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 11/06/2026
TICKER RAA
NET ASSETS $591M
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 $29.00
30 DAY MEDIAN BID-ASK SPREAD 0.000668

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 10.34% NA NA 13.35%
RAA - Market Price 10.25% NA NA 13.33%
S&P 500 Index Total Return 12.11% NA NA 16.84%
1 MO 3 MO YTD Since Inception
RAA - NAV 0.07% -1.49% 2.09% 1.87% 9.88% 9.81% 13.35% 14.06%
RAA - Market Price -0.03% -1.49% 1.99% 1.86% 9.80% 9.83% 13.33% 14.11%
S&P 500 Index Total Return -0.87% -0.35% 1.48% 2.30% 11.77% 12.75% 16.84% 18.46%
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 11/06/2026

NET ASSET VALUE

$29.00

CLOSING PRICE

$29.00

PREMIUM/DISCOUNT

0.02%
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 7
Discount 16 8 14 21 15

Asset Allocation

As of 11/6/2026

Equities

55.65%
Nasdaq
26.34%
US Large Cap
20.12%
Dividend Payers
3.15%
US Small Cap
2.04%
Emerging Ex. China
2.00%
Europe
1.00%
Japan
1.00%

Fixed Income

20.58%
High Yield
5.17%
Corporate Bonds
5.16%
Emerging Mkt Bonds
3.09%
TIPS
3.00%
T-Bills
2.09%
Long Term Treasuries
2.07%

Alternatives

23.64%
Managed Futures
7.96%
Commodities
5.77%
Energy
3.63%
Miners
2.14%
Bitcoin
2.03%
Gold
1.08%
Real Estate
1.03%

