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Van Kampen Unit Trusts series 1158 targets emerging markets stocks
By Toni Weeks
San Diego, Oct. 27 - Van Kampen Unit Trusts, Municipal series 1158 has registered units of its Emerging Markets Portfolio 2011-4, 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 above-average total return by investing in a portfolio of stocks from emerging markets around the world, including Latin America, Asia and emerging Europe.
As of Oct. 27, the initial date of deposit, $202,661 of contracts to purchase securities comprised the fund. Each of the 20,471 units is priced at $10 and has a net asset value of $9.555.
Each unit will have a sales charge of 3.95%, 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 amount of investment.
The trust has a mandatory termination date of Oct. 24, 2013.
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