Advisors Disc Tr 585 Tax Exempt Securities Trust National Trust 465 Fund is a unit investment trust focused primarily on providing investors with federally tax-exempt income through a diversified portfolio of long-term municipal bonds. The trust is structured to seek preservation of capital while generating interest income that is exempt from federal taxation, making it particularly relevant to investors seeking tax-advantaged fixed income exposure. The underlying assets generally consist of high-quality municipal securities issued by state and local governments or agencies, supporting public infrastructure and development projects such as schools, transportation, and utilities. As a unit investment trust, the portfolio is typically fixed for the duration of the trust’s term, offering investors transparency and predictability in holdings. This fund plays a vital role in the financial market by channeling capital to public entities in need of funding, while offering individual and institutional investors access to municipally-focused, tax-efficient income strategies.
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