First Trust Investment Grade Municipal Trust, Series 31
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A fixed basket of investment-grade municipal bonds — loans that state and local governments issue to fund public projects like roads and schools — assembled by First Trust, a financial firm founded in 1991 by Robert Van Kampen, who first named it Nike Securities. Each "Series" is a buy-and-hold portfolio created at a single point in time, with the bond interest generally exempt from federal income.
First Trust Investment Grade Municipal Trust, Unit Trust 31
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