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 08/13/2026
TICKER RAA
NET ASSETS $613M
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 $30.28
30 DAY MEDIAN BID-ASK SPREAD 0.000679

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 16.01% NA NA 14.22%
RAA - Market Price 16.17% NA NA 14.27%
S&P 500 Index Total Return 19.56% NA NA 18.87%
1 MO 3 MO YTD Since Inception
RAA - NAV -0.15% -2.77% 0.18% 7.07% 7.63% 7.79% 14.22% 15.31%
RAA - Market Price -0.16% -2.70% 0.16% 7.15% 7.66% 7.83% 14.27% 15.38%
S&P 500 Index Total Return -0.06% -0.95% 4.19% 15.20% 10.14% 10.21% 18.87% 20.23%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

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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 08/13/2026

NET ASSET VALUE

$30.28

CLOSING PRICE

$30.29

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 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Premium 47 39 35 39 16
Discount 13 16 8 14 9

Asset Allocation

As of 8/13/2026

Equities

40.62%
Nasdaq
16.36%
US Large Cap
10.15%
Dividend Payers
4.93%
Emerging Ex. China
3.08%
US Small Cap
3.05%
Japan
2.06%
Europe
0.99%

Fixed Income

24.78%
Long Term Treasuries
5.90%
High Yield
5.89%
Emerging Mkt Bonds
3.93%
Corporate Bonds
3.92%
TIPS
2.92%
T-Bills
2.22%

Alternatives

34.60%
Managed Futures
10.82%
Commodities
8.86%
Energy
5.00%
Real Estate
3.77%
Miners
3.15%
Bitcoin
1.96%
Gold
1.04%

