Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Tax Exempt Municipal Income Intermediate, 35  Ticker: FKORQX
This unit investment trust seeks to distribute income exempt from federal and, in certain instances, state and local income taxes and to preserve capital by investing in a portfolio of investment grade tax-exempt municipal bonds..
Product Code: TEIN35
Portfolio Status: Secondary
Initial Offer Date: 07/12/2018
Secondary Date: 09/07/2018
Wtd Avg Maturity: 9.3
ELTR Life: 8.8
Tax Structure: Regulated Investment Company
Initial Offer Price: $1,133.1900
NAV(*): $1,102.5700
POP(*): $1,136.6800
PAR(*): $1,000.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 01/15/2019 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
33741B142 Monthly $0.8000 $40.7400 3.580% 2.290%

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
170123DM2 210,000 CHISHOLM CREEK KS UTILITY AUTH 4%, due 09/01/2029  AA KS 4.00000 09/01/2029M 09/01/2027 100.0000
181059YJ9 190,000 CLARK CNTY NV SCH DIST 5%, due 06/15/2029  A+ NV 5.00000 06/15/2029M 12/15/2027 100.0000
214102CC7 155,000 COOK CNTY IL SCH DIST NO 84-5 RHODES N/C, 5%, due 12/01/2026  AA IL 5.00000 12/01/2026M    
214102CE3 100,000 COOK CNTY IL SCH DIST NO 84-5 RHODES N/C, 5%, due 12/01/2028  AA IL 5.00000 12/01/2028M    
246579ER3 120,000 DELAWARE VLY PA REGL FINANCIAL AUTH N/C, SER A, 5.50%, due 08/01/2028  NR PA 5.50000 08/01/2028M    
304009GX5 125,000 FAIRFAX MN 3.25%, due 02/01/2029  A MN 3.25000 02/01/2029M 02/01/2026 100.0000
342816Q24 100,000 FLORIDA ST MUNI PWR AGY 4%, due 10/01/2028  NR FL 4.00000 10/01/2028M 10/01/2027 100.0000
371608TM2 145,000 GENESEE CNTY MI 5%, due 02/01/2028  AA MI 5.00000 02/01/2028M 02/01/2025 100.0000
42521RBN1 305,000 HENDERSON NV PUBLIC IMPT TRUST 3%, due 01/01/2026  NR NV 3.00000 01/01/2026M    
45203HX49 225,000 ILLINOIS ST FIN AUTH REVENUE N/C, 5%, due 08/15/2025  NR IL 5.00000 08/15/2025M    
462466FR9 125,000 IOWA ST FIN AUTH HLTH FACS REV 5%, due 08/15/2030  NR IA 5.00000 08/15/2030M 02/15/2026 100.0000
511665KC4 135,000 LAKELAND FL HOSP SYS REVENUE 5%, due 11/15/2029  NR FL 5.00000 11/15/2029M 11/15/2026 100.0000
557072EF8 290,000 MADISON CNTY IL CUSD 12 N/C, 3.375%, due 01/01/2028  AA IL 3.37500 01/01/2028M    
562895PR7 205,000 MANHATTAN KS 4%, due 11/01/2030  AA KS 4.00000 11/01/2030M 11/01/2028 100.0000
56516TBP9 170,000 MAPLE GROVE MN HLTH CARE FACS 5%, due 05/01/2030  NR MN 5.00000 05/01/2030M 05/01/2027 100.0000
664556BP1 300,000 N ESTRN PA HOSP & EDU AUTH N/C, 5%, due 03/01/2026  BBB PA 5.00000 03/01/2026M    
66353LCT2 350,000 NORTHAMPTON CNTY PA GEN PURP AUTH N/C, 5%, due 10/01/2026  BBB+ PA 5.00000 10/01/2026M    
67884GBE3 245,000 OKLAHOMA DEV FIN AUTH LEASE 3.375%, due 04/01/2029  NR OK 3.37500 04/01/2029M 04/01/2028 100.0000
68825RHT0 225,000 OSHKOSH WI STORM WTR UTILITY REV 4%, due 05/01/2029  AA WI 4.00000 05/01/2029M 05/01/2027 100.0000
76218NAA5 135,000 RHODE ISLAND ST COMMERCE CORP ARPT REV N/C, 5%, due 07/01/2026  BBB+ RI 5.00000 07/01/2026M    
803300CZ3 300,000 SARASOTA CNTY FL PUBLIC HOSP BRD 5.50%, due 07/01/2028  NR FL 5.50000 07/01/2028M    
844181LS4 225,000 SOUTHFIELD MI 4%, due 05/01/2029  AA MI 4.00000 05/01/2029M 05/01/2027 100.0000
858892KW1 230,000 STEPHENSON CNTY IL SCH DIST NO 145 3.375%, due 02/01/2030  AA IL 3.37500 02/01/2030M 02/01/2028 100.0000
92778FAK9 225,000 VIRGINIA CLG BLDG AUTH EDUCTNL FACS REV N/C, 5%, due 01/15/2028  A VA 5.00000 01/15/2028M    
Total Number of Holdings:    24

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
33741B142 (Cash)
33741B159 (Cash-Wrap)
Printer Friendly Page Printer Friendly Page

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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.