First Trust Feature
Published: January 21, 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.
There are two First Trust Models with changes this week; the First Trust Focus Five (FTRUST5) and First Trust Thematic Focus Five (Total Return) (FTTHEME5.TR) Models.

There are two First Trust Models with changes this week.

First Trust Focus Five Model

This marks the fifth change to the First Trust Focus Five Model (FTRUST5) since the start of 2025 as is removing the First Trust Utilities AlphaDEX Fund (FXU) due to the fund falling below the sell threshold within the Model’s relative strength matrix rankings. In its place, the First Trust NYSE Arca Biotechnology Index Fund (FBT) is being added, which is the highest fund not already owned within the Model’s matrix. The fund has maintained a positive trend since June last year and currently shows positive near and long-term relative strength against the market, leading the ETF to sustain a strong fund score of 5.52. With the change, the model will rebalance the five holdings to equally weighted at 20% and will now maintain exposure to the Internet (FDN), Financials (FXO), Semiconductors (FTXL), Aerospace & Defense (MISL), and Biotechnology (FBT).

First Trust Thematic Focus Five Model

There are two changes to the First Trust Thematic Focus Five Model (Total Return) (FTTHEME5.TR) this week.

The change this week involves the removal of the First Trust Cloud Computing ETF (SKYY.TR) and the First Trust Nasdaq Cybersecurity ETF (CIBR.TR), as both fell below the sell threshold within the Model’s total return relative strength matrix. In its place, the Model is adding the First Trust Indxx Innovative Transaction & Process ETF (LEGR.TR) and the First Trust Indxx NextG ETF (NXTG.TR). LEGR and NXTG have maintained a positive trend on their default point and figure trend chart since May of last year and currently show positive near and long-term relative strength against the market, leading the ETFs to sustain strong fund scores of 5.55 and 5.47, respectively. With the change, the model will rebalance the five holdings to equally weighted at 20% and will now maintain exposure to the Internet (FDN.TR), S-Network Streaming and Gaming (BNGE.TR), Clean Energy (QCLN.TR), Transaction & Processing (LEGR.TR), and NextG (communications) (NXTG.TR).

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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.

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