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 Exempt Municipal Income, 322  Ticker: FLLMYX
 
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: FT322
Portfolio Status: Secondary
Initial Offer Date: 01/11/2022
Secondary Date: 03/01/2022
Wtd Avg Maturity: 26.7
ELTR Life: 26.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,111.2200
NAV(*): $801.1200
POP(*): $831.9100
PAR(*): $1,000.8000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 05/16/2022 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
33741B860 Monthly $0.6600 $29.3100 3.520% 3.938%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
119178HB0 100,000 BUENA PARK CA SCH DIST 4%, due 08/01/2048  NR CA 4.00000 08/01/2048M 08/01/2031 100.0000
18985DAR3 145,000 COACHELLA VLY CA WTR DIST REV CTFS PARTN 4%, due 08/01/2046  AA- CA 4.00000 08/01/2046M 08/01/2031 100.0000
343137MR3 350,000 FLORIDA ST TURNPIKE AUTH TPK REV 3%, due 07/01/2051  AA FL 3.00000 07/01/2051M 07/01/2031 100.0000
373586GV2 135,000 GEORGIA ST PORTS AUTH 2.625%, due 07/01/2051  AA GA 2.62500 07/01/2051M 07/01/2031 100.0000
41423PCC9 175,000 HARRIS CNTY TX TOLL ROAD REV 3%, due 08/15/2050  NR TX 3.00000 08/15/2050M 08/15/2030 100.0000
437887HV7 240,000 HOMEWOOD AL EDUCTNL BLDG AUTH REV 2.75%, due 12/01/2051  NR AL 2.75000 12/01/2051M 06/01/2031 100.0000
44244CA98 230,000 HOUSTON TX UTILITY SYS REVENUE 3%, due 11/15/2047  NR TX 3.00000 11/15/2047M 11/15/2030 100.0000
451295D22 225,000 IDAHO ST HLTH FACS AUTH REVENUE 3%, due 03/01/2051  A ID 3.00000 03/01/2051M 03/01/2032 100.0000
452252PY9 200,000 ILLINOIS ST TOLL HIGHWAY AUTH 4%, due 01/01/2046  AA- IL 4.00000 01/01/2046M 01/01/2032 100.0000
491501FD9 230,000 KENTUCKY ST MUNI PWR AGY PWR SYS REV 3%, due 09/01/2043  NR KY 3.00000 09/01/2043M 09/01/2028 100.0000
5374282L7 225,000 LITTLE ROCK AR SCH DIST 2.50%, due 02/01/2052  AA AR 2.50000 02/01/2052M 02/01/2027 100.0000
562361AN5 225,000 MANCHESTER NH SWR REVENUE 4%, due 06/01/2051  AA- NH 4.00000 06/01/2051M 06/01/2031 100.0000
584283HC2 130,000 MEDFORD OR HOSP FACS AUTH REVE 3%, due 08/15/2050  AA OR 3.00000 08/15/2050M 08/15/2030 100.0000
645790QF6 225,000 NEW JERSEY ST HLTH CARE FACS FING AUTH 2.625%, due 07/01/2051  AA- NJ 2.62500 07/01/2051M 07/01/2031 100.0000
665398NR0 100,000 NTHRN MI UNIV REVENUES 4%, due 06/01/2046  A MI 4.00000 06/01/2046M 06/01/2031 100.0000
67756DZG4 235,000 OHIO ST HGR EDUCTNL FAC COMMN 3%, due 11/01/2050  AA OH 3.00000 11/01/2050M 05/01/2031 100.0000
67756CFE3 225,000 OHIO ST HOSP REVENUE 3%, due 01/15/2046  A OH 3.00000 01/15/2046M 07/15/2031 100.0000
686356SN7 145,000 ORLAND PARK IL 3%, due 12/01/2045  AA+ IL 3.00000 12/01/2045M 12/01/2030 100.0000
70917TEB3 100,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 4%, due 07/15/2051  BBB PA 4.00000 07/15/2051M 07/15/2031 100.0000
722746AU8 175,000 PINE RIDGE CA ELEM SCH DIST 4%, due 08/01/2051  AA+ CA 4.00000 08/01/2051M 08/01/2031 100.0000
77345QAC8 240,000 ROCKINGHAM CNTY VA ECON DEV AUTH 2.625%, due 11/01/2050  AA VA 2.62500 11/01/2050M 11/01/2031 100.0000
79739GMY9 140,000 SAN DIEGO CNTY CA REGL ARPT AUTH 4%, due 07/01/2051  NR CA 4.00000 07/01/2051M 07/01/2031 100.0000
915395FE2 350,000 UPLAND IN ECON DEV REVENUE 4%, due 09/01/2046  A- IN 4.00000 09/01/2046M 09/01/2031 100.0000
91882RHA3 355,000 VAL VERDE CA UNIF SCH DIST 2.75%, due 08/01/2046  AA CA 2.75000 08/01/2046M 08/01/2028 100.0000
 
Total Number of Holdings:    24


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.

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.

Fund Cusip Information
33741B860 (Cash)
33741B878 (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.
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 © 2022 All rights reserved.