FRNJVX

About FRNJVX

First Trust Tax Exempt Municipal Income Trust, Series 314 is a unit investment trust designed to provide investors with a source of monthly income that is generally exempt from federal, state, and local income taxes. Its primary focus is capital preservation and tax-advantaged income generation through a diversified portfolio of investment grade municipal bonds issued by state and local governments or authorities. The trust typically holds bonds with a weighted average maturity of approximately 21 years, aiming to balance long-term income potential with relative stability. With about 15 different municipal bond holdings, it offers exposure to various projects such as city infrastructure, water revenue, and educational facilities, emphasizing credit quality by investing in bonds rated investment grade. As a regulated investment company, this trust plays a significant role in fixed income markets by catering to investors seeking tax efficiency while supporting municipal financing for essential public projects. Income distributions are made monthly, and principal distributions occur as bonds mature or are called, reflecting a defined-term structure that appeals to income-focused investors looking for predictable, tax-exempt cash flow and principal protection in a disciplined portfolio structure.