Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 
First Trust NASDAQ® ABA Community Bank Index Fund (QABA)
  • 2023 Estimated Capital Gain Distributions
    Please note that none of our First Trust Exchange-Traded Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Exchange-Traded Funds are expected to pay any special short-term capital gain distributions in December. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - The First Trust NASDAQ® ABA Community Bank Index Fund is an exchange-traded fund. The objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the Nasdaq OMX® ABA Community Bank™ Index.
There can be no assurance that the Fund's investment objectives will be achieved.
Index Description According to the Index Provider
  • The Index is a market capitalization-weighted index that includes the common stock of all Nasdaq® listed banks and thrifts or their holding companies that are designated as banks by the Industry Classification Benchmark (or that which the American Bankers Association determines should be classified as such), but excluding:
    • Any of the 50 largest banks or thrifts and their holding companies based on asset size as determined by the most recently available call report data as compiled by the FDIC.
    • Any banks or thrifts classified as having an "international specialization" or a "credit-card specialization" as determined by the most recently available call report data as compiled by the FDIC, provided that such institutions constitute the majority of assets if in a holding company.
  • A security must have a market capitalization of at least $200 million and a three-month average daily dollar trading volume of at least $500 thousand.
  • In addition, a security must meet certain operating history, solvency, and financial statement requirements to remain eligible for inclusion in the index.
  • The Index is rebalanced quarterly and reconstituted semi-annually.
Fund Overview
TickerQABA
Fund TypeCommunity Bank
Investment AdvisorFirst Trust Advisors L.P.
Investor Servicing AgentBank of New York Mellon Corp
CUSIP33736Q104
ISINUS33736Q1040
Intraday NAVQABAIV
Fiscal Year-End12/31
ExchangeNasdaq
Inception6/29/2009
Inception Price$20.00
Inception NAV$20.00
Rebalance FrequencyQuarterly
Gross Expense Ratio*0.62%
Net Expense Ratio*0.60%
* As of 5/1/2023
Expenses are capped contractually at 0.60% per year, at least through April 30, 2024. The Investment Advisor has implemented fee breakpoints, which reduce the fund's investment management fee at certain assets levels. Please see the fund's Statement of Additional Information for full details.
Current Fund Data (as of 12/1/2023)
Closing NAV1$44.89
Closing Market Price2$44.85
Bid/Ask Midpoint$44.84
Bid/Ask Discount0.12%
30-Day Median Bid/Ask Spread30.15%
Total Net Assets$65,089,348
Outstanding Shares1,450,002
Daily Volume1,587
Average 30-Day Daily Volume16,229
Closing Market Price 52-Week High/Low$55.45 / $35.24
Closing NAV 52-Week High/Low$55.45 / $35.28
Number of Holdings (excluding cash)140
Top Holdings (as of 12/1/2023)*
Holding Percent
Commerce Bancshares, Inc. 3.48%
South State Corporation 3.20%
Pinnacle Financial Partners, Inc. 3.16%
Wintrust Financial Corporation 2.93%
Bank OZK 2.68%
BOK Financial Corporation 2.68%
Columbia Banking System, Inc. 2.67%
United Bankshares, Inc. 2.50%
First Financial Bankshares, Inc. 2.12%
TFS Financial Corporation 2.03%

* Excluding cash.  Holdings are subject to change.

NAV History (Since Inception)
Past performance is not indicative of future results.
Distribution Information
Dividend per Share Amt (as of 12/4/2023)4$0.3088
30-Day SEC Yield (as of 10/31/2023)53.29%
Unsubsidized 30-Day SEC Yield (as of 10/31/2023)63.05%
12-Month Distribution Rate (as of 10/31/2023)73.30%
Index Yield (as of 10/31/2023)83.94%
Fund Characteristics (as of 11/30/2023)9
Maximum Market Cap.$6,285
Median Market Cap.$715
Minimum Market Cap.$199
Price/Earnings9.46
Price/Book1.04
Price/Cash Flow8.33
Price/Sales2.95
Top State Exposure (as of 10/31/2023)
State Percent
Texas 8.74%
California 8.39%
Montana 7.05%
Illinois 5.43%
Ohio 5.36%
Washington 5.23%
Florida 4.69%
Oklahoma 4.35%
Indiana 4.30%
West Virginia 4.27%
Bid/Ask Premium/Discount (as of 12/1/2023)
  2022 Q1 2023 Q2 2023 Q3 2023
Days Traded at Premium 123 26 28 32
Days Traded at Discount 128 36 34 31
Hypothetical Growth of $10,000 Since Inception (as of 12/1/2023) *