Multi-Asset Diversified Income Index FundMulti-Asset Diversified Income Index FundMulti-Asset Diversified Income Index Fund

Multi-Asset Diversified Income Index Fund

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Key stats


Assets under management (AUM)
‪444.04 M‬USD
Fund flows (1Y)
‪−15.01 M‬USD
Dividend yield (indicated)
6.33%
Discount/Premium to NAV
−0.05%

About Multi-Asset Diversified Income Index Fund


Issuer
AJM Ventures LLC
Brand
First Trust
Expense ratio
0.68%
Inception date
Aug 14, 2012
Index tracked
NASDAQ US Multi-Asset Diversified Income Index
Management style
Passive
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


Asset Class
Asset allocation
Category
Asset allocation
Focus
Target outcome
Niche
Income
Strategy
Dividends
Weighting scheme
Dividends
Selection criteria
Fixed

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of November 5, 2024
Exposure type
StocksBonds, Cash & Other
Finance
ETF
Stocks79.77%
Finance38.42%
Industrial Services8.53%
Utilities7.71%
Distribution Services7.22%
Energy Minerals6.50%
Miscellaneous3.74%
Consumer Non-Durables2.15%
Health Technology1.63%
Communications1.20%
Process Industries1.17%
Health Services0.42%
Consumer Services0.35%
Commercial Services0.35%
Technology Services0.33%
Transportation0.05%
Bonds, Cash & Other20.23%
ETF19.92%
Cash0.32%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows