---
ticker: "CMBS"
name: "iShares CMBS ETF"
url: "https://etf.net/etf/CMBS"
grade: "C"
score: 52
graded_at: "2026-10-12"
category: "Mortgage-Backed Securities"
category_rank: "10 of 25"
methodology: "https://etf.net/methodology"
---

# CMBS: iShares CMBS ETF

Grade **C**, Score 52 of 100. Rank 10 of 25 in Mortgage-Backed Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 67 | 8 of 25 |
| Mission | 20 | 18 of 20 |
| Risk | 60 | 8 of 25 |
| Tradability | 45 | 13 of 25 |
| Holdings | 81 | 5 of 25 |
| Durability | 68 | 7 of 25 |

## Top holdings

The fund holds 441 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | FHMS_K163 A2 5.00% 03/25/2034 | 1.19% |
| 2 | — | FHMS_K108 A2 1.52% 03/25/2030 | 1.18% |
| 3 | — | FHMS_K098 A2 2.42% 08/25/2029 | 0.96% |
| 4 | — | FNMA_22-M10 A2 1.99% 01/25/2032 | 0.92% |
| 5 | — | FHMS_K173 A2 4.60% 09/25/2035 | 0.86% |
| 6 | — | USD Cash | 0.84% |
| 7 | — | BBCMS_24-5C29 A2 4.74% 09/15/2057 | 0.78% |
| 8 | — | FHMS_K157 A2 4.20% 05/25/2033 | 0.75% |
| 9 | — | FHMS_K094 A2 2.90% 06/25/2029 | 0.74% |
| 10 | — | FHMS_K-176 A2 4.38% 01/25/2064 | 0.74% |
| 11 | — | CSAIL_19-C15 A4 4.05% 03/15/2052 | 0.72% |
| 12 | — | BBCMS_25-C32 A5 5.72% 02/15/2062 | 0.71% |
| 13 | — | BMARK_25-V14 A3 5.18% 04/15/2057 | 0.68% |
| 14 | — | BMO_24-5C8 A2 5.15% 12/15/2057 | 0.68% |
| 15 | — | BBCMS_18-C2 A5 4.31% 12/15/2051 | 0.66% |
| 16 | — | FHMS_K-165 A2 4.49% 09/25/2034 | 0.65% |
| 17 | — | GSMS_19-GC42 A3 2.75% 09/10/2052 | 0.64% |
| 18 | — | FHMS_K-171 A2 4.40% 06/25/2035 | 0.64% |
| 19 | — | FHMS_K085 A2 4.06% 10/25/2028 | 0.64% |
| 20 | — | FHMS_K089 A2 3.56% 01/25/2029 | 0.60% |
| 21 | — | FREMF_K136 A2 2.13% 11/25/2031 | 0.57% |
| 22 | — | FNMA_20-M1 A2 2.44% 10/25/2029 | 0.54% |
| 23 | — | FHMS_K117 A2 1.41% 08/25/2030 | 0.54% |
| 24 | — | FHMS_K111 A2 1.35% 05/25/2030 | 0.50% |
| 25 | — | FHMS_K124 A2 1.66% 12/25/2030 | 0.50% |
| 26 | — | FNMA_21-M4 A2 1.51% 02/25/2031 | 0.49% |
| 27 | — | FNMA_19-M7 A2 3.14% 04/25/2029 | 0.48% |
| 28 | — | FNMA_19-M5 A2 3.27% 02/25/2029 | 0.47% |
| 29 | — | FHMS_K104 A2 2.25% 01/25/2030 | 0.46% |
| 30 | — | FNMA_20-M20 A2 1.44% 10/25/2029 | 0.46% |

Source: etf.net, https://etf.net/etf/CMBS. Please cite the page URL.