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”).
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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.
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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 ...
TICKER
RAA
NET ASSETS
$...
TYPE
Active Equity ETF
CUSIP
26923N 397
ISIN
US26923N3970
PRIMARY EXCHANGE
NASDAQ
INCEPTION DATE
2/20/2025
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 DAY MEDIAN BID-ASK SPREAD
N/A
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 MO
3 MO
YTD
Since Inception
FCTE - NAV
3.02%
0.54%
-
10.58%
FCTE - Market Price
2.84%
0.43%
-
10.52%
S&P 500 Index Total Return
5.87%
7.15%
-
11.09%
As of 11/30/24
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.
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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.
Number of Days | Column 1 |
|---|---|
As of ...
Holdings
Description | Ticker | Weight (%)** | Market Value ($) | FIGI | Shares Held |
|---|---|---|---|---|---|
**Holdings are subject to change.
How To Invest
Buy Through Your Brokerage
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.
844-328-3383
View More Information About Our Firm: FINRA's BrokerCheck
ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETFs net asset value. Brokerage commissions and ETF expenses will reduce returns. Investing involves risk; Principal loss is possible. Investments in large-capitalization company stocks individually or as a group could fall out of favor with the equity markets, causing the Fund to underperform investments that focus on mid- or small-capitalization company stocks. Equity securities such as stocks tend to be more volatile than other investment choices. Because the Fund is non-diversified, the Fund may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers could cause a Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio. The fund is new and has a limited operating history.
Distributor: Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with SMI Advisory Services or 3Fourteen Research.
The Advisor to the Fund is 3Fourteen & SMI Advisory Services, LLC, which is a joint venture owned by 3Fourteen Research, LLC and SMI Advisory Services, LLC.
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Information for Non-U.S. Investors:
The products and services described on this web site are intended to be made available only to persons in the United States or as otherwise qualified and permissible under local law. The information on this web site is only for such persons. Nothing on this web site shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.
Not FDIC Insured. No Bank Guarantee. May Lose Value
*The Adviser has contractually agreed to waive its management fee up to a maximum of 4 basis points (bps) to the extent necessary to offset the proportionate share of Acquired Fund Fees and Expenses (“AFFE”) incurred by the Fund.
Before investing, consider the funds' investment objectives, risks, charges and expenses. To obtain a prospectus or summary prospectus which contains this and other information, call 1-844-328-3383, download a prospectus now, or talk to your financial advisor. Read it carefully before investing.