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 12/16/2025
TICKER RAA
NET ASSETS $504M
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 $27.58
30 DAY MEDIAN BID-ASK SPREAD 0.000369

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
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 12/16/2025

NET ASSET VALUE

$27.58

CLOSING PRICE

$27.59

PREMIUM/DISCOUNT

0.05%
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 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4
Premium 0 23 54 47 33
Discount 0 0 5 13 12

Asset Allocation

As of 12/16/2025

Equities

43.94%
Nasdaq
18.91%
US Large Cap
14.98%
Japan
3.03%
Emerging Ex. China
2.94%
Europe
2.06%
Dividend Payers
1.01%
US Small Cap
1.01%

Fixed Income

27.12%
High Yield
6.98%
Corporate Bonds
5.96%
Emerging Mkt Bonds
5.00%
TIPS
3.96%
Long Term Treasuries
2.93%
T-Bills
2.29%

Alternatives

28.94%
Managed Futures
6.99%
Commodities
6.96%
Gold
4.13%
Energy
3.82%
Miners
3.14%
Bitcoin
2.93%
Real Estate
0.97%

Holdings

As of 12/16/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.98 75504200 BBG00RYR67P4 579909
iM DBi Managed Futures Strategy ETF DBMF 6.99 35211700 N/A 1220930
Schwab High Yield Bond ETF SCYB 6.98 35171100 BBG01F80WX71 1328720
INVESCO OPTIMUM YIELD DIVERS PDBC 6.96 35068400 N/A 2609260
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.96 30020000 BBG000PWYVH7 357764
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 5.00 25204600 BBG000NXKWH0 260782
SPROTT PHYSICAL GOLD TRUS PHYS 4.13 20818900 BBG000Q83F79 632601
SCHWAB U.S. TIPS ETF SCHP 3.96 19957000 BBG000BGN6P5 748856
Franklin FTSE Japan ETF FLJP 3.03 15285400 BBG00J3MDY16 424006
ISHARES MSCI EMR MRK EX CHNA EMXC 2.94 14810300 BBG00H5VLMJ6 212884
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.93 14745700 N/A 380338
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.93 14748500 BBG00PZFJPC3 462481
Franklin FTSE Europe ETF FLEE 2.06 10379600 BBG00J3PR1S7 284639
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 2.00 10083200 BBG01922X0X9 201826
NVIDIA CORP NVDA 1.74 8770300 BBG000BBJQV0 49349
APPLE INC AAPL 1.66 8354730 BBG000B9XRY4 30424
MICROSOFT CORP MSFT 1.42 7157760 BBG000BPH459 15025
Broadcom Inc. AVGO 1.05 5307560 BBG00KHY5S69 15551
VANGUARD SMALL-CAP ETF VB 1.01 5070580 BBG000HT3Z79 19518
AMAZON.COM INC AMZN 0.97 4888750 BBG000BVPV84 21966
ISHARES MSCI GLOBAL METALS & PICK 0.78 3917620 BBG002GKR8T5 80312
ALPHABET INC-CL A GOOGL 0.74 3719000 BBG009S39JX6 12131
Tesla Inc. TSLA 0.72 3628050 BBG000N9MNX3 7406
ALPHABET INC-CL C GOOG 0.69 3490890 BBG009S3NB30 11344
META PLATFORMS INC META 0.58 2938770 BBG000MM2P62 4472
CHEVRON CORP CVX 0.42 2114670 BBG000K4ND22 14410
SCHLUMBERGER LTD SLB 0.42 2113570 BBG000BT41Q8 56197
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.42 2115750 BBG000N7QR55 11269
NETFLIX INC NFLX 0.40 1994390 BBG000CL9VN6 21089
EXXON MOBIL CORP XOM 0.40 2005410 BBG000GZQ728 17487
