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.

Read the Real Asset Allocation Model research.

NAV Historical Change

Fund Details

As of 01/27/2026
TICKER RAA
NET ASSETS $539M
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 $28.73
30 DAY MEDIAN BID-ASK SPREAD 0.0007

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 0.22% 0.22% 2.57% 2.57% - - 12.32% 12.32%
RAA - Market Price 0.23% 0.23% 2.59% 2.59% - - 12.36% 12.36%
S&P 500 Index Total Return 0.06% 0.06% 2.65% 2.65% - - 16.19% 16.19%
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 01/27/2026

NET ASSET VALUE

$28.73

CLOSING PRICE

$28.73

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 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Premium 23 54 47 39 9
Discount 0 5 13 16 3

Asset Allocation

As of 1/26/2026

Equities

57.28%
Nasdaq
28.40%
US Large Cap
16.66%
US Small Cap
4.10%
Dividend Payers
4.02%
Japan
2.03%
Emerging Ex. China
1.06%
Europe
1.01%

Fixed Income

20.61%
High Yield
5.83%
Corporate Bonds
4.84%
Emerging Mkt Bonds
3.88%
TIPS
2.91%
Long Term Treasuries
1.95%
T-Bills
1.20%

Alternatives

22.11%
Managed Futures
9.08%
Gold
5.62%
Miners
4.44%
Commodities
1.05%
Bitcoin
0.96%
Real Estate
0.96%
Energy
0.00%

