First Trust Multi-Asset Diversified Income Index Fund
Data as of October 30, 2026. MDIV closed at $16.20.
MDIV splits its index across dividend stocks, REITs, preferred securities, MLPs, and high-yield bonds. It yields more than most multi-asset funds, but is heavier in rate- and energy-sensitive assets.
| Issuer | First Trust |
|---|---|
| Strategy | Tracks the Nasdaq US Multi-Asset Diversified Income Index |
| Category | Balanced / multi-asset |
| Inception | August 13, 2012 |
| Annualized total return | +5.9% over one year, +9.7% a year over three years, +6.1% a year over five years |
| Main risk | Rate-sensitive and energy-sensitive holdings, plus a high fee. |
| Year | Paid per share | Change |
|---|---|---|
| 2026 (to date) | $0.97 | — |
| 2025 | $1.02 | -1.0% |
| 2024 | $1.03 | +8.4% |
| 2023 | $0.95 | -5.0% |
| 2022 | $1.00 | +13.6% |
| 2021 | $0.88 | — |
| Recent ex-date | Amount |
|---|---|
| October 21, 2026 | $0.077 |
| September 24, 2026 | $0.096 |
| August 21, 2026 | $0.115 |
| July 21, 2026 | $0.068 |
| June 25, 2026 | $0.159 |
| May 21, 2026 | $0.132 |
Per-share cash distributions, adjusted for splits. Includes special and capital-gains distributions. Confirm exact amounts with First Trust.
| Holding | Weight |
|---|---|
| First Trust Tactical High Yield ETF | 20.4% |
| Icahn Enterprises LP Depositary Units Repr Units of LP Interests | 1.8% |
| ARMOUR Residential REIT Inc | 1.4% |
| AGNC Investment Corp | 1.4% |
| Annaly Capital Management Inc | 1.4% |
| Mach Natural Resources LP | 1.3% |
| Rithm Capital Corp Series B | 1.3% |
| Rithm Capital Corp | 1.3% |
| TXO Partners LP | 1.3% |
| Kimbell Royalty Partners LP | 1.2% |
| Ticker | Yield | Expense Ratio | Pays | 1Y Return | 3Y Return |
|---|---|---|---|---|---|
| MDIV | 7.17% | 0.71% | Monthly | +5.9% | +9.7% |
| HNDL | 7.12% | 0.94% | Monthly | +3.4% | +11.5% |
| INCM | 5.67% | 0.38% | Monthly | +8.1% | +11.1% |
| IYLD | 4.79% | 0.50% | Monthly | +6.9% | +10.0% |
Returns assume distributions are reinvested; periods over one year are annualized.
7.17% on a trailing 12-month basis as of October 30, 2026: $1.16 of distributions per share on a $16.20 price. That is about $717 a year on a $10,000 investment. The yield moves with the share price and with each payment.
Yes. MDIV pays every month. The most recent ex-dividend date in our data was October 21, 2026, at $0.077 per share.
0.71% a year, or about $71 per $10,000 invested. The cost is taken from the fund's assets, so you never see it as a separate charge.
A mix: bond interest is ordinary income, stock dividends may be qualified, and some funds pay return of capital.
A high multi-asset yield, with concentrated exposure to income-oriented sectors. The main risk: rate-sensitive and energy-sensitive holdings, plus a high fee. This is general information, not personal advice.