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 07/14/2026
TICKER RAA
NET ASSETS $596M
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 $29.58
30 DAY MEDIAN BID-ASK SPREAD 0.000682

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 18.26% 17.62%
RAA - Market Price 17.80% 17.60%
S&P 500 Index Total Return 16.99% 16.88%
1 MO 3 MO YTD Since Inception
RAA - NAV -2.77% -2.77% 7.06% 7.06% 7.79% 7.79% 15.31% 15.31%
RAA - Market Price -2.70% -2.70% 7.16% 7.16% 7.63% 7.63% 15.21% 15.21%
S&P 500 Index Total Return -0.95% -0.95% 15.20% 15.20% 10.21% 10.21% 20.27% 20.27%
RAA 2025*
NAV 12.32%
MARKET PRICE 12.36%

*RAA Inception was 2/26/2025

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 07/14/2026

NET ASSET VALUE

$29.58

CLOSING PRICE

$29.59

PREMIUM/DISCOUNT

0.03%
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 4
Discount 13 16 8 14 2

Asset Allocation

As of 7/14/2026

Equities

40.05%
Nasdaq
15.62%
US Large Cap
10.02%
Dividend Payers
3.75%
Emerging Ex. China
3.74%
US Small Cap
2.93%
Japan
2.01%
Europe
1.98%

Fixed Income

27.32%
High Yield
5.96%
Corporate Bonds
5.91%
Long Term Treasuries
5.82%
Emerging Mkt Bonds
3.95%
TIPS
2.96%
T-Bills
2.72%

Alternatives

32.63%
Commodities
7.49%
Managed Futures
7.05%
Miners
5.96%
Gold
4.02%
Energy
3.85%
Bitcoin
2.19%
Real Estate
2.07%

