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Tax Exempt Municipal Income Intermediate, 35  Ticker: FKORQX
 
Description
This unit investment trust seeks to distribute income exempt from federal and, in certain instances, state and local income taxes and to preserve capital by investing in a portfolio of investment grade tax-exempt municipal bonds..
Please note that there is no assurance the objective will be met.
 
Summary
Product Code: TEIN35
Portfolio Status: Secondary
Initial Offer Date: 07/12/2018
Secondary Date: 09/07/2018
Wtd Avg Maturity: 3.8
ELTR Life: 3.2
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,133.1900
NAV(*): $974.1900
POP(*): Not Avail
PAR(*): $954.6000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 03/28/2024 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
33741B142 Monthly $2.4400 $39.5600
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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
214102CC7 65,000 COOK CNTY IL SCH DIST NO 84-5 RHODES N/C, 5%, due 12/01/2026  AA IL 5.00000 12/01/2026M    
214102CE3 100,000 COOK CNTY IL SCH DIST NO 84-5 RHODES N/C, 5%, due 12/01/2028  AA IL 5.00000 12/01/2028M    
304009GX5 75,000 FAIRFAX MN 3.25%, due 02/01/2029  A MN 3.25000 02/01/2029M 02/01/2026 100.0000
342816Q24 50,000 FLORIDA ST MUNI PWR AGY 4%, due 10/01/2028  NR FL 4.00000 10/01/2028M 10/01/2027 100.0000
371608TM2 90,000 GENESEE CNTY MI 5%, due 02/01/2028  AA MI 5.00000 02/01/2028M 02/01/2025 100.0000
42521RBN1 125,000 HENDERSON NV PUBLIC IMPT TRUST 3%, due 01/01/2026  NR NV 3.00000 01/01/2026M    
45203HX49 115,000 ILLINOIS ST FIN AUTH REVENUE N/C, 5%, due 08/15/2025  NR IL 5.00000 08/15/2025M    
462466FR9 85,000 IOWA ST FIN AUTH HLTH FACS REV 5%, due 08/15/2030  NR IA 5.00000 08/15/2030M 02/15/2026 100.0000
511665KC4 60,000 LAKELAND FL HOSP SYS REVENUE 5%, due 11/15/2029  NR FL 5.00000 11/15/2029M 11/15/2026 100.0000
562895PR7 15,000 MANHATTAN KS 4%, due 11/01/2030  NR KS 4.00000 11/01/2030M 11/01/2028 100.0000
56516TBP9 120,000 MAPLE GROVE MN HLTH CARE FACS 5%, due 05/01/2030  NR MN 5.00000 05/01/2030M 05/01/2027 100.0000
664556BP1 110,000 N ESTRN PA HOSP & EDU AUTH N/C, 5%, due 03/01/2026  BBB- PA 5.00000 03/01/2026M    
66353LCT2 210,000 NORTHAMPTON CNTY PA GEN PURP AUTH CLG REV N/C, 5%, due 10/01/2026  BBB+ PA 5.00000 10/01/2026M    
67884GBE3 60,000 OKLAHOMA DEV FIN AUTH LEASE 3.375%, due 04/01/2029  NR OK 3.37500 04/01/2029M 04/01/2028 100.0000
68825RHT0 115,000 OSHKOSH WI STORM WTR UTILITY REV 4%, due 05/01/2029  AA WI 4.00000 05/01/2029M 05/01/2027 100.0000
76218NAA5 135,000 RHODE ISLAND ST COMMERCE CORP ARPT REV N/C, 5%, due 07/01/2026  A RI 5.00000 07/01/2026M    
803300CZ3 155,000 SARASOTA CNTY FL PUBLIC HOSP BRD 5.50%, due 07/01/2028  NR FL 5.50000 07/01/2028M    
844181LS4 100,000 SOUTHFIELD MI 4%, due 05/01/2029  AA MI 4.00000 05/01/2029M 05/01/2027 100.0000
858892NT5 5,000 STEPHENSON CNTY IL SCH DIST #1 3.375%, due 02/01/2030  AA IL 3.37500 02/01/2028R 02/01/2028 100.0000
858892NZ1 75,000 STEPHENSON CNTY IL SCH DIST #145 3.375%, due 02/01/2030  AA IL 3.37500 02/01/2030M 02/01/2028 100.0000
858892MW9 45,000 STEPHENSON CNTY IL SCH DIST 145 3.375%, due 02/01/2030  AA IL 3.37500 02/01/2028R 02/01/2028 100.0000
 
Total Number of Holdings:    21


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.

Fund Cusip Information
33741B142 (Cash)
33741B159 (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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First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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