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 03/13/2025
TICKER RAA
NET ASSETS $334M
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 $23.80
30 DAY MEDIAN BID-ASK SPREAD 0.00166

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 - - - -
RAA - Market Price - - - -
S&P 500 Index Total Return - - - -
RAA 2025
NAV N/A
MARKET PRICE N/A
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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

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 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Premium 0 0 0 0 11
Discount 0 0 0 0 0

Holdings

As of 03/13/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
ABBVIE INC ABBV 0.20 658132 BBG0025Y4RY4 3111
ADOBE SYSTEMS INC ADBE 0.28 931753 BBG000BB5006 2466
ALPHABET INC-CL A GOOGL 0.69 2293780 BBG009S39JX6 14093
ALPHABET INC-CL C GOOG 0.67 2234560 BBG009S3NB30 13565
AMCOR PLC AMCR 0.20 664865 BBG00LNJRQ09 69041
ANSYS INC ANSS 0.03 108923 BBG000GXZ4W7 343
APPLOVIN CORP APP 0.14 468928 BBG006HFPX77 1724
ARM Holdings PLC ARM 0.02 68574.6 N/A 612
ASML HOLDING NV-NY REG SHS ASML 0.12 392443 BBG000K6MRN4 565
AXON ENTERPRISE INC AXON 0.05 166248 BBG000BHJWG1 311
Advanced Micro Devices Inc AMD 0.26 880341 N/A 8973
Aflac Inc AFL 0.12 415250 N/A 3951
Air Products and Chemicals Inc APD 0.00 9371.2 N/A 32
Airbnb Inc ABNB 0.10 327817 N/A 2746
Alexandria Real Estate Equities Inc ARE 0.03 110858 N/A 1147
Amazon.com Inc AMZN 1.51 5050450 N/A 26048
American Electric Power Co Inc AEP 0.09 298231 N/A 2861
Amgen Inc AMGN 0.27 892587 N/A 2855
Analog Devices Inc ADI 0.17 564118 N/A 2768
Apple Inc AAPL 2.08 6948590 N/A 33139
Applied Materials Inc AMAT 0.20 671176 N/A 4476
Archer-Daniels-Midland Co ADM 0.21 690275 N/A 14609
AstraZeneca PLC AZN 0.08 257839 N/A 3370
Atlassian Corp TEAM 0.05 175344 N/A 843
Autodesk Inc ADSK 0.08 281994 N/A 1142
Automatic Data Processing Inc ADP 0.19 639290 N/A 2212
AvalonBay Communities Inc AVB 0.07 235713 N/A 1134
BIOGEN INC BIIB 0.02 82308.2 BBG000C17X76 588
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 21.29 71045600 BBG00RYR67P4 675082
BOOKING HOLDINGS INC BKNG 0.22 734513 BBG000BLBVN4 171
Baker Hughes Company BKR 0.08 256993 BBG00GBVBK51 6157
Broadcom Inc. AVGO 1.15 3847290 BBG00KHY5S69 20105
C.H. ROBINSON WORLDWIDE INC CHRW 0.20 651701 BBG000BTCH57 6766
CADENCE DESIGN SYS INC CDNS 0.12 400506 BBG000C13CD9 1658
CANADIAN NATURAL RESOURCES CNQ 0.10 339496 BBG000HW5GX3 11825
CDW CORP/DE CDW 0.03 95320.5 BBG001P63B80 583
CHARTER COMMUNICATIONS INC-A CHTR 0.08 255251 BBG000VPGNR2 739
