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 06/22/2026
TICKER RAA
NET ASSETS $595M
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 $29.76
30 DAY MEDIAN BID-ASK SPREAD 0.00067

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 3.18% -3.97% 5.74% 0.68% 10.86% 0.68% 19.02% 11.92%
RAA - Market Price 3.12% -3.98% 5.76% 0.63% 10.84% 0.63% 19.02% 11.89%
S&P 500 Index Total Return 5.26% -4.98% 10.52% -4.33% 11.27% -4.33% 22.66% 10.18%
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 06/22/2026

NET ASSET VALUE

$29.76

CLOSING PRICE

$29.76

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 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2
Premium 54 47 39 35 36
Discount 5 13 16 8 12

Asset Allocation

As of 6/22/2026

Equities

42.81%
Nasdaq
17.19%
US Large Cap
15.11%
Dividend Payers
3.15%
Emerging Ex. China
2.15%
Japan
2.12%
US Small Cap
2.07%
Europe
1.02%

Fixed Income

19.37%
High Yield
6.10%
Emerging Mkt Bonds
4.08%
Corporate Bonds
4.05%
TIPS
3.01%
T-Bills
1.11%
Long Term Treasuries
1.02%

Alternatives

37.82%
Managed Futures
10.21%
Commodities
9.50%
Energy
4.87%
Gold
4.67%
Miners
3.85%
Bitcoin
2.63%
Real Estate
2.09%

