FTXSYX

About FTXSYX

The Dow 30 Buy-Write Portfolio, Series 7 is a unit investment trust designed to generate income, with capital appreciation as a secondary objective. This portfolio specifically invests in a fixed basket of U.S. Treasury securities and the common stocks that comprise the Dow Jones Industrial Average, a group representing major U.S. blue-chip companies across diverse sectors. To enhance income generation, the trust employs a buy-write—or covered call—strategy by writing long-term equity anticipation securities (LEAPS) call options against each stock position in the portfolio. This approach aims to provide periodic premium income from the option contracts, potentially reducing the volatility associated with pure equity investing. The trust distributes proceeds on a semi-annual basis and operates under the regulated investment company tax structure. The Dow 30 Buy-Write Portfolio, Series 7 offers investors exposure to the stability of Dow Jones Industrial components while utilizing a systematic options overlay to pursue additional income, thus playing a distinctive role among income-oriented, equity-based investment vehicles in the financial market.