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 09/10/2026
TICKER RAA
NET ASSETS $613M
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 $30.27
30 DAY MEDIAN BID-ASK SPREAD 0.000983

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

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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 09/10/2026

NET ASSET VALUE

$30.27

CLOSING PRICE

$30.26

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 25
Discount 13 16 8 14 16

Asset Allocation

As of 9/10/2026

Equities

45.49%
Nasdaq
16.83%
US Large Cap
14.89%
Dividend Payers
5.84%
US Small Cap
3.91%
Emerging Ex. China
2.03%
Japan
1.01%
Europe
0.98%

Fixed Income

25.08%
Corporate Bonds
6.91%
High Yield
5.94%
TIPS
3.98%
Emerging Mkt Bonds
3.96%
Long Term Treasuries
2.95%
T-Bills
1.34%

Alternatives

29.43%
Commodities
7.55%
Energy
5.11%
Managed Futures
5.10%
Gold
3.90%
Miners
3.89%
Real Estate
2.90%
Bitcoin
0.98%

Holdings

As of 09/10/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.89 91298700 BBG00RYR67P4 1884780
INVESCO OPTIMUM YIELD DIVERS PDBC 7.55 46284100 N/A 2308430
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 6.91 42331800 BBG000PWYVH7 531139
SCHWAB HIGH YIELD BOND ETF SCYB 5.94 36391300 BBG01F80WX71 1415450
SCHWAB U.S. TIPS ETF SCHP 3.98 24418900 BBG000BGN6P5 950152
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.96 24253400 BBG000NXKWH0 259645
VANGUARD SMALL-CAP ETF VB 3.91 23979300 BBG000HT3Z79 82352
SPROTT PHYSICAL GOLD TRUS PHYS 3.90 23917600 BBG000Q83F79 732096
iM DBi Managed Futures Strategy ETF DBMF 3.67 22491300 N/A 704614
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 2.95 18098600 BBG00PZFJPC3 614763
ISHARES MSCI EMR MRK EX CHNA EMXC 2.03 12429700 BBG00H5VLMJ6 125274
Simplify DBi CTA Managed Futures Index ETF SDMF 1.43 8736980 BBG020BR8WR7 329450
NVIDIA CORP NVDA 1.42 8721740 BBG000BBJQV0 39942
APPLE INC AAPL 1.33 8159680 BBG000B9XRY4 24986
Franklin FTSE Japan ETF FLJP 1.01 6175800 BBG00J3MDY16 150666
MICROSOFT CORP MSFT 1.00 6142700 BBG000BPH459 12474
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.00 6154850 BBG01922X0X9 123319
Franklin FTSE Europe ETF FLEE 0.98 6012840 BBG00J3PR1S7 154472
GRAYSCALE BITCN MINI TRU ETF BTC.UP 0.98 6016220 N/A 176584
MICRON TECHNOLOGY INC MU 0.82 5005320 BBG000C5Z1S3 5121
BHP GROUP LTD BHP 0.81 4959380 BBG000BD5NZ4 56776
AMAZON.COM INC AMZN 0.75 4611100 BBG000BVPV84 18306
CHEVRON CORP CVX 0.70 4292650 BBG000K4ND22 20176
ADVANCED MICRO DEVICES INC AMD 0.61 3755350 BBG000BBQCY0 7457
ALPHABET INC-CL A GOOGL 0.54 3311030 BBG009S39JX6 9955
META PLATFORMS INC META 0.53 3225770 BBG000MM2P62 5006
MARATHON PETROLEUM CORP MPC 0.53 3260620 BBG001DCCGR8 8309
Suncor Energy Inc. SU 0.52 3208480 BBG000BC1LY5 46547
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.52 3187950 BBG023CY9MM1 19294
CANADIAN NATURAL RESOURCES CNQ 0.51 3123080 BBG000HW5GX3 61940
