UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-Q

       QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
                               INVESTMENT COMPANY

                  Investment Company Act file number 811-21496
                                                    -----------

  Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
--------------------------------------------------------------------------------
               (Exact name of registrant as specified in charter)

                       120 East Liberty Drive, Suite 400
                               Wheaton, IL 60187
           ---------------------------------------------------------
              (Address of principal executive offices) (Zip code)

                             W. Scott Jardine, Esq.

                          First Trust Portfolios L.P.
                       120 East Liberty Drive, Suite 400
                               Wheaton, IL 60187
           ---------------------------------------------------------
                    (Name and address of agent for service)

        Registrant's telephone number, including area code: 630-765-8000
                                                           --------------

                      Date of fiscal year end: November 30
                                              -------------

                  Date of reporting period: February 29, 2016
                                           -------------------

Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of
this chapter), to file reports with the Commission, not later than 60 days after
the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under
the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use
the information provided on Form N-Q in its regulatory, disclosure review,
inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and
the Commission will make this information public. A registrant is not required
to respond to the collection of information contained in Form N-Q unless the
Form displays a currently valid Office of Management and Budget ("OMB") control
number. Please direct comments concerning the accuracy of the information
collection burden estimate and any suggestions for reducing the burden to the
Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC
20549. The OMB has reviewed this collection of information under the clearance
requirements of 44 U.S.C. ss. 3507.





ITEM 1. SCHEDULE OF INVESTMENTS. The Schedule(s) of Investments is attached
herewith.


MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
(MFD)
PORTFOLIO OF INVESTMENTS
FEBRUARY 29, 2016 (UNAUDITED)



     SHARES                                     DESCRIPTION                                    VALUE
---------------  -----------------------------------------------------------------------   --------------
COMMON STOCKS (a) - 77.3%

                                                                                     
                 AUSTRALIA - 11.2%
        298,662  APA Group (b)..........................................................   $    1,858,843
      1,391,115  DUET Group (b).........................................................        2,253,903
      2,556,011  Spark Infrastructure Group.............................................        3,812,900
        513,794  Transurban Group (b)...................................................        4,162,280
                                                                                           --------------
                                                                                               12,087,926
                                                                                           --------------

                 CANADA - 24.0%
        114,000  Enbridge, Inc. (b).....................................................        4,026,652
        201,200  Inter Pipeline, Ltd. (b)...............................................        3,690,897
        283,771  Northland Power, Inc. (b)..............................................        3,989,153
         91,812  Pembina Pipeline Corp. (b).............................................        2,288,854
        186,100  TransCanada Corp. (b)..................................................        6,829,169
        873,400  Veresen, Inc. (b)......................................................        5,131,951
                                                                                           --------------
                                                                                               25,956,676
                                                                                           --------------

                 CAYMAN ISLANDS - 5.0%
     11,534,500  Hopewell Highway Infrastructure, Ltd. (b)..............................        5,412,787
                                                                                           --------------

                 FRANCE - 4.1%
        145,704  Electricite de France S.A. (b).........................................        1,541,460
        186,596  Engie S.A. (b).........................................................        2,899,704
                                                                                           --------------
                                                                                                4,441,164
                                                                                           --------------

                 GERMANY - 1.8%
        140,783  Hamburger Hafen Und Logistik AG (b)....................................        1,941,961
                                                                                           --------------

                 HONG KONG - 2.1%
        831,594  China Merchants Holdings International Co., Ltd. (b)...................        2,304,028
                                                                                           --------------

                 ITALY - 2.4%
        479,592  Snam S.p.A. (b)........................................................        2,597,155
                                                                                           --------------

                 SINGAPORE - 5.5%
     12,725,200  Hutchison Port Holdings Trust (b)......................................        5,980,844
                                                                                           --------------

                 SPAIN - 5.0%
        255,802  Abertis Infraestructuras S.A. (b)......................................        3,854,122
         53,862  Enagas S.A.............................................................        1,521,395
                                                                                           --------------
                                                                                                5,375,517
                                                                                           --------------

                 UNITED KINGDOM - 8.1%
        554,433  National Grid PLC (b)..................................................        7,435,191
        118,944  Pennon Group PLC (b)...................................................        1,349,247
                                                                                           --------------
                                                                                                8,784,438
                                                                                           --------------

