Nasdaq Dorsey Wright

First Trust Feature

Published: August 13, 2025

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

There is a change to the First Trust Income Model (FTINCOME) this week; sell FDL, buy TDIV.

There is a change to the First Trust Income Model (FTINCOME) this week.

The change to the First Trust Income Model (FTINCOME) involves the removal of the First Trust Morningstar Dividend Leaders Fund (FDL) as it fell below the sell threshold within the Model’s relative strength matrix. In its place, the Income Model is adding the First Trust Nasdaq Technology Dividend Fund (TDIV), which is the highest ranked fund not already owned.

TDIV maintains a fund score of 5.56, which is a full point higher than the average score for a fund within the Technology (4.55) sector. The fund has traded within a positive trend on the default point and figure chart since November 2022 and returned to a buy signal in the latter part of April this year. TDIV rallied from the lower $70s in late April to a new all-time chart high at $93 by July. After a brief reversal into Os to kick off August, Tuesday’s (8/12) action brought the fund back into a column of Xs at $92, putting in a higher bottom and support at $89 on the chart in the process.

With the change, the First Trust Income Model (FTINCOME) will rebalance the five holdings to equally weighted at 20% and maintain exposure to Energy Infrastructure (EMLP), International Dividend Aristocrats (FID), European Dividend (FDD), Utilities (FXU), and Technology Dividend (TDIV).

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. First Trust has arranged with Dorsey, Wright to provide this specialized ETF page on the First Trust ETFs. The Point & Figure analysis, models and resulting rankings, including any information, data or commentary included therein, are created and provided solely by Dorsey, Wright & Associates. Such analysis, models and rankings should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including First Trust ETF shares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. Neither First Trust nor Dorsey Wright through this ETF page provide investment advice or recommendations regarding any security, fund or market. As the investment professional making the final decision with respect to allocations, including any related suitability, fiduciary or other legal obligation, please remember to adhere to all applicable laws, regulations and rules, including NASD Rules 2090 and 2111 (Know Your Customer). The percentage of the portfolio devoted to any ETF is at the sole discretion of the financial advisor or the customer, and not Dorsey, Wright & Associates or First Trust. If you are not familiar with Point & Figure methodology, we suggest you read “Point & Figure Charting, 4th Edition” by Thomas J. Dorsey and visit the PnF University, www.dorseywright.com. If you are not familiar with the First Trust ETF product, or Exchange Traded Funds (ETFs), we suggest you visit www.ftportfolios.com.