QABA vs. IAT ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to iShares U.S. Regional Banks ETF (IAT)

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

$60.76

Average Daily Volume

15,664

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

IAT

iShares U.S. Regional Banks ETF

IAT Description

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

Grade (RS Rating)

Last Trade

$55.15

Average Daily Volume

376,641

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	IAT
30 Days	12.46%	11.53%
60 Days	12.99%	15.07%
90 Days	12.33%	16.27%
12 Months	45.21%	60.14%

7 Overlapping Holdings

Symbol	Grade	Weight in QABA	Weight in IAT	Overlap
CBSH	B	4.51%	1.5%	1.5%
FFIN	B	2.88%	0.95%	0.95%
OZK	B	2.64%	0.91%	0.91%
TFSL	A	1.97%	0.14%	0.14%
UBSI	B	2.79%	1.0%	1.0%
UMBF	B	2.92%	0.96%	0.96%
WTFC	A	4.24%	1.56%	1.56%

QABA Overweight 114 Positions Relative to IAT

Symbol	Grade	Weight
HWC	B	2.5%
IBOC	B	2.18%
TCBI	C	2.0%
BANF	B	1.98%
FULT	A	1.86%
CATY	B	1.82%
FIBK	A	1.7%
FHB	B	1.7%
WSFS	B	1.66%
CVBF	A	1.54%
SFNC	C	1.5%
INDB	B	1.49%
WAFD	B	1.46%
FFBC	B	1.35%
PPBI	C	1.3%
TOWN	B	1.29%
TBBK	C	1.29%
FRME	B	1.24%
SBCF	B	1.23%
BANR	B	1.23%
WSBC	B	1.17%
TFIN	B	1.15%
TRMK	C	1.14%
NBTB	B	1.14%
EFSC	B	1.08%
SYBT	B	1.07%
CASH	B	0.97%
CLBK	C	0.95%
FBNC	B	0.94%
CHCO	B	0.94%
LKFN	C	0.92%
NWBI	B	0.91%
MBIN	F	0.9%
SASR	B	0.84%
HOPE	C	0.8%
STBA	B	0.79%
VBTX	B	0.78%
SRCE	B	0.78%
TCBK	C	0.77%
QCRH	B	0.75%
WABC	B	0.74%
BUSE	B	0.74%
GABC	B	0.66%
RBCAA	B	0.65%
DCOM	B	0.65%
PFBC	B	0.62%
PEBO	B	0.61%
OCFC	B	0.58%
BRKL	B	0.55%
AMAL	B	0.54%
CNOB	B	0.52%
CTBI	B	0.52%
BHRB	B	0.51%
BFC	B	0.5%
PFC	B	0.49%
CCB	A	0.48%
FMBH	B	0.48%
HFWA	C	0.44%
CFFN	C	0.44%
UVSP	B	0.44%
EGBN	B	0.42%
OSBC	A	0.41%
FCBC	C	0.41%
BFST	C	0.41%
CFB	B	0.41%
IBCP	B	0.39%
MBWM	B	0.39%
NBN	C	0.39%
HBNC	B	0.39%
ORRF	B	0.38%
SMBC	B	0.37%
HAFC	B	0.37%
GSBC	C	0.36%
CAC	C	0.34%
TRST	B	0.34%
FSBC	C	0.34%
MOFG	B	0.33%
HTBI	B	0.32%
CCBG	B	0.32%
HTBK	B	0.32%
WASH	C	0.32%
MPB	B	0.31%
SPFI	C	0.31%
PGC	B	0.31%
HIFS	C	0.3%
CASS	C	0.3%
CCNE	C	0.29%
THFF	B	0.29%
ESQ	B	0.29%
MSBI	B	0.28%
FMNB	B	0.28%
HONE	C	0.28%
NFBK	C	0.28%
BCAL	B	0.27%
AROW	B	0.27%
KRNY	C	0.26%
SHBI	B	0.26%
FFIC	B	0.25%
NRIM	A	0.23%
TCBX	B	0.23%
RBB	B	0.22%
CARE	C	0.22%
BSRR	B	0.22%
EBTC	C	0.22%
BMRC	B	0.21%
NECB	C	0.2%
BWB	B	0.2%
FISI	B	0.2%
NEWT	C	0.18%
INBK	B	0.17%
WSBF	C	0.15%
FRST	B	0.15%
FLIC	B	0.15%
SBSI	C	0.05%

QABA Underweight 27 Positions Relative to IAT

Symbol	Grade	Weight
PNC	B	-14.13%
USB	A	-13.33%
TFC	A	-10.67%
MTB	A	-4.88%
FITB	B	-4.77%
HBAN	A	-4.58%
FCNCA	A	-4.56%
RF	A	-4.3%
CFG	B	-3.74%
KEY	B	-3.18%
EWBC	A	-2.56%
FHN	A	-1.95%
WBS	A	-1.84%
WAL	B	-1.77%
PNFP	B	-1.7%
CFR	B	-1.59%
ZION	B	-1.57%
CMA	B	-1.54%
SSB	B	-1.44%
SNV	C	-1.43%
PB	B	-1.4%
BPOP	C	-1.24%
GBCI	B	-1.14%
FNB	A	-1.06%
HOMB	A	-1.02%
VLY	B	-0.85%
BOKF	B	-0.46%

IAT: Top Represented Industries & Keywords

Industries: Banks - Regional - US Banks - Global