Exchange traded funds that can deliver income to yield-starved investors continue to proliferate with some thriving. That much has been highlighted by the roughly $8 billion investors have allocated to dividend ETFs this year.

With interest rates low, an array of income-generating sectors and asset classes flourished this year. That group includes the usual suspects such as real estate investment trusts and utilities. Due to their mixed exposure to asset classes that are often rate-sensitive, multi-asset ETFs have also proven durable and there is a new addition to that group. [Multi-Asset ETFs Get Interest Rate Relief]

The actively managed First Trust Strategic Income ETF (NasdaqGM: FDIV) debuted earlier this month as new income-generating tool through positions in various asset classes, including high-yield bonds and senior loans, mortgage-related securities, preferred securities, international sovereign bonds, master limited partnerships (MLPs) and energy infrastructure companies, and dividend stocks. [First Trust Debuts Strategic Income ETF]

FDIV joins the First Trust NASDAQ Multi-Asset Diversified Income Index Fund (NasdaqGM: MDIV) and the First Trust International Multi-Asset Diversified Income Fund (NasdaqGM: YDIV) as the firm’s marquee multi-asset offerings.

Like its older family members, FDIV blends several other ETFs with common and preferred stocks, partnerships and trusts to form the ETF’s lineup of 135 holdings. In fact, FDIV’s top-five holdings, a group that represents 34.5% of the ETF’s weight, are all other ETFs.

That group is comprised of the First Trust Senior Loan Fund (NasdaqGM: FTSL), iShares Emerging Markets Local Currency Bond ETF (NYSEArca: LEMB), First Trust Preferred Securities and Income ETF (NYSEArca: FPE), iShares J.P. Morgan USD Emerging Markets Bond ETF (NYSEArca: EMB) and the iShares MBS ETF (NYSEArca: MBB).

Several new ETFs that have debuted this year have adopted the ETF fund of funds approach.

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