Van Kampen Series 1163 registers units, focuses on commodities

By Toni Weeks

San Diego, Nov. 9 - Van Kampen Unit Trusts, Series 1163 has registered units of its Global Commodity Portfolio, Series 3, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks the potential for capital appreciation by investing in a portfolio of domestic stocks and American Depositary Receipts of companies that produce energy, agricultural commodities, industrial and precious metals, minerals and forest products.

As of the initial date of deposit, Nov.9, there is $150,287 of contracts to purchase securities. The 15,181 units each have a public offering price of $10.00 and a net asset value of $9.655.

The estimated net annual income is $0.12989 per unit.

Each unit will have a maximum sales charge of 2.95%, comprised of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The sales charge may be reduced down to 1.2% depending on the amount of investment.

The trust has a mandatory termination date of Feb. 8, 2013.

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