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Tax Exempt Municipal Income, 335  Ticker: FYTTXX
 
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: FT335
Portfolio Status: Secondary
Initial Offer Date: 05/21/2024
Secondary Date: 06/28/2024
Wtd Avg Maturity: 26.9
ELTR Life: 23.9
Tax Structure: Regulated Investment Company
 
Initial Offer Price: $988.7900
NAV(*): $972.6900
POP(*): $1,010.0600
PAR(*): $1,000.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 10/02/2024 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
33741C447 Monthly $2.4700 $38.5900 3.820% 3.705%


 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
/Escrow(E)
/Refund(R)
Date
Next
Call Date
Call
Price
023025EH8 230,000 AMARILLO TX DRAIN UTIL SYS REV 4.125%, due 08/15/2048  AA TX 4.12500 08/15/2048M 08/15/2034 100.0000
047195LB6 225,000 ATHENS OH CITY SCH DIST 4%, due 12/01/2053  NR OH 4.00000 12/01/2053M 12/01/2031 100.0000
107416QP7 290,000 BREVARD CNTY FL HLTH FACS AUTH 5%, due 04/01/2052  A FL 5.00000 04/01/2052M 04/01/2032 100.0000
250336EY6 435,000 DESCHUTES CNTY OR HOSP FACS AUTH 3%, due 01/01/2051  A OR 3.00000 01/01/2051M 01/01/2031 100.0000
368497JU8 150,000 GEISINGER PA AUTH HLTH SYS REV 5%, due 04/01/2050  AA- PA 5.00000 04/01/2050M 04/01/2030 100.0000
396757KL9 455,000 GREENVILLE TX WTRWKS & SWR SYS REV 4.375%, due 02/15/2054  AA TX 4.37500 02/15/2054M 02/15/2033 100.0000
45204FWR2 250,000 ILLINOIS ST FIN AUTH REVENUE 4.25%, due 04/01/2052  AA- IL 4.25000 04/01/2052M 04/01/2034 100.0000
454272KQ7 655,000 INDIAN HILL OH EXEMPT VLG SCH 3%, due 12/01/2046  NR OH 3.00000 12/01/2046M 12/01/2030 100.0000
519079AX5 395,000 LAURENS CNTY PUB FAC AUTH SC 4.375%, due 09/01/2054  NR SC 4.37500 09/01/2054M 09/01/2034 100.0000
52480GDW1 100,000 LEHIGH CNTY PA GEN PURPOSE HOSP REV 4%, due 07/01/2049  A+ PA 4.00000 07/01/2049M 07/01/2029 100.0000
562281LJ2 450,000 MANCHESTER MI CMNTY SCHS 4.25%, due 05/01/2054  AA MI 4.25000 05/01/2054M 05/01/2034 100.0000
60637ARG9 140,000 MISSOURI ST HLTH & EDUCTNL FACS AUTH 3%, due 06/01/2053  A+ MO 3.00000 06/01/2053M 06/01/2030 100.0000
613603H28 305,000 MONTGOMERY CNTY PA HGR EDU & HLTH AUTH 3.25%, due 05/01/2055  A PA 3.25000 05/01/2055M 05/01/2032 100.0000
66283AJX5 700,000 N TX MUNI WTR DIST REGL WSTWTR SYS 4.375%, due 06/01/2049  AA TX 4.37500 06/01/2049M 06/01/2033 100.0000
639086JH1 300,000 NAUSET MA REGL SCH DIST 4%, due 05/15/2049  AA+ MA 4.00000 05/15/2049M 05/15/2032 100.0000
65000BT65 300,000 NEW YORK ST DORM AUTH REVENUES 5%, due 07/01/2044  BBB NY 5.00000 07/01/2044M 07/01/2034 100.0000
650009X81 505,000 NEW YORK ST THRUWAY AUTH 3%, due 01/01/2051  A+ NY 3.00000 01/01/2051M 07/01/2031 100.0000
658170GX7 780,000 NORTH CANTON OH CITY SCH DIST 4.50%, due 10/01/2054  NR OH 4.50000 10/01/2054M 10/01/2031 100.0000
65830RCQ0 845,000 NORTH CAROLINA ST TURNPIKE AUTH 5%, due 01/01/2049  BBB NC 5.00000 01/01/2049M 01/01/2030 100.0000
67756CEG9 300,000 OHIO ST HOSP REVENUE 4%, due 01/15/2050  A OH 4.00000 01/15/2050M 01/15/2030 100.0000
76223MCK6 100,000 RHODE ISLAND INFRASTRUCTURE BANK 4.125%, due 10/01/2053  AAA RI 4.12500 10/01/2053M 10/01/2034 100.0000
77743HDT6 250,000 ROSELLE IL PARK DIST 4.25%, due 01/01/2044  AA IL 4.25000 01/01/2044M 01/01/2033 100.0000
815832ZZ6 750,000 SEGUIN TX 4.25%, due 09/01/2054  AA TX 4.25000 09/01/2054M 09/01/2033 100.0000
837032CE9 450,000 SOUTH CAROLINA ST JOBS-ECON DEV AUTH 4.50%, due 11/01/2054  A+ SC 4.50000 11/01/2054M 05/01/2034 100.0000
8766728M1 250,000 TAUNTON MA 4%, due 03/01/2054  AA+ MA 4.00000 03/01/2054M 03/01/2033 100.0000
89602HHG5 400,000 TRIBOROUGH NY BRIDGE & TUNNEL AUTH 4.125%, due 05/15/2054  AA+ NY 4.12500 05/15/2054M 05/15/2034 100.0000
943700HM9 270,000 WAVERLY MI CMNTY SCH 4.25%, due 11/01/2052  AA MI 4.25000 11/01/2052M 05/01/2034 100.0000
 
Total Number of Holdings:    27


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.

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
33741C447 (Cash)
33741C454 (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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