About First Trust NASDAQ ABA Community Bank Index Fund (QABA)

First Trust NASDAQ ABA Community Bank Index Fund (QABA) is an exchange-traded fund that seeks to track the performance of the NASDAQ OMX ABA Community Bank Index. The fund holds a portfolio of stocks of community banks in the United States, providing investors with exposure to this specific sector of the financial industry.

QABA aims to replicate the performance of the index, which includes community banks that are members of the American Bankers Association (ABA) and meet certain eligibility criteria. These criteria include being headquartered in the United States, having a market capitalization greater than $200 million, and meeting liquidity requirements.