FSBZXX

About FSBZXX

First Trust Series 491 Strategic Income Select Portfolio 50, Series 56 is a unit investment trust created by First Trust, designed to provide investors with a diversified approach to income generation. This portfolio primarily targets a high level of current monthly income, with capital appreciation as a secondary objective. The trust achieves its goals by investing in a carefully selected range of closed-end funds, which may offer exposure to various sectors such as fixed income, equities, and alternative asset classes. Such diversification helps the portfolio manage risk while seeking consistent income distributions during its limited lifespan. Like other unit investment trusts in the Strategic Income Select series, this portfolio operates as a regulated investment company, following a predefined investment strategy until its termination date. Upon termination, proceeds are distributed to investors based on the net asset value of the underlying holdings. The portfolio’s approach makes it significant for investors seeking a structured, transparent way to access multiple income-generating strategies through a single investment, enhancing its role in income-focused portfolio allocations.