Unit Trusts


Incapital Morningstar Wide Moat Portfolio, 2Q 2013

Portfolio Holdings

General Dynamics CorporationGDIndustrials3.73 %
C.H. Robinson Worldwide, Inc.CHRWIndustrials3.73 %
Martin Marietta Materials, IncMLMMaterials3.73 %
Caterpillar Inc.CATIndustrials3.72 %
ORACLE CORPORATIONORCLInformation Technology3.71 %
QUALCOMM, Inc.QCOMInformation Technology3.71 %
Expeditors International of Washington, Inc.EXPDIndustrials3.71 %
John Wiley & Sons, Inc.JW/AConsumer Discretionary3.70 %
Exelon CorporationEXCUtilities3.70 %
Compass Minerals Intl IncCMPMaterials3.70 %
St. Jude Medical, Inc.STJHealth Care3.70 %
EBAY INC.EBAYInformation Technology3.69 %
Bank of New York Company, Inc.BKFinancials3.69 %
Weight Watchers International WTWConsumer Discretionary3.69 %
Facebook Inc.FBInformation Technology3.69 %
THE WESTERN UNION COMPANYWUInformation Technology3.69 %
Cisco Systems, Inc.CSCOInformation Technology3.69 %
Microsoft CorporationMSFTInformation Technology3.68 %
Intel CorporationINTCInformation Technology3.68 %
Express Scripts, Inc.ESRXHealth Care3.68 %
APPLIED MATERIALS, INC.AMATInformation Technology3.66 %

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 over several sectors. This trust is concentrated in the Information Technology sector. There are certain risks specific to information technology stocks such as volatile stock prices, rapid product obsolescence, and speculative trading.

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.

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 23, is a unit investment trust that consists of the Incapital Morningstar Wide Moat Portfolio, 2Q 2013. Incapital LLC serves as the Sponsor to the Trust.

Morningstar Investment Services, Inc. is a registered investment advisor and wholly owned subsidiary of Morningstar, Inc. The Morningstar name and logo are registered marks of Morningstar, Inc. Incapital LLC and Morningstar Investment Services, Inc. are unaffiliated. Morningstar Investment Services, Inc. provides the trust with portfolio consulting services.

Trust Summary

Trust NameIncapital Morningstar Wide Moat Portfolio, 2Q 2013
Series Name2Q 2013
Trust SymbolWMP2Q13
Nasdaq SymbolINWMDX
Trust StatusTerminated
Initial Offer Date04/10/2013
Termination Date07/09/2014
First Income Record Date06/10/2013
Distibution FrequencySemi-annually
Tax StructureRIC
Liquidation Price1$12.1781
Cash CUSIP45328D101
Reinvest CUSIP45328D119
Fee Cash CUSIP45328D127
Fee Reinvest CUSIP45328D135

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.

Not registered?

Register for access to investment team commentary, detailed portfolio information, and other advisor resources. For instant access, register now.

Your Contacts

Our goal is to deliver lasting value to our clients. For assistance, please call or email our advisor service team or contact your personal Nuveen Service Team.

Log in to nuveen.com to access your personal Nuveen Service Team.

Financial Advisors


Registered Investment Advisors


Account Access

For more information on Mutual Fund Vision, FAN Mail, or accessing client accounts, please visit our advisor account access page.

Advisor Access

Investor Access