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 06/08/2026
TICKER RAA
NET ASSETS $594M
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 $29.81
30 DAY MEDIAN BID-ASK SPREAD 0.000665

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 6.72% -3.97% 4.53% 0.68% 7.44% 0.68% 17.36% 11.92%
RAA - Market Price 6.81% -3.98% 4.39% 0.63% 7.28% 0.63% 17.22% 11.89%
S&P 500 Index Total Return 10.49% -4.98% 4.19% -4.33% 5.70% -4.33% 19.15% 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 06/08/2026

NET ASSET VALUE

$29.81

CLOSING PRICE

$29.81

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 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2
Premium 54 47 39 35 32
Discount 5 13 16 8 8

Asset Allocation

As of 6/8/2026

Equities

41.80%
Nasdaq
16.82%
US Large Cap
14.95%
Dividend Payers
3.07%
Japan
2.01%
US Small Cap
2.01%
Emerging Ex. China
1.94%
Europe
1.00%

Fixed Income

19.31%
High Yield
6.06%
Corporate Bonds
4.03%
Emerging Mkt Bonds
4.03%
TIPS
3.01%
T-Bills
1.17%
Long Term Treasuries
1.01%

Alternatives

38.89%
Commodities
10.22%
Managed Futures
10.17%
Energy
5.21%
Gold
4.81%
Miners
3.83%
Bitcoin
2.63%
Real Estate
2.02%

