QABA vs. MRGR ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to ProShares Merger ETF (MRGR)
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

$54.07

Average Daily Volume

9,793

Number of Holdings *

121

* may have additional holdings in another (foreign) market
MRGR

ProShares Merger ETF

MRGR Description The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$42.15

Average Daily Volume

679

Number of Holdings *

29

* may have additional holdings in another (foreign) market
Performance
Period QABA MRGR
30 Days 6.34% 0.52%
60 Days -0.22% 1.59%
90 Days 6.38% 3.01%
12 Months 36.11% 8.21%
1 Overlapping Holdings
Symbol Grade Weight in QABA Weight in MRGR Overlap
SASR A 0.8% 2.44% 0.8%
QABA Overweight 120 Positions Relative to MRGR
Symbol Grade Weight
CBSH A 4.31%
WTFC B 4.13%
FFIN D 2.87%
UMBF A 2.81%
UBSI A 2.74%
OZK B 2.74%
HWC A 2.43%
IBOC B 2.09%
TFSL B 1.97%
TCBI B 1.96%
BANF B 1.96%
FIBK B 1.82%
CATY A 1.79%
FULT B 1.76%
FHB A 1.67%
WSFS D 1.64%
SFNC A 1.6%
WAFD D 1.51%
CVBF B 1.49%
TBBK D 1.46%
INDB B 1.45%
TOWN D 1.34%
FFBC A 1.32%
PPBI B 1.31%
SBCF B 1.26%
BANR A 1.21%
FRME C 1.15%
TRMK B 1.15%
TFIN B 1.14%
NBTB D 1.14%
MBIN F 1.1%
EFSC B 1.08%
SYBT B 1.06%
WSBC A 0.98%
CLBK D 0.97%
CASH A 0.95%
FBNC D 0.93%
CHCO A 0.93%
NWBI C 0.92%
LKFN B 0.91%
HOPE D 0.84%
VBTX B 0.81%
STBA D 0.8%
TCBK C 0.79%
SRCE C 0.79%
BUSE D 0.76%
WABC B 0.75%
QCRH B 0.72%
DCOM B 0.65%
RBCAA B 0.64%
GABC A 0.64%
PFBC B 0.62%
PEBO B 0.6%
OCFC A 0.57%
AMAL B 0.56%
SBSI D 0.54%
BHRB C 0.52%
FMBH D 0.51%
BRKL A 0.51%
CTBI B 0.51%
CNOB D 0.51%
BFC B 0.5%
CFFN A 0.48%
PFC A 0.47%
UVSP B 0.45%
CCB A 0.44%
EGBN A 0.44%
FCBC D 0.42%
HFWA A 0.42%
CFB D 0.42%
ORRF A 0.4%
BFST A 0.4%
OSBC B 0.4%
HAFC A 0.38%
HBNC A 0.38%
MBWM D 0.38%
NBN A 0.37%
IBCP D 0.37%
GSBC C 0.37%
SMBC B 0.36%
FSBC B 0.35%
TRST D 0.34%
CAC A 0.33%
MOFG C 0.33%
HTBI D 0.32%
HTBK D 0.32%
WASH B 0.32%
CCBG A 0.32%
PGC A 0.31%
HIFS B 0.31%
CASS B 0.31%
ESQ A 0.3%
SPFI C 0.3%
CCNE B 0.29%
NFBK C 0.28%
HONE D 0.28%
FMNB D 0.28%
MPB B 0.28%
MSBI A 0.27%
THFF B 0.27%
AROW A 0.26%
SHBI B 0.26%
KRNY B 0.25%
BCAL B 0.25%
FFIC B 0.24%
CARE B 0.23%
NECB B 0.22%
EBTC B 0.22%
TCBX A 0.22%
RBB D 0.22%
BWB C 0.22%
BSRR D 0.22%
FISI D 0.21%
NRIM D 0.2%
NEWT B 0.19%
BMRC A 0.19%
FLIC C 0.16%
FRST F 0.16%
WSBF B 0.16%
INBK C 0.16%
QABA Underweight 28 Positions Relative to MRGR
Symbol Grade Weight
HTLF A -3.12%
IBTX B -2.79%
DFS A -2.57%
INFN B -2.54%
EDR A -2.48%
SMAR A -2.41%
LBPH A -2.4%
B A -2.39%
EVRI A -2.39%
NAPA A -2.38%
K A -2.36%
ZUO A -2.36%
PETQ A -2.35%
ENV A -2.34%
RCM A -2.34%
INST A -2.33%
JNPR A -2.33%
SRCL A -2.32%
HCP A -2.29%
ALE A -2.29%
AXNX A -2.27%
CTLT D -2.21%
ANSS C -2.2%
SPR C -2.11%
MRO C -2.06%
HES B -1.87%
RVNC C -1.87%
CHX F -1.68%
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