Guggenheim Series 877 registers Moderate Asset Allocation units

By Tali David

Minneapolis, Jan. 27 - Guggenheim Defined Portfolios, Series 877 has registered units of its Guggenheim Moderate Asset Allocation Portfolio of ETFs, Series 10, according to an S-6 filed with the Securities and Exchange Commission.

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

The trust seeks to provide capital appreciation and current income by investing in a diversified portfolio of exchange-traded funds.

The trust will have a public offering price of $10 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 up to 1.5% are available based on the amount of the investment.

© 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.