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 01/14/2026
TICKER RAA
NET ASSETS $525M
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 $28.15
30 DAY MEDIAN BID-ASK SPREAD 0.000364

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 0.22% 0.22% 2.57% 2.57% - - 12.32% 12.32%
RAA - Market Price 0.23% 0.23% 2.59% 2.59% - - 12.36% 12.36%
S&P 500 Index Total Return 0.06% 0.06% 2.65% 2.65% - - 16.19% 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 01/14/2026

NET ASSET VALUE

$28.15

CLOSING PRICE

$28.15

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 4
Discount 0 5 13 16 1

Asset Allocation

As of 1/9/2026

Equities

58.02%
Nasdaq
28.85%
US Large Cap
16.96%
US Small Cap
4.13%
Dividend Payers
3.99%
Japan
2.06%
Emerging Ex. China
1.02%
Europe
1.01%

Fixed Income

20.89%
High Yield
5.91%
Corporate Bonds
4.91%
Emerging Mkt Bonds
3.92%
TIPS
2.95%
Long Term Treasuries
1.97%
T-Bills
1.23%

Alternatives

21.09%
Managed Futures
8.96%
Gold
5.11%
Miners
4.04%
Bitcoin
1.01%
Commodities
1.00%
Real Estate
0.97%
Energy
0.00%

