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Tax Exempt Municipal Income, 249  Ticker: FTIMSX
 
Description
This unit investment trust seeks to provide 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.
 
Summary
Product Code: FT249
Portfolio Status: Secondary
Initial Offer Date: 09/10/2009
Secondary Date: 09/21/2009
Wtd Avg Maturity: 5.1
ELTR Life: 3.4
Tax Structure: RIC
 
Initial Offer Price: $1,001.7200
NAV(*): $936.9900
POP(*): $967.9700
PAR(*): $869.2000
* As of Trade Date: 10/24/2014 4:00pm ET

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
33735L361 Monthly $2.1400 $40.4100 4.170% 1.037%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
Date
Next
Call Date
Call
Price
09088RTH9 360,000 BIRMINGHAM ALA GO BDS, REF-CAP IMPT-SER A, 5%, due 12/01/2023  AA AL 5.00000 12/01/2023M 12/01/2016 100.0000
130493AQ2 250,000 CALIFORNIA MUN FIN AUTH CTFS PARTN CMNTY HOSPS CENTRAL CALIF, 5%, due 02/01/2022  BBB CA 5.00000 02/01/2022M 02/01/2017 100.0000
176553EE1 345,000 CITIZENS PROPERTY INSURANCE CORP FLA N/C, SR SECD-HIGH ACT-A-1, 5.50%, due 06/01/2017  A+ FL 5.50000 06/01/2017M    
287461EJ2 325,000 ELKHART CNTY IND REF BDS, CORRECTIONS COMPLEX, 3%, due 12/01/2023  AA IN 3.00000 12/01/2023M 12/01/2016 100.0000
358229CM2 255,000 FRESNO CALIF SWR REV SER A1, 5.25%, due 09/01/2019  AA+ CA 5.25000 09/01/2019M    
526432BR9 355,000 LEON CNTY FLA COPS SCH BRD MASTER LEASE, 5%, due 07/01/2023  AA FL 5.00000 07/01/2023M 07/01/2016 100.0000
54456FAK8 280,000 LOS ANGELES CALIF HSG AUTH MTG REV N/C, PPTY ACQUISITION REF-SER A, 5.20%, due 06/01/2019  BB+ CA 5.20000 06/01/2019M    
57586C4B8 375,000 MASSACHUSETTS HLTH & EDL FACS AUTH REV N/C, CAREGROUP-SER E2, 5%, due 07/01/2017  A- MA 5.00000 07/01/2017M    
57586EEH0 295,000 MASSACHUSETTS HLTH & EDL FACS AUTH SIMMONS CLG-SER I, 7%, due 10/01/2019  BBB+ MA 7.00000 10/01/2019M 10/01/2018 100.0000
59333TDB3 235,000 MIAMI-DADE CNTY FLA PUB FACS REV JACKSON HEALTH SYS, 5%, due 06/01/2023  AA FL 5.00000 06/01/2023M 06/01/2019 100.0000
59465MWA9 240,000 MICHIGAN HSG DEV AUTH SER B-2, NON-AMT, 4.375%, due 10/01/2019  AA MI 4.37500 10/01/2019M 10/01/2018 100.0000
607202BZ0 275,000 MOBILE ALA PUB EDL BLDG AUTH REV LGO SCH BDS-SER A, 4%, due 03/01/2020  AA AL 4.00000 03/01/2020M 03/01/2018 100.0000
607202CA4 330,000 MOBILE ALA PUB EDL BLDG AUTH REV LGO SCH BDS-SER A, 4%, due 03/01/2021  AA AL 4.00000 03/01/2021M 03/01/2018 100.0000
66285WAM8 315,000 N TX TOLLWAY AUTH REVENUE REF-SYS-FIRST TIER-SER A, 6%, due 01/01/2020  A- TX 6.00000 01/01/2020M 01/01/2018 100.0000
67756BPP9 345,000 OHIO HGR EDL FAC REV REV BDS, OHIO NTHRN UNIV PROJ, 5%, due 05/01/2020  NR OH 5.00000 05/01/2020M 05/01/2015 100.0000
677525TK3 155,000 OHIO ST AIR QUALITY DEV AUTH FIRSTENERGY GEN, SER A, N/C, 5.70%, due 08/01/2020  BBB- OH 5.70000 08/01/2020M    
709207EA8 335,000 PENNSYLVANIA ST PUB SCH BLDG AUTH LEASE REV BDS, PHILA PRJ, SER A, 5%, due 06/01/2018  AA PA 5.00000 06/01/2018M 12/01/2016 100.0000
7178233C0 295,000 PHILADELPHIA PA GAS WKS REV REV BDS-8TH-1998 GEN ORDINANCE-A, 5.25%, due 08/01/2017  A- PA 5.25000 08/01/2017M    
810472FQ8 370,000 SCOTTSDALE ARIZ INDL DEV AUTH HOSP REV REF-SCOTTSDALE HEALTHCARE-A, 5%, due 09/01/2018  A- AZ 5.00000 09/01/2018M    
791687BQ8 380,000 ST LOUIS MO REGL CNVNTN & SPORTS CMPLX AUTH N/C, REF-CNVNTN & SPORTS FAC-C, 5.25%, due 08/15/2020  A MO 5.25000 08/15/2020M    
87638TAN3 245,000 TARRANT CNTY TEX CULTRL EDU FAC FIN CORP REV REF-TEXAS HLTH RES-A, 5%, due 02/15/2022  AA TX 5.00000 02/15/2022M 02/15/2017 100.0000
914811NH3 475,000 UNIVERSITY PUERTO RICO PR REV N/C, REF-SYS-SER P, 5%, due 06/01/2016  BB PR 5.00000 06/01/2016M    
97710BLP5 250,000 WISCONSIN ST HLTH & EDUCTNL FA AURORA HEALTH CARE-A, 5%, due 08/15/2019  NR WI 5.00000 08/15/2019M    
97710BLS9 425,000 WISCONSIN ST HLTH & EDUCTNL FA AURORA HEALTH CARE-B, Variable rate, due 08/15/2027  NR WI 5.12500 08/15/2016E   100.0000
 
Total Number of Holdings:    24


A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Due to the current state of the economy, 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.

Healthcare facilities are subject to, among other things, demand for services, the ability to provide the services required, physicians' confidence in the facility, management capabilities, competition, efforts to limit rates, expenses, government regulation, the cost and possible unavailability of malpractice insurance and the termination or restriction of governmental financial assistance.

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 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. Interest income from closed-end municipal bond funds is generally exempt from federal income tax. However, certain distributions may be subject to federal income tax and/or subject to the alternative minimum tax.

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 advisor 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.

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