Skip to content
etf.net

Launched

SMI 3Fourteen REAL Asset Allocation ETF

RAANasdaqC

$30.37+0.01 (+0.05%)

At close: Oct 13, 2026, 4:00 PM

C53/ 100

Rank 18 of 37 in Multi-Asset Allocation

C53/100Rank 18 of 37inMulti-Asset Allocation
Intraday session: up, 35 prints from 30.36 to 30.37. Range 30.31 to 30.39. Use the arrow keys to read each point.30.3230.3410 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$613M
1Y total return
+15.1%
Yield · Last 12 months
2.06%
Holdings
181
Avg volume · 30D
0M sh
NAV per share
$30.35
52W range
low $26.68high $30.74
Launched

The ETF.net RAA Grade

C

Score 53 out of 100

Category
Multi-Asset Allocation⁠
Rank
18 of 37
Six-pillar profile for RAA. Scores out of 100: Cost 19, Risk 62, Mission 83, Tradability 45, Holdings 74, Durability 69. Strongest: Mission (83). Weakest: Cost (19). Leans toward Mission.

Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F19 out of 100
    Rank 30 of 37

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A83 out of 100
    Rank 8 of 29

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B62 out of 100
    Rank 10 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C45 out of 100
    Rank 23 of 37

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 8 of 33

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B69 out of 100
    Rank 9 of 37

Our read on RAA

ETF.net Research

CMost allocation ETFs pick a stock/bond mix and coast. RAA runs a model that rechecks the split monthly and can pivot into alternatives: gold, commodities, energy shares, even managed futures.

Stated mandate

The actively managed fund uses the proprietary REAL Asset Allocation strategy to dynamically divide assets among stocks, bonds, and alternatives, reassessing allocations monthly and rebalancing as the model changes.

Why people hold it

  1. 01Three sleeves, not two. Stocks, bonds and alternatives, with allocations reassessed monthly and rebalanced when the model moves.
  2. 02The alternatives bucket has real range: commodities, gold, energy equities and managed futures, including strategies that can short bonds.sec.gov
  3. 03Trend-following at its core. The mix follows the model's read of conditions rather than a fixed 60/40 or a birthday-based glide path.
  4. 04Stays close to the mandate written in its filings, and stands among the stronger entries in a crowded allocation field. Pays quarterly.

Worth knowing

  1. 010.85% a year is above the typical allocation ETF and far above index-built rivals such as AOA (0.19%) and NTSX (0.20%). Active tilting is the thing you're paying for.
  2. 02Discretionary by design. The allocation comes from a proprietary model, not a published index you can look up and track yourself.
  3. 03Young fund, short live record. There isn't yet a full market cycle to show how the model handles a real regime change.sec.gov

RAA Holdings

As of Oct 12, 2026
Asset class
Other
Holdings
181
Top-10 weight
60%
Largest holding
BKLC15.1%

Geography

  • United States93.13%
  • Canada4.23%
  • Australia0.85%
  • United Kingdom0.69%
  • Switzerland0.36%
  • Netherlands0.23%
  • Brazil0.16%
  • Ireland0.14%
  • Other countries (2)0.20%
The fund’s holdings, weight-ordered — page 1 of 13.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001BKLCBny Mellon Us Large Cap Core E Bny Mellon Us Large Cap Core15.08%1,868,420$92M6
002PDBCInvesco Optimum Yield Divers10.08%3,145,540$62M7
003SCHQSchwab Long Term U.s. Treasury Schwab Long Term Us Treasury7.94%1,711,640$49M2
004SCYBSchwab High Yield Bond Etf5.96%1,451,700$37M3
005VCITVanguard Intermediate-Term Corporate Bond Etf5.96%465,572$37M9
006EMBIshares JPMorgan USD Emerging Markets Bond Etf3.96%267,106$24M3
007DBMFiM DBi Managed Futures Strategy ETF3.53%657,156$22M11
008VBVanguard Morningstar Small-Cap ETF2.99%63,735$18M9
009SCHPSchwab U.s. Tips Etf2.98%725,574$18M10
010TBILUs Treasury 3 Month Bill Etf Us Treasury 3 Month Bill Etf1.98%243,814$12M3
011PHYSSprott Physical Gold Trus1.97%388,235$12M3
012EMXCIshares Msci Emr Mrk Ex Chna1.96%122,628$12M4
013NVDANVIDIA Corp1.49%39,561$9M847
014SDMFSimplify DBi CTA Managed Futures Index ETF1.46%327,340$9M1
015AAPLApple Inc1.32%23,695$8M715

Showing 1–15 of 181 holdings

RAA Performance

Launched Feb 26, 2025

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
RAA$11,509
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. RAA $11,509. SPY $12,044. Use the arrow keys to read each point.$9,582$10,912$12,243Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for RAA. Periods over one year show the average yearly return.
PeriodRAA
Year to date+11.5%
1 month+0.4%
3 months+3.1%
1 year+15.1%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for RAA
YearReturn barRAA
2026 YTD+11.5%
2025+12.1%

Since listing, Feb 26, 2025

RAA in the news

Filtered to RAA · Multi-Asset Allocation

RAA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
2.06%Last 12 months
Payout per share
$0.62Last 12 months
Last payment
$0.13 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2025–2026

One bar per payment. 6 payments from 2025 to 2026 YTD. Jun 17, 2025 $0.11; Sep 17, 2025 $0.13; Dec 24, 2025 $0.35; Mar 18, 2026 $0.05; Jun 17, 2026 $0.10; Sep 16, 2026 $0.13. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Sep 16, 2026Sep 17, 2026$0.13
Jun 17, 2026Jun 18, 2026$0.10
Mar 18, 2026Mar 19, 2026$0.05
Dec 24, 2025Dec 26, 2025$0.35
Sep 17, 2025Sep 18, 2025$0.13
Jun 17, 2025Jun 18, 2025$0.11

RAA Risk

How much the fund’s monthly returns vary, scaled to a year.
9.5%
Annualised · 19 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.04
vs 3-month T-bills · 19 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.8%
19 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.67
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

RAA Cost

Expense ratio0.85%
  • The middle half of Multi-Asset Allocation funds
  • Median 0.58%

29 of the 37 Multi-Asset Allocation funds charge less.

RAA costs $85.00 a year on $10,000. The median Multi-Asset Allocation fund costs $58.00.

Other funds in Multi-Asset Allocation

See others