Technology Select Portfolio, Series 73
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 $3.8 trillion in 2019, with the
enterprise software segment spending nearly $431 billion, an 8.5% increase from 2018.
- Cloud computing allows companies to use software, applications and other services on a pay-per-use
basis. According to Gartner, the worldwide public cloud services market is expected to grow 17.5% in
2019 to total $214.3 billion, up from $182.4 billion in 2018. By 2022, Gartner predicts that worldwide
public cloud service revenue will potentially reach $331.2 billion.
- According to World Semiconductor Trade Statistics, in 2018 sales were up 13.7% and reached $468.8
billion which was an all-time high.
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
|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.
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.
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.
As the use of Internet technology has become more prevalent in
the course of business, the trust has become more susceptible to
potential operational risks through breaches in cyber security.
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.