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 02/05/2026
TICKER RAA
NET ASSETS $528M
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 $27.77
30 DAY MEDIAN BID-ASK SPREAD 0.000704

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

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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

As of 02/05/2026

NET ASSET VALUE

$27.77

CLOSING PRICE

$27.77

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 14
Discount 0 5 13 16 3

Asset Allocation

As of 2/5/2026

Equities

49.67%
Nasdaq
20.42%
US Large Cap
13.94%
Dividend Payers
4.17%
US Small Cap
4.04%
Japan
3.06%
Emerging Ex. China
2.02%
Europe
2.02%

Fixed Income

28.58%
High Yield
8.05%
Long Term Treasuries
6.12%
Corporate Bonds
6.10%
Emerging Mkt Bonds
4.06%
TIPS
3.05%
T-Bills
1.20%

Alternatives

21.68%
Managed Futures
5.07%
Miners
4.96%
Gold
4.03%
Commodities
2.96%
Energy
2.07%
Bitcoin
1.55%
Real Estate
1.04%

Holdings

As of 02/05/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 13.94 73637100 BBG00RYR67P4 568934
SCHWAB HIGH YIELD BOND ETF SCYB 8.05 42553100 BBG01F80WX71 1611860
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 6.12 32310800 BBG00PZFJPC3 1018310
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.10 32215900 BBG000PWYVH7 384254
iM DBi Managed Futures Strategy ETF DBMF 5.07 26769500 N/A 916765
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.06 21468300 BBG000NXKWH0 222608
VANGUARD SMALL-CAP ETF VB 4.04 21369400 BBG000HT3Z79 79452
SPROTT PHYSICAL GOLD TRUS PHYS 4.03 21269500 BBG000Q83F79 589672
Franklin FTSE Japan ETF FLJP 3.06 16171700 BBG00J3MDY16 439568
SCHWAB U.S. TIPS ETF SCHP 3.05 16092100 BBG000BGN6P5 603830
INVESCO OPTIMUM YIELD DIVERS PDBC 2.96 15637100 N/A 1107440
Franklin FTSE Europe ETF FLEE 2.02 10650700 BBG00J3PR1S7 279839
ISHARES MSCI EMR MRK EX CHNA EMXC 2.02 10686600 BBG00H5VLMJ6 134119
NVIDIA CORP NVDA 1.66 8788220 BBG000BBJQV0 51130
APPLE INC AAPL 1.62 8561490 BBG000B9XRY4 31030
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.55 8198490 N/A 291243
MICROSOFT CORP MSFT 1.31 6903000 BBG000BPH459 17535
ISHARES MSCI GLOBAL METALS & PICK 1.22 6439450 BBG002GKR8T5 112166
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.01 5355120 BBG01922X0X9 107317
AMAZON.COM INC AMZN 0.96 5096040 BBG000BVPV84 22884
ALPHABET INC-CL A GOOGL 0.77 4055490 BBG009S39JX6 12243
META PLATFORMS INC META 0.73 3863090 BBG000MM2P62 5764
ALPHABET INC-CL C GOOG 0.71 3761920 BBG009S3NB30 11354
Tesla Inc. TSLA 0.69 3661080 BBG000N9MNX3 9217
WAL-MART STORES INC WMT 0.68 3574880 BBG000BWXBC2 28162
Broadcom Inc. AVGO 0.59 3122800 BBG00KHY5S69 10057
BHP GROUP LTD BHP 0.57 3020430 BBG000BD5NZ4 43711
COSTCO WHOLESALE CORP COST 0.50 2629530 BBG000F6H8W8 2658
ISHARES MSCI GLOBAL GOLD MIN RING 0.49 2571630 BBG002GKR6T9 32639
MICRON TECHNOLOGY INC MU 0.48 2527460 BBG000C5Z1S3 6601
