FYENGX

About FYENGX

First Trust Tax-Exempt Municipal Income 303 Fund is a unit investment trust focused on delivering federally and, where applicable, state and local tax-exempt income to investors. Established in August 2018, the fund invests primarily in a portfolio of high-quality municipal bonds issued by state and local governments across the United States. These bonds are generally investment grade, supporting both income generation and capital preservation objectives for the trust’s investors. The fund provides regular income distributions and is designed to appeal to those seeking tax-advantaged income, such as individuals in higher tax brackets or those looking to diversify fixed income allocations with municipal securities. With a recent yield near 4.4%, the fund offers exposure to the broad municipal bond market while pursuing lower credit risk relative to non-investment grade securities. Managed by First Trust Portfolios, this unit trust structure typically has a fixed portfolio and finite life, ending at a predetermined date, which further differentiates it from actively managed open-end or exchange-traded funds in the municipal bond space.