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Tax Exempt Municipal Income, 10–20 Year, 33  Ticker: FNWQBX
 
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: TELI33
Portfolio Status: Secondary
Initial Offer Date: 03/27/2018
Secondary Date: 05/29/2018
Wtd Avg Maturity: 19.0
ELTR Life: 16.6
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,067.8600
NAV(*): $1,020.0800
POP(*): $1,059.2700
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
33739U847 Monthly $1.5600 $37.4800 3.540% 3.119%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
097552TR4 100,000 BOLINGBROOK IL 5%, due 01/01/2038  AA IL 5.00000 01/01/2038M 01/01/2028 100.0000
10741LDK9 190,000 BREVARD CNTY FL HLTH FACS AUTH 4%, due 04/01/2036  A FL 4.00000 04/01/2036M 04/01/2024 100.0000
132034AL3 225,000 CAMBRIA CNTY PA GEN FING AUTH 5%, due 11/01/2034  BBB PA 5.00000 11/01/2034M 10/01/2027 100.0000
153476AU0 100,000 CENTRAL FLORIDA EXPRESSWAY AUTH 4%, due 07/01/2037  A+ FL 4.00000 07/01/2037M 07/01/2026 100.0000
434853AR8 325,000 HOLDENVILLE OK PUBLIC WKS AUTH 5%, due 11/01/2037  BBB OK 5.00000 11/01/2037M 11/01/2024 100.0000
491207YL4 250,000 KENTUCKY ST BOND CORP FING PGM REV 3.625%, due 02/01/2039  AA- KY 3.62500 02/01/2039M 02/01/2025 100.0000
546399CL8 200,000 LOUISIANA PUB FACS AUTH REVENUE 4%, due 05/15/2037  NR LA 4.00000 05/15/2037M 05/15/2027 100.0000
54811BQW4 170,000 LOWER COLORADO RIVER TX AUTH TXMN REV 3%, due 05/15/2038  A TX 3.00000 05/15/2038M 05/15/2026 100.0000
59261AQN0 250,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2038  A+ NY 4.00000 11/15/2038M 05/15/2028 100.0000
60534WSY5 270,000 MISSISSIPPI ST DEV BANK SPL OBLG 3.375%, due 03/01/2038  NR MS 3.37500 03/01/2038M 03/01/2028 100.0000
66285WSS6 250,000 N TX TOLLWAY AUTH REVENUE 4%, due 01/01/2039  A TX 4.00000 01/01/2039M 01/01/2026 100.0000
646513ZQ7 240,000 NEW LONDON CT 3.50%, due 03/15/2038  A+ CT 3.50000 03/15/2038M 03/15/2025 100.0000
656178EF3 200,000 NORMAN OK REGL HOSP AUTH HOSP REV 5%, due 09/01/2037  A- OK 5.00000 09/01/2037M 09/01/2027 100.0000
67756DPB6 140,000 OHIO ST HGR EDUCTNL FAC COMMN 4%, due 07/01/2037  A OH 4.00000 07/01/2037M 07/01/2027 100.0000
70917SZR7 250,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 4%, due 06/15/2035  NR PA 4.00000 06/15/2035M 06/15/2026 100.0000
709224E39 380,000 PENNSYLVANIA ST TURNPIKE COMMN TPK REV 4%, due 12/01/2037  NR PA 4.00000 12/01/2037M 12/01/2027 100.0000
737828DE0 250,000 POTTAWATOMIE CNTY KS UNIF SCH DIST 323 3.50%, due 09/01/2038  AA KS 3.50000 09/01/2038M 09/01/2025 100.0000
773182WG1 225,000 ROCKFORD IL PARK DIST 4%, due 12/15/2037  NR IL 4.00000 12/15/2037M 12/15/2026 100.0000
837152UP0 250,000 SOUTH CAROLINA ST TRANSPRTN IN 2.50%, due 10/01/2034  AA SC 2.50000 10/01/2034M 10/01/2025 100.0000
83755VG73 200,000 SOUTH DAKOTA ST HLTH & EDUCTNL 4%, due 07/01/2037  AA- SD 4.00000 07/01/2037M 07/01/2027 100.0000
914233L74 250,000 UNIV OF CONNECTICUT CT 5%, due 01/15/2036  AA- CT 5.00000 01/15/2036M 01/15/2027 100.0000
93978HSR7 200,000 WASHINGTON ST HLTH CARE FACS AUTH 5%, due 08/15/2037  BBB WA 5.00000 08/15/2037M 08/15/2027 100.0000
983323RK4 250,000 WYOMING MI PUBLIC SCHS 3.625%, due 05/01/2037  AA MI 3.62500 05/01/2037M 05/01/2028 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.

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
33739U847 (Cash)
33739U854 (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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