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 11/11/2026
TICKER RAA
NET ASSETS $605M
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 $29.70
30 DAY MEDIAN BID-ASK SPREAD 0.000673

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 11/11/2026

NET ASSET VALUE

$29.70

CLOSING PRICE

$29.70

PREMIUM/DISCOUNT

0.00%
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 9
Discount 16 8 14 21 15

Asset Allocation

As of 11/11/2026

Equities

56.59%
Nasdaq
27.11%
US Large Cap
20.32%
Dividend Payers
3.10%
US Small Cap
2.06%
Emerging Ex. China
2.00%
Europe
1.00%
Japan
1.00%

Fixed Income

20.17%
High Yield
5.05%
Corporate Bonds
5.01%
Emerging Mkt Bonds
3.02%
TIPS
3.00%
T-Bills
2.09%
Long Term Treasuries
2.00%

Alternatives

23.18%
Managed Futures
7.86%
Commodities
5.51%
Energy
3.67%
Miners
2.12%
Bitcoin
1.95%
Real Estate
1.04%
Gold
1.03%

Holdings

As of 11/11/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 20.32 122920000 BBG00RYR67P4 2534440
iM DBi Managed Futures Strategy ETF DBMF 6.09 36870700 N/A 1157640
INVESCO OPTIMUM YIELD DIVERS PDBC 5.51 33351400 N/A 1817520
SCHWAB HIGH YIELD BOND ETF SCYB 5.05 30582500 BBG01F80WX71 1214070
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.01 30330000 BBG000PWYVH7 382471
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.02 18288000 BBG000NXKWH0 198631
SCHWAB U.S. TIPS ETF SCHP 2.97 17988900 BBG000BGN6P5 709903
APPLE INC AAPL 2.23 13480200 BBG000B9XRY4 37934
Vanguard Morningstar Small-Cap ETF VB 2.06 12439100 BBG000HT3Z79 42108
ISHARES MSCI EMR MRK EX CHNA EMXC 2.05 12393500 BBG00H5VLMJ6 136327
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.01 12187300 BBG01922X0X9 244185
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.00 12074400 BBG00PZFJPC3 409718
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.95 11795500 N/A 357764
NVIDIA CORP NVDA 1.88 11360600 BBG000BBJQV0 65392
Simplify DBi CTA Managed Futures Index ETF SDMF 1.77 10714900 BBG020BR8WR7 403585
MICROSOFT CORP MSFT 1.68 10193700 BBG000BPH459 19561
AMAZON.COM INC AMZN 1.25 7544860 BBG000BVPV84 28346
ADVANCED MICRO DEVICES INC AMD 1.21 7296070 BBG000BBQCY0 13196
MICRON TECHNOLOGY INC MU 1.08 6559360 BBG000C5Z1S3 8085
SPROTT PHYSICAL GOLD TRUS PHYS 1.03 6244000 BBG000Q83F79 207442
Franklin FTSE Europe ETF FLEE 1.03 6225040 BBG00J3PR1S7 159647
Franklin FTSE Japan ETF FLJP 1.00 6072610 BBG00J3MDY16 154598
Tesla Inc. TSLA 0.89 5376790 BBG000N9MNX3 13757
META PLATFORMS INC META 0.81 4896230 BBG000MM2P62 7787
Broadcom Inc. AVGO 0.75 4551380 BBG00KHY5S69 13184
ALPHABET INC-CL A GOOGL 0.75 4550530 BBG009S39JX6 15507
SPACE EXPLORATION TECH CORP A SPCX 0.74 4492680 BBG000NQF3Z5 32148
WAL-MART STORES INC WMT 0.70 4260090 BBG000BWXBC2 33899
ALPHABET INC-CL C GOOG 0.70 4214430 BBG009S3NB30 14501
INTEL CORP INTC 0.56 3376310 BBG000C0G1D1 54021
COSTCO WHOLESALE CORP COST 0.56 3370500 BBG000F6H8W8 3099
