First Trust NASDAQ ABA Community Bank Index Fund
ALTAR
Score™
8.5% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
20.2x P/Sales
ratio
3.2x
P/BV
ratio
1.1x Div.
yield
3.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
First Trust NASDAQ ABA Community Bank Index Fund seeks investment results that correspond generally to the price and yield of the ABA Community Bank Index.

FUND BASICS
Category US Equities
Fund Sponsor First Trust Advisors LP
Website www.ftportfolios.com
Inception date Jun 29, 2009
Assets (mns) $80
Currency USD
Expense ratio 60 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Bank of New York Mellon
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 162
Wgt avg mkt cap (mns) $2,101
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 43.9%
Small cap (<$2bn) 55.7%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
COMMERCE BANCSHARES INC 3.6 %
SOUTH STATE CORP 2.4 %
TFS FINANCIAL CORP 2.3 %
BOK FINANCIAL CORPORATION 2.3 %
FIRST FINL BANKSHARES INC 2.3 %
FIRST CITIZENS BCSHS -CL A 2.3 %
PINNACLE FINANCIAL PARTNERS 2.0 %
POPULAR INC 2.0 %
GLACIER BANCORP INC 1.9 %
UNITED BANKSHARES INC 1.9 %
Total 23.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.9 %
PUERTO RICO 2.0 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-28.0% -23.5% 0.4% 7.0% 6.5%

Market Correlations
versus... Beta R-squared
S&P500 1.10 56%
MSCI EAFE 1.15 51%
MSCI Emg. Mkts. 0.92 49%

Technical Indicators
Recent close $43.05
30d moving avg. $39.16
Annualized volatility 26.3%
Short interest (ETF) 1.1%
Short interest (Underlying) 4.6%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 27
Turnover 1.5%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $802

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the First Trust NASDAQ ABA Community Bank Index Fund ETF based on the alternatives' overlap in portfolio holdings with QABA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: QABA Expense: 60 bp ALTAR Score™: 8.5%


