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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 tax-exempt municipal bonds.
Please note that there is no assurance the objective will be met.
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Product Code: |
TELI28 |
Portfolio Status: |
Secondary |
Initial Offer Date: |
11/15/2016 |
Secondary Date: |
01/17/2017 |
Wtd Avg Maturity: |
11.0 |
ELTR Life: |
8.4 |
Tax Structure: |
Regulated Investment Company |
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Initial Offer Price: |
$1,087.6800 |
NAV(*): |
$955.2000 |
POP(*): |
Not Avail |
PAR(*): |
$965.8000 |
Remaining Deferred Sales Charge: |
$0.0000 |
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* As of Trade Date: 08/30/2024 4:00pm ET
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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.
33739U227 |
Monthly |
$2.3200 |
$36.2200 |
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281047F62 |
60,000
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EDISON TWP NJ 4%, due 06/01/2037
|
NR
|
NJ
|
4.00000
|
06/01/2037M
|
06/01/2026
|
100.0000
|
287286BL1 |
75,000
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ELK GROVE CA UNIF SCH DIST CTFS PARTN 3%, due 02/01/2037
|
AA
|
CA
|
3.00000
|
02/01/2037M
|
02/01/2026
|
100.0000
|
295435BM2 |
175,000
|
ERIE PA HGR EDU BLDG AUTH 5%, due 05/01/2034
|
BBB+
|
PA
|
5.00000
|
05/01/2034M
|
11/01/2026
|
100.0000
|
34073THD2 |
75,000
|
FLORIDA ST HGR EDUCTNL FACS FIN AUTH 4%, due 11/01/2035
|
BBB+
|
FL
|
4.00000
|
11/01/2035M
|
11/01/2026
|
100.0000
|
39081JAN8 |
70,000
|
GREAT LAKES MI WTR AUTH WTR SPLY SYS 5%, due 07/01/2033
|
AA-
|
MI
|
5.00000
|
07/01/2033M
|
07/01/2026
|
100.0000
|
45204EHX9 |
100,000
|
ILLINOIS ST FIN AUTH REVENUE 3%, due 10/01/2037
|
A
|
IL
|
3.00000
|
10/01/2037M
|
10/01/2026
|
100.0000
|
45204ENU8 |
175,000
|
ILLINOIS ST FIN AUTH REVENUE 4%, due 08/15/2035
|
AA-
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IL
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4.00000
|
08/15/2035M
|
02/15/2027
|
100.0000
|
59261AFR3 |
70,000
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MET TRANSPRTN AUTH NY REVENUE 4%, due 11/15/2036
|
A-
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NY
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4.00000
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11/15/2036M
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11/15/2026
|
100.0000
|
59334PFS1 |
120,000
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MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REV 4%, due 07/01/2036
|
AA
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FL
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4.00000
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07/01/2036M
|
07/01/2025
|
100.0000
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61371FHC6 |
80,000
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MONTGOMERY CNTY TX MUNI UTILITY DIST 119 3%, due 04/01/2036
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AA
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TX
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3.00000
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04/01/2036M
|
09/28/2024
|
100.0000
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66285WPP5 |
45,000
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N TX TOLLWAY AUTH REVENUE 4%, due 01/01/2035
|
AA-
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TX
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4.00000
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01/01/2035M
|
01/01/2025
|
100.0000
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64990CJG7 |
75,000
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NEW YORK ST DORM AUTH REVENUES 5%, due 07/01/2036
|
BBB+
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NY
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5.00000
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07/01/2036M
|
01/01/2027
|
100.0000
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665250CS3 |
60,000
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NTHRN IL MUNI PWR AGY PWR PROJ REV 4%, due 12/01/2033
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NR
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IL
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4.00000
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12/01/2033M
|
12/01/2026
|
100.0000
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67910HQA1 |
75,000
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OKLAHOMA ST MUNI PWR AUTH 4%, due 01/01/2036
|
A
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OK
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4.00000
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01/01/2036M
|
01/01/2026
|
100.0000
|
722021CE0 |
120,000
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PINAL CNTY AZ ELEC DIST 3 4%, due 07/01/2034
|
A+
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AZ
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4.00000
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07/01/2034M
|
07/01/2026
|
100.0000
|
735779MX5 |
70,000
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PORTAGE MI PUBLIC SCHS 5%, due 11/01/2037
|
AA-
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MI
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5.00000
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11/01/2037M
|
05/01/2026
|
100.0000
|
759911PX2 |
35,000
|
REGL TRANSPRTN AUTH IL 6.50%, due 07/01/2030
|
AA
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IL
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6.50000
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07/01/2030M
|
|
|
875161CE9 |
70,000
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TAMPA FL HOSP REVENUE 5%, due 07/01/2037
|
A
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FL
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5.00000
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07/01/2037M
|
07/01/2026
|
100.0000
|
914046J32 |
100,000
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UNIV OF ALASKA AK REVENUES 4%, due 10/01/2035
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A+
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AK
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4.00000
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10/01/2035M
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10/01/2026
|
100.0000
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| |
Total Number of Holdings: 19 |
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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. 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. 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.
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