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 09/04/2026
TICKER RAA
NET ASSETS $619M
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 $30.56
30 DAY MEDIAN BID-ASK SPREAD 0.000983

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 18.28% NA NA 16.03%
RAA - Market Price 18.32% NA NA 16.08%
S&P 500 Index Total Return NA NA NA 19.83%
1 MO 3 MO YTD Since Inception
RAA - NAV 3.57% -2.77% 0.55% 7.07% 11.47% 7.79% 16.03% 15.31%
RAA - Market Price 3.57% -2.70% 0.61% 7.15% 11.50% 7.83% 16.08% 15.38%
S&P 500 Index Total Return 2.72% -0.95% 1.68% 15.20% 13.14% 10.21% 19.83% 20.23%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

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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 09/04/2026

NET ASSET VALUE

$30.56

CLOSING PRICE

$30.56

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 Q3 2025 Q4 2026 Q1 2026 Q2 2026 Q3
Premium 47 39 35 39 25
Discount 13 16 8 14 13

Asset Allocation

As of 9/4/2026

Equities

46.06%
Nasdaq
16.98%
US Large Cap
15.00%
Dividend Payers
6.02%
US Small Cap
3.99%
Emerging Ex. China
2.05%
Japan
1.02%
Europe
1.00%

Fixed Income

24.92%
Corporate Bonds
6.91%
High Yield
5.92%
TIPS
3.97%
Emerging Mkt Bonds
3.96%
Long Term Treasuries
2.97%
T-Bills
1.19%

Alternatives

29.02%
Commodities
7.09%
Energy
5.07%
Managed Futures
4.97%
Gold
3.97%
Miners
3.97%
Real Estate
2.94%
Bitcoin
1.01%

