FLDRGX

About FLDRGX

First Trust Portfolios L.P. - Build America Bonds Fund 18 is a unit investment trust designed to provide investors with steady income and preservation of capital. The fund invests in a professionally selected, fixed portfolio of investment grade taxable municipal bonds issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. These bonds are notable for their federal taxable status, but they receive backing through direct payment subsidies to issuers by the U.S. Treasury, broadening their appeal to a diverse range of investors, including pension funds and overseas buyers. The portfolio is composed of bonds from various issuers across the U.S., featuring high credit ratings and longer maturities, which positions the fund as a way to access municipal credit exposure with taxable income characteristics. By focusing on Build America Bonds, the fund contributes to infrastructure financing and economic development initiatives, making it a relevant instrument for those seeking participation in public funding programs while maintaining a primary goal of monthly income generation and capital preservation.