Holdings

As of 07/14/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 10.02 59706100 BBG00RYR67P4 414194
INVESCO OPTIMUM YIELD DIVERS PDBC 7.49 44641400 N/A 2613670
SCHWAB HIGH YIELD BOND ETF SCYB 5.96 35515000 BBG01F80WX71 1362820
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.91 35224300 BBG000PWYVH7 431142
iM DBi Managed Futures Strategy ETF DBMF 5.84 34832600 N/A 1122910
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.82 34675000 BBG00PZFJPC3 1135400
SPROTT PHYSICAL GOLD TRUS PHYS 4.02 23981500 BBG000Q83F79 784221
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.95 23534900 BBG000NXKWH0 246258
ISHARES MSCI EMR MRK EX CHNA EMXC 3.74 22294800 BBG00H5VLMJ6 232358
SCHWAB U.S. TIPS ETF SCHP 2.96 17642800 BBG000BGN6P5 673390
VANGUARD SMALL-CAP ETF VB 2.93 17441700 BBG000HT3Z79 58748
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.19 13071200 N/A 457836
Franklin FTSE Japan ETF FLJP 2.01 11954900 BBG00J3MDY16 298276
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.99 11856700 BBG01922X0X9 237467
Franklin FTSE Europe ETF FLEE 1.98 11792100 BBG00J3PR1S7 306410
NVIDIA CORP NVDA 1.27 7593240 BBG000BBJQV0 35851
BHP GROUP LTD BHP 1.26 7495170 BBG000BD5NZ4 88858
Simplify DBi CTA Managed Futures Index ETF SDMF 1.21 7221510 BBG020BR8WR7 279936
APPLE INC AAPL 1.14 6803810 BBG000B9XRY4 21609
MICRON TECHNOLOGY INC MU 0.77 4588220 BBG000C5Z1S3 4667
MICROSOFT CORP MSFT 0.72 4276570 BBG000BPH459 11110
NEWMONT GOLDCORP CORPORATION COM NEM 0.69 4085710 BBG000BPWXK1 43121
AMAZON.COM INC AMZN 0.68 4029140 BBG000BVPV84 16280
RIO TINTO PLC-SPON ADR RIO 0.67 3970980 BBG000FD28T3 42566
ADVANCED MICRO DEVICES INC AMD 0.58 3483910 BBG000BBQCY0 6356
CHEVRON CORP CVX 0.55 3299850 BBG000K4ND22 18155
FREEPORT-MCMORAN INC FCX 0.53 3134930 BBG000BJDB15 50727
ALPHABET INC-CL A GOOGL 0.52 3123780 BBG009S39JX6 8689
META PLATFORMS INC META 0.50 2972700 BBG000MM2P62 4497
GLENCORE PLC -UNSP ADR GLNCY 0.49 2896720 BBG001VKX1Z1 205005
Tesla Inc. TSLA 0.49 2949560 BBG000N9MNX3 7445
ALPHABET INC-CL C GOOG 0.49 2912240 BBG009S3NB30 8150
AGNICO EAGLE MINES LTD AEM 0.48 2849350 BBG000DLVDK3 19731
Broadcom Inc. AVGO 0.46 2751010 BBG00KHY5S69 7070
MARATHON PETROLEUM CORP MPC 0.46 2761850 BBG001DCCGR8 9103
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.45 2667940 BBG000BRK7L6 43708
OCCIDENTAL PETROLEUM CORP OXY 0.44 2616580 BBG000BQQ2S6 47949
CANADIAN NATURAL RESOURCES CNQ 0.43 2538790 BBG000HW5GX3 59568
Cheniere Energy Inc LNG 0.43 2577420 BBG000C3HSR0 9725
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.42 2519630 N/A 17366
SCHLUMBERGER LTD SLB 0.41 2422690 BBG000BT41Q8 50961
WILLIAMS COMPANIES INC. WMB 0.40 2384100 BBG000BWVCP8 31378
WAL-MART STORES INC WMT 0.39 2326640 BBG000BWXBC2 20463
Barrick Mining Corp. B 0.38 2247130 N/A 61582
EQT CORP EQT 0.37 2201750 BBG000BHZ5J9 44203
INTEL CORP INTC 0.35 2114140 BBG000C0G1D1 19619
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.33 1975370 N/A 79428
NUCOR CORP NUE 0.32 1924330 BBG000BQ8KV2 8218
CISCO SYSTEMS INC CSCO 0.32 1915360 BBG000C3J3C9 16358
APPLIED MATERIALS INC AMAT 0.31 1864540 BBG000BBPFB9 3130
REALTY INCOME CORP O 0.31 1833320 BBG000DHPN63 28749
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.30 1788130 BBG000PVRDL2 16482
COSTCO WHOLESALE CORP COST 0.29 1719060 BBG000F6H8W8 1865
LAM RESH CORP LRCX 0.29 1729810 BBG000BNFLM9 4998
AUTOMATIC DATA PROCESSING ADP 0.29 1722370 BBG000JG0547 6989
WELLTOWER INC WELL 0.26 1559250 BBG000BKY1G5 6607
VALE SA-SP ADR VALE 0.26 1548830 BBG000BN5LG7 106157
FRANCO-NEVADA CORP FNV 0.25 1510150 BBG000RD3CL8 7441
PROLOGIS INC PLD 0.25 1475480 BBG000B9Z0J8 10355
