RAA

SMI 3FOURTEEN REAL ASSET ALLOCATION ETF

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 02/19/2026
TICKER RAA
NET ASSETS $544M
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 $28.44
30 DAY MEDIAN BID-ASK SPREAD 0.000703

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 N/A N/A N/A N/A
RAA - Market Price N/A N/A N/A N/A
S&P 500 Index Total Return N/A N/A N/A N/A
1 MO 3 MO YTD Since Inception
RAA - NAV 2.61% 0.22% 3.25% 2.57% 2.61% - 15.24% 12.32%
RAA - Market Price 2.76% 0.23% 3.18% 2.59% 2.76% - 15.47% 12.36%
S&P 500 Index Total Return 1.45% 0.06% 1.76% 2.65% 1.45% - 17.87% 16.19%
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 02/19/2026

NET ASSET VALUE

$28.44

CLOSING PRICE

$28.43

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 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Premium 23 54 47 39 20
Discount 0 5 13 16 4

Asset Allocation

As of 2/19/2026

Equities

49.37%
Nasdaq
20.14%
US Large Cap
13.77%
Dividend Payers
4.10%
US Small Cap
4.09%
Japan
3.17%
Emerging Ex. China
2.08%
Europe
2.02%

Fixed Income

28.20%
High Yield
7.90%
Long Term Treasuries
6.11%
Corporate Bonds
6.00%
Emerging Mkt Bonds
4.01%
TIPS
2.99%
T-Bills
1.19%

Alternatives

22.43%
Miners
5.29%
Managed Futures
5.19%
Gold
4.12%
Commodities
2.97%
Energy
2.16%
Bitcoin
1.60%
Real Estate
1.10%

