FT Series 11680 Strategic Income Long-Term Municipal Trust is a unit investment trust designed to provide investors with current income that is typically exempt from federal income tax. This trust primarily invests in a diversified portfolio of long-term municipal bonds, which are debt securities issued by state and local governments or their agencies. By focusing on municipal bonds with extended maturities, the trust seeks to lock in attractive yields while potentially benefitting from the relative stability and tax-advantaged income associated with municipal securities. The portfolio is managed to balance credit quality and income generation, often including bonds rated investment grade or higher. In the broader financial market, this trust serves as a vehicle for investors seeking a predictable stream of income, particularly those interested in tax efficiency, such as high-net-worth individuals or those in higher tax brackets. Additionally, the trust’s defined portfolio and finite life offer transparency and discipline, distinguishing it from open-end mutual funds or actively managed accounts.
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