Edgar Filing: MACQUARIE/FIRST TRUST GLOBAL INFRASTR/UTIL DIV & INC FUND

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

1001 Warrenville Road, Suite 300
Lisle, IL 60532
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(Address of principal executive offices) (Zip code)

W. Scott Jardine
First Trust Portfolios, LP
1001 Warrenville Road, Suite 300
Lisle, IL 60532
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(Name and address of agent for service)

Registrant's telephone number, including area code: 630-241-4141
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Date of fiscal year end: November 30
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Date of reporting period: August 31, 2007
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Form N-Q is to be used by management investment companies, other than small
business investment companies registered on Form N-5 (Sections 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. Section 3507.

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

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS
AUGUST 31, 2007 (UNAUDITED)

MARKET
SHARES DESCRIPTION (a) VALUE
------------ ---------------------------------------------------------------------------------------- ---------------

COMMON STOCKS - 71.4%

AUSTRALIA - 34.4%
691,500 Asciano Group .......................................................................... $ 4,838,948
330,015 Australian Pipeline Trust .............................................................. 1,004,776
10,050,961 Babcock & Brown Infrastructure Group ................................................... 14,066,835
1,002,422 Challenger Infrastructure Fund, Class A ................................................ 3,175,077
13,559,607 Envestra Ltd. .......................................................................... 12,318,640
588,148 Hastings Diversified Utilities Fund .................................................... 1,781,070
13,555,101 SP AusNet .............................................................................. 14,755,267
9,940,000 Spark Infrastructure Group ............................................................. 15,131,850
3,263,447 Transurban Group ....................................................................... 19,124,157
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86,196,620
--------------

AUSTRIA - 0.1%
2,926 Flughafen Wien AG ...................................................................... 292,967
--------------

FRANCE - 0.5%
9,810 Aeroports de Paris ..................................................................... 1,122,414
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ITALY - 8.5%
478,000 Enel SPA ............................................................................... 4,935,756
1,613,728 Snam Rete Gas SPA ...................................................................... 9,502,151
1,900,000 Terna SPA .............................................................................. 6,716,571
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21,154,478
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JAPAN - 0.6%
190 East Japan Railway Co. ................................................................. 1,514,552
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NEW ZEALAND - 4.0%
4,751,832 Auckland International Airport, Ltd. ................................................... 10,111,768
--------------

SPAIN - 6.4%
159,800 Cintra Concesiones de Infraestructuras de Transporte SA ................................ 2,512,113
147,000 Enagas SA .............................................................................. 3,344,186
225,000 Red Electrica de Espana ................................................................ 10,120,831
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15,977,130
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SWITZERLAND - 0.4%
2,740 Flughafen Zuerich AG ................................................................... 1,013,136
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UNITED KINGDOM - 16.5%
442,308 Kelda Group plc ........................................................................ 7,776,525
570,329 Pennon Group plc ....................................................................... 6,916,805
483,299 Severn Trent plc ....................................................................... 13,301,280
951,994 United Utilities plc ................................................................... 13,282,656
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41,277,266
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TOTAL COMMON STOCKS .................................................................... 178,660,331
(Cost $151,171,109) --------------

See Notes to Quarterly Portfolio of Investments. Page 1

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
AUGUST 31, 2007 (UNAUDITED)

MARKET
SHARES DESCRIPTION (a) VALUE
------------ ---------------------------------------------------------------------------------------- ---------------

MASTER LIMITED PARTNERSHIPS - 11.4%

UNITED STATES - 11.4%
151,190 Amerigas Partners, L.P. ................................................................ $ 5,300,721
44,760 Duncan Energy Partners, L.P. ........................................................... 1,073,345
90,200 Enbridge Energy Partners, L.P. ......................................................... 4,599,298
70,000 Energy Transfer Partners, L.P. ......................................................... 3,642,800
115,050 Enterprise Products Partners, L.P. ..................................................... 3,395,126
70,000 Kinder Morgan Energy Partners, L.P. .................................................... 3,520,300
136,831 Magellan Midstream Partners, L.P. ...................................................... 5,883,733
18,608 NuStar, L.P. ........................................................................... 1,157,976
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TOTAL MASTER LIMITED PARTNERSHIPS ...................................................... 28,573,299
(Cost $23,763,606) --------------

