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Tax Exempt Municipal Income Trust, Series 339
Ticker Symbol: FXIGNX

 
Aggregate
Principal
Name of Bond Issue S&P
Rating (1)
Redemption
Provisions (2)
$205,000 Brevard County Health Facilities Authority, Hospital Revenue, Series 2022A, (Health First Obligated Group), 5.00%, Due 04/01/2052 A 2032 @ 100
2048 @ 100 S.F.
170,000 Bucks County Industrial Development Authority, Hospital Revenue, Series 2021, (Saint Lukes University Health Network Project), 3.00%, Due 08/15/2053 A- 2030 @ 100
2051 @ 100 S.F.
390,000 Central Michigan University Board of Trustees, General Revenue, Series 2021, 3.00%, Due 10/01/2046 A+ 2031 @ 100
2042 @ 100 S.F.
450,000 Certificates of Participation, Series 2023A, Evidencing Undivided Proportionate Interests of the Owners thereof in Basic Lease Payments to be made by The School Board of Lee County, Florida, as Lessee, Pursuant to a Master Lease Purchase Agreement with Lee County School Board Leasing Corporation, as Lessor, 4.00%, Due 08/01/2046 (3) NR 2033 @ 100
2044 @ 100 S.F.
450,000 Certificates of Participation, Series 2025, Evidencing Proportionate Interests in the Base Rentals and other Revenues under an Annually Renewable Lease Purchase Agreement dated as of February 13, 2025, between U.S. Bank Trust Company, National Association, solely in its capacity as trustee under the Indenture, as lessor, and the City of Loveland, Colorado, as lessee, 4.50%, Due 12/01/2049 (3) AA- 2034 @ 100
2045 @ 100 S.F.
450,000 City of Corpus Christi, Texas, (A political subdivision of the State of Texas located in Nueces, San Patricio, Aransas and Kleberg Counties, Texas), Utility System Senior Lien Revenue Improvement and Refunding, Series 2023, 4.125%, Due 07/15/2053 (3) AA- 2033 @ 100
2049 @ 100 S.F.
950,000 City of Gainesville, Florida, Utilities System Revenue, 2021 Series A, Subseries A-2, 5.00%, Due 10/01/2051 A 2031 @ 100
2047 @ 100 S.F.
410,000 Clawson Public Schools, County of Oakland, State of Michigan, 2021 School Building and Site, (General Obligation - Unlimited Tax), 3.00%, Due 05/01/2045 AA 2031 @ 100
2044 @ 100 S.F.
725,000 College of Charleston, Charleston, South Carolina, Higher Education Facilities Revenue, Series 2025A, Assured Guaranty Insured, 4.25%, Due 04/01/2050 (3) (4) AA 2035 @ 100
2046 @ 100 S.F.
450,000 Colorado Bridge and Tunnel Enterprise, Senior Infrastructure Revenue, Series 2024A, Assured Guaranty Insured, 5.50%, Due 12/01/2054 (4) AA 2034 @ 100
2050 @ 100 S.F.
300,000 County of Union, North Carolina, Enterprise Systems Revenue, Series 2021, 3.00%, Due 06/01/2046 AA+ 2031 @ 100
2044 @ 100 S.F.
450,000 Dormitory Authority of the State of New York, Northwell Health Obligated Group, Revenue, Series 2024A, 4.00%, Due 05/01/2054 (3) A- 2034 @ 100
2053 @ 100 S.F.
210,000 The Health and Educational Facilities Board of the City of Cleveland, Tennessee, Revenue, (Hamilton Health Care System, Inc. Project), Series 2024A, 4.25%, Due 08/15/2054 (3) A+ 2034 @ 100
2050 @ 100 S.F.
100,000 The Hospital Facility Authority of Deschutes County, Oregon, Hospital Revenue, (St. Charles Health System, Inc.), Series 2020A (Tax-Exempt), 3.00%, Due 01/01/2051 (3) A 2031 @ 100
2050 @ 100 S.F.
450,000 Indiana Finance Authority, Health Facility Revenue, Series 2024, (Hendricks Regional Health), 5.25%, Due 03/01/2054 A- 2034 @ 100
2050 @ 100 S.F.
375,000 Lower Colorado River Authority, Transmission Contract Refunding Revenue, (LCRA Transmission Services Corporation Project), Series 2025, 5.00%, Due 05/15/2055 A 2034 @ 100
2051 @ 100 S.F.
450,000 Metropolitan Transportation Authority, Transportation Revenue, Series 2021A, 4.00%, Due 11/15/2050 A- 2031 @ 100
725,000 National Finance Authority, Revenue, (Abilene Christian University Energy Projects), consisting of, Series 2024A, 5.00%, Due 11/01/2049 A- 2034 @ 100
2046 @ 100 S.F.
450,000 OklahomaTurnpike Authority, Oklahoma Turnpike System, Second Senior Revenue, Series 2025A, Assured Guaranty Insured, 4.25%, Due 01/01/2055 (3) (4) AA 2035 @ 100
380,000 Orange County Health Facilities Authority, Hospital Revenue, (Orlando Health Obligated Group), Series 2022, 4.00%, Due 10/01/2052 A+ 2032 @ 100
2043 @ 100 S.F.
450,000 Pennsylvania Higher Educational Facilities Authority, The Trustees of the University of Pennsylvania, Revenue, Series A of 2025, 5.00%, Due 02/15/2055 AA+ 2035 @ 100
220,000 The Public Building Authority of the City of Irondale (Alabama), Lease Revenue, Series 2024, 4.00%, Due 10/01/2053 (3) AA- 2034 @ 100
2050 @ 100 S.F.
850,000 United City of Yorkville, Kendall County, Illinois, General Obligation (Alternate Revenue Source), Series 2025B, 4.375%, Due 12/30/2048 (3) AA 2034 @ 100
2046 @ 100 S.F.
450,000 Valley View Local School District, Montgomery and Preble Counties, Ohio, School Facilities Construction and Improvement, Series 2021, (General Obligation - Unlimited Tax), 3.00%, Due 11/01/2045 AA+ 2030 @ 100
2043 @ 100 S.F.

