Key stats
About Multi-Asset Diversified Income Index Fund
Expense ratio
0.68%
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Inception date
Aug 14, 2012
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
ETF
Stocks80.35%
Finance37.97%
Industrial Services9.08%
Utilities8.06%
Distribution Services7.20%
Energy Minerals6.56%
Miscellaneous3.82%
Consumer Non-Durables2.06%
Health Technology1.68%
Communications1.24%
Process Industries1.17%
Health Services0.41%
Consumer Services0.36%
Technology Services0.35%
Commercial Services0.34%
Transportation0.05%
Bonds, Cash & Other19.65%
ETF19.59%
Cash0.07%
Top 10 holdings
Dividends
Dividend payout history