Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Tax Exempt Municipal Income Intermediate, 20  Ticker: FREBLX
 
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: TEIN20
Portfolio Status: Secondary
Initial Offer Date: 11/19/2015
Secondary Date: 12/31/2015
Wtd Avg Maturity: 1.8
ELTR Life: 1.6
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,181.9200
NAV(*): $863.3700
POP(*): Not Avail
PAR(*): $853.6000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/18/2024 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
33740C372 Monthly $0.9800 $34.9100
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
04084RAQ4 100,000 ARKANSAS DEV FIN AUTH HLTHCARE REV 5%, due 12/01/2026  A AR 5.00000 12/01/2026M 12/01/2025 100.0000
169309AK7 195,000 CHILTON CNTY AL HLTH CARE AUTH 5%, due 11/01/2025  NR AL 5.00000 11/01/2025M    
181059TY2 100,000 CLARK CNTY NV SCH DIST 5%, due 06/15/2026  AA- NV 5.00000 06/15/2026M 12/15/2025 100.0000
20774YWV5 100,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH N/C, 5%, due 07/01/2025  A- CT 5.00000 07/01/2025M    
548768EZ9 75,000 LOWNDES CNTY MS SCH DIST N/C, 4%, due 09/01/2025  A+ MS 4.00000 09/01/2025M    
59333PR91 70,000 MIAMI-DADE CNTY FL AVIATION REV N/C, 5%, due 10/01/2025  A FL 5.00000 10/01/2025M    
60534TY33 90,000 MISSISSIPPI ST DEV BANK SPL OBLG 5%, due 04/01/2027  A+ MS 5.00000 04/01/2027M 04/01/2026 100.0000
671579YL8 75,000 OAK PARK IL 3%, due 11/01/2025  AA IL 3.00000 11/01/2025M 04/14/2024 100.0000
671579YM6 55,000 OAK PARK IL 3%, due 11/01/2026  AA IL 3.00000 11/01/2026M 04/14/2024 100.0000
838779CB0 100,000 S MADISON IN ELEM SCH BLDG CORP N/C, 5%, due 07/15/2025  AA+ IN 5.00000 07/15/2025M    
798359LB9 110,000 SAN JUAN CNTY NM CENTRAL CONSOL INDEP SCH DIST 22 3%, due 08/01/2026  NR NM 3.00000 08/01/2026M 08/01/2024 100.0000
84129NJM2 50,000 SOUTHCENTRL PA GEN AUTH REVENUE 5%, due 11/01/2025  A- PA 5.00000 11/01/2025M    
850527KU5 80,000 SPRINGFIELD IL 5%, due 12/01/2025  AA IL 5.00000 12/01/2025M    
86476PRF7 125,000 SUFFOLK CNTY NY 5%, due 05/01/2026  AA- NY 5.00000 05/01/2026M 05/01/2024 100.0000
8827564N6 25,000 TEXAS ST PUBLIC FIN AUTH N/C, 5%, due 12/01/2024  NR TX 5.00000 12/01/2024M    
968639BD5 65,000 WILL & KANKAKEE CNTYS IL SCH DIST 255 3.50%, due 06/01/2027  NR IL 3.50000 06/01/2027M 06/01/2025 100.0000
968639BA1 70,000 WILL & KANKAKEE CNTYS IL SCH DIST NO 255 N/C, 5%, due 06/01/2024  NR IL 5.00000 06/01/2024M    
 
Total Number of Holdings:    17


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.

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
33740C372 (Cash)
33740C380 (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.