(1) As of the Initial Date of Deposit. The ratings are by Standard & Poor’s and are unaudited. “NR” indicates no rating by Standard & Poor’s. A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO), including Standard & Poor’s Rating Group, of the creditworthiness of an issuer with respect to debt obligations. Standard & Poor’s ratings are measured on a scale ranging from AAA (highest) to D (lowest). Sub-investment grade ratings are those rated BB+ or lower. Investment grade ratings are those rated BBB- or higher.

(2) Certain securities may be redeemed before their stated maturity. This column shows when a security is initially redeemable and the redemption price for that year. Securities are redeemable at declining prices (but not below par value) in subsequent years. S.F. indicates a sinking fund is established with respect to an issue of securities. Certain securities may also be redeemed in whole or in part other than by operation of the stated redemption provisions under certain circumstances detailed in the instruments creating them. Such redemption provisions may result in a redemption price less than the value of the securities on the Initial Date of Deposit. Estimated Current Return and Estimated Long-Term Return may also be affected by such redemptions.

(3) These securities were, or will be, issued at an original issue discount. See the prospectus for the issue dates and percentages of their original principal amount.

(4) Insurance has been obtained on this security. Such insurance coverage continues in force so long as a security is outstanding and the insurer remains in business. For securities with credit support from third party guarantees, the rating reflects the greater of the underlying rating of the issuer or the insured rating. See “Risk Factors” in the prospectus for a discussion of risks of investing in insured securities.


Not FDIC Insured • Not Bank Guaranteed • May Lose Value


Deposit Information
Date of Deposit 2/20/2025
Estimated Organization Costs per Unit: 0.601%
Estimated Annual Trust Operating Expenses per Unit: 0.255%
CUSIP 33741C520
Sales Charge 3.50% up-front
Wrap CUSIP 33741C538
Wrap Sales Charge 0.60% up-front

Estimated organization costs will be deducted from the assets of the trust at the end of the initial offering period.

Estimated organization costs and trust operating expenses are assessed on a fixed dollar amount per unit basis. Actual expenses may be more or less than the estimates.


Trust Specifics (as of close of business on 2/20/25)
Weighted Average Maturity:* 26.1 years
Initial Principal Amount (Par Value) of Securities: $1,000.00 per Unit
   
Standard Accounts:  
Initial Public Offering Price $1,000.46 per Unit
Estimated Current Return:** 4.04%
Estimated Long-Term Return:** 3.95%
Taxable Equivalent Estimated Current Return:*** 6.82%
   
Fee/Wrap Accounts:  
Initial Public Offering Price: $971.45 per Unit
Estimated Current Return:** 4.16%
Estimated Long-Term Return:** 4.16%
Taxable Equivalent Estimated Current Return:*** 7.03%

*Weighted average maturity represents the average amount of time remaining until the bonds held in the trust mature, taking into account each bond’s weight within the portfolio based on its market value.

**Estimated current return is calculated by dividing estimated net annual interest income per unit by the public offering price. Estimated long-term return is calculated using a formula which (1) factors in the relative weightings of the market values, yields and estimated retirements of the securities; and (2) takes into account a compounding factor, the sales charge and expenses. There is no assurance that the returns will be realized in the future because the various components used to calculate these figures will change. In addition, neither rate reflects the true return you will receive, which will be lower, because neither includes the effect of certain delays in distributions with respect to when the securities pay interest and when distributions are paid by the trust.

***The taxable equivalent estimated current return is for illustrative purposes only. This information illustrates approximately what you would have to earn on taxable investments to equal the tax-exempt estimated current return using the highest federal tax bracket and Medicare tax for 2025. This information is based on present law as of the date of publication and does not account for any proposed changes in tax rates. This information does not account for limitations on deductions, the alternative minimum tax or taxes other than Federal personal income tax.


Distributions

This unit investment trust seeks to distribute monthly income.

   
Initial Distribution per Unit: $2.13
Estimated Regular Distribution per Unit: $3.37

Distributions, if any, are paid on the twenty-fifth day of each month to unit holders of record on the tenth day of each month with the initial distribution per unit scheduled to occur on March 25, 2025 and estimated regular distributions per unit scheduled to begin on April 25, 2025. The actual distribution you receive will vary from that set forth above with changes in the portfolio’s fees and expenses and with the sale, maturity or redemption of securities.

You should consider the portfolio's investment objectives, risks, and charges and expenses carefully 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 portfolio. Read it carefully before you invest.

Risk Considerations
An investment in this unmanaged unit investment trust should be made with an understanding of the risks associated with an investment in municipal bonds. Municipal bonds are subject to numerous risks including rising interest rates, economic recession, deterioration of the municipal bond market, possible downgrades, increased volatility, reduced liquidity and defaults of interest and/or principal.

Certain of the securities in the trust are covered by insurance policies obtained by the issuers or underwriters of the bond 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.

This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity.

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.

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.

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.

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.

 

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, ©2025 CUSIP Global Services. "CUSIP" is a registered trademark of the American Bankers Association.

Fund Cusip Information
33741C520 (Cash)
33741C538 (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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First Trust Portfolios L.P.  Member SIPC and FINRA. (Form CRS)   •  First Trust Advisors L.P. (Form CRS)
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