CANADIAN INCOME TRUSTS - 14.0%
1,000,300 Northland Power Income Fund ............................................................ 11,755,419
850,300 Pembina Pipeline Income Fund ........................................................... 13,398,667
691,800 The Consumers' Waterheater Income Fund ................................................. 9,905,318
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TOTAL CANADIAN INCOME TRUSTS ........................................................... 35,059,404
(Cost $22,071,863) --------------

PRINCIPAL RATINGS (b) STATED MARKET
VALUE DESCRIPTION (a) MOODY'S S&P COUPON MATURITY (c) VALUE
------------ -------------------------------------- -------------- --------------- ------------ ---------------

SENIOR FLOATING-RATE TERM LOAN INTERESTS (d) - 34.2%

BROADCASTING & CABLE TV - 3.4%
$ 3,000,000 Charter Communications
Operating, LLC .................... B1 B+ 7.36% 03/06/14 2,833,662
2,964,975 CSC Holdings, Inc. ................... Ba2 BB 7.07% 03/29/13 2,839,494
3,000,000 UPC Distribution Holding B.V. ........ Ba3 B 7.13% 12/31/14 2,805,000
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8,478,156
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ELECTRIC UTILITIES - 5.4%
1,000,000 Astoria Generating Co.
Acquisitions, LLC (e) ............. B3 B 9.11% 08/23/13 979,167
2,992,500 Calpine Corp. DIP (f) ................ NR (g) NR (g) 7.61% 03/29/09 2,893,107
557,431 Cogentrix Delaware Holdings, Inc. .... Ba2 BB+ 6.86% 04/14/12 540,708
3,993,299 Covanta Energy Corp. ................. Ba2 BB 6.86%-6.88% 02/09/14 3,818,592
797,576 Mirant North America, LLC ............ Ba3 BB- 7.42% 01/03/13 775,310
2,994,697 NRG Energy, Inc. ..................... Ba1 BB 7.01%-7.11% 02/01/13 2,877,047
1,041,457 Riverside Energy Center, LLC ......... B1 B 9.82% 06/24/11 1,032,778
724,558 Rocky Mountain Energy
Center, LLC ....................... B1 B 9.82%-9.92% 06/24/11 718,520
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13,635,229
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Page 2 See Notes to Quarterly Portfolio of Investments.

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
AUGUST 31, 2007 (UNAUDITED)

SENIOR FLOATING-RATE TERM LOAN INTERESTS (d) - (CONTINUED)

ENVIRONMENTAL & FACILITIES SERVICES - 1.4%
$ 505,642 EnergySolutions, LLC ................. NR (g) NR (g) 7.66%-7.84% 06/07/13 $ 483,521
1,641,509 EnergySolutions, LLC ................. NR (g) NR (g) 7.84% 08/09/13 1,569,693
1,500,000 EnviroSolutions Real Property
Holdings, Inc. .................... B1 B 8.89% 07/07/12 1,410,000
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3,463,214
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HEALTH CARE FACILITIES - 4.4%
2,985,000 HCA, Inc. ............................ Ba3 BB 7.61% 11/17/13 2,870,964
2,992,500 Health Management Associates, Inc. ... Ba2 BB- 7.11% 02/28/14 2,806,406
2,540,499 Lifepoint Hospitals, Inc. ............ Ba2 BB 7.17% 04/15/12 2,448,934
2,932,500 Select Medical Corp. ................. Ba2 BB- 7.36%-9.25% 02/24/12 2,767,547
--------------
10,893,851
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HEALTH CARE SERVICES - 1.3%
3,283,449 CHSI/ Community Health
Systems, Inc. ..................... Ba3 BB 7.76% 07/25/14 3,148,920
216,551 CHSI/ Community Health
Systems, Inc. (h) ................. Ba3 BB 0.50% (i) 07/25/14 207,678
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3,356,598
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INDEPENDENT POWER PRODUCERS & ENERGY TRADERS - 5.2%
2,000,000 Bicent Power, LLC .................... Ba3 BB- 7.36% 07/10/14 1,930,000
1,196,250 Broadway Gen Funding, LLC ............ B1 BB- 7.36% 05/01/14 1,133,447
972,302 Coleto Creek Power, L.P. ............. B1 BB- 8.11% 06/28/13 933,410
3,000,000 Dynegy Holdings, Inc. ................ Ba1 BB- 7.01% 04/12/13 2,847,000
933,333 Longview Power, LLC (h) .............. Ba3 BB 0.75% (i)-7.81% 02/28/14 867,223
1,066,667 Longview Power, LLC .................. Ba3 BB 7.63% 02/28/14 991,111
886,615 NE Energy, Inc. ...................... B1 BB- 7.86% 11/01/13 859,278
2,466,931 Northern Star Holdings II LLC and
NSG Holdings II LLC ............... Ba2 BB 6.86% 06/15/14 2,368,254
1,000,000 NRG Holdings, Inc. (h) ............... B2 B- 0.50% (i) 06/08/14 963,750
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12,893,473
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MANAGED HEALTH CARE - 2.2%
2,089,782 IASIS Healthcare Corp. ............... Ba2 B+ 7.36% 03/15/14 1,950,028
715,838 IASIS Healthcare Corp. (h) ........... Ba2 B+ 1.00% (i)-7.36% 03/15/14 667,966
190,890 IASIS Healthcare Corp. ............... Ba2 B+ 7.62% 03/15/14 178,124
2,965,168 Vanguard Health Systems, Inc. ........ Ba3 B+ 7.61% 09/23/11 2,835,442
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5,631,560
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MULTI-UTILITIES - 1.1%
3,000,000 KGEN, LLC ............................ Ba3 BB 7.13% 02/08/14 2,850,000
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OIL & GAS EQUIPMENT & SERVICES - 1.1%
2,388,358 Targa Resources, Inc. ................ Ba3 B+ 7.36%-7.54% 10/31/12 2,300,784
583,416 Targa Resources, Inc. ................ Ba3 B+ 7.35% 10/31/12 562,024
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2,862,808
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See Notes to Quarterly Portfolio of Investments. Page 3

