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 08/11/2026
TICKER RAA
NET ASSETS $609M
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 $30.10
30 DAY MEDIAN BID-ASK SPREAD 0.000679

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 -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 08/11/2026

NET ASSET VALUE

$30.10

CLOSING PRICE

$30.09

PREMIUM/DISCOUNT

0.02%
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 15
Discount 13 16 8 14 8

Asset Allocation

As of 8/11/2026

Equities

40.35%
Nasdaq
16.19%
US Large Cap
10.12%
Dividend Payers
4.96%
US Small Cap
3.04%
Emerging Ex. China
3.01%
Japan
2.03%
Europe
1.00%

Fixed Income

24.87%
High Yield
5.91%
Long Term Treasuries
5.90%
Corporate Bonds
3.93%
Emerging Mkt Bonds
3.93%
TIPS
2.93%
T-Bills
2.27%

Alternatives

34.78%
Managed Futures
10.89%
Commodities
8.99%
Energy
5.00%
Real Estate
3.65%
Miners
3.22%
Bitcoin
1.97%
Gold
1.06%

Holdings

As of 08/11/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 10.12 61674400 BBG00RYR67P4 1252020
iM DBi Managed Futures Strategy ETF DBMF 9.48 57801400 N/A 1844920
INVESCO OPTIMUM YIELD DIVERS PDBC 8.99 54790900 N/A 3059240
SCHWAB HIGH YIELD BOND ETF SCYB 5.91 36025300 BBG01F80WX71 1385590
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.90 35964200 BBG00PZFJPC3 1201610
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.93 23954900 BBG000NXKWH0 252609
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 3.93 23941200 BBG000PWYVH7 295170
VANGUARD SMALL-CAP ETF VB 3.04 18557300 BBG000HT3Z79 60613
ISHARES MSCI EMR MRK EX CHNA EMXC 3.01 18342000 BBG00H5VLMJ6 193767
SCHWAB U.S. TIPS ETF SCHP 2.93 17867900 BBG000BGN6P5 689881
Franklin FTSE Japan ETF FLJP 2.03 12368300 BBG00J3MDY16 301740
GRAYSCALE BITCN MINI TRU ETF BTC.UP 1.97 12023000 N/A 428322
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.95 11911300 BBG01922X0X9 238608
Simplify DBi CTA Managed Futures Index ETF SDMF 1.41 8602880 BBG020BR8WR7 330307
NVIDIA CORP NVDA 1.34 8175820 BBG000BBJQV0 37590
APPLE INC AAPL 1.29 7891380 BBG000B9XRY4 25881
SPROTT PHYSICAL GOLD TRUS PHYS 1.06 6441320 BBG000Q83F79 194074
Franklin FTSE Europe ETF FLEE 1.00 6068260 BBG00J3PR1S7 151215
MICROSOFT CORP MSFT 0.95 5782230 BBG000BPH459 11477
MICRON TECHNOLOGY INC MU 0.75 4545830 BBG000C5Z1S3 5234
BHP GROUP LTD BHP 0.69 4229680 BBG000BD5NZ4 46986
AMAZON.COM INC AMZN 0.67 4063090 BBG000BVPV84 14923
CHEVRON CORP CVX 0.63 3830350 BBG000K4ND22 19477
ADVANCED MICRO DEVICES INC AMD 0.56 3436920 BBG000BBQCY0 7246
SCHLUMBERGER LTD SLB 0.53 3226700 BBG000BT41Q8 60110
WELLTOWER INC WELL 0.52 3172730 BBG000BKY1G5 14091
MARATHON PETROLEUM CORP MPC 0.52 3197670 BBG001DCCGR8 9505
OCCIDENTAL PETROLEUM CORP OXY 0.51 3108270 BBG000BQQ2S6 52629
Broadcom Inc. AVGO 0.51 3117270 BBG00KHY5S69 7492
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.51 3081580 BBG023CY9MM1 19284
EQT CORP EQT 0.50 3053750 BBG000BHZ5J9 56166
