Chapman and Cutler LLP
111 West Monroe Street
Chicago, Illinois 60603
May 26, 2021
Via EDGAR Filing
Mr. Edward Bartz
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re: Guggenheim Defined Portfolios, Series 2129
Total Income Portfolio, Series 25
File Nos. 333-254567 and 811-03763
Dear Mr. Bartz:
This letter responds to your comment given during a telephone conversation with our office regarding the registration statement on Form S-6 for Guggenheim Defined Portfolios, Series 2129, filed on March 22, 2021, with the Securities and Exchange Commission. The registration statement proposes to offer the Total Income Portfolio, Series 25 (the “trust”).
PROSPECTUS
Investment Summary — Principal Risks
1. The duration example in the eighth bullet under the “Principal Risks” section uses a duration of five years. Please confirm that the average weighted duration of the underlying exchange-traded funds and business development companies is approximately five years or less. If not, please revise this example to reflect the average weighted duration of the underlying exchange-traded funds and business development companies.
Response: The sponsor confirms that the average weighted duration of the underlying exchange-traded funds and business development companies is approximately five years or less and, therefore, the example does not need to be revised.
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