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 08/31/2026
TICKER RAA
NET ASSETS $619M
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 $30.47
30 DAY MEDIAN BID-ASK SPREAD 0.000983

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 16.01% NA NA 14.22%
RAA - Market Price 16.17% NA NA 14.27%
S&P 500 Index Total Return 19.56% NA NA 18.87%
1 MO 3 MO YTD Since Inception
RAA - NAV -0.15% -2.77% 0.18% 7.07% 7.63% 7.79% 14.22% 15.31%
RAA - Market Price -0.16% -2.70% 0.16% 7.15% 7.66% 7.83% 14.27% 15.38%
S&P 500 Index Total Return -0.06% -0.95% 4.19% 15.20% 10.14% 10.21% 18.87% 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 08/31/2026

NET ASSET VALUE

$30.47

CLOSING PRICE

$30.49

PREMIUM/DISCOUNT

0.05%
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 25
Discount 13 16 8 14 11

Asset Allocation

As of 8/31/2026

Equities

45.93%
Nasdaq
16.91%
US Large Cap
14.98%
Dividend Payers
6.06%
US Small Cap
3.99%
Emerging Ex. China
1.99%
Europe
1.00%
Japan
1.00%

Fixed Income

25.13%
Corporate Bonds
6.95%
High Yield
5.95%
Emerging Mkt Bonds
3.97%
TIPS
3.96%
Long Term Treasuries
2.98%
T-Bills
1.32%

Alternatives

28.94%
Commodities
6.98%
Energy
5.05%
Managed Futures
4.96%
Gold
4.01%
Miners
3.99%
Real Estate
2.95%
Bitcoin
1.00%

