First Trust DB Strategic Value Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the Deutsche Bank CROCI US+ Index (the Index). The objective of the Index is to identify companies that may be undervalued based upon their economic price/earnings ratios. The Index is an equal dollar-weighted index, which is intended to reflect the total return performance of 40 stocks with the lowest CROCI Economic Price Earnings Ratios determined by taking the 251 stocks with the highest market capitalization in the S&P 500 Index and then excluding any stocks issued by financial companies. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund’s investment advisor is First Trust Advisors L.P.