First Trust Combined Series 374 registers Investment Grade units

By Toni Weeks

San Diego, Feb. 10 - First Trust Combined Series 374 has registered units of its Investment Grade Multi-Asset Income Portfolio, Long Term Series, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The trust will seek current income and capital preservation by investing primarily in a portfolio of investment-grade taxable municipal bonds and corporate debt obligations.

The units will each carry a maximum sales charge of 3.95%. Investments of at least $100,000 will be eligible for a reduced sales charge based on the amount of the investment.

The initial date of deposit is scheduled for March.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.