To use this feature please make sure you have installed all required plugins. This post Require Advanced Custom Fields plugins that available after you installing add on.
You can add a new page template called "Home Template" on your pages attribute options.
You need to create this page in case to make your posts format work fine. Default WordPress blog index will make your posts format as standard post. So this page template will showcase your post format posts as same as WordPress standard blog post.
After you create this page, you can to set up this as your home page. Just go to Setting > Reading and select your home pages as "Front Page".