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Tax Exempt Municipal Income, 302  Ticker: FSZUHX
 
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: FT302
Portfolio Status: Secondary
Initial Offer Date: 06/21/2018
Secondary Date: 07/30/2018
Wtd Avg Maturity: 27.4
ELTR Life: 26.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,064.1200
NAV(*): $991.1400
POP(*): $1,029.2400
PAR(*): $1,000.5000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/18/2018 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
33741B126 Monthly $1.0300 $36.9300 3.590% 3.481%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
08451PAW1 225,000 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
133303Q67 225,000 CAMERON CNTY TX 4%, due 02/15/2042  NR TX 4.00000 02/15/2042M 02/15/2026 100.0000
186343S75 225,000 CLEVELAND OH 3.625%, due 12/01/2046  AA+ OH 3.62500 12/01/2046M 06/01/2028 100.0000
20774Y3B1 350,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 4%, due 07/01/2047  A- CT 4.00000 07/01/2047M 07/01/2027 100.0000
276731ZY5 285,000 ESTRN MICHIGAN UNIV REVENUES 4%, due 03/01/2047  NR MI 4.00000 03/01/2047M 03/01/2028 100.0000
348208SW0 220,000 FORT PAYNE AL 3.75%, due 05/01/2042  AA AL 3.75000 05/01/2042M 05/01/2028 100.0000
398258AX1 225,000 GRIFFIN-SPALDING CNTY HOSP AUTH GA 3.75%, due 04/01/2047  A GA 3.75000 04/01/2047M 04/01/2027 100.0000
399547HL5 225,000 GROVE CITY PA AREA SCH DIST 3.75%, due 09/01/2045  AA PA 3.75000 09/01/2045M 09/01/2023 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
59334DJQ8 230,000 MIAMI-DADE CNTY FL WTR & SWR REV 4%, due 10/01/2044  A+ FL 4.00000 10/01/2044M 10/01/2027 100.0000
613603YW3 350,000 MONTGOMERY CNTY PA HGR EDU & HLTH AUTH 4%, due 09/01/2043  A+ PA 4.00000 09/01/2043M 09/01/2028 100.0000
642170ME1 225,000 NEW BEDFORD MA 3.50%, due 03/01/2046  AA MA 3.50000 03/01/2046M 03/01/2027 100.0000
64972GPY4 225,000 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
64990H6X3 350,000 NEW YORK ST DORM AUTH REVENUES 5%, due 01/01/2047  NR NY 5.00000 01/01/2047M 01/01/2028 100.0000
738435CQ7 100,000 POTTSVILLE PA HOSP AUTH 5%, due 07/01/2045  A+ PA 5.00000 07/01/2045M 01/01/2027 100.0000
7599114F4 350,000 REGL TRANSPRTN AUTH IL 4%, due 06/01/2048  AA IL 4.00000 06/01/2048M 06/01/2028 100.0000
778430AX6 225,000 ROSSFORD OH EXEMPTED VLG SCH DIST CTFS PARTN 4%, due 12/01/2046  A+ OH 4.00000 12/01/2046M 06/01/2027 100.0000
845080KA7 225,000 S W OH LOCAL SCH DIST HAMILTON CNTY 3.625%, due 01/15/2045  NR OH 3.62500 01/15/2045M 01/15/2024 100.0000
906460DQ0 185,000 UNION CNTY PA HOSP AUTH 5%, due 08/01/2048  A- PA 5.00000 08/01/2048M 08/01/2025 103.0000
982685HZ5 225,000 WYANDOTTE CNTY KS SCH DIST NO 203 4%, due 09/01/2048  AA- KS 4.00000 09/01/2048M 09/01/2028 100.0000
 
Total Number of Holdings:    20


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
33741B126 (Cash)
33741B134 (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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