CHEVRON CORP CVX 0.22 742858 BBG000K4ND22 4836
CINCINNATI FINANCIAL CORP CINF 0.21 708530 BBG000BFPK65 4990
CINTAS CORP CTAS 0.13 437953 BBG000H3YXF8 2298
CISCO SYSTEMS INC CSCO 0.38 1282550 BBG000C3J3C9 21494
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.07 227751 BBG00B6BFWH9 2768
COGNIZANT TECH SOLUTIONS-A CTSH 0.07 223504 BBG000BBDV81 2853
COMCAST CORP-CLASS A CMCSA 0.22 722523 BBG000BFT2L4 20822
CONSOLIDATED EDISON INC ED 0.04 120151 BBG000BHLYS1 1149
CONSTELLATION ENERGY CORPORATION CEG 0.11 361186 BBG014KFRNP7 1721
COPART INC CPRT 0.09 293351 BBG000BM9RH1 5609
COSTAR GROUP INC CSGP 0.05 170419 BBG000D7JKW9 2259
COSTCO WHOLESALE CORP COST 0.69 2316500 BBG000F6H8W8 2601
CSX CORP CSX 0.10 341462 BBG000BGJRC8 11722
Cash & Other Cash&Other 0.03 85215.1 N/A 85215.1
Cheniere Energy Inc LNG 0.09 308228 BBG000C3HSR0 1457
Crowdstrike Holdings Inc. Class A CRWD 0.12 411340 BBG00BLYKS03 1237
DEXCOM INC DXCM 0.05 154285 BBG000QTF8K1 2253
DIAMONDBACK ENERGY INC FANG 0.07 241153 BBG002PHSYX9 1654
DIGITAL REALTY TRUST INC DLR 0.12 409413 BBG000Q5ZRM7 2829
DOORDASH INC CLASS A DASH 0.12 404362 BBG005D7QCJ3 2268
Datadog Inc. Class A DDOG 0.05 170618 BBG003NJHZT9 1729
ELECTRONIC ARTS INC EA 0.05 165402 BBG000BP0KQ8 1201
EQT CORP EQT 0.11 354919 BBG000BHZ5J9 7264
EQUINIX INC EQIX 0.22 724703 BBG000MBDGM6 869
EQUITY RESIDENTIAL EQR 0.07 225802 BBG000BG8M31 3307
ESSEX PROPERTY TRUST INC ESS 0.04 144887 BBG000CGJMB9 502
EVERSOURCE ENERGY ES 0.21 686697 BBG000BQ87N0 11424
EXELON CORP EXC 0.07 245388 BBG000J6XT05 5645
EXTRA SPACE STORAGE INC EXR 0.07 242182 BBG000PV27K3 1695
EXXON MOBIL CORP XOM 0.09 308623 BBG000GZQ728 2840
FASTENAL CO FAST 0.07 245461 BBG000BJ8YN7 3331
FIRST AMERN FDS INC GOVT OBLIGS X FGXXX 0.44 1454650 BBG00CMNZNK7 1454650
FRANKLIN RESOURCES INC BEN 0.20 658019 BBG000BD0TF8 34779
Fortinet Inc FTNT 0.13 420390 N/A 4500
Franklin FTSE Europe ETF FLEE 0.63 2106640 BBG00J3PR1S7 67629
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.07 223825 BBG01BFR8YV1 2748
GENERAL DYNAMICS CORP GD 0.21 717145 BBG000BK67C7 2746
GENUINE PARTS CO GPC 0.20 662956 BBG000BKL348 5551
GILEAD SCIENCES INC GILD 0.25 830580 BBG000CKGBP2 7379
GLOBALFOUNDRIES INC GFS 0.03 104001 BBG000C2L5G9 2847
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.97 9915260 N/A 279303
HONEYWELL INTERNATIONAL INC HON 0.21 706466 BBG000H556T9 3418
HORMEL FOODS CORP HRL 0.21 712066 BBG000BLF8D2 24146
Harbor Scientific Alpha High-Yield ETF SIHY 0.57 1890400 BBG011S2KC93 42037
IDEXX LABS IDXX 0.04 135295 BBG000BLRT07 333
ILLINOIS TOOL WORKS ITW 0.18 609651 BBG000BMBL90 2435