                 UNITED STATES - 8.1%
        129,100  Columbia Pipeline Group, Inc. (b)......................................        2,343,165
         44,300  Sempra Energy (b)......................................................        4,275,393
         50,900  Spectra Energy Corp. (b)...............................................        1,486,280



                     See Notes to Portfolio of Investments





MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
(MFD)
PORTFOLIO OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2016 (UNAUDITED)



    SHARES/
     UNITS                                      DESCRIPTION                                    VALUE
---------------  -----------------------------------------------------------------------   --------------
COMMON STOCKS (a) (CONTINUED)

                                                                                     
                 UNITED STATES (CONTINUED)
         38,000  Williams (The) Cos., Inc. (b)..........................................   $      607,620
                                                                                           --------------
                                                                                                8,712,458
                                                                                           --------------
                 TOTAL COMMON STOCKS....................................................       83,594,954
                 (Cost $95,288,856)                                                        --------------

MASTER LIMITED PARTNERSHIPS (a) - 18.6%

                 UNITED STATES - 18.6%
        122,900  Buckeye Partners, L.P. (b).............................................        7,909,844
        100,900  Enbridge Energy Partners, L.P. (b).....................................        1,672,922
        310,854  Enterprise Products Partners, L.P. (b).................................        7,264,658
         48,300  Magellan Midstream Partners, L.P.......................................        3,264,114
                                                                                           --------------
                 TOTAL MASTER LIMITED PARTNERSHIPS......................................       20,111,538
                 (Cost $19,797,134)                                                        --------------

   PRINCIPAL                                                                   STATED
     VALUE                      DESCRIPTION                      RATE (c)    MATURITY(d)       VALUE
---------------  --------------------------------------------   ----------   -----------   --------------
SENIOR FLOATING-RATE LOAN INTERESTS - 34.3%

                 CAYMAN ISLANDS - 1.7%
$       825,000  Sable International Finance Ltd., Term
                    Loan B-1 ................................      4.75%       12/02/22           800,770
      1,075,000  Sable International Finance Ltd., Term
                    Loan B-2 ................................      4.75%       12/02/22         1,043,427
                                                                                           --------------
                                                                                                1,844,197
                                                                                           --------------

                 FRANCE - 1.9%
      1,111,054  Numericable US LLC, Dollar Denominated
                    Tranche B-1 Loan ........................      4.50%       05/21/20         1,068,834
        961,213  Numericable US LLC, Dollar Denominated
                    Tranche B-2 Loan ........................      4.50%       05/21/20           924,687
                                                                                           --------------
                                                                                                1,993,521
                                                                                           --------------

                 LUXEMBOURG - 1.3%
      1,492,500  Altice Financing S.A., Dollar Denominated
                    Tranche Loan ............................      5.25%       01/30/22         1,443,993
                                                                                           --------------

                 NETHERLANDS - 1.2%
      1,324,144  UPC Broadband Holdings, B.V., Facility AH...      3.34%       06/30/21         1,283,003
                                                                                           --------------

                 UNITED STATES - 28.2%
      2,305,895  Altice US Finance I Corp., Initial Term
                    Loan ....................................      4.25%       12/14/22         2,255,258
      1,250,000  Calpine Corp., Term Loan ...................      4.00%       10/09/19         1,208,700
        350,000  Calpine Corp., Term Loan (12/15) ...........      4.00%       01/15/23           337,750
      2,000,000  CCO Safari III LLC, Term I Loan ............      2.75%       01/23/23         1,987,500
        492,386  Charter Communications Operating LLC,
                    Term E Loan .............................      3.00%       07/01/20           480,588



                     See Notes to Portfolio of Investments





MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
(MFD)
PORTFOLIO OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2016 (UNAUDITED)



   PRINCIPAL                                                                   STATED
     VALUE                      DESCRIPTION                      RATE (c)    MATURITY(d)       VALUE
---------------  --------------------------------------------   ----------   -----------   --------------
SENIOR FLOATING-RATE LOAN INTERESTS (CONTINUED)

