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 03/12/2026
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 $28.03
30 DAY MEDIAN BID-ASK SPREAD 0.000703

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

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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 03/12/2026

NET ASSET VALUE

$28.03

CLOSING PRICE

$28.03

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 29
Discount 0 5 13 16 5

Asset Allocation

As of 3/12/2026

Equities

44.40%
Nasdaq
18.21%
US Large Cap
14.98%
Dividend Payers
4.63%
US Small Cap
1.94%
Japan
1.87%
Emerging Ex. China
1.83%
Europe
0.94%

Fixed Income

31.56%
Corporate Bonds
8.99%
High Yield
8.05%
Emerging Mkt Bonds
4.98%
Long Term Treasuries
4.92%
TIPS
3.05%
T-Bills
1.57%

Alternatives

24.04%
Managed Futures
7.07%
Miners
4.53%
Energy
4.08%
Gold
3.96%
Commodities
2.37%
Real Estate
2.03%
Bitcoin
0.00%

Holdings

As of 03/12/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.98 81155600 BBG00RYR67P4 636814
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 8.99 48718100 BBG000PWYVH7 589165
SCHWAB HIGH YIELD BOND ETF SCYB 8.05 43599600 BBG01F80WX71 1678200
iM DBi Managed Futures Strategy ETF DBMF 7.07 38290500 N/A 1239180
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.98 26961900 BBG000NXKWH0 284288
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 4.92 26678700 BBG00PZFJPC3 845600
SPROTT PHYSICAL GOLD TRUS PHYS 3.96 21481000 BBG000Q83F79 556071
SCHWAB U.S. TIPS ETF SCHP 3.05 16516100 BBG000BGN6P5 617423
INVESCO OPTIMUM YIELD DIVERS PDBC 2.37 12861800 N/A 747345
VANGUARD SMALL-CAP ETF VB 1.94 10508500 BBG000HT3Z79 40301
Franklin FTSE Japan ETF FLJP 1.87 10111200 BBG00J3MDY16 280634
ISHARES MSCI EMR MRK EX CHNA EMXC 1.83 9926640 BBG00H5VLMJ6 126858
NVIDIA CORP NVDA 1.64 8891450 BBG000BBJQV0 48550
APPLE INC AAPL 1.38 7493260 BBG000B9XRY4 29298
ISHARES MSCI GLOBAL METALS & PICK 1.09 5910890 BBG002GKR8T5 103247
MICROSOFT CORP MSFT 1.09 5921000 BBG000BPH459 14734
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.02 5551990 BBG01922X0X9 111240
Franklin FTSE Europe ETF FLEE 0.94 5118070 BBG00J3PR1S7 140298
AMAZON.COM INC AMZN 0.80 4351100 BBG000BVPV84 20766
Tesla Inc. TSLA 0.72 3912180 BBG000N9MNX3 9904
META PLATFORMS INC META 0.69 3723780 BBG000MM2P62 5835
ALPHABET INC-CL A GOOGL 0.63 3432240 BBG009S39JX6 11307
CHEVRON CORP CVX 0.61 3279160 BBG000K4ND22 16648
ALPHABET INC-CL C GOOG 0.59 3186130 BBG009S3NB30 10508
WAL-MART STORES INC WMT 0.59 3201180 BBG000BWXBC2 25542
Broadcom Inc. AVGO 0.57 3110070 BBG00KHY5S69 9257
BHP GROUP LTD BHP 0.50 2707160 BBG000BD5NZ4 38253
ISHARES MSCI GLOBAL GOLD MIN RING 0.49 2643450 BBG002GKR6T9 30961
MARATHON PETROLEUM CORP MPC 0.48 2619810 BBG001DCCGR8 11387
CANADIAN NATURAL RESOURCES CNQ 0.46 2479720 BBG000HW5GX3 51065
OCCIDENTAL PETROLEUM CORP OXY 0.46 2469570 BBG000BQQ2S6 42280