INTEL CORP INTC 0.18 607360 BBG000C0G1D1 25627
INTUIT INC INTU 0.24 805128 BBG000BH5DV1 1385
INTUITIVE SURGICAL INC ISRG 0.28 919709 BBG000BJPDZ1 1929
INVESCO OPTIMUM YIELD DIVERS PDBC 1.03 3452970 N/A 260013
INVITATION HOMES INC REIT USD.01 INVH 0.05 166062 BBG00FQH6BS9 5049
IRON MOUNTAIN INC IRM 0.06 197092 BBG000KCZPC3 2316
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 2.68 8927960 BBG000NXKWH0 98510
ISHARES MSCI EMR MRK EX CHNA EMXC 1.06 3546140 BBG00H5VLMJ6 64912
ISHARES MSCI GLOBAL METALS & PICK 2.13 7096940 BBG002GKR8T5 193588
International Business Machines Corporation IBM 0.21 684553 BBG000BLNNH6 2785
J M Smucker Co COM STK NPV SJM 0.21 692353 BBG000BT1715 6195
KENVUE INC KVUE 0.21 687843 BBG01C79X561 29674
KEURIG DR PEPPER INC KDP 0.08 279084 BBG000TJM7F0 8429
KIMCO REALTY CORP KIM 0.04 124222 BBG000CN3S73 6171
KLA CORPORATION KLAC 0.15 496814 BBG000BMTFR4 729
KRAFT HEINZ CO/THE KHC 0.07 219934 BBG005CPNTQ2 7285
LAM RESH CORP LRCX 0.17 550753 BBG000BNFLM9 7318
LINDE PLC LIN 0.39 1292240 BBG01FND0CC1 2851
LULULEMON ATHLETICA INC LULU 0.05 182092 BBG000R8ZVD1 588
MARATHON PETROLEUM CORP MPC 0.09 309391 BBG001DCCGR8 2258
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.09 313202 BBG00ZXBJ153 4555
MCDONALDS CORP MCD 0.03 93117.5 BBG000BNSZP1 313
MEDTRONIC PLC MDT 0.20 676594 BBG000BNWG87 7328
MERCADOLIBRE INC MELI 0.16 547168 BBG000GQPB11 275
META PLATFORMS INC META 0.93 3101050 BBG000MM2P62 5255
MICROCHIP TECHNOLOGY INC MCHP 0.04 146641 BBG000BHCP19 2826
MICRON TECHNOLOGY INC MU 0.18 589584 BBG000C5Z1S3 6214
MICROSOFT CORP MSFT 1.98 6616730 BBG000BPH459 17469
MICROSTRATEGY INC-CL A MSTR 0.09 304065 BBG000GQJPZ0 1155
MID-AMERICA APARTMENT COMM MAA 0.04 149286 BBG000BLMY92 923
MONDELEZ INTERNATIONAL INC-A MDLZ 0.16 543073 BBG000D4LWF6 8395
MONGODB INC COMMON STOCK USD.001 MDB 0.01 31837.2 BBG0022FDRY8 172
MONSTER BEVERAGE CORP MNST 0.09 303489 BBG008NVB1C0 5585
Marriott International, Inc Class A MAR 0.10 350003 BBG000BGD7W6 1475
NETFLIX INC NFLX 0.68 2259250 BBG000CL9VN6 2538
NVIDIA CORP NVDA 2.04 6816680 BBG000BBJQV0 58978
NXP Semiconductors NV NXPI 0.07 239415 BBG000BND699 1191
OCCIDENTAL PETROLEUM CORP OXY 0.09 308015 BBG000BQQ2S6 6777
ON Semiconductor Corporation ON 0.03 95680.5 BBG000DV7MX4 2270
OREILLY AUTOMOTIVE INC ORLY 0.13 430690 BBG000BGYWY6 334
Old Dominion Freight Line Inc. ODFL 0.06 189709 BBG000CHSS88 1164
PACCAR INC PCAR 0.08 279021 BBG000BQVTF5 2835
PALO ALTO NETWORKS INC PANW 0.18 600899 BBG0014GJCT9 3408
PAYCHEX INC PAYX 0.08 251517 BBG000BQSQ38 1752
PAYPAL HOLDINGS INC PYPL 0.12 411363 BBG0077VNXV6 6148
