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Tax Exempt Municipal Income, 305  Ticker: FRGDUX
 
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.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: FT305
Portfolio Status: Secondary
Initial Offer Date: 01/17/2019
Secondary Date: 02/25/2019
Wtd Avg Maturity: 27.7
ELTR Life: 21.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,061.9100
NAV(*): $1,046.1300
POP(*): $1,086.3300
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/25/2019 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
33741B308 Monthly $1.8400 $38.9400 3.580% 3.006%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
119802AE6 100,000 BUFFALO RIDGE CO MET DIST 4%, due 12/01/2047  AA CO 4.00000 12/01/2047M 12/01/2028 100.0000
167593XU1 100,000 CHICAGO IL O'HARE INTL ARPT REV 4.25%, due 01/01/2042  AA IL 4.25000 01/01/2042M 01/01/2027 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
227516AN1 225,000 CROSS CREEK CO MET DIST #2 4%, due 12/01/2045  AA CO 4.00000 12/01/2045M 12/01/2028 100.0000
278698BA2 225,000 EBERT CO MET DIST 4%, due 12/01/2048  AA CO 4.00000 12/01/2048M 12/01/2028 100.0000
359023CY2 225,000 FRONT ROYAL & WARREN CNTY VA INDL DEV AUTH REV 4%, due 01/01/2050  A+ VA 4.00000 01/01/2050M 01/01/2025 103.0000
386523HQ0 220,000 GRAND TRAVERSE CNTY MI HOSP FIN AUTH 4%, due 07/01/2049  NR MI 4.00000 07/01/2049M 07/01/2028 100.0000
45204EBX5 210,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 12/01/2046  NR IL 5.00000 12/01/2046M 06/01/2026 100.0000
53957RBJ0 155,000 LOCAL PUBLIC SCHS FUNDING AUTH 4%, due 08/01/2048  AA CA 4.00000 08/01/2048M 08/01/2028 100.0000
575260JT2 175,000 MASON MI PUBLIC SCH DIST 3.50%, due 05/01/2047  AA MI 3.50000 05/01/2047M 05/01/2028 100.0000
592041YB7 100,000 MET GOVT NASHVILLE & DAVIDSON CNTY TN 4%, due 07/01/2047  NR TN 4.00000 07/01/2047M 07/01/2027 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
59333AMB4 225,000 MIAMI-DADE CNTY FL EDUCTNL FACS AUTH 4%, due 04/01/2045  A- FL 4.00000 04/01/2045M 04/01/2025 100.0000
613209EA9 225,000 MONTGOMERY CNTY AL PUBLIC BLDG 4%, due 03/01/2043  AA- AL 4.00000 03/01/2043M 09/01/2028 100.0000
664259DE5 185,000 N E MN MET INTERMEDIATE SD 916 4%, due 02/01/2042  NR MN 4.00000 02/01/2042M 02/01/2025 100.0000
647719PA5 350,000 NEW ORLEANS LA SEWAGE SVC REVENUE 5%, due 06/01/2045  A LA 5.00000 06/01/2045M 06/01/2025 100.0000
70917SXW8 250,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REV 5%, due 11/01/2046  A- PA 5.00000 11/01/2046M 05/01/2026 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
803301DK3 225,000 SARASOTA CNTY FL PUBLIC HOSP DIST 4%, due 07/01/2048  NR FL 4.00000 07/01/2048M 07/01/2028 100.0000
833327CU1 225,000 SNOQUALMIE WA WTR & SWR REVENUE 4%, due 12/01/2048  AA WA 4.00000 12/01/2048M 06/01/2028 100.0000
873519PM8 225,000 TACOMA WA ELEC SYS REVENUE 4%, due 01/01/2047  AA WA 4.00000 01/01/2047M 01/01/2027 100.0000
90341UEQ1 350,000 USF FING CORP FL CTFS PARTN 4%, due 07/01/2048  A+ FL 4.00000 07/01/2048M 01/01/2029 100.0000
 
Total Number of Holdings:    22


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
33741B308 (Cash)
33741B316 (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, the Internal Revenue Code or any other regulatory framework. Financial advisors are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
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