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Van Kampen's Series 1172 targets BRIC, renewable energy companies
By Toni Weeks
San Diego, Dec. 15 - Van Kampen Unit Trusts, Series 1172 registered its two portfolios, the BRIC Opportunity Portfolio 2012-1 and the Global Alternative Energy Portfolio 2012-1, in an S-6 filing with the Securities and Exchange Commission.
The depositor is Houston-based Van Kampen Funds Inc.
The BRIC Opportunity Portfolio seeks above-average capital appreciation by investing in a portfolio of stocks in companies incorporated in, or with headquarters or a significant presence in, Brazil, Russia, India or China.
On the Dec. 15 initial date of deposit, $148,295 in contracts to purchase securities represents the portfolio. The 14,980 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual income is $0.25899 per unit.
The Global Alternative Energy Portfolio seeks total return by investing in a portfolio of stocks from the Ardour Global Index (Extra Liquid). The Index is an equity benchmark for globally traded stocks in companies principally engaged in the field of alternative energy technologies, including renewable energy, alternative fuels and related enabling technologies.
On the Dec. 15 initial date of deposit, $139,130 in contracts to purchase securities represents the portfolio. The 14,054 units each have a public offering price of $10 and a net asset value of $9.655.
All of the units will have a maximum sales charge of 2.95%, consisting of a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.9% depending on the amount of the investment.
The trust has a mandatory determination date of March 15, 2013.
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