QABA vs. KBE ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to SPDR S&P Bank ETF (KBE)

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

$62.25

Average Daily Volume

17,975

Number of Holdings ^*

121

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.63

Average Daily Volume

1,808,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QABA	KBE
30 Days	14.82%	13.14%
60 Days	16.57%	15.82%
90 Days	15.09%	15.94%
12 Months	48.78%	60.85%

28 Overlapping Holdings

Symbol	Grade	Weight in QABA	Weight in KBE	Overlap
BANR	B	1.23%	0.75%	0.75%
CATY	B	1.82%	0.97%	0.97%
CBSH	A	4.51%	1.18%	1.18%
CVBF	A	1.54%	1.02%	1.02%
FFBC	A	1.35%	0.61%	0.61%
FFIN	B	2.88%	1.13%	1.13%
FHB	A	1.7%	0.88%	0.88%
FIBK	A	1.7%	1.1%	1.1%
FRME	B	1.24%	0.56%	0.56%
FULT	A	1.86%	1.19%	1.19%
HWC	B	2.5%	1.17%	1.17%
IBOC	A	2.18%	0.89%	0.89%
INDB	B	1.49%	0.97%	0.97%
LKFN	B	0.92%	0.45%	0.45%
OZK	B	2.64%	1.17%	1.17%
PPBI	B	1.3%	0.78%	0.78%
SBCF	A	1.23%	0.72%	0.72%
SFNC	B	1.5%	0.64%	0.64%
TBBK	B	1.29%	1.14%	1.14%
TCBI	B	2.0%	1.24%	1.24%
TFIN	A	1.15%	0.79%	0.79%
TRMK	B	1.14%	0.61%	0.61%
UBSI	B	2.79%	1.14%	1.14%
UMBF	B	2.92%	1.17%	1.17%
WAFD	B	1.46%	0.83%	0.83%
WSBC	A	1.17%	0.44%	0.44%
WSFS	A	1.66%	0.81%	0.81%
WTFC	A	4.24%	1.27%	1.27%

QABA Overweight 93 Positions Relative to KBE

Symbol	Grade	Weight
BANF	B	1.98%
TFSL	A	1.97%
TOWN	B	1.29%
NBTB	B	1.14%
EFSC	B	1.08%
SYBT	B	1.07%
CASH	A	0.97%
CLBK	B	0.95%
FBNC	A	0.94%
CHCO	B	0.94%
NWBI	B	0.91%
MBIN	D	0.9%
SASR	B	0.84%
HOPE	B	0.8%
STBA	B	0.79%
VBTX	B	0.78%
SRCE	B	0.78%
TCBK	B	0.77%
QCRH	A	0.75%
WABC	B	0.74%
BUSE	B	0.74%
GABC	B	0.66%
RBCAA	B	0.65%
DCOM	A	0.65%
PFBC	B	0.62%
PEBO	A	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	A	0.49%
CCB	A	0.48%
FMBH	B	0.48%
HFWA	B	0.44%
CFFN	B	0.44%
UVSP	B	0.44%
EGBN	B	0.42%
OSBC	A	0.41%
FCBC	B	0.41%
BFST	C	0.41%
CFB	B	0.41%
IBCP	B	0.39%
MBWM	B	0.39%
NBN	B	0.39%
HBNC	B	0.39%
ORRF	B	0.38%
SMBC	B	0.37%
HAFC	A	0.37%
GSBC	B	0.36%
CAC	B	0.34%
TRST	A	0.34%
FSBC	B	0.34%
MOFG	A	0.33%
HTBI	B	0.32%
CCBG	B	0.32%
HTBK	A	0.32%
WASH	C	0.32%
MPB	B	0.31%
SPFI	B	0.31%
PGC	C	0.31%
HIFS	B	0.3%
CASS	B	0.3%
CCNE	B	0.29%
THFF	B	0.29%
ESQ	A	0.29%
MSBI	B	0.28%
FMNB	B	0.28%
HONE	B	0.28%
NFBK	B	0.28%
BCAL	B	0.27%
AROW	B	0.27%
KRNY	B	0.26%
SHBI	A	0.26%
FFIC	B	0.25%
NRIM	A	0.23%
TCBX	A	0.23%
RBB	B	0.22%
CARE	C	0.22%
BSRR	B	0.22%
EBTC	B	0.22%
BMRC	B	0.21%
NECB	B	0.2%
BWB	B	0.2%
FISI	A	0.2%
NEWT	B	0.18%
INBK	B	0.17%
WSBF	C	0.15%
FRST	B	0.15%
FLIC	B	0.15%
SBSI	B	0.05%

QABA Underweight 65 Positions Relative to KBE

Symbol	Grade	Weight
APO	B	-1.45%
WFC	A	-1.42%
WBS	A	-1.37%
EWBC	A	-1.32%
PNFP	B	-1.32%
FHN	A	-1.3%
MTB	A	-1.29%
ZION	B	-1.29%
GBCI	B	-1.29%
AX	A	-1.28%
CFR	B	-1.28%
SNV	B	-1.27%
COLB	A	-1.27%
ASB	B	-1.26%
NTRS	A	-1.25%
HBAN	A	-1.25%
JXN	C	-1.22%
BAC	A	-1.22%
KEY	B	-1.21%
C	A	-1.21%
BOH	B	-1.21%
RF	A	-1.21%
FCNCA	A	-1.21%
JPM	A	-1.21%
VLY	B	-1.21%
CADE	B	-1.2%
CMA	A	-1.2%
EQH	B	-1.19%
FNB	A	-1.19%
CFG	B	-1.18%
PNC	B	-1.18%
BKU	A	-1.16%
BK	A	-1.16%
USB	A	-1.15%
PB	A	-1.15%
HOMB	A	-1.15%
CRBG	B	-1.14%
ABCB	B	-1.14%
ONB	B	-1.14%
SSB	B	-1.13%
FITB	A	-1.13%
TFC	A	-1.13%
BANC	A	-1.13%
VOYA	B	-1.1%
WAL	B	-1.1%
FBP	B	-1.04%
COOP	B	-1.04%
AUB	B	-1.03%
EBC	B	-1.03%
PFS	B	-1.0%
CBU	B	-0.99%
MTG	C	-0.99%
BPOP	B	-0.99%
WD	D	-0.99%
RDN	C	-0.98%
BOKF	B	-0.94%
NMIH	D	-0.93%
UCB	A	-0.91%
SFBS	B	-0.9%
PFSI	D	-0.9%
ESNT	D	-0.89%
RNST	B	-0.82%
IBTX	B	-0.77%
RKT	F	-0.69%
HTH	B	-0.58%