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Guggenheim Series 865 offers Large-Cap Core Portfolio, Series 17 units
By Tali David
Minneapolis, Feb. 22 - Guggenheim Defined Portfolios, Series 865 is offering units of its Large-Cap Core Portfolio, Series 17, 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 maximize total return by investing in U.S.-listed stocks of large-capitalization companies.
On its Feb. 22 inception date, $149,821 in contracts to purchase securities comprised the trust. The 15,133 units each have a public offering price of $10 and a net asset value of $9.525 per unit.
Each unit carries a maximum sales fee of 3.95%, which is comprised of 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 trusts have a mandatory termination date of Feb. 26, 2014.
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