BHP GROUP LTD BHP 0.40 1996420 BBG000BD5NZ4 34057
WILLIAMS COMPANIES INC. WMB 0.39 1951590 BBG000BWVCP8 33412
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.38 1911220 BBG000BRK7L6 45268
COSTCO WHOLESALE CORP COST 0.38 1904900 BBG000F6H8W8 2214
CANADIAN NATURAL RESOURCES CNQ 0.37 1886440 BBG000HW5GX3 60366
OCCIDENTAL PETROLEUM CORP OXY 0.37 1884970 BBG000BQQ2S6 48432
Cheniere Energy Inc LNG 0.37 1851920 BBG000C3HSR0 9784
MARATHON PETROLEUM CORP MPC 0.37 1847810 BBG001DCCGR8 10452
EQT CORP EQT 0.36 1824020 BBG000BHZ5J9 34209
ISHARES MSCI GLOBAL GOLD MIN RING 0.34 1727140 BBG002GKR6T9 23988
ADVANCED MICRO DEVICES INC AMD 0.33 1652860 BBG000BBQCY0 7902
CISCO SYSTEMS INC CSCO 0.31 1558680 BBG000C3J3C9 20099
NEWMONT GOLDCORP CORPORATION COM NEM 0.30 1531910 BBG000BPWXK1 15627
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.26 1323230 BBG00CMNZNK7 1323230
MICRON TECHNOLOGY INC MU 0.25 1284850 BBG000C5Z1S3 5526
RIO TINTO PLC-SPON ADR RIO 0.23 1165990 BBG000FD28T3 15344
AGNICO EAGLE MINES LTD AEM 0.23 1164880 BBG000DLVDK3 6995
T-MOBILE US INC TMUS 0.22 1131370 BBG000NDV1D4 5714
PEPSICO INC PEP 0.20 1032890 BBG000DH7JK6 6869
SHOPIFY INC - CLASS A SHOP 0.20 999069 BBG008HBD923 6124
APPLIED MATERIALS INC AMAT 0.20 1015430 BBG000BBPFB9 3923
LINDE PLC LIN 0.20 1004990 BBG01FND0CC1 2373
INTUITIVE SURGICAL INC ISRG 0.20 1017100 BBG000BJPDZ1 1834
LAM RESH CORP LRCX 0.20 1028700 BBG000BNFLM9 6301
APPLOVIN CORP APP 0.20 1001050 BBG006HFPX77 1478
Barrick Mining Corp. B 0.20 1013960 N/A 23619
QUALCOMM INC QCOM 0.19 952105 BBG000CGC1X8 5406
INTUIT INC INTU 0.19 973904 BBG000BH5DV1 1455
FREEPORT-MCMORAN INC FCX 0.18 906540 BBG000BJDB15 19069
AMGEN INC AMGN 0.18 890366 BBG000BBS2Y0 2725
BOOKING HOLDINGS INC BKNG 0.18 891656 BBG000BLBVN4 164
INTEL CORP INTC 0.16 804926 BBG000C0G1D1 21574
TEXAS INSTRUMENTS INC TXN 0.16 798487 BBG000BVV7G1 4497
KLA CORPORATION KLAC 0.16 808648 BBG000BMTFR4 661
AUTOMATIC DATA PROCESSING ADP 0.16 799618 BBG000JG0547 3050
GILEAD SCIENCES INC GILD 0.15 741306 BBG000CKGBP2 6241
ADOBE SYSTEMS INC ADBE 0.15 755965 BBG000BB5006 2173
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.14 701288 BBG000PVRDL2 6128
WELLTOWER INC WELL 0.14 698578 BBG000BKY1G5 3669
HONEYWELL INTERNATIONAL INC HON 0.13 644147 BBG000H556T9 3249
PALO ALTO NETWORKS INC PANW 0.13 634235 BBG0014GJCT9 3390
GLENCORE PLC -UNSP ADR GLNCY 0.13 653784 BBG001VKX1Z1 65641
PROLOGIS INC PLD 0.13 648769 BBG000B9Z0J8 5084
Crowdstrike Holdings Inc. Class A CRWD 0.13 631181 BBG00BLYKS03 1292
ANALOG DEVICES INC ADI 0.13 679853 BBG000BB6G37 2442
VERTEX PHARMACEUTICALS INC VRTX 0.12 584624 BBG000C1S2X2 1285
CONSTELLATION ENERGY CORPORATION CEG 0.11 566719 BBG014KFRNP7 1550
COMCAST CORP-CLASS A CMCSA 0.11 558775 BBG000BFT2L4 18795
Anglo American PLC NGLOD 0.11 556277 N/A 29386
REALTY INCOME CORP O 0.10 517132 BBG000DHPN63 9003
