CAAAETF / FundFirst Trust AAA CMBS ETF
Verdicts genuinely change. Free email alert the moment CAAA's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
First Trust AAA CMBS ETF · First Trust Exchange-Traded Fund IV
118 holdings
NON-COMPLIANT At least 6.14% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 94% turns out to be. Matching more holdings can only raise this share, never lower it.
5.09% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
118 holdings, 13 matched (6% of weight). Portfolio as of 2026-07-31, filed 2026-09-22. Source: SEC Form N-PORT.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (118)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | UNSCREENED | 2.01% | no in-house ratios for this holding |
| BX TRUST 2018-BILT | UNSCREENED | 1.84% | no in-house ratios for this holding |
| BX TRUST 2025-DELC | UNSCREENED | 1.71% | no in-house ratios for this holding |
| 2023-MIC TRUST/THE | UNSCREENED | 1.58% | no in-house ratios for this holding |
| BSTN COMMERCIAL MORTGAGE TRUST 2025-1C | UNSCREENED | 1.57% | no in-house ratios for this holding |
| SWCH COMMERCIAL MORTGAGE TRUST 2025-DATA | UNSCREENED | 1.57% | no in-house ratios for this holding |
| CENT TRUST 2025-CITY | UNSCREENED | 1.55% | no in-house ratios for this holding |
| HOUSTON GALLERIA MALL TRUST 2025-HGLR | UNSCREENED | 1.51% | no in-house ratios for this holding |
| CHI COMMERCIAL MORTGAGE TRUST 2025-SFT | UNSCREENED | 1.48% | no in-house ratios for this holding |
| BBCMS 2018-TALL MORTGAGE TRUST | UNSCREENED | 1.46% | no in-house ratios for this holding |
| NY COMMERCIAL MORTGAGE TRUST 2025-299P | UNSCREENED | 1.45% | no in-house ratios for this holding |
| J P MORGAN CHASE COMMERCIAL MORTGAG | UNSCREENED | 1.42% | no in-house ratios for this holding |
| TEXAS COMMERCIAL MORTGAGE TRUST 2025-TWR | UNSCREENED | 1.42% | no in-house ratios for this holding |
| BANK 2020-BNK25 | UNSCREENED | 1.42% | no in-house ratios for this holding |
| GGP TRUST 2026-2PAK | UNSCREENED | 1.41% | no in-house ratios for this holding |
| CONE 2026-DFW3 | UNSCREENED | 1.41% | no in-house ratios for this holding |
| INT COMMERCIAL MORTGAGE TRUST 2025-PLAZA | UNSCREENED | 1.40% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2020-C8 | UNSCREENED | 1.38% | no in-house ratios for this holding |
| VRTX TRUST 2025-HQ | UNSCREENED | 1.37% | no in-house ratios for this holding |
| BENCHMARK 2021-B25 MORTGAGE TRUST | UNSCREENED | 1.29% | no in-house ratios for this holding |
| SKY1 TRUST 2025-LINE | UNSCREENED | 1.28% | no in-house ratios for this holding |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA | UNSCREENED | 1.28% | no in-house ratios for this holding |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2020-420K | UNSCREENED | 1.27% | no in-house ratios for this holding |
| BENCHMARK 2023-B40 MORTGAGE TRUST | UNSCREENED | 1.27% | no in-house ratios for this holding |
| BANK 2020-BNK29 | UNSCREENED | 1.25% | no in-house ratios for this holding |
| BWAY TRUST 2025-1535 | UNSCREENED | 1.18% | no in-house ratios for this holding |
| MANHATTAN WEST 2026-2MW MTG TR | UNSCREENED | 1.15% | no in-house ratios for this holding |
| FS TRUST 2026-ORL | UNSCREENED | 1.14% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2017-C1 | UNSCREENED | 1.13% | no in-house ratios for this holding |
| CALI COMMERCIAL MORTGAGE TRUST 2024-SUN | UNSCREENED | 1.11% | no in-house ratios for this holding |
| BX COMMERCIAL MORTGAGE TRUST 2018-BIOA | UNSCREENED | 1.09% | no in-house ratios for this holding |
| NYO COMMERCIAL MORTGAGE TRUST 2021-1290 | UNSCREENED | 1.07% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2012-LC5 | UNSCREENED | 1.05% | no in-house ratios for this holding |
| BANK 2020-BNK30 | UNSCREENED | 1.03% | no in-house ratios for this holding |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2020-MF1 | UNSCREENED | 1.02% | no in-house ratios for this holding |
| BMO 2025-C12 MORTGAGE TRUST | UNSCREENED | 1.02% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2012-LC5 | UNSCREENED | 1.01% | no in-house ratios for this holding |
| CF 2019-CF1 | UNSCREENED | 1.01% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-B33RP | UNSCREENED | 1.00% | no in-house ratios for this holding |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2021-MF2 | UNSCREENED | 0.98% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2020-C6 | UNSCREENED | 0.97% | no in-house ratios for this holding |
