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Tax Exempt Municipal Income, 299  Ticker: FJMTPX
 
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: FT299
Portfolio Status: Secondary
Initial Offer Date: 09/12/2017
Secondary Date: 12/26/2017
Wtd Avg Maturity: 20.2
ELTR Life: 19.5
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,081.8000
NAV(*): $967.4000
POP(*): Not Avail
PAR(*): $991.3000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/02/2024 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
33739U565 Monthly $2.3200 $36.3900
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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
072024VQ2 135,000 BAY AREA CA TOLL AUTH TOLL BRIDGE REV 4%, due 04/01/2047  AA- CA 4.00000 04/01/2047M 04/01/2027 100.0000
102885HR4 100,000 BOWLING GREEN OH ST UNIV 3.75%, due 06/01/2046  AA- OH 3.75000 06/01/2046M 12/01/2025 100.0000
13048T2U6 115,000 CALIFORNIA ST MUNI FIN AUTH REV 4%, due 06/01/2047  NR CA 4.00000 06/01/2047M 06/01/2027 100.0000
130897ER8 80,000 CALISTOGA CA JT UNIF SCH DIST 4%, due 08/01/2046  NR CA 4.00000 08/01/2046M 08/01/2027 100.0000
155498EQ7 180,000 CENTRL TX REGL MOBILITY AUTH REV 3.375%, due 01/01/2041  A+ TX 3.37500 01/01/2041M 01/01/2026 100.0000
16557HEB7 280,000 CHESTER CNTY PA HLTH & EDU FACS AUTH 4%, due 10/01/2047  AA- PA 4.00000 10/01/2047M 10/01/2027 100.0000
223093TL9 130,000 COVINA-VLY CA UNIF SCH DIST 4%, due 08/01/2041  NR CA 4.00000 08/01/2041M 08/01/2026 100.0000
23281EFA4 185,000 CYPRESS RANCH TX WC&ID #1 4%, due 08/15/2046  AA TX 4.00000 08/15/2046M 11/01/2024 100.0000
39540KAV2 205,000 GREENON LOCAL SCH DIST OH 4%, due 10/01/2043  NR OH 4.00000 10/01/2043M 10/01/2026 100.0000
45204EPQ5 105,000 ILLINOIS ST FIN AUTH REVENUE 5%, due 02/15/2045  AA- IL 5.00000 02/15/2045M 02/15/2026 100.0000
57582RPP5 115,000 MASSACHUSETTS ST 4%, due 02/01/2045  AA+ MA 4.00000 02/01/2045M 02/01/2027 100.0000
5917453L6 90,000 MET ATLANTA GA RAPID TRANSIT AUTH 3.25%, due 07/01/2039  AAA GA 3.25000 07/01/2039M 07/01/2027 100.0000
59447TMQ3 140,000 MICHIGAN ST FIN AUTH REVENUE 4%, due 11/15/2046  A MI 4.00000 11/15/2046M 11/15/2026 100.0000
625517KN6 135,000 MULTNOMAH CNTY OR SCH DIST #1J 3.50%, due 06/15/2044  AA+ OR 3.50000 06/15/2044M 06/15/2027 100.0000
646066M31 130,000 NEW JERSEY ST EDUCTNL FACS AUTH 4%, due 07/01/2047  BBB+ NJ 4.00000 07/01/2047M 07/01/2027 100.0000
845063MS2 25,000 SOUTHWEST LICKING OH LOCAL SCH DIST 3.50%, due 11/01/2047  AA OH 3.50000 11/01/2047M 11/01/2027 100.0000
914026TM1 130,000 UNIV OF ALABAMA AL UNIV GEN REV 3.50%, due 07/01/2045  AA AL 3.50000 07/01/2045M 07/01/2027 100.0000
914119G22 125,000 UNIV OF CINCINNATI OH RECPTS 4%, due 06/01/2047  AA- OH 4.00000 06/01/2047M 06/01/2027 100.0000
914367HJ9 60,000 UNIV OF KANSAS KS HOSP AUTH HL 4%, due 03/01/2042  NR KS 4.00000 03/01/2027R 03/01/2027 100.0000
914367HZ3 140,000 UNIV OF KANSAS KS HOSP AUTH HL 4%, due 03/01/2042  AA- KS 4.00000 03/01/2042M 03/01/2027 100.0000
967001HF8 110,000 WICHITA CNTY TX 4%, due 09/15/2047  AA- TX 4.00000 09/15/2047M 09/15/2027 100.0000
97712DA63 150,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH 5%, due 02/15/2047  BBB WI 5.00000 02/15/2047M 02/15/2027 100.0000
 
Total Number of Holdings:    22


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.

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

Fund Cusip Information
33739U565 (Cash)
33739U573 (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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