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 08/26/2026
TICKER RAA
NET ASSETS $619M
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 $30.44
30 DAY MEDIAN BID-ASK SPREAD 0.000686

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 16.01% NA NA 14.22%
RAA - Market Price 16.17% NA NA 14.27%
S&P 500 Index Total Return 19.56% NA NA 18.87%
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 08/26/2026

NET ASSET VALUE

$30.44

CLOSING PRICE

$30.44

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 23
Discount 13 16 8 14 10

Asset Allocation

As of 8/26/2026

Equities

40.01%
Nasdaq
16.10%
US Large Cap
9.94%
Dividend Payers
4.91%
Emerging Ex. China
3.09%
US Small Cap
2.99%
Japan
1.99%
Europe
0.99%

Fixed Income

24.51%
Long Term Treasuries
5.91%
High Yield
5.87%
Emerging Mkt Bonds
3.91%
Corporate Bonds
3.90%
TIPS
2.92%
T-Bills
2.00%

Alternatives

35.48%
Managed Futures
10.69%
Commodities
9.02%
Energy
5.06%
Real Estate
3.71%
Miners
3.49%
Bitcoin
2.41%
Gold
1.10%

Holdings

As of 08/26/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 9.94 61500500 BBG00RYR67P4 1256650
iM DBi Managed Futures Strategy ETF DBMF 9.30 57552500 N/A 1851750
INVESCO OPTIMUM YIELD DIVERS PDBC 9.02 55822800 N/A 3070560
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 5.91 36567800 BBG00PZFJPC3 1206060
SCHWAB HIGH YIELD BOND ETF SCYB 5.87 36297800 BBG01F80WX71 1390720
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 3.91 24165100 BBG000NXKWH0 253542
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 3.90 24139400 BBG000PWYVH7 296262
ISHARES MSCI EMR MRK EX CHNA EMXC 3.09 19106100 BBG00H5VLMJ6 194484
VANGUARD SMALL-CAP ETF VB 2.99 18491400 BBG000HT3Z79 60835
SCHWAB U.S. TIPS ETF SCHP 2.92 18044800 BBG000BGN6P5 692434
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.41 14922000 N/A 429906
Franklin FTSE Japan ETF FLJP 1.99 12320200 BBG00J3MDY16 302856
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.93 11938600 BBG01922X0X9 239490
Simplify DBi CTA Managed Futures Index ETF SDMF 1.39 8576230 BBG020BR8WR7 331528
APPLE INC AAPL 1.32 8141550 BBG000B9XRY4 25974
NVIDIA CORP NVDA 1.28 7910050 BBG000BBJQV0 37728
SPROTT PHYSICAL GOLD TRUS PHYS 1.10 6796260 BBG000Q83F79 194791
Franklin FTSE Europe ETF FLEE 0.99 6121810 BBG00J3PR1S7 151773
MICROSOFT CORP MSFT 0.92 5717690 BBG000BPH459 11519
MICRON TECHNOLOGY INC MU 0.80 4928480 BBG000C5Z1S3 5252
BHP GROUP LTD BHP 0.73 4542920 BBG000BD5NZ4 47160
CHEVRON CORP CVX 0.63 3913910 BBG000K4ND22 19549
AMAZON.COM INC AMZN 0.63 3898210 BBG000BVPV84 14977
ADVANCED MICRO DEVICES INC AMD 0.57 3496360 BBG000BBQCY0 7270
MARATHON PETROLEUM CORP MPC 0.56 3455330 BBG001DCCGR8 9538
WELLTOWER INC WELL 0.55 3416140 BBG000BKY1G5 14142
Cheniere Energy Inc LNG 0.52 3227430 BBG000C3HSR0 11361
SCHLUMBERGER LTD SLB 0.52 3233800 BBG000BT41Q8 60332
CANADIAN NATURAL RESOURCES CNQ 0.50 3112780 BBG000HW5GX3 62707
