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 03/10/2025
TICKER RAA
NET ASSETS $330M
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 $23.99
30 DAY MEDIAN BID-ASK SPREAD 0.001623

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 - - - -
RAA - Market Price - - - -
S&P 500 Index Total Return - - - -
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 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Premium 0 0 0 0 9
Discount 0 0 0 0 0

Holdings

As of 03/10/2025
Description Ticker Weight (%)** Market Value ($) FIGI Shares Held
ABBVIE INC ABBV 0.20 662113 BBG0025Y4RY4 3056
ADOBE SYSTEMS INC ADBE 0.32 1053760 BBG000BB5006 2422
ALPHABET INC-CL A GOOGL 0.69 2291990 BBG009S39JX6 13818
ALPHABET INC-CL C GOOG 0.68 2232040 BBG009S3NB30 13301
AMCOR PLC AMCR 0.21 694479 BBG00LNJRQ09 67688
ANSYS INC ANSS 0.03 109318 BBG000GXZ4W7 343
APPLOVIN CORP APP 0.12 402593 BBG006HFPX77 1691
ARM Holdings PLC ARM 0.02 69944.4 N/A 601
ASML HOLDING NV-NY REG SHS ASML 0.11 378443 BBG000K6MRN4 554
AXON ENTERPRISE INC AXON 0.05 160305 BBG000BHJWG1 311
Advanced Micro Devices Inc AMD 0.26 851117 N/A 8808
Aflac Inc AFL 0.13 413588 N/A 3874
Air Products and Chemicals Inc APD 0.00 9718.72 N/A 32
Airbnb Inc ABNB 0.11 357069 N/A 2702
Alexandria Real Estate Equities Inc ARE 0.03 114941 N/A 1125
Amazon.com Inc AMZN 1.51 4968940 N/A 25542
American Electric Power Co Inc AEP 0.09 301140 N/A 2806
Amgen Inc AMGN 0.28 916608 N/A 2800
Analog Devices Inc ADI 0.18 589092 N/A 2724
Apple Inc AAPL 2.24 7390820 N/A 32490
Applied Materials Inc AMAT 0.20 659806 N/A 4399
Archer-Daniels-Midland Co ADM 0.22 724887 N/A 14323
AstraZeneca PLC AZN 0.08 251071 N/A 3304
Atlassian Corp TEAM 0.05 179620 N/A 832
Autodesk Inc ADSK 0.08 278208 N/A 1120
Automatic Data Processing Inc ADP 0.20 660215 N/A 2179
AvalonBay Communities Inc AVB 0.07 240603 N/A 1112
BIOGEN INC BIIB 0.03 86959.7 BBG000C17X76 577
BNY MELLON US LARGE CAP CORE E BNY MELLON US LARGE CAP CORE BKLC 21.45 70750500 BBG00RYR67P4 661838
BOOKING HOLDINGS INC BKNG 0.23 761126 BBG000BLBVN4 171
Baker Hughes Company BKR 0.08 248895 BBG00GBVBK51 6047
Broadcom Inc. AVGO 1.10 3635320 BBG00KHY5S69 19709
C.H. ROBINSON WORLDWIDE INC CHRW 0.20 673749 BBG000BTCH57 6634
CADENCE DESIGN SYS INC CDNS 0.12 382759 BBG000C13CD9 1636
CANADIAN NATURAL RESOURCES CNQ 0.10 328726 BBG000HW5GX3 11583
CDW CORP/DE CDW 0.03 96959.7 BBG001P63B80 572
CHARTER COMMUNICATIONS INC-A CHTR 0.08 271923 BBG000VPGNR2 728
CHEVRON CORP CVX 0.23 748142 BBG000K4ND22 4748
CINCINNATI FINANCIAL CORP CINF 0.21 678731 BBG000BFPK65 4902