Holdings

As of 08/31/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.98 92771800 BBG00RYR67P4 1891760
INVESCO OPTIMUM YIELD DIVERS PDBC 6.98 43211700 N/A 2316980
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.95 43048100 BBG000PWYVH7 533104
SCHWAB HIGH YIELD BOND ETF SCYB 5.95 36860300 BBG01F80WX71 1420690
SPROTT PHYSICAL GOLD TRUS PHYS 4.01 24843800 BBG000Q83F79 734805
VANGUARD SMALL-CAP ETF VB 3.99 24726200 BBG000HT3Z79 82655
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.97 24589800 BBG000NXKWH0 260605
SCHWAB U.S. TIPS ETF SCHP 3.96 24503600 BBG000BGN6P5 953671
iM DBi Managed Futures Strategy ETF DBMF 3.58 22192600 N/A 707221
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.98 18463600 BBG00PZFJPC3 617037
ISHARES MSCI EMR MRK EX CHNA EMXC 1.99 12352300 BBG00H5VLMJ6 125736
NVIDIA CORP NVDA 1.43 8850850 BBG000BBJQV0 40089
Simplify DBi CTA Managed Futures Index ETF SDMF 1.38 8570920 BBG020BR8WR7 330668
APPLE INC AAPL 1.28 7945330 BBG000B9XRY4 25076
MICROSOFT CORP MSFT 1.03 6350760 BBG000BPH459 12519
Franklin FTSE Japan ETF FLJP 1.00 6177500 BBG00J3MDY16 151224
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.00 6171420 BBG01922X0X9 123775
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.00 6182060 N/A 177238
Franklin FTSE Europe ETF FLEE 1.00 6186180 BBG00J3PR1S7 155042
BHP GROUP LTD BHP 0.86 5352120 BBG000BD5NZ4 56986
MICRON TECHNOLOGY INC MU 0.80 4926910 BBG000C5Z1S3 5139
AMAZON.COM INC AMZN 0.77 4772490 BBG000BVPV84 18372
CHEVRON CORP CVX 0.67 4173920 BBG000K4ND22 20248
ADVANCED MICRO DEVICES INC AMD 0.57 3522870 BBG000BBQCY0 7484
ALPHABET INC-CL A GOOGL 0.55 3390450 BBG009S39JX6 9991
ALPHABET INC-CL C GOOG 0.51 3140110 BBG009S3NB30 9362
SCHLUMBERGER LTD SLB 0.51 3156630 BBG000BT41Q8 52523
WILLIAMS COMPANIES INC. WMB 0.50 3093940 BBG000BWVCP8 41225
Suncor Energy Inc. SU 0.50 3121700 BBG000BC1LY5 46718
MARATHON PETROLEUM CORP MPC 0.50 3113120 BBG001DCCGR8 8339
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3116470 BBG023CY9MM1 19363
CANADIAN NATURAL RESOURCES CNQ 0.50 3112750 BBG000HW5GX3 62168
OCCIDENTAL PETROLEUM CORP OXY 0.50 3109500 BBG000BQQ2S6 51670
EQT CORP EQT 0.50 3083170 BBG000BHZ5J9 56906
Cheniere Energy Inc LNG 0.50 3127500 BBG000C3HSR0 10722
Broadcom Inc. AVGO 0.47 2934200 BBG00KHY5S69 7923
Tesla Inc. TSLA 0.47 2932930 BBG000N9MNX3 7971
META PLATFORMS INC META 0.46 2875440 BBG000MM2P62 5024
NEWMONT GOLDCORP CORPORATION COM NEM 0.46 2850720 BBG000BPWXK1 22614
REALTY INCOME CORP O 0.43 2647050 BBG000DHPN63 43196
WELLTOWER INC WELL 0.41 2561790 BBG000BKY1G5 10844
RIO TINTO PLC-SPON ADR RIO 0.40 2464610 BBG000FD28T3 24045
WAL-MART STORES INC WMT 0.38 2341220 BBG000BWXBC2 22325
FREEPORT-MCMORAN INC FCX 0.38 2348850 BBG000BJDB15 31012
AUTOMATIC DATA PROCESSING ADP 0.38 2380280 BBG000JG0547 8318
AGNICO EAGLE MINES LTD AEM 0.35 2158440 BBG000DLVDK3 10647
PROLOGIS INC PLD 0.34 2109150 BBG000B9Z0J8 15074
INTEL CORP INTC 0.34 2075200 BBG000C0G1D1 23184
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.32 1984200 BBG000N7QR55 10646
CISCO SYSTEMS INC CSCO 0.32 2002080 BBG000C3J3C9 18120
PEPSICO INC PEP 0.32 1951570 BBG000DH7JK6 13906
COSTCO WHOLESALE CORP COST 0.31 1941580 BBG000F6H8W8 2057
STANLEY BLACK & DECKER INC SWK 0.30 1856860 BBG000BTQR96 19268
T ROWE PRICE GROUP INC TROW 0.30 1860820 BBG000BVMPN3 16722
AMCOR PLC COMMON STOCK USD.01 AMCR 0.30 1843400 N/A 40170
KENVUE INC KVUE 0.30 1848500 BBG01C79X561 97908
AO Smith Corp AOS 0.30 1835570 BBG000BC1L02 31043
Kimberly-Clark Corp KMB 0.30 1848860 BBG000BMW2Z0 17127
HORMEL FOODS CORP HRL 0.30 1868110 BBG000BLF8D2 85497