Holdings

As of 11/06/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 20.12 118890000 BBG00RYR67P4 2534440
iM DBi Managed Futures Strategy ETF DBMF 6.17 36442400 N/A 1157640
INVESCO OPTIMUM YIELD DIVERS PDBC 5.77 34114800 N/A 1817520
SCHWAB HIGH YIELD BOND ETF SCYB 5.17 30546100 BBG01F80WX71 1214070
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.16 30509700 BBG000PWYVH7 382471
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.09 18266100 BBG000NXKWH0 198631
SCHWAB U.S. TIPS ETF SCHP 3.08 18173500 BBG000BGN6P5 709903
APPLE INC AAPL 2.20 12987500 BBG000B9XRY4 37934
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.07 12213700 BBG00PZFJPC3 409718
NVIDIA CORP NVDA 2.07 12204800 BBG000BBJQV0 65392
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.06 12187300 BBG01922X0X9 244185
Vanguard Morningstar Small-Cap ETF VB 2.04 12027700 BBG000HT3Z79 42108
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.03 11985100 N/A 357764
ISHARES MSCI EMR MRK EX CHNA EMXC 1.97 11624600 BBG00H5VLMJ6 136327
Simplify DBi CTA Managed Futures Index ETF SDMF 1.79 10606200 BBG020BR8WR7 403585
MICROSOFT CORP MSFT 1.76 10379300 BBG000BPH459 19561
AMAZON.COM INC AMZN 1.24 7350120 BBG000BVPV84 28346
SPROTT PHYSICAL GOLD TRUS PHYS 1.08 6372620 BBG000Q83F79 207442
Franklin FTSE Europe ETF FLEE 1.03 6076340 BBG00J3PR1S7 159647
ADVANCED MICRO DEVICES INC AMD 1.00 5925530 BBG000BBQCY0 13196
Franklin FTSE Japan ETF FLJP 0.99 5829890 BBG00J3MDY16 154598
MICRON TECHNOLOGY INC MU 0.94 5578650 BBG000C5Z1S3 8085
Tesla Inc. TSLA 0.83 4928030 BBG000N9MNX3 13757
META PLATFORMS INC META 0.80 4751240 BBG000MM2P62 7787
ALPHABET INC-CL A GOOGL 0.75 4416080 BBG009S39JX6 15507
SPACE EXPLORATION TECH CORP A SPCX 0.73 4316510 BBG000NQF3Z5 32148
WAL-MART STORES INC WMT 0.72 4255000 BBG000BWXBC2 33899
ALPHABET INC-CL C GOOG 0.70 4117270 BBG009S3NB30 14501
Broadcom Inc. AVGO 0.66 3872010 BBG00KHY5S69 13184
COSTCO WHOLESALE CORP COST 0.55 3264980 BBG000F6H8W8 3099
INTEL CORP INTC 0.51 3040300 BBG000C0G1D1 54021
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.47 2799270 BBG000N7QR55 17454
CHEVRON CORP CVX 0.46 2745430 BBG000K4ND22 12913
CISCO SYSTEMS INC CSCO 0.46 2733290 BBG000C3J3C9 29124
BHP GROUP LTD BHP 0.44 2581810 BBG000BD5NZ4 32317
SCHLUMBERGER LTD SLB 0.39 2283990 BBG000BT41Q8 45753
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.37 2157640 BBG023CY9MM1 13008
EQT CORP EQT 0.37 2168020 BBG000BHZ5J9 43887
WILLIAMS COMPANIES INC. WMB 0.36 2110920 BBG000BWVCP8 32942
Suncor Energy Inc. SU 0.36 2116440 BBG000BC1LY5 30789
CANADIAN NATURAL RESOURCES CNQ 0.36 2108770 BBG000HW5GX3 43435
OCCIDENTAL PETROLEUM CORP OXY 0.36 2147120 BBG000BQQ2S6 38083
MARATHON PETROLEUM CORP MPC 0.35 2056030 BBG001DCCGR8 5516
APPLIED MATERIALS INC AMAT 0.35 2041870 BBG000BBPFB9 6137
Cheniere Energy Inc LNG 0.35 2053590 BBG000C3HSR0 7405
LAM RESH CORP LRCX 0.32 1915200 BBG000BNFLM9 9555
NETFLIX INC NFLX 0.32 1863810 BBG000CL9VN6 29393
TEXAS INSTRUMENTS INC TXN 0.32 1869960 BBG000BVV7G1 6742
PALO ALTO NETWORKS INC PANW 0.32 1899670 BBG0014GJCT9 6053
PEPSICO INC PEP 0.30 1800110 BBG000DH7JK6 12736
AUTOMATIC DATA PROCESSING ADP 0.29 1739410 BBG000JG0547 5734
AMGEN INC AMGN 0.29 1724270 BBG000BBS2Y0 3745
LINDE PLC LIN 0.28 1635400 BBG01FND0CC1 3174
Crowdstrike Holdings Inc. Class A CRWD 0.28 1647360 BBG00BLYKS03 7595
NEWMONT GOLDCORP CORPORATION COM NEM 0.28 1676300 BBG000BPWXK1 13864
Kimberly-Clark Corp KMB 0.28 1641070 BBG000BMW2Z0 15134.8
SHOPIFY INC - CLASS A SHOP 0.24 1407200 BBG004DW5NB8 9450
