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 07/28/2026
TICKER RAA
NET ASSETS $592M
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 $29.22
30 DAY MEDIAN BID-ASK SPREAD 0.000681

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 -2.77% -2.77% 7.06% 7.06% 7.79% 7.79% 15.31% 15.31%
RAA - Market Price -2.70% -2.70% 7.16% 7.16% 7.63% 7.63% 15.21% 15.21%
S&P 500 Index Total Return -0.95% -0.95% 15.20% 15.20% 10.21% 10.21% 20.27% 20.27%
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 07/28/2026

NET ASSET VALUE

$29.22

CLOSING PRICE

$29.23

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 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Premium 47 39 35 39 9
Discount 13 16 8 14 5

Asset Allocation

As of 7/28/2026

Equities

39.63%
Nasdaq
14.99%
US Large Cap
10.00%
Dividend Payers
4.16%
Emerging Ex. China
3.53%
US Small Cap
2.97%
Europe
2.03%
Japan
1.95%

Fixed Income

26.98%
High Yield
6.03%
Corporate Bonds
5.99%
Long Term Treasuries
5.93%
Emerging Mkt Bonds
3.98%
TIPS
2.99%
T-Bills
2.06%

Alternatives

33.39%
Commodities
7.57%
Managed Futures
7.15%
Miners
6.00%
Energy
4.34%
Gold
4.05%
Bitcoin
2.19%
Real Estate
2.09%

