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 01/08/2026
TICKER RAA
NET ASSETS $519M
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 $27.88
30 DAY MEDIAN BID-ASK SPREAD 0.000363

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 0.21% 3.44% 5.88% 6.54% - - 12.08% 9.50%
RAA - Market Price 0.18% 3.45% 5.89% 6.40% - - 12.11% 9.52%
S&P 500 Index Total Return 0.25% 3.65% 6.34% 8.12% - - 16.12% 13.18%
RAA 2025
NAV N/A
MARKET PRICE N/A
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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 01/08/2026

NET ASSET VALUE

$27.88

CLOSING PRICE

$27.89

PREMIUM/DISCOUNT

0.02%
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 3
Discount 0 5 13 16 1

Asset Allocation

As of 1/8/2026

Equities

57.88%
Nasdaq
28.75%
US Large Cap
16.96%
US Small Cap
4.12%
Dividend Payers
3.99%
Japan
2.03%
Emerging Ex. China
1.02%
Europe
1.01%

Fixed Income

21.03%
High Yield
5.94%
Corporate Bonds
4.93%
Emerging Mkt Bonds
3.94%
TIPS
2.96%
Long Term Treasuries
1.98%
T-Bills
1.28%

Alternatives

21.09%
Managed Futures
8.95%
Gold
5.10%
Miners
4.04%
Bitcoin
1.02%
Commodities
1.01%
Real Estate
0.97%
Energy
0.00%

