FWRLTX

About FWRLTX

First Trust 361 Tax-Exempt Fund is a unit investment trust focused on generating income that is exempt from federal—and where applicable, state and local—income taxes by investing in a diversified portfolio of municipal bonds. According to First Trust materials for similar Tax-Exempt Municipal Income series, these portfolios emphasize investment-grade issuers and capital preservation, reflecting a defined basket of bonds held to a specified termination date within a regulated investment company structure. The trust structure provides transparent holdings, monthly distributions, and a finite life, distinguishing it from open-end funds and enabling a buy-and-hold approach aligned with the underlying bond maturities and call schedules. Within the municipal market, the fund’s role is to channel capital to state and local governments and revenue authorities while offering investors access to tax-advantaged cash flows. Public materials and listings identify this series under the First Trust Combined Series umbrella of Tax Exempt Municipal Income trusts, with performance and distribution data tracked by market services.