QABA

First Trust NASDAQ ABA Community Bank Index Fund

First Trust NASDAQ ABA Community Bank Index Fund seeks investment results that correspond generally to the price and yield of the ABA Community Bank Index.


US

EQUITY

Rules-Based

MANAGEMENT STYLE

106.0 M

ASSETS UNDER MGMT

60 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryUS
Asset classEquity
Websitelink...
Inception dateJun 29, 2009
Assets (mns)$106
Expense ratio60 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionNASDAQ - Listed
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
COMMERCE BANCSHARES INC 4.4 %
WINTRUST FINANCIAL CORP 4.0 %
FIRST FINL BANKSHARES INC 3.0 %
UMB FINANCIAL CORP 2.9 %
UNITED BANKSHARES INC 2.8 %
BANK OZK 2.7 %
HANCOCK HOLDING CO 2.5 %
INTERNATIONAL BANCSHARES CRP 2.1 %
TFS FINANCIAL CORP 2.0 %
BANCFIRST CORP 2.0 %
Constituent Breakdown
Number of holdings123
Herfindahl-Hirschman Index 155
Wgt avg mkt cap (mns)$2,655
Large cap (>$10bn)0.0%
Mid cap ($2-10bn)54.0%
Small cap (<$2bn)46.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 99.8 %
Historical Performance


Standardized Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.3% 36.6% 5.4% 0.5% 4.6% 6.7% 8.1%
Volatility 24.5% 27.7% 27.5% 26.4% 33.5% 27.5% --
Market Correlations
versus...BetaR-squared
S&P 5000.7824%
MSCI EAFE0.8025%
MSCI Emg Mkts0.6214%
Liquidity Measures
Avg. volume (000)11
Turnover0.5%
Avg. Bid/Ask (% of price)0.15%
ADV of underlying (mns)$760
Technical Indicators
Recent close$51.70
30d moving avg.$52.69
Annualized volatility28.4%
Relative strength (RSI)47
Short interest (ETF)0.5%
Short interest (underlying)2.4%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: QABA vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
3.1 12.2 1.1 3.1% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
QABA



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™

QABA

8.5%

Cat. Avg

5.5%


ALTAR Score™ Calculation

Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™ of 5.5% and a standard deviation of 2.4%. QABA's ALTAR Score™ is approximately 1.2 standard deviations above the category average. This places QABA in the 89th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

QABA
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
US Equity ETFs
# of ETFs 609
Avg. Expense Ratio 46.6 bp
Std. Deviation 32.9 bp
QABA (60 bp) Percentile rank 66
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
QABA 60.0 15.3 75.3
Peer Avg. 37.4 15.4 52.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .