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Tax Exempt Municipal Income, Intermediate, 36  Ticker: FECUPX
 
Description
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..
 
Summary
Product Code: TEIN36
Portfolio Status: Secondary
Initial Offer Date: 09/20/2018
Secondary Date: 10/11/2018
Wtd Avg Maturity: 9.7
ELTR Life: 9.1
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,126.4900
NAV(*): $1,078.0800
POP(*): $1,113.7200
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 11/16/2018 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
33741B225 Monthly $1.1700 $41.9800 3.770% 2.659%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
010047EU8 350,000 AKRON OH CTFS PARTN 4%, due 12/01/2030  A+ OH 4.00000 12/01/2030M 12/01/2026 100.0000
01728A3L8 250,000 ALLEGHENY CNTY PA HOSP DEV AUTH N/C, 5%, due 04/01/2026  A PA 5.00000 04/01/2026M    
073613AK7 165,000 BEACON HILL WA WTR & SWR DIST 4.25%, due 12/01/2028  AA WA 4.25000 12/01/2028M 06/01/2028 100.0000
19648A5B7 140,000 COLORADO ST HLTH FACS AUTH REV 5%, due 05/15/2028  A- CO 5.00000 05/15/2028M 05/15/2025 100.0000
19986TBB9 100,000 COMANCHE CNTY OK EDUCTNL FACS AUTH 5%, due 12/01/2030  A OK 5.00000 12/01/2030M 12/01/2027 100.0000
20772J4S8 305,000 CONNECTICUT ST 4%, due 10/15/2030  A CT 4.00000 10/15/2030M 10/15/2026 100.0000
24308AAN6 280,000 DECATUR CNTY IND JAIL BLDG CORP N/C, 5%, due 07/15/2026  A- IN 5.00000 07/15/2026M    
34073THU4 100,000 FLORIDA ST HGR EDUCTNL FACS FIN AUTH 5%, due 11/01/2028  A- FL 5.00000 11/01/2028M 11/01/2026 100.0000
450839DA0 130,000 IBERVILLE PARISH LA CONSOL SCH DIST 5 5%, due 03/01/2028  A+ LA 5.00000 03/01/2028M 03/01/2026 100.0000
45204EBQ0 200,000 ILLINOIS ST FIN AUTH REVENUE 4%, due 12/01/2030  NR IL 4.00000 12/01/2030M 06/01/2026 100.0000
488764XB2 220,000 KENDALL KANE & WILL CNTYS IL CUSD 308 5%, due 02/01/2031  NR IL 5.00000 02/01/2031M 02/01/2026 100.0000
491501DX7 110,000 KENTUCKY ST MUNI PWR AGY PWR SYS REV 5%, due 09/01/2026  A- KY 5.00000 09/01/2026M 09/01/2025 100.0000
514282XE7 135,000 LANCASTER PA N/C, 5%, due 11/01/2026  AA PA 5.00000 11/01/2026M    
54628CAF9 150,000 LOUISIANA ST LOCAL GOVT ENVRNM N/C, 5%, due 10/01/2027  A LA 5.00000 10/01/2027M    
572225AK6 245,000 MARSHALL CNTY OK EDUCTNL FACS N/C, 5%, due 09/01/2025  A- OK 5.00000 09/01/2025M    
59261AEW3 130,000 MET TRANSPRTN AUTH NY REVENUE N/C, 4%, due 11/15/2026  A NY 4.00000 11/15/2026M    
608557ZQ0 350,000 MOLINE IL 3%, due 12/01/2028  NR IL 3.00000 12/01/2028M 12/01/2025 100.0000
713178BF7 200,000 PEORIA IL N/C, 5%, due 01/01/2026  AA IL 5.00000 01/01/2026M    
71781XEV1 225,000 PHILADELPHIA PA AUTH FOR INDL 5%, due 12/01/2029  NR PA 5.00000 12/01/2029M 12/01/2028 100.0000
74444YAN4 125,000 PUBLIC FIN AUTH WI LEASE DEV REV 5%, due 03/01/2030  NR WI 5.00000 03/01/2030M 03/01/2026 100.0000
744434DL2 350,000 PUBLIC PWR GENERATION AGY NE REV 5%, due 01/01/2028  NR NE 5.00000 01/01/2028M 01/01/2025 100.0000
756870AH4 225,000 RED RIVER EDU FIN CORP TX HGR 5%, due 06/01/2028  BBB+ TX 5.00000 06/01/2028M 06/01/2026 100.0000
840611CK1 125,000 S WASHINGTON CNTY MN INDEP SCH DIST 833 4%, due 04/01/2027  NR MN 4.00000 04/01/2027M 04/01/2026 100.0000
84129NKK4 135,000 SOUTHCENTRL PA GEN AUTH REVENUE 4%, due 12/01/2030  A+ PA 4.00000 12/01/2030M 12/01/2025 100.0000
917567CF4 120,000 UTAH ST TRANSIT AUTH SALES TAX 4%, due 12/15/2030  A+ UT 4.00000 12/15/2030M 06/15/2026 100.0000
969078SS4 135,000 WILL CNTY IL CUSD 365 4%, due 01/01/2031  NR IL 4.00000 01/01/2031M 01/01/2026 100.0000
 
Total Number of Holdings:    26


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
33741B225 (Cash)
33741B233 (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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