CANADIAN NATURAL RESOURCES CNQ 0.49 2974480 BBG000HW5GX3 62476
Cheniere Energy Inc LNG 0.49 3005200 BBG000C3HSR0 11322
WILLIAMS COMPANIES INC. WMB 0.49 3014750 BBG000BWVCP8 41692
ALPHABET INC-CL A GOOGL 0.49 3005840 BBG009S39JX6 8743
REALTY INCOME CORP O 0.46 2833450 BBG000DHPN63 45782
Suncor Energy Inc. SU 0.46 2811280 BBG000BC1LY5 44426
META PLATFORMS INC META 0.46 2791900 BBG000MM2P62 4660
ALPHABET INC-CL C GOOG 0.46 2824950 BBG009S3NB30 8236
Tesla Inc. TSLA 0.43 2613560 BBG000N9MNX3 7853
PROLOGIS INC PLD 0.43 2638360 BBG000B9Z0J8 18913
WAL-MART STORES INC WMT 0.40 2424440 BBG000BWXBC2 21406
NEWMONT GOLDCORP CORPORATION COM NEM 0.39 2382290 BBG000BPWXK1 20325
INTEL CORP INTC 0.35 2128910 BBG000C0G1D1 21788
EQUINIX INC EQIX 0.35 2155650 BBG000MBDGM6 2088
CISCO SYSTEMS INC CSCO 0.33 2039960 BBG000C3J3C9 16939
AUTOMATIC DATA PROCESSING ADP 0.33 2007690 BBG000JG0547 7406
PEPSICO INC PEP 0.31 1889990 BBG000DH7JK6 13655
RIO TINTO PLC-SPON ADR RIO 0.31 1916790 BBG000FD28T3 18980
FREEPORT-MCMORAN INC FCX 0.31 1893920 BBG000BJDB15 27500
COSTCO WHOLESALE CORP COST 0.30 1831040 BBG000F6H8W8 1939
APPLIED MATERIALS INC AMAT 0.29 1748700 BBG000BBPFB9 3327
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.29 1784560 BBG000N7QR55 10201
AGNICO EAGLE MINES LTD AEM 0.28 1709000 BBG000DLVDK3 9403
CLOROX COMPANY CLX 0.27 1666520 BBG000BFS7D3 15575
STANLEY BLACK & DECKER INC SWK 0.27 1620740 BBG000BTQR96 15584
LAM RESH CORP LRCX 0.27 1647050 BBG000BNFLM9 5289
SIMON PROPERTY GROUP INC SPG 0.27 1640330 BBG000BJ2D31 7472
AO Smith Corp AOS 0.26 1579590 BBG000BC1L02 24809
MEDTRONIC PLC MDT 0.26 1580100 BBG000BNWG87 17425
DIGITAL REALTY TRUST INC DLR 0.26 1610250 BBG000Q5ZRM7 8439
AMCOR PLC COMMON STOCK USD.01 AMCR 0.26 1576710 N/A 33264
PUBLIC STORAGE PSA 0.25 1552350 BBG000BPPN67 4775
T ROWE PRICE GROUP INC TROW 0.25 1507300 BBG000BVMPN3 13251
KENVUE INC KVUE 0.24 1455130 BBG01C79X561 77236
Kimberly-Clark Corp KMB 0.24 1471560 BBG000BMW2Z0 13554
HORMEL FOODS CORP HRL 0.24 1439870 BBG000BLF8D2 59254
FRANKLIN RESOURCES INC BEN 0.24 1455500 BBG000BD0TF8 43630
ABBVIE INC ABBV 0.24 1478780 BBG0025Y4RY4 5913
GENUINE PARTS CO GPC 0.23 1419260 BBG000BKL348 10506
NETFLIX INC NFLX 0.23 1430210 BBG000CL9VN6 19123
PALO ALTO NETWORKS INC PANW 0.23 1373240 BBG0014GJCT9 3578
International Business Machines Corporation IBM 0.23 1414550 BBG000BLNNH6 5933
PPG INDUSTRIES INC PPG 0.22 1368830 BBG000BRJ809 11784
EVERSOURCE ENERGY ES 0.22 1347340 BBG000BQ87N0 18942
GLENCORE PLC -UNSP ADR GLNCY 0.21 1255710 BBG001VKX1Z1 81381
Barrick Mining Corp ABX 0.21 1296000 N/A 32295
Ventas Inc. VTR 0.21 1275010 BBG000FRVHB9 14662
ILLINOIS TOOL WORKS ITW 0.20 1216570 BBG000BMBL90 4150
NUCOR CORP NUE 0.19 1129140 BBG000BQ8KV2 4152
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.19 1166680 BBG000PVRDL2 8680
TEXAS INSTRUMENTS INC TXN 0.19 1147460 BBG000BVV7G1 4080
