Tax Exempt Municipal Income, 344  Ticker: FHCKLX
 
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: FT344
Portfolio Status: Primary
Initial Offer Date: 10/20/2026
Wtd Avg Maturity: 26.4
ELTR Life: 26.4
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $937.3700
NAV(*): $947.2500
POP(*): $981.4200
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
Remaining Fees & Expenses
Estimated Organization Costs:** $5.0000
* As of Trade Date: 11/06/2026 4:00pm ET
The Public Offering Price (POP) represents the net asset value per unit plus any 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.
** Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering period.Estimated organization costs are assessed on a fixed dollar amount per unit basis which, as a percentage of average net assets, will vary over time.Actual expenses may be more or less than the estimates.Please see "Fee Table" in the trust prospectus for additional information.
If units are redeemed prior to the time when these fees are collected, these fees will not be deducted from the redemption proceeds.

 Income Information
CUSIP Frequency / Distributions Accrued Interest Estimated Annual Income Estimated Current Return Estimated Long Term Return
33741C629 Monthly $2.2300 $44.6900 4.550% 4.572%


 Holdings  Export Current Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
096278AV8 290,000 BLUFFDALE UT WTR REVENUE 4.50%, due 10/01/2046  AA- UT 4.50000 10/01/2046M 10/01/2036 100.0000
096278AX4 430,000 BLUFFDALE UT WTR REVENUE 4.50%, due 10/01/2048  AA- UT 4.50000 10/01/2048M 10/01/2036 100.0000
161036TS7 600,000 CHARLOTTE NC ARPT REVENUE 4%, due 07/01/2052  NR NC 4.00000 07/01/2052M 07/01/2032 100.0000
186550CC1 290,000 CLEVELAND TN HLTH & EDUCTNL FACS BRD 4.25%, due 08/15/2054  A TN 4.25000 08/15/2054M 08/15/2034 100.0000
213597NH6 200,000 COOK CNTY IL SCH DIST #57 4.25%, due 12/01/2048  AA+ IL 4.25000 12/01/2048M 12/01/2035 100.0000
248867HM8 685,000 DENTON TX 4.125%, due 02/15/2054  AA+ TX 4.12500 02/15/2054M 02/15/2034 100.0000
34061QCV7 350,000 FLORIDA DEV FIN CORP HLTHCARE FACS REV 4.50%, due 08/01/2055  A- FL 4.50000 08/01/2055M 02/01/2032 100.0000
395468QK0 1,270,000 GREENSBORO NC ENTERPRISE SYS REV 4.375%, due 06/01/2056  AAA NC 4.37500 06/01/2056M 06/01/2036 100.0000
451295C98 180,000 IDAHO ST HLTH FACS AUTH REVENU 4%, due 03/01/2051  A ID 4.00000 03/01/2051M 03/01/2032 100.0000
45204FTA3 250,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 08/15/2047  A+ IL 5.00000 08/15/2047M 08/15/2032 100.0000
45470EFV2 700,000 INDIANA FIN AUTH EDUCTNL FACS 5.50%, due 09/01/2055  A IN 5.50000 09/01/2055M 09/01/2035 100.0000
464637AR8 215,000 ISLE OF WIGHT CNTY VA ECON DEV AUTH 4.75%, due 07/01/2053  AA VA 4.75000 07/01/2053M 07/01/2033 100.0000
478251TR2 400,000 JOHNSON CITY TN 4.25%, due 06/01/2054  NR TN 4.25000 06/01/2054M 06/01/2033 100.0000
547647UU9 300,000 LOWELL MA 4.25%, due 09/01/2053  AA+ MA 4.25000 09/01/2053M 09/01/2032 100.0000
562400XL0 430,000 MANCHESTER TN 4.25%, due 06/01/2054  AA TN 4.25000 06/01/2054M 06/01/2033 100.0000
57421CNR1 395,000 MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 5.25%, due 08/15/2054  A MD 5.25000 08/15/2054M 02/15/2036 100.0000
603827N44 375,000 MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMN 4%, due 01/01/2054  A+ MN 4.00000 01/01/2054M 01/01/2034 100.0000
603827H58 175,000 MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMN 4.125%, due 01/01/2047  A+ MN 4.12500 01/01/2047M 01/01/2032 100.0000
64461XMF9 745,000 NEW HAMPSHIRE ST HLTH & EDU FACS AUTH 5.25%, due 08/01/2055  A NH 5.25000 08/01/2055M 08/01/2035 100.0000
64613CGJ1 150,000 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 4.125%, due 06/15/2050  A NJ 4.12500 06/15/2050M 12/15/2034 100.0000
64613CGL6 120,000 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 4.125%, due 06/15/2055  A NJ 4.12500 06/15/2055M 12/15/2034 100.0000
709230AT3 475,000 PENNSYLVANIA ST TURNPIKE COMMN OIL TAX REV 5.25%, due 12/01/2053  AA- PA 5.25000 12/01/2053M 12/01/2035 100.0000
74265L2K3 1,450,000 PRIV CLGS & UNIVS AUTH GA 5.25%, due 10/01/2051  A- GA 5.25000 10/01/2051M 10/01/2032 100.0000
759874DG2 1,295,000 RENO-TAHOE NV ARPT AUTH ARPT REV 5.25%, due 07/01/2054  A NV 5.25000 07/01/2054M 07/01/2034 100.0000
778430BN7 300,000 ROSSFORD OH EXEMPTED VLG SCH DIST CTFS PARTN 4.125%, due 12/01/2051  A+ OH 4.12500 12/01/2051M 12/01/2031 100.0000
781741QU0 1,300,000 RURAL WTR FING AGY KY PUBLIC PROJS 4.75%, due 08/01/2050  AA- KY 4.75000 08/01/2050M 08/01/2035 100.0000
881221FY6 700,000 TERREBONNE PARISH LA HOSP SVC DIST 1 HOSP REV 5.50%, due 04/01/2055  A LA 5.50000 04/01/2055M 04/01/2036 100.0000
9143185P1 635,000 UNIV OF IDAHO ID REVENUES 5.50%, due 04/01/2055  AA ID 5.50000 04/01/2055M 04/01/2035 100.0000
932493KZ1 395,000 WALLER TX INDEP SCH DIST 4%, due 02/15/2048  AA TX 4.00000 02/15/2048M 02/15/2033 100.0000
965611KA3 435,000 WHITESBORO TX INDEP SCH DIST 4%, due 02/15/2054  NR TX 4.00000 02/15/2054M 08/15/2034 100.0000
97712JMU4 265,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH 4.375%, due 08/15/2055  AA- WI 4.37500 08/15/2055M 08/15/2035 100.0000
98267AMZ9 1,120,000 WYANDOTTE CNTY/KANSAS CITY KS UNIF GOVT 4.375%, due 08/01/2052  AA KS 4.37500 08/01/2052M 08/01/2036 100.0000
 
