Guggenheim Series 847 offers Balanced Income Builder Portfolio units

By Toni Weeks

San Diego, Jan. 12 - Guggenheim Defined Portfolios, Series 847 is offering units of its Guggenheim Balanced Income Builder Portfolio, Series 1, 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 seek to provide current income and the potential for capital appreciation by investing in dividend-paying stocks of U.S. companies along with shares of exchange-traded funds that invest in fixed-income securities. About half of the portfolio will constitute the 25 common stocks selected with the U.S. High Dividend Strategy, and half of the trust will consist of ETFs.

On the Jan. 12 inception date $149,905 in contracts to purchase securities comprised the trust. The 15,142 units each have a public offering price of $10.00 and a net asset value of $9.525.

Each unit carries a maximum sales fee of 3.95%, which is comprised of an initial sales charge 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 will terminate on Feb. 26, 2014.

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