Smart Trust registers units of its Dividend Strategy Trust, Series 1

By Tali David

Minneapolis, Feb. 15 - Smart Trust, High 20 Dividend Strategy Trust, Series 1 has registered units, according to an S-6 filed with the Securities and Exchange Commission.

The depositor is Parsippany, N.J.-based Hennion & Walsh, Inc.

The trust seeks to maximize total return potential through capital appreciation and current dividend income by investing in a portfolio of 20 publicly traded common stocks, five each from the S&P 500 Index, the S&P MidCap 400 Index, the S&P Small Cap 600 Index and the S&P ADR Index.

The units will have a sales charge of 3.95% of the public offering price, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced to 2.45% on a sliding scale depending on the investment amount.

The trust's mandatory termination date will be March 11, 2014.

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