Symbols

QABA

First Trust NASDAQ ABA Community Bank Index Fund·NASDAQ

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Key Stats

Assets Under Management

79.84MUSD

Fund Flows (1Y)

-41.96MUSD

Dividend Yield

2.51%

Discount/Premium to NAV

-0.07%

Shares Outstanding

1.40M

Expense Ratio

0.60%

About First Trust NASDAQ ABA Community Bank Index Fund

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/etf/ETFsummary.aspx?Ticker=QABA

Inception Date

Jun 29, 2009

Structure

Open-Ended Fund

Index Tracked

NASDAQ OMX ABA Community Bank Index

Management Style

Passive

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

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.