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.

NAV Historical Change

Fund Details

As of 06/12/2026
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 $29.88
30 DAY MEDIAN BID-ASK SPREAD 0.000669

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 3.18% -3.97% 5.74% 0.68% 10.86% 0.68% 19.02% 11.92%
RAA - Market Price 3.12% -3.98% 5.76% 0.63% 10.84% 0.63% 19.02% 11.89%
S&P 500 Index Total Return 5.26% -4.98% 10.52% -4.33% 11.27% -4.33% 22.66% 10.18%
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 06/12/2026

NET ASSET VALUE

$29.88

CLOSING PRICE

$29.88

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 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2
Premium 54 47 39 35 34
Discount 5 13 16 8 10

Asset Allocation

As of 6/12/2026

Equities

42.08%
Nasdaq
16.91%
US Large Cap
14.95%
Dividend Payers
3.15%
US Small Cap
2.05%
Japan
2.02%
Emerging Ex. China
1.98%
Europe
1.02%

Fixed Income

19.45%
High Yield
6.07%
Emerging Mkt Bonds
4.07%
Corporate Bonds
4.05%
TIPS
3.02%
T-Bills
1.23%
Long Term Treasuries
1.01%

Alternatives

38.47%
Managed Futures
10.12%
Commodities
9.87%
Energy
5.14%
Gold
4.68%
Miners
3.96%
Bitcoin
2.63%
Real Estate
2.07%