OCCIDENTAL PETROLEUM CORP OXY 0.50 3096370 BBG000BQQ2S6 52821
EQT CORP EQT 0.50 3088680 BBG000BHZ5J9 56373
WILLIAMS COMPANIES INC. WMB 0.50 3113690 BBG000BWVCP8 41845
EXXONMOBIL HOLDINGS CORP COMMON STOCK USD XOM 0.49 3061450 BBG023CY9MM1 19353
ALPHABET INC-CL A GOOGL 0.48 3000370 BBG009S39JX6 8773
Suncor Energy Inc. SU 0.47 2928090 BBG000BC1LY5 44588
REALTY INCOME CORP O 0.46 2860850 BBG000DHPN63 45950
ALPHABET INC-CL C GOOG 0.45 2803000 BBG009S3NB30 8266
Tesla Inc. TSLA 0.44 2725060 BBG000N9MNX3 7880
META PLATFORMS INC META 0.44 2693450 BBG000MM2P62 4675
PROLOGIS INC PLD 0.44 2706640 BBG000B9Z0J8 18982
NEWMONT GOLDCORP CORPORATION COM NEM 0.43 2684640 BBG000BPWXK1 20400
Broadcom Inc. AVGO 0.43 2673680 BBG00KHY5S69 7519
EQUINIX INC EQIX 0.37 2260700 BBG000MBDGM6 2094
WAL-MART STORES INC WMT 0.36 2241640 BBG000BWXBC2 21484
FREEPORT-MCMORAN INC FCX 0.35 2180320 BBG000BJDB15 27599
AUTOMATIC DATA PROCESSING ADP 0.34 2091570 BBG000JG0547 7433
AGNICO EAGLE MINES LTD AEM 0.33 2019680 BBG000DLVDK3 9436
RIO TINTO PLC-SPON ADR RIO 0.32 1994430 BBG000FD28T3 19049
INTEL CORP INTC 0.31 1929460 BBG000C0G1D1 21866
CISCO SYSTEMS INC CSCO 0.31 1910010 BBG000C3J3C9 16999
PEPSICO INC PEP 0.31 1948430 BBG000DH7JK6 13703
COSTCO WHOLESALE CORP COST 0.30 1859650 BBG000F6H8W8 1945
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.29 1817070 BBG000N7QR55 10237
LAM RESH CORP LRCX 0.27 1660450 BBG000BNFLM9 5307
APPLIED MATERIALS INC AMAT 0.26 1601920 BBG000BBPFB9 3339
MEDTRONIC PLC MDT 0.26 1609250 BBG000BNWG87 17488
CLOROX COMPANY CLX 0.26 1629320 BBG000BFS7D3 15632
DIGITAL REALTY TRUST INC DLR 0.26 1638160 BBG000Q5ZRM7 8469
SIMON PROPERTY GROUP INC SPG 0.26 1628110 BBG000BJ2D31 7499
PUBLIC STORAGE PSA 0.25 1520200 BBG000BPPN67 4790
AO Smith Corp AOS 0.25 1555690 BBG000BC1L02 24899
NETFLIX INC NFLX 0.25 1563380 BBG000CL9VN6 19192
FRANKLIN RESOURCES INC BEN 0.25 1533050 BBG000BD0TF8 43789
STANLEY BLACK & DECKER INC SWK 0.25 1560350 BBG000BTQR96 15641
ABBVIE INC ABBV 0.25 1560050 BBG0025Y4RY4 5934
Barrick Mining Corp ABX 0.25 1523360 N/A 32412
AMCOR PLC COMMON STOCK USD.01 AMCR 0.25 1574200 N/A 33387
GENUINE PARTS CO GPC 0.24 1470500 BBG000BKL348 10542
KENVUE INC KVUE 0.24 1489950 BBG01C79X561 77521
Kimberly-Clark Corp KMB 0.24 1500840 BBG000BMW2Z0 13602
T ROWE PRICE GROUP INC TROW 0.24 1496800 BBG000BVMPN3 13299
Vivmark Residential VMRK 0.24 1496790 BBG000BG8M31 22396.9
HORMEL FOODS CORP HRL 0.23 1410100 BBG000BLF8D2 59473
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.22 1358930 BBG000PVRDL2 8710
PPG INDUSTRIES INC PPG 0.22 1353130 BBG000BRJ809 11826
EVERSOURCE ENERGY ES 0.22 1362520 BBG000BQ87N0 19011
International Business Machines Corporation IBM 0.22 1368650 BBG000BLNNH6 5954
Ventas Inc. VTR 0.22 1375950 BBG000FRVHB9 14716
GLENCORE PLC -UNSP ADR GLNCY 0.21 1319960 BBG001VKX1Z1 81681
PALO ALTO NETWORKS INC PANW 0.20 1218120 BBG0014GJCT9 3590
