Unit Trusts


European Dividend Builders Portfolio, 4Q 2015

Portfolio Holdings

Roche Holding AGRHHBYHealth Care4.54 %
AstraZeneca PLCAZNHealth Care4.53 %
Sanofi SNYHealth Care4.50 %
Swisscom AG SCMWYTelecommunication Services2.55 %
TeliaSonera AktiebolagTLSNYTelecommunication Services2.54 %
British American Tobacco PLC BTIConsumer Staples2.49 %
Imperial Tobacco Group PLCITYBYConsumer Staples2.48 %
Distribuidora Internacional de Alimentacion, S.A. DIA SQConsumer Staples2.48 %
METRO AGMEO GYConsumer Staples2.47 %
Nestle S.A.NSRGYConsumer Staples2.46 %
Tate & Lyle PLCTATE LNConsumer Staples2.45 %
Subsea 7 S.A.SUBC NOEnergy2.28 %
Amec Foster Wheeler PLC AMFWEnergy2.23 %
BP PLCBPEnergy2.22 %
SAP SE SAPInformation Technology1.90 %
The Sage Group PLCSGE LNInformation Technology1.89 %
Natixis SAKN FPFinancials1.64 %
Tryg A/S TRYG DCFinancials1.62 %
Zurich Insurance Group AGZURVYFinancials1.61 %
UnipolSai S.p.A.US IMFinancials1.61 %
Standard Chartered plcSTAN LNFinancials1.61 %
MAPFRE, S.A.MAP SQFinancials1.61 %
Svenska Handelsbanken AB SVNLYFinancials1.61 %
Baloise Holding AG BALN VXFinancials1.61 %
Legal & General Group PLCLGEN LNFinancials1.60 %
Banco Bilbao Vizcaya Argentaria, S.A. BBVAFinancials1.60 %
Sampo OYJ SAXPYFinancials1.60 %
Aberdeen Asset Management PLCABDNYFinancials1.60 %
Old Mutual PLCOML LNFinancials1.60 %
HSBC Holdings PLCHSBCFinancials1.59 %
Next PLCNXT LNConsumer Discretionary1.30 %
Persimmon PLCPSMMYConsumer Discretionary1.30 %
E.ON SEEONGYUtilities1.29 %
Enagas SAENG SQUtilities1.29 %
The Swatch Group AGSWGAYConsumer Discretionary1.28 %
Pearson PLC PSOConsumer Discretionary1.28 %
William Hill PLCWIMHYConsumer Discretionary1.28 %
Relx NVRENXConsumer Discretionary1.28 %
Marks and Spencer Group PLC MAKSYConsumer Discretionary1.28 %
RWE AktiengesellschaftRWEOYUtilities1.28 %
Barratt Developments PLC BDEV LNConsumer Discretionary1.27 %
Hugo Boss AGBOSS GYConsumer Discretionary1.26 %
Solvay SASOLB BBMaterials1.12 %
Syngenta AGSYTMaterials1.10 %
Koninklijke DSM N.V. RDSMYMaterials1.10 %
Rexam PLC REXMYMaterials1.10 %
BASF SEBASFYMaterials1.08 %
ACS, Actividades de Construccion y Servicios, S.A.ACS SQIndustrials0.97 %
IMI PLCIMI LNIndustrials0.96 %
Smiths Group PLCSMGZYIndustrials0.96 %
Meggitt PLCMEGGYIndustrials0.95 %
Aktiebolaget VolvoVOLVYIndustrials0.95 %
Siemens AGSIEGYIndustrials0.95 %
The Weir Group PLC WEIGYIndustrials0.95 %
ABB LtdABBIndustrials0.94 %
Rolls-Royce Holdings PLC RYCEYIndustrials0.94 %
SGS SASGSOYIndustrials0.94 %
ASSA ABLOY ABASAZYIndustrials0.94 %
Skanska ABSKAB SSIndustrials0.93 %

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. 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.

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 consumer product sectors. Some of the general risks of companies in the consumer products sectors include cyclicality of revenues and earnings, economic recession, currency fluctuations, changing consumer tastes, extensive competition, product liability litigation and increased government regulation.

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.
Stocks of mid-cap 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.

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 is 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 108, is a unit investment trust that consists of the European Dividend Builders Portfolio, Series 4Q 2015. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

Goldman Sachs is not affiliated with Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC.

The MSCI Europe Index is designed to measure the equity market performance of the developed markets in Europe.

The funds or securities referred to herein are not sponsored, endorsed, issued, sold or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities or any index on which such funds or securities are based. The Prospectus contains a more detailed description of the limited relationship MSCI has with Incapital LLC and any related funds.

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 Nuveen 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 Nuveen or the portfolio. Goldman Sachs has no obligation, involvement or liability in connection with the selection, administration, marketing or trading of the portfolio.

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.

Trust Summary

Trust NameEuropean Dividend Builders Portfolio, 4Q 2015
Series Name4Q 2015
Trust SymbolEDB4Q15
Nasdaq SymbolINEDNX
Trust StatusTerminated
Initial Offer Date12/10/2015
Termination Date03/09/2017
First Income Record Date12/31/2015
Distibution FrequencyQuarterly
Tax StructureRIC
Liquidation Price1$9.5114
Cash CUSIP45331Q107
Reinvest CUSIP45331Q115
Fee Cash CUSIP45331Q123
Fee Reinvest CUSIP45331Q131

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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