2024-05-07 16:09:58 ET
Summary
- MDIV is a multi-asset class ETF focusing on income-producing asset classes and securities.
- The fund's strategy and security selection process have led to underperformance compared to index funds of its underlying asset classes.
- It pales in comparison to some of its peers, especially CEFS.
I last covered the First Trust Multi-Asset Diversified Income Index Fund ETF ( MDIV ) in early 2022. In that article , I argued that MDIV was a subpar multi-asset class ETF, and that the Saba Closed-End Funds ETF ( CEFS ) and the Invesco CEF Income Composite Portfolio ETF ( PCEF ) were both stronger choices....
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Sell MDIV, Buy CEFS