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Van Kampen Unit Trusts offers units based on S&P's 'PowerPicks' list
By Toni Weeks
San Diego, Oct. 6 - Van Kampen Unit Trusts, series 1151 has registered units of its S&P PowerPicks Portfolio 2011-4, according to a form 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 selected by the equity research staff of Standard & Poor's. The stocks, referred to as the "S&P PowerPicks list," represent the collective best ideas of S&P's equity research staff and are drawn from the 10 global industry classification standard sectors that make up the S&P 500 index.