CINTAS CORP CTAS 0.14 452175 BBG000H3YXF8 2254
CISCO SYSTEMS INC CSCO 0.40 1307980 BBG000C3J3C9 21076
COCA-COLA EUROPEAN PARTNERS PLC COMMON STOCK CCEP 0.07 220508 BBG00B6BFWH9 2724
COGNIZANT TECH SOLUTIONS-A CTSH 0.07 235032 BBG000BBDV81 2798
COMCAST CORP-CLASS A CMCSA 0.22 737186 BBG000BFT2L4 20415
CONSOLIDATED EDISON INC ED 0.04 120206 BBG000BHLYS1 1127
CONSTELLATION ENERGY CORPORATION CEG 0.10 341330 BBG014KFRNP7 1688
COPART INC CPRT 0.09 291038 BBG000BM9RH1 5510
COSTAR GROUP INC CSGP 0.05 177001 BBG000D7JKW9 2215
COSTCO WHOLESALE CORP COST 0.72 2389290 BBG000F6H8W8 2557
CSX CORP CSX 0.11 352536 BBG000BGJRC8 11502
Cash & Other Cash&Other 0.22 713523 N/A 713523
Cheniere Energy Inc LNG 0.09 307664 BBG000C3HSR0 1435
Crowdstrike Holdings Inc. Class A CRWD 0.11 375265 BBG00BLYKS03 1215
DEXCOM INC DXCM 0.05 156220 BBG000QTF8K1 2209
DIAMONDBACK ENERGY INC FANG 0.07 229427 BBG002PHSYX9 1632
DIGITAL REALTY TRUST INC DLR 0.12 403978 BBG000Q5ZRM7 2774
DOORDASH INC CLASS A DASH 0.12 395561 BBG005D7QCJ3 2224
Datadog Inc. Class A DDOG 0.05 172398 BBG003NJHZT9 1696
ELECTRONIC ARTS INC EA 0.05 165567 BBG000BP0KQ8 1179
EQT CORP EQT 0.10 338699 BBG000BHZ5J9 7132
EQUINIX INC EQIX 0.22 712681 BBG000MBDGM6 858
EQUITY RESIDENTIAL EQR 0.07 230502 BBG000BG8M31 3252
ESSEX PROPERTY TRUST INC ESS 0.05 150158 BBG000CGJMB9 502
EVERSOURCE ENERGY ES 0.21 692638 BBG000BQ87N0 11215
EXELON CORP EXC 0.07 242212 BBG000J6XT05 5535
EXTRA SPACE STORAGE INC EXR 0.08 258873 BBG000PV27K3 1662
EXXON MOBIL CORP XOM 0.09 311363 BBG000GZQ728 2785
FASTENAL CO FAST 0.08 261425 BBG000BJ8YN7 3276
FIRST AMERN FDS INC GOVT OBLIGS X FGXXX 0.20 643798 BBG00CMNZNK7 643798
FRANKLIN RESOURCES INC BEN 0.21 683183 BBG000BD0TF8 34108
Fortinet Inc FTNT 0.13 423728 N/A 4412
Franklin FTSE Europe ETF FLEE 0.64 2118140 BBG00J3PR1S7 67629
GE HEALTHCARE TECHNOLOG-W/I GEHC 0.07 230813 BBG01BFR8YV1 2704
GENERAL DYNAMICS CORP GD 0.22 734782 BBG000BK67C7 2702
GENUINE PARTS CO GPC 0.21 703417 BBG000BKL348 5452
GILEAD SCIENCES INC GILD 0.26 848132 BBG000CKGBP2 7236
GLOBALFOUNDRIES INC GFS 0.03 110968 BBG000C2L5G9 2792
GRAYSCALE BITCN MINI TRU ETF BTC.UP 2.90 9581140 N/A 273825
HONEYWELL INTERNATIONAL INC HON 0.22 716725 BBG000H556T9 3352
HORMEL FOODS CORP HRL 0.22 716582 BBG000BLF8D2 23673
Harbor Scientific Alpha High-Yield ETF SIHY 0.43 1433810 BBG011S2KC93 31554
IDEXX LABS IDXX 0.04 145348 BBG000BLRT07 333
ILLINOIS TOOL WORKS ITW 0.19 639999 BBG000BMBL90 2391
INTEL CORP INTC 0.15 501538 BBG000C0G1D1 25165
