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Multi-Asset Diversified Income Index Fund
ETF
MDIV
Payout Change
Pending
Price as of:
$16.94
+0.07
+0.41%
primary theme
U.S. Balanced Allocation
MDIV (ETF)
Multi-Asset Diversified Income Index Fund
Payout Change
Pending
Price as of:
$16.94
+0.07
+0.41%
primary theme
U.S. Balanced Allocation
MDIV (ETF)
Multi-Asset Diversified Income Index Fund
Payout Change
Pending
Price as of:
$16.94
+0.07
+0.41%
primary theme
U.S. Balanced Allocation
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
14.7%
1 yr return
19.1%
3 Yr Avg Return
8.4%
5 Yr Avg Return
4.6%
Net Assets
$432 M
Holdings in Top 10
31.8%
52 WEEK LOW AND HIGH
$16.9
$15.22
$16.94
Expenses
OPERATING FEES
Expense Ratio 0.80%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 11/29/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
MDIV - Profile
Distributions
- YTD Total Return 14.7%
- 3 Yr Annualized Total Return 8.4%
- 5 Yr Annualized Total Return 4.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.03%
- Dividend Yield 5.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameMulti-Asset Diversified Income Index Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateAug 13, 2012
-
Shares Outstanding28800002
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Lindquist
Fund Description
The Fund will normally invest at least 90% of its net assets (including investment borrowings) in the common stocks and/or depositary receipts, real estate investment trusts (“REITs”), preferred securities, master limited partnerships (“MLPs”) and exchange-traded fund (“ETF”) that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is owned, developed, calculated and maintained by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity. The ETF in which the Fund invests may be advised by First Trust Advisors L.P., the Fund’s investment advisor.According to the Index Provider, 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. The Index allocates 20% of its weight to the equity securities segment, 20% of its weight to the REIT segment, 20% of its weight to the preferred stocks segment, 20% of its weight to the MLP segment and 20% of its weight to the high yield corporate bond segment. The Index provides exposure to the high yield corporate bond segment through an ETF that invests in high yield corporate debt securities. The Index methodology utilizes separate and distinct eligibility and selection rules for each asset segment that are set forth below. The Fund may invest in floating-rate securities and non-U.S. securities.Equity SecuritiesAccording to the Index Provider, to be eligible for inclusion as part of the equity securities segment of the Index, a security must meet the following criteria: (i) be a member of the Nasdaq US BenchmarkTM Index (the “Nasdaq BenchmarkTM Index”); (ii) not be classified as a Real Estate Investment Trust by the Industry Classification Benchmark (“ICB”); (iii) meet the minimum size requirements of theIndex; (iv) meet the minimum liquidity requirements of theIndex; (v) have paid a regular dividend for each of the last three consecutive years and have not suspended or discontinued its dividend payment; (vi) have positive total earnings over the trailing twelve month period; (vii) have a dividend payout ratio less than or equal to 80%; and (viii) have one year realized volatility less than the Nasdaq US BenchmarkTMIndex one-year realized volatility plus 15%.Of the eligible companies, 50 securities are selected and weighted by dividend yield. If less than 50 securities are eligible, securities will be added back based on the volatility screen such that the securities which were next eligible based on that screen will be added. If 50 securities are still not eligible, the process will be repeated with each of the previous eligibility criterion until 50 securities are achieved. Within the equity securities segment, no single security can have a weight greater than 8%.REITsAccording to the Index Provider, to be eligible for inclusion as part of the REIT segment of the Index, a security must meet the following criteria: (i) be a member of the Nasdaq US BenchmarkTM Index; (ii) be classified as a Real Estate Investment Trust by the ICB; (iii) meet the minimum size requirements of the Index; (iv) meet the minimum liquidity requirements of theIndex; (v) have paid a regular dividend for each of the last three consecutive years and have not suspended or discontinued its dividend payment; (vi) have positive total earnings over the trailing twelve month period; (vii) have a dividend payout ratio less than or equal to 150%; and (viii) have one year realized volatility less than the Nasdaq US BenchmarkTMIndex one-year realized volatility plus 15%.Of the eligible companies, 25 securities are selected and weighted by dividend yield. If less than 25 securities are eligible, securities will be added back based on the volatility screen such that the securities which were next eligible based on that screen will be added. If 25 securities are still not eligible, the process will be repeated with each of the previous eligibility criterion until 25 securities are achieved. Within the REIT segment, no single security can have a weight greater than 8%.Preferred SecuritiesAccording to the Index Provider, to be eligible for inclusion as part of the preferred securities segment of the Index, a security must meet the following criteria: (i) be a member of the Nasdaq US Preferred SecurityTM Index (the “Nasdaq PreferredTM Index”); (ii) meet the minimum size requirements of the Index; (iii) meet the minimum liquidityrequirements; (iv) have not suspended or discontinued its dividend payment; and (v) have one year realized volatility less than the Nasdaq PreferredTMIndex one-year realized volatility plus 15%.All eligible components of the Nasdaq PreferredTMIndexare then ranked based on highest dividend yield and lowestrealized volatility over the trailing 12-month period. The 25 securities with the lowest combined score based on both highest dividend and lowest realized volatility are selected.Within the preferred securities segment, no single security can have a weight greater than 8%.MLPsAccording to the Index Provider, to be eligible for inclusion as part of the MLP segment of the Index, a security must meet the following criteria: (i) be classified as a limited partnership; (ii) be classified as Energyor Industrials by the ICB; (iii) meet the minimum size requirements of theIndex; (iii) meet the minimum liquidity requirements of the Index; (iv) have not suspended or discontinued its dividend payment; and (v) have one year realized