Home Logon Mobile Site Research and Commentary About Us Call 1.800.621.1675 or Email Us Follow First Trust: Search by Ticker, Keyword or CUSIP Unit Trusts ETFs Variable Annuities Closed-End Funds Mutual Funds Structured Products 401(k) Managed Accounts Secure Logon Learn More * For Financial Representatives * and Operations Personnel Only User Id: Password: Remember my User Id Help, I Forgot My Password! Benefits of Registration Commentary Pages Subscribe to Commentary content. Bob Carey Chief Market Strategist Blog Brian Wesbury Chief Economist Blog Factoid of the Day Friday, August 8, 2014 A report from Standard & Poor’s noted that 18 American businesses held 36% of corporate wealth in 2013, up from 27% in 2009, according to Bloomberg. The bottom 80% of companies held just 11% of corporate wealth. The top 1% is comprised of multinationals that generate nearly half of their sales from overseas. A lot of the cash earned abroad is not currently coming back to the U.S. due to the 35% corporate tax rate, the highest in the industrialized world. Barring a change in the tax code, the cash will likely continue to mount overseas, according to Andrew Chang, lead author of the S&P report. In the current fiscal year, the U.S. Department of the Treasury will not be collecting an estimated $83.4 billion in tax revenue from foreign sales, according to the congressional Joint Committee on Taxation. Brian Wesbury - Economic Video Commentary Don't Fret the Dip: Fundamentals Are OK Bob Carey - Video Market Update Companies Are Earning Their Keep First Trust Enhanced Short Maturity ETF (FTSM) Exchange Listing: August 6, 2014 • Investor Guide • Fund Summary Unit Investment Trusts Upcoming Deposit Information Initial Offer Date Click Here for CUSIP Information. • California Municipal Income Select Closed-End, 33 8/11/2014 • Core 3 Qualified Closed-End Allocation, 7 8/11/2014 • Dow® Target 10, August 2014 8/11/2014 • Income Allocation Closed-End, August 2014 8/11/2014 • Target Dividend Blend, 2 8/11/2014 • Tactical Income, 31 8/12/2014 • Equity Closed-End, 32 8/13/2014 • REIT Growth & Income Plus, 19 8/13/2014 • ETF Growth and Income, August 2014 8/14/2014 • Inflation Hedge Opportunity, 22 8/14/2014 • Tax Exempt Municipal Income Intermediate, 11 8/14/2014 • Dividend & Income Plus Closed-End, 52 8/15/2014 • MLP Closed-End Fund and Energy, 37 8/15/2014 • Preferred Income, 69 8/15/2014 • Investment Grade Multi-Asset Inc Long-Term, 13 8/18/2014 • Convertible & Income Select CE & ETF, 3 8/19/2014 • Limited Duration and High Yield Fixed Income ETF, 4 8/19/2014 • Tax Exempt Municipal Income, 283 8/19/2014 • Balanced Income, 45 8/20/2014 • Capital Strength Buy-Write, 17 8/20/2014 • High Dividend Emerging Markets Equity, 8 8/20/2014 • International High Dividend Equity, 17 8/20/2014 • Senior Loan & Ltd Duration Opportunities Closed-End, 31 8/20/2014 • Investment Grade Multi-Asset Income, Inter, 6 8/21/2014 • Dividend Income Plus, 15 8/22/2014 • Richard Bernstein Advisors Cyclical Sector Income, 1 8/25/2014 • Tax Exempt Municipal Income, 10–20 Year, 14 8/26/2014 • MLP Closed-End, 2 8/27/2014 • Strategic Income Closed-End, 53 8/27/2014 • Water Utility & Infrastructure Select, 34 8/29/2014 First Trust Mobile Get the latest First Trust product and research information on your smartphone or tablet device! Learn more... First Trust Portfolios L.P. Member SIPC and FINRA. First Trust Advisors L.P. Home | Important Legal Information | Privacy Policy | Business Continuity Plan Copyright © 2014 All rights reserved.