Holdings

As of 01/08/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 16.96 87926300 BBG00RYR67P4 665151
iM DBi Managed Futures Strategy ETF DBMF 8.95 46419700 N/A 1641430
Schwab High Yield Bond ETF SCYB 5.94 30820900 BBG01F80WX71 1161300
SPROTT PHYSICAL GOLD TRUS PHYS 5.10 26456700 BBG000Q83F79 774720
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.93 25579700 BBG000PWYVH7 305320
VANGUARD SMALL-CAP ETF VB 4.12 21372300 BBG000HT3Z79 79383
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.94 20405400 BBG000NXKWH0 212534
SCHWAB U.S. TIPS ETF SCHP 2.96 15368900 BBG000BGN6P5 579301
NVIDIA CORP NVDA 2.56 13269200 BBG000BBJQV0 71710
APPLE INC AAPL 2.17 11273400 BBG000B9XRY4 43520
Franklin FTSE Japan ETF FLJP 2.03 10534900 BBG00J3MDY16 297260
MICROSOFT CORP MSFT 2.02 10463400 BBG000BPH459 21885
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.98 10244200 BBG00PZFJPC3 322651
AMAZON.COM INC AMZN 1.49 7745330 BBG000BVPV84 31448
Tesla Inc. TSLA 1.11 5765630 BBG000N9MNX3 13230
META PLATFORMS INC META 1.07 5533500 BBG000MM2P62 8565
ALPHABET INC-CL A GOOGL 1.07 5554940 BBG009S39JX6 17069
ISHARES MSCI EMR MRK EX CHNA EMXC 1.02 5310930 BBG00H5VLMJ6 70204
ISHARES MSCI GLOBAL METALS & PICK 1.02 5265810 BBG002GKR8T5 97714
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.02 5305710 N/A 131950
Franklin FTSE Europe ETF FLEE 1.01 5213140 BBG00J3PR1S7 140043
INVESCO OPTIMUM YIELD DIVERS PDBC 1.01 5223540 N/A 385217
ALPHABET INC-CL C GOOG 1.00 5165950 BBG009S3NB30 15846
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 0.98 5104320 BBG01922X0X9 102250
Broadcom Inc. AVGO 0.90 4646740 BBG00KHY5S69 13976
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.65 3380860 BBG000N7QR55 19116
COSTCO WHOLESALE CORP COST 0.63 3288710 BBG000F6H8W8 3593
NETFLIX INC NFLX 0.60 3103550 BBG000CL9VN6 34282
MICRON TECHNOLOGY INC MU 0.59 3057310 BBG000C5Z1S3 9349
ADVANCED MICRO DEVICES INC AMD 0.52 2708530 BBG000BBQCY0 13233
CISCO SYSTEMS INC CSCO 0.46 2392980 BBG000C3J3C9 32355
BHP GROUP LTD BHP 0.45 2348790 BBG000BD5NZ4 37312
ISHARES MSCI GLOBAL GOLD MIN RING 0.44 2303960 BBG002GKR6T9 29361
LAM RESH CORP LRCX 0.40 2088780 BBG000BNFLM9 10394
AUTOMATIC DATA PROCESSING ADP 0.37 1929560 BBG000JG0547 7263
APPLIED MATERIALS INC AMAT 0.36 1852350 BBG000BBPFB9 6577
T-MOBILE US INC TMUS 0.34 1783960 BBG000NDV1D4 9014
SHOPIFY INC - CLASS A SHOP 0.33 1736990 BBG008HBD923 10322
NEWMONT GOLDCORP CORPORATION COM NEM 0.33 1699550 BBG000BPWXK1 15900
INTUITIVE SURGICAL INC ISRG 0.33 1699070 BBG000BJPDZ1 2904
FREEPORT-MCMORAN INC FCX 0.33 1693830 BBG000BJDB15 31240
LINDE PLC LIN 0.32 1642240 BBG01FND0CC1 3735
QUALCOMM INC QCOM 0.31 1593000 BBG000CGC1X8 8759
APPLOVIN CORP APP 0.31 1586950 BBG006HFPX77 2574
PEPSICO INC PEP 0.30 1546170 BBG000DH7JK6 11094
INTEL CORP INTC 0.30 1570480 BBG000C0G1D1 38202
AGNICO EAGLE MINES LTD AEM 0.30 1576420 BBG000DLVDK3 8454
INTUIT INC INTU 0.29 1489440 BBG000BH5DV1 2286
FASTENAL CO FAST 0.28 1467850 BBG000BJ8YN7 35116
AMGEN INC AMGN 0.28 1441590 BBG000BBS2Y0 4367
KLA CORPORATION KLAC 0.28 1451760 BBG000BMTFR4 1096
BOOKING HOLDINGS INC BKNG 0.28 1437480 BBG000BLBVN4 264
TEXAS INSTRUMENTS INC TXN 0.27 1402820 BBG000BVV7G1 7444
RIO TINTO PLC-SPON ADR RIO 0.27 1389050 BBG000FD28T3 16499
GILEAD SCIENCES INC GILD 0.24 1233130 BBG000CKGBP2 10219
Barrick Mining Corp. B 0.24 1260100 N/A 26562
REALTY INCOME CORP O 0.23 1191450 BBG000DHPN63 20440