Holdings

As of 02/19/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 13.77 74870300 BBG00RYR67P4 571922
SCHWAB HIGH YIELD BOND ETF SCYB 7.90 42971200 BBG01F80WX71 1620330
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 6.11 33207500 BBG00PZFJPC3 1023660
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.00 32647500 BBG000PWYVH7 386270
iM DBi Managed Futures Strategy ETF DBMF 5.19 28209600 N/A 921581
SPROTT PHYSICAL GOLD TRUS PHYS 4.12 22430300 BBG000Q83F79 592768
VANGUARD SMALL-CAP ETF VB 4.09 22218500 BBG000HT3Z79 79868
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.01 21829300 BBG000NXKWH0 223776
Franklin FTSE Japan ETF FLJP 3.17 17264100 BBG00J3MDY16 441876
SCHWAB U.S. TIPS ETF SCHP 2.99 16273700 BBG000BGN6P5 607002
INVESCO OPTIMUM YIELD DIVERS PDBC 2.97 16175700 N/A 1113260
ISHARES MSCI EMR MRK EX CHNA EMXC 2.08 11335900 BBG00H5VLMJ6 134823
Franklin FTSE Europe ETF FLEE 2.02 10999100 BBG00J3PR1S7 281307
NVIDIA CORP NVDA 1.78 9657680 BBG000BBJQV0 51398
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.60 8692370 N/A 292771
APPLE INC AAPL 1.49 8127490 BBG000B9XRY4 31190
MICROSOFT CORP MSFT 1.29 7023650 BBG000BPH459 17627
ISHARES MSCI GLOBAL METALS & PICK 1.25 6787790 BBG002GKR8T5 112754
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 0.99 5389200 BBG01922X0X9 107881
AMAZON.COM INC AMZN 0.87 4712600 BBG000BVPV84 23004
Tesla Inc. TSLA 0.70 3814490 BBG000N9MNX3 9265
META PLATFORMS INC META 0.69 3734570 BBG000MM2P62 5792
ALPHABET INC-CL A GOOGL 0.69 3727180 BBG009S39JX6 12307
WAL-MART STORES INC WMT 0.65 3535070 BBG000BWXBC2 28310
ALPHABET INC-CL C GOOG 0.64 3463620 BBG009S3NB30 11410
Broadcom Inc. AVGO 0.62 3376300 BBG00KHY5S69 10109
BHP GROUP LTD BHP 0.61 3298500 BBG000BD5NZ4 43939
ISHARES MSCI GLOBAL GOLD MIN RING 0.54 2962470 BBG002GKR6T9 32807
MICRON TECHNOLOGY INC MU 0.51 2768280 BBG000C5Z1S3 6633
COSTCO WHOLESALE CORP COST 0.48 2637480 BBG000F6H8W8 2670
NEWMONT GOLDCORP CORPORATION COM NEM 0.43 2342970 BBG000BPWXK1 18684
FREEPORT-MCMORAN INC FCX 0.42 2294880 BBG000BJDB15 36677
AGNICO EAGLE MINES LTD AEM 0.39 2102610 BBG000DLVDK3 9367
ADVANCED MICRO DEVICES INC AMD 0.37 2014380 BBG000BBQCY0 9905
NETFLIX INC NFLX 0.36 1940780 BBG000CL9VN6 25205
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.35 1923530 BBG000N7QR55 14260
CHEVRON CORP CVX 0.34 1865170 BBG000K4ND22 10094
CISCO SYSTEMS INC CSCO 0.34 1828960 BBG000C3J3C9 23281
RIO TINTO PLC-SPON ADR RIO 0.34 1870340 BBG000FD28T3 19414
LAM RESH CORP LRCX 0.32 1730100 BBG000BNFLM9 7288
APPLIED MATERIALS INC AMAT 0.31 1668670 BBG000BBPFB9 4512
Barrick Mining Corp. B 0.28 1514860 N/A 31202
FASTENAL CO FAST 0.27 1473360 BBG000BJ8YN7 31884
AUTOMATIC DATA PROCESSING ADP 0.27 1479390 BBG000JG0547 6850
T-MOBILE US INC TMUS 0.25 1346060 BBG000NDV1D4 6252
PEPSICO INC PEP 0.24 1302070 BBG000DH7JK6 7911
REALTY INCOME CORP O 0.24 1278560 BBG000DHPN63 19520
Kimberly-Clark Corp KMB 0.24 1279820 BBG000BMW2Z0 11776
LINDE PLC LIN 0.24 1330160 BBG01FND0CC1 2714
INTEL CORP INTC 0.23 1277870 BBG000C0G1D1 28639
CANADIAN NATURAL RESOURCES CNQ 0.23 1244360 BBG000HW5GX3 29279
OCCIDENTAL PETROLEUM CORP OXY 0.23 1238990 BBG000BQQ2S6 24044
STANLEY BLACK & DECKER INC SWK 0.23 1238590 BBG000BTQR96 13822
FRANCO-NEVADA CORP FNV 0.22 1170270 BBG000RD3CL8 4590
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.22 1172310 BBG000PVRDL2 8066
AMGEN INC AMGN 0.22 1194840 BBG000BBS2Y0 3182
CLOROX COMPANY CLX 0.22 1174050 BBG000BFS7D3 9606
WILLIAMS COMPANIES INC. WMB 0.22 1169800 BBG000BWVCP8 16209
