Trade First Trust NASDAQ ABA Community Bank Index Fund - QABA CFD

First Trust NASDAQ ABA Community Bank Index Fund Company profile

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® ABA Community Bank IndexSM.The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks that comprise the index. Community banks are often impacted by very different factors than giant Wall Street institutions, and as such QABA may offer be a way to complement exposure to big banks or to achieve financial exposure in a different manner. The hyper-targeted nature of this fund may diminish its appeal to those constructing long-term portfolios, but QABA can be an effective tool for establishing a tactical tilt, especially for opportunistic investors.