FQUIAX

About FQUIAX

CS 617 Tax Exempt Municipal Income Trust is a unit investment trust designed to provide investors with a stream of income that is generally exempt from federal income taxes. Its core strategy is to invest in a diversified pool of closed-end funds, each focusing on municipal bonds issued by state and local governments. These bonds are typically used to finance public projects such as schools, highways, and infrastructure. By structuring the trust with closed-end funds, portfolio managers maintain greater flexibility and control over holdings, as these funds aren’t subject to daily redemptions like open-end mutual funds. The trust seeks to deliver stable monthly distributions, striving to maximize tax-exempt income, which can be particularly advantageous for individuals in higher tax brackets. However, some distributions may still be subject to federal income taxes or the alternative minimum tax, depending on the underlying holdings. While the trust is tailored to provide reliable income and tax efficiency, it is subject to the inherent risks of municipal bond markets, including credit and interest rate risks, and the unique trading dynamics of closed-end funds.