FPNDAX

About FPNDAX

First Trust Combined Series 336 Build America Bonds is a unit investment trust designed to deliver income and preserve capital by holding a fixed portfolio of investment‑grade, taxable municipal bonds issued under the Build America Bond provisions of the American Recovery and Reinvestment Act of 2009. The portfolio focuses on bonds where interest to investors is federally taxable, while issuers received a federal subsidy intended to lower net borrowing costs and support infrastructure investment during 2009–2010. These securities finance public projects such as transportation, water and sewer systems, schools, and other civic facilities, giving investors exposure to essential‑service revenue and general government credits. As a defined‑term trust, it follows a buy‑and‑hold approach with monthly income distributions, reflecting the underlying bonds’ coupons and maturities. The strategy emphasizes investment‑grade quality and diversified municipal issuers across states and sectors, positioning the trust as a vehicle for taxable income sourced from public infrastructure finance within the municipal market.