Holdings

As of 09/04/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.00 92825400 BBG00RYR67P4 1884780
INVESCO OPTIMUM YIELD DIVERS PDBC 7.09 43883300 N/A 2308430
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.91 42772600 BBG000PWYVH7 531139
SCHWAB HIGH YIELD BOND ETF SCYB 5.92 36631900 BBG01F80WX71 1415450
VANGUARD SMALL-CAP ETF VB 3.99 24706400 BBG000HT3Z79 82352
SPROTT PHYSICAL GOLD TRUS PHYS 3.97 24598400 BBG000Q83F79 732096
SCHWAB U.S. TIPS ETF SCHP 3.97 24551900 BBG000BGN6P5 950152
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.96 24528700 BBG000NXKWH0 259645
iM DBi Managed Futures Strategy ETF DBMF 3.58 22153100 N/A 704614
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.97 18412200 BBG00PZFJPC3 614763
ISHARES MSCI EMR MRK EX CHNA EMXC 2.05 12667700 BBG00H5VLMJ6 125274
NVIDIA CORP NVDA 1.49 9201040 BBG000BBJQV0 39942
Simplify DBi CTA Managed Futures Index ETF SDMF 1.39 8605270 BBG020BR8WR7 329450
APPLE INC AAPL 1.29 7994770 BBG000B9XRY4 24986
Franklin FTSE Japan ETF FLJP 1.02 6300850 BBG00J3MDY16 150666
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.01 6235180 N/A 176584
MICROSOFT CORP MSFT 1.01 6233260 BBG000BPH459 12474
Franklin FTSE Europe ETF FLEE 1.00 6164160 BBG00J3PR1S7 154472
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 0.99 6154850 BBG01922X0X9 123319
MICRON TECHNOLOGY INC MU 0.84 5205960 BBG000C5Z1S3 5121
BHP GROUP LTD BHP 0.83 5133690 BBG000BD5NZ4 56776
AMAZON.COM INC AMZN 0.76 4732280 BBG000BVPV84 18306
CHEVRON CORP CVX 0.68 4208710 BBG000K4ND22 20176
ADVANCED MICRO DEVICES INC AMD 0.58 3561240 BBG000BBQCY0 7457
ALPHABET INC-CL A GOOGL 0.54 3369370 BBG009S39JX6 9955
MARATHON PETROLEUM CORP MPC 0.52 3231370 BBG001DCCGR8 8309
ALPHABET INC-CL C GOOG 0.51 3128110 BBG009S3NB30 9329
Suncor Energy Inc. SU 0.51 3134010 BBG000BC1LY5 46547
EQT CORP EQT 0.51 3128080 BBG000BHZ5J9 56699
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.50 3076810 BBG023CY9MM1 19294
META PLATFORMS INC META 0.50 3087550 BBG000MM2P62 5006
Cheniere Energy Inc LNG 0.50 3119440 BBG000C3HSR0 10683
CANADIAN NATURAL RESOURCES CNQ 0.50 3125490 BBG000HW5GX3 61940
OCCIDENTAL PETROLEUM CORP OXY 0.50 3090920 BBG000BQQ2S6 51481
SCHLUMBERGER LTD SLB 0.49 3009560 BBG000BT41Q8 52331
WILLIAMS COMPANIES INC. WMB 0.49 3045710 BBG000BWVCP8 41075
NEWMONT GOLDCORP CORPORATION COM NEM 0.47 2886250 BBG000BPWXK1 22533
Broadcom Inc. AVGO 0.46 2825940 BBG00KHY5S69 7896
Tesla Inc. TSLA 0.45 2812810 BBG000N9MNX3 7944
REALTY INCOME CORP O 0.43 2636020 BBG000DHPN63 43037
WELLTOWER INC WELL 0.41 2551820 BBG000BKY1G5 10805
RIO TINTO PLC-SPON ADR RIO 0.40 2474140 BBG000FD28T3 23958
WAL-MART STORES INC WMT 0.39 2383220 BBG000BWXBC2 22244
AUTOMATIC DATA PROCESSING ADP 0.37 2300910 BBG000JG0547 8288
INTEL CORP INTC 0.36 2212980 BBG000C0G1D1 23100
FREEPORT-MCMORAN INC FCX 0.36 2247210 BBG000BJDB15 30898
AGNICO EAGLE MINES LTD AEM 0.35 2171780 BBG000DLVDK3 10608
PROLOGIS INC PLD 0.33 2062850 BBG000B9Z0J8 15020
CISCO SYSTEMS INC CSCO 0.32 1971500 BBG000C3J3C9 18054
PEPSICO INC PEP 0.31 1906860 BBG000DH7JK6 13855
MEDTRONIC PLC MDT 0.31 1912030 BBG000BNWG87 20304
KENVUE INC KVUE 0.30 1828050 BBG01C79X561 97548
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.30 1849120 BBG000N7QR55 10607
HORMEL FOODS CORP HRL 0.30 1834820 BBG000BLF8D2 85182
GENUINE PARTS CO GPC 0.30 1828590 BBG000BKL348 13243
COSTCO WHOLESALE CORP COST 0.30 1878180 BBG000F6H8W8 2051
FRANKLIN RESOURCES INC BEN 0.30 1875450 BBG000BD0TF8 54001
T ROWE PRICE GROUP INC TROW 0.30 1829150 BBG000BVMPN3 16662
STANLEY BLACK & DECKER INC SWK 0.30 1853090 BBG000BTQR96 19199
