Multinational Titans Portfolio Series 1

The Trust will invest in a portfolio of common stocks of large, multinational companies that do business in multiple countries around the world. The companies selected for the portfolio derive a growing portion of their revenue from emerging market countries and may provide investors with a way to gain exposure to this potential growth without investing directly in the local foreign markets.

The Trust invests in companies that are "business titans," which are companies that are recognized leaders in their particular industries. The Sponsor has selected securities for the portfolio that have the potential to achieve the Trust’s investment objective. The Sponsor has entered into a research partnership with Revere Data, LLC (“Revere”). Revere began with the securities in the S&P 500® Index and has identified a universe of approximately 100 stocks with multinational profiles that derive a large portion of their revenues from emerging market countries. Such companies have a strong business presence in foreign and emerging market countries but may not be incorporated or headquartered in foreign or emerging market countries. Revere uses a proprietary database to identify these companies. The Sponsor then selects a final portfolio of 40 securities based on, but not limited to, the following factors:

• Profitability & Profit Growth. Profitable firms and those with consistent earnings per share growth over the last one to four years.
• Revenue Growth. Growing sales over the last one to four years.
• Growth in Operating Margins.
• Price-Earnings Multiple. Avoid securities with significantly elevated or distressed P/E multiples.
• Return on Equity. Positive and growing ROE over the last one to four years.
• Share Price Trends & Volatility. Focus on strong returns relative to the initial universe and avoid stocks with abnormally high volatility.
• Competitive Advantage. Focus on companies with unique operating advantages and asset profiles.
• Recent Company & Industry News. Close scrutiny will be paid to recent news items that may impact near-term operating results, but which are not yet embodied in a company’s financial filings.

Revere Data, LLC

Revere Data, LLC, is headquartered in San Francisco with offices in Boston, New York, Washington, D.C. and Youngstown, Ohio. Revere is a provider of global sector classification, supply chain systems and revenues by geography that offer investors a better understanding of the cornerstone of all great companies: the products and services they sell. Revere goes deep inside companies to classify their lines of business, their key business relationships and their sources of revenue by geography. Revere offers a comprehensive suite of data, analytics and index services for the investment community including Revere Hierarchy Analytics and Revere Relationships Analytics. The Trust will pay Revere a one-time licensing fee for the use of its intellectual property.

The Top 100 S&P 500 Average is comprised of the top 100 S&P 500 constituents ranked by their percentage of revenue derived from Emerging Markets. The S&P 500 Average represents the average percentage of revenue derived from Emerging Markets by S&P 500 constituents. The S&P 500 Index (“Index”) is a capitalization-weighted index of 500 stocks. The Index is designed to measure performance of the broad domestic economy through changes in the aggregate market vale of 500 stocks representing all major industries. The index is unmanaged and it is not possible to invest directly in the Index.

As with all investments, you may lose some or all of your investment in the Trust. No assurance can be given that the Trust’s investment objective will be achieved. 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. Starting in December 2007, economic activity declined across all sectors of the economy, and the United States experienced increased unemployment. The economic crisis affected the global economy with European and Asian markets also suffering historic losses. Standard & Poor’s Rating Services recently lowered its long-term sovereign credit rating on the United States to “AA+” from “AAA,” which could lead to increased interest rates and volatility. Extraordinary steps have been taken by the governments of several leading countries to combat the economic crisis; however, the impact of these measures is not yet fully known and cannot be predicted.
• The Trust invests in companies that do significant business in foreign countries. The Trust’s investment in companies that do significant business in foreign countries presents additional risk. Securities of such companies are subject to the risk that foreign countries may be more volatile than the United States 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 includes securities issued by companies that do significant business in countries considered to be emerging markets. The performance of the securities included in the Trust may be dependant, in part, on the growth or decline of emerging market countries. Emerging markets are generally defined as countries with low per capita income in the initial stages of their industrialization cycles. Risks of investing in companies that do significant business in developing or emerging countries include, among other concerns, political uncertainties and dependence on international trade and development assistance. Companies that do significant business in emerging market countries may be exposed to greater volatility and market risk. In addition, the economies of emerging market countries may be extremely volatile and subject to increased risks. The Trust includes securities issued by companies in the information technology sector. The Trust is diversified across the information technology sector and includes stocks of companies from the following industries: communications equipment, computers and peripherals, electronic equipment and instruments, internet software and services, IT services, office electronics, semiconductors and semiconductor equipment and software. Adverse developments in the sector may affect the value of your investment. Companies involved in this sector must contend with rapid changes in technology, intense competition, government regulation and the rapid obsolescence of products and services. Furthermore, sector predictions may not materialize and the companies selected for the Trust may not represent the entire sector and may not participate in the overall sector growth.
• The Trust includes securities of companies in the basic materials sector. General risks of companies in the basic materials sector include the general state of the economy, consolidation, domestic and international politics and excess capacity. In addition, basic materials companies may also be significantly affected by volatility of commodity prices, import controls, worldwide competition, liability for environmental damage, depletion of resources and mandated expenditures for safety and pollution control devices.
• The Trust invests in securities issued by mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. Mid-capitalization companies may have limited product lines, markets or financial resources and may be more vulnerable to adverse general market or economic developments.
• 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 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.
• The Sponsor does not actively manage the portfolio. The Trust will generally hold, and may, when creating additional units, continue to buy, the same securities even though a security’s outlook, market value or yield may have changed.