MDIV

First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

$15.55

+0.00%

Market closed. Last update: 10:51 PM ET

📎 Investment Objective

The First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund (MDIV) seeks to provide current income by tracking the performance of the NASDAQ Multi-Asset Diversified Income Index.

Overview

ETF tracking First Trust Exchange-Traded Fund VI Multi-Asset Diversified Income Index Fund

Category Multi-Asset

Issuer First Trust

Inception Date 2012-08-14

Market Cap $410.5M

Average Volume N/A

Dividend Yield 5.35%

52-Week Range $14.96 - $16.94

VWAP $15.88

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests in a diversified portfolio of income-producing securities, including dividend-paying stocks, REITs, MLPs, and fixed income instruments. The portfolio is designed to provide exposure to multiple asset classes to generate a high level of current income.

✨ Key Features

Diversified multi-asset portfolio focused on generating current income
Tracks the NASDAQ Multi-Asset Diversified Income Index
Invests in a range of income-producing securities including stocks, REITs, MLPs, and fixed income
Aims to provide a high level of current income

⚠️ Primary Risks

Market risk: The value of the fund's holdings may decline due to general market conditions
Interest rate risk: Changes in interest rates may impact the value of the fund's fixed income holdings
Sector concentration risk: The fund's performance may be impacted by its exposure to specific sectors or asset classes
Income risk: The fund's income distributions may decline due to falling interest rates or other factors

👤 Best For

This ETF may be suitable for investors seeking a diversified source of current income, who have a moderate risk tolerance, and a medium to long-term investment horizon. It may be particularly appealing to retirees or those in the income distribution phase of their investment lifecycle.