Guggenheim Series 885 offers Global Dow 10 Portfolio, Series 1 units

By Tali David

Minneapolis, March 20 - Guggenheim Defined Portfolios, Series 885 is offering units of its Global Dow 10 Portfolio, Series 1, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust seeks to provide dividend income by using an inflation-hedged approach to investing in international markets.

On its March 20 inception date, $150,315 in contracts to purchase securities comprised the trust. The 15,183 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 trusts have a mandatory termination date of June 24, 2013.

© 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.