(MDIV) Multi-Asset Diversified Income Index Fund Stock Price, Holdings, Quote & News

Popular MDIV Comparisons: MDIV vs HYIN, MDIV vs HIPS, MDIV vs MORE, MDIV vs TWIO, MDIV vs 5003

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*Unless otherwise stated, data provided by FactSet.

What is MDIV?

MDIV tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF.

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. 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 investor’s 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.

Recent News

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS

MDIV -7.47% -3.77% -3.45% -9.18% 12.77% 1.58% 1.85%

MDIV (NAV) -7.39% -3.79% -3.39% -9.39% 12.88% 1.59% 1.88%

NASDAQ Multi-Asset Diversified Income Index -7.38% -3.69% -3.29% -8.92% 13.62% 2.16% 2.50%

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

0.72%

$414.05M

0.24%

HYIN, HIPS, MORE, TWIO

Fund Home Page

MDIV Portfolio Data

7.43%

N/A

MDIV Index Data

NASDAQ Multi-Asset Diversified Income Index

Equal

Fixed

N/A

MDIV Fund Structure

-- / --

N/A

Low

N/A

Leverage Reset Frequency N/A

MDIV Tax Exposures

20.00% / 39.60%

MDIV Factset Analytics Block Liquidity

As of 03/28/23

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

120,201

$1.83M

83,319

$1.28M

0.24%

$0.04

0.05%

0.42% / -0.50%

None

100.00%

50,000

1.67

0.12%

$14.18

N/A

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MDIV Multi-Asset Diversified Income Index Fund