Unit Trusts

Investment Grade Corporate Trust, 5-8 Year (HIGT0023)

Objective

The Trust seeks to provide a high level of current income and to preserve capital.

The Trust invests in a portfolio of intermediate-term taxable bonds.

 Read more
as of 12/02/2016

Estimated Return Information1

Breakpoint Est. Current
Return (%)
Est. Long-Term
Return (%)
less than $100,000 4.10 3.49
$100,000 - $249,999 4.11 3.56
$250,000 - $499,999 4.12 3.59
$500,000 - $999,999 4.13 3.63
$1,000,000 - $2,999,999 4.14 3.66
$3,000,000 - $4,999,999 4.15 3.71
$5,000,000 4.16 3.75
Rollover 4.14 3.66
Wrap Fee 4.19 3.90
as of 12/02/2016

Estimated Distribution Information

Monthly CUSIP 46137H424
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
4.10%
3.49%
$43.39
Accrued Interest
Est. Daily Rate of Accrual4
$0.96000
$0.12053
Beginning Interest Date
Est. Current Return as of Deposit Date1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Nov 29, 2016
4.10%
$1.32000
$3.61583
Dec 10, 2016
Dec 25, 2016

Normal record dates and payable dates are the 10th and 25th calendar days monthly.

Wrap Monthly CUSIP 46137H432
Est. Current Return1
Est. Long-Term Return1
Est. Annual Income3
4.19%
3.90%
$43.39
Accrued Interest
Est. Daily Rate of Accrual4
$0.96000
$0.12053
Beginning Interest Date
Est. Current Return as of Deposit Date1
Initial Distribution
Est. Normal Distribution (monthly)
Initial Record Date
Initial Payable Date
Nov 29, 2016
4.20%
$1.32000
$3.61583
Dec 10, 2016
Dec 25, 2016

Normal record dates and payable dates are the 10th and 25th calendar days monthly.

1Estimated current return (ECR) is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.

For Fixed-Income trusts, "S.F." indicates a sinking fund is established with respect to an issue of bonds.


