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 07/10/2025
TICKER RAA
NET ASSETS $445M
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 $25.79
30 DAY MEDIAN BID-ASK SPREAD 0.000786

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 3.48% - 6.98% - - - 2.78% -
RAA - Market Price 3.45% - 6.79% - - - 2.95% -
S&P 500 Index Total Return 5.09% - 10.94% - 6.20% - 4.68% -
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

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 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Premium 0 0 23 54 7
Discount 0 0 0 5 0

Holdings

As of 07/10/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.12 67348900 BBG00RYR67P4 561288
Schwab High Yield Bond ETF SCYB 9.83 43780800 BBG01F80WX71 1661510
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 7.86 35015700 BBG000PWYVH7 425413
INVESCO OPTIMUM YIELD DIVERS PDBC 7.05 31412500 N/A 2370750
SPROTT PHYSICAL GOLD TRUS PHYS 5.00 22255600 BBG000Q83F79 875171
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.93 21977700 BBG000NXKWH0 238266
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 4.91 21876600 BBG00PZFJPC3 695377
SCHWAB U.S. TIPS ETF SCHP 3.94 17543100 BBG000BGN6P5 661007
GRAYSCALE BITCN MINI TRU ETF BTC.UP 3.37 15016600 N/A 298718
NVIDIA CORP NVDA 2.03 9038790 BBG000BBJQV0 55081
Franklin FTSE Europe ETF FLEE 2.01 8968000 BBG00J3PR1S7 261306
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.97 8790720 BBG01922X0X9 176308
iM DBi Managed Futures Strategy ETF DBMF 1.97 8797450 N/A 342047
MICROSOFT CORP MSFT 1.97 8793450 BBG000BPH459 17535
APPLE INC AAPL 1.83 8158460 BBG000B9XRY4 38409
AMAZON.COM INC AMZN 1.26 5633400 BBG000BVPV84 25346
Broadcom Inc. AVGO 1.08 4830520 BBG00KHY5S69 17540
ISHARES MSCI GLOBAL METALS & PICK 1.04 4632640 BBG002GKR8T5 117282
VANGUARD SMALL-CAP ETF VB 1.02 4564300 BBG000HT3Z79 18645
ISHARES MSCI EMR MRK EX CHNA EMXC 1.00 4445770 BBG00H5VLMJ6 69946
Franklin FTSE Japan ETF FLJP 0.97 4315350 BBG00J3MDY16 137519
META PLATFORMS INC META 0.80 3554750 BBG000MM2P62 4888
Tesla Inc. TSLA 0.73 3235040 BBG000N9MNX3 10440
NETFLIX INC NFLX 0.68 3012670 BBG000CL9VN6 2409
COSTCO WHOLESALE CORP COST 0.63 2788270 BBG000F6H8W8 2874
ALPHABET INC-CL A GOOGL 0.58 2563230 BBG009S39JX6 14431
ALPHABET INC-CL C GOOG 0.55 2436040 BBG009S3NB30 13632
Palantir Technologies Inc. Class A PLTR 0.40 1768140 BBG000N7QR55 12408
T-MOBILE US INC TMUS 0.37 1654320 BBG000NDV1D4 7251
CISCO SYSTEMS INC CSCO 0.35 1573710 BBG000C3J3C9 22887
PEPSICO INC PEP 0.32 1407480 BBG000DH7JK6 10343
LINDE PLC LIN 0.31 1386090 BBG01FND0CC1 2947
