Unit Trusts


European Dividend Builders Portfolio, 1Q 2014

Portfolio Holdings

Roche Holding AGROG VXHealth Care4.30 %
Novartis AGNVSHealth Care4.29 %
GlaxoSmithKline PLC GSKHealth Care4.29 %
Fugro N.V.FUR NAEnergy3.12 %
OMV AG OMV AVEnergy3.07 %
Casino Guichard-Perrachon SACO FPConsumer Staples2.19 %
British American Tobacco PLC BTIConsumer Staples2.17 %
Suedzucker AG SZU GYConsumer Staples2.17 %
Koninklijke Ahold NVAHONYConsumer Staples2.16 %
Tate & Lyle PLCTATE LNConsumer Staples2.16 %
Metro AGMEO GYConsumer Staples2.14 %
TeliaSonera ABTLSN SSTelecommunication Services1.74 %
Telenor ASATELNYTelecommunication Services1.74 %
Telefonica SATEFTelecommunication Services1.74 %
SAP AGSAPInformation Technology1.66 %
Cap GeminiCGEMYInformation Technology1.65 %
Umicore SA UMI BBMaterials1.63 %
Baloise Holding AGBALN VXFinancials1.63 %
UnipolSai Assicurazioini SpAUS IMFinancials1.62 %
BASF SEBASFYMaterials1.62 %
CNP Assurances CNP FPFinancials1.62 %
Hannover Rueck SEHNR1 GYFinancials1.62 %
HSBC Holdings PLCHSBCFinancials1.62 %
Legal & General Group PLCLGEN LNFinancials1.61 %
ICAP PLCIAP LNFinancials1.61 %
AXA SAAXAHYFinancials1.61 %
Mapfre SAMAP SQFinancials1.61 %
Syngenta AGSYTMaterials1.61 %
Old Mutual PLCOML LNFinancials1.61 %
Nordea Bank ABNDA1V FHFinancials1.61 %
Investec PLC INVP LNFinancials1.61 %
Muenchener Rueckversicherungs-Gesellschaft AGMURGYFinancials1.61 %
Direct Line Insurance Group PLC DLG LNFinancials1.61 %
Voestalpine AGVOE AVMaterials1.60 %
Rexam PLCREX LNMaterials1.59 %
SSE PLC SSEZYUtilities1.34 %
Centrica PLCCPYYYUtilities1.34 %
GDF SuezGDFZYUtilities1.34 %
Compass Group PLCCMPGYConsumer Discretionary1.27 %
WPP Group plcWPPGYConsumer Discretionary1.27 %
Bayerische Motoren Werke AGBAMXYConsumer Discretionary1.26 %
British Sky Broadcasting Group PLCBSYBYConsumer Discretionary1.26 %
Cie Generale des Etablissements MichelinML FPConsumer Discretionary1.26 %
Axel Springer AGSPR GYConsumer Discretionary1.26 %
Tui Travel PLCTT/ LNConsumer Discretionary1.25 %
Pearson, PlcPSOConsumer Discretionary1.25 %
Adecco SAADEN VXIndustrials0.90 %
Siemens AGSIIndustrials0.90 %
Kone Oyj KNEBV FHIndustrials0.90 %
Andritz AGANDR AVIndustrials0.90 %
Koninklijke Philips Electronics N.V. PHGIndustrials0.89 %
SGS SASGSOYIndustrials0.89 %
ABB LimitedABBIndustrials0.89 %
SKF ABSKFB SSIndustrials0.89 %
Schneider Electric SASBGSYIndustrials0.89 %
Atlas Copco ABATLKYIndustrials0.89 %
Cobham PLCCOB LNIndustrials0.89 %
BAE Systems PLCBAESYIndustrials0.89 %
Smiths Group PLCSMIN LNIndustrials0.88 %

Data used for the Portfolio Holdings and Portfolio Allocation Characteristics is from Bloomberg Finance L.P. Portfolio holdings are provided for informational purposes only and should not be deemed as a recommendation to buy or sell individual securities. Portfolio Holdings and Portfolio Allocation Characteristics are as of deposit day and are subject to change and may vary thereafter.

The style and capitalization characteristics are designed to help investors understand how they fit into an overall investment plan. Value, blend and growth are types of investment styles. Growth Investing generally seeks stocks that offer the potential for greater-than-average earnings growth, and may entail greater risk than value or blend investing. Value investing generally seeks stocks that may be sound investments but are temporarily out of favor in the marketplace, and may entail less risk than growth investing. A blend investment combines the two styles. Market capitalization is determined by the following criteria: Large Cap: Greater than $10 billion, Mid Cap: $2 billion-$10 billion, Small Cap: $250 million-$2 billion Micro Cap: Below $250 million.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities, and is not provided in a fiduciary capacity. The information provided does not take into account the specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on an investor’s objectives and circumstances and in consultation with his or her advisors.