MICRON TECHNOLOGY INC MU 0.46 2471820 BBG000C5Z1S3 6098
Cheniere Energy Inc LNG 0.44 2403100 BBG000C3HSR0 9467
COSTCO WHOLESALE CORP COST 0.44 2356800 BBG000F6H8W8 2349
EQT CORP EQT 0.43 2333440 BBG000BHZ5J9 36099
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.43 2353730 BBG000BRK7L6 39393
EXXON MOBIL CORP XOM 0.42 2256580 BBG000GZQ728 14698
WILLIAMS COMPANIES INC. WMB 0.40 2149610 BBG000BWVCP8 29662
NEWMONT GOLDCORP CORPORATION COM NEM 0.36 1945700 BBG000BPWXK1 16996
SCHLUMBERGER LTD SLB 0.36 1937560 BBG000BT41Q8 43482
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.35 1886980 BBG000N7QR55 12293
NETFLIX INC NFLX 0.35 1907420 BBG000CL9VN6 20225
FREEPORT-MCMORAN INC FCX 0.35 1915090 BBG000BJDB15 32344
REALTY INCOME CORP O 0.34 1868120 BBG000DHPN63 28727
AGNICO EAGLE MINES LTD AEM 0.34 1840420 BBG000DLVDK3 8433
ADVANCED MICRO DEVICES INC AMD 0.33 1765420 BBG000BBQCY0 8928
AUTOMATIC DATA PROCESSING ADP 0.33 1777890 BBG000JG0547 8641
CISCO SYSTEMS INC CSCO 0.30 1640620 BBG000C3J3C9 21104
RIO TINTO PLC-SPON ADR RIO 0.29 1586980 BBG000FD28T3 17497
APPLIED MATERIALS INC AMAT 0.27 1452960 BBG000BBPFB9 4308
WELLTOWER INC WELL 0.27 1468140 BBG000BKY1G5 7120
LAM RESH CORP LRCX 0.26 1427050 BBG000BNFLM9 6812
FASTENAL CO FAST 0.26 1396050 BBG000BJ8YN7 30852
TARGET CORP TGT 0.26 1422220 BBG000H8TVT2 12287
ABBVIE INC ABBV 0.25 1359880 BBG0025Y4RY4 6034
EVERSOURCE ENERGY ES 0.25 1342740 BBG000BQ87N0 18341
AIR PRODUCTS & CHEMICALS INC APD 0.24 1318490 BBG000BC4JJ4 4539
PROLOGIS INC PLD 0.24 1275870 BBG000B9Z0J8 9673
T ROWE PRICE GROUP INC TROW 0.24 1303350 BBG000BVMPN3 14826
Barrick Mining Corp. B 0.23 1270190 N/A 28550
KENVUE INC KVUE 0.23 1267540 BBG01C79X561 72889
T-MOBILE US INC TMUS 0.23 1266500 BBG000NDV1D4 5908
HORMEL FOODS CORP HRL 0.23 1222990 BBG000BLF8D2 53876
ILLINOIS TOOL WORKS ITW 0.23 1272050 BBG000BMBL90 4789
Kimberly-Clark Corp KMB 0.23 1222850 BBG000BMW2Z0 12501
FRANKLIN RESOURCES INC BEN 0.23 1255130 BBG000BD0TF8 52803
LINDE PLC LIN 0.22 1214750 BBG01FND0CC1 2477
GENUINE PARTS CO GPC 0.22 1176040 BBG000BKL348 10990
AMCOR PLC COMMON STOCK USD.01 AMCR 0.21 1154120 N/A 28616.8
PEPSICO INC PEP 0.21 1150780 BBG000DH7JK6 7244
STANLEY BLACK & DECKER INC SWK 0.21 1152300 BBG000BTQR96 16209
INTEL CORP INTC 0.21 1160160 BBG000C0G1D1 25639
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.20 1086660 BBG00CMNZNK7 1086660
FRANCO-NEVADA CORP FNV 0.20 1095110 BBG000RD3CL8 4156
GLENCORE PLC -UNSP ADR GLNCY 0.19 1043940 BBG001VKX1Z1 73986
CLOROX COMPANY CLX 0.19 1045110 BBG000BFS7D3 9612
AMGEN INC AMGN 0.19 1039370 BBG000BBS2Y0 2826
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.19 1045900 BBG000PVRDL2 7177
MEDTRONIC PLC MDT 0.19 1032570 BBG000BNWG87 11817
International Business Machines Corporation IBM 0.19 1004590 BBG000BLNNH6 4056
KLA CORPORATION KLAC 0.18 999385 BBG000BMTFR4 709
EQUINIX INC EQIX 0.18 1001590 BBG000MBDGM6 1031
