FBNPOX

About FBNPOX

First Trust Combined Series 341 Build America Bonds Portfolio 10-20 Year Series 13 is a unit investment trust focused on generating income and preserving capital through a fixed portfolio of investment-grade taxable municipal bonds issued under the Build America Bond program established by the American Recovery and Reinvestment Act of 2009. The trust holds bonds generally maturing within the 10–20 year range, offering exposure to long-duration municipal credits while maintaining a defined termination profile typical of unit investment trusts. As taxable municipals, these bonds provide federally taxable interest and were issued during the program’s 2009–2010 window, with issuers benefiting from a federal subsidy or investor tax credits depending on bond type under the program’s structure. The portfolio is administered under a regulated investment company framework and distributes income monthly, aligning with its income-oriented mandate. Within the municipal market, the trust serves as a packaged solution for diversified access to Build America Bonds, emphasizing transparent holdings, a static portfolio, and a buy‑and‑hold approach until trust termination.