Tax Exempt Municipal Income Intermediate, 29  Ticker: FSCORX
 
Description
This unit investment trust seeks investors with income exempt from federal and applicable state and local income tax and to preserve capital by investing in a portfolio of investment grade municipal bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TEIN29
Portfolio Status: Secondary
Initial Offer Date: 03/21/2017
Secondary Date: 05/03/2017
Wtd Avg Maturity: 3.0
ELTR Life: 2.4
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,156.9700
NAV(*): $959.1700
POP(*): Not Avail
PAR(*): $943.3000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/28/2024 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any applicable organization costs and sales charges. The Net Asset Value (NAV) represents the value per unit of a trust’s portfolio securities and other assets reduced by applicable deferred sales charges and other liabilities.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
33739U425 Monthly $2.4700 $40.2600
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
107431KM9 130,000 BREVARD CNTY FL SCH BRD CTFS PARTN 5%, due 07/01/2027  NR FL 5.00000 07/01/2027M 07/01/2025 100.0000
13032UGC6 120,000 CALIFORNIA ST HLTH FACS FING AUTH 4%, due 03/01/2029  A- CA 4.00000 03/01/2029M 03/01/2026 100.0000
167562MT1 100,000 CHICAGO IL MIDWAY ARPT REVENUE 4.125%, due 01/01/2025  A IL 4.12500 01/01/2025M 04/26/2024 100.0000
199795MY8 180,000 COMAL CNTY TX 3%, due 02/01/2029  NR TX 3.00000 02/01/2029M 02/01/2026 100.0000
20772JD25 135,000 CONNECTICUT ST 5%, due 06/15/2027  AA- CT 5.00000 06/15/2027M 06/15/2025 100.0000
283484EB5 210,000 EL PASO CNTY CO SCH DIST 49 CTFS PARTN 5%, due 12/15/2027  NR CO 5.00000 12/15/2027M 12/15/2026 100.0000
283839YW2 125,000 EL RANCHO CA UNIF SCH DIST 5%, due 08/01/2028  AA CA 5.00000 08/01/2028M 08/01/2027 100.0000
45663NBQ4 100,000 INFIRMARY HLTH SYS AL SPL CARE FACS 5%, due 02/01/2028  A- AL 5.00000 02/01/2028M 02/01/2026 100.0000
45663NBP6 100,000 INFIRMARY HLTH SYS AL SPL CARE FACS FING AUTH REV 5%, due 02/01/2027  A- AL 5.00000 02/01/2027M 02/01/2026 100.0000
567313GB1 100,000 MARICOPA CNTY AZ UNIF SCH DIST NO 60 3%, due 07/01/2027  AA AZ 3.00000 07/01/2027M 07/01/2026 100.0000
57584XJV4 125,000 MASSACHUSETTS ST DEV FIN AGY REV 5%, due 07/01/2028  BBB+ MA 5.00000 07/01/2028M 07/01/2026 100.0000
656178DG2 165,000 NORMAN OK REGL HOSP AUTH HOSP REV N/C, 5%, due 09/01/2026  BBB- OK 5.00000 09/01/2026M    
70914PXA5 100,000 PENNSYLVANIA ST 5%, due 03/15/2027  A+ PA 5.00000 03/15/2027M 03/15/2025 100.0000
74444YAJ3 215,000 PUBLIC FIN AUTH WI LEASE DEV REV N/C, 5%, due 03/01/2026  NR WI 5.00000 03/01/2026M    
776154VJ2 160,000 ROMEOVILLE IL 2%, due 12/30/2027  NR IL 2.00000 12/30/2027M 12/30/2025 100.0000
77615NAP9 100,000 ROMEOVILLE IL REVENUE 5%, due 10/01/2026  BBB IL 5.00000 10/01/2026M 04/01/2025 100.0000
80585TCB5 150,000 SCAGO SC EDUCTNL FACS CORP FOR PICKENS 5%, due 12/01/2025  A SC 5.00000 12/01/2025M 06/01/2025 100.0000
85732GUX6 75,000 STATE PUBLIC SCH BLDG AUTH PA LEASE REV 5%, due 10/01/2026  AA PA 5.00000 10/01/2026M 10/01/2025 100.0000
914727CK6 95,000 UNIV OF NORTH FLORIDA FL FING CORP 5%, due 11/01/2027  A- FL 5.00000 11/01/2027M 11/01/2026 100.0000
961017QM5 130,000 WESTMORELAND CNTY PA MUNI AUTH 5%, due 08/15/2026  AA PA 5.00000 08/15/2026M 08/15/2025 100.0000
967222UU2 150,000 WICHITA FALLS TX WTR & SWR REV N/C, 5%, due 08/01/2026  A+ TX 5.00000 08/01/2026M    
982674LK7 120,000 WYANDOTTE CNTY/KANSAS CITY KS UNIF GOVT N/C, 5%, due 09/01/2026  A KS 5.00000 09/01/2026M    
 
Total Number of Holdings:    22


Risk Considerations

Buy & Hold Risk – Tax-Free Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

COVID-19 Economic Impact Risk. The ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

Insurance Risks. Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bonds from insurance companies. There can be no assurance that any insurer will be able to satisfy its commitments in the event claims are made in the future.

Municipal Bonds Risk. Municipal bonds are subject to numerous risks, including higher interest rates, economic recession, deterioration of the municipal bond market, possible downgrades and defaults of interest and/or principal.

Municipal Securities Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers. The markets for credit instruments, including municipal securities, have experienced periods of extreme illiquidity and volatility.

Volatility Risk. The value of the securities held by the trust may be subject to steep declines or increased volatility due to changes in performance or perception of the issuers.

Operational Risk. As the use of Internet technology has become more prevalent in the course of business, the trust has become more susceptible to potential operational risks through breaches in cybersecurity.

Estimated current return is determined by dividing a Trust's estimated net annual interest income per unit by the public offering price per unit. Estimated long-term return is a measure of the estimated return over the estimated life of a Trust. Unlike estimated current return, estimated long-term return reflects maturities, estimated principal prepayments, Trust charges and expenses, and discounts and premiums of securities in a Trust. Returns and prices will fluctuate. Consult a prospectus for a more complete description of the estimated current return and estimated long-term return calculations.

Some of the information may have been obtained from third parties, including ratings from credit ratings agencies such as Standard & Poor's. Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party. Third party content providers do not guarantee the accuracy, completeness, timeliness or availability of any information, including ratings, and are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or for the results obtained from the use of such content. THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. THIRD PARTY CONTENT PROVIDERS SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, EXEMPLARY, COMPESATORY, PUNITIVE, SPECIAL OR CONSEQUENTIAL DAMAGES, COSTS, EXPENSES, LEGAL FEES, OR LOSSES (INCLUDING LOST INCOME OR PROFITS AND OPPORTUNITY COSTS) IN CONNECTION WITH ANY USE OF THEIR CONTENT, INCLUDING RATINGS. Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase, hold or sell securities. They do not address the suitability of securities or the suitability of securities for investment purposes, and should not be relied on as investment advice. Please see the prospectus for a full description of the bond ratings.

You should carefully consider the trust's investment objectives, risks, and charges and expenses before investing. Contact your financial professional or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus, which contains this and other information about the trust. Read it carefully before you invest.

This product information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state to any person to whom it is not lawful to make such an offer. Sales of any of these securities must include prospectus delivery and the services of a retail broker/dealer duly licensed in the appropriate states.

Not FDIC Insured, Not Bank Guaranteed and May Lose Value.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.