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Tax Exempt Municipal Income, 334  Ticker: FZWKYX
 
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: FT334
Portfolio Status: Secondary
Initial Offer Date: 03/20/2024
Secondary Date: 04/17/2024
Wtd Avg Maturity: 26.3
ELTR Life: 23.7
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $1,025.7100
NAV(*): $985.0200
POP(*): $1,022.8800
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 12/12/2024 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
33741C421 Monthly $0.3300 $39.4100 3.850% 3.749%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
08869FGN3 450,000 BIBB CNTY GA DEV AUTH 4.375%, due 07/01/2054  A+ GA 4.37500 07/01/2054M 07/01/2034 100.0000
167560VE8 450,000 CHICAGO IL MET WTR RECLAMATION DIST 4%, due 12/01/2046  AA+ IL 4.00000 12/01/2046M 12/01/2031 100.0000
170704TJ9 250,000 CHRISTIAN CNTY KY SCH DIST FIN CORP 4.50%, due 10/01/2053  AA KY 4.50000 10/01/2053M 10/01/2033 100.0000
19648FXU3 250,000 COLORADO ST HLTH FACS AUTH REV 5.25%, due 12/01/2054  A- CO 5.25000 12/01/2054M 06/01/2034 100.0000
225472BV0 250,000 CREEK CNTY OK EDUCTNL FACS AUTH 4.125%, due 09/01/2048  AA OK 4.12500 09/01/2048M 09/01/2034 100.0000
229185CX9 150,000 CRYSTAL CLEAR SPL UTIL DIST TX 3.50%, due 12/01/2048  AA TX 3.50000 12/01/2048M 12/01/2033 100.0000
278245LV5 250,000 EATON RAPIDS MI PUBLIC SCHS 4.125%, due 05/01/2050  NR MI 4.12500 05/01/2050M 05/01/2034 100.0000
414181DW4 250,000 HARRIS CNTY TX IMPT DIST #1 4%, due 09/01/2049  AA- TX 4.00000 09/01/2049M 09/01/2029 100.0000
444348A89 250,000 HUFFMAN TX INDEP SCH DIST 4%, due 02/15/2054  NR TX 4.00000 02/15/2054M 02/15/2034 100.0000
524803CM3 425,000 LEHIGH CNTY PA AUTH WTR & SWR REV 4.25%, due 12/01/2053  AA PA 4.25000 12/01/2053M 06/01/2034 100.0000
56042RYJ5 250,000 MAINE HLTH & HGR EDUCTNL FACS AUTH 4%, due 07/01/2050  A+ ME 4.00000 07/01/2050M 07/01/2030 100.0000
59261AYZ4 400,000 MET TRANSPRTN AUTH NY REVENUE 5%, due 11/15/2052  A- NY 5.00000 11/15/2052M 05/15/2029 100.0000
600077AX9 450,000 MILLARD UT SCH DIST LOCAL BLDG AUTH 4.25%, due 05/15/2054  AA UT 4.25000 05/15/2054M 05/15/2034 100.0000
60637ARH7 250,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 4%, due 06/01/2053  A+ MO 4.00000 06/01/2053M 06/01/2030 100.0000
62821VJQ2 250,000 MUSTANG TX SPL UTILITY DIST 4.375%, due 09/01/2051  AA+ TX 4.37500 09/01/2051M 09/01/2033 100.0000
64613CCK2 155,000 NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 5%, due 06/15/2048  A- NJ 5.00000 12/15/2032R 12/15/2032 100.0000
650010CN9 250,000 NEW YORK ST THRUWAY AUTH GEN REV 4%, due 01/01/2050  AA NY 4.00000 01/01/2050M 01/01/2030 100.0000
70917S6Y4 250,000 PENNSYLVANIA ST HGR EDUCTNL FACS AUTH 4%, due 08/15/2049  AA PA 4.00000 08/15/2049M 08/15/2029 100.0000
89602HBY2 250,000 TRIBOROUGH NY BRIDGE & TUNNEL AUTH 4%, due 05/15/2051  AA+ NY 4.00000 05/15/2051M 11/15/2031 100.0000
916672S74 150,000 UPPER TRINITY TX REGL WTR DIST 4%, due 08/01/2052  AA TX 4.00000 08/01/2052M 08/01/2032 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
93978HXL4 155,000 WASHINGTON ST HLTH CARE FACS AUTH 4%, due 09/01/2050  NR WA 4.00000 09/01/2050M 09/01/2030 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.

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.

Public Health Crisis Risk. A public health crisis, and the ensuing policies enacted by governments and central banks in response, could cause significant volatility and uncertainty in global financial markets, negatively impacting global growth prospects.

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

Fund Cusip Information
33741C421 (Cash)
33741C439 (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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