First Trust Feature | Nasdaq Dorsey Wright

First Trust Feature

Published: July 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 Sector Model this week as the model removed the First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN).

There is a change to the First Trust Sector Model (FTRUST) this week as the model is removing the First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN). Recall the First Trust Sector Model utilizes an RS versus benchmark methodology, comparing each of the funds in the model’s universe to the S&P 500 Index (SPX) on a 6.5% scale RS chart. If the RS chart resides in a column of Xs, the ETF is included in the model’s holdings, while an RS chart residing in a column of Os warrants the fund’s exclusion.

Following Monday’s (7/13) action, QCLN reversed into Os after having been in a column of Xs since September 2025, causing its removal from the model. While a holding, QCLN gained over 32%, beating the S&P 500 Index (SPX) by more than 18% during the roughly 10-month span (9/17/2025 – 7/13/2026). While the fund maintains a strong fund score north of 4, QCLN is testing the bullish support line in the lower $50s.

With this change, the model will rebalance with eight holdings equally weighted at 12.50% and now maintain exposure to materials (FXZ), banks (FTXO), pharmaceuticals (FTXH), biotechnology (FBT), semiconductors (FTXL), wind energy (FAN), Nasdaq-100 tech (QTEC), and technology (FXL).

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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.