FAJGZX

About FAJGZX

First Trust Build America Bonds 10-20 Year, 7 Unit Investment Trust is a fixed-term investment vehicle that holds a curated portfolio of investment‑grade, taxable municipal bonds issued under the Build America Bond program created by the American Recovery and Reinvestment Act of 2009. Its primary objective is to distribute income and preserve capital through a professionally selected basket of bonds with maturities concentrated in the 10‑to‑20‑year range. The trust operates as a regulated investment company and follows a buy‑and‑hold strategy for the life of the trust, offering transparency into holdings and a defined termination timeline. By focusing on taxable municipals, it serves investors seeking municipal credit exposure without relying on tax‑exempt income, spanning sectors such as education, water infrastructure, transportation, and general governmental projects. The series structure—denoted by “7”—reflects a specific vintage with its own weighted average maturity and estimated life to redemption. Within the broader municipal market, the trust provides targeted access to Build America Bonds, which were designed to support public infrastructure financing while offering taxable bond income to investors.