RAA

SMI 3FOURTEEN REAL ASSET ALLOCATION ETF

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 03/18/2026
TICKER RAA
NET ASSETS $538M
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 $27.80
30 DAY MEDIAN BID-ASK SPREAD 0.000707

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 1.99% 0.22% 5.06% 2.57% 4.84% - 17.62% 12.32%
RAA - Market Price 1.98% 0.23% 5.04% 2.59% 4.80% - 17.60% 12.36%
S&P 500 Index Total Return -0.76% 0.06% 0.74% 2.65% 0.68% - 16.88% 16.19%
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 03/18/2026

NET ASSET VALUE

$27.80

CLOSING PRICE

$27.81

PREMIUM/DISCOUNT

0.04%
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 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Premium 23 54 47 39 31
Discount 0 5 13 16 6

Asset Allocation

As of 3/18/2026

Equities

44.55%
Nasdaq
18.25%
US Large Cap
15.01%
Dividend Payers
4.62%
US Small Cap
1.97%
Emerging Ex. China
1.88%
Japan
1.88%
Europe
0.94%

Fixed Income

31.60%
Corporate Bonds
9.07%
High Yield
8.12%
Emerging Mkt Bonds
4.99%
Long Term Treasuries
4.96%
TIPS
3.08%
T-Bills
1.38%

Alternatives

23.85%
Managed Futures
7.11%
Miners
4.31%
Energy
4.18%
Gold
3.78%
Commodities
2.43%
Real Estate
2.04%
Bitcoin
0.00%

