First Trust Investment Grade Multi-Asset Income Trust, Long-Term Series 20 is a unit investment trust designed to deliver current income and emphasize capital preservation through a fixed portfolio of investment‑grade bonds. The strategy allocates primarily to investment‑grade corporate debt and taxable municipal bonds, employing a buy‑and‑hold structure that holds securities to trust termination rather than actively trading. As a regulated investment company, it distributes income to unitholders—typically on a monthly schedule—reflecting the portfolio’s coupon cash flows. The long-term series profile features an extended weighted average maturity, aligning the trust with investors seeking a defined horizon for income from high‑quality fixed income. Within First Trust’s broader lineup of taxable fixed‑income unit trusts, this series provides diversified exposure across issuers and sectors while maintaining investment‑grade standards, offering a transparent basket with stated characteristics, net asset value reporting, and predefined lifecycle parameters. Details such as product code, initial offer date, NAV history, and CUSIP are published by the sponsor, supporting due diligence and secondary market reference for existing units.
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