Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Tax Exempt Municipal Income Intermediate, 25  Ticker: FMZQSX
 
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: TEIN25
Portfolio Status: Secondary
Initial Offer Date: 07/12/2016
Secondary Date: 08/10/2016
Wtd Avg Maturity: 2.0
ELTR Life: 1.9
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,242.8200
NAV(*): $998.4700
POP(*): Not Avail
PAR(*): $987.9000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/27/2024 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
33740E618 Monthly $2.3600 $40.3800
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
070321NA8 70,000 BASTROP TX 4%, due 08/01/2027  AA TX 4.00000 08/01/2027M 08/01/2026 100.0000
19648AZ32 100,000 COLORADO ST HLTH FACS AUTH REV 5%, due 09/01/2026  NR CO 5.00000 09/01/2025R 09/01/2025 100.0000
239847HL3 100,000 DAYTON OH CITY SCH DIST N/C, REF, 5%, due 11/01/2026  NR OH 5.00000 11/01/2026M    
243127TX5 100,000 DECATUR IL 4%, due 03/01/2027  A IL 4.00000 03/01/2027M 04/26/2024 100.0000
272101BT2 60,000 EAST DUNDEE IL 3%, due 12/01/2026  AA IL 3.00000 12/01/2026M 12/01/2024 100.0000
286678AP2 100,000 ELIZABETH NJ 3%, due 04/01/2027  AA NJ 3.00000 04/01/2027M 04/01/2025 100.0000
384201EC9 205,000 GRADY CNTY OK SCH FIN AUTH EDU FACS LEASE REV N/C, 5%, due 12/01/2024  BBB+ OK 5.00000 12/01/2024M    
407594HF0 105,000 HAMILTON MI CMNTY SCH DIST 3%, due 11/01/2027  AA MI 3.00000 11/01/2027M 11/01/2025 100.0000
491196RK9 80,000 KENTUCKY ST ASSN OF CNTYS FIN CORP 3%, due 02/01/2027  AA- KY 3.00000 02/01/2027M 02/01/2026 100.0000
49151FRG7 125,000 KENTUCKY ST PROPERTY & BLDGS COMMN N/C, 5%, due 04/01/2024  A KY 5.00000 04/01/2024M    
52480RDL1 60,000 LEHIGH CNTY PA GEN PURPOSE AUTH REV N/C, 5%, due 11/01/2026  AA PA 5.00000 11/01/2026M    
59333AGN5 30,000 MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 5.25%, due 04/01/2025  A- FL 5.25000 04/01/2025M    
613316DD7 95,000 MONTGOMERY CNTY KS UNIF SCH DIST NO 446 5%, due 09/01/2027  AA KS 5.00000 09/01/2026R 09/01/2026 100.0000
646066JZ4 100,000 NEW JERSEY ST EDUCTNL FACS AUTH REV N/C, REF-SER B, 5%, due 07/01/2025  AA NJ 5.00000 07/01/2025M    
647719NB5 110,000 NEW ORLEANS LA SEWAGE SVC REVENUE 5%, due 06/01/2027  A LA 5.00000 06/01/2024R 06/01/2024 100.0000
70914PC26 105,000 PENNSYLVANIA ST N/C, 5%, due 09/15/2026  AA PA 5.00000 09/15/2026M    
76218NAA5 25,000 RHODE ISLAND ST COMMERCE CORP ARPT REV N/C, 5%, due 07/01/2026  A RI 5.00000 07/01/2026M    
779120FY5 80,000 ROUND LAKE BEACH IL 4%, due 01/01/2027  NR IL 4.00000 01/01/2027M 01/01/2026 100.0000
837031UW1 105,000 SOUTH CAROLINA ST JOBS-ECON DEV AUTH N/C, 5%, due 04/01/2026  A- SC 5.00000 04/01/2026M    
857536UT1 90,000 ST UNIV OF IOWA UNIV REVENUE 3%, due 07/01/2028  AA IA 3.00000 07/01/2028M 07/01/2025 100.0000
967222UU2 90,000 WICHITA FALLS TX WTR & SWR REV N/C, 5%, due 08/01/2026  A+ TX 5.00000 08/01/2026M    
969003PL0 100,000 WILL CNTY IL CMNTY UNIT SCH DIST NO 201 N/C, 5%, due 01/01/2026  AA IL 5.00000 01/01/2026M    
 
Total Number of Holdings:    22


Risk Considerations

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

Fund Cusip Information
33740E618 (Cash)
33740E626 (Cash-Wrap)
Printer Friendly Page Printer Friendly Page

 
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.