INTUIT INC INTU 0.28 1262460 BBG000BH5DV1 1688
INTUITIVE SURGICAL INC ISRG 0.27 1216230 BBG000BJPDZ1 2312
TEXAS INSTRUMENTS INC TXN 0.26 1152120 BBG000BVV7G1 5245
ADVANCED MICRO DEVICES INC AMD 0.26 1167980 BBG000BBQCY0 8102
BOOKING HOLDINGS INC BKNG 0.25 1132260 BBG000BLBVN4 198
PROLOGIS INC PLD 0.25 1108280 BBG000B9Z0J8 10223
CHEVRON CORP CVX 0.24 1089980 BBG000K4ND22 7070
WELLTOWER INC WELL 0.24 1067820 BBG000BKY1G5 6992
ADOBE SYSTEMS INC ADBE 0.24 1087920 BBG000BB5006 2929
OCCIDENTAL PETROLEUM CORP OXY 0.24 1065000 BBG000BQQ2S6 23228
QUALCOMM INC QCOM 0.23 1026290 BBG000CGC1X8 6451
AMGEN INC AMGN 0.23 1040180 BBG000BBS2Y0 3463
MARATHON PETROLEUM CORP MPC 0.22 969076 BBG001DCCGR8 5317
CANADIAN NATURAL RESOURCES CNQ 0.22 997062 BBG000HW5GX3 31364
HONEYWELL INTERNATIONAL INC HON 0.21 940687 BBG000H556T9 3973
APPLIED MATERIALS INC AMAT 0.21 944999 BBG000BBPFB9 4772
SCHLUMBERGER LTD SLB 0.21 955539 BBG000BT41Q8 26072
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.21 929918 BBG000BRK7L6 23596
EXXON MOBIL CORP XOM 0.21 940012 BBG000GZQ728 8179
GILEAD SCIENCES INC GILD 0.20 905210 BBG000CKGBP2 7903
SHOPIFY INC - CLASS A SHOP 0.19 824430 BBG008HBD923 7159
AUTOMATIC DATA PROCESSING ADP 0.19 830301 BBG000JG0547 2715
Cheniere Energy Inc LNG 0.19 853534 BBG000C3HSR0 3644
EQT CORP EQT 0.19 827177 BBG000BHZ5J9 15172
EQUINIX INC EQIX 0.18 806700 BBG000MBDGM6 1063
WILLIAMS COMPANIES INC. WMB 0.18 813600 BBG000BWVCP8 14081
VERTEX PHARMACEUTICALS INC VRTX 0.18 780195 BBG000C1S2X2 1627
LAM RESH CORP LRCX 0.17 770886 BBG000BNFLM9 7628
APPLOVIN CORP APP 0.17 747705 BBG006HFPX77 2159
COMCAST CORP-CLASS A CMCSA 0.17 757421 BBG000BFT2L4 21384
REALTY INCOME CORP O 0.17 762236 BBG000DHPN63 13389
MERCADOLIBRE INC MELI 0.17 742249 BBG000GQPB11 309
KLA CORPORATION KLAC 0.16 728967 BBG000BMTFR4 785
PALO ALTO NETWORKS INC PANW 0.16 695101 BBG0014GJCT9 3619
ANALOG DEVICES INC ADI 0.15 688325 BBG000BB6G37 2808
MICRON TECHNOLOGY INC MU 0.15 675505 BBG000C5Z1S3 5487
Crowdstrike Holdings Inc. Class A CRWD 0.14 604504 BBG00BLYKS03 1241
DIGITAL REALTY TRUST INC DLR 0.14 610659 BBG000Q5ZRM7 3582
INTEL CORP INTC 0.14 611126 BBG000C0G1D1 25656
STARBUCKS CORP SBUX 0.14 617809 BBG000CTQBF3 6493
SIMON PROPERTY GROUP INC SPG 0.13 590872 BBG000BJ2D31 3615
CINTAS CORP CTAS 0.13 556992 BBG000H3YXF8 2572
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.12 533377 BBG00CMNZNK7 533377
CONSTELLATION ENERGY CORPORATION CEG 0.12 552598 BBG014KFRNP7 1762
DOORDASH INC CLASS A DASH 0.12 512931 BBG005D7QCJ3 2153
PUBLIC STORAGE PSA 0.12 524533 BBG000BPPN67 1816
MICROSTRATEGY INC-CL A MSTR 0.12 546153 BBG000GQJPZ0 1295
