MDIVMulti-Asset Diversified Income Index Fund
MDIV Fund Description
MDIV tracks an index comprising dividend-paying equities (25%), REITs (20%), preferred securities (20%), MLPs (20%) and a high-yield bond ETF (15%).
MDIV Factset Analytics Insight
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 Trust's 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.
MDIV MSCI ESG Analytics Insight
Multi-Asset Diversified Income Index Fund has an MSCI ESG Fund Rating of BB based on a score of 3.43 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Multi-Asset Diversified Income Index Fund ranks in the 13th percentile within its peer group and in the 11st percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
MDIV CHARTS AND PERFORMANCE
MDIV Summary Data
MDIV Portfolio Data
MDIV Index Data
MDIV Fund Structure
MDIV Tax Exposures
MDIV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MDIV. MDIV is rated a N/A out of 5.