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Tax Exempt Municipal Income, 300  Ticker: FDMIAX
 
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.
 
Summary
Product Code: FT300
Portfolio Status: Secondary
Initial Offer Date: 01/23/2018
Secondary Date: 03/15/2018
Wtd Avg Maturity: 27.1
ELTR Life: 22.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,086.5100
NAV(*): $1,006.7800
POP(*): $1,045.4600
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/20/2018 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
33739U748 Monthly $1.5200 $38.8600 3.720% 3.419%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
08451PAW1 200,000 BERKS CNTY PA INDL DEV AUTH HLTH SYS 4%, due 11/01/2047  A PA 4.00000 11/01/2047M 11/01/2027 100.0000
088095Z49 250,000 BEVERLY MA 3.25%, due 10/15/2047  AA MA 3.25000 10/15/2047M 10/15/2027 100.0000
132034AN9 350,000 CAMBRIA CNTY PA GEN FING AUTH 4%, due 11/01/2041  BBB PA 4.00000 11/01/2041M 10/01/2027 100.0000
20774Y3B1 250,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 4%, due 07/01/2047  A- CT 4.00000 07/01/2047M 07/01/2027 100.0000
380037GQ8 200,000 GLYNN-BRUNSWICK GA MEMORIAL HOSP 4%, due 08/01/2043  A- GA 4.00000 08/01/2043M 08/01/2025 100.0000
398258AX1 210,000 GRIFFIN-SPALDING CNTY HOSP AUTH GA 3.75%, due 04/01/2047  A GA 3.75000 04/01/2047M 04/01/2027 100.0000
405815LJ8 185,000 HALIFAX FL HOSP MED CTR 4%, due 06/01/2046  A- FL 4.00000 06/01/2046M 06/01/2026 100.0000
414009KL3 200,000 HARRIS CNTY TX CULTURAL EDU FACS 4%, due 07/01/2046  A+ TX 4.00000 07/01/2046M 07/01/2026 100.0000
421452CG6 300,000 HAZEL CREST IL 4%, due 12/01/2042  AA IL 4.00000 12/01/2042M 12/01/2027 100.0000
42521RAU6 400,000 HENDERSON NV PUBLIC IMPT TRUST 5.50%, due 01/01/2044  NR NV 5.50000 01/01/2044M 07/01/2024 100.0000
45203H5F5 200,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 11/15/2045  A IL 5.00000 11/15/2045M 11/15/2025 100.0000
57582RLK0 250,000 MASSACHUSETTS ST 3%, due 09/01/2046  AA MA 3.00000 09/01/2046M 09/01/2026 100.0000
59261ATK3 250,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2046  A+ NY 4.00000 11/15/2046M 05/15/2028 100.0000
59334DJS4 250,000 MIAMI-DADE CNTY FL WTR & SWR REV 4%, due 10/01/2047  A+ FL 4.00000 10/01/2047M 10/01/2027 100.0000
66285WWC6 250,000 N TX TOLLWAY AUTH REVENUE 4%, due 01/01/2043  A TX 4.00000 01/01/2043M 01/01/2028 100.0000
676023DW1 250,000 ODESSA TX JNR CLG DIST 4%, due 08/15/2041  AA- TX 4.00000 08/15/2041M 08/15/2027 100.0000
709224WR6 350,000 PENNSYLVANIA ST TURNPIKE COMMN 5.25%, due 06/01/2047  NR PA 5.25000 06/01/2047M 06/01/2027 100.0000
76218NAP2 355,000 RHODE ISLAND ST COMMERCE CORP 5%, due 07/01/2046  BBB+ RI 5.00000 07/01/2046M 07/01/2026 100.0000
7867025S5 300,000 SAGINAW CNTY MI 3.50%, due 11/01/2047  AA- MI 3.50000 11/01/2047M 11/01/2027 100.0000
940859BS9 250,000 WASHOE CNTY NV SCH DIST 3.25%, due 10/01/2042  AA NV 3.25000 10/01/2042M 10/01/2027 100.0000
95632CEA3 250,000 WEST TRAVIS CNTY TX PUBLIC UTIL AGY 4%, due 08/15/2045  AA TX 4.00000 08/15/2045M 08/15/2027 100.0000
 
Total Number of Holdings:    21


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.

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 cyber security.

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
33739U748 (Cash)
33739U755 (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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