OCCIDENTAL PETROLEUM CORP OXY 0.51 3148580 BBG000BQQ2S6 51481
EQT CORP EQT 0.51 3116180 BBG000BHZ5J9 56699
ALPHABET INC-CL C GOOG 0.50 3082210 BBG009S3NB30 9329
Cheniere Energy Inc LNG 0.48 2968160 BBG000C3HSR0 10683
SCHLUMBERGER LTD SLB 0.48 2931060 BBG000BT41Q8 52331
WILLIAMS COMPANIES INC. WMB 0.48 2969520 BBG000BWVCP8 41075
Tesla Inc. TSLA 0.47 2888120 BBG000N9MNX3 7944
NEWMONT GOLDCORP CORPORATION COM NEM 0.46 2842310 BBG000BPWXK1 22533
Broadcom Inc. AVGO 0.46 2849110 BBG00KHY5S69 7896
REALTY INCOME CORP O 0.42 2563710 BBG000DHPN63 43037
WELLTOWER INC WELL 0.42 2546850 BBG000BKY1G5 10805
RIO TINTO PLC-SPON ADR RIO 0.39 2381190 BBG000FD28T3 23958
INTEL CORP INTC 0.38 2317390 BBG000C0G1D1 23100
WAL-MART STORES INC WMT 0.38 2351860 BBG000BWXBC2 22244
FREEPORT-MCMORAN INC FCX 0.36 2200250 BBG000BJDB15 30898
AUTOMATIC DATA PROCESSING ADP 0.36 2201540 BBG000JG0547 8288
AGNICO EAGLE MINES LTD AEM 0.34 2086380 BBG000DLVDK3 10608
PROLOGIS INC PLD 0.33 2018840 BBG000B9Z0J8 15020
CISCO SYSTEMS INC CSCO 0.32 1939720 BBG000C3J3C9 18054
PEPSICO INC PEP 0.31 1893290 BBG000DH7JK6 13855
MEDTRONIC PLC MDT 0.30 1860250 BBG000BNWG87 20304
FRANKLIN RESOURCES INC BEN 0.30 1817670 BBG000BD0TF8 54001
COSTCO WHOLESALE CORP COST 0.30 1850780 BBG000F6H8W8 2051
GENUINE PARTS CO GPC 0.29 1776680 BBG000BKL348 13243
AO Smith Corp AOS 0.29 1753980 BBG000BC1L02 30929
HORMEL FOODS CORP HRL 0.29 1775190 BBG000BLF8D2 85182
ILLINOIS TOOL WORKS ITW 0.29 1749790 BBG000BMBL90 6598
T ROWE PRICE GROUP INC TROW 0.29 1792000 BBG000BVMPN3 16662
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.29 1759280 BBG000N7QR55 10607
KENVUE INC KVUE 0.28 1735380 BBG01C79X561 97548
GLENCORE PLC -UNSP ADR GLNCY 0.28 1740470 BBG001VKX1Z1 107836
EQUINIX INC EQIX 0.28 1713860 BBG000MBDGM6 1674
STANLEY BLACK & DECKER INC SWK 0.28 1713130 BBG000BTQR96 19199
LAM RESH CORP LRCX 0.28 1719220 BBG000BNFLM9 5769
AMCOR PLC COMMON STOCK USD.01 AMCR 0.28 1720990 N/A 40023
APPLIED MATERIALS INC AMAT 0.27 1678930 BBG000BBPFB9 3698
Kimberly-Clark Corp KMB 0.27 1680460 BBG000BMW2Z0 17064
CLOROX COMPANY CLX 0.27 1671810 BBG000BFS7D3 18833
ABBVIE INC ABBV 0.27 1670250 BBG0025Y4RY4 6550
EVERSOURCE ENERGY ES 0.26 1564280 BBG000BQ87N0 22674
Barrick Mining Corp. B 0.26 1615670 N/A 37176
PPG INDUSTRIES INC PPG 0.24 1473010 BBG000BRJ809 14022
NETFLIX INC NFLX 0.24 1479310 BBG000CL9VN6 19462
International Business Machines Corporation IBM 0.24 1485320 BBG000BLNNH6 6347
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.23 1428870 BBG000PVRDL2 9464
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.23 1405250 BBG00CMNZNK7 1405250
NUCOR CORP NUE 0.21 1257120 BBG000BQ8KV2 4921
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.21 1291040 N/A 47905
SPACE EXPLORATION TECH CORP A SPCX 0.21 1302500 BBG000NQF3Z5 8790
PALO ALTO NETWORKS INC PANW 0.20 1251740 BBG0014GJCT9 3698
DIGITAL REALTY TRUST INC DLR 0.20 1202680 BBG000Q5ZRM7 6488
ERIE INDEMNITY COMPANY-CL A ERIE 0.19 1156560 BBG000BBTJZ1 4811
