ABA NASDAQ Indices

ABA NASDAQ Community Bank Index (ABAQ)

Launched on December 2, 2003

This index is the most broadly representative stock index of the community bank industry. Also know as the "composite index" the ABAQ included more than 367 banks with a market capitalization of approximately $210 billion as of June 2016.

NASDAQ OMX ABA Community Bank Index (ABQI)

Launched on June 8, 2009

The "ABQI" index tracks the performance of the most actively traded community banks of the composite Index (ABAQ).

First Trust NASDAQ ABA Community Bank Fund (QABA)

This exchange-traded fund is sponsored by First Trust Advisors, LLC and seeks investment results that correspond generally to the price/yield of the NASDAQ OMX ABA Community Bank Index. Additional information about QABA

ABA NASDAQ Community Bank Total Return Index (XABQ)

The ABA total return index values include reinvestment of all cash distributions of ABAQ index members on the ex-date. The total return index value index is calculated daily and shows the price appreciation or depreciation plus dividend yield of the component securities. The total return index values for the ABCX was synchronized to the value of the original index at the close on December 4, 2003. Read more about XABQ

ABA NASDAQ Indices Methodology & Definitions

Index Composition & Methodology

The ABA NASDAQ Community Bank Index (ABAQ) includes all NASDAQ listed banks and thrifts or their holding companies that are designated as banks by the Industry Classification Benchmark (or that which the American Bankers Association determines should be classified as such), excluding the following:

• Any of the 50 largest banks or thrifts based on asset size (and their holding companies), as determined by the most recently available call report data as compiled by the FDIC.
• Any banks or thrifts classified as having an "international specialization," as determined by the most recently available call report data as compiled by the FDIC, provided that such institutions constitute the majority of assets if in a holding company.
• Any banks or thrifts classified as having a "Credit-card Specialization," as determined by the most recently available call report data as compiled by the FDIC, provided that such institutions constitute the majority of assets if in a holding company.

The Index is weighted by market capitalization and split/spin-off adjusted. This index is calculated on both an intraday price return and total return basis.

The Nasdaq OMX ABA Community Bank Index (ABQI) tracks the most actively traded components of the ABAQ Index. To be included in the ABQI Index, institutions must meet two qualifications in addition to all of the criteria listed above:

• A security must have a market capitalization of at least $200 million and a three-month average daily dollar trading volume of at least $500 thousand.
• The security must meet certain operating history, solvency and financial statement requirements to remain eligible for inclusion in the ABQI Index.

The ABQI Index is rebalanced quarterly and reconstituted semi-annually.

Index Calculations

• The ABAQ composite Index is calculated intraday every second and disseminated over the NASDAQ Index Dissemination Service. It can be accessed through financial data vendors using the ticker symbol ABAQ.
• The total return index is calculated once a day and is available on the NASDAQ website at indexes.nasdaqomx.com/index/overview/XABQ
• The "actively traded" index is calculated intraday and can be accessed through the symbol "ABQI". This index is also calculated to include dividends and is accessed through the symbol "ABQX". Additional information can be found at: indexes.nasdaqomx.com/Index/History/ABQX

Initial Values

• The initial value of the ABAQ Index was set at 250 based on December 2, 2003, closing prices, and includes all banks and thrifts or their holding companies that were listed on September 30, 2003, and met Index criteria on December 2, 2003.
• The initial value of the ABQI index was set at 1000 based on July 7, 2009 closing prices.
• The initial value of the QABA Fund was set at $20.00 per share on July 1, 2009.
• Eligible banks and thrifts or their holding companies are added to the index semiannually on June 1 and December 1, and will be determined based on companies listed at the end of the preceding month that meet Index criteria. Companies no longer listed on the NASDAQ are deleted from the index immediately.

Resources

• Annual Reports
• Total Return Index Value (XABQ)
• Historical Prices
• ABAQ
• ABQI
• QABA
• XABQ
• Component Bank Price Changes
• ABAQ
• ABQI