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 08/27/2026
TICKER RAA
NET ASSETS $654M
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 $30.58
30 DAY MEDIAN BID-ASK SPREAD 0.000982

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 16.01% NA NA 14.22%
RAA - Market Price 16.17% NA NA 14.27%
S&P 500 Index Total Return 19.56% NA NA 18.87%
1 MO 3 MO YTD Since Inception
RAA - NAV -0.15% -2.77% 0.18% 7.07% 7.63% 7.79% 14.22% 15.31%
RAA - Market Price -0.16% -2.70% 0.16% 7.15% 7.66% 7.83% 14.27% 15.38%
S&P 500 Index Total Return -0.06% -0.95% 4.19% 15.20% 10.14% 10.21% 18.87% 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 08/27/2026

NET ASSET VALUE

$30.58

CLOSING PRICE

$30.57

PREMIUM/DISCOUNT

0.01%
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 23
Discount 13 16 8 14 11

Asset Allocation

As of 8/27/2026

Equities

40.10%
Nasdaq
16.21%
US Large Cap
9.97%
Dividend Payers
4.87%
Emerging Ex. China
3.10%
US Small Cap
2.98%
Japan
1.99%
Europe
0.98%

Fixed Income

24.62%
Long Term Treasuries
5.87%
High Yield
5.84%
Corporate Bonds
3.88%
Emerging Mkt Bonds
3.88%
TIPS
2.90%
T-Bills
2.25%

Alternatives

35.28%
Managed Futures
10.69%
Commodities
9.10%
Energy
5.07%
Real Estate
3.64%
Miners
3.24%
Bitcoin
2.44%
Gold
1.10%

