First Trust/abrdn Global Uti & Infram Incmt Fd is a diversified, closed-end management investment fund focused on providing investors with exposure to the global utilities and infrastructure sectors. The fund's principal objective is to generate a high level of current income, with a secondary aim of achieving capital appreciation. It achieves this by allocating its managed assets across a broad spectrum of investment grade and below-investment grade government and corporate debt securities globally. The fund invests in industries such as utilities, infrastructure, energy, transportation, financial services, and other sectors that are essential to economic development and daily operations worldwide. Its strategy emphasizes steady income generation, drawing from sectors known for their stable cash flows and defensive characteristics. Through a combination of careful asset selection and active management, the fund aims to provide shareholders with reliable income distributions while offering diversified exposure to critical components of global infrastructure and utility markets.
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