First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: April 1, 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.

This week saw a change to the First Trust International Model. Sell FKU and buy FPA.

This week saw a change to the First Trust International Model. Sell FKU and buy FPA.

This week saw a change to the First Trust International Model, marking the first trade to the model in 2026. The portfolio sold the First Trust United Kingdom Alphadex Fund (FKU) as it fell sufficiently out of favor against the other members of the inventory. In its place, the model purchased the First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA), as it was the next highest ranked fund that was not already held in the portfolio. FPA joining the portfolio helps diversify the holdings, now leaving it at a target of 40% Asia through FPA and China (FCA). The remaining 60% focuses on European equities through Europe (FEP), Eurozone (FEUZ), and Germany (FGM).

FPA enters the portfolio after already posting a year-to-date gain of 16.33%, far outpacing the broad international benchmark ACWX and the First Trust International Model, which have returned 2% and 1.8%, respectively. However, FPA saw some sharp pullbacks from overbought territory in recent weeks, moving from north of 150% overbought in late February to its current position below the middle of its trading band. This offers new positions a better entry point into a name with strong momentum.

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.