QUALCOMM INC QCOM 0.24 1418390 BBG000CGC1X8 8575
GILEAD SCIENCES INC GILD 0.24 1412220 BBG000CKGBP2 8462
ANALOG DEVICES INC ADI 0.23 1351720 BBG000BB6G37 3718
KLA CORPORATION KLAC 0.23 1386420 BBG000BMTFR4 10011
AGNICO EAGLE MINES LTD AEM 0.22 1285430 BBG000DLVDK3 6710
INTUITIVE SURGICAL INC ISRG 0.20 1198110 BBG000BJPDZ1 2646
T-MOBILE US INC TMUS 0.19 1124350 BBG000NDV1D4 6940
RIO TINTO PLC-SPON ADR RIO 0.19 1122230 BBG000FD28T3 13403
FREEPORT-MCMORAN INC FCX 0.19 1103370 BBG000BJDB15 18569
SANDISK CORP/DE SNDKV SNDK 0.18 1039650 BBG01R388JG1 1245
REALTY INCOME CORP O 0.18 1065850 BBG000DHPN63 18053
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.17 981199 BBG00ZXBJ153 6949
CLOROX COMPANY CLX 0.17 1022290 BBG000BFS7D3 10227
ASML HOLDING NV-NY REG SHS ASML 0.17 998750 BBG000K6MRN4 701
FRANKLIN RESOURCES INC BEN 0.17 980329 BBG000BD0TF8 29064
STANLEY BLACK & DECKER INC SWK 0.17 1015040 BBG000BTQR96 8838
APPLOVIN CORP APP 0.16 932668 BBG006HFPX77 2384
HORMEL FOODS CORP HRL 0.16 935465 BBG000BLF8D2 42618
MEDTRONIC PLC MDT 0.16 956818 BBG000BNWG87 9399
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.16 944189 BBG000B9ZXB4 8589
T ROWE PRICE GROUP INC TROW 0.16 951406 BBG000BVMPN3 8776
AO Smith Corp AOS 0.16 927390 BBG000BC1L02 14367
VERTEX PHARMACEUTICALS INC VRTX 0.16 953578 BBG000C1S2X2 1743
AMCOR PLC COMMON STOCK USD.01 AMCR 0.15 868010 N/A 19345
Barrick Mining Corp. B 0.15 875731 N/A 21591
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.15 909555 BBG00CMNZNK7 909555
BOOKING HOLDINGS INC BKNG 0.15 857630 BBG000BLBVN4 5338
GENUINE PARTS CO GPC 0.15 865249 BBG000BKL348 7046
STARBUCKS CORP SBUX 0.15 861200 BBG000CTQBF3 8170
WELLTOWER INC WELL 0.15 880076 BBG000BKY1G5 3592
ILLINOIS TOOL WORKS ITW 0.15 910840 BBG000BMBL90 3242
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 844534 BBG0113JGQF0 1832
GLENCORE PLC -UNSP ADR GLNCY 0.14 808468 BBG001VKX1Z1 61621
EVERSOURCE ENERGY ES 0.14 805954 BBG000BQ87N0 11540
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.13 793869 BBG000PVRDL2 5824
Marriott International, Inc Class A MAR 0.13 758808 BBG000BGD7W6 1822
International Business Machines Corporation IBM 0.13 754600 BBG000BLNNH6 3080
WESTERN DIGITAL CORP WDC 0.13 753619 BBG000BWNFZ9 2857
PPG INDUSTRIES INC PPG 0.13 748843 BBG000BRJ809 6119
MODERNA INC MRNA 0.12 699022 BBG003PHHZT1 2750
ADOBE SYSTEMS INC ADBE 0.12 697560 BBG000BB5006 2915
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.11 666122 N/A 26914
ARM HOLDINGS PLC ARM 0.11 630204 BBG01J1GXZF0 3609
CONSTELLATION ENERGY CORPORATION CEG 0.11 639372 BBG014KFRNP7 2558
FRANCO-NEVADA CORP FNV 0.11 625647 BBG000TRN6Z1 2454
SYNOPSYS INC SNPS 0.11 646861 BBG000BSFRF3 1436
FORTINET INC FTNT 0.11 640429 BBG000BCMBG4 5389
MONSTER BEVERAGE CORP MNST 0.11 647441 BBG008NVB1C0 14161
NUCOR CORP NUE 0.11 660684 BBG000BQ8KV2 2697
CSX CORP CSX 0.11 631438 BBG000BGJRC8 12855
INTUIT INC INTU 0.11 668316 BBG000BH5DV1 1957
CADENCE DESIGN SYS INC CDNS 0.11 654556 BBG000C13CD9 2046
COMCAST CORP-CLASS A CMCSA 0.10 581067 BBG000BFT2L4 23824
PROLOGIS INC PLD 0.10 599378 BBG000B9Z0J8 4721
ERIE INDEMNITY COMPANY-CL A ERIE 0.10 616865 BBG000BBTJZ1 2259
CINTAS CORP CTAS 0.10 608822 BBG000H3YXF8 2738
MERCADOLIBRE INC MELI 0.10 561720 BBG000GQPB11 372
REGENERON PHARMACEUTICALS REGN 0.10 601393 BBG000C734W3 665
DOORDASH INC CLASS A DASH 0.09 546197 BBG005D7QCJ3 3040
AIRBNB INC ABNB 0.09 560280 BBG001Y2XS07 2949
ROSS STORES INC ROST 0.09 549070 BBG000BSBZH7 2376
EQUINIX INC EQIX 0.09 545851 BBG000MBDGM6 539
MONDELEZ INTERNATIONAL INC-A MDLZ 0.09 556086 BBG000D4LWF6 8423
