SMI 3Fourteen REAL Asset Allocation ETF (RAA US)
RAA US$30.33
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Performance
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Share price activity
Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
- Last (Price)
- 30.33
- Change
- ▲ 0.06 (0.21)
- Bid / Ask
- 24.75 - 41.17
- Volume
- 414
- Turnover
- 9,089
- Open
- 30.30
- Day Range
- 30.30 - 30.33
- VWAP
- 30.30
- Prev Close
- 30.27
- Last Trade
- 28/10 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$610.9M
OCT 2026
Distributions
Quarterly
Since inception
1.7 yrs
FEB 2025
- Legal name
- SMI 3Fourteen REAL Asset Allocation ETF
- Issuer
- 3fourteensmi
- Type
- Exchange-Traded Fund
- Structure
- Open Ended Investment Company
- Management style
- Actively managed
- Morningstar category
- Moderate Allocation
- Category index
- Morningstar Mod Tgt Risk TR USD
- Benchmark
- N/A
- ETF net assets
- $610.9M
- Units on issue
- 20.3M
- Management fee
- 0.81% p.a.
- Domicile
- United States
- Base currency
- USD
- Inception
- 25 FEB 2025
- Listed
- 26 FEB 2025
Objective and strategy
Stocks, Bonds, and Alternatives. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 43.91%Non-US equity 8.28%
| Asset class | Net % | Long % | Short % |
|---|---|---|---|
| Equity | 52.18 | 52.18 | 0.00 |
| Bond | 28.37 | 28.37 | 0.00 |
| Cash | 10.96 | 11.04 | 0.08 |
| Other | 8.48 | 11.37 | 2.89 |
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 27.79%Sensitive 59.54%Defensive 12.68%
- Basic Materials
- 8.83%
- Consumer Cyclical
- 7.81%
- Financial Services
- 6.11%
- Real Estate
- 5.03%
- Communication Services
- 7.08%
- Energy
- 12.40%
- Industrials
- 6.64%
- Technology
- 33.41%
- Consumer Defensive
- 5.10%
- Healthcare
- 6.04%
- Utilities
- 1.54%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 98.14%Emerging markets 1.86%
- North America
- 88.51%
- Latin America
- 0.83%
- United Kingdom
- 1.80%
- Europe Developed
- 2.31%
- Europe Emerging
- 0.11%
- Africa / Middle East
- 0.32%
- Japan
- 1.83%
- Australasia
- 1.48%
- Asia Developed
- 2.10%
- Asia Emerging
- 0.72%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
- United States
- 84.14%
- Canada
- 4.37%
- Japan
- 1.83%
- United Kingdom
- 1.80%
- Australia
- 1.48%
- Taiwan
- 1.26%
- Switzerland
- 0.87%
- South Korea
- 0.83%
- Brazil
- 0.67%
- India
- 0.50%
- Netherlands
- 0.43%
- Germany
- 0.25%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
- Style
- Large Blend
- Average moat
- Moderate
Size score
261
Small
Mid
Large
Value-growth score
139
Value
Blend
Growth
Economic moat
Wide 50%Narrow 28%None 22%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
- Giant
- 39.66%
- Large
- 32.07%
- Mid
- 22.53%
- Small
- 5.06%
- Micro
- 0.69%
Giant 40%Large 32%Mid 23%Small 5%Micro 1%
- Average market cap
- $252.07B
- Number of holdings
- 181
- Shares held
- 163
Portfolio statistics · 22 OCT 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
- Price / earnings
- 22.31
- Price / book
- 4.17
- Price / sales
- 3.01
- Price / cash flow
- 14.90
- Dividend yield
- 1.47%
- Assets in top 10
- 61.37%
- Return on equity
- 30.89%
- Net margin
- 23.57%
- Earnings growth (3 yr)
- 13.75%
Top holdings · top 10 = 57.49% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
| Holding | % Weight | First bought | Market value | Currency | Units held | Sector | Country | |
|---|---|---|---|---|---|---|---|---|
| BNY Mellon US Large Cap Core Equity ETF | 15.22 | — | 95.3M | USD | 1.9M | — | United States | |
| Invesco Optm Yd Dvrs Cdty Stra No K1 ETF PDBC | 7.35 | — | 46.0M | USD | 2.4M | — | United States | |
| Vanguard Interm-Term Corp Bd ETF VCIT | 6.87 | — | 43.0M | USD | 549,479 | — | United States | |
| Schwab High Yield Bond ETF | 5.90 | — | 37.0M | USD | 1.5M | — | United States | |
| Schwab US TIPS ETF™ SCHP | 3.95 | — | 24.7M | USD | 982,996 | — | United States | |
