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Tax Exempt Municipal Income, 309  Ticker: FTSBHX
 
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: FT309
Portfolio Status: Secondary
Initial Offer Date: 09/24/2019
Secondary Date: 11/14/2019
Wtd Avg Maturity: 22.6
ELTR Life: 19.1
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,157.1100
NAV(*): $946.3500
POP(*): Not Avail
PAR(*): $1,001.1000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/11/2024 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
33741B506 Monthly $0.5200 $36.7400
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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
01025PES8 100,000 ALABAMA CMNTY CLG SYS BRD OF TTEES 4%, due 09/01/2044  AA AL 4.00000 09/01/2044M 03/01/2029 100.0000
072024VR0 100,000 BAY AREA CA TOLL AUTH TOLL BRIDGE REV 3.50%, due 04/01/2047  AA- CA 3.50000 04/01/2047M 04/01/2027 100.0000
091832AL9 85,000 BLACK BUTTE CA UNION ELEM SCH DIST 4%, due 08/01/2049  AA- CA 4.00000 08/01/2049M 02/01/2028 100.0000
11506KEQ0 295,000 BROWARD CNTY FL PORT FACS REV 5%, due 09/01/2049  A FL 5.00000 09/01/2049M 09/01/2029 100.0000
11861MAP1 135,000 BUCKS CNTY PA INDL DEV AUTH HOSP REV 4%, due 08/15/2044  A- PA 4.00000 08/15/2044M 08/15/2028 100.0000
271371ZB5 100,000 EAST CAROLINA NC UNIV 3.50%, due 10/01/2047  AA- NC 3.50000 10/01/2047M 04/01/2028 100.0000
315135JA2 100,000 FERNDALE MI 3.50%, due 10/01/2044  AA MI 3.50000 10/01/2044M 10/01/2027 100.0000
348172UH8 120,000 FORT MYERS FL UTILITY REVENUE 4%, due 10/01/2049  AA- FL 4.00000 10/01/2049M 10/01/2028 100.0000
398258AX1 155,000 GRIFFIN-SPALDING CNTY HOSP AUTH GA 3.75%, due 04/01/2047  A+ GA 3.75000 04/01/2047M 04/01/2027 100.0000
452252NP0 150,000 ILLINOIS ST TOLL HIGHWAY AUTH 5%, due 01/01/2044  AA- IL 5.00000 01/01/2044M 07/01/2029 100.0000
491501FE7 150,000 KENTUCKY ST MUNI PWR AGY PWR SYS 4%, due 09/01/2045  NR KY 4.00000 09/01/2045M 09/01/2028 100.0000
573428LC1 40,000 MARTINEZ CA UNIF SCH DIST 3.50%, due 08/01/2044  NR CA 3.50000 08/01/2044M 08/01/2027 100.0000
5742182S1 120,000 MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH 3.75%, due 05/15/2047  A MD 3.75000 05/15/2047M 05/15/2027 100.0000
59261AZX8 100,000 MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2047  AA NY 4.00000 11/15/2047M 11/15/2029 100.0000
60637APW6 85,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 4%, due 02/15/2049  NR MO 4.00000 02/15/2049M 02/15/2029 100.0000
67756DUG9 100,000 OHIO ST HGR EDUCTNL FAC COMMN 4%, due 10/01/2049  A- OH 4.00000 10/01/2049M 10/01/2029 100.0000
738034HE0 105,000 POTTER CNTY TX 4%, due 08/01/2049  AA- TX 4.00000 08/01/2049M 08/01/2029 100.0000
757288HE8 185,000 REDDING CA JT PWRS FING AUTH 3.25%, due 04/01/2044  A+ CA 3.25000 04/01/2044M 04/01/2029 100.0000
837031YP2 70,000 SOUTH CAROLINA ST JOBS-ECON DEV AUTH 5%, due 04/01/2044  A- SC 5.00000 04/01/2044M 04/01/2029 100.0000
95308RRG6 275,000 W HARRIS CNTY TX REGL WTR AUTH 4%, due 12/15/2049  AA- TX 4.00000 12/15/2049M 12/15/2029 100.0000
936268JW2 110,000 WARRIOR RIVER AL WTR AUTH WTR REV 4%, due 08/01/2046  AA AL 4.00000 08/01/2046M 08/01/2029 100.0000
959878RF8 160,000 WSTRN WASHINGTON UNIV WA 3%, due 04/01/2049  AA WA 3.00000 04/01/2049M 04/01/2029 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
33741B506 (Cash)
33741B514 (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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