AAMBTX

About AAMBTX

Advisors Disc Tr 565 Build America Bond and SMC FIM Mutual Fund UIT Supplement Series 15 is a Unit Investment Trust (UIT) designed to provide investors with access to a fixed portfolio of taxable municipal bonds, specifically emphasizing Build America Bonds. These bonds were introduced under the American Recovery and Reinvestment Act of 2009 to help finance public infrastructure projects, offering taxable interest income and a federal subsidy to issuers. The portfolio is curated and managed by professionals, aiming to deliver current income and preserve capital over its defined life. By focusing on Build America Bonds, this UIT generally targets high-quality, investment grade municipal securities that play a critical role in funding infrastructure developments across various sectors. As a UIT, the fund is typically structured as a Regulated Investment Company (RIC), which maintains a static portfolio until its maturity, providing transparency and predictable cash flows to investors. This type of product appeals to those seeking diversified exposure to U.S. infrastructure and municipal credit, while benefiting from the professional selection and oversight inherent in UIT structures.