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Guggenheim Series 842 offers units, consists of two ETF portfolios
By Toni Weeks
San Diego, Dec. 15 - Guggenheim Defined Portfolios, Series 842 is offering units of its two portfolios, the Guggenheim Moderate Asset Allocation Portfolio of ETFs, Series 9 and the Guggenheim Growth Asset Allocation Portfolio of ETFs, Series 9, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
Both portfolios seek to provide capital appreciation and current income by investing at least 80% of their assets in shares of equity, commodity and fixed-income ETFs.
On the Dec. 15 inception date, $149,593 in contracts to purchase securities comprised the Moderate Asset Allocation Portfolio. The 15,110 units will be priced at $10 and will have a net asset value of $9.631.
On the Dec. 15 inception date, $149,258 in contracts to purchase securities comprised the Growth Asset Allocation Portfolio. The 15,077 units will be priced at $10 and will have a net asset value of $9.632.
All units each carry a maximum sales fee of 2.95%, which is comprised of 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, according to the S-6.
The trust's termination date is March 15, 2013.
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