SMI 3Fourteen REAL Asset Allocation ETF
$30.27−0.20 (−0.66%)
- Expense ratio
- 0.85%
- Fund size
- $608M
- 1Y return
- +15.0%
- Yield · Last 12 months
- 2.05%
- Holdings
- 183
- Volume · 30D
- 0M sh
- NAV per share
- $30.17
- 52W range
The ETF.net RAA Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 19Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 59Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 74Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 81Category rank
Our read on RAA
BMost 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.
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
- Three sleeves, not two. Stocks, bonds and alternatives, with allocations reassessed monthly and rebalanced when the model moves.
- The alternatives bucket has real range: commodities, gold, energy equities and managed futures, including strategies that can short bonds.sec.gov
- Trend-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.
- Stays close to the mandate written in its filings, and stands among the stronger entries in a crowded allocation field. Pays quarterly.
Worth knowing
- 0.85% 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.
- Discretionary by design. The allocation comes from a proprietary model, not a published index you can look up and track yourself.
- Young 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
- Other
- 183
- 58%
- BKLC
Geography
- United States90.85%
- Canada6.17%
- Australia0.81%
- United Kingdom0.67%
- Switzerland0.56%
- Ireland0.35%
- Netherlands0.22%
- Brazil0.15%
- 0.21%
RAA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | RAA |
|---|---|
| Year to date | +11.9% |
| 1 month | +0.3% |
| 3 months | +2.8% |
| 1 year | +15.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | RAA |
|---|---|---|
| 2026 YTD | +11.9% | |
| 2025 | +12.1% |
RAA in the news
ETF.net Research hasn’t filed on RAA yet — coverage lands here as it’s written.
RAA Dividends
- 2.05%
- $0.62
- $0.13 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 17, 2026 | $0.13 |
| Jun 17, 2026 | Jun 18, 2026 | $0.10 |
| Mar 18, 2026 | Mar 19, 2026 | $0.05 |
| Dec 24, 2025 | Dec 26, 2025 | $0.35 |
| Sep 17, 2025 | Sep 18, 2025 | $0.13 |
| Jun 17, 2025 | Jun 18, 2025 | $0.11 |
RAA Risk
- 9.5%
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.
- 1.22
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.
- −11.8%
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.
- 0.66
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
- The middle half of Multi-Asset Allocation funds
- Median 0.58%
29 of the 37 Multi-Asset Allocation funds charge less.