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Morningstar

Multi-Asset Diversified Income ETF MDIV

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis MDIV

Will MDIV outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MDIV’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MDIV management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MDIV’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Multi-Asset Diversified Income ETF to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MDIV

More MDIV Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First Trust Tactical High Yield ETF

19.94 83.4 Mil
—

Alliance Resource Partners LP

1.49 6.2 Mil
Energy

Ready Capital Corp

1.42 5.9 Mil
Real Estate

PennyMac Mortgage Investment Trust

1.39 5.8 Mil
Real Estate

Icahn Enterprises LP Depositary Units Repr Units of LP Interests

1.39 5.8 Mil
Energy

Dorchester Minerals LP

1.23 5.2 Mil
Energy

Rithm Capital Corp

1.21 5.1 Mil
Real Estate

Nustar Logistics, L.P. 0%

1.20 5.0 Mil
Corporate

Black Stone Minerals LP Partnership Units

1.19 5.0 Mil
Energy

Kimbell Royalty Partners LP

1.18 4.9 Mil
Energy