Guggenheim's Series 847 splits portfolio between ETFs and stocks

By Toni Weeks

San Diego, Nov. 10 - Guggenheim Defined Portfolios, Series 847 has registered units of its Guggenheim Balanced Income Builder Portfolio, Series 1, according to an S-6 filed with the Securities and Exchange Commission.

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

The trust seeks current income with 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 portfolio will constitute the 25 common stocks selected according to the U.S. High Dividend Strategy, and the other half of the portfolio will constitute ETFs believed to have the best potential for current income.

The units will be priced at $10 and will carry a maximum sales fee of 3.95%, which comprises an initial sales fee 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 is scheduled to terminate in about two years.

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