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.14 468746 BBG00LBLDDR2 3947
PEPSICO INC PEP 0.48 1589910 BBG000DH7JK6 10718
PPG INDUSTRIES INC PPG 0.21 684530 BBG000BRJ809 6147
PROLOGIS INC PLD 0.26 867540 BBG000B9Z0J8 7861
PUBLIC STORAGE PSA 0.12 388665 BBG000BPPN67 1327
Palantir Technologies Inc. Class A PLTR 0.31 1038560 BBG000N7QR55 13044
QUALCOMM INC QCOM 0.28 947802 BBG000CGC1X8 6238
REALTY INCOME CORP O 0.30 1005420 BBG000DHPN63 17999
REGENERON PHARMACEUTICALS REGN 0.12 393393 BBG000C734W3 578
ROPER TECHNOLOGIES INC ROP 0.10 326470 BBG000F1ZSN5 580
ROSS STORES INC ROST 0.06 211460 BBG000BSBZH7 1715
SCHLUMBERGER LTD SLB 0.10 335132 BBG000BT41Q8 8393
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 6.23 20788100 BBG00PZFJPC3 637477
SCHWAB U.S. TIPS ETF SCHP 3.14 10468000 BBG000BGN6P5 394424
SIMON PROPERTY GROUP INC SPG 0.12 408428 BBG000BJ2D31 2561
SPROTT PHYSICAL GOLD TRUS PHYS 4.38 14604500 BBG000Q83F79 634977
STANLEY BLACK & DECKER INC SWK 0.19 627022 BBG000BTQR96 7897
STARBUCKS CORP SBUX 0.18 594584 BBG000CTQBF3 6191
SYNOPSYS INC SNPS 0.11 352721 BBG000BSFRF3 823
Schwab High Yield Bond ETF SCYB 8.13 27141900 BBG01F80WX71 1044720
Sun Communities Inc SUI 0.02 81150.5 BBG000BLJWF3 646
Suncor Energy Inc. SU 0.10 322201 BBG000BC1LY5 8995
T-MOBILE US INC TMUS 0.48 1617300 BBG000NDV1D4 6242
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 183063 BBG000BS1YV5 899
TEXAS INSTRUMENTS INC TXN 0.29 968167 BBG000BVV7G1 5577
TRADE DESK INC/THE -CLASS A TTD 0.04 150002 BBG00629NGT2 2784
Tesla Inc. TSLA 0.65 2152880 BBG000N9MNX3 8945
UDR INC UDR 0.04 120842 BBG000C41023 2840
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.05 3499940 BBG01922X0X9 70125
VANGUARD FTSE EUROPE ETF VGK 1.45 4849820 BBG000HT8SM3 68317
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 7.29 24344500 BBG000PWYVH7 299957
VANGUARD SMALL-CAP ETF VB 1.93 6435820 BBG000HT3Z79 29537
VERISK ANALYTICS INC VRSK 0.08 267082 BBG000BCZL41 924
VERTEX PHARMACEUTICALS INC VRTX 0.19 645246 BBG000C1S2X2 1283
VICI PROPERTIES INC REIT VICI 0.08 265493 BBG00HVVB499 8415
Ventas Inc. VTR 0.07 223368 BBG000FRVHB9 3366
WELLTOWER INC WELL 0.22 740538 BBG000BKY1G5 5076
WILLIAMS COMPANIES INC. WMB 0.09 313849 BBG000BWVCP8 5658
WORKDAY INC-CLASS A WDAY 0.08 268059 BBG000VC0T95 1130
Warner Bros Discovery Inc WBD 0.04 142396 BBG011386VF4 14398
XCEL ENERGY INC XEL 0.07 226552 BBG000BCTQ65 3327
Zscaler Inc. ZS 0.06 195647 BBG003338H34 1032
iM DBi Managed Futures Strategy ETF DBMF 2.04 6817770 N/A 271516

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.