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 06/09/2025
TICKER RAA
NET ASSETS $428M
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 $25.15
30 DAY MEDIAN BID-ASK SPREAD 0.000804

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 N/A N/A N/A N/A
RAA - Market Price N/A N/A N/A N/A
S&P 500 Index Total Return N/A N/A N/A N/A
1 MO 3 MO YTD Since Inception
RAA - NAV 3.00% - -0.25% - - - -0.68% -
RAA - Market Price 3.04% - -0.44% - - - -0.48% -
S&P 500 Index Total Return -6.29% - -0.37% - 1.06% - -0.39% -
RAA 2025
NAV N/A
MARKET PRICE N/A
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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

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 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Premium 0 0 0 23 43
Discount 0 0 0 0 4

Holdings

As of 06/09/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 19.09 81727000 BBG00RYR67P4 711102
Schwab High Yield Bond ETF SCYB 9.86 42229000 BBG01F80WX71 1617350
INVESCO OPTIMUM YIELD DIVERS PDBC 6.13 26259700 N/A 2021530
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 5.91 25293300 BBG000PWYVH7 311455
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 4.96 21239600 BBG000NXKWH0 234278
iM DBi Managed Futures Strategy ETF DBMF 4.95 21208300 N/A 837611
SCHWAB U.S. TIPS ETF SCHP 3.90 16699800 BBG000BGN6P5 636427
GRAYSCALE BITCN MINI TRU ETF BTC.UP 3.07 13161900 N/A 273466
Franklin FTSE Europe ETF FLEE 2.99 12804300 BBG00J3PR1S7 375390
SPROTT PHYSICAL GOLD TRUS PHYS 2.99 12782000 BBG000Q83F79 503623
ISHARES MSCI GLOBAL METALS & PICK 2.05 8785780 BBG002GKR8T5 230477
VANGUARD SMALL-CAP ETF VB 2.02 8639560 BBG000HT3Z79 36967
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.96 8410170 BBG01922X0X9 168608
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 1.95 8370350 BBG00PZFJPC3 270710
NVIDIA CORP NVDA 1.69 7257010 BBG000BBJQV0 50880
MICROSOFT CORP MSFT 1.66 7094090 BBG000BPH459 15006
APPLE INC AAPL 1.43 6139590 BBG000B9XRY4 30477
AMAZON.COM INC AMZN 1.09 4687640 BBG000BVPV84 21604
ISHARES MSCI EMR MRK EX CHNA EMXC 1.02 4364630 BBG00H5VLMJ6 71120
Franklin FTSE Japan ETF FLJP 0.98 4209800 BBG00J3MDY16 133011
Broadcom Inc. AVGO 0.90 3869150 BBG00KHY5S69 15839
META PLATFORMS INC META 0.72 3078160 BBG000MM2P62 4435
NETFLIX INC NFLX 0.60 2567690 BBG000CL9VN6 2097
Tesla Inc. TSLA 0.54 2315280 BBG000N9MNX3 7503
COSTCO WHOLESALE CORP COST 0.50 2133100 BBG000F6H8W8 2120
ALPHABET INC-CL A GOOGL 0.49 2097940 BBG009S39JX6 11914
ALPHABET INC-CL C GOOG 0.47 1994780 BBG009S3NB30 11230
PEPSICO INC PEP 0.40 1733410 BBG000DH7JK6 13338
Palantir Technologies Inc. Class A PLTR 0.33 1431000 BBG000N7QR55 10836
