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Tax Exempt Municipal Income, 301  Ticker: FKNTBX
 
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: FT301
Portfolio Status: Secondary
Initial Offer Date: 03/22/2018
Secondary Date: 05/29/2018
Wtd Avg Maturity: 27.0
ELTR Life: 25.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,050.9000
NAV(*): $1,007.4600
POP(*): $1,046.1600
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/21/2018 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
33739U821 Monthly $1.5300 $36.6200 3.500% 3.309%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
02765ULM4 110,000 AMERICAN MUNI PWR-OHIO INC OHR 5%, due 02/15/2046  A OH 5.00000 02/15/2046M 02/15/2026 100.0000
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 125,000 BEVERLY MA 3.25%, due 10/15/2047  AA+ MA 3.25000 10/15/2047M 10/15/2027 100.0000
13032UML9 115,000 CALIFORNIA ST HLTH FACS FING AUTH 4.125%, due 02/01/2047  AA CA 4.12500 02/01/2047M 02/01/2027 100.0000
139372RM0 250,000 CAPE CORAL FL WTR & SWR REVENUE 4%, due 10/01/2042  A+ FL 4.00000 10/01/2042M 10/01/2027 100.0000
20774Y3A3 225,000 CONNECTICUT ST HLTH & EDUCTNL 4%, due 07/01/2042  A- CT 4.00000 07/01/2042M 07/01/2027 100.0000
398258AX1 200,000 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 200,000 HALIFAX FL HOSP MED CTR 4%, due 06/01/2046  A- FL 4.00000 06/01/2046M 06/01/2026 100.0000
505493AY2 400,000 LACKAWANNA CNTY PA INDL DEV AUTH 4%, due 11/01/2040  A- PA 4.00000 11/01/2040M 11/01/2027 100.0000
5742184J9 200,000 MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 4%, due 07/01/2048  A MD 4.00000 07/01/2048M 01/01/2028 100.0000
59261ATK3 225,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2046  A+ NY 4.00000 11/15/2046M 05/15/2028 100.0000
59334DJS4 350,000 MIAMI-DADE CNTY FL WTR & SWR REV 4%, due 10/01/2047  A+ FL 4.00000 10/01/2047M 10/01/2027 100.0000
59447TMQ3 200,000 MICHIGAN ST FIN AUTH REVENUE 4%, due 11/15/2046  A MI 4.00000 11/15/2046M 11/15/2026 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
64972GPY4 250,000 NEW YORK CITY NY MUNI WTR FIN AUTH 3.625%, due 06/15/2048  AA+ NY 3.62500 06/15/2048M 12/15/2027 100.0000
64972HK84 250,000 NEW YORK CITY NY TRANSITIONAL 3.625%, due 07/15/2047  AA NY 3.62500 07/15/2047M 07/15/2028 100.0000
67760HMA6 250,000 OHIO ST TURNPIKE COMMISSION 4%, due 02/15/2046  A+ OH 4.00000 02/15/2046M 02/15/2028 100.0000
709224WQ8 250,000 PENNSYLVANIA ST TURNPIKE COMMI 5%, due 06/01/2042  NR PA 5.00000 06/01/2042M 06/01/2027 100.0000
7254635C3 350,000 PITTSFIELD MA 3.375%, due 12/01/2043  AA MA 3.37500 12/01/2043M 12/01/2027 100.0000
7962536V9 250,000 SAN ANTONIO TX ELEC & GAS REV 4%, due 02/01/2047  AA TX 4.00000 02/01/2047M 02/01/2027 100.0000
917567DZ9 250,000 UTAH ST TRANSIT AUTH SALES TAX 3.75%, due 12/15/2041  A+ UT 3.75000 12/15/2041M 06/15/2028 100.0000
946303ZU1 225,000 WAYNE MI ST UNIV REVENUES 4%, due 11/15/2048  A+ MI 4.00000 11/15/2048M 11/15/2028 100.0000
97712DUE4 150,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH REV 3.50%, due 02/15/2046  A- WI 3.50000 02/15/2046M 02/15/2026 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.

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
33739U821 (Cash)
33739U839 (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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