FLYNRX

About FLYNRX

First Trust Combined Series 358: Build America Bonds Portfolio, Series 30 is a unit investment trust that focuses on providing income and capital preservation through a fixed portfolio of investment grade taxable municipal bonds. The portfolio is comprised of bonds issued under the Build America Bonds program, a provision of the American Recovery and Reinvestment Act of 2009, which allowed municipalities to issue taxable debt with federal subsidies to support public infrastructure and community projects. This trust is designed to deliver regular income distributions to investors, with holdings spanning various sectors of municipal finance such as utilities and education. The selection process emphasizes credit quality, targeting bonds with strong ratings to balance income potential and risk. As a regulated investment company, it is structured to pass through income and gains to investors, and operates with a set maturity and a transparent, static portfolio approach. The trust serves investors seeking a defined, professionally constructed exposure to taxable municipal debt, distinct from traditional tax-exempt municipal bond portfolios, and plays a specialized role in diversifying fixed income strategies within the broader financial market.