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Tax Exempt Municipal Income, Intermediate, 46  Ticker: FPZGCX
 
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: TEIN46
Portfolio Status: Secondary
Initial Offer Date: 12/06/2022
Secondary Date: 12/23/2022
Wtd Avg Maturity: 9.7
ELTR Life: 9.3
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,078.5400
NAV(*): $1,071.7200
POP(*): $1,106.0100
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/08/2023 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
33741C124 Monthly $3.3800 $40.5000 3.660% 2.658%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
00611PAH8 500,000 ADAMS CNTY PA GEN AUTH CLG REV N/C, 5%, due 08/15/2030  A PA 5.00000 08/15/2030M    
01025PJZ7 325,000 ALABAMA CMNTY CLG SYS BRD OF TTEES 3%, due 09/01/2034  AA AL 3.00000 09/01/2034M 03/01/2031 100.0000
01025QAP6 125,000 ALABAMA CMNTY CLG SYS BRD OF TTEES 4%, due 09/01/2035  AA AL 4.00000 09/01/2035M 09/01/2031 100.0000
034451CE2 310,000 ANDREWS CNTY TX HOSP DIST 4%, due 03/15/2032  NR TX 4.00000 03/15/2032M 09/15/2030 100.0000
167593P48 150,000 CHICAGO IL O'HARE INTL APRT REV 4%, due 01/01/2035  A+ IL 4.00000 01/01/2035M 01/01/2030 100.0000
213057MX7 250,000 COOK & WILL CNTYS IL CMNTY CLG DIST 515 4%, due 12/01/2032  AA IL 4.00000 12/01/2032M 12/01/2028 100.0000
214057HB0 100,000 COOK CNTY IL SCH DIST NO 81 3%, due 12/01/2034  AA IL 3.00000 12/01/2034M 12/01/2029 100.0000
214165ME9 165,000 COOK CNTY IL SCH DIST NO 87 3%, due 12/01/2035  AA IL 3.00000 12/01/2035M 12/01/2030 100.0000
225022CQ3 175,000 CRAWFORD IL HOSP DIST N/C, 4%, due 01/01/2028  BBB IL 4.00000 01/01/2028M    
2350365L0 160,000 DALLAS-FORT WORTH TX INTL APRT REV 4%, due 11/01/2035  A+ TX 4.00000 11/01/2035M 11/01/2030 100.0000
2350366B1 250,000 DALLAS-FORT WORTH TX INTL ARPT REV 4%, due 11/01/2034  A+ TX 4.00000 11/01/2034M 11/01/2030 100.0000
2874976Q9 215,000 ELKHART IN CMNTY SCHS BLDG CORP 4%, due 07/15/2033  AA+ IN 4.00000 07/15/2033M 07/15/2032 100.0000
295435CP4 390,000 ERIE PA HGR EDU BLDG AUTH N/C, 5%, due 05/01/2030  BBB+ PA 5.00000 05/01/2030M    
452031AN7 525,000 ILLINOIS ST FIN AUTH HEALTH SVCS FACS 5%, due 10/01/2035  BBB+ IL 5.00000 10/01/2035M 10/01/2030 100.0000
45470ECJ2 110,000 INDIANA FIN AUTH EDUCTNL FACS N/C, 5%, due 07/01/2028  NR IN 5.00000 07/01/2028M    
514282D66 1,000,000 LANCASTER PA N/C, 5%, due 11/01/2032  AA PA 5.00000 11/01/2032M    
542691EM8 125,000 LONG ISLAND NY PWR AUTH ELEC SYS REV 4%, due 09/01/2033  A NY 4.00000 09/01/2033M 09/01/2031 100.0000
549203XE2 110,000 LUBBOCK TX ELEC LIGHT & PWR SYS 4%, due 04/15/2035  A TX 4.00000 04/15/2035M 04/15/2030 100.0000
564441AY9 395,000 MANSFIELD TWP NJ BURLINGTON CNTY 4%, due 11/01/2034  AA NJ 4.00000 11/01/2034M 11/01/2029 100.0000
586158QX8 130,000 MEMPHIS TN ELEC SYS REVENUE 3%, due 12/01/2035  A+ TN 3.00000 12/01/2035M 12/01/2030 100.0000
