---
ticker: "MDIV"
name: "Multi-Asset Diversified Income Index Fund"
url: "https://etf.net/etf/MDIV"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Multi-Asset Income"
category_rank: "5 of 15"
methodology: "https://etf.net/methodology"
---

# MDIV: Multi-Asset Diversified Income Index Fund

Grade **B**, Score 64 of 100. Rank 5 of 15 in Multi-Asset Income.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 43 | 9 of 15 |
| Mission | 85 | 4 of 11 |
| Risk | 51 | 6 of 15 |
| Tradability | 77 | 1 of 15 |
| Holdings | 67 | 5 of 13 |
| Durability | 83 | 2 of 15 |

## Top holdings

The fund holds 124 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | HYLS | First Trust Tactical High Yield ETF | 20.60% |
| 2 | IEP | Icahn Enterprises, L.P. | 1.63% |
| 3 | ARR | ARMOUR Residential REIT, Inc. | 1.42% |
| 4 | MNR | Mach Natural Resources LP | 1.41% |
| 5 | AGNC | AGNC Investment Corp. | 1.37% |
| 6 | NLY | Annaly Capital Management, Inc. | 1.35% |
| 7 | TXO | TXO Partners, L.P. | 1.32% |
| 8 | RITM-PB | Rithm Capital Corp., Series B, Variable Rate | 1.27% |
| 9 | KRP | Kimbell Royalty Partners LP | 1.27% |
| 10 | RITM | Rithm Capital Corp. | 1.24% |
| 11 | DMLP | Dorchester Minerals, L.P. | 1.19% |
| 12 | WES | Western Midstream Partners LP | 1.12% |
| 13 | CAPL | CrossAmerica Partners LP | 1.07% |
| 14 | ARLP | Alliance Resource Partners, L.P. | 1.05% |
| 15 | C-PN | Citigroup Capital XIII, Variable Rate, due 10/30/2040 | 1.02% |
| 16 | BSM | Black Stone Minerals, L.P. | 0.98% |
| 17 | DKL | Delek Logistics Partners LP | 0.92% |
| 18 | AGNCN | AGNC Investment Corp., Series C, 7.000%, Variable Rate | 0.92% |
| 19 | USAC | USA Compression Partners LP | 0.92% |
| 20 | AGNCO | AGNC Investment Corp., Series E, 6.500% Variable Rate | 0.92% |
| 21 | GLPI | Gaming and Leisure Properties, Inc. | 0.92% |
| 22 | RITM-PD | Rithm Capital Corp., Series D, Variable Rate | 0.91% |
| 23 | NLY-PF | Annaly Capital Management, Inc., Series F, 6.950%, Variable Rate | 0.90% |
| 24 | AGNCP | AGNC Investment Corp., Series F, 6.125% Variable Rate | 0.89% |
| 25 | VICI | VICI Properties Inc. | 0.87% |
| 26 | LNC-PD | Lincoln National Corporation, Series D, 9.000% | 0.86% |
| 27 | APLE | Apple Hospitality REIT, Inc. | 0.85% |
| 28 | NLY-PG | Annaly Capital Management, Inc., Series G, 6.500% Variable Rate | 0.85% |
| 29 | MPLX | Mplx Lp | 0.83% |
| 30 | — | American National Group Inc., Series D, 7.375% | 0.82% |

Source: etf.net, https://etf.net/etf/MDIV. Please cite the page URL.