Who’s Leading Who’s Lagging: How BOBP’s Index Keeps Score

Rebalancing season is here - the market’s version of the two-minute drill.

For financial advisors, it’s the moment where portfolio positioning can either sync with the market’s rhythm or end up one beat behind. And in a market where leadership can shift faster than a headline cycle, gut instinct isn’t enough.

That’s where the Core16 Best of Breed Premier Index and the Core16 Best of Breed Premier Index ETF (BOBP) that aims to track it, steps in with an approach designed to read the room before making a move. At the heart is a proprietary tool with a deceptively simple name: the Gainers-to-Losers Indicator.

The Scoreboard That Matters

Think of the Gainers-to-Losers Indicator as a scoreboard for the large-cap universe BOBP’s Index targets. Every stock in the Index is tracked over the past 12 months - not just for price changes, but for trend persistence and directional momentum.

If more stocks in the lineup are posting gains over that period, it’s a sign that positive sentiment may be building. If more are in the red, it’s a caution signal that momentum may be fading.

The key here? Instead of letting a handful of mega-cap heavyweights dictate the story, the Gainers-to-Losers Indicator seeks to capture what’s happening across the entire roster.

From Signal to Strategy

The Gainers-to-Losers Indicator highlights companies showing relative strength, which may not be the names that dominate traditional benchmarks. BOBP’s Index uses those signals to tilt toward companies showing relative momentum and away from those underperforming securities, keeping exposure tuned to the market’s rhythm.

That dynamic shows up in the types of companies the Index selects. For example Axon Enterprise (AXON) makes up just 0.10% of the S&P 500* but carries a 1.52% weight in BOBP (as of 9/8/25).  Axon Enterprise is a company that develops and sells technology and software such as TASER Energy Weapons, body-worn cameras, in-car cameras, and a cloud-based digital evidence management platform for law enforcement and public safety agencies. Axon has consistently reported strong revenue and earnings growth, exceeding analyst expectations and raising guidance for the year. For example, in the first quarter, profit grew 23% on record quarterly revenue and it has a three-year sales growth rate of 34%. [1]

Similarly, C.H. Robinson (CHRW) is only 0.03% of the S&P 500 yet sits at 2.23% in BOBP (as of 9/8/2025). C.H. Robinson is a global logistics company that provides a wide range of transportation and supply chain solutions. They offer services like freight transportation, logistics, sourcing, and information services, working with a network of 83,000 customers and over 450,000 transportation providers C.H. Robinson delivered strong bottom-line results in Q2 2025, marking its sixth consecutive quarter of consistent outperformance. Notably, income from operations jumped 21.2%, and net income per share rose 20.0%, highlighting the company’s ability to expand margins. [2]

Both companies reflect areas of relative strength that the Index identifies, even if they aren’t headline names in traditional benchmarks. They also exemplify how BOBP’s Index identifies and aims to capture growth.

It’s not market timing. It’s market tuning.

In a market environment where leadership rotates and sentiment swings, advisors can’t afford to rely solely on instinct - or last quarter’s winners. The BOBP Index’s Gainers-to-Losers Indicator isn’t about predicting the future; it’s about measuring the present with quantitative date to act.

As rebalancing season approaches, the question isn’t just what’s working - it’s whether your portfolio is positioned for the market that may exist, not the one you hope will show up.

Ready to see the scoreboard before the season starts?

Dive into more about the Gainers-To-Losers Indicator here.

[1] Koenig, Kimberly, AXON Stock is in A Buy Zone After Reaching A New High, Investor’s Business Daily, 5/14/25.

[2] Investing.com Team, C.H. Robinson Q2 2025 slides: profit jumps 21% despite revenue decline, Investing.com, 7/30/25.

*S&P 500: The S&P 500 is a stock market index that tracks the performance of approximately 500 of the largest U.S. publicly traded companies.

Important information:

This material contains an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events; it is subject to change and does not guarantee future results. This information should not be relied upon by the reader as research or investment advice regarding the fund or any stock in particular. Some of the statements contained in this material may be forward-looking and contain certain risks and uncertainties. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

References to securities are not a recommendation to buy or sell. The companies identified and discussed in the material do not represent all of the fund holdings and may not represent current or future holdings of the Fund. Please click HERE to view Fund’s current holdings.

Past performance is no guarantee of future results. Index is unmanaged, do not incur management fees, costs or expenses and cannot be invested in directly.