# Portfolio overlap — VALAX vs RAFE

Comparing **Al Frank Fund** (2026-03-31) and **PIMCO RAFI ESG U.S. ETF** (2026-03-31).

- Shared positions: 45
- Al Frank Fund covered by PIMCO RAFI ESG U.S. ETF: 0.2921667507580369503865672443
- PIMCO RAFI ESG U.S. ETF covered by Al Frank Fund: 0.2921667507580369503865672441

## 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 | ✓ |

## PIMCO RAFI ESG U.S. ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| APPLE INC | 0.051685 | ✓ |
| JOHNSON&JOHNSON | 0.039130 | ✓ |
| MICROSOFT CORP | 0.038833 | ✓ |
| JPMORGAN CHASE and CO | 0.025805 | ✓ |
| MERCK & CO | 0.025741 | ✓ |
| UNITEDHEALTH GRP | 0.025521 |  |
| VERIZON COMMUNICATIONS INC | 0.025087 | ✓ |
| AT&T INC | 0.025063 |  |
| PROCTER & GAMBLE | 0.020774 |  |
| CITIGROUP INC | 0.020441 |  |
| BRISTOL-MYERS SQUIBB CO | 0.016922 | ✓ |
| CISCO SYSTEMS INC | 0.015755 | ✓ |
| ABBVIE INC | 0.015422 |  |
| GENERAL MOTORS CO | 0.015362 | ✓ |
| NVIDIA CORP | 0.012281 |  |
| COMCAST CORP CL A | 0.011721 | ✓ |
| APPLIED MATERIALS INC | 0.011272 |  |
| PEPSICO INC | 0.010626 |  |
| QUALCOMM INC | 0.010415 | ✓ |
| DOW INC | 0.010087 |  |
| INTL BUS MACH CORP | 0.010083 | ✓ |
| THE CIGNA GROUP | 0.009198 |  |
| ABBOTT LABS | 0.009151 | ✓ |
| TARGET CORP | 0.009124 | ✓ |
| LINDE PLC | 0.009028 |  |
| THERMO FISHER SCIENTIFIC INC | 0.008787 |  |
| GILEAD SCIENCES INC | 0.008652 |  |
| ELEVANCE HEALTH INC | 0.008413 |  |
| BROADCOM INC | 0.008337 |  |
| DEERE & CO | 0.008083 | ✓ |
| VISA INC-CLASS A | 0.008009 |  |
| LOWES COS INC | 0.007736 |  |
| ADV MICRO DEVICE | 0.007731 |  |
| LAM RESEARCH CORP | 0.007714 | ✓ |
| MORGAN STANLEY | 0.007328 |  |
| HOME DEPOT INC | 0.006832 |  |
| ANALOG DEVICES INC | 0.006752 |  |
| WALT DISNEY CO/T | 0.006709 | ✓ |
| REGENERON PHARMACEUTICALS INC | 0.006674 |  |
| COCA-COLA CO/THE | 0.006581 |  |
| MASTERCARD INC CL A | 0.006529 |  |
| TEXAS INSTRUMENTS INC | 0.006456 |  |
| CVS HEALTH CORP | 0.006300 | ✓ |
| BANK OF NEW YORK MELLON CORP | 0.006187 |  |
| PFIZER INC | 0.006099 | ✓ |
| ADOBE INC | 0.005782 | ✓ |
| MONDELEZ INTL INC | 0.005686 |  |
| SALESFORCE INC | 0.005664 | ✓ |
| ARCHER DANIELS MIDLAND CO | 0.005327 | ✓ |
| GOLDMAN SACHS GROUP INC | 0.005213 | ✓ |


## Sources

- N-PORT (fund A) — accession `0000910472-26-007587` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1518042/000091047226007587/0000910472-26-007587-index.htm>
- N-PORT (fund B) — accession `0001099263-26-007325` (as of 2026-03-31)
  <https://www.sec.gov/Archives/edgar/data/1479360/000109926326007325/0001099263-26-007325-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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