Correspondence 0001528621-23-000407 from GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2295 (CIK 0001902630)
GUGGENHEIM DEFINED PORTFOLIOS, SERIES 2295 (CIK 0001902630)
Date: March 2, 2023 · CIK: 0001902630 · Accession: 0001528621-23-000407
AI Filing Summary & Sentiment
File numbers found in text: 333-269378, 811-03763
Letter
Via EDGAR Filing Division of Investment Management Securities and Exchange Commission Washington, DC 20549 Re: Guggenheim Defined Portfolios, Series 2295 Income & Treasury Limited Duration Portfolio of Funds, Series 75 File Nos. 333-269378 and 811-03763
Dear Mr. Rosenberg:
This letter responds to the comments given during a telephone conversation with our office regarding the registration statement on Form S-6 for Guggenheim Defined Portfolios, Series 2295, filed on January 24, 2023, with the Securities and Exchange Commission. The registration statement proposes to offer the Income & Treasury Limited Duration Portfolio of Funds, Series 75 (the “trust”).
PROSPECTUS
Investment Summary — Principal Investment Strategy
1. Under “Principal Investment Strategy” please disclose the dollar-weighted average maturity parameters of the short-term treasury ETF.
Response: In response to the comment, the following will be added as the last sentence of the first paragraph under “Principal Investment Strategy”:
“In addition, to further dampen the trust’s duration sensitivity and lower the trust’s overall volatility, the weighted average maturity of the ETF will be between one and three years.”
2. Under “Principal Investment Strategy” it lists the various asset classes in which the closed-end funds in which the trust invests may invest. Please disclose the risks associated with each of these asset classes under the principal risk section.
Response: The appropriate risk disclosures will be included in the final prospectus based upon the trust’s portfolio. If the trust invests in closed-end funds that invest in these securities, the trust will add the corresponding risk disclosures to the appropriate risk section(s).
3. Under “Security Selection” it states, “U.S. Treasury bonds are generating yields that are at historic lows.” Please consider whether this statement is still factually correct given the recent rise in treasury bond rates.
Response: In response to the comment, the third and fourth sentence of the fourth paragraph under “Security Selection” have been deleted.
We appreciate your prompt attention to this registration statement. If you have any questions or comments or would like to discuss our responses to your questions, please feel free to contact the undersigned at (312) 845-3484.
Very truly yours,
Chapman
and Cutler LLP
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Chapman and Cutler LLP
320 South Canal Street, 27th Floor
Chicago, Illinois 60606
March 2, 2023
Via EDGAR Filing
Mr. Michael A. Rosenberg
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: Guggenheim Defined Portfolios, Series 2295
Income & Treasury Limited Duration Portfolio
of Funds, Series 75
File Nos. 333-269378 and 811-03763
Dear Mr. Rosenberg:
This letter responds to
the comments given during a telephone conversation with our office regarding the registration statement on Form S-6 for Guggenheim
Defined Portfolios, Series 2295, filed on January 24, 2023, with the Securities and Exchange Commission. The registration statement
proposes to offer the Income & Treasury Limited Duration Portfolio of Funds, Series 75 (the “trust”).
PROSPECTUS
Investment
Summary — Principal Investment Strategy
1. Under
“Principal Investment Strategy” please disclose the dollar-weighted average maturity parameters of the short-term treasury
ETF.
Response: In response
to the comment, the following will be added as the last sentence of the first paragraph under “Principal Investment Strategy”:
“In addition, to
further dampen the trust’s duration sensitivity and lower the trust’s overall volatility, the weighted average maturity of
the ETF will be between one and three years.”
2. Under
“Principal Investment Strategy” it lists the various asset classes in which the closed-end funds in which the trust invests
may invest. Please disclose the risks associated with each of these asset classes under the principal risk section.
Response: The appropriate
risk disclosures will be included in the final prospectus based upon the trust’s portfolio. If the trust invests in closed-end funds
that invest in these securities, the trust will add the corresponding risk disclosures to the appropriate risk section(s).
3. Under
“Security Selection” it states, “U.S. Treasury bonds are generating yields that are at historic lows.” Please
consider whether this statement is still factually correct given the recent rise in treasury bond rates.
Response: In response
to the comment, the third and fourth sentence of the fourth paragraph under “Security Selection” have been deleted.
We appreciate your prompt
attention to this registration statement. If you have any questions or comments or would like to discuss our responses to your questions,
please feel free to contact the undersigned at (312) 845-3484.
Very truly yours,
Chapman
and Cutler LLP
By /s/ Morrison
C. Warren
Morrison C. Warren