volatility less than the DWA MLP Select Index one-year realized volatility plus 15%.Each eligible security will be scored by yield and realized volatility with the highest yielding security scoring 1 and least volatile security a 1. The scores are added and the 25 securities with the lowest scores are selected for inclusion in the Index. If less than 25 securities remain after the screens, securities will be added back based on the volatility screen such that the securities which were next eligible based on that screen will be added. If 25 securities are still not eligible, the process will be repeated with each of the previous eligibility criterion until 25 securities are achieved or until there are no more eligible securities, whichever comes first. The securities are then weighted according to their yield. Within the MLP segment, no single security can have a weight greater than 8%.High Yield Corporate BondsAccording to the Index Provider, to be included as part of the high yield corporate bonds segment of the Index, a security must be a U.S.-listed ETF that invests in high yield corporate bonds and have assets under management of at least $100 million. To the extent that an ETF advised by First Trust Advisors L.P. meets these criteria, it will be selected for inclusion in the Index.The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of December 31, 2023, the Index was composed of 121 securities. As of December 31, 2023, the Fund had significant investments in energy companies and financial companies, although this may change from time to time.The Fund's investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of December 31, 2023. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
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MDIV - Performance
Return Ranking - Trailing
| Period | MDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -1.9% | 93.7% | 35.48% |
| 1 Yr | 19.1% | -1.7% | 100.0% | 47.80% |
| 3 Yr | 8.4%* | -4.0% | 23.8% | 1.95% |
| 5 Yr | 4.6%* | -2.1% | 24.7% | 91.11% |
| 10 Yr | 3.8%* | 1.2% | 14.2% | 93.91% |
* Annualized
Return Ranking - Calendar
| Period | MDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 4.5% | -12.2% | 23.9% | 89.47% |
| 2022 | -9.8% | -34.7% | 2.8% | 4.75% |
| 2021 | 10.4% | -11.9% | 18.1% | 15.77% |
| 2020 | -20.0% | -20.9% | 39.7% | 99.84% |
| 2019 | 11.6% | 0.8% | 25.7% | 74.75% |
Total Return Ranking - Trailing
| Period | MDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 14.7% | -1.9% | 93.7% | 35.48% |
| 1 Yr | 19.1% | -1.7% | 100.0% | 47.80% |
| 3 Yr | 8.4%* | -4.0% | 23.8% | 1.95% |
| 5 Yr | 4.6%* | -2.1% | 24.7% | 91.11% |
| 10 Yr | 3.8%* | 1.2% | 14.2% | 93.91% |
* Annualized
Total Return Ranking - Calendar
| Period | MDIV Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.5% | -12.2% | 26.8% | 77.34% |
| 2022 | -3.9% | -29.0% | 10.9% | 2.97% |
| 2021 | 16.5% | -3.0% | 27.3% | 15.16% |
| 2020 | -14.9% | -19.5% | 40.6% | 99.52% |
| 2019 | 18.6% | 2.2% | 32.7% | 66.17% |
MDIV - Holdings
Concentration Analysis
| MDIV | Category Low | Category High | MDIV % Rank | |
|---|---|---|---|---|
| Net Assets | 432 M | 861 K | 235 B | 67.05% |
| Number of Holdings | 124 | 2 | 16143 | 41.23% |
| Net Assets in Top 10 | 140 M | 859 K | 66.9 B | 72.22% |
| Weighting of Top 10 | 31.77% | 10.8% | 122.7% | 70.91% |