Holdings

As of 01/14/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 16.81 88256000 BBG00RYR67P4 666939
iM DBi Managed Futures Strategy ETF DBMF 9.06 47581400 N/A 1645840
SCHWAB HIGH YIELD BOND ETF SCYB 5.89 30950300 N/A 1164420
SPROTT PHYSICAL GOLD TRUS PHYS 5.23 27475500 BBG000Q83F79 776802
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.90 25746400 BBG000PWYVH7 306140
VANGUARD SMALL-CAP ETF VB 4.14 21735800 BBG000HT3Z79 79595
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.91 20534700 BBG000NXKWH0 213104
SCHWAB U.S. TIPS ETF SCHP 2.94 15450800 BBG000BGN6P5 580857
NVIDIA CORP NVDA 2.51 13168100 BBG000BBJQV0 71902
APPLE INC AAPL 2.16 11343600 BBG000B9XRY4 43636
Franklin FTSE Japan ETF FLJP 2.06 10798600 BBG00J3MDY16 298058
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.98 10375200 BBG00PZFJPC3 323517
MICROSOFT CORP MSFT 1.92 10080200 BBG000BPH459 21943
AMAZON.COM INC AMZN 1.42 7462050 BBG000BVPV84 31532
Tesla Inc. TSLA 1.11 5825550 BBG000N9MNX3 13264
ALPHABET INC-CL A GOOGL 1.09 5747230 BBG009S39JX6 17113
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.09 5722150 N/A 132304
ISHARES MSCI GLOBAL METALS & PICK 1.06 5583650 BBG002GKR8T5 97976
ISHARES MSCI EMR MRK EX CHNA EMXC 1.03 5394140 BBG00H5VLMJ6 70392
INVESCO OPTIMUM YIELD DIVERS PDBC 1.02 5361160 N/A 386251
ALPHABET INC-CL C GOOG 1.02 5343290 BBG009S3NB30 15888
Franklin FTSE Europe ETF FLEE 1.01 5293190 BBG00J3PR1S7 140419
META PLATFORMS INC META 1.01 5285470 BBG000MM2P62 8587
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 0.98 5120050 BBG01922X0X9 102524
Broadcom Inc. AVGO 0.91 4762540 BBG00KHY5S69 14012
COSTCO WHOLESALE CORP COST 0.65 3424480 BBG000F6H8W8 3601
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.65 3419210 BBG000N7QR55 19166
MICRON TECHNOLOGY INC MU 0.60 3124490 BBG000C5Z1S3 9373
NETFLIX INC NFLX 0.58 3043820 BBG000CL9VN6 34374
ADVANCED MICRO DEVICES INC AMD 0.56 2966500 BBG000BBQCY0 13267
BHP GROUP LTD BHP 0.47 2469940 BBG000BD5NZ4 37412
ISHARES MSCI GLOBAL GOLD MIN RING 0.47 2453150 BBG002GKR6T9 29439
CISCO SYSTEMS INC CSCO 0.46 2413930 BBG000C3J3C9 32441
LAM RESH CORP LRCX 0.41 2175590 BBG000BNFLM9 10420
APPLIED MATERIALS INC AMAT 0.38 1990360 BBG000BBPFB9 6593
INTEL CORP INTC 0.36 1866170 BBG000C0G1D1 38304
FREEPORT-MCMORAN INC FCX 0.36 1885580 BBG000BJDB15 31322
AUTOMATIC DATA PROCESSING ADP 0.36 1882140 BBG000JG0547 7281
NEWMONT GOLDCORP CORPORATION COM NEM 0.35 1819780 BBG000BPWXK1 15942
T-MOBILE US INC TMUS 0.33 1735480 BBG000NDV1D4 9038
AGNICO EAGLE MINES LTD AEM 0.32 1672150 BBG000DLVDK3 8476
PEPSICO INC PEP 0.31 1622920 BBG000DH7JK6 11122
SHOPIFY INC - CLASS A SHOP 0.31 1629910 BBG008HBD923 10348
LINDE PLC LIN 0.31 1647730 BBG01FND0CC1 3745
INTUITIVE SURGICAL INC ISRG 0.30 1591070 BBG000BJPDZ1 2910
KLA CORPORATION KLAC 0.30 1575080 BBG000BMTFR4 1098
APPLOVIN CORP APP 0.30 1593820 BBG006HFPX77 2580
FASTENAL CO FAST 0.28 1493610 BBG000BJ8YN7 35210
QUALCOMM INC QCOM 0.28 1444830 BBG000CGC1X8 8781
TEXAS INSTRUMENTS INC TXN 0.27 1443910 BBG000BVV7G1 7464
AMGEN INC AMGN 0.27 1439900 BBG000BBS2Y0 4377
RIO TINTO PLC-SPON ADR RIO 0.27 1420710 BBG000FD28T3 16543
BOOKING HOLDINGS INC BKNG 0.26 1369370 BBG000BLBVN4 264
INTUIT INC INTU 0.25 1298650 BBG000BH5DV1 2292
Barrick Mining Corp. B 0.25 1330270 N/A 26632
REALTY INCOME CORP O 0.24 1235990 BBG000DHPN63 20494
GILEAD SCIENCES INC GILD 0.24 1271100 BBG000CKGBP2 10245
