FQNDRX

About FQNDRX

First Trust 501 Tax Exempt Municipal Income Fund is a unit investment trust designed to provide investors with federally tax-exempt income through a diversified portfolio of municipal bonds. Its primary purpose is to generate regular, stable income that is free from federal taxation, making it especially attractive to individuals seeking tax-efficient cash flow. The fund typically invests in a selection of high-quality municipal securities issued by state and local governments, supporting essential public projects such as infrastructure, education, and utilities. By focusing on tax-exempt municipal bonds, this fund plays a key role in the financial markets by offering a vehicle for investors to access municipal debt while promoting public sector financing. Its portfolio structure also aims to minimize credit risk and volatility through diversification, and it appeals particularly to risk-averse investors with long-term income needs seeking to preserve capital. The fund is listed on a major electronic exchange, ensuring transparency and liquidity for its investors.