Guggenheim Series 858 offers units of its Short Duration High Yield Trust, Series 11

By Tali David

Minneapolis, Dec. 15 - Guggenheim Defined Portfolios, Series 858 is offering units of its Guggenheim Short Duration High Yield Trust, Series 11, 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 primarily consisting of high-yield bonds, according to the filing.

On the Dec. 15 inception date, $25,598,000 in contracts to purchase securities comprised the portfolio. The 26,288 units will be priced at $1,000 and will have a net asset value of $962.74.

All units each carry a maximum sales fee of 2.95%, which is comprised of a deferred sales fee of 2.95%. Sales charge reductions of up to $17 per unit are available based on the amount of the investment, according to the S-6.

The trust's termination date is Jan. 15, 2019.

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