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.50 3009070 BBG000N7QR55 17454
CISCO SYSTEMS INC CSCO 0.49 2934530 BBG000C3J3C9 29124
CHEVRON CORP CVX 0.46 2754080 BBG000K4ND22 12913
BHP GROUP LTD BHP 0.44 2651930 BBG000BD5NZ4 32317
APPLIED MATERIALS INC AMAT 0.40 2424610 BBG000BBPFB9 6137
SCHLUMBERGER LTD SLB 0.39 2331570 BBG000BT41Q8 45753
EQT CORP EQT 0.38 2312410 BBG000BHZ5J9 43887
WILLIAMS COMPANIES INC. WMB 0.38 2270360 BBG000BWVCP8 32942
Cheniere Energy Inc LNG 0.37 2254900 BBG000C3HSR0 7405
LAM RESH CORP LRCX 0.37 2253830 BBG000BNFLM9 9555
MARATHON PETROLEUM CORP MPC 0.37 2222070 BBG001DCCGR8 5516
OCCIDENTAL PETROLEUM CORP OXY 0.36 2179870 BBG000BQQ2S6 38083
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.36 2168560 BBG023CY9MM1 13008
CANADIAN NATURAL RESOURCES CNQ 0.35 2123540 BBG000HW5GX3 43435
TEXAS INSTRUMENTS INC TXN 0.35 2088740 BBG000BVV7G1 6742
Suncor Energy Inc. SU 0.35 2123520 BBG000BC1LY5 30789
PALO ALTO NETWORKS INC PANW 0.33 2024550 BBG0014GJCT9 6053
NETFLIX INC NFLX 0.31 1897020 BBG000CL9VN6 29393
PEPSICO INC PEP 0.30 1833220 BBG000DH7JK6 12736
AMGEN INC AMGN 0.29 1753070 BBG000BBS2Y0 3745
Crowdstrike Holdings Inc. Class A CRWD 0.29 1739710 BBG00BLYKS03 7595
AUTOMATIC DATA PROCESSING ADP 0.29 1756670 BBG000JG0547 5734
LINDE PLC LIN 0.28 1671270 BBG01FND0CC1 3174
Kimberly-Clark Corp KMB 0.27 1647580 BBG000BMW2Z0 15134.8
NEWMONT GOLDCORP CORPORATION COM NEM 0.27 1642470 BBG000BPWXK1 13864
KLA CORPORATION KLAC 0.27 1611870 BBG000BMTFR4 10011
QUALCOMM INC QCOM 0.25 1514090 BBG000CGC1X8 8575
ANALOG DEVICES INC ADI 0.25 1520960 BBG000BB6G37 3718
GILEAD SCIENCES INC GILD 0.24 1436260 BBG000CKGBP2 8462
SHOPIFY INC - CLASS A SHOP 0.23 1410510 BBG004DW5NB8 9450
AGNICO EAGLE MINES LTD AEM 0.21 1247790 BBG000DLVDK3 6710
INTUITIVE SURGICAL INC ISRG 0.20 1189460 BBG000BJPDZ1 2646
SANDISK CORP/DE SNDKV SNDK 0.20 1217220 BBG01R388JG1 1245
T-MOBILE US INC TMUS 0.20 1194790 BBG000NDV1D4 6940
FREEPORT-MCMORAN INC FCX 0.19 1153510 BBG000BJDB15 18569
RIO TINTO PLC-SPON ADR RIO 0.19 1138850 BBG000FD28T3 13403
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.19 1172990 BBG00ZXBJ153 6949
REALTY INCOME CORP O 0.18 1075420 BBG000DHPN63 18053
CLOROX COMPANY CLX 0.18 1092860 BBG000BFS7D3 10227
ASML HOLDING NV-NY REG SHS ASML 0.18 1075630 BBG000K6MRN4 701
FRANKLIN RESOURCES INC BEN 0.17 1055020 BBG000BD0TF8 29064
STANLEY BLACK & DECKER INC SWK 0.17 1021850 BBG000BTQR96 8838
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.17 1010750 BBG0113JGQF0 1832
MEDTRONIC PLC MDT 0.16 955032 BBG000BNWG87 9399
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.16 938692 BBG000B9ZXB4 8589
T ROWE PRICE GROUP INC TROW 0.16 971415 BBG000BVMPN3 8776
VERTEX PHARMACEUTICALS INC VRTX 0.16 953473 BBG000C1S2X2 1743
APPLOVIN CORP APP 0.16 964972 BBG006HFPX77 2384
AO Smith Corp AOS 0.15 928252 BBG000BC1L02 14367