Top 10 Holdings
- First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETF 19.92%
- Icahn Enterprises LP 1.61%
- PennyMac Mortgage Investment Trust 1.58%
- Delek Logistics Partners LP 1.34%
- Alliance Resource Partners LP 1.29%
- Black Stone Minerals LP 1.25%
- Kimbell Royalty Partners LP 1.24%
- CrossAmerica Partners LP 1.19%
- Dorchester Minerals LP 1.19%
- Rithm Capital Corp 1.16%
Asset Allocation
| Weighting | Return Low | Return High | MDIV % Rank | |
|---|---|---|---|---|
| Stocks | 79.79% | 0.00% | 100.10% | 46.78% |
| Preferred Stocks | 19.94% | 0.00% | 24.59% | 0.44% |
| Cash | 0.27% | -7.92% | 100.00% | 74.56% |
| Convertible Bonds | 0.17% | 0.00% | 23.84% | 83.36% |
| Other | 0.00% | -42.55% | 113.97% | 89.62% |
| Bonds | 0.00% | 0.00% | 75.15% | 97.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | MDIV % Rank | |
|---|---|---|---|---|
| Energy | 34.77% | 0.00% | 85.65% | 1.33% |
| Real Estate | 30.77% | 0.00% | 65.01% | 1.77% |
| Utilities | 8.71% | 0.00% | 99.55% | 6.20% |
| Financial Services | 8.50% | 0.00% | 38.77% | 92.91% |
| Consumer Defense | 5.50% | 0.00% | 15.14% | 80.50% |
| Industrials | 3.24% | 0.00% | 24.37% | 98.38% |
| Communication Services | 2.55% | 0.00% | 38.10% | 94.83% |
| Healthcare | 2.32% | 0.00% | 29.35% | 94.83% |
| Consumer Cyclical | 2.04% | 0.00% | 19.36% | 97.05% |
| Technology | 0.81% | 0.00% | 44.21% | 98.23% |
| Basic Materials | 0.79% | 0.00% | 25.57% | 94.53% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | MDIV % Rank | |
|---|---|---|---|---|
| US | 79.79% | 0.00% | 100.10% | 46.20% |
| Non US | 0.00% | 0.00% | 42.80% | 94.59% |
MDIV - Expenses
Operational Fees
| MDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | 27.98% | 67.44% |
| Management Fee | 0.60% | 0.00% | 1.83% | 74.02% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 12.16% |
| Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
| MDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| MDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| MDIV Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.83% | 343.00% | 70.61% |
MDIV - Distributions
Dividend Yield Analysis
| MDIV | Category Low | Category High | MDIV % Rank | |
|---|---|---|---|---|
| Dividend Yield | 5.80% | 0.00% | 17.90% | 4.06% |
Dividend Distribution Analysis
| MDIV | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
| MDIV | Category Low | Category High | MDIV % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 3.03% | -2.34% | 13.92% | 5.36% |
Capital Gain Distribution Analysis
| MDIV | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Nov 21, 2024 | $0.082 | OrdinaryDividend |
| Oct 22, 2024 | $0.072 | OrdinaryDividend |
| Sep 26, 2024 | $0.098 | OrdinaryDividend |
| Aug 21, 2024 | $0.117 | OrdinaryDividend |
| Jul 23, 2024 | $0.049 | OrdinaryDividend |
| Jun 27, 2024 | $0.089 | OrdinaryDividend |
| Apr 23, 2024 | $0.062 | OrdinaryDividend |
| Mar 21, 2024 | $0.125 | OrdinaryDividend |
| Feb 21, 2024 | $0.070 | OrdinaryDividend |
| Jan 23, 2024 | $0.074 | OrdinaryDividend |
| Dec 22, 2023 | $0.098 | OrdinaryDividend |
| Nov 21, 2023 | $0.107 | OrdinaryDividend |
| Oct 24, 2023 | $0.047 | OrdinaryDividend |
| Sep 22, 2023 | $0.098 | OrdinaryDividend |
| Aug 22, 2023 | $0.088 | OrdinaryDividend |
| Jul 21, 2023 | $0.049 | OrdinaryDividend |