Holdings

As of 01/27/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 16.59 89372900 BBG00RYR67P4 670515
iM DBi Managed Futures Strategy ETF DBMF 9.18 49425000 N/A 1654670
SCHWAB HIGH YIELD BOND ETF SCYB 5.79 31174700 BBG01F80WX71 1170660
SPROTT PHYSICAL GOLD TRUS PHYS 5.71 30746600 BBG000Q83F79 780966
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.80 25841200 BBG000PWYVH7 307780
VANGUARD SMALL-CAP ETF VB 4.07 21930800 BBG000HT3Z79 80019
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.85 20734500 BBG000NXKWH0 214244
SCHWAB U.S. TIPS ETF SCHP 2.88 15539400 BBG000BGN6P5 583969
NVIDIA CORP NVDA 2.53 13627400 BBG000BBJQV0 72286
APPLE INC AAPL 2.10 11329800 BBG000B9XRY4 43868
Franklin FTSE Japan ETF FLJP 2.04 10988300 BBG00J3MDY16 299654
MICROSOFT CORP MSFT 1.97 10601100 BBG000BPH459 22059
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.92 10359200 BBG00PZFJPC3 325249
AMAZON.COM INC AMZN 1.44 7756360 BBG000BVPV84 31700
ISHARES MSCI GLOBAL METALS & PICK 1.11 6003580 BBG002GKR8T5 98500
META PLATFORMS INC META 1.08 5808400 BBG000MM2P62 8631
ISHARES MSCI EMR MRK EX CHNA EMXC 1.07 5768300 BBG00H5VLMJ6 70768
Tesla Inc. TSLA 1.07 5744760 BBG000N9MNX3 13332
ALPHABET INC-CL A GOOGL 1.07 5754590 BBG009S39JX6 17201
INVESCO OPTIMUM YIELD DIVERS PDBC 1.05 5677220 N/A 388319
Franklin FTSE Europe ETF FLEE 1.02 5485900 BBG00J3PR1S7 141171
ALPHABET INC-CL C GOOG 0.99 5350620 BBG009S3NB30 15972
GRAYSCALE BITCN MINI TRU ETF BTC.UP 0.98 5256630 N/A 133012
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 0.96 5153600 BBG01922X0X9 103072
Broadcom Inc. AVGO 0.87 4687010 BBG00KHY5S69 14084
MICRON TECHNOLOGY INC MU 0.72 3864870 BBG000C5Z1S3 9421
COSTCO WHOLESALE CORP COST 0.65 3509500 BBG000F6H8W8 3617
ADVANCED MICRO DEVICES INC AMD 0.62 3360820 BBG000BBQCY0 13335
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.59 3192380 BBG000N7QR55 19266
NETFLIX INC NFLX 0.55 2957470 BBG000CL9VN6 34558
ISHARES MSCI GLOBAL GOLD MIN RING 0.51 2772460 BBG002GKR6T9 29595
BHP GROUP LTD BHP 0.49 2651270 BBG000BD5NZ4 37612
CISCO SYSTEMS INC CSCO 0.48 2565990 BBG000C3J3C9 32613
LAM RESH CORP LRCX 0.46 2497150 BBG000BNFLM9 10472
APPLIED MATERIALS INC AMAT 0.41 2204200 BBG000BBPFB9 6625
NEWMONT GOLDCORP CORPORATION COM NEM 0.38 2035300 BBG000BPWXK1 16026
FREEPORT-MCMORAN INC FCX 0.37 1979520 BBG000BJDB15 31486
AUTOMATIC DATA PROCESSING ADP 0.35 1862250 BBG000JG0547 7317
AGNICO EAGLE MINES LTD AEM 0.34 1841680 BBG000DLVDK3 8520
KLA CORPORATION KLAC 0.33 1781200 BBG000BMTFR4 1102
LINDE PLC LIN 0.32 1705660 BBG01FND0CC1 3765
PEPSICO INC PEP 0.31 1663060 BBG000DH7JK6 11178
INTEL CORP INTC 0.31 1691660 BBG000C0G1D1 38508
T-MOBILE US INC TMUS 0.31 1676280 BBG000NDV1D4 9086
FASTENAL CO FAST 0.29 1555740 BBG000BJ8YN7 35398
AMGEN INC AMGN 0.29 1544750 BBG000BBS2Y0 4397
RIO TINTO PLC-SPON ADR RIO 0.29 1545190 BBG000FD28T3 16631
INTUITIVE SURGICAL INC ISRG 0.28 1534170 BBG000BJPDZ1 2922
TEXAS INSTRUMENTS INC TXN 0.27 1475510 BBG000BVV7G1 7504
SHOPIFY INC - CLASS A SHOP 0.27 1430000 BBG008HBD923 10400
GILEAD SCIENCES INC GILD 0.27 1451570 BBG000CKGBP2 10297
Barrick Mining Corp. B 0.26 1396700 N/A 26772
APPLOVIN CORP APP 0.26 1408910 BBG006HFPX77 2592
QUALCOMM INC QCOM 0.25 1350580 BBG000CGC1X8 8825
BOOKING HOLDINGS INC BKNG 0.25 1360500 BBG000BLBVN4 264
REALTY INCOME CORP O 0.23 1255070 BBG000DHPN63 20602
INTUIT INC INTU 0.23 1256600 BBG000BH5DV1 2304
