Stocks per MarketWatch
https://www.marketwatch.com/discover?stackid=d848c2a2876e40432768c273f5448e67&siteid=nwhpm#https://www.marketwatch.com/amp/story/5-infrastructure-stocks-to-buy-now-that-bidens-bill-has-been-passed-according-to-jefferies-11636386524?mod=dist_mw_email
I DO NOT endorse these USN&WR rankings, but for
MFs:
https://money.usnews.com/funds/search?category=infrastructure&mutual-funds=true
ETFs:
https://money.usnews.com/funds/etfs/rankings/infrastructure
Stock and Bond Infrastructure MFs per Fido
Fund Name (63 matches)View a detailed profile of the fund.
FNSTX Summary - Fidelity ® Infrastructure FundNo Transaction Fee
AIAFX Summary - Aberdeen Global Infrastructure Fund Class ANo Transaction Fee
AIFRX Summary - Aberdeen Global Infrastructure Fund Institutional Class
BGLAX Summary - Brookfield Global Listed Infrastructure Fund Class A
BGLCX Summary - Brookfield Global Listed Infrastructure Fund Class C
MLXAX Summary - Catalyst Energy Infrastructure Fund Class A
MLXCX Summary - Catalyst Energy Infrastructure Fund Class C
MLXIX Summary - Catalyst Energy Infrastructure Fund Class I
RGIVX Summary - ClearBridge Global Infrastructure Income Fund Class I
DHINX Summary - Centre Global Infrastructure Fund Institutional Class
DHIVX Summary - Centre Global Infrastructure Fund Investor ClassNo Transaction Fee
CSUAX Summary - Cohen & Steers Global Infrastructure Fund, Inc. Class ANo Transaction Fee
CSUIX Summary - Cohen & Steers Global Infrastructure Fund, Inc. Class I
NXGAX Summary - Cushing ® NextGen Infrastructure Fund Class A Shares
NXGNX Summary - Cushing ® NextGen Infrastructure Fund Class I Shares
BILDX Summary - DoubleLine Infrastructure Income Fund Class I
BILTX Summary - DoubleLine Infrastructure Income Fund Class NNo Transaction Fee
TOLLX Summary - DWS RREEF Global Infrastructure Fund - Class ANo Transaction Fee
TOLCX Summary - DWS RREEF Global Infrastructure Fund - Class C
TOLIX Summary - DWS RREEF Global Infrastructure Fund - Class Inst
ECOIX Summary - Ecofin Global Renewables Infrastructure Fund Institutional Class
FMSSX Summary - Frontier MFG Select Infrastructure Fund Service Class
FMGIX Summary - Frontier MFG Core Infrastructure Fund Institutional Class
FCIVX Summary - Frontier MFG Core Infrastructure Fund Service Class
GLEAX Summary - Goldman Sachs Energy Infrastructure Fund Class A SharesNo Transaction Fee
GLPAX Summary - Goldman Sachs MLP Energy Infrastructure Fund Class ANo Transaction Fee
GLPCX Summary - Goldman Sachs MLP Energy Infrastructure Fund Class C
ICBMX Summary - ICON Natural Resources and Infrastructure Fund Institutional
ICBAX Summary - ICON Natural Resources and Infrastructure Fund Investor ClassNo Transaction Fee
GIZAX Summary - Invesco Global Infrastructure Fund Class ANo Transaction Fee
GIZCX Summary - Invesco Global Infrastructure Fund Class C
JEEBX Summary - JHancock Infrastructure Fund Class ANo Transaction Fee
JEEIX Summary - JHancock Infrastructure Fund Class I
KARIX Summary - Kayne Anderson Renewable Infrastructure Fund Class I
KARRX Summary - Kayne Anderson Renewable Infrastructure Fund Class RetailNo Transaction Fee
GLFOX Summary - Lazard Global Listed Infrastructure Portfolio Open SharesNo Transaction Fee
GLIFX Summary - Lazard Global Listed Infrastructure Portfolio Institutional Shares
VCRAX Summary - MainStay CBRE Global Infrastructure Fund Class ANo Transaction Fee
VCRCX Summary - MainStay CBRE Global Infrastructure Fund Class C
VCRIX Summary - MainStay CBRE Global Infrastructure Fund Class I
MGVAX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class ANo Transaction Fee
MCSGX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class B
MGVCX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class C
MGOIX Summary - MainStay MacKay U.S. Infrastructure Bond Fund Class I
MTIPX Summary - Morgan Stanley Institutional Fund, Inc. Global Infrastructure Portfolio Class ANo Transaction Fee
MTIIX Summary - Morgan Stanley Institutional Fund, Inc. Global Infrastructure Portfolio Class I
NMFIX Summary - Northern Multi-Manager Global Listed Infrastructure Fund
FGIAX Summary - Nuveen Global Infrastructure Fund Class ANo Transaction Fee
FGNCX Summary - Nuveen Global Infrastructure Fund Class C
PXDIX Summary - Pax Global Sustainable Infrastructure Fund Institutional Class
PGJAX Summary - PGIM Jennison Global Infrastructure Fund- Class A
PGJCX Summary - PGIM Jennison Global Infrastructure Fund- Class C
PGJZX Summary - PGIM Jennison Global Infrastructure Fund- Class Z
RMLPX Summary - Recurrent MLP & Infrastructure Fund Class I
SMAPX Summary - Salient MLP & Energy Infrastructure Fund Class A
SMFPX Summary - Salient MLP & Energy Infrastructure Fund Class C
SMLPX Summary - Salient MLP & Energy Infrastructure Fund Class I
TMLAX Summary - Transamerica Energy Infrastructure Class ANo Transaction Fee
TMCLX Summary - Transamerica Energy Infrastructure Class C
TMLPX Summary - Transamerica Energy Infrastructure Class I
PGUAX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class ANo Transaction Fee
PGUCX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class C
PGIUX Summary - Virtus Duff & Phelps Global Infrastructure Fund Class I

