Home Logon FTA Investment Managers Blog Subscribe About Us Contact Us

Search by Ticker, Keyword or CUSIP       
 
 

Tax Exempt Municipal Income, Intermediate, 48  Ticker: FIIMPX
 
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: TEIN48
Portfolio Status: Secondary
Initial Offer Date: 05/18/2023
Secondary Date: 06/21/2023
Wtd Avg Maturity: 8.8
ELTR Life: 8.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,085.8300
NAV(*): $1,035.8000
POP(*): $1,066.7600
PAR(*): $997.8000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 07/12/2024 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
33741C306 Monthly $0.5600 $39.8700 3.740% 2.953%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
04084RBR1 250,000 ARKANSAS DEV FIN AUTH HLTHCARE REV 5%, due 09/01/2033  BBB+ AR 5.00000 09/01/2033M 09/01/2030 100.0000
18910PBA2 260,000 CLOUD CNTY KS CMNTY CLG CTFS PARTN 4%, due 06/01/2033  A KS 4.00000 06/01/2033M 06/01/2028 100.0000
19648FJR6 130,000 COLORADO ST HLTH FACS AUTH REV 5%, due 08/01/2031  A- CO 5.00000 08/01/2031M 08/01/2029 100.0000
19648FKK9 125,000 COLORADO ST HLTH FACS AUTH REV 5%, due 08/01/2033  A- CO 5.00000 08/01/2033M 08/01/2029 100.0000
414542MH0 175,000 HARRIS-FORT BEND CNTYS TX MUNI UTIL DIST 1 4%, due 04/01/2036  AA TX 4.00000 04/01/2036M 04/01/2029 100.0000
45470ECL7 135,000 INDIANA FIN AUTH EDUCTNL FACS REV N/C, 5%, due 07/01/2030  NR IN 5.00000 07/01/2030M    
46247DAH0 175,000 IOWA ST HGR EDU LOAN AUTH REV N/C, 5%, due 04/01/2032  A IA 5.00000 04/01/2032M    
514282XK3 360,000 LANCASTER PA 4%, due 11/01/2031  AA PA 4.00000 11/01/2031M 11/01/2028 100.0000
53228QBP1 370,000 LIGONIER IN SEWAGE WKS REVENUE 4.50%, due 07/01/2034  A- IN 4.50000 07/01/2034M 07/01/2031 100.0000
543247Y53 500,000 LONGVIEW TX 4%, due 09/01/2035  AA TX 4.00000 09/01/2035M 09/01/2028 100.0000
55609GDY6 120,000 MACOUPIN SANGAMON & MONTGOMERY CNTYS IL CSD 34 5%, due 12/01/2033  AA IL 5.00000 12/01/2033M 12/01/2032 100.0000
57325VAS8 250,000 MARTIN CNTY TX HOSP DIST 4%, due 04/01/2033  NR TX 4.00000 04/01/2033M 04/01/2030 100.0000
582001FY4 180,000 MCLEAN CNTY IL CUSD 7 4%, due 12/01/2033  AA IL 4.00000 12/01/2033M 12/01/2030 100.0000
605360SL1 230,000 MISSISSIPPI ST HOSP EQUIPMENT & FACS AUTH 5%, due 01/01/2031  NR MS 5.00000 01/01/2031M 01/01/2030 100.0000
61204MDE4 255,000 MONTANA FAC FIN AUTH HLTH FACS REV 4%, due 06/01/2034  A MT 4.00000 06/01/2034M 06/01/2031 100.0000
660493CL9 215,000 N LINCOLN OR FIRE & RESCUE DIST 1 4%, due 06/15/2035  NR OR 4.00000 06/15/2035M 06/15/2028 100.0000
643330CH4 150,000 NEW CASTLE-HENRY CNTY IN LIBRARY BLDG CORP N/C, 5%, due 01/15/2030  A IN 5.00000 01/15/2030M    
713178FZ9 325,000 PEORIA IL 5%, due 01/01/2036  AA IL 5.00000 01/01/2036M 01/01/2033 100.0000
732692CW6 450,000 PONTOTOC CNTY OK EDUCTNL FACS AUTH 4%, due 09/01/2032  NR OK 4.00000 09/01/2032M 09/01/2031 100.0000
759911RY8 100,000 REGL TRANSPRTN AUTH IL 6%, due 07/01/2031  AA IL 6.00000 07/01/2031M    
768231FY3 250,000 RIVER GROVE IL N/C, 4%, due 12/15/2030  AA IL 4.00000 12/15/2030M    
952083KX0 185,000 WEST CHICAGO IL PARK DIST 3%, due 12/01/2031  AA IL 3.00000 12/01/2031M 12/01/2029 100.0000
 
Total Number of Holdings:    22


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.

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, ©2024 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
33741C306 (Cash)
33741C314 (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.
Follow First Trust:  
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 © 2024 All rights reserved.