Holdings

As of 08/27/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 9.97 65178500 BBG00RYR67P4 1321540
iM DBi Managed Futures Strategy ETF DBMF 9.30 60797400 N/A 1947390
INVESCO OPTIMUM YIELD DIVERS PDBC 9.10 59481000 N/A 3229160
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.87 38380200 BBG00PZFJPC3 1268350
SCHWAB HIGH YIELD BOND ETF SCYB 5.84 38172300 BBG01F80WX71 1462540
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.88 25362000 BBG000NXKWH0 266604
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 3.88 25372600 BBG000PWYVH7 311550
ISHARES MSCI EMR MRK EX CHNA EMXC 3.10 20268100 BBG00H5VLMJ6 204522
VANGUARD SMALL-CAP ETF VB 2.98 19456600 BBG000HT3Z79 63943
SCHWAB U.S. TIPS ETF SCHP 2.90 18961700 BBG000BGN6P5 728176
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.44 15976600 N/A 452082
Franklin FTSE Japan ETF FLJP 1.99 13000400 BBG00J3MDY16 318480
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.92 12556600 BBG01922X0X9 251838
Simplify DBi CTA Managed Futures Index ETF SDMF 1.39 9058980 BBG020BR8WR7 348622
NVIDIA CORP NVDA 1.38 9041690 BBG000BBJQV0 39660
APPLE INC AAPL 1.31 8580480 BBG000B9XRY4 27276
SPROTT PHYSICAL GOLD TRUS PHYS 1.10 7169020 BBG000Q83F79 204829
Franklin FTSE Europe ETF FLEE 0.98 6402610 BBG00J3PR1S7 159585
MICROSOFT CORP MSFT 0.94 6114760 BBG000BPH459 12107
MICRON TECHNOLOGY INC MU 0.79 5148390 BBG000C5Z1S3 5504
BHP GROUP LTD BHP 0.73 4779570 BBG000BD5NZ4 49596
CHEVRON CORP CVX 0.63 4106670 BBG000K4ND22 20557
AMAZON.COM INC AMZN 0.62 4031740 BBG000BVPV84 15733
MARATHON PETROLEUM CORP MPC 0.56 3635400 BBG001DCCGR8 10000
ADVANCED MICRO DEVICES INC AMD 0.55 3625550 BBG000BBQCY0 7606
WELLTOWER INC WELL 0.54 3559500 BBG000BKY1G5 14856
SCHLUMBERGER LTD SLB 0.53 3489830 BBG000BT41Q8 63440
Cheniere Energy Inc LNG 0.51 3343490 BBG000C3HSR0 11907
CANADIAN NATURAL RESOURCES CNQ 0.50 3281880 BBG000HW5GX3 65941
OCCIDENTAL PETROLEUM CORP OXY 0.50 3284470 BBG000BQQ2S6 55509
EQT CORP EQT 0.50 3246270 BBG000BHZ5J9 59271
WILLIAMS COMPANIES INC. WMB 0.50 3263400 BBG000BWVCP8 43987
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.49 3178700 BBG023CY9MM1 20319
Suncor Energy Inc. SU 0.48 3112180 BBG000BC1LY5 46856
ALPHABET INC-CL A GOOGL 0.48 3131600 BBG009S39JX6 9193
REALTY INCOME CORP O 0.46 2985060 BBG000DHPN63 48302
Tesla Inc. TSLA 0.45 2930020 BBG000N9MNX3 8258
Broadcom Inc. AVGO 0.45 2934050 BBG00KHY5S69 7897
ALPHABET INC-CL C GOOG 0.45 2933350 BBG009S3NB30 8686
NEWMONT GOLDCORP CORPORATION COM NEM 0.43 2837620 BBG000BPWXK1 21450
META PLATFORMS INC META 0.43 2789820 BBG000MM2P62 4885
PROLOGIS INC PLD 0.43 2829620 BBG000B9Z0J8 19948
EQUINIX INC EQIX 0.36 2344510 BBG000MBDGM6 2178
WAL-MART STORES INC WMT 0.35 2316980 BBG000BWXBC2 22576
FREEPORT-MCMORAN INC FCX 0.35 2273000 BBG000BJDB15 28985
AUTOMATIC DATA PROCESSING ADP 0.34 2223640 BBG000JG0547 7811
AGNICO EAGLE MINES LTD AEM 0.33 2132420 BBG000DLVDK3 9898
INTEL CORP INTC 0.32 2114200 BBG000C0G1D1 22958
RIO TINTO PLC-SPON ADR RIO 0.32 2097170 BBG000FD28T3 20015
CISCO SYSTEMS INC CSCO 0.31 2000640 BBG000C3J3C9 17839
PEPSICO INC PEP 0.31 2008480 BBG000DH7JK6 14375
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.31 1997070 BBG000N7QR55 10741
COSTCO WHOLESALE CORP COST 0.29 1896430 BBG000F6H8W8 2029
LAM RESH CORP LRCX 0.27 1770990 BBG000BNFLM9 5559
APPLIED MATERIALS INC AMAT 0.26 1691640 BBG000BBPFB9 3507
CLOROX COMPANY CLX 0.26 1702640 BBG000BFS7D3 16430
DIGITAL REALTY TRUST INC DLR 0.26 1707580 BBG000Q5ZRM7 8889
SIMON PROPERTY GROUP INC SPG 0.26 1692690 BBG000BJ2D31 7877
