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Tax Exempt Municipal Income, 294  Ticker: FSKULX
 
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: FT294
Portfolio Status: Secondary
Initial Offer Date: 07/26/2016
Secondary Date: 08/24/2016
Wtd Avg Maturity: 19.8
ELTR Life: 16.1
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,170.4500
NAV(*): $946.4000
POP(*): Not Avail
PAR(*): $978.3000
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
33740E642 Monthly $2.4100 $39.3800
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02765ULM4 80,000 AMERICAN MUNI PWR-OHIO INC OHR 5%, due 02/15/2046  A OH 5.00000 02/15/2046M 02/15/2026 100.0000
167562QX8 100,000 CHICAGO IL MIDWAY ARPT REVENUE 5%, due 01/01/2046  A IL 5.00000 01/01/2046M 01/01/2026 100.0000
399532LJ7 105,000 GROVE CITY OH 4%, due 12/01/2044  NR OH 4.00000 12/01/2044M 12/01/2025 100.0000
407594HP8 20,000 HAMILTON MI CMNTY SCH DIST 3.125%, due 05/01/2046  AA MI 3.12500 05/01/2046M 11/01/2025 100.0000
45204EBX5 50,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 12/01/2046  NR IL 5.00000 12/01/2046M 06/01/2026 100.0000
486375HB7 135,000 KAWEAH CA DELTA HLTH CARE DIST 4%, due 06/01/2045  NR CA 4.00000 06/01/2045M 06/01/2025 100.0000
54811BQX2 180,000 LOWER COLORADO RIVER TX AUTH 4%, due 05/15/2042  A TX 4.00000 05/15/2042M 05/15/2026 100.0000
57582RJK3 225,000 MASSACHUSETTS ST 4%, due 04/01/2046  AA+ MA 4.00000 04/01/2046M 04/01/2025 100.0000
59261AHJ9 105,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2041  A- NY 4.00000 11/15/2041M 11/15/2026 100.0000
59333AMB4 105,000 MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 4%, due 04/01/2045  A- FL 4.00000 04/01/2045M 04/01/2025 100.0000
658187HB8 70,000 NORTH CAROLINA ST AGRIC & TECH 4%, due 10/01/2045  NR NC 4.00000 10/01/2045M 10/01/2025 100.0000
66702RNF5 225,000 NORTHSIDE TX INDEP SCH DIST 4%, due 08/15/2046  NR TX 4.00000 08/15/2046M 08/15/2026 100.0000
709224QF9 100,000 PENNSYLVANIA ST TURNPIKE COMMN TPK REV 5%, due 12/01/2041  NR PA 5.00000 12/01/2041M 06/01/2026 100.0000
756870AP6 125,000 RED RIVER EDU FIN CORP TX HGR EDU REV 4%, due 06/01/2041  BBB TX 4.00000 06/01/2041M 06/01/2026 100.0000
76218NAP2 200,000 RHODE ISLAND ST COMMERCE CORP ARPT REV 5%, due 07/01/2046  A RI 5.00000 07/01/2046M 07/01/2026 100.0000
83704AAA0 220,000 SOUTH CAROLINA ST JOBS-ECON DEV AUTH 5.25%, due 08/15/2046  NR SC 5.25000 08/15/2046M 08/15/2026 100.0000
924166JF9 100,000 VERMONT ST EDUCTNL & HLTH BLDG 4%, due 12/01/2042  A VT 4.00000 12/01/2042M 06/01/2026 100.0000
960470KU5 100,000 WESTLAKE OH CITY SCH DIST 4%, due 12/01/2043  AA+ OH 4.00000 12/01/2024R 12/01/2024 100.0000
 
Total Number of Holdings:    18


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.

Current Mortgage Backed Risk. Certain of the closed-end funds included in the portfolio invest in mortgage-backed securities. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

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.

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
33740E642 (Cash)
33740E659 (Cash-Wrap)
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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.
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