AO Smith Corp AOS 0.30 1870590 BBG000BC1L02 30929
AMCOR PLC COMMON STOCK USD.01 AMCR 0.29 1807040 N/A 40023
LAM RESH CORP LRCX 0.29 1774830 BBG000BNFLM9 5769
ILLINOIS TOOL WORKS ITW 0.29 1782250 BBG000BMBL90 6598
Kimberly-Clark Corp KMB 0.29 1791040 BBG000BMW2Z0 17064
GLENCORE PLC -UNSP ADR GLNCY 0.28 1752340 BBG001VKX1Z1 107836
CLOROX COMPANY CLX 0.28 1752600 BBG000BFS7D3 18833
EQUINIX INC EQIX 0.28 1734230 BBG000MBDGM6 1674
Barrick Mining Corp. B 0.27 1663630 N/A 37176
ABBVIE INC ABBV 0.27 1679810 BBG0025Y4RY4 6550
APPLIED MATERIALS INC AMAT 0.27 1681520 BBG000BBPFB9 3698
EVERSOURCE ENERGY ES 0.26 1610990 BBG000BQ87N0 22674
NETFLIX INC NFLX 0.25 1522900 BBG000CL9VN6 19462
PPG INDUSTRIES INC PPG 0.25 1577900 BBG000BRJ809 14022
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.24 1466730 BBG000PVRDL2 9464
International Business Machines Corporation IBM 0.24 1490850 BBG000BLNNH6 6347
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1359060 N/A 47905
SPACE EXPLORATION TECH CORP A SPCX 0.21 1300480 BBG000NQF3Z5 8790
NUCOR CORP NUE 0.21 1284730 BBG000BQ8KV2 4921
DIGITAL REALTY TRUST INC DLR 0.20 1222270 BBG000Q5ZRM7 6488
SIMON PROPERTY GROUP INC SPG 0.20 1217060 BBG000BJ2D31 5811
ERIE INDEMNITY COMPANY-CL A ERIE 0.20 1216220 BBG000BBTJZ1 4811
PALO ALTO NETWORKS INC PANW 0.20 1232400 BBG0014GJCT9 3698
SANDISK CORP/DE SNDKV SNDK 0.19 1176240 BBG01R388JG1 676
Vivmark Residential VMRK 0.19 1181130 BBG000BG8M31 18073.9
FRANCO-NEVADA CORP FNV 0.18 1119550 BBG000TRN6Z1 4206
KLA CORPORATION KLAC 0.18 1123070 BBG000BMTFR4 6051
PUBLIC STORAGE PSA 0.18 1104750 BBG000BPPN67 3658
AMGEN INC AMGN 0.18 1097880 BBG000BBS2Y0 2511
TEXAS INSTRUMENTS INC TXN 0.17 1075370 BBG000BVV7G1 4161
Ventas Inc. VTR 0.17 1045060 BBG000FRVHB9 11577
LINDE PLC LIN 0.16 1019610 BBG01FND0CC1 2135
Crowdstrike Holdings Inc. Class A CRWD 0.16 961933 BBG00BLYKS03 4514
VALE SA-SP ADR VALE 0.16 995680 BBG000BN5LG7 65205
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.15 924826 BBG00ZXBJ153 4137
T-MOBILE US INC TMUS 0.15 911230 BBG000NDV1D4 5020
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.14 858059 BBG00CMNZNK7 858059
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 895990 BBG0113JGQF0 1055
SHOPIFY INC - CLASS A SHOP 0.14 849792 BBG004DW5NB8 5857
IRON MOUNTAIN INC IRM 0.14 836250 BBG000KCZPC3 7156
GILEAD SCIENCES INC GILD 0.14 858709 BBG000CKGBP2 5687
Cash & Other Cash&Other 0.14 879339 N/A 879339
ANALOG DEVICES INC ADI 0.13 811078 BBG000BB6G37 2239
QUALCOMM INC QCOM 0.13 798309 BBG000CGC1X8 4731
ASML HOLDING NV-NY REG SHS ASML 0.12 728824 BBG000K6MRN4 425
WESTERN DIGITAL CORP WDC 0.12 762650 BBG000BWNFZ9 1632
BOOKING HOLDINGS INC BKNG 0.11 708794 BBG000BLBVN4 3667
VICI PROPERTIES INC REIT VICI 0.11 652760 BBG00HVVB499 25679
EXTRA SPACE STORAGE INC EXR 0.11 700288 BBG000PV27K3 5029
INTUITIVE SURGICAL INC ISRG 0.10 596621 BBG000BJPDZ1 1627
VERTEX PHARMACEUTICALS INC VRTX 0.10 639506 BBG000C1S2X2 1171
ROPER TECHNOLOGIES INC ROP 0.09 542090 BBG000F1ZSN5 1331
STARBUCKS CORP SBUX 0.09 555676 BBG000CTQBF3 5319
ARM HOLDINGS PLC ARM 0.08 492080 BBG01J1GXZF0 1952
CONSTELLATION ENERGY CORPORATION CEG 0.08 495975 BBG014KFRNP7 1659
FORTINET INC FTNT 0.08 515444 BBG000BCMBG4 3298
MERCADOLIBRE INC MELI 0.08 468871 BBG000GQPB11 237
ADOBE SYSTEMS INC ADBE 0.08 497308 BBG000BB5006 1866
APPLOVIN CORP APP 0.07 462889 BBG006HFPX77 1444
DOORDASH INC CLASS A DASH 0.07 408427 BBG005D7QCJ3 1929
COMCAST CORP-CLASS A CMCSA 0.07 439999 BBG000BFT2L4 16610
MONSTER BEVERAGE CORP MNST 0.07 402793 BBG008NVB1C0 9192
ESSEX PROPERTY TRUST INC ESS 0.07 423487 BBG000CGJMB9 1520