NETFLIX INC NFLX 0.22 1313030 BBG000CL9VN6 17857
PALO ALTO NETWORKS INC PANW 0.21 1222410 BBG0014GJCT9 3464
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.21 1246400 BBG000N7QR55 9321
KENVUE INC KVUE 0.20 1165450 BBG01C79X561 62124
HORMEL FOODS CORP HRL 0.20 1162750 BBG000BLF8D2 46866
MEDTRONIC PLC MDT 0.20 1189420 BBG000BNWG87 14999
FRANKLIN RESOURCES INC BEN 0.20 1165530 BBG000BD0TF8 35170
EVERSOURCE ENERGY ES 0.20 1168640 BBG000BQ87N0 15657
CLOROX COMPANY CLX 0.20 1186460 BBG000BFS7D3 12522
KLA CORPORATION KLAC 0.20 1179490 BBG000BMTFR4 5120
ILLINOIS TOOL WORKS ITW 0.20 1204020 BBG000BMBL90 4422
T ROWE PRICE GROUP INC TROW 0.20 1199700 BBG000BVMPN3 10336
AMCOR PLC COMMON STOCK USD.01 AMCR 0.20 1171400 N/A 27382
Kimberly-Clark Corp KMB 0.19 1153550 BBG000BMW2Z0 10799
TEXAS INSTRUMENTS INC TXN 0.19 1117700 BBG000BVV7G1 3658
EQUINIX INC EQIX 0.19 1125890 BBG000MBDGM6 1100
GENUINE PARTS CO GPC 0.18 1051060 BBG000BKL348 8604
STANLEY BLACK & DECKER INC SWK 0.18 1095970 BBG000BTQR96 12544
LINDE PLC LIN 0.17 989691 BBG01FND0CC1 1894
SANDISK CORP/DE SNDKV SNDK 0.17 1007230 BBG01R388JG1 573
AO Smith Corp AOS 0.16 980372 BBG000BC1L02 16106
PPG INDUSTRIES INC PPG 0.16 942734 BBG000BRJ809 8222
ABBVIE INC ABBV 0.16 950082 BBG0025Y4RY4 3909
WESTERN DIGITAL CORP WDC 0.15 866950 BBG000BWNFZ9 1539
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.15 877432 BBG0113JGQF0 999
Crowdstrike Holdings Inc. Class A CRWD 0.15 907403 BBG00BLYKS03 4306
T-MOBILE US INC TMUS 0.15 866412 BBG000NDV1D4 4630
J M Smucker Co COM STK NPV SJM 0.14 825868 BBG000BT1715 7590
SIMON PROPERTY GROUP INC SPG 0.14 819842 BBG000BJ2D31 3705
PEPSICO INC PEP 0.13 789809 BBG000DH7JK6 5831
QUALCOMM INC QCOM 0.13 781325 BBG000CGC1X8 4387
AMGEN INC AMGN 0.13 801444 BBG000BBS2Y0 2256
International Business Machines Corporation IBM 0.13 791437 BBG000BLNNH6 3646
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.13 748956 BBG00ZXBJ153 3367
ANALOG DEVICES INC ADI 0.13 789428 BBG000BB6G37 2010
PUBLIC STORAGE PSA 0.12 704835 BBG000BPPN67 2210
DIGITAL REALTY TRUST INC DLR 0.12 699018 BBG000Q5ZRM7 4038
ASML HOLDING NV-NY REG SHS ASML 0.12 696051 BBG000K6MRN4 392
Ventas Inc. VTR 0.11 683945 BBG000FRVHB9 7402
SHOPIFY INC - CLASS A SHOP 0.11 683448 BBG008HBD923 5438
ERIE INDEMNITY COMPANY-CL A ERIE 0.11 665093 BBG000BBTJZ1 2789
GILEAD SCIENCES INC GILD 0.11 673477 BBG000CKGBP2 5179
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.11 658666 BBG00CMNZNK7 658666
INTUITIVE SURGICAL INC ISRG 0.10 623898 BBG000BJPDZ1 1644
BOOKING HOLDINGS INC BKNG 0.10 570536 BBG000BLBVN4 3263
IRON MOUNTAIN INC IRM 0.09 554791 BBG000KCZPC3 4523
VERTEX PHARMACEUTICALS INC VRTX 0.09 554901 BBG000C1S2X2 1165
FORTINET INC FTNT 0.09 539361 BBG000BCMBG4 3233
APPLOVIN CORP APP 0.09 554041 BBG006HFPX77 1234
CADENCE DESIGN SYS INC CDNS 0.08 468362 BBG000C13CD9 1243
ARM HOLDINGS PLC ARM 0.08 473771 BBG01J1GXZF0 1685
Marriott International, Inc Class A MAR 0.08 447813 BBG000BGD7W6 1233
EXTRA SPACE STORAGE INC EXR 0.08 465891 BBG000PV27K3 3202
STARBUCKS CORP SBUX 0.08 506325 BBG000CTQBF3 4769
VICI PROPERTIES INC REIT VICI 0.08 463264 BBG00HVVB499 17628
AVALONBAY COMMUNITIES INC AVB 0.08 450996 BBG000BLPBL5 2352
FASTENAL CO FAST 0.07 437915 BBG000BJ8YN7 9574
COMCAST CORP-CLASS A CMCSA 0.07 393163 BBG000BFT2L4 16954
EQUITY RESIDENTIAL EQR 0.07 424964 BBG000BG8M31 6184
CONSTELLATION ENERGY CORPORATION CEG 0.07 431059 BBG014KFRNP7 1681
ADOBE SYSTEMS INC ADBE 0.07 390781 BBG000BB5006 1770
MONSTER BEVERAGE CORP MNST 0.07 446021 BBG008NVB1C0 4551
MERCADOLIBRE INC MELI 0.07 432866 BBG000GQPB11 231
CSX CORP CSX 0.07 444837 BBG000BGJRC8 8911