Holdings

As of 07/28/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 10.00 59173100 BBG00RYR67P4 1252610
INVESCO OPTIMUM YIELD DIVERS PDBC 7.57 44810400 N/A 2626640
SCHWAB HIGH YIELD BOND ETF SCYB 6.03 35674700 BBG01F80WX71 1374220
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.99 35428000 BBG000PWYVH7 434646
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.93 35087700 BBG00PZFJPC3 1147030
iM DBi Managed Futures Strategy ETF DBMF 5.92 35028000 N/A 1128480
SPROTT PHYSICAL GOLD TRUS PHYS 4.05 23974300 BBG000Q83F79 788109
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.98 23557400 BBG000NXKWH0 247478
ISHARES MSCI EMR MRK EX CHNA EMXC 3.53 20885100 BBG00H5VLMJ6 233510
SCHWAB U.S. TIPS ETF SCHP 2.99 17669400 BBG000BGN6P5 676730
VANGUARD SMALL-CAP ETF VB 2.97 17590400 BBG000HT3Z79 59036
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.19 12984200 N/A 460108
Franklin FTSE Europe ETF FLEE 2.03 11986100 BBG00J3PR1S7 307930
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.01 11896400 BBG01922X0X9 238643
Franklin FTSE Japan ETF FLJP 1.95 11525600 BBG00J3MDY16 299756
BHP GROUP LTD BHP 1.26 7482280 BBG000BD5NZ4 89298
APPLE INC AAPL 1.25 7384160 BBG000B9XRY4 21713
Simplify DBi CTA Managed Futures Index ETF SDMF 1.23 7256750 BBG020BR8WR7 281324
NVIDIA CORP NVDA 1.20 7097680 BBG000BBJQV0 36027
MICROSOFT CORP MSFT 0.74 4390570 BBG000BPH459 11162
NEWMONT GOLDCORP CORPORATION COM NEM 0.67 3965840 BBG000BPWXK1 43333
RIO TINTO PLC-SPON ADR RIO 0.66 3919810 BBG000FD28T3 42774
MICRON TECHNOLOGY INC MU 0.65 3845820 BBG000C5Z1S3 4687
AMAZON.COM INC AMZN 0.64 3776870 BBG000BVPV84 16360
CHEVRON CORP CVX 0.58 3422020 BBG000K4ND22 18243
FREEPORT-MCMORAN INC FCX 0.53 3142100 BBG000BJDB15 50975
ADVANCED MICRO DEVICES INC AMD 0.49 2902290 BBG000BBQCY0 6384
ALPHABET INC-CL A GOOGL 0.49 2912950 BBG009S39JX6 8729
AGNICO EAGLE MINES LTD AEM 0.48 2849340 BBG000DLVDK3 19827
GLENCORE PLC -UNSP ADR GLNCY 0.47 2766860 BBG001VKX1Z1 206021
Suncor Energy Inc. SU 0.47 2806740 BBG000BC1LY5 43924
MARATHON PETROLEUM CORP MPC 0.47 2799440 BBG001DCCGR8 9147
Broadcom Inc. AVGO 0.46 2705220 BBG00KHY5S69 7102
ALPHABET INC-CL C GOOG 0.46 2723990 BBG009S3NB30 8190
CANADIAN NATURAL RESOURCES CNQ 0.45 2645210 BBG000HW5GX3 59860
META PLATFORMS INC META 0.45 2680430 BBG000MM2P62 4517
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.45 2670550 BBG023CY9MM1 17450
OCCIDENTAL PETROLEUM CORP OXY 0.44 2598620 BBG000BQQ2S6 48185
SCHLUMBERGER LTD SLB 0.43 2559630 BBG000BT41Q8 51213
Cheniere Energy Inc LNG 0.42 2464560 BBG000C3HSR0 9773
EQT CORP EQT 0.39 2294690 BBG000BHZ5J9 44419
Tesla Inc. TSLA 0.39 2299960 BBG000N9MNX3 7481
WAL-MART STORES INC WMT 0.39 2325680 BBG000BWXBC2 20563
Barrick Mining Corp ABX 0.38 2270600 N/A 61886
NUCOR CORP NUE 0.37 2193490 BBG000BQ8KV2 8258
WILLIAMS COMPANIES INC. WMB 0.37 2212140 BBG000BWVCP8 31530
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.33 1926060 N/A 79820
CISCO SYSTEMS INC CSCO 0.32 1899900 BBG000C3J3C9 16438
REALTY INCOME CORP O 0.32 1898870 BBG000DHPN63 28889
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.31 1814860 BBG000PVRDL2 16562
COSTCO WHOLESALE CORP COST 0.31 1810400 BBG000F6H8W8 1873
AUTOMATIC DATA PROCESSING ADP 0.31 1854740 BBG000JG0547 7021
INTEL CORP INTC 0.29 1701400 BBG000C0G1D1 19715
FRANCO-NEVADA CORP FNV 0.27 1574660 BBG000TRN6Z1 7477
WELLTOWER INC WELL 0.27 1617060 BBG000BKY1G5 6639
VALE SA-SP ADR VALE 0.27 1568210 BBG000BN5LG7 106681
PROLOGIS INC PLD 0.26 1530490 BBG000B9Z0J8 10403
APPLIED MATERIALS INC AMAT 0.25 1497040 BBG000BBPFB9 3142
LAM RESH CORP LRCX 0.23 1353980 BBG000BNFLM9 5022
