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 09/02/2026
TICKER RAA
NET ASSETS $616M
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 $30.42
30 DAY MEDIAN BID-ASK SPREAD 0.000984

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 18.28% NA NA 16.03%
RAA - Market Price 18.32% NA NA 16.08%
S&P 500 Index Total Return NA NA NA 19.83%
1 MO 3 MO YTD Since Inception
RAA - NAV 3.57% -2.77% 0.55% 7.07% 11.47% 7.79% 16.03% 15.31%
RAA - Market Price 3.57% -2.70% 0.61% 7.15% 11.50% 7.83% 16.08% 15.38%
S&P 500 Index Total Return 2.72% -0.95% 1.68% 15.20% 13.14% 10.21% 19.83% 20.23%
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 09/02/2026

NET ASSET VALUE

$30.42

CLOSING PRICE

$30.42

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 25
Discount 13 16 8 14 12

Asset Allocation

As of 9/2/2026

Equities

45.78%
Nasdaq
16.80%
US Large Cap
14.95%
Dividend Payers
6.05%
US Small Cap
3.98%
Emerging Ex. China
2.01%
Japan
1.00%
Europe
0.99%

Fixed Income

25.07%
Corporate Bonds
6.94%
High Yield
5.94%
TIPS
3.98%
Emerging Mkt Bonds
3.97%
Long Term Treasuries
2.98%
T-Bills
1.26%

Alternatives

29.15%
Commodities
7.14%
Energy
5.15%
Managed Futures
5.00%
Miners
3.99%
Gold
3.95%
Real Estate
2.94%
Bitcoin
0.98%

