FYTCEX

About FYTCEX

First Trust Combined Series 513 Tax Exempt Municipal Income Trust is a unit investment trust designed to provide investors with income that is generally exempt from federal, and in some cases state and local, income tax. The primary objective of this trust is to deliver tax-advantaged income while seeking to preserve invested capital. It achieves this goal by holding a diversified portfolio of investment-grade municipal bonds, which are debt securities issued by state and local governments to fund public projects such as schools, hospitals, and infrastructure. The trust typically contains a fixed number of holdings—24 in this series—carefully selected for their credit quality and maturity profile, aiming for stability and steady tax-exempt income distribution. By pooling investments in municipal bonds, the trust serves individuals and institutions seeking predictable, tax-efficient income streams within a regulated investment company structure. Its role in the financial market centers on offering a transparent, passively managed option for investors who prioritize capital preservation and federal tax exemption on interest income.