ILLINOIS TOOL WORKS ITW 0.22 1218770 BBG000BMBL90 4148
MARATHON PETROLEUM CORP MPC 0.22 1218310 BBG001DCCGR8 6201
EXXON MOBIL CORP XOM 0.22 1173340 BBG000GZQ728 7772
AMCOR PLC COMMON STOCK USD.01 AMCR 0.22 1218530 N/A 24601.8
KENVUE INC KVUE 0.21 1162630 BBG01C79X561 62306
TEXAS INSTRUMENTS INC TXN 0.21 1155660 BBG000BVV7G1 5300
EQT CORP EQT 0.21 1122840 BBG000BHZ5J9 18786
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.21 1163430 BBG000BRK7L6 20483
SCHLUMBERGER LTD SLB 0.21 1159440 BBG000BT41Q8 22496
Cheniere Energy Inc LNG 0.21 1154020 BBG000C3HSR0 5102
AIR PRODUCTS & CHEMICALS INC APD 0.21 1119510 BBG000BC4JJ4 3988
KLA CORPORATION KLAC 0.21 1156810 BBG000BMTFR4 787
HORMEL FOODS CORP HRL 0.20 1082210 BBG000BLF8D2 44082
GLENCORE PLC -UNSP ADR GLNCY 0.20 1083210 BBG001VKX1Z1 79356
INTUITIVE SURGICAL INC ISRG 0.20 1073490 BBG000BJPDZ1 2149
VALE SA-SP ADR VALE 0.20 1108610 BBG000BN5LG7 68858
FRANKLIN RESOURCES INC BEN 0.20 1112860 BBG000BD0TF8 40854
GILEAD SCIENCES INC GILD 0.20 1087310 BBG000CKGBP2 7195
ANALOG DEVICES INC ADI 0.20 1069390 BBG000BB6G37 3097
MEDTRONIC PLC MDT 0.19 1021170 BBG000BNWG87 10465
ABBVIE INC ABBV 0.19 1046370 BBG0025Y4RY4 4664
EVERSOURCE ENERGY ES 0.19 1034920 BBG000BQ87N0 14048
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.19 1016900 N/A 41388
T ROWE PRICE GROUP INC TROW 0.18 967001 BBG000BVMPN3 10248
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.18 997979 BBG00CMNZNK7 997979
GENUINE PARTS CO GPC 0.17 907331 BBG000BKL348 7601
SHOPIFY INC - CLASS A SHOP 0.17 909311 BBG008HBD923 7345
HONEYWELL INTERNATIONAL INC HON 0.16 849918 BBG000H556T9 3530
QUALCOMM INC QCOM 0.16 890707 BBG000CGC1X8 6305
APPLOVIN CORP APP 0.15 813700 BBG006HFPX77 1975
WELLTOWER INC WELL 0.14 776709 BBG000BKY1G5 3734
BOOKING HOLDINGS INC BKNG 0.14 765423 BBG000BLBVN4 191
PROLOGIS INC PLD 0.14 771394 BBG000B9Z0J8 5548
VERTEX PHARMACEUTICALS INC VRTX 0.13 703436 BBG000C1S2X2 1499
STARBUCKS CORP SBUX 0.13 702980 BBG000CTQBF3 7338
ASML HOLDING NV-NY REG SHS ASML 0.13 698828 BBG000K6MRN4 479
WESTERN DIGITAL CORP WDC 0.12 636237 BBG000BWNFZ9 2235
COMCAST CORP-CLASS A CMCSA 0.12 652704 BBG000BFT2L4 20800
PALO ALTO NETWORKS INC PANW 0.12 635970 BBG0014GJCT9 4212
CONSTELLATION ENERGY CORPORATION CEG 0.12 625611 BBG014KFRNP7 2145
ADOBE SYSTEMS INC ADBE 0.12 650099 BBG000BB5006 2508
INTUIT INC INTU 0.12 670747 BBG000BH5DV1 1758
Crowdstrike Holdings Inc. Class A CRWD 0.12 655161 BBG00BLYKS03 1552
International Business Machines Corporation IBM 0.12 647876 BBG000BLNNH6 2528
MERCADOLIBRE INC MELI 0.11 612941 BBG000GQPB11 307
CADENCE DESIGN SYS INC CDNS 0.10 567377 BBG000C13CD9 1913
EQUINIX INC EQIX 0.10 548064 BBG000MBDGM6 597
Marriott International, Inc Class A MAR 0.10 537431 BBG000BGD7W6 1536
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.10 541885 BBG0113JGQF0 1325
MONSTER BEVERAGE CORP MNST 0.10 550317 BBG008NVB1C0 6712
TARGET CORP TGT 0.10 563958 BBG000H8TVT2 4876
CSX CORP CSX 0.10 547133 BBG000BGJRC8 13127
SYNOPSYS INC SNPS 0.10 530927 BBG000BSFRF3 1200
CINCINNATI FINANCIAL CORP CINF 0.09 514646 BBG000BFPK65 3169
REGENERON PHARMACEUTICALS REGN 0.09 464175 BBG000C734W3 594
DIGITAL REALTY TRUST INC DLR 0.09 474092 BBG000Q5ZRM7 2680
ROSS STORES INC ROST 0.09 469490 BBG000BSBZH7 2343
OREILLY AUTOMOTIVE INC ORLY 0.09 511249 BBG000BGYWY6 5429
MONDELEZ INTERNATIONAL INC-A MDLZ 0.08 448596 BBG000D4LWF6 7650
PACCAR INC PCAR 0.08 434902 BBG000BQVTF5 3482
SIMON PROPERTY GROUP INC SPG 0.08 435789 BBG000BJ2D31 2182
Warner Bros Discovery Inc WBD 0.08 421616 BBG011386VF4 14778
