First Trust Strategic Income Fund

First Trust Strategic Income Fund is a unit investment trust designed to generate high current income by investing in a diversified portfolio of closed-end funds. These underlying funds primarily hold U.S. and foreign taxable bonds, providing broad exposure across multiple fixed-income sectors and geographies. The fund aims to deliver regular monthly income to its investors, with capital appreciation serving as a secondary objective. Each series of the portfolio is structured with a defined maturity date and operates as a regulated investment company, distributing income in accordance with requirements for such vehicles. By combining numerous underlying closed-end funds, First Trust Strategic Income Fund seeks to balance income generation with risk through diversification, playing a distinct role in income-focused investment strategies within the financial market.