Dividend hunters have two more tools at their disposal after First Trust launched a multi-asset class income fund and the first-of-its-kind dividend-focused technology ETF.

The Multi-Asset Diversified Income Index Fund (NasdaqGM: MDIV) and the First Trust NASDAQ Technology Dividend Index Fund (NasdaqGM: TDIV) began trading on Aug. 13. [Special Report: Surveying the Dividend ETF Landscape]

The Multi-Asset Diversified Income Index Fund tries to reflect the performance of the NASDAQ Multi-Asset Diversified Income Index. It will rebalance quarterly to hold 25% in common stocks and/or depositary receipts, 20% in real estate investment trusts, 20% in preferred securities, 20% in master limited partnerships and 15% in an ETF based on the underlying index. MDIV has a 0.60% expense ratio.

“With interest rates at historically low level, income investors have been seeking yield from alternative sources, including multi-asset income investing,” Robert Carey, CFA, Chief Market Strategist at First Trust, said in a press release.

Currently, portfolio allocations include dividend stocks 25.5%, high yield corporate bond ETFs 15.0%, MLPs 20.1%, preferred securities 18.3% and REITs 20.7%.

The ETF has 124 holdings. Top holdings include iShares iBoxx $ High Yield Corporate Bond (NYSEArca: HYG) 15.0%, American Capital Agency Corp. (NYSE: AGNC) 2.2%, Invesco Mortgage Capital (NYSE: IVR) 2.1%, Two Harbors Investment Group (NYSE: TWO) 1.9% and CYS Investments (NYSE: CYS) 1.9%.