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
AUGUST 31, 2007 (UNAUDITED)

SENIOR FLOATING-RATE TERM LOAN INTERESTS (d) - (CONTINUED)

OIL & GAS EXPLORATION & PRODUCTION - 1.1%
$ 1,804,085 Plains Resources, Inc. ............... Ba2 BB 6.95% 08/12/11 $ 1,749,962
1,122,914 SemCrude, L.P. ....................... Ba2 B+ 7.11% 05/08/12 1,092,034
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2,841,996
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OIL & GAS REFINING, MARKETING & TRANSPORTATION - 3.1%
1,968,741 Eagle Rock Gas Gathering &
Processing, Ltd. .................. NR NR 8.11% 12/03/12 1,919,522
3,000,000 El Paso Corp. ........................ Ba3 B+ 7.12% 07/31/11 2,938,125
3,000,000 Energy Transfer Equity, L.P. ......... Ba2 NR 7.11% 02/08/12 2,906,250
--------------
7,763,897
--------------

OIL & GAS STORAGE & TRANSPORTATION - 1.1%
2,909,091 Kinder Morgan, Inc. .................. Ba2 BB- 7.07%-7.12% 05/30/14 2,759,092
--------------

PUBLISHING - 0.4%
985,000 Quebecor Media, Inc. ................. B1 B 7.36% 01/17/13 952,988
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RAILROADS - 1.2%
3,000,000 Railamerica Transportation Corp. ..... NR NR 7.81% 08/14/08 2,902,500
--------------

WIRELESS TELECOMMUNICATION SERVICES - 1.8%
2,493,750 Crown Castle Operating Co. ........... Ba3 BB+ 6.82%-6.84% 01/09/14 2,369,063
2,100,000 Windstream Corp. ..................... Baa3 BBB- 6.86% 07/17/13 2,040,150
--------------
4,409,213
--------------

TOTAL SENIOR FLOATING-RATE TERM LOAN INTERESTS (d) ..................................... 85,694,575
(Cost $89,440,275) --------------

PRINCIPAL MARKET
VALUE DESCRIPTION (a) VALUE
------------ ---------------------------------------------------------------------------------------- ---------------

REPURCHASE AGREEMENT - 3.3%
(Cost $8,200,000)
8,200,000 Agreement with Deutsche Bank Securities Inc., 5.15% dated 08/31/07 to be
repurchased at $8,204,692 on 09/04/07, collateralized by $8,364,000
Freddie Mac, 6.13% due 05/23/16 ..................................................... 8,200,000
--------------

TOTAL INVESTMENTS - 134.3% ............................................................. 336,187,609
(Cost $294,646,853) (j)

LOAN OUTSTANDING - (33.2)% ............................................................. (83,000,000)
NET OTHER ASSETS AND LIABILITIES - (1.1)% .............................................. (2,900,301)
--------------
NET ASSETS - 100.0% .................................................................... $ 250,287,308
==============

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(a) All percentages shown in the Portfolio of Investments are based on net
assets.