SPACE EXPLORATION TECH CORP A SPCX 0.20 1223300 BBG000NQF3Z5 8761
ILLINOIS TOOL WORKS ITW 0.19 1189150 BBG000BMBL90 4165
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.19 1162770 N/A 40304
ERIE INDEMNITY COMPANY-CL A ERIE 0.18 1089800 BBG000BBTJZ1 4236
NUCOR CORP NUE 0.17 1053420 BBG000BQ8KV2 4167
TEXAS INSTRUMENTS INC TXN 0.17 1071950 BBG000BVV7G1 4095
AMGEN INC AMGN 0.17 1023350 BBG000BBS2Y0 2324
LINDE PLC LIN 0.17 1041950 BBG01FND0CC1 2125
IRON MOUNTAIN INC IRM 0.16 996576 BBG000KCZPC3 8207
FRANCO-NEVADA CORP FNV 0.16 970820 BBG000TRN6Z1 3631
KLA CORPORATION KLAC 0.16 993601 BBG000BMTFR4 5405
SANDISK CORP/DE SNDKV SNDK 0.16 982087 BBG01R388JG1 655
EXTRA SPACE STORAGE INC EXR 0.15 927796 BBG000PV27K3 6439
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.15 905191 BBG00ZXBJ153 3693
T-MOBILE US INC TMUS 0.14 881346 BBG000NDV1D4 4907
QUALCOMM INC QCOM 0.13 789130 BBG000CGC1X8 4820
VALE SA-SP ADR VALE 0.13 780255 BBG000BN5LG7 51468
GILEAD SCIENCES INC GILD 0.13 814051 BBG000CKGBP2 5497
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.13 796434 BBG0113JGQF0 941
SHOPIFY INC - CLASS A SHOP 0.13 833358 BBG004DW5NB8 5545
Crowdstrike Holdings Inc. Class A CRWD 0.13 829744 BBG00BLYKS03 4386
VICI PROPERTIES INC REIT VICI 0.13 831766 BBG00HVVB499 31991
ANALOG DEVICES INC ADI 0.13 781524 BBG000BB6G37 2102
WESTERN DIGITAL CORP WDC 0.11 700976 BBG000BWNFZ9 1495
BOOKING HOLDINGS INC BKNG 0.11 706884 BBG000BLBVN4 3384
ASML HOLDING NV-NY REG SHS ASML 0.11 687782 BBG000K6MRN4 394
VERTEX PHARMACEUTICALS INC VRTX 0.10 617343 BBG000C1S2X2 1128
FASTENAL CO FAST 0.09 580552 BBG000BJ8YN7 11350
INTUITIVE SURGICAL INC ISRG 0.09 561557 BBG000BJPDZ1 1516
ESSEX PROPERTY TRUST INC ESS 0.09 543489 BBG000CGJMB9 1886
STARBUCKS CORP SBUX 0.09 554275 BBG000CTQBF3 5109
INVITATION HOMES INC REIT USD.01 INVH 0.09 540471 BBG00FQH6BS9 18082
Sun Communities Inc SUI 0.08 484178 BBG000BLJWF3 3866
ARM HOLDINGS PLC ARM 0.08 486052 BBG01J1GXZF0 1936
MID-AMERICA APARTMENT COMM MAA 0.08 471428 BBG000BLMY92 3585
FORTINET INC FTNT 0.08 468051 BBG000BCMBG4 2971
CADENCE DESIGN SYS INC CDNS 0.07 412995 BBG000C13CD9 1234
HOST HOTELS & RESORTS INC HST 0.07 426327 BBG000BL8804 19007
COMCAST CORP-CLASS A CMCSA 0.07 406613 BBG000BFT2L4 14949
CONSTELLATION ENERGY CORPORATION CEG 0.07 441642 BBG014KFRNP7 1580
DOORDASH INC CLASS A DASH 0.07 431923 BBG005D7QCJ3 1823
ADOBE SYSTEMS INC ADBE 0.07 459430 BBG000BB5006 1680
KIMCO REALTY CORP KIM 0.07 451380 BBG000CN3S73 18784
MONSTER BEVERAGE CORP MNST 0.07 414513 BBG008NVB1C0 8670
MERCADOLIBRE INC MELI 0.07 432998 BBG000GQPB11 222
APPLOVIN CORP APP 0.07 422419 BBG006HFPX77 1371
CSX CORP CSX 0.07 428780 BBG000BGJRC8 8284
W. P. CAREY REIT INC WPC 0.07 462973 BBG000BCQM58 6507
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 363694 BBG000D4LWF6 5772
Marriott International, Inc Class A MAR 0.06 400276 BBG000BGD7W6 1116
AIRBNB INC ABNB 0.06 370310 BBG001Y2XS07 1969
