FEKTLX

About FEKTLX

First Trust 7837 Corporate Investment Grade Ladder 7 Fund is a unit investment trust designed to deliver current income and capital preservation through a diversified portfolio of investment‑grade corporate bonds. It follows a rules-based, laddered structure that staggers maturities across a defined 3–7 year segment, helping manage interest rate risk and support consistent cash flows as bonds roll down the curve and mature. The trust focuses on issuers with strong credit profiles across sectors such as financials, industrials, technology, and consumer-related industries, reflecting the broad U.S. investment‑grade market. By concentrating on intermediate-duration bonds, the portfolio seeks to balance yield with stability, limiting exposure to both short-term reinvestment risk and long-duration volatility. As a fixed-life vehicle, the trust is intended to be held to termination, distributing income periodically and returning principal as holdings mature or are paid down. Within the market, it serves as a transparent, time-defined option for investors seeking systematic exposure to corporate credit quality without active management, leveraging the ladder approach to smooth interest rate and credit cycle effects while emphasizing disciplined structure over continual trading.