First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: April 15, 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 is a change to the First Trust Income Model (FTINCOME) this week.

There is a change to the First Trust Income Model (FTINCOME) this week. The First Trust Rising Dividend Achievers ETF (RDVY) is being removed after falling below the sell threshold within the model’s relative strength matrix rankings. In its place, the model is adding the First Trust Utilities AlphaDEX Fund (FXU), which is the highest‑ranking fund not already held.

FXU maintains a strong fund score of 5.23, which is above the average score of 4.52 for funds within the Utilities asset class, as shown on the Asset Class Group Scores page. March’s activity generated a long‑term market relative strength buy signal versus the S&P 500 Equal Weight Index (SPXEWI), following an RS sell signal that had been in place since December 2018. On the trend chart, FXU has maintained a positive trend since December 2023 and has been on a buy signal since February of this year. Trading in the latter part of March led to a reversal back into Xs, while April has seen the fund rally to retest its all‑time high of $51. Initial support is at $48, with additional support in the low‑to‑mid $40s.

With this change, the First Trust Income Model will rebalance its five holdings to an equal weight of 20% each and will maintain exposure to the Dow Jones Global Select Dividend Fund (FGD), Morningstar Dividend Leaders Fund (FDL), North American Energy Infrastructure Fund (EMLP), STOXX European Dividend Fund (FDD), and Utilities AlphaDEX Fund (FXU). Year to date, the First Trust Income Model has gained 6.93%, outperforming the S&P 500 Index (SPX) by more than 6%.

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**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.