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Tax Exempt Municipal Income, 303 (Closed)  Ticker: FYENGX
 
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: FT303
Portfolio Status: Secondary
Initial Offer Date: 08/21/2018
Secondary Date: 10/19/2018
Wtd Avg Maturity: 28.4
ELTR Life: 26.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,052.4800
NAV(*): $947.4600
POP(*): $983.8600
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/19/2018 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
33741B167 Monthly $1.3100 $36.2500 3.680% 3.701%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
047870QR4 260,000 ATLANTA GA WTR & WSTWTR REVENU 3.50%, due 11/01/2043  AA- GA 3.50000 11/01/2043M 11/01/2027 100.0000
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
145810DV6 225,000 CARSON CITY NV HOSP REVENUE 5%, due 09/01/2047  BBB+ NV 5.00000 09/01/2047M 09/01/2027 100.0000
155839HN6 410,000 CENTRL WA UNIV SYS REVENUE 4%, due 05/01/2049  AA WA 4.00000 05/01/2049M 05/01/2028 100.0000
270416FJ4 100,000 EAST ALABAMA HLTH CARE AUTH 4%, due 09/01/2048  A AL 4.00000 09/01/2048M 03/01/2028 100.0000
272551MD1 295,000 EAST GREENBUSH NY 3.625%, due 08/01/2046  AA NY 3.62500 08/01/2046M 08/01/2026 100.0000
276731ZY5 350,000 ESTRN MICHIGAN UNIV REVENUES 4%, due 03/01/2047  NR MI 4.00000 03/01/2047M 03/01/2028 100.0000
44244CTB3 225,000 HOUSTON TX UTILITY SYS REVENUE 4%, due 11/15/2048  NR TX 4.00000 11/15/2048M 11/15/2028 100.0000
451295ZB8 200,000 IDAHO ST HLTH FACS AUTH REVENUE 4%, due 03/01/2048  A- ID 4.00000 03/01/2048M 09/01/2028 100.0000
45204EBX5 145,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 12/01/2046  NR IL 5.00000 12/01/2046M 06/01/2026 100.0000
491207YV2 245,000 KENTUCKY ST BOND CORP FING PROG REV 4%, due 02/01/2048  AA- KY 4.00000 02/01/2048M 02/01/2025 100.0000
511354FS6 225,000 LAKE WORTH FL 3.875%, due 07/01/2045  AA- FL 3.87500 07/01/2045M 07/01/2028 100.0000
514282YC0 225,000 LANCASTER PA 4%, due 11/01/2048  AA PA 4.00000 11/01/2048M 11/01/2028 100.0000
572148AP9 225,000 MARSHALL CNTY PUBLIC LIBRARY DIST 3.50%, due 06/01/2048  NR KY 3.50000 06/01/2048M 06/01/2027 100.0000
5742182R3 200,000 MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 4%, due 05/15/2047  A MD 4.00000 05/15/2047M 05/15/2027 100.0000
59447TMQ3 100,000 MICHIGAN ST FIN AUTH REVENUE 4%, due 11/15/2046  A MI 4.00000 11/15/2046M 11/15/2026 100.0000
664482GR1 225,000 N ESTRN OH LOCAL SCH DIST CLARK CNTY 3.625%, due 12/01/2043  AA OH 3.62500 12/01/2043M 12/01/2028 100.0000
64972HS94 125,000 NEW YORK CITY NY TRANSITIONAL 3.50%, due 07/15/2047  AA NY 3.50000 07/15/2047M 07/15/2028 100.0000
761848TM2 200,000 REYNOLDSBURG OH 3.60%, due 12/01/2048  NR OH 3.60000 12/01/2048M 06/01/2028 100.0000
77615NAZ7 200,000 ROMEOVILLE IL REVENUE 4.125%, due 10/01/2041  BBB+ IL 4.12500 10/01/2041M 04/01/2025 100.0000
77615NBA1 170,000 ROMEOVILLE IL REVENUE 4.125%, due 10/01/2046  BBB+ IL 4.12500 10/01/2046M 04/01/2025 100.0000
956510AZ4 120,000 WEST VIRGINIA ST PARKWAYS AUTH 3.75%, due 06/01/2048  AA- WV 3.75000 06/01/2048M 06/01/2028 100.0000
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:    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.

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
33741B167 (Cash)
33741B175 (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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