FLRUJX

About FLRUJX

First Trust Build America Bonds 10-20 Year, 3 is a unit investment trust designed to deliver 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 holds a professionally selected basket of long‑dated municipals, generally maturing between ten and twenty years from the date of deposit, offering exposure to essential public‑purpose financing such as transportation, education, and health systems. Structured as a regulated investment company, it distributes income to unitholders, with monthly payout frequency and transparent metrics such as net asset value, par per unit, and estimated annual income published by the sponsor. The portfolio is static—securities are not actively traded—providing defined credit and duration characteristics over the life of the trust. Within the taxable municipal market, the strategy emphasizes investment‑grade quality and federally taxable coupons associated with the Build America Bonds program, positioning the trust as a targeted vehicle for investors seeking diversified access to long‑maturity taxable municipals with disciplined structure and reporting.