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  • ETF
  • CMBS
    Pricing Data
    Change: $0.04 (-0.0%)
    Time: 05/27/16
    Previous Close: $52.24
  • Category
  • Mortgage Backed Securities
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $50.20
  • 52 Week Hi: $52.76
  • AUM: $242.6 M
  • Shares: 4.7 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 32,352
  • 3 Month Avg. Volume: 43,015

Alternative ETFs in the Mortgage Backed Securities Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF offers targeted exposure to commercial mortgage-backed securities. CMBS separates itself from other offerings in the Mortgage Backed Securities ETFdb Category by focusing specifically on debt which is deemed to be “ERISA eligible”. This means that the underlying holdings must meet the minimum standards for pension plans established by the Employee Retirement Income Security Act of 1974 (ERISA). As such, CMBS focuses on types of bonds that are not necessarily included in broad-based bond funds such as AGG or BND, so this fund might not be all that useful for those building a long-term portfolio (since it is a bit targeted). Nonetheless, CMBS can certainly be very useful as a tactical tool for establishing exposure to this segment in the market for those who believe it offers superior risk adjusted returns or is poised for a period of strong performance. CMBS tends to be tilted towards the long end of the duration spectrum, so investors will be taking on a fair amount of interest rate risk along with some moderate credit risk with this investment. There are a handful of other ETFs in the Mortgage Backed Securities ETFdb Category; investors would be wise to compare the risk and return characteristics of these products before establishing a position.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for CMBS on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Mortgage Backed Securities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

CMBS Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ MBB
Expenses B+ VMBS

Knowledge Centers

CMBS In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

CMBS Holdings

Filings Data as of: May 03, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 0.0%
International Stocks 0.0%
U.S. Bonds 99.44%
International Bonds 0.0%
Preferred Stock 0.0%
Convertibles 0.0%
Cash 0.43%
Other 0.13%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Commercial Mortgage Backed 45.64%
Agency Mortgage Backed 35.5%
Non Agency Residential Mortgage Backed 18.3%
Corporate Bond 0.43%
Option Warrant 0.0%
Covered Bond 0.0%
Cash And Equivalents 0.0%
Sector Swap 0.0%
Asset Backed 0.0%
Preferred 0.0%
Future Forward 0.0%
Convertible 0.0%
Bank Loan 0.0%
US Municipal Tax Advantaged 0.0%
Municipal Taxable 0.0%
Government Related 0.0%
Government 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 1.97%
1% to 2% 5.63%
2% to 3% 23.18%
3% to 4% 45.71%
4% to 5% 12.0%
5% to 6% 7.14%
6% to 7% 3.61%
7% to 8% 0.0%
8% to 9% 0.21%
9% to 10% 0.0%
Greater Than 10% 0.0%

Credit Quality

Credit Percentage
AAA 83.69%
AA 9.75%
A 5.07%
BBB 1.49%
BB 0.0%
B 0.0%
Below B 0.0%
Not Rated 0.0%

Maturity Breakdown

Maturity Percentage
Less Than 1 Year 0.0%
1-3 Years 4.35%
3-5 Years 6.53%
5-7 Years 13.59%
7-10 Years 11.11%
10-15 Years 0.34%
15-20 Years 0.0%
20-30 Years 14.77%
30+ Years 48.76%

CMBS Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 3 other ETFs in the Mortgage Backed Securities ETFdb Category that are also eligible for commission free trading:

CMBS Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Category Low
Category High
4 Week Return
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
No Ranking Available
Category Low
Category High


The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of CMBS relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

CMBS Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
No Ranking Available
Category Low
Category High

CMBS Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

CMBS Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $52.38
  • 60 Day MA: $51.99
  • MACD 15 Period: -0.22
  • MACD 100 Period: 0.44
  • Williams % Range 10 Day: 80.33
  • Williams % Range 20 Day: 69.14
  • RSI 10 Day: 42
  • RSI 20 Day: 50
  • RSI 30 Day: 53
  • Ultimate Oscillator: 60

Bollinger Brands

  • Lower Bollinger (10 Day): $52.06
  • Upper Bollinger (10 Day): $52.57
  • Lower Bollinger (20 Day): $52.00
  • Upper Bollinger (20 Day): $52.75
  • Lower Bollinger (30 Day): $51.77
  • Upper Bollinger (30 Day): $52.73

Support & Resistance

  • Support Level 1: $52.09
  • Support Level 2: $51.98
  • Resistance Level 1: $52.34
  • Resistance Level 2: $52.48


  • Stochastic Oscillator %D (1 Day): 49.09
  • Stochastic Oscillator %D (5 Day): 39.54
  • Stochastic Oscillator %K (1 Day): 57.99
  • Stochastic Oscillator %K (5 Day): 43.02

Fact Sheet

Fact sheets are issued by the ETF provider and framed by Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.