First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: January 14, 2026

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.

For the second time this year, there is a change to the First Trust Income Model (FTINCOME); sell FXU, buy RDVY.

For the second time this year, there is a change to the First Trust Income Model (FTINCOME).

After spending just under a year as a holding, the First Trust Utilities AlphaDEX Fund (FXU) is coming out of the First Trust Income Model with today’s trade, driven by the fund falling enough in the model’s respective matrix. In FXU’s stead, the First Trust Rising Dividend Achievers ETF (RDVY) is joining the model given it is the highest ranked fund not currently held by the fund. On its default point and figure chart, FXU broke a triple top at $69 in December for its second consecutive buy signal dating back to April of last year. Additionally, the fund has traded in positive trend since 2023, highlighting its consistent uptrend over the last several years. On a relative basis, RDVY holds both near- and long-term relative strength versus the market, sitting on both an RS buy signal and column of Xs versus the S&P 500 Equal Weight (SPXEWI) since early 2021. All this strength has translated into an extremely solid fund score of 5.44, which is 1.17 points higher than the average growth and income fund. Initial support for FXU lies at $65 while previous resistance at $68 and $64 could also serve as future bounce points. With the change, the First Trust Income Model will rebalance the five holding back to equal weight at 20% allocations each. Currently, the model also holds exposure to the Nasdaq Technology Div. (TDIV), Energy Infrastructure (EMLP), Stoxx European Div. (FDD), and Global Div. (FGD) funds.

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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.