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Tax Exempt Municipal Income, 329  Ticker: FEPVJX
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.
Product Code: FT329
Portfolio Status: Secondary
Initial Offer Date: 05/11/2023
Secondary Date: 06/06/2023
Wtd Avg Maturity: 26.7
ELTR Life: 26.7
Tax Structure: Regulated Investment Company
Initial Offer Price: $999.0500
NAV(*): $865.3300
POP(*): $898.5900
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 09/27/2023 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
33741C280 Monthly $2.0100 $37.9600 4.220% 4.460%

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
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
072024WM0 250,000 BAY AREA CA TOLL AUTH TOLL BRIDGE REV 3%, due 04/01/2054  AA CA 3.00000 04/01/2054M 10/01/2029 100.0000
15276PRC5 250,000 CENTRL CA UNIF SCH DIST 4%, due 08/01/2050  NR CA 4.00000 08/01/2050M 08/01/2033 100.0000
167727C46 400,000 CHICAGO IL WSTWTR TRANSMISSION REV 5.25%, due 01/01/2053  AA IL 5.25000 01/01/2053M 07/01/2033 100.0000
185633DE1 250,000 CLEMSON SC UNIV HGR EDU REVENUE 4.125%, due 05/01/2053  NR SC 4.12500 05/01/2053M 05/01/2033 100.0000
19648FKU7 325,000 COLORADO ST HLTH FACS AUTH REV 3.25%, due 08/01/2049  A- CO 3.25000 08/01/2049M 08/01/2029 100.0000
20775DVC3 250,000 CONNECTICUT ST HLTH & EDUCTNL FACS AUTH 5.25%, due 07/01/2053  A- CT 5.25000 07/01/2053M 07/01/2033 100.0000
23503CAL1 250,000 DALLAS-FORT WORTH TX INTL ARPT REV 4%, due 11/01/2045  NR TX 4.00000 11/01/2045M 11/01/2030 100.0000
295542UF9 500,000 ERIE PA WTR AUTH WTR REVENUE 4.25%, due 12/01/2052  AA PA 4.25000 12/01/2052M 12/01/2028 100.0000
418780SE3 240,000 HATBORO-HORSHAM PA SCH DIST 4.125%, due 09/15/2051  NR PA 4.12500 09/15/2051M 09/15/2030 100.0000
443730QC3 100,000 HUDSON CNTY NJ IMPT AUTH LEASE REV 4%, due 10/01/2051  AA NJ 4.00000 10/01/2051M 10/01/2030 100.0000
46247DAR8 500,000 IOWA ST HGR EDU LOAN AUTH REV 4.50%, due 04/01/2048  A IA 4.50000 04/01/2048M 04/01/2033 100.0000
469205LF3 105,000 JACKSONVILLE AL ST UNIV REVENUE 4%, due 12/01/2050  BBB AL 4.00000 12/01/2050M 06/01/2030 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
60637AUZ3 300,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 4%, due 02/15/2051  BBB+ MO 4.00000 02/15/2051M 08/15/2031 100.0000
60637ANY4 250,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 4%, due 11/15/2049  NR MO 4.00000 11/15/2049M 05/15/2029 100.0000
641494HM4 250,000 NEVADA ST SYS OF HGR EDU CTFS PARTN 3%, due 07/01/2045  AA- NV 3.00000 07/01/2045M 07/01/2029 100.0000
64613CBM9 450,000 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 4%, due 06/15/2046  A- NJ 4.00000 06/15/2046M 12/15/2031 100.0000
680448CY1 125,000 OLDHAM CNTY KY PUBLIC FACS CONST 4%, due 02/01/2044  NR KY 4.00000 02/01/2044M 08/01/2032 100.0000
68450LGQ2 300,000 ORANGE CNTY FL HLTH FACS AUTH 4%, due 10/01/2052  A+ FL 4.00000 10/01/2052M 04/01/2032 100.0000
734122DJ0 250,000 PORT FREEPORT TX 4.125%, due 08/01/2053  NR TX 4.12500 08/01/2053M 08/01/2032 100.0000
815853VM5 250,000 SEGUIN TX INDEP SCH DIST 4.375%, due 02/15/2048  NR TX 4.37500 02/15/2048M 02/15/2032 100.0000
919261JM0 250,000 VALLEJO CA CITY UNIF SCH DIST 4.25%, due 08/01/2052  AA CA 4.25000 08/01/2052M 08/01/2031 100.0000
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 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. In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, 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.

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, ©2023 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
33741C280 (Cash)
33741C298 (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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