Secular Growth Portfolio, 2013 Series Series 1

Under normal circumstances, the Trust will invest at least 80% of the value of its assets in secular growth equity securities. The securities selected for the Trust include common stocks and units of a master limited partnership (a “MLP”). Secular growth companies are companies that may benefit from an enduring trend toward business improvement that is not dependent upon the economic cycle. Such trends may result from larger technological, social, or economic change that can last several years or more. In contrast, cyclical growth companies are highly dependent upon broader economic growth to drive their earnings expansion and such firms may demonstrate earnings acceleration for only a handful of quarters or a few years.

The Sponsor has selected the portfolio of securities based principally upon research published by Morgan Stanley & Co. LLC. A list of securities derived from the research published by Morgan Stanley & Co. LLC is the starting point for the selection universe for the portfolio. The Sponsor then applies various screens to determine whether the securities identified are suitable for a unit investment Trust structure and for inclusion in the Trust portfolio. These screens include, but are not limited to, trading liquidity, market capitalization, minimum share price requirements, diversification and investment company limitations.

The Sponsor believes that companies which exhibit long-term secular growth prospects along with strong growth characteristics may demonstrate an ability to accelerate revenues, returns and profits. This acceleration, relative to a firm’s peer group, usually reflects an innovative product or service, an expanding geographic operating footprint or a competitive advantage enabling the firm to capture additional market share. The Sponsor also believes these companies will exhibit positive growth characteristics regardless of the general global economic environment.

The Trust aims to provide a portfolio of securities that the Sponsor believes have the potential to benefit from long-term secular growth trends which include high quality U.S.-listed growth-oriented companies. The Sponsor believes that growth stocks on the whole tend to be less impacted by cyclical forces, one of the reasons that, over time, growth stocks are more likely to meet or exceed their earnings estimates more frequently than value stocks. However, there can be no assurance that any security held by the Trust will meet the Trust objective.

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

The Trust will invest in common stocks and units of a MLP. The common stocks may include the common stocks of U.S. and foreign companies that have small-, mid- and large-capitalizations. The Trust’s portfolio is constructed through following a methodology that focuses on factors including, but not limited to:

• Valuation. The Trust favors companies whose valuations appear to be attractive based on measures such as price-to earnings, price-to-book and price to-cash flow.

• Growth. The Trust favors companies that the Sponsor believes are positioned to benefit from secular trends. For example, a secular trend may be certain technological innovations or shifting consumer trends (e.g., social media).

• Profitability. The Trust favors companies with a history of consistent and high profitability as measured by, but not limited to, revenue growth and operating income.

• Industry leadership. The Trust favors companies that possess a strong competitive position among their domestic and global peers.

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. In addition, Standard & Poor’s Rating Services lowered its long-term sovereign credit rating on the United States to “AA+” from “AAA.” Effects of the economic crisis can still be felt in many countries around the world and may have an impact on the securities held by the Trust.

• Share prices or dividend rates on the securities in the Trust may decline during the life of the Trust. There is no guarantee that share prices of securities in the Trust will not decline and 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.

• The Trust invests in “growth” stocks. Growth stocks are issued by companies which, based upon their higher than average price/book ratios, are expected to experience greater earnings growth rates relative to other companies in the same industry or the economy as a whole. Securities of growth companies may be more volatile than other stocks. If the perception of a company’s growth potential is not realized, the securities purchased may not perform as expected, reducing the Trust’s return. In addition, because different types of stocks tend to shift in and out of favor depending on market and economic conditions, “growth” stocks may perform differently from the market as a whole and other types of securities.

• The Trust invests in a MLP. MLPs are limited partnerships or limited liability companies that are taxed as partnerships and whose interests (limited partnership units or limited liability company units) are traded on securities exchanges like shares of common stock. Currently, most MLPs operate in the energy, natural resources or real estate sectors. Investments in MLP interests are subject to the risks generally applicable to companies in the energy and natural resources sectors, including commodity pricing risk, supply and demand risk, depletion risk and exploration risk.

The benefit the Trust derives from its investment in MLPs is largely dependent on their being treated as partnerships for federal income tax purposes. As a partnership, an MLP has no income tax liability at the entity level. If, as a result of a change in an MLP’s business, an MLP were treated as a corporation for federal income tax purposes, such MLP would be obligated to pay federal income tax on its income at the applicable corporate tax rate. If an MLP was classified as a corporation for federal income tax purposes, the amount of cash available for distribution with respect to its units would be reduced and any such distributions received by the Trust would be taxed entirely as dividend income if paid out of the earnings of the MLP. Therefore, treatment of an MLP as a corporation for federal income tax purposes would result in a material reduction in the after-tax return to the Trust, likely causing a substantial reduction in the value of the units of the Trust.

• The Trust includes securities issued by companies in the information technology sector. The Trust is concentrated in the information technology sector. As a result, the factors that impact the information technology sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Some of the risks associated with the information technology sector are listed below. 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 consumer products sector. The Trust is concentrated in the consumer products sector. As a result, the factors that impact the consumer products sector will likely have a greater effect on this Trust than on a more broadly diversified Trust. Some of the risks associated with the consumer products sector are listed below. General risks of companies in the consumer products sector include cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, product liability litigation and increased government regulation. A weak economy and its effect on consumer spending would adversely affect companies in the consumer products sector.

• The Trust invests in securities issued by small-capitalization and mid-capitalization companies. These securities customarily involve more investment risk than securities of large-capitalization companies. 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 securities selected for the Trust’s portfolio may be subject to conflicts of interest. The Trust’s portfolio is principally based upon research provided by Morgan Stanley & Co. LLC. Morgan Stanley & Co. LLC has a range of relationships with certain of the companies contained in the portfolio. The inclusion of these companies in Morgan Stanley & Co. LLC’s research may constitute a conflict of interest. Potential conflicts of interest are set forth in detail in the “Trust Portfolio” section.

• 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.

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