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 07/06/2026
TICKER RAA
NET ASSETS $595M
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 0.000681

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 07/06/2026

NET ASSET VALUE

$29.58

CLOSING PRICE

$29.58

PREMIUM/DISCOUNT

0.00%
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 1
Discount 13 16 8 14 0

Asset Allocation

As of 7/6/2026

Equities

40.42%
Nasdaq
15.63%
US Large Cap
9.98%
Emerging Ex. China
3.91%
Dividend Payers
3.87%
US Small Cap
2.97%
Japan
2.04%
Europe
2.02%

Fixed Income

27.67%
High Yield
5.94%
Corporate Bonds
5.93%
Long Term Treasuries
5.87%
Emerging Mkt Bonds
3.96%
T-Bills
3.02%
TIPS
2.95%

Alternatives

31.91%
Commodities
7.04%
Managed Futures
6.97%
Miners
6.03%
Gold
4.11%
Energy
3.56%
Bitcoin
2.16%
Real Estate
2.04%

Holdings

As of 07/06/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 9.98 59332800 BBG00RYR67P4 411519
INVESCO OPTIMUM YIELD DIVERS PDBC 7.04 41859500 N/A 2599970
SCHWAB HIGH YIELD BOND ETF SCYB 5.94 35327500 BBG01F80WX71 1351990
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.93 35243500 BBG000PWYVH7 427764
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.87 34876900 BBG00PZFJPC3 1124700
iM DBi Managed Futures Strategy ETF DBMF 5.77 34331700 N/A 1120120
SPROTT PHYSICAL GOLD TRUS PHYS 4.11 24457100 BBG000Q83F79 778642
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.96 23538500 BBG000NXKWH0 244302
ISHARES MSCI EMR MRK EX CHNA EMXC 3.91 23222200 BBG00H5VLMJ6 231782
VANGUARD SMALL-CAP ETF VB 2.97 17678500 BBG000HT3Z79 58604
SCHWAB U.S. TIPS ETF SCHP 2.95 17540600 BBG000BGN6P5 666943
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.16 12869800 N/A 456700
Franklin FTSE Japan ETF FLJP 2.04 12115700 BBG00J3MDY16 297536
Franklin FTSE Europe ETF FLEE 2.02 12009900 BBG00J3PR1S7 305650
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.99 11817900 BBG01922X0X9 236879
BHP GROUP LTD BHP 1.25 7413680 BBG000BD5NZ4 88638
Simplify DBi CTA Managed Futures Index ETF SDMF 1.20 7115230 BBG020BR8WR7 279242
NVIDIA CORP NVDA 1.18 6993450 BBG000BBJQV0 35763
APPLE INC AAPL 1.13 6740010 BBG000B9XRY4 21557
MICRON TECHNOLOGY INC MU 0.77 4585980 BBG000C5Z1S3 4657
MICROSOFT CORP MSFT 0.72 4286630 BBG000BPH459 11084
NEWMONT GOLDCORP CORPORATION COM NEM 0.71 4224070 BBG000BPWXK1 43015
AMAZON.COM INC AMZN 0.67 3965160 BBG000BVPV84 16240
RIO TINTO PLC-SPON ADR RIO 0.67 3973590 BBG000FD28T3 42462
ADVANCED MICRO DEVICES INC AMD 0.59 3501100 BBG000BBQCY0 6342
ALPHABET INC-CL A GOOGL 0.53 3176840 BBG009S39JX6 8669
Tesla Inc. TSLA 0.52 3117630 BBG000N9MNX3 7427
FREEPORT-MCMORAN INC FCX 0.52 3086780 BBG000BJDB15 50603
CHEVRON CORP CVX 0.51 3044460 BBG000K4ND22 18111
AGNICO EAGLE MINES LTD AEM 0.51 3049680 BBG000DLVDK3 19683
ALPHABET INC-CL C GOOG 0.50 2966640 BBG009S3NB30 8130
GLENCORE PLC -UNSP ADR GLNCY 0.47 2824100 BBG001VKX1Z1 204497
META PLATFORMS INC META 0.45 2693500 BBG000MM2P62 4487