CHEVRON CORP CVX 0.31 1347070 BBG000K4ND22 9570
T-MOBILE US INC TMUS 0.31 1325860 BBG000NDV1D4 5572
CISCO SYSTEMS INC CSCO 0.31 1307920 BBG000C3J3C9 19847
LINDE PLC LIN 0.26 1105350 BBG01FND0CC1 2341
INTUIT INC INTU 0.25 1068600 BBG000BH5DV1 1398
ADVANCED MICRO DEVICES INC AMD 0.24 1006950 BBG000BBQCY0 8272
REALTY INCOME CORP O 0.23 968213 BBG000DHPN63 17043
ALBEMARLE CORP ALB 0.22 947209 BBG000BJ26K7 15204
INTUITIVE SURGICAL INC ISRG 0.22 937073 BBG000BJPDZ1 1781
TEXAS INSTRUMENTS INC TXN 0.21 919354 BBG000BVV7G1 4615
AMCOR PLC AMCR 0.21 914796 BBG00LNJRQ09 99651
ADOBE SYSTEMS INC ADBE 0.21 896208 BBG000BB5006 2153
OCCIDENTAL PETROLEUM CORP OXY 0.21 893079 BBG000BQQ2S6 20654
BOOKING HOLDINGS INC BKNG 0.21 886306 BBG000BLBVN4 160
CANADIAN NATURAL RESOURCES CNQ 0.20 877076 BBG000HW5GX3 27738
QUALCOMM INC QCOM 0.20 872316 BBG000CGC1X8 5613
SUNCOR ENERGY INC COMMON STOCK CAD 0 SU 0.20 870990 BBG000BRK7L6 23553
STANLEY BLACK & DECKER INC SWK 0.20 870974 BBG000BTQR96 12959
TARGET CORP TGT 0.20 869238 BBG000H8TVT2 8929
EXXON MOBIL CORP XOM 0.20 868102 BBG000GZQ728 8270
SCHLUMBERGER LTD SLB 0.20 866989 BBG000BT41Q8 25410
MEDTRONIC PLC MDT 0.20 866105 BBG000BNWG87 9904
T ROWE PRICE GROUP INC TROW 0.20 857479 BBG000BVMPN3 9028
ABBVIE INC ABBV 0.20 857651 BBG0025Y4RY4 4534
EVERSOURCE ENERGY ES 0.20 854961 BBG000BQ87N0 13025
FRANKLIN RESOURCES INC BEN 0.20 853911 BBG000BD0TF8 39027
ILLINOIS TOOL WORKS ITW 0.20 850890 BBG000BMBL90 3441
GENERAL DYNAMICS CORP GD 0.20 843022 BBG000BK67C7 3040
EQT CORP EQT 0.20 842056 BBG000BHZ5J9 15338
MARATHON PETROLEUM CORP MPC 0.20 842219 BBG001DCCGR8 5255
C.H. ROBINSON WORLDWIDE INC CHRW 0.20 840406 BBG000BTCH57 8778
ARCHER-DANIELS-MIDLAND CO ADM 0.20 836957 BBG000BB6WG8 17473
GENUINE PARTS CO GPC 0.19 833038 BBG000BKL348 6651
WILLIAMS COMPANIES INC. WMB 0.19 831899 BBG000BWVCP8 13944
J M Smucker Co COM STK NPV SJM 0.19 830934 BBG000BT1715 7429
Cheniere Energy Inc LNG 0.19 813770 BBG000C3HSR0 3557
International Business Machines Corporation IBM 0.19 802364 BBG000BLNNH6 2949
FIRST AMERICAN GOVERNMENT OBLI FIRST AM GOV OBLIG X FGXXX 0.18 775780 BBG00CMNZNK7 775780
AMGEN INC AMGN 0.18 760038 BBG000BBS2Y0 2621
HONEYWELL INTERNATIONAL INC HON 0.17 731586 BBG000H556T9 3221
APPLIED MATERIALS INC AMAT 0.16 704289 BBG000BBPFB9 4148
GILEAD SCIENCES INC GILD 0.16 704103 BBG000CKGBP2 6231
SHOPIFY INC - CLASS A SHOP 0.16 670193 BBG008HBD923 6217
COMCAST CORP-CLASS A CMCSA 0.15 642107 BBG000BFT2L4 18558
AUTOMATIC DATA PROCESSING ADP 0.15 637777 BBG000JG0547 2002
MICRON TECHNOLOGY INC MU 0.15 628199 BBG000C5Z1S3 5662
PALO ALTO NETWORKS INC PANW 0.15 627667 BBG0014GJCT9 3197
MERCADOLIBRE INC MELI 0.14 602356 BBG000GQPB11 246