(b) Ratings below Baa3 by Moody's Investors Service, Inc. or BBB- by Standard
& Poor's Ratings Group are considered to be below investment grade.

Page 4 See Notes to Quarterly Portfolio of Investments.

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
AUGUST 31, 2007 (UNAUDITED)

(c) Senior Loans generally are subject to mandatory and/or optional
prepayment. Prepayment of Senior Loans may occur because of the
mandatory prepayment conditions or because there may be significant
economic incentives for a borrower to optionally prepay. As a
result, the actual remaining maturity of Senior Loans may be
substantially less than the stated maturities shown. Senior Loans
generally have maturities that range from five to eight years;
however, the Fund estimates that refinancing and prepayments result
in an average maturity of the Senior Loans held in its portfolio to
be approximately 18-30 months.

(d) Senior Loans in which the Fund invests generally 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 major United States banks or (iii) the
certificate of deposit rate.

(e) This issue is secured by a second lien on the issuer's assets.

(f) This borrower has filed for protection in federal bankruptcy court.

(g) This Senior Loan Interest was privately rated upon issuance. The
rating agency does not provide ongoing surveillance on the rating.

(h) Delayed draw loan (See Note 1D)

(i) Represents commitment fee rate on delayed draw loans.

(j) Aggregate cost for federal income tax and financial reporting
purposes.

DIP Debtor in Possession

NR Not Rated

See Notes to Quarterly Portfolio of Investments. Page 5

MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
PORTFOLIO OF INVESTMENTS - (CONTINUED)
AUGUST 31, 2007 (UNAUDITED)

INDUSTRY DIVERSIFICATION (a) (b)

[THE FOLLOWING TABLE WAS REPRESENTED BY A PIE CHART IN THE PRINTED MATERIAL.]

Cash/Cash Equivalents 2.4%
Diversified Consumer Services 3.9%
Electric Utilities 15.0%
Gas Utilities 18.7%
Independent Power Producers & Energy Traders 3.5%
Multi-Utilities 5.0%
Retail 1.6%
Senior-Secured Loans 25.5%
Transportation Infrastructure 12.1%
Water Utilities 12.3%

COUNTRY DIVERSIFICATION (a) (b)

[THE FOLLOWING TABLE WAS REPRESENTED BY A PIE CHART IN THE PRINTED MATERIAL.]

Japan 0.5%
France 0.3%
Switzerland 0.3%
Austria 0.1%
Australia 25.6%
Senior-Secured Loans 25.5%
United Kingdom 12.3%
Canada 10.4%
United States 8.5%
Italy 6.3%
Spain 4.8%
New Zealand 3.0%
Cash/Cash Equivalents 2.4%

(a) Percentages are based upon total investments. Please note that
percentages shown on the Portfolio of Investments are based on net
assets.

(b) For these Industry and Country Diversification charts, only the Core
Component of the portfolio of investments is presented in detail
by the industry, with the Senior Floating-Rate Term Loans Component
of the portfolio included in total, 100% of which are United States
Senior Floating-Rate Term Loans. The two components of the Fund's
portfolio are defined in the Fund's prospectus.

Page 6 See Notes to Quarterly Portfolio of Investments.

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NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS
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MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
AUGUST 31, 2007 (UNAUDITED)

1. VALUATION AND INVESTMENT PRACTICES

A. PORTFOLIO VALUATION:

The net asset value ("NAV") of the Common Shares of Macquarie/First Trust Global
Infrastructure/Utilities Dividend & Income Fund (the "Fund") is determined daily
as of the close of regular trading on the New York Stock Exchange ("NYSE"),
normally 4:00 p.m. Eastern time, on each day the NYSE is open for trading.
Domestic debt securities and foreign securities are priced using data reflecting
the earlier closing of the principal markets for those securities. The NAV per
Common Share is calculated by subtracting the Fund's liabilities (including
accrued expenses, dividends payable and any borrowings of the Fund) from the
Fund's Total Assets (the value of the securities and other investments the Fund
holds plus cash or other assets, including interest accrued but not yet
received) and dividing the result 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 according
to procedures adopted by the Fund's Board of Trustees. A majority of the Fund's
assets are valued using market information supplied by third parties. In the
event that market quotations are not readily available, the pricing service does
not provide a valuation for a particular asset, or the valuations are deemed
unreliable, First Trust Advisors L.P. ("First Trust") may use a fair value
method to value the Fund's securities and investments. Additionally, if events
occur after the close of the principal market for particular securities (e.g.,
domestic debt and foreign securities), but before the Fund values its assets,
that could materially affect NAV, First Trust may use a fair value method to
value the Fund's securities and investments. The use of fair value pricing by
the Fund is governed by valuation procedures adopted by the Fund's Board of
Trustees and in accordance with the provisions of the Investment Company Act of
1940, as amended (the "1940 Act"). 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 Term Loans ("Senior Loans") 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 in the past several years, 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 market 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 valued using information provided by an independent third party
pricing service. If the pricing service cannot or does not provide a valuation
for a particular Senior Loan or such valuation is deemed unreliable, First Trust
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.

