First Trust 442 Tax-Exempt Municipal Income 10-20 Year Portfolio is a unit investment trust designed to provide investors with income that is exempt from federal, and where applicable, state and local income taxes. The portfolio primarily invests in a diversified selection of investment-grade municipal bonds, with maturities generally ranging between ten and twenty years, aiming to combine tax-advantaged income generation with capital preservation. The trust carefully selects its holdings to maintain high credit quality, focusing on municipal issuers that support essential public services and infrastructure. This structure offers predictable monthly distributions and appeals particularly to income-focused investors seeking tax efficiency. First Trust’s portfolio exemplifies the role of municipal bond trusts in the broader financial market by connecting individual investors with professionally selected municipal securities that fund vital government and community projects, while providing a reliable stream of tax-exempt income. As a regulated investment company, it adheres to strict standards designed to mitigate credit and interest rate risk, enhancing its suitability for those seeking relatively lower-risk exposure to the municipal bond market.
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