Holdings

As of 08/13/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 10.15 62262800 BBG00RYR67P4 1252020
iM DBi Managed Futures Strategy ETF DBMF 9.42 57782900 N/A 1844920
INVESCO OPTIMUM YIELD DIVERS PDBC 8.86 54362600 N/A 3059240
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.90 36168500 BBG00PZFJPC3 1201610
SCHWAB HIGH YIELD BOND ETF SCYB 5.89 36122300 BBG01F80WX71 1385590
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.93 24088800 BBG000NXKWH0 252609
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 3.92 24047500 BBG000PWYVH7 295170
ISHARES MSCI EMR MRK EX CHNA EMXC 3.08 18882600 BBG00H5VLMJ6 193767
VANGUARD SMALL-CAP ETF VB 3.05 18701500 BBG000HT3Z79 60613
SCHWAB U.S. TIPS ETF SCHP 2.92 17909300 BBG000BGN6P5 689881
Franklin FTSE Japan ETF FLJP 2.06 12630800 BBG00J3MDY16 301740
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.96 11993000 N/A 428322
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.94 11916100 BBG01922X0X9 238608
Simplify DBi CTA Managed Futures Index ETF SDMF 1.40 8593430 BBG020BR8WR7 330307
NVIDIA CORP NVDA 1.38 8469030 BBG000BBJQV0 37590
APPLE INC AAPL 1.29 7900430 BBG000B9XRY4 25881
SPROTT PHYSICAL GOLD TRUS PHYS 1.04 6404440 BBG000Q83F79 194074
Franklin FTSE Europe ETF FLEE 0.99 6066750 BBG00J3PR1S7 151215
MICROSOFT CORP MSFT 0.93 5702690 BBG000BPH459 11477
MICRON TECHNOLOGY INC MU 0.81 4971410 BBG000C5Z1S3 5234
BHP GROUP LTD BHP 0.67 4098590 BBG000BD5NZ4 46986
AMAZON.COM INC AMZN 0.65 3956540 BBG000BVPV84 14923
CHEVRON CORP CVX 0.63 3850600 BBG000K4ND22 19477
ADVANCED MICRO DEVICES INC AMD 0.57 3499890 BBG000BBQCY0 7246
MARATHON PETROLEUM CORP MPC 0.55 3387300 BBG001DCCGR8 9505
WELLTOWER INC WELL 0.54 3303490 BBG000BKY1G5 14091
SCHLUMBERGER LTD SLB 0.51 3129330 BBG000BT41Q8 60110
Broadcom Inc. AVGO 0.51 3130310 BBG00KHY5S69 7492
OCCIDENTAL PETROLEUM CORP OXY 0.50 3036690 BBG000BQQ2S6 52629
EQT CORP EQT 0.50 3037460 BBG000BHZ5J9 56166
WILLIAMS COMPANIES INC. WMB 0.50 3045180 BBG000BWVCP8 41692
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3058640 BBG023CY9MM1 19284
Cheniere Energy Inc LNG 0.49 3017090 BBG000C3HSR0 11322
ALPHABET INC-CL A GOOGL 0.49 3028230 BBG009S39JX6 8743
CANADIAN NATURAL RESOURCES CNQ 0.48 2973860 BBG000HW5GX3 62476
REALTY INCOME CORP O 0.47 2881980 BBG000DHPN63 45782
Suncor Energy Inc. SU 0.47 2906790 BBG000BC1LY5 44426
ALPHABET INC-CL C GOOG 0.46 2832690 BBG009S3NB30 8236
META PLATFORMS INC META 0.45 2772560 BBG000MM2P62 4660
Tesla Inc. TSLA 0.44 2669710 BBG000N9MNX3 7853
PROLOGIS INC PLD 0.44 2670700 BBG000B9Z0J8 18913
WAL-MART STORES INC WMT 0.40 2477100 BBG000BWXBC2 21406
NEWMONT GOLDCORP CORPORATION COM NEM 0.38 2320910 BBG000BPWXK1 20325
INTEL CORP INTC 0.37 2278150 BBG000C0G1D1 21788
EQUINIX INC EQIX 0.37 2242050 BBG000MBDGM6 2088
AUTOMATIC DATA PROCESSING ADP 0.33 2045760 BBG000JG0547 7406
PEPSICO INC PEP 0.31 1920170 BBG000DH7JK6 13655
CISCO SYSTEMS INC CSCO 0.31 1922070 BBG000C3J3C9 16939
COSTCO WHOLESALE CORP COST 0.30 1865030 BBG000F6H8W8 1939
RIO TINTO PLC-SPON ADR RIO 0.30 1823790 BBG000FD28T3 18980
FREEPORT-MCMORAN INC FCX 0.30 1837820 BBG000BJDB15 27500
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.30 1826080 BBG000N7QR55 10201
APPLIED MATERIALS INC AMAT 0.29 1778410 BBG000BBPFB9 3327
LAM RESH CORP LRCX 0.29 1782450 BBG000BNFLM9 5289
AGNICO EAGLE MINES LTD AEM 0.28 1695930 BBG000DLVDK3 9403
CLOROX COMPANY CLX 0.27 1659360 BBG000BFS7D3 15575
DIGITAL REALTY TRUST INC DLR 0.27 1667380 BBG000Q5ZRM7 8439
SIMON PROPERTY GROUP INC SPG 0.27 1654820 BBG000BJ2D31 7472
PUBLIC STORAGE PSA 0.26 1569640 BBG000BPPN67 4775
