FKNTBX

About FKNTBX

The First Trust Tax-Exempt Municipal Income Fund 301 is a unit investment trust designed to provide investors with income that is generally exempt from federal and, where applicable, state and local income taxes. The fund primarily invests in a diversified portfolio of investment grade municipal bonds, with the objective of delivering regular, tax-advantaged income while seeking to preserve capital. The portfolio typically consists of bonds issued by government entities such as states, municipalities, and public authorities, funding a range of projects including infrastructure, education, and healthcare. Each holding within the trust is selected for its credit quality and potential to generate consistent tax-exempt returns. Distributions are made on a monthly basis, offering a predictable income stream for investors with a focus on tax efficiency. The fund plays a significant role in the municipal bond market by channeling capital to essential public projects while providing investors with a conservative fixed income option that seeks to minimize tax liabilities.