Guggenheim Series 865 offers Large-Cap Core Portfolio, Series 17 units

By Tali David

Minneapolis, Feb. 22 - Guggenheim Defined Portfolios, Series 865 is offering units of its Large-Cap Core Portfolio, Series 17, 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 maximize total return by investing in U.S.-listed stocks of large-capitalization companies.

On its Feb. 22 inception date, $149,821 in contracts to purchase securities comprised the trust. The 15,133 units each have a public offering price of $10 and a net asset value of $9.525 per unit.

Each unit carries 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 trusts have a mandatory termination date of Feb. 26, 2014.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.