Advisors Disciplined Trust 639 Build America Bond Limited Maturity Portfolio is a unit investment trust designed to deliver steady income and preserve capital through a fixed portfolio of taxable municipal securities issued as Build America Bonds. These bonds were created under the American Recovery and Reinvestment Act of 2009 and provide issuers with federal interest subsidies, resulting in taxable income streams for investors. The portfolio focuses on investment-grade credits and targets a limited maturity profile—generally around 10 to 20 years from inception—to balance income generation with interest rate sensitivity. Its structure as a regulated investment company supports transparent distribution practices and periodic income payments. By concentrating in Build America Bonds, the trust channels capital to public infrastructure and essential services across sectors such as transportation, utilities, and general obligation finance, linking investor cash flows to large-scale municipal projects. As a defined, professionally selected portfolio, it follows a buy-and-hold approach until termination, offering a clear mandate centered on current income and capital preservation within the taxable municipal bond market.
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