QABA vs. IAK ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to iShares U.S. Insurance ETF (IAK)

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

$53.43

Average Daily Volume

9,531

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance 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 underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.75

Average Daily Volume

69,819

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	IAK
30 Days	3.36%	-4.68%
60 Days	2.28%	-1.73%
90 Days	8.57%	8.26%
12 Months	30.04%	32.19%

0 Overlapping Holdings

	Symbol	Grade	Weight in QABA	Weight in IAK	Overlap

QABA Overweight 121 Positions Relative to IAK

Symbol	Grade	Weight
CBSH	A	4.39%
WTFC	B	4.2%
UMBF	A	2.92%
FFIN	D	2.81%
UBSI	C	2.78%
OZK	B	2.71%
HWC	B	2.45%
IBOC	B	2.08%
TFSL	D	1.97%
BANF	B	1.96%
TCBI	B	1.94%
CATY	B	1.81%
FULT	C	1.8%
FIBK	C	1.76%
FHB	A	1.72%
SFNC	B	1.59%
WSFS	D	1.59%
WAFD	D	1.5%
CVBF	B	1.48%
INDB	B	1.46%
PPBI	C	1.34%
TBBK	D	1.34%
TOWN	D	1.33%
FFBC	B	1.33%
SBCF	C	1.24%
BANR	B	1.2%
FRME	D	1.18%
TRMK	B	1.16%
NBTB	D	1.14%
TFIN	B	1.13%
EFSC	B	1.07%
SYBT	B	1.03%
WSBC	B	1.02%
CLBK	D	0.98%
CASH	B	0.96%
FBNC	D	0.94%
CHCO	C	0.93%
MBIN	F	0.92%
NWBI	D	0.92%
LKFN	C	0.9%
SASR	B	0.83%
HOPE	D	0.82%
VBTX	B	0.8%
SRCE	C	0.79%
STBA	D	0.79%
TCBK	C	0.77%
WABC	B	0.75%
BUSE	D	0.75%
QCRH	A	0.73%
GABC	A	0.66%
RBCAA	B	0.64%
DCOM	B	0.64%
PFBC	B	0.62%
PEBO	B	0.6%
OCFC	C	0.58%
BRKL	A	0.55%
AMAL	B	0.55%
SBSI	D	0.53%
BHRB	C	0.52%
CNOB	D	0.51%
CTBI	B	0.51%
FMBH	D	0.5%
BFC	B	0.5%
PFC	B	0.48%
CFFN	B	0.47%
CCB	A	0.46%
UVSP	C	0.44%
EGBN	B	0.43%
HFWA	A	0.43%
BFST	B	0.42%
CFB	D	0.42%
FCBC	D	0.41%
ORRF	B	0.4%
OSBC	B	0.4%
NBN	A	0.39%
MBWM	D	0.38%
HAFC	A	0.38%
HBNC	A	0.38%
SMBC	B	0.37%
IBCP	D	0.37%
GSBC	C	0.36%
FSBC	B	0.35%
TRST	D	0.34%
MOFG	C	0.33%
CAC	A	0.33%
HTBI	D	0.32%
WASH	B	0.32%
CCBG	B	0.32%
HTBK	D	0.32%
CASS	B	0.31%
PGC	A	0.31%
SPFI	B	0.3%
HIFS	B	0.3%
ESQ	A	0.3%
HONE	D	0.29%
MPB	B	0.29%
MSBI	A	0.29%
CCNE	B	0.29%
THFF	C	0.28%
NFBK	C	0.28%
FMNB	D	0.28%
BCAL	B	0.26%
AROW	B	0.26%
SHBI	B	0.26%
KRNY	B	0.25%
FFIC	B	0.25%
TCBX	A	0.24%
CARE	B	0.23%
RBB	D	0.22%
EBTC	B	0.22%
BWB	C	0.22%
BSRR	D	0.22%
NRIM	D	0.2%
BMRC	B	0.2%
NECB	B	0.2%
FISI	D	0.2%
NEWT	B	0.19%
INBK	C	0.17%
WSBF	B	0.16%
FRST	F	0.15%
FLIC	D	0.15%

QABA Underweight 52 Positions Relative to IAK

Symbol	Grade	Weight
PGR	D	-16.15%
CB	D	-12.05%
TRV	B	-6.37%
AFL	D	-6.0%
PRU	C	-4.76%
AIG	B	-4.69%
MET	C	-4.68%
ALL	D	-4.51%
ACGL	F	-4.0%
HIG	D	-3.99%
CINF	B	-2.72%
MKL	D	-2.46%
PFG	C	-2.17%
WRB	D	-2.12%
FNF	C	-1.94%
L	D	-1.78%
ERIE	F	-1.39%
UNM	A	-1.36%
AIZ	D	-1.23%
KNSL	F	-1.18%
GL	C	-1.17%
PRI	B	-1.16%
AFG	D	-1.15%
ORI	D	-1.03%
FAF	D	-0.82%
RLI	A	-0.81%
AXS	B	-0.74%
SIGI	D	-0.69%
THG	C	-0.66%
LNC	B	-0.64%
WTM	C	-0.57%
AGO	B	-0.51%
KMPR	B	-0.47%
CNO	A	-0.45%
OSCR	C	-0.41%
BHF	B	-0.36%
GNW	D	-0.35%
PLMR	D	-0.29%
STC	D	-0.24%
MCY	B	-0.23%
TRUP	B	-0.23%
SKWD	B	-0.19%
HMN	A	-0.19%
LMND	A	-0.17%
SAFT	F	-0.15%
EIG	C	-0.15%
CNA	D	-0.14%
AMSF	B	-0.13%
PRA	B	-0.09%
AMBC	D	-0.07%
UFCS	F	-0.05%
JRVR	F	-0.04%