| iShares JP Morgan USD Em Mkts Bd ETF EMB | 3.90 | — | 24.4M | USD | 268,605 | — | United States | |
| Vanguard MStar Small Cap ETF VB | 3.87 | — | 24.2M | USD | 85,180 | — | United States | |
| iMGP DBi Managed Futures Strategy ETF DBMF | 3.79 | — | 23.7M | USD | 728,946 | — | United States | |
| Sprott Physical Gold Trust | 3.76 | — | 23.5M | USD | 752,680 | — | Canada | |
| Schwab Long-Term US Treasury ETF SCHQ | 2.89 | — | 18.1M | USD | 635,987 | — | United States |
Trailing returns · 30 SEP 2026
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV) Market price
1M
-1.5
3M
1.9
6M
9.1
YTD
9.8
1Y
12.6
| Period | Fund (NAV) % | Market price % | Before fees % | Rank in category |
|---|---|---|---|---|
| 1 month | -1.52 | -1.48 | -1.45 | 33 / 486 |
| 3 months | 1.86 | 1.86 | 2.06 | 6 / 485 |
| 6 months | 9.06 | 9.15 | 9.48 | 27 / 484 |
| Year to date | 9.80 | 9.84 | 10.43 | 9 / 483 |
| 1 year | 12.62 | 12.68 | 13.48 | 10 / 482 |
Returns to 30 SEP 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Risk statistics · 30 SEP 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Alpha | 4.43 | — | — | — |
| Beta | 0.93 | — | — | — |
| R-squared | 77.90 | — | — | — |
| Standard deviation | 10.32 | — | — | — |
| Sharpe ratio | 0.83 | — | — | — |
| Sortino ratio | 1.53 | — | — | — |
| Tracking error | 4.91 | — | — | — |
| Information ratio | 0.91 | — | — | — |
| Upside capture % | 101.84 | — | — | — |
| Downside capture % | 61.14 | — | — | — |
| Maximum drawdown % | -3.91 | — | — | — |
Measured against Morningstar Mod Tgt Risk TR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 30 SEP 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
43.1
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
- Best quarter
- 8.28% · JUL 2025
- Worst quarter
- -0.06% · MAY 2025
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
- Management fees and costs
- 0.81% p.a.
- PDS dated
- 30 APR 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
- Latest distribution
- 0.1252
- Ex Date
- 16 SEP 2026
- Record Date
- 16 SEP 2026
- Pay Date
- 17 SEP 2026
- NAV at ex date
- 29.92
- Paid this year
- 0.2777
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
0.6
| Year | Per unit ($) |
|---|---|
| 2024 | 0.5880 |
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
| Ex Date | Per unit ($) |
|---|---|
| 16 SEP 2026 | 0.1252 |
| 17 JUN 2026 | 0.0989 |
| 18 MAR 2026 | 0.0537 |
| 24 DEC 2025 | 0.3464 |
| 17 SEP 2025 | 0.1285 |
| 17 JUN 2025 | 0.1131 |
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
Below Average
ESG risk score
20.51
Negligible
Low
Medium
High
Severe
Category average 19.53
- Rank in category
- 79th percentile of 5,959 funds
- Environmental risk
- 6.83
- Social risk
- 7.57
- Governance risk
- 4.40
- Portfolio covered
- 94.3%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
- Negligible
- 1.66%
- Low
- 58.78%
- Medium
- 28.27%
- High
- 6.58%
- Severe
- 4.71%
7.92% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
10.73
Low
Medium
High
Severe
Category average 8.94
- Carbon risk
- Medium Risk
- Rank in category
- 67th percentile of 1,400 funds
- Fossil fuel involvement
- 15.13%
- Category average
- 10.46%
- Low Carbon Designation
- No
- Portfolio covered
- 91.7%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
- Mark Biller
- Eric Collier
- Anthony Ayers
- Warren Pies
- Fernando Vidal
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
- Number of managers
- 5
- Average tenure
- 1.7 years
- Longest tenure
- 1.7 years
- Longest serving
- Mark Biller, Eric Collier, Anthony Ayers, Warren Pies, Fernando Vidal · since 25 FEB 2025
- Most recent appointment
- Mark Biller, Eric Collier, Anthony Ayers, Warren Pies, Fernando Vidal · since 25 FEB 2025
- Managed since
- 25 FEB 2025
- Other funds managed
- 5
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
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