# Multi-Asset Diversified Income Index Fund (MDIV) — Overview

MDIV · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/mdiv

## Price

Last close $16.02 on Oct 15, 2026. 52-week range $15.59 – $16.94.

## Fund profile

This fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF.

| Metric | Value |
| --- | --- |
| Issuer | First Trust Advisors L.P. |
| Industry | — |
| Inception | Aug 13, 2012 |
| Assets under management | $409.2M |
| Expense ratio | 0.71% |
| Net asset value | $15.89 (as of Oct 14, 2026) |
| Distributions | Monthly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Multi-Asset Diversified Income Index Fund (MDIV)?

This fund tracks an index of equal-weighted US-listed securities, comprised of dividend-paying equities, REITs, preferred securities, MLPs, and a high-yield bond ETF.

### What is MDIV's expense ratio?

Multi-Asset Diversified Income Index Fund charges an annual expense ratio of 0.71%. The fund is issued by First Trust Advisors L.P..

### How large is MDIV?

Multi-Asset Diversified Income Index Fund manages $409.2M in assets and has traded since Aug 13, 2012.

### How do I buy shares of Multi-Asset Diversified Income Index Fund (MDIV)?

MDIV trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).