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.
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.
View the Category ReportMetric | Metric Realtime Rating | A+ Metric Rated ETF |
---|---|---|
Liquidity | B+ | n/a |
Expenses | B+ | n/a |
Performance | ||
Volatility | ||
Dividend | ||
Concentration |
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb.com Category.
Asset | Percentage |
---|---|
Collateralized debt | 99.6% |
ETF Cash Component | 0.4% |
Bond Sector | Percentage |
---|---|
Mortgage Backed | 99.6% |
ETF Cash Component | 0.4% |
Bond Sector | Percentage |
---|---|
Unknown | 99.6% |
Other | 0.4% |
Coupon Range | Percentage |
---|---|
0% to 1% | 0.0% |
1% to 2% | 0.0% |
2% to 3% | 19.07% |
3% to 4% | 62.27% |
4% to 5% | 17.13% |
5% to 6% | 0.56% |
6% to 7% | 0.0% |
7% to 8% | 0.0% |
8% to 9% | 0.0% |
9% to 10% | 0.0% |
Greater Than 10% | 0.0% |
N/A or Unknown | 0.57% |
ETF Cash Component | 0.4% |
Credit | Percentage |
---|---|
AAA | 66.15% |
AA | 4.78% |
A | 1.36% |
BBB | 0.11% |
BB | 0.0% |
B | 0.0% |
Below B | 0.0% |
Not Rated | 3.11% |
Rating Unknown | 24.1% |
ETF Cash Component | 0.4% |
Maturity | Percentage |
---|---|
Less Than 1 Year | 0.05% |
1-3 Years | 5.29% |
3-5 Years | 7.41% |
5-7 Years | 9.94% |
7-10 Years | 15.87% |
10-15 Years | 1.9% |
15-20 Years | 0.0% |
20-30 Years | 32.61% |
30+ Years | 26.53% |
ETF Cash Component | 0.4% |
This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.
This ETF is not currently available for commission free trading on any platforms.
There are 0 other ETFs in the Mortgage Backed Securities ETFdb.com Category that are also eligible for commission free trading:
CMBS does not have an ESG score. There are no ESG themes that map to this ETF.
This section shows how this ETF has performed relative to its peer group ETFdb.com Category.
This section compares the fund flows of this ETF to peers in the same ETFdb.com Category.
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.
This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.
This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.
This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.
Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.