RAA

SMI 3FOURTEEN REAL ASSET ALLOCATION ETF

How to Buy →
ETF Market Price

Overview

Fund Objective

The SMI 3Fourteen REAL Asset Allocation ETF seeks long-term capital appreciation.

Fund Description

The Fund is actively managed and allocates its portfolio assets based on a high-level benchmark allocation to three broad categories of asset classes: Stocks, Bonds, and Alternatives. Assets are chosen using a REAL Asset Allocation (”RAA”) strategy developed by an affiliate of the Adviser, 3Fourteen Research, LLC (“3Fourteen”).

The RAA strategy uses a proprietary process developed by 3Fourteen to identify its allocation to the securities (and their weightings) within the stocks, bonds, and alternatives categories in the portfolio. This monthly, proprietary process consists of proprietary trend ranking using various trend analysis techniques and machine-learning-based optimizations to determine which and how much of each security to own.

While a pure trend rank will structurally overweight higher volatility assets, the strategy employs a hierarchical risk parity to optimize risk across and within each major asset class. The RAA strategy strives to stay diversified while overweighting the strongest assets within each category.

NAV Historical Change

Fund Details

As of 10/01/2026
TICKER RAA
NET ASSETS $606M
TYPE Active Equity ETF
CUSIP 26923N 397
ISIN US26923N3970
PRIMARY EXCHANGE NASDAQ
INCEPTION DATE 02/26/2025
GROSS EXPENSE RATIO 0.89%
NET EXPENSE RATIO* 0.85%
TYPICAL # OF HOLDINGS 150
ADVISOR 3Fourteen & SMI Advisory Services
FUND DISTRIBUTOR Foreside Fund Services, LLC
NAV $30.01
30 DAY MEDIAN BID-ASK SPREAD 0.000667

Fee Breakdown

ANNUAL FUND OPERATING EXPENSES
- NET MANAGEMENT FEE* 0.77%
- DISTRIBUTION AND/OR SERVICE (12B-1) FEES 0.00%
- ACQUIRED FUND FEES AND EXPENSES 0.08%
TOTAL FEES: 0.85%

Performance

1 YR 3 YRS 5 YRS Since Inception
RAA - NAV 18.28% NA NA 16.03%
RAA - Market Price 18.32% NA NA 16.08%
S&P 500 Index Total Return NA NA NA 19.83%
1 MO 3 MO YTD Since Inception
RAA - NAV 3.57% -2.77% 0.55% 7.07% 11.47% 7.79% 16.03% 15.31%
RAA - Market Price 3.57% -2.70% 0.61% 7.15% 11.50% 7.83% 16.08% 15.38%
S&P 500 Index Total Return 2.72% -0.95% 1.68% 15.20% 13.14% 10.21% 19.83% 20.23%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

Scroll for more →

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (844) 328-3383.

The S&P 500 index is an unmanaged index commonly used to measure the performance of U.S. stocks. The Bloomberg U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. You cannot invest directly in an index.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.

Premium Discount

As of 10/01/2026

NET ASSET VALUE

$30.01

CLOSING PRICE

$30.01

PREMIUM/DISCOUNT

0.01%
Premium: When a Fund’s market price exceeds its net asset value per share (“NAV”) on a given trading day, expressed as a percentage of the Fund’s NAV.
Discount: When a Fund’s market price is below its net asset value per share (“NAV”) on a given trading day expressed as a percentage of the Fund’s NAV.
# of Days 2025 Q4 2026 Q1 2026 Q2 2026 Q3 2026 Q4
Premium 39 35 39 32 0
Discount 16 8 14 21 1

Asset Allocation

As of 10/1/2026

Equities

41.98%
Nasdaq
18.03%
US Large Cap
14.91%
US Small Cap
3.00%
Dividend Payers
2.07%
Emerging Ex. China
2.00%
Japan
0.99%
Europe
0.98%

Fixed Income

29.05%
Long Term Treasuries
7.98%
Corporate Bonds
5.97%
High Yield
5.94%
Emerging Mkt Bonds
3.96%
TIPS
2.99%
T-Bills
2.21%

