AAMBYX

About AAMBYX

Advisors Asset Management Build America Bond Fund Y is a mutual fund focused on providing investors with current income and capital preservation by investing primarily in long-term Build America Bonds. These bonds, introduced under the American Recovery and Reinvestment Act of 2009, are taxable municipal securities issued by state and local governments to finance public projects. The fund's portfolio consists almost entirely of investment-grade Build America Bonds, offering a relatively stable source of income. While the interest on these bonds is subject to federal income tax, it may be exempt from state and local taxes for residents of the issuing state. The fund is designed for investors seeking exposure to municipal bonds with potentially higher yields compared to traditional tax-exempt municipal bonds. Over recent years, the fund has delivered a modest total return, reflecting its low-risk profile and emphasis on income generation rather than capital appreciation. Its role in the market is to serve as a diversifying fixed-income investment, particularly for those interested in municipal finance and infrastructure funding.