Holdings

As of 06/22/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.11 89929800 BBG00RYR67P4 628440
INVESCO OPTIMUM YIELD DIVERS PDBC 9.50 56544300 N/A 3456250
iM DBi Managed Futures Strategy ETF DBMF 9.19 54712500 N/A 1767200
SCHWAB HIGH YIELD BOND ETF SCYB 6.10 36301300 BBG01F80WX71 1387140
SPROTT PHYSICAL GOLD TRUS PHYS 4.67 27803100 BBG000Q83F79 880125
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.08 24306300 BBG000NXKWH0 252140
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.05 24135400 BBG000PWYVH7 293297
SCHWAB U.S. TIPS ETF SCHP 3.01 17941400 BBG000BGN6P5 680115
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.63 15672900 N/A 550314
ISHARES MSCI EMR MRK EX CHNA EMXC 2.15 12794600 BBG00H5VLMJ6 120148
Franklin FTSE Japan ETF FLJP 2.12 12593900 BBG00J3MDY16 304937
VANGUARD SMALL-CAP ETF VB 2.07 12298100 BBG000HT3Z79 41370
NVIDIA CORP NVDA 1.39 8287370 BBG000BBJQV0 39719
APPLE INC AAPL 1.21 7226550 BBG000B9XRY4 24331
Franklin FTSE Europe ETF FLEE 1.02 6077260 BBG00J3PR1S7 154677
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.02 6084380 BBG00PZFJPC3 195200
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.02 6092420 BBG01922X0X9 121946
Simplify DBi CTA Managed Futures Index ETF SDMF 1.02 6083140 BBG020BR8WR7 236230
MICRON TECHNOLOGY INC MU 0.99 5913960 BBG000C5Z1S3 4882
BHP GROUP LTD BHP 0.77 4594630 BBG000BD5NZ4 53563
ADVANCED MICRO DEVICES INC AMD 0.70 4137220 BBG000BBQCY0 7500
AMAZON.COM INC AMZN 0.70 4139940 BBG000BVPV84 17784
MICROSOFT CORP MSFT 0.70 4196120 BBG000BPH459 11423
CHEVRON CORP CVX 0.58 3434680 BBG000K4ND22 19620
ALPHABET INC-CL A GOOGL 0.57 3412180 BBG009S39JX6 9758
Tesla Inc. TSLA 0.56 3359080 BBG000N9MNX3 8293
INTEL CORP INTC 0.55 3274740 BBG000C0G1D1 23235
WILLIAMS COMPANIES INC. WMB 0.53 3180280 BBG000BWVCP8 42432
ALPHABET INC-CL C GOOG 0.53 3176340 BBG009S3NB30 9107
Cheniere Energy Inc LNG 0.52 3101240 BBG000C3HSR0 13434
MARATHON PETROLEUM CORP MPC 0.51 3010510 BBG001DCCGR8 12174
EXXON MOBIL CORP XOM 0.49 2894850 BBG000GZQ728 20906
EQT CORP EQT 0.48 2860120 BBG000BHZ5J9 55172
Broadcom Inc. AVGO 0.48 2860980 BBG00KHY5S69 7296
CANADIAN NATURAL RESOURCES CNQ 0.47 2798430 BBG000HW5GX3 67593
OCCIDENTAL PETROLEUM CORP OXY 0.47 2797760 BBG000BQQ2S6 53803
META PLATFORMS INC META 0.47 2773010 BBG000MM2P62 4918
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.46 2753250 BBG000BRK7L6 48964
SCHLUMBERGER LTD SLB 0.45 2652590 BBG000BT41Q8 55320
NEWMONT GOLDCORP CORPORATION COM NEM 0.45 2694540 BBG000BPWXK1 26469
WAL-MART STORES INC WMT 0.45 2696080 BBG000BWXBC2 23008
RIO TINTO PLC-SPON ADR RIO 0.43 2542220 BBG000FD28T3 25586
LAM RESH CORP LRCX 0.39 2320450 BBG000BNFLM9 5666
APPLIED MATERIALS INC AMAT 0.37 2222060 BBG000BBPFB9 3471
CISCO SYSTEMS INC CSCO 0.36 2156670 BBG000C3J3C9 17746
FREEPORT-MCMORAN INC FCX 0.36 2115750 BBG000BJDB15 30570
COSTCO WHOLESALE CORP COST 0.34 2015910 BBG000F6H8W8 2119
AGNICO EAGLE MINES LTD AEM 0.33 1980340 BBG000DLVDK3 11869
GLENCORE PLC -UNSP ADR GLNCY 0.30 1770330 BBG001VKX1Z1 119779
REALTY INCOME CORP O 0.26 1557750 BBG000DHPN63 25714
WELLTOWER INC WELL 0.26 1550560 BBG000BKY1G5 7333
KLA CORPORATION KLAC 0.25 1516180 BBG000BMTFR4 5633
Barrick Mining Corp. B 0.25 1494730 N/A 37238
SANDISK CORP/DE SNDKV SNDK 0.25 1487020 BBG01R388JG1 654
PROLOGIS INC PLD 0.25 1463470 BBG000B9Z0J8 10175
NETFLIX INC NFLX 0.24 1409940 BBG000CL9VN6 19346
TEXAS INSTRUMENTS INC TXN 0.23 1396570 BBG000BVV7G1 4203
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1294270 N/A 49477
EQUINIX INC EQIX 0.21 1271060 BBG000MBDGM6 1139
