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Multi-Asset Diversified Income Index Fund (MDIV)

Aggressive Allocation | Exchange Traded Fund | NasdaqGM
15.87 USD -0.08 (-0.502%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 15.87
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 8:54 a.m. EDT

The Multi-Asset Diversified Income Index Fund presents a classic case of high income masking structural weakness. While the 7.3% dividend yield is attractive, the underlying business has failed to generate capital appreciation over the last decade, posting a cumulative loss of nearly 16% since 2016. The price trajectory confirms this stagnation, with the fund trading well below its 200-day moving average and failing to recover from the 2020 crash despite a brief recovery in 2021. Although the most recent annual return was a modest decline of 5.2%, the broader context shows five negative years versus four positive ones, indicating a persistent struggle to outpace inflation or market averages. The recent price action over the last two weeks reinforces this bearish bias, with the share price drifting lower to test the 52-week lows. Speculators are largely on the sidelines, evidenced by the lack of meaningful options flow. This is a hold for income seekers who can tolerate capital erosion, but it lacks the momentum or fundamental turnaround required for a bullish entry.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.007444
MSTL0.007515
AutoETS0.007525
AutoTheta0.007989

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 55%
H-stat 25.42
Ljung-Box p 0.000
Jarque-Bera p 0.000
Excess Kurtosis 1.66
Attribute Value
Trailing P/E 12.14

As of Oct. 10, 2026, 8:54 a.m. EDT: Options activity is sparse and lacks directional conviction. Call volume is negligible with zero out-of-the-money interest, while put activity is similarly flat. Implied volatility is elevated (81%) for the February 2027 expiration, suggesting some hedging demand or uncertainty regarding long-term downside, but the lack of significant open interest or volume indicates speculators are not aggressively positioning for a specific near-term move.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.60% 7.10% 6.66% 6.54%
Dividend History
Date Dividend Yield %
2026-09-24 0.096 0.598877
2026-08-21 0.115 0.684524
2026-07-21 0.068 0.406699
2026-06-25 0.159 0.967742
2026-05-21 0.132 0.794702
2026-04-21 0.052 0.316687
2026-03-26 0.134 0.830235
2026-02-20 0.077 0.463297
2026-01-21 0.060 0.372208
2025-12-12 0.081 0.512334
2025-11-21 0.111 0.708360
2025-10-21 0.070 0.445010
2025-09-25 0.086 0.537500
2025-08-21 0.103 0.643348
2025-07-22 0.051 0.317559
2025-06-26 0.095 0.601647
2025-05-21 0.101 0.644544
2025-04-22 0.051 0.326504
2025-03-27 0.135 0.827713
2025-02-21 0.074 0.449575
2025-01-22 0.067 0.410037
2024-12-13 0.106 0.647526
2024-11-21 0.082 0.491902
2024-10-22 0.072 0.435835
2024-09-26 0.098 0.593220
2024-08-21 0.117 0.721777
2024-07-23 0.049 0.301724
2024-06-27 0.089 0.568690
2024-05-21 0.090 0.568182
2024-04-23 0.062 0.397691
2024-03-21 0.125 0.795672
2024-02-21 0.070 0.452781
2024-01-23 0.074 0.478964
2023-12-22 0.098 0.629416
2023-11-21 0.107 0.721024
2023-10-24 0.047 0.329362
2023-09-22 0.098 0.672615
2023-08-22 0.088 0.604811
2023-07-21 0.049 0.326449
2023-06-27 0.070 0.488486
2023-05-23 0.105 0.732218
2023-04-21 0.022 0.149762
2023-03-24 0.136 0.967972
2023-02-22 0.072 0.465116
2023-01-24 0.060 0.381679
2022-12-23 0.111 0.737052
2022-11-22 0.091 0.585963
2022-10-21 0.062 0.420910
2022-09-23 0.117 0.792683
2022-08-23 0.114 0.703704
2022-07-21 0.031 0.196327
2022-06-24 0.097 0.635232
2022-05-24 0.109 0.674923
2022-04-21 0.053 0.314914
2022-03-25 0.091 0.543608
2022-02-18 0.072 0.438757
2022-01-21 0.055 0.331325
2021-12-23 0.093 0.567766
2021-11-23 0.098 0.593939
2021-10-21 0.063 0.373002
2021-09-23 0.076 0.463415
2021-08-24 0.078 0.472155
2021-07-21 0.063 0.375671
2021-06-24 0.068 0.400943
2021-05-21 0.082 0.486358
2021-04-21 0.059 0.354567
2021-03-25 0.047 0.293017
2021-02-23 0.070 0.447284
2021-01-21 0.084 0.550098
2020-12-24 0.061 0.406396
2020-11-24 0.074 0.489095
2020-10-21 0.076 0.552727
2020-09-24 0.061 0.460725
2020-08-21 0.089 0.631654
2020-07-21 0.041 0.295176
2020-06-25 0.065 0.472384
2020-05-21 0.107 0.800898
2020-04-21 0.036 0.291498
2020-03-26 0.084 0.702341
2020-02-21 0.122 0.669594
2020-01-22 0.087 0.463506
2019-12-13 0.085 0.461957
2019-11-21 0.128 0.702139
2019-10-22 0.060 0.324324
2019-09-25 0.088 0.476448
2019-08-21 0.120 0.661522
2019-07-23 0.059 0.316524
2019-06-14 0.104 0.563686
2019-05-21 0.112 0.602151
2019-04-23 0.060 0.321716
2019-03-21 0.100 0.543183
2019-02-21 0.131 0.714675
2019-01-23 0.063 0.354331
2018-12-18 0.097 0.568581
2018-11-21 0.135 0.763575
2018-10-23 0.054 0.300668
2018-09-14 0.097 0.519550
2018-08-21 0.076 0.402116
2018-07-20 0.057 0.309783
2018-06-21 0.135 0.736900
2018-05-22 0.119 0.650273
2018-04-20 0.046 0.255130
2018-03-22 0.121 0.681690
2018-02-21 0.111 0.605895
2018-01-23 0.089 0.458999
2017-12-21 0.109 0.576110
2017-11-21 0.162 0.867238
2017-10-20 0.064 0.333681
2017-09-21 0.140 0.734908
2017-08-22 0.097 0.512144
2017-07-21 0.056 0.288511
2017-06-22 0.111 0.581152
2017-05-23 0.088 0.452908
2017-04-21 0.062 0.317298
2017-03-23 0.109 0.566528
2017-02-22 0.087 0.441849
2017-01-20 0.065 0.336962
2016-12-21 0.105 0.551471
2016-11-22 0.084 0.449438
2016-10-21 0.069 0.368984
2016-09-21 0.098 0.518519
2016-08-23 0.113 0.578301
2016-07-21 0.095 0.485189
2016-06-22 0.126 0.657963
2016-05-20 0.123 0.646348
2016-04-21 0.089 0.473153
2016-03-23 0.111 0.608219
2016-02-23 0.138 0.802792
2016-01-21 0.065 0.391095
2015-12-23 0.099 0.538043
2015-11-20 0.120 0.645161
2015-10-21 0.069 0.359188
2015-09-23 0.129 0.690948
2015-08-21 0.089 0.463783
2015-07-21 0.085 0.425213
2015-06-24 0.084 0.412574
2015-05-21 0.110 0.523560
2015-02-20 0.110 0.513060
2015-01-21 0.141 0.664781
2014-12-23 0.121 0.566745
2014-11-21 0.083 0.379863
2014-10-21 0.101 0.466082
2014-09-23 0.104 0.481481
2014-08-21 0.104 0.467416
2014-07-22 0.102 0.461121
2014-06-24 0.097 0.436740
2014-05-21 0.125 0.575242
2014-04-22 0.080 0.369686
2014-03-25 0.136 0.642722
2014-02-21 0.108 0.513308
2014-01-22 0.059 0.280819
2013-12-18 0.185 0.898931
2013-11-21 0.049 0.234114
2013-10-22 0.088 0.414899
2013-09-20 0.153 0.737705
2013-08-21 0.135 0.662414
2013-07-23 0.096 0.445269
2013-06-21 0.066 0.318841
2013-05-21 0.125 0.559034
2013-04-23 0.076 0.342651
2013-03-21 0.076 0.352341
2013-02-21 0.133 0.633937
2012-12-21 0.284 1.420710
2012-09-21 0.037 0.181462
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendDate 2017-01-31
dividendYield 7.31

