Unit Trusts


Prospect Cyclical Momentum Portfolio, Series 3

Portfolio Holdings

Bridgestone Corporation BRDCYConsumer Discretionary5.04 %
Continental AktiengesellschaftCTTAYConsumer Discretionary5.01 %
The Goodyear Tire & Rubber CompanyGTConsumer Discretionary4.97 %
O'Reilly Automotive, Inc.ORLYConsumer Discretionary4.95 %
AutoZone, Inc.AZOConsumer Discretionary4.79 %
Delta Air Lines, Inc.DALIndustrials3.15 %
FedEx CorporationFDXIndustrials3.15 %
Alaska Air Group, Inc.ALKIndustrials3.15 %
United Continental Holdings Inc.UALIndustrials3.15 %
United Parcel Service, Inc.UPSIndustrials3.14 %
Norwegian Cruise Line Holdings Ltd.NCLHConsumer Discretionary3.14 %
JetBlue Airways CorporationJBLUIndustrials3.12 %
Carnival CorporationCCLConsumer Discretionary3.12 %
The Sherwin-Williams CompanySHWMaterials2.88 %
Crown Holdings, Inc.CCKMaterials2.86 %
RPM International Inc.RPMMaterials2.86 %
Sealed Air CorporationSEEMaterials2.86 %
Ball CorporationBLLMaterials2.86 %
Masco CorporationMASIndustrials2.86 %
Berry Plastics Group, Inc.BERYMaterials2.85 %
Costco Wholesale CorporationCOSTConsumer Staples2.82 %
PepsiCo, Inc.PEPConsumer Staples2.80 %
Altria Group, Inc.MOConsumer Staples2.79 %
Nestle S.A.NSRGYConsumer Staples2.78 %
Tyson Foods, Inc.TSNConsumer Staples2.78 %
Dollar General CorporationDGConsumer Discretionary2.77 %
Burlington Stores, Inc.BURLConsumer Discretionary2.76 %
Hormel Foods CorporationHRLConsumer Staples2.75 %
Target CorporationTGTConsumer Discretionary2.73 %
Valero Energy CorporationVLOEnergy2.56 %
Tesoro CorporationTSOEnergy2.55 %

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.

Investing in the trust units may involve a high degree of risk and is highly speculative and aggressive, and therefore an investment in trust units may not be suitable for someone with low risk tolerance.

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.

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.

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.

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 products 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.

No one can predict whether oil and natural gas prices will rise or fall in the future. This may have an adverse impact on the value of certain securities in the Trust and on the value of your units. Oil and natural gas prices are strongly affected by oil and gas supply and demand, government regulations and policies, oil and gas production and conservation efforts, and technological change. The oil and gas industry is cyclical and from time to time may experience a shortage of drilling rigs, equipment, supplies, or qualified personnel, or due to significant demand, such as services, may not be available on commercially reasonable terms. Prices and supplies of oil and gas may fluctuate significantly over short and long periods of time due to national and international charges, OPEC policies, changes in relationships among OPEC members, and between OPEC and oil importing nations, the regulatory environment, taxation policies, and the economies of key energy-consuming countries. Disruptions in the oil subindustry or shifts in energy consumption may significantly impact oil and gas prices.


Incapital Unit Trust, Series 124, is a unit investment trust that consists of the Prospect Cyclical Momentum Portfolio, Series 3. Nuveen Securities, LLC serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor.

S&P GSCI Crude Oil Index provides investors with a benchmark for investment performance in the crude oil market. S&P 500 Transportation Index tracks the performance of S&P 500 stocks in the transportation industry. S&P 500 Consumer Discretionary Index tracks the performance of companies included in the S&P 500 that are classified as members of the consumer discretionary sector. S&P 500 Specialty Chemicals Index tracks the performance of S&P 500 stocks in the specialty chemicals industry.

Prospect Capital Management L.P. provides the trust with portfolio consulting services. Prospect Capital Management L.P. is a registered investment adviser and subsidiary of Nuveen, LLC. The Trust is distributed by Nuveen Securities, LLC, a subsidiary of Nuveen, LLC. All marketing materials have been prepared by Nuveen.

Trust Summary

Trust NameProspect Cyclical Momentum Portfolio, Series 3
Series NameSeries 3
Trust SymbolPCM0003
Nasdaq SymbolINPCBX
Trust StatusSecondary
Initial Offer Date03/21/2016
Termination Date03/19/2018
First Income Record Date06/10/2016
Distibution FrequencySemi-annually
Tax StructureRIC
Liquidation Price1$10.8545
Cash CUSIP45336A107
Reinvest CUSIP45336A115
Fee Cash CUSIP45336A123
Fee Reinvest CUSIP45336A131

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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