QABA vs. IAI ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to iShares U.S. Broker-Dealers ETF (IAI)

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks 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(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.39

Average Daily Volume

23,222

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

IAI

iShares U.S. Broker-Dealers ETF

IAI Description

The investment seeks to track the investment results of an index composed of U.S. equities in the investment services sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Select Investment Services Index (the "underlying index"), which measures the performance of the investment services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$112.49

Average Daily Volume

161,489

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	IAI
30 Days	-1.92%	-2.72%
60 Days	0.46%	1.74%
90 Days	-2.31%	5.65%
12 Months	24.15%	28.48%

0 Overlapping Holdings

	Symbol	Grade	Weight in QABA	Weight in IAI	Overlap

QABA Overweight 123 Positions Relative to IAI

Symbol	Grade	Weight
CBSH	A	4.42%
WTFC	C	3.79%
OZK	A	3.22%
UBSI	D	2.88%
FFIN	D	2.69%
UMBF	B	2.52%
HWC	A	2.45%
IBOC	A	2.16%
TFSL	B	2.13%
ABCB	A	2.04%
UCBI	B	1.93%
BANF	A	1.88%
TCBI	D	1.76%
FHB	A	1.73%
FIBK	A	1.7%
WSFS	A	1.67%
CATY	F	1.57%
FULT	A	1.56%
CVBF	D	1.47%
SFNC	D	1.46%
INDB	B	1.37%
PPBI	D	1.34%
FFBC	A	1.33%
TOWN	B	1.29%
FRME	A	1.27%
SBCF	D	1.26%
TBBK	F	1.14%
WAFD	D	1.14%
CLBK	F	1.09%
MBIN	B	1.07%
WSBC	D	1.06%
NBTB	A	1.05%
TRMK	A	1.04%
IBTX	F	1.03%
LKFN	C	1.01%
BANR	D	0.98%
HTLF	A	0.95%
CHCO	A	0.95%
EFSC	D	0.91%
FBNC	D	0.87%
NWBI	D	0.86%
SYBT	A	0.83%
HOPE	D	0.82%
CASH	B	0.8%
WABC	A	0.79%
BUSE	B	0.79%
SRCE	B	0.77%
STBA	B	0.74%
TCBK	A	0.72%
VBTX	B	0.7%
PFBC	A	0.66%
PEBO	A	0.64%
QCRH	D	0.61%
GABC	C	0.61%
SASR	D	0.61%
OCFC	F	0.56%
SBSI	D	0.53%
RBCAA	A	0.53%
BRKL	F	0.52%
BFC	D	0.5%
FBMS	F	0.49%
CTBI	A	0.48%
FMBH	A	0.47%
DCOM	B	0.47%
CNOB	F	0.46%
PFC	A	0.45%
CFFN	D	0.44%
AMAL	A	0.43%
EGBN	F	0.41%
OSBC	B	0.4%
HFWA	C	0.4%
GSBC	B	0.39%
FCBC	A	0.38%
CFB	C	0.38%
MBWM	B	0.37%
HBT	C	0.37%
CASS	C	0.36%
UVSP	A	0.36%
CCB	B	0.34%
BFST	D	0.34%
IBCP	A	0.33%
TRST	C	0.33%
HBNC	B	0.33%
MSBI	D	0.32%
HTBK	D	0.31%
HAFC	B	0.29%
FMNB	D	0.29%
SMBC	F	0.29%
PGC	F	0.28%
CAC	C	0.28%
WASH	B	0.28%
HONE	A	0.28%
CCBG	D	0.28%
SPFI	B	0.27%
THFF	D	0.27%
HTBI	B	0.27%
NBN	B	0.26%
BHRB	D	0.25%
CCNE	D	0.25%
ESQ	C	0.24%
AROW	C	0.24%
NFBK	D	0.24%
HIFS	B	0.23%
KRNY	F	0.23%
SHBI	D	0.22%
FFIC	F	0.22%
MOFG	D	0.21%
BWB	B	0.21%
MPB	B	0.21%
RBB	A	0.21%
NEWT	F	0.17%
FRST	F	0.17%
FISI	D	0.17%
PFIS	D	0.17%
BMRC	F	0.16%
NRIM	B	0.16%
CARE	C	0.16%
WSBF	B	0.15%
FLIC	F	0.15%
NECB	A	0.14%
OVLY	B	0.13%
CZFS	F	0.13%
BLFY	D	0.13%

QABA Underweight 32 Positions Relative to IAI

Symbol	Grade	Weight
GS	A	-14.23%
SPGI	C	-13.66%
MS	A	-11.64%
SCHW	A	-7.54%
CME	C	-4.3%
MCO	C	-4.29%
ICE	C	-4.16%
COIN	D	-3.85%
MSCI	F	-3.82%
RJF	B	-3.76%
NDAQ	B	-3.73%
LPLA	A	-3.3%
FDS	D	-2.61%
IBKR	A	-2.03%
TW	B	-1.94%
HOOD	D	-1.41%
SF	A	-1.35%
MKTX	F	-1.26%
MORN	D	-1.22%
JEF	B	-1.21%
HLI	A	-1.1%
EVR	C	-1.04%
LAZ	D	-0.73%
PIPR	A	-0.51%
VIRT	A	-0.34%
SNEX	A	-0.34%
PJT	D	-0.34%
DFIN	B	-0.27%
MC	D	-0.23%
BGC	A	-0.21%
RILY	B	-0.11%
LPRO	F	-0.1%