FTBSLX

About FTBSLX

First Trust Combined Series 311 Build America Bonds Portfolio 10-20 Years 2 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 holds a professionally selected basket of long-intermediate maturities, targeting bonds generally in the 10–20 year range, with a regulated investment company structure and monthly income distributions. As a static portfolio, it does not actively trade; instead, it seeks predictable cash flows from issuer interest payments over the trust’s estimated life. Build America Bonds finance public infrastructure such as transportation, education, and healthcare facilities, and historically have offered higher taxable coupons than traditional tax-exempt municipals due to their structure. In the market ecosystem, this trust provides access to diversified taxable municipal exposure with transparent holdings, defined life, and daily reported net asset value and distribution metrics, offering a specialized sleeve for investors aligning income needs with municipal credit quality in the taxable space.