ANALOG DEVICES INC ADI 0.23 1222310 BBG000BB6G37 4023
HONEYWELL INTERNATIONAL INC HON 0.21 1140120 BBG000H556T9 5161
CLOROX COMPANY CLX 0.21 1142340 BBG000BFS7D3 10204
STANLEY BLACK & DECKER INC SWK 0.21 1109550 BBG000BTQR96 13688
GENUINE PARTS CO GPC 0.20 1073090 BBG000BKL348 7699
HORMEL FOODS CORP HRL 0.20 1081740 BBG000BLF8D2 42926
GLENCORE PLC -UNSP ADR GLNCY 0.20 1056850 BBG001VKX1Z1 75760
AIR PRODUCTS & CHEMICALS INC APD 0.20 1083640 BBG000BC4JJ4 4182
PALO ALTO NETWORKS INC PANW 0.20 1056960 BBG0014GJCT9 5760
FRANKLIN RESOURCES INC BEN 0.20 1100020 BBG000BD0TF8 43138
MEDTRONIC PLC MDT 0.20 1072150 BBG000BNWG87 10648
ILLINOIS TOOL WORKS ITW 0.20 1067100 BBG000BMBL90 4125
AMCOR PLC COMMON STOCK USD.01 AMCR 0.20 1097240 N/A 24535.8
KENVUE INC KVUE 0.19 1039480 BBG01C79X561 59399
FRANCO-NEVADA CORP FNV 0.19 1035670 BBG000RD3CL8 3954
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.19 1035200 BBG000PVRDL2 6930
Kimberly-Clark Corp KMB 0.19 1019380 BBG000BMW2Z0 10129
ADOBE SYSTEMS INC ADBE 0.19 1006170 BBG000BB5006 3383
T ROWE PRICE GROUP INC TROW 0.19 1045730 BBG000BVMPN3 9930
ASML HOLDING NV-NY REG SHS ASML 0.19 1016760 BBG000K6MRN4 699
VERTEX PHARMACEUTICALS INC VRTX 0.18 978687 BBG000C1S2X2 2064
VALE SA-SP ADR VALE 0.18 969565 BBG000BN5LG7 58976
Crowdstrike Holdings Inc. Class A CRWD 0.18 984780 BBG00BLYKS03 2066
CONSOLIDATED EDISON INC ED 0.18 957421 BBG000BHLYS1 9088
ABBVIE INC ABBV 0.17 901990 BBG0025Y4RY4 4028
MERCADOLIBRE INC MELI 0.17 934065 BBG000GQPB11 407
COMCAST CORP-CLASS A CMCSA 0.16 843751 BBG000BFT2L4 29399
STARBUCKS CORP SBUX 0.16 888377 BBG000CTQBF3 9281
Anglo American PLC NGLOD 0.16 853299 N/A 35436
International Business Machines Corporation IBM 0.15 826040 BBG000BLNNH6 2811
CONSTELLATION ENERGY CORPORATION CEG 0.14 735183 BBG014KFRNP7 2546
SYNOPSYS INC SNPS 0.14 759579 BBG000BSFRF3 1511
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.14 743899 BBG00CMNZNK7 743899
WESTERN DIGITAL CORP WDC 0.13 705174 BBG000BWNFZ9 2791
CADENCE DESIGN SYS INC CDNS 0.13 704553 BBG000C13CD9 2213
Marriott International, Inc Class A MAR 0.13 683469 BBG000BGD7W6 2177
WELLTOWER INC WELL 0.13 690656 BBG000BKY1G5 3764
DOORDASH INC CLASS A DASH 0.13 691131 BBG005D7QCJ3 3333
OREILLY AUTOMOTIVE INC ORLY 0.13 689851 BBG000BGYWY6 6856
MONDELEZ INTERNATIONAL INC-A MDLZ 0.12 632753 BBG000D4LWF6 10721
CHEVRON CORP CVX 0.12 648307 BBG000K4ND22 3835
REGENERON PHARMACEUTICALS REGN 0.12 654020 BBG000C734W3 848
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.12 652811 BBG0113JGQF0 1756
MONSTER BEVERAGE CORP MNST 0.12 643465 BBG008NVB1C0 7904
CINTAS CORP CTAS 0.12 629272 BBG000H3YXF8 3291
CINCINNATI FINANCIAL CORP CINF 0.11 598921 BBG000BFPK65 3794
CSX CORP CSX 0.11 571454 BBG000BGJRC8 15170
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.11 570890 BBG00ZXBJ153 6884
PROLOGIS INC PLD 0.11 616087 BBG000B9Z0J8 4787
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.11 574855 BBG00LBLDDR2 5377
PACCAR INC PCAR 0.10 519241 BBG000BQVTF5 4298
Warner Bros Discovery Inc WBD 0.10 564684 BBG011386VF4 20117
AMERICAN ELECTRIC POWER AEP 0.10 521670 BBG000BB9KF2 4368
EQUINIX INC EQIX 0.09 483301 BBG000MBDGM6 597
AIRBNB INC ABNB 0.09 460522 BBG001Y2XS07 3483
NXP Semiconductors NV NXPI 0.09 465264 BBG000BND699 2028
FORTINET INC FTNT 0.09 501291 BBG000BCMBG4 6135
ROSS STORES INC ROST 0.09 488808 BBG000BSBZH7 2628
