Advisors Disciplined Trust 364 Insured is a unit investment trust designed to provide investors with tax-exempt income through a diversified portfolio of long-term municipal bonds. The portfolio consists primarily of insured, investment-grade municipal securities issued by various governmental entities across the United States, with the insurance feature intended to enhance the credit quality and security of the principal and interest payments. These municipal bonds are selected for their ability to generate federally tax-free interest income, making the trust suitable for investors seeking to manage taxable income, particularly in higher tax brackets. The trust structure offers fixed income characteristics with a predetermined termination date, at which time the underlying securities are distributed to investors or liquidated. Advisors Disciplined Trust 364 Insured plays a significant role in providing access to diversified municipal bond portfolios with an emphasis on credit protection and income stability in the broader fixed-income segment of financial markets.
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