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About Multi-Asset Diversified Income Index Fund
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Inception date
Aug 14, 2012
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
The fund 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 Trust's own junk-bond ETF, HYLS. Each component in the underlying index is US-listed and meets stringent eligibility criteria based on liquidity, size, volatility and yield. 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 investors portfolio, thanks to its sizeable allocations to non-traditional assets (MLPs, REITs). As with all income-focused products, be sure to check the total return as well as yield. The index is rebalanced quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
ETF
Corporate
Stocks60.46%
Finance28.71%
Energy Minerals7.39%
Industrial Services6.90%
Utilities4.07%
Miscellaneous3.28%
Distribution Services2.66%
Consumer Non-Durables2.49%
Process Industries1.52%
Retail Trade0.98%
Health Technology0.95%
Communications0.79%
Producer Manufacturing0.36%
Health Services0.31%
Transportation0.06%
Bonds, Cash & Other39.54%
ETF19.72%
Corporate19.62%
Cash0.19%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MDIV top holdings are First Trust Tactical High Yield ETF and Mach Natural Resources LP, occupying 19.72% and 1.73% of the portfolio correspondingly.
MDIV last dividends amounted to 0.10 USD. The month before, the issuer paid 0.10 USD in dividends, which shows a 6.41% decrease.
Yes, MDIV pays dividends to its holders with the dividend yield of 6.53%. The last dividend (Jun 30, 2025) amounted to 0.10 USD. The dividends are paid monthly.
MDIV shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 14, 2012, and its management style is Passive.
MDIV expense ratio is 0.75% meaning you'd have to pay 0.75% of your investment to help manage the fund.
MDIV follows the NASDAQ US Multi-Asset Diversified Income Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MDIV invests in stocks.
MDIV price has risen by 1.01% over the last month, and its yearly performance shows a 1.33% increase. See more dynamics on MDIV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.77% over the last month, showed a −0.07% decrease in three-month performance and has increased by 7.08% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.77% over the last month, showed a −0.07% decrease in three-month performance and has increased by 7.08% in a year.
MDIV trades at a premium (0.22%) meaning the ETF is trading at a higher price than the calculated NAV.