MEDTRONIC PLC MDT 0.30 1847360 BBG000BNWG87 20379
FRANKLIN RESOURCES INC BEN 0.30 1850900 BBG000BD0TF8 54199
CLOROX COMPANY CLX 0.30 1846350 BBG000BFS7D3 18902
ILLINOIS TOOL WORKS ITW 0.29 1823500 BBG000BMBL90 6622
GENUINE PARTS CO GPC 0.29 1803190 BBG000BKL348 13291
LAM RESH CORP LRCX 0.28 1745630 BBG000BNFLM9 5790
GLENCORE PLC -UNSP ADR GLNCY 0.28 1727430 BBG001VKX1Z1 108235
EQUINIX INC EQIX 0.28 1758490 BBG000MBDGM6 1680
ABBVIE INC ABBV 0.27 1685710 BBG0025Y4RY4 6574
Barrick Mining Corp. B 0.27 1672650 N/A 37311
APPLIED MATERIALS INC AMAT 0.27 1700630 BBG000BBPFB9 3710
NETFLIX INC NFLX 0.26 1583230 BBG000CL9VN6 19534
EVERSOURCE ENERGY ES 0.26 1596040 BBG000BQ87N0 22755
PPG INDUSTRIES INC PPG 0.25 1578570 BBG000BRJ809 14073
International Business Machines Corporation IBM 0.24 1489280 BBG000BLNNH6 6368
PALO ALTO NETWORKS INC PANW 0.23 1417700 BBG0014GJCT9 3710
Cash & Other Cash&Other 0.23 1442980 N/A 1442980
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.23 1432430 BBG000PVRDL2 9497
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1355910 N/A 48082
DIGITAL REALTY TRUST INC DLR 0.20 1208560 BBG000Q5ZRM7 6512
SIMON PROPERTY GROUP INC SPG 0.20 1238250 BBG000BJ2D31 5832
SPACE EXPLORATION TECH CORP A SPCX 0.20 1267350 BBG000NQF3Z5 8820
NUCOR CORP NUE 0.20 1232970 BBG000BQ8KV2 4939
ERIE INDEMNITY COMPANY-CL A ERIE 0.20 1233330 BBG000BBTJZ1 4826
Vivmark Residential VMRK 0.19 1181630 BBG000BG8M31 18139.9
PUBLIC STORAGE PSA 0.18 1126650 BBG000BPPN67 3670
TEXAS INSTRUMENTS INC TXN 0.18 1089560 BBG000BVV7G1 4176
FRANCO-NEVADA CORP FNV 0.18 1110760 BBG000TRN6Z1 4221
LINDE PLC LIN 0.17 1048190 BBG01FND0CC1 2141
KLA CORPORATION KLAC 0.17 1065330 BBG000BMTFR4 6072
SANDISK CORP/DE SNDKV SNDK 0.17 1059090 BBG01R388JG1 676
Crowdstrike Holdings Inc. Class A CRWD 0.17 1046200 BBG00BLYKS03 4529
Ventas Inc. VTR 0.17 1059300 BBG000FRVHB9 11619
AMGEN INC AMGN 0.17 1083300 BBG000BBS2Y0 2520
VALE SA-SP ADR VALE 0.16 987565 BBG000BN5LG7 65445
T-MOBILE US INC TMUS 0.15 909057 BBG000NDV1D4 5038
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 876426 BBG0113JGQF0 1058
SHOPIFY INC - CLASS A SHOP 0.14 866241 BBG004DW5NB8 5878
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.14 878812 BBG00ZXBJ153 4152
GILEAD SCIENCES INC GILD 0.13 835309 BBG000CKGBP2 5708
ANALOG DEVICES INC ADI 0.13 810535 BBG000BB6G37 2245
IRON MOUNTAIN INC IRM 0.13 828213 BBG000KCZPC3 7180
QUALCOMM INC QCOM 0.13 809098 BBG000CGC1X8 4746
BOOKING HOLDINGS INC BKNG 0.12 732452 BBG000BLBVN4 3679
ASML HOLDING NV-NY REG SHS ASML 0.12 720804 BBG000K6MRN4 425
WESTERN DIGITAL CORP WDC 0.12 738001 BBG000BWNFZ9 1638
EXTRA SPACE STORAGE INC EXR 0.11 712132 BBG000PV27K3 5047
VICI PROPERTIES INC REIT VICI 0.11 661052 BBG00HVVB499 25772
VERTEX PHARMACEUTICALS INC VRTX 0.10 639266 BBG000C1S2X2 1174
INTUITIVE SURGICAL INC ISRG 0.10 615412 BBG000BJPDZ1 1633
STARBUCKS CORP SBUX 0.09 567056 BBG000CTQBF3 5337
FORTINET INC FTNT 0.09 565778 BBG000BCMBG4 3310
ROPER TECHNOLOGIES INC ROP 0.09 566470 BBG000F1ZSN5 1334
ADOBE SYSTEMS INC ADBE 0.09 548103 BBG000BB5006 1872
ARM HOLDINGS PLC ARM 0.08 473660 BBG01J1GXZF0 1958
MONSTER BEVERAGE CORP MNST 0.07 423612 BBG008NVB1C0 9225
MERCADOLIBRE INC MELI 0.07 458879 BBG000GQPB11 237
INTUIT INC INTU 0.07 455592 BBG000BH5DV1 1268
INVITATION HOMES INC REIT USD.01 INVH 0.07 411777 BBG00FQH6BS9 14131
APPLOVIN CORP APP 0.07 451551 BBG006HFPX77 1447
CSX CORP CSX 0.07 440700 BBG000BGJRC8 8725
CADENCE DESIGN SYS INC CDNS 0.07 432622 BBG000C13CD9 1277
ESSEX PROPERTY TRUST INC ESS 0.07 430948 BBG000CGJMB9 1523