Holdings

As of 03/18/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 15.01 80763100 BBG00RYR67P4 637637
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 9.07 48792900 BBG000PWYVH7 589927
SCHWAB HIGH YIELD BOND ETF SCYB 8.12 43689600 BBG01F80WX71 1680370
iM DBi Managed Futures Strategy ETF DBMF 7.11 38228400 N/A 1240780
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.99 26860000 BBG000NXKWH0 284655
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 4.96 26704700 BBG00PZFJPC3 846693
SPROTT PHYSICAL GOLD TRUS PHYS 3.78 20356200 BBG000Q83F79 556790
SCHWAB U.S. TIPS ETF SCHP 3.08 16574500 BBG000BGN6P5 618221
INVESCO OPTIMUM YIELD DIVERS PDBC 2.43 13065500 N/A 748311
VANGUARD SMALL-CAP ETF VB 1.97 10594700 BBG000HT3Z79 40353
ISHARES MSCI EMR MRK EX CHNA EMXC 1.88 10134400 BBG00H5VLMJ6 127022
Franklin FTSE Japan ETF FLJP 1.88 10121500 BBG00J3MDY16 280997
NVIDIA CORP NVDA 1.63 8769600 BBG000BBJQV0 48612
APPLE INC AAPL 1.36 7331990 BBG000B9XRY4 29335
MICROSOFT CORP MSFT 1.07 5780080 BBG000BPH459 14753
ISHARES MSCI GLOBAL METALS & PICK 1.05 5666260 BBG002GKR8T5 103380
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.03 5562470 BBG01922X0X9 111383
Franklin FTSE Europe ETF FLEE 0.94 5061460 BBG00J3PR1S7 140479
AMAZON.COM INC AMZN 0.81 4363620 BBG000BVPV84 20792
Tesla Inc. TSLA 0.72 3894810 BBG000N9MNX3 9916
META PLATFORMS INC META 0.67 3596800 BBG000MM2P62 5842
ALPHABET INC-CL A GOOGL 0.65 3483360 BBG009S39JX6 11321
CHEVRON CORP CVX 0.62 3310630 BBG000K4ND22 16669
ALPHABET INC-CL C GOOG 0.60 3222580 BBG009S3NB30 10521
WAL-MART STORES INC WMT 0.58 3119640 BBG000BWXBC2 25575
Broadcom Inc. AVGO 0.54 2928040 BBG00KHY5S69 9268
MICRON TECHNOLOGY INC MU 0.52 2818860 BBG000C5Z1S3 6105
MARATHON PETROLEUM CORP MPC 0.50 2693370 BBG001DCCGR8 11401
BHP GROUP LTD BHP 0.49 2616030 BBG000BD5NZ4 38302
CANADIAN NATURAL RESOURCES CNQ 0.47 2510530 BBG000HW5GX3 51131
Cheniere Energy Inc LNG 0.47 2523500 BBG000C3HSR0 9479
OCCIDENTAL PETROLEUM CORP OXY 0.46 2471460 BBG000BQQ2S6 42334
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.45 2444680 BBG000BRK7L6 39443
ISHARES MSCI GLOBAL GOLD MIN RING 0.44 2375920 BBG002GKR6T9 31001
EQT CORP EQT 0.43 2295930 BBG000BHZ5J9 36145
COSTCO WHOLESALE CORP COST 0.43 2304770 BBG000F6H8W8 2352
EXXON MOBIL CORP XOM 0.43 2319250 BBG000GZQ728 14717
WILLIAMS COMPANIES INC. WMB 0.40 2162160 BBG000BWVCP8 29700
SCHLUMBERGER LTD SLB 0.37 1973140 BBG000BT41Q8 43538
NETFLIX INC NFLX 0.36 1917770 BBG000CL9VN6 20251
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.35 1880290 BBG000N7QR55 12308
REALTY INCOME CORP O 0.34 1813280 BBG000DHPN63 28764
NEWMONT GOLDCORP CORPORATION COM NEM 0.34 1812990 BBG000BPWXK1 17017
ADVANCED MICRO DEVICES INC AMD 0.33 1782970 BBG000BBQCY0 8939
FREEPORT-MCMORAN INC FCX 0.33 1795750 BBG000BJDB15 32385
AUTOMATIC DATA PROCESSING ADP 0.33 1802040 BBG000JG0547 8652
AGNICO EAGLE MINES LTD AEM 0.31 1655590 BBG000DLVDK3 8443
CISCO SYSTEMS INC CSCO 0.30 1639770 BBG000C3J3C9 21131
RIO TINTO PLC-SPON ADR RIO 0.29 1536770 BBG000FD28T3 17519
APPLIED MATERIALS INC AMAT 0.28 1507260 BBG000BBPFB9 4313
WELLTOWER INC WELL 0.28 1491460 BBG000BKY1G5 7129
LAM RESH CORP LRCX 0.28 1532520 BBG000BNFLM9 6820
FASTENAL CO FAST 0.26 1392570 BBG000BJ8YN7 30891
TARGET CORP TGT 0.26 1415350 BBG000H8TVT2 12302
EVERSOURCE ENERGY ES 0.25 1335800 BBG000BQ87N0 18364
KENVUE INC KVUE 0.24 1277930 BBG01C79X561 72983
AIR PRODUCTS & CHEMICALS INC APD 0.24 1278770 BBG000BC4JJ4 4544
T ROWE PRICE GROUP INC TROW 0.24 1299090 BBG000BVMPN3 14845
