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ABA NASDAQ Indices

Marking a Milestone: Ten Years of the ABAQ - December 4, 2013
ABAQ10

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

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

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

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.


ABA Total Return Index: 5/23/2019  Value: 452.01   -10.41  (-2.25%)   Intraday:  ET  ABAQ   (+0.00ABQI   (+0.00QABA   (+0.00)

​Questions? Please contact Helen Sullivan.

 

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Historical Prices​
Component Bank Price Changes
 

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 ABAQ Disclaimer

 

The financial data and information presented herein relating to the ABA NASDAQ Community Bank Index™ are provided by NASDAQ and CRSP | The Center for Research in Security Prices at the University of Chicago Graduate School of Business, and are believed to be accurate and reliable. Because of the hazards of electronic distribution, the possibility of human and mechanical error, as well as other factors, neither the American BAnkers Association (ABA), nor its affiliates, officers, directors nor employees are responsible for any errors or omissions in the information or its unavailability at any time. All such financial data and information is presented "as is" without warranty of any kind and ABA and its affiliates, officers, directors or employees make no representations and disclaim all express, implied, and statutory warranties of any kind to any party including warranties as to accuracy, timeliness, completeness, merchantability, or fitness for any particular purpose.

NASDAQ disseminates intraday price data for the ABA NASDAQ Community Bank Index™, with assigned symbol ABAQ. The price is refreshed every  second over the NASDAQ Index Dissemination Service, and can be accessed through financial data vendors.

The total return index values are calculated by CRSP | The Center for Research in Securities Prices (CRSP) and include reinvestment of all cash distributions of index members on the ex-date. The closing total index value of each index is calculated daily and shows the price appreciation or depreciation plus dividend yield of the component securities. It is equal to the previous day index value multiplied by the ratio of end-of-day market value plus cash distributions value to the start-of-day market value. The data points for these calculations, and conventions, are NASDAQ specific, and are the same as are used by NASDAQ for the calculation of their price-only indexes.

The total return index values for the ABA NASDAQ Community Bank Index™ was synchronized to the value of the original index at the close on December 4, 2003.