Unit Trusts

UIT

Nuveen Prospect Income Finance Portfolio, 4Q 2016



Portfolio Holdings

NameSymbolSectorWeight
THL Credit, Inc. TCRDFinancials5.04 %
Fifth Street Finance Corp.FSCFinancials5.02 %
BlackRock Capital Investment CorporationBKCCFinancials5.02 %
Hercules Capital, Inc. HTGCFinancials5.01 %
TriplePoint Venture Growth BDC Corp.TPVGFinancials4.99 %
Ares Capital CorporationARCCFinancials4.99 %
Horizon Technology Finance CorporationHRZNFinancials4.95 %
Gladstone Capital CorporationGLADFinancials3.53 %
TCP Capital Corp. TCPCFinancials3.53 %
Gladstone Investment CorporationGAINFinancials3.52 %
Triangle Capital CorporationTCAPFinancials3.52 %
Apollo Investment CorporationAINVFinancials3.50 %
Garrison Capital, Inc.GARSFinancials3.50 %
Solar Senior Capital Ltd. SUNSFinancials3.49 %
New Mountain Finance Corporation NMFCFinancials3.49 %
Golub Capital BDC, Inc. GBDCFinancials3.49 %
PennantPark Floating Rate Capital Ltd. PFLTFinancials3.49 %
Medley Capital Corporation MCCFinancials3.49 %
Main Street Capital Corporation MAINFinancials3.49 %
Stellus Capital Investment Corporation SCMFinancials3.46 %
Alcentra Capital Corporation ABDCFinancials3.45 %
CM Finance Inc. CMFNFinancials2.19 %
Goldman Sachs BDC, Inc. GSBDFinancials2.10 %
WhiteHorse Finance, Inc.WHFFinancials1.72 %
Ares Commercial Real Estate CorporationACREFinancials1.51 %
Blackstone Mortgage Trust, Inc.BXMTFinancials1.51 %
Apollo Commercial Real Estate Finance, Inc.ARIFinancials1.51 %
Starwood Property Trust, Inc.STWDFinancials1.50 %
Arbor Realty Trust, Inc. ABRFinancials1.50 %
Newcastle Investment CorporationNCTFinancials1.49 %
Colony Capital, Inc.CLNYFinancials1.00 %

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
Investing involves risk; principal loss is possible. This Trust is unmanaged and there is no guarantee that the Trust’s investment objectives will be achieved. Investing in the Trust units may involve a high degree of risk and volatility due to the speculative nature of certain alternative investment options, such as real estate investment trusts (REITs) and business development companies (BDCs). As a result, an investment in the Trust may not be suitable for an investor with a low risk tolerance. The real estate industry is greatly affected by economic downturns or by changes in real estate values, rents, property taxes, interest rates, tax treatment, regulations, or the legal structure of the REIT. Risks associated with BDCs include leverage risk, liquidity risk, and the risk of changes in laws or regulations governing these types of companies. Leverage may magnify the potential for losses on amounts invested by a BDC and, accordingly, may increase the volatility and risks associated with securities of BDCs. The BDCs held by the Trust may invest in derivatives to hedge certain risks, but there may be an imperfect correlation, or even no correlation, between price movements of a derivative and price movements of the investment being hedged. Shares of BDCs frequently trade at a discount to their net asset value. BDCs frequently have high expenses, including management fees, which will be borne indirectly by investors in the Trust. Investors will incur higher expenses by investing in the Trust than they would incur if they invested directly in REITs and BDCs. The Trust and the BDCs it holds invest significantly in securities of small and mid-cap companies that 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. BDCs may invest in fixed income securities which may be susceptible to general movements in the bond market and are subject to credit, interest rate, liquidity and call risks. Fixed-income securities held by a BDC will decline if market interest rates rise. BDCs may invest in high yield debt securities, including senior loans, which are below investment grade quality. Below investment grade credit quality securities are predominantly speculative and subject to greater volatility and risk of default. Below Investment grade debt is also subject to the risk of higher interest rates, market risk and the risk of economic recession. BDCs may invest in non-U.S. securities. Investments in non-U.S securities involve special risks not typically associated with domestic investments currency fluctuation, political and economic instability, lack of liquidity and differing legal and accounting standards. A portfolio concentrated in a single market sector or country may present more risk than a portfolio broadly diversified over several sectors or countries. This Trust is concentrated in the financial sector as it invests exclusively in BDCs and REITs. Performance of companies in the financial sector may be adversely impacted by many factors, including, among others, government regulations, economic conditions, changes in interest rates and decreased liquidity in credit markets. There is no assurance that common stocks will make dividend payments. Dividends are paid only if declared by an issuer's board of directors and the amount of any dividend may vary over time. These and other risk considerations, such as various business, market, and investment risks are described in detail in the Trust’s prospectus.
   
NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE
 
Nuveen Securities, LLC, a registered broker-dealer, serves as the Trust’s sponsor and Nuveen Fund Advisors, LLC serves as the Trust’s evaluator and supervisor. Prospect Capital Management L.P. serves as the portfolio consultant responsible for recommending a portfolio of securities for the Trust and is not affiliated with the Trust’s sponsor or its evaluator and supervisor.


Trust Summary

Trust NameNuveen Prospect Income Finance Portfolio, 4Q 2016
Series Name4Q 2016
Trust SymbolPIF4Q16
Nasdaq SymbolNVPIBX
Trust StatusSecondary
Initial Offer Date11/21/2016
Termination Date11/19/2018
First Income Record Date12/16/2016
Distibution FrequencyMonthly
Tax StructureRIC
Liquidation Price1$8.3209
Cash CUSIP67080Y107
Reinvest CUSIP67080Y115
Fee Cash CUSIP67080Y123
Fee Reinvest CUSIP67080Y131

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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