INTUIT INC INTU 0.24 790240 BBG000BH5DV1 1363
INTUITIVE SURGICAL INC ISRG 0.28 915029 BBG000BJPDZ1 1896
INVESCO OPTIMUM YIELD DIVERS PDBC 1.02 3374700 N/A 254887
INVITATION HOMES INC REIT USD.01 INVH 0.05 169587 BBG00FQH6BS9 4950
IRON MOUNTAIN INC IRM 0.06 189485 BBG000KCZPC3 2272
ISHARES JPMORGAN USD EMERGING MARKETS BOND ETF EMB 2.63 8679720 BBG000NXKWH0 95518
ISHARES MSCI EMR MRK EX CHNA EMXC 1.05 3459180 BBG00H5VLMJ6 63658
ISHARES MSCI GLOBAL METALS & PICK 2.08 6864810 BBG002GKR8T5 189793
International Business Machines Corporation IBM 0.21 704163 BBG000BLNNH6 2741
J M Smucker Co COM STK NPV SJM 0.22 711265 BBG000BT1715 6074
KENVUE INC KVUE 0.21 696120 BBG01C79X561 29102
KEURIG DR PEPPER INC KDP 0.08 269268 BBG000TJM7F0 8275
KIMCO REALTY CORP KIM 0.04 128684 BBG000CN3S73 6050
KLA CORPORATION KLAC 0.15 487062 BBG000BMTFR4 718
KRAFT HEINZ CO/THE KHC 0.07 230470 BBG005CPNTQ2 7153
LAM RESH CORP LRCX 0.16 529587 BBG000BNFLM9 7175
LINDE PLC LIN 0.39 1291920 BBG01FND0CC1 2796
LULULEMON ATHLETICA INC LULU 0.06 192585 BBG000R8ZVD1 577
MARATHON PETROLEUM CORP MPC 0.09 301680 BBG001DCCGR8 2214
MARVELL TECHNOLOGY GROUP LTD MRVL MRVL 0.09 293348 BBG00ZXBJ153 4467
MCDONALDS CORP MCD 0.03 99299.2 BBG000BNSZP1 313
MEDTRONIC PLC MDT 0.20 673953 BBG000BNWG87 7185
MERCADOLIBRE INC MELI 0.16 534768 BBG000GQPB11 275
META PLATFORMS INC META 0.93 3083240 BBG000MM2P62 5156
MICROCHIP TECHNOLOGY INC MCHP 0.04 148110 BBG000BHCP19 2771
MICRON TECHNOLOGY INC MU 0.16 530578 BBG000C5Z1S3 6093
MICROSOFT CORP MSFT 1.97 6511380 BBG000BPH459 17128
MICROSTRATEGY INC-CL A MSTR 0.08 271093 BBG000GQJPZ0 1133
MID-AMERICA APARTMENT COMM MAA 0.05 152614 BBG000BLMY92 912
MONDELEZ INTERNATIONAL INC-A MDLZ 0.17 561624 BBG000D4LWF6 8241
MONGODB INC COMMON STOCK USD.001 MDB 0.01 31015 BBG0022FDRY8 172
MONSTER BEVERAGE CORP MNST 0.09 305954 BBG008NVB1C0 5486
Marriott International, Inc Class A MAR 0.11 373741 BBG000BGD7W6 1453
NETFLIX INC NFLX 0.66 2161500 BBG000CL9VN6 2494
NVIDIA CORP NVDA 1.88 6185900 BBG000BBJQV0 57823
NXP Semiconductors NV NXPI 0.07 244134 BBG000BND699 1169
OCCIDENTAL PETROLEUM CORP OXY 0.10 314707 BBG000BQQ2S6 6645
ON Semiconductor Corporation ON 0.03 98300.2 BBG000DV7MX4 2226
OREILLY AUTOMOTIVE INC ORLY 0.14 449758 BBG000BGYWY6 334
Old Dominion Freight Line Inc. ODFL 0.06 203242 BBG000CHSS88 1142
PACCAR INC PCAR 0.09 307357 BBG000BQVTF5 2780
PALO ALTO NETWORKS INC PANW 0.18 580940 BBG0014GJCT9 3342
PAYCHEX INC PAYX 0.08 265620 BBG000BQSQ38 1719
PAYPAL HOLDINGS INC PYPL 0.12 411550 BBG0077VNXV6 6038
