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
Advanced Market Data

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.

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