# Portfolio overlap — RULE vs VALAX

Comparing **Adaptive Core ETF** (2026-03-31) and **Al Frank Fund** (2026-03-31).

- Shared positions: 11
- Adaptive Core ETF covered by Al Frank Fund: 0.2209945713840213447892919049
- Al Frank Fund covered by Adaptive Core ETF: 0.2209945713840213447892919049

## Adaptive Core ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MICRON TECHNOLOGY INC | 0.061616 |  |
| STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF MUTUAL FUND | 0.041371 |  |
| JPM ULTRA-SHT IN | 0.041313 |  |
| CORNING INC | 0.040739 | ✓ |
| SEAGATE TECHNOLO | 0.034262 | ✓ |
| NEWMONT CORP | 0.034180 | ✓ |
| Southern Copper Corporation COM USD0.01 | 0.033965 |  |
| INVESCO S&P 500 | 0.032894 |  |
| INVESCO S&P 500 QUALITY ETF MUTUAL FUND | 0.032796 |  |
| CUMMINS INC | 0.032508 | ✓ |
| PARKER HANNIFIN CORP | 0.032040 |  |
| ALPHABET INC CL A | 0.031788 |  |
| THERMO FISHER SCIENTIFIC INC | 0.031640 |  |
| LAM RESEARCH CORP | 0.031174 | ✓ |
| iShares Russell 1000 Growth ETF | 0.030960 |  |
| KLA CORP | 0.028939 |  |
| FREEPORT MCMORAN INC | 0.027520 |  |
| VIATRIS INC | 0.027173 |  |
| CATERPILLAR INC | 0.026815 | ✓ |
| NVIDIA CORP | 0.024787 |  |
| EXXON MOBIL CORP | 0.024623 | ✓ |
| ANALOG DEVICES INC | 0.023537 |  |
| KEYCORP | 0.023451 |  |
| GOLDMAN SACHS GROUP INC | 0.023307 | ✓ |
| GENERAL MOTORS CO | 0.023306 | ✓ |
| RTX CORP | 0.023278 |  |
| CARDINAL HEALTH INC | 0.022688 | ✓ |
| BARRICK MINING CORP | 0.022679 |  |
| CH ROBINSON WORLDWIDE INC | 0.022520 |  |
| BAKER HUGHES CO | 0.021394 |  |
| HONEYWELL INTL INC | 0.020932 |  |
| CENCORA INC | 0.019197 |  |
| ADV MICRO DEVICE | 0.018472 |  |
| CISCO SYSTEMS INC | 0.016808 | ✓ |
| TEXAS INSTRUMENTS INC | 0.015329 |  |

## Al Frank Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| MONEYMKT | 0.049021 |  |
| JPMORGAN CHASE and CO | 0.026788 |  |
| ALPHABET INC CL C | 0.026124 |  |
| GOLDMAN SACHS GROUP INC | 0.025589 | ✓ |
| CORNING INC | 0.024765 | ✓ |
| CUMMINS INC | 0.024498 | ✓ |
| EXXON MOBIL CORP | 0.024279 | ✓ |
| APPLE INC | 0.023442 |  |
| LAM RESEARCH CORP | 0.022237 | ✓ |
| GENERAL MOTORS CO | 0.021807 | ✓ |
| EOG RESOURCES INC | 0.021629 |  |
| SEAGATE TECHNOLO | 0.019877 | ✓ |
| FIFTH THIRD BANCORP | 0.019342 |  |
| CAPITAL ONE FINANCIAL CORP | 0.018987 |  |
| Total S.A. | 0.018938 |  |
| COHU INC | 0.018914 |  |
| CISCO SYSTEMS INC | 0.018170 | ✓ |
| LOCKHEED MARTIN CORP | 0.018085 |  |
| JOHNSON&JOHNSON | 0.017808 |  |
| BANK OF AMERICA CORPORATION | 0.017758 |  |
| CATERPILLAR INC | 0.017512 | ✓ |
| INTL BUS MACH CORP | 0.017344 |  |
| EATON CORP PLC | 0.016286 |  |
| PNC FINANCIAL SERVICES GRP INC | 0.016243 |  |
| NORFOLK SOUTHERN CORP | 0.015868 |  |
| MICROSOFT CORP | 0.015651 |  |
| ENERSYS INC | 0.014690 |  |
| PRUDENTL FINL | 0.014615 |  |
| BRISTOL-MYERS SQUIBB CO | 0.014593 |  |
| METLIFE INC | 0.014261 |  |
| NEWMONT CORP | 0.014083 | ✓ |
| FEDEX CORP | 0.013901 |  |
| AMGEN INC | 0.013732 |  |
| META PLATFORMS INC CL A | 0.013584 |  |
| INTEL CORP | 0.013500 |  |
| NETAPP INC | 0.013321 |  |
| TRUIST FINL CORP | 0.013157 |  |
| DIGITAL REALTY TRUST INC | 0.012895 |  |
| CARDINAL HEALTH INC | 0.011821 | ✓ |
| KIMCO REALTY CORPORATION | 0.011693 |  |
| BENCHMARK ELECTRONICS INC | 0.011304 |  |
| WALT DISNEY CO/T | 0.011285 |  |
| ALBEMARLE CORP | 0.011211 |  |
| MERCK & CO | 0.010954 |  |
| AMAZON.COM INC | 0.010838 |  |
| DEERE & CO | 0.010641 |  |
| ABBOTT LABS | 0.010352 |  |
| CVS HEALTH CORP | 0.010278 |  |
| ARCHER DANIELS MIDLAND CO | 0.010166 |  |
| ORACLE CORP | 0.010143 |  |


## Sources

- N-PORT (fund A) — accession `0001004726-26-004370` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1719812/000100472626004370/0001004726-26-004370-index.htm>
- N-PORT (fund B) — accession `0000910472-26-007587` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1518042/000091047226007587/0000910472-26-007587-index.htm>

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_Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._

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