Company Data
Multi-Asset Diversified Income Index Fund
Ticker
MDIV
Current Price
$15.82 0.13%
Market Cap
$449.3M
Price Target
Refer to Report
Volume
54.5K
52wk Range
$14.745 - $16.97
Overview
The investment seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index called the NASDAQ US Multi-Asset Diversified Income IndexSM. 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.