| Jun 27, 2023 | $0.070 | OrdinaryDividend |
| May 23, 2023 | $0.105 | OrdinaryDividend |
| Apr 21, 2023 | $0.022 | OrdinaryDividend |
| Mar 24, 2023 | $0.136 | OrdinaryDividend |
| Feb 22, 2023 | $0.072 | OrdinaryDividend |
| Jan 24, 2023 | $0.060 | OrdinaryDividend |
| Dec 23, 2022 | $0.111 | OrdinaryDividend |
| Nov 22, 2022 | $0.091 | OrdinaryDividend |
| Oct 21, 2022 | $0.062 | OrdinaryDividend |
| Sep 23, 2022 | $0.117 | OrdinaryDividend |
| Aug 23, 2022 | $0.114 | OrdinaryDividend |
| Jul 21, 2022 | $0.031 | OrdinaryDividend |
| Jun 24, 2022 | $0.097 | OrdinaryDividend |
| May 24, 2022 | $0.109 | OrdinaryDividend |
| Apr 21, 2022 | $0.053 | OrdinaryDividend |
| Mar 25, 2022 | $0.091 | OrdinaryDividend |
| Feb 18, 2022 | $0.072 | OrdinaryDividend |
| Jan 21, 2022 | $0.055 | OrdinaryDividend |
| Dec 23, 2021 | $0.093 | OrdinaryDividend |
| Nov 23, 2021 | $0.098 | OrdinaryDividend |
| Oct 21, 2021 | $0.063 | OrdinaryDividend |
| Sep 23, 2021 | $0.076 | OrdinaryDividend |
| Aug 24, 2021 | $0.078 | OrdinaryDividend |
| Jul 21, 2021 | $0.063 | OrdinaryDividend |
| Jun 24, 2021 | $0.068 | OrdinaryDividend |
| May 21, 2021 | $0.082 | OrdinaryDividend |
| Apr 21, 2021 | $0.059 | OrdinaryDividend |
| Mar 25, 2021 | $0.047 | OrdinaryDividend |
| Feb 23, 2021 | $0.070 | OrdinaryDividend |
| Jan 21, 2021 | $0.084 | OrdinaryDividend |
| Dec 24, 2020 | $0.061 | OrdinaryDividend |
| Nov 24, 2020 | $0.074 | OrdinaryDividend |
| Oct 21, 2020 | $0.076 | OrdinaryDividend |
| Sep 24, 2020 | $0.061 | OrdinaryDividend |
| Aug 21, 2020 | $0.089 | OrdinaryDividend |
| Jul 21, 2020 | $0.041 | OrdinaryDividend |
| Jun 25, 2020 | $0.065 | OrdinaryDividend |
| May 21, 2020 | $0.107 | OrdinaryDividend |
| Apr 21, 2020 | $0.036 | OrdinaryDividend |
| Mar 26, 2020 | $0.084 | OrdinaryDividend |
| Feb 21, 2020 | $0.122 | OrdinaryDividend |
| Jan 22, 2020 | $0.087 | OrdinaryDividend |
| Dec 13, 2019 | $0.085 | OrdinaryDividend |
| Nov 21, 2019 | $0.128 | OrdinaryDividend |
| Oct 22, 2019 | $0.060 | OrdinaryDividend |
| Sep 25, 2019 | $0.088 | OrdinaryDividend |
| Aug 21, 2019 | $0.120 | OrdinaryDividend |
| Jul 23, 2019 | $0.059 | OrdinaryDividend |
| Jun 14, 2019 | $0.104 | OrdinaryDividend |
| May 21, 2019 | $0.112 | OrdinaryDividend |
| Apr 23, 2019 | $0.060 | OrdinaryDividend |
| Mar 21, 2019 | $0.100 | OrdinaryDividend |
| Feb 21, 2019 | $0.131 | OrdinaryDividend |
| Jan 23, 2019 | $0.063 | OrdinaryDividend |
| Dec 18, 2018 | $0.097 | OrdinaryDividend |
| Nov 21, 2018 | $0.135 | OrdinaryDividend |
| Oct 23, 2018 | $0.054 | OrdinaryDividend |
| Sep 14, 2018 | $0.097 | OrdinaryDividend |
| Aug 21, 2018 | $0.076 | OrdinaryDividend |
| Jul 20, 2018 | $0.057 | OrdinaryDividend |
| Jun 21, 2018 | $0.135 | OrdinaryDividend |
| May 22, 2018 | $0.119 | OrdinaryDividend |
| Apr 20, 2018 | $0.046 | OrdinaryDividend |
| Mar 22, 2018 | $0.121 | OrdinaryDividend |
| Feb 21, 2018 | $0.111 | OrdinaryDividend |
| Jan 23, 2018 | $0.089 | OrdinaryDividend |
| Dec 21, 2017 | $0.109 | OrdinaryDividend |
| Nov 21, 2017 | $0.162 | OrdinaryDividend |
| Oct 20, 2017 | $0.064 | OrdinaryDividend |
| Sep 21, 2017 | $0.140 | OrdinaryDividend |
| Aug 22, 2017 | $0.097 | OrdinaryDividend |
| Jul 21, 2017 | $0.056 | OrdinaryDividend |
| Jun 22, 2017 | $0.111 | OrdinaryDividend |
| May 23, 2017 | $0.088 | OrdinaryDividend |