Risk Considerations
There is no assurance that a unit investment trust will achieve its investment objective. An investment in this unit investment trust is subject to market risk, which is the possibility that the market values of securities owned by the trust will decline and that the value of trust units may therefore be less than what you paid for them. This trust is unmanaged. Accordingly, you can lose money investing in this trust.

Common stocks do not assure dividend payments. Dividends are paid only when declared by an issuer’s board of directors and the amount of any dividend may vary over time.

Stocks of small companies are often more volatile than those of larger companies as a result of several factors such as limited trading volumes, products or financial resources, management inexperience and less publicly available information.

A portfolio concentrated in a single market sector may present more risk than a portfolio broadly diversified over several sectors. This trust is concentrated in the financial sector. There are certain risks specific to the financials sector including the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

Investing in foreign securities involves certain risks not typically associated with investing solely in the United States. This may magnify volatility due to changes in foreign exchange rates, the political and economic uncertainties in foreign countries, U.S. or foreign tax treatment, and the potential lack of liquidity, government supervision and regulation.

The trust invests in securities issued by companies operating in Europe and, therefore, is subject to certain risks associated specifically with Europe. European Union member states no longer control their own monetary policies and such control is exercised by the European Central Bank. Furthermore, the European sovereign debt crisis and the related austerity measures in certain countries have had, and continues to have, a significant negative impact on the economies of certain European countries and their future economic outlooks.

Although this trust’s life is approximately 15 months, this strategy should be considered as part of a long-term investment strategy and investors should consider their ability to pursue investing in successive portfolios at the applicable sales charge, if available. There may be tax consequences associated with an investment from one series to the next unless units are purchased in an IRA or other qualified tax-deferred account. Investors should consult their tax advisor or attorney to determine tax consequences associated with an investment from one portfolio to the next.

The portfolio was selected on the basis of data as of a given date and used values that can be calculated differently.

The stocks in the portfolio are not weighted in the same manner as the basket.


Incapital Unit Trust, Series 43, is a unit investment trust that consists of multiple portfolios, including the European Dividend Builders Portfolio, Series 1Q 2014. Incapital LLC serves as the Sponsor to the Trust.

The portfolio is not sponsored, endorsed, sold or promoted by Goldman Sachs. Goldman Sachs makes no representation or warranty, express or implied, regarding (i) the advisability of investing in the portfolio, (ii) the ability of the portfolio to track the basket performance, or (iii) the reliability and accuracy of the information from third parties used to calculate the basket. Goldman Sachs’ only relationship to Incapital in connection with the Trust is the grant of a license and the payment of certain start-up costs and expenses for the trust, which is composed and calculated by Goldman Sachs, or its agent, without regard to Incapital or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio. Incapital and Goldman Sachs have other business relationships which include Goldman Sachs providing investment products, such as structured notes, structured bank certificates of deposit and insurance products, for distribution by Incapital to its clients. In addition, as of the date of the prospectus and as disclosed therein, Goldman Sachs holds a minority, non-voting membership interest in the parent company of Incapital LLC.

Goldman Sachs is not responsible for any investment decisions, damages or other losses resulting from use of the portfolio or any information provided in conjunction with it. Goldman Sachs does not guarantee the accuracy, completeness or timeliness of the portfolio methodology or any portion of it and will not be liable for any errors, omissions or interruptions arising from its use. Goldman Sachs makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use, with respect to the portfolio methodology or any portion of it.

The MSCI indices are the exclusive property of MSCI Inc. (“MSCI”). MSCI and the MSCI index names are service marks of MSCI or its affiliates and are licensed for use for certain purposes by The Goldman Sachs Group, Inc. and its affiliates. No purchaser, seller or holder of the securities, or any other person or entity, should use or refer to any MSCI trade name, trademark or service mark to sponsor, endorse, market or promote the securities without first contacting MSCI to determine whether MSCI’s permission is required. Under no circumstances may any person or entity claim any affiliation with MSCI without the prior written permission of MSCI. The basket is not sponsored, endorsed, sold or promoted by MSCI and MSCI does not make any representation regarding the advisability of investing in the securities.

Trust Summary

Trust NameEuropean Dividend Builders Portfolio, 1Q 2014
Series Name1Q 2014
Trust SymbolEDB1Q14
Nasdaq SymbolINEDGX
Trust StatusTerminated
Initial Offer Date03/10/2014
Termination Date06/09/2015
First Income Record Date06/10/2014
Distibution FrequencyQuarterly
Tax StructureRIC
Liquidation Price1$8.7296
Cash CUSIP45326U147
Reinvest CUSIP45326U154
Fee Cash CUSIP45326U162
Fee Reinvest CUSIP45326U170

1. Represents the value per unit that a unitholder would receive if the unitholder redeemed or sold units. This price is equal to the net asset value per unit plus any remaining organization costs and creation & development fee. This price reflects any remaining non-contingent deferred sales charges payable in connection with a liquidation of units.

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