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 06/16/2025
TICKER RAA
NET ASSETS $432M
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 $25.34
30 DAY MEDIAN BID-ASK SPREAD 0.000804

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 3.00% - -0.25% - - - -0.68% -
RAA - Market Price 3.04% - -0.44% - - - -0.48% -
S&P 500 Index Total Return -6.29% - -0.37% - 1.06% - -0.39% -
RAA 2025
NAV N/A
MARKET PRICE N/A
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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

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 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Premium 0 0 0 23 46
Discount 0 0 0 0 5

Holdings

As of 06/16/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 19.13 82636100 BBG00RYR67P4 715278
Schwab High Yield Bond ETF SCYB 9.86 42607100 BBG01F80WX71 1626840
INVESCO OPTIMUM YIELD DIVERS PDBC 6.37 27532300 N/A 2033410
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.91 25538800 BBG000PWYVH7 313283
iM DBi Managed Futures Strategy ETF DBMF 5.00 21594000 N/A 842527
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.96 21446900 BBG000NXKWH0 235654
SCHWAB U.S. TIPS ETF SCHP 3.90 16829900 BBG000BGN6P5 640163
GRAYSCALE BITCN MINI TRU ETF BTC.UP 3.07 13250100 N/A 275070
SPROTT PHYSICAL GOLD TRUS PHYS 3.04 13125500 BBG000Q83F79 506579
Franklin FTSE Europe ETF FLEE 2.98 12883500 BBG00J3PR1S7 377594
VANGUARD SMALL-CAP ETF VB 2.00 8639840 BBG000HT3Z79 37183
ISHARES MSCI GLOBAL METALS & PICK 1.99 8604330 BBG002GKR8T5 231829
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.96 8466230 BBG01922X0X9 169596
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.95 8430350 BBG00PZFJPC3 272298
NVIDIA CORP NVDA 1.71 7404660 BBG000BBJQV0 51176
MICROSOFT CORP MSFT 1.67 7232140 BBG000BPH459 15094
APPLE INC AAPL 1.41 6082170 BBG000B9XRY4 30653
AMAZON.COM INC AMZN 1.09 4695420 BBG000BVPV84 21728
ISHARES MSCI EMR MRK EX CHNA EMXC 1.02 4387300 BBG00H5VLMJ6 71536
Franklin FTSE Japan ETF FLJP 0.98 4233150 BBG00J3MDY16 133791
Broadcom Inc. AVGO 0.93 4016200 BBG00KHY5S69 15931
META PLATFORMS INC META 0.72 3130750 BBG000MM2P62 4459
NETFLIX INC NFLX 0.60 2584260 BBG000CL9VN6 2109
Tesla Inc. TSLA 0.57 2483940 BBG000N9MNX3 7547
ALPHABET INC-CL A GOOGL 0.49 2118060 BBG009S39JX6 11982
COSTCO WHOLESALE CORP COST 0.49 2098660 BBG000F6H8W8 2132
ALPHABET INC-CL C GOOG 0.47 2009650 BBG009S3NB30 11294
PEPSICO INC PEP 0.41 1762730 BBG000DH7JK6 13414
Palantir Technologies Inc. Class A PLTR 0.36 1540800 BBG000N7QR55 10896
CHEVRON CORP CVX 0.33 1405680 BBG000K4ND22 9626
CISCO SYSTEMS INC CSCO 0.30 1307780 BBG000C3J3C9 19963
