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 09/23/2026
TICKER RAA
NET ASSETS $610M
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 $30.25
30 DAY MEDIAN BID-ASK SPREAD 0.000664

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 18.28% NA NA 16.03%
RAA - Market Price 18.32% NA NA 16.08%
S&P 500 Index Total Return NA NA NA 19.83%
1 MO 3 MO YTD Since Inception
RAA - NAV 3.57% -2.77% 0.55% 7.07% 11.47% 7.79% 16.03% 15.31%
RAA - Market Price 3.57% -2.70% 0.61% 7.15% 11.50% 7.83% 16.08% 15.38%
S&P 500 Index Total Return 2.72% -0.95% 1.68% 15.20% 13.14% 10.21% 19.83% 20.23%
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 09/23/2026

NET ASSET VALUE

$30.25

CLOSING PRICE

$30.25

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 29
Discount 13 16 8 14 20

Asset Allocation

As of 9/23/2026

Equities

46.38%
Nasdaq
17.60%
US Large Cap
15.14%
Dividend Payers
5.72%
US Small Cap
3.89%
Emerging Ex. China
2.05%
Japan
1.01%
Europe
0.97%

Fixed Income

24.62%
Corporate Bonds
6.86%
High Yield
5.90%
Emerging Mkt Bonds
3.93%
TIPS
3.93%
Long Term Treasuries
2.94%
T-Bills
1.06%

Alternatives

29.00%
Commodities
7.38%
Managed Futures
5.19%
Energy
4.88%
Gold
3.85%
Miners
3.78%
Real Estate
2.84%
Bitcoin
1.08%