AO Smith Corp AOS 0.25 1620550 BBG000BC1L02 26159
MEDTRONIC PLC MDT 0.25 1652750 BBG000BNWG87 18370
NETFLIX INC NFLX 0.25 1609410 BBG000CL9VN6 20158
FRANKLIN RESOURCES INC BEN 0.25 1602240 BBG000BD0TF8 46015
STANLEY BLACK & DECKER INC SWK 0.25 1631410 BBG000BTQR96 16439
ABBVIE INC ABBV 0.25 1607760 BBG0025Y4RY4 6228
Barrick Mining Corp. B 0.25 1611250 N/A 34050
AMCOR PLC COMMON STOCK USD.01 AMCR 0.25 1633270 N/A 35109
KENVUE INC KVUE 0.24 1565010 BBG01C79X561 81511
PUBLIC STORAGE PSA 0.24 1556000 BBG000BPPN67 5000
Kimberly-Clark Corp KMB 0.24 1569850 BBG000BMW2Z0 14274
T ROWE PRICE GROUP INC TROW 0.24 1569780 BBG000BVMPN3 13971
Vivmark Residential VMRK 0.24 1541270 BBG000BG8M31 23530.9
GENUINE PARTS CO GPC 0.23 1509990 BBG000BKL348 11046
International Business Machines Corporation IBM 0.23 1491960 BBG000BLNNH6 6248
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.22 1442450 BBG000PVRDL2 9130
PPG INDUSTRIES INC PPG 0.22 1408620 BBG000BRJ809 12414
EVERSOURCE ENERGY ES 0.22 1416770 BBG000BQ87N0 19977
PALO ALTO NETWORKS INC PANW 0.22 1438750 BBG0014GJCT9 3758
Ventas Inc. VTR 0.22 1437190 BBG000FRVHB9 15472
GLENCORE PLC -UNSP ADR GLNCY 0.21 1375810 BBG001VKX1Z1 85881
HORMEL FOODS CORP HRL 0.20 1330830 BBG000BLF8D2 62539
SPACE EXPLORATION TECH CORP A SPCX 0.20 1293330 BBG000NQF3Z5 9181
ILLINOIS TOOL WORKS ITW 0.19 1232310 BBG000BMBL90 4375
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.19 1222570 N/A 42362
TEXAS INSTRUMENTS INC TXN 0.18 1147450 BBG000BVV7G1 4305
ERIE INDEMNITY COMPANY-CL A ERIE 0.18 1153470 BBG000BBTJZ1 4446
NUCOR CORP NUE 0.17 1104620 BBG000BQ8KV2 4377
IRON MOUNTAIN INC IRM 0.16 1058450 BBG000KCZPC3 8627
AMGEN INC AMGN 0.16 1052270 BBG000BBS2Y0 2408
FRANCO-NEVADA CORP FNV 0.16 1030710 BBG000TRN6Z1 3799
LINDE PLC LIN 0.16 1072140 BBG01FND0CC1 2209
KLA CORPORATION KLAC 0.16 1039590 BBG000BMTFR4 5657
Crowdstrike Holdings Inc. Class A CRWD 0.16 1047700 BBG00BLYKS03 4596
EXTRA SPACE STORAGE INC EXR 0.15 961405 BBG000PV27K3 6733
SANDISK CORP/DE SNDKV SNDK 0.15 972642 BBG01R388JG1 655
SHOPIFY INC - CLASS A SHOP 0.14 894651 BBG004DW5NB8 5797
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.14 932238 BBG00ZXBJ153 3861
T-MOBILE US INC TMUS 0.14 911750 BBG000NDV1D4 5159
QUALCOMM INC QCOM 0.13 828843 BBG000CGC1X8 5030
VALE SA-SP ADR VALE 0.13 828485 BBG000BN5LG7 54114
GILEAD SCIENCES INC GILD 0.13 855796 BBG000CKGBP2 5749
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.13 832798 BBG0113JGQF0 983
VICI PROPERTIES INC REIT VICI 0.13 866619 BBG00HVVB499 33629
ANALOG DEVICES INC ADI 0.13 818701 BBG000BB6G37 2186
Cash & Other Cash&Other 0.12 812802 N/A 812802
WESTERN DIGITAL CORP WDC 0.11 710094 BBG000BWNFZ9 1537
BOOKING HOLDINGS INC BKNG 0.11 719493 BBG000BLBVN4 3552
VERTEX PHARMACEUTICALS INC VRTX 0.10 640634 BBG000C1S2X2 1170
ASML HOLDING NV-NY REG SHS ASML 0.10 683594 BBG000K6MRN4 394
FASTENAL CO FAST 0.09 608302 BBG000BJ8YN7 11896
INTUITIVE SURGICAL INC ISRG 0.09 571895 BBG000BJPDZ1 1558
STARBUCKS CORP SBUX 0.09 575021 BBG000CTQBF3 5361
Sun Communities Inc SUI 0.08 496948 BBG000BLJWF3 4034
ESSEX PROPERTY TRUST INC ESS 0.08 553097 BBG000CGJMB9 1970
ARM HOLDINGS PLC ARM 0.08 515524 BBG01J1GXZF0 2020
ADOBE SYSTEMS INC ADBE 0.08 510061 BBG000BB5006 1764
INVITATION HOMES INC REIT USD.01 INVH 0.08 555545 BBG00FQH6BS9 19006
FORTINET INC FTNT 0.08 535100 BBG000BCMBG4 3097
CADENCE DESIGN SYS INC CDNS 0.07 443474 BBG000C13CD9 1276
HOST HOTELS & RESORTS INC HST 0.07 446197 BBG000BL8804 19973
CONSTELLATION ENERGY CORPORATION CEG 0.07 458069 BBG014KFRNP7 1622