60637AUN0 550,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 5%, due 02/15/2032  BBB+ MO 5.00000 02/15/2032M 08/15/2031 100.0000
612043LK3 440,000 MONTANA ST FAC FIN AUTH HLTH CARE FACS 4%, due 07/01/2035  BBB- MT 4.00000 07/01/2035M 07/01/2030 100.0000
66285WF84 190,000 N TX TOLLWAY AUTH REVENUE 4%, due 01/01/2035  A+ TX 4.00000 01/01/2035M 01/01/2031 100.0000
642526YL5 145,000 NEW BRAUNFELS TX 4%, due 02/01/2031  AA TX 4.00000 02/01/2031M 02/01/2029 100.0000
64613CBA5 650,000 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5%, due 06/15/2032  BBB+ NJ 5.00000 06/15/2032M 12/15/2031 100.0000
647719PM9 500,000 NEW ORLEANS LA SEWAGE SVC REVENUE 5%, due 06/01/2034  A LA 5.00000 06/01/2034M 06/01/2030 100.0000
650370DK2 685,000 NEWARK NJ BRD OF EDU N/C, 5%, due 07/15/2030  AA NJ 5.00000 07/15/2030M    
732692CS5 290,000 PONTOTOC CNTY OK EDUCTNL FACS AUTH N/C, 4%, due 09/01/2028  NR OK 4.00000 09/01/2028M    
74444KCN2 165,000 PUBLIC FIN AUTH WI HLTHCARE FACS REV 4%, due 10/01/2035  A- WI 4.00000 10/01/2035M 10/01/2031 100.0000
74444KCG7 190,000 PUBLIC FIN AUTH WI HLTHCARE FACS REV N/C, 5%, due 10/01/2029  A- WI 5.00000 10/01/2029M    
772402JX2 145,000 ROCK ISLAND CNTY IL SCH DIST 37 3%, due 02/01/2032  AA IL 3.00000 02/01/2032M 02/01/2030 100.0000
798111GS3 235,000 SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR 5%, due 01/15/2033  A CA 5.00000 01/15/2033M 01/15/2032 100.0000
800711CY7 445,000 SANGAMON CNTY IL 3%, due 12/15/2034  AA IL 3.00000 12/15/2034M 12/15/2029 100.0000
816715BG0 210,000 SEMINOLE CNTY OK EDUCTNL FACS AUTH N/C, 3%, due 12/01/2030  BBB+ OK 3.00000 12/01/2030M    
819193AY9 200,000 SHAKOPEE MN INDEP SCH DIST #720 CTFS PARTN N/C, 4%, due 02/01/2030  NR MN 4.00000 02/01/2030M    
844181ME4 225,000 SOUTHFIELD MI 3%, due 05/01/2031  AA MI 3.00000 05/01/2031M 05/01/2029 100.0000
915395EV5 855,000 UPLAND IN ECON DEV REVENUE 4%, due 09/01/2031  A- IN 4.00000 09/01/2031M    
93978HUW3 240,000 WASHINGTON ST HLTH CARE FACS AUTH 5%, due 10/01/2031  A+ WA 5.00000 10/01/2031M 10/01/2028 100.0000
93978HYA7 145,000 WASHINGTON ST HLTH CARE FACS AUTH 5%, due 12/01/2033  NR WA 5.00000 12/01/2033M 12/01/2030 100.0000
940859FG1 125,000 WASHOE CNTY NV SCH DIST 4%, due 10/01/2034  AA NV 4.00000 10/01/2034M 10/01/2029 100.0000
979412BV4 485,000 WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CUSD 6 4%, due 12/01/2034  AA IL 4.00000 12/01/2034M 12/01/2029 100.0000
 
Total Number of Holdings:    41


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 professional 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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by FactSet Research Systems Inc. and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
33741C124 (Cash)
33741C132 (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 professionals 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. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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