Alternatives

28.97%
Commodities
10.05%
Energy
5.01%
Managed Futures
5.01%
Miners
3.93%
Gold
2.00%
Real Estate
1.97%
Bitcoin
1.00%

Holdings

As of 10/01/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.91 90384900 BBG00RYR67P4 1849500
INVESCO OPTIMUM YIELD DIVERS PDBC 10.05 60906300 N/A 3113820
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 7.98 48405200 BBG00PZFJPC3 1703210
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.97 36196100 BBG000PWYVH7 463280
SCHWAB HIGH YIELD BOND ETF SCYB 5.94 36003800 BBG01F80WX71 1436700
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.96 23990600 BBG000NXKWH0 265794
iM DBi Managed Futures Strategy ETF DBMF 3.54 21481300 N/A 653920
Vanguard Morningstar Small-Cap ETF VB 3.00 18174500 BBG000HT3Z79 63423
SCHWAB U.S. TIPS ETF SCHP 2.99 18158400 BBG000BGN6P5 722002
SPROTT PHYSICAL GOLD TRUS PHYS 2.00 12146000 BBG000Q83F79 386323
ISHARES MSCI EMR MRK EX CHNA EMXC 2.00 12121900 BBG00H5VLMJ6 122024
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.00 12096700 BBG01922X0X9 242614
NVIDIA CORP NVDA 1.50 9088730 BBG000BBJQV0 39369
Simplify DBi CTA Managed Futures Index ETF SDMF 1.47 8924950 BBG020BR8WR7 325728
APPLE INC AAPL 1.28 7788620 BBG000B9XRY4 23579
MICROSOFT CORP MSFT 1.02 6192060 BBG000BPH459 12075
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.00 6084110 N/A 162503
Franklin FTSE Japan ETF FLJP 0.99 6000250 BBG00J3MDY16 145179
Franklin FTSE Europe ETF FLEE 0.98 5949110 BBG00J3PR1S7 159642
MICRON TECHNOLOGY INC MU 0.93 5636200 BBG000C5Z1S3 5136
BHP GROUP LTD BHP 0.85 5123610 BBG000BD5NZ4 60527
ADVANCED MICRO DEVICES INC AMD 0.75 4553940 BBG000BBQCY0 7396
AMAZON.COM INC AMZN 0.72 4359170 BBG000BVPV84 17561
META PLATFORMS INC META 0.59 3596260 BBG000MM2P62 4954
CHEVRON CORP CVX 0.57 3430610 BBG000K4ND22 16565
MARATHON PETROLEUM CORP MPC 0.53 3187680 BBG001DCCGR8 7587
ALPHABET INC-CL A GOOGL 0.53 3190960 BBG009S39JX6 9434
OCCIDENTAL PETROLEUM CORP OXY 0.52 3172410 BBG000BQQ2S6 54848
EQT CORP EQT 0.51 3091400 BBG000BHZ5J9 61717
Cheniere Energy Inc LNG 0.51 3080300 BBG000C3HSR0 11308
WILLIAMS COMPANIES INC. WMB 0.51 3092060 BBG000BWVCP8 44670
CANADIAN NATURAL RESOURCES CNQ 0.50 3026300 BBG000HW5GX3 63325
Tesla Inc. TSLA 0.50 3058800 BBG000N9MNX3 8638
Suncor Energy Inc. SU 0.50 3044890 BBG000BC1LY5 44065
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3032310 BBG023CY9MM1 18510
SCHLUMBERGER LTD SLB 0.49 2995510 BBG000BT41Q8 61560
ALPHABET INC-CL C GOOG 0.49 2976190 BBG009S3NB30 8886
SPACE EXPLORATION TECH CORP A SPCX 0.48 2879960 BBG000NQF3Z5 19450
NEWMONT GOLDCORP CORPORATION COM NEM 0.47 2868130 BBG000BPWXK1 25012
INTEL CORP INTC 0.46 2772480 BBG000C0G1D1 23104
Broadcom Inc. AVGO 0.46 2782800 BBG00KHY5S69 8098
WAL-MART STORES INC WMT 0.39 2388600 BBG000BWXBC2 22910
