First Trust NASDAQ ABA Community Bank Index FundFirst Trust NASDAQ ABA Community Bank Index FundFirst Trust NASDAQ ABA Community Bank Index Fund

First Trust NASDAQ ABA Community Bank Index Fund

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Key stats


Assets under management (AUM)
‪122.93 M‬USD
Fund flows (1Y)
‪11.40 M‬USD
Dividend yield (indicated)
2.23%
Discount/Premium to NAV
−0.03%
Shares outstanding
‪2.10 M‬
Expense ratio
0.60%

About First Trust NASDAQ ABA Community Bank Index Fund


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Jun 29, 2009
Structure
Open-Ended Fund
Index tracked
NASDAQ OMX ABA Community Bank
Management style
Passive
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
QABA tracks an index of NASDAQ-listed US banks and thrifts while deliberately excluding the 50 largest based on asset size, according to Federal Deposit Insurance Corporation (FDIC) reports. QABA also excludes banks with an international specialization (assets greater than USD 10 billion and more than 25% of total assets in non-US offices) and banks with a credit card specialization (i.e. banks with credit card loans plus securitized receivables in excess of 50% of total assets plus securitized receivables). The result is an ETF that uniquely targets true community banks, avoiding the mega-money centers that tend to dominate this segment. The index is market-cap-weighted and undergoes quarterly rebalance and semi-annual reconstitution, subject to certain caps. The maximum weight of an issuer is capped at 25% and issuers weighting more than 5% in aggregate should not exceed 50% of the entire portfolio.

Classification


Asset Class
Equity
Category
Sector
Focus
Financials
Niche
Regional banks
Strategy
Exchange-specific
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
NASDAQ - listed
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Oscillators
Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.