Holdings

As of 06/12/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.95 89109600 BBG00RYR67P4 626870
INVESCO OPTIMUM YIELD DIVERS PDBC 9.87 58816300 N/A 3447610
iM DBi Managed Futures Strategy ETF DBMF 9.11 54328900 N/A 1762780
SCHWAB HIGH YIELD BOND ETF SCYB 6.07 36189900 BBG01F80WX71 1383670
SPROTT PHYSICAL GOLD TRUS PHYS 4.68 27874100 BBG000Q83F79 877925
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.07 24235500 BBG000NXKWH0 251510
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.05 24122000 BBG000PWYVH7 292565
SCHWAB U.S. TIPS ETF SCHP 3.02 18005100 BBG000BGN6P5 678415
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.63 15691600 N/A 557824
VANGUARD SMALL-CAP ETF VB 2.05 12231000 BBG000HT3Z79 41268
Franklin FTSE Japan ETF FLJP 2.02 12033200 BBG00J3MDY16 304175
ISHARES MSCI EMR MRK EX CHNA EMXC 1.98 11794800 BBG00H5VLMJ6 119848
NVIDIA CORP NVDA 1.36 8129830 BBG000BBJQV0 39621
APPLE INC AAPL 1.19 7066020 BBG000B9XRY4 24271
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.02 6073580 BBG01922X0X9 121642
Franklin FTSE Europe ETF FLEE 1.02 6075240 BBG00J3PR1S7 154291
Simplify DBi CTA Managed Futures Index ETF SDMF 1.01 6040280 BBG020BR8WR7 235640
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.01 6047750 BBG00PZFJPC3 194712
BHP GROUP LTD BHP 0.81 4852600 BBG000BD5NZ4 53431
MICRON TECHNOLOGY INC MU 0.80 4780440 BBG000C5Z1S3 4870
MICROSOFT CORP MSFT 0.77 4616980 BBG000BPH459 11816
AMAZON.COM INC AMZN 0.71 4231880 BBG000BVPV84 17740
ADVANCED MICRO DEVICES INC AMD 0.64 3827570 BBG000BBQCY0 7482
CHEVRON CORP CVX 0.61 3664270 BBG000K4ND22 19572
ALPHABET INC-CL A GOOGL 0.59 3501120 BBG009S39JX6 9734
Tesla Inc. TSLA 0.56 3362400 BBG000N9MNX3 8273
ALPHABET INC-CL C GOOG 0.55 3253880 BBG009S3NB30 9085
MARATHON PETROLEUM CORP MPC 0.54 3200920 BBG001DCCGR8 12144
Cheniere Energy Inc LNG 0.54 3233630 BBG000C3HSR0 13402
SCHLUMBERGER LTD SLB 0.52 3100120 BBG000BT41Q8 55182
WILLIAMS COMPANIES INC. WMB 0.51 3050860 BBG000BWVCP8 42326
EXXON MOBIL CORP XOM 0.51 3065750 BBG000GZQ728 20854
CANADIAN NATURAL RESOURCES CNQ 0.51 3054350 BBG000HW5GX3 67425
OCCIDENTAL PETROLEUM CORP OXY 0.51 3034450 BBG000BQQ2S6 53669
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.50 3008670 BBG000BRK7L6 48842
Broadcom Inc. AVGO 0.49 2893420 BBG00KHY5S69 7573
INTEL CORP INTC 0.48 2887160 BBG000C0G1D1 23177
EQT CORP EQT 0.48 2858570 BBG000BHZ5J9 55036
META PLATFORMS INC META 0.47 2779030 BBG000MM2P62 4906
WAL-MART STORES INC WMT 0.47 2778110 BBG000BWXBC2 22952
RIO TINTO PLC-SPON ADR RIO 0.45 2688950 BBG000FD28T3 25524
NEWMONT GOLDCORP CORPORATION COM NEM 0.45 2705110 BBG000BPWXK1 26989
CISCO SYSTEMS INC CSCO 0.36 2143710 BBG000C3J3C9 17702
COSTCO WHOLESALE CORP COST 0.35 2077670 BBG000F6H8W8 2115
FREEPORT-MCMORAN INC FCX 0.35 2086090 BBG000BJDB15 30494
LAM RESH CORP LRCX 0.35 2073210 BBG000BNFLM9 5652
APPLIED MATERIALS INC AMAT 0.34 2042670 BBG000BBPFB9 3601
AGNICO EAGLE MINES LTD AEM 0.33 1990550 BBG000DLVDK3 12239
GLENCORE PLC -UNSP ADR GLNCY 0.32 1885410 BBG001VKX1Z1 119481
REALTY INCOME CORP O 0.27 1608770 BBG000DHPN63 25650
WELLTOWER INC WELL 0.26 1567090 BBG000BKY1G5 7315
Barrick Mining Corp. B 0.26 1550630 N/A 38573
NETFLIX INC NFLX 0.26 1550400 BBG000CL9VN6 19298
KLA CORPORATION KLAC 0.25 1501790 BBG000BMTFR4 5900
PROLOGIS INC PLD 0.25 1509860 BBG000B9Z0J8 10151
NUCOR CORP NUE 0.22 1297920 BBG000BQ8KV2 4873
AUTOMATIC DATA PROCESSING ADP 0.22 1336220 BBG000JG0547 5907
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1324690 N/A 49355
SANDISK CORP/DE SNDKV SNDK 0.22 1294990 BBG01R388JG1 654
