First Trust Combined Series 300 Build America Bonds Portfolio Series 4 is a unit investment trust focused on delivering income and capital preservation to investors. This portfolio exclusively holds a fixed selection of investment grade taxable municipal bonds issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. Build America Bonds are notable for being taxable, unlike most traditional municipal bonds, while providing municipalities with federal subsidies to offset interest costs, allowing these entities to raise capital for essential infrastructure and public projects. The portfolio adheres to a professionally chosen, static set of bonds throughout its life, targeting predictable monthly income distributions for investors. As a regulated investment company, its structure emphasizes transparency and fixed income management. The portfolio primarily serves income-focused investors seeking exposure to government-backed, investment-grade credit within the broader taxable fixed income market, often chosen by those who wish to diversify beyond standard municipal or corporate bond funds. This asset plays a significant role in supporting infrastructure investment while offering steady returns in the fixed income sector.
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