| Apr 21, 2017 | $0.062 | OrdinaryDividend |
| Mar 23, 2017 | $0.109 | OrdinaryDividend |
| Feb 22, 2017 | $0.087 | OrdinaryDividend |
| Jan 20, 2017 | $0.065 | OrdinaryDividend |
| Dec 21, 2016 | $0.105 | OrdinaryDividend |
| Nov 22, 2016 | $0.084 | OrdinaryDividend |
| Oct 21, 2016 | $0.069 | OrdinaryDividend |
| Sep 21, 2016 | $0.098 | OrdinaryDividend |
| Aug 23, 2016 | $0.113 | OrdinaryDividend |
| Jul 21, 2016 | $0.095 | OrdinaryDividend |
| Jun 22, 2016 | $0.126 | OrdinaryDividend |
| May 20, 2016 | $0.123 | OrdinaryDividend |
| Apr 21, 2016 | $0.089 | OrdinaryDividend |
| Mar 23, 2016 | $0.111 | OrdinaryDividend |
| Feb 23, 2016 | $0.138 | OrdinaryDividend |
| Jan 21, 2016 | $0.065 | OrdinaryDividend |
| Dec 23, 2015 | $0.099 | OrdinaryDividend |
| Nov 20, 2015 | $0.120 | OrdinaryDividend |
| Oct 21, 2015 | $0.069 | OrdinaryDividend |
| Sep 23, 2015 | $0.196 | OrdinaryDividend |
| Aug 21, 2015 | $0.135 | OrdinaryDividend |
| Jul 21, 2015 | $0.085 | OrdinaryDividend |
| Jun 24, 2015 | $0.084 | OrdinaryDividend |
| May 21, 2015 | $0.110 | OrdinaryDividend |
| Apr 21, 2015 | $0.063 | OrdinaryDividend |
| Mar 25, 2015 | $0.140 | OrdinaryDividend |
| Feb 20, 2015 | $0.110 | OrdinaryDividend |
| Jan 21, 2015 | $0.141 | OrdinaryDividend |
| Dec 23, 2014 | $0.121 | OrdinaryDividend |
| Nov 21, 2014 | $0.083 | OrdinaryDividend |
| Oct 21, 2014 | $0.101 | OrdinaryDividend |
| Sep 23, 2014 | $0.104 | OrdinaryDividend |
| Aug 21, 2014 | $0.104 | OrdinaryDividend |
| Jul 22, 2014 | $0.102 | OrdinaryDividend |
| Jun 24, 2014 | $0.097 | OrdinaryDividend |
| May 21, 2014 | $0.125 | OrdinaryDividend |
| Apr 22, 2014 | $0.080 | OrdinaryDividend |
| Mar 25, 2014 | $0.136 | OrdinaryDividend |
| Feb 21, 2014 | $0.108 | OrdinaryDividend |
| Jan 22, 2014 | $0.059 | OrdinaryDividend |
| Dec 18, 2013 | $0.185 | OrdinaryDividend |
| Nov 21, 2013 | $0.049 | OrdinaryDividend |
| Oct 22, 2013 | $0.088 | OrdinaryDividend |
| Sep 20, 2013 | $0.153 | OrdinaryDividend |
| Aug 21, 2013 | $0.135 | OrdinaryDividend |
| Jul 23, 2013 | $0.096 | OrdinaryDividend |
| Jun 21, 2013 | $0.066 | OrdinaryDividend |
| May 21, 2013 | $0.125 | OrdinaryDividend |
| Apr 23, 2013 | $0.076 | OrdinaryDividend |
| Mar 21, 2013 | $0.076 | OrdinaryDividend |
| Feb 21, 2013 | $0.133 | OrdinaryDividend |
| Dec 21, 2012 | $0.283 | OrdinaryDividend |
| Dec 21, 2012 | $0.001 | CapitalGainShortTerm |
| Sep 21, 2012 | $0.037 | OrdinaryDividend |
MDIV - Fund Manager Analysis
Managers
Daniel Lindquist
Start Date
Tenure
Tenure Rank
Aug 13, 2012
9.8
9.8%
Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.
Jon Erickson
Start Date
Tenure
Tenure Rank
Aug 13, 2012
9.8
9.8%
Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.
David McGarel
Start Date
Tenure
Tenure Rank
Aug 13, 2012
9.8
9.8%
David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.
Stan Ueland
Start Date
Tenure
Tenure Rank
Aug 13, 2012
9.8
9.8%
Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.
Roger Testin
Start Date
Tenure
Tenure Rank
Aug 13, 2012
9.8
9.8%
Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.
Chris Peterson
Start Date
Tenure
Tenure Rank
Mar 18, 2016
6.21
6.2%
Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.
Erik Russo
Start Date
Tenure
Tenure Rank
Dec 31, 2020
1.41
1.4%
Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 34.51 | 6.36 | 2.41 |
