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Tax Exempt Municipal Income, 295  Ticker: FORCHX
 
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: FT295
Portfolio Status: Secondary
Initial Offer Date: 09/08/2016
Secondary Date: 10/25/2016
Wtd Avg Maturity: 19.4
ELTR Life: 16.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,140.9700
NAV(*): $939.8200
POP(*): Not Avail
PAR(*): $993.6000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/11/2024 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
33740E816 Monthly $0.5100 $36.4500
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 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
010685JZ9 100,000 ALACHUA CNTY FL HLTH FACS AUTH 4%, due 12/01/2044  A FL 4.00000 12/01/2044M 12/01/2024 100.0000
167562QX8 100,000 CHICAGO IL MIDWAY ARPT REVENUE 5%, due 01/01/2046  A IL 5.00000 01/01/2046M 01/01/2026 100.0000
236388CC6 70,000 DANSVILLE MI SCHS 4%, due 05/01/2046  NR MI 4.00000 05/01/2046M 05/01/2026 100.0000
34073THF7 80,000 FLORIDA ST HGR EDUCTNL FACS FIN AUTH 5%, due 11/01/2046  BBB+ FL 5.00000 11/01/2046M 11/01/2026 100.0000
45204EEH7 215,000 ILLINOIS ST FIN AUTH REVENUE 4%, due 09/01/2041  A- IL 4.00000 09/01/2041M 09/01/2026 100.0000
45203H5F5 100,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 11/15/2045  A IL 5.00000 11/15/2045M 11/15/2025 100.0000
45204EBX5 50,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 12/01/2046  NR IL 5.00000 12/01/2046M 06/01/2026 100.0000
54811BQX2 100,000 LOWER COLORADO RIVER TX AUTH 4%, due 05/15/2042  A TX 4.00000 05/15/2042M 05/15/2026 100.0000
57582RLK0 115,000 MASSACHUSETTS ST 3%, due 09/01/2046  AA+ MA 3.00000 09/01/2046M 09/01/2026 100.0000
57583U6Q6 130,000 MASSACHUSETTS ST DEV FIN AGY REV 4%, due 07/01/2045  BBB MA 4.00000 07/01/2045M 07/01/2025 100.0000
59261AHR1 100,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2046  A- NY 4.00000 11/15/2046M 11/15/2026 100.0000
64990CFQ9 100,000 NEW YORK ST DORM AUTH REVENUES 4%, due 07/01/2042  NR NY 4.00000 07/01/2042M 07/01/2026 100.0000
70917TNY3 20,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 3%, due 06/15/2045  NR PA 3.00000 06/15/2045R 06/15/2026 100.0000
70917TPA3 120,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 3%, due 06/15/2045  NR PA 3.00000 06/15/2045M 06/15/2026 100.0000
709224QG7 95,000 PENNSYLVANIA ST TURNPIKE COMMN TPK REV 5%, due 12/01/2046  NR PA 5.00000 12/01/2046M 06/01/2026 100.0000
74442CAX2 130,000 PUBLIC FIN AUTH WI HOSP REVENUE 4.25%, due 06/01/2041  A WI 4.25000 06/01/2041M 06/01/2025 100.0000
76218NAP2 50,000 RHODE ISLAND ST COMMERCE CORP ARPT REV 5%, due 07/01/2046  A RI 5.00000 07/01/2046M 07/01/2026 100.0000
84552YPA3 115,000 S WSTRN IL DEV AUTH 3.875%, due 04/15/2040  AA- IL 3.87500 04/15/2040M 04/15/2026 100.0000
80372PAU0 135,000 SARPY CNTY NE HOSP AUTH NO 1 HLTH FACS REV 3%, due 05/15/2046  AA- NE 3.00000 05/15/2046M 05/15/2026 100.0000
850578TU9 105,000 SPRINGFIELD IL ELEC REVENUE 4%, due 03/01/2040  AA IL 4.00000 03/01/2040M 03/01/2025 100.0000
924166JG7 110,000 VERMONT ST EDUCTNL & HLTH BLDG FING AGY 4%, due 12/01/2046  A VT 4.00000 12/01/2046M 06/01/2026 100.0000
971039QV7 215,000 WILLOUGHBY-EASTLAKE OH CITY SCH DIST 3.75%, due 12/01/2041  NR OH 3.75000 12/01/2041M 12/01/2025 100.0000
 
Total Number of Holdings:    22


Risk Considerations

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

Current Mortgage Backed Risk. Certain of the closed-end funds included in the portfolio invest in mortgage-backed securities. Rising interest rates tend to extend the duration of mortgage-backed securities, making them more sensitive to changes in interest rates, and may reduce the market value of the securities. In addition, mortgage-backed securities are subject to prepayment risk, the risk that borrowers may pay off their mortgages sooner than expected, particularly when interest rates decline.

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.

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.

Fund Cusip Information
33740E816 (Cash)
33740E824 (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.
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