PROLOGIS INC PLD 0.24 1270670 BBG000B9Z0J8 9685
Kimberly-Clark Corp KMB 0.23 1235680 BBG000BMW2Z0 12517
HORMEL FOODS CORP HRL 0.23 1225090 BBG000BLF8D2 53945
LINDE PLC LIN 0.23 1211650 BBG01FND0CC1 2480
FRANKLIN RESOURCES INC BEN 0.23 1251460 BBG000BD0TF8 52871
ILLINOIS TOOL WORKS ITW 0.23 1250250 BBG000BMBL90 4795
ABBVIE INC ABBV 0.23 1258580 BBG0025Y4RY4 6041
T-MOBILE US INC TMUS 0.23 1222160 BBG000NDV1D4 5915
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.22 1161630 BBG00CMNZNK7 1161630
PEPSICO INC PEP 0.21 1113630 BBG000DH7JK6 7253
INTEL CORP INTC 0.21 1156010 BBG000C0G1D1 25672
GENUINE PARTS CO GPC 0.21 1108320 BBG000BKL348 11004
STANLEY BLACK & DECKER INC SWK 0.21 1129860 BBG000BTQR96 16229
Barrick Mining Corp. B 0.21 1156590 N/A 28586
AMCOR PLC COMMON STOCK USD.01 AMCR 0.21 1141850 N/A 28653.8
KLA CORPORATION KLAC 0.20 1050990 BBG000BMTFR4 709
FRANCO-NEVADA CORP FNV 0.19 1012500 BBG000RD3CL8 4161
GLENCORE PLC -UNSP ADR GLNCY 0.19 1020100 BBG001VKX1Z1 74081
EQUINIX INC EQIX 0.19 1004710 BBG000MBDGM6 1032
MEDTRONIC PLC MDT 0.19 1031870 BBG000BNWG87 11832
CLOROX COMPANY CLX 0.19 1038720 BBG000BFS7D3 9624
International Business Machines Corporation IBM 0.19 1021750 BBG000BLNNH6 4061
TEXAS INSTRUMENTS INC TXN 0.18 950466 BBG000BVV7G1 4982
AMGEN INC AMGN 0.18 994337 BBG000BBS2Y0 2829
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.17 925198 BBG000PVRDL2 7186
INTUITIVE SURGICAL INC ISRG 0.17 914375 BBG000BJPDZ1 1914
GILEAD SCIENCES INC GILD 0.17 911886 BBG000CKGBP2 6454
SHOPIFY INC - CLASS A SHOP 0.16 857959 BBG008HBD923 6933
VALE SA-SP ADR VALE 0.16 855178 BBG000BN5LG7 58215
HONEYWELL INTERNATIONAL INC HON 0.15 780578 BBG000H556T9 3395
ANALOG DEVICES INC ADI 0.15 816838 BBG000BB6G37 2647
QUALCOMM INC QCOM 0.14 767033 BBG000CGC1X8 5879
PALO ALTO NETWORKS INC PANW 0.14 745062 BBG0014GJCT9 4411
BOOKING HOLDINGS INC BKNG 0.14 762362 BBG000BLBVN4 174
DIGITAL REALTY TRUST INC DLR 0.14 729359 BBG000Q5ZRM7 4076
APPLOVIN CORP APP 0.14 743075 BBG006HFPX77 1679
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.14 734146 N/A 35812
SIMON PROPERTY GROUP INC SPG 0.13 721050 BBG000BJ2D31 3797
INTUIT INC INTU 0.12 653207 BBG000BH5DV1 1462
ASML HOLDING NV-NY REG SHS ASML 0.12 639640 BBG000K6MRN4 472
PUBLIC STORAGE PSA 0.11 598206 BBG000BPPN67 2155
CONSTELLATION ENERGY CORPORATION CEG 0.11 609697 BBG014KFRNP7 1922
VERTEX PHARMACEUTICALS INC VRTX 0.11 590680 BBG000C1S2X2 1308
STARBUCKS CORP SBUX 0.11 566616 BBG000CTQBF3 6115
Crowdstrike Holdings Inc. Class A CRWD 0.11 612313 BBG00BLYKS03 1405
Ventas Inc. VTR 0.10 558388 BBG000FRVHB9 6394
WESTERN DIGITAL CORP WDC 0.10 560101 BBG000BWNFZ9 1837
CINCINNATI FINANCIAL CORP CINF 0.10 539073 BBG000BFPK65 3365
COMCAST CORP-CLASS A CMCSA 0.10 553315 BBG000BFT2L4 19367
ADOBE SYSTEMS INC ADBE 0.10 546366 BBG000BB5006 2221
Marriott International, Inc Class A MAR 0.09 482490 BBG000BGD7W6 1496
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.09 473074 BBG0113JGQF0 1163
VICI PROPERTIES INC REIT VICI 0.09 457359 BBG00HVVB499 16541
CADENCE DESIGN SYS INC CDNS 0.08 415923 BBG000C13CD9 1436
REGENERON PHARMACEUTICALS REGN 0.08 404057 BBG000C734W3 543
MERCADOLIBRE INC MELI 0.08 452990 BBG000GQPB11 268
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.08 408660 BBG00ZXBJ153 4664
SYNOPSYS INC SNPS 0.08 437243 BBG000BSFRF3 1020
MONDELEZ INTERNATIONAL INC-A MDLZ 0.07 388288 BBG000D4LWF6 6876
Warner Bros Discovery Inc WBD 0.07 367037 BBG011386VF4 13420
IRON MOUNTAIN INC IRM 0.07 375060 BBG000KCZPC3 3547
EQUITY RESIDENTIAL EQR 0.07 366761 BBG000BG8M31 6128
