FIFTUX

About FIFTUX

First Trust Tax Exempt Municipal Income Trust Series 313 is a unit investment trust focused on providing investors with monthly income that is exempt from federal and, in some cases, state and local income taxes. The trust achieves this by investing in a diversified portfolio of investment grade municipal bonds issued by U.S. state and local governments or their agencies. Its primary objectives are to generate tax-exempt income and preserve capital, offering a solution for income-seeking investors who prioritize tax efficiency and capital stability. The trust operates as a regulated investment company and features a set maturity date, so it employs a buy-and-hold strategy, maintaining its original portfolio until maturity. This structure makes it appealing for those looking for predictable, tax-advantaged cash flows over a defined period. The trust’s role in the financial market is to channel capital into public infrastructure and development projects, supporting municipalities while meeting the needs of investors requiring reliable, tax-advantaged income streams.