SANDISK CORP/DE SNDKV SNDK 0.19 1144190 BBG01R388JG1 676
SIMON PROPERTY GROUP INC SPG 0.19 1189340 BBG000BJ2D31 5811
Vivmark Residential VMRK 0.19 1175170 BBG000BG8M31 18073.9
PUBLIC STORAGE PSA 0.18 1077650 BBG000BPPN67 3658
TEXAS INSTRUMENTS INC TXN 0.18 1076950 BBG000BVV7G1 4161
FRANCO-NEVADA CORP FNV 0.18 1096340 BBG000TRN6Z1 4206
KLA CORPORATION KLAC 0.17 1072120 BBG000BMTFR4 6051
Ventas Inc. VTR 0.17 1047020 BBG000FRVHB9 11577
AMGEN INC AMGN 0.16 960382 BBG000BBS2Y0 2511
LINDE PLC LIN 0.16 985559 BBG01FND0CC1 2135
VALE SA-SP ADR VALE 0.16 996332 BBG000BN5LG7 65205
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.15 909758 BBG0113JGQF0 1055
Crowdstrike Holdings Inc. Class A CRWD 0.15 942794 BBG00BLYKS03 4514
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.15 938934 BBG00ZXBJ153 4137
T-MOBILE US INC TMUS 0.15 889343 BBG000NDV1D4 5020
QUALCOMM INC QCOM 0.14 836819 BBG000CGC1X8 4731
IRON MOUNTAIN INC IRM 0.13 807912 BBG000KCZPC3 7156
GILEAD SCIENCES INC GILD 0.13 823534 BBG000CKGBP2 5687
ANALOG DEVICES INC ADI 0.13 808839 BBG000BB6G37 2239
WESTERN DIGITAL CORP WDC 0.12 752238 BBG000BWNFZ9 1632
SHOPIFY INC - CLASS A SHOP 0.12 741496 BBG004DW5NB8 5857
ASML HOLDING NV-NY REG SHS ASML 0.12 717158 BBG000K6MRN4 425
EXTRA SPACE STORAGE INC EXR 0.11 686207 BBG000PV27K3 5029
INTUITIVE SURGICAL INC ISRG 0.10 586468 BBG000BJPDZ1 1627
VERTEX PHARMACEUTICALS INC VRTX 0.10 602550 BBG000C1S2X2 1171
BOOKING HOLDINGS INC BKNG 0.10 637728 BBG000BLBVN4 3667
VICI PROPERTIES INC REIT VICI 0.10 635042 BBG00HVVB499 25679
STARBUCKS CORP SBUX 0.09 527751 BBG000CTQBF3 5319
FORTINET INC FTNT 0.09 523887 BBG000BCMBG4 3298
ROPER TECHNOLOGIES INC ROP 0.08 517200 BBG000F1ZSN5 1331
ARM HOLDINGS PLC ARM 0.08 496159 BBG01J1GXZF0 1952
CONSTELLATION ENERGY CORPORATION CEG 0.08 474424 BBG014KFRNP7 1659
ADOBE SYSTEMS INC ADBE 0.08 464317 BBG000BB5006 1866
ESSEX PROPERTY TRUST INC ESS 0.07 412482 BBG000CGJMB9 1520
COMCAST CORP-CLASS A CMCSA 0.07 418074 BBG000BFT2L4 16610
Marriott International, Inc Class A MAR 0.07 411338 BBG000BGD7W6 1250
MERCADOLIBRE INC MELI 0.07 451779 BBG000GQPB11 237
APPLOVIN CORP APP 0.07 454124 BBG006HFPX77 1444
CSX CORP CSX 0.07 426403 BBG000BGJRC8 8695
Cash & Other Cash&Other 0.06 367902 N/A 367902
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 370822 BBG000D4LWF6 5936
CADENCE DESIGN SYS INC CDNS 0.06 363026 BBG000C13CD9 1274
HOST HOTELS & RESORTS INC HST 0.06 361281 BBG000BL8804 16318
AIR PRODUCTS & CHEMICALS INC APD 0.06 352674 BBG000BC4JJ4 1201
MID-AMERICA APARTMENT COMM MAA 0.06 342569 BBG000BLMY92 2752
KIMCO REALTY CORP KIM 0.06 363231 BBG000CN3S73 15596
REGENERON PHARMACEUTICALS REGN 0.06 376005 BBG000C734W3 474
DOORDASH INC CLASS A DASH 0.06 387787 BBG005D7QCJ3 1929
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.06 345636 BBG000B9ZXB4 3344
MONSTER BEVERAGE CORP MNST 0.06 396083 BBG008NVB1C0 9192
