Guggenheim Series 867 offers Short Duration High Yield Trust units

By Toni Weeks

San Diego, March 23 - Guggenheim Defined Portfolios, Series 867 is offering units of its Guggenheim Short Duration High Yield Trust, Series 13, 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 current income by investing in a portfolio consisting primarily of high-yield corporate securities.

On its March 23 inception date, $16,563,006 in contracts to purchase securities comprised the trust, of which $15,495,000 represents the principal amount of securities in each unit. The 17,227 units each have a public offering price of $994.81 and a net asset value of $961.46. The estimated net annual interest income is $75.67 per unit.

The estimated current return is 7.61%, and the estimated long-term return is 6%.

The units each carry a maximum sales charge of up to 2.95%. Sales charge reductions are available, depending on the amount of the investment.

The dollar-weighted average maturity of bonds in the trust is 6.701 years.

The trust has a mandatory termination date of April 15, 2021.

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