AUTOMATIC DATA PROCESSING ADP 0.21 1270650 BBG000JG0547 5921
NUCOR CORP NUE 0.20 1196480 BBG000BQ8KV2 4885
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.20 1213910 BBG000PVRDL2 9973
WESTERN DIGITAL CORP WDC 0.19 1116510 BBG000BWNFZ9 1524
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.19 1151090 BBG00ZXBJ153 3739
LINDE PLC LIN 0.18 1094390 BBG01FND0CC1 2118
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.18 1076540 BBG0113JGQF0 984
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.18 1094140 BBG000N7QR55 9156
QUALCOMM INC QCOM 0.17 1034940 BBG000CGC1X8 4664
FRANCO-NEVADA CORP FNV 0.17 989533 BBG000RD3CL8 4483
FRANKLIN RESOURCES INC BEN 0.17 990213 BBG000BD0TF8 29184
VALE SA-SP ADR VALE 0.17 992259 BBG000BN5LG7 63161
PALO ALTO NETWORKS INC PANW 0.17 1000680 BBG0014GJCT9 3494
STANLEY BLACK & DECKER INC SWK 0.17 984797 BBG000BTQR96 11410
ANALOG DEVICES INC ADI 0.17 1005450 BBG000BB6G37 2257
KENVUE INC KVUE 0.16 932792 BBG01C79X561 52228
Kimberly-Clark Corp KMB 0.16 924801 BBG000BMW2Z0 9202
HORMEL FOODS CORP HRL 0.16 936167 BBG000BLF8D2 38829
MEDTRONIC PLC MDT 0.16 968442 BBG000BNWG87 12217
ILLINOIS TOOL WORKS ITW 0.16 973688 BBG000BMBL90 3670
T ROWE PRICE GROUP INC TROW 0.16 937029 BBG000BVMPN3 8677
AMCOR PLC COMMON STOCK USD.01 AMCR 0.16 951017 N/A 23378
PEPSICO INC PEP 0.15 887458 BBG000DH7JK6 6307
EVERSOURCE ENERGY ES 0.15 894521 BBG000BQ87N0 12757
CLOROX COMPANY CLX 0.15 896849 BBG000BFS7D3 9899
T-MOBILE US INC TMUS 0.15 913804 BBG000NDV1D4 5075
SIMON PROPERTY GROUP INC SPG 0.15 888320 BBG000BJ2D31 4140
GENUINE PARTS CO GPC 0.14 827321 BBG000BKL348 7871
AMGEN INC AMGN 0.14 851114 BBG000BBS2Y0 2469
DIGITAL REALTY TRUST INC DLR 0.14 813642 BBG000Q5ZRM7 4161
ABBVIE INC ABBV 0.14 812625 BBG0025Y4RY4 3533
PUBLIC STORAGE PSA 0.13 758601 BBG000BPPN67 2369
AO Smith Corp AOS 0.13 799006 BBG000BC1L02 13614
PPG INDUSTRIES INC PPG 0.13 803186 BBG000BRJ809 6754
ASML HOLDING NV-NY REG SHS ASML 0.13 756266 BBG000K6MRN4 392
GILEAD SCIENCES INC GILD 0.12 711260 BBG000CKGBP2 5696
J M Smucker Co COM STK NPV SJM 0.12 687517 BBG000BT1715 6414
International Business Machines Corporation IBM 0.12 688308 BBG000BLNNH6 2729
Crowdstrike Holdings Inc. Class A CRWD 0.12 715966 BBG00BLYKS03 1060
Ventas Inc. VTR 0.11 659504 BBG000FRVHB9 7942
HONEYWELL INTERNATIONAL INC HON 0.11 651938 BBG000H556T9 2858
INTUITIVE SURGICAL INC ISRG 0.11 650361 BBG000BJPDZ1 1614
IRON MOUNTAIN INC IRM 0.11 633983 BBG000KCZPC3 4808
APPLOVIN CORP APP 0.11 644942 BBG006HFPX77 1374
SHOPIFY INC - CLASS A SHOP 0.10 577477 BBG008HBD923 5348
BOOKING HOLDINGS INC BKNG 0.10 603469 BBG000BLBVN4 3597
VERTEX PHARMACEUTICALS INC VRTX 0.09 536808 BBG000C1S2X2 1150
STARBUCKS CORP SBUX 0.09 536103 BBG000CTQBF3 5353
CADENCE DESIGN SYS INC CDNS 0.08 477741 BBG000C13CD9 1228
ERIE INDEMNITY COMPANY-CL A ERIE 0.08 498012 BBG000BBTJZ1 2353
CONSTELLATION ENERGY CORPORATION CEG 0.08 454900 BBG014KFRNP7 1651
Marriott International, Inc Class A MAR 0.08 467943 BBG000BGD7W6 1218
EXTRA SPACE STORAGE INC EXR 0.08 490098 BBG000PV27K3 3355
FORTINET INC FTNT 0.08 462631 BBG000BCMBG4 3182
VICI PROPERTIES INC REIT VICI 0.08 451696 BBG00HVVB499 17313
FASTENAL CO FAST 0.07 433943 BBG000BJ8YN7 9409
EQUITY RESIDENTIAL EQR 0.07 422040 BBG000BG8M31 6520
MONSTER BEVERAGE CORP MNST 0.07 416358 BBG008NVB1C0 4476
CSX CORP CSX 0.07 404481 BBG000BGJRC8 8755
SYNOPSYS INC SNPS 0.07 413012 BBG000BSFRF3 889
AVALONBAY COMMUNITIES INC AVB 0.07 417705 BBG000BLPBL5 2322
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 346408 BBG000D4LWF6 5821
COMCAST CORP-CLASS A CMCSA 0.06 371583 BBG000BFT2L4 16648