FREEPORT-MCMORAN INC FCX 0.41 2160880 BBG000BJDB15 36489
NEWMONT GOLDCORP CORPORATION COM NEM 0.38 2017360 BBG000BPWXK1 18588
NETFLIX INC NFLX 0.38 2027980 BBG000CL9VN6 25077
ADVANCED MICRO DEVICES INC AMD 0.36 1897470 BBG000BBQCY0 9857
CISCO SYSTEMS INC CSCO 0.36 1907540 BBG000C3J3C9 23161
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.35 1844580 BBG000N7QR55 14188
CHEVRON CORP CVX 0.34 1799830 BBG000K4ND22 10042
RIO TINTO PLC-SPON ADR RIO 0.33 1759890 BBG000FD28T3 19314
AGNICO EAGLE MINES LTD AEM 0.33 1765480 BBG000DLVDK3 9319
AUTOMATIC DATA PROCESSING ADP 0.30 1595340 BBG000JG0547 6818
LAM RESH CORP LRCX 0.29 1546920 BBG000BNFLM9 7252
FASTENAL CO FAST 0.28 1501310 BBG000BJ8YN7 31720
APPLIED MATERIALS INC AMAT 0.26 1365520 BBG000BBPFB9 4492
INTEL CORP INTC 0.26 1374410 BBG000C0G1D1 28491
Barrick Mining Corp. B 0.26 1364920 N/A 31042
PEPSICO INC PEP 0.25 1318630 BBG000DH7JK6 7871
LINDE PLC LIN 0.24 1242080 BBG01FND0CC1 2702
T-MOBILE US INC TMUS 0.24 1255570 BBG000NDV1D4 6220
REALTY INCOME CORP O 0.23 1230450 BBG000DHPN63 19420
Kimberly-Clark Corp KMB 0.23 1221510 BBG000BMW2Z0 11716
ILLINOIS TOOL WORKS ITW 0.23 1190060 BBG000BMBL90 4128
MARATHON PETROLEUM CORP MPC 0.23 1208080 BBG001DCCGR8 6169
TEXAS INSTRUMENTS INC TXN 0.22 1181720 BBG000BVV7G1 5276
AMGEN INC AMGN 0.22 1164450 BBG000BBS2Y0 3166
STANLEY BLACK & DECKER INC SWK 0.22 1176590 BBG000BTQR96 13750
AMCOR PLC COMMON STOCK USD.01 AMCR 0.22 1144880 N/A 24473.8
CANADIAN NATURAL RESOURCES CNQ 0.21 1103620 BBG000HW5GX3 29127
KENVUE INC KVUE 0.21 1120010 BBG01C79X561 61982
GENUINE PARTS CO GPC 0.21 1106080 BBG000BKL348 7565
HORMEL FOODS CORP HRL 0.21 1100300 BBG000BLF8D2 43854
SCHLUMBERGER LTD SLB 0.21 1108030 BBG000BT41Q8 22380
AIR PRODUCTS & CHEMICALS INC APD 0.21 1124930 BBG000BC4JJ4 3968
WILLIAMS COMPANIES INC. WMB 0.21 1087150 BBG000BWVCP8 16125
FRANKLIN RESOURCES INC BEN 0.21 1093680 BBG000BD0TF8 40642
CLOROX COMPANY CLX 0.21 1124120 BBG000BFS7D3 9558
VALE SA-SP ADR VALE 0.21 1115150 BBG000BN5LG7 68498
EXXON MOBIL CORP XOM 0.21 1129490 BBG000GZQ728 7732
OCCIDENTAL PETROLEUM CORP OXY 0.20 1078550 BBG000BQQ2S6 23920
EQT CORP EQT 0.20 1034120 BBG000BHZ5J9 18690
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.20 1050600 BBG000PVRDL2 8026
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.20 1082740 BBG000BRK7L6 20379
Cheniere Energy Inc LNG 0.20 1066300 BBG000C3HSR0 5078
MEDTRONIC PLC MDT 0.20 1072020 BBG000BNWG87 10413
GILEAD SCIENCES INC GILD 0.20 1069340 BBG000CKGBP2 7159
KLA CORPORATION KLAC 0.20 1042200 BBG000BMTFR4 783
FRANCO-NEVADA CORP FNV 0.19 1024560 BBG000RD3CL8 4566
GLENCORE PLC -UNSP ADR GLNCY 0.19 994694 BBG001VKX1Z1 78944
INTUITIVE SURGICAL INC ISRG 0.19 1019800 BBG000BJPDZ1 2141
ABBVIE INC ABBV 0.19 1016250 BBG0025Y4RY4 4640
ANALOG DEVICES INC ADI 0.19 992452 BBG000BB6G37 3081
T ROWE PRICE GROUP INC TROW 0.18 938236 BBG000BVMPN3 10196