FREEPORT-MCMORAN INC FCX 0.38 2293380 BBG000BJDB15 33103
RIO TINTO PLC-SPON ADR RIO 0.38 2300390 BBG000FD28T3 24770
AGNICO EAGLE MINES LTD AEM 0.35 2132050 BBG000DLVDK3 11806
APPLIED MATERIALS INC AMAT 0.32 1934590 BBG000BBPFB9 3655
CISCO SYSTEMS INC CSCO 0.32 1924770 BBG000C3J3C9 17766
COSTCO WHOLESALE CORP COST 0.32 1927780 BBG000F6H8W8 2107
LAM RESH CORP LRCX 0.32 1933130 BBG000BNFLM9 5684
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.32 1963870 BBG000N7QR55 10334
WELLTOWER INC WELL 0.27 1649400 BBG000BKY1G5 7268
GLENCORE PLC -UNSP ADR GLNCY 0.26 1551560 BBG001VKX1Z1 107152
Barrick Mining Corp. B 0.26 1549140 N/A 38632
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.23 1380500 BBG000PVRDL2 10347
PALO ALTO NETWORKS INC PANW 0.23 1421740 BBG0014GJCT9 3588
PROLOGIS INC PLD 0.22 1323070 BBG000B9Z0J8 10322
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1322680 N/A 49557
NETFLIX INC NFLX 0.21 1294510 BBG000CL9VN6 19079
KLA CORPORATION KLAC 0.21 1251460 BBG000BMTFR4 6247
NUCOR CORP NUE 0.20 1200900 BBG000BQ8KV2 5089
TEXAS INSTRUMENTS INC TXN 0.20 1209910 BBG000BVV7G1 4301
REALTY INCOME CORP O 0.20 1188100 BBG000DHPN63 22195
Crowdstrike Holdings Inc. Class A CRWD 0.20 1219760 BBG00BLYKS03 4584
EQUINIX INC EQIX 0.19 1151020 BBG000MBDGM6 1137
PEPSICO INC PEP 0.19 1137560 BBG000DH7JK6 9057
SANDISK CORP/DE SNDKV SNDK 0.19 1154850 BBG01R388JG1 646
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.18 1066150 BBG00ZXBJ153 3977
AUTOMATIC DATA PROCESSING ADP 0.18 1086990 BBG000JG0547 4118
FRANCO-NEVADA CORP FNV 0.17 1024740 BBG000TRN6Z1 4346
AMGEN INC AMGN 0.17 1044650 BBG000BBS2Y0 2565
LINDE PLC LIN 0.17 1028560 BBG01FND0CC1 2191
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.17 1005140 BBG0113JGQF0 1063
VALE SA-SP ADR VALE 0.16 973376 BBG000BN5LG7 72370
QUALCOMM INC QCOM 0.15 879677 BBG000CGC1X8 4831
ANALOG DEVICES INC ADI 0.15 928557 BBG000BB6G37 2295
Cash & Other Cash&Other 0.14 834590 N/A 834590
GILEAD SCIENCES INC GILD 0.14 867742 BBG000CKGBP2 5883
T-MOBILE US INC TMUS 0.14 839055 BBG000NDV1D4 5188
SIMON PROPERTY GROUP INC SPG 0.14 821714 BBG000BJ2D31 4092
WESTERN DIGITAL CORP WDC 0.13 776176 BBG000BWNFZ9 1678
DIGITAL REALTY TRUST INC DLR 0.13 803912 BBG000Q5ZRM7 4555
SHOPIFY INC - CLASS A SHOP 0.13 808068 BBG004DW5NB8 5420
PUBLIC STORAGE PSA 0.12 737832 BBG000BPPN67 2598
ASML HOLDING NV-NY REG SHS ASML 0.12 750523 BBG000K6MRN4 415
Vivmark Residential VMRK 0.12 710367 BBG000BG8M31 11806
Ventas Inc. VTR 0.12 709696 BBG000FRVHB9 8476
INTUITIVE SURGICAL INC ISRG 0.11 675287 BBG000BJPDZ1 1683
KENVUE INC KVUE 0.10 584016 BBG01C79X561 33915
AO Smith Corp AOS 0.10 595828 BBG000BC1L02 10514
Kimberly-Clark Corp KMB 0.10 579436 BBG000BMW2Z0 6142
HORMEL FOODS CORP HRL 0.10 610716 BBG000BLF8D2 30597
