FGBKMX

About FGBKMX

First Trust Combined Series 359: Build America Bonds Portfolio, Series 31 is a unit investment trust designed to provide investors with regular income and capital preservation. Its portfolio consists of investment-grade taxable municipal bonds issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. The primary purpose of this trust is to generate income through interest payments from these municipal securities, which are selected by professional managers for their credit quality and potential yield. This portfolio offers exposure to the municipal bond sector, an important area for funding public infrastructure projects, such as transportation, schools, and utilities, across the United States. The trust’s structure is fixed, meaning the underlying bond holdings are not actively traded but held to maturity or called. By focusing on Build America Bonds, the portfolio appeals to investors seeking lower risk and steady cash flow in taxable fixed-income markets, contributing to the efficient financing of critical governmental projects and offering an alternative to traditional tax-exempt municipal bonds.