FHIDUX

About FHIDUX

First Trust Strategic Income Fund - Class E is a unit investment trust designed to generate high current income by investing in a diversified collection of closed-end funds. This fund targets closed-end funds that hold both U.S. and foreign taxable bonds, providing broad exposure across various sectors of the fixed income market. While the primary objective is to deliver a reliable stream of monthly income, the fund also aims for capital appreciation as a secondary goal. The portfolio’s composition offers access to a variety of bond types and credit qualities, allowing investors to participate in a globally diversified fixed income strategy. Typical features include monthly income distributions and a regulated investment company tax structure, making it suitable for those seeking consistent income from a professionally managed basket of closed-end bond funds. The design of the fund emphasizes risk management through diversification, both by geography and by fixed income sector, reinforcing its role as a specialized income solution within the broader financial market.