@newgirl …
When we add the qualifier you omitted (“on occasion”) the suggestion of Ed’s you’ve identified is placed into its proper perspective - that being just 1 in a series of suggestions for investing in uncertain times and where asset valuations generally appear high.
“On occasion; pay attention to the opportunities in real assets throwing off an income stream that are selling for less than their replacement cost (e.g. pipelines and various kinds of shipping).”
It seems to me Ed is of the belief serious inflation will make a comeback at some ill-defined, but not too distant, point. I suspect he’s worried that the conventional “safe havens” (ie - gold, energy, real estate, commodities) aren’t really that “safe” as they are prone to drastic price swings and may already be priced to reflect future inflation expectations. As an alternative (perhaps “adjunct” is the better word here) he suggests looking at infrastructure investments (like pipelines, ports, transportation facilities in general) that benefit indirectly from rising materials prices but which may be undervalued by investors at this point.
“I would love to hear more details on this topic”
Yep - So would I. Maybe folks have suggestions for funds that qualify. Personally, a board member mentioned GLFOX to me sometime ago and I bought a small chunk while cutting back on my commodities fund which I felt had flown too high at the time.

@msf -Thanks. I’ll continue to learn. Experience is a great teacher - but it can be expensive.
Umm … Just to clarify … Fido doesn’t appear to call those “short term trading fees” when you sell a NTF fund early. In my case, they called them “deferred sales commissions.” So, on 2 of my NTF funds they force-sold (after the transfer of cash fizzled) the commission assessed was $100 each. (later reversed.) Reading their online lit, it appears that had I sold the funds online the commission would have been $50 each instead of $100.
Where I think the short term fee might be assessed is on Fido’s own in-house funds if you sell shares inside of 30 days. But I’m not entirely clear on that or how much might be. Fido’s Lit. makes clear that “first in / first out” does not apply if you sell one of their own funds inside of 30 days. What I’m not clear on is whether it simply goes down as a violation, or whether a fee is also attached.
(I’d check, but they seem to have expunged those charges from my account after I had them reversed.)
FWIW - That question came up in a slightly different context when I asked a Fido rep about PRIHX (also transferred to Fido). My concern: I tend to use it as a “go-between” between longer term investments and cash for current consumption. I asked about what if I purchase additional shares of the fund (NTF), than unexpectedly have a need to withdraw some? Answer: It’s first-in / first out … However, “you should phone us first” and specify that you want us to redeem the “earlier purchased” shares. Seems odd to me that it would necessitate a phone call. Will comply.
Thanks again. I recently answered a question from @Crash in 1-minute’s time. (see “delete”) Thought that was pretty good. But you did even better by calling Fido before I even asked the question. :)
PS @msf wrote: “The short term trading fee applies to non-Fidelity NTF funds purchased and then sold within 60 days. There's no restriction or fee on the repurchase. (Unlike, say, Vanguard funds where Vanguard generally doesn't permit a repurchase within 30 days. )”
I have to assume both are correct. But not sure how I got hit with 2 $100 commissions when they force-sold two ntf funds (CVSIX and GLFOX). However, I was able to repurchase a bit of GLFOX without trouble after selling shares of PRWCX - So the second part is absolutely correct.