REGENERON PHARMACEUTICALS REGN 0.06 382951 BBG000C734W3 470
INTUIT INC INTU 0.06 393957 BBG000BH5DV1 1139
CINTAS CORP CTAS 0.06 359909 BBG000H3YXF8 1749
Datadog Inc. Class A DDOG 0.06 350384 BBG003NJHZT9 1539
PACCAR INC PCAR 0.05 289734 BBG000BQVTF5 2242
Warner Bros Discovery Inc WBD 0.05 328009 BBG011386VF4 11409
NXP Semiconductors NV NXPI 0.05 281392 BBG000BND699 1261
ROSS STORES INC ROST 0.05 336685 BBG000BSBZH7 1425
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.05 322561 BBG000B9ZXB4 2827
MCDONALDS CORP MCD 0.05 294424 BBG000BNSZP1 1103
CONSOLIDATED EDISON INC ED 0.05 295193 BBG000BHLYS1 2732
SYNOPSYS INC SNPS 0.05 317340 BBG000BSFRF3 774
OREILLY AUTOMOTIVE INC ORLY 0.05 299455 BBG000BGYWY6 3344
LUMENTUM HOLDINGS INC LITE 0.05 307063 BBG0073F9RT7 327
AMERICAN ELECTRIC POWER AEP 0.05 286195 BBG000BB9KF2 2320
HONEYWELL INTERNATIONAL INC HONIV HONIV 0.05 322178 BBG022XF4SZ9 1460
XCEL ENERGY INC XEL 0.04 236846 BBG000BCTQ65 3049
PAYPAL HOLDINGS INC PYPL 0.04 258242 BBG0077VNXV6 4178
ASTERA LABS INC ALAB 0.04 217435 BBG00TDKHW99 749
MONOLITHIC POWER SYSTEMS INC MPWR 0.04 271207 BBG000C30L48 208
Baker Hughes Company BKR 0.04 244838 BBG00GBVBK51 3949
TERADYNE INC TER 0.04 226938 BBG000BV4DR6 625
DIAMONDBACK ENERGY INC FANG 0.04 236011 BBG002PHSYX9 1181
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.04 253915 BBG00CMNZNK7 253915
AUTODESK INC ADSK 0.04 260120 BBG000BM7HL0 1021
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 235152 BBG00LBLDDR2 2711
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 237707 BBG00B6BFWH9 2181
HONEYWELL AEROSPACE INC HONAV HONAV 0.04 235190 BBG020QYV152 1434
PAYCHEX INC PAYX 0.03 191941 BBG000BQSQ38 1537
MICROCHIP TECHNOLOGY INC MCHP 0.03 175795 BBG000BHCP19 2374
ROPER TECHNOLOGIES INC ROP 0.03 188869 BBG000F1ZSN5 457
AXON ENTERPRISE INC AXON 0.03 207151 BBG000BHJWG1 341
Old Dominion Freight Line Inc. ODFL 0.03 168319 BBG000CHSS88 844
EXELON CORP EXC 0.03 173272 BBG000J6XT05 3899
IDEXX LABS IDXX 0.03 178208 BBG000BLRT07 322
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 172753 BBG000BS1YV5 740
KEURIG DR PEPPER INC KDP 0.03 184792 BBG000TJM7F0 5738
FERROVIAL SA FER 0.03 164049 BBG01H0DF657 2736.88
Nebius Group NV NBIS 0.03 201094 BBG001NVJ6W4 940
MICROSTRATEGY INC-CL A MSTR 0.03 156944 BBG000GQJPZ0 1274
ROCKET LAB CORP RKLB 0.03 181929 BBG01V7JN3F3 2749
THOMSON REUTERS CORP TRI 0.03 188303 N/A 1838
KRAFT HEINZ CO/THE KHC 0.02 114133 BBG005CPNTQ2 4604
WORKDAY INC-CLASS A WDAY 0.02 142490 BBG000VC0T95 747
ALNYLAM PHARMACEUTICALS INC ALNY 0.02 140054 BBG000BFGNJ5 586
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 128879 BBG01BFR8YV1 1758
COREWEAVE INC CRWV 0.02 145657 BBG011ZTRJ21 1655
COPART INC CPRT 0.02 134339 BBG000BM9RH1 4112
DEXCOM INC DXCM 0.02 127480 BBG000QTF8K1 1433
Cash & Other Cash&Other -0.01 -47718 N/A -47718

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.