PDD HOLDINGS INC ADR USD 0.00002 PDD 0.14 447488 BBG00LBLDDR2 3870
PEPSICO INC PEP 0.50 1642030 BBG000DH7JK6 10509
PPG INDUSTRIES INC PPG 0.21 692384 BBG000BRJ809 6037
PROLOGIS INC PLD 0.28 908424 BBG000B9Z0J8 7707
PUBLIC STORAGE PSA 0.12 409248 BBG000BPPN67 1305
Palantir Technologies Inc. Class A PLTR 0.30 976977 BBG000N7QR55 12791
QUALCOMM INC QCOM 0.29 948013 BBG000CGC1X8 6117
REALTY INCOME CORP O 0.31 1032170 BBG000DHPN63 17647
REGENERON PHARMACEUTICALS REGN 0.13 422319 BBG000C734W3 567
ROPER TECHNOLOGIES INC ROP 0.10 328000 BBG000F1ZSN5 569
ROSS STORES INC ROST 0.07 222226 BBG000BSBZH7 1682
SCHLUMBERGER LTD SLB 0.10 338952 BBG000BT41Q8 8239
SCHWAB LONG TERM U.S. TREASURY SCHWAB LONG TERM US TREASURY SCHQ 6.21 20470300 BBG00PZFJPC3 625047
SCHWAB U.S. TIPS ETF SCHP 3.12 10286900 BBG000BGN6P5 386724
SIMON PROPERTY GROUP INC SPG 0.13 416035 BBG000BJ2D31 2517
SPROTT PHYSICAL GOLD TRUS PHYS 4.24 13995800 BBG000Q83F79 622591
STANLEY BLACK & DECKER INC SWK 0.20 671396 BBG000BTQR96 7743
STARBUCKS CORP SBUX 0.19 613829 BBG000CTQBF3 6070
SYNOPSYS INC SNPS 0.11 349038 BBG000BSFRF3 812
Schwab High Yield Bond ETF SCYB 8.29 27340400 BBG01F80WX71 1044720
Sun Communities Inc SUI 0.03 83572.4 BBG000BLJWF3 635
Suncor Energy Inc. SU 0.10 314486 BBG000BC1LY5 8819
T-MOBILE US INC TMUS 0.49 1632040 BBG000NDV1D4 6121
TAKE-TWO INTERACTIVE SOFTWRE TTWO 0.05 179314 BBG000BS1YV5 888
TEXAS INSTRUMENTS INC TXN 0.31 1021590 BBG000BVV7G1 5478
TRADE DESK INC/THE -CLASS A TTD 0.05 165249 BBG00629NGT2 2740
Tesla Inc. TSLA 0.59 1950480 BBG000N9MNX3 8780
UDR INC UDR 0.04 123292 BBG000C41023 2785
US TREASURY 3 MONTH BILL ETF US TREASURY 3 MONTH BILL ETF TBIL 1.04 3429940 BBG01922X0X9 68750
VANGUARD FTSE EUROPE ETF VGK 1.44 4746120 BBG000HT8SM3 66370
VANGUARD INTERMEDIATE-TERM CORPORATE BOND ETF VCIT 7.27 23992200 BBG000PWYVH7 294094
VANGUARD SMALL-CAP ETF VB 1.96 6450800 BBG000HT3Z79 28965
VERISK ANALYTICS INC VRSK 0.08 272074 BBG000BCZL41 913
VERTEX PHARMACEUTICALS INC VRTX 0.19 630513 BBG000C1S2X2 1261
VICI PROPERTIES INC REIT VICI 0.08 269280 BBG00HVVB499 8250
Ventas Inc. VTR 0.07 222783 BBG000FRVHB9 3300
WELLTOWER INC WELL 0.22 727637 BBG000BKY1G5 4977
WILLIAMS COMPANIES INC. WMB 0.09 299703 BBG000BWVCP8 5548
WORKDAY INC-CLASS A WDAY 0.08 269244 BBG000VC0T95 1108
Warner Bros Discovery Inc WBD 0.05 149912 BBG011386VF4 14156
XCEL ENERGY INC XEL 0.07 226913 BBG000BCTQ65 3272
Zscaler Inc. ZS 0.06 198778 BBG003338H34 1021
iM DBi Managed Futures Strategy ETF DBMF 2.01 6626070 N/A 266214

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.