FHRTZX

About FHRTZX

First Trust Tax-Exempt Municipal Income Trust, Series 520 is a unit investment trust designed to provide federally tax-exempt income while seeking to preserve capital. It invests in a defined portfolio of investment‑grade municipal bonds, focusing on issuers with strong credit quality and stated maturities that align with a targeted term profile. The series structure is fixed—securities are selected at inception and held to termination—offering transparency into holdings, cash flows, and an anticipated return profile driven by coupon income and bond amortization. The trust emphasizes diversification across U.S. municipalities and revenue sectors such as general obligation, essential services, and transportation, aiming to mitigate single‑issuer risk common in municipal markets. Its regulated investment company tax structure supports pass‑through of tax‑exempt income on a monthly basis, subject to federal rules and state eligibility. By concentrating on investment‑grade tax‑exempt bonds within a preset life, First Trust Tax-Exempt Municipal Income Trust, Series 520 serves investors seeking predictable, tax‑efficient income and the discipline of a time‑limited, buy‑and‑hold municipal strategy.