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    Bob Carey
Chief Investment Officer
Market Commentary & Analysis
    Brian Wesbury
Chief Economist
Economic Research and Advisory Information
    Jeff Margolin
Closed-End Fund Analyst
Closed-End Fund Commentary
Factoid of the Day Friday, July 30, 2010
Money market mutual fund assets totaled $2.97 trillion as of July 21, down from $3.66 trillion at the same point a year ago, according to the Investment Company Institute (ICI). Strategic Insight reported that investors redeemed $502 billion from money market funds in the first half of 2010, up from $176 billion in the first half of 2009, according to SmartMoney.com. The average taxable money market fund yields just 0.04%, according to iMoneyNet.com. Many vendors have been waiving fees in this low-rate climate. Money market funds waived close to $2.5 billion in expenses in the first half of 2010, according to the ICI. The industry waived a total of $3.6 billion in fees in 2009.

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Balanced Income, 25 8/2/2010
Dow® Target 10, August 2010 8/2/2010
Dow® Target Dividend, August 2010 8/2/2010
High-Yield Income Closed-End, 34 8/2/2010
Income Allocation Closed-End, August 2010 8/2/2010
Target Focus Four, August 2010 8/2/2010
Target Triad, August 2010 8/2/2010
Target VIP, August 2010 8/2/2010
California Municipal Income Plus Closed-End, 36 8/3/2010
Dividend & Income Plus Closed-End, 23 8/3/2010
High Dividend Equity, 2 8/3/2010
New York Municipal Income Closed-End, 27 8/3/2010
Build America Bonds 10-20 Year, 6 8/4/2010
Worldwide Economic Recovery, 2 8/5/2010
Equity Closed-End, 12 8/6/2010
Market Opportunities, 5 8/6/2010
Strategic Income Closed-End, 31 8/6/2010
Tax-Advantaged Municipal Closed-End, 12 8/6/2010
Diversified Income & Growth, Fall 2010 8/9/2010
Interest Rate Hedge, 12 8/9/2010
Senior Loan & Limited Duration Plus Closed-End, 19 8/9/2010
Municipal Income Plus Closed End, 11 8/10/2010
Build America Bonds, 16 8/11/2010
Equity Income Plus, 24 8/13/2010
Global Bond Income Plus Closed-End, 16 8/13/2010
Alternative Energy, 15 8/17/2010
BICK, 3 8/17/2010
Defensive Equity, 12 8/17/2010
Utilities Select, 14 8/17/2010
ETF Growth and Income, September 2010 8/24/2010
Global Dividend, 22 8/25/2010
Mega-Cap, 16 8/25/2010
Core Holdings Growth, Fall 2010 8/31/2010
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