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 04/07/2026
TICKER RAA
NET ASSETS $542M
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 $27.90
30 DAY MEDIAN BID-ASK SPREAD 0.000728

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 18.26% 17.62%
RAA - Market Price 17.80% 17.60%
S&P 500 Index Total Return 16.99% 16.88%
1 MO 3 MO YTD Since Inception
RAA - NAV 1.99% 0.22% 5.06% 2.57% 4.84% - 17.62% 12.32%
RAA - Market Price 1.98% 0.23% 5.04% 2.59% 4.80% - 17.60% 12.36%
S&P 500 Index Total Return -0.76% 0.06% 0.74% 2.65% 0.68% - 16.88% 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 04/07/2026

NET ASSET VALUE

$27.90

CLOSING PRICE

$27.89

PREMIUM/DISCOUNT

0.03%
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 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2
Premium 54 47 39 35 3
Discount 5 13 16 8 1

Asset Allocation

As of 4/7/2026

Equities

47.22%
Nasdaq
20.85%
US Large Cap
16.99%
Dividend Payers
2.31%
Emerging Ex. China
2.03%
Japan
2.02%
US Small Cap
2.01%
Europe
1.01%

Fixed Income

28.09%
High Yield
6.91%
Corporate Bonds
5.91%
TIPS
3.95%
Emerging Mkt Bonds
3.94%
Long Term Treasuries
3.93%
T-Bills
3.45%

Alternatives

24.69%
Managed Futures
7.79%
Commodities
5.00%
Miners
3.04%
Energy
2.99%
Gold
2.99%
Bitcoin
1.99%
Real Estate
0.89%