Total Number of Holdings:    32


 Standard Account Sales Charges *
Transactional sales charges: Initial:  3.50%
  Deferred:  0.00%
Maximum Sales Charge:   3.50%
CUSIP Type Distribution
33741C629 Cash Monthly
* Based on the offer price as of 11/06/2026 4:00pm ET

 Fee/Wrap Account Sales Charges *
Maximum Sales Charge:   0.60%
CUSIP Type Distribution
33741C637 Cash-Wrap Monthly
* Based on the Fee/Wrap Account price as of 11/06/2026 4:00pm ET

 Estimated Fees & Expenses *
Estimated Organization Costs 0.533%
Estimated Annual Trust Operating Expenses 0.258%
As of Initial Offer Date
* Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering period.Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per unit basis which, as a percentage of average net assets, will vary over time.Actual expenses may be more or less than the estimates.Please see "Fee Table" in the trust prospectus for additional information.

Risk Considerations

Unit investment trusts are designed to be held until trust termination. If redeemed early, additional fees, such as remaining deferred sales charges, will be assessed.

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.

Market Risk. Market risk is the risk that a particular security, or units of a trust in general may fall in value. Securities are subject to market fluctuations caused by such factors as general economic conditions, political events, regulatory or market developments, changes in interest rates, and perceived trends in securities prices. Units of a trust could decline in value or underperform other investments as a result. In addition, local, regional, or global events such as war, acts of terrorism, spread of infectious disease or other public health issues, recessions, natural disasters, or other events could have significant negative impact on a trust.

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.

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