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.08 484550 BBG022XF4SZ9 2202
Datadog Inc. Class A DDOG 0.08 468190 BBG003NJHZT9 2615
NXP Semiconductors NV NXPI 0.08 471254 BBG000BND699 1898
AMERICAN ELECTRIC POWER AEP 0.08 468541 BBG000BB9KF2 3703
ROPER TECHNOLOGIES INC ROP 0.08 494234 BBG000F1ZSN5 1037
SIMON PROPERTY GROUP INC SPG 0.08 446104 BBG000BJ2D31 1953
OREILLY AUTOMOTIVE INC ORLY 0.08 489811 BBG000BGYWY6 5449
LUMENTUM HOLDINGS INC LITE 0.07 400711 BBG0073F9RT7 744
AUTODESK INC ADSK 0.07 386037 BBG000BM7HL0 1475
FASTENAL CO FAST 0.07 430915 BBG000BJ8YN7 8132
DIGITAL REALTY TRUST INC DLR 0.07 416164 BBG000Q5ZRM7 2389
MONOLITHIC POWER SYSTEMS INC MPWR 0.07 424987 BBG000C30L48 357
PUBLIC STORAGE PSA 0.07 441060 BBG000BPPN67 1307
VALE SA-SP ADR VALE 0.07 435320 BBG000BN5LG7 37560
HONEYWELL AEROSPACE INC HONAV HONAV 0.06 362573 BBG020QYV152 2371
KEURIG DR PEPPER INC KDP 0.06 373260 BBG000TJM7F0 10190
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.06 383266 BBG00LBLDDR2 4616
IDEXX LABS IDXX 0.06 364386 BBG000BLRT07 539
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 370106 BBG00B6BFWH9 3187
PAYPAL HOLDINGS INC PYPL 0.06 378307 BBG0077VNXV6 6386
Vivmark Residential VMRK 0.06 383889 BBG000BG8M31 5860
Ventas Inc. VTR 0.06 379584 BBG000FRVHB9 4277
EXELON CORP EXC 0.06 357889 BBG000J6XT05 7845
XCEL ENERGY INC XEL 0.06 362180 BBG000BCTQ65 4546
MICROSTRATEGY INC-CL A MSTR 0.06 364098 BBG000GQJPZ0 2824
DIAMONDBACK ENERGY INC FANG 0.06 359889 BBG002PHSYX9 2011
PACCAR INC PCAR 0.06 364375 BBG000BQVTF5 3573
THOMSON REUTERS CORP TRI 0.05 288067 N/A 2559
ASTERA LABS INC ALAB 0.05 276339 BBG00TDKHW99 1449
FERROVIAL SA FER 0.05 318847 BBG01H0DF657 5430.88
Baker Hughes Company BKR 0.05 318000 BBG00GBVBK51 6643
PAYCHEX INC PAYX 0.05 315828 BBG000BQSQ38 2698
IRON MOUNTAIN INC IRM 0.05 280148 BBG000KCZPC3 2630
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 273100 BBG000BS1YV5 1271
ROCKET LAB CORP RKLB 0.04 238974 BBG01V7JN3F3 4503
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 261886 BBG01BFR8YV1 3179
Nebius Group NV NBIS 0.04 260275 BBG001NVJ6W4 2010
VICI PROPERTIES INC REIT VICI 0.04 246735 BBG00HVVB499 9953
WORKDAY INC-CLASS A WDAY 0.04 237074 BBG000VC0T95 1229
Old Dominion Freight Line Inc. ODFL 0.04 231053 BBG000CHSS88 1401
TERADYNE INC TER 0.04 247456 BBG000BV4DR6 1134
MICROCHIP TECHNOLOGY INC MCHP 0.04 232000 BBG000BHCP19 3976
EXTRA SPACE STORAGE INC EXR 0.04 254386 BBG000PV27K3 1598
DEXCOM INC DXCM 0.04 233545 BBG000QTF8K1 2941
COREWEAVE INC CRWV 0.03 157157 BBG011ZTRJ21 3387
AXON ENTERPRISE INC AXON 0.03 177784 BBG000BHJWG1 568
COPART INC CPRT 0.03 192243 BBG000BM9RH1 6017
ABBVIE INC ABBV 0.03 179156 BBG0025Y4RY4 615
CONSOLIDATED EDISON INC ED 0.03 184361 BBG000BHLYS1 1555
MCDONALDS CORP MCD 0.03 193564 BBG000BNSZP1 700
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 166856 BBG000BFGNJ5 1070
AIR PRODUCTS & CHEMICALS INC APD 0.03 176198 BBG000BC4JJ4 578
INVITATION HOMES INC REIT USD.01 INVH 0.02 123305 BBG00FQH6BS9 4550
REGENCY CENTERS CORP REG 0.02 121091 BBG000BL46Q4 1618
HOST HOTELS & RESORTS INC HST 0.02 118398 BBG000BL8804 4809
MID-AMERICA APARTMENT COMM MAA 0.02 122260 BBG000BLMY92 1028
ESSEX PROPERTY TRUST INC ESS 0.02 124114 BBG000CGJMB9 456
KIMCO REALTY CORP KIM 0.02 126605 BBG000CN3S73 4961
Omega Healthcare Investors Inc OHI 0.02 124137 BBG000BGBTC2 2576
W. P. CAREY REIT INC WPC 0.02 122489 BBG000BCQM58 1883
Cash & Other Cash&Other -0.09 -538720 N/A -538720

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.