Guggenheim Series 860 fund registers three separate portfolios

By Toni Weeks

San Diego, Dec. 5 - Guggenheim Defined Portfolios, Series 860 has completed the initial registration of units of its three portfolios, according to an S-6 filed with the Securities and Exchange Commission.

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

The unit investment trust is comprised of the Guggenheim Growth & Income Strategy Portfolio of Closed-End Funds, Series 1, the Guggenheim Discount Opportunity Strategy Portfolio of Closed-End Funds, Series 1 and the Guggenheim National Tax-Exempt Strategy Portfolio of Closed-End Funds, Series 1.

The units will carry a maximum sales fee 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 public offering price are available depending on the amount of investment.

The trust will have an inception date in 2011 and a mandatory termination date in 2013.

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