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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.

Portfolio Objective

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.

Chart

 


Access to Transforming Technologies

The Innovative Technology Portfolio provides access to companies in areas of the market we believe are driving innovation:

Big Data
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.

Biotechnology
Advances in genetic science could have a profound impact on health care and agriculture.

Cloud Computing
Offers more efficiency in computing by centralizing storage, memory, processing and bandwidth at a lower cost and with greater flexibility.

Cybersecurity
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.

Energy
Global growth has placed stress on existing energy sources, propelling advances in energy alternatives.

Internet Of Things
The interconnection via the Internet of computing devices embedded in everyday objects, enabling them to send and receive data.

Social Networking
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.

Risk Considerations:
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 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.

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.

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.

 
The information in the prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. The prospectus is not an offer to sell these securities and is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
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