FTNHSX

About FTNHSX

First Trust Tax Exempt Municipal Income Trust Series 459 is a unit investment trust focused on generating income that is exempt from federal—and in some cases, state and local—income taxes. The trust achieves this objective by investing in a diversified portfolio of investment grade tax-exempt municipal bonds. These bonds are issued by a variety of municipal entities such as states, cities, and local government districts, providing investors with exposure to essential public infrastructure financing across the United States. Notable features of this trust include its monthly income distributions and an emphasis on preserving capital while managing credit quality through selective bond holdings. With approximately 28 underlying securities, the trust is structured as a regulated investment company, ensuring compliance with federal tax regulations governing municipal bond investments. Its target audience typically includes investors seeking steady tax-advantaged income, particularly those in higher tax brackets who benefit from municipal bond interest exemptions. First Trust Tax Exempt Municipal Income Trust Series 459 plays a significant role in providing access to high-quality municipal debt and facilitating funding for public projects, while also supporting portfolio diversification and reduced correlation with taxable fixed income instruments.