AUTODESK INC ADSK 0.09 466745 BBG000BM7HL0 1741
PAYPAL HOLDINGS INC PYPL 0.08 420766 BBG0077VNXV6 7580
MONOLITHIC POWER SYSTEMS INC MPWR 0.08 418477 BBG000C30L48 382
Baker Hughes Company BKR 0.08 439174 BBG00GBVBK51 7773
IDEXX LABS IDXX 0.08 448808 BBG000BLRT07 646
THOMSON REUTERS CORP COMMON STOCK TRI 0.08 426732 N/A 3589
TARGET CORP TGT 0.08 441384 BBG000H8TVT2 4240
FERROVIAL SE FER 0.08 416228 BBG01H7CZ9S9 5970
ASTRAZENECA PLC-SPONS ADR AZN 0.08 447312 BBG000BZ0DK8 4679
ELECTRONIC ARTS INC EA 0.08 416506 BBG000BP0KQ8 2038
XCEL ENERGY INC XEL 0.07 368369 BBG000BCTQ65 4826
SIMON PROPERTY GROUP INC SPG 0.07 356570 BBG000BJ2D31 1932
EXELON CORP EXC 0.07 365409 BBG000J6XT05 8151
AXON ENTERPRISE INC AXON 0.07 391761 BBG000BHJWG1 642
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.07 369753 BBG000BS1YV5 1506
DIGITAL REALTY TRUST INC DLR 0.07 376084 BBG000Q5ZRM7 2305
ALNYLAM PHARMACEUTICALS INC ALNY 0.07 384904 BBG000BFGNJ5 1085
Datadog Inc. Class A DDOG 0.07 359622 BBG003NJHZT9 2602
DIAMONDBACK ENERGY INC FANG 0.07 361362 BBG002PHSYX9 2271
MICROSTRATEGY INC-CL A MSTR 0.07 354830 BBG000GQJPZ0 2196
ROPER TECHNOLOGIES INC ROP 0.06 317941 BBG000F1ZSN5 861
MICROCHIP TECHNOLOGY INC MCHP 0.06 328975 BBG000BHCP19 4377
PAYCHEX INC PAYX 0.06 299844 BBG000BQSQ38 2887
PUBLIC STORAGE PSA 0.06 329352 BBG000BPPN67 1186
COGNIZANT TECH SOLUTIONS-A CTSH 0.06 330389 BBG000BBDV81 3903
KEURIG DR PEPPER INC KDP 0.06 307104 BBG000TJM7F0 11131
COPART INC CPRT 0.06 320255 BBG000BM9RH1 7933
WORKDAY INC-CLASS A WDAY 0.06 323980 BBG000VC0T95 1718
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.06 302324 BBG01BFR8YV1 3764
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.06 340388 BBG00B6BFWH9 3750
Ventas Inc. VTR 0.05 245243 BBG000FRVHB9 3229
INSMED INC INSM 0.05 278440 BBG000BWM5P3 1712
AO Smith Corp AOS 0.05 293650 BBG000BC1L02 4157
PPG INDUSTRIES INC PPG 0.05 256070 BBG000BRJ809 2322
Zscaler Inc. ZS 0.05 286450 BBG003338H34 1304
Old Dominion Freight Line Inc. ODFL 0.05 293757 BBG000CHSS88 1684
VERISK ANALYTICS INC VRSK 0.05 243531 BBG000BCZL41 1126
KRAFT HEINZ CO/THE KHC 0.04 231810 BBG005CPNTQ2 9781
AVALONBAY COMMUNITIES INC AVB 0.04 197506 BBG000BLPBL5 1122
COSTAR GROUP INC CSGP 0.04 232631 BBG000D7JKW9 3513
CHARTER COMMUNICATIONS INC-A CHTR 0.04 194701 BBG000VPGNR2 1064
EXTRA SPACE STORAGE INC EXR 0.04 216535 BBG000PV27K3 1549
VICI PROPERTIES INC REIT VICI 0.04 203804 BBG00HVVB499 7151
NEXTERA ENERGY INC NEE 0.04 222407 BBG000BJSBJ0 2552
JOHNSON & JOHNSON JNJ 0.04 222420 BBG000BMHYD1 991
DEXCOM INC DXCM 0.04 229556 BBG000QTF8K1 3116
MCDONALDS CORP MCD 0.04 206698 BBG000BNSZP1 658
ATLASSIAN CORP PLC-CLASS A TEAM 0.03 182719 BBG01BGWHFR5 1365
IRON MOUNTAIN INC IRM 0.03 164087 BBG000KCZPC3 1789
EQUITY RESIDENTIAL EQR 0.03 155561 BBG000BG8M31 2503
Sun Communities Inc SUI 0.02 101251 BBG000BLJWF3 797
ESSEX PROPERTY TRUST INC ESS 0.02 95909.1 BBG000CGJMB9 381
MID-AMERICA APARTMENT COMM MAA 0.02 102664 BBG000BLMY92 762
Omega Healthcare Investors Inc OHI 0.02 95989.1 BBG000BGBTC2 2223
KIMCO REALTY CORP KIM 0.02 104281 BBG000CN3S73 4980
INVITATION HOMES INC REIT USD.01 INVH 0.02 97844.4 BBG00FQH6BS9 3655
W. P. CAREY REIT INC WPC 0.02 105707 BBG000BCQM58 1528
Solstice Advanced Materials Inc. SOLSV 0.00 9057.79 BBG01X5744P5 145.25
Cash & Other Cash&Other -0.04 -206954 N/A -206954

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.