                                                                               
                 UNITED STATES (CONTINUED)
$       766,574  CHS/Community Health Systems, Inc.,
                    Incremental 2018 Term F Loan ............      3.66%       12/31/18    $      744,535
      1,313,015  CHS/Community Health Systems, Inc.,
                    Incremental 2019 Term G Loan ............      3.75%       12/31/19         1,250,923
      1,215,120  CHS/Community Health Systems, Inc.,
                    Incremental 2021 Term H Loan ............      4.00%       01/27/21         1,153,391
      1,488,759  Communications Sales & Leasing, Inc., Term
                    Loan ....................................      5.00%       10/24/22         1,382,224
      2,100,000  Gray Television, Inc., Term Loan C .........      4.25%       06/13/21         2,092,125
      1,124,000  Green Energy Partners/Stonewall LLC, Term
                    B-1 Conversion Advance ..................      6.50%       11/13/21         1,005,980
      2,494,898  HCA, Inc., Tranche B-4 Term Loan ...........      3.36%       05/01/18         2,490,931
        500,000  HCA, Inc., Tranche B-5 Term Loan ...........      2.75%       03/31/17           499,375
      2,851,481  IASIS Healthcare LLC, Term B-2 Loan ........      4.50%       05/03/18         2,770,926
      2,880,000  Level 3 Financing, Inc., Tranche B 2020
                    Term Loan ...............................      4.00%       01/15/20         2,874,614
      2,000,000  Neptune Finco Corp., Initial Term Loan .....      5.00%       09/25/22         1,979,500
        718,816  NRG Energy, Inc., Second Amendment Term
                    Loan ....................................      2.75%       07/01/18           705,561
      1,000,000  Panda Liberty LLC, Construction B-1
                    Facility ................................      7.50%       08/21/20           900,000
      2,784,908  Wide Open West Finance LLC, Replacement
                    Term B Loan .............................      4.50%       04/01/19         2,670,615
      1,700,000  Zayo Group LLC, 2016 Incremental Term
                    Loan ....................................      4.50%       05/06/21         1,696,175
                                                                                           --------------
                                                                                               32,330,868
                                                                                           --------------
                 TOTAL SENIOR FLOATING-RATE LOAN INTERESTS..............................       37,051,385
                 (Cost $38,013,898)                                                        --------------

                 TOTAL INVESTMENTS - 130.2%.............................................      140,757,877
                 (Cost $153,099,888) (e)

                 OUTSTANDING LOANS - (37.0%)............................................      (40,000,000)

                 NET OTHER ASSETS AND LIABILITIES - 6.8%................................        7,357,999
                                                                                           --------------
                 NET ASSETS - 100.0%....................................................   $  108,115,876
                                                                                           ==============


-----------------------------

(a)   Portfolio securities are categorized based on their country of
      incorporation.

(b)   All or a portion of this security serves as collateral on the outstanding
      loan.

(c)   Senior Floating-Rate Loan Interests ("Senior Loans") in which the Fund
      invests pay interest at rates which are periodically predetermined by
      reference to a base lending rate plus a premium. These base lending rates
      are generally (i) the lending rate offered by one or more major European
      banks, such as the London Inter-Bank Offered Rate ("LIBOR"), (ii) the
      prime rate offered by one or more United States banks or (iii) the
      certificate of deposit rate. Certain Senior Loans are subject to a LIBOR
      floor that establishes a minimum LIBOR rate. The interest rate shown
      reflects the rate in effect at February 29, 2016. When a range of rates is
      disclosed, the Fund holds more than one contract within the same tranche
      at varying rates.


                     See Notes to Portfolio of Investments





MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
(MFD)
PORTFOLIO OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2016 (UNAUDITED)


(d)   Senior Loans generally are subject to mandatory and/or optional
      prepayment. As a result, the actual remaining maturity of Senior Loans may
      be substantially less than the stated maturities shown.

(e)   Aggregate cost for financial reporting purposes, which approximates the
      aggregate cost for federal income tax purposes. As of February 29, 2016,
      the aggregate gross unrealized appreciation for all securities in which
      there was an excess of value over tax cost was $4,176,392 and the
      aggregate gross unrealized depreciation for all securities in which there
      was an excess of tax cost over value was $16,518,403.

