FBSKFX

About FBSKFX

FT High-Yield Income Closed-End 107 Fund is a unit investment trust designed to deliver high current income by investing in a diversified portfolio of closed-end funds. These underlying funds concentrate on both U.S. and international high-yield bonds, targeting enhanced income generation as their principal objective. Capital appreciation serves as a secondary goal for the portfolio. The fund distributes income on a monthly basis, catering to investors seeking regular cash flow. With its approach of pooling a variety of closed-end funds, it provides exposure to a broad array of issuers and sectors within the high-yield bond market, thereby reducing single-issuer risk and increasing diversification. The fund is categorized as a regulated investment company, following a defined life cycle, starting with the initial offer date and concluding on a specified portfolio ending date. Its structure is particularly relevant for investors interested in accessing the high-yield fixed income market through a packaged investment solution that emphasizes broad diversification and systematic income distributions.