FOTICX

About FOTICX

First Trust Series 11649 Prefe Inc is a unit investment trust designed to deliver a high level of current income through a diversified portfolio of preferred securities. This trust primarily seeks to provide investors with monthly distributions by holding preferred securities issued by a variety of companies across sectors such as financials, insurance, utilities, and industrials. The trust operates with a defined life, commencing on July 31, 2024, and set to terminate on July 31, 2026, offering structured exposure over a fixed investment horizon. As a regulated investment company, it distributes income to unitholders on a monthly basis. Notable holdings within the portfolio include preferred issues from companies like F&G Annuities & Life, Aegon Funding Company, Sempra, and MetLife, reflecting a focus on credit quality and income generation. By investing in a range of issuers and industries, First Trust Series 11649 plays a significant role for investors aiming to access the preferred securities market while diversifying income sources and managing sector risk within their portfolios.