CSX CORP CSX 0.07 429620 BBG000BGJRC8 8695
Marriott International, Inc Class A MAR 0.07 420638 BBG000BGD7W6 1250
INTUIT INC INTU 0.07 420866 BBG000BH5DV1 1265
AIRBNB INC ABNB 0.06 362606 BBG001Y2XS07 1993
HEALTHPEAK PROPERTIES INC DOC 0.06 340642 BBG000BKYDP9 16496
INVITATION HOMES INC REIT USD.01 INVH 0.06 399731 BBG00FQH6BS9 14080
SYNOPSYS INC SNPS 0.06 347367 BBG000BSFRF3 882
CONSOLIDATED EDISON INC ED 0.06 370365 BBG000BHLYS1 3452
ROSS STORES INC ROST 0.06 343756 BBG000BSBZH7 1493
MCDONALDS CORP MCD 0.06 355920 BBG000BNSZP1 1392
Sun Communities Inc SUI 0.06 346615 BBG000BLJWF3 2902
HOST HOTELS & RESORTS INC HST 0.06 359812 BBG000BL8804 16318
MID-AMERICA APARTMENT COMM MAA 0.06 353137 BBG000BLMY92 2752
KIMCO REALTY CORP KIM 0.06 368066 BBG000CN3S73 15596
W. P. CAREY REIT INC WPC 0.06 369917 BBG000BCQM58 5256
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 363758 BBG000D4LWF6 5936
CINTAS CORP CTAS 0.06 374278 BBG000H3YXF8 1867
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 362256 BBG000B9ZXB4 3344
REGENERON PHARMACEUTICALS REGN 0.06 392339 BBG000C734W3 474
AIR PRODUCTS & CHEMICALS INC APD 0.06 361825 BBG000BC4JJ4 1201
CADENCE DESIGN SYS INC CDNS 0.06 372900 BBG000C13CD9 1274
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 312738 BBG022XF4SZ9 1492
Warner Bros Discovery Inc WBD 0.05 328858 BBG011386VF4 11641
Datadog Inc. Class A DDOG 0.05 328764 BBG003NJHZT9 1544
Baker Hughes Company BKR 0.05 287655 BBG00GBVBK51 4530
LUMENTUM HOLDINGS INC LITE 0.05 313727 BBG0073F9RT7 356
AMERICAN ELECTRIC POWER AEP 0.05 314736 BBG000BB9KF2 2528
PACCAR INC PCAR 0.05 306513 BBG000BQVTF5 2458
OREILLY AUTOMOTIVE INC ORLY 0.05 333982 BBG000BGYWY6 3800
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 238617 BBG020QYV152 1482
ASTERA LABS INC ALAB 0.04 242733 BBG00TDKHW99 782
Nebius Group NV NBIS 0.04 234766 BBG001NVJ6W4 1037
NXP Semiconductors NV NXPI 0.04 264972 BBG000BND699 1163
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 257235 BBG00LBLDDR2 3129
FASTENAL CO FAST 0.04 264517 BBG000BJ8YN7 5333
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 219664 BBG00B6BFWH9 2077
PAYPAL HOLDINGS INC PYPL 0.04 224951 BBG0077VNXV6 4093
TERADYNE INC TER 0.04 262060 BBG000BV4DR6 734
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 277816 BBG000C30L48 227
XCEL ENERGY INC XEL 0.04 220800 BBG000BCTQ65 2916
DIAMONDBACK ENERGY INC FANG 0.04 256396 BBG002PHSYX9 1287
THOMSON REUTERS CORP TRI 0.03 186420 N/A 1764
ROCKET LAB CORP RKLB 0.03 173052 BBG01V7JN3F3 2693
COREWEAVE INC CRWV 0.03 184975 BBG011ZTRJ21 2070
FERROVIAL SA FER 0.03 193590 BBG01H0DF657 3334.88
KEURIG DR PEPPER INC KDP 0.03 207077 BBG000TJM7F0 6354
AXON ENTERPRISE INC AXON 0.03 201111 BBG000BHJWG1 390
WORKDAY INC-CLASS A WDAY 0.03 186784 BBG000VC0T95 954
PAYCHEX INC PAYX 0.03 201065 BBG000BQSQ38 1652
AUTODESK INC ADSK 0.03 212888 BBG000BM7HL0 977
IDEXX LABS IDXX 0.03 193808 BBG000BLRT07 362
Old Dominion Freight Line Inc. ODFL 0.03 177506 BBG000CHSS88 955
MICROCHIP TECHNOLOGY INC MCHP 0.03 186463 BBG000BHCP19 2514
DEXCOM INC DXCM 0.03 157253 BBG000QTF8K1 1789
EXELON CORP EXC 0.03 207377 BBG000J6XT05 4752
MICROSTRATEGY INC-CL A MSTR 0.03 212058 BBG000GQJPZ0 1485
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 162327 BBG000BFGNJ5 610
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 196656 BBG000BS1YV5 916
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 145432 BBG01BFR8YV1 2112
COPART INC CPRT 0.02 142737 BBG000BM9RH1 4233
KRAFT HEINZ CO/THE KHC 0.02 135930 BBG005CPNTQ2 5470

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.