First Trust NASDAQ ABA Community Bank Index Fund

First Trust NASDAQ ABA Community Bank Index Fund is an exchange-traded fund that seeks to track the performance of the NASDAQ OMX ABA Community Bank Index. The fund focuses on U.S. community banks and thrifts, giving investors broad exposure to a concentrated segment of the financial services industry. It typically invests in the securities that make up the index and emphasizes smaller regional banking institutions rather than the largest national banks. The portfolio is built from a diversified mix of bank stocks, with holdings drawn from community-oriented lenders across the United States. First Trust NASDAQ ABA Community Bank Index Fund plays a niche role in the market by providing targeted access to the community banking sector, which is closely tied to local lending, deposit gathering, and relationship-based financial services.