BOBP is designed to measure the performance of 50 securities selected from the U.S. large-cap universe using CORE16's proprietary algorithm.
The BOBP ETF tracks the CORE16 Best of Breed Premier Index, a systematic index built to identify optimal buying and selling points within U.S. large-cap equities. The ETF seeks to track the Index, which aims to identify 50 securities with favorable near- to medium-term capital appreciation potential based on their equity skewness. Equity skewness measures how a stock's returns are distributed to describe if returns are more likely to be higher or lower than an average return.
"We are excited to partner with CORE16 to bring the CORE16 Best of Breed Premier Index ETF (BOBP) to the U.S. market," says J. Garrett Stevens CEO of Exchange Traded Concepts. "This launch represents an exciting expansion of CORE16's presence in the U.S. with an ETF that incorporates CORE16's Best of Breed methodology. We are committed to helping innovative investment strategies reach new investors, and we're proud to support the introduction of BOBP."
"With great enthusiasm, we announce the introduction of the CORE16 Best of Breed Premier Index ETF (BOBP) to the U.S. market. This initiative presents an opportunity to provide U.S. investors with a rules-based index that adjusts its composition in response to market indicators and conditions. We extend our gratitude to Exchange Traded Concepts for facilitating the listing of this ETF on the NYSE Arca platform," said David Cho (Cho Yun Nam, CFA), CEO of Core16 and former Chairman of the CFA Korea Association.
About Exchange Traded Concepts (ETC)
Exchange Traded Concepts is an SEC-registered independent investment adviser that specializes in white-label ETFs and offers comprehensive ETF services spanning ETF-in-a-Box, ETF portfolio management, fund marketing and consulting. ETC provides the trust, board, and decades of experience to offer a variety of asset managers (offering alternative products, SMAs, or mutual funds) and others an efficient, cost-effective means to leverage the benefits of the ETF wrapper. Learn more at exchangetradedconcepts.com.
About CORE16, Inc.
CORE16, Inc., based in Seoul, develops quantitative investment strategies focused on identifying optimal stocks using proprietary AI. The firm's algorithms analyze historical events and market trends to systematically determine when to enter and exit investments, directly targeting improved returns. CORE16's mission is to change traditional investing practices by replacing speculation with quantifiable, algorithm-driven decisions.
BOBP is now listed on the NYSE Arca and available for trading. For more information, visit www.core16etf.com.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-833-462-3466 or visit our website at www.core16etf.com. Read the prospectus or summary prospectus carefully before investing.
Asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.
Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Shares of ETFs are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC serves as the investment advisor of the funds. SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA 19456) serves as the Fund Distributor for the BOBP ETF, which is not affiliated with Exchange Traded Concepts, LLC, or any of its affiliates.
Risk Disclosures:
Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its stated investment objectives. The fund is subject to risks including, but not limited to, passive investment risk, index tracking risk, authorized participant concentration risk, cybersecurity risk, equity investing risk, and large-capitalization risk. The Fund will be concentrated in an industry or a group of industries. This may subject the Fund to greater market risk than a fund that is more broadly diversified. BOBP is non-diversified.
SOURCE Exchange Traded Concepts, LLC
Important Disclosures
Exchange Traded Concepts is an SEC Registered Investment Adviser. The Firm's Form ADV is publicly available and can be found here: https://www.adviserinfo.sec.gov/Firm/151197. ETC may be subject to various conflicts of interest in the provision of its services. Potential conflicts of interest shall be identified in the Firm's Form ADV. The Exchange Traded Funds are referred to as "Funds" for purposes of this document. ETC transacts business in the United States and other jurisdictions where it is properly registered or excluded or exempted from registration requirements. This document does not constitute an offer of services in jurisdictions where ETC does not have the necessary licenses.
No representation is made that any Fund's investment process, objectives, goals or risk management techniques will or are likely to be achieved or be successful or that any Fund or any underlying investment will make any profit or will not sustain losses. The risks of investing in a Fund will not be negated by ETC's Fund services, and no assurance is given that a Fund will not be exposed to risks of significant trading losses.
The information provided herein does not constitute tax, legal or accounting advice. ETC does not provide legal, financial, accounting or tax advice. Clients and prospective Clients, as well as investors and prospective investors in a Fund ("Investors") are advised to seek the counsel of their own legal, financial and tax advisors for all matters relating to the services and structures contemplated herein. Each Investor (either alone or with its professional advisors) is solely responsible for its own due diligence, risk assessment and tolerance, investment objectives, any decision to invest in a Fund, and for monitoring its investment for purposes of determining whether it wishes to remain invested in such product and whether such product continues to be appropriate for its circumstances and requirements.
The information provided herein: (a) is provided as of the date indicated, (b) is in summary only and is not complete, and (c) is subject to change at any time without notice. Certain information provided by ETC is based on third-party sources and, although generally believed to be reliable, has not been independently verified. ETC is not responsible for errors or omissions from these sources. No representation is made with respect to the accuracy, completeness, or timeliness of such information, and ETC assumes no obligation to update or otherwise revise such information. In no event will ETC be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including, without limitation, lost income or lost profits and opportunity costs) in connection with the use of the information contained herein, even if advised of the possibility of such damages. ETC and its respective employees and its affiliates hereby exclude, to the extent permitted by applicable law, all liability in connection with the use of the information herein.
Interests in Funds will not be insured by the FDIC, the SIPC or any other organization, will not be deposits of any bank, and are not guaranteed by any bank.