First Trust Combined Series 310 Build America Bonds Portfolio Series 10 is a unit investment trust focused on providing investors with income and capital preservation through a fixed portfolio of Build America Bonds. These bonds are investment-grade taxable municipal securities that were created under the American Recovery and Reinvestment Act of 2009. The primary objective of this portfolio is to deliver a steady stream of taxable income by investing in a diverse selection of municipal bonds issued by state and local governments to finance public infrastructure projects, such as schools, transportation, and utilities. The portfolio's structure is designed to hold the bonds until maturity, offering predictable cash flows and a transparent investment approach. This series plays a notable role within the municipal bond market by supporting national infrastructure financing while appealing to investors seeking stable, taxable income and diversification away from traditional tax-exempt municipal debt. Through its focus on Build America Bonds, the portfolio contributes to both local economic development and the broader fixed-income landscape.
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