FDEANX

About FDEANX

First Trust Build America Bonds 10-20 Year, 14 is a unit investment trust focused on investment‑grade taxable municipal debt issued under the Build America Bond provisions of the American Recovery and Reinvestment Act of 2009. Its primary objective is to provide income and preserve capital through a professionally selected, fixed portfolio structure, meaning the holdings are set at inception and held to termination. The trust targets the intermediate segment of the municipal curve—roughly ten to twenty years—capturing longer-duration income characteristics while remaining within a defined maturity band. As a regulated investment company, it distributes income to unitholders on a scheduled basis, reflecting cash flows from the underlying municipal issuers. By concentrating on Build America Bonds, the portfolio channels capital to public‑purpose infrastructure such as transportation, utilities, and essential services, linking investor cash flows to broad economic development initiatives. In the secondary market, the trust’s net asset value and estimated income metrics are published by the sponsor to support transparency on portfolio value and cash generation. This series format situates the trust within a broader lineup of taxable municipal UITs that segment portfolios by maturity and issue cohorts.