Tax Exempt Municipal Income, Intermediate, 47  Ticker: FROIYX
 
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: TEIN47
Portfolio Status: Secondary
Initial Offer Date: 01/24/2023
Secondary Date: 03/01/2023
Wtd Avg Maturity: 8.9
ELTR Life: 8.5
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,100.3000
NAV(*): $1,019.1300
POP(*): Not Avail
PAR(*): $991.3000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 06/12/2024 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
33741C249 Monthly $0.3300 $38.3000
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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
011903GZ8 145,000 ALASKA ST INDL DEV & EXPORT AUTH 4%, due 04/01/2032  A AK 4.00000 04/01/2032M 04/01/2029 100.0000
011903HA2 110,000 ALASKA ST INDL DEV & EXPORT AUTH 4%, due 04/01/2033  A AK 4.00000 04/01/2033M 04/01/2029 100.0000
034451CB8 100,000 ANDREWS CNTY TX HOSP DIST N/C, 5%, due 03/15/2029  NR TX 5.00000 03/15/2029M    
082850BF4 100,000 BENTON CNTY WA FIRE PROT DIST 4 4%, due 12/01/2033  AA- WA 4.00000 12/01/2033M 12/01/2028 100.0000
153744BG1 180,000 CENTRL ISLIP NY FIRE DIST 3.625%, due 06/01/2035  NR NY 3.62500 06/01/2035M 06/01/2029 100.0000
190813RV9 110,000 COBB CNTY GA KENNESTONE HOSP AUTH 4%, due 04/01/2035  A+ GA 4.00000 04/01/2035M 04/01/2030 100.0000
216146HV5 175,000 COOK CNTY IL TWP HIGH SCH DIST 220 5%, due 12/01/2034  AA IL 5.00000 12/01/2034M 12/01/2028 100.0000
340405MG1 150,000 FLORESVILLE TX ELEC LIGHT & PWR REV 4%, due 08/15/2032  A+ TX 4.00000 08/15/2032M 08/15/2028 100.0000
34061QBB2 120,000 FLORIDA DEV FIN CORP HLTHCARE FACS REV 4%, due 11/15/2035  NR FL 4.00000 11/15/2035M 11/15/2031 100.0000
348430PL7 150,000 FORT PIERCE FL UTILITIES AUTH 5%, due 10/01/2035  AA FL 5.00000 10/01/2035M 10/01/2032 100.0000
451185AN2 120,000 IDAHO FALLS ID CTFS PARTN 4%, due 09/15/2034  NR ID 4.00000 09/15/2034M 09/15/2030 100.0000
452031AM9 155,000 ILLINOIS ST FIN AUTH HEALTH SVCS FACS 5%, due 10/01/2034  BBB+ IL 5.00000 10/01/2034M 10/01/2030 100.0000
499527CY3 100,000 KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD 3.50%, due 11/15/2035  A TN 3.50000 11/15/2035M 02/15/2029 100.0000
556803AJ3 175,000 MADISON CNTY GA SCH DIST CTFS PARTN 4%, due 05/01/2032  NR GA 4.00000 05/01/2032M 05/01/2028 100.0000
57325VAR0 155,000 MARTIN CNTY TX HOSP DIST 4%, due 04/01/2032  NR TX 4.00000 04/01/2032M 04/01/2030 100.0000
59447TUU5 115,000 MICHIGAN ST FIN AUTH REVENUE 5%, due 02/15/2034  NR MI 5.00000 02/15/2034M 08/15/2029 100.0000
605360SL1 150,000 MISSISSIPPI ST HOSP EQUIPMENT & FACS AUTH 5%, due 01/01/2031  NR MS 5.00000 01/01/2031M 01/01/2030 100.0000
62821VFY9 100,000 MUSTANG TX SPL UTILITY DIST 4%, due 09/01/2034  AA+ TX 4.00000 09/01/2034M 09/01/2028 100.0000
63158NBV8 165,000 NASSAU CNTY FL PUBLIC IMPT REV 5%, due 05/01/2031  AA+ FL 5.00000 05/01/2031M    
642577VL1 100,000 NEW BRAUNFELS TX UTILITY REVENUE 4%, due 07/01/2034  A+ TX 4.00000 07/01/2034M 07/01/2028 100.0000
645790MV5 100,000 NEW JERSEY ST HLTH CARE FACS FING AUTH 4%, due 07/01/2035  A NJ 4.00000 07/01/2035M 07/01/2029 100.0000
702826LD8 100,000 PASSAIC VLY NJ SEWAGE COMMISSIONERS 3%, due 12/01/2032  AA NJ 3.00000 12/01/2032M 12/01/2028 100.0000
713178CE9 100,000 PEORIA IL 5%, due 01/01/2030  AA IL 5.00000 01/01/2030M 01/01/2029 100.0000
720175ZZ4 100,000 PIEDMONT SC MUNI PWR AGY ELEC REV 4%, due 01/01/2032  A- SC 4.00000 01/01/2032M 01/01/2031 100.0000
759151BG7 150,000 REGL CO TRANSPRTN DIST PRIV ACTIVITY REV N/C, 5%, due 01/15/2030  NR CO 5.00000 01/15/2030M    
798059KH3 125,000 SAN JACINTO RIVER TX AUTH WTR REV 4%, due 10/01/2034  AA- TX 4.00000 10/01/2034M 10/01/2028 100.0000
798111GT1 110,000 SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR 4%, due 01/15/2034  A CA 4.00000 01/15/2034M 01/15/2032 100.0000
819193AY9 100,000 SHAKOPEE MN INDEP SCH DIST #720 CTFS PARTN N/C, 4%, due 02/01/2030  NR MN 4.00000 02/01/2030M    
827422AR7 195,000 SILVER BOW CNTY MT SCH DIST #1 4%, due 07/01/2035  A MT 4.00000 07/01/2035M 07/01/2029 100.0000
92778FKM4 170,000 VIRGINIA CLG BLDG AUTH EDUCTNL FACS REV N/C, 5%, due 06/01/2031  BBB VA 5.00000 06/01/2031M    
979412BV4 155,000 WOODFORD LASALLE LIVINGSTON ETC CNTYS IL CUSD 6 4%, due 12/01/2034  AA IL 4.00000 12/01/2034M 12/01/2029 100.0000
 
Total Number of Holdings:    31


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.

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.

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.

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