NYSE Arca · ETF
Invest in CAAA ETF from India
Indian and foreign residents can buy First Trust AAA CMBS ETF (CAAA) units directly through Paasa.
By Paasa · Updated
CAAA at a glance
- Price
- $19.79+$0.03 (0.13%)
- Expense ratio
- 0.3%
- Day range
- $19.74 – $19.79
- Assets
- $34.5M
- Domicile
- the US
- Holdings
- 112
- Launched
- 2024
- Dividends
- Distributing
- 1 month
- -2.10%
- 6 months
- -2.72%
- YTD
- -3.62%
- 1 year
- -3.53%
- 5 years
- —
Price change, excluding dividends.
Top 10 holdings
- 1US 2YR NOTE (CBT) Dec2618.4%
- 2US 5YR NOTE (CBT) Dec264.9%
- 3US 10YR NOTE (CBT)Dec263.7%
- 4US 10yr Ultra Fut Dec262.2%
- 5BX Trust Series 2025-ARIA, Class A, Variable rate, due 12/13/20421.3%
- 6US Dollar1.3%
- 7BX Trust Series 2025-DELC, Class A, Variable rate, due 12/15/20301.2%
- 8SWCH Commercial Mortgage Trust Series 2025-DATA, Class A, Variable rate, due 02/15/20421.1%
- 9THE 2023-MIC Trust Series 2023-MIC, Class A, Variable rate, due 12/05/20381.1%
- 10BSTN Commercial Mortgage Trust Series 2025-1C, Class A, Variable rate, due 06/15/20441.1%
CAAA holds 112 securities in total. These 10 are 36.3% of the fund.
Where the money is invested
Countries
- Other100.0%
How to invest in CAAA from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search CAAA and buy
Find the fund by its ticker, CAAA, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Why invest in CAAA from India
What CAAA holds
The First Trust AAA CMBS ETF aims to deliver the maximum possible long-term total return to its investors. Under normal market conditions, the Fund dedicates a significant portion—at least 80%—of its net assets (including any capital borrowed for investment purposes) to commercial mortgage-backed securities (CMBS).
Hold a dollar asset
CAAA is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Buy a fraction of a unit
Buy by amount, not by unit, and get the matching fraction of one CAAA unit. There is no minimum trade size.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Planning to hold more than $60,000 in US ETFs? Here's what US estate tax means for you.
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family.
A UCITS ETF tracking a similar market sits outside US estate tax.
Frequently asked questions
Can I buy CAAA from India?
Yes. Indian residents can buy First Trust AAA CMBS ETF (CAAA) through Paasa. It is listed on NYSE Arca and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does CAAA invest in?
First Trust AAA CMBS ETF holds 112 securities. Its largest holdings are US 2YR NOTE (CBT) Dec26 (18.4%), US 5YR NOTE (CBT) Dec26 (4.9%) and US 10YR NOTE (CBT)Dec26 (3.7%). It is a distributing fund domiciled in the US.
What is the expense ratio of CAAA?
First Trust AAA CMBS ETF has an expense ratio of 0.3% a year, taken from the fund's assets rather than billed to you. The fund manages about $34.5M.
How are CAAA dividends taxed in India?
First Trust AAA CMBS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell CAAA?
The US does not levy capital gains tax on shares for Indian residents. Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.
Can I buy a fraction of one CAAA unit?
Yes. You can buy by amount rather than by unit and add to your position over time. One unit is $19.79, and there is no minimum trade size.
What happens to my CAAA units if I pass away?
US-domiciled ETFs held in your own name fall under US estate tax rules. If your US holdings cross $60,000, the amount above that can be taxed at up to 40% when the account passes to your family. A UCITS ETF tracking a similar market sits outside US estate tax. Paasa's US estate tax calculator shows the exposure for a given portfolio value.