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Tax Exempt Municipal Income, Intermediate, 43  Ticker: FKKVQX
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.
Product Code: TEIN43
Portfolio Status: Secondary
Initial Offer Date: 11/19/2019
Secondary Date: 12/20/2019
Wtd Avg Maturity: 8.9
ELTR Life: 7.6
Tax Structure: Regulated Investment Company
Initial Offer Price: $1,212.6400
NAV(*): $1,200.3000
POP(*): $1,237.5200
PAR(*): $996.2000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/18/2020 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
33741B522 Monthly $1.3900 $41.5700 3.360% 0.849%

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
076465Z22 250,000 BEDFORD TX 3%, due 02/01/2030  AA TX 3.00000 02/01/2030M 02/01/2027 100.0000
19648FJQ8 225,000 COLORADO ST HLTH FACS AUTH HOSP REV 5%, due 08/01/2030  BBB+ CO 5.00000 08/01/2030M 08/01/2029 100.0000
342816R31 225,000 FLORIDA ST MUNI PWR AGY N/C, 5%, due 10/01/2031  NR FL 5.00000 10/01/2031M    
363838DD2 225,000 GALLIPOLIS OH CITY SCH DIST 4%, due 12/01/2030  NR OH 4.00000 12/01/2030M 12/01/2029 100.0000
394856MJ4 140,000 GREENFIELD CA UNION SCH DIST 3%, due 08/01/2031  AA CA 3.00000 08/01/2031M 08/01/2027 100.0000
400208FK5 380,000 GRUNDY & WILL CNTYS IL CUSD 1 5%, due 02/01/2027  NR IL 5.00000 02/01/2027M 02/01/2026 100.0000
438701X82 150,000 HONOLULU CITY & CNTY HI WSTWTR SYS REV 3%, due 07/01/2031  NR HI 3.00000 07/01/2031M 07/01/2029 100.0000
45204EBQ0 225,000 ILLINOIS ST FIN AUTH REVENUE 4%, due 12/01/2030  NR IL 4.00000 12/01/2030M 06/01/2026 100.0000
452252NW5 100,000 ILLINOIS ST TOLL HIGHWAY AUTH N/C, 5%, due 01/01/2030  AA- IL 5.00000 01/01/2030M    
491501EB4 225,000 KENTUCKY ST MUNI PWR AGY PWR SYS REV 5%, due 09/01/2030  NR KY 5.00000 09/01/2030M 09/01/2025 100.0000
520134FK8 225,000 LAWRENCE KS HOSP REVENUE N/C, 5%, due 07/01/2028  A KS 5.00000 07/01/2028M    
67756DTW6 225,000 OHIO ST HGR EDUCTNL FAC COMMN 5%, due 10/01/2031  A- OH 5.00000 10/01/2031M 10/01/2029 100.0000
70917SU50 175,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 5%, due 05/01/2029  A- PA 5.00000 05/01/2029M 11/01/2027 100.0000
714033BN6 160,000 PERKASIE PA REGL AUTH WTR & SWR REV 4%, due 02/01/2030  AA PA 4.00000 02/01/2030M 02/01/2028 100.0000
733911CY5 220,000 PORT OF CORPUS CHRISTI TX AUTH 5%, due 12/01/2029  A+ TX 5.00000 12/01/2029M 12/01/2028 100.0000
748437LB4 185,000 QUINCY IL N/C, 4%, due 12/01/2026  AA IL 4.00000 12/01/2026M    
752274BJ8 180,000 RANDALL SD CMNTY WTR DIST 3%, due 12/01/2029  A SD 3.00000 12/01/2029M 12/01/2025 100.0000
756870BR1 350,000 RED RIVER EDU FIN CORP TX HGR EDU REV 5%, due 06/01/2028  BBB TX 5.00000 06/01/2028M 06/01/2027 100.0000
803300CZ3 145,000 SARASOTA CNTY FL PUBLIC HOSP BRD 5.50%, due 07/01/2028  NR FL 5.50000 07/01/2028M    
837031VA8 225,000 SOUTH CAROLINA ST JOBS-ECON DEV AUTH 5%, due 04/01/2030  A- SC 5.00000 04/01/2030M 04/01/2026 100.0000
914727CK6 100,000 UNIV OF NORTH FLORIDA FL FING CORP 5%, due 11/01/2027  A- FL 5.00000 11/01/2027M 11/01/2026 100.0000
952785FB4 225,000 WEST FELICIANA PARISH LA PCSD 1 N/C, 5%, due 03/01/2029  A LA 5.00000 03/01/2029M    
958638WB0 100,000 WSTRN MI UNIV N/C, 5%, due 11/15/2029  A MI 5.00000 11/15/2029M    
Total Number of Holdings:    23

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 recent outbreak of a respiratory disease designated as COVID-19 was first detected in China in December 2019. The global economic impact of the COVID-19 outbreak is impossible to predict but is expected to disrupt manufacturing, supply chains and sales in affected areas and negatively impact global economic growth prospects. The COVID-19 outbreak has also caused significant volatility and declines in global financial markets, which have caused losses for investors. The impact of the COVID-19 outbreak may be short term or may last for an extended period of time, and in either case could result in a substantial economic downturn or recession.

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.

Fund Cusip Information
33741B522 (Cash)
33741B530 (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.
First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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