MEDTRONIC PLC MDT 0.10 600672 BBG000BNWG87 6949
ARM HOLDINGS PLC ARM 0.10 587019 BBG01J1GXZF0 2008
FRANKLIN RESOURCES INC BEN 0.10 611910 BBG000BD0TF8 18828
VERTEX PHARMACEUTICALS INC VRTX 0.10 607581 BBG000C1S2X2 1199
STANLEY BLACK & DECKER INC SWK 0.10 603657 BBG000BTQR96 6738
International Business Machines Corporation IBM 0.10 587063 BBG000BLNNH6 2602
CLOROX COMPANY CLX 0.10 601730 BBG000BFS7D3 7461
T ROWE PRICE GROUP INC TROW 0.10 614026 BBG000BVMPN3 5802
ABBVIE INC ABBV 0.10 606677 BBG0025Y4RY4 2334
FORTINET INC FTNT 0.10 609435 BBG000BCMBG4 3410
AMCOR PLC COMMON STOCK USD.01 AMCR 0.10 600642 N/A 14366
GENUINE PARTS CO GPC 0.09 572049 BBG000BKL348 4572
IRON MOUNTAIN INC IRM 0.09 547204 BBG000KCZPC3 4924
BOOKING HOLDINGS INC BKNG 0.09 547997 BBG000BLBVN4 3419
STARBUCKS CORP SBUX 0.09 520607 BBG000CTQBF3 5487
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.09 534476 BBG00CMNZNK7 534476
PPG INDUSTRIES INC PPG 0.08 500218 BBG000BRJ809 4779
ILLINOIS TOOL WORKS ITW 0.08 512811 BBG000BMBL90 1966
ADOBE SYSTEMS INC ADBE 0.08 456502 BBG000BB5006 1892
EVERSOURCE ENERGY ES 0.08 507470 BBG000BQ87N0 7891
EXTRA SPACE STORAGE INC EXR 0.08 458061 BBG000PV27K3 3442
CADENCE DESIGN SYS INC CDNS 0.07 435607 BBG000C13CD9 1242
CONSTELLATION ENERGY CORPORATION CEG 0.07 444048 BBG014KFRNP7 1715
Marriott International, Inc Class A MAR 0.07 453422 BBG000BGD7W6 1278
MONSTER BEVERAGE CORP MNST 0.07 400330 BBG008NVB1C0 9500
MERCADOLIBRE INC MELI 0.07 399373 BBG000GQPB11 237
APPLOVIN CORP APP 0.07 414088 BBG006HFPX77 1472
CSX CORP CSX 0.07 417696 BBG000BGJRC8 8975
VICI PROPERTIES INC REIT VICI 0.07 405299 BBG00HVVB499 17831
SYNOPSYS INC SNPS 0.07 446391 BBG000BSFRF3 910
Datadog Inc. Class A DDOG 0.07 434595 BBG003NJHZT9 1572
LUMENTUM HOLDINGS INC LITE 0.07 441319 BBG0073F9RT7 422
Warner Bros Discovery Inc WBD 0.06 372421 BBG011386VF4 12033
ERIE INDEMNITY COMPANY-CL A ERIE 0.06 353599 BBG000BBTJZ1 1592
COMCAST CORP-CLASS A CMCSA 0.06 372589 BBG000BFT2L4 17170
ROSS STORES INC ROST 0.06 356066 BBG000BSBZH7 1521
REGENERON PHARMACEUTICALS REGN 0.06 348300 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.06 356152 BBG005D7QCJ3 1955
INTUIT INC INTU 0.06 365635 BBG000BH5DV1 1293
CINTAS CORP CTAS 0.06 376139 BBG000H3YXF8 1923
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 354184 BBG000D4LWF6 6132
PACCAR INC PCAR 0.05 279467 BBG000BQVTF5 2542
FASTENAL CO FAST 0.05 276288 BBG000BJ8YN7 5501
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 295330 BBG000C30L48 217
ESSEX PROPERTY TRUST INC ESS 0.05 283255 BBG000CGJMB9 1051
TERADYNE INC TER 0.05 305190 BBG000BV4DR6 734
NXP Semiconductors NV NXPI 0.05 284875 BBG000BND699 1191
AIRBNB INC ABNB 0.05 328803 BBG001Y2XS07 2049
OREILLY AUTOMOTIVE INC ORLY 0.05 332637 BBG000BGYWY6 3912
AMERICAN ELECTRIC POWER AEP 0.05 312787 BBG000BB9KF2 2612