MEDTRONIC PLC MDT 0.22 1309370 BBG000BNWG87 15071
NETFLIX INC NFLX 0.22 1299040 BBG000CL9VN6 17945
ILLINOIS TOOL WORKS ITW 0.22 1311100 BBG000BMBL90 4442
AMCOR PLC COMMON STOCK USD.01 AMCR 0.22 1284630 N/A 27514
KENVUE INC KVUE 0.21 1233030 BBG01C79X561 62432
Kimberly-Clark Corp KMB 0.21 1227140 BBG000BMW2Z0 10851
CLOROX COMPANY CLX 0.21 1262230 BBG000BFS7D3 12582
T ROWE PRICE GROUP INC TROW 0.21 1263530 BBG000BVMPN3 10384
HORMEL FOODS CORP HRL 0.20 1203820 BBG000BLF8D2 47098
FRANKLIN RESOURCES INC BEN 0.20 1177950 BBG000BD0TF8 35342
EVERSOURCE ENERGY ES 0.20 1186110 BBG000BQ87N0 15733
STANLEY BLACK & DECKER INC SWK 0.20 1187170 BBG000BTQR96 12604
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.20 1156860 BBG000N7QR55 9365
GENUINE PARTS CO GPC 0.19 1121210 BBG000BKL348 8644
EQUINIX INC EQIX 0.19 1142490 BBG000MBDGM6 1104
PALO ALTO NETWORKS INC PANW 0.19 1110120 BBG0014GJCT9 3480
AO Smith Corp AOS 0.18 1035810 BBG000BC1L02 16182
TEXAS INSTRUMENTS INC TXN 0.17 1017960 BBG000BVV7G1 3674
PPG INDUSTRIES INC PPG 0.17 983261 BBG000BRJ809 8262
KLA CORPORATION KLAC 0.17 981475 BBG000BMTFR4 5144
ABBVIE INC ABBV 0.17 1033060 BBG0025Y4RY4 3925
J M Smucker Co COM STK NPV SJM 0.16 938303 BBG000BT1715 7626
LINDE PLC LIN 0.16 972264 BBG01FND0CC1 1902
AMGEN INC AMGN 0.15 889978 BBG000BBS2Y0 2264
SIMON PROPERTY GROUP INC SPG 0.15 880761 BBG000BJ2D31 3721
PEPSICO INC PEP 0.14 837017 BBG000DH7JK6 5859
International Business Machines Corporation IBM 0.14 833288 BBG000BLNNH6 3662
T-MOBILE US INC TMUS 0.14 848114 BBG000NDV1D4 4650
DIGITAL REALTY TRUST INC DLR 0.13 783924 BBG000Q5ZRM7 4058
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.13 749542 BBG0113JGQF0 1003
Crowdstrike Holdings Inc. Class A CRWD 0.13 786467 BBG00BLYKS03 4326
Ventas Inc. VTR 0.12 729965 BBG000FRVHB9 7438
WESTERN DIGITAL CORP WDC 0.12 715196 BBG000BWNFZ9 1543
PUBLIC STORAGE PSA 0.12 732982 BBG000BPPN67 2218
QUALCOMM INC QCOM 0.12 717812 BBG000CGC1X8 4407
GILEAD SCIENCES INC GILD 0.12 698867 BBG000CKGBP2 5203
SHOPIFY INC - CLASS A SHOP 0.12 711589 BBG004DW5NB8 5462
ANALOG DEVICES INC ADI 0.12 738245 BBG000BB6G37 2018
ERIE INDEMNITY COMPANY-CL A ERIE 0.11 679046 BBG000BBTJZ1 2801
BOOKING HOLDINGS INC BKNG 0.11 653538 BBG000BLBVN4 3279
SANDISK CORP/DE SNDKV SNDK 0.11 628065 BBG01R388JG1 573
INTUITIVE SURGICAL INC ISRG 0.10 597694 BBG000BJPDZ1 1652
IRON MOUNTAIN INC IRM 0.10 571055 BBG000KCZPC3 4543
VERTEX PHARMACEUTICALS INC VRTX 0.10 573266 BBG000C1S2X2 1169
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.10 590232 BBG00ZXBJ153 3383
ASML HOLDING NV-NY REG SHS ASML 0.10 620516 BBG000K6MRN4 392
APPLOVIN CORP APP 0.09 517756 BBG006HFPX77 1238
FASTENAL CO FAST 0.08 462626 BBG000BJ8YN7 9618
Marriott International, Inc Class A MAR 0.08 474414 BBG000BGD7W6 1237
MONSTER BEVERAGE CORP MNST 0.08 446770 BBG008NVB1C0 4571
EXTRA SPACE STORAGE INC EXR 0.08 489203 BBG000PV27K3 3214
STARBUCKS CORP SBUX 0.08 493746 BBG000CTQBF3 4789
CSX CORP CSX 0.08 455272 BBG000BGJRC8 8955
FORTINET INC FTNT 0.08 487285 BBG000BCMBG4 3249
AVALONBAY COMMUNITIES INC AVB 0.08 449320 BBG000BLPBL5 2360
VICI PROPERTIES INC REIT VICI 0.08 479995 BBG00HVVB499 17712
CADENCE DESIGN SYS INC CDNS 0.07 429866 BBG000C13CD9 1247
ARM HOLDINGS PLC ARM 0.07 414345 BBG01J1GXZF0 1693
COMCAST CORP-CLASS A CMCSA 0.07 412149 BBG000BFT2L4 17038
EQUITY RESIDENTIAL EQR 0.07 422975 BBG000BG8M31 6212
CONSTELLATION ENERGY CORPORATION CEG 0.07 438836 BBG014KFRNP7 1689
ADOBE SYSTEMS INC ADBE 0.07 443042 BBG000BB5006 1778
MERCADOLIBRE INC MELI 0.07 430242 BBG000GQPB11 231
CINTAS CORP CTAS 0.07 408955 BBG000H3YXF8 1903
