MDIV

Multi-Asset Diversified Income Index Fund
*Unless otherwise stated, data provided by FactSet.

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 B based on a score of 2.76 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 6th percentile within its peer group and in the 3th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

MDIV Charts And Performance

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PERFORMANCE [as of 11/11/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MDIV 1.81% 2.91% 15.58% 8.43% 6.69% 2.98% --
MDIV (NAV) 1.81% 3.37% 15.67% 8.53% 6.75% 3.01% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MDIV Summary Data

First Trust
08/14/12
Open-Ended Fund
0.71%
$735.04M
0.18%

MDIV Portfolio Data

6.08%
11/21/19

MDIV Index Data

NASDAQ Multi-Asset Diversified Income Index
Fixed
Fixed
N/A

MDIV Fund Structure

No
No
100% / 0%
N/A
N/A
Low
N/A
N/A

MDIV Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

MDIV Factset Analytics Block Liquidity

As of 11/12/19
5
4
3
2
1

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.

MDIV Tradability

111,604
$2.06M
82,912
$1.52M
0.18%
$0.03
0.06%
0.59% / -0.50%
None
100.00%
50,000
1.66
0.11%
--
49
$18.56
N/A

MDIV MSCI ESG Ratings

B
2.76 / 10
3.09
6.37
2.74%
0.81%
191.26