First Trust AAA CMBS ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.
First Trust AAA CMBS ETF CAAA
Morningstar’s Analysis CAAA
Will CAAA outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the CAAA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CAAA’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 33.8
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
2 Year Treasury Note Future Sept 26 | 18.62 | 9M | Government |
10 Year Treasury Note Future Sept 26 | 5.19 | 2M | Government |
Morgan Stanley Instl Lqudty Trs Instl | 1.89 | 881,035 | Cash and Equivalents |
BX TRUST 2025-ARIA 5.19876% | 1.40 | 653,052 | Securitized |
BX TRUST 2025-DELC 5.17539% | 1.29 | 602,569 | Securitized |
2023-MIC TRUST/THE 8.73151% | 1.20 | 560,279 | Securitized |
BSTN COML MTG TR 2025-1C 5.36898% | 1.20 | 559,937 | Securitized |
Swch Commercial Mortgage Trust 2025-Data 5.06829% | 1.19 | 552,442 | Securitized |
CENT TRUST 2025-CITY 5.09093% | 1.18 | 550,547 | Securitized |
CHI COMMERCIAL MORTGAGE TRUST 2025- 5.48216% | 1.13 | 526,575 | Securitized |
United States