LOTI vs MDIV: Grades, Fees and Holdings Compared

Liberty One Tactical Income ETF

LOTIBNasdaq

Multi-Asset Diversified Income Index Fund

MDIVBNasdaq

Overlap

0.7%by weight

Expense ratio

MDIV −0.30pt a year

LOTI1.01%MDIV0.71%

Avg volume · 30D

MDIV 10.5×the volume

LOTI5.55KMDIV58.4K

LOTI vs MDIV Performance

Oct 31, 2025 – Nov 2, 2026

+8.1%LOTI+11.4%MDIV

Expense ratio: LOTI 1.01%; MDIV 0.71%, better
Fund size: LOTI $50M; MDIV $418M
1Y total return: LOTI +8.1%; MDIV +11.4%, better
Yield (12M): LOTI No data; MDIV 7.49%
Holdings: LOTI 35; MDIV 124
Avg volume (30D): LOTI 5.55K sh; MDIV 58.4K sh, better
NAV per share: LOTI $26.52; MDIV $16.18
52W range

ETF.net Grade

Pillar letters and Scores for LOTI, MDIV, with each pillar’s weight
Pillar	LOTI	MDIV
Cost30% weight	D29	C50Higher
Mission25% weight	A90Higher	A86
Risk15% weight	B65Higher	B56
Tradability15% weight	C44	A77Higher
Holdings10% weight	A73Higher	B67
Durability5% weight	F21	A83Higher

Rank among Multi-Asset Income funds

How we build Categories ›

Same Category. LOTI and MDIV are both graded against the same 15 Multi-Asset Income funds, so their Grades compare head to head.

Multi-Asset Income⁠

Category · 15 funds

See all 15 ›

MDIV ranks 4th and LOTI 7th of 15 funds in the Multi-Asset Income Category.

Rank 1AINCMFranklin Income Focus ETFScore 82
Rank 2AIYLDiShares Morningstar Multi-Asset Income ETFScore 79
Rank 3AINKMState Street Income Allocation ETFScore 71
Rank 4BMDIVMulti-Asset Diversified Income Index FundScore 67
Rank 5BALTYGlobal X Alternative Income ETFScore 57
Rank 5BHNDLStrategy Shares Nasdaq 7HANDL Index ETFScore 57
Rank 7BLOTILiberty One Tactical Income ETFScore 55
Rank 8CCVYInvesco Zacks Multi-Asset Income ETFScore 52

Our read on each fund

ETF.net Research

LOTIBLiberty One Tactical Income ETF

MDIVBMulti-Asset Diversified Income Index Fund

In short

LOTI Most multi-asset income funds pick an allocation and sit still. LOTI hands the dial to an active manager who shifts between dividend-paying stocks and bond funds as conditions change, and pays out monthly.

MDIV Five income sleeves in one ticker: dividend stocks, REITs, preferreds, MLPs and a high-yield bond ETF, each reset to roughly 20% every quarter. Trading since 2012 and paying monthly, it spreads the yield hunt instead of making one big bet.

Stated mandate

LOTI The Fund seeks current income and the opportunity for capital appreciation to produce a total return.

MDIV 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

LOTI Actively managed rather than index-bound: the adviser moves the mix between equity and fixed income as markets shift, generally targeting 35% to 65% in each sleeve.yahoo.com
One ticket covers both halves of a balanced build: dividend-paying equities on one side, bond ETFs for ballast on the other.
Income lands monthly, and the portfolio tracks the balanced multi-asset income mandate it advertises closely.

MDIV Five slices, one ticker: dividend stocks, REITs, preferreds, MLPs and a high-yield bond ETF, each rebalanced back to about 20% each quarter.sec.gov
Each segment filters out names whose annual volatility runs more than 15 percentage points above its benchmark, so the wildest high-yielders get screened.ftportfolios.com nasdaqomx.com
Trading since 2012 and paying monthly, with about 120 holdings, it ranks as one of the stronger implementations in the multi-asset income group.