There are other actors in the water "space," including my favorite FIW. According to the index author, "FIW, is based on the ISE Clean Edge Water Index and is sponsored by First Trust Advisors." ISTM that companies that make money selling water are generally in the business of protecting what they sell, so they meet sustainability critetia ipso facto. In the event, a 5-year investment in FIW would have outperformed SPY and MOAT and would have left GLFOX grabbing air. All that glitters might be H2O.

@hank: GLFOX, a global infrastructure favorite, has several of its 27 holdings domiciled in Europe, with Spain and Italy well represented among the utilities.

@BenWP - Yes. Thanks! Taking a serious look at that one.

@hank: GLFOX, a global infrastructure favorite, has several of its 27 holdings domiciled in Europe, with Spain and Italy well represented among the utilities.

I have pretty much given up on most "global" funds. At the moment I still own GLFOX.
Global never seems to add the extra sauce. Just seems to make everything mushy. At this point I'ld rather own foreign or US in most scenarios.
The other problem I had with VMVFX was the high turnover due to chasing whatever seems to be least volatile at the moment. So you never really know where the portfolio is going to be.

Hi VintageFreak,
Great post! Most people only want to talk about their winners, so this longneck's for you, big guy! So,.....to the losers.....
FMIJX: the best part of this fund is the quarterly reports 'cause the fund stinks! GLFOX: I owned this for years. Right now, it sucks. Also sold ROGSX. It's a lagger. It got new PMs......still lags. One I still hold down 10+% right now. FSDAX: will buy more as it falls. Funds I would own again, just not now: FNSTX, GIBLXX, PTIAX, YCGEX, FARMX, RAANX. Moves that paid off. Many on buying the crash......lol. I want another one, please.
God bless
the Pudd

Some attributes that you've mentioned or implied:
hedged international
utilities
value leaning, mid-to-large cap (TBGVX was midcap until drifting into large cap)
GLFOX would seem to check these boxes. A value leaning, 3/4 foreign, hedged fund, sitting between midcap and large cap, 50% utility (with much of the rest in industrials, like railroads and airports). It's slightly less volatile than TBGVX.

@Sven Interestingly, VWELX/VGWLX now own lots of stocks in blend category. I wanted VGWLX as my largest holding in the tax deferred space is a growth-oriented target date fund.
@WABAC like @rforno, I used to own GLFOX and FSMEX in Roth. One thing I find it hard is if I should change/transition my portfolio from accumulation to income. I'll revisit them.
@rforno Can't get in PRWCX. Sold it when Giroux took over. Should have stayed put. I've been watching VLAIX and find it a reasonable choice. VLAIX managers do adjust equity allocation, now at 55%, more than other allocation funds.
@Mark Mr. Heugh has been a good surprise. I went with MIOPX over VWIGX.

Also held GLFOX at times; I need to revisit that one and see how it's currently positioned.

Waterworks, Electric Company, Shortline, Reading, Pennsylvania, B&O, the usual

WABAC, I've always liked BRLIX as a cheap eq-wt proxy for the Dow and have held it off and on over the years. Also held GLFOX at times; I need to revisit that one and see how it's currently positioned.

