FKLTIX

About FKLTIX

First Trust Combined Series 497 – Tax Exempt Municipal Income Trust – 10-20 Fund is a unit investment trust designed to provide investors with a stream of income that is typically exempt from federal, and in some cases state and local, income taxes. The fund's core portfolio consists of investment grade municipal bonds, each with maturities ranging primarily from 10 to 20 years. By focusing on tax-exempt municipal securities, the fund aims to serve investors seeking tax-advantaged income while preserving capital stability. Its structure supports individuals and institutions looking to diversify fixed income allocations and manage tax liabilities effectively. The trust makes regular distributions, often on a monthly basis, and is managed to maintain a stable, high-quality bond portfolio throughout its term. This product plays a key role in the municipal bond market by pooling investor resources to access diversified municipal bond holdings, often with favorable tax treatment, and appeals especially to those prioritizing income generation and risk-adjusted capital preservation over long holding periods.