Holdings

As of 04/07/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 16.99 92081100 BBG00RYR67P4 730165
iM DBi Managed Futures Strategy ETF DBMF 7.79 42217000 N/A 1387350
SCHWAB HIGH YIELD BOND ETF SCYB 6.91 37427700 BBG01F80WX71 1437320
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.91 32049700 BBG000PWYVH7 387261
INVESCO OPTIMUM YIELD DIVERS PDBC 5.00 27088900 N/A 1546170
SCHWAB U.S. TIPS ETF SCHP 3.95 21415000 BBG000BGN6P5 802359
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.94 21349300 BBG000NXKWH0 227144
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 3.93 21279300 BBG00PZFJPC3 677901
SPROTT PHYSICAL GOLD TRUS PHYS 2.99 16211900 BBG000Q83F79 455646
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.96 16043500 BBG01922X0X9 321577
ISHARES MSCI EMR MRK EX CHNA EMXC 2.03 10981700 BBG00H5VLMJ6 137391
Franklin FTSE Japan ETF FLJP 2.02 10923300 BBG00J3MDY16 297962
VANGUARD SMALL-CAP ETF VB 2.01 10881200 BBG000HT3Z79 40976
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.99 10808200 N/A 354135
NVIDIA CORP NVDA 1.82 9840920 BBG000BBJQV0 55255
APPLE INC AAPL 1.59 8610630 BBG000B9XRY4 33967
MICROSOFT CORP MSFT 1.16 6287610 BBG000BPH459 16889
Franklin FTSE Europe ETF FLEE 1.01 5450110 BBG00J3PR1S7 148061
AMAZON.COM INC AMZN 0.95 5139240 BBG000BVPV84 24041
ALPHABET INC-CL A GOOGL 0.74 4003970 BBG009S39JX6 13108
Tesla Inc. TSLA 0.73 3961170 BBG000N9MNX3 11427
WAL-MART STORES INC WMT 0.71 3868360 BBG000BWXBC2 31581
ALPHABET INC-CL C GOOG 0.69 3724050 BBG009S3NB30 12253
META PLATFORMS INC META 0.68 3680320 BBG000MM2P62 6400
Broadcom Inc. AVGO 0.67 3647290 BBG00KHY5S69 10921
BHP GROUP LTD BHP 0.61 3310390 BBG000BD5NZ4 45156
MICRON TECHNOLOGY INC MU 0.55 2987790 BBG000C5Z1S3 7913
COSTCO WHOLESALE CORP COST 0.53 2893730 BBG000F6H8W8 2856
NETFLIX INC NFLX 0.49 2647190 BBG000CL9VN6 26788
ADVANCED MICRO DEVICES INC AMD 0.43 2338030 BBG000BBQCY0 10554
CISCO SYSTEMS INC CSCO 0.40 2141570 BBG000C3J3C9 26544
NEWMONT GOLDCORP CORPORATION COM NEM 0.40 2154160 BBG000BPWXK1 18789
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.40 2171510 BBG000N7QR55 14470
CHEVRON CORP CVX 0.37 1988800 BBG000K4ND22 9868
RIO TINTO PLC-SPON ADR RIO 0.36 1964380 BBG000FD28T3 20752
APPLIED MATERIALS INC AMAT 0.34 1834260 BBG000BBPFB9 5177
LAM RESH CORP LRCX 0.34 1825760 BBG000BNFLM9 8138
INTEL CORP INTC 0.31 1702270 BBG000C0G1D1 32173
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.31 1665810 BBG000BRK7L6 24941
WILLIAMS COMPANIES INC. WMB 0.31 1654130 BBG000BWVCP8 22341
CANADIAN NATURAL RESOURCES CNQ 0.30 1652610 BBG000HW5GX3 33617
OCCIDENTAL PETROLEUM CORP OXY 0.30 1599050 BBG000BQQ2S6 25406
Cheniere Energy Inc LNG 0.30 1632280 BBG000C3HSR0 5742
AGNICO EAGLE MINES LTD AEM 0.30 1605690 BBG000DLVDK3 7660
MARATHON PETROLEUM CORP MPC 0.30 1632780 BBG001DCCGR8 6653
EQT CORP EQT 0.29 1548140 BBG000BHZ5J9 25509
SCHLUMBERGER LTD SLB 0.29 1573390 BBG000BT41Q8 31249
EXXON MOBIL CORP XOM 0.29 1579270 BBG000GZQ728 9635
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.28 1511930 BBG00CMNZNK7 1511930
T-MOBILE US INC TMUS 0.27 1443490 BBG000NDV1D4 7198
LINDE PLC LIN 0.27 1484760 BBG01FND0CC1 3002
FREEPORT-MCMORAN INC FCX 0.26 1392380 BBG000BJDB15 22916
PEPSICO INC PEP 0.25 1354070 BBG000DH7JK6 8838
GLENCORE PLC -UNSP ADR GLNCY 0.24 1324280 BBG001VKX1Z1 88702
KLA CORPORATION KLAC 0.24 1319620 BBG000BMTFR4 852
TEXAS INSTRUMENTS INC TXN 0.22 1166050 BBG000BVV7G1 5838
AMGEN INC AMGN 0.22 1184220 BBG000BBS2Y0 3483
Barrick Mining Corp. B 0.21 1144240 N/A 27652
