Unit Trusts


Nuveen Symphony Low Volatility Equity Portfolio, 3Q 2015

Portfolio Holdings

Pfizer Inc.PFEHealth Care4.48 %
The Home Depot, Inc.HDConsumer Discretionary3.51 %
Honeywell International Inc.HONIndustrials3.25 %
Union Pacific CorporationUNPIndustrials3.21 %
Equinix, Inc.EQIXFinancials2.84 %
Amgen Inc.AMGNHealth Care2.79 %
PacWest BancorpPACWFinancials2.76 %
Waste Management, Inc.WMIndustrials2.75 %
Alphabet Inc.GOOGLInformation Technology2.75 %
Wells Fargo & CompanyWFCFinancials2.75 %
Sempra EnergySREUtilities2.75 %
Allergan Public Limited CompanyAGNHealth Care2.72 %
Visa Inc.VInformation Technology2.52 %
Walgreens Boots Alliance IncWBAConsumer Staples2.51 %
Altria Group, Inc.MOConsumer Staples2.49 %
The Kraft Heinz CompanyKHCConsumer Staples2.49 %
Kimberly-Clark CorporationKMBConsumer Staples2.47 %
McKesson CorporationMCKHealth Care2.44 %
Essex Property Trust, Inc.ESSFinancials2.28 %
McDonald's CorporationMCDConsumer Discretionary2.25 %
East West Bancorp, Inc.EWBCFinancials2.25 %
Teva Pharmaceutical Industries Limited TEVAHealth Care2.25 %
The TJX Companies, Inc.TJXConsumer Discretionary2.25 %
O'Reilly Automotive, Inc.ORLYConsumer Discretionary2.20 %
Teleflex IncorporatedTFXHealth Care2.05 %
EOG Resources, Inc.EOGEnergy2.02 %
The Kroger Co.KRConsumer Staples2.02 %
Old Republic International CorporationORIFinancials2.01 %
Intel CorporationINTCInformation Technology2.01 %
Danaher CorporationDHRIndustrials2.00 %
Oracle CorporationORCLInformation Technology1.99 %
Compass Minerals International, Inc.CMPMaterials1.75 %
SEI Investments CompanySEICFinancials1.75 %
Axalta Coating Systems Ltd.AXTAMaterials1.74 %
Voya Financial, Inc.VOYAFinancials1.74 %
Carlisle Companies IncorporatedCSLIndustrials1.51 %
LyondellBasell Industries N.V.LYBMaterials1.51 %
United Parcel Service, Inc.UPSIndustrials1.50 %
Starwood Hotels & Resorts Worldwide, Inc.HOTConsumer Discretionary1.50 %
Colony Capital, Inc.CLNYFinancials1.50 %
Blackhawk Network Holdings IncHAWKInformation Technology1.50 %
Phillips 66PSXEnergy1.48 %
Fly Leasing Ltd. FLYIndustrials1.25 %
Avago Technologies Ltd. AVGOInformation Technology1.22 %
NuStar GP Holdings LLCNSHEnergy0.99 %

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. 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. There can be no guarantee dividend payments from securities held in the trust, if any, will increase or that dividend yield on securities in the trust will be greater than the yield of any index mentioned herein.

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.

This trust invests in REITs. REITs are real estate investments that own and/or operate income-producing real estate properties and real estate-related assets. The success or failure of a REIT depends in part on the success or failure of its underlying real estate holdings. REIT shares do not assure dividend payments. The potential distribution sources from underlying REIT investments include net investment income and non-income sources such as realized capital gains and return of investor’s capital. Any images contained within this material are not intended to, and do not, represent any actual real estate investment of this unit trust or any underlying holding of any REIT within this portfolio.

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.

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.

Investing in emerging markets entail special risks such as currency, political, economic and market risks. The risks of investing in emerging market countries are greater than the risks generally associated with foreign investments.

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.


Incapital Unit Trust, Series 88, is a unit investment trust that consists of the Nuveen Symphony Low Volatility Equity Portfolio, 3Q 2015. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

The “Russell 1000® Index” and all other Russell index names are registered trademarks of Russell Investment Group. The Russell 1000® Index measures the price and return performance of approximately the 1000 largest companies, representing roughly 92% of the total U.S. large cap equity market. The portfolio is not sponsored, endorsed, sold or promoted by Russell Investment Group and Russell Investment Group does not make any representation regarding the advisability of investing in the securities. Russell 1000® Index: Copyright Russell Investments 2015.

Symphony Asset Management, LLC provides the trust with portfolio consulting services. Symphony Asset Management, LLC is a registered investment adviser and subsidiary of Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC. Symphony Asset Management, LLC name and logo are registered marks of Nuveen, LLC.

Trust Summary

Trust NameNuveen Symphony Low Volatility Equity Portfolio, 3Q 2015
Series Name3Q 2015
Trust SymbolNSV3Q15
Nasdaq SymbolINNSVX
Trust StatusTerminated
Initial Offer Date08/17/2015
Termination Date11/16/2016
First Income Record Date12/10/2015
Distibution FrequencyQuarterly
Tax StructureRIC
Liquidation Price1$9.8026
Cash CUSIP45331H107
Reinvest CUSIP45331H115
Fee Cash CUSIP45331H123
Fee Reinvest CUSIP45331H131

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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