EVERSOURCE ENERGY ES 0.18 946594 BBG000BQ87N0 13976
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.18 954779 N/A 41172
HONEYWELL INTERNATIONAL INC HON 0.16 821749 BBG000H556T9 3514
QUALCOMM INC QCOM 0.16 855010 BBG000CGC1X8 6273
BOOKING HOLDINGS INC BKNG 0.16 848693 BBG000BLBVN4 191
SHOPIFY INC - CLASS A SHOP 0.15 813053 BBG008HBD923 7309
INTUIT INC INTU 0.14 761092 BBG000BH5DV1 1750
International Business Machines Corporation IBM 0.14 729363 BBG000BLNNH6 2516
APPLOVIN CORP APP 0.14 738077 BBG006HFPX77 1967
PROLOGIS INC PLD 0.14 751493 BBG000B9Z0J8 5520
WELLTOWER INC WELL 0.13 710361 BBG000BKY1G5 3718
VERTEX PHARMACEUTICALS INC VRTX 0.13 685921 BBG000C1S2X2 1495
ADOBE SYSTEMS INC ADBE 0.13 672397 BBG000BB5006 2496
STARBUCKS CORP SBUX 0.13 701503 BBG000CTQBF3 7302
PALO ALTO NETWORKS INC PANW 0.12 648796 BBG0014GJCT9 4192
COMCAST CORP-CLASS A CMCSA 0.12 638348 BBG000BFT2L4 20692
MERCADOLIBRE INC MELI 0.12 624671 BBG000GQPB11 307
ASML HOLDING NV-NY REG SHS ASML 0.12 646727 BBG000K6MRN4 479
WESTERN DIGITAL CORP WDC 0.11 579443 BBG000BWNFZ9 2227
Crowdstrike Holdings Inc. Class A CRWD 0.11 582335 BBG00BLYKS03 1544
Cash & Other Cash&Other 0.10 507717 N/A 507717
CADENCE DESIGN SYS INC CDNS 0.10 514617 BBG000C13CD9 1905
CINCINNATI FINANCIAL CORP CINF 0.10 540740 BBG000BFPK65 3153
CONSTELLATION ENERGY CORPORATION CEG 0.10 527967 BBG014KFRNP7 2137
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.10 535599 BBG0113JGQF0 1321
MONSTER BEVERAGE CORP MNST 0.10 546090 BBG008NVB1C0 6680
TARGET CORP TGT 0.10 537844 BBG000H8TVT2 4852
CSX CORP CSX 0.10 520662 BBG000BGJRC8 13059
MONDELEZ INTERNATIONAL INC-A MDLZ 0.09 458959 BBG000D4LWF6 7610
EQUINIX INC EQIX 0.09 482113 BBG000MBDGM6 597
REGENERON PHARMACEUTICALS REGN 0.09 455378 BBG000C734W3 594
Marriott International, Inc Class A MAR 0.09 498816 BBG000BGD7W6 1528
CINTAS CORP CTAS 0.09 449365 BBG000H3YXF8 2315
SYNOPSYS INC SNPS 0.09 490886 BBG000BSFRF3 1196
OREILLY AUTOMOTIVE INC ORLY 0.09 501537 BBG000BGYWY6 5401
PACCAR INC PCAR 0.08 441638 BBG000BQVTF5 3466
SIMON PROPERTY GROUP INC SPG 0.08 428843 BBG000BJ2D31 2174
DOORDASH INC CLASS A DASH 0.08 443103 BBG005D7QCJ3 2410
DIGITAL REALTY TRUST INC DLR 0.08 439286 BBG000Q5ZRM7 2668
ROSS STORES INC ROST 0.08 441095 BBG000BSBZH7 2331
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.08 403847 BBG00LBLDDR2 3978
AO Smith Corp AOS 0.07 372507 BBG000BC1L02 4769
PUBLIC STORAGE PSA 0.07 369646 BBG000BPPN67 1307
Warner Bros Discovery Inc WBD 0.07 393426 BBG011386VF4 14702
AMERICAN ELECTRIC POWER AEP 0.07 378112 BBG000BB9KF2 3135
NXP Semiconductors NV NXPI 0.07 382064 BBG000BND699 1720
FORTINET INC FTNT 0.07 351238 BBG000BCMBG4 4450
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.07 384779 BBG00ZXBJ153 5185
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.07 366236 BBG00CMNZNK7 366236
ELECTRONIC ARTS INC EA 0.07 364191 BBG000BP0KQ8 1840
Ventas Inc. VTR 0.06 296446 BBG000FRVHB9 3713
MONOLITHIC POWER SYSTEMS INC MPWR 0.06 314429 BBG000C30L48 272
PPG INDUSTRIES INC PPG 0.06 334068 BBG000BRJ809 2685
Baker Hughes Company BKR 0.06 318463 BBG00GBVBK51 5552
IDEXX LABS IDXX 0.06 308923 BBG000BLRT07 480
AIRBNB INC ABNB 0.06 304145 BBG001Y2XS07 2508
FERROVIAL SE FER 0.06 296476 BBG01H7CZ9S9 4313
AUTODESK INC ADSK 0.06 317096 BBG000BM7HL0 1332
DIAMONDBACK ENERGY INC FANG 0.06 324122 BBG002PHSYX9 1967
XCEL ENERGY INC XEL 0.05 261624 BBG000BCTQ65 3437
MICROCHIP TECHNOLOGY INC MCHP 0.05 242314 BBG000BHCP19 3105
EXELON CORP EXC 0.05 257927 BBG000J6XT05 5854
COGNIZANT TECH SOLUTIONS-A CTSH 0.05 269785 BBG000BBDV81 3511
AXON ENTERPRISE INC AXON 0.05 256575 BBG000BHJWG1 642
Zscaler Inc. ZS 0.05 241381 BBG003338H34 1425
Old Dominion Freight Line Inc. ODFL 0.05 276730 BBG000CHSS88 1369
THOMSON REUTERS CORP COMMON STOCK TRI 0.05 241616 N/A 2736
EXTRA SPACE STORAGE INC EXR 0.05 248125 BBG000PV27K3 1791
ALNYLAM PHARMACEUTICALS INC ALNY 0.05 261348 BBG000BFGNJ5 789
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.05 259560 BBG00B6BFWH9 2706
ROPER TECHNOLOGIES INC ROP 0.04 214812 BBG000F1ZSN5 612
PAYPAL HOLDINGS INC PYPL 0.04 222722 BBG0077VNXV6 5582
PAYCHEX INC PAYX 0.04 206255 BBG000BQSQ38 2101
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 229569 BBG000BS1YV5 1188
COSTAR GROUP INC CSGP 0.04 204164 BBG000D7JKW9 4004
VERISK ANALYTICS INC VRSK 0.04 230296 BBG000BCZL41 1247
KEURIG DR PEPPER INC KDP 0.04 221139 BBG000TJM7F0 7895
COPART INC CPRT 0.04 223448 BBG000BM9RH1 5603
VICI PROPERTIES INC REIT VICI 0.04 237019 BBG00HVVB499 8247
WORKDAY INC-CLASS A WDAY 0.04 212738 BBG000VC0T95 1340
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 223883 BBG01BFR8YV1 2720
DEXCOM INC DXCM 0.04 228540 BBG000QTF8K1 3270
CONSOLIDATED EDISON INC ED 0.04 221986 BBG000BHLYS1 2039
Datadog Inc. Class A DDOG 0.04 224453 BBG003NJHZT9 2103
MCDONALDS CORP MCD 0.04 212850 BBG000BNSZP1 658
AVALONBAY COMMUNITIES INC AVB 0.04 210937 BBG000BLPBL5 1243
INSMED INC INSM 0.03 183199 BBG000BWM5P3 1213
ATLASSIAN CORP PLC-CLASS A TEAM 0.03 146237 BBG01BGWHFR5 1486
KRAFT HEINZ CO/THE KHC 0.03 162828 BBG005CPNTQ2 6661
IRON MOUNTAIN INC IRM 0.03 180657 BBG000KCZPC3 2031
EQUITY RESIDENTIAL EQR 0.03 177033 BBG000BG8M31 2866
CHARTER COMMUNICATIONS INC-A CHTR 0.03 144177 BBG000VPGNR2 645
MICROSTRATEGY INC-CL A MSTR 0.03 177603 BBG000GQJPZ0 1660
Sun Communities Inc SUI 0.02 113538 BBG000BLJWF3 918
ESSEX PROPERTY TRUST INC ESS 0.02 95817.7 BBG000CGJMB9 381
Omega Healthcare Investors Inc OHI 0.02 112649 BBG000BGBTC2 2472
KIMCO REALTY CORP KIM 0.02 123915 BBG000CN3S73 5713
INVITATION HOMES INC REIT USD.01 INVH 0.02 109496 BBG00FQH6BS9 4146
W. P. CAREY REIT INC WPC 0.02 126343 BBG000BCQM58 1770
MID-AMERICA APARTMENT COMM MAA 0.02 115426 BBG000BLMY92 883

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.