Innovative Technology, Series 15
Technologically innovative companies are those that create or use technology to create growth.
Innovation from companies around the world continues to advance at a rapid pace, but nowhere
is it more evident than here in the U.S. Cutting-edge technologies, such as cloud computing and
advances in genetics, have the potential to revitalize the economy and spark sustained growth.
We believe an important factor of an economy's ability to foster innovation is the amount its companies spend on research and development (R&D). By this measure, as shown in the chart, the U.S. is
projected in 2017 to lead the world by a wide margin. We believe that companies with a history of innovation that continue to effectively use R&D have the potential to outperform the overall market.
This unit investment trust seeks above-average capital appreciation by investing in a fixed portfolio of common stocks of companies we believe are technologically innovative; however, there is no assurance the objective will be met.
Access to Transforming Technologies
The Innovative Technology Portfolio provides access to companies in areas of the market we believe are driving innovation:
Artificial Intelligence & Robotics
Artificial intelligence emphasizes the creation of
intelligent machines that work and react like humans. Robotics is the branch of technology that deals
with the design, construction, operation and application of robots.
Big data applications are part of every sector of the global economy, helping companies capture and analyze large volumes of data to deliver services to customers.
Advances in genetic science could have a profound impact on health care and agriculture.
Offers more efficiency in computing by centralizing storage, memory, processing and bandwidth at a lower cost and with greater flexibility.
Cybersecurity is used to protect computers, information and services from
unauthorized users and is applied to computing devices, as well as to networks and the Internet.
Internet Of Things
The interconnection via the Internet of computing devices embedded in
everyday objects, enabling them to send and receive data.
Social networking is changing the way businesses communicate with customers, generate new revenue streams and reduce operating costs.
|Not FDIC Insured Not Bank Guaranteed May Lose Value
You should consider the portfolio's investment objective, risks, and
charges and expenses carefully before investing. Contact your financial advisor
or call First Trust Portfolios, L.P. at 1.800.621.1675 to request a prospectus,
which contains this and other information about the portfolio. Read it carefully
before you invest.
An investment in this unmanaged unit investment trust should be made with an understanding of the risks involved with owning common stocks, such
as an economic recession and the possible deterioration of either the financial condition of the issuers of the equity securities or the general condition of
the stock market.
You should be aware that the portfolio is concentrated in stocks in the information technology sector which involves additional risks, including limited
diversification. The companies engaged in the information technology sector are subject to fierce competition, high research and development costs, and
their products and services may be subject to rapid obsolescence. Technology company stocks, especially those which are Internet-related, may
experience extreme price and volume fluctuations that are often unrelated to their operating performance.
An investment in a portfolio containing small-cap and mid-cap
companies is subject to additional risks, as the share prices of small-cap
companies and certain mid-cap companies are often more volatile than
those of larger companies due to several factors, including limited trading
volumes, products, financial resources, management inexperience and
less publicly available information.
An investment in a portfolio containing equity securities of foreign issuers is subject to additional
risks, including currency fluctuations, political risks, withholding, the lack of adequate financial
information, and exchange control restrictions impacting foreign issuers. Risks associated with
investing in foreign securities may be more pronounced in emerging markets where the securities
markets are substantially smaller, less developed, less liquid, less regulated, and more volatile
than the U.S. and developed foreign markets.
This UIT is a buy and hold strategy and investors should consider their
ability to hold the trust until maturity. There may be tax consequences
unless units are purchased in an IRA or other qualified plan.
The value of the securities held by the trust may be subject to steep
declines or increased volatility due to changes in performance or
perception of the issuers.