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Trusted Insight for Independent Oversight MFDF is an independent association for independent directors of mutual funds ETFs closedend funds and other registered investment companies. MFDF helps independent directors navigate an evolving regulatory environment and steward shareholders investments. MFDF provides tailored educational resources and facilitates peertopeer networking with offerings that include webinars white papers and interactive conferences. As an independent association MFDFs membership includes a wide range of fund boards and represents a diverse community of directors.