Unit Trusts


Nuveen Prospect Income Finance Portfolio, 2Q 2016

Product Performance as of 2/21/2018

 Year To DateSince DepositThree MonthSix Month
Distributions Reinvested
With Transaction Sales Charges-7.45 %5.63 %-9.63 %-7.71 %
Without Transaction Sales Charges-4.14 %9.41 %-6.40 %-4.41 %
Distribution in Cash
With Transaction Sales Charges-7.45 %5.97 %-9.63 %-7.71 %
Without Transaction Sales Charges-4.14 %9.76 %-6.40 %-4.41 %

Returns With Transactional Sales Charge reflect the maximum transactional sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The transactional sales charge includes any initial or deferred sales charges other than the creation and development fee. These returns do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

Returns Without Transactional Sales Charge do not reflect any transactional sales charge and do not reflect any creation and development fee prior to collection (generally the close of the initial offering period). Any creation and development fee is reflected in the returns as of the time of payment by a trust.

Returns are cumulative total returns (not annualized) unless labeled as average annual returns. Distribution Received in Cash returns reflect trust expenses as incurred and assume income and principal distributions are recognized on the ex-dividend date and paid out in cash on the payable date. Distributions Reinvested returns reflect trust expenses as incurred and assume income and principal distributions are recognized on the ex-dividend date and reinvested on the reinvestment date.

Past performance is no indication of future results. Investment return and principal value will fluctuate with changes in market conditions. Units when redeemed may be worth more or less than their original cost.

All returns are historical and do not represent potential future performance. A trust’s performance, especially for short time periods, should not be the sole factor in making your investment decision.

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 2 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 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 financial sectors particularly in the business development company (BDC) and real estate investment trust (REIT) industries. There are certain risks specific to the financials sector, and in particular, the BDC and REIT industries, including the potential adverse effects of economic recession, volatile interest rates, and state and federal regulations.
This trust invests in BDCs and will be subject to risks associated with BDCs. BDCs are closed-end funds that have elected to be treated as business development companies and their ability to grow their overall financial condition is impacted significantly by their ability to raise capital, engage in borrowing, acquire suitable investments, and maintain their status as a BDC. Failure to do so will adversely affect the value of a BDC’s shares. BDCs generally employ leverage in their portfolios. While leverage often increases the yield of a portfolio, it may magnify the potential for gains and losses on amounts invested, and accordingly, may increase the volatility and/or risks associated with those shares. A BDC’s investments are frequently not publicly traded, and as a result, there is uncertainty as to the value and liquidity of those investments. BDCs are subject to laws or regulations governing BDCs that could negatively affect the value of the BDC shares. Shares of BDCs frequently trade at a discount to their net asset value in the secondary market and the net asset value of a BDC’s shares may decrease.
This trust invests in REITs and real estate companies. Many factors can have an impact on the performance of REITs and real estate companies, including cash available for distribution, the credit quality of a particular REIT, or the real estate industry in general. Risks associated with ownership of real estate include global and local economic conditions, decline in real estate values, changes in interest rates, and the strength or weakness of the real estate market.
You will bear not only your share of the trust’s expenses, but also those of the underlying BDCs and REITs, which frequently have high expenses including but not limited to management fees and operational expenses. By investing in BDCs and REITs, the trust incurs greater expenses than you would incur if you invested directly in the BDCs and REITs.
BDCs and REITs may invest in foreign securities which 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.
BDCs may invest in securities of small and mid-cap companies. Securities 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.
BDCs and REITs may invest invest in fixed income securities. Fixed income securities are subject to various risks, including interest rate, credit, call, and quality risk. In general, the value of the fixed income securities will fall if interest rates rise. In a declining interest-rate environment, the portfolio may generate less income. A security issuer may be unable to make interest and/or principal payments in the future. Also, the longer the period to maturity, the greater the sensitivity to interest rate changes tends to be.
BDCs may invest in high yield debt securities. High yield debt securities are generally below investment grade quality (“non investment-grade” debt). Investing in such debt should be viewed as speculative and you should review your ability to assume the risks associated with investments which utilize such debt. Non investment-grade debt is subject to numerous risks including higher interest rates, economic recession, deterioration of the non investment-grade debt markets, possible downgrades and defaults of interest and/or principal. Non investment-grade debt prices tend to fluctuate more than higher rated debt and are affected by short-term credit developments to a greater degree.
BDCs and REITs operate in a highly competitive market for investment opportunities, and REITS and BDCs must raise additional capital to grow because they distribute most of their income.
Nuveen Securities, LLC 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 unit investment trust and is not affiliated with the Trust’s sponsor, Nuveen Securities, LLC, a subsidiary of Nuveen, LLC and a registered broker-dealer.

Trust Summary

Trust NameNuveen Prospect Income Finance Portfolio, 2Q 2016
Series Name2Q 2016
Trust SymbolPIF2Q16
Nasdaq SymbolNVPIFX
Trust StatusSecondary
Initial Offer Date05/20/2016
Termination Date05/18/2018
First Income Record Date06/10/2016
Distibution FrequencyMonthly
Tax StructureRIC
Liquidation Price1$8.7756
Cash CUSIP67076A147
Reinvest CUSIP67076A154
Fee Cash CUSIP67076A162
Fee Reinvest CUSIP67076A170

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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