Multi-Asset Diversified Income Index Fund
$16.21−0.10 (−0.64%)
- Expense ratio
- 0.83%
- Fund size
- $421M
- 1Y return
- +9.2%
- Yield · Last 12 months
- 7.32%
- Holdings
- 124
- Volume · 30D
- 0.1M sh
- NAV per share
- $16.36
- 52W range
The ETF.net MDIV Grade
Score 64 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 43Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 86Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 54Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 72Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 67Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 83Category rank
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
- Energy35.5%
- Real Estate32.4%
- Financials14.4%
- Cons. Staples6.8%
- Utilities6.2%
- Health Care2.4%
- Communication1.6%
- Consumer Discr.0.7%
- Industrials0.1%
Geography
- United States99.16%
- Canada0.81%
- 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.
Returns run to the Sep 22, 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 | +8.9% |
| 1 month | −2.9% |
| 3 months | +1.4% |
| 1 year | +9.2% |
| 3 years | +10.9% |
| 5 years | +6.7% |
| 10 years | +4.7% |
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 | +8.9% | |
| 2025 | +4.1% | |
| 2024 | +10.0% | |
| 2023 | +11.4% | |
| 2022 | −3.9% | |
| 2021 | +16.5% | |
| 2020 | −14.9% |
MDIV in the news
ETF.net Research hasn’t filed on MDIV yet — coverage lands here as it’s written.
MDIV Dividends
- 7.32%
- $1.19
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 21, 2026 | Aug 31, 2026 | $0.12 |
| Jul 21, 2026 | Jul 31, 2026 | $0.07 |
| Jun 25, 2026 | Jun 30, 2026 | $0.16 |
| May 21, 2026 | May 29, 2026 | $0.13 |
| Apr 21, 2026 | Apr 30, 2026 | $0.05 |
| Mar 26, 2026 | Mar 31, 2026 | $0.13 |
| Feb 20, 2026 | Feb 27, 2026 | $0.08 |
| Jan 21, 2026 | Jan 30, 2026 | $0.06 |
| Dec 12, 2025 | Dec 31, 2025 | $0.08 |
| Nov 21, 2025 | Nov 28, 2025 | $0.16 |
| Oct 21, 2025 | Oct 31, 2025 | $0.07 |
| Sep 25, 2025 | Sep 30, 2025 | $0.09 |
MDIV Risk
- 8.0%
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.
- 0.81
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
- The middle half of Multi-Asset Income funds
- Median 0.65%
8 of the 15 Multi-Asset Income funds charge less.