Utilities Portfolio Series 9

The trust consists of 27 stocks classified as being in the Utilities Sector by the Global Industry Classification Standard (“GICS”). The trust is diversified across the Utilities Sector including integrated electric, pipeline and gas distribution companies. The sponsor selects stocks for the trust that it believes have the potential to achieve the trust’s investment objective.

Companies are selected for the trust from within the Utility Sector by examining factors that include, but are not limited to:

• Products and/or services offered by the companies
• The competitive environment
• Research and development capabilities
• Potential acquisitions
• Financing
• A fundamental and technical equity valuation assessment.

By examining these factors the sponsor hopes to identify companies for the trust that represent the best relative values in the Utility Sector.

As with all investments, you can lose money by investing in the trust. The trust also might not perform as well as you expect. This can happen for reasons such as these:

• Stock 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.
• 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 stocks will declare dividends in the future and, if declared, whether they will remain at current levels or increase over time.
• The trust invests in stocks issued by small-capitalization and mid-capitalization companies. These stocks customarily involve more investment risk than stocks of large-capitalization companies. Small-capitalization and mid-capitalization companies may have limited product lines, markets or financial resources and may be vulnerable to adverse general market or economic developments.
• The trust includes securities from the utilities sector. Adverse developments in this sector may significantly affect the value of your units. Companies involved in the utilities sector must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
• Inflation may lead to a decrease in the value of assets or income from investments.

See “Investment Risks” in Part A of the prospectus and “Risk Factors” in Part B of the prospectus for additional information.