FCHDMX

About FCHDMX

First Trust Combined Series 334 Build America Bonds Portfolio 10-20 Year Series 10 is a unit investment trust designed to provide income generation and capital preservation through a professionally selected, fixed portfolio of investment grade taxable municipal bonds. These bonds, known as Build America Bonds, were authorized under the American Recovery and Reinvestment Act of 2009 and are federally taxable obligations issued by state and local governments, typically for public infrastructure projects. The portfolio specifically focuses on bonds with maturities ranging between 10 and 20 years, targeting a blend of moderate duration and stability. As a regulated investment company, the trust passes through income to investors, with distributions typically made on a monthly basis. This asset plays a niche role in the financial market by offering exposure to high-quality municipal debt with taxable interest, differentiating it from traditional tax-exempt municipal bond funds and allowing investors to diversify their fixed income allocations while supporting public sector financing initiatives.