| WHARF COMMERCIAL MORTGAGE TRUST 2025-DC | UNSCREENED | 0.93% | no in-house ratios for this holding |
| SFO COMMERCIAL MORTGAGE TRUST 2021-555 | UNSCREENED | 0.91% | no in-house ratios for this holding |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-GC43 | UNSCREENED | 0.90% | no in-house ratios for this holding |
| ILPT TRUST 2019-SURF | UNSCREENED | 0.90% | no in-house ratios for this holding |
| BMO 2024-C9 MORTGAGE TRUST | UNSCREENED | 0.88% | no in-house ratios for this holding |
| MCR 2024-TWA MORTGAGE TRUST | UNSCREENED | 0.87% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2022-C18 | UNSCREENED | 0.87% | no in-house ratios for this holding |
| ONE NEW YORK PLAZA TRUST 2020-1NYP | UNSCREENED | 0.86% | no in-house ratios for this holding |
| MORGAN STANLEY CAPITAL I TRUST 2019-L2 | UNSCREENED | 0.86% | no in-house ratios for this holding |
| HILT 2025-NVIL | UNSCREENED | 0.86% | no in-house ratios for this holding |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.86% | no in-house ratios for this holding |
| KRE COMMERCIAL MORTGAGE TRUST 2025-AIP4 | UNSCREENED | 0.85% | no in-house ratios for this holding |
| HILTON USA TRUST 2016-HHV | UNSCREENED | 0.85% | no in-house ratios for this holding |
| BANK 2020-BNK26 | UNSCREENED | 0.85% | no in-house ratios for this holding |
| GSMS TRUST 2024-FAIR | UNSCREENED | 0.85% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2018-C2 | UNSCREENED | 0.84% | no in-house ratios for this holding |
| SHOPS COMMERCIAL MORTGAGE TRUST 2026-CSTL | UNSCREENED | 0.84% | no in-house ratios for this holding |
| BENCHMARK 2020-B18 MORTGAGE TRUST | UNSCREENED | 0.82% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2022-C15 | UNSCREENED | 0.82% | no in-house ratios for this holding |
| CITIGROUP COMMERCIAL MORTGAGE TRUST 2019-C7 | UNSCREENED | 0.81% | no in-house ratios for this holding |
| SLG OFFICE TRUST COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES 2021-OVA | UNSCREENED | 0.81% | no in-house ratios for this holding |
| BANK 2021-BNK33 | UNSCREENED | 0.81% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.80% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| MANHATTAN WEST 2020-1MW MORTGAGE TRUST | UNSCREENED | 0.79% | no in-house ratios for this holding |
| NRTH 2024-PARK MORTGAGE TRUST | UNSCREENED | 0.78% | no in-house ratios for this holding |
| BBCMS MORTGAGE TRUST 2025-C35 | UNSCREENED | 0.78% | no in-house ratios for this holding |
| BANK 2020-BNK27 | UNSCREENED | 0.77% | no in-house ratios for this holding |
| BMO 2023-C5 MORTGAGE TRUST | UNSCREENED | 0.76% | no in-house ratios for this holding |
| BMO 2025-C13 MORTGAGE TRUST | UNSCREENED | 0.76% | no in-house ratios for this holding |
| DBJPM 2016-SFC MORTGAGE TRUST | UNSCREENED | 0.76% | no in-house ratios for this holding |
| BX TRUST 2018-BILT | UNSCREENED | 0.74% | no in-house ratios for this holding |
| JW TRUST 2024-BERY | UNSCREENED | 0.74% | no in-house ratios for this holding |
| CONE COMMERCIAL MORTGAGE TRUST 2026-ACD6 | UNSCREENED | 0.73% | no in-house ratios for this holding |
| HAWAII HOTEL TRUST 2025-MAUI | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BMO 2025-C11 MORTGAGE TRUST | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BANK 2023-BNK46 | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BPR 2023-STON MORTGAGE TRUST | UNSCREENED | 0.72% | no in-house ratios for this holding |
| BX TRUST 2018-BILT | UNSCREENED | 0.72% | no in-house ratios for this holding |
| MORGAN STANLEY CAPITAL I TRUST 2019-L2 | UNSCREENED | 0.71% | no in-house ratios for this holding |
| Government National Mortgage Association | NON_COMPLIANT | 0.71% | no in-house ratios for this holding |
| BANK 2021-BNK31 | UNSCREENED | 0.71% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.70% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.70% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.70% | no in-house ratios for this holding |
| BMO 2023-C6 MORTGAGE TRUST | UNSCREENED | 0.69% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.68% | no in-house ratios for this holding |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | NON_COMPLIANT | 0.68% | no in-house ratios for this holding |
| MSWF 2023-1 | UNSCREENED | 0.67% | no in-house ratios for this holding |
| BANK 2025-BNK49 | UNSCREENED | 0.64% | no in-house ratios for this holding |