-----------------------------
VALUATION INPUTS

A summary of the inputs used to value the Fund's investments as of February 29,
2016 is as follows (see Note 2A - Portfolio Valuation in the Notes to Portfolio
of Investments):



                                                                                      LEVEL 2         LEVEL 3
                                                      TOTAL           LEVEL 1       SIGNIFICANT     SIGNIFICANT
                                                     VALUE AT          QUOTED        OBSERVABLE    UNOBSERVABLE
INVESTMENTS                                         2/29/2016          PRICES          INPUTS         INPUTS
------------------------------------------------  --------------   --------------   ------------   -------------

                                                                                       
Common Stocks*..................................  $   83,594,954   $   83,594,954   $         --   $          --
Master Limited Partnerships*....................      20,111,538       20,111,538             --              --
Senior Floating-Rate Loan Interests*............      37,051,385               --     36,151,385         900,000
                                                  --------------   --------------   ------------   -------------
Total Investments...............................  $  140,757,877   $  103,706,492   $ 36,151,385   $     900,000
                                                  ==============   ==============   ============   =============


*See Portfolio of Investments for country breakout.

All transfers in and out of the Levels during the period are assumed to be
transferred on the last day of the period at their current value. There were no
transfers between Levels at February 29, 2016.

Level 3 Senior Floating-Rate Loan Interests are valued by the Advisor's Pricing
Committee. Level 3 Senior Floating-Rate Loan Interests are valued based on
third-party pricing service prices obtained from dealer runs and indicative
sheets from brokers. These values are based on unobservable and non-quantitative
inputs. The Trust's Board of Trustees has adopted valuation procedures that are
utilized by the Advisor's Pricing Committee to oversee the day-to-day valuation
of the Fund's investments. The Advisor's Pricing Committee, through the Fund's
fund accounting agent, monitors daily pricing via tolerance checks and stale and
unchanged price reviews. The Advisor's Pricing Committee also reviews monthly
back testing of pricing service prices by comparing sales prices of the Fund
investments to prior day pricing service prices. Additionally, the Advisor's
Pricing Committee reviews periodic information from the Fund's third-party
pricing service that compares secondary market trade prices to their daily
valuations.

The following table presents the activity of the Fund's investments measured at
fair value on a recurring basis using significant unobservable
inputs (Level 3) for the period presented.


                     See Notes to Portfolio of Investments





MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
(MFD)
PORTFOLIO OF INVESTMENTS (CONTINUED)
FEBRUARY 29, 2016 (UNAUDITED)


BEGINNING BALANCE AT NOVEMBER 30, 2015
   Common Stocks                                       $        --  *
   Senior Floating-Rate Loan Interests                     945,000
Net Realized Gain (Loss)                                        --
Net Change in Unrealized Appreciation/Depreciation:
   Senior Floating-Rate Loan Interests                     (45,000)
Purchases                                                       --
Sales:
   Common Stocks                                                --  *
Transfers In                                                    --
Transfers Out                                                   --
ENDING BALANCE AT  FEBRUARY 29, 2016
                                                       -----------
   Common Stocks                                                --
   Senior Floating-Rate Loan Interests                     900,000
                                                       -----------
Total Level 3 holdings                                 $   900,000
                                                       ===========

* Investment is valued at $0.

There was a net change of $(45,000) in unrealized appreciation (depreciation)
from Level 3 investments held as of February 29, 2016.


                     See Notes to Portfolio of Investments





NOTES TO PORTFOLIO OF INVESTMENTS

  MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
                                     (MFD)
                         FEBRUARY 29, 2016 (UNAUDITED)


                                1. ORGANIZATION

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
(the "Fund") is a non-diversified, closed-end management investment company
organized as a Massachusetts business trust on January 21, 2004 and is
registered with the Securities and Exchange Commission under the Investment
Company Act of 1940, as amended (the "1940 Act"). The Fund trades under the
ticker symbol MFD on the New York Stock Exchange ("NYSE").

The Fund, which is an investment company within the scope of Financial
Accounting Standards Board ("FASB") Accounting Standards Update 2013-08, follows
accounting and reporting guidance under FASB Accounting Standards Codification
Topic 946, "Financial Services-Investment Companies."

                     2. VALUATION AND INVESTMENT PRACTICES

A. PORTFOLIO VALUATION

The net asset value ("NAV") of the Common Shares of the Fund is determined daily
as of the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time,
on each day the NYSE is open for trading. If the NYSE closes early on a
valuation day, the NAV is determined as of that time. Domestic debt securities
and foreign securities are priced using data reflecting the earlier closing of
the principal markets for those securities. The Fund's NAV per Common Share is
calculated by dividing the value of all assets of the Fund (including accrued
interest and dividends), less all liabilities (including accrued expenses,
dividends declared but unpaid and any borrowings of the Fund), by the total
number of Common Shares outstanding.

