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Tax Exempt Municipal Income, 326  Ticker: FQKXDX
 
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: FT326
Portfolio Status: Secondary
Initial Offer Date: 12/01/2022
Secondary Date: 01/04/2023
Wtd Avg Maturity: 27.6
ELTR Life: 22.8
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $946.7100
NAV(*): $944.3000
POP(*): $980.5900
PAR(*): $1,000.5000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/03/2023 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
33741C181 Monthly $2.8700 $38.1200 3.890% 3.787%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
017465EN1 140,000 ALLEGHENY VLY PA JT SEWAGE AUTH 4%, due 08/01/2047  AA PA 4.00000 08/01/2047M 02/01/2030 100.0000
167593M58 905,000 CHICAGO IL O'HARE INTL ARPT REV 5%, due 01/01/2048  A+ IL 5.00000 01/01/2048M 01/01/2029 100.0000
194521BG4 550,000 CLG OF WSTRN ID ANNUAL APPROP CTFS PARTN 5%, due 08/01/2052  NR ID 5.00000 08/01/2052M 08/01/2032 100.0000
20775DSR4 350,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 4%, due 07/01/2052  NR CT 4.00000 07/01/2052M 07/01/2032 100.0000
20775DST0 465,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 4%, due 07/01/2052  A- CT 4.00000 07/01/2052M 07/01/2032 100.0000
33803HGF3 1,005,000 FISHERS IN SEWAGE WKS REVENUE 3%, due 07/01/2051  AA IN 3.00000 07/01/2051M 07/01/2031 100.0000
348430PV5 510,000 FORT PIERCE FL UTILITIES AUTH 4%, due 10/01/2052  AA FL 4.00000 10/01/2052M 10/01/2032 100.0000
407272Z89 245,000 HAMILTON CNTY OH HOSP FACS REV 3.75%, due 08/15/2050  A+ OH 3.75000 08/15/2050M 08/15/2030 100.0000
41423PBD8 200,000 HARRIS CNTY TX TOLL ROAD REV 3%, due 08/15/2049  NR TX 3.00000 08/15/2049M 08/15/2028 100.0000
43466QAZ2 225,000 HOISINGTON KS PUB BLDG COMMN REV 3%, due 11/01/2045  A+ KS 3.00000 11/01/2045M 11/01/2029 100.0000
443730QC3 245,000 HUDSON CNTY NJ IMPT AUTH LEASE REV 4%, due 10/01/2051  AA NJ 4.00000 10/01/2051M 10/01/2030 100.0000
494791SH0 365,000 KING CNTY WA PUBLIC HOSP DIST 2 4%, due 12/01/2045  NR WA 4.00000 12/01/2045M 12/01/2029 100.0000
511350AX8 200,000 LAKE WORTH BEACH FL CONSOL UTIL REV 4%, due 10/01/2050  AA FL 4.00000 10/01/2050M 10/01/2030 100.0000
5742187M9 225,000 MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 3.50%, due 04/15/2050  A MD 3.50000 04/15/2050M 04/15/2030 100.0000
59334DMS0 225,000 MIAMI-DADE CNTY FL WTR & SWR REV 3%, due 10/01/2051  AA- FL 3.00000 10/01/2051M 04/01/2031 100.0000
60637ASE3 250,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 3%, due 11/15/2050  A+ MO 3.00000 11/15/2050M 11/15/2030 100.0000
60637AUZ3 500,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 4%, due 02/15/2051  BBB+ MO 4.00000 02/15/2051M 08/15/2031 100.0000
61075TWQ7 140,000 MONROE CNTY NY INDL DEV CORP 4%, due 12/01/2046  BBB+ NY 4.00000 12/01/2046M 12/01/2030 100.0000
613520NH4 400,000 MONTGOMERY CNTY OH HOSP REVENUE 4%, due 08/01/2051  A+ OH 4.00000 08/01/2051M 02/01/2031 100.0000
613603B57 300,000 MONTGOMERY CNTY PA HGR EDU & HLTH AUTH 5%, due 09/01/2051  A PA 5.00000 09/01/2051M 09/01/2029 100.0000
66285WG83 100,000 N TX TOLLWAY AUTH REVENUE 3%, due 01/01/2051  A+ TX 3.00000 01/01/2051M 01/01/2031 100.0000
64577XBE5 150,000 NEW JERSEY ST ECON DEV AUTH REV 5%, due 11/01/2044  BBB+ NJ 5.00000 11/01/2044M 11/01/2029 100.0000
64972GXG4 445,000 NEW YORK CITY NY MUNI WTR FIN AUTH 4%, due 06/15/2050  AA+ NY 4.00000 06/15/2050M 06/15/2030 100.0000
65000BSC3 250,000 NEW YORK ST DORM AUTH REVENUES 4%, due 07/01/2049  NR NY 4.00000 07/01/2049M 07/01/2030 100.0000
650010CF6 370,000 NEW YORK ST THRUWAY AUTH GEN REV 3%, due 01/01/2053  A- NY 3.00000 01/01/2053M 01/01/2030 100.0000
71780TBL6 450,000 PHILADELPHIA PA AUTH FOR INDL DEV 5.25%, due 11/01/2052  A- PA 5.25000 11/01/2052M 11/01/2032 100.0000
7599114F4 200,000 REGL TRANSPRTN AUTH IL 4%, due 06/01/2048  AA IL 4.00000 06/01/2048M 06/01/2028 100.0000
76912DBA5 200,000 RIVERSIDE CNTY CA TRANSPRTN COMMN 3%, due 06/01/2049  A CA 3.00000 06/01/2049M 06/01/2031 100.0000
875161DD0 450,000 TAMPA FL HOSP REVENUE 5%, due 07/01/2050  A- FL 5.00000 07/01/2050M 07/01/2030 100.0000
920202DS4 175,000 VLY VIEW OH LOCAL SCH DIST 3%, due 11/01/2051  AA OH 3.00000 11/01/2051M 11/01/2030 100.0000
929833CV1 110,000 WACO TX EDUCTNL FIN CORP REVENUE 4%, due 03/01/2051  A+ TX 4.00000 03/01/2051M 03/01/2031 100.0000
968214AT3 950,000 WILDWOOD UTILITY DEPENDENT DIST FL 5%, due 10/01/2052  AA FL 5.00000 10/01/2052M 10/01/2031 100.0000
 
Total Number of Holdings:    32


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 COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While the U.S. has resumed "reasonably" normal business activity, many countries continue to impose lockdown measures. Additionally, there is no guarantee that vaccines will be effective against emerging variants of the disease.

Market Disruption Risk. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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 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
33741C181 (Cash)
33741C199 (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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