SPACE EXPLORATION TECH CORP A SPCX 0.19 1163760 BBG000NQF3Z5 8731
ERIE INDEMNITY COMPANY-CL A ERIE 0.18 1083280 BBG000BBTJZ1 4221
KLA CORPORATION KLAC 0.18 1079930 BBG000BMTFR4 5387
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.18 1092670 N/A 40157
LINDE PLC LIN 0.17 1039430 BBG01FND0CC1 2119
IRON MOUNTAIN INC IRM 0.16 1000780 BBG000KCZPC3 8177
AMGEN INC AMGN 0.16 960347 BBG000BBS2Y0 2318
Crowdstrike Holdings Inc. Class A CRWD 0.16 969925 BBG00BLYKS03 4371
EXTRA SPACE STORAGE INC EXR 0.15 940558 BBG000PV27K3 6418
FRANCO-NEVADA CORP FNV 0.14 871238 BBG000TRN6Z1 3619
SHOPIFY INC - CLASS A SHOP 0.14 843476 BBG004DW5NB8 5527
SANDISK CORP/DE SNDKV SNDK 0.14 832538 BBG01R388JG1 655
VICI PROPERTIES INC REIT VICI 0.14 828086 BBG00HVVB499 31874
T-MOBILE US INC TMUS 0.14 873078 BBG000NDV1D4 4889
QUALCOMM INC QCOM 0.13 781677 BBG000CGC1X8 4805
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.13 769648 BBG0113JGQF0 938
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.13 781513 BBG00ZXBJ153 3681
ANALOG DEVICES INC ADI 0.13 807589 BBG000BB6G37 2096
GILEAD SCIENCES INC GILD 0.12 743884 BBG000CKGBP2 5479
VALE SA-SP ADR VALE 0.12 734315 BBG000BN5LG7 51279
BOOKING HOLDINGS INC BKNG 0.12 717798 BBG000BLBVN4 3372
AVALONBAY COMMUNITIES INC AVB 0.12 755213 BBG000BLPBL5 4155
ASML HOLDING NV-NY REG SHS ASML 0.12 708956 BBG000K6MRN4 394
WESTERN DIGITAL CORP WDC 0.11 653392 BBG000BWNFZ9 1492
EQUITY RESIDENTIAL EQR 0.11 697179 BBG000BG8M31 10711
FASTENAL CO FAST 0.10 592470 BBG000BJ8YN7 11311
INTUITIVE SURGICAL INC ISRG 0.10 607061 BBG000BJPDZ1 1513
VERTEX PHARMACEUTICALS INC VRTX 0.10 595856 BBG000C1S2X2 1125
ARM HOLDINGS PLC ARM 0.09 519035 BBG01J1GXZF0 1930
ESSEX PROPERTY TRUST INC ESS 0.09 531025 BBG000CGJMB9 1880
STARBUCKS CORP SBUX 0.09 543006 BBG000CTQBF3 5091
INVITATION HOMES INC REIT USD.01 INVH 0.09 536697 BBG00FQH6BS9 18016
Sun Communities Inc SUI 0.08 457354 BBG000BLJWF3 3854
MID-AMERICA APARTMENT COMM MAA 0.08 470707 BBG000BLMY92 3573
FORTINET INC FTNT 0.08 479518 BBG000BCMBG4 2962
CADENCE DESIGN SYS INC CDNS 0.07 403189 BBG000C13CD9 1231
HOST HOTELS & RESORTS INC HST 0.07 422128 BBG000BL8804 18938
CONSTELLATION ENERGY CORPORATION CEG 0.07 438974 BBG014KFRNP7 1577
ADOBE SYSTEMS INC ADBE 0.07 441451 BBG000BB5006 1674
KIMCO REALTY CORP KIM 0.07 448599 BBG000CN3S73 18715
MERCADOLIBRE INC MELI 0.07 430680 BBG000GQPB11 222
CSX CORP CSX 0.07 412205 BBG000BGJRC8 8254
APPLOVIN CORP APP 0.07 435954 BBG006HFPX77 1368
W. P. CAREY REIT INC WPC 0.07 453810 BBG000BCQM58 6483
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 355297 BBG000D4LWF6 5751
COMCAST CORP-CLASS A CMCSA 0.06 382057 BBG000BFT2L4 14895
Marriott International, Inc Class A MAR 0.06 388982 BBG000BGD7W6 1113
DOORDASH INC CLASS A DASH 0.06 385204 BBG005D7QCJ3 1817
ROSS STORES INC ROST 0.06 358074 BBG000BSBZH7 1422
AIRBNB INC ABNB 0.06 363116 BBG001Y2XS07 1963
REGENERON PHARMACEUTICALS REGN 0.06 374590 BBG000C734W3 470
