Cover |
Jun. 18, 2026 |
|---|---|
| Cover [Abstract] | |
| Amendment Flag | false |
| Entity Central Index Key | 0002124094 |
| Document Type | S-6 |
| Entity Registrant Name | FT 13031 |
| Document Period End Date | Jun. 18, 2026 |
| Definition of Rule 35d-1 Term in Fund Name [Text Block] |
Objectives. The Trust seeks a high rate of current monthly income, with capital appreciation as a secondary objective. Under normal circumstances, the Trust will invest at least 80% of its assets in closed-end funds which invest at least 80% of their assets in high-yield and/or income-producing bonds. |
| Selection Criteria for Rule 35d-1 Term in Fund Name [Text Block] |
Portfolio Selection Process. The Trust is comprised of a well-diversified pool of closed-end funds that invest in U.S. and foreign high-yield bonds. The Closed-End Funds were selected by our research department based on a number of factors including, but not limited to, the size and liquidity of the Closed-End Fund, the current dividend yield of the Closed-End Fund, the quality and character of the securities held by the Closed-End Fund, and the expense ratio of the Closed-End Fund, while attempting to limit the overlap of the securities held by the Closed-End Funds. While not a part of the Trust’s portfolio selection process, the Trust has exposure to floating-rate securities, investment grade securities, limited duration bonds, senior loans and covenant-lite loans through the Trust’s investment in the Funds. As with any similar investments, there can be no guarantee that the objectives of the Trust will be achieved. See “Risk Factors” for a discussion of the risks of investing in the Trust. |