Technology Select Portfolio, Series 66
From cell phones to MRIs, innumerable products and services, as well as the people that use them each day, rely in some way on technology. Powering this technology in our everyday lives are computer, software, networking, semiconductor and communication companies.
Consider These Factors
- Gartner forecasts worldwide IT spending to total approximately $3.5 trillion in 2017, with the
enterprise software segment spending nearly $351 billion, a 7.6% increase from 2016.
- Cloud computing allows companies to use software, applications and other services on a pay-per-use basis.
According to International Data Corporation (IDC), worldwide spending on public cloud services and
infrastructure is anticipated to reach $122.5 billion in 2017, an increase of 24.4% over 2016. By 2020, IDC
predicts that worldwide public cloud spending will reach $203.4 billion.
- According to World Semiconductor Trade Statistics, in 2016 worldwide semiconductor sales reached an
all time high of $338.9 billion and are projected to reach $378 billion in 2017 and $388 billion in 2018.
This unit investment trust seeks above-average capital appreciation by investing in companies in the technology sector; however, there is no assurance the objective will be met.
|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. There is no assurance
that the projections stated herein will be realized.
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 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.