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 324976 BBG022XF4SZ9 1520
PAYPAL HOLDINGS INC PYPL 0.04 224603 BBG0077VNXV6 4233
HOST HOTELS & RESORTS INC HST 0.04 256997 BBG000BL8804 11417
ASTERA LABS INC ALAB 0.04 268028 BBG00TDKHW99 752
Omega Healthcare Investors Inc OHI 0.04 223888 BBG000BGBTC2 4950
Baker Hughes Company BKR 0.04 254183 BBG00GBVBK51 4570
HEALTHPEAK PROPERTIES INC DOC 0.04 223385 BBG000BKYDP9 11491
MID-AMERICA APARTMENT COMM MAA 0.04 220889 BBG000BLMY92 1898
KIMCO REALTY CORP KIM 0.04 241756 BBG000CN3S73 10885
INVITATION HOMES INC REIT USD.01 INVH 0.04 259855 BBG00FQH6BS9 9843
Nebius Group NV NBIS 0.04 247378 BBG001NVJ6W4 1065
DIAMONDBACK ENERGY INC FANG 0.04 243946 BBG002PHSYX9 1315
AUTODESK INC ADSK 0.04 212367 BBG000BM7HL0 1005
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 245794 BBG00LBLDDR2 3213
W. P. CAREY REIT INC WPC 0.04 237703 BBG000BCQM58 3724
MICROSTRATEGY INC-CL A MSTR 0.04 242836 BBG000GQJPZ0 1513
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 214985 BBG00B6BFWH9 2133
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 232646 BBG020QYV152 1510
PAYCHEX INC PAYX 0.03 172235 BBG000BQSQ38 1708
XCEL ENERGY INC XEL 0.03 211650 BBG000BCTQ65 3000
MICROCHIP TECHNOLOGY INC MCHP 0.03 203943 BBG000BHCP19 2598
ROPER TECHNOLOGIES INC ROP 0.03 162394 BBG000F1ZSN5 449
AXON ENTERPRISE INC AXON 0.03 164662 BBG000BHJWG1 390
Old Dominion Freight Line Inc. ODFL 0.03 175072 BBG000CHSS88 983
EXELON CORP EXC 0.03 197979 BBG000J6XT05 4892
IDEXX LABS IDXX 0.03 187426 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 192217 BBG000BS1YV5 944
KEURIG DR PEPPER INC KDP 0.03 201020 BBG000TJM7F0 6550
FERROVIAL SA FER 0.03 182478 BBG01H0DF657 3446.88
WORKDAY INC-CLASS A WDAY 0.03 183388 BBG000VC0T95 982
COREWEAVE INC CRWV 0.03 188300 BBG011ZTRJ21 2126
DEXCOM INC DXCM 0.03 159094 BBG000QTF8K1 1845
ROCKET LAB CORP RKLB 0.03 195667 BBG01V7JN3F3 2777
THOMSON REUTERS CORP TRI 0.03 180835 N/A 1820
AIR PRODUCTS & CHEMICALS INC APD 0.02 117805 BBG000BC4JJ4 431
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.02 128694 BBG000B9ZXB4 1331
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 141020 BBG000BFGNJ5 610
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 138709 BBG01BFR8YV1 2168
COPART INC CPRT 0.02 119339 BBG000BM9RH1 4373
MCDONALDS CORP MCD 0.02 120552 BBG000BNSZP1 520
CONSOLIDATED EDISON INC ED 0.02 121095 BBG000BHLYS1 1170

How To Invest

Buy Through Your Brokerage

FCTE and RAA can be purchased, like most other ETFs, in Brokerage Accounts held at firms like Schwab, Fidelity, etc.

Further Assistance

If you have any additional inquiries or questions about 3FourteenSMI, please contact us at 844-328-3383. Our team is here to assist you with all your investment needs.