MID-AMERICA APARTMENT COMM MAA 0.07 483349 BBG000BLMY92 3753
DOORDASH INC CLASS A DASH 0.07 442214 BBG005D7QCJ3 1907
KIMCO REALTY CORP KIM 0.07 470248 BBG000CN3S73 19750
MERCADOLIBRE INC MELI 0.07 428626 BBG000GQPB11 222
APPLOVIN CORP APP 0.07 441746 BBG006HFPX77 1413
CSX CORP CSX 0.07 448604 BBG000BGJRC8 8704
W. P. CAREY REIT INC WPC 0.07 481610 BBG000BCQM58 6843
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 378700 BBG000D4LWF6 6066
COMCAST CORP-CLASS A CMCSA 0.06 414769 BBG000BFT2L4 15705
Marriott International, Inc Class A MAR 0.06 409781 BBG000BGD7W6 1158
AIRBNB INC ABNB 0.06 378573 BBG001Y2XS07 2053
REGENERON PHARMACEUTICALS REGN 0.06 379624 BBG000C734W3 470
MONSTER BEVERAGE CORP MNST 0.06 424503 BBG008NVB1C0 9090
INTUIT INC INTU 0.06 410988 BBG000BH5DV1 1181
CINTAS CORP CTAS 0.06 374207 BBG000H3YXF8 1833
SYNOPSYS INC SNPS 0.06 359825 BBG000BSFRF3 774
Datadog Inc. Class A DDOG 0.06 384072 BBG003NJHZT9 1581
PACCAR INC PCAR 0.05 294332 BBG000BQVTF5 2326
Warner Bros Discovery Inc WBD 0.05 346473 BBG011386VF4 11997
NXP Semiconductors NV NXPI 0.05 294296 BBG000BND699 1303
ROSS STORES INC ROST 0.05 337219 BBG000BSBZH7 1467
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.05 329525 BBG000B9ZXB4 2953
MCDONALDS CORP MCD 0.05 297769 BBG000BNSZP1 1145
CONSOLIDATED EDISON INC ED 0.05 304920 BBG000BHLYS1 2858
OREILLY AUTOMOTIVE INC ORLY 0.05 308459 BBG000BGYWY6 3512
LUMENTUM HOLDINGS INC LITE 0.05 312658 BBG0073F9RT7 327
AMERICAN ELECTRIC POWER AEP 0.05 294995 BBG000BB9KF2 2404
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 331026 BBG022XF4SZ9 1502
XCEL ENERGY INC XEL 0.04 244983 BBG000BCTQ65 3175
PAYPAL HOLDINGS INC PYPL 0.04 269730 BBG0077VNXV6 4388
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 272705 BBG000C30L48 208
Baker Hughes Company BKR 0.04 255707 BBG00GBVBK51 4117
TERADYNE INC TER 0.04 232538 BBG000BV4DR6 625
DIAMONDBACK ENERGY INC FANG 0.04 245236 BBG002PHSYX9 1223
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.04 274846 BBG00CMNZNK7 274846
AUTODESK INC ADSK 0.04 287627 BBG000BM7HL0 1063
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 240266 BBG00LBLDDR2 2837
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 243080 BBG00B6BFWH9 2265
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 237267 BBG020QYV152 1476
PAYCHEX INC PAYX 0.03 199712 BBG000BQSQ38 1579
MICROCHIP TECHNOLOGY INC MCHP 0.03 185554 BBG000BHCP19 2458
ROPER TECHNOLOGIES INC ROP 0.03 193169 BBG000F1ZSN5 457
AXON ENTERPRISE INC AXON 0.03 208419 BBG000BHJWG1 341
ASTERA LABS INC ALAB 0.03 227763 BBG00TDKHW99 749
Old Dominion Freight Line Inc. ODFL 0.03 177253 BBG000CHSS88 886
EXELON CORP EXC 0.03 178785 BBG000J6XT05 4067
IDEXX LABS IDXX 0.03 175516 BBG000BLRT07 322
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 172420 BBG000BS1YV5 740
KEURIG DR PEPPER INC KDP 0.03 192300 BBG000TJM7F0 6032
FERROVIAL SA FER 0.03 168251 BBG01H0DF657 2862.88
Nebius Group NV NBIS 0.03 214547 BBG001NVJ6W4 982
MICROSTRATEGY INC-CL A MSTR 0.03 180818 BBG000GQJPZ0 1316
ROCKET LAB CORP RKLB 0.03 194149 BBG01V7JN3F3 2875
THOMSON REUTERS CORP TRI 0.03 201387 N/A 1922
KRAFT HEINZ CO/THE KHC 0.02 120976 BBG005CPNTQ2 4814
WORKDAY INC-CLASS A WDAY 0.02 144597 BBG000VC0T95 747
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 138624 BBG000BFGNJ5 586
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 133508 BBG01BFR8YV1 1842
COREWEAVE INC CRWV 0.02 150945 BBG011ZTRJ21 1739
COPART INC CPRT 0.02 141589 BBG000BM9RH1 4322
DEXCOM INC DXCM 0.02 131703 BBG000QTF8K1 1475

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.