Unit Trusts


Zacks Select Equities Blend Portfolio, 3Q 2013

Portfolio Holdings

Medivation Inc.MDVNHealth Care3.40 %
Rock-Tenn CompanyRKTMaterials3.39 %
TERNIUM S.A.TXMaterials3.38 %
Martin Midstream Partners L.P.MMLPEnergy3.37 %
Telephone and Data Systems, InTDSTelecommunication Services3.37 %
Demandware Inc.DWREInformation Technology3.37 %
Yelp Inc.YELPInformation Technology3.36 %
Five Below, Inc.FIVEConsumer Discretionary3.35 %
United States Cellular CorporaUSMTelecommunication Services3.35 %
KT CorporationKTTelecommunication Services3.34 %
Keurig Green Mountain IncGMCRConsumer Staples3.34 %
Nippon Telegraph and Telephone CorporationNTTTelecommunication Services3.34 %
Barclays PLCBCSFinancials3.34 %
Mitsubishi UFJ Financial GroupMTUFinancials3.34 %
Symetra Financial CorporationSYAFinancials3.33 %
SouFun Holdings Ltd.SFUNInformation Technology3.33 %
American Equity Investment Life Holding CompanyAELFinancials3.33 %
Facebook Inc.FBInformation Technology3.32 %
Sumitomo Mitsui Financial Group, Inc.SMFGFinancials3.32 %
Sony CorporationSNEConsumer Discretionary3.32 %
Lincoln National CorporationLNCFinancials3.32 %
CITIGROUP INC.CFinancials3.32 %
Acadia HealthcareACHCHealth Care3.32 %
CNO Financial Group, IncCNOFinancials3.32 %
Michael Kors Holdings Ltd.KORSConsumer Discretionary3.32 %
Jazz Pharmaceuticals plcJAZZHealth Care3.29 %
NRG Energy, Inc.NRGUtilities3.29 %
Questcor Pharmaceuticals, Inc.QCORHealth Care3.28 %
Ironwood Pharmaceuticals, Inc.IRWDHealth Care3.28 %
Tesla Motors, Inc.TSLAConsumer Discretionary3.27 %

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 overseveral sectors. This trust is concentrated in the financial sector. There are certain risks specific to information the financial sector including the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.

Stocks of small 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.

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 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.

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 31, is a unit investment trust that consists of the Zacks Select Equities Blend Portfolio, Series 3Q 2013. Incapital LLC serves as the Sponsor to the Trust.

Incapital LLC and Zacks Investment Research are unaffiliated.  Zacks Investment Research provides the trust with portfolio consulting services.

Trust Summary

Trust NameZacks Select Equities Blend Portfolio, 3Q 2013
Series Name3Q 2013
Trust SymbolSEB3Q13
Nasdaq SymbolINSEFX
Trust StatusTerminated
Initial Offer Date08/12/2013
Termination Date11/07/2014
First Income Record Date12/18/2013
Distibution FrequencySemi-annually
Tax StructureRIC
Liquidation Price1$11.7216
Cash CUSIP45328J108
Reinvest CUSIP45328J116
Fee Cash CUSIP45328J124
Fee Reinvest CUSIP45328J132

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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