FSZUHX

About FSZUHX

First Trust Combined Series 577 Tax Exempt Municipal Income Trust Series 302 is a unit investment trust specializing in the municipal bond market. Its primary function is to provide investors with a stream of income that is exempt from federal, and potentially state and local, income taxes. The trust achieves this by investing in a carefully selected portfolio of investment-grade municipal bonds issued by various state and local governments or their agencies. These bonds finance essential public projects such as infrastructure, schools, and utilities, supporting the broader public sector while delivering tax-advantaged returns to investors. As part of the broader category of tax-exempt income trusts, this series targets individuals and institutions seeking steady monthly income with preservation of capital. The structure of the trust means its portfolio is fixed at the time of deposit, offering transparency into its holdings and expected income over the trust’s life. Its market significance lies in helping investors efficiently access diversified municipal bond exposure, manage tax liability, and meet income objectives through a regulated, professionally selected portfolio of municipal securities.