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 348449 BBG000D4LWF6 5926
NXP Semiconductors NV NXPI 0.06 336670 BBG000BND699 1186
DOORDASH INC CLASS A DASH 0.06 343280 BBG005D7QCJ3 1828
INTUIT INC INTU 0.06 343152 BBG000BH5DV1 1215
SYNOPSYS INC SNPS 0.06 385014 BBG000BSFRF3 904
CINTAS CORP CTAS 0.06 349305 BBG000H3YXF8 1895
OREILLY AUTOMOTIVE INC ORLY 0.06 338370 BBG000BGYWY6 3946
Datadog Inc. Class A DDOG 0.06 384166 BBG003NJHZT9 1419
AMERICAN ELECTRIC POWER AEP 0.06 348415 BBG000BB9KF2 2582
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 322441 BBG022XF4SZ9 1448
PACCAR INC PCAR 0.05 304273 BBG000BQVTF5 2455
Warner Bros Discovery Inc WBD 0.05 320939 BBG011386VF4 11679
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 308316 BBG000C30L48 224
ESSEX PROPERTY TRUST INC ESS 0.05 304093 BBG000CGJMB9 1020
ROSS STORES INC ROST 0.05 315267 BBG000BSBZH7 1427
AIRBNB INC ABNB 0.05 281650 BBG001Y2XS07 1922
REGENERON PHARMACEUTICALS REGN 0.05 307720 BBG000C734W3 469
INVITATION HOMES INC REIT USD.01 INVH 0.05 316478 BBG00FQH6BS9 10469
LUMENTUM HOLDINGS INC LITE 0.05 270514 BBG0073F9RT7 332
XCEL ENERGY INC XEL 0.04 231290 BBG000BCTQ65 2885
MICROCHIP TECHNOLOGY INC MCHP 0.04 219953 BBG000BHCP19 2525
Sun Communities Inc SUI 0.04 240997 BBG000BLJWF3 2012
HOST HOTELS & RESORTS INC HST 0.04 250189 BBG000BL8804 10701
ASTERA LABS INC ALAB 0.04 231901 BBG00TDKHW99 641
Baker Hughes Company BKR 0.04 264378 BBG00GBVBK51 4576
Old Dominion Freight Line Inc. ODFL 0.04 216036 BBG000CHSS88 945
TERADYNE INC TER 0.04 223241 BBG000BV4DR6 632
EXELON CORP EXC 0.04 230236 BBG000J6XT05 4907
MID-AMERICA APARTMENT COMM MAA 0.04 225712 BBG000BLMY92 1708
KIMCO REALTY CORP KIM 0.04 233739 BBG000CN3S73 9257
FERROVIAL SE FER 0.04 213271 BBG01H7CZ9S9 3347
MCDONALDS CORP MCD 0.04 235860 BBG000BNSZP1 877
DIAMONDBACK ENERGY INC FANG 0.04 249804 BBG002PHSYX9 1310
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 248793 BBG00LBLDDR2 2965
W. P. CAREY REIT INC WPC 0.04 239560 BBG000BCQM58 3330
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 227669 BBG00B6BFWH9 2158
ELECTRONIC ARTS INC EA 0.04 233308 BBG000BP0KQ8 1129
PAYCHEX INC PAYX 0.03 172823 BBG000BQSQ38 1578
PAYPAL HOLDINGS INC PYPL 0.03 202791 BBG0077VNXV6 4281
ROPER TECHNOLOGIES INC ROP 0.03 160846 BBG000F1ZSN5 464
AXON ENTERPRISE INC AXON 0.03 198655 BBG000BHJWG1 363
AIR PRODUCTS & CHEMICALS INC APD 0.03 194311 BBG000BC4JJ4 649
IDEXX LABS IDXX 0.03 196267 BBG000BLRT07 363
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 201958 BBG000BS1YV5 852
KEURIG DR PEPPER INC KDP 0.03 193634 BBG000TJM7F0 6399
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.03 190174 BBG000B9ZXB4 2153
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 174662 BBG000BFGNJ5 621
Nebius Group NV NBIS 0.03 161871 BBG001NVJ6W4 834
AUTODESK INC ADSK 0.03 204273 BBG000BM7HL0 992
CONSOLIDATED EDISON INC ED 0.03 196042 BBG000BHLYS1 1751
ROCKET LAB CORP RKLB 0.03 185440 BBG01V7JN3F3 2353
THOMSON REUTERS CORP TRI 0.03 176966 N/A 1929
KRAFT HEINZ CO/THE KHC 0.02 140674 BBG005CPNTQ2 5609
WORKDAY INC-CLASS A WDAY 0.02 120516 BBG000VC0T95 862
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 133124 BBG01BFR8YV1 2159
COPART INC CPRT 0.02 123537 BBG000BM9RH1 4489
DEXCOM INC DXCM 0.02 124966 BBG000QTF8K1 1686
MICROSTRATEGY INC-CL A MSTR 0.02 134075 BBG000GQJPZ0 1374
COGNIZANT TECH SOLUTIONS-A CTSH 0.00 86.06 BBG000BBDV81 2
Zscaler Inc. ZS 0.00 152.09 BBG003338H34 1
INSMED INC INSM 0.00 110.11 BBG000BWM5P3 1
HONEYWELL AEROSPACE INC HONAV HONAV 0.00 207.51 BBG020QYV152 1
Cash & Other Cash&Other -0.01 -42247.6 N/A -42247.6

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.