FTLNJX

About FTLNJX

First Trust Combined Series 357 Build America Bonds Portfolio 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 provisions of the American Recovery and Reinvestment Act of 2009. According to the sponsor, the trust holds a professionally selected basket of long‑dated municipal securities, with monthly distributions and a regulated investment company tax structure. The portfolio emphasizes credit quality and diversification across issuers such as school districts, utilities, and transportation or infrastructure projects, reflecting the program’s focus on capital investments by state and local governments. As a defined portfolio, it is not actively managed after the initial deposit, and its holdings amortize as bonds mature or are called, aligning remaining life and maturity metrics with the trust’s time horizon. Within the taxable municipal market, the portfolio’s role is to provide investors access to Build America Bond exposure in a packaged format, offering transparent holdings, stated income estimates, and a finite life typical of unit investment trusts.