Broadcom Inc. AVGO 0.44 2637490 BBG00KHY5S69 7054
MARATHON PETROLEUM CORP MPC 0.41 2442700 BBG001DCCGR8 9081
ExxonMobil Holdings Corp XOM 0.40 2363690 N/A 17324
INTEL CORP INTC 0.40 2391580 BBG000C0G1D1 19571
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.40 2394080 BBG000BRK7L6 43600
Cheniere Energy Inc LNG 0.40 2387320 BBG000C3HSR0 9701
CANADIAN NATURAL RESOURCES CNQ 0.39 2338260 BBG000HW5GX3 59422
OCCIDENTAL PETROLEUM CORP OXY 0.39 2334630 BBG000BQQ2S6 47831
SCHLUMBERGER LTD SLB 0.39 2324180 BBG000BT41Q8 50835
Barrick Mining Corp. B 0.39 2341100 N/A 61430
EQT CORP EQT 0.38 2280150 BBG000BHZ5J9 44095
WILLIAMS COMPANIES INC. WMB 0.38 2279410 BBG000BWVCP8 31302
WAL-MART STORES INC WMT 0.38 2258700 BBG000BWXBC2 20413
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.34 2016450 N/A 79232
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.32 1894780 BBG000PVRDL2 16442
NUCOR CORP NUE 0.31 1835700 BBG000BQ8KV2 8198
APPLIED MATERIALS INC AMAT 0.31 1851880 BBG000BBPFB9 3124
CISCO SYSTEMS INC CSCO 0.31 1859930 BBG000C3J3C9 16318
REALTY INCOME CORP O 0.30 1812230 BBG000DHPN63 28679
COSTCO WHOLESALE CORP COST 0.30 1768420 BBG000F6H8W8 1861
LAM RESH CORP LRCX 0.29 1746100 BBG000BNFLM9 4986
AUTOMATIC DATA PROCESSING ADP 0.28 1669960 BBG000JG0547 6973
FRANCO-NEVADA CORP FNV 0.27 1579390 BBG000RD3CL8 7423
VALE SA-SP ADR VALE 0.27 1597960 BBG000BN5LG7 105895
WELLTOWER INC WELL 0.26 1533660 BBG000BKY1G5 6591
PROLOGIS INC PLD 0.24 1448410 BBG000B9Z0J8 10331
NETFLIX INC NFLX 0.23 1354140 BBG000CL9VN6 17813
Cash & Other Cash&Other 0.21 1229660 N/A 1229660
MEDTRONIC PLC MDT 0.21 1242830 BBG000BNWG87 14963
PALO ALTO NETWORKS INC PANW 0.21 1235620 BBG0014GJCT9 3456
T ROWE PRICE GROUP INC TROW 0.21 1228370 BBG000BVMPN3 10312
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.21 1232490 BBG000N7QR55 9299
KENVUE INC KVUE 0.20 1212130 BBG01C79X561 61970
Kimberly-Clark Corp KMB 0.20 1217460 BBG000BMW2Z0 10773
FRANKLIN RESOURCES INC BEN 0.20 1208290 BBG000BD0TF8 35084
CLOROX COMPANY CLX 0.20 1214850 BBG000BFS7D3 12492
KLA CORPORATION KLAC 0.20 1191750 BBG000BMTFR4 5108
ILLINOIS TOOL WORKS ITW 0.20 1210080 BBG000BMBL90 4412
AMCOR PLC COMMON STOCK USD.01 AMCR 0.20 1218840 N/A 27316
GENUINE PARTS CO GPC 0.19 1104420 BBG000BKL348 8584
HORMEL FOODS CORP HRL 0.19 1135090 BBG000BLF8D2 46750
TEXAS INSTRUMENTS INC TXN 0.19 1107780 BBG000BVV7G1 3650
EVERSOURCE ENERGY ES 0.19 1143780 BBG000BQ87N0 15619
STANLEY BLACK & DECKER INC SWK 0.19 1158300 BBG000BTQR96 12514
EQUINIX INC EQIX 0.18 1096730 BBG000MBDGM6 1098
International Business Machines Corporation IBM 0.18 1089650 BBG000BLNNH6 3638
AO Smith Corp AOS 0.17 1003450 BBG000BC1L02 16068
PPG INDUSTRIES INC PPG 0.17 1017380 BBG000BRJ809 8202
LINDE PLC LIN 0.17 1021580 BBG01FND0CC1 1890
SANDISK CORP/DE SNDKV SNDK 0.17 999558 BBG01R388JG1 573
ABBVIE INC ABBV 0.17 993819 BBG0025Y4RY4 3901
WESTERN DIGITAL CORP WDC 0.15 887556 BBG000BWNFZ9 1537