ANALOG DEVICES INC ADI 0.23 1194550 BBG000BB6G37 3993
ADOBE SYSTEMS INC ADBE 0.22 1138840 BBG000BB5006 3359
AIR PRODUCTS & CHEMICALS INC APD 0.21 1084590 BBG000BC4JJ4 4152
PALO ALTO NETWORKS INC PANW 0.21 1090990 BBG0014GJCT9 5718
FRANKLIN RESOURCES INC BEN 0.21 1089160 BBG000BD0TF8 42796
T ROWE PRICE GROUP INC TROW 0.21 1069630 BBG000BVMPN3 9852
STANLEY BLACK & DECKER INC SWK 0.21 1106630 BBG000BTQR96 13580
HONEYWELL INTERNATIONAL INC HON 0.20 1051860 BBG000H556T9 5125
MEDTRONIC PLC MDT 0.20 1042560 BBG000BNWG87 10564
CLOROX COMPANY CLX 0.20 1055640 BBG000BFS7D3 10126
ILLINOIS TOOL WORKS ITW 0.20 1039020 BBG000BMBL90 4095
AMCOR PLC AMCR 0.20 1055250 BBG00LNJRQ09 121713
KENVUE INC KVUE 0.19 1001140 BBG01C79X561 58925
GENUINE PARTS CO GPC 0.19 968090 BBG000BKL348 7639
HORMEL FOODS CORP HRL 0.19 973896 BBG000BLF8D2 42584
Kimberly-Clark Corp KMB 0.19 993742 BBG000BMW2Z0 10051
VERTEX PHARMACEUTICALS INC VRTX 0.19 963783 BBG000C1S2X2 2052
GLENCORE PLC -UNSP ADR GLNCY 0.18 924770 BBG001VKX1Z1 75154
Crowdstrike Holdings Inc. Class A CRWD 0.18 952789 BBG00BLYKS03 2054
FRANCO-NEVADA CORP FNV 0.17 884940 BBG000RD3CL8 3924
ABBVIE INC ABBV 0.17 896072 BBG0025Y4RY4 3998
MERCADOLIBRE INC MELI 0.17 887179 BBG000GQPB11 407
CONSOLIDATED EDISON INC ED 0.17 903223 BBG000BHLYS1 9016
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.16 851111 BBG000PVRDL2 6876
COMCAST CORP-CLASS A CMCSA 0.16 822745 BBG000BFT2L4 29165
VALE SA-SP ADR VALE 0.16 823208 BBG000BN5LG7 58508
CONSTELLATION ENERGY CORPORATION CEG 0.16 815381 BBG014KFRNP7 2528
STARBUCKS CORP SBUX 0.16 812050 BBG000CTQBF3 9209
ASML HOLDING NV-NY REG SHS ASML 0.16 834830 BBG000K6MRN4 699
International Business Machines Corporation IBM 0.16 845497 BBG000BLNNH6 2793
SYNOPSYS INC SNPS 0.15 771220 BBG000BSFRF3 1499
Anglo American PLC NGLOD 0.15 752296 N/A 35154
CADENCE DESIGN SYS INC CDNS 0.14 701679 BBG000C13CD9 2201
Marriott International, Inc Class A MAR 0.14 703430 BBG000BGD7W6 2165
DOORDASH INC CLASS A DASH 0.14 741547 BBG005D7QCJ3 3309
REGENERON PHARMACEUTICALS REGN 0.13 674450 BBG000C734W3 842
WELLTOWER INC WELL 0.13 695682 BBG000BKY1G5 3734
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.13 648736 BBG00LBLDDR2 5335
CHEVRON CORP CVX 0.12 605946 BBG000K4ND22 3805
CINCINNATI FINANCIAL CORP CINF 0.12 621775 BBG000BFPK65 3764
MONSTER BEVERAGE CORP MNST 0.12 600850 BBG008NVB1C0 7844
CINTAS CORP CTAS 0.12 621579 BBG000H3YXF8 3267
PROLOGIS INC PLD 0.12 609981 BBG000B9Z0J8 4751
OREILLY AUTOMOTIVE INC ORLY 0.12 623267 BBG000BGYWY6 6802
MONDELEZ INTERNATIONAL INC-A MDLZ 0.11 574292 BBG000D4LWF6 10637
Warner Bros Discovery Inc WBD 0.11 565296 BBG011386VF4 19961
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.11 569554 BBG00ZXBJ153 6830
PACCAR INC PCAR 0.10 504478 BBG000BQVTF5 4268
WESTERN DIGITAL CORP WDC 0.10 520437 BBG000BWNFZ9 2773
AMERICAN ELECTRIC POWER AEP 0.10 502904 BBG000BB9KF2 4338
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.10 496116 BBG0113JGQF0 1744
ROSS STORES INC ROST 0.10 493995 BBG000BSBZH7 2610
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.10 541194 BBG00CMNZNK7 541194
CSX CORP CSX 0.10 531566 BBG000BGJRC8 15050
EQUINIX INC EQIX 0.09 466782 BBG000MBDGM6 597
AIRBNB INC ABNB 0.09 479625 BBG001Y2XS07 3459
NXP Semiconductors NV NXPI 0.09 479586 BBG000BND699 2016
IDEXX LABS IDXX 0.09 460204 BBG000BLRT07 646
THOMSON REUTERS CORP COMMON STOCK TRI 0.09 461240 N/A 3565
