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Insured Tax Exempt Municipal Income, 252  Ticker: FKWNLX
This unit investment trust seeks to provide investors with income exempt from federal and applicable state and local income tax and to preserve capital by investing in a portfolio of insured municipal bonds.
Please note that there is no assurance the objective will be met.
Product Code: FI252
Portfolio Status: Secondary
Initial Offer Date: 09/19/2017
Secondary Date: 03/16/2018
Wtd Avg Maturity: 23.7
ELTR Life: 14.6
Tax Structure: Regulated Investment Company
Initial Offer Price: $1,090.7400
NAV(*): $1,044.6400
POP(*): Not Avail
PAR(*): $998.6000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/25/2019 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
33739U649 Monthly $1.7200 $36.3100

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
080375DZ8 285,000 BELMONT FRESH WTR SPLY DIST 1 TX 3.50%, due 03/01/2042  AA TX 3.50000 03/01/2042M 03/01/2025 100.0000
167593XU1 310,000 CHICAGO IL O'HARE INTL ARPT REV 4.25%, due 01/01/2042  AA IL 4.25000 01/01/2042M 01/01/2027 100.0000
193495BA5 225,000 COLEMAN CNTY TX 3.25%, due 02/15/2042  AA TX 3.25000 02/15/2042M 02/15/2027 100.0000
20848RBM5 220,000 CONSERVATORY MET DIST CO ARAPAHOE CNTY 3.50%, due 12/01/2047  AA CO 3.50000 12/01/2047M 12/01/2027 100.0000
452678HH1 100,000 IMPERIAL CA UNIF SCH DIST 4%, due 08/01/2047  AA CA 4.00000 08/01/2047M 08/01/2027 100.0000
514282WA6 100,000 LANCASTER PA 4%, due 11/01/2046  AA PA 4.00000 11/01/2046M 05/01/2026 100.0000
53957RAN2 240,000 LOCAL PUBLIC SCHS FUNDING AUTH 4%, due 08/01/2042  AA CA 4.00000 08/01/2042M 08/01/2027 100.0000
551800HG3 105,000 LYNWOOD CA UNIF SCH DIST 4%, due 08/01/2042  AA CA 4.00000 08/01/2042M 08/01/2027 100.0000
5742162Z9 225,000 MARYLAND HLTH & HGR EDUCTNL FACS AUTH REV MEDLANTIC/HELIX ISSUE-SER A, 5.25%, due 08/15/2038  AA MD 5.25000 08/15/2038M    
60534WFT0 250,000 MISSISSIPPI ST DEV BANK SPL OBLG 4%, due 12/01/2046  AA MS 4.00000 12/01/2046M 12/01/2026 100.0000
61371AJU5 250,000 MONTGOMERY CNTY TX MUNI UTIL DIST 113 3.50%, due 09/01/2038  AA TX 3.50000 09/01/2038M 09/01/2023 100.0000
642628CV1 165,000 NEW BREMEN OH LOCAL SCH DIST 4%, due 12/01/2039  AA OH 4.00000 12/01/2039M 12/01/2025 100.0000
642815Q56 245,000 NEW BRUNSWICK NJ 4%, due 09/15/2049  AA NJ 4.00000 09/15/2049M 09/15/2027 100.0000
669096VF3 250,000 NORWALK-LA MIRADA CA UNIF SCH DIST 4%, due 08/01/2040  AA CA 4.00000 08/01/2040M 08/01/2027 100.0000
68608WAF9 150,000 OREGON ST UNIV GEN REVENUE 4%, due 04/01/2047  AA OR 4.00000 04/01/2047M 10/01/2026 100.0000
734353MS1 250,000 PORT HURON MI AREA SCH DIST 4%, due 05/01/2045  AA MI 4.00000 05/01/2045M 05/01/2026 100.0000
84552YQB0 375,000 S WSTRN IL DEV AUTH 4%, due 10/15/2040  AA IL 4.00000 10/15/2040M 10/15/2025 100.0000
850578TU9 200,000 SPRINGFIELD IL ELEC REVENUE 4%, due 03/01/2040  AA IL 4.00000 03/01/2040M 03/01/2025 100.0000
914026TX7 400,000 UNIV OF ALABAMA AL UNIV GEN REV 3.50%, due 07/01/2043  AA AL 3.50000 07/01/2043M 07/01/2027 100.0000
914513FH4 250,000 UNIV OF MONTEVALLO AL REVENUES 4%, due 05/01/2047  AA AL 4.00000 05/01/2047M 05/01/2027 100.0000
915138NQ0 275,000 UNIV OF TOLEDO OH 4%, due 06/01/2042  AA OH 4.00000 06/01/2042M 06/01/2027 100.0000
952718A79 250,000 W FARGO ND 3.125%, due 05/01/2038  AA ND 3.12500 05/01/2038M 05/01/2028 100.0000
Total Number of Holdings:    22

Risk Considerations

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 cyber security.

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 advisor 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.

Fund Cusip Information
33739U649 (Cash)
33739U656 (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 advisors 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.
First Trust Advisors L.P.
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