FHTEBX

About FHTEBX

First Trust Portfolios 353 Tax-Exempt is a unit investment trust designed to provide income that is exempt from federal—and in certain cases state and local—income taxes while seeking to preserve capital. It invests in a diversified portfolio of investment‑grade municipal bonds, typically issued by state and local governments or related authorities to finance public projects such as transportation, utilities, and education. As a defined, buy‑and‑hold trust, it holds a fixed basket of securities to termination, offering transparent holdings and a finite life rather than continuous active management. The portfolio follows a regulated investment company tax structure and emphasizes credit quality and maturity selection to target tax‑advantaged cash flows. Within the broader municipal market, it serves investors seeking predictable, tax‑efficient income and exposure to essential‑service revenue and general obligation bonds. Its role in the market is to package professionally selected municipal credits into a time‑limited vehicle that simplifies access to the tax‑exempt bond market and complements broader fixed income allocations by potentially enhancing after‑tax income stability.