T-MOBILE US INC TMUS 0.30 1294470 BBG000NDV1D4 5604
LINDE PLC LIN 0.25 1097910 BBG01FND0CC1 2353
INTUIT INC INTU 0.25 1079920 BBG000BH5DV1 1406
ADVANCED MICRO DEVICES INC AMD 0.24 1051560 BBG000BBQCY0 8320
REALTY INCOME CORP O 0.23 983837 BBG000DHPN63 17143
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.22 963432 BBG000BRK7L6 23689
EXXON MOBIL CORP XOM 0.22 935609 BBG000GZQ728 8318
CANADIAN NATURAL RESOURCES CNQ 0.22 929561 BBG000HW5GX3 27898
OCCIDENTAL PETROLEUM CORP OXY 0.22 941685 BBG000BQQ2S6 20774
ARCHER-DANIELS-MIDLAND CO ADM 0.22 951754 BBG000BB6WG8 17573
ALBEMARLE CORP ALB 0.22 932200 BBG000BJ26K7 15292
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.21 922441 BBG00CMNZNK7 922441
EQT CORP EQT 0.21 897330 BBG000BHZ5J9 15426
AMCOR PLC AMCR 0.21 921160 BBG00LNJRQ09 100235
INTUITIVE SURGICAL INC ISRG 0.21 928563 BBG000BJPDZ1 1789
TEXAS INSTRUMENTS INC TXN 0.21 924182 BBG000BVV7G1 4639
SCHLUMBERGER LTD SLB 0.21 917788 BBG000BT41Q8 25558
FRANKLIN RESOURCES INC BEN 0.21 894229 BBG000BD0TF8 39255
ILLINOIS TOOL WORKS ITW 0.20 846041 BBG000BMBL90 3461
STANLEY BLACK & DECKER INC SWK 0.20 857051 BBG000BTQR96 13035
GENERAL DYNAMICS CORP GD 0.20 853510 BBG000BK67C7 3056
ADOBE SYSTEMS INC ADBE 0.20 869745 BBG000BB5006 2165
BOOKING HOLDINGS INC BKNG 0.20 859046 BBG000BLBVN4 160
ABBVIE INC ABBV 0.20 869940 BBG0025Y4RY4 4558
MARATHON PETROLEUM CORP MPC 0.20 881099 BBG001DCCGR8 5283
EVERSOURCE ENERGY ES 0.20 843180 BBG000BQ87N0 13101
QUALCOMM INC QCOM 0.20 885531 BBG000CGC1X8 5645
MEDTRONIC PLC MDT 0.20 875683 BBG000BNWG87 9960
TARGET CORP TGT 0.20 874480 BBG000H8TVT2 8981
T ROWE PRICE GROUP INC TROW 0.20 846347 BBG000BVMPN3 9080
GENUINE PARTS CO GPC 0.19 805784 BBG000BKL348 6687
Cheniere Energy Inc LNG 0.19 835623 BBG000C3HSR0 3577
WILLIAMS COMPANIES INC. WMB 0.19 829520 BBG000BWVCP8 14024
C.H. ROBINSON WORLDWIDE INC CHRW 0.19 828408 BBG000BTCH57 8826
International Business Machines Corporation IBM 0.19 835626 BBG000BLNNH6 2965
AMGEN INC AMGN 0.18 778210 BBG000BBS2Y0 2633
HONEYWELL INTERNATIONAL INC HON 0.17 725379 BBG000H556T9 3237
APPLIED MATERIALS INC AMAT 0.17 736567 BBG000BBPFB9 4172
GILEAD SCIENCES INC GILD 0.16 694572 BBG000CKGBP2 6267
SHOPIFY INC - CLASS A SHOP 0.16 677638 BBG008HBD923 6253
MICRON TECHNOLOGY INC MU 0.16 682369 BBG000C5Z1S3 5694
J M Smucker Co COM STK NPV SJM 0.16 712244 BBG000BT1715 7469
LAM RESH CORP LRCX 0.15 627342 BBG000BNFLM9 6716
PALO ALTO NETWORKS INC PANW 0.15 636527 BBG0014GJCT9 3213
COMCAST CORP-CLASS A CMCSA 0.15 655363 BBG000BFT2L4 18666
MERCADOLIBRE INC MELI 0.14 603871 BBG000GQPB11 246
KLA CORPORATION KLAC 0.14 611280 BBG000BMTFR4 685
