First Trust 9703 Corporate Investment Trust is a unit investment trust designed to provide defined-term exposure to a curated portfolio of investment-grade corporate bonds. The trust’s primary objective is to deliver current income with an emphasis on capital preservation over its life, using a laddered structure that staggers maturities to help manage interest-rate risk and reinvestment timing. It typically holds fixed-rate debt from established corporate issuers across diversified sectors, balancing credit quality and duration to align with a specified termination date. As a unit investment trust, it follows a buy-and-hold approach after the initial deposit, offering transparency into holdings and a clear timeline for capital return at maturity. This structure can serve as a building block for investors seeking predictable cash flows, disciplined duration management, and reduced turnover compared with actively traded bond funds. Within the broader market, the trust provides a packaged solution for accessing investment-grade corporate credit, complementing traditional bond ladders and core fixed income allocations through a rules-based, time-certain vehicle.
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