Holdings

As of 06/08/2026
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 14.95 88760100 BBG00RYR67P4 626085
INVESCO OPTIMUM YIELD DIVERS PDBC 10.22 60670800 N/A 3443290
iM DBi Managed Futures Strategy ETF DBMF 9.15 54348900 N/A 1760570
SCHWAB HIGH YIELD BOND ETF SCYB 6.06 35971800 BBG01F80WX71 1381940
SPROTT PHYSICAL GOLD TRUS PHYS 4.81 28567000 BBG000Q83F79 876825
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.03 23933900 BBG000NXKWH0 251195
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 4.03 23931100 BBG000PWYVH7 292199
SCHWAB U.S. TIPS ETF SCHP 3.01 17901300 BBG000BGN6P5 677565
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.63 15616200 N/A 557125
VANGUARD SMALL-CAP ETF VB 2.01 11926600 BBG000HT3Z79 41217
Franklin FTSE Japan ETF FLJP 2.01 11927000 BBG00J3MDY16 303794
ISHARES MSCI EMR MRK EX CHNA EMXC 1.94 11512600 BBG00H5VLMJ6 119698
NVIDIA CORP NVDA 1.39 8256300 BBG000BBJQV0 39572
APPLE INC AAPL 1.23 7309630 BBG000B9XRY4 24241
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.02 6062350 BBG01922X0X9 121490
Simplify DBi CTA Managed Futures Index ETF SDMF 1.02 6038950 BBG020BR8WR7 235345
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.01 5970170 BBG00PZFJPC3 194468
Franklin FTSE Europe ETF FLEE 1.00 5915820 BBG00J3PR1S7 154098
MICROSOFT CORP MSFT 0.82 4859360 BBG000BPH459 11802
MICRON TECHNOLOGY INC MU 0.78 4617300 BBG000C5Z1S3 4864
BHP GROUP LTD BHP 0.75 4466650 BBG000BD5NZ4 53365
AMAZON.COM INC AMZN 0.73 4344810 BBG000BVPV84 17718
CHEVRON CORP CVX 0.62 3699260 BBG000K4ND22 19548
ADVANCED MICRO DEVICES INC AMD 0.62 3664240 BBG000BBQCY0 7473
ALPHABET INC-CL A GOOGL 0.59 3532100 BBG009S39JX6 9722
Tesla Inc. TSLA 0.57 3379150 BBG000N9MNX3 8263
ALPHABET INC-CL C GOOG 0.55 3277260 BBG009S3NB30 9074
MARATHON PETROLEUM CORP MPC 0.54 3228380 BBG001DCCGR8 12129
Cheniere Energy Inc LNG 0.53 3167260 BBG000C3HSR0 13386
EXXON MOBIL CORP XOM 0.53 3160650 BBG000GZQ728 20828
CANADIAN NATURAL RESOURCES CNQ 0.52 3117220 BBG000HW5GX3 67341
OCCIDENTAL PETROLEUM CORP OXY 0.52 3081040 BBG000BQQ2S6 53602
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.52 3085400 BBG000BRK7L6 48781
SCHLUMBERGER LTD SLB 0.52 3116640 BBG000BT41Q8 55113
WILLIAMS COMPANIES INC. WMB 0.51 3026320 BBG000BWVCP8 42273
Broadcom Inc. AVGO 0.51 2999880 BBG00KHY5S69 7564
EQT CORP EQT 0.49 2912200 BBG000BHZ5J9 54968
META PLATFORMS INC META 0.48 2868410 BBG000MM2P62 4900
WAL-MART STORES INC WMT 0.46 2746980 BBG000BWXBC2 22924
NEWMONT GOLDCORP CORPORATION COM NEM 0.45 2668370 BBG000BPWXK1 26956
INTEL CORP INTC 0.43 2552530 BBG000C0G1D1 23148
RIO TINTO PLC-SPON ADR RIO 0.43 2573010 BBG000FD28T3 25493
CISCO SYSTEMS INC CSCO 0.37 2194970 BBG000C3J3C9 17680
COSTCO WHOLESALE CORP COST 0.35 2059650 BBG000F6H8W8 2113
FREEPORT-MCMORAN INC FCX 0.33 1946440 BBG000BJDB15 30456
AGNICO EAGLE MINES LTD AEM 0.33 1981630 BBG000DLVDK3 12224
GLENCORE PLC -UNSP ADR GLNCY 0.32 1881870 BBG001VKX1Z1 119332
LAM RESH CORP LRCX 0.31 1831520 BBG000BNFLM9 5645
APPLIED MATERIALS INC AMAT 0.30 1770340 BBG000BBPFB9 3597
NETFLIX INC NFLX 0.27 1592800 BBG000CL9VN6 19274
REALTY INCOME CORP O 0.26 1537340 BBG000DHPN63 25618
Barrick Mining Corp. B 0.26 1520200 N/A 38525
WELLTOWER INC WELL 0.25 1461200 BBG000BKY1G5 7306
PROLOGIS INC PLD 0.24 1447650 BBG000B9Z0J8 10139
AUTOMATIC DATA PROCESSING ADP 0.23 1351540 BBG000JG0547 5900
PALANTIR TECHNOLOGIES INC. CLASS A PLTR 0.22 1307250 BBG000N7QR55 9579
NUCOR CORP NUE 0.21 1233300 BBG000BQ8KV2 4867
WHEATON PRECIOUS METALS CORP COMMON STOCK WPM 0.21 1221300 BBG000PVRDL2 10632
