First Trust AAA CMBS ETF
$19.88−0.13 (−0.62%)
- 0.46%
- $35M
- +2.0%
- 4.76%
- 6.02K sh
- low $19.65high $20.85
The ETF.net CAAA Grade
D
Score 35 out of 100
- 19 of 25
Score 35 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D27 out of 100Rank 17 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.D30 out of 100Rank 18 of 21Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B56 out of 100Rank 7 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D36 out of 100Rank 19 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D39 out of 100Rank 19 of 25Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D39 out of 100Rank 19 of 25
Our read on CAAA
In short
DMost mortgage-bond ETFs buy Fannie and Freddie home loans. CAAA goes commercial: an actively run book of AAA-rated bonds backed by offices, hotels and apartment buildings, bought at the top rung of the deal structure.
Stated mandate
The Fund seeks to maximize long-term total return.
Why people hold it
Worth knowing
CAAA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CAAA$10,198
Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CAAA |
|---|---|
| Year to date | +1.1% |
| 1 month | +1.4% |
| 3 months | +0.1% |
| 1 year | +2.0% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CAAA |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +8.0% | |
| 2024 | +4.7% |
CAAA in the news
CAAA Dividends
- 4.76%
- $0.95
- $0.07 per share
- Monthly
CAAA Risk
- 3.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.15
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −2.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.11
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CAAA Cost
Overpaying vs VMBS, tied cheapest in Mortgage-Backed Securities
$8,592
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CAAA 0.46%
$9,230
VMBS 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | CAAA | VMBS | Overpaying |
|---|---|---|---|
| 10 | $830 | $55 | $775 |
| 20 | $3,195 | $216 | $2,979 |
| 30 | $9,230 | $638 | $8,592 |
Other funds in Mortgage-Backed Securities
- CMTGPWisdomTree Mortgage Plus Bond FundExpense ratio 0.46%1 year return +0.9%
- DTSECTouchstone Securitized Income ETFExpense ratio 0.40%1 year return +3.0%
- DSCIOFirst Trust Structured Credit Income Opportunities ETFExpense ratio 0.86%1 year return +2.4%
- DGISCGuggenheim Securitized Income ETFExpense ratio 0.47%1 year return
- DMBSAngel Oak Mortgage-Backed Securities ETFExpense ratio 0.49%1 year return +0.5%
