FVEDMX

About FVEDMX

First Trust GNMA Series 111 is a unit investment trust designed to provide monthly distributions of interest to its investors. The trust invests primarily in a portfolio of Ginnie Mae securities, which are mortgage-backed securities issued by the Government National Mortgage Association (GNMA). These underlying securities are backed by the full faith and credit of the U.S. government, offering a measure of credit security unique to this asset class. The trust’s objective is to deliver regular income, making it especially relevant for income-focused investors or those seeking to balance the risk and return profile of their fixed-income holdings. Typically, the portfolio held by the trust features a weighted average maturity profile—in this case, around 4.5 years—providing investors with a moderate duration exposure within the context of government-backed mortgage securities. First Trust GNMA Series 111 serves a role in the broader market as a means for investors to access structured Ginnie Mae holdings through a regulated investment company format, contributing stability and predictability of income distributions within diversified portfolios.