MDIV: Multi-Asset Diversified Income Index Fund - MutualFunds.com
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Multi-Asset Diversified Income ETF

MDIV - Snapshot

Vitals

  • YTD Return 9.0%
  • 3 Yr Annualized Return 2.7%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $469 M
  • Holdings in Top 10 31.7%

52 WEEK LOW AND HIGH

$16.44
$12.28
$16.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 106.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification


Compare MDIV to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$31.89

+0.28%

$191.95 B

1.26%

$0.40

5.60%

0.58%

$46.95

+0.43%

$113.94 B

1.88%

$0.88

5.84%

0.24%

$46.15

+0.35%

$53.94 B

1.06%

$0.49

4.08%

0.18%

$36.55

+0.55%

$46.91 B

1.10%

$0.40

7.15%

0.70%

$30.30

+0.40%

$43.54 B

1.06%

$0.32

7.14%

0.52%

MDIV - Profile

Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 3.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.86%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Multi-Asset Diversified Income Index Fund
  • Fund Family Name
    First Trust
  • Inception Date
    Aug 13, 2012
  • Shares Outstanding
    28950002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Lindquist

Fund Description

The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and/or depositary receipts, REITs, preferred securities, MLPs and ETF that comprise the index. The index is designed to provide exposure to five asset segments, each selected to result in a consistent and high yield for the index. These five asset segments are: equity securities, REITs, preferred securities, MLPs and high yield corporate bonds.


MDIV - Performance

Return Ranking - Trailing

Period MDIV Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -7.6% 77.7% 6.86%
1 Yr 46.3% -5.2% 150.3% 8.17%
3 Yr 2.7%* -1.3% 30.7% 99.39%
5 Yr 3.4%* 0.6% 26.0% 99.53%
10 Yr N/A* 1.3% 16.5% N/A

* Annualized

Return Ranking - Calendar

Period MDIV Return Category Return Low Category Return High Rank in Category (%)
2020 -20.0% -39.0% 56.4% 99.69%
2019 11.6% -5.8% 25.7% 71.16%
2018 -11.5% -52.1% 0.0% 48.15%
2017 -0.5% -6.5% 32.7% 98.46%
2016 4.2% -43.7% 17.8% 43.32%

Total Return Ranking - Trailing

Period MDIV Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -7.6% 77.7% 6.86%
1 Yr 46.3% -5.2% 150.3% 7.43%
3 Yr 2.7%* -1.3% 30.7% 99.39%
5 Yr 3.4%* 0.6% 26.0% 99.37%
10 Yr N/A* 1.3% 16.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MDIV Return Category Return Low Category Return High Rank in Category (%)
2020 -20.0% -39.0% 56.4% 99.69%
2019 11.6% -5.8% 25.7% 71.16%
2018 -11.5% -47.9% 0.8% 76.81%
2017 -0.5% -3.7% 56.2% 99.49%
2016 4.2% -43.7% 19.8% 77.90%

MDIV - Holdings

Concentration Analysis

MDIV Category Low Category High MDIV % Rank
Net Assets 469 M 539 K 192 B 64.12%
Number of Holdings 127 2 14808 44.96%
Net Assets in Top 10 148 M 247 K 32.5 B 65.99%
Weighting of Top 10 31.67% 8.0% 100.0% 58.97%

Top 10 Holdings

  1. First Trust Tactical High Yield ETF 19.19%
  2. DCP Midstream LP 1.74%
  3. EnLink Midstream LLC 1.66%
  4. Starwood Property Trust Inc 1.66%
  5. Enable Midstream Partners LP 1.64%
  6. Annaly Capital Management Inc 1.58%
  7. National Health Investors Inc 1.52%
  8. Genesis Energy LP 1.50%
  9. The GEO Group Inc 1.49%
  10. Industrial Logistics Properties Trust 1.43%

Asset Allocation

Weighting Return Low Return High MDIV % Rank
Stocks
61.20% 0.00% 138.94% 57.35%
Bonds
21.75% -0.75% 121.14% 89.34%
Preferred Stocks
19.38% -0.01% 24.46% 0.29%
Convertible Bonds
0.12% 0.00% 27.83% 83.72%
Other
0.07% -4.38% 62.34% 33.86%
Cash
-2.53% -69.19% 81.05% 96.11%

Stock Sector Breakdown

Weighting Return Low Return High MDIV % Rank
Real Estate
32.46% 0.00% 99.68% 1.44%
Energy
30.11% 0.00% 90.89% 0.58%
Utilities
11.19% 0.00% 100.00% 3.89%
Consumer Defense
7.48% 0.00% 18.66% 36.02%
Industrials
5.45% 0.00% 31.04% 95.10%
Financial Services
4.58% 0.00% 100.00% 95.68%
Healthcare
4.10% 0.00% 33.78% 95.10%
Technology
2.24% 0.00% 53.70% 97.12%
Communication Services
1.26% 0.00% 32.52% 96.69%
Basic Materials
0.65% 0.00% 27.35% 91.79%
Consumer Cyclical
0.50% 0.00% 23.57% 96.69%

Stock Geographic Breakdown

Weighting Return Low Return High MDIV % Rank
US
59.78% 0.00% 137.67% 21.76%
Non US
1.42% 0.00% 69.93% 88.18%

Bond Sector Breakdown

Weighting Return Low Return High MDIV % Rank
Corporate
99.08% 0.00% 99.08% 0.14%
Cash & Equivalents
0.92% 0.22% 100.00% 98.56%
Derivative
0.00% 0.00% 33.65% 91.50%
Securitized
0.00% 0.00% 85.21% 98.99%
Municipal
0.00% 0.00% 24.11% 94.38%
Government
0.00% 0.00% 96.20% 99.28%

Bond Geographic Breakdown

Weighting Return Low Return High MDIV % Rank
US
20.49% -0.75% 66.47% 81.56%
Non US
1.26% -6.54% 97.27% 81.41%

MDIV - Expenses

Operational Fees

MDIV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 14.81% 67.98%
Management Fee 0.60% 0.00% 1.75% 74.96%
12b-1 Fee 0.00% 0.00% 1.00% 12.44%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

MDIV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MDIV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MDIV Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 106.00% 0.00% 484.00% 83.28%

MDIV - Distributions

Dividend Yield Analysis

MDIV Category Low Category High MDIV % Rank
Dividend Yield 2.34% 0.00% 8.11% 1.00%

Dividend Distribution Analysis

MDIV Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

MDIV Category Low Category High MDIV % Rank
Net Income Ratio 3.86% -1.95% 11.02% 1.79%

Capital Gain Distribution Analysis

MDIV Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

MDIV - Fund Manager Analysis

Managers

Daniel Lindquist


Start Date

Tenure

Tenure Rank

Aug 13, 2012

8.64

8.6%

Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.

Jon Erickson


Start Date

Tenure

Tenure Rank

Aug 13, 2012

8.64

8.6%

Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.

David McGarel


Start Date

Tenure

Tenure Rank

Aug 13, 2012

8.64

8.6%

David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.

Stan Ueland


Start Date

Tenure

Tenure Rank

Aug 13, 2012

8.64

8.6%

Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.

Roger Testin


Start Date

Tenure

Tenure Rank

Aug 13, 2012

8.64

8.6%

Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.

Chris Peterson


Start Date

Tenure

Tenure Rank

Mar 18, 2016

5.04

5.0%

Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 37.27 6.04 1.25