Holdings

As of 09/23/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.14 92419000 BBG00RYR67P4 1877670
INVESCO OPTIMUM YIELD DIVERS PDBC 7.38 45039400 N/A 2296760
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.86 41878800 BBG000PWYVH7 529174
SCHWAB HIGH YIELD BOND ETF SCYB 5.90 36016800 BBG01F80WX71 1410210
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.93 23969800 BBG000NXKWH0 258685
SCHWAB U.S. TIPS ETF SCHP 3.93 23978200 BBG000BGN6P5 946633
Vanguard Morningstar Small-Cap ETF VB 3.89 23767100 BBG000HT3Z79 82049
SPROTT PHYSICAL GOLD TRUS PHYS 3.85 23470400 BBG000Q83F79 724842
iM DBi Managed Futures Strategy ETF DBMF 3.73 22787100 N/A 702007
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.94 17939800 BBG00PZFJPC3 612489
ISHARES MSCI EMR MRK EX CHNA EMXC 2.05 12534900 BBG00H5VLMJ6 124812
NVIDIA CORP NVDA 1.47 8951620 BBG000BBJQV0 39695
Simplify DBi CTA Managed Futures Index ETF SDMF 1.46 8888520 BBG020BR8WR7 328232
APPLE INC AAPL 1.36 8299450 BBG000B9XRY4 24626
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.08 6576260 N/A 175930
MICROSOFT CORP MSFT 1.02 6221830 BBG000BPH459 12429
Franklin FTSE Japan ETF FLJP 1.01 6193460 BBG00J3MDY16 150108
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.01 6138240 BBG01922X0X9 122863
Franklin FTSE Europe ETF FLEE 0.97 5894850 BBG00J3PR1S7 153752
MICRON TECHNOLOGY INC MU 0.89 5405490 BBG000C5Z1S3 5043
BHP GROUP LTD BHP 0.79 4805280 BBG000BD5NZ4 56566
ADVANCED MICRO DEVICES INC AMD 0.75 4548110 BBG000BBQCY0 7400
AMAZON.COM INC AMZN 0.74 4546680 BBG000BVPV84 18240
CHEVRON CORP CVX 0.67 4113080 BBG000K4ND22 20014
META PLATFORMS INC META 0.60 3637160 BBG000MM2P62 4888
ALPHABET INC-CL A GOOGL 0.55 3350940 BBG009S39JX6 9919
MARATHON PETROLEUM CORP MPC 0.52 3184330 BBG001DCCGR8 8199
Suncor Energy Inc. SU 0.51 3139720 BBG000BC1LY5 46186
ALPHABET INC-CL C GOOG 0.51 3113970 BBG009S3NB30 9296
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3073850 BBG023CY9MM1 19065
Tesla Inc. TSLA 0.49 2998010 BBG000N9MNX3 7887
CANADIAN NATURAL RESOURCES CNQ 0.48 2939960 BBG000HW5GX3 61712
OCCIDENTAL PETROLEUM CORP OXY 0.48 2936370 BBG000BQQ2S6 51192
WILLIAMS COMPANIES INC. WMB 0.48 2910180 BBG000BWVCP8 40925
EQT CORP EQT 0.47 2884430 BBG000BHZ5J9 56491
Cheniere Energy Inc LNG 0.47 2868800 BBG000C3HSR0 10485
INTEL CORP INTC 0.46 2815630 BBG000C0G1D1 22966
NEWMONT GOLDCORP CORPORATION COM NEM 0.45 2773940 BBG000BPWXK1 22452
Broadcom Inc. AVGO 0.45 2775670 BBG00KHY5S69 7819
SCHLUMBERGER LTD SLB 0.43 2623640 BBG000BT41Q8 50581
WELLTOWER INC WELL 0.40 2458690 BBG000BKY1G5 10696
WAL-MART STORES INC WMT 0.40 2439730 BBG000BWXBC2 22073
REALTY INCOME CORP O 0.39 2384450 BBG000DHPN63 42878
RIO TINTO PLC-SPON ADR RIO 0.37 2273710 BBG000FD28T3 23871
FREEPORT-MCMORAN INC FCX 0.37 2234300 BBG000BJDB15 30784
AUTOMATIC DATA PROCESSING ADP 0.36 2177470 BBG000JG0547 8258
PROLOGIS INC PLD 0.33 2004850 BBG000B9Z0J8 14966
AGNICO EAGLE MINES LTD AEM 0.33 2014370 BBG000DLVDK3 10300
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.33 2013410 BBG000N7QR55 10498
CISCO SYSTEMS INC CSCO 0.31 1914460 BBG000C3J3C9 17988
MEDTRONIC PLC MDT 0.30 1806450 BBG000BNWG87 20229
COSTCO WHOLESALE CORP COST 0.30 1850110 BBG000F6H8W8 2045
AO Smith Corp AOS 0.29 1779260 BBG000BC1L02 30815
PEPSICO INC PEP 0.29 1797000 BBG000DH7JK6 13804
FRANKLIN RESOURCES INC BEN 0.29 1759900 BBG000BD0TF8 53803
STANLEY BLACK & DECKER INC SWK 0.29 1755370 BBG000BTQR96 19130
ILLINOIS TOOL WORKS ITW 0.29 1797460 BBG000BMBL90 6574
LAM RESH CORP LRCX 0.29 1750880 BBG000BNFLM9 5698
GENUINE PARTS CO GPC 0.28 1698990 BBG000BKL348 13195
KENVUE INC KVUE 0.28 1717310 BBG01C79X561 97188
APPLIED MATERIALS INC AMAT 0.28 1734330 BBG000BBPFB9 3656
EQUINIX INC EQIX 0.28 1710060 BBG000MBDGM6 1648
T ROWE PRICE GROUP INC TROW 0.28 1736070 BBG000BVMPN3 16602
ABBVIE INC ABBV 0.28 1729910 BBG0025Y4RY4 6526
AMCOR PLC COMMON STOCK USD.01 AMCR 0.28 1706690 N/A 39876
Kimberly-Clark Corp KMB 0.27 1661000 BBG000BMW2Z0 17001
HORMEL FOODS CORP HRL 0.27 1675830 BBG000BLF8D2 84128
GLENCORE PLC -UNSP ADR GLNCY 0.26 1564280 BBG001VKX1Z1 107437
CLOROX COMPANY CLX 0.26 1568340 BBG000BFS7D3 18684
PPG INDUSTRIES INC PPG 0.25 1497690 BBG000BRJ809 13971
Barrick Mining Corp. B 0.25 1508900 N/A 35512
EVERSOURCE ENERGY ES 0.24 1461320 BBG000BQ87N0 22513
International Business Machines Corporation IBM 0.24 1472440 BBG000BLNNH6 6326
NETFLIX INC NFLX 0.23 1383670 BBG000CL9VN6 19390
PALO ALTO NETWORKS INC PANW 0.23 1433970 BBG0014GJCT9 3646
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.22 1363010 BBG000PVRDL2 9371
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.21 1287220 N/A 47728
SPACE EXPLORATION TECH CORP A SPCX 0.21 1286280 BBG000NQF3Z5 8670
NUCOR CORP NUE 0.20 1210940 BBG000BQ8KV2 4903
TEXAS INSTRUMENTS INC TXN 0.19 1130280 BBG000BVV7G1 4146
KLA CORPORATION KLAC 0.19 1132800 BBG000BMTFR4 6030
DIGITAL REALTY TRUST INC DLR 0.19 1167630 BBG000Q5ZRM7 6435
SANDISK CORP/DE SNDKV SNDK 0.19 1173500 BBG01R388JG1 646
Crowdstrike Holdings Inc. Class A CRWD 0.19 1162570 BBG00BLYKS03 4429
SIMON PROPERTY GROUP INC SPG 0.19 1182090 BBG000BJ2D31 5790
ERIE INDEMNITY COMPANY-CL A ERIE 0.18 1082790 BBG000BBTJZ1 4796
FRANCO-NEVADA CORP FNV 0.18 1093470 BBG000TRN6Z1 4191
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.18 1075430 BBG00ZXBJ153 4122
Vivmark Residential VMRK 0.18 1103710 BBG000BG8M31 18007.9
PUBLIC STORAGE PSA 0.17 1045420 BBG000BPPN67 3646
AMGEN INC AMGN 0.16 1003850 BBG000BBS2Y0 2472
LINDE PLC LIN 0.16 1000030 BBG01FND0CC1 2129
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.16 952660 BBG0113JGQF0 1032
Ventas Inc. VTR 0.16 993328 BBG000FRVHB9 11465
QUALCOMM INC QCOM 0.15 922294 BBG000CGC1X8 4676
VALE SA-SP ADR VALE 0.15 897816 BBG000BN5LG7 64965
GILEAD SCIENCES INC GILD 0.14 857662 BBG000CKGBP2 5666
T-MOBILE US INC TMUS 0.14 828631 BBG000NDV1D4 5002
ANALOG DEVICES INC ADI 0.14 860219 BBG000BB6G37 2233
WESTERN DIGITAL CORP WDC 0.13 765483 BBG000BWNFZ9 1616
IRON MOUNTAIN INC IRM 0.13 820822 BBG000KCZPC3 7132
SHOPIFY INC - CLASS A SHOP 0.13 819309 BBG004DW5NB8 5756
ASML HOLDING NV-NY REG SHS ASML 0.12 724013 BBG000K6MRN4 415
INTUITIVE SURGICAL INC ISRG 0.11 645644 BBG000BJPDZ1 1621
ARM HOLDINGS PLC ARM 0.11 647162 BBG01J1GXZF0 1946
EXTRA SPACE STORAGE INC EXR 0.11 670672 BBG000PV27K3 5011
VERTEX PHARMACEUTICALS INC VRTX 0.10 603085 BBG000C1S2X2 1168
VICI PROPERTIES INC REIT VICI 0.10 606388 BBG00HVVB499 25586
FORTINET INC FTNT 0.10 587340 BBG000BCMBG4 3286
BOOKING HOLDINGS INC BKNG 0.09 565138 BBG000BLBVN4 3625
ROPER TECHNOLOGIES INC ROP 0.08 486526 BBG000F1ZSN5 1328
STARBUCKS CORP SBUX 0.08 499036 BBG000CTQBF3 5301
ESSEX PROPERTY TRUST INC ESS 0.07 414854 BBG000CGJMB9 1517
CONSTELLATION ENERGY CORPORATION CEG 0.07 436194 BBG014KFRNP7 1653
Marriott International, Inc Class A MAR 0.07 438520 BBG000BGD7W6 1247
ADOBE SYSTEMS INC ADBE 0.07 440463 BBG000BB5006 1830
MONSTER BEVERAGE CORP MNST 0.07 402172 BBG008NVB1C0 9159
MERCADOLIBRE INC MELI 0.07 426420 BBG000GQPB11 237
APPLOVIN CORP APP 0.07 454275 BBG006HFPX77 1441
CSX CORP CSX 0.07 408901 BBG000BGJRC8 8665
CADENCE DESIGN SYS INC CDNS 0.06 374308 BBG000C13CD9 1211
Warner Bros Discovery Inc WBD 0.06 356785 BBG011386VF4 11599
