First Trust Strategic Income Select 74 Series is a unit investment trust designed to provide a high rate of current monthly income, with capital appreciation as a secondary objective. The trust achieves its goals by investing in a diversified portfolio of closed-end funds, spanning multiple sectors such as utilities, energy infrastructure, financials, and preferred income securities. The strategy focuses on creating a consistent stream of income for investors, distributing returns on a monthly basis. Structured as a regulated investment company, this trust offers a fixed portfolio over a predetermined term, from its launch in April 2024 through its scheduled termination in April 2026. The underlying closed-end funds are selected for their income-generating potential and sector exposure, giving investors access to various market segments through a single investment vehicle. The trust operates on a buy-and-hold basis, meaning the portfolio composition remains stable throughout its life to limit turnover and provide transparent exposure to the chosen asset mix. The First Trust Strategic Income Select 74 Series serves as a tool for those seeking broad fixed income diversification and stable monthly distributions within the U.S. financial market.
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