First Trust 371 Investment Grade Fund is a unit investment trust focused on generating current income and preserving capital through a defined portfolio of investment‑grade corporate bonds. The trust structure offers a fixed basket of holdings selected at inception and held to termination, providing transparency into credit quality, maturity profile, and distribution characteristics. Emphasizing bonds rated investment grade, the portfolio targets intermediate to longer maturities, aligning with investors seeking disciplined exposure to high‑quality corporate credit. As part of First Trust’s Combined Series, it reflects a rules‑based, time‑limited approach common to UITs, where securities are not actively traded after selection, and cash flows are distributed periodically. The fund’s role in the market is to offer a straightforward, time-bound vehicle for accessing diversified corporate bond income with known parameters around duration and credit tiers, complementing broader fixed income allocations in multi‑asset portfolios by focusing on stability and predictability of cash flows.
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