MDIV First Trust Multi-Asset Diversified Income ETF
Seeks to track, before fees and expenses, the NASDAQ Multi-Asset Diversified Income Index. The index is a modified market capitalization-weighted index designed to provide exposure to multiple asset segments, each selected to result in a consistent and high yield for the index. The Index is comprised of securities classified as equities (20%), real estate investment trusts (REITs) (20%), preferred securities (20%), master limited partnerships (MLPs) (20%) and a high yield corporate debt ETF (20%). Each segment has its own set of eligibility criteria. Every security in the index is U.S.-listed and meets stringent eligibility criteria based on liquidity, size, volatility and yield. The index is rebalanced quarterly.
$14.41 +0.08 (0.56%)
As of 03/16/2023 13:55:30 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: Special Security Types
Category2: Broad market
Category3:
Morningstar category: Allocation--50% to 70% Equity
Leverage factor: 1.00
Inception date: 08/13/2012
Index tracking method: Passive replication
Current yield: 5.91%
Historical average yield: 5.95%
Market cap: $482,361,031
Average volume: 92,760
Fees: 0.7100%
Index Information
NASDAQ US Multi-Asset Diversified Income Index
Index symbol: NQMAUS
Provider: NASDAQ OMX
Index weighting: Other
Index inception date: 06/20/2012
Backtesting data exists: Yes
Number of holdings: 123 (as of 12/03/2019)
Strategy: Multi-factor investing
Factors used to select securities: