Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Tax Exempt Municipal Income, Intermediate, 37  Ticker: FJNBMX
 
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: TEIN37
Portfolio Status: Secondary
Initial Offer Date: 10/23/2018
Secondary Date: 12/27/2018
Wtd Avg Maturity: 4.4
ELTR Life: 2.8
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,138.7500
NAV(*): $1,022.2000
POP(*): Not Avail
PAR(*): $990.7000
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
33741B241 Monthly $2.7100 $44.2800
---
---


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
167593ZB1 100,000 CHICAGO IL O'HARE INTL ARPT REV 5%, due 01/01/2031  A+ IL 5.00000 01/01/2031M 01/01/2027 100.0000
181059TY2 225,000 CLARK CNTY NV SCH DIST 5%, due 06/15/2026  AA- NV 5.00000 06/15/2026M 12/15/2025 100.0000
18604TCW6 130,000 CLEVELAND CNTY OK EDUCTNL FACS 5%, due 09/01/2029  A OK 5.00000 09/01/2029M 09/01/2027 100.0000
214579KK9 110,000 COOK CNTY IL SCH DIST NO 111 BURBANK N/C, 4%, due 12/01/2025  AA IL 4.00000 12/01/2025M    
34073TGC5 220,000 FLORIDA ST HGR EDUCTNL FACS FIN AUTH 5%, due 04/01/2029  A- FL 5.00000 04/01/2029M 04/01/2026 100.0000
3599006R3 110,000 FULTON CNTY GA DEV AUTH 5%, due 06/01/2027  NR GA 5.00000 06/01/2027M 06/01/2025 100.0000
44039MEN0 125,000 HORICON WI SCH DIST 4%, due 04/01/2030  NR WI 4.00000 04/01/2030M 04/01/2026 100.0000
59261APX9 115,000 MET TRANSPRTN AUTH NY REVENUE N/C, 5%, due 11/15/2027  A- NY 5.00000 11/15/2027M    
606092JA3 135,000 MISSOURI JT MUNI ELEC UTILITY COMMN 5%, due 06/01/2028  NR MO 5.00000 06/01/2028M 06/01/2025 100.0000
66285WVQ6 75,000 N TX TOLLWAY AUTH REVENUE 5%, due 01/01/2028  AA- TX 5.00000 01/01/2028M 01/01/2026 100.0000
63165TZU2 140,000 NASSAU CNTY NY 5%, due 10/01/2029  AA- NY 5.00000 10/01/2029M 10/01/2027 100.0000
65819PCB2 100,000 NORTH CAROLINA ST CENTRL UNIV N/C, 5%, due 10/01/2025  NR NC 5.00000 10/01/2025M    
659231AJ3 130,000 NORTH EAST TX REGL MOBILITY AUTH 5%, due 01/01/2030  A- TX 5.00000 01/01/2030M 01/01/2026 100.0000
665250CP9 100,000 NTHRN IL MUNI PWR AGY PWR PROJ 5%, due 12/01/2030  NR IL 5.00000 12/01/2030M 12/01/2026 100.0000
70914PB68 135,000 PENNSYLVANIA ST N/C, 5%, due 09/15/2026  A+ PA 5.00000 09/15/2026M    
71781XEW9 145,000 PHILADELPHIA PA AUTH FOR INDL DEV 3%, due 12/01/2030  NR PA 3.00000 12/01/2030M 12/01/2028 100.0000
7254637B3 100,000 PITTSFIELD MA 4%, due 09/01/2030  AA+ MA 4.00000 09/01/2030M 09/01/2027 100.0000
735352QE9 90,000 PORT SAINT LUCIE FL UTILITY REV 4%, due 09/01/2030  AA FL 4.00000 09/01/2030M 09/01/2026 100.0000
759911PT1 100,000 REGL TRANSPRTN AUTH IL 6.50%, due 07/01/2026  AA IL 6.50000 07/01/2026M    
803300CZ3 140,000 SARASOTA CNTY FL PUBLIC HOSP BRD 5.50%, due 07/01/2028  NR FL 5.50000 07/01/2028M    
914233F30 175,000 UNIV OF CONNECTICUT CT 5%, due 03/15/2028  AA- CT 5.00000 03/15/2028M 03/15/2026 100.0000
969080HK9 125,000 WILL GRUNDY ETC CNTYS IL CMNTY CLG DIST NO 525 4%, due 06/01/2030  NR IL 4.00000 06/01/2030M 06/01/2027 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.

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
33741B241 (Cash)
33741B258 (Cash-Wrap)
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 professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
Follow First Trust:  
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
Home |  Important Legal Information |  Privacy Policy |  California Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2024 All rights reserved.