Advertisement
Skip to Content
Morningstar

Multi-Asset Diversified Income ETF MDIV

Morningstar Analyst Rating
Quantitative 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.

Summary

|

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Multi-Asset Diversified Income ETF to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers. The strategy changed its peer group in November, moving from the Allocation--50% to 70% Equity category to the Allocation--85%+ Equity Morningstar Category.

Unlock our full analysis with Morningstar Investor