FZCDUX

About FZCDUX

FT 10948: Corporate Investment Grade Laddered Portfolio, Series 25 – Cash is a unit investment trust focused on providing current income and capital preservation through a laddered portfolio of investment‑grade corporate bonds. The trust structures holdings across staggered maturities, reinvesting proceeds from maturing bonds into longer-dated issues to maintain the ladder and help manage interest rate exposure. According to the sponsor’s materials, this series emphasizes high-quality issuers and transparent holdings, aligning with a buy‑and‑hold approach complemented by ongoing credit monitoring to address potential downgrades or deteriorating fundamentals. The Cash designation indicates a version of the series oriented to cash or brokerage wrap platforms, with distinct CUSIPs for cash and cash‑wrap units. This laddered approach is commonly used in corporate bond strategies to balance income generation, liquidity, and duration control across sectors such as communications, technology, capital goods, energy, and financials typical of diversified investment‑grade universes. Within the market, it serves investors seeking structured access to corporate credit with a defined termination date and disciplined reinvestment mechanics characteristic of laddered portfolios.