The Fund's investments are valued daily at market value or, in the absence of
market value with respect to any portfolio securities, at fair value. Market
value prices represent last sale or official closing prices from a national or
foreign exchange (i.e., a regulated market) and are primarily obtained from
third-party pricing services. Fair value prices represent any prices not
considered market value prices and are either obtained from a third-party
pricing service or are determined by the Pricing Committee of the Fund's
investment advisor, First Trust Advisors L.P. ("First Trust" or the "Advisor"),
in accordance with valuation procedures adopted by the Fund's Board of Trustees,
and in accordance with provisions of the 1940 Act. Investments valued by the
Advisor's Pricing Committee, if any, are footnoted as such in the footnotes to
the Portfolio of Investments. The Fund's investments are valued as follows:

      Common stocks, master limited partnerships ("MLPs") and other equity
      securities listed on any national or foreign exchange (excluding The
      Nasdaq(R) Stock Market LLC ("Nasdaq") and the London Stock Exchange
      Alternative Investment Market ("AIM")) are valued at the last sale price
      on the exchange on which they are principally traded or, for Nasdaq and
      AIM securities, the official closing price. Securities traded on more than
      one securities exchange are valued at the last sale price or official
      closing price, as applicable, at the close of the securities exchange
      representing the principal market for such securities.

      Securities traded in an over-the-counter market are fair valued at the
      mean of their most recent bid and asked price, if available, and otherwise
      at their closing bid price.

      Fixed income and other debt securities having a remaining maturity of 60
      days or less when purchased are fair valued at cost adjusted for
      amortization of premiums and accretion of discounts (amortized cost),
      provided the Advisor's Pricing Committee has determined that the use of
      amortized cost is an appropriate reflection of fair value given market and
      issuer-specific conditions existing at the time of the determination.
      Factors that may be considered in determining the appropriateness of the
      use of amortized cost include, but are not limited to, the following:

      1)    the credit conditions in the relevant market and changes thereto;

      2)    the liquidity conditions in the relevant market and changes thereto;

      3)    the interest rate conditions in the relevant market and changes
            thereto (such as significant changes in interest rates);

      4)    issuer-specific conditions (such as significant credit
            deterioration); and

      5)    any other market-based data the Advisor's Pricing Committee
            considers relevant. In this regard, the Advisor's Pricing Committee
            may use last-obtained market-based data to assist it when valuing
            portfolio securities using amortized cost.

Certain securities may not be able to be priced by pre-established pricing
methods. Such securities may be valued by the Fund's Board of Trustees or its
delegate, the Advisor's Pricing Committee, at fair value. These securities
generally include, but are not limited to, restricted securities (securities
which may not be publicly sold without registration under the Securities Act of
1933, as amended) for which a pricing service is unable to provide a market
price; securities whose trading has been formally suspended; a security whose
market or fair value price is not available from a pre-established pricing
source; a security with respect to which an event has occurred that is likely to
materially affect the value of the security after the market has closed but
before the calculation of the Fund's NAV or make it difficult or impossible to
obtain a reliable market quotation; and a security whose price, as provided by
the pricing service, does not reflect the security's fair value. As a general
principle, the current fair value of a security would appear to be the amount
which the owner might reasonably expect to receive for the security upon its
current sale. When fair value prices are used, generally they will differ from
market quotations or official closing prices on the applicable exchanges. A
variety of factors may be considered in determining the fair value of such
securities, including, but not limited to, the following:





NOTES TO PORTFOLIO OF INVESTMENTS (CONTINUED)

  MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
                                     (MFD)
                         FEBRUARY 29, 2016 (UNAUDITED)


      1)    the type of security;

      2)    the size of the holding;

      3)    the initial cost of the security;

      4)    transactions in comparable securities;

      5)    price quotes from dealers and/or pricing services;

      6)    relationships among various securities;

      7)    information obtained by contacting the issuer, analysts, or the
            appropriate stock exchange;

      8)    an analysis of the issuer's financial statements; and

      9)    the existence of merger proposals or tender offers that might affect
            the value of the security.