INTUIT INC INTU 0.06 395654 BBG000BH5DV1 1265
INVITATION HOMES INC REIT USD.01 INVH 0.06 388045 BBG00FQH6BS9 14080
MCDONALDS CORP MCD 0.06 352246 BBG000BNSZP1 1392
CINTAS CORP CTAS 0.06 370487 BBG000H3YXF8 1867
CONSOLIDATED EDISON INC ED 0.06 368432 BBG000BHLYS1 3452
SYNOPSYS INC SNPS 0.06 350304 BBG000BSFRF3 882
Datadog Inc. Class A DDOG 0.06 342336 BBG003NJHZT9 1544
W. P. CAREY REIT INC WPC 0.06 365555 BBG000BCQM58 5256
PACCAR INC PCAR 0.05 301277 BBG000BQVTF5 2458
Sun Communities Inc SUI 0.05 333527 BBG000BLJWF3 2902
Warner Bros Discovery Inc WBD 0.05 328276 BBG011386VF4 11641
HEALTHPEAK PROPERTIES INC DOC 0.05 336024 BBG000BKYDP9 16496
ROSS STORES INC ROST 0.05 336642 BBG000BSBZH7 1493
AIRBNB INC ABNB 0.05 334126 BBG001Y2XS07 1993
OREILLY AUTOMOTIVE INC ORLY 0.05 324938 BBG000BGYWY6 3800
LUMENTUM HOLDINGS INC LITE 0.05 333109 BBG0073F9RT7 356
AMERICAN ELECTRIC POWER AEP 0.05 312132 BBG000BB9KF2 2528
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 301653 BBG022XF4SZ9 1492
XCEL ENERGY INC XEL 0.04 219896 BBG000BCTQ65 2916
PAYPAL HOLDINGS INC PYPL 0.04 218198 BBG0077VNXV6 4093
FASTENAL CO FAST 0.04 261370 BBG000BJ8YN7 5333
ASTERA LABS INC ALAB 0.04 222502 BBG00TDKHW99 782
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 269240 BBG000C30L48 227
Baker Hughes Company BKR 0.04 269082 BBG00GBVBK51 4530
TERADYNE INC TER 0.04 271719 BBG000BV4DR6 734
NXP Semiconductors NV NXPI 0.04 263379 BBG000BND699 1163
Nebius Group NV NBIS 0.04 236550 BBG001NVJ6W4 1037
DIAMONDBACK ENERGY INC FANG 0.04 264337 BBG002PHSYX9 1287
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 243561 BBG00LBLDDR2 3129
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 227858 BBG020QYV152 1482
PAYCHEX INC PAYX 0.03 190277 BBG000BQSQ38 1652
MICROCHIP TECHNOLOGY INC MCHP 0.03 179952 BBG000BHCP19 2514
AXON ENTERPRISE INC AXON 0.03 186752 BBG000BHJWG1 390
Old Dominion Freight Line Inc. ODFL 0.03 172425 BBG000CHSS88 955
EXELON CORP EXC 0.03 206189 BBG000J6XT05 4752
IDEXX LABS IDXX 0.03 183364 BBG000BLRT07 362
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 198735 BBG000BS1YV5 916
KEURIG DR PEPPER INC KDP 0.03 199897 BBG000TJM7F0 6354
FERROVIAL SA FER 0.03 185086 BBG01H0DF657 3334.88
WORKDAY INC-CLASS A WDAY 0.03 176576 BBG000VC0T95 954
COREWEAVE INC CRWV 0.03 184478 BBG011ZTRJ21 2070
AUTODESK INC ADSK 0.03 206743 BBG000BM7HL0 977
MICROSTRATEGY INC-CL A MSTR 0.03 190912 BBG000GQJPZ0 1485
ROCKET LAB CORP RKLB 0.03 166858 BBG01V7JN3F3 2693
THOMSON REUTERS CORP TRI 0.03 168832 N/A 1764
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.03 213682 BBG00B6BFWH9 2077
KRAFT HEINZ CO/THE KHC 0.02 133413 BBG005CPNTQ2 5470
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 150981 BBG000BFGNJ5 610
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 135675 BBG01BFR8YV1 2112
COPART INC CPRT 0.02 130165 BBG000BM9RH1 4233
DEXCOM INC DXCM 0.02 151188 BBG000QTF8K1 1789

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.