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Guggenheim Series 836 portfolios target high and low sensitivity
By Toni Weeks
San Diego, Nov. 16 - Guggenheim Defined Portfolios, Series 836, which consists of two portfolios, has registered units of its Guggenheim Bullish Equity Portfolio, Series 4 and its Guggenheim Defensive Equity Portfolio, Series 4, according to an S-6 amendment filed with the Securities and Exchange Commission.
The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.
The Bullish Equity trust seeks to provide total return through capital appreciation by investing in a portfolio of 50 equity securities of U.S.-listed companies that Guggenheim believes have high sensitivity to changes in the economy and that have valuation, leverage and profitability that, when combined, have historically outperformed the broad universe of U.S. equities.
On the Nov. 15 inception date, $148,747 of sponsor's contracts to purchase underlying securities comprised the trust. The 15,025 units have a public offering price of $10.00 and a net asset value of $9.625 per unit.
The Defensive Equity trust seeks to provide total return through capital appreciation by investing in a portfolio of 50 equity securities of U.S.-listed companies whose business have low sensitivity to changes in the economy and that have valuation, leverage and profitability that, when combined, historically have outperformed the broad universe of U.S. equities.
On the Nov. 15 inception date, $149,203 of sponsor's contracts to purchase underlying securities comprised the trust. The 15,071 units have a public offering price of $10.00 and a net asset value of $9.625 per unit.
The units from both portfolios will carry a sales charge of 2.95%, consisting of a 1% initial sales fee, a 1.45% deferred sales fee and a 0.5% creation and development fee. Sales charge reductions of up to 1.5% of the offering price will be available on a scale based on the amount of investment.
The trust has a termination date of Feb. 15, 2013.
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