Launch Roundup
Subversive ETFs listed S&P 500 and Nasdaq-100 funds that exclude Elon Musk's companies
Multi-Asset Diversified Income Index Fund
$15.950.00 (0.00%)
- 0.83%
- $409M
- +9.9%
- 7.55%
- 0.1M sh
- $15.88
- low $15.52high $17.02
The ETF.net MDIV Grade
B
Score 64 out of 100
- 5 of 15
Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C43 out of 100Rank 9 of 15Mission
Whether the fund did what it promised, tested against its stated mandate.A85 out of 100Rank 4 of 11Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 6 of 15Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 1 of 15Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 5 of 13Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A83 out of 100Rank 2 of 15
Our read on MDIV
BFirst Trust's 2012 answer to the income hunt: one index-driven basket that gathers yield from several asset classes at once, all US, paying on a monthly rhythm rather than quarterly lumps.
The Fund seeks investment results that generally track the price and yield of the Nasdaq US Multi-Asset Diversified Income Index before fees and expenses.
Why people hold it
- One rules-based income basket instead of a stock-and-bond glidepath, spreading roughly 130 holdings across multiple income-producing asset classes.
- Distributions land monthly, a cadence income-focused holders tend to prefer over quarterly.
- Sticks tightly to the Nasdaq US Multi-Asset Diversified Income Index it advertises, with little drift between fund and benchmark.
- Trading since 2012, a long live record through several rate regimes, and one of the stronger showings in its allocation peer group.
Worth knowing
- The 0.83% expense ratio sits above the typical allocation fund and far above plain index peers like AOA (0.19%) and IRTR (0.08%).
- Chasing yield across asset classes means credit and rate conditions drive results, so it can behave unlike a plain stock-and-bond mix.
- The mandate is US-only, so no overseas income sleeves here.
MDIV Holdings
- Other
- 124
- 33%
- HYLS
Sectors
- Energy34.9%
- Real Estate32.7%
- Financials14.0%
- Utilities8.9%
- Consumer Staples4.8%
- Health Care1.8%
- Communication1.7%
- Industrials0.7%
- Consumer Discretionary0.6%
Geography
- United States99.15%
- Canada0.82%
- Greece0.03%
MDIV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
MDIV$10,987
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MDIV |
|---|---|
| Year to date | +7.1% |
| 1 month | −3.4% |
| 3 months | −2.6% |
| 1 year | +9.9% |
| 3 years | +10.4% |
| 5 years | +5.9% |
| 10 years | +4.8% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MDIV |
|---|---|---|
| 2026 YTD | +7.1% | |
| 2025 | +4.1% | |
| 2024 | +10.0% | |
| 2023 | +11.4% | |
| 2022 | −3.9% | |
| 2021 | +16.5% | |
| 2020 | −14.9% |
MDIV in the news
MDIV Dividends
- 7.55%
- $1.20
- $0.10 per share
- Monthly
Distribution history
MDIV Risk
- 8.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.62
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −13.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.69
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MDIV Cost
0.83%
MDIV0.83%
- The middle half of Multi-Asset Income funds
- Median 0.65%
8 of the 15 Multi-Asset Income funds charge less.
Other funds in Multi-Asset Income
- BINKMState Street Income Allocation ETFExpense ratio 0.50%1 year return +6.4%
- BFTBIFirst Trust Balanced Income ETFExpense ratio 0.25%1 year return +9.0%
- BALTYGlobal X Alternative Income ETFExpense ratio 0.50%1 year return +8.5%
- CLOTILiberty One Tactical Income ETFExpense ratio 1.04%1 year return +3.5%
- CCVYInvesco Zacks Multi-Asset Income ETFExpense ratio 1.15%1 year return +16.4%