FRANCO-NEVADA CORP FNV 0.10 509037 BBG000RD3CL8 2435
STARBUCKS CORP SBUX 0.10 488700 BBG000CTQBF3 5744
FASTENAL CO FAST 0.10 493049 BBG000BJ8YN7 11645
MERCADOLIBRE INC MELI 0.10 496966 BBG000GQPB11 257
CADENCE DESIGN SYS INC CDNS 0.09 438715 BBG000C13CD9 1373
DOORDASH INC CLASS A DASH 0.09 468417 BBG005D7QCJ3 2055
ASML HOLDING NV-NY REG SHS ASML 0.09 439028 BBG000K6MRN4 408
Cash & Other Cash&Other 0.08 387214 N/A 387214
Marriott International, Inc Class A MAR 0.08 424074 BBG000BGD7W6 1386
REGENERON PHARMACEUTICALS REGN 0.08 388854 BBG000C734W3 521
CINTAS CORP CTAS 0.08 378242 BBG000H3YXF8 2016
EQUINIX INC EQIX 0.08 402578 BBG000MBDGM6 531
SYNOPSYS INC SNPS 0.08 420712 BBG000BSFRF3 907.999
OREILLY AUTOMOTIVE INC ORLY 0.08 393339 BBG000BGYWY6 4234
MONDELEZ INTERNATIONAL INC-A MDLZ 0.07 353288 BBG000D4LWF6 6546
Warner Bros Discovery Inc WBD 0.07 352696 BBG011386VF4 12204
SIMON PROPERTY GROUP INC SPG 0.07 345712 BBG000BJ2D31 1894
MONSTER BEVERAGE CORP MNST 0.07 374892 BBG008NVB1C0 4976
CSX CORP CSX 0.07 340474 BBG000BGJRC8 9252
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.07 359439 BBG00LBLDDR2 3297
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.07 343510 BBG00ZXBJ153 4086
PAYPAL HOLDINGS INC PYPL 0.06 294200 BBG0077VNXV6 4797
PACCAR INC PCAR 0.06 294981 BBG000BQVTF5 2630
PUBLIC STORAGE PSA 0.06 293961 BBG000BPPN67 1099
AMERICAN ELECTRIC POWER AEP 0.06 311974 BBG000BB9KF2 2723
AIRBNB INC ABNB 0.06 289894 BBG001Y2XS07 2196
NXP Semiconductors NV NXPI 0.06 279606 BBG000BND699 1217
IDEXX LABS IDXX 0.06 280738 BBG000BLRT07 405
THOMSON REUTERS CORP COMMON STOCK TRI 0.06 305067 N/A 2305
AUTODESK INC ADSK 0.06 306621 BBG000BM7HL0 1043
DIGITAL REALTY TRUST INC DLR 0.06 284931 BBG000Q5ZRM7 1896
FORTINET INC FTNT 0.06 326004 BBG000BCMBG4 3953
ROSS STORES INC ROST 0.06 305702 BBG000BSBZH7 1676
Ventas Inc. VTR 0.05 246722 BBG000FRVHB9 3153
ROPER TECHNOLOGIES INC ROP 0.05 234316 BBG000F1ZSN5 528
KENVUE INC KVUE 0.05 251781 BBG01C79X561 14596
Kimberly-Clark Corp KMB 0.05 239021 BBG000BMW2Z0 2331
GENUINE PARTS CO GPC 0.05 236135 BBG000BKL348 1824
PPG INDUSTRIES INC PPG 0.05 234880 BBG000BRJ809 2265
HORMEL FOODS CORP HRL 0.05 257492 BBG000BLF8D2 10883
ILLINOIS TOOL WORKS ITW 0.05 252665 BBG000BMBL90 1008
AMCOR PLC AMCR 0.05 243818 BBG00LNJRQ09 29305
TARGET CORP TGT 0.05 274550 BBG000H8TVT2 2811
MEDTRONIC PLC MDT 0.05 229349 BBG000BNWG87 2347
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 231814 BBG000BS1YV5 948
FRANKLIN RESOURCES INC BEN 0.05 262559 BBG000BD0TF8 11187
T ROWE PRICE GROUP INC TROW 0.05 256475 BBG000BVMPN3 2468
ABBVIE INC ABBV 0.05 247826 BBG0025Y4RY4 1108
EVERSOURCE ENERGY ES 0.05 233974 BBG000BQ87N0 3485
WORKDAY INC-CLASS A WDAY 0.05 262358 BBG000VC0T95 1214
ASTRAZENECA PLC-SPONS ADR AZN 0.05 270761 BBG000BZ0DK8 2964
STANLEY BLACK & DECKER INC SWK 0.05 254800 BBG000BTQR96 3500
ELECTRONIC ARTS INC EA 0.05 259742 BBG000BP0KQ8 1272
XCEL ENERGY INC XEL 0.04 215070 BBG000BCTQ65 2917
PAYCHEX INC PAYX 0.04 218227 BBG000BQSQ38 1894
EXELON CORP EXC 0.04 223920 BBG000J6XT05 5117
Baker Hughes Company BKR 0.04 221678 BBG00GBVBK51 4924
AVALONBAY COMMUNITIES INC AVB 0.04 195165 BBG000BLPBL5 1103
MICROSTRATEGY INC-CL A MSTR 0.04 216745 BBG000GQJPZ0 1294
AXON ENTERPRISE INC AXON 0.04 219249 BBG000BHJWG1 395
Zscaler Inc. ZS 0.04 212063 BBG003338H34 911
COGNIZANT TECH SOLUTIONS-A CTSH 0.04 207821 BBG000BBDV81 2485
EXTRA SPACE STORAGE INC EXR 0.04 197488 BBG000PV27K3 1511
KEURIG DR PEPPER INC KDP 0.04 188637 BBG000TJM7F0 6598
COPART INC CPRT 0.04 193440 BBG000BM9RH1 4941
VICI PROPERTIES INC REIT VICI 0.04 194463 BBG00HVVB499 6980
DIAMONDBACK ENERGY INC FANG 0.04 210324 BBG002PHSYX9 1411
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.04 186543 BBG01BFR8YV1 2268
Datadog Inc. Class A DDOG 0.04 226321 BBG003NJHZT9 1616
International Business Machines Corporation IBM 0.04 204950 BBG000BLNNH6 676
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 213787 BBG00B6BFWH9 2321
MICROCHIP TECHNOLOGY INC MCHP 0.03 175755 BBG000BHCP19 2667
KRAFT HEINZ CO/THE KHC 0.03 145760 BBG005CPNTQ2 5906
Old Dominion Freight Line Inc. ODFL 0.03 163531 BBG000CHSS88 1042
VERISK ANALYTICS INC VRSK 0.03 145819 BBG000BCZL41 670
ATLASSIAN CORP PLC-CLASS A TEAM 0.03 135945 BBG01BGWHFR5 852
COSTAR GROUP INC CSGP 0.03 131503 BBG000D7JKW9 2067
CHARTER COMMUNICATIONS INC-A CHTR 0.03 143255 BBG000VPGNR2 678
EQUITY RESIDENTIAL EQR 0.03 148546 BBG000BG8M31 2446
IRON MOUNTAIN INC IRM 0.03 141831 BBG000KCZPC3 1751
BIOGEN INC BIIB 0.03 127768 BBG000C17X76 745
DEXCOM INC DXCM 0.03 133005 BBG000QTF8K1 2004
AFLAC INC AFL 0.03 143541 BBG000BBBNC6 1311
Sun Communities Inc SUI 0.02 95872.9 BBG000BLJWF3 778
GLOBALFOUNDRIES INC GFS 0.02 100672 BBG000C2L5G9 2715
ESSEX PROPERTY TRUST INC ESS 0.02 97322.6 BBG000CGJMB9 381
ON Semiconductor Corporation ON 0.02 105028 BBG000DV7MX4 1925
MID-AMERICA APARTMENT COMM MAA 0.02 98960.2 BBG000BLMY92 743
LULULEMON ATHLETICA INC LULU 0.02 119909 BBG000R8ZVD1 580
CDW CORP/DE CDW 0.02 95278.1 BBG001P63B80 657
CLOROX COMPANY CLX 0.02 116789 BBG000BFS7D3 1170
KIMCO REALTY CORP KIM 0.02 97709.3 BBG000CN3S73 4866
Omega Healthcare Investors Inc OHI 0.02 96577 BBG000BGBTC2 2185
ARM HOLDINGS PLC ARM 0.02 77261.8 BBG01J1GXZF0 638
TRADE DESK INC/THE -CLASS A TTD 0.02 80388.2 BBG00629NGT2 2194
INVITATION HOMES INC REIT USD.01 INVH 0.02 96060.4 BBG00FQH6BS9 3579
W. P. CAREY REIT INC WPC 0.02 96805.3 BBG000BCQM58 1490
AO Smith Corp AOS 0.01 51702.3 BBG000BC1L02 761
AIR PRODUCTS & CHEMICALS INC APD 0.01 46754.2 BBG000BC4JJ4 193
CONSOLIDATED EDISON INC ED 0.01 49746.7 BBG000BHLYS1 503
JOHNSON & JOHNSON JNJ 0.01 50650.6 BBG000BMHYD1 242
MCDONALDS CORP MCD 0.01 50634.5 BBG000BNSZP1 161
Solstice Advanced Materials Inc. SOLSV 0.00 6967.64 BBG01X5744P5 145.25

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.