CS63 Tax Exempt Municipal Income Trust is a unit investment trust designed to provide investors with a stream of income exempt from federal—and potentially state and local—income taxes. The trust primarily invests in a diversified portfolio of investment-grade municipal bonds issued by various state and local governmental entities. These bonds typically fund public projects such as infrastructure, schools, and health facilities. The trust’s primary function is to offer tax-advantaged income while aiming to preserve capital, catering to individuals seeking predictable, tax-exempt cash flows. CS63 Tax Exempt Municipal Income Trust holds a static portfolio for a set term, meaning the underlying bonds are selected at inception and generally held to maturity, reducing reinvestment risk and providing transparency into expected maturity and yield profiles. This structure is appealing to investors looking to manage their tax liabilities and access diversified municipal bond exposure within a single investment vehicle. Overall, the trust serves an important role in providing fixed-income investors access to municipal markets while emphasizing tax efficiency and capital preservation within the financial sector.
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