EXTRA SPACE STORAGE INC EXR 0.07 400382 BBG000PV27K3 2936
DOORDASH INC CLASS A DASH 0.07 360668 BBG005D7QCJ3 2186
ROSS STORES INC ROST 0.07 367401 BBG000BSBZH7 1773
CINTAS CORP CTAS 0.07 394060 BBG000H3YXF8 2125
CSX CORP CSX 0.07 400404 BBG000BGJRC8 10101
MONSTER BEVERAGE CORP MNST 0.07 384972 BBG008NVB1C0 5196
AVALONBAY COMMUNITIES INC AVB 0.07 363283 BBG000BLPBL5 2187
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.07 365513 BBG00LBLDDR2 3629
OREILLY AUTOMOTIVE INC ORLY 0.07 387635 BBG000BGYWY6 4419
AMERICAN ELECTRIC POWER AEP 0.07 369204 BBG000BB9KF2 2819
PACCAR INC PCAR 0.06 324458 BBG000BQVTF5 2829
Baker Hughes Company BKR 0.06 299068 BBG00GBVBK51 5203
AIRBNB INC ABNB 0.06 301861 BBG001Y2XS07 2302
FORTINET INC FTNT 0.06 344984 BBG000BCMBG4 4137
CONSOLIDATED EDISON INC ED 0.06 303693 BBG000BHLYS1 2675
XCEL ENERGY INC XEL 0.05 250062 BBG000BCTQ65 3125
EXELON CORP EXC 0.05 258858 BBG000J6XT05 5256
MONOLITHIC POWER SYSTEMS INC MPWR 0.05 280651 BBG000C30L48 261
ESSEX PROPERTY TRUST INC ESS 0.05 264956 BBG000CGJMB9 1074
NXP Semiconductors NV NXPI 0.05 265141 BBG000BND699 1376
MID-AMERICA APARTMENT COMM MAA 0.05 259022 BBG000BLMY92 2059
JOHNSON & JOHNSON JNJ 0.05 265754 BBG000BMHYD1 1120
INVITATION HOMES INC REIT USD.01 INVH 0.05 263078 BBG00FQH6BS9 10540
AUTODESK INC ADSK 0.05 272831 BBG000BM7HL0 1098
FERROVIAL SE FER 0.05 249973 BBG01H7CZ9S9 3887
MCDONALDS CORP MCD 0.05 258267 BBG000BNSZP1 818
DIAMONDBACK ENERGY INC FANG 0.05 287745 BBG002PHSYX9 1517
ELECTRONIC ARTS INC EA 0.05 271225 BBG000BP0KQ8 1352
Sun Communities Inc SUI 0.04 216212 BBG000BLJWF3 1635
ROPER TECHNOLOGIES INC ROP 0.04 199950 BBG000F1ZSN5 570
AO Smith Corp AOS 0.04 230920 BBG000BC1L02 3607
MICROCHIP TECHNOLOGY INC MCHP 0.04 195748 BBG000BHCP19 3025
PAYPAL HOLDINGS INC PYPL 0.04 220631 BBG0077VNXV6 4948
AXON ENTERPRISE INC AXON 0.04 214041 BBG000BHJWG1 421
Old Dominion Freight Line Inc. ODFL 0.04 201740 BBG000CHSS88 1105
Omega Healthcare Investors Inc OHI 0.04 214798 BBG000BGBTC2 4546
PPG INDUSTRIES INC PPG 0.04 228771 BBG000BRJ809 2270
IDEXX LABS IDXX 0.04 241236 BBG000BLRT07 418
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.04 203607 BBG000BS1YV5 997
KIMCO REALTY CORP KIM 0.04 214333 BBG000CN3S73 9380
THOMSON REUTERS CORP COMMON STOCK TRI 0.04 233154 N/A 2483
KEURIG DR PEPPER INC KDP 0.04 197800 BBG000TJM7F0 7307
ALNYLAM PHARMACEUTICALS INC ALNY 0.04 215008 BBG000BFGNJ5 683
MICROSTRATEGY INC-CL A MSTR 0.04 205639 BBG000GQJPZ0 1463
Datadog Inc. Class A DDOG 0.04 237056 BBG003NJHZT9 1806
W. P. CAREY REIT INC WPC 0.04 205811 BBG000BCQM58 2941
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 236165 BBG00B6BFWH9 2458
INSMED INC INSM 0.03 164961 BBG000BWM5P3 1156
PAYCHEX INC PAYX 0.03 172216 BBG000BQSQ38 1900
KRAFT HEINZ CO/THE KHC 0.03 144050 BBG005CPNTQ2 6524
COGNIZANT TECH SOLUTIONS-A CTSH 0.03 162120 BBG000BBDV81 2689
VERISK ANALYTICS INC VRSK 0.03 146752 BBG000BCZL41 718
Zscaler Inc. ZS 0.03 152402 BBG003338H34 977
CHARTER COMMUNICATIONS INC-A CHTR 0.03 142329 BBG000VPGNR2 681
COPART INC CPRT 0.03 166617 BBG000BM9RH1 5049
WORKDAY INC-CLASS A WDAY 0.03 159806 BBG000VC0T95 1208
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.03 176468 BBG01BFR8YV1 2512
DEXCOM INC DXCM 0.03 148243 BBG000QTF8K1 2191
COSTAR GROUP INC CSGP 0.02 97342.4 BBG000D7JKW9 2258
ATLASSIAN CORP PLC-CLASS A TEAM 0.01 70457.7 BBG01BGWHFR5 959
ASTRAZENECA PLC AZNCF 0.00 565.26 BBG000D3MHB4 3
Cash & Other Cash&Other -0.16 -878389 N/A -878389

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.