Worth knowing

LOTI Active management carries a price: 1.01% net of a waiver through December 1, 2026 (1.04% gross), above the category median and above INCM at 0.38% or IYLD at 0.50%.
Launched in 2025, small and thinly traded, so spreads can run wider than the category's long-established names.
No index sets the mix here. Allocation, credit quality and duration are the adviser's judgment calls, with a short track record to read them by.yahoo.com

MDIV 0.71% net of a waiver through January 31, 2027 (0.83% gross) sits near the category median, but above peers like INCM at 0.38% and IYLD at 0.50%.
The high-yield sleeve is owned through another ETF, which may be a First Trust fund, so a slice of the cost and credit exposure sits one layer down.sec.gov
All five sleeves are income assets: preferreds, high-yield bonds, REITs and MLPs can lean the same way when rates or credit spreads move.nasdaqomx.com

Full LOTI profile⁠

Full MDIV profile⁠

LOTI vs MDIV Holdings

How LOTI and MDIV differ

Overlap by weight

0.7%

Shared holdings make up 3.4% of LOTI and 0.7% of MDIV.

Level by level

Holdings2 in both0.7%
Countryby domicile96.0%

Sector

No Sector split for LOTI.

Country, concentration and asset class

Country by domicile

Country weights in LOTI and MDIV, widest gap first
Country	More in LOTIMore in MDIV	LOTI	MDIV
United States	MDIV +3.4 points	95.8%	99.2%
Switzerland	LOTI +2.5 points	2.5%	0.0%
Canada	MDIV +0.5 points	0.3%	0.8%
Other countries (30)	LOTI +1.5 points	1.5%	0.0%

Concentration

Weight in the 10 largest Holdings

LOTI51.5%
MDIV32.1%

Securities held

LOTI34
MDIV123

Asset class

LOTI: Multi-Asset
MDIV: Multi-Asset

Holdings

Only in LOTI32
In both2
Only in MDIV121

Only in LOTI

32 securities, 96.6% of LOTI by weight

JPMorgan Income ETF USD Class7.37%
Eaton Vance Short Duration Income ETF USD Class6.44%
TCW Flexible Income ETF USD Class6.35%
PIMCO Multisector Bond Active ETF6.33%
Vanguard Mortgage-Backed Securities ETF5.52%
iShares Core U.S. Aggregate Bond ETF5.45%
Vanguard Long-Term Corporate Bond ETF USD Class4.29%
Eli Lilly & Company3.74%
Cardinal Health, Inc.3.12%
Gilead Sciences, Inc.2.90%
Johnson & Johnson2.89%
Hartford Strategic Income ETF USD Class2.70%
Coca-Cola Company (The)2.70%
Chubb Ltd.2.47%
UnitedHealth Group, Inc.2.30%
Entergy Corporation2.24%
Visa, Inc.2.19%
WW Grainger, Inc.2.13%
Alliant Energy Corporation2.05%
Motorola Solutions, Inc.2.04%
Waste Management, Inc.2.02%
Republic Services, Inc.2.02%
Procter & Gamble Company (The)2.01%
Microsoft Corporation1.97%
Kroger Company (The)1.91%
Southern Company (The)1.91%
Broadcom, Inc.1.89%
Northrop Grumman Corporation1.85%
Agree Realty Corporation1.80%
Alphabet, Inc.1.65%
McDonald's Corporation1.65%
First American Treasury Obligations Fund Class X0.71%

