FWMPJX

About FWMPJX

First Trust Tax-Exempt Municipal Income 10–20 Year is a unit investment trust focused on generating federally tax-exempt income while preserving capital. The trust assembles a fixed portfolio of investment-grade municipal bonds with maturities primarily between ten and twenty years, providing exposure to long-dated state and local government financing across sectors such as general obligation, essential services, transportation, education, and healthcare. As a buy-and-hold structure, it does not actively trade; instead, it distributes interest income—typically monthly—until the trust terminates, offering transparent holdings, defined life, and predictable cash flows relative to active funds. The strategy aims to balance duration-driven income with high credit quality, targeting bonds rated in the investment-grade spectrum and issued to fund public infrastructure and essential projects. Positioned within the tax-advantaged fixed income segment, First Trust Tax-Exempt Municipal Income 10–20 Year serves investors seeking consistent, tax-exempt cash flow and diversified municipal exposure over an intermediate-to-long horizon, with risk and return characteristics tied to municipal credit fundamentals, interest rate movements, and the trust’s stated termination date.