NEW YORK, July 11 /PRNewswire/ -- The American Stock Exchange(R) (Amex(R)) announced today that it has launched trading in the First Trust DB Strategic Value Index Fund under the ticker symbol FDV. The issuer of this new exchange traded fund (ETF) is First Trust Advisors L.P. (First Trust). First Trust currently has six ETFs listed on the Amex and manages or supervises approximately $25 billion in total assets. "We are very pleased to welcome First Trust back to the Amex for their sixth ETF listing," said Cliff Weber, Senior Vice President of the ETF Marketplace at the Amex. "The First Trust DB Strategic Value Index Fund provides a unique investment opportunity and we are proud to have partnered with First Trust to bring this innovative product to the marketplace." "The First Trust DB Strategic Value Index Fund is based on an index that selects stocks based on economic price/earnings ratios and that has a proven track record in creating above market returns," said Scott Hall, Managing Director of First Trust Advisors L.P. "We are excited to partner with the American Stock Exchange in bringing this new fund to market." The First Trust DB Strategic Value Index Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Deutsche Bank CROCI(R) US+ Index(TM). The Index is intended to reflect the total return performance of 40 stocks with the lowest positive "economic" price-earnings ratios from a pool consisting of the 251 largest market capitalization stocks in the S&P 500(R) Index, excluding financial companies. The Index is reconstituted monthly to ensure that each component stock continues to represent approximately equal weight in the Index. The Index has generated an average annual return of 17.5% per year over the last 10 years, and nearly 20% over the last three-year period ending May 31, 2006. The Index has outperformed the S&P 500/Citigroup Value Index and the Russell 1000 Value Index for the three-, five- and 10-year period ending May 31, 2006. "An increasing number of investors are recognizing the investment merit of the CROCI US+ Index, and we are pleased that it will now be available to a broader range of investors through the First Trust DB Strategic Value Index Fund," said Christopher Yeagley, Director and Head of the Integrated Investment Solutions group at Deutsche Bank in New York. The specialist for the First Trust DB Strategic Value Index Fund is LaBranche Structured Products, LLC. About the American Stock Exchange The American Stock Exchange(R) (Amex(R)) is the only primary listing exchange that offers trading across a full range of equities, options, and exchange traded funds (ETFs), including structured products, and HOLDRS(SM). The Amex pioneered the ETF, and is responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex, to date, lists 185. The Amex also lists and trades options on broad-based and sector indexes as well as domestic and foreign stocks. About First Trust Advisors L.P. and First Trust Portfolios L.P. First Trust Advisors L.P. and its affiliate, First Trust Portfolios L.P., are privately-held investment services companies which were established in 1991 and operate nationwide and also in Canada and Europe. The firms provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking. The firms currently have assets under management or supervision of over $25 billion through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds. You should consider the fund's investment objectives, risks, charges and expenses carefully before investing. Call 800-621-1675 to request a prospectus, which contains this and other information about the fund. Read it carefully before you invest or send money. Like all investment company securities, the shares of the fund are not insured by the FDIC or any other government agency, are not issued or guaranteed by any bank, and may lose value. DATASOURCE: American Stock Exchange CONTACT: Bari Trontz, American Stock Exchange, +1-212-306-8964, Web site: http://www.amex.com/

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