FLUTHX

About FLUTHX

First Trust Build America Bonds Fund is a unit investment trust focused on providing investors with income distribution and capital preservation. The fund primarily invests in a fixed portfolio of investment grade taxable municipal bonds, all of which are issued under the Build America Bond provision of the American Recovery and Reinvestment Act of 2009. These bonds are noteworthy because they are taxable municipal securities, typically used to finance public infrastructure and community projects across the United States. The fund’s core objective is to deliver a consistent income stream, with distributions typically made on a monthly basis, while maintaining the principal value of its holdings by selecting high-quality, investment-grade debt instruments. This structure appeals to investors seeking exposure to municipal bonds with a unique tax treatment and government backing. By concentrating on Build America Bonds, the fund plays a significant role in channeling capital into essential public projects, thereby supporting infrastructure initiatives and stimulating economic development through the municipal fixed income market.