First Trust Exchange-Traded Fund Series of Exchange-Traded Funds Announces Zero Capital Gains Distributions for 2006.LISLE lisle n. 1. A fine, smooth, tightly twisted thread spun from long-stapled cotton. 2. Fabric knitted of this thread, used especially for hosiery and underwear. , Ill. -- First Trust Exchange-Traded Fund Exchange-traded funds (or ETFs) are Open Ended investment companies that can be traded at any time throughout the course of the day. Typically, ETFs try to replicate a stock market index such as the S&P 500 (e.g. (Trust) announced today that each exchange-traded fund in the Trust (Fund) distributed zero capital gains in 2006. Additionally, for those Funds which distributed income, 100 percent was Qualified Dividend Income. "Taxes remain an important consideration when evaluating the investment options available in the marketplace and 2006 was no exception," said R. Scott Hall This article is about the professional wrestler. For the Leeds suburb, see Scott Hall, England. For Japanese comedian and wrestler Razor Ramon HG, see . Scott Oliver Hall , managing director of the Funds' investment adviser, First Trust Advisors L.P. (FTA FTA abbr. Future Teachers of America ). "Because of their tax efficient structure, exchange-traded funds continue to be a wise choice for investors." About First Trust FTA and its affiliate First Trust Portfolios L.P. (Firms) are privately-held companies which provide a variety of investment services, including asset management, financial advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , and municipal and corporate investment banking. The Firms currently have assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. or supervision of over $28 billion through closed-end funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. , unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds. Whether it's a value or growth idea, or a disciplined quantitative investment approach, the Firms translate ideas into investment products which meet the various needs of their customers. The Firms are focused on providing a diversified range of investment products and services to help maximize their customers' financial opportunities. You should consider the investment objectives, risks, charges and expenses of a Fund before investing. Prospectuses for the Funds contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing. Principal Risk Factors: A Fund's shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund involves risk similar to those of investing in any fund of equity securities traded on exchanges. A Fund seeks investments results that correspond generally to the price and yield of an index. You should anticipate that the value of a Fund's shares will decline, more or less, in correlation with any decline in the value of the index. A Fund's return may not match the return of the index. A Fund may invest in small capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. and mid capitalization companies. Such companies may experience greater price volatility than larger, more established companies. Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the share's net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called "creation units" can be purchased from, or redeemed to, the Fund. |
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