Nasdaq Dorsey Wright

First Trust Feature

Published: October 22, 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 Fixed Income Model (Total Return) (FTFIXINC.TR) this week; sell Senior Loans (FTSL), buy Preferreds (FPE).

There is a change to the First Trust Fixed Income Model (Total Return) (FTFIXINC.TR) this week.

The change involves the removal of the First Trust Senior Loan Fund (FTSL.TR) as it fell below the sell threshold within the Model’s relative strength matrix. In its place it is adding the Preferred Securities & Income ETF (FPE.TR), which is the highest-ranking ETF within the matrix not already owned. This marks the fifth trade in the Model in 2025 as it continues to adapt to trends within the Fixed Income space. While a holding within the Model, the Senior Loan Fund was able to gain over 26% on a total return basis, outperforming the Aggregate Bond fund (AGG.TR) by more than 24% (3/23/2021 to 10/21/2025). With the change, the Model will rebalance the four holdings equally to 25% and will maintain exposure to Preferreds (FPE.TR), Convertibles (FCVT.TR), Emerging Markets (FEMB.TR), and High Yield (HYLS.TR). Additionally, the weighted average yield among the ETFs within the model will decrease from 5.09% to 4.86%. Year-to-date, the First Trust Fixed Income Model has gained 10.5% and is outperforming its benchmark by just shy of 3% (thru 10/21).

Back to report

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.