Key stats
About First Trust NASDAQ ABA Community Bank Index Fund
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Inception date
Jun 29, 2009
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Portfolios LP
Distributor
First Trust Portfolios LP
ISIN
US33736Q1040
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Stocks99.80%
Finance99.54%
Commercial Services0.26%
Bonds, Cash & Other0.20%
Cash0.20%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
QABA invests in stocks. The fund's major sectors are Finance, with 99.54% stocks, and Commercial Services, with 0.26% of the basket. The assets are mostly located in the North America region.
QABA top holdings are Wintrust Financial Corporation and Commerce Bancshares, Inc., occupying 4.59% and 4.08% of the portfolio correspondingly.
QABA last dividends amounted to 0.35 USD. The quarter before, the issuer paid 0.28 USD in dividends, which shows a 21.06% increase.
QABA assets under management is 112.20 M USD. It's risen 4.58% over the last month.
QABA fund flows account for −554.50 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, QABA pays dividends to its holders with the dividend yield of 2.29%. The last dividend (Sep 30, 2025) amounted to 0.35 USD. The dividends are paid quarterly.
QABA shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Jun 29, 2009, and its management style is Passive.
QABA expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
QABA follows the NASDAQ OMX ABA Community Bank. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
QABA invests in stocks.
QABA price has fallen by −5.07% over the last month, and its yearly performance shows a 4.08% increase. See more dynamics on QABA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −3.42% over the last month, have fallen by −3.42% over the last month, showed a −2.54% decrease in three-month performance and has increased by 10.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −3.42% over the last month, have fallen by −3.42% over the last month, showed a −2.54% decrease in three-month performance and has increased by 10.84% in a year.
QABA trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.