FXZVBX

About FXZVBX

First Trust 11145: Limited Duration Fixed Income ETF Portfolio, Series 54 is a unit investment trust designed to deliver current monthly income with a secondary goal of capital appreciation. It holds a curated basket of exchange-traded funds that invest in U.S. and foreign fixed‑income securities emphasizing limited duration, seeking to balance income generation with interest rate sensitivity management. The portfolio is structured as a regulated investment company and targets broad fixed‑income exposures, including investment‑grade corporates, floating‑rate notes, senior loans, and select mortgage‑backed and international corporate bonds via underlying ETFs. The trust follows a defined life, with an initial offer in December 2023 and a scheduled termination in December 2025, reflecting a buy‑and‑hold approach typical of unit investment trusts. Distributions are paid monthly, and the holdings are diversified across approximately 25 ETF positions, illustrating a multi‑sector, limited‑duration tilt aimed at stability across rate cycles. This structure provides transparent, rules‑based exposure to short‑maturity and floating‑rate segments, positioning the trust as a tool for income-focused investors seeking measured duration risk within a time‑bounded vehicle.