FDAILX

About FDAILX

First Trust Investment Grade Multi Asset Income Long/Term 2021 Fund is a unit investment trust designed to provide current income and capital preservation by investing in a diversified, fixed portfolio of high-quality debt securities. The fund primarily allocates assets to investment grade corporate bonds and taxable municipal bonds, aiming to deliver stability and regular income to investors. It operates as a regulated investment company, with a defined portfolio established at inception and held until maturity, which distinguishes it from actively managed bond funds. Distributions are typically made on a monthly basis, catering to investors seeking consistent cash flow. The fund serves a strategic role for income-focused market participants who prioritize credit quality and lower default risk, and it is particularly relevant for those looking to balance income needs with capital preservation in a multi-asset context. By emphasizing investment grade securities, the fund maintains a conservative risk profile while participating in various sectors influenced by corporate and municipal debt markets.