FYSUZX

About FYSUZX

The First Trust Convertible & Income Select Closed-End and ETF Portfolio Series 1 is a unit investment trust designed to provide investors with both current monthly income and the potential for capital appreciation. Its investment strategy focuses on assembling a diversified portfolio of closed-end funds and exchange-traded funds (ETFs) that primarily invest in convertible securities. Convertible securities offer investors hybrid characteristics, combining features of both fixed income and equity instruments, which can provide income as well as participation in potential equity upside. By concentrating on funds that specialize in convertibles, the portfolio aims to balance risk and return while delivering regular distributions. This structure makes it appealing to those seeking a blend of steady income and growth within the broader fixed-income and equity markets. The trust is regulated as an investment company and has a predetermined life cycle, after which its assets are liquidated and proceeds distributed to investors. Its role in the financial market is to serve as a managed solution for investors looking for access to multiple fund managers and vehicles, enhancing both diversification and potential income sources within a single investment product.