@WABAC I used to slice and dice (or collect) funds am comfortable dealing with complexity. That said, my spouse has no interest managing portfolio and I'm leaning towards holding a core or two and building around it with a few specialties.
@Irwilliams VTMFX would be a good core if available at Fidelity. (TAIAX) American Funds Tax-Aware Conservative Growth and Income is okay, but trails VTMFX pretty much all periods.

Keep an eye out for FSMEX re-opening, and jump on it. If you've spent anytime around a hospital you'll know they run through a tremendous amount of stuff. Until then check out the other health care fund he runs for Fido.
I'ld get a good utility fund, a good consumer staple fund. Fido has all those flavors, although the turnover is a little high for my taste. I like GLFOX for my infrastructure fund. The expense ratio has been declining slowly but steadily. The turnover is a reasonable 33%. And the yield is often north of 6%. I should have bought a NASDAQ 100 fund for my taxable back in March while I was shopping.
I have a few other oddballs. It's really hard to beat the performance of indexes after taxes. But I break them down into small, medium, and large. I use BRILX as a surrogate "index" for large caps. It keeps the sectors and holdings relatively balanced.
Lots of fund collectors here. You'll probably get an earful.

Hi Skeeter,
Yeah I think, too, things are a bit expensive. Have done some selling this week......
PRDGX: it's a tracker; FXIAX: is cheaper; GLFOX: too much Italy and England for me anymore. I don't see infrastructure money coming. FAMEX has only 32 holdings and has not recovered from its fall. Time to move on.
Old news:
Bought BFTHX, FBGRX. Sold value and bought these. Also bought FDFAX. Will hold 'til we get a vaccine. Also ECOLX is one I've been watching for a while. TEFQX had 31% cash, so I'm in.
God bless
the Pudd
p.s., In The Economist this week, a most excellent read called, "Like a Ton of Bricks." Also, happy 4th!

GLFOX is more like owning the railroads, electric company, and waterworks from Monopoly. All the infrastructure is already built. And half of that is utilities.
YTD performance is in the same league as Vanguard's utility index (VUIAX), but pays a 5.2 yield vs. 2.52. I have been a happy owner for five years in the IRA. And I added it to the taxable during the recent excitement.
While reviewing their portfolio I noticed they are nearly 18% cash.

Demand is bouncing back in China and stimulus packages being unleashed across the developed world promise to transform the long-term outlook -- particularly with spending on copper-intensive green energy infrastructure. The coronavirus has also disrupted mines and delayed new builds, throttling current and future supply.
“Copper is coming out of this crisis differently,” Bintas said by phone from Geneva. “When lockdowns were eased and people started to return to work, we were surprised to see our customers not only taking deliveries of volumes they’d already bought, but requesting more to cover themselves in case there were any further disruptions to supply.”

https://bloomberg.com/news/articles/2020-06-10/new-king-of-copper-trading-sees-demand-coming-back-even-stronger?sref=g4EhC0E7
Do investors see GLFOX (Infrastructure funds ), VGPMX (Natural Resources/Precious Metals) funds and even VWO (VEIEX) (which seems to move when PMs move up & down with NR/PM) working again?
Next stimulus bill should include infrastructure projects.
Pro's & Cons for infrastructure stimulus:
case-against-infrastructure-stimulus
stimulus-checks-infrastructure-phase-four

Hi guys,
Hope all is well with you and yours.
On today's walk, the Dukester was kinda chatty. He said, "Pudd, do you know how many funds you sold since the end of last year?" I said, "no." He said, "A baker's dozen." I said, "This time I am gonna do something different." Trying to limit losses by selling instead of just riding it out. And, of course, buying at lower levels with the cash and dry powder we had. Trying to manage the losses so as not to lose as much.....to get back to 0 quicker. So, of course, the next question was, "Did it work?" I said, "I don't know......I'll never know. We're down 3.3% right now as of today. I can only say I hope it helped a little." The buys were the big help. Also did some buying yesterday.....held my nose while doing it. Bought FMIJX. It's my worst fund.....now down 11%. Also bought GLFOX. Playing Euro stimulus plans. I think our market is overbought. Saying that, I will say this again just for laughs and giggles: months back, I wrote down June 19 on a paper. Someone said (from the VIX) high 90 days or so.....you will get a correction. So something to watch for.
God bless
the Pudd

