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First Trust Multi-Asset Diversified Income Index Fund (MDIV) ETF Profile

Updated Apr 15, 2024

The First Trust Multi-Asset Diversified Income ETF tracks an index comprising dividend-paying equities (25%), REITs (20%), preferred securities (20%), MLPs (20%) and a high-yield bond ETF (15%).

U.S. ETF Screener:

Fund Profile for First Trust Multi-Asset Diversified Income Index Fund (MDIV) ETF

The First Trust Multi-Asset Diversified Income Index Fund (MDIV) ETF has the following static details:

First Trust Multi-Asset Diversified Income Index Fund Details
ETF Ticker	MDIV
ETF Name	First Trust Multi-Asset Diversified Income Index Fund
Primary Asset Class	Multi-Asset
Primary Category	Diversified Portfolio
Launch Date	14-Aug-2012
Issuer	First Trust
No. of Holdings	126
Leveraged ETF?	No
Other Categories:	Members Only! Login / Register to view
Underlying Index	Members Only! Login / Register to view

MDIV offers exposure to a diverse range of income-producing asset types. Like some peer funds, MDIV has a preset allocation target to various cap-weighted asset buckets, targeting a weight of 20% apiece to REITs, preferred stock, MLPs, stocks and depository receipts, and high-yield bonds in the form of First Trusts own junk-bond ETF, HYLS. This overall structure reduces diversity somewhat within each bucket and emphasizes bottom-up security selection rather than top-down allocation. That said, MDIV may have the diversification edge in the context of an investor’s portfolio, thanks to its sizeable allocations to nontraditional assets (MLPs, REITs). Judging by AUM, investors love what they see, and liquidity is strong too. MDIV’s fee may sound steep next to some plain-Jane equity ETFs, but its relatively low in the multi-asset income space. As with all income-focused products, be sure to check the total return as well as yield.

Trading Details for First Trust Multi-Asset Diversified Income Index Fund (MDIV) ETF

The First Trust Multi-Asset Diversified Income Index Fund (MDIV) ETF trades with the following key details for trading and market data as of writing date Apr 15, 2024:

Trading Details of MDIV
Expense Ratio (%)	0.79%
Dividend Frequency	Monthly
52-week Price Range	$14.03 - $15.94
Per ETF Share Price	$15.37
Other Similar or Competitor ETFs	YDIV, GCE, PCEF, IYLD, YLD
Commission-Free Availability	NA

List of Similar ETFs

- Invesco CEF Income Composite ETF (PCEF)
- iShares Morningstar Multi-Asset Income Index ETF (IYLD)
- Principal EDGE Active Income ETF (YLD)

List of ETFs Belonging to Similar Categories

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