Info Dump

Attribute Value
All Time High 22.58
All Time Low 9.01
Ask 16.81
Ask Size 3
Average Daily Volume10 Day 57,430
Average Daily Volume3 Month 57,544
Average Volume 57,544
Average Volume10Days 57,430
Beta3 Year 0.7
Bid 16.17
Bid Size 1
Category Aggressive Allocation
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 15.93
Day Low 15.85
Display Name Multi-Asset Dvsfd Incm Idx Fund
Dividend Date 1,485,820,800
Dividend Yield 7.31
Eps Trailing Twelve Months 1.307778
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 16.4572
Fifty Day Average Change -0.5871992
Fifty Day Average Change Percent -0.035680387
Fifty Two Week Change Percent 0.6979704
Fifty Two Week High 17.02
Fifty Two Week High Change -1.1500006
Fifty Two Week High Change Percent -0.0675676
Fifty Two Week Low 15.52
Fifty Two Week Low Change 0.34999943
Fifty Two Week Low Change Percent 0.022551509
Fifty Two Week Range 15.52 - 17.02
First Trade Date Milliseconds 1,344,951,000,000
Five Year Average Return 0.057880998
Full Exchange Name NasdaqGM
Fullday Change -0.07999992
Fullday Change Percent -0.50156695
Fullday Price 15.87
Fund Family First Trust
Fund Inception Date 1,344,816,000
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and/or depositary receipts, REITs, preferred securities, MLPs and ETF that comprise the index. The index is designed to provide exposure to five asset segments, each selected to result in a consistent and high yield for the index. These five asset segments are: equity securities, REITs, preferred securities, MLPs and high yield corporate bonds.
Long Name Multi-Asset Diversified Income Index Fund
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_215565477
Nav Price 15.95
Net Assets 407,127,360.0
Net Expense Ratio 0.71
Open 15.88
Phone (800) 621-1675
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 15.87
Post Market Time 1,792,008,043
Previous Close 15.95
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0799999
Regular Market Change Percent -0.501567
Regular Market Day High 15.93
Regular Market Day Low 15.85
Regular Market Day Range 15.85 - 15.93
Regular Market Open 15.88
Regular Market Previous Close 15.95
Regular Market Price 15.87
Regular Market Time 1,792,008,001
Regular Market Volume 71,903
Short Name Multi-Asset Diversified Income
Source Interval 15
Symbol MDIV
Three Year Average Return 0.102673195
Total Assets 407,127,360
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 12.135087
Trailing Peg Ratio None
Trailing Three Month Nav Returns -2.49282
Trailing Three Month Returns -2.49282
Triggerable 1
Two Hundred Day Average 16.46045
Two Hundred Day Average Change -0.59044933
Two Hundred Day Average Change Percent -0.03587079
Type Disp ETF
Volume 71,903
Yield 0.0731
Ytd Return 6.16765