Guggenheim Series 874 offers Income & Treasury Limited Duration units

By Tali David

Minneapolis, March 7 - Guggenheim Defined Portfolios, Series 874 is offering units of its Income & Treasury Limited Duration Portfolio of Funds (15-month), Series 18, 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 provide current income and the potential for capital appreciation by investing at least 80% 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 exchange-traded fund that invests substantially all of its assets in short-term U.S. Treasury bonds.

On its March 7 inception date, $149,281 in contracts to purchase securities comprised the trust. The 15,079 units each have a public offering price of $10 and a net asset value of $9.625 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 of up to 1.5% of the public offering price are available based on the amount of the investment.

The trust has a mandatory termination date of June 7, 2013.

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