SYNOPSYS INC SNPS 0.11 489188 BBG000BSFRF3 864
MONDELEZ INTERNATIONAL INC-A MDLZ 0.11 493217 BBG000D4LWF6 7345
CADENCE DESIGN SYS INC CDNS 0.11 470438 BBG000C13CD9 1458
FORTINET INC FTNT 0.10 434968 BBG000BCMBG4 4341
PAYPAL HOLDINGS INC PYPL 0.10 431566 BBG0077VNXV6 5701
Marriott International, Inc Class A MAR 0.10 444905 BBG000BGD7W6 1576
OREILLY AUTOMOTIVE INC ORLY 0.10 442315 BBG000BGYWY6 4788
REGENERON PHARMACEUTICALS REGN 0.10 439971 BBG000C734W3 786
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.09 396892 BBG00LBLDDR2 3781
VICI PROPERTIES INC REIT VICI 0.09 415902 BBG00HVVB499 12367
EXTRA SPACE STORAGE INC EXR 0.09 405534 BBG000PV27K3 2725
AIRBNB INC ABNB 0.08 338390 BBG001Y2XS07 2470
PAYCHEX INC PAYX 0.08 358044 BBG000BQSQ38 2464
AUTODESK INC ADSK 0.08 334176 BBG000BM7HL0 1168
ROPER TECHNOLOGIES INC ROP 0.08 370015 BBG000F1ZSN5 673
ASML HOLDING NV-NY REG SHS ASML 0.08 360940 BBG000K6MRN4 450
Ventas Inc. VTR 0.08 359937 BBG000FRVHB9 5688
AVALONBAY COMMUNITIES INC AVB 0.08 354522 BBG000BLPBL5 1749
IRON MOUNTAIN INC IRM 0.08 343292 BBG000KCZPC3 3469
CSX CORP CSX 0.08 359247 BBG000BGJRC8 10711
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.07 300090 BBG00ZXBJ153 4094
NXP Semiconductors NV NXPI 0.07 327399 BBG000BND699 1404
KEURIG DR PEPPER INC KDP 0.07 292149 BBG000TJM7F0 8682
AMERICAN ELECTRIC POWER AEP 0.07 311333 BBG000BB9KF2 2936
MONSTER BEVERAGE CORP MNST 0.07 328808 BBG008NVB1C0 5557
EQUITY RESIDENTIAL EQR 0.07 310044 BBG000BG8M31 4622
AO Smith Corp AOS 0.07 300414 BBG000BC1L02 4263
CHARTER COMMUNICATIONS INC-A CHTR 0.07 327288 BBG000VPGNR2 815
AXON ENTERPRISE INC AXON 0.06 271206 BBG000BHJWG1 370
WORKDAY INC-CLASS A WDAY 0.06 260026 BBG000VC0T95 1134
COPART INC CPRT 0.06 267112 BBG000BM9RH1 5566
FASTENAL CO FAST 0.06 283271 BBG000BJ8YN7 6503
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 271746 BBG00B6BFWH9 2847
ALBEMARLE CORP ALB 0.06 258385 BBG000BJ26K7 3479
ASTRAZENECA PLC-SPONS ADR AZN 0.06 268426 BBG000BZ0DK8 3738
COGNIZANT TECH SOLUTIONS-A CTSH 0.06 247684 BBG000BBDV81 3228
EXELON CORP EXC 0.06 280977 BBG000J6XT05 6440
DIAMONDBACK ENERGY INC FANG 0.06 262031 BBG002PHSYX9 1832
PACCAR INC PCAR 0.06 289524 BBG000BQVTF5 2918
Datadog Inc. Class A DDOG 0.05 238820 BBG003NJHZT9 1737
AMCOR PLC AMCR 0.05 235792 BBG00LNJRQ09 23987
Zscaler Inc. ZS 0.05 236944 BBG003338H34 800
INVITATION HOMES INC REIT USD.01 INVH 0.05 210049 BBG00FQH6BS9 6487
TRADE DESK INC/THE -CLASS A TTD 0.05 225401 BBG00629NGT2 2933
IDEXX LABS IDXX 0.05 215895 BBG000BLRT07 399
GENUINE PARTS CO GPC 0.05 229230 BBG000BKL348 1819