FORTINET INC FTNT 0.09 475090 BBG000BCMBG4 6087
TARGET CORP TGT 0.09 447649 BBG000H8TVT2 4210
AUTODESK INC ADSK 0.09 478207 BBG000BM7HL0 1729
PAYPAL HOLDINGS INC PYPL 0.08 438190 BBG0077VNXV6 7520
AXON ENTERPRISE INC AXON 0.08 393533 BBG000BHJWG1 642
ALNYLAM PHARMACEUTICALS INC ALNY 0.08 430953 BBG000BFGNJ5 1079
FERROVIAL SE FER 0.08 399903 BBG01H7CZ9S9 5928
ASTRAZENECA PLC-SPONS ADR AZN 0.08 436488 BBG000BZ0DK8 4643
ELECTRONIC ARTS INC EA 0.08 413750 BBG000BP0KQ8 2026
XCEL ENERGY INC XEL 0.07 351490 BBG000BCTQ65 4790
ROPER TECHNOLOGIES INC ROP 0.07 371472 BBG000F1ZSN5 855
SIMON PROPERTY GROUP INC SPG 0.07 355162 BBG000BJ2D31 1920
EXELON CORP EXC 0.07 351554 BBG000J6XT05 8091
MONOLITHIC POWER SYSTEMS INC MPWR 0.07 366372 BBG000C30L48 382
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.07 377056 BBG000BS1YV5 1494
Baker Hughes Company BKR 0.07 387193 BBG00GBVBK51 7713
DIGITAL REALTY TRUST INC DLR 0.07 349751 BBG000Q5ZRM7 2287
WORKDAY INC-CLASS A WDAY 0.07 357902 BBG000VC0T95 1706
Datadog Inc. Class A DDOG 0.07 337677 BBG003NJHZT9 2584
MICROSTRATEGY INC-CL A MSTR 0.07 364662 BBG000GQJPZ0 2184
INSMED INC INSM 0.06 289459 BBG000BWM5P3 1700
AO Smith Corp AOS 0.06 290541 BBG000BC1L02 4127
MICROCHIP TECHNOLOGY INC MCHP 0.06 319635 BBG000BHCP19 4347
PAYCHEX INC PAYX 0.06 327783 BBG000BQSQ38 2869
PUBLIC STORAGE PSA 0.06 319922 BBG000BPPN67 1180
Zscaler Inc. ZS 0.06 285975 BBG003338H34 1298
Old Dominion Freight Line Inc. ODFL 0.06 286029 BBG000CHSS88 1672
COGNIZANT TECH SOLUTIONS-A CTSH 0.06 332187 BBG000BBDV81 3873
KEURIG DR PEPPER INC KDP 0.06 305008 BBG000TJM7F0 11047
COPART INC CPRT 0.06 307362 BBG000BM9RH1 7873
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.06 329059 BBG01BFR8YV1 3734
DIAMONDBACK ENERGY INC FANG 0.06 332678 BBG002PHSYX9 2253
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 327881 BBG00B6BFWH9 3720
Ventas Inc. VTR 0.05 240631 BBG000FRVHB9 3205
VERISK ANALYTICS INC VRSK 0.05 249592 BBG000BCZL41 1120
PPG INDUSTRIES INC PPG 0.05 242611 BBG000BRJ809 2304
ATLASSIAN CORP PLC-CLASS A TEAM 0.04 203075 BBG01BGWHFR5 1359
KRAFT HEINZ CO/THE KHC 0.04 227341 BBG005CPNTQ2 9703
AVALONBAY COMMUNITIES INC AVB 0.04 205433 BBG000BLPBL5 1116
COSTAR GROUP INC CSGP 0.04 214085 BBG000D7JKW9 3489
CHARTER COMMUNICATIONS INC-A CHTR 0.04 221873 BBG000VPGNR2 1058
EXTRA SPACE STORAGE INC EXR 0.04 209570 BBG000PV27K3 1537
VICI PROPERTIES INC REIT VICI 0.04 197722 BBG00HVVB499 7097
NEXTERA ENERGY INC NEE 0.04 201428 BBG000BJSBJ0 2534
JOHNSON & JOHNSON JNJ 0.04 202664 BBG000BMHYD1 985
DEXCOM INC DXCM 0.04 211586 BBG000QTF8K1 3092
MCDONALDS CORP MCD 0.04 203243 BBG000BNSZP1 658
EQUITY RESIDENTIAL EQR 0.03 156232 BBG000BG8M31 2485
IRON MOUNTAIN INC IRM 0.03 155168 BBG000KCZPC3 1777
Sun Communities Inc SUI 0.02 99278.4 BBG000BLJWF3 791
ESSEX PROPERTY TRUST INC ESS 0.02 97898 BBG000CGJMB9 381
MID-AMERICA APARTMENT COMM MAA 0.02 104736 BBG000BLMY92 756
Omega Healthcare Investors Inc OHI 0.02 98787.5 BBG000BGBTC2 2211
KIMCO REALTY CORP KIM 0.02 101945 BBG000CN3S73 4944
INVITATION HOMES INC REIT USD.01 INVH 0.02 96729.8 BBG00FQH6BS9 3631
W. P. CAREY REIT INC WPC 0.02 102269 BBG000BCQM58 1516
Cash & Other Cash&Other 0.00 4361.92 N/A 4361.92
Solstice Advanced Materials Inc. SOLSV 0.00 7568.98 BBG01X5744P5 145.25
Versant Media Group Inc VSNT 0.00 41.78 BBG01Y0M8K11 1.24

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.