Guggenheim's series 805 portfolio targets mining and metals stocks

By Toni Weeks

San Diego, Nov. 1 - Guggenheim Defined Portfolios, Series 805 has registered units of its series 1 Precious Metals and Miners Portfolio, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The trust seeks to provide total return through capital appreciation by investing in a portfolio of common stocks and exchange-traded funds.

Under normal circumstances, it will invest at least 80% of the value of its assets in common stocks of global mining companies that derive at least 50% of their revenues from precious metals mining and in shares of ETFs that invest substantially all of their assets in physical precious metals such as gold, silver and platinum.

On the Oct. 31 inception date, the trust was comprised of $150,635 in sponsor's contracts to purchase the underlying securities. Each of the 15,215 units is priced at $10.00 and has a net asset value of $9.525.

The units carry a maximum sales fee of 3.95%, which is comprised of an initial sales fee of 1%, a deferred sales fee of 2.45% and a creation and development fee of 0.5%. Sales charge reductions of up to 1.5% of the public offering price are available based on the amount of the investment.

The trust is scheduled to terminate on Oct. 23, 2013.

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