AUTOMATIC DATA PROCESSING ADP 0.14 618899 BBG000JG0547 2010
VERTEX PHARMACEUTICALS INC VRTX 0.13 578067 BBG000C1S2X2 1282
APPLOVIN CORP APP 0.13 576778 BBG006HFPX77 1556
Crowdstrike Holdings Inc. Class A CRWD 0.13 546984 BBG00BLYKS03 1141
ANALOG DEVICES INC ADI 0.13 579964 BBG000BB6G37 2502
PROLOGIS INC PLD 0.13 563967 BBG000B9Z0J8 5330
CINCINNATI FINANCIAL CORP CINF 0.12 519758 BBG000BFPK65 3543
STARBUCKS CORP SBUX 0.12 531621 BBG000CTQBF3 5687
WELLTOWER INC WELL 0.12 500528 BBG000BKY1G5 3324
MICROSTRATEGY INC-CL A MSTR 0.11 456789 BBG000GQJPZ0 1195
CONSTELLATION ENERGY CORPORATION CEG 0.11 481112 BBG014KFRNP7 1562
INTEL CORP INTC 0.11 465115 BBG000C0G1D1 22426
DOORDASH INC CLASS A DASH 0.10 431708 BBG005D7QCJ3 1947
EQUINIX INC EQIX 0.10 441411 BBG000MBDGM6 497
MONDELEZ INTERNATIONAL INC-A MDLZ 0.10 432765 BBG000D4LWF6 6439
CINTAS CORP CTAS 0.10 442048 BBG000H3YXF8 1987
OREILLY AUTOMOTIVE INC ORLY 0.09 369047 BBG000BGYWY6 4188
CADENCE DESIGN SYS INC CDNS 0.09 406695 BBG000C13CD9 1352
HORMEL FOODS CORP HRL 0.09 385495 BBG000BLF8D2 12731
FORTINET INC FTNT 0.09 390978 BBG000BCMBG4 3835
REGENERON PHARMACEUTICALS REGN 0.08 336083 BBG000C734W3 643
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.08 346916 BBG00LBLDDR2 3375
SYNOPSYS INC SNPS 0.08 366269 BBG000BSFRF3 764
DIGITAL REALTY TRUST INC DLR 0.08 349303 BBG000Q5ZRM7 1984
PAYPAL HOLDINGS INC PYPL 0.08 360939 BBG0077VNXV6 4995
ASML HOLDING NV-NY REG SHS ASML 0.08 348854 BBG000K6MRN4 450
Marriott International, Inc Class A MAR 0.08 354884 BBG000BGD7W6 1376
AIRBNB INC ABNB 0.07 297746 BBG001Y2XS07 2170
NXP Semiconductors NV NXPI 0.07 282354 BBG000BND699 1298
AXON ENTERPRISE INC AXON 0.07 288826 BBG000BHJWG1 370
AUTODESK INC ADSK 0.07 319652 BBG000BM7HL0 1068
MONSTER BEVERAGE CORP MNST 0.07 309882 BBG008NVB1C0 4851
ROPER TECHNOLOGIES INC ROP 0.07 294143 BBG000F1ZSN5 520
SIMON PROPERTY GROUP INC SPG 0.07 313984 BBG000BJ2D31 1989
CSX CORP CSX 0.07 306031 BBG000BGJRC8 9399
AO Smith Corp AOS 0.06 241650 BBG000BC1L02 3757
PACCAR INC PCAR 0.06 242132 BBG000BQVTF5 2612
CHARTER COMMUNICATIONS INC-A CHTR 0.06 268289 BBG000VPGNR2 715
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.06 253089 BBG00ZXBJ153 3594
WORKDAY INC-CLASS A WDAY 0.06 254002 BBG000VC0T95 1034
PAYCHEX INC PAYX 0.06 274472 BBG000BQSQ38 1786
FASTENAL CO FAST 0.06 240641 BBG000BJ8YN7 5697
AMERICAN ELECTRIC POWER AEP 0.06 268023 BBG000BB9KF2 2630
CONSOLIDATED EDISON INC ED 0.06 264441 BBG000BHLYS1 2602
PUBLIC STORAGE PSA 0.06 266282 BBG000BPPN67 904
Zscaler Inc. ZS 0.05 213514 BBG003338H34 700
COPART INC CPRT 0.05 235175 BBG000BM9RH1 4860
IDEXX LABS IDXX 0.05 210979 BBG000BLRT07 399
