First Trust Exchange-Traded Fund IV First Trust Commercial Mortgage Opportunities ETF
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About First Trust Exchange-Traded Fund IV First Trust Commercial Mortgage Opportunities 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
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 quantitative and qualitative methods to assess each security's risk-versus-reward characteristics against other eligible securities. The fund has no geographical, duration, or maturity restrictions. However, it seeks a weighted average portfolio duration of +/- two years of Bloomberg Non-Agency Investment Grade CMBS: US Aggregate Eligible Aaa Index's weighted average duration. The fund will not invest in CMBS with a credit rating below A-. Lastly, the fund may use derivatives such as futures, forwards, options, and swaps to manage risk, reduce transaction costs, obtain exposure to the CMBS market, manage cash flows, and/or preserve capital.
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%
Securitized91.85%
Mutual fund7.99%
Cash0.16%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CAAA last dividends amounted to 0.11 USD. The month before, the issuer paid 0.11 USD in dividends,
CAAA assets under management is 16.27 M USD. It's risen 0.24% over the last month.
CAAA fund flows account for 1.03 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 5.90%. The last dividend (May 30, 2025) amounted to 0.11 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 0.56% meaning you'd have to pay 0.56% 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 0.17% over the last month, and its yearly performance shows a 0.68% increase. See more dynamics on CAAA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.32% over the last month, showed a −0.12% decrease in three-month performance and has increased by 0.98% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.32% over the last month, showed a −0.12% decrease in three-month performance and has increased by 0.98% in a year.
CAAA trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.