Tax Exempt Municipal Income, 327  Ticker: FHNMTX
 
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: FT327
Portfolio Status: Secondary
Initial Offer Date: 01/12/2023
Secondary Date: 01/31/2023
Wtd Avg Maturity: 26.1
ELTR Life: 26.1
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $991.3300
NAV(*): $929.0900
POP(*): $964.8100
PAR(*): $1,010.9000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 04/12/2024 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
33741C207 Monthly $0.6500 $38.4100 3.980% 4.050%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
010685KJ3 250,000 ALACHUA CNTY FL HLTH FACS AUTH 4%, due 12/01/2049  A FL 4.00000 12/01/2049M 12/01/2029 100.0000
155498LX4 530,000 CENTRL TX REGL MOBILITY AUTH REV 4%, due 01/01/2051  A TX 4.00000 01/01/2051M 01/01/2031 100.0000
194521BG4 485,000 CLG OF WSTRN ID ANNUAL APPROP CTFS PARTN 5%, due 08/01/2052  NR ID 5.00000 08/01/2052M 08/01/2032 100.0000
19648FKU7 100,000 COLORADO ST HLTH FACS AUTH REV 3.25%, due 08/01/2049  A- CO 3.25000 08/01/2049M 08/01/2029 100.0000
348430PV5 250,000 FORT PIERCE FL UTILITIES AUTH 4%, due 10/01/2052  AA FL 4.00000 10/01/2052M 10/01/2032 100.0000
45204FBG9 250,000 ILLINOIS ST FIN AUTH REVENUE 3.25%, due 08/15/2049  AA- IL 3.25000 08/15/2049M 08/15/2030 100.0000
52480GDW1 250,000 LEHIGH CNTY PA GEN PURPOSE HOSP REV 4%, due 07/01/2049  A+ PA 4.00000 07/01/2049M 07/01/2029 100.0000
593842CR6 250,000 MIAMI VLY CAREER TECH CENTER OH 3.75%, due 12/01/2047  NR OH 3.75000 12/01/2047M 06/01/2028 100.0000
59334DLV4 250,000 MIAMI-DADE CNTY FL WTR & SWR REV 4%, due 10/01/2049  AA- FL 4.00000 10/01/2049M 10/01/2029 100.0000
611245AU5 125,000 MONROE OH INCOME TAX REV 3.125%, due 12/01/2049  AA OH 3.12500 12/01/2049M 12/01/2029 100.0000
66283AHV1 250,000 N TX MUNI WTR DIST REGL WSTWTR SYS 4.25%, due 06/01/2047  AA TX 4.25000 06/01/2047M 06/01/2032 100.0000
64577XEE2 220,000 NEW JERSEY ST ECON DEV AUTH REV 5%, due 11/01/2052  A- NJ 5.00000 11/01/2052M 11/01/2032 100.0000
64972GXM1 190,000 NEW YORK CITY NY MUNI WTR FIN AUTH 3%, due 06/15/2050  AA+ NY 3.00000 06/15/2050M 12/15/2030 100.0000
671448AA6 250,000 OAK LAWN IL REGL WTR SYS REV 4%, due 12/01/2047  AA IL 4.00000 12/01/2047M 12/01/2031 100.0000
68450LGQ2 170,000 ORANGE CNTY FL HLTH FACS AUTH 4%, due 10/01/2052  A+ FL 4.00000 10/01/2052M 04/01/2032 100.0000
71780TBL6 250,000 PHILADELPHIA PA AUTH FOR INDL DEV 5.25%, due 11/01/2052  A- PA 5.25000 11/01/2052M 11/01/2032 100.0000
734782DB8 250,000 PORT NEW ORLEANS LA BRD OF COMMNRS 5%, due 04/01/2050  A LA 5.00000 04/01/2050M 04/01/2030 100.0000
74444KBJ2 105,000 PUBLIC FIN AUTH WI HLTHCARE FACS REV 4%, due 01/01/2045  A WI 4.00000 01/01/2045M 01/01/2030 100.0000
750804EQ5 295,000 RAINBOW CITY AL 4.375%, due 01/01/2053  AA AL 4.37500 01/01/2053M 01/01/2033 100.0000
874485DK8 100,000 TALLAHASSEE FL HLTH FACS REVENUE 4%, due 12/01/2046  NR FL 4.00000 12/01/2046M 12/01/2025 100.0000
87638TGV9 240,000 TARRANT CNTY TX CULTURAL EDU FACS FIN CORP 4%, due 07/01/2053  NR TX 4.00000 07/01/2053M 07/01/2032 100.0000
92778FKQ5 285,000 VIRGINIA CLG BLDG AUTH EDUCTNL FACS REV 4%, due 06/01/2046  BBB VA 4.00000 06/01/2046M 06/01/2031 100.0000
95308RWY1 250,000 W HARRIS CNTY TX REGL WTR AUTH 4%, due 12/15/2051  AA TX 4.00000 12/15/2051M 12/15/2031 100.0000
929833CU3 110,000 WACO TX EDUCTNL FIN CORP REVENUE 4%, due 03/01/2046  A+ TX 4.00000 03/01/2046M 03/01/2031 100.0000
939781Y87 350,000 WASHINGTON ST HGR EDU FACS AUTH 3%, due 04/01/2049  NR WA 3.00000 04/01/2049M 10/01/2029 100.0000
 
Total Number of Holdings:    25


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.

Market Disruption Risk. Ongoing armed conflicts between Russia and Ukraine in Europe and among Israel, Hamas and other militant groups in the Middle East, have caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, the Middle East and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain investments as well as performance.

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.

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