I don't know enough to fool with any of the default settings.
These were the standouts.
GLFOX hits 7.03% at the 10th percentile.
DODGX at 5.36. Which was better than VDIGX 2.51 or VEIRX 2.65. Shoot. DODIX is at 2.82
NBGNX at 5.26%
FDFAX at 5.48
FBIOX at 4.15. By this test perhaps I should have held onto VGHCX instead of selling it, and splitting it between FBIOX and FSMEX. But I wanted to get away from the providers in their portfolio.
PRBLX is at 5.26%. So I'll keep that on my watch list.
Thanks for the link Bee. I'm not sure what I learned though. My plan is to spend down the IRA completely anyway. I hope to leave the taxable to the kids.

@Charles - you mentioned "Our friend Junkster always touted the importance of having predefined "exit" criteria. He was/is a day trader so he watches for instabilities typically in price movements of what he calls "tight channel" funds. If he sees them, he exits the trade.
Others like Meb Faber practice trend following ... when price drops below say the 10-mo running average, they exit their position, either to cash or something (thought) safer."
Then asked "So curious if any on the board practice, in disciplined fashion, such techniques?
And, perhaps even more curious of whether buy-and-hold investors, especially retired ones, EVER think of exiting. Or, is it always just about re balancing?"
Tough questions but I'll try. NO I do not ever think about exiting. I'm pretty much all invested 99% of the time. While accumulating it was 95/5 figuring that SS would cover my wild abandon. Once retired I drifted down to roughly 75/25 by swapping some REIT's for PCI and PDI. MY portfolio is primarily a mix of individual dividend growth stocks and a handful of equity CEF's for income, PIMCO bond CEF's + IOFIX and 5 mutual funds BIAWX, GLFOX, MGGPX, POAGX and VLAAX. I do hold a pittance in SFGIX but I'm not sure why, maybe in case it ever becomes unstuck from it's funk. It is hard to apply the techniques I use across all holdings equally so I use certain ones for certain types.
I pretty much never touch the mutual funds. That's what I hired their managers for.
Likewise the bond holdings although I do check them occasionally trying to follow Junksters lessons along with a weekly MACD signal. I won't get into what it's all about suffice to say that MACD is an indicator used in technical analysis to identify aspects of a security's overall trend. Most notably these aspects are momentum, as well as trend direction and duration. MACD uses moving averages (trend lines and duration) and plots that difference between the two lines as a histogram which oscillates above and below a center Zero Line. The histogram is a good indication of a security's momentum and so I watch for crossovers signalling buying when moving up from a trough or selling from a peak. Ideally I'd check them more often than I do but I try to pretend I have a life away from watching market action so sometimes I'm behind the curve unless price action screams at me.
My equity holdings are also rarely touched because most were bought during previous market debacles and now have considerable capital gains even after this current hosing. If I found suitable similar replacements I might swap them. Or not.
With these holdings, in addition to the MACD signal I also watch the RSI and the Chaikin Money Flow indicators. Again I am never on top of these 100% of the time but I check them occasionally and whenever Mr. Price beats on me. I use RSI to identify the general trend and watch for divergence especially from overbought or oversold conditions.
The Chaikin Money Flow tells the real story of how much demand there is for a stock whether positive or negative. The concepts of divergences comes into play here as well. If money flow starts to fall while price is rising, then the price will generally follow downward soon. Again, a change in money flow is a signal that something is about to change with price. The weekly and monthly tell you the real big money trend and I want to be on the side of the big money. A day trader could use daily I suppose.
Anyway, in this current meltdown all things seemed to have suffered equally so I see no reason to play with rebalancing and frankly I never look at my portfolio and think that I should. Crazy right? But my portfolio works for me and was planned out to do what I needed it to do which was to provide me with enough income to cover my modest needs along with a little extra to play with. To date I have only had one holding that suspended their dividend (can you say lucky) but I fear that we may be just in the first few innings of this game. Good luck out there.

Right there with you Starchild. It and GLFOX are the only ones I own at a 9:1 ratio.