CLOROX COMPANY CLX 0.05 235098 BBG000BFS7D3 1839
VERISK ANALYTICS INC VRSK 0.05 242320 BBG000BCZL41 800
ABBVIE INC ABBV 0.05 235560 BBG0025Y4RY4 1208
EVERSOURCE ENERGY ES 0.05 233765 BBG000BQ87N0 3536
Old Dominion Freight Line Inc. ODFL 0.05 226734 BBG000CHSS88 1325
LULULEMON ATHLETICA INC LULU 0.05 233750 BBG000R8ZVD1 980
ROSS STORES INC ROST 0.05 239736 BBG000BSBZH7 1832
MID-AMERICA APARTMENT COMM MAA 0.05 228161 BBG000BLMY92 1510
ESSEX PROPERTY TRUST INC ESS 0.05 227114 BBG000CGJMB9 792
KRAFT HEINZ CO/THE KHC 0.05 206598 BBG005CPNTQ2 7805
J M Smucker Co COM STK NPV SJM 0.05 236008 BBG000BT1715 2255
DEXCOM INC DXCM 0.05 205531 BBG000QTF8K1 2405
TARGET CORP TGT 0.05 234303 BBG000H8TVT2 2237
C.H. ROBINSON WORLDWIDE INC CHRW 0.05 232840 BBG000BTCH57 2309
JOHNSON & JOHNSON JNJ 0.05 228493 BBG000BMHYD1 1449
FRANKLIN RESOURCES INC BEN 0.05 232168 BBG000BD0TF8 9235
T ROWE PRICE GROUP INC TROW 0.05 236190 BBG000BVMPN3 2294
XCEL ENERGY INC XEL 0.05 222120 BBG000BCTQ65 3245
ELECTRONIC ARTS INC EA 0.05 223470 BBG000BP0KQ8 1477
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 243802 BBG000BS1YV5 1036
ILLINOIS TOOL WORKS ITW 0.05 234073 BBG000BMBL90 893
STANLEY BLACK & DECKER INC SWK 0.05 240308 BBG000BTQR96 3254
ATLASSIAN CORP PLC-CLASS A TEAM 0.04 181645 BBG01BGWHFR5 908
Baker Hughes Company BKR 0.04 191243 BBG00GBVBK51 4816
MICROCHIP TECHNOLOGY INC MCHP 0.04 167278 BBG000BHCP19 2228
Sun Communities Inc SUI 0.04 177478 BBG000BLJWF3 1409
UDR INC UDR 0.04 177387 BBG000C41023 4381
KIMCO REALTY CORP KIM 0.04 181923 BBG000CN3S73 8513
W. P. CAREY REIT INC WPC 0.04 179630 BBG000BCQM58 2875
International Business Machines Corporation IBM 0.04 195740 BBG000BLNNH6 681
ANSYS INC ANSS 0.04 192503 BBG000GXZ4W7 514
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.03 149404 BBG01BFR8YV1 1953
Warner Bros Discovery Inc WBD 0.03 140977 BBG011386VF4 12101
CDW CORP/DE CDW 0.03 153644 BBG001P63B80 855
CINCINNATI FINANCIAL CORP CINF 0.03 135583 BBG000BFPK65 917
COSTAR GROUP INC CSGP 0.03 138971 BBG000D7JKW9 1615
MCDONALDS CORP MCD 0.03 114880 BBG000BNSZP1 385
ARM HOLDINGS PLC ARM 0.02 96854.6 BBG01J1GXZF0 652
GLOBALFOUNDRIES INC GFS 0.02 92066.6 BBG000C2L5G9 2233
ON Semiconductor Corporation ON 0.02 109219 BBG000DV7MX4 1835
GENERAL DYNAMICS CORP GD 0.02 84339.6 BBG000BK67C7 278
KENVUE INC KVUE 0.01 58492.3 BBG01C79X561 2796
CONSOLIDATED EDISON INC ED 0.01 26581.4 BBG000BHLYS1 263
BIOGEN INC BIIB 0.01 66311.7 BBG000C17X76 490
AIR PRODUCTS & CHEMICALS INC APD 0.01 36174.3 BBG000BC4JJ4 123
Cash & Other Cash&Other 0.01 60819.6 N/A 60819.6

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.