Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       
 
 

Tax-Advantaged Municipal Closed-End, 53  Ticker: FJYBZX
 
Description
The Tax-Advantaged Municipal Closed-End Portfolio is a unit investment trust which seeks federally tax-exempt income and to preserve capital by investing in a diversified pool of closed-end funds that invest primarily in tax-exempt municipal bonds.
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TA2Y53
Portfolio Status: Secondary
Initial Offer Date: 12/21/2017
Secondary Date: 06/20/2018
Portfolio Ending Date: 12/20/2019
Tax Structure: Regulated Investment Company
Distributions: Monthly
 
Initial Offer Price: $10.0000
NAV(*): $9.4671
POP(*): Not Avail
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.

 Holdings  Export Current Holdings | View Initial Holdings  
NameSymbolWeighting
 Eaton Vance Municipal Bond Fund EIM 18.08%
 PIMCO Municipal Income Fund PMF 11.86%
 PIMCO Municipal Income Fund III PMX 11.63%
 Nuveen AMT-Free Municipal Value Fund NUW 10.09%
 Eaton Vance California Municipal Bond Fund EVM 7.36%
 BlackRock Municipal Income Investment Trust BBF 7.22%
 Federated Premier Municipal Income Fund FMN 5.81%
 Eaton Vance New York Municipal Bond Fund ENX 4.39%
 PIMCO California Municipal Income Fund III PZC 4.31%
 BlackRock Municipal Income Investment Quality Trust BAF 4.28%
 Nuveen California AMT-Free Quality Municipal Income Fund NKX 3.67%
 PIMCO New York Municipal Income Fund PNF 3.21%
 PIMCO New York Municipal Income Fund II PNI 3.04%
 Nuveen New York AMT-Free Quality Municipal Income Fund NRK 3.04%
 Nuveen Maryland Quality Municipal Income Fund NMY 2.01%
 
Total Number of Holdings:    15
Underlying Securities information represented above is as of 03/25/2019 but will vary with future fluctuations in the market.

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.

Closed-End Fund Risk. Closed-end funds are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding the funds or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, closed-end funds frequently trade at a discount to their net asset value in the secondary market. Certain closed-end funds employ the use of leverage, which increases the volatility of such funds.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

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
30306D620 (Cash)
30306D638 (Reinvest)
30306D646 (Cash-Fee)
30306D653 (Reinvest-Fee)
Printer Friendly Page Printer Friendly Page

 
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.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2019 All rights reserved.