FTNMZX

About FTNMZX

First Trust 7705 Corporate Investment Grade Laddered Portfolio, Series 6 is a unit investment trust designed to deliver current income and emphasize capital preservation through a diversified, laddered portfolio of investment‑grade U.S. corporate bonds. The laddered structure staggers bond maturities, aiming to manage interest‑rate risk and provide a predictable cadence of principal repayments that can be reinvested as rungs mature. As a defined portfolio launched in 2018, it follows a fixed termination lifecycle typical of unit investment trusts, with holdings selected at inception and held to maturity barring credit events. The trust operates as a regulated investment company for tax purposes and distributes income monthly, reflecting its bond‑income focus. By concentrating on investment‑grade issuers across corporate sectors, it seeks to balance credit quality with income generation, offering transparent pricing via net asset value per unit and published par values during its secondary market phase. Its role in the market is to provide a rules‑based, time‑bounded vehicle for investors seeking structured exposure to high‑quality corporate credit with a disciplined maturity ladder and defined portfolio parameters.