AAMBHX

About AAMBHX

AAM Build America Bond Fund Class A is a unit investment trust primarily composed of long-term Build America Bonds. Its main purpose is to provide investors with current income and capital preservation through investments in a portfolio of taxable municipal bonds, specifically those issued as part of the Build America Bonds program. This fund typically holds debt instruments backed by U.S. municipalities, serving institutions and individuals seeking income from municipal sources but within a taxable framework. Build America Bonds are known for their federal subsidies to issuers, which can enhance credit quality and, potentially, after-tax yield. The fund is structured as a regulated investment company and is designed to distribute regular income while maintaining a focus on principal stability, making it a notable option for those interested in diversified municipal exposure outside of tax-free vehicles. It plays a significant role in the market by facilitating capital for public infrastructure projects and offering a tailored investment solution for those seeking bond market diversification and predictable cash flows.