MDIVMulti-Asset Diversified Income Index Fund
MDIV Fund Description
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.
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 4 out of 5.