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Multi-Asset Diversified Income Index Fund

MDIV

First Trust

Multi-Asset Diversified Income Index Fund (MDIV) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 67.54%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 67.54%
  • Halal 5.73%
  • Doubtful 0.00%
  • Not halal 61.81%
  • Not rated 32.46%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
First Trust
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.83%
AUM
418.54M USD
Holdings
122 (108 screened)
Basket as of (provider)
22 Oct 2026
Basket fetched by Akinda
23 Oct 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal5.73%61.81%
DJIMNot halal5.73%59.62%
FTSENot halal12.21%55.33%
MSCINot halal12.21%55.33%
S&PNot halal6.10%61.44%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–50 of 122 holdings, largest first · basket as of 22 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
HYLSFirst Trust Tactical High Yield ETF
20.45%Not ratedNot ratedNot ratedNot ratedNot rated
2
IEPIcahn Enterprises, L.P.
1.53%Not halalNot halalNot halalNot halalNot halal
3
MNRMach Natural Resources LP
1.40%Not halalNot halalHalalHalalNot halal
4
AGNCAGNC Investment Corp.
1.38%Not halalNot halalNot halalNot halalNot halal
5
KRPKimbell Royalty Partners LP
1.37%Not halalNot halalNot halalNot halalNot halal
6
ARRARMOUR Residential REIT, Inc.
1.33%Not halalNot halalNot halalNot halalNot halal
7
NLYAnnaly Capital Management, Inc.
1.33%Not halalNot halalNot halalNot halalNot halal
8
TXOTXO Partners, L.P.
1.28%Not halalNot halalHalalHalalNot halal
9
RITM-PBRithm Capital Corp., Series B, Variable Rate
1.27%Not ratedNot ratedNot ratedNot ratedNot rated
10
RITMRithm Capital Corp.
1.23%Not halalNot halalNot halalNot halalNot halal
11
DMLPDorchester Minerals, L.P.
1.19%HalalHalalHalalHalalHalal
12
ARLPAlliance Resource Partners, L.P.
1.10%HalalHalalHalalHalalHalal
13
CAPLCrossAmerica Partners LP
1.09%Not halalNot halalNot halalNot halalNot halal
14
WESWestern Midstream Partners LP
1.09%Not halalNot halalNot halalNot halalNot halal
15
C-PNCitigroup Capital XIII, Variable Rate, due 10/30/2040
1.03%Not ratedNot ratedNot ratedNot ratedNot rated
16
BSMBlack Stone Minerals, L.P.
0.96%HalalHalalHalalHalalHalal
17
APLEApple Hospitality REIT, Inc.
0.95%Not halalNot halalHalalHalalNot halal
18
DKLDelek Logistics Partners LP
0.93%Not halalNot halalNot halalNot halalNot halal
19
GLPIGaming and Leisure Properties, Inc.
0.91%Not halalNot halalNot halalNot halalNot halal
20
AGNCNAGNC Investment Corp., Series C, 7.000%, Variable Rate
0.91%Not halalNot halalNot halalNot halalNot halal
21
RITM-PDRithm Capital Corp., Series D, Variable Rate
0.91%Not ratedNot ratedNot ratedNot ratedNot rated
22
AGNCOAGNC Investment Corp., Series E, 6.500% Variable Rate
0.91%Not halalNot halalNot halalNot halalNot halal
23
AGNCPAGNC Investment Corp., Series F, 6.125% Variable Rate
0.89%Not halalNot halalNot halalNot halalNot halal
24
NLY-PFAnnaly Capital Management, Inc., Series F, 6.950%, Variable Rate
0.89%Not ratedNot ratedNot ratedNot ratedNot rated
25
USACUSA Compression Partners LP
0.89%Not halalNot halalNot halalNot halalNot halal
26
VICIVICI Properties Inc.
0.88%Not halalNot halalNot halalNot halalNot halal
27
LNC-PDLincoln National Corporation, Series D, 9.000%
0.86%Not ratedNot ratedNot ratedNot ratedNot rated
28
MPLXMPLX LP
0.86%Not halalNot halalNot halalNot halalNot halal
29
NLY-PGAnnaly Capital Management, Inc., Series G, 6.500% Variable Rate
0.84%Not ratedNot ratedNot ratedNot ratedNot rated
30
SYF-PBSynchrony Financial, Series B Variable Rate
0.82%Not ratedNot ratedNot ratedNot ratedNot rated
31
FITBIFifth Third Bancorp, Series I, 6.625%, Variable Rate
0.80%Not ratedNot ratedNot ratedNot ratedNot rated
32
AQNBAlgonquin Power & Utilities Corp., Series 19-A, 6.200%, Variable Rate, Due 07/01/2079
0.80%Not halalNot halalNot halalNot halalNot halal
33
JXN-PAJackson Financial Inc., 8.000%, Variable Rate
0.80%Not ratedNot ratedNot ratedNot ratedNot rated
34
PAAPlains All American Pipeline, L.P.
0.80%Not halalNot halalNot halalNot halalNot halal
35
BANC-PFBanc of California, Inc., Series F, 7.75% Variable Rate
0.79%Not ratedNot ratedNot ratedNot ratedNot rated
36
EPREPR Properties
0.77%Not halalNot halalNot halalNot halalNot halal
37
CHSCOCHS Inc., Series 1, 7.875%
0.77%Not halalNot ratedHalalHalalNot halal
38
FCPTFour Corners Property Trust, Inc.
0.75%Not halalNot halalNot halalNot halalNot halal
39
APOSApollo Global Management, Inc., 7.625%, Variable Rate, Due 09/15/2053
0.75%Not halalNot halalNot halalNot halalNot halal
40
ETEnergy Transfer LP
0.74%Not halalNot halalNot halalNot halalNot halal
41
ALL-PBThe Allstate Corporation, 5.100%, Variable Rate, Due 01/15/2053
0.74%Not ratedNot ratedNot ratedNot ratedNot rated
42
OHIOmega Healthcare Investors, Inc.
0.74%Not halalNot halalNot halalNot halalNot halal
43
CHSCLCHS Inc., Series 4, 7.500%
0.73%Not halalNot ratedHalalHalalNot halal
44
PAGPPlains GP Holdings, L.P. (Class A)
0.73%Not halalNot halalNot halalNot halalNot halal
45
PFEPfizer Inc.
0.72%Not halalNot halalHalalHalalNot halal
46
CUBECubeSmart
0.71%Not halalNot halalNot halalNot halalNot halal
47
MS-PEMorgan Stanley, Series E, 7.125%, Variable Rate
0.71%Not ratedNot ratedNot ratedNot ratedNot rated
48
GLPGlobal Partners LP
0.71%Not halalNot halalNot halalNot halalNot halal
49
ATHSAthene Holding Ltd., 7.250% Variable Rate, Due 03/30/2064
0.70%Not halalNot halalNot halalNot halalNot halal
50
RZCReinsurance Group of America, Incorporated, 7.125%, Variable Rate, Due 10/15/2052
0.70%Not halalNot halalNot halalNot halalNot halal

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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