APPLOVIN CORP APP 0.14 593813 BBG006HFPX77 1548
LAM RESH CORP LRCX 0.14 589844 BBG000BNFLM9 6680
PROLOGIS INC PLD 0.13 577547 BBG000B9Z0J8 5302
VERTEX PHARMACEUTICALS INC VRTX 0.13 570180 BBG000C1S2X2 1278
ANALOG DEVICES INC ADI 0.13 566873 BBG000BB6G37 2490
KLA CORPORATION KLAC 0.13 564746 BBG000BMTFR4 681
Crowdstrike Holdings Inc. Class A CRWD 0.12 528011 BBG00BLYKS03 1137
CINCINNATI FINANCIAL CORP CINF 0.12 524821 BBG000BFPK65 3523
STARBUCKS CORP SBUX 0.12 512739 BBG000CTQBF3 5655
WELLTOWER INC WELL 0.12 497225 BBG000BKY1G5 3308
MICROSTRATEGY INC-CL A MSTR 0.11 467015 BBG000GQJPZ0 1191
CONSTELLATION ENERGY CORPORATION CEG 0.11 465672 BBG014KFRNP7 1554
INTEL CORP INTC 0.11 456663 BBG000C0G1D1 22298
EQUINIX INC EQIX 0.11 451018 BBG000MBDGM6 497
CINTAS CORP CTAS 0.10 444483 BBG000H3YXF8 1979
MONDELEZ INTERNATIONAL INC-A MDLZ 0.10 427080 BBG000D4LWF6 6403
DOORDASH INC CLASS A DASH 0.10 421713 BBG005D7QCJ3 1939
CADENCE DESIGN SYS INC CDNS 0.10 406638 BBG000C13CD9 1348
HORMEL FOODS CORP HRL 0.09 394834 BBG000BLF8D2 12659
FORTINET INC FTNT 0.09 389435 BBG000BCMBG4 3815
SYNOPSYS INC SNPS 0.09 376785 BBG000BSFRF3 760
OREILLY AUTOMOTIVE INC ORLY 0.09 374772 BBG000BGYWY6 278
PAYPAL HOLDINGS INC PYPL 0.09 365323 BBG0077VNXV6 4967
Marriott International, Inc Class A MAR 0.09 363792 BBG000BGD7W6 1368
DIGITAL REALTY TRUST INC DLR 0.08 349120 BBG000Q5ZRM7 1976
ASML HOLDING NV-NY REG SHS ASML 0.08 346590 BBG000K6MRN4 450
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.08 341342 BBG00LBLDDR2 3359
REGENERON PHARMACEUTICALS REGN 0.08 332817 BBG000C734W3 643
SIMON PROPERTY GROUP INC SPG 0.07 317792 BBG000BJ2D31 1981
AUTODESK INC ADSK 0.07 316231 BBG000BM7HL0 1064
MONSTER BEVERAGE CORP MNST 0.07 303849 BBG008NVB1C0 4823
AIRBNB INC ABNB 0.07 299984 BBG001Y2XS07 2158
CSX CORP CSX 0.07 298917 BBG000BGJRC8 9347
ROPER TECHNOLOGIES INC ROP 0.07 298002 BBG000F1ZSN5 520
AXON ENTERPRISE INC AXON 0.07 290006 BBG000BHJWG1 370
CHARTER COMMUNICATIONS INC-A CHTR 0.07 280532 BBG000VPGNR2 711
PAYCHEX INC PAYX 0.07 279093 BBG000BQSQ38 1778
NXP Semiconductors NV NXPI 0.06 275726 BBG000BND699 1294
PUBLIC STORAGE PSA 0.06 272322 BBG000BPPN67 900
AMERICAN ELECTRIC POWER AEP 0.06 265491 BBG000BB9KF2 2618
CONSOLIDATED EDISON INC ED 0.06 261875 BBG000BHLYS1 2590
WORKDAY INC-CLASS A WDAY 0.06 260487 BBG000VC0T95 1030
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.06 247106 BBG00ZXBJ153 3574
PACCAR INC PCAR 0.06 245518 BBG000BQVTF5 2600
AO Smith Corp AOS 0.06 242270 BBG000BC1L02 3737
COPART INC CPRT 0.06 242325 BBG000BM9RH1 4832
FASTENAL CO FAST 0.06 238666 BBG000BJ8YN7 5665
ROSS STORES INC ROST 0.05 230868 BBG000BSBZH7 1624