Only in MDIV

121 securities, 99.0% of MDIV by weight

First Trust Tactical High Yield ETF20.34%
Kimbell Royalty Partners LP1.38%
Mach Natural Resources LP1.37%
AGNC Investment Corp.1.34%
Annaly Capital Management, Inc.1.32%
Rithm Capital Corp.1.32%
ARMOUR Residential REIT, Inc.1.28%
TXO Partners, L.P.1.27%
Icahn Enterprises, L.P.1.27%
Rithm Capital Corp., Series B, Variable Rate1.23%
Dorchester Minerals, L.P.1.17%
Alliance Resource Partners, L.P.1.12%
Western Midstream Partners LP1.12%
CrossAmerica Partners LP1.10%
Citigroup Capital XIII, Variable Rate, due 10/30/20400.99%
Black Stone Minerals, L.P.0.96%
Apple Hospitality REIT, Inc.0.95%
Gaming and Leisure Properties, Inc.0.92%
VICI Properties Inc.0.91%
AGNC Investment Corp., Series C, 7.000%, Variable Rate0.90%
Delek Logistics Partners LP0.90%
AGNC Investment Corp., Series E, 6.500% Variable Rate0.89%
USA Compression Partners LP0.89%
Rithm Capital Corp., Series D, Variable Rate0.88%
Annaly Capital Management, Inc., Series F, 6.950%, Variable Rate0.88%
Mplx Lp0.87%
AGNC Investment Corp., Series F, 6.125% Variable Rate0.87%
Lincoln National Corporation, Series D, 9.000%0.85%
Annaly Capital Management, Inc., Series G, 6.500% Variable Rate0.82%
Plains All American Pipeline, L.P.0.81%
EPR Properties0.81%
Synchrony Financial, Series B Variable Rate0.80%
Fifth Third Bancorp, Series I, 6.625%, Variable Rate0.79%
Algonquin Power & Utilities Corp., Series 19-A, 6.200%, Variable Rate, Due 07/01/20790.79%
Four Corners Property Trust, Inc.0.78%
Jackson Financial Inc., 8.000%, Variable Rate0.78%
Banc of California, Inc., Series F, 7.75% Variable Rate0.78%
Omega Healthcare Investors, Inc.0.77%
CubeSmart0.77%
Energy Transfer LP0.76%
CHS Inc., Series 1, 7.875%0.75%
American National Group Inc., Series D, 7.375%0.74%
Apollo Global Management, Inc., 7.625%, Variable Rate, Due 09/15/20530.73%
Plains GP Holdings, L.P. (Class A)0.73%
The Allstate Corporation, 5.100%, Variable Rate, Due 01/15/20530.73%
Pfizer Inc.0.72%
Hess Midstream LP (Class A)0.72%
CHS Inc., Series 4, 7.500%0.71%
Reinsurance Group of America, Incorporated, 7.125%, Variable Rate, Due 10/15/20520.70%
Morgan Stanley, Series E, 7.125%, Variable Rate0.70%

Weight gaps

All 2 Holdings in both funds, largest gap first.

Holding weights in LOTI and MDIV, widest gap first
Holding	More in LOTIMore in MDIV	LOTI	MDIV
Duke Energy CorporationDUK	LOTI +1.61 points	1.97%	0.36%
AT&T, Inc.T	LOTI +1.05 points	1.44%	0.39%

All LOTI holdings⁠All 123 MDIV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

LOTI vs MDIV Cost

Overpaying LOTI vs MDIV

$5,068

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

LOTI 1.01%
$18,850
MDIV 0.71%
$13,782

Amount$10,000

Years30 years

Cost over time

LOTI 1.01%
MDIV 0.71%
Overpaying

Year by year

Year	LOTI	MDIV	Overpaying
10	$1,780	$1,267	$513
20	$6,686	$4,824	$1,862
30	$18,850	$13,782	$5,068

Expense ratio

1.01%LOTI
0.71%MDIV, cheaper

MDIV0.71%LOTI1.01%

0.15%1.37%

Middle half of Multi-Asset Income funds
Median 0.71%

MDIV 8th cheapest of 15 funds

LOTI 11th cheapest of 15 funds

LOTI vs MDIV Dividends

Last 12 months to Nov 2, 2026

Yield (12M): LOTI No data; MDIV 7.49%
Payout (12M): LOTI No data; MDIV $1.21
Last payment: LOTI $0.05; MDIV $0.08
Ex-dividend: LOTI Oct 16, 2026; MDIV Oct 21, 2026
Paid on: LOTI Oct 21, 2026; MDIV Oct 30, 2026
Frequency: LOTI Monthly; MDIV Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

LOTIMonthly · 12 paymentsAll LOTI payments⁠

MDIVMonthly · 46 paymentsAll MDIV payments⁠

LOTI vs MDIV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: LOTI 8.4%since Oct 2025MDIV 8.5%
Return per unit of riskSharpe ratio, 3 years: LOTI 0.41since Oct 2025MDIV 0.82
Worst fallMax drawdown, 5 years: LOTI −4.4%since Sep 2025MDIV −13.1%
Market sensitivityBeta, 5 years: LOTI 0.15MDIV 0.69; Market = 1

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