Van Kampen Series 1194 offers Sustainable Growth and Income units

By Tali David

Minneapolis, Jan. 24 - Van Kampen Unit Trusts, Series 1194 is offering units of its Sustainable Growth and Income Portfolio, 2012 Series, according to an S-6 filing with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks to provide current income and the potential for capital appreciation by investing in a portfolio that consists of exchange-traded funds, open-end management investment companies and closed-end investment companies that invest in domestic and foreign stocks, fixed-income securities, managed futures and master limited partnerships.

On Jan. 24, the initial date of deposit, $148,545 of contracts to purchase securities comprised the trust. The 15,005 units have an initial offering price of $10 and a net asset value of $9.686 each. The estimated net annual income is $0.32718 per unit.

The units will carry 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 1.2% depending on the amount of investment.

The trust has a mandatory termination date of April 24, 2013.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.