CS 601: Tax Exempt Municipal Income Trust, Series 311 is a unit investment trust focused on providing federally and, where applicable, state and local tax-exempt income. Its core strategy involves investing in a diversified portfolio of investment-grade municipal bonds, carefully selected for their credit quality and potential for reliable interest payments. The trust aims to preserve capital while offering regular income distributions, appealing primarily to investors seeking tax-advantaged income sources. With a weighted average maturity of around 21 years and a total of 25 holdings, the portfolio includes bonds issued by various U.S. municipalities and agencies, such as school districts and public utilities. As a regulated investment company, its structure is designed to pass through most interest income directly to unitholders. Distributions are typically made monthly, highlighting its role as an income-oriented investment vehicle within the broader municipal bond market. This trust provides a means for individuals and institutions to access municipal fixed income securities efficiently, diversifying individual credit and interest rate risks inherent in direct municipal bond investments.
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