FLLAWX

About FLLAWX

First Trust Build America Bonds, 36 is a unit investment trust designed to distribute income and preserve capital through a fixed portfolio of investment‑grade, taxable municipal bonds issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. The trust’s portfolio is professionally selected and remains static over its life, providing defined exposure to long‑dated municipal issuers while emphasizing credit quality and transparency characteristic of investment‑grade securities. It follows a regulated investment company tax structure and pays income on a monthly basis, aligning the vehicle with investors seeking predictable cash flows from municipal infrastructure‑related debt. The series format situates this trust within a broader Build America Bond lineup, offering targeted access to federally taxable municipal financing used for public projects such as transportation, utilities, and education facilities. With a weighted average maturity profile measured in years and explicit disclosures of risks typical to municipal and insurance‑enhanced bonds, the trust serves as a specialized fixed‑income allocation focused on the taxable muni segment created during the post‑crisis fiscal stimulus era.