FSPWDX

About FSPWDX

The First Trust Combined Series 424 Investment Grade Multi-Asset Income Portfolio 10 Fund is a unit investment trust focused on generating income and preserving capital through a diversified allocation of investment-grade securities. Its primary purpose is to provide investors with a structured portfolio consisting mainly of investment grade corporate bonds and taxable municipal bonds, with maturities typically ranging from 10 to 20 years. By targeting only high-quality issuers, the fund aims to mitigate credit risk while offering regular income distributions, often on a semi-annual basis. The portfolio is designed for medium- to long-term investors seeking exposure to multiple asset types within a single vehicle, enhancing diversification across sectors and issuers. This approach provides a degree of stability and income reliability, making the fund notable within the broader fixed income and income-focused product landscape. As a regulated investment company, it is structured to deliver efficiency in yield distribution and tax management for investors seeking a blend of income and relative capital safety in the fixed income market space.