Unit Trusts

UIT

BofA Merrill Lynch Food Security Portfolio, Series 2



Portfolio Holdings

NameSymbolSectorWeight
Archer-Daniels-Midland CompanyADMConsumer Staples4.60 %
NGL Energy Partners LPNGLEnergy3.98 %
Bayer AG BAYRYHealth Care3.88 %
CF Industries Holdings, Inc.CFMaterials3.88 %
WhiteWave Foods Company WWAVConsumer Staples3.88 %
DanoneDANOYConsumer Staples3.87 %
Bemis Company, Inc.BMSMaterials3.86 %
Danaher CorporationDHRIndustrials3.86 %
Kubota CorporationKUBTYIndustrials3.86 %
Sonoco Products CompanySONMaterials3.85 %
Sprouts Farmers Market, Inc. SFMConsumer Staples3.85 %
Graphic Packaging Holding CompanyGPKMaterials3.85 %
WH Group LimitedWGHPYConsumer Staples3.85 %
AptarGroup, Inc.ATRMaterials3.85 %
Koninklijke DSM N.V. RDSMYMaterials3.84 %
WestRock CompanyWRKMaterials3.83 %
Ecolab Inc.ECLMaterials3.83 %
GEA Group Aktiengesellschaft GEAGYIndustrials3.83 %
The Hain Celestial Group, Inc. HAINConsumer Staples3.82 %
Agrium Inc.AGUMaterials3.82 %
Amcor LimitedAMCRYMaterials3.82 %
The Kroger Co.KRConsumer Staples3.82 %
Berry Plastics Group, Inc.BERYMaterials3.82 %
Tractor Supply CompanyTSCOConsumer Discretionary3.82 %
American Water Works Co., Inc.AWKUtilities3.81 %
Smurfit Kappa Group Public Limited CompanySMFKYMaterials1.02 %
Wilmar International LimitedWLMIYConsumer Staples1.01 %
Yara International ASAYARIYMaterials0.99 %

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. This trust terminates approximately two years from the initial date of deposit.
 
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 issuer’s dividend may vary from time to 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 materials sector. Some general risks of companies in the materials sector include the general state of the economy, consolidation, domestic and international politics and excess capacity. In addition, 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.
 
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.
 
Stocks of small and 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.
 
Companies with exposure to food security services or products could be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, technological developments and labor relations. These companies are also affected by changes in government regulation, world events and economic conditions, along with weather conditions and patterns.
 
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.
 
This trust invests in Master Limited Partnerships (“MLPs”). Most MLPs operate in the energy, natural resources, or real estate sectors and are subject to the risks generally applicable to those sectors, including commodity price risk, supply and demand risk, depletion risk and exploration risk. MLPs are also subject to the risk that U.S. taxing authorities could challenge the tax treatment of MLPs for federal income tax purposes, which could have a negative impact on the after-tax income available for distribution by the MLPs.

Incapital Unit Trust, Series 118, is a unit investment trust that consists of the BofA Merrill Lynch Food Security Portfolio, Series 2. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

The Trust is not sponsored or endorsed by Bank of America Merrill Lynch (“Merrill Lynch”) and Merrill Lynch makes no representation or warranty, express or implied, to the unit holders of the Trust or any member of the public regarding the advisability of investing in units of the Trust. Merrill Lynch is not affiliated with Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC.

NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE


Trust Summary

Trust NameBofA Merrill Lynch Food Security Portfolio, Series 2
Series NameSeries 2
Trust SymbolMFS0002
Nasdaq SymbolINMFTX
Trust StatusTerminated
Initial Offer Date02/19/2016
Termination Date02/16/2018
First Income Record Date06/10/2016
Distibution FrequencyQuarterly
Tax StructureRIC
Liquidation Price1$12.1139
Cash CUSIP45332C107
Reinvest CUSIP45332C115
Fee Cash CUSIP45332C123
Fee Reinvest CUSIP45332C131

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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