Home   Logon   Mobile Site   Research and Commentary   About Us   Call 1.800.621.1675 or Email Us       Follow Us: 

Search by Ticker, Keyword or CUSIP       

Tax Exempt Municipal Income, 249  Ticker: FTIMSX
This unit investment trust seeks to provide 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.
Product Code: FT249
Portfolio Status: Secondary
Initial Offer Date: 09/10/2009
Secondary Date: 09/21/2009
Wtd Avg Maturity: 1.0
ELTR Life: 1.0
Tax Structure: Regulated Investment Company
Initial Offer Price: $1,001.7200
NAV(*): $396.2600
POP(*): Not Avail
PAR(*): $384.0000
Remaining Deferred Sales Charge: $0.0000
* As of Trade Date: 02/16/2018 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
33735L361 Monthly $0.5300 $17.1900

 Holdings  Export Current Holdings | View Initial Holdings  
CUSIPParDescriptionS&P RatingStCouponMaturity(M)
Call Date
358229CM2 65,000 FRESNO CALIF SWR REV SER A1, 5.25%, due 09/01/2019  AA+ CA 5.25000 09/01/2019M    
54456FAK8 235,000 LOS ANGELES CALIF HSG AUTH MTG REV N/C, PPTY ACQUISITION REF-SER A, 5.20%, due 06/01/2019  A- CA 5.20000 06/01/2019M    
57586EK59 175,000 MASSACHUSETTS ST HLTH & EDUCTN FACS AUTH REV 7%, due 10/01/2019  NR MA 7.00000 10/01/2018R 10/01/2018 100.0000
57586EL33 120,000 MASSACHUSETTS ST HLTH & EDUCTN FACS AUTH REV 7%, due 10/01/2019  BBB+ MA 7.00000 10/01/2018R 10/01/2018 100.0000
59333TDB3 235,000 MIAMI-DADE CNTY FLA PUB FACS REV JACKSON HEALTH SYS, 5%, due 06/01/2023  AA FL 5.00000 06/01/2019R 06/01/2019 100.0000
59465MWA9 30,000 MICHIGAN HSG DEV AUTH SER B-2, NON-AMT, 4.375%, due 10/01/2019  AA MI 4.37500 10/01/2019M 10/01/2018 100.0000
607202BZ0 275,000 MOBILE ALA PUB EDL BLDG AUTH REV LGO SCH BDS-SER A, 4%, due 03/01/2020  AA AL 4.00000 03/01/2018R 03/17/2018 100.0000
607202CA4 150,000 MOBILE ALA PUB EDL BLDG AUTH REV LGO SCH BDS-SER A, 4%, due 03/01/2021  AA AL 4.00000 03/01/2018R 03/17/2018 100.0000
810472FQ8 285,000 SCOTTSDALE ARIZ INDL DEV AUTH HOSP REV N/C, REF-SCOTTSDALE HEALTHCARE-A, 5%, due 09/01/2018  NR AZ 5.00000 09/01/2018M    
791687BQ8 290,000 ST LOUIS MO REGL CNVNTN & SPORTS CMPLX AUTH N/C, REF-CNVNTN & SPORTS FAC-C, 5.25%, due 08/15/2020  A MO 5.25000 08/15/2020M    
97710BLP5 250,000 WISCONSIN ST HLTH & EDUCTNL FACS AUTH REV N/C, AURORA HEALTH CARE-A, 5%, due 08/15/2019  NR WI 5.00000 08/15/2019M    
Total Number of Holdings:    11

Risk Considerations

Sector Concentration Risk. A portfolio which is concentrated in an individual sector is subject to additional risks, including limited diversification.

Health Care Facilities Bond Risks. Healthcare facilities are subject to, among other things, demand for services, the ability to provide the services required, physicians' confidence in the facility, management capabilities, competition, efforts to limit rates, expenses, government regulation, the cost and possible unavailability of malpractice insurance and the termination or restriction of governmental financial assistance.

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.

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.

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 advisor 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.

Fund Cusip Information
33735L361 (Cash)
33735L379 (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 and the Internal Revenue Code. First Trust has no knowledge of and has not been provided any information regarding any investor. Financial advisors must determine whether particular investments are appropriate for their clients. First Trust believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect to its retirement plan clients.
First Trust Portfolios L.P.  Member SIPC and FINRA.
First Trust Advisors L.P.
Home |  Important Legal Information |  Privacy Policy |  Business Continuity Plan |  FINRA BrokerCheck
Copyright © 2018 All rights reserved.