Multi-Asset Diversified Income Index Fund (MDIV) is an exchange-traded fund in the Aggressive Allocation category. It has $416.39M in assets, an expense ratio of 0.71% and a 6.76% dividend yield. 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.
Assets under management
$416.39M
Expense ratio
0.71%
Category
Aggressive Allocation
Dividend yield
6.76%
NAV
$16.80
Fund family
First Trust
Exchange
NASDAQ
Top holdings
The largest positions Multi-Asset Diversified Income Index Fund reports, by weight.