Key stats
About Multi-Asset Diversified Income Index Fund
Home page
Inception date
Aug 14, 2012
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
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
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
Dividends
Dividend payout history