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.15 865655 BBG0113JGQF0 997
PEPSICO INC PEP 0.14 833518 BBG000DH7JK6 5817
QUALCOMM INC QCOM 0.14 816223 BBG000CGC1X8 4377
AMGEN INC AMGN 0.14 825223 BBG000BBS2Y0 2252
J M Smucker Co COM STK NPV SJM 0.14 845490 BBG000BT1715 7572
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.14 837298 BBG00ZXBJ153 3359
Crowdstrike Holdings Inc. Class A CRWD 0.14 856536 BBG00BLYKS03 4296
T-MOBILE US INC TMUS 0.14 839870 BBG000NDV1D4 4620
SIMON PROPERTY GROUP INC SPG 0.14 831825 BBG000BJ2D31 3697
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.13 756544 BBG00CMNZNK7 756544
ANALOG DEVICES INC ADI 0.13 779993 BBG000BB6G37 2006
PUBLIC STORAGE PSA 0.12 714744 BBG000BPPN67 2206
INTUITIVE SURGICAL INC ISRG 0.12 709841 BBG000BJPDZ1 1640
ERIE INDEMNITY COMPANY-CL A ERIE 0.12 711523 BBG000BBTJZ1 2783
DIGITAL REALTY TRUST INC DLR 0.12 699664 BBG000Q5ZRM7 4028
ASML HOLDING NV-NY REG SHS ASML 0.12 715427 BBG000K6MRN4 392
Ventas Inc. VTR 0.11 680879 BBG000FRVHB9 7384
SHOPIFY INC - CLASS A SHOP 0.11 651880 BBG008HBD923 5426
GILEAD SCIENCES INC GILD 0.11 669695 BBG000CKGBP2 5167
APPLOVIN CORP APP 0.11 669949 BBG006HFPX77 1232
VERTEX PHARMACEUTICALS INC VRTX 0.10 615913 BBG000C1S2X2 1163
BOOKING HOLDINGS INC BKNG 0.10 589253 BBG000BLBVN4 3255
IRON MOUNTAIN INC IRM 0.09 525223 BBG000KCZPC3 4513
ARM HOLDINGS PLC ARM 0.09 541685 BBG01J1GXZF0 1681
FORTINET INC FTNT 0.09 523579 BBG000BCMBG4 3225
CADENCE DESIGN SYS INC CDNS 0.08 466331 BBG000C13CD9 1241
FASTENAL CO FAST 0.08 461457 BBG000BJ8YN7 9552
Marriott International, Inc Class A MAR 0.08 467472 BBG000BGD7W6 1231
EXTRA SPACE STORAGE INC EXR 0.08 467063 BBG000PV27K3 3196
STARBUCKS CORP SBUX 0.08 485942 BBG000CTQBF3 4759
VICI PROPERTIES INC REIT VICI 0.08 469546 BBG00HVVB499 17586
AVALONBAY COMMUNITIES INC AVB 0.08 456334 BBG000BLPBL5 2348
COMCAST CORP-CLASS A CMCSA 0.07 395403 BBG000BFT2L4 16912
EQUITY RESIDENTIAL EQR 0.07 431468 BBG000BG8M31 6170
CONSTELLATION ENERGY CORPORATION CEG 0.07 412324 BBG014KFRNP7 1677
MONSTER BEVERAGE CORP MNST 0.07 442157 BBG008NVB1C0 4541
MERCADOLIBRE INC MELI 0.07 417112 BBG000GQPB11 231
CSX CORP CSX 0.07 433872 BBG000BGJRC8 8889
SYNOPSYS INC SNPS 0.07 398928 BBG000BSFRF3 902
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.06 334286 BBG022XF4SZ9 1446
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 349813 BBG000D4LWF6 5912
ADOBE SYSTEMS INC ADBE 0.06 385112 BBG000BB5006 1766
NXP Semiconductors NV NXPI 0.06 332124 BBG000BND699 1184
DOORDASH INC CLASS A DASH 0.06 343751 BBG005D7QCJ3 1824
INTUIT INC INTU 0.06 330106 BBG000BH5DV1 1213
CINTAS CORP CTAS 0.06 337052 BBG000H3YXF8 1891
OREILLY AUTOMOTIVE INC ORLY 0.06 331737 BBG000BGYWY6 3938
Datadog Inc. Class A DDOG 0.06 361859 BBG003NJHZT9 1417
AMERICAN ELECTRIC POWER AEP 0.06 350284 BBG000BB9KF2 2576
PACCAR INC PCAR 0.05 308354 BBG000BQVTF5 2449
Warner Bros Discovery Inc WBD 0.05 304324 BBG011386VF4 11651
