First Trust DB Strategic Value Index Fund Declares Semi-Annual Distribution of $.09 Per Share

  
    
  
  
    
      First Trust DB Strategic Value Index Fund (the �Fund�) 
      (AMEX:FDV) today declared its regularly scheduled semi-annual 
      distribution of $.09 per share.
    
    
      The dividend will be payable on June 29, 2007 to shareholders of record 
      as of June 25, 2007 with an expected ex-dividend date of June 21, 2007. 
      The final determination of the source and tax status of all 
      distributions paid in 2007 will be made after the end of 2007.
    
    
      The Fund is a series of the First Trust Exchange-Traded Fund, an 
      investment company and an exchange-traded �index 
      fund� designed to seek 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+ IndexTM.
    
    
      First Trust Advisors L.P. acts as the fund�s 
      investment adviser and currently manages or supervises approximately $32 
      billion in assets.
    
    
      Past performance is no assurance of future results. Investment return 
      and market value of an investment in the Fund will fluctuate. Shares, 
      when sold, may be worth more or less than their original cost.
    
    
      Principal Risk Factors: An investment in the Fund involves investment 
      and market risk, concentration risk, non-diversification risk, index 
      tracking risk, non-correlation risk, and replication management risk. 
      Investors buying or selling Fund shares on the secondary market may 
      incur brokerage commissions. In addition, investors who sell Fund shares 
      may receive less than the share�s net asset 
      value. Please see the Fund�s prospectus for 
      additional information on the risks of investing in the Fund.
    
    
      The Fund�s daily American Stock Exchange 
      closing price and net asset value per share as well as other information 
      can be found at www.ftportfolios.com 
      or by calling 1-800-988-5891.