FHUGPX

About FHUGPX

First Trust Combined Series 479 - Tax Exempt Municipal Income Trust - Series 2 Fund is a unit investment trust focused on providing investors with income that is exempt from federal, and in some cases, state and local income taxes. The fund mainly invests in a diversified portfolio of investment-grade municipal bonds, which are debt securities issued by U.S. municipal entities such as cities, states, or local governments. These bonds finance public projects like infrastructure, schools, and utilities, supporting the broader municipal sector. The primary function of the fund is to generate regular tax-advantaged income for investors while aiming to preserve capital. This structure appeals to individuals seeking stable, tax-exempt income, typically as part of a balanced or income-oriented investment strategy. Its role in the financial market is to give access to municipal bond exposure through a professionally selected, fixed portfolio, often held for a specified term, thereby offering predictable stream of tax-efficient income tied to public investment and credit dynamics of municipal finance.