Tax Exempt Municipal Income Intermediate, 33  Ticker: FGERTX
 
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: TEIN33
Portfolio Status: Secondary
Initial Offer Date: 02/20/2018
Secondary Date: 03/28/2018
Wtd Avg Maturity: 3.5
ELTR Life: 2.8
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,135.5900
NAV(*): $1,003.2500
POP(*): Not Avail
PAR(*): $980.1000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/27/2024 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
33739U789 Monthly $2.4400 $41.7300
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
091096KP1 130,000 BIRMINGHAM AL WTRWKS BRD WTR REV 5%, due 01/01/2029  AA AL 5.00000 01/01/2029M 01/01/2027 100.0000
116405NH0 110,000 BROWNSVILLE TX 5%, due 02/15/2027  AA TX 5.00000 02/15/2027M 02/15/2026 100.0000
19648FFH2 105,000 COLORADO ST HLTH FACS AUTH HOSP REV N/C, 5%, due 05/15/2027  A CO 5.00000 05/15/2027M    
215309JU0 55,000 COOK CNTY IL SCH DIST NO 163 3%, due 12/15/2029  AA IL 3.00000 12/15/2029M 12/15/2027 100.0000
240685JR9 120,000 DE KALB CNTY IL CUSD 428 DE KALB 3%, due 01/01/2030  NR IL 3.00000 01/01/2030M 01/01/2026 100.0000
283734C25 100,000 EL PASO TX 5%, due 08/15/2028  AA TX 5.00000 08/15/2028M 08/15/2026 100.0000
505493AP1 110,000 LACKAWANNA CNTY PA INDL DEV AUTH 5%, due 11/01/2029  A- PA 5.00000 11/01/2029M 11/01/2027 100.0000
54675RCT6 110,000 LOUISVILLE & JEFFERSON CNTY KY MET GOVT CLG N/C, 4%, due 05/01/2024  NR KY 4.00000 05/01/2024M    
57584XNE7 100,000 MASSACHUSETTS ST DEV FIN AGY REV N/C, 5%, due 07/01/2026  BBB MA 5.00000 07/01/2026M    
597749R93 10,000 MIDLAND TX 4%, due 03/01/2029  AA TX 4.00000 03/01/2029M 03/01/2027 100.0000
606092LN2 110,000 MISSOURI JT MUNI ELEC UTILITY COMMN N/C, 5%, due 01/01/2027  NR MO 5.00000 01/01/2027M    
647753LH3 75,000 NEW ORLEANS LA WTR REVENUE 5%, due 12/01/2026  A- LA 5.00000 12/01/2026M 12/01/2025 100.0000
70914PE32 105,000 PENNSYLVANIA ST 5%, due 09/15/2027  A+ PA 5.00000 09/15/2027M 09/15/2026 100.0000
759911NG1 115,000 REGL TRANSPRTN AUTH IL 6%, due 06/01/2025  AA IL 6.00000 06/01/2025M    
79773TAL9 75,000 SAN FRANCISCO CNTY CA TRANSPRTN AUTH 3%, due 02/01/2030  AA+ CA 3.00000 02/01/2030M 02/01/2027 100.0000
850578TK1 80,000 SPRINGFIELD IL ELEC REVENUE 5%, due 03/01/2027  A IL 5.00000 03/01/2027M 03/01/2025 100.0000
914233K67 65,000 UNIV OF CONNECTICUT CT 5%, due 01/15/2028  AA- CT 5.00000 01/15/2028M 01/15/2027 100.0000
 
Total Number of Holdings:    17


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 ongoing effects of the COVID-19 global pandemic, or the potential impacts of any future public health crisis, may cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease.

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, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.