The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


About risk

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 securities owned by the trust will decline and that the value of trust units may therefore be less that what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust’s life except in limited circumstances. Accordingly, you can lose money investing in this trust.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The value of the bonds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 12/02/2016
Bonds  Coupon Rate
(%) 
Maturity  S&P/Moody
Ratings1
Weighting
(%)
Arconic, Inc. 5.125 10/01/2024 BBB-/Ba2 8.58
Current Par: 500000
Original Par: 500000
Redemption Feature: 07/01/2024 @ 100.0
Avnet, Inc. 4.875 12/01/2022 BBB-/Baa3 3.94
Current Par: 225000
Original Par: 225000
Redemption Feature:
Buckeye Partners, L.p. 4.350 10/15/2024 BBB-/Baa3 4.27
Current Par: 250000
Original Par: 250000
Redemption Feature: 07/15/2024 @ 100.0
Carpenter Technology Corporation 4.450 03/01/2023 BBB-/Ba2 8.17
Current Par: 500000
Original Par: 500000
Redemption Feature: 12/01/2022 @ 100.0
Choice Hotels International, Inc. 5.750 07/01/2022 BB+/Baa3 4.10
Current Par: 225000
Original Par: 225000
Redemption Feature:
Corporate Office Properties, L.p. 3.600 05/15/2023 BBB-/Baa3 2.44
Current Par: 150000
Original Par: 150000
Redemption Feature: 02/15/2023 @ 100.0
E*trade Financial Corporation 4.625 09/15/2023 BBB-/Baa3 3.88
Current Par: 225000
Original Par: 225000
Redemption Feature: 03/15/2018 @ 103.47
Empresa Bras DE Aeronautica, S.a. 5.150 06/15/2022 BBB/Ba1 3.86
Current Par: 225000
Original Par: 225000
Redemption Feature:
Expedia, Inc. 4.500 08/15/2024 BBB-/Ba1 4.23
Current Par: 250000
Original Par: 250000
Redemption Feature: 05/15/2024 @ 100.0
Flextronics International, Ltd. 5.000 02/15/2023 BBB-/Baa3 4.01
Current Par: 225000
Original Par: 225000
Redemption Feature:
General Motors Financial Company, Inc. 4.250 05/15/2023 BBB-/Ba1 4.26
Current Par: 250000
Original Par: 250000
Redemption Feature:
Hca, Inc. 5.000 03/15/2024 BBB-/Ba1 4.19
Current Par: 250000
Original Par: 250000
Redemption Feature:
Jabil Circuit, Inc. 4.700 09/15/2022 BBB-/Ba1 3.46
Current Par: 200000
Original Par: 200000
Redemption Feature:
Jefferies Group, Llc 5.125 01/20/2023 BBB-/Baa3 3.92
Current Par: 225000
Original Par: 225000
Redemption Feature:
Kinder Morgan Energy Partners, L.p. 4.150 02/01/2024 BBB-/Baa3 3.64
Current Par: 217000
Original Par: 217000
Redemption Feature: 11/01/2023 @ 100.0
Marathon Oil Corporation 2.800 11/01/2022 BBB-/Ba1 3.94
Current Par: 250000
Original Par: 250000
Redemption Feature: 08/01/2022 @ 100.0
Mosaic Company 4.250 11/15/2023 BBB/Baa2 4.22
Current Par: 250000
Original Par: 250000
Redemption Feature: 08/15/2023 @ 100.0
Mylan, Inc. 4.200 11/29/2023 BBB-/Baa3 4.20
Current Par: 250000
Original Par: 250000
Redemption Feature: 08/29/2023 @ 100.0
Regency Energy Partners, L.p. 4.500 11/01/2023 BBB-/Baa3 4.25
Current Par: 250000
Original Par: 250000
Redemption Feature: 08/01/2023 @ 100.0
Toll Brothers Finance Corporation 5.625 01/15/2024 BB+/Ba1 8.72
Current Par: 500000
Original Par: 500000
Redemption Feature: 10/15/2023 @ 100.0
Trinity Acquisition Plc 4.625 08/15/2023 BBB/Baa3 3.93
Current Par: 225000
Original Par: 225000
Redemption Feature:
Wyndham Worldwide Corporation 3.900 03/01/2023 BBB-/Baa3 3.79
Current Par: 225000
Original Par: 225000
Redemption Feature: 12/01/2022 @ 100.0

* Par and Prices are in local currency

1The S&P and Moody's ratings apply to the bonds held by the trust, and not the trust itself.

  A Standard & Poor's credit rating is a current opinion of the creditworthiness of an obligor with respect to a specific debt obligation. This opinion of creditworthiness may take into consideration the creditworthiness of guarantors, insurers or other forms of credit enhancement on the obligation.

  Moody's municipal ratings are opinions of the investment quality of the issues and issues in the US municipal and tax-exempt markets. As such, these ratings incorporate Moody's assessment of the default probability and loss severity of these issuers and issues.

1Estimated current return (ECR) is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.

For Fixed-Income trusts, "S.F." indicates a sinking fund is established with respect to an issue of bonds.


The trust portfolio is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the individual securities shown above.


About risk

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 securities owned by the trust will decline and that the value of trust units may therefore be less that what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust’s life except in limited circumstances. Accordingly, you can lose money investing in this trust.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The value of the bonds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

Historical Pricing

From   to

Distributions

From   to

BID PRICE
Represents the net asset value per unit plus any remaining organization costs, deferred sales charge and creation and development fee. This price is not the purchase price of units and in many cases is not the price a unitholder would receive if the unitholder redeemed or sold units. Any remaining deferred sales charge payments are payable at the time a unit holder redeems or sells units.

LIQUIDATION PRICE
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 and development fee. This price reflects any remaining deferred sales charges payable in connection with a liquidation of units.

OFFER PRICE
Represents the net asset value per unit plus any applicable organization costs and sales charges. This is the regular public offering price per unit paid to purchase units. This price is often subject to certain sales charge discounts described in a trust prospectus.

