Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund

Frequently Asked Questions About MFD

What does MFD invest in?

The Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund functions as a closed-end equity mutual fund, initially launched and primarily managed by First Trust Advisors L.P. Management responsibilities are shared, with Macquarie Capital Investment Management, LLC and Four Corners Capital Management, LLC also contributing. The fund aims to invest in public equity markets globally, specifically targeting shares of companies operating within the infrastructure and utilities sectors. A key focus of its investment strategy is dividend-yielding stocks. Its portfolio performance is evaluated against the S&P 500 Utilities Total Return Index. This fund, domiciled in the United States, was established on March 25, 2004.

What is the expense ratio of MFD?

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is MFD?

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) manages $72.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MFD actively managed or an index fund?

MFD is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (MFD's is 0.00%) because there's no security selection cost.

When was MFD launched?

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD) launched in March 2004 and is managed by First Trust.

How has MFD performed?

MFD's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.