First Trust Capital Strength ETF (FTCS)

FINANCE: GENERAL FINANCE
SIC:

First Trust DB Strategic Value Index Fund is a series of the First Trust Exchange-Traded Fund, an investment company and an exchange-traded 'index fund.' The investment objective of the Fund is to seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of the Deutsche Bank CROCI US+ Index. INDEX DESCRIPTION: The Deutsche Bank CROCI US+ Index is developed by Deutsche Bank AG, London Branch. 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 the 40 stocks in the Selection Pool with the lowest positive CROCI Economic Price Earnings Ratios. The Selection Pool is determined by taking the 251 stocks with the highest market capitalization in the S&P 500 Index and then excluding from that initial pool of 251 stocks any stocks issued by financial companies. The S&P 500 is an equity index that includes the 500 leading companies in leading industries in the U.S. economy. The S&P 500 focuses on the large-cap segment of the market with over 80% coverage of U.S. equities. The 40 stocks selected are those having the lowest 'economic' P/E ratio. The Index is reconstituted on a monthly basis. The Index was constituted by the Index Sponsor on February 2, 2004. The Index was initially determined to have a benchmark value of 1,000 at the close of trading on February 1, 1996.