NET ASSET VALUE (NAV)
Represents the value per unit of a trust's portfolio securities and other assets reduced by trust expenses and other liabilities, including remaining organization costs, deferred sales charges and creation and the development fee.


This page contains historical pricing or historical income distributions information for the unit trust listed above. It should not be used for federal or state tax purposes. Please contact your financial advisor for tax information.

This information does not constitute an offer to sell, or a solicitation of an offer to buy securities in any state, or other jurisdiction to any person to whom it is not lawful to make such an offer. A trust that contains a state name in the trust name is generally available for sale only to investors in that state. The information shown may relate to a trust that is no longer offered to the public. In such a case, this information does not constitute an offer to sell, or a solicitation of an offer to buy units of the trust.

1Estimated current return (ECR) is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.


About risk

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 securities owned by the trust will decline and that the value of trust units may therefore be less that what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust’s life except in limited circumstances. Accordingly, you can lose money investing in this trust.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The value of the bonds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 12/02/2016

Cumulative Return (%)

Maximum Sales Charge: 3.00%
YTD (%) Since Deposit (%) 3 Mo (%) 6 Mo (%)
With Sales Charge -3.19
Without Sales Charge -0.21
Barclays U.S. Aggregate -0.27
as of 12/02/2016

Average Annual Return (%)

1 Yr (%) 5 Yr (%) 10 Yr (%) Since Deposit (%)
With Sales Charge
Without Sales Charge
Barclays U.S. Aggregate

The performance data quoted for the individual series of a trust that has not terminated or has an open termination date is from the deposit date through the current date quoted. For individual series that have terminated, performance data quoted is from the deposit date through the termination date.

Performance data quoted represents past performance, which is no guarantee of future results. Investment returns and principal value will fluctuate and units, when redeemed, may be worth more or less than their original cost.

Returns are cumulative total returns (not annualized) unless labeled as average annual total returns. All returns reflect trust expenses as incurred and assume reinvestment of income and principal distributions, except for trusts that do not offer the option of reinvesting distributions into additional trust units. Please see the related trust prospectus for additional information. Returns do not reflect taxes.

A trust's performance, especially for short time periods, should not be the sole factor in making your investment decision. Please keep in mind that high, double-digit returns are highly unusual and cannot be sustained. Investors should also be aware that these returns were primarily achieved during favorable market conditions.

Returns With Sales Charge reflect the maximum sales charge that would be payable by an investor upon sale or redemption of units at the end of the applicable period(s). The sales charge includes any initial or deferred sales charges other than 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. These returns reflect any contingent deferred sales charges only if the charges would be payable upon a unit sale or redemption at or prior to the end of the applicable performance period(s). Certain trusts are no longer offered for sale to the public and, as a result, do not publish an offer price or have a sales charge. In these cases, returns will not reflect a sales charge if a trust was not actually offered for sale to the public on the first day of the applicable period because units of the trust could not have been purchased by an investor at that time. These returns will show 'N/A' for With Sales Charge data

Returns Without Sales Charge do not reflect any 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.

There is no assurance the 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. Accordingly, you can lose money investing in this trust. Certain trusts are unmanaged and their portfolios are not intended to change during the trusts' lives except in limited circumstances. Certain trusts are passively managed and seek to track their target index during the trust's life. For a more complete discussion of the risks of investing in this trust, click on the Fact Card.

Performance Calculator

From   to
  Total Return (%)
With Sales Charge -3.19
Without Sales Charge -0.21
Barclays U.S. Aggregate -0.27

1Estimated current return (ECR) is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.


About risk

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 securities owned by the trust will decline and that the value of trust units may therefore be less that what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust’s life except in limited circumstances. Accordingly, you can lose money investing in this trust.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The value of the bonds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

1Estimated current return (ECR) is based on the estimated annual income as a percentage of the current price of the units. Estimated long-term return (ELTR) is calculated using a formula which (1) takes into consideration and determines and factors in the relative weightings of the market values, yields (which takes into account the amortization of premiums and the accretion of discounts) and estimated retirement of all the bonds in the trust and (2) takes into account the expenses and sales charge associated with each trust unit. There can be no assurance that either the estimated current return or ELTR will be realized in the future and an investor's units, when redeemed, may be worth more or less than their original cost.