Holdings

As of 09/02/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.95 92090300 BBG00RYR67P4 1884780
INVESCO OPTIMUM YIELD DIVERS PDBC 7.14 43998700 N/A 2308430
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.94 42735400 BBG000PWYVH7 531139
SCHWAB HIGH YIELD BOND ETF SCYB 5.94 36617700 BBG01F80WX71 1415450
SCHWAB U.S. TIPS ETF SCHP 3.98 24532900 BBG000BGN6P5 950152
VANGUARD SMALL-CAP ETF VB 3.98 24514500 BBG000HT3Z79 82352
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.97 24445600 BBG000NXKWH0 259645
SPROTT PHYSICAL GOLD TRUS PHYS 3.95 24349500 BBG000Q83F79 732096
iM DBi Managed Futures Strategy ETF DBMF 3.60 22195300 N/A 704614
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.98 18356800 BBG00PZFJPC3 614763
ISHARES MSCI EMR MRK EX CHNA EMXC 2.01 12360800 BBG00H5VLMJ6 125274
NVIDIA CORP NVDA 1.46 8963380 BBG000BBJQV0 39942
Simplify DBi CTA Managed Futures Index ETF SDMF 1.40 8646450 BBG020BR8WR7 329450
APPLE INC AAPL 1.32 8119450 BBG000B9XRY4 24986
MICROSOFT CORP MSFT 1.01 6197330 BBG000BPH459 12474
Franklin FTSE Japan ETF FLJP 1.00 6163750 BBG00J3MDY16 150666
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.00 6149920 BBG01922X0X9 123319
Franklin FTSE Europe ETF FLEE 0.99 6103220 BBG00J3PR1S7 154472
GRAYSCALE BITCN MINI TRU ETF BTC.UP 0.98 6039170 N/A 176584
BHP GROUP LTD BHP 0.86 5304580 BBG000BD5NZ4 56776
MICRON TECHNOLOGY INC MU 0.79 4896090 BBG000C5Z1S3 5121
AMAZON.COM INC AMZN 0.76 4667660 BBG000BVPV84 18306
CHEVRON CORP CVX 0.69 4272870 BBG000K4ND22 20176
ADVANCED MICRO DEVICES INC AMD 0.55 3408300 BBG000BBQCY0 7457
ALPHABET INC-CL A GOOGL 0.54 3356030 BBG009S39JX6 9955
CANADIAN NATURAL RESOURCES CNQ 0.52 3209110 BBG000HW5GX3 61940
Suncor Energy Inc. SU 0.52 3183350 BBG000BC1LY5 46547
MARATHON PETROLEUM CORP MPC 0.52 3215580 BBG001DCCGR8 8309
OCCIDENTAL PETROLEUM CORP OXY 0.51 3135710 BBG000BQQ2S6 51481
EQT CORP EQT 0.51 3160970 BBG000BHZ5J9 56699
Cheniere Energy Inc LNG 0.51 3160670 BBG000C3HSR0 10683
ALPHABET INC-CL C GOOG 0.51 3113830 BBG009S3NB30 9329
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.51 3167110 BBG023CY9MM1 19294
WILLIAMS COMPANIES INC. WMB 0.50 3087200 BBG000BWVCP8 41075
SCHLUMBERGER LTD SLB 0.49 3042000 BBG000BT41Q8 52331
META PLATFORMS INC META 0.48 2967810 BBG000MM2P62 5006
Broadcom Inc. AVGO 0.47 2899730 BBG00KHY5S69 7896
Tesla Inc. TSLA 0.46 2836090 BBG000N9MNX3 7944
NEWMONT GOLDCORP CORPORATION COM NEM 0.46 2814370 BBG000BPWXK1 22533
REALTY INCOME CORP O 0.43 2646780 BBG000DHPN63 43037
WELLTOWER INC WELL 0.42 2577960 BBG000BKY1G5 10805
RIO TINTO PLC-SPON ADR RIO 0.40 2461680 BBG000FD28T3 23958
WAL-MART STORES INC WMT 0.38 2359870 BBG000BWXBC2 22244
AUTOMATIC DATA PROCESSING ADP 0.38 2330250 BBG000JG0547 8288
FREEPORT-MCMORAN INC FCX 0.37 2284290 BBG000BJDB15 30898
INTEL CORP INTC 0.34 2080160 BBG000C0G1D1 23100
AGNICO EAGLE MINES LTD AEM 0.34 2086170 BBG000DLVDK3 10608
PROLOGIS INC PLD 0.33 2051580 BBG000B9Z0J8 15020
CISCO SYSTEMS INC CSCO 0.32 1976100 BBG000C3J3C9 18054
PEPSICO INC PEP 0.32 1946900 BBG000DH7JK6 13855
COSTCO WHOLESALE CORP COST 0.31 1904310 BBG000F6H8W8 2051
KENVUE INC KVUE 0.30 1866090 BBG01C79X561 97548
AO Smith Corp AOS 0.30 1832850 BBG000BC1L02 30929
Kimberly-Clark Corp KMB 0.30 1864920 BBG000BMW2Z0 17064
HORMEL FOODS CORP HRL 0.30 1878260 BBG000BLF8D2 85182
MEDTRONIC PLC MDT 0.30 1871620 BBG000BNWG87 20304
STANLEY BLACK & DECKER INC SWK 0.30 1860190 BBG000BTQR96 19199
T ROWE PRICE GROUP INC TROW 0.30 1822490 BBG000BVMPN3 16662
AMCOR PLC COMMON STOCK USD.01 AMCR 0.30 1868270 N/A 40023
GENUINE PARTS CO GPC 0.29 1816280 BBG000BKL348 13243
