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Tax Exempt Municipal Income, Intermediate, 41  Ticker: FJSINX
 
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..
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TEIN41
Portfolio Status: Secondary
Initial Offer Date: 07/16/2019
Secondary Date: 09/03/2019
Wtd Avg Maturity: 9.5
ELTR Life: 8.3
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,196.9900
NAV(*): $1,163.0800
POP(*): $1,199.0700
PAR(*): $999.5000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/13/2019 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
33741B423 Monthly $0.7700 $39.6000 3.300% 1.337%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
006158DD8 150,000 ADAMS CNTY WA JT CONSOL SD NO 160-67 4%, due 12/01/2030  AA+ WA 4.00000 12/01/2030M 06/01/2027 100.0000
073177HJ9 225,000 BAYTOWN TX AREA WTR AUTH 3%, due 05/01/2030  AA- TX 3.00000 05/01/2030M 05/01/2028 100.0000
18604TCX4 200,000 CLEVELAND CNTY OK EDUCTNL FACS AUTH 5%, due 09/01/2030  A OK 5.00000 09/01/2030M 09/01/2027 100.0000
187857FT9 225,000 CLINTON-MACOMB MI PUBLIC LIBRARY 4%, due 04/01/2030  AA MI 4.00000 04/01/2030M 04/01/2029 100.0000
214381JT3 230,000 COOK CNTY IL SCH DIST NO 99 N/C, 5%, due 12/01/2027  AA IL 5.00000 12/01/2027M    
247144ES3 220,000 DELPHI IN CMNTY MULTI SCH BLDG N/C, 5%, due 01/15/2030  AA+ IN 5.00000 01/15/2030M    
317075FD6 180,000 FILLMORE CA PUBLIC FING AUTH 5.25%, due 05/01/2030  AA CA 5.25000 05/01/2030M    
491501EB4 350,000 KENTUCKY ST MUNI PWR AGY PWR SYS REV 5%, due 09/01/2030  BBB KY 5.00000 09/01/2030M 09/01/2025 100.0000
529050ER3 100,000 LEXINGTON CNTY SC HLTH SVCS DIST 4%, due 11/01/2030  A SC 4.00000 11/01/2030M 11/01/2027 100.0000
567133CE1 225,000 MARICOPA CNTY AZ SCH DIST 24 5%, due 07/01/2030  AA AZ 5.00000 07/01/2030M 07/01/2029 100.0000
60416HX25 250,000 MINNESOTA ST HGR EDU FACS AUTH N/C, 5%, due 03/01/2026  NR MN 5.00000 03/01/2026M    
660393T90 225,000 NORTH LAS VEGAS NV 3%, due 06/01/2031  AA NV 3.00000 06/01/2031M 06/01/2029 100.0000
688259NC0 185,000 OSHKOSH WI WTR REVENUE 4%, due 01/01/2031  NR WI 4.00000 01/01/2031M 01/01/2028 100.0000
719466BP8 315,000 PIATT & DE WITT CNTYS IL CUSD NO 57 4%, due 12/01/2030  AA IL 4.00000 12/01/2030M 12/01/2027 100.0000
736627KK5 225,000 PORTLAND MI PUBLIC SCHS 4%, due 05/01/2028  AA MI 4.00000 05/01/2028M 05/01/2026 100.0000
756870AG6 350,000 RED RIVER EDU FIN CORP TX HGR EDU REV 5%, due 06/01/2027  BBB+ TX 5.00000 06/01/2027M 06/01/2026 100.0000
7599113B4 170,000 REGL TRANSPRTN AUTH IL 3%, due 07/01/2031  AA IL 3.00000 07/01/2031M 07/01/2027 100.0000
792242CR8 185,000 SAINT MARY PARISH LA CONSOL DIST 2 N/C, 4%, due 03/01/2029  AA LA 4.00000 03/01/2029M    
921237EA7 165,000 VAN TX N/C, 5%, due 08/15/2028  AA TX 5.00000 08/15/2028M    
93340LCP0 225,000 WALTON CNTY FL SCH BRD CTFS PARTN 5%, due 07/01/2028  NR FL 5.00000 07/01/2028M 07/01/2027 100.0000
95370PDL7 110,000 WEST LAFAYETTE IN SCH BLDG CORP 5%, due 07/15/2029  AA+ IN 5.00000 07/15/2029M    
960811EV5 355,000 WESTMONT IL 3%, due 01/01/2028  AA+ IL 3.00000 01/01/2028M 01/01/2027 100.0000
987834PE2 145,000 YPSILANTI MI CMNTY UTILITIES AUTH 4%, due 05/01/2028  AA- MI 4.00000 05/01/2028M 05/01/2026 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.

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 cybersecurity.

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
33741B423 (Cash)
33741B431 (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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