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MDIV ETF · First Trust Multi-Asset Diversified Income Index Fund ETF
The MDIV Exchange Traded Fund (ETF) is provided by First Trust. It is built to track an index: NASDAQ US Multi-Asset Diversified Income Index. The MDIV ETF provides physical exposure, so by buying it you actually own parts of all the 366 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
LIVE
CLOSED
Last price
$16.33
1M perf.
-0.43%
1M flows
+€711K
AuM
€354M
E/R
0.87%
Rating
Not rated
ESG Consensus®
MDIV
$16.33
Performance & flows
December 12, 2025 → March 12, 2026
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MDIV
$16.33
+4.45%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -0.43% | +4.45% | +7.74% | +36.39% | +36.08% | -1.50% | +5.25% | +5.25% | |
| Flows |
Key fund info
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
33738R100
ISIN
US33738R1005
AuM
€354M
E/R
0.87%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/12/2026
$16.33
1D NAV change
-0.57%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
366
Inception date
8/13/2012
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
NASDAQ US Multi-Asset Diversified Income Index
Asset class
Factors
N/A
Investment strategy
The Multi-Asset Diversified Income Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an index called 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%).
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +4.45% | +7.74% | +36.39% | +36.08% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Countries
USA
92.87%
Canada
1.26%
Unavailable
5.04%
Other
0.83%
Sectors
Financials
19.08%
Real Estate
17.97%
Energy
15.70%
Consumer Staples
6.10%
Insurance and reinsurance
4.28%
Utilities
3.07%
Communication Services
1.59%
Industrials
1.54%
Unavailable
14.42%
Other
16.25%
Diversification
Total weight of top 15 holdings out of 366
Top 15 holdings
Data as of January 31, 2026
US55445L1008
US87313P1030
ICAHN ENTERPRISES UNT
APOLLO COMMERCIAL REAL EST FIN REIT
KIMBELL ROYALTY PARTNERS
NEW RESIDENTIAL INVT CORP
WESTERN MIDSTREAM PARTNERS LP
APPLE HOSPITALITY REIT INC
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BLACK STONE MINERALS LP
ALEXANDER AND BALDWIN
CHIMERA INVESTMENT CUMULATIVE REDEEMABLE
EPR PROPERTIES
CROSSAMERICA PARTNERS LP
NEW RESIDENTIAL INVESTMENT CORP PRF
DELEK LOGISTICS PARTNERS LP
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Enterprise
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
NASDAQ US Multi-Asset Diversified Income Total Return Index - USD
Index ticker
NQMAUSX Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
First Trust
First Trust ID Card
Number of funds
401
Total AuM
€211.16B
Expense ratio range
0.15% - 13.69%
Average expense ratio
0.7991%
Top 5 funds by First Trust
| AuM | ||
|---|---|---|
RDVY | First Trust NASDAQ Rising Dividend Achievers ETF | €17.19B |
SDVY | First Trust SMID Cap Rising Dividend Achievers ETF | €8.73B |
CIBR | First Trust NASDAQ Cybersecurity ETF | €8.53B |
BUFR | FT Vest Fund of Buffer ETF | €7.48B |
FVD | First Trust Value Line Dividend ETF - USD | €7.16B |
Frequently asked questions about MDIV
What does First Trust Multi-Asset Diversified Income Index Fund ETF, MDIV, invest in?
MDIV is a Passive ETF. This ETF provides exposure to US High Yield Corporate Equities and Bonds.
Which benchmark or index does MDIV replicate?
MDIV tracks the NASDAQ US Multi-Asset Diversified Income Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of MDIV?
MDIV carries a total expense ratio (TER) of 0.87%, indicating the annual cost for holding the fund.
When was MDIV launched?
MDIV was introduced to the market on August 13, 2012. It trades on United States
Who is the ETF issuer of MDIV?
First Trust Multi-Asset Diversified Income Index Fund ETF, MDIV, is provided by First Trust. Learn more about First Trust here.
What is the current assets under management (AUM) of MDIV?
MDIV oversees €354M in assets as of March 12, 2026.
How has MDIV performed lately?
Based on data from March 12, 2026, MDIV returned -0.43% over the past month, 4.45% over the last three months and 5.25% year-to-date.
What are the latest inflows or outflows for MDIV?
As of March 12, 2026, MDIV recorded net flows of +€725K over the last month and -€2.6M year-to-date.
Does MDIV distribute dividends?
MDIV follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 6.72%.
What are the main country or region exposures of MDIV?
As of January 31, 2026, MDIV has significant geographic allocations in USA and Canada.
In which sector or theme does MDIV invest in?
As of January 31, 2026, MDIV focuses largely on Financials, Real Estate and Energy.
How many securities does MDIV hold and how diversified is it?
As of January 31, 2026, MDIV holds 366 positions in its portfolio, with 17.65% of assets concentrated in its top 15 holdings.
What are the main positions in MDIV?
As of January 31, 2026, MDIV top three holdings include US55445L1008, US87313P1030 and ICAHN ENTERPRISES UNT.
What is the base currency of MDIV?
The base currency of MDIV is USD.
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