Renewable & Alternative Energy Portfolio Series 6

The trust contains securities of companies involved in the renewable and alternative energy sector. This sector is associated with energy sources that include, but are not limited to, wind, solar, hydroelectric, biomass, hydrogen and geothermal.

The trust consists of a portfolio of 57 domestic and foreign securities that the sponsor believes have a focus in at least one of the many categories that comprise the renewable and alternative energy sector. The categories include, but are not limited to, solar power, wind power, biomass, fuel cell, nuclear, geothermal and hydroelectric. The sponsor selects stocks for the trust from within the alternative and renewable energy sector that it believes to have the potential to achieve the trust’s investment objective.

As with all investments, you can lose money by investing in this 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.
• 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.
• The trust invests in foreign securities and American Depositary Receipts (“ADRs”). The trust’s investment in foreign securities and ADRs presents additional risk. ADRs are issued by a bank or trust company to evidence ownership of underlying securities issued by foreign corporations. Securities of foreign issuers present risks beyond those of domestic securities. More specifically, foreign risk is the risk that foreign securities will be more volatile than U.S. securities due to such factors as adverse economic, currency, political, social or regulatory developments in a country, including government seizure of assets, excessive taxation, limitations on the use or transfer of assets, the lack of liquidity or regulatory controls with respect to certain industries or differing legal and/or accounting standards.
• The trust may invest in companies that are considered to be passive foreign investment companies (“PFICs”). In general, PFICs are certain non-U.S. corporations that receive at least 75% of their annual gross income from passive sources (such as interest, dividends, certain rents and royalties or capital gains) or that hold at least 50% of their assets in investments producing such passive income. As a result of an investment in PFICs, the trust could be subject to U.S. federal income tax and additional interest charges on gains and certain distributions with respect to those equity interests, even if all the income or gain is distributed to its unitholders in a timely manner.  The trust will not be able to pass through to its unitholders any credit or deduction for such taxes.
• The trust includes securities issued by small-capitalization and mid-capitalization companies. These stocks  customarily involve more risk than large-capitalization or more seasoned stocks. 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.
• The trust includes securities issued by companies in the renewable and alternative energy sector. Companies in the renewable and alternative energy sector can be significantly affected by the following factors: obsolescence of existing technology, short product cycles, legislation resulting in more strict government regulations and enforcement policies, fluctuations in energy prices and supply and demand of alternative energy fuels, energy conservation, the success of exploration projects, the supply of and demand for oil and gas, world events and economic conditions. In addition, shares in the companies involved in this sector have been significantly more volatile than shares of companies operating in other more established sectors and the securities included in the trust may be subject to sharp price declines. This sector is relatively nascent and underresearched in comparison to more established and mature sectors, and should therefore be regarded as having greater investment risk.
• The trust includes stocks issued by companies in the industrial sector. Companies in the industrial sector are affected by a number of factors including the general state of the economy, intense competition, domestic and international politics, excess capacity and spending trends.
• The trust includes securities from the utility sector. Adverse developments in this sector may significantly affect the value of your units. Companies involved in the utility sector must contend with environmental considerations, taxes, government regulation, price and supply fluctuations, competition and energy conservation.
• Share prices or dividend rates on the securities may decline during the life of the trust. There is no guarantee that the issuers of the securities will declare dividends in the future and if declared, whether they will remain at current levels or increase over time.
• Inflation may lead to a decrease in the value of assets or income from investments.