MONSTER BEVERAGE CORP MNST 0.06 393379 BBG008NVB1C0 8640
INTUIT INC INTU 0.06 382196 BBG000BH5DV1 1136
CINTAS CORP CTAS 0.06 357803 BBG000H3YXF8 1743
Datadog Inc. Class A DDOG 0.06 379054 BBG003NJHZT9 1536
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.06 335285 BBG022XF4SZ9 1457
PACCAR INC PCAR 0.05 295554 BBG000BQVTF5 2236
Warner Bros Discovery Inc WBD 0.05 307705 BBG011386VF4 11367
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 291639 BBG000C30L48 208
NXP Semiconductors NV NXPI 0.05 297366 BBG000BND699 1258
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.05 309191 BBG000B9ZXB4 2818
SYNOPSYS INC SNPS 0.05 318044 BBG000BSFRF3 774
MCDONALDS CORP MCD 0.05 301565 BBG000BNSZP1 1100
CONSOLIDATED EDISON INC ED 0.05 292722 BBG000BHLYS1 2723
OREILLY AUTOMOTIVE INC ORLY 0.05 308443 BBG000BGYWY6 3332
AMERICAN ELECTRIC POWER AEP 0.05 285964 BBG000BB9KF2 2314
XCEL ENERGY INC XEL 0.04 236086 BBG000BCTQ65 3040
PAYPAL HOLDINGS INC PYPL 0.04 245617 BBG0077VNXV6 4163
ASTERA LABS INC ALAB 0.04 233681 BBG00TDKHW99 749
AXON ENTERPRISE INC AXON 0.04 216982 BBG000BHJWG1 341
Baker Hughes Company BKR 0.04 255157 BBG00GBVBK51 3937
TERADYNE INC TER 0.04 237225 BBG000BV4DR6 625
AUTODESK INC ADSK 0.04 256119 BBG000BM7HL0 1018
DIAMONDBACK ENERGY INC FANG 0.04 237614 BBG002PHSYX9 1178
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 244531 BBG00LBLDDR2 2702
ROCKET LAB CORP RKLB 0.04 219227 BBG01V7JN3F3 2740
LUMENTUM HOLDINGS INC LITE 0.04 268333 BBG0073F9RT7 327
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 231659 BBG00B6BFWH9 2175
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 237446 BBG020QYV152 1431
PAYCHEX INC PAYX 0.03 186074 BBG000BQSQ38 1534
MICROCHIP TECHNOLOGY INC MCHP 0.03 191855 BBG000BHCP19 2368
ROPER TECHNOLOGIES INC ROP 0.03 182572 BBG000F1ZSN5 457
Old Dominion Freight Line Inc. ODFL 0.03 176139 BBG000CHSS88 841
IDEXX LABS IDXX 0.03 188898 BBG000BLRT07 322
EXELON CORP EXC 0.03 174410 BBG000J6XT05 3887
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 185370 BBG000BS1YV5 740
KEURIG DR PEPPER INC KDP 0.03 166822 BBG000TJM7F0 5717
FERROVIAL SA FER 0.03 179140 BBG01H0DF657 2727.88
Nebius Group NV NBIS 0.03 181057 BBG001NVJ6W4 937
THOMSON REUTERS CORP TRI 0.03 192067 N/A 1832
KRAFT HEINZ CO/THE KHC 0.02 113119 BBG005CPNTQ2 4589
WORKDAY INC-CLASS A WDAY 0.02 135409 BBG000VC0T95 747
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 129623 BBG000BFGNJ5 586
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 127458 BBG01BFR8YV1 1752
COREWEAVE INC CRWV 0.02 148938 BBG011ZTRJ21 1649
COPART INC CPRT 0.02 120452 BBG000BM9RH1 4097
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.02 130155 BBG00CMNZNK7 130155
DEXCOM INC DXCM 0.02 128028 BBG000QTF8K1 1430
MICROSTRATEGY INC-CL A MSTR 0.02 122130 BBG000GQJPZ0 1271
Cash & Other Cash&Other 0.00 -21371.3 N/A -21371.3

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.