ASTERA LABS INC ALAB 0.05 277386 BBG00TDKHW99 641
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 301533 BBG000C30L48 224
ESSEX PROPERTY TRUST INC ESS 0.05 303364 BBG000CGJMB9 1018
ROSS STORES INC ROST 0.05 301188 BBG000BSBZH7 1425
AIRBNB INC ABNB 0.05 283193 BBG001Y2XS07 1918
REGENERON PHARMACEUTICALS REGN 0.05 304761 BBG000C734W3 469
INVITATION HOMES INC REIT USD.01 INVH 0.05 313559 BBG00FQH6BS9 10445
XCEL ENERGY INC XEL 0.04 231385 BBG000BCTQ65 2879
MICROCHIP TECHNOLOGY INC MCHP 0.04 220639 BBG000BHCP19 2519
Sun Communities Inc SUI 0.04 245337 BBG000BLJWF3 2008
HOST HOTELS & RESORTS INC HST 0.04 248194 BBG000BL8804 10675
AXON ENTERPRISE INC AXON 0.04 225913 BBG000BHJWG1 363
Baker Hughes Company BKR 0.04 243140 BBG00GBVBK51 4566
TERADYNE INC TER 0.04 239857 BBG000BV4DR6 632
EXELON CORP EXC 0.04 230310 BBG000J6XT05 4895
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 219648 BBG000BS1YV5 850
MID-AMERICA APARTMENT COMM MAA 0.04 239872 BBG000BLMY92 1704
KIMCO REALTY CORP KIM 0.04 231337 BBG000CN3S73 9235
FERROVIAL SE FER 0.04 227787 BBG01H7CZ9S9 3339
MCDONALDS CORP MCD 0.04 244562 BBG000BNSZP1 875
DIAMONDBACK ENERGY INC FANG 0.04 227239 BBG002PHSYX9 1308
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 247787 BBG00LBLDDR2 2959
ROCKET LAB CORP RKLB 0.04 218668 BBG01V7JN3F3 2349
W. P. CAREY REIT INC WPC 0.04 234367 BBG000BCQM58 3322
LUMENTUM HOLDINGS INC LITE 0.04 242775 BBG0073F9RT7 332
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 230413 BBG00B6BFWH9 2154
ELECTRONIC ARTS INC EA 0.04 231272 BBG000BP0KQ8 1127
PAYCHEX INC PAYX 0.03 166095 BBG000BQSQ38 1576
PAYPAL HOLDINGS INC PYPL 0.03 192579 BBG0077VNXV6 4271
ROPER TECHNOLOGIES INC ROP 0.03 169012 BBG000F1ZSN5 464
Old Dominion Freight Line Inc. ODFL 0.03 204103 BBG000CHSS88 943
AIR PRODUCTS & CHEMICALS INC APD 0.03 200450 BBG000BC4JJ4 649
IDEXX LABS IDXX 0.03 205088 BBG000BLRT07 363
KEURIG DR PEPPER INC KDP 0.03 202724 BBG000TJM7F0 6385
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.03 205509 BBG000B9ZXB4 2149
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 194398 BBG000BFGNJ5 621
Nebius Group NV NBIS 0.03 177233 BBG001NVJ6W4 832
AUTODESK INC ADSK 0.03 205465 BBG000BM7HL0 990
CONSOLIDATED EDISON INC ED 0.03 195559 BBG000BHLYS1 1747
THOMSON REUTERS CORP TRI 0.03 169130 N/A 1925
KRAFT HEINZ CO/THE KHC 0.02 138918 BBG005CPNTQ2 5597
WORKDAY INC-CLASS A WDAY 0.02 118671 BBG000VC0T95 860
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 139730 BBG01BFR8YV1 2155
COPART INC CPRT 0.02 130966 BBG000BM9RH1 4479
DEXCOM INC DXCM 0.02 121743 BBG000QTF8K1 1682
MICROSTRATEGY INC-CL A MSTR 0.02 138256 BBG000GQJPZ0 1372
EURO EUR 0.00 1959.97 N/A 1713.03
COGNIZANT TECH SOLUTIONS-A CTSH 0.00 82.74 BBG000BBDV81 2
Zscaler Inc. ZS 0.00 150.42 BBG003338H34 1
INSMED INC INSM 0.00 111.54 BBG000BWM5P3 1
HONEYWELL AEROSPACE INC HONAV HONAV 0.00 237.7 BBG020QYV152 1

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.