DOORDASH INC CLASS A DASH 0.08 426732 BBG005D7QCJ3 2422
CINTAS CORP CTAS 0.08 460676 BBG000H3YXF8 2327
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.08 414688 BBG00ZXBJ153 5209
AO Smith Corp AOS 0.07 372368 BBG000BC1L02 4793
PUBLIC STORAGE PSA 0.07 391334 BBG000BPPN67 1311
NXP Semiconductors NV NXPI 0.07 401086 BBG000BND699 1728
FORTINET INC FTNT 0.07 365065 BBG000BCMBG4 4470
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.07 407596 BBG00LBLDDR2 3998
AMERICAN ELECTRIC POWER AEP 0.07 404651 BBG000BB9KF2 3151
ELECTRONIC ARTS INC EA 0.07 369378 BBG000BP0KQ8 1848
Ventas Inc. VTR 0.06 318755 BBG000FRVHB9 3729
MONOLITHIC POWER SYSTEMS INC MPWR 0.06 319660 BBG000C30L48 272
Baker Hughes Company BKR 0.06 349085 BBG00GBVBK51 5580
PPG INDUSTRIES INC PPG 0.06 333187 BBG000BRJ809 2697
AIRBNB INC ABNB 0.06 317041 BBG001Y2XS07 2520
IDEXX LABS IDXX 0.06 302750 BBG000BLRT07 480
FERROVIAL SE FER 0.06 310069 BBG01H7CZ9S9 4333
AUTODESK INC ADSK 0.06 306078 BBG000BM7HL0 1336
DIAMONDBACK ENERGY INC FANG 0.06 345072 BBG002PHSYX9 1975
XCEL ENERGY INC XEL 0.05 279071 BBG000BCTQ65 3453
EXELON CORP EXC 0.05 278572 BBG000J6XT05 5882
AXON ENTERPRISE INC AXON 0.05 283199 BBG000BHJWG1 642
Old Dominion Freight Line Inc. ODFL 0.05 267968 BBG000CHSS88 1373
EXTRA SPACE STORAGE INC EXR 0.05 262816 BBG000PV27K3 1799
VICI PROPERTIES INC REIT VICI 0.05 247533 BBG00HVVB499 8287
ALNYLAM PHARMACEUTICALS INC ALNY 0.05 269120 BBG000BFGNJ5 793
Datadog Inc. Class A DDOG 0.05 254587 BBG003NJHZT9 2111
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.05 284575 BBG00B6BFWH9 2718
INSMED INC INSM 0.04 195937 BBG000BWM5P3 1217
ROPER TECHNOLOGIES INC ROP 0.04 203184 BBG000F1ZSN5 612
MICROCHIP TECHNOLOGY INC MCHP 0.04 240816 BBG000BHCP19 3121
PAYPAL HOLDINGS INC PYPL 0.04 234105 BBG0077VNXV6 5610
PAYCHEX INC PAYX 0.04 194745 BBG000BQSQ38 2109
IRON MOUNTAIN INC IRM 0.04 220518 BBG000KCZPC3 2039
COGNIZANT TECH SOLUTIONS-A CTSH 0.04 229220 BBG000BBDV81 3527
COSTAR GROUP INC CSGP 0.04 197458 BBG000D7JKW9 4024
VERISK ANALYTICS INC VRSK 0.04 230046 BBG000BCZL41 1251
Zscaler Inc. ZS 0.04 241487 BBG003338H34 1429
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 240033 BBG000BS1YV5 1192
THOMSON REUTERS CORP COMMON STOCK TRI 0.04 234020 N/A 2748
KEURIG DR PEPPER INC KDP 0.04 230908 BBG000TJM7F0 7935
COPART INC CPRT 0.04 212007 BBG000BM9RH1 5631
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 226783 BBG01BFR8YV1 2732
DEXCOM INC DXCM 0.04 237479 BBG000QTF8K1 3286
CONSOLIDATED EDISON INC ED 0.04 229100 BBG000BHLYS1 2047
MCDONALDS CORP MCD 0.04 215238 BBG000BNSZP1 658
AVALONBAY COMMUNITIES INC AVB 0.04 221430 BBG000BLPBL5 1247
MICROSTRATEGY INC-CL A MSTR 0.04 215923 BBG000GQJPZ0 1668
KRAFT HEINZ CO/THE KHC 0.03 160565 BBG005CPNTQ2 6693
EQUITY RESIDENTIAL EQR 0.03 181458 BBG000BG8M31 2878
CHARTER COMMUNICATIONS INC-A CHTR 0.03 149343 BBG000VPGNR2 645
WORKDAY INC-CLASS A WDAY 0.03 188187 BBG000VC0T95 1344
Sun Communities Inc SUI 0.02 119196 BBG000BLJWF3 922
ATLASSIAN CORP PLC-CLASS A TEAM 0.02 119587 BBG01BGWHFR5 1490
ESSEX PROPERTY TRUST INC ESS 0.02 96937.8 BBG000CGJMB9 381
Omega Healthcare Investors Inc OHI 0.02 115581 BBG000BGBTC2 2484
MID-AMERICA APARTMENT COMM MAA 0.02 119807 BBG000BLMY92 887
KIMCO REALTY CORP KIM 0.02 129574 BBG000CN3S73 5741
INVITATION HOMES INC REIT USD.01 INVH 0.02 106983 BBG00FQH6BS9 4166
W. P. CAREY REIT INC WPC 0.02 127660 BBG000BCQM58 1778
Cash & Other Cash&Other -0.02 -84049.6 N/A -84049.6

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.