INTUITIVE SURGICAL INC ISRG 0.17 916364 BBG000BJPDZ1 1912
GILEAD SCIENCES INC GILD 0.17 930738 BBG000CKGBP2 6446
TEXAS INSTRUMENTS INC TXN 0.17 945689 BBG000BVV7G1 4976
SHOPIFY INC - CLASS A SHOP 0.16 873727 BBG008HBD923 6925
VALE SA-SP ADR VALE 0.16 876170 BBG000BN5LG7 58140
HONEYWELL INTERNATIONAL INC HON 0.15 791459 BBG000H556T9 3391
ANALOG DEVICES INC ADI 0.15 812422 BBG000BB6G37 2644
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.14 779699 N/A 35766
APPLOVIN CORP APP 0.14 753526 BBG006HFPX77 1677
BOOKING HOLDINGS INC BKNG 0.14 733882 BBG000BLBVN4 174
PALO ALTO NETWORKS INC PANW 0.14 740737 BBG0014GJCT9 4406
QUALCOMM INC QCOM 0.14 770113 BBG000CGC1X8 5872
DIGITAL REALTY TRUST INC DLR 0.13 729442 BBG000Q5ZRM7 4071
SIMON PROPERTY GROUP INC SPG 0.13 711453 BBG000BJ2D31 3793
ASML HOLDING NV-NY REG SHS ASML 0.12 637946 BBG000K6MRN4 472
VERTEX PHARMACEUTICALS INC VRTX 0.12 624916 BBG000C1S2X2 1307
INTUIT INC INTU 0.12 635725 BBG000BH5DV1 1461
PUBLIC STORAGE PSA 0.12 641034 BBG000BPPN67 2153
CONSTELLATION ENERGY CORPORATION CEG 0.11 578976 BBG014KFRNP7 1920
Crowdstrike Holdings Inc. Class A CRWD 0.11 619922 BBG00BLYKS03 1404
COMCAST CORP-CLASS A CMCSA 0.11 583355 BBG000BFT2L4 19342
ADOBE SYSTEMS INC ADBE 0.11 598642 BBG000BB5006 2219
STARBUCKS CORP SBUX 0.11 611899 BBG000CTQBF3 6108
CINCINNATI FINANCIAL CORP CINF 0.10 551977 BBG000BFPK65 3361
Ventas Inc. VTR 0.10 550473 BBG000FRVHB9 6386
VICI PROPERTIES INC REIT VICI 0.09 473794 BBG00HVVB499 16520
WESTERN DIGITAL CORP WDC 0.09 479265 BBG000BWNFZ9 1835
Marriott International, Inc Class A MAR 0.09 472883 BBG000BGD7W6 1495
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.08 434565 BBG0113JGQF0 1162
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.08 408367 BBG00ZXBJ153 4658
SYNOPSYS INC SNPS 0.08 426675 BBG000BSFRF3 1019
MERCADOLIBRE INC MELI 0.08 450240 BBG000GQPB11 268
OREILLY AUTOMOTIVE INC ORLY 0.08 410414 BBG000BGYWY6 4414
CADENCE DESIGN SYS INC CDNS 0.08 416609 BBG000C13CD9 1435
EXTRA SPACE STORAGE INC EXR 0.08 411148 BBG000PV27K3 2933
CINTAS CORP CTAS 0.08 410291 BBG000H3YXF8 2123
Warner Bros Discovery Inc WBD 0.07 367644 BBG011386VF4 13403
DOORDASH INC CLASS A DASH 0.07 353262 BBG005D7QCJ3 2184
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.07 368372 BBG00LBLDDR2 3625
AMERICAN ELECTRIC POWER AEP 0.07 372332 BBG000BB9KF2 2816
MONSTER BEVERAGE CORP MNST 0.07 399578 BBG008NVB1C0 5190
ROSS STORES INC ROST 0.07 370839 BBG000BSBZH7 1771
REGENERON PHARMACEUTICALS REGN 0.07 405409 BBG000C734W3 543
EQUITY RESIDENTIAL EQR 0.07 368913 BBG000BG8M31 6121
AVALONBAY COMMUNITIES INC AVB 0.07 373722 BBG000BLPBL5 2185
IRON MOUNTAIN INC IRM 0.07 380447 BBG000KCZPC3 3543
CSX CORP CSX 0.07 395651 BBG000BGJRC8 10088
MONDELEZ INTERNATIONAL INC-A MDLZ 0.07 373276 BBG000D4LWF6 6868
FORTINET INC FTNT 0.06 348741 BBG000BCMBG4 4132
