MDIV Stock Fund Price and Chart — NASDAQ:MDIV

Overview

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MDIV chart

Key stats

About Multi-Asset Diversified Income Index Fund

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

MDIV analysis

What's in the fund

Exposure type

Finance

ETF

Corporate

Stocks58.46%

Finance22.56%

Utilities7.58%

Industrial Services6.89%

Energy Minerals6.74%

Distribution Services3.89%

Miscellaneous3.76%

Consumer Non-Durables3.05%

Process Industries1.11%

Communications1.10%

Health Technology0.51%

Health Services0.44%

Consumer Durables0.43%

Consumer Services0.33%

Transportation0.07%

Bonds, Cash & Other41.54%

ETF20.85%

Corporate20.60%

Cash0.09%

Top 10 holdings

Ideas

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Technicals

Summarizing what the indicators are suggesting.

Oscillators

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