ALTERNATIVE ETFs BASED ON OVERLAP WITH QABA
Ticker Fund
Name
Overlap1
vs QABA
(%)
Expense
ratio
(bp)
Savings
vs QABA
(bp)
ALTAR
Score™
(%)
ALTAR
vs QABA
(%)
KBWR Invesco KBW Regional Banking ETF 41.5 35 25 8.8 +0.3
KRE SPDR S&P Regional Banking ETF 30.1 35 25 8.5 +0.0
PSCF Invesco S&P SmallCap Financials ETF 27.5 29 31 9.6 +1.1
KBE SPDR S&P Bank ETF 24.2 35 25 9.0 +0.5
FYT First Trust Small Cap Value AlphaDEX Fund 18.2 72 -12 9.2 +0.7
IAT iShares U.S. Regional Banks ETF 15.2 42 18 8.9 +0.4
DES WisdomTree U.S. SmallCap Dividend Fund 14.5 38 22 7.4 -1.1
TPSC Timothy Plan US Small Cap Core ETF 13.6 52 8 6.5 -2.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 13.3 35 25 6.8 -1.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value ETF 13.2 29 31 5.4 -3.1
IWN iShares Russell 2000 Value ETF 12.5 24 36 5.7 -2.8
EES WisdomTree SmallCap Earnings Fund 11.5 38 22 8.8 +0.4
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF 11.4 12 48 6.6 -1.9
FYX First Trust Small Cap Core AlphaDEX Fund 11.0 63 -3 6.4 -2.1
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 10.9 35 25 7.0 -1.5
IWC iShares Micro-Cap ETF 10.6 60 0 -3.7 -12.1
PSC Principal U.S. Small Cap Index ETF 10.5 38 22 5.3 -3.2
VIOV Vanguard S&P Small-Cap 600 Value ETF 10.4 15 45 7.5 -1.0
FXO First Trust Financials AlphaDEX Fund 10.3 63 -3 10.3 +1.9
SLYV SPDR S&P 600 Small Cap Value ETF 10.1 15 45 7.7 -0.8
VTWV Vanguard Russell 2000 Value Index Fund 10.1 15 45 5.8 -2.7
IJS iShares S&P Small-cap 600 Value ETF 10.1 25 35 7.6 -0.9
SMDV ProShares Russell 2000 Dividend Growers ETF 10.0 41 19 5.8 -2.7
AVUV Avantis U.S. Small Cap Value ETF 9.8 25 35 6.9 -1.6
CSML IQ Chaikin U.S. Small Cap ETF 9.3 35 25 3.5 -5.0
RNSC Small Cap US Equity Select ETF 9.1 60 0 6.8 -1.7
DEEP Roundhill Acquirers Deep Value ETF 9.0 80 -20 8.3 -0.2
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 8.9 35 25 8.5 -0.0
BFOR Barron's 400 ETF 7.8 65 -5 6.0 -2.5
SDVY First Trust SMID Cap Rising Dividend Achievers ETF 7.8 60 0 6.6 -1.9
XSHQ Invesco S&P SmallCap Quality ETF 7.7 29 31 6.0 -2.5
OMFS Invesco Russell 2000 Dynamic Multifactor ETF 7.6 39 21 4.7 -3.8
XSVM Invesco S&P SmallCap Value with Momentum ETF 7.6 39 21 7.9 -0.6
PXMV Invesco S&P MidCap Value with Momentum ETF 7.5 39 21 8.4 -0.1
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF 7.2 41 19 5.6 -2.9
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity ETF 7.1 20 40 4.2 -4.3
SLY SPDR S&P 600 Small Cap ETF 7.0 15 45 6.2 -2.3
SPSM SPDR Portfolio Small Cap ETF 7.0 5 55 6.3 -2.2
RYJ Invesco Raymond James SB-1 Equity ETF 7.0 76 -16 3.2 -5.3
IJR iShares Core S&P Small Cap ETF 6.9 6 54 6.3 -2.2
VIOO Vanguard S&P Small-Cap 600 ETF 6.8 10 50 6.1 -2.4
EWSC Invesco S&P Smallcap 600 Equal Weight ETF 6.7 40 20 6.1 -2.4
XSLV Invesco S&P SmallCap Low Volatility ETF 6.7 25 35 5.1 -3.4
IWM iShares Russell 2000 ETF 6.6 19 41 2.9 -5.6
VTWO Vanguard Russell 2000 Index Fund 6.5 10 50 3.0 -5.5
JKJ iShares Morningstar Small-Cap ETF 6.3 25 35 5.6 -2.9
PRFZ Invesco FTSE RAFI US 1500 Small-Mid ETF 6.3 39 21 4.1 -4.4
AIRR First Trust RBA American Industrial Renaissance ETF 6.1 70 -10 5.9 -2.6
VFLQ Vanguard U.S. Liquidity Factor ETF 6.1 14 46 3.7 -4.8
KSCD KFA Small Cap Quality Dividend Index ETF 6.1 51 9 5.0 -3.5
SQLV Legg Mason Small-Cap Quality Value 6.0 62 -2 5.5 -3.0