TEXAS INSTRUMENTS INC TXN 0.21 1218290 BBG000BVV7G1 4188
KLA CORPORATION KLAC 0.21 1243760 BBG000BMTFR4 590
ANGLO AMERICAN PLC SPONS ADR ADR NGL 0.21 1272770 N/A 49294
EQUINIX INC EQIX 0.20 1207270 BBG000MBDGM6 1136
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.20 1160020 BBG00ZXBJ153 4016
LINDE PLC LIN 0.18 1060060 BBG01FND0CC1 2112
SANDISK CORP/DE SNDKV SNDK 0.18 1073870 BBG01R388JG1 654
FRANCO-NEVADA CORP FNV 0.17 1024140 BBG000RD3CL8 4769
QUALCOMM INC QCOM 0.17 1012410 BBG000CGC1X8 4649
MEDTRONIC PLC MDT 0.17 982159 BBG000BNWG87 12172
CLOROX COMPANY CLX 0.16 938563 BBG000BFS7D3 9863
PALO ALTO NETWORKS INC PANW 0.16 927361 BBG0014GJCT9 3482
VALE SA-SP ADR VALE 0.16 943276 BBG000BN5LG7 62927
ILLINOIS TOOL WORKS ITW 0.16 923243 BBG000BMBL90 3658
PEPSICO INC PEP 0.15 884314 BBG000DH7JK6 6286
KENVUE INC KVUE 0.15 913179 BBG01C79X561 52033
Kimberly-Clark Corp KMB 0.15 896270 BBG000BMW2Z0 9169
HORMEL FOODS CORP HRL 0.15 914513 BBG000BLF8D2 38685
FRANKLIN RESOURCES INC BEN 0.15 912696 BBG000BD0TF8 29076
EVERSOURCE ENERGY ES 0.15 865560 BBG000BQ87N0 12712
STANLEY BLACK & DECKER INC SWK 0.15 892729 BBG000BTQR96 11368
T ROWE PRICE GROUP INC TROW 0.15 911826 BBG000BVMPN3 8647
T-MOBILE US INC TMUS 0.15 902320 BBG000NDV1D4 5057
AMCOR PLC COMMON STOCK USD.01 AMCR 0.15 880866 N/A 23291
ANALOG DEVICES INC ADI 0.15 909156 BBG000BB6G37 2251
AMGEN INC AMGN 0.14 850496 BBG000BBS2Y0 2460
SEAGATE TECHNOLOGY-ORDINARY SHARES STX 0.14 860111 BBG0113JGQF0 981
SIMON PROPERTY GROUP INC SPG 0.14 845996 BBG000BJ2D31 4125
GENUINE PARTS CO GPC 0.13 761417 BBG000BKL348 7844
WESTERN DIGITAL CORP WDC 0.13 801460 BBG000BWNFZ9 1521
AO Smith Corp AOS 0.13 777567 BBG000BC1L02 13563
PPG INDUSTRIES INC PPG 0.13 759682 BBG000BRJ809 6730
DIGITAL REALTY TRUST INC DLR 0.13 755194 BBG000Q5ZRM7 4146
International Business Machines Corporation IBM 0.13 763830 BBG000BLNNH6 2720
ABBVIE INC ABBV 0.13 785430 BBG0025Y4RY4 3521
APPLOVIN CORP APP 0.13 772819 BBG006HFPX77 1371
PUBLIC STORAGE PSA 0.12 735082 BBG000BPPN67 2363
GILEAD SCIENCES INC GILD 0.12 726968 BBG000CKGBP2 5675
Crowdstrike Holdings Inc. Class A CRWD 0.12 696341 BBG00BLYKS03 1057
ASML HOLDING NV-NY REG SHS ASML 0.12 685624 BBG000K6MRN4 392
Ventas Inc. VTR 0.11 630192 BBG000FRVHB9 7915
INTUITIVE SURGICAL INC ISRG 0.11 673125 BBG000BJPDZ1 1608
J M Smucker Co COM STK NPV SJM 0.11 650310 BBG000BT1715 6390
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.11 673510 BBG00CMNZNK7 673510
HONEYWELL INTERNATIONAL INC HON 0.10 603418 BBG000H556T9 2849
SHOPIFY INC - CLASS A SHOP 0.10 590457 BBG008HBD923 5330
IRON MOUNTAIN INC IRM 0.10 591565 BBG000KCZPC3 4790
BOOKING HOLDINGS INC BKNG 0.10 581846 BBG000BLBVN4 3585
ERIE INDEMNITY COMPANY-CL A ERIE 0.09 525118 BBG000BBTJZ1 2347
VERTEX PHARMACEUTICALS INC VRTX 0.09 508075 BBG000C1S2X2 1147
STARBUCKS CORP SBUX 0.09 505865 BBG000CTQBF3 5335
CADENCE DESIGN SYS INC CDNS 0.08 482944 BBG000C13CD9 1225
Marriott International, Inc Class A MAR 0.08 475575 BBG000BGD7W6 1215
VICI PROPERTIES INC REIT VICI 0.08 472650 BBG00HVVB499 17250
EXTRA SPACE STORAGE INC EXR 0.08 484735 BBG000PV27K3 3343
FORTINET INC FTNT 0.08 453866 BBG000BCMBG4 3173
FASTENAL CO FAST 0.07 431296 BBG000BJ8YN7 9376
COMCAST CORP-CLASS A CMCSA 0.07 394131 BBG000BFT2L4 16588
EQUITY RESIDENTIAL EQR 0.07 437441 BBG000BG8M31 6496
ADOBE SYSTEMS INC ADBE 0.07 424813 BBG000BB5006 1734
CONSTELLATION ENERGY CORPORATION CEG 0.07 412352 BBG014KFRNP7 1645
MONSTER BEVERAGE CORP MNST 0.07 394665 BBG008NVB1C0 4461
CSX CORP CSX 0.07 411035 BBG000BGJRC8 8725
