FKLATX

About FKLATX

The First Trust 415 Tax Exempt Fund is a unit investment trust designed to provide investors with income that is exempt from federal, and where applicable, state and local income taxes. Its primary function is to preserve capital while generating tax-advantaged income, appealing to individuals seeking stable, predictable returns that are minimally impacted by tax obligations. The fund achieves its objective by investing in a portfolio of investment grade municipal bonds, which typically finance public infrastructure projects such as schools, hospitals, and utilities. By focusing on high-quality municipal securities, the fund prioritizes both capital preservation and creditworthiness. Distributions from the fund are made on a monthly basis, reflecting the regular income stream that municipal bonds can offer. With a diversified basket of holdings—22 securities as of the latest update—the First Trust 415 Tax Exempt Fund serves as a specialized instrument within the fixed income sector, providing a crucial role for investors aiming to manage tax exposure while maintaining conservative investment characteristics.