Guggenheim Series 885 registers Global Dow 10 Portfolio, Series 1 units

By Tali David

Minneapolis, Feb. 10 - Guggenheim Defined Portfolios, Series 885 has registered units of its Global Dow 10 Portfolio, Series 1, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust will seek to provide dividend income by utilizing an inflation-hedged approach to investing in international markets.

The units will each have an initial offering price of $10. Each unit carries a maximum sales fee of 2.95%, which comprised an initial sales fee of 1%, a deferred sales fee of 1.45% 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 have a mandatory termination date in 2013.

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