Simplify DBi CTA Managed Futures Index ETF SDMF 0.20 1072600 BBG020BR8WR7 42454
AUTOMATIC DATA PROCESSING ADP 0.20 1057960 BBG000JG0547 5196
GILEAD SCIENCES INC GILD 0.20 1094580 BBG000CKGBP2 7886
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.19 1054990 BBG000PVRDL2 7759
INTUITIVE SURGICAL INC ISRG 0.19 1025030 BBG000BJPDZ1 2263
ANALOG DEVICES INC ADI 0.19 1015630 BBG000BB6G37 3102
FRANCO-NEVADA CORP FNV 0.18 960543 BBG000RD3CL8 3677
HONEYWELL INTERNATIONAL INC HON 0.17 915058 BBG000H556T9 4088
SHOPIFY INC - CLASS A SHOP 0.16 887783 BBG008HBD923 7584
QUALCOMM INC QCOM 0.16 860301 BBG000CGC1X8 6934
BOOKING HOLDINGS INC BKNG 0.16 867050 BBG000BLBVN4 5000
REALTY INCOME CORP O 0.15 805630 BBG000DHPN63 12946
APPLOVIN CORP APP 0.15 791328 BBG006HFPX77 1928
PALO ALTO NETWORKS INC PANW 0.15 831174 BBG0014GJCT9 4893
VALE SA-SP ADR VALE 0.15 816135 BBG000BN5LG7 50441
ASML HOLDING NV-NY REG SHS ASML 0.14 739451 BBG000K6MRN4 566
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.14 773981 N/A 34864
WESTERN DIGITAL CORP WDC 0.13 704406 BBG000BWNFZ9 2258
CONSTELLATION ENERGY CORPORATION CEG 0.13 696169 BBG014KFRNP7 2554
VERTEX PHARMACEUTICALS INC VRTX 0.13 695726 BBG000C1S2X2 1611
WELLTOWER INC WELL 0.13 706740 BBG000BKY1G5 3506
INTUIT INC INTU 0.13 712997 BBG000BH5DV1 1738
STARBUCKS CORP SBUX 0.13 681037 BBG000CTQBF3 7153
COMCAST CORP-CLASS A CMCSA 0.12 640115 BBG000BFT2L4 23034
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.12 656677 BBG0113JGQF0 1401
Crowdstrike Holdings Inc. Class A CRWD 0.12 653890 BBG00BLYKS03 1545
PROLOGIS INC PLD 0.12 644252 BBG000B9Z0J8 4836
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.11 598199 BBG00ZXBJ153 5469
ADOBE SYSTEMS INC ADBE 0.11 620522 BBG000BB5006 2584
KENVUE INC KVUE 0.10 522143 BBG01C79X561 31210
Kimberly-Clark Corp KMB 0.10 519963 BBG000BMW2Z0 5588
MEDTRONIC PLC MDT 0.10 534162 BBG000BNWG87 6181
ILLINOIS TOOL WORKS ITW 0.10 535177 BBG000BMBL90 2066
T ROWE PRICE GROUP INC TROW 0.10 526130 BBG000BVMPN3 5897
MERCADOLIBRE INC MELI 0.10 534886 BBG000GQPB11 307
AMCOR PLC COMMON STOCK USD.01 AMCR 0.10 536246 N/A 13735.8
Marriott International, Inc Class A MAR 0.10 553646 BBG000BGD7W6 1673
CLOROX COMPANY CLX 0.10 536529 BBG000BFS7D3 5207
FRANKLIN RESOURCES INC BEN 0.10 540282 BBG000BD0TF8 22720
EVERSOURCE ENERGY ES 0.10 540771 BBG000BQ87N0 7782
AO Smith Corp AOS 0.09 504469 BBG000BC1L02 7859
MONDELEZ INTERNATIONAL INC-A MDLZ 0.09 485844 BBG000D4LWF6 8448
GENUINE PARTS CO GPC 0.09 466968 BBG000BKL348 4497
HORMEL FOODS CORP HRL 0.09 506327 BBG000BLF8D2 23605
CADENCE DESIGN SYS INC CDNS 0.09 498033 BBG000C13CD9 1782
EQUINIX INC EQIX 0.09 492565 BBG000MBDGM6 489
MONSTER BEVERAGE CORP MNST 0.09 466296 BBG008NVB1C0 6437
STANLEY BLACK & DECKER INC SWK 0.09 512906 BBG000BTQR96 7584
CSX CORP CSX 0.09 492152 BBG000BGJRC8 11882
SYNOPSYS INC SNPS 0.09 473103 BBG000BSFRF3 1189
OREILLY AUTOMOTIVE INC ORLY 0.09 490420 BBG000BGYWY6 5368
AMERICAN ELECTRIC POWER AEP 0.09 469208 BBG000BB9KF2 3530
REGENERON PHARMACEUTICALS REGN 0.09 486573 BBG000C734W3 640
Warner Bros Discovery Inc WBD 0.08 438933 BBG011386VF4 16037
Baker Hughes Company BKR 0.08 409089 BBG00GBVBK51 6679
PPG INDUSTRIES INC PPG 0.08 453946 BBG000BRJ809 4440
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.08 426230 BBG00LBLDDR2 4282
ROSS STORES INC ROST 0.08 449122 BBG000BSBZH7 2076
ABBVIE INC ABBV 0.08 423265 BBG0025Y4RY4 2051
CINTAS CORP CTAS 0.08 431490 BBG000H3YXF8 2534
PACCAR INC PCAR 0.07 393015 BBG000BQVTF5 3325
MONOLITHIC POWER SYSTEMS INC MPWR 0.07 369278 BBG000C30L48 310
