FT High Income Municipal Model, 8

Description

A unit investment trust that seeks to provide high income that is exempt from federal income taxes with a secondary objective of capital appreciation. It is important to note that certain distributions paid by certain funds may be subject to federal income taxes and may be subject to the alternative minimum tax.

Please note that there is no assurance the objective will be met.

Summary

Product Code:

FTHM8

Portfolio Status:

Primary

Initial Offer Date:

09/27/2024

Portfolio Ending Date:

01/06/2026

Tax Structure:

Regulated Investment Company

Distributions:

Monthly

Initial Offer Price:	$10.0000
NAV(*):	$9.7084
POP(*):	$9.8562
Remaining Deferred Sales Charge:	$0.1500

* As of Trade Date: 10/30/2024 4:00pm ET


Fact Sheet	Prospectus

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.

Historical 12-Month Distribution of Trust Holdings:^

Rate (as of 10/30/2024)	Per Unit (as of 10/28/2024)
2.89%	$0.28530

^ There is no guarantee the issuers of the securities included in the trust will declare dividends or distributions in the future. The historical 12-month distribution per unit and historical 12-month distribution rate of the securities included in the trust are for illustrative purposes only and are not indicative of the trust's distribution or distribution rate. The historical 12-month distribution per unit is based on the weighted average of the trailing twelve month distributions paid by the securities included in the portfolio. The historical 12-month distribution rate is calculated by dividing the historical 12-month distributions by the trust's offering price. The historical 12-month distribution and rate are reduced to account for the effects of fees and expenses, which will be incurred when investing in a trust. Certain of the issuers may have reduced their dividends or distributions over the prior twelve months. The distribution per unit and rate paid by the trust may be higher or lower than the amount shown above due to certain factors that may include, but are not limited to, a change in the dividends or distributions paid by issuers, actual expenses incurred, or the sale of securities in the portfolio. For trusts that include funds, distributions may include realized short term capital gains, realized long-term capital gains and/or return of capital.

Premium/Discount of Securities Held in the Portfolio

Weighted Average Premium/Discount

-0.02%

As of 10/28/2024

A premium occurs when an underlying security's market price is higher than its net asset value (or par value in the case of preferred securities), and a discount occurs when an underlying security's market price is lower than its net asset value (or par value in the case of preferred securities).

Key Stats

Weighted Average 30-Day SEC Yield	2.84%
Weighted Average Unsubsidized 30-Day SEC Yield	2.84%
Weighted Average Taxable Equivalent 30-Day SEC Yield	4.80%

As of 10/30/2024

The weighted average 30-day SEC yield is the weighted average SEC yield as of the date noted as reported by the underlying funds held in the portfolio. The SEC yield is calculated by dividing the net investment income pershare earned during the most recent 30-day period by the maximum offering price per share on the last day of the period and includes the effects of fee waivers and expense reimbursements, if applicable. The weighted average unsubsidized 30-day SEC yield excludes contractual fee waivers and expense reimbursements. Both averages are calculated based on the underlying funds included in the portfolio. These figures take into account sales charges, annual operating expenses or organizational costs of the trust. The weighted average taxable equivalent 30-day SEC yield is for illustrative purposes only and is based on the portion of the portfolio where data is available. This information illustrates approximately what you would have to earn on taxable investments to equal the tax-exempt yield using the highest federal tax bracket and Medicare tax for 2024. 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 and Medicare tax. All figures are subject to change.

Holdings

Export Current Holdings | View Initial Holdings

Name	Symbol	Weighting
First Trust Short Duration Managed Municipal ETF	FSMB	34.24%
First Trust Municipal High Income ETF	FMHI	29.87%
First Trust Managed Municipal ETF	FMB	29.82%
First Trust Ultra Short Duration Municipal ETF	FUMB	5.03%

Total Number of Holdings: 4

Underlying Securities information represented above is as of 10/30/2024 but will vary with future fluctuations in the market.

Standard Account Sales Charges *

Transactional sales charges:	Initial:	-0.02%
	Deferred:	1.52%
Maximum Sales Charge:		1.50%

CUSIP	Type	Distribution
30337P428	Cash	Monthly
30337P436	Reinvest	Monthly

* Based on the offer price as of 10/30/2024 4:00pm ET

Fee/Wrap Account Sales Charges *

None

CUSIP	Type	Distribution
30337P444	Cash-Fee	Monthly
30337P451	Reinvest-Fee	Monthly

In addition to the sales charges listed, UITs for both brokerage and advisory accounts are subject to annual operating expenses and organization costs. See the prospectus for additional information.

Deferred Sales Charge Schedule

Amount	Date
$0.05000	January 17, 2025
$0.05000	February 20, 2025
$0.05000	March 20, 2025

Risk Considerations

Buy & Hold Risk – Taxable Trusts. This UIT is a buy and hold strategy and investors should consider their ability to hold the trust until maturity. There may be tax consequences unless units are purchased in an IRA or other qualified plan.

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.

ETF Risk. ETFs are subject to various risks, including management's ability to meet the fund's investment objective, and to manage the fund's portfolio when the underlying securities are redeemed or sold, during periods of market turmoil and as investors' perceptions regarding ETFs or their underlying investments change. Unlike open-end funds, which trade at prices based on a current determination of the fund's net asset value, ETFs frequently trade at a discount from their net asset value in the secondary market.

High-Yield or Junk Bonds Risk.

Investing in high-yieldsecurities should be viewed as speculative and you should review your abilityto assume the risks associated with investments that utilize such bonds.High-yield securities are subject to numerous risks including higher interest rates,economic recession, deterioration of the junk bond market, possible downgradesand defaults of interest and/or principal. High-yield security prices tend tofluctuate more than higher rated bonds and are affected by short-term creditdevelopments to a greater degree.

Investment Grade Bonds Risk. Investment grade securities are subject to numerous risks including higher interest rates, economic recession, deterioration of the investment grade security market or investors' perception thereof, possible downgrades and defaults of interest and/or principal.

Limited Duration Bonds Risk. Limited duration bonds are subject to interest rate risk, which is the risk that the value of a security will fall if interest rates increase. While limited duration bonds are generally subject to less interest rate sensitivity than longer duration bonds, there can be no assurance that interest rates will rise during the life of the trust.

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.

Additional Risk. For a discussion of additional risks of investing in the trust see the "Risk Factors" section of the prospectus.

Important Note. It is important to note that an investment can be made in the underlying funds directly rather than through the trust. These direct investments can be made without paying the trust's sales charge, operating expenses and organizational costs.

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.

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.

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