HOST HOTELS & RESORTS INC HST 0.06 360115 BBG000BL8804 16258
HEALTHPEAK PROPERTIES INC DOC 0.06 336609 BBG000BKYDP9 16436
AIR PRODUCTS & CHEMICALS INC APD 0.06 343790 BBG000BC4JJ4 1198
COMCAST CORP-CLASS A CMCSA 0.06 373202 BBG000BFT2L4 16550
ROSS STORES INC ROST 0.06 348630 BBG000BSBZH7 1490
KIMCO REALTY CORP KIM 0.06 345121 BBG000CN3S73 15539
REGENERON PHARMACEUTICALS REGN 0.06 380063 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.06 358288 BBG005D7QCJ3 1893
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 344829 BBG000B9ZXB4 3332
INTUIT INC INTU 0.06 361942 BBG000BH5DV1 1262
INVITATION HOMES INC REIT USD.01 INVH 0.06 373592 BBG00FQH6BS9 14029
CINTAS CORP CTAS 0.06 357256 BBG000H3YXF8 1861
CONSOLIDATED EDISON INC ED 0.06 352978 BBG000BHLYS1 3440
SYNOPSYS INC SNPS 0.06 363080 BBG000BSFRF3 879
Datadog Inc. Class A DDOG 0.06 387546 BBG003NJHZT9 1541
W. P. CAREY REIT INC WPC 0.06 348275 BBG000BCQM58 5238
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 363418 BBG000D4LWF6 5915
Sun Communities Inc SUI 0.05 324942 BBG000BLJWF3 2893
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 294137 BBG000C30L48 217
TERADYNE INC TER 0.05 285629 BBG000BV4DR6 734
MID-AMERICA APARTMENT COMM MAA 0.05 323071 BBG000BLMY92 2743
AIRBNB INC ABNB 0.05 297215 BBG001Y2XS07 1987
MCDONALDS CORP MCD 0.05 331026 BBG000BNSZP1 1389
OREILLY AUTOMOTIVE INC ORLY 0.05 325389 BBG000BGYWY6 3788
LUMENTUM HOLDINGS INC LITE 0.05 324202 BBG0073F9RT7 346
AMERICAN ELECTRIC POWER AEP 0.05 298250 BBG000BB9KF2 2519
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 316517 BBG022XF4SZ9 1489
PACCAR INC PCAR 0.04 274508 BBG000BQVTF5 2449
PAYPAL HOLDINGS INC PYPL 0.04 214136 BBG0077VNXV6 4078
FASTENAL CO FAST 0.04 271012 BBG000BJ8YN7 5315
ASTERA LABS INC ALAB 0.04 271066 BBG00TDKHW99 752
Baker Hughes Company BKR 0.04 256202 BBG00GBVBK51 4415
NXP Semiconductors NV NXPI 0.04 273110 BBG000BND699 1160
Nebius Group NV NBIS 0.04 234315 BBG001NVJ6W4 1034
DIAMONDBACK ENERGY INC FANG 0.04 238375 BBG002PHSYX9 1284
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.04 241058 BBG00CMNZNK7 241058
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 247104 BBG00LBLDDR2 3120
MICROSTRATEGY INC-CL A MSTR 0.04 240380 BBG000GQJPZ0 1482
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 241565 BBG020QYV152 1479
Cash & Other Cash&Other 0.03 153136 N/A 153136
PAYCHEX INC PAYX 0.03 171991 BBG000BQSQ38 1646
XCEL ENERGY INC XEL 0.03 205409 BBG000BCTQ65 2907
MICROCHIP TECHNOLOGY INC MCHP 0.03 189203 BBG000BHCP19 2505
AXON ENTERPRISE INC AXON 0.03 175738 BBG000BHJWG1 390
Old Dominion Freight Line Inc. ODFL 0.03 169189 BBG000CHSS88 952
EXELON CORP EXC 0.03 192749 BBG000J6XT05 4737
IDEXX LABS IDXX 0.03 188971 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 188370 BBG000BS1YV5 913
KEURIG DR PEPPER INC KDP 0.03 201136 BBG000TJM7F0 6333
FERROVIAL SA FER 0.03 183689 BBG01H0DF657 3322.88
WORKDAY INC-CLASS A WDAY 0.03 182953 BBG000VC0T95 951
COREWEAVE INC CRWV 0.03 179362 BBG011ZTRJ21 2064
DEXCOM INC DXCM 0.03 156423 BBG000QTF8K1 1783
AUTODESK INC ADSK 0.03 211504 BBG000BM7HL0 974
ROCKET LAB CORP RKLB 0.03 188712 BBG01V7JN3F3 2684
THOMSON REUTERS CORP TRI 0.03 173075 N/A 1758
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.03 206458 BBG00B6BFWH9 2071
KRAFT HEINZ CO/THE KHC 0.02 129703 BBG005CPNTQ2 5452
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 150371 BBG000BFGNJ5 610
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 139186 BBG01BFR8YV1 2106
COPART INC CPRT 0.02 121753 BBG000BM9RH1 4218

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.