CONSOLIDATED EDISON INC ED 0.06 302283 BBG000BHLYS1 2672
PACCAR INC PCAR 0.06 330133 BBG000BQVTF5 2826
FERROVIAL SE FER 0.05 249807 BBG01H7CZ9S9 3882
THOMSON REUTERS CORP COMMON STOCK TRI 0.05 246214 N/A 2480
AIRBNB INC ABNB 0.05 293710 BBG001Y2XS07 2300
NXP Semiconductors NV NXPI 0.05 262928 BBG000BND699 1375
Baker Hughes Company BKR 0.05 290512 BBG00GBVBK51 5197
INVITATION HOMES INC REIT USD.01 INVH 0.05 264333 BBG00FQH6BS9 10527
AUTODESK INC ADSK 0.05 274129 BBG000BM7HL0 1097
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.05 248520 BBG00B6BFWH9 2455
DIAMONDBACK ENERGY INC FANG 0.05 268347 BBG002PHSYX9 1516
ELECTRONIC ARTS INC EA 0.05 268957 BBG000BP0KQ8 1351
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 269843 BBG000C30L48 261
MCDONALDS CORP MCD 0.05 264634 BBG000BNSZP1 817
MID-AMERICA APARTMENT COMM MAA 0.05 262782 BBG000BLMY92 2057
ESSEX PROPERTY TRUST INC ESS 0.05 269731 BBG000CGJMB9 1073
JOHNSON & JOHNSON JNJ 0.05 270843 BBG000BMHYD1 1119
EXELON CORP EXC 0.05 259770 BBG000J6XT05 5250
XCEL ENERGY INC XEL 0.05 250390 BBG000BCTQ65 3121
Datadog Inc. Class A DDOG 0.04 229397 BBG003NJHZT9 1804
KEURIG DR PEPPER INC KDP 0.04 196535 BBG000TJM7F0 7298
AXON ENTERPRISE INC AXON 0.04 210247 BBG000BHJWG1 421
IDEXX LABS IDXX 0.04 238766 BBG000BLRT07 418
ROPER TECHNOLOGIES INC ROP 0.04 197665 BBG000F1ZSN5 570
PAYPAL HOLDINGS INC PYPL 0.04 219227 BBG0077VNXV6 4942
Old Dominion Freight Line Inc. ODFL 0.04 194569 BBG000CHSS88 1104
MICROSTRATEGY INC-CL A MSTR 0.04 200791 BBG000GQJPZ0 1462
AO Smith Corp AOS 0.04 239852 BBG000BC1L02 3603
ALNYLAM PHARMACEUTICALS INC ALNY 0.04 216668 BBG000BFGNJ5 683
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 208363 BBG000BS1YV5 996
PPG INDUSTRIES INC PPG 0.04 228456 BBG000BRJ809 2268
Cash & Other Cash&Other 0.04 219828 N/A 219828
Sun Communities Inc SUI 0.04 220455 BBG000BLJWF3 1633
KIMCO REALTY CORP KIM 0.04 214996 BBG000CN3S73 9368
Omega Healthcare Investors Inc OHI 0.04 219784 BBG000BGBTC2 4541
W. P. CAREY REIT INC WPC 0.04 210978 BBG000BCQM58 2938
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.03 176458 BBG01BFR8YV1 2509
Zscaler Inc. ZS 0.03 147971 BBG003338H34 976
WORKDAY INC-CLASS A WDAY 0.03 161907 BBG000VC0T95 1207
INSMED INC INSM 0.03 161146 BBG000BWM5P3 1155
PAYCHEX INC PAYX 0.03 173990 BBG000BQSQ38 1898
COPART INC CPRT 0.03 171311 BBG000BM9RH1 5043
VERISK ANALYTICS INC VRSK 0.03 141834 BBG000BCZL41 718
CHARTER COMMUNICATIONS INC-A CHTR 0.03 146469 BBG000VPGNR2 681
MICROCHIP TECHNOLOGY INC MCHP 0.03 189570 BBG000BHCP19 3022
KRAFT HEINZ CO/THE KHC 0.03 145502 BBG005CPNTQ2 6516
DEXCOM INC DXCM 0.03 142854 BBG000QTF8K1 2189
COGNIZANT TECH SOLUTIONS-A CTSH 0.03 164329 BBG000BBDV81 2686
COSTAR GROUP INC CSGP 0.02 97820.2 BBG000D7JKW9 2256
ATLASSIAN CORP PLC-CLASS A TEAM 0.01 70259.7 BBG01BGWHFR5 958
ASTRAZENECA PLC AZNCF 0.00 577.5 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.