FBETYX

About FBETYX

First Trust Combined Series 312 Build America Bonds Portfolio Series 11 is a unit investment trust designed to provide regular income and capital preservation through a fixed portfolio of investment-grade taxable municipal bonds. These bonds are issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009, a program aimed at supporting infrastructure projects across the United States by encouraging municipalities to issue new taxable debt. The portfolio is professionally selected, emphasizing quality and diversification within the taxable municipal bond market. It typically appeals to investors seeking exposure to government-supported infrastructure initiatives while benefiting from predictable income streams. This investment product occupies a specialized role in the fixed-income sector by focusing on the unique Build America Bonds segment, which offers both competitive yields and backing from public entities. As a unit investment trust, it operates with a stated termination date and maintains a fixed set of holdings over its lifespan, distinguishing it from actively managed bond funds.