Portfolio securities listed on any exchange other than the NASDAQ National
Market ("NASDAQ") are valued at the last sale price on the business day as of
which such value is being determined. If there has been no sale on such day, the
securities are valued at the mean of the most recent bid and asked prices on
such day. Securities traded on the NASDAQ are valued at the NASDAQ Official
Closing Price as determined by NASDAQ. Portfolio securities traded on more than
one securities exchange are valued at the last sale price on the business day as
of which such value is being determined at the close of the exchange
representing the principal market for such securities. Portfolio securities
traded in the over-the-counter market, but excluding securities traded on the
NASDAQ, are valued at the closing bid prices. Short-term investments that mature
in less than 60 days are valued at amortized cost.

Page 7

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NOTES TO QUARTERLY PORTFOLIO OF INVESTMENTS - (CONTINUED)
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MACQUARIE/FIRST TRUST GLOBAL INFRASTRUCTURE/UTILITIES DIVIDEND & INCOME FUND
AUGUST 31, 2007 (UNAUDITED)

B. REPURCHASE AGREEMENTS:

The Fund engages in repurchase agreement transactions. Under the terms of a
typical repurchase agreement, the Fund takes possession of an underlying debt
obligation subject to an obligation of the seller to repurchase, and the Fund to
resell, the obligation at an agreed-upon price and time, thereby determining the
yield during the Fund's holding period. This arrangement results in a fixed rate
of return that is not subject to market fluctuations during the Fund's holding
period. The value of the collateral is at all times at least equal to the total
amount of the repurchase obligation, including interest. In the event of
counterparty default, the Fund has the right to use the collateral to offset
losses incurred. There is potential loss to the Fund in the event the Fund is
delayed or prevented from exercising its rights to dispose of the collateral
securities, including risk of a possible decline in the value of the underlying
securities during the period while the Fund seeks to assert rights. The Fund
reviews the value of the collateral and the creditworthiness of those banks and
dealers with which the Fund enters into repurchase agreements to evaluate
potential risks.

C. SECURITIES TRANSACTIONS:

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

Distributions received from the Fund's investments in Master Limited
Partnerships ("MLPs") generally are comprised of return of capital from the MLP
to the extent of the cost basis of such MLP investments.

Securities purchased or sold on a when-issued or delayed-delivery basis may be
settled a month or more after the trade date; interest income on such securities
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 or
delayed-delivery purchase commitments. At August 31, 2007, the Fund had no
when-issued or delayed-delivery purchase commitments.

D. UNFUNDED LOAN COMMITMENTS:

The Fund may enter into certain credit agreements, all or a portion of which may
be unfunded. The Fund had unfunded delayed draw loan commitments of
approximately $2,213,689 as of August 31, 2007. The Fund is obligated to fund
these loan commitments at the borrower's discretion.

2. UNREALIZED APPRECIATION (DEPRECIATION)

As of August 31, 2007, the aggregate gross unrealized appreciation of all
securities in which there was an excess of value over tax cost was $46,316,234
and the aggregate gross unrealized depreciation of all securities in which there
was an excess of tax cost over value was $4,775,478.

Page 8

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 A. Bowen
-------------------------------------------------------
James A. Bowen, Chairman of the Board, President and
Chief Executive Officer
(principal executive officer)

Date October 23, 2007
----------------------------------------------------------------------------

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.

Date October 23, 2007
----------------------------------------------------------------------------

By (Signature and Title)* /s/ Mark R. Bradley
-------------------------------------------------------
Mark R. Bradley, Treasurer, Controller, Chief
Financial Officer and Chief Accounting Officer
(principal financial officer)

Date October 26, 2007
----------------------------------------------------------------------------

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