FCBLNX

About FCBLNX

First Trust Combined Series 289 Insured Tax-Exempt Municipal Income Trust, Series 246 is a unit investment trust designed to generate income that is exempt from federal—and, when applicable, state and local—income taxes by holding a diversified portfolio of insured municipal bonds. The trust emphasizes principal preservation alongside tax-advantaged income by investing in bonds backed by insurance policies that protect scheduled principal and interest payments, subject to insurer claims-paying ability. Sponsored by First Trust Portfolios, the series operates as a fixed portfolio within the tax-free fixed income asset class and is offered on a buy-and-hold basis until its stated termination, a typical UIT structure. The portfolio’s regulated investment company tax structure supports pass-through of tax-exempt income to unitholders. Holdings have included revenue bonds from U.S. municipal issuers such as transportation and public finance authorities, reflecting exposure to essential-service and infrastructure-related credits. As a secondary-market series with a defined life, it does not actively trade or rebalance, providing transparent cash flows and a known investment horizon for tax-sensitive investors seeking municipal bond exposure.