International Business Machines Corporation IBM 0.07 405836 BBG000BLNNH6 1656
DIAMONDBACK ENERGY INC FANG 0.07 372623 BBG002PHSYX9 1906
SIMON PROPERTY GROUP INC SPG 0.07 382093 BBG000BJ2D31 2005
J M Smucker Co COM STK NPV SJM 0.07 405786 BBG000BT1715 4310
DOORDASH INC CLASS A DASH 0.07 401287 BBG005D7QCJ3 2574
FORTINET INC FTNT 0.07 391475 BBG000BCMBG4 4676
DIGITAL REALTY TRUST INC DLR 0.07 375968 BBG000Q5ZRM7 2061
XCEL ENERGY INC XEL 0.06 321355 BBG000BCTQ65 3990
PUBLIC STORAGE PSA 0.06 332016 BBG000BPPN67 1189
FASTENAL CO FAST 0.06 332259 BBG000BJ8YN7 7280
EXELON CORP EXC 0.06 328439 BBG000J6XT05 6696
AUTODESK INC ADSK 0.06 308033 BBG000BM7HL0 1311
FERROVIAL SE FER 0.06 299456 BBG01H7CZ9S9 4516
ELECTRONIC ARTS INC EA 0.06 326932 BBG000BP0KQ8 1603
AIRBNB INC ABNB 0.06 332545 BBG001Y2XS07 2661
NXP Semiconductors NV NXPI 0.06 313753 BBG000BND699 1608
Cash & Other Cash&Other 0.05 291010 N/A 291010
Ventas Inc. VTR 0.05 272834 BBG000FRVHB9 3262
PAYPAL HOLDINGS INC PYPL 0.05 255221 BBG0077VNXV6 5688
Old Dominion Freight Line Inc. ODFL 0.05 266367 BBG000CHSS88 1339
MICROSTRATEGY INC-CL A MSTR 0.05 257709 BBG000GQJPZ0 2083
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.05 276753 BBG00B6BFWH9 2972
IDEXX LABS IDXX 0.05 297746 BBG000BLRT07 518
THOMSON REUTERS CORP COMMON STOCK TRI 0.05 253409 N/A 2865
ALNYLAM PHARMACEUTICALS INC ALNY 0.05 259131 BBG000BFGNJ5 811
INSMED INC INSM 0.04 201016 BBG000BWM5P3 1233
PAYCHEX INC PAYX 0.04 210520 BBG000BQSQ38 2298
ROPER TECHNOLOGIES INC ROP 0.04 238981 BBG000F1ZSN5 666
MICROCHIP TECHNOLOGY INC MCHP 0.04 225888 BBG000BHCP19 3346
CINCINNATI FINANCIAL CORP CINF 0.04 224572 BBG000BFPK65 1402
AXON ENTERPRISE INC AXON 0.04 195384 BBG000BHJWG1 524
COGNIZANT TECH SOLUTIONS-A CTSH 0.04 191111 BBG000BBDV81 3108
COPART INC CPRT 0.04 201441 BBG000BM9RH1 6084
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 199079 BBG01BFR8YV1 2855
AVALONBAY COMMUNITIES INC AVB 0.04 221404 BBG000BLPBL5 1320
Datadog Inc. Class A DDOG 0.04 241471 BBG003NJHZT9 2072
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 224311 BBG000BS1YV5 1131
KEURIG DR PEPPER INC KDP 0.04 230121 BBG000TJM7F0 9035
VICI PROPERTIES INC REIT VICI 0.04 217074 BBG00HVVB499 7800
EXTRA SPACE STORAGE INC EXR 0.04 218171 BBG000PV27K3 1641
KRAFT HEINZ CO/THE KHC 0.03 174406 BBG005CPNTQ2 7524
IRON MOUNTAIN INC IRM 0.03 164845 BBG000KCZPC3 1574
EQUITY RESIDENTIAL EQR 0.03 162928 BBG000BG8M31 2706
DEXCOM INC DXCM 0.03 156071 BBG000QTF8K1 2473
CONSOLIDATED EDISON INC ED 0.03 146165 BBG000BHLYS1 1277
Zscaler Inc. ZS 0.03 135696 BBG003338H34 955
VERISK ANALYTICS INC VRSK 0.03 160366 BBG000BCZL41 886
CHARTER COMMUNICATIONS INC-A CHTR 0.03 183964 BBG000VPGNR2 822
WORKDAY INC-CLASS A WDAY 0.03 163978 BBG000VC0T95 1286
Sun Communities Inc SUI 0.02 107645 BBG000BLJWF3 848
AIR PRODUCTS & CHEMICALS INC APD 0.02 107892 BBG000BC4JJ4 369
COSTAR GROUP INC CSGP 0.02 108728 BBG000D7JKW9 2754
ESSEX PROPERTY TRUST INC ESS 0.02 109004 BBG000CGJMB9 439
Omega Healthcare Investors Inc OHI 0.02 109738 BBG000BGBTC2 2415
INVITATION HOMES INC REIT USD.01 INVH 0.02 109884 BBG00FQH6BS9 4289
MCDONALDS CORP MCD 0.02 104564 BBG000BNSZP1 343
W. P. CAREY REIT INC WPC 0.02 111344 BBG000BCQM58 1570
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.02 106514 BBG000B9ZXB4 1046
MID-AMERICA APARTMENT COMM MAA 0.02 108265 BBG000BLMY92 871
KIMCO REALTY CORP KIM 0.02 107406 BBG000CN3S73 4742
ATLASSIAN CORP PLC-CLASS A TEAM 0.01 63468.6 BBG01BGWHFR5 979
ASTRAZENECA PLC AZNCF 0.00 602.43 BBG000D3MHB4 3

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.