Multi-Asset Diversified Income Index Fund (MDIV)
| Assets | $405.86M |
| Expense Ratio | 0.75% |
| PE Ratio | 13.90 |
| Shares Out | 26.00M |
| Dividend (ttm) | $1.02 |
| Dividend Yield | 6.53% |
| Ex-Dividend Date | Oct 21, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | 90.77% |
| Volume | 19,224 |
| Open | 15.64 |
| Previous Close | 15.62 |
| Day's Range | 15.56 - 15.64 |
| 52-Week Low | 14.75 |
| 52-Week High | 16.97 |
| Beta | 0.60 |
| Holdings | 126 |
| Inception Date | Aug 14, 2012 |
About MDIV
Fund Home PageThe Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund 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 was launched on Aug 14, 2012 and is issued by First Trust.
Top 10 Holdings
31.91% of assets| Name | Symbol | Weight |
|---|---|---|
| First Trust Tactical High Yield ETF | HYLS | 20.61% |
| Icahn Enterprises L.P. | IEP | 1.57% |
| Rayonier Inc. | RYN | 1.46% |
| TXO Partners, L.P. | TXO | 1.40% |
| Mach Natural Resources LP | MNR | 1.29% |
| Black Stone Minerals, L.P. | BSM | 1.24% |
| Dorchester Minerals, L.P. | DMLP | 1.13% |
| Alliance Resource Partners, L.P. | ARLP | 1.08% |
| Kimbell Royalty Partners, LP | KRP | 1.07% |
| Chimera Investment Corp Cum Red Pfd Registered Shs Series -B- | CIM.V8 PERP B | 1.06% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 21, 2025 | $0.0696 | Oct 31, 2025 |
| Sep 25, 2025 | $0.0857 | Sep 30, 2025 |
| Aug 21, 2025 | $0.1033 | Aug 29, 2025 |
| Jul 22, 2025 | $0.0506 | Jul 31, 2025 |
| Jun 26, 2025 | $0.0951 | Jun 30, 2025 |
| May 21, 2025 | $0.1012 | May 30, 2025 |
Performance
MDIV had a total return of 2.33% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.27%.
News
MDIV: Income ETF With Slow Decay, Lagging Competitors
First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a 6.6% yield from stocks, REITs, preferreds, MLPs and junk bonds. MDIV is well balanced in these five sectors and diversified across a ...
MDIV: Income From A Nice Mix Of Places
The First Trust Multi-Asset Diversified Income Index Fund ETF (MDIV) offers income-focused investors exposure to multiple asset classes, including REITs, MLPs, and high-yield bonds. MDIV aims to repli...
Middlefield Sustainable Global Dividend ETF Distributions
TORONTO, July 24, 2024 (GLOBE NEWSWIRE) -- Middlefield Sustainable Global Dividend ETF (TSX: MDIV) (the “Fund”) is pleased to announce that distributions for the third quarter of 2024 will be payable ...
Sell MDIV, Buy CEFS
MDIV is a multi-asset class ETF focusing on income-producing asset classes and securities. The fund's strategy and security selection process have led to underperformance compared to index funds of it...
MDIV: Inflation Is A Silent Killer
First Trust Multi-Asset Diversified Income Index Fund ETF invests in 5 categories of high-yield securities. Historical performance is close to competitors. It has suffered large losses in inflation-ad...
MDIV: 6.5% Yield ETF With Red Flags
MDIV invests in 5 categories of high-yield securities in equal weight. It has lagged 2 similar ETFs for 6 years but beats them in 2022.
MDIV: Shrinking Income And Capital
MDIV is a high-yield ETF diversified in 5 categories of securities. Since inception, the fund has lost about 17% in share price and 26% in annualized distribution.
MDIV: Subpar Multi-Asset Class Income ETF, Better Choices Out There
MDIV invests in a diversified set of income-producing asset classes.
MDIV: Income Index ETF, Meant For Retirees
A long-time reader and subscriber asked for my thoughts on MDIV. MDIV is a diversified income index ETF, providing retirees with exposure to most relevant income-producing asset classes.
