Advisors Disciplined Trust 860 Tax Exempt Municipal Portfolio Investment Grade is a unit investment trust designed to provide investors with access to a professionally selected portfolio of investment-grade municipal bonds. The primary function of this trust is to generate federally tax-exempt income by investing in municipal securities that have received high credit ratings, emphasizing both income generation and relative capital preservation. This portfolio is structured to appeal to individuals seeking consistent cash flow exempt from federal income taxes, making it especially relevant for tax-sensitive investors. The selection process focuses on bonds issued by U.S. municipalities and related public entities, with an emphasis on credit quality and the ability to meet future interest and principal payments. The trust typically holds its constituent securities to maturity or until the trust’s designated termination date, following a defined, passive strategy rather than active trading. Advisors Disciplined Trust offerings play a notable role in the broader municipal bond market by providing diversification, professional oversight, and transparency to investors interested in tax-advantaged fixed income solutions.
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