FDRUNX

About FDRUNX

First Trust Combined Series 355: Build America Bonds Portfolio, Series 29 is a unit investment trust designed to provide investors with regular income and capital preservation. This portfolio invests in a professionally selected, fixed collection of investment grade taxable municipal bonds that were issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. These bonds offer taxable interest but may provide higher after-tax returns compared to other taxable bonds because issuers receive federal subsidies, enhancing their appeal for both issuers and investors. The trust aims to distribute income monthly, drawing from a diversified pool of bonds used to finance broad public-sector projects, such as infrastructure, utilities, transportation, and general governmental purposes. Its structure is regulated as a registered investment company, with a stated termination date, ensuring a defined investment period and orderly return of principal at maturity. First Trust Combined Series 355 plays an important role in the market by making federally-supported municipal finance accessible to individual investors seeking a balance of income potential and capital security, while also supporting significant public works projects across the United States.