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    Bob Carey
Chief Investment Officer
Market Commentary & Analysis
    Brian Wesbury
Chief Economist
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    Jeff Margolin
Closed-End Fund Analyst
Closed-End Fund Commentary
 Factoid of the Day Friday, August 8, 2008  
Domestic equity funds have topped international equity funds in six of the past nine months - the best run since an 8 out of 10 month stretch beginning in August 2002, according to Lipper and MarketWatch.com. Lipper cited slower global economic growth and higher inflation for the downturn in the performance of foreign stock funds. In 2006, the top 10 performing equity funds were all international. In 2007, that number dropped to 8. Today, there are no international equity funds in the top 10.

First Trust ISE Global Wind Energy Index Fund (FAN)
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  Unit Investment Trust Deposit Information Initial Offer Date
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Conservative Growth, September '08 9/10/2008
ETF Equity Allocation, Sept. '08 9/10/2008
ETF Growth and Income, Sept. '08 9/10/2008
Moderate Growth, September '08 9/10/2008
Global Real Estate Select, 4 9/9/2008
Strategic S&P Industrials, 4th Qtr '08 9/9/2008
Banking Opportunity, 4 9/5/2008
Defensive Equity, 4 9/5/2008
Equity Income Select, 15 9/5/2008
Dow Target 10, September '08 9/2/2008
Dow® Target Dividend, September '08 9/2/2008
Income Allocation Closed-End, September '08 9/2/2008
Target Double Play, September '08 9/2/2008
Target Focus Four, September '08 9/2/2008
Target Triad, September '08 9/2/2008
Target VIP, September '08 9/2/2008
Value Line® Target 25, September '08 9/2/2008
New Jersey Municipal Income Closed-End, 14 8/28/2008
New York Municipal Income Closed-End, 19 8/28/2008
Alternative Energy, 7 8/26/2008
Energy Select, 27 8/26/2008
Global Dividend, 13 8/26/2008
Health Care Select, 9 8/26/2008
Mega-Cap, 6 8/26/2008
Covered Call Select Closed-End, 10 8/21/2008
Japan, 8 8/14/2008
Middle East & Africa, 1 8/14/2008
Biotechnology, 15 8/12/2008
Diversified Income & Growth, Fall '08 8/12/2008
Dividend & Income Select Closed-End, 12 8/12/2008
Global Infrastructure, 5 8/12/2008
Municipal Income Closed-End, 28 8/12/2008
Financials Select, 24 8/8/2008
Precious Metals Select, 12 8/8/2008
Select DSIP, 3rd QTR 2008 Series B 8/7/2008
Strategic Income Closed-End, 21 8/7/2008
Balanced Income Select, 8 8/6/2008
High-Yield Income Closed-End, 25 8/6/2008
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