SYNOPSYS INC SNPS 0.07 419503 BBG000BSFRF3 886
AVALONBAY COMMUNITIES INC AVB 0.07 434505 BBG000BLPBL5 2316
MONDELEZ INTERNATIONAL INC-A MDLZ 0.06 357280 BBG000D4LWF6 5800
MONOLITHIC POWER SYSTEMS INC MPWR 0.06 349256 BBG000C30L48 224
NXP Semiconductors NV NXPI 0.06 351732 BBG000BND699 1168
MERCADOLIBRE INC MELI 0.06 372370 BBG000GQPB11 231
INTUIT INC INTU 0.06 365695 BBG000BH5DV1 1197
OREILLY AUTOMOTIVE INC ORLY 0.06 344863 BBG000BGYWY6 3874
Cash & Other Cash&Other 0.05 304252 N/A 304252
LUMENTUM HOLDINGS INC LITE 0.05 297273 BBG0073F9RT7 332
PACCAR INC PCAR 0.05 284374 BBG000BQVTF5 2401
Warner Bros Discovery Inc WBD 0.05 302473 BBG011386VF4 11427
Baker Hughes Company BKR 0.05 290872 BBG00GBVBK51 4486
ESSEX PROPERTY TRUST INC ESS 0.05 310482 BBG000CGJMB9 1101
REGENERON PHARMACEUTICALS REGN 0.05 286718 BBG000C734W3 469
DOORDASH INC CLASS A DASH 0.05 273262 BBG005D7QCJ3 1792
ROSS STORES INC ROST 0.05 319808 BBG000BSBZH7 1409
INVITATION HOMES INC REIT USD.01 INVH 0.05 301233 BBG00FQH6BS9 10253
CINTAS CORP CTAS 0.05 322806 BBG000H3YXF8 1859
Datadog Inc. Class A DDOG 0.05 324584 BBG003NJHZT9 1401
AMERICAN ELECTRIC POWER AEP 0.05 320475 BBG000BB9KF2 2528
XCEL ENERGY INC XEL 0.04 219742 BBG000BCTQ65 2831
Sun Communities Inc SUI 0.04 241447 BBG000BLJWF3 1976
MICROCHIP TECHNOLOGY INC MCHP 0.04 225775 BBG000BHCP19 2471
HOST HOTELS & RESORTS INC HST 0.04 255813 BBG000BL8804 10467
Old Dominion Freight Line Inc. ODFL 0.04 228978 BBG000CHSS88 927
ARM HOLDINGS PLC ARM 0.04 214069 BBG01J1GXZF0 618
EXELON CORP EXC 0.04 214995 BBG000J6XT05 4799
AIRBNB INC ABNB 0.04 253535 BBG001Y2XS07 1886
MID-AMERICA APARTMENT COMM MAA 0.04 255236 BBG000BLMY92 1861
KIMCO REALTY CORP KIM 0.04 243297 BBG000CN3S73 10037
FERROVIAL SE FER 0.04 216216 BBG01H7CZ9S9 3275
AUTODESK INC ADSK 0.04 219189 BBG000BM7HL0 974
DIAMONDBACK ENERGY INC FANG 0.04 256068 BBG002PHSYX9 1292
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.04 240507 BBG00LBLDDR2 2911
W. P. CAREY REIT INC WPC 0.04 240929 BBG000BCQM58 3258
ELECTRONIC ARTS INC EA 0.04 225755 BBG000BP0KQ8 1111
PAYCHEX INC PAYX 0.03 154315 BBG000BQSQ38 1560
PAYPAL HOLDINGS INC PYPL 0.03 172921 BBG0077VNXV6 4191
ROPER TECHNOLOGIES INC ROP 0.03 154860 BBG000F1ZSN5 464
AXON ENTERPRISE INC AXON 0.03 170995 BBG000BHJWG1 363
IDEXX LABS IDXX 0.03 203705 BBG000BLRT07 363
AIR PRODUCTS & CHEMICALS INC APD 0.03 179624 BBG000BC4JJ4 649
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 177267 BBG000BS1YV5 834
KEURIG DR PEPPER INC KDP 0.03 192895 BBG000TJM7F0 6273
ABBOTT LABORATORIES COMMON STOCK USD 0 ABT 0.03 191588 BBG000B9ZXB4 2117
ALNYLAM PHARMACEUTICALS INC ALNY 0.03 181431 BBG000BFGNJ5 621
MCDONALDS CORP MCD 0.03 179446 BBG000BNSZP1 646
CONSOLIDATED EDISON INC ED 0.03 178892 BBG000BHLYS1 1715
MICROSTRATEGY INC-CL A MSTR 0.03 172483 BBG000GQJPZ0 1356
THOMSON REUTERS CORP TRI 0.03 157515 N/A 1893.67
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.03 202120 BBG00B6BFWH9 2122
INSMED INC INSM 0.02 90309 BBG000BWM5P3 959
KRAFT HEINZ CO/THE KHC 0.02 128448 BBG005CPNTQ2 5501
COGNIZANT TECH SOLUTIONS-A CTSH 0.02 110431 BBG000BBDV81 2084
VERISK ANALYTICS INC VRSK 0.02 117404 BBG000BCZL41 656
Zscaler Inc. ZS 0.02 117359 BBG003338H34 908
COPART INC CPRT 0.02 135753 BBG000BM9RH1 4399
WORKDAY INC-CLASS A WDAY 0.02 121333 BBG000VC0T95 844
DEXCOM INC DXCM 0.02 126423 BBG000QTF8K1 1650
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.02 137294 BBG01BFR8YV1 2123
CHARTER COMMUNICATIONS INC-A CHTR 0.01 78659 BBG000VPGNR2 595

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.