FSXYMX

About FSXYMX

First Trust Investment Grade Laddered Income Fund is a unit investment trust designed to provide investors with regular income and capital preservation. The fund achieves its objective by investing in a laddered portfolio of investment grade corporate bonds, meaning it structures its holdings so that bonds mature at staggered intervals, typically creating a consistent cash flow and reducing interest rate risk. This laddered approach is aimed at balancing return potential with risk management. The fund primarily targets high credit quality issuers across a range of industries, reflecting a focus on minimizing credit risk while seeking to optimize income generation. As a regulated investment company, it pays out income to investors through monthly distributions. The weighted average maturity of the fund’s holdings is typically positioned in the intermediate term, providing a balance between current yield and interest rate sensitivity. In the broader financial market, the fund serves as an income-focused solution for conservative investors seeking diversification within the U.S. corporate bond sector while emphasizing stability and steady returns over the investment horizon.