Guggenheim Define Portfolios series 737 focuses on junk bonds

By Toni Weeks

San Diego, Oct. 21 - Guggenheim Define Portfolios, Series 737 has registered units of its series 9 Guggenheim Short-Duration High-Yield Trust, 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 by investing in a portfolio primarily consisting of high-yield corporate securities.

On the Oct. 21 inception date, the principal amount of the trust was $35,044,000, consisting of 34,672 units priced at $1,002.24 apiece and with a net asset value of $970.71 each.

The units have no initial sales charge but have a 2.95% deferred sales fee. Sales charge reductions are available on a scale based on the amount of investment. The maximum sales charge reduction is $17.00 per unit for purchases of 3,000 or more units.

The trust is scheduled to terminate in roughly 6.5 years and its mandatory termination date is July 15, 2018.

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