FOEBJX

About FOEBJX

First Trust Combined Series 542 Tax Exempt Municipal Income Trust Series 2 is a unit investment trust (UIT) that focuses on providing investors with federally tax-exempt income through a diversified portfolio of municipal bonds. The primary function of this UIT is to distribute income that is exempt from federal—and in certain cases, state and local—income taxes, appealing to investors seeking tax-advantaged fixed income solutions. This product invests in high-quality, investment grade municipal securities issued by state and local governments or agencies, which are used to fund public projects such as schools, infrastructure, and hospitals. The UIT structure offers a defined portfolio and a set termination date, promoting capital preservation alongside regular income distributions. First Trust Combined Series 542 Tax Exempt Municipal Income Trust Series 2 serves an important role in the market by helping investors manage tax liabilities while gaining exposure to the municipal bond sector, which is often considered relatively stable compared to other fixed income categories. This asset is particularly notable for individuals, trusts, or institutions prioritizing tax efficiency and steady cash flow within their investment portfolios.