| GS MORTGAGE SECURITIES TRUST 2015-GS1 | UNSCREENED | 0.61% | no in-house ratios for this holding |
| MORGAN STANLEY CAPITAL I TRUST 2018-L1 | UNSCREENED | 0.61% | no in-house ratios for this holding |
| JPMCC COMMERCIAL MORTGAGE SECURITIES TRUST 2019-COR5 | UNSCREENED | 0.60% | no in-house ratios for this holding |
| GS MORTGAGE SECURITIES TRUST 2015-GS1 | UNSCREENED | 0.59% | no in-house ratios for this holding |
| BANK 2018-BNK13 | UNSCREENED | 0.58% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C60 | UNSCREENED | 0.58% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2021-C59 | UNSCREENED | 0.58% | no in-house ratios for this holding |
| BANK 2019-BNK19 | UNSCREENED | 0.48% | no in-house ratios for this holding |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2020-MF1 | UNSCREENED | 0.39% | no in-house ratios for this holding |
| CRSNT TRUST 2026-MOON | UNSCREENED | 0.38% | no in-house ratios for this holding |
| BWAY TRUST 2025-1535 | UNSCREENED | 0.38% | no in-house ratios for this holding |
| IRV TRUST 2025-200P | UNSCREENED | 0.28% | no in-house ratios for this holding |
| ARBOR MULTIFAMILY MORTGAGE SECURITIES TRUST 2021-MF3 | UNSCREENED | 0.25% | no in-house ratios for this holding |
| BANK 2019-BNK23 | UNSCREENED | 0.22% | no in-house ratios for this holding |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2018-C47 | UNSCREENED | 0.21% | no in-house ratios for this holding |
| BANK 2020-BNK26 | UNSCREENED | 0.20% | no in-house ratios for this holding |
| BENCHMARK 2024-V6 MORTGAGE TRUST | UNSCREENED | 0.20% | no in-house ratios for this holding |
| BANK 2019-BNK21 | UNSCREENED | 0.18% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.14% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.10% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.10% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.09% | no in-house ratios for this holding |
| CFCRE 2017-C8 MORTGAGE TRUST | UNSCREENED | 0.09% | no in-house ratios for this holding |
| BANK 2018-BNK10 | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | NON_COMPLIANT | 0.02% | AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1% |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
All 7 published standards agree about this fund to within 0.0 points of portfolio weight.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under Usmani
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 1.1% 99.0% not rated under FTSE Shariah
1 of 118 listed holdings carry our own per-methodology verdicts (1% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| FEDERAL NATIONAL MORTGAGE ASSOCIATION | 0.86% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | 0.80% |
| Government National Mortgage Association | 0.71% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.70% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.70% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.70% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.68% |
| GOVERNMENT NATIONAL MORTGAGE ASSOCIATION | 0.68% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | 0.14% |
| FMCC FEDERAL HOME LOAN MORTGAGE CORP | 0.10% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
First Trust AAA CMBS ETF (CAAA) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for CAAA — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 42.20 | NEUTRAL |
| Stochastic %K (14) | 6.80 | BUY |
| CCI (20) | -86.52 | NEUTRAL |
| Williams %R (14) | -93.20 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -0.68 | SELL |
| Momentum (10) | -0.14 | SELL |
| EMA (10) | 19.87 | SELL |
| SMA (10) | 19.91 | SELL |
| EMA (20) | 19.85 | SELL |
| SMA (20) | 19.86 | SELL |
| EMA (30) | 19.84 | SELL |
| SMA (30) | 19.81 | SELL |
| EMA (50) | 19.84 | SELL |
| SMA (50) | 19.80 | SELL |
| EMA (100) | 19.86 | SELL |
| SMA (100) | 19.90 | SELL |
| EMA (200) | 19.86 | SELL |
| SMA (200) | 19.90 | SELL |
About First Trust AAA CMBS ETF
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in commercial mortgage-backed securities (“CMBS”) with a ‘AAA’ rating (or equivalent) at the time of purchase, as determined by at least one nationally recognized statistical rating organization (“NRSRO”) or, if unrated, as determined by the Advisor to be of comparable credit quality at the time of purchase. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 43 |
| ⏱ 15-Min | BEARISH | 37 |
| ⏲ 5-Min | BEARISH | 113 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.