MONOLITHIC POWER SYSTEMS INC MPWR 0.06 344485 BBG000C30L48 224
ADOBE SYSTEMS INC ADBE 0.06 339126 BBG000BB5006 1740
NXP Semiconductors NV NXPI 0.06 378514 BBG000BND699 1171
ROSS STORES INC ROST 0.06 334602 BBG000BSBZH7 1412
MERCADOLIBRE INC MELI 0.06 367163 BBG000GQPB11 231
OREILLY AUTOMOTIVE INC ORLY 0.06 332758 BBG000BGYWY6 3886
AMERICAN ELECTRIC POWER AEP 0.06 330571 BBG000BB9KF2 2537
PACCAR INC PCAR 0.05 289489 BBG000BQVTF5 2410
Warner Bros Discovery Inc WBD 0.05 309090 BBG011386VF4 11469
ESSEX PROPERTY TRUST INC ESS 0.05 305013 BBG000CGJMB9 1104
DOORDASH INC CLASS A DASH 0.05 309400 BBG005D7QCJ3 1798
REGENERON PHARMACEUTICALS REGN 0.05 287262 BBG000C734W3 469
INVITATION HOMES INC REIT USD.01 INVH 0.05 292619 BBG00FQH6BS9 10289
INTUIT INC INTU 0.05 309324 BBG000BH5DV1 1200
CINTAS CORP CTAS 0.05 316024 BBG000H3YXF8 1865
Datadog Inc. Class A DDOG 0.05 310803 BBG003NJHZT9 1404
LUMENTUM HOLDINGS INC LITE 0.05 296785 BBG0073F9RT7 332
XCEL ENERGY INC XEL 0.04 223820 BBG000BCTQ65 2840
Sun Communities Inc SUI 0.04 234451 BBG000BLJWF3 1982
MICROCHIP TECHNOLOGY INC MCHP 0.04 254721 BBG000BHCP19 2480
HOST HOTELS & RESORTS INC HST 0.04 264016 BBG000BL8804 10506
ARM HOLDINGS PLC ARM 0.04 251971 BBG01J1GXZF0 618
Baker Hughes Company BKR 0.04 266234 BBG00GBVBK51 4501
EXELON CORP EXC 0.04 221293 BBG000J6XT05 4817
AIRBNB INC ABNB 0.04 263347 BBG001Y2XS07 1892
MID-AMERICA APARTMENT COMM MAA 0.04 246687 BBG000BLMY92 1867
KIMCO REALTY CORP KIM 0.04 248702 BBG000CN3S73 10073
FERROVIAL SE FER 0.04 232588 BBG01H7CZ9S9 3287
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.04 265821 BBG00CMNZNK7 265821
DIAMONDBACK ENERGY INC FANG 0.04 243201 BBG002PHSYX9 1295
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 228081 BBG00LBLDDR2 2920
W. P. CAREY REIT INC WPC 0.04 233576 BBG000BCQM58 3270
ELECTRONIC ARTS INC EA 0.04 226109 BBG000BP0KQ8 1114
PAYCHEX INC PAYX 0.03 149939 BBG000BQSQ38 1563
PAYPAL HOLDINGS INC PYPL 0.03 178082 BBG0077VNXV6 4206
ROPER TECHNOLOGIES INC ROP 0.03 150842 BBG000F1ZSN5 464
Old Dominion Freight Line Inc. ODFL 0.03 204154 BBG000CHSS88 930
AXON ENTERPRISE INC AXON 0.03 148841 BBG000BHJWG1 363
AIR PRODUCTS & CHEMICALS INC APD 0.03 183738 BBG000BC4JJ4 649
IDEXX LABS IDXX 0.03 198100 BBG000BLRT07 363
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 200520 BBG000BS1YV5 837
KEURIG DR PEPPER INC KDP 0.03 194296 BBG000TJM7F0 6294
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.03 186463 BBG000B9ZXB4 2123
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 177861 BBG000BFGNJ5 621
AUTODESK INC ADSK 0.03 183402 BBG000BM7HL0 977
MCDONALDS CORP MCD 0.03 174485 BBG000BNSZP1 646
CONSOLIDATED EDISON INC ED 0.03 184009 BBG000BHLYS1 1721
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.03 206373 BBG00B6BFWH9 2128
KRAFT HEINZ CO/THE KHC 0.02 121584 BBG005CPNTQ2 5519
Zscaler Inc. ZS 0.02 113019 BBG003338H34 911
VERISK ANALYTICS INC VRSK 0.02 110857 BBG000BCZL41 656
WORKDAY INC-CLASS A WDAY 0.02 95744.9 BBG000VC0T95 847
COPART INC CPRT 0.02 130125 BBG000BM9RH1 4414
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 129103 BBG01BFR8YV1 2129
DEXCOM INC DXCM 0.02 114380 BBG000QTF8K1 1656
MICROSTRATEGY INC-CL A MSTR 0.02 148756 BBG000GQJPZ0 1359
INSMED INC INSM 0.02 94858 BBG000BWM5P3 962
THOMSON REUTERS CORP TRI 0.02 145368 N/A 1899
COGNIZANT TECH SOLUTIONS-A CTSH 0.01 87424.7 BBG000BBDV81 2090
CHARTER COMMUNICATIONS INC-A CHTR 0.01 74696.3 BBG000VPGNR2 595
Cash & Other Cash&Other 0.00 25827.3 N/A 25827.3
EURO EUR 0.00 1957.14 N/A 1713.03

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.