First Trust Multi-Asset Diversified Income (MDIV)
Want a high yield, but don’t want to be bogged done by just one sector or security type? Then a multi-asset dividend ETF is for you. And the First Trust Multi-Asset Diversified Income (MDIV) is the highest yielding one available, with a 5.9% dividend yield.
MDIV basically owns various high yielding asset classes — including REITs, MLPS, preferred stocks, dividend paying equities and junk bonds. It currently gains that high bond exposure through the iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
While MDIV isn’t as high yielding as some of the others on this list, its diversification and one-ticker access to these asset classes makes it a prime choice for those investors looking for bigger dividends. Many investors must agree — in its 18 months of existence, MDIV has accumulated a huge $530 million in assets so far.
Expenses for MDIV run 0.60%.
As of this writing, Aaron Levitt did not hold a position in any of the aforementioned securities.