FBIZIX

About FBIZIX

First Trust High Yield Income Fund Class Endowment Series 108 is a unit investment trust structured to pursue high current income through investment in a diversified basket of closed-end funds. These underlying funds primarily allocate assets to U.S. and foreign high-yield bonds, targeting securities from issuers with below-investment-grade credit ratings. This approach is designed to maximize income potential, while capital appreciation serves as a secondary objective. The trust distributes income to investors on a monthly basis, reflecting its focus on providing regular cash flow. Launched with a fixed term, the fund has a defined lifespan, providing a clear timeline for both maturity and portfolio liquidation. Classified as a regulated investment company, it benefits from pass-through tax treatment on income and capital gains. The fund’s broad exposure to various segments of the global high-yield bond market makes it a notable option for investors seeking diversification within this asset class and exposure to credit sectors often associated with higher coupon payments and greater risk. The trust’s structure and selection methodology aim to balance risk and return by utilizing professional management in choosing and overseeing the underlying closed-end funds.