Smart Trust registers Dynamic Sector Income Trust, Series 2 units

By Tali David

Minneapolis, Feb. 1 - Smart Trust, Dynamic Sector Income Trust, Series 2 has registered units, according to an S-6 filing with the Securities and Exchange Commission.

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

The trust will seek to provide investors with the possibility of current dividend income, with capital appreciation as a secondary objective, through investment in an unmanaged, diversified portfolio of publicly traded common stock of companies and of closed-end investment companies

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 Feb. 25, 2014.

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