First Trust NASDAQ Multi-Asset Diversified Income Index Fund (NasdaqGM: MDIV)

12-month yield: 5.76%

Comment: The First Trust Multi-Asset Income Fund takes a more risk tolerant approach to income generation as its portfolio is mainly comprised of dividend-paying stocks. Specifically, MDIV includes exposure to common stocks, real estate investment trusts, preferred securities and master limited partnerships, along with a 15% position in junk bonds.