First Trust NASDAQ ABA Community Bank Index Fund
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$45.08
- Net Assets:$0 Million
- NAV:$44.85
- Premium0.51%
- Peer Rank:374 of 397
- Investment Rating:D-
- Performance:E+
- RiskC+
We rate First Trust NASDAQ ABA Commnty Bank at D-. Negative factors that influence this rating include a well below average total return. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking an Equity Income strategy.
Total return ranks well below peers over the last three years. The First Trust NASDAQ ABA Commnty Bank has returned an annual rate of 7.61% since inception. More recently, the fund has generated a total return of 0.97% in the last five years, -5.47% in the last three years, and -12.78% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 19% of them. It has also outpaced 13% of its competitors on a three year basis and 5% of them over the last year for the period ending 2/29/2024. On a year to date basis, QABA has returned -9.92%.
Downside risk has been below average. QABA has a draw down risk of -37.59%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 26.7%. This fund has experienced excessive volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As QABA is an exchange traded fund, it has no front end or back end load.
The First Trust NASDAQ ABA Commnty Bank is managed by David G. McGarel at First Trust Advisors LP. This fund is one of 195 First Trust Advisors LP exchange-traded funds launched since 8/19/2003 that we track.