WESTERN DIGITAL CORP WDC 0.15 895127 BBG000BWNFZ9 2857
HORMEL FOODS CORP HRL 0.15 935465 BBG000BLF8D2 42618
WELLTOWER INC WELL 0.15 888481 BBG000BKY1G5 3592
ILLINOIS TOOL WORKS ITW 0.15 936030 BBG000BMBL90 3242
STARBUCKS CORP SBUX 0.15 897801 BBG000CTQBF3 8170
GENUINE PARTS CO GPC 0.14 871942 BBG000BKL348 7046
GLENCORE PLC -UNSP ADR GLNCY 0.14 837429 BBG001VKX1Z1 61621
BOOKING HOLDINGS INC BKNG 0.14 855201 BBG000BLBVN4 5338
Barrick Mining Corp. B 0.14 843344 N/A 21591
AMCOR PLC COMMON STOCK USD.01 AMCR 0.14 858725 N/A 19345
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.13 789618 BBG000PVRDL2 5824
PPG INDUSTRIES INC PPG 0.13 764691 BBG000BRJ809 6119
Marriott International, Inc Class A MAR 0.13 781966 BBG000BGD7W6 1822
EVERSOURCE ENERGY ES 0.13 814032 BBG000BQ87N0 11540
International Business Machines Corporation IBM 0.13 764518 BBG000BLNNH6 3080
NUCOR CORP NUE 0.12 704969 BBG000BQ8KV2 2697
ARM HOLDINGS PLC ARM 0.12 733926 BBG01J1GXZF0 3609
CONSTELLATION ENERGY CORPORATION CEG 0.12 702759 BBG014KFRNP7 2558
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.12 698149 N/A 26914
CADENCE DESIGN SYS INC CDNS 0.11 673666 BBG000C13CD9 2046
REGENERON PHARMACEUTICALS REGN 0.11 638008 BBG000C734W3 665
MODERNA INC MRNA 0.11 683898 BBG003PHHZT1 2750
MONSTER BEVERAGE CORP MNST 0.11 642909 BBG008NVB1C0 14161
ADOBE SYSTEMS INC ADBE 0.11 692604 BBG000BB5006 2915
INTUIT INC INTU 0.11 670546 BBG000BH5DV1 1957
CSX CORP CSX 0.11 667174 BBG000BGJRC8 12855
SYNOPSYS INC SNPS 0.11 663604 BBG000BSFRF3 1436
FORTINET INC FTNT 0.11 690331 BBG000BCMBG4 5389
EQUINIX INC EQIX 0.10 575684 BBG000MBDGM6 539
ERIE INDEMNITY COMPANY-CL A ERIE 0.10 614855 BBG000BBTJZ1 2259
COMCAST CORP-CLASS A CMCSA 0.10 596076 BBG000BFT2L4 23824
FRANCO-NEVADA CORP FNV 0.10 610457 BBG000TRN6Z1 2454
PROLOGIS INC PLD 0.10 613872 BBG000B9Z0J8 4721
CINTAS CORP CTAS 0.10 622238 BBG000H3YXF8 2738
MONOLITHIC POWER SYSTEMS INC MPWR 0.09 527892 BBG000C30L48 357
ROSS STORES INC ROST 0.09 573258 BBG000BSBZH7 2376
AIRBNB INC ABNB 0.09 534152 BBG001Y2XS07 2949
MERCADOLIBRE INC MELI 0.09 562471 BBG000GQPB11 372
DOORDASH INC CLASS A DASH 0.09 541910 BBG005D7QCJ3 3040
MONDELEZ INTERNATIONAL INC-A MDLZ 0.09 561814 BBG000D4LWF6 8423
ROPER TECHNOLOGIES INC ROP 0.08 495375 BBG000F1ZSN5 1037
NXP Semiconductors NV NXPI 0.08 511530 BBG000BND699 1898
OREILLY AUTOMOTIVE INC ORLY 0.08 493352 BBG000BGYWY6 5449
Datadog Inc. Class A DDOG 0.08 482154 BBG003NJHZT9 2615
SIMON PROPERTY GROUP INC SPG 0.08 458467 BBG000BJ2D31 1953
AMERICAN ELECTRIC POWER AEP 0.08 478465 BBG000BB9KF2 3703
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.08 501263 BBG022XF4SZ9 2202
LUMENTUM HOLDINGS INC LITE 0.08 482157 BBG0073F9RT7 744
PUBLIC STORAGE PSA 0.07 438799 BBG000BPPN67 1307
FASTENAL CO FAST 0.07 451245 BBG000BJ8YN7 8132
VALE SA-SP ADR VALE 0.07 434945 BBG000BN5LG7 37560
DIGITAL REALTY TRUST INC DLR 0.07 432720 BBG000Q5ZRM7 2389