If the securities in question are foreign securities, the following additional
information may be considered:

      1)    the value of similar foreign securities traded on other foreign
            markets;

      2)    ADR trading of similar securities;

      3)    closed-end fund trading of similar securities;

      4)    foreign currency exchange activity;

      5)    the trading prices of financial products that are tied to baskets of
            foreign securities;

      6)    factors relating to the event that precipitated the pricing problem;

      7)    whether the event is likely to recur; and

      8)    whether the effects of the event are isolated or whether they affect
            entire markets, countries or regions.

Foreign securities traded outside the United States are generally valued as of
the time their trading is complete, which is usually different from the close of
the NYSE. Occasionally, events affecting the value of such securities may occur
between such times and the close of the NYSE that will not always be reflected
in the computation of the value of such securities. If events affecting the
value of such securities occur during such period, these securities will be
valued at their fair value according to procedures adopted by the Fund's Board
of Trustees (see above). For certain foreign equity securities, a third-party
pricing service may be utilized to determine fair value. All securities and
other assets of the Fund initially expressed in foreign currencies will be
converted to U.S. dollars using exchange rates in effect at the time of
valuation.

The Senior Floating-Rate Loan interests ("Senior Loans")(1) in which the Fund
invests are not listed on any securities exchange or board of trade. Senior
Loans are typically bought and sold by institutional investors in individually
negotiated private transactions that function in many respects like an
over-the-counter secondary market, although typically no formal market-makers
exist. This market, while having grown substantially since its inception,
generally has fewer trades and less liquidity than the secondary market for
other types of securities. Some Senior Loans have few or no trades, or trade
infrequently, and information regarding a specific Senior Loan may not be widely
available or may be incomplete. Accordingly, determinations of the value of
Senior Loans may be based on infrequent and dated information. Because there is
less reliable, objective data available, elements of judgment may play a greater
role in valuation of Senior Loans than for other types of securities. Typically,
Senior Loans are fair valued using information provided by a third-party pricing
service. The third-party pricing service primarily uses over-the-counter pricing
from dealer runs and broker quotes from indicative sheets to value the Senior
Loans. If the pricing service cannot or does not provide a valuation for a
particular Senior Loan or such valuation is deemed unreliable, the Advisor's
Pricing Committee may value such Senior Loan at a fair value according to
procedures adopted by the Fund's Board of Trustees, and in accordance with the
provisions of the 1940 Act. Fair valuation of a Senior Loan is based on the
consideration of all available information, including, but not limited to the
following:

       1)   the fundamental business data relating to the issuer or borrower;

       2)   an evaluation of the forces which influence the market in which
            these securities are purchased and sold;

       3)   the type, size and cost of the security;

       4)   the financial statements of the borrower;

       5)   the credit quality and cash flow of the borrower, based on the
            sub-advisor's or external analysis;

       6)   the information as to any transactions in or offers for the
            security;

       7)   the price and extent of public trading in similar securities (or
            equity securities) of the issuer/borrower, or comparable companies;

       8)   the coupon payments;

       9)   the quality, value and salability of collateral, if any, securing
            the security;

      10)   the business prospects of the issuer/borrower, including any ability
            to obtain money or resources from a parent or affiliate and an
            assessment of the borrower's management;

      11)   the prospects for the borrower's industry, and multiples (of
            earnings and/or cash flows) being paid for similar businesses in
            that industry;


(1)   The terms "security" and "securities" used throughout the Notes to
      Portfolio of Investments include Senior Loans.





NOTES TO PORTFOLIO OF INVESTMENTS (CONTINUED)

  MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
                                     (MFD)
                         FEBRUARY 29, 2016 (UNAUDITED)


      12)   borrower's competitive position within the industry;

      13)   borrower's ability to access additional liquidity through public
            and/or private markets; and

      14)   other relevant factors.