2The ELTR life represents the estimated life of the bonds in a Trust's portfolio determined for the purposes of calculating Estimated Long-Term Return.

3Estimated Annual Income Per Unit is as of close the most recent business day and is based on the estimated cash flows per unit. This amount will vary with changes in expenses, interest rates and the maturity, call or sale of bonds.

4Estimated Daily Rate of Accrual represents the annual interest from the securities within the portfolio divided by the number of days on which interest is calculated annually.

5Represents the principal amount of the underlying bonds per unit. Bonds may be sold to meet redemptions, to pay expenses, and in other limited circumstances. The sale of bonds will affect the principal amount of bonds included in the trust and as a result the principal amount of bonds per unit. There can be no assurance that a unitholder will receive this par value per unit in the future.


About risk

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 securities owned by the trust will decline and that the value of trust units may therefore be less that what you paid for them. This trust is unmanaged and its portfolio is not intended to change during the trust’s life except in limited circumstances. Accordingly, you can lose money investing in this trust.

An investment in the trust should be made with an understanding of the risks associated therewith, such as the inability of the issuer or an insurer to pay the principal of or interest on a bond when due, volatile interest rates, early call provisions and changes to the tax status of the bonds.

The value of the bonds will generally fall if interest rates, in general, rise. Given the historically low interest rate environment in the U.S., risks associated with rising rates are heightened. The negative impact on fixed income securities from any interest rate increases could be swift and significant. No one can predict whether interest rates will rise or fall in the future.

The financial markets, including those for corporate bonds, have recently experienced periods of extreme illiquidity and volatility. Due to these significant difficulties in the financial markets, there can be substantial uncertainty in assessing the value of an issuer's assets or the extent of its obligations. For these or other reasons, the ratings of the bonds in the Trust's portfolio may not accurately reflect the current financial condition or prospects of the issuer of the bond.

Although the underlying securities in the portfolio are rated at or above the minimum credit quality as of the date of deposit, the ratings may change after inclusion in the trust.

A credit rating is an assessment provided by a nationally recognized statistical rating organization (NRSRO) of the creditworthiness of an issuer with respect to debt obligations, including specific securities, money market instruments or other debts. Ratings are measured on a scale that generally ranges from AAA/Aaa (highest) to c (lowest); ratings are subject to change without notice. For more information on Standard and Poor's rating methodology, please visit www.standardandpoors.com and select "Understanding Ratings" under Rating Resources on the homepage or Moody's at www.moodys.com and select "Rating Methodologies" under Research and Ratings on the homepage.

as of 12/02/2016

HIGT0023

  • Offer Price $1,059.26000
  • WRAP Price $1,034.37000
  • Bid Price $1,027.68000
  • Liquidation Price $1,027.68000
  • Par Value5 $1,000.00000
  • Initial Offering

Trust Specifics

  • Nov 23, 2016 Deposit Date
  • ITCPRX NASDAQ Symbol
  • Open Termination Date
  • Tax Status:
    Regulated Investment Company
  • $1058.31000 Public Offering Price
    (End of deposit date)
  • 3.00% Maximum Sales Charge
  • Sales Charge Schedule
  • Sales Charge Volume Discount
  • 6.71 Average Maturity
    (as of 12/02/2016)
  • 6.71 ELTR Life2
    (as of 12/02/2016)
  • Estimated Frequency of Offering:
    Varies
  • 46137H424 Monthly CUSIP
  • 46137H432 Wrap CUSIP
  • 22 Number of Issues
    (as of 11/30/2016)
  • 22 Number of Issuers
    (as of 11/30/2016)
  • 5,867 Portfolio Size (units)
    (as of 12/02/2016)
  • - Pre-refunded (%)
    (as of 12/02/2016)
  • - Single Family (%)
    (as of 12/02/2016)
  • - Zero Coupon (%)
    (as of 12/02/2016)
  • Mar 15, 2018 Next Call Date
    (as of 12/02/2016)