The First Trust Combined Series 462 Investment Grade Multi-Asset Income Portfolio is a unit investment trust designed to provide current income and capital preservation. This portfolio primarily invests in a fixed selection of investment grade corporate bonds and taxable municipal bonds, typically with maturities ranging from 10 to 20 years. Its multi-asset approach aims to balance income generation with risk management by focusing on securities that meet strict credit quality requirements, minimizing default risk and supporting overall portfolio stability. Structured as a regulated investment company, this portfolio distributes income to holders on a monthly basis, making it suitable for investors seeking regular cash flows. The trust's strategy emphasizes capital preservation by maintaining a diversified bond allocation to both corporate and municipal issuers with investment grade ratings. It plays a significant role in the fixed income sector by offering access to a professionally selected mix of bonds designed for predictable income, defensive credit quality, and a defined maturity timeline. This portfolio is relevant for market participants seeking consistent income while moderating exposure to lower credit quality instruments.
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