The Fund is subject to fair value accounting standards that define fair value,
establish the framework for measuring fair value and provide a three-level
hierarchy for fair valuation based upon the inputs to the valuation as of the
measurement date. The three levels of the fair value hierarchy are as follows:

      o     Level 1 - Level 1 inputs are quoted prices in active markets for
            identical investments. An active market is a market in which
            transactions for the investment occur with sufficient frequency and
            volume to provide pricing information on an ongoing basis.

      o     Level 2 - Level 2 inputs are observable inputs, either directly or
            indirectly, and include the following:

            o     Quoted prices for similar investments in active markets.

            o     Quoted prices for identical or similar investments in markets
                  that are non-active. A non-active market is a market where
                  there are few transactions for the investment, the prices are
                  not current, or price quotations vary substantially either
                  over time or among market makers, or in which little
                  information is released publicly.

            o     Inputs other than quoted prices that are observable for the
                  investment (for example, interest rates and yield curves
                  observable at commonly quoted intervals, volatilities,
                  prepayment speeds, loss severities, credit risks, and default
                  rates).

            o     Inputs that are derived principally from or corroborated by
                  observable market data by correlation or other means.

      o     Level 3 - Level 3 inputs are unobservable inputs. Unobservable
            inputs may reflect the reporting entity's own assumptions about the
            assumptions that market participants would use in pricing the
            investment.

The inputs or methodologies used for valuing investments are not necessarily an
indication of the risk associated with investing in those investments. A summary
of the inputs used to value the Fund's investments as of February 29, 2016, is
included with the Fund's Portfolio of Investments.

B. SECURITIES TRANSACTIONS AND INVESTMENT INCOME

Securities transactions are recorded as of the trade date. Realized gains and
losses from securities transactions are recorded on the identified cost basis.

Securities purchased or sold on a when-issued, delayed-delivery or forward
purchase commitment basis may have extended settlement periods. The value of the
security so purchased is subject to market fluctuations during this period. Due
to the nature of the Senior Loan market, the actual settlement date may not be
certain at the time of purchase or sale for some of the Senior Loans. Interest
income on such Senior Loans is not accrued until settlement date. The Fund
maintains liquid assets with a current value at least equal to the amount of its
when-issued, delayed-delivery or forward purchase commitments. At February 29,
2016, the Fund had no when-issued, delayed-delivery or forward purchase
commitments.

C. UNFUNDED LOAN COMMITMENTS

The Fund may enter into certain credit agreements, all or a portion of which may
be unfunded. The Fund is obligated to fund these loan commitments at the
borrower's discretion. The Fund did not have any unfunded delayed draw loan
commitments as of February 29, 2016.

D. FOREIGN CURRENCY

The books and records of the Fund are maintained in U.S. dollars. Foreign
currencies, investments and other assets and liabilities are translated into
U.S. dollars at the exchange rates prevailing at the end of the period.
Purchases and sales of investments and items of income and expense are
translated on the respective dates of such transactions.




ITEM 2. CONTROLS AND PROCEDURES.

(a)   The registrant's principal executive and principal financial officers, or
      persons performing similar functions, have concluded that the registrant's
      disclosure controls and procedures (as defined in Rule 30a-3(c) under the
      Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR
      270.30a-3(c))) are effective, as of a date within 90 days of the filing
      date of the report that includes the disclosure required by this
      paragraph, based on their evaluation of these controls and procedures
      required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and
      Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as
      amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)   There were no changes in the registrant's internal control over financial
      reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR
      270.30a-3(d)) that occurred during the registrant's last fiscal quarter
      that have materially affected, or are reasonably likely to materially
      affect, the registrant's internal control over financial reporting.

ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of
the Sarbanes-Oxley Act of 2002 are attached hereto.





                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)    Macquarie/First Trust Global Infrastructure/Utilities
                               Dividend & Income Fund
             -----------------------------------------------------------

By (Signature and Title)*               /s/ James M. Dykas
                                        ----------------------------------------
                                        James M. Dykas
                                        President and Chief Executive Officer
                                        (principal executive officer)

Date: April 22, 2016
     ------------------

Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

By (Signature and Title)*               /s/ James M. Dykas
                                        ----------------------------------------
                                        James M. Dykas
                                        President and Chief Executive Officer
                                        (principal executive officer)

Date: April 22, 2016
     ------------------

By (Signature and Title)*               /s/ Donald P. Swade
                                        ----------------------------------------
                                        Donald P. Swade
                                        Treasurer, Chief Financial Officer and
                                        Chief Accounting Officer
                                        (principal financial officer)

Date: April 22, 2016
     ------------------

*Print the name and title of each signing officer under his or her signature.