VERISK ANALYTICS INC VRSK 0.05 218036 BBG000BCZL41 696
Zscaler Inc. ZS 0.05 208730 BBG003338H34 696
IDEXX LABS IDXX 0.05 206921 BBG000BLRT07 399
XCEL ENERGY INC XEL 0.05 193447 BBG000BCTQ65 2829
INVITATION HOMES INC REIT USD.01 INVH 0.04 187490 BBG00FQH6BS9 5649
VICI PROPERTIES INC REIT VICI 0.04 182290 BBG00HVVB499 5693
AVALONBAY COMMUNITIES INC AVB 0.04 179400 BBG000BLPBL5 867
EXTRA SPACE STORAGE INC EXR 0.04 177971 BBG000PV27K3 1183
ATLASSIAN CORP PLC-CLASS A TEAM 0.04 172852 BBG01BGWHFR5 804
KEURIG DR PEPPER INC KDP 0.04 166663 BBG000TJM7F0 5055
Ventas Inc. VTR 0.04 162076 BBG000FRVHB9 2587
Baker Hughes Company BKR 0.04 160679 BBG00GBVBK51 4192
DIAMONDBACK ENERGY INC FANG 0.04 158901 BBG002PHSYX9 1118
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.04 158896 BBG00B6BFWH9 1726
EXELON CORP EXC 0.04 150865 BBG000J6XT05 3575
IRON MOUNTAIN INC IRM 0.04 149907 BBG000KCZPC3 1481
ASTRAZENECA PLC-SPONS ADR AZN 0.03 145728 BBG000BZ0DK8 1996
Alexandria Real Estate Equitie ARE 0.03 144720 BBG000BC33T9 2017
COGNIZANT TECH SOLUTIONS-A CTSH 0.03 139535 BBG000BBDV81 1734
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.03 138232 BBG000BS1YV5 592
ELECTRONIC ARTS INC EA 0.03 137958 BBG000BP0KQ8 939
MICROCHIP TECHNOLOGY INC MCHP 0.03 137053 BBG000BHCP19 2014
EQUITY RESIDENTIAL EQR 0.03 132956 BBG000BG8M31 1918
Datadog Inc. Class A DDOG 0.03 129894 BBG003NJHZT9 1072
Old Dominion Freight Line Inc. ODFL 0.03 128470 BBG000CHSS88 792
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.03 125064 BBG01BFR8YV1 1745
MCDONALDS CORP MCD 0.03 117340 BBG000BNSZP1 385
TRADE DESK INC/THE -CLASS A TTD 0.03 115814 BBG00629NGT2 1620
DEXCOM INC DXCM 0.03 111213 BBG000QTF8K1 1298
COSTAR GROUP INC CSGP 0.03 111040 BBG000D7JKW9 1407
KRAFT HEINZ CO/THE KHC 0.03 109283 BBG005CPNTQ2 4127
LULULEMON ATHLETICA INC LULU 0.02 105429 BBG000R8ZVD1 407
Warner Bros Discovery Inc WBD 0.02 100341 BBG011386VF4 10529
ARM HOLDINGS PLC ARM 0.02 90373.7 BBG01J1GXZF0 652
UDR INC UDR 0.02 88352.4 BBG000C41023 2130
HEALTHPEAK PROPERTIES INC DOC 0.02 87921.6 BBG000BKYDP9 5091
ANSYS INC ANSS 0.02 85877.1 BBG000GXZ4W7 251
ON Semiconductor Corporation ON 0.02 85222.3 BBG000DV7MX4 1627
ESSEX PROPERTY TRUST INC ESS 0.02 78306.7 BBG000CGJMB9 276
Sun Communities Inc SUI 0.02 77824.6 BBG000BLJWF3 622
GLOBALFOUNDRIES INC GFS 0.02 77509.4 BBG000C2L5G9 2019
MID-AMERICA APARTMENT COMM MAA 0.02 73537 BBG000BLMY92 487
CDW CORP/DE CDW 0.02 70262.3 BBG001P63B80 396
BIOGEN INC BIIB 0.02 65733.5 BBG000C17X76 490
Kimberly-Clark Corp KMB 0.00 1061.52 BBG000BMW2Z0 8
NEXTERA ENERGY INC NEE 0.00 431.4 BBG000BJSBJ0 6

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.