ANALOG DEVICES INC ADI 0.23 1192850 BBG000BB6G37 4003
CLOROX COMPANY CLX 0.22 1131030 BBG000BFS7D3 10152
STANLEY BLACK & DECKER INC SWK 0.22 1140880 BBG000BTQR96 13616
HONEYWELL INTERNATIONAL INC HON 0.21 1094390 BBG000H556T9 5137
FRANKLIN RESOURCES INC BEN 0.21 1099780 BBG000BD0TF8 42910
AIR PRODUCTS & CHEMICALS INC APD 0.21 1112290 BBG000BC4JJ4 4162
PALO ALTO NETWORKS INC PANW 0.21 1094410 BBG0014GJCT9 5732
GENUINE PARTS CO GPC 0.20 1024770 BBG000BKL348 7659
HORMEL FOODS CORP HRL 0.20 1045670 BBG000BLF8D2 42698
MEDTRONIC PLC MDT 0.20 1045850 BBG000BNWG87 10592
ADOBE SYSTEMS INC ADBE 0.20 1025050 BBG000BB5006 3367
ILLINOIS TOOL WORKS ITW 0.20 1062740 BBG000BMBL90 4105
T ROWE PRICE GROUP INC TROW 0.20 1047860 BBG000BVMPN3 9878
AMCOR PLC COMMON STOCK USD.01 AMCR 0.20 1076350 N/A 24407
KENVUE INC KVUE 0.19 1011500 BBG01C79X561 59083
Kimberly-Clark Corp KMB 0.19 999135 BBG000BMW2Z0 10077
GLENCORE PLC -UNSP ADR GLNCY 0.19 982642 BBG001VKX1Z1 75356
FRANCO-NEVADA CORP FNV 0.18 933617 BBG000RD3CL8 3934
VERTEX PHARMACEUTICALS INC VRTX 0.18 924234 BBG000C1S2X2 2056
Crowdstrike Holdings Inc. Class A CRWD 0.18 948121 BBG00BLYKS03 2058
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.17 917867 BBG000PVRDL2 6894
ABBVIE INC ABBV 0.17 889335 BBG0025Y4RY4 4008
CONSOLIDATED EDISON INC ED 0.17 917289 BBG000BHLYS1 9040
ASML HOLDING NV-NY REG SHS ASML 0.17 883340 BBG000K6MRN4 699
CONSTELLATION ENERGY CORPORATION CEG 0.16 837183 BBG014KFRNP7 2534
COMCAST CORP-CLASS A CMCSA 0.16 831086 BBG000BFT2L4 29243
VALE SA-SP ADR VALE 0.16 857081 BBG000BN5LG7 58664
MERCADOLIBRE INC MELI 0.16 855494 BBG000GQPB11 407
STARBUCKS CORP SBUX 0.16 841588 BBG000CTQBF3 9233
International Business Machines Corporation IBM 0.16 864975 BBG000BLNNH6 2799
Anglo American PLC NGLOD 0.15 786030 N/A 35248
SYNOPSYS INC SNPS 0.14 759525 BBG000BSFRF3 1503
CADENCE DESIGN SYS INC CDNS 0.13 690540 BBG000C13CD9 2205
Marriott International, Inc Class A MAR 0.13 693386 BBG000BGD7W6 2169
WELLTOWER INC WELL 0.13 706530 BBG000BKY1G5 3744
DOORDASH INC CLASS A DASH 0.13 706952 BBG005D7QCJ3 3317
MONDELEZ INTERNATIONAL INC-A MDLZ 0.12 610358 BBG000D4LWF6 10665
CHEVRON CORP CVX 0.12 638021 BBG000K4ND22 3815
CINCINNATI FINANCIAL CORP CINF 0.12 617728 BBG000BFPK65 3774
REGENERON PHARMACEUTICALS REGN 0.12 636494 BBG000C734W3 844
MONSTER BEVERAGE CORP MNST 0.12 611269 BBG008NVB1C0 7864
CINTAS CORP CTAS 0.12 636103 BBG000H3YXF8 3275
PROLOGIS INC PLD 0.12 629716 BBG000B9Z0J8 4763
OREILLY AUTOMOTIVE INC ORLY 0.12 648036 BBG000BGYWY6 6820
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.12 609863 BBG00CMNZNK7 609863
WESTERN DIGITAL CORP WDC 0.11 597485 BBG000BWNFZ9 2779
Warner Bros Discovery Inc WBD 0.11 572972 BBG011386VF4 20013
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.11 576890 BBG00LBLDDR2 5349
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.11 556126 BBG00ZXBJ153 6848
PACCAR INC PCAR 0.10 509082 BBG000BQVTF5 4278
AMERICAN ELECTRIC POWER AEP 0.10 513542 BBG000BB9KF2 4348
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.10 545865 BBG0113JGQF0 1748
ROSS STORES INC ROST 0.10 501827 BBG000BSBZH7 2616
CSX CORP CSX 0.10 545956 BBG000BGJRC8 15090
EQUINIX INC EQIX 0.09 477015 BBG000MBDGM6 597
AIRBNB INC ABNB 0.09 460383 BBG001Y2XS07 3467
NXP Semiconductors NV NXPI 0.09 486436 BBG000BND699 2020
IDEXX LABS IDXX 0.09 458970 BBG000BLRT07 646
THOMSON REUTERS CORP COMMON STOCK TRI 0.09 454736 N/A 3573