TEXAS INSTRUMENTS INC TXN 0.21 1262600 BBG000BVV7G1 4193
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.21 1235880 BBG000PVRDL2 10645
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.21 1227550 BBG000N7QR55 9591
EQUINIX INC EQIX 0.20 1200500 BBG000MBDGM6 1137
LINDE PLC LIN 0.19 1106830 BBG01FND0CC1 2114
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.19 1124670 BBG00ZXBJ153 4021
QUALCOMM INC QCOM 0.17 985345 BBG000CGC1X8 4654
FRANCO-NEVADA CORP FNV 0.17 999962 BBG000RD3CL8 4774
VALE SA-SP ADR VALE 0.17 989809 BBG000BN5LG7 63005
CLOROX COMPANY CLX 0.16 956098 BBG000BFS7D3 9875
ANALOG DEVICES INC ADI 0.16 941281 BBG000BB6G37 2253
MEDTRONIC PLC MDT 0.16 977397 BBG000BNWG87 12187
FRANKLIN RESOURCES INC BEN 0.16 935369 BBG000BD0TF8 29112
T ROWE PRICE GROUP INC TROW 0.16 937899 BBG000BVMPN3 8657
PALO ALTO NETWORKS INC PANW 0.16 974755 BBG0014GJCT9 3486
ILLINOIS TOOL WORKS ITW 0.16 942709 BBG000BMBL90 3662
Kimberly-Clark Corp KMB 0.16 939022 BBG000BMW2Z0 9180
STANLEY BLACK & DECKER INC SWK 0.16 951763 BBG000BTQR96 11382
AMCOR PLC COMMON STOCK USD.01 AMCR 0.16 946792 N/A 23320
KENVUE INC KVUE 0.16 945058 BBG01C79X561 52098
T-MOBILE US INC TMUS 0.16 957413 BBG000NDV1D4 5063
HORMEL FOODS CORP HRL 0.16 958642 BBG000BLF8D2 38733
PEPSICO INC PEP 0.15 907891 BBG000DH7JK6 6293
EVERSOURCE ENERGY ES 0.15 874218 BBG000BQ87N0 12727
SIMON PROPERTY GROUP INC SPG 0.15 904635 BBG000BJ2D31 4130
AMGEN INC AMGN 0.15 874858 BBG000BBS2Y0 2463
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.15 914281 BBG0113JGQF0 982
WESTERN DIGITAL CORP WDC 0.14 856772 BBG000BWNFZ9 1522
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.14 829867 BBG00CMNZNK7 829867
GENUINE PARTS CO GPC 0.14 814749 BBG000BKL348 7853
ABBVIE INC ABBV 0.13 802748 BBG0025Y4RY4 3525
DIGITAL REALTY TRUST INC DLR 0.13 759550 BBG000Q5ZRM7 4151
PUBLIC STORAGE PSA 0.13 763753 BBG000BPPN67 2365
J M Smucker Co COM STK NPV SJM 0.13 745303 BBG000BT1715 6398
AO Smith Corp AOS 0.13 802306 BBG000BC1L02 13580
PPG INDUSTRIES INC PPG 0.13 804113 BBG000BRJ809 6738
ASML HOLDING NV-NY REG SHS ASML 0.12 730512 BBG000K6MRN4 392
International Business Machines Corporation IBM 0.12 741310 BBG000BLNNH6 2723
GILEAD SCIENCES INC GILD 0.12 708943 BBG000CKGBP2 5682
Crowdstrike Holdings Inc. Class A CRWD 0.12 722402 BBG00BLYKS03 1058
INTUITIVE SURGICAL INC ISRG 0.11 661807 BBG000BJPDZ1 1610
Ventas Inc. VTR 0.11 670370 BBG000FRVHB9 7924
APPLOVIN CORP APP 0.11 681568 BBG006HFPX77 1372
HONEYWELL INTERNATIONAL INC HON 0.11 628324 BBG000H556T9 2852
IRON MOUNTAIN INC IRM 0.10 606099 BBG000KCZPC3 4796
BOOKING HOLDINGS INC BKNG 0.10 591970 BBG000BLBVN4 3589
SHOPIFY INC - CLASS A SHOP 0.10 577569 BBG008HBD923 5336
STARBUCKS CORP SBUX 0.09 550337 BBG000CTQBF3 5341
ERIE INDEMNITY COMPANY-CL A ERIE 0.09 532448 BBG000BBTJZ1 2349
VERTEX PHARMACEUTICALS INC VRTX 0.09 510774 BBG000C1S2X2 1148
FORTINET INC FTNT 0.08 464649 BBG000BCMBG4 3176
EXTRA SPACE STORAGE INC EXR 0.08 498636 BBG000PV27K3 3347
Marriott International, Inc Class A MAR 0.08 489489 BBG000BGD7W6 1216
CADENCE DESIGN SYS INC CDNS 0.08 471961 BBG000C13CD9 1226
VICI PROPERTIES INC REIT VICI 0.08 492569 BBG00HVVB499 17271
FASTENAL CO FAST 0.07 437153 BBG000BJ8YN7 9387
COMCAST CORP-CLASS A CMCSA 0.07 406896 BBG000BFT2L4 16608
MONSTER BEVERAGE CORP MNST 0.07 414579 BBG008NVB1C0 4466
EQUITY RESIDENTIAL EQR 0.07 437979 BBG000BG8M31 6504
AVALONBAY COMMUNITIES INC AVB 0.07 433536 BBG000BLPBL5 2318
CSX CORP CSX 0.07 415524 BBG000BGJRC8 8735
CONSTELLATION ENERGY CORPORATION CEG 0.07 417943 BBG014KFRNP7 1647
