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Tax Exempt Municipal Income, 10–20 Year, 30  Ticker: FLTRZX
 
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 tax-exempt municipal bonds.
 
Summary
Product Code: TELI30
Portfolio Status: Secondary
Initial Offer Date: 04/25/2017
Secondary Date: 07/03/2017
Wtd Avg Maturity: 18.6
ELTR Life: 16.3
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,080.1800
NAV(*): $1,051.6400
POP(*): $1,092.0400
PAR(*): $999.7000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/22/2017 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
33739U409 Monthly $1.7900 $37.6800 3.450% 2.839%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
13048T2S1 225,000 CALIFORNIA ST MUNI FIN AUTH REV 3.75%, due 06/01/2037  NR CA 3.75000 06/01/2037M 06/01/2027 100.0000
20772J6W7 250,000 CONNECTICUT ST 4%, due 04/15/2037  A+ CT 4.00000 04/15/2037M 04/15/2027 100.0000
214075ES8 100,000 COOK CNTY IL SCH DIST NO 083 5.625%, due 06/01/2033  NR IL 5.62500 06/01/2033M    
407272V26 225,000 HAMILTON CNTY OH HOSP FACS REV 4.125%, due 08/15/2037  A+ OH 4.12500 08/15/2037M 08/15/2027 100.0000
45204EHX9 130,000 ILLINOIS ST FIN AUTH REVENUE 3%, due 10/01/2037  A IL 3.00000 10/01/2037M 10/01/2026 100.0000
45203H5D0 225,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 11/15/2035  A IL 5.00000 11/15/2035M 11/15/2025 100.0000
550802JV5 140,000 LYCOMING CNTY PA AUTH 3%, due 10/01/2037  A PA 3.00000 10/01/2037M 10/01/2026 100.0000
57584XNM9 225,000 MASSACHUSETTS ST DEV FIN AGY REV 4%, due 07/01/2036  A- MA 4.00000 07/01/2036M 07/01/2026 100.0000
59333FTY6 135,000 MIAMI-DADE CNTY FL 4%, due 07/01/2037  AA FL 4.00000 07/01/2037M 07/01/2026 100.0000
59334NDS8 225,000 MIAMI-DADE CNTY FL HLTH FACS AUTH HOSP REV 3.625%, due 08/01/2034  A+ FL 3.62500 08/01/2034M 08/01/2027 100.0000
59334PGJ0 250,000 MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REV 4%, due 07/01/2036  AA FL 4.00000 07/01/2036M 07/01/2026 100.0000
646066L81 450,000 NEW JERSEY ST EDUCTNL FACS AUTH REV 5%, due 07/01/2037  A- NJ 5.00000 07/01/2037M 07/01/2027 100.0000
64971W4W7 275,000 NEW YORK CITY NY TRANSITIONAL FIN AUTH REV 3.50%, due 02/01/2038  AAA NY 3.50000 02/01/2038M 02/01/2027 100.0000
66353LCY1 230,000 NORTHAMPTON CNTY PA GEN PURP AUTH CLG REV 5%, due 10/01/2036  BBB+ PA 5.00000 10/01/2036M 10/01/2026 100.0000
666446BP3 250,000 NORTHGLENN CO CTFS PARTN 3.50%, due 12/01/2036  AA- CO 3.50000 12/01/2036M 12/01/2027 100.0000
665250CR5 520,000 NTHRN IL MUNI PWR AGY PWR PROJ REV 4%, due 12/01/2032  NR IL 4.00000 12/01/2032M 12/01/2026 100.0000
679468XJ2 190,000 OLATHE KS WTR & SWR SYS REVENUE 3.50%, due 07/01/2036  AA KS 3.50000 07/01/2036M 07/01/2025 100.0000
717904LR5 250,000 PHILADELPHIA PA MUNI AUTH REV 5%, due 04/01/2038  A+ PA 5.00000 04/01/2038M 04/01/2027 100.0000
83421JED3 250,000 SOLEDAD CA UNIF SCH DIST 4%, due 08/01/2037  AA CA 4.00000 08/01/2037M 08/01/2026 100.0000
914727DU3 250,000 UNIV OF NORTH FLORIDA FL FING CORP 4%, due 11/01/2037  AA FL 4.00000 11/01/2037M 11/01/2026 100.0000
929831ML6 240,000 WACO TX 3.50%, due 02/01/2037  AA+ TX 3.50000 02/01/2037M 02/01/2027 100.0000
95236FAS1 270,000 WEST CNTY TRANSPRTN AGY CA 3.625%, due 04/01/2034  NR CA 3.62500 04/01/2034M 04/01/2026 100.0000
97712DRA6 350,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH REV 4%, due 11/15/2036  AA+ WI 4.00000 11/15/2036M 05/15/2026 100.0000
 
Total Number of Holdings:    23


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.

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.

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.

Fund Cusip Information
33739U409 (Cash)
33739U417 (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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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