FDV Starts Trading on Tuesday

Tomorrow the American Stock Exchange (Amex) will launch trading in options on the following exchange traded fund from Lisle, IL based First Trust Advisors: First Trust DB Strategic Value Index Fund (symbol: FDV). The fund options will open with strike prices of (15 -25 1 pt increments) and position limits of 25,000 contracts and will trade on the March expiration cycle.

The 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 US+ Index. The Index is intended to reflect the total return performance of the 40 shares in the Selection Pool with the lowest positive CROCI Economic Price Earnings Ratios. The index is in existence since Feb, 2002.

The Top 10 holdings are: Harley Davidson (HDI), Marathon Oil (MRO), Eli Lilly (LLY), Carnival Corp (CCL), Merck (MRK), Apache (APA), Paccar (PCAR), EOG Resources (EOG), Devon Energy (DVN), Gannett (GCI). The expense ratio is 0.65%.