EZM WisdomTree U.S. MidCap Earnings Fund 5.9 38 22 7.6 -0.9
JKL iShares Morningstar Small Cap Value ETF 5.9 30 30 8.3 -0.2
FNK First Trust Mid Cap Value AlphaDEX Fund 5.8 70 -10 8.6 +0.1
FOVL iShares Focused Value Factor ETF 5.8 25 35 8.6 +0.1
ROGS Hartford Multifactor Global Small Cap ETF 5.8 34 26 7.2 -1.3
FAB First Trust Multi Cap Value AlphaDEX Fund 5.7 71 -11 8.2 -0.3
DGRS WisdomTree US SmallCap Quality Dividend Growth Fund 5.7 38 22 7.6 -0.9
IEFN iShares Evolved U.S. Financials ETF 5.7 18 42 8.1 -0.4
ISMD Inspire Small/Mid Cap Impact ETF 5.6 60 0 4.2 -4.3
AFSM First Trust Active Factor Small Cap ETF 5.6 75 -15 5.1 -3.4
IJJ iShares S&P Mid-Cap 400 Value ETF 5.5 25 35 7.2 -1.3
MDYV SPDR S&P 400 Mid Cap Value ETF 5.5 15 45 7.3 -1.2
SCHA Schwab U.S. Small-Cap ETF 5.4 4 56 4.1 -4.4
FTXO First Trust Nasdaq Bank ETF 5.0 60 0 7.6 -0.9
VIOG Vanguard S&P Small-Cap 600 Growth ETF 4.9 16 44 4.7 -3.8
VFQY Vanguard U.S. Quality Factor ETF 4.8 13 47 5.8 -2.7
EWMC Invesco S&P MidCap 400 Equal Weight ETF 4.7 40 20 6.2 -2.3
FNCL Fidelity MSCI Financials Index ETF 4.7 8 52 7.7 -0.8
ESML iShares MSCI USA Small-Cap ESG Optimized ETF 4.7 17 43 4.3 -4.2
PBSM Invesco PureBeta MSCI USA Small Cap ETF 4.7 6 54 4.5 -4.0
IVOV Vanguard S&P Mid-Cap 400 Value ETF 4.7 15 45 7.3 -1.2
VBR Vanguard Small Cap Value Index Fund 4.7 7 53 7.1 -1.4
PSM Principal U.S. Small-MidCap Multi-Factor Core Index ETF 4.7 20 40 7.8 -0.7
VFH Vanguard Financials Index Fund 4.5 10 50 7.7 -0.8
OSCV Opus Small Cap Value Plus ETF 4.5 79 -19 5.1 -3.4
PEY Invesco High Yield Equity Dividend Achievers ETF 4.4 52 8 8.6 +0.1
DON WisdomTree U.S. MidCap Dividend Fund 4.3 38 22 6.8 -1.7
BKSE BNY Mellon US Small Cap Core Equity ETF 4.2 4 56 5.1 -3.4
RFV Invesco S&P Midcap 400 Pure Value ETF 4.2 35 25 7.9 -0.6
SLYG SPDR S&P 600 Small Cap Growth ETF 4.1 15 45 4.9 -3.6
IJT iShares S&P Small-Cap 600 Growth ETF 4.0 25 35 4.8 -3.7
FDM First Trust Dow Jones Select Microcap Index Fund 3.8 60 0 2.5 -6.0
NUSC Nuveen ESG Small-Cap ETF 3.8 40 20 4.2 -4.3
STSB iShares Factors US Small Blend Style ETF 3.7 35 25 2.9 -5.6
FNDA Schwab Fundamental U.S. Small Co. Index ETF 3.6 25 35 6.2 -2.3
FGD First Trust Dow Jones Global Select Dividend Index Fund 3.5 59 1 10.4 +2.0
VFMF Vanguard U.S. Multifactor ETF 3.4 19 41 6.5 -2.0
TMDV ProShares Russell US Dividend Growers ETF 3.1 36 24 5.3 -3.2
JHSC John Hancock Multifactor Small Cap ETF 3.1 42 18 4.9 -3.6
EQWM Invesco S&P MidCap Quality ETF 3.1 25 35 5.9 -2.6
FNX First Trust Mid Cap Core AlphaDEX Fund 3.0 61 -1 5.7 -2.8
KBWD Invesco KBW High Dividend Yield Financial ETF 3.0 158 -98 10.8 +2.3
SPMD SPDR Portfolio Mid Cap ETF 3.0 5 55 5.8 -2.7
MDY SPDR S&P Midcap 400 ETF Trust 3.0 23 37 5.6 -2.9
IJH iShares Core S&P Mid-Cap ETF 3.0 5 55 5.8 -2.7
IVOO Vanguard S&P Mid-Cap 400 ETF 2.9 10 50 5.8 -2.7
WBIY WBI Power Factor High Dividend ETF 2.8 70 -10 9.0 +0.5
FSMD Fidelity Small-Mid Factor ETF 2.8 29 31 5.7 -2.8

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
First Trust NASDAQ ABA Community Bank Index Fund
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 9.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 60 bp
Equals: ALTAR Score 8.5 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.62 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.