NasdaqGM:MDIV

Stock Analysis Report

First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund

Executive Summary

First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund is an exchange traded fund launched and managed by First Trust Advisors L.P.


Snowflake Analysis

Share Price & News

How has First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: MDIV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.8%

MDIV

-8.0%

US Capital Markets

-7.4%

US Market


1 Year Return

-4.6%

MDIV

8.3%

US Capital Markets

10.5%

US Market

Return vs Industry: MDIV underperformed the US Capital Markets industry which returned 8.3% over the past year.

Return vs Market: MDIV underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

MDIVIndustryMarket
7 Day-4.8%-8.0%-7.4%
30 Day-4.9%-4.0%-3.6%
90 Day-5.0%-2.1%-0.6%
1 Year1.4%-4.6%10.4%8.3%12.8%10.5%
3 Year6.5%-11.6%27.5%20.4%37.4%28.6%
5 Year11.7%-18.4%70.2%54.4%61.3%43.6%

Price Volatility Vs. Market

How volatile is First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund undervalued compared to its fair value and its price relative to the market?


In this section, we usually try to help investors determine whether First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund is trading at an attractive price based on the cash flow it is expected to produce in the future. But as First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.

Future Growth

How is First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.5%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund performed over the past 5 years?

17.3%

Historical Diversified Financials annual earnings growth


In this section we usually display a company’s past earnings and revenues to help investors visualise the trend through time. We also gauge the company’s performance by benchmarking its returns and growth to its industry peers and the wider market. However, First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund has not provided sufficient past data to assess its track record.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have historical data.

Financial Health

How is First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's financial position? (This company is analysed differently as a bank or financial institution)


In this section we usually analyse First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's finance health to determine how well-positioned it is against times of financial distress, in particular, its ability to manage its cash and debt levels. First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund has not provided adequate balance sheet data, its financial health cannot be properly assessed as it.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have financial information.

Dividend

What is First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate MDIV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate MDIV's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if MDIV's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if MDIV's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of MDIV's dividend in 3 years as they are not forecast to pay a notable one for the US market.

Management

How experienced are the management team and are they aligned to shareholders interests?

8.1yrs

Average management tenure


CEO

First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
David McGarel
Portfolio Manager & Member of Investment Committee8.1yrsno datano data
Daniel Lindquist
Portfolio Manager & Chairman of Investment Committee8.1yrsno datano data
Stan Ueland
Portfolio Manager & Member of Investment Committee8.1yrsno datano data
Robert Carey
Chief Market Strategist and Senior Vice President0yrsno datano data
Jon Erickson
Portfolio Manager & Member of Investment Committee8.1yrsno datano data
Roger Testin
Portfolio Manager & Member of Investment Committee8.1yrsno datano data
Chris Peterson
Portfolio Manager & Member of Investment Committee4.1yrsno datano data

8.1yrs

Average Tenure

49yo

Average Age

Experienced Management: MDIV's management team is seasoned and experienced (8.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund's company bio, employee growth, exchange listings and data sources


Key Information


Location

  • First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund
  • 120 East Liberty Drive
  • Suite 400
  • Wheaton
  • Illinois
  • 60187
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MDIVNasdaqGM (Nasdaq Global Market)YesMULTI ASSET DIUSUSDAug 2012
MDIV *BMV (Bolsa Mexicana de Valores)YesMULTI ASSET DIMXMXNAug 2012

Biography

First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund is an exchange traded fund launched and managed by First Trust Advisors L.P. The fund invests in the public equity and fixed income markets of the United States. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth and value stocks of small-cap, mid-cap and large-cap companies with a minimum market capitalization of $1 billion. It also invests a portion of its assets in oil and gas or basic materials MLPs, preferred securities and REITs . For the fixed income portion, the fund invests in an exchange traded fund which invests in high yield corporate bonds. It seeks to replicate the performance of the NASDAQ US Multi-Asset Diversified Income Index, by using full replication method. First Trust Exchange-Traded Fund VI - Multi-Asset Diversified Income Index Fund was formed on August 13, 2012 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 01:56
End of Day Share Price2020/02/25 00:00
EarningsN/A
Annual EarningsN/A


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.