Key stats
About First Trust AAA CMBS ETF
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Inception date
Feb 28, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
ISIN
US33738D7628
CAAA aims for long-term total return through an actively managed portfolio of AAA-rated commercial mortgage-backed securities. The fund primarily invests in non-agency CMBS, including restricted and interest or principal-only CMBS. The adviser constructs the portfolio using a relative value approach, which utilizes both quantitative and qualitative methods to assess the risk-versus-reward characteristics of each security against those of other eligible securities. The fund has no geographical, duration, or maturity restrictions. However, it aims for a weighted average portfolio duration of +/- two years, based on the Bloomberg Non-Agency Investment Grade CMBS: US Aggregate Eligible Aaa Index. The fund will not invest in CMBS with a credit rating below A-. Lastly, the fund may use derivatives to manage risk or gain exposure to the CMBS market. Before Sep. 2, 2025, the fund was named First Trust Commercial Mortgage Opportunities ETF.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized94.61%
Mutual fund5.31%
Cash0.08%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CAAA last dividends amounted to 0.09 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 11.11% decrease.
CAAA assets under management is 22.71 M USD. It's risen 23.35% over the last month.
CAAA fund flows account for 7.17 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CAAA pays dividends to its holders with the dividend yield of 5.99%. The last dividend (Aug 29, 2025) amounted to 0.09 USD. The dividends are paid monthly.
CAAA shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Feb 28, 2024, and its management style is Active.
CAAA expense ratio is 0.46% meaning you'd have to pay 0.46% of your investment to help manage the fund.
CAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CAAA invests in bonds.
CAAA price has risen by 1.05% over the last month, and its yearly performance shows a −0.41% decrease. See more dynamics on CAAA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.14% increase in three-month performance and has increased by 2.43% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 2.14% increase in three-month performance and has increased by 2.43% in a year.
CAAA trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.