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Tax Exempt Municipal Income, 308  Ticker: FJDKEX
 
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: FT308
Portfolio Status: Secondary
Initial Offer Date: 07/18/2019
Secondary Date: 09/24/2019
Wtd Avg Maturity: 27.2
ELTR Life: 15.0
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,154.8800
NAV(*): $1,124.9800
POP(*): $1,168.2400
PAR(*): $999.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/22/2020 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
33741B449 Monthly $1.7800 $37.4200 3.200% 2.008%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
01025PEA7 190,000 ALABAMA CMNTY CLG SYS BRD OF TTEES REV 4%, due 01/01/2049  AA AL 4.00000 01/01/2049M 01/01/2029 100.0000
303603JC9 150,000 FAIRBORN OH CITY SCH DIST 3.75%, due 12/01/2047  NR OH 3.75000 12/01/2047M 12/01/2025 100.0000
423542PE3 225,000 HEMET CA UNIF SCH DIST 4%, due 08/01/2042  AA CA 4.00000 08/01/2042M 08/01/2028 100.0000
432134CG7 225,000 HILLSBORO OR WTR REVENUE 3%, due 06/01/2049  NR OR 3.00000 06/01/2049M 06/01/2029 100.0000
452252NP0 350,000 ILLINOIS ST TOLL HIGHWAY AUTH 5%, due 01/01/2044  AA- IL 5.00000 01/01/2044M 07/01/2029 100.0000
491211AU2 325,000 KENTUCKY BOND DEV CORP INDL BLDG REV 4%, due 03/01/2049  A- KY 4.00000 03/01/2049M 03/01/2028 100.0000
499527DC0 225,000 KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD 4%, due 11/15/2043  A TN 4.00000 11/15/2043M 02/15/2029 100.0000
59261AYW1 200,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2049  AA NY 4.00000 11/15/2049M 05/15/2029 100.0000
59334NDY5 125,000 MIAMI-DADE CNTY FL HLTH FACS AUTH 4%, due 08/01/2047  A FL 4.00000 08/01/2047M 08/01/2027 100.0000
59447TVD2 225,000 MICHIGAN ST FIN AUTH REVENUE 4%, due 02/15/2047  NR MI 4.00000 02/15/2047M 08/15/2029 100.0000
613603B40 225,000 MONTGOMERY CNTY PA HGR EDU & HLTH AUTH 4%, due 09/01/2049  A PA 4.00000 09/01/2049M 09/01/2029 100.0000
664551DA3 150,000 N ESTRN PA HOSP & EDU AUTH 5%, due 05/01/2049  BBB+ PA 5.00000 05/01/2049M 05/01/2029 100.0000
66285WYA8 200,000 N TX TOLLWAY AUTH REVENUE 4.25%, due 01/01/2049  A TX 4.25000 01/01/2049M 01/01/2028 100.0000
656678VK2 285,000 NORTH ALLEGHENY PA SCH DIST 4%, due 05/01/2044  AA PA 4.00000 05/01/2044M 05/01/2029 100.0000
73420RAP4 200,000 PORT OF GTR CINCINNATI DEV AUTH OH 3.75%, due 12/01/2043  AA OH 3.75000 12/01/2043M 12/01/2028 100.0000
738034HE0 225,000 POTTER CNTY TX 4%, due 08/01/2049  AA- TX 4.00000 08/01/2049M 08/01/2029 100.0000
74442CBZ6 225,000 PUBLIC FIN AUTH WI HOSP REVENUE 4%, due 10/01/2049  NR WI 4.00000 10/01/2049M 04/01/2029 100.0000
764507DC0 350,000 RICHMOND CA WSTWTR REVENUE 4%, due 08/01/2049  AA- CA 4.00000 08/01/2049M 08/01/2029 100.0000
772249RG5 225,000 ROCK HILL SC UTILITY SYS REV 4%, due 01/01/2049  A SC 4.00000 01/01/2049M 01/01/2029 100.0000
91514AJV8 250,000 UNIV OF TEXAS TX UNIV REVENUES 5%, due 08/15/2049  AAA TX 5.00000 08/15/2049M    
97712DUE4 115,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH REV 3.50%, due 02/15/2046  A- WI 3.50000 02/15/2046M 02/15/2026 100.0000
 
Total Number of Holdings:    21


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.

COVID-19 Economic Impact Risk. The recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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 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
33741B449 (Cash)
33741B456 (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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