SMI 3Fourteen REAL Asset Allocation ETF

Frequently Asked Questions About RAA

What does RAA invest in?

RAA launched to replace the external funds being held in a mutual fund that opened in 2013, which pursues the same investment strategy. This replacement allows the Issuer to utilize their own ETF and keep more of the expense ratio of the mutual fund. RAA will invest via other ETFs or mutual funds that provide exposure to stocks, bonds, commodities, alternative investments, and cash. The allocation to each is based on the Issuer's assessment of the current market environment, price momentum, asset flows, regression analysis, and historical volatility. Market conditions are monitored daily and will result in active trading, which may result in high portfolio turnover. No limitations and little guidance are provided in terms of how specifically underlying funds are selected. It is safe to say this ETF can go anywhere, at any time, and pursue any strategy.

What is the expense ratio of RAA?

SMI 3Fourteen REAL Asset Allocation ETF (RAA) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is RAA's dividend yield?

RAA's trailing-twelve-month yield is 2.13%, calculated from the sum of dividends over the past year divided by the current price.

How big is RAA?

SMI 3Fourteen REAL Asset Allocation ETF (RAA) manages $499.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RAA actively managed or an index fund?

RAA's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was RAA launched?

SMI 3Fourteen REAL Asset Allocation ETF (RAA) launched in July 2014 and is managed by SMI Funds.