FORCHX

About FORCHX

First Trust Combined Series 536: Tax Exempt Municipal Income Trust Series 2 is a unit investment trust focused on providing investors with regular income that is generally exempt from federal, and in some cases, state and local income taxes. The trust achieves this goal by investing in a diversified portfolio of investment-grade municipal bonds. These bonds are typically issued by state and local governments to fund public projects such as schools, highways, and infrastructure. The product is designed for investors seeking tax-advantaged income, as the interest generated by the municipal bonds is typically shielded from federal taxation. By constructing a fixed portfolio of high-quality municipal securities, the trust emphasizes both income generation and preservation of capital. This structure can be appealing to those with recurring income needs or objectives centered around tax efficiency. As a defined-term unit investment trust, it follows a buy-and-hold strategy through its specified maturity, offering stability and predictability in cash flows, and serving a specialized role within fixed income portfolios by targeting the municipal bond market.