VERISK ANALYTICS INC VRSK 0.05 216629 BBG000BCZL41 700
ROSS STORES INC ROST 0.05 214037 BBG000BSBZH7 1632
ATLASSIAN CORP PLC-CLASS A TEAM 0.04 161859 BBG01BGWHFR5 808
EXELON CORP EXC 0.04 153435 BBG000J6XT05 3595
XCEL ENERGY INC XEL 0.04 190018 BBG000BCTQ65 2845
DIAMONDBACK ENERGY INC FANG 0.04 169456 BBG002PHSYX9 1122
KEURIG DR PEPPER INC KDP 0.04 168247 BBG000TJM7F0 5083
Baker Hughes Company BKR 0.04 164382 BBG00GBVBK51 4216
VICI PROPERTIES INC REIT VICI 0.04 184002 BBG00HVVB499 5725
INVITATION HOMES INC REIT USD.01 INVH 0.04 189632 BBG00FQH6BS9 5681
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 160898 BBG00B6BFWH9 1734
EXTRA SPACE STORAGE INC EXR 0.04 176827 BBG000PV27K3 1187
Ventas Inc. VTR 0.04 163269 BBG000FRVHB9 2599
AVALONBAY COMMUNITIES INC AVB 0.04 180489 BBG000BLPBL5 871
IRON MOUNTAIN INC IRM 0.04 151982 BBG000KCZPC3 1489
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.03 127724 BBG01BFR8YV1 1753
Warner Bros Discovery Inc WBD 0.03 113938 BBG011386VF4 10589
ELECTRONIC ARTS INC EA 0.03 142487 BBG000BP0KQ8 943
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 141251 BBG000BS1YV5 592
Datadog Inc. Class A DDOG 0.03 131197 BBG003NJHZT9 1076
TRADE DESK INC/THE -CLASS A TTD 0.03 114367 BBG00629NGT2 1628
COSTAR GROUP INC CSGP 0.03 115945 BBG000D7JKW9 1415
Old Dominion Freight Line Inc. ODFL 0.03 126922 BBG000CHSS88 796
MICROCHIP TECHNOLOGY INC MCHP 0.03 137880 BBG000BHCP19 2022
MCDONALDS CORP MCD 0.03 114072 BBG000BNSZP1 385
EQUITY RESIDENTIAL EQR 0.03 133087 BBG000BG8M31 1926
Alexandria Real Estate Equitie ARE 0.03 147096 BBG000BC33T9 2025
DEXCOM INC DXCM 0.03 108066 BBG000QTF8K1 1302
ASTRAZENECA PLC-SPONS ADR AZN 0.03 147394 BBG000BZ0DK8 2004
COGNIZANT TECH SOLUTIONS-A CTSH 0.03 139621 BBG000BBDV81 1742
ARM HOLDINGS PLC ARM 0.02 92610.1 BBG01J1GXZF0 652
ANSYS INC ANSS 0.02 85081.5 BBG000GXZ4W7 251
GLOBALFOUNDRIES INC GFS 0.02 76215.2 BBG000C2L5G9 2027
HEALTHPEAK PROPERTIES INC DOC 0.02 87739.7 BBG000BKYDP9 5119
CDW CORP/DE CDW 0.02 68250.6 BBG001P63B80 396
ON Semiconductor Corporation ON 0.02 88093.8 BBG000DV7MX4 1635
LULULEMON ATHLETICA INC LULU 0.02 98203 BBG000R8ZVD1 407
Sun Communities Inc SUI 0.02 76586.9 BBG000BLJWF3 622
UDR INC UDR 0.02 88164.7 BBG000C41023 2142
MID-AMERICA APARTMENT COMM MAA 0.02 72821.1 BBG000BLMY92 487
ESSEX PROPERTY TRUST INC ESS 0.02 78701.4 BBG000CGJMB9 276
KRAFT HEINZ CO/THE KHC 0.02 107054 BBG005CPNTQ2 4151
BIOGEN INC BIIB 0.01 64209.6 BBG000C17X76 490
NEXTERA ENERGY INC NEE 0.00 442.68 BBG000BJSBJ0 6
Kimberly-Clark Corp KMB 0.00 1045.36 BBG000BMW2Z0 8
Cash & Other Cash&Other -0.40 -1717590 N/A -1717590

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.