FRANKLIN RESOURCES INC BEN 0.29 1782570 BBG000BD0TF8 54001
ILLINOIS TOOL WORKS ITW 0.29 1775460 BBG000BMBL90 6598
CLOROX COMPANY CLX 0.29 1775390 BBG000BFS7D3 18833
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.29 1797460 BBG000N7QR55 10607
GLENCORE PLC -UNSP ADR GLNCY 0.28 1730770 BBG001VKX1Z1 107836
EQUINIX INC EQIX 0.28 1706210 BBG000MBDGM6 1674
ABBVIE INC ABBV 0.28 1714270 BBG0025Y4RY4 6550
LAM RESH CORP LRCX 0.27 1663320 BBG000BNFLM9 5769
Barrick Mining Corp. B 0.27 1640580 N/A 37176
APPLIED MATERIALS INC AMAT 0.26 1621430 BBG000BBPFB9 3698
NETFLIX INC NFLX 0.26 1610090 BBG000CL9VN6 19462
EVERSOURCE ENERGY ES 0.26 1597160 BBG000BQ87N0 22674
PPG INDUSTRIES INC PPG 0.25 1560790 BBG000BRJ809 14022
International Business Machines Corporation IBM 0.24 1470600 BBG000BLNNH6 6347
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.23 1428210 BBG000PVRDL2 9464
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.22 1334150 N/A 47905
NUCOR CORP NUE 0.21 1299000 BBG000BQ8KV2 4921
ERIE INDEMNITY COMPANY-CL A ERIE 0.20 1243210 BBG000BBTJZ1 4811
PALO ALTO NETWORKS INC PANW 0.20 1214720 BBG0014GJCT9 3698
SIMON PROPERTY GROUP INC SPG 0.20 1221470 BBG000BJ2D31 5811
SPACE EXPLORATION TECH CORP A SPCX 0.20 1236840 BBG000NQF3Z5 8790
DIGITAL REALTY TRUST INC DLR 0.19 1192230 BBG000Q5ZRM7 6488
Vivmark Residential VMRK 0.19 1173180 BBG000BG8M31 18073.9
PUBLIC STORAGE PSA 0.18 1102270 BBG000BPPN67 3658
AMGEN INC AMGN 0.18 1111970 BBG000BBS2Y0 2511
FRANCO-NEVADA CORP FNV 0.18 1092340 BBG000TRN6Z1 4206
TEXAS INSTRUMENTS INC TXN 0.17 1060220 BBG000BVV7G1 4161
LINDE PLC LIN 0.17 1037290 BBG01FND0CC1 2135
KLA CORPORATION KLAC 0.17 1042350 BBG000BMTFR4 6051
VALE SA-SP ADR VALE 0.17 1025670 BBG000BN5LG7 65205
SANDISK CORP/DE SNDKV SNDK 0.17 1050100 BBG01R388JG1 676
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.17 1074560 BBG00CMNZNK7 1074560
Ventas Inc. VTR 0.17 1065780 BBG000FRVHB9 11577
Crowdstrike Holdings Inc. Class A CRWD 0.15 918238 BBG00BLYKS03 4514
T-MOBILE US INC TMUS 0.15 940246 BBG000NDV1D4 5020
GILEAD SCIENCES INC GILD 0.14 850832 BBG000CKGBP2 5687
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 853010 BBG0113JGQF0 1055
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.14 854208 BBG00ZXBJ153 4137
IRON MOUNTAIN INC IRM 0.13 800327 BBG000KCZPC3 7156
QUALCOMM INC QCOM 0.13 799728 BBG000CGC1X8 4731
SHOPIFY INC - CLASS A SHOP 0.13 830933 BBG004DW5NB8 5857
ANALOG DEVICES INC ADI 0.13 796435 BBG000BB6G37 2239
WESTERN DIGITAL CORP WDC 0.12 732605 BBG000BWNFZ9 1632
BOOKING HOLDINGS INC BKNG 0.12 731933 BBG000BLBVN4 3667
ASML HOLDING NV-NY REG SHS ASML 0.12 714978 BBG000K6MRN4 425
VERTEX PHARMACEUTICALS INC VRTX 0.11 651954 BBG000C1S2X2 1171
EXTRA SPACE STORAGE INC EXR 0.11 703708 BBG000PV27K3 5029
VICI PROPERTIES INC REIT VICI 0.11 657639 BBG00HVVB499 25679
INTUITIVE SURGICAL INC ISRG 0.10 605049 BBG000BJPDZ1 1627
ROPER TECHNOLOGIES INC ROP 0.09 553416 BBG000F1ZSN5 1331
STARBUCKS CORP SBUX 0.09 567644 BBG000CTQBF3 5319
Cash & Other Cash&Other 0.08 485652 N/A 485652
CONSTELLATION ENERGY CORPORATION CEG 0.08 481176 BBG014KFRNP7 1659
ADOBE SYSTEMS INC ADBE 0.08 522088 BBG000BB5006 1866
MERCADOLIBRE INC MELI 0.08 475559 BBG000GQPB11 237
FORTINET INC FTNT 0.08 509673 BBG000BCMBG4 3298
ESSEX PROPERTY TRUST INC ESS 0.07 421481 BBG000CGJMB9 1520
ARM HOLDINGS PLC ARM 0.07 458447 BBG01J1GXZF0 1952
COMCAST CORP-CLASS A CMCSA 0.07 445314 BBG000BFT2L4 16610
Marriott International, Inc Class A MAR 0.07 416425 BBG000BGD7W6 1250
REGENERON PHARMACEUTICALS REGN 0.07 403862 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.07 436417 BBG005D7QCJ3 1929
