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Guggenheim Series 874 registers Limited Duration Portfolio units
By Tali David
Minneapolis, Jan. 27 - Guggenheim Defined Portfolios, Series 874 has registered units of its Limited Duration Portfolio of Funds (15-month), Series 18, according to an S-6 filed with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
The trust will seek to provide current income and the potential for capital appreciation. Under normal circumstances, the trust will invest at least 80% of the value of its assets in common shares of closed-end investment companies that invest in various income-oriented securities of different asset classes and shares of an ETF that invests substantially all of its assets in short-term U.S. Treasury bonds.
The trust will have a public offering price of $10 per unit. Each unit carries 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 up to 1.5% are available based on the amount of the investment.
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