FWCBJX

About FWCBJX

First Trust Combined Series 323 Build America Bonds Portfolio 10-20 Year 6 is a unit investment trust designed to deliver taxable monthly income and capital preservation through a fixed portfolio of investment‑grade taxable municipal bonds issued under the Build America Bonds program of the American Recovery and Reinvestment Act of 2009. The portfolio concentrates on state and local government debt where interest to investors is federally taxable, while issuers may have received federal subsidies under the program; the trust and unitholders do not receive tax credits. Its 10–20 year focus targets intermediate to long maturities, aligning with the typical structure of Build America Bonds and the program’s limited 2009–2010 issuance window, which means underlying bonds can remain outstanding for decades. As a fixed, professionally selected basket, the trust emphasizes investment‑grade quality and seeks predictable cash flows over its estimated life, reflecting characteristics common to First Trust’s Build America Bonds series such as stated estimated long‑term return metrics and monthly distribution cadence. The product’s role in the market is to provide diversified access to taxable municipals, an asset class with historically lower default rates than comparably rated corporates, according to Moody’s data cited by First Trust.