FORTINET INC FTNT 0.09 466208 BBG000BCMBG4 6103
TARGET CORP TGT 0.09 463440 BBG000H8TVT2 4220
ASTRAZENECA PLC-SPONS ADR AZN 0.09 448463 BBG000BZ0DK8 4655
AUTODESK INC ADSK 0.09 452798 BBG000BM7HL0 1733
PAYPAL HOLDINGS INC PYPL 0.08 434756 BBG0077VNXV6 7540
AXON ENTERPRISE INC AXON 0.08 403959 BBG000BHJWG1 642
ALNYLAM PHARMACEUTICALS INC ALNY 0.08 396576 BBG000BFGNJ5 1081
FERROVIAL SE FER 0.08 401798 BBG01H7CZ9S9 5942
ELECTRONIC ARTS INC EA 0.08 414526 BBG000BP0KQ8 2030
XCEL ENERGY INC XEL 0.07 365912 BBG000BCTQ65 4802
ROPER TECHNOLOGIES INC ROP 0.07 363539 BBG000F1ZSN5 857
SIMON PROPERTY GROUP INC SPG 0.07 357325 BBG000BJ2D31 1924
EXELON CORP EXC 0.07 353640 BBG000J6XT05 8111
MONOLITHIC POWER SYSTEMS INC MPWR 0.07 375735 BBG000C30L48 382
Baker Hughes Company BKR 0.07 386495 BBG00GBVBK51 7733
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.07 367744 BBG000BS1YV5 1498
DIGITAL REALTY TRUST INC DLR 0.07 365183 BBG000Q5ZRM7 2293
DIAMONDBACK ENERGY INC FANG 0.07 347276 BBG002PHSYX9 2259
MICROSTRATEGY INC-CL A MSTR 0.07 392374 BBG000GQJPZ0 2188
AO Smith Corp AOS 0.06 294472 BBG000BC1L02 4137
MICROCHIP TECHNOLOGY INC MCHP 0.06 325381 BBG000BHCP19 4357
PAYCHEX INC PAYX 0.06 317084 BBG000BQSQ38 2875
PUBLIC STORAGE PSA 0.06 340144 BBG000BPPN67 1182
COGNIZANT TECH SOLUTIONS-A CTSH 0.06 336656 BBG000BBDV81 3883
Old Dominion Freight Line Inc. ODFL 0.06 290820 BBG000CHSS88 1676
KEURIG DR PEPPER INC KDP 0.06 311429 BBG000TJM7F0 11075
COPART INC CPRT 0.06 315641 BBG000BM9RH1 7893
WORKDAY INC-CLASS A WDAY 0.06 331723 BBG000VC0T95 1710
Datadog Inc. Class A DDOG 0.06 317042 BBG003NJHZT9 2590
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.06 319363 BBG01BFR8YV1 3744
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 331373 BBG00B6BFWH9 3730
Ventas Inc. VTR 0.05 247144 BBG000FRVHB9 3213
INSMED INC INSM 0.05 278536 BBG000BWM5P3 1704
KRAFT HEINZ CO/THE KHC 0.05 236609 BBG005CPNTQ2 9729
PPG INDUSTRIES INC PPG 0.05 250797 BBG000BRJ809 2310
Zscaler Inc. ZS 0.05 278551 BBG003338H34 1300
VERISK ANALYTICS INC VRSK 0.05 251508 BBG000BCZL41 1122
AVALONBAY COMMUNITIES INC AVB 0.04 201419 BBG000BLPBL5 1118
COSTAR GROUP INC CSGP 0.04 223353 BBG000D7JKW9 3497
CHARTER COMMUNICATIONS INC-A CHTR 0.04 214480 BBG000VPGNR2 1060
EXTRA SPACE STORAGE INC EXR 0.04 223014 BBG000PV27K3 1541
VICI PROPERTIES INC REIT VICI 0.04 200287 BBG00HVVB499 7115
NEXTERA ENERGY INC NEE 0.04 208229 BBG000BJSBJ0 2540
JOHNSON & JOHNSON JNJ 0.04 215709 BBG000BMHYD1 987
DEXCOM INC DXCM 0.04 216070 BBG000QTF8K1 3100
MCDONALDS CORP MCD 0.04 202750 BBG000BNSZP1 658
ATLASSIAN CORP PLC-CLASS A TEAM 0.03 179598 BBG01BGWHFR5 1361
IRON MOUNTAIN INC IRM 0.03 163033 BBG000KCZPC3 1781
EQUITY RESIDENTIAL EQR 0.03 152449 BBG000BG8M31 2491
Sun Communities Inc SUI 0.02 100426 BBG000BLJWF3 793
ESSEX PROPERTY TRUST INC ESS 0.02 96461.6 BBG000CGJMB9 381
MID-AMERICA APARTMENT COMM MAA 0.02 102133 BBG000BLMY92 758
Omega Healthcare Investors Inc OHI 0.02 98124.5 BBG000BGBTC2 2215
KIMCO REALTY CORP KIM 0.02 102292 BBG000CN3S73 4956
INVITATION HOMES INC REIT USD.01 INVH 0.02 97343.2 BBG00FQH6BS9 3639
W. P. CAREY REIT INC WPC 0.02 103056 BBG000BCQM58 1520
Solstice Advanced Materials Inc. SOLSV 0.00 8332.99 BBG01X5744P5 145.25
Versant Media Group Inc VSNT 0.00 40.92 BBG01Y0M8K11 1.24
Cash & Other Cash&Other -0.01 -37788.8 N/A -37788.8

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.