SYNOPSYS INC SNPS 0.07 402600 BBG000BSFRF3 887
ROSS STORES INC ROST 0.06 338583 BBG000BSBZH7 1410
MONOLITHIC POWER SYSTEMS INC MPWR 0.06 353320 BBG000C30L48 224
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 365783 BBG000D4LWF6 5807
CINTAS CORP CTAS 0.06 328057 BBG000H3YXF8 1861
MERCADOLIBRE INC MELI 0.06 367198 BBG000GQPB11 231
OREILLY AUTOMOTIVE INC ORLY 0.06 352976 BBG000BGYWY6 3878
INTUIT INC INTU 0.06 331523 BBG000BH5DV1 1198
ADOBE SYSTEMS INC ADBE 0.06 354179 BBG000BB5006 1736
Cash & Other Cash&Other 0.06 342862 N/A 342862
NXP Semiconductors NV NXPI 0.06 356381 BBG000BND699 1169
AMERICAN ELECTRIC POWER AEP 0.05 327081 BBG000BB9KF2 2531
ESSEX PROPERTY TRUST INC ESS 0.05 312692 BBG000CGJMB9 1102
PACCAR INC PCAR 0.05 284922 BBG000BQVTF5 2404
REGENERON PHARMACEUTICALS REGN 0.05 287094 BBG000C734W3 469
Warner Bros Discovery Inc WBD 0.05 308678 BBG011386VF4 11441
DOORDASH INC CLASS A DASH 0.05 270141 BBG005D7QCJ3 1794
Datadog Inc. Class A DDOG 0.05 322320 BBG003NJHZT9 1402
Baker Hughes Company BKR 0.05 283562 BBG00GBVBK51 4491
INVITATION HOMES INC REIT USD.01 INVH 0.05 304665 BBG00FQH6BS9 10265
LUMENTUM HOLDINGS INC LITE 0.05 305958 BBG0073F9RT7 332
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 210998 BBG00B6BFWH9 2124
Old Dominion Freight Line Inc. ODFL 0.04 228056 BBG000CHSS88 928
MICROCHIP TECHNOLOGY INC MCHP 0.04 235624 BBG000BHCP19 2474
Sun Communities Inc SUI 0.04 251107 BBG000BLJWF3 1978
HOST HOTELS & RESORTS INC HST 0.04 260847 BBG000BL8804 10480
MID-AMERICA APARTMENT COMM MAA 0.04 258827 BBG000BLMY92 1863
KIMCO REALTY CORP KIM 0.04 260370 BBG000CN3S73 10049
W. P. CAREY REIT INC WPC 0.04 250228 BBG000BCQM58 3262
EXELON CORP EXC 0.04 222039 BBG000J6XT05 4805
XCEL ENERGY INC XEL 0.04 222830 BBG000BCTQ65 2834
DIAMONDBACK ENERGY INC FANG 0.04 248424 BBG002PHSYX9 1293
ELECTRONIC ARTS INC EA 0.04 226036 BBG000BP0KQ8 1112
FERROVIAL SE FER 0.04 222775 BBG01H7CZ9S9 3279
ARM HOLDINGS PLC ARM 0.04 235341 BBG01J1GXZF0 618
AIRBNB INC ABNB 0.04 249745 BBG001Y2XS07 1888
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 237666 BBG00LBLDDR2 2914
ROPER TECHNOLOGIES INC ROP 0.03 155426 BBG000F1ZSN5 464
PAYPAL HOLDINGS INC PYPL 0.03 174260 BBG0077VNXV6 4196
CONSOLIDATED EDISON INC ED 0.03 184990 BBG000BHLYS1 1717
MCDONALDS CORP MCD 0.03 183987 BBG000BNSZP1 646
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.03 186853 BBG000B9ZXB4 2119
MICROSTRATEGY INC-CL A MSTR 0.03 168227 BBG000GQJPZ0 1357
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 175650 BBG000BFGNJ5 621
AIR PRODUCTS & CHEMICALS INC APD 0.03 182771 BBG000BC4JJ4 649
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 176811 BBG000BS1YV5 835
THOMSON REUTERS CORP TRI 0.03 154272 N/A 1895
KEURIG DR PEPPER INC KDP 0.03 199139 BBG000TJM7F0 6280
AXON ENTERPRISE INC AXON 0.03 160348 BBG000BHJWG1 363
PAYCHEX INC PAYX 0.03 157083 BBG000BQSQ38 1561
AUTODESK INC ADSK 0.03 193469 BBG000BM7HL0 975
IDEXX LABS IDXX 0.03 203599 BBG000BLRT07 363
VERISK ANALYTICS INC VRSK 0.02 120245 BBG000BCZL41 656
KRAFT HEINZ CO/THE KHC 0.02 134316 BBG005CPNTQ2 5507
DEXCOM INC DXCM 0.02 124511 BBG000QTF8K1 1652
COGNIZANT TECH SOLUTIONS-A CTSH 0.02 108827 BBG000BBDV81 2086
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 138508 BBG01BFR8YV1 2125
Zscaler Inc. ZS 0.02 117734 BBG003338H34 909
WORKDAY INC-CLASS A WDAY 0.02 110526 BBG000VC0T95 845
INSMED INC INSM 0.02 93936 BBG000BWM5P3 960
COPART INC CPRT 0.02 135423 BBG000BM9RH1 4404
CHARTER COMMUNICATIONS INC-A CHTR 0.01 86762.9 BBG000VPGNR2 595

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.