Unit Trusts

UIT

European Dividend Builders Portfolio, 3Q 2013



Portfolio Holdings

NameSymbolSectorWeight
BAYER AG-SPONSORED ADRBAYRYHealth Care3.22 %
ROCHE HOLDINGS LTD-SPONS ADRRHHBYHealth Care3.20 %
NOVARTIS AG-ADRNVSHealth Care3.19 %
Neste Oil OYJNES1V FHEnergy3.14 %
GLAXOSMITHKLINE PLC-SPON ADRGSKHealth Care3.13 %
OMV AG OMV AVEnergy3.12 %
AMEC PLCAMEC LNEnergy3.12 %
CASINO GUICHARD PERRACHONCO FPConsumer Staples2.37 %
BRITISH AMERICAN TOB-SP ADRBTIConsumer Staples2.37 %
NESTLE SA-SPONS ADRNSRGYConsumer Staples2.37 %
UNILEVER N V -NY SHARESUNConsumer Staples2.36 %
Suedzucker AG SZU GYConsumer Staples2.36 %
KONINKLIJKE AHOLD-SP ADRAHONYConsumer Staples2.36 %
TeliaSonera ABTLSN SSTelecommunication Services1.85 %
Telenor ASA TEL NOTelecommunication Services1.83 %
TELEFONICA SA-SPON ADRTEFTelecommunication Services1.83 %
Solvay SASOLB BBMaterials1.65 %
BASF SE-SPON ADRBASFYMaterials1.63 %
REXAM PLC-SPONSORED ADRREXMYMaterials1.63 %
SYNGENTA AG-ADRSYTMaterials1.62 %
UMICOREUMI BBMaterials1.61 %
ZURICH INSURANCE GROUP-ADRZURVYFinancials1.59 %
ERICSSON (LM) TEL-SP ADRERICInformation Technology1.58 %
Cap GeminiCAP FPInformation Technology1.58 %
HSBC HOLDINGS PLC-SPONS ADRHBCFinancials1.54 %
BALOISE HOLDING AG - REGBALN VXFinancials1.54 %
CNP Assurances CNP FPFinancials1.53 %
MUENCHENER RUECK-UNSPON ADRMURGYFinancials1.53 %
AXA -SPONS ADRAXAHYFinancials1.53 %
SCOR SE SCR FPFinancials1.53 %
NatixisKN FPFinancials1.53 %
Nordea Bank ABNDA SSFinancials1.53 %
DIRECT LINE INSURANCE GROUPDLG LNFinancials1.53 %
Mapfre SAMAP SQFinancials1.53 %
Investec PLC INVP LNFinancials1.53 %
ABERDEEN ASSET MGMT PLCADN LNFinancials1.52 %
SAMPO OYJ-A SHSSAMAS FHFinancials1.52 %
SSE PLC-SPN ADRSSEZYUtilities1.39 %
RED ELECTRICA CORPORACION SAREE SQUtilities1.29 %
IBERDROLA SA-SPONSORED ADRIBDRYUtilities1.28 %
MICHELIN (CGDE)ML FPConsumer Discretionary1.25 %
Tui Travel PLCTT/ LNConsumer Discretionary1.24 %
BMW-UNSPONSORED ADRBAMXYConsumer Discretionary1.24 %
ELECTROLUX AB -SPONS ADR BELUXYConsumer Discretionary1.24 %
Nokian Renkaat OyjNRE1V FHConsumer Discretionary1.23 %
PEARSON PLC-SPONSORED ADRPSOConsumer Discretionary1.23 %
AXEL SPRINGER SESPR GYConsumer Discretionary1.23 %
BRITISH SKY BROADCAST-SP ADRBSYBYConsumer Discretionary1.22 %
GEBERIT AG-REGGEBN VXIndustrials1.00 %
ATLAS COPCO AB-SPONS ADR AATLKYIndustrials0.98 %
SKF AB-B SHARESSKFB SSIndustrials0.98 %
ADECCO SA-REGADEN VXIndustrials0.97 %
ABB LTD-SPON ADRABBIndustrials0.97 %
KONINKLIJKE PHILIPS NVR- NYPHGIndustrials0.97 %
ALSTOMALO FPIndustrials0.97 %
SCHNEIDER ELECT SE-UNSP ADRSBGSYIndustrials0.97 %
Sandvik ABSAND SSIndustrials0.96 %
SIEMENS AG-SPONS ADRSIIndustrials0.96 %
KONE OYJ-BKNEBV FHIndustrials0.95 %
SMITHS GROUP PLC- SPON ADRSMGZYIndustrials0.88 %

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.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE

Incapital Unit Trust, Series 34, is a unit investment trust that consists of the European Dividend Builders Portfolio, Series 3Q 2013. 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.

© 2013 Goldman Sachs. All rights reserved.


Trust Summary

Trust NameEuropean Dividend Builders Portfolio, 3Q 2013
Series Name3Q 2013
Trust SymbolEDB3Q13
Nasdaq SymbolINEDEX
Trust StatusTerminated
Initial Offer Date09/10/2013
Termination Date12/09/2014
First Income Record Date12/18/2013
Distibution FrequencyQuarterly
Tax StructureRIC
Liquidation Price1$9.6878
Cash CUSIP45328R100
Reinvest CUSIP45328R118
Fee Cash CUSIP45328R126
Fee Reinvest CUSIP45328R134

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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