MONSTER BEVERAGE CORP MNST 0.07 408309 BBG008NVB1C0 9192
INTUIT INC INTU 0.07 433819 BBG000BH5DV1 1265
INVITATION HOMES INC REIT USD.01 INVH 0.07 406067 BBG00FQH6BS9 14080
APPLOVIN CORP APP 0.07 460708 BBG006HFPX77 1444
CSX CORP CSX 0.07 423012 BBG000BGJRC8 8695
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 370703 BBG000D4LWF6 5936
Sun Communities Inc SUI 0.06 351838 BBG000BLJWF3 2902
CADENCE DESIGN SYS INC CDNS 0.06 390698 BBG000C13CD9 1274
HOST HOTELS & RESORTS INC HST 0.06 360791 BBG000BL8804 16318
HEALTHPEAK PROPERTIES INC DOC 0.06 346911 BBG000BKYDP9 16496
AIR PRODUCTS & CHEMICALS INC APD 0.06 371649 BBG000BC4JJ4 1201
MID-AMERICA APARTMENT COMM MAA 0.06 353935 BBG000BLMY92 2752
ROSS STORES INC ROST 0.06 344659 BBG000BSBZH7 1493
KIMCO REALTY CORP KIM 0.06 375552 BBG000CN3S73 15596
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 369412 BBG000B9ZXB4 3344
AIRBNB INC ABNB 0.06 365237 BBG001Y2XS07 1993
MCDONALDS CORP MCD 0.06 363242 BBG000BNSZP1 1392
CINTAS CORP CTAS 0.06 369834 BBG000H3YXF8 1867
CONSOLIDATED EDISON INC ED 0.06 371677 BBG000BHLYS1 3452
SYNOPSYS INC SNPS 0.06 366886 BBG000BSFRF3 882
W. P. CAREY REIT INC WPC 0.06 370968 BBG000BCQM58 5256
PACCAR INC PCAR 0.05 300196 BBG000BQVTF5 2458
Warner Bros Discovery Inc WBD 0.05 330488 BBG011386VF4 11641
Baker Hughes Company BKR 0.05 292774 BBG00GBVBK51 4530
OREILLY AUTOMOTIVE INC ORLY 0.05 330486 BBG000BGYWY6 3800
Datadog Inc. Class A DDOG 0.05 323051 BBG003NJHZT9 1544
LUMENTUM HOLDINGS INC LITE 0.05 309926 BBG0073F9RT7 356
AMERICAN ELECTRIC POWER AEP 0.05 312385 BBG000BB9KF2 2528
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 307456 BBG022XF4SZ9 1492
XCEL ENERGY INC XEL 0.04 220187 BBG000BCTQ65 2916
PAYPAL HOLDINGS INC PYPL 0.04 223764 BBG0077VNXV6 4093
FASTENAL CO FAST 0.04 255611 BBG000BJ8YN7 5333
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 276795 BBG000C30L48 227
TERADYNE INC TER 0.04 250749 BBG000BV4DR6 734
NXP Semiconductors NV NXPI 0.04 265746 BBG000BND699 1163
DIAMONDBACK ENERGY INC FANG 0.04 261802 BBG002PHSYX9 1287
AUTODESK INC ADSK 0.04 236170 BBG000BM7HL0 977
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 257360 BBG00LBLDDR2 3129
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 223859 BBG00B6BFWH9 2077
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 226079 BBG020QYV152 1482
PAYCHEX INC PAYX 0.03 204848 BBG000BQSQ38 1652
MICROCHIP TECHNOLOGY INC MCHP 0.03 182919 BBG000BHCP19 2514
AXON ENTERPRISE INC AXON 0.03 197722 BBG000BHJWG1 390
ASTERA LABS INC ALAB 0.03 214370 BBG00TDKHW99 782
Old Dominion Freight Line Inc. ODFL 0.03 179168 BBG000CHSS88 955
EXELON CORP EXC 0.03 208945 BBG000J6XT05 4752
IDEXX LABS IDXX 0.03 195114 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 197984 BBG000BS1YV5 916
KEURIG DR PEPPER INC KDP 0.03 207077 BBG000TJM7F0 6354
FERROVIAL SA FER 0.03 192889 BBG01H0DF657 3334.88
WORKDAY INC-CLASS A WDAY 0.03 191630 BBG000VC0T95 954
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 163114 BBG000BFGNJ5 610
Nebius Group NV NBIS 0.03 211641 BBG001NVJ6W4 1037
COREWEAVE INC CRWV 0.03 167525 BBG011ZTRJ21 2070
DEXCOM INC DXCM 0.03 160455 BBG000QTF8K1 1789
MICROSTRATEGY INC-CL A MSTR 0.03 182937 BBG000GQJPZ0 1485
ROCKET LAB CORP RKLB 0.03 169928 BBG01V7JN3F3 2693
THOMSON REUTERS CORP TRI 0.03 186755 N/A 1764
KRAFT HEINZ CO/THE KHC 0.02 143642 BBG005CPNTQ2 5470
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 149023 BBG01BFR8YV1 2112
COPART INC CPRT 0.02 136133 BBG000BM9RH1 4233

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.