MEDTRONIC PLC MDT 0.26 1578360 BBG000BNWG87 17425
STANLEY BLACK & DECKER INC SWK 0.26 1592840 BBG000BTQR96 15584
AO Smith Corp AOS 0.25 1550560 BBG000BC1L02 24809
AMCOR PLC COMMON STOCK USD.01 AMCR 0.25 1542780 N/A 33264
KENVUE INC KVUE 0.24 1482930 BBG01C79X561 77236
Kimberly-Clark Corp KMB 0.24 1500430 BBG000BMW2Z0 13554
HORMEL FOODS CORP HRL 0.24 1448170 BBG000BLF8D2 59254
NETFLIX INC NFLX 0.24 1496180 BBG000CL9VN6 19123
FRANKLIN RESOURCES INC BEN 0.24 1477310 BBG000BD0TF8 43630
T ROWE PRICE GROUP INC TROW 0.24 1474840 BBG000BVMPN3 13251
ABBVIE INC ABBV 0.24 1483100 BBG0025Y4RY4 5913
GENUINE PARTS CO GPC 0.23 1421990 BBG000BKL348 10506
PALO ALTO NETWORKS INC PANW 0.23 1416890 BBG0014GJCT9 3578
International Business Machines Corporation IBM 0.23 1406950 BBG000BLNNH6 5933
PPG INDUSTRIES INC PPG 0.22 1351980 BBG000BRJ809 11784
EVERSOURCE ENERGY ES 0.22 1367990 BBG000BQ87N0 18942
Ventas Inc. VTR 0.22 1323830 BBG000FRVHB9 14662
Barrick Mining Corp ABX 0.22 1321190 N/A 32295
GLENCORE PLC -UNSP ADR GLNCY 0.20 1222340 BBG001VKX1Z1 81381
ILLINOIS TOOL WORKS ITW 0.20 1207570 BBG000BMBL90 4150
SPACE EXPLORATION TECH CORP A SPCX 0.20 1233600 BBG000NQF3Z5 8731
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.19 1144540 BBG000PVRDL2 8680
NUCOR CORP NUE 0.18 1130550 BBG000BQ8KV2 4152
TEXAS INSTRUMENTS INC TXN 0.18 1115590 BBG000BVV7G1 4080
ERIE INDEMNITY COMPANY-CL A ERIE 0.18 1079860 BBG000BBTJZ1 4221
KLA CORPORATION KLAC 0.18 1127880 BBG000BMTFR4 5387
IRON MOUNTAIN INC IRM 0.17 1035370 BBG000KCZPC3 8177
LINDE PLC LIN 0.17 1013310 BBG01FND0CC1 2119
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.17 1059740 N/A 40157
AMGEN INC AMGN 0.16 968553 BBG000BBS2Y0 2318
EXTRA SPACE STORAGE INC EXR 0.16 958849 BBG000PV27K3 6418
SANDISK CORP/DE SNDKV SNDK 0.16 1000910 BBG01R388JG1 655
Crowdstrike Holdings Inc. Class A CRWD 0.16 985792 BBG00BLYKS03 4371
T-MOBILE US INC TMUS 0.15 896545 BBG000NDV1D4 4889
FRANCO-NEVADA CORP FNV 0.14 838052 BBG000TRN6Z1 3619
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 864245 BBG0113JGQF0 938
SHOPIFY INC - CLASS A SHOP 0.14 876195 BBG004DW5NB8 5527
VICI PROPERTIES INC REIT VICI 0.14 839561 BBG00HVVB499 31874
QUALCOMM INC QCOM 0.13 791816 BBG000CGC1X8 4805
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.13 817845 BBG00ZXBJ153 3681
ANALOG DEVICES INC ADI 0.13 798932 BBG000BB6G37 2096
WESTERN DIGITAL CORP WDC 0.12 727037 BBG000BWNFZ9 1492
EQUITY RESIDENTIAL EQR 0.12 706605 BBG000BG8M31 10711
GILEAD SCIENCES INC GILD 0.12 756869 BBG000CKGBP2 5479
VALE SA-SP ADR VALE 0.12 707650 BBG000BN5LG7 51279
BOOKING HOLDINGS INC BKNG 0.12 719382 BBG000BLBVN4 3372
AVALONBAY COMMUNITIES INC AVB 0.12 764146 BBG000BLPBL5 4155
ASML HOLDING NV-NY REG SHS ASML 0.12 728073 BBG000K6MRN4 394
INTUITIVE SURGICAL INC ISRG 0.10 607122 BBG000BJPDZ1 1513
FASTENAL CO FAST 0.09 580707 BBG000BJ8YN7 11311
ARM HOLDINGS PLC ARM 0.09 537794 BBG01J1GXZF0 1930
ESSEX PROPERTY TRUST INC ESS 0.09 540293 BBG000CGJMB9 1880
VERTEX PHARMACEUTICALS INC VRTX 0.09 580995 BBG000C1S2X2 1125
STARBUCKS CORP SBUX 0.09 549472 BBG000CTQBF3 5091
INVITATION HOMES INC REIT USD.01 INVH 0.09 545885 BBG00FQH6BS9 18016
Sun Communities Inc SUI 0.08 463212 BBG000BLJWF3 3854
MID-AMERICA APARTMENT COMM MAA 0.08 479497 BBG000BLMY92 3573
FORTINET INC FTNT 0.08 490033 BBG000BCMBG4 2962
W. P. CAREY REIT INC WPC 0.08 463470 BBG000BCQM58 6483
HOST HOTELS & RESORTS INC HST 0.07 430840 BBG000BL8804 18938
CONSTELLATION ENERGY CORPORATION CEG 0.07 439415 BBG014KFRNP7 1577
ADOBE SYSTEMS INC ADBE 0.07 452800 BBG000BB5006 1674
