SMI 3Fourteen REAL Asset Allocation ETF (RAA)

SMI 3Fourteen REAL Asset Allocation ETF (RAA) is an exchange-traded fund in the Moderate Allocation category. It has $626.12M in assets, an expense ratio of 0.90% and a 2.09% dividend yield. The fund is actively managed and allocates its portfolio assets among three asset categories – stocks, bonds, and alternatives. Portfolio assets are chosen using the REAL Asset Allocation (“RAA”) strategy developed by an affiliate of the Adviser, 3Fourteen Research, LLC. The RAA strategy is based on a proprietary model that dynamically allocates the portfolio into three broad categories of asset classes: Stocks, Bonds, and Alternatives. The fund is non-diversified.