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.07 406440 BBG00CMNZNK7 406440
HONEYWELL AEROSPACE INC HONAV HONAV 0.07 401956 BBG020QYV152 2371
XCEL ENERGY INC XEL 0.06 368681 BBG000BCTQ65 4546
PAYPAL HOLDINGS INC PYPL 0.06 379839 BBG0077VNXV6 6386
ASTERA LABS INC ALAB 0.06 334589 BBG00TDKHW99 1449
EXELON CORP EXC 0.06 357810 BBG000J6XT05 7845
IDEXX LABS IDXX 0.06 378696 BBG000BLRT07 539
KEURIG DR PEPPER INC KDP 0.06 389768 BBG000TJM7F0 10190
FERROVIAL SA FER 0.06 332859 BBG01H0DF657 5430.88
PACCAR INC PCAR 0.06 386348 BBG000BQVTF5 3573
DIAMONDBACK ENERGY INC FANG 0.06 361578 BBG002PHSYX9 2011
AUTODESK INC ADSK 0.06 383515 BBG000BM7HL0 1475
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.06 364710 BBG00LBLDDR2 4616
MICROSTRATEGY INC-CL A MSTR 0.06 345516 BBG000GQJPZ0 2824
Ventas Inc. VTR 0.06 386726 BBG000FRVHB9 4277
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 375652 BBG00B6BFWH9 3187
Vivmark Residential VMRK 0.06 378732 BBG000BG8M31 5860
IRON MOUNTAIN INC IRM 0.05 295691 BBG000KCZPC3 2630
Baker Hughes Company BKR 0.05 328231 BBG00GBVBK51 6643
TERADYNE INC TER 0.05 301395 BBG000BV4DR6 1134
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 293995 BBG000BS1YV5 1271
Nebius Group NV NBIS 0.05 310927 BBG001NVJ6W4 2010
THOMSON REUTERS CORP TRI 0.05 278496 N/A 2559
ROCKET LAB CORP RKLB 0.05 297873 BBG01V7JN3F3 4503
PAYCHEX INC PAYX 0.05 311268 BBG000BQSQ38 2698
MICROCHIP TECHNOLOGY INC MCHP 0.04 247029 BBG000BHCP19 3976
Old Dominion Freight Line Inc. ODFL 0.04 238870 BBG000CHSS88 1401
EXTRA SPACE STORAGE INC EXR 0.04 254418 BBG000PV27K3 1598
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 262585 BBG01BFR8YV1 3179
WORKDAY INC-CLASS A WDAY 0.04 234936 BBG000VC0T95 1229
VICI PROPERTIES INC REIT VICI 0.04 248228 BBG00HVVB499 9953
DEXCOM INC DXCM 0.04 236295 BBG000QTF8K1 2941
AXON ENTERPRISE INC AXON 0.03 179159 BBG000BHJWG1 568
AIR PRODUCTS & CHEMICALS INC APD 0.03 182174 BBG000BC4JJ4 578
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 171040 BBG000BFGNJ5 1070
ABBVIE INC ABBV 0.03 181413 BBG0025Y4RY4 615
COREWEAVE INC CRWV 0.03 205828 BBG011ZTRJ21 3387
COPART INC CPRT 0.03 193567 BBG000BM9RH1 6017
CONSOLIDATED EDISON INC ED 0.03 185340 BBG000BHLYS1 1555
MCDONALDS CORP MCD 0.03 192360 BBG000BNSZP1 700
REGENCY CENTERS CORP REG 0.02 123259 BBG000BL46Q4 1618
HOST HOTELS & RESORTS INC HST 0.02 123976 BBG000BL8804 4809
Omega Healthcare Investors Inc OHI 0.02 123957 BBG000BGBTC2 2576
ESSEX PROPERTY TRUST INC ESS 0.02 124944 BBG000CGJMB9 456
MID-AMERICA APARTMENT COMM MAA 0.02 121499 BBG000BLMY92 1028
KIMCO REALTY CORP KIM 0.02 127101 BBG000CN3S73 4961
INVITATION HOMES INC REIT USD.01 INVH 0.02 122304 BBG00FQH6BS9 4550
W. P. CAREY REIT INC WPC 0.02 122094 BBG000BCQM58 1883
Cash & Other Cash&Other -0.01 -43237.4 N/A -43237.4

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.