KIMCO REALTY CORP KIM 0.07 456459 BBG000CN3S73 18715
MONSTER BEVERAGE CORP MNST 0.07 403315 BBG008NVB1C0 8640
MERCADOLIBRE INC MELI 0.07 405872 BBG000GQPB11 222
INTUIT INC INTU 0.07 407017 BBG000BH5DV1 1136
CSX CORP CSX 0.07 413856 BBG000BGJRC8 8254
APPLOVIN CORP APP 0.07 427733 BBG006HFPX77 1368
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 365361 BBG000D4LWF6 5751
CADENCE DESIGN SYS INC CDNS 0.06 398561 BBG000C13CD9 1231
COMCAST CORP-CLASS A CMCSA 0.06 389951 BBG000BFT2L4 14895
Marriott International, Inc Class A MAR 0.06 392366 BBG000BGD7W6 1113
DOORDASH INC CLASS A DASH 0.06 392944 BBG005D7QCJ3 1817
ROSS STORES INC ROST 0.06 348333 BBG000BSBZH7 1422
AIRBNB INC ABNB 0.06 363410 BBG001Y2XS07 1963
REGENERON PHARMACEUTICALS REGN 0.06 378806 BBG000C734W3 470
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.06 339904 BBG022XF4SZ9 1457
CINTAS CORP CTAS 0.06 348914 BBG000H3YXF8 1743
Datadog Inc. Class A DDOG 0.06 387441 BBG003NJHZT9 1536
PACCAR INC PCAR 0.05 292290 BBG000BQVTF5 2236
Warner Bros Discovery Inc WBD 0.05 315434 BBG011386VF4 11367
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 283410 BBG000C30L48 208
NXP Semiconductors NV NXPI 0.05 291743 BBG000BND699 1258
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.05 313559 BBG000B9ZXB4 2818
SYNOPSYS INC SNPS 0.05 318694 BBG000BSFRF3 774
MCDONALDS CORP MCD 0.05 299475 BBG000BNSZP1 1100
LUMENTUM HOLDINGS INC LITE 0.05 287894 BBG0073F9RT7 327
AMERICAN ELECTRIC POWER AEP 0.05 290129 BBG000BB9KF2 2314
CONSOLIDATED EDISON INC ED 0.05 295146 BBG000BHLYS1 2723
OREILLY AUTOMOTIVE INC ORLY 0.05 308477 BBG000BGYWY6 3332
XCEL ENERGY INC XEL 0.04 240099 BBG000BCTQ65 3040
PAYPAL HOLDINGS INC PYPL 0.04 252236 BBG0077VNXV6 4163
ASTERA LABS INC ALAB 0.04 241762 BBG00TDKHW99 749
Baker Hughes Company BKR 0.04 249763 BBG00GBVBK51 3937
TERADYNE INC TER 0.04 256575 BBG000BV4DR6 625
Nebius Group NV NBIS 0.04 238972 BBG001NVJ6W4 937
AUTODESK INC ADSK 0.04 262603 BBG000BM7HL0 1018
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 227427 BBG00LBLDDR2 2702
ROCKET LAB CORP RKLB 0.04 219474 BBG01V7JN3F3 2740
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 233769 BBG00B6BFWH9 2175
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 242998 BBG020QYV152 1431
DIAMONDBACK ENERGY INC FANG 0.04 235023 BBG002PHSYX9 1178
PAYCHEX INC PAYX 0.03 192364 BBG000BQSQ38 1534
MICROCHIP TECHNOLOGY INC MCHP 0.03 183970 BBG000BHCP19 2368
ROPER TECHNOLOGIES INC ROP 0.03 181658 BBG000F1ZSN5 457
AXON ENTERPRISE INC AXON 0.03 209916 BBG000BHJWG1 341
Old Dominion Freight Line Inc. ODFL 0.03 181429 BBG000CHSS88 841
IDEXX LABS IDXX 0.03 182551 BBG000BLRT07 322
EXELON CORP EXC 0.03 177247 BBG000J6XT05 3887
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 179013 BBG000BS1YV5 740
KEURIG DR PEPPER INC KDP 0.03 177913 BBG000TJM7F0 5717
FERROVIAL SA FER 0.03 175976 BBG01H0DF657 2727.88
WORKDAY INC-CLASS A WDAY 0.03 154218 BBG000VC0T95 747
COREWEAVE INC CRWV 0.03 175272 BBG011ZTRJ21 1649
THOMSON REUTERS CORP TRI 0.03 194320 N/A 1832
KRAFT HEINZ CO/THE KHC 0.02 116469 BBG005CPNTQ2 4589
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 133092 BBG000BFGNJ5 586
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 129280 BBG01BFR8YV1 1752
COPART INC CPRT 0.02 120411 BBG000BM9RH1 4097
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.02 137143 BBG00CMNZNK7 137143
MICROSTRATEGY INC-CL A MSTR 0.02 123414 BBG000GQJPZ0 1271
DEXCOM INC DXCM 0.02 130816 BBG000QTF8K1 1430
Cash & Other Cash&Other 0.00 -16352.2 N/A -16352.2

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.