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.06 358717 BBG022XF4SZ9 1452
PACCAR INC PCAR 0.06 340964 BBG000BQVTF5 2467
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 372006 BBG000D4LWF6 5954
DOORDASH INC CLASS A DASH 0.06 358975 BBG005D7QCJ3 1836
ROSS STORES INC ROST 0.06 359224 BBG000BSBZH7 1431
REGENERON PHARMACEUTICALS REGN 0.06 326039 BBG000C734W3 469
INTUIT INC INTU 0.06 381535 BBG000BH5DV1 1219
SYNOPSYS INC SNPS 0.06 348509 BBG000BSFRF3 908
OREILLY AUTOMOTIVE INC ORLY 0.06 361216 BBG000BGYWY6 3962
Datadog Inc. Class A DDOG 0.06 357002 BBG003NJHZT9 1423
AMERICAN ELECTRIC POWER AEP 0.06 345054 BBG000BB9KF2 2594
Warner Bros Discovery Inc WBD 0.05 300533 BBG011386VF4 11735
HOST HOTELS & RESORTS INC HST 0.05 273879 BBG000BL8804 10753
Baker Hughes Company BKR 0.05 268682 BBG00GBVBK51 4596
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 287170 BBG000C30L48 224
ESSEX PROPERTY TRUST INC ESS 0.05 301588 BBG000CGJMB9 1024
NXP Semiconductors NV NXPI 0.05 308353 BBG000BND699 1190
AIRBNB INC ABNB 0.05 295502 BBG001Y2XS07 1930
INVITATION HOMES INC REIT USD.01 INVH 0.05 316036 BBG00FQH6BS9 10517
XCEL ENERGY INC XEL 0.04 232716 BBG000BCTQ65 2897
PAYPAL HOLDINGS INC PYPL 0.04 250834 BBG0077VNXV6 4301
Sun Communities Inc SUI 0.04 250662 BBG000BLJWF3 2020
Old Dominion Freight Line Inc. ODFL 0.04 214740 BBG000CHSS88 949
EXELON CORP EXC 0.04 233286 BBG000J6XT05 4931
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 211963 BBG000BS1YV5 856
MID-AMERICA APARTMENT COMM MAA 0.04 232758 BBG000BLMY92 1716
KIMCO REALTY CORP KIM 0.04 244058 BBG000CN3S73 9301
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.04 231810 BBG000B9ZXB4 2161
FERROVIAL SA FER 0.04 209887 BBG01H0DF657 3397.88
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.04 218691 BBG00CMNZNK7 218691
AUTODESK INC ADSK 0.04 236430 BBG000BM7HL0 996
MCDONALDS CORP MCD 0.04 240531 BBG000BNSZP1 881
DIAMONDBACK ENERGY INC FANG 0.04 250061 BBG002PHSYX9 1314
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 255159 BBG00LBLDDR2 2977
W. P. CAREY REIT INC WPC 0.04 252991 BBG000BCQM58 3346
LUMENTUM HOLDINGS INC LITE 0.04 216441 BBG0073F9RT7 332
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 241401 BBG00B6BFWH9 2166
ELECTRONIC ARTS INC EA 0.04 236650 BBG000BP0KQ8 1133
PAYCHEX INC PAYX 0.03 188052 BBG000BQSQ38 1582
MICROCHIP TECHNOLOGY INC MCHP 0.03 192076 BBG000BHCP19 2537
ROPER TECHNOLOGIES INC ROP 0.03 181387 BBG000F1ZSN5 464
ASTERA LABS INC ALAB 0.03 166807 BBG00TDKHW99 641
KRAFT HEINZ CO/THE KHC 0.03 153781 BBG005CPNTQ2 5633
AXON ENTERPRISE INC AXON 0.03 198797 BBG000BHJWG1 363
IDEXX LABS IDXX 0.03 206743 BBG000BLRT07 363
AIR PRODUCTS & CHEMICALS INC APD 0.03 190060 BBG000BC4JJ4 649
TERADYNE INC TER 0.03 202651 BBG000BV4DR6 632
KEURIG DR PEPPER INC KDP 0.03 199751 BBG000TJM7F0 6427
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 179103 BBG000BFGNJ5 621
CONSOLIDATED EDISON INC ED 0.03 196973 BBG000BHLYS1 1759
ROCKET LAB CORP RKLB 0.03 150844 BBG01V7JN3F3 2361
THOMSON REUTERS CORP TRI 0.03 200073 N/A 1937
WORKDAY INC-CLASS A WDAY 0.02 138292 BBG000VC0T95 866
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 138926 BBG01BFR8YV1 2167
Nebius Group NV NBIS 0.02 142200 BBG001NVJ6W4 838
COPART INC CPRT 0.02 138381 BBG000BM9RH1 4509
DEXCOM INC DXCM 0.02 126796 BBG000QTF8K1 1694
MICROSTRATEGY INC-CL A MSTR 0.02 132508 BBG000GQJPZ0 1378
COGNIZANT TECH SOLUTIONS-A CTSH 0.00 100.62 BBG000BBDV81 2
Zscaler Inc. ZS 0.00 151.63 BBG003338H34 1
INSMED INC INSM 0.00 104.13 BBG000BWM5P3 1
Cash & Other Cash&Other -0.05 -266316 N/A -266316

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.