Diversified Dividend & Income Portfolio Series 9

The Trust consists of a diversified portfolio of dividend-paying equity securities. The Sponsor believes that dividends are often a good indicator of a corporation’s current financial condition and furthermore, may signal management’s belief in a profitable future for the corporation. Investors seeking to return to the often volatile equity markets may consider the income available from a group of dividend-paying securities as a logical first step toward reentry into such markets.

See “Investment Policies” in Part B of the prospectus for more information.

The Sponsor selects domestic companies that it believes are core holdings of a well-diversified domestic dividend-paying portfolio. To select the portfolio the Sponsor follows a disciplined process which includes both quantitative screening and qualitative analysis. The Sponsor begins with the companies currently in the Russell 3000® Index and identifies a universe of securities with higher indicated dividend yields than their average counterpart within the same Global Industry Classification Standards (“GICS”) sector, excluding real estate investment trusts. From this universe of approximately 400 companies, the Sponsor identifies approximately 40 companies for inclusion in the portfolio through a qualitative analysis, which may be primarily based on, but not limited to, the following factors:

• Cash-flow Adequacy: The Sponsor favors companies with recent earnings, operating cash-flow, and free cash-flow significantly higher than the dividends paid.
• Balance Sheet: The Sponsor favors companies that possess overall financial strength and exhibit balance sheet improvements relative to their peers and the marketplace.
• Valuation: The Sponsor favors companies whose valuations appear to be attractive based on measures such as price-to-earnings, price-to-book and price-to-cash flow.
• Industry Leadership: The Sponsor favors companies that possess a strong competitive position among their domestic and global peers.
• Growth: The Sponsor favors companies with a history of (and prospects for) above average growth of dividends, sales and earnings. For the final step the Sponsor weights the selected securities such that the portfolio has no more than approximately 20% (as of the date of deposit) in any one given GICS sector.

The Sponsor believes that one factor that may provide increased returns for shareholders over long periods of time is dividend reinvestment. Reinvesting dividends has historically had a significant compounding effect on investor returns. However, there is no guarantee that dividend reinvestment will have such a compounding effect on investor returns in the future.

The Russell 3000® Index

The Russell 3000® Index offers investors access to the broad U.S. equity universe representing approximately 98% of the U.S. market. The Russell 3000® is constructed to provide a comprehensive, unbiased, and stable barometer of the broad market and is completely reconstituted annually to ensure new and growing equities are reflected.

As with all investments, you may lose some or all of your investment in the Trust. The Trust also might not perform as well as you expect. This can happen for reasons such as these:

• Securities prices can be volatile. The value of your investment may fall over time. Market value fluctuates in response to various factors. These can include stock market movements, purchases or sales of securities by the Trust, government policies, litigation, and changes in interest rates, inflation, the financial condition of the securities’ issuer or even perceptions of the issuer. Units of the Trust are not deposits of any bank and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
• Due to the current state of the economy, 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. In the last year, economic activity has declined across all sectors of the economy, and the United States is experiencing increased unemployment. The current economic crisis has affected the global economy with European and Asian markets also suffering historic losses. Extraordinary steps have been taken by the governments of several leading economic countries to combat the economic crisis; however, the impact of these measures is not yet known and cannot be predicted.
• The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may continue to buy, the same securities even though a security’s outlook, market value or yield may have changed.
• Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that the issuers of the securities in the Trust will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
• The Trust includes securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more risk than large-capitalization or more seasoned securities. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
• Inflation may lead to a decrease in the value of assets or income from investments.