Guggenheim Series 879 registers BulletShares Corporate Ladder units

By Toni Weeks

San Diego, Jan. 31 - Guggenheim Defined Portfolios, Series 879 registered units of its Guggenheim BulletShares 2012-2017 Corporate Bond Ladder Portfolio of ETFs, Series 3, according to an S-6 filing with the Securities and Exchange Commission.

The depositor is Lisle, Ill.-based Guggenheim Funds Distributors, Inc.

The trusts will seek to provide current income by investing in a portfolio of exchange-traded funds that hold fixed-income securities.

Each $10 unit will carry 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 is scheduled to terminate in about six years.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.