COMCAST CORP-CLASS A CMCSA 0.07 443755 BBG000BFT2L4 16670
CONSTELLATION ENERGY CORPORATION CEG 0.07 457492 BBG014KFRNP7 1665
Marriott International, Inc Class A MAR 0.07 428225 BBG000BGD7W6 1253
DOORDASH INC CLASS A DASH 0.07 448417 BBG005D7QCJ3 1935
KIMCO REALTY CORP KIM 0.06 371133 BBG000CN3S73 15653
AIRBNB INC ABNB 0.06 366257 BBG001Y2XS07 1999
REGENERON PHARMACEUTICALS REGN 0.06 378764 BBG000C734W3 474
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 370368 BBG000B9ZXB4 3356
MCDONALDS CORP MCD 0.06 365044 BBG000BNSZP1 1395
CINTAS CORP CTAS 0.06 377953 BBG000H3YXF8 1873
CONSOLIDATED EDISON INC ED 0.06 370717 BBG000BHLYS1 3464
SYNOPSYS INC SNPS 0.06 389037 BBG000BSFRF3 885
Datadog Inc. Class A DDOG 0.06 366701 BBG003NJHZT9 1547
W. P. CAREY REIT INC WPC 0.06 368969 BBG000BCQM58 5274
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 369751 BBG000D4LWF6 5957
Sun Communities Inc SUI 0.06 353454 BBG000BLJWF3 2911
HOST HOTELS & RESORTS INC HST 0.06 359170 BBG000BL8804 16378
HEALTHPEAK PROPERTIES INC DOC 0.06 344696 BBG000BKYDP9 16556
AIR PRODUCTS & CHEMICALS INC APD 0.06 372590 BBG000BC4JJ4 1204
MID-AMERICA APARTMENT COMM MAA 0.06 355755 BBG000BLMY92 2761
ROSS STORES INC ROST 0.06 341896 BBG000BSBZH7 1496
OREILLY AUTOMOTIVE INC ORLY 0.05 338506 BBG000BGYWY6 3812
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.05 336716 BBG00CMNZNK7 336716
LUMENTUM HOLDINGS INC LITE 0.05 325655 BBG0073F9RT7 356
AMERICAN ELECTRIC POWER AEP 0.05 310605 BBG000BB9KF2 2537
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 319227 BBG022XF4SZ9 1495
PACCAR INC PCAR 0.05 306229 BBG000BQVTF5 2467
Warner Bros Discovery Inc WBD 0.05 333316 BBG011386VF4 11683
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 287784 BBG000C30L48 227
Baker Hughes Company BKR 0.05 288835 BBG00GBVBK51 4545
DIAMONDBACK ENERGY INC FANG 0.04 258619 BBG002PHSYX9 1290
AUTODESK INC ADSK 0.04 253359 BBG000BM7HL0 980
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 263592 BBG00LBLDDR2 3138
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 225006 BBG00B6BFWH9 2083
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 234793 BBG020QYV152 1485
XCEL ENERGY INC XEL 0.04 221393 BBG000BCTQ65 2925
FASTENAL CO FAST 0.04 263858 BBG000BJ8YN7 5351
AXON ENTERPRISE INC AXON 0.04 220958 BBG000BHJWG1 390
ASTERA LABS INC ALAB 0.04 232238 BBG00TDKHW99 782
TERADYNE INC TER 0.04 256775 BBG000BV4DR6 734
NXP Semiconductors NV NXPI 0.04 261930 BBG000BND699 1166
FERROVIAL SA FER 0.03 195960 BBG01H0DF657 3346.88
WORKDAY INC-CLASS A WDAY 0.03 188960 BBG000VC0T95 957
Nebius Group NV NBIS 0.03 214573 BBG001NVJ6W4 1040
COREWEAVE INC CRWV 0.03 176232 BBG011ZTRJ21 2076
DEXCOM INC DXCM 0.03 163453 BBG000QTF8K1 1795
MICROSTRATEGY INC-CL A MSTR 0.03 197815 BBG000GQJPZ0 1488
ROCKET LAB CORP RKLB 0.03 172712 BBG01V7JN3F3 2702
THOMSON REUTERS CORP TRI 0.03 189956 N/A 1770
PAYCHEX INC PAYX 0.03 211130 BBG000BQSQ38 1658
PAYPAL HOLDINGS INC PYPL 0.03 216348 BBG0077VNXV6 4108
MICROCHIP TECHNOLOGY INC MCHP 0.03 185314 BBG000BHCP19 2523
Old Dominion Freight Line Inc. ODFL 0.03 191562 BBG000CHSS88 958
EXELON CORP EXC 0.03 208413 BBG000J6XT05 4767
IDEXX LABS IDXX 0.03 201522 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 201904 BBG000BS1YV5 919
KEURIG DR PEPPER INC KDP 0.03 203108 BBG000TJM7F0 6375
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 146821 BBG000BFGNJ5 610
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 150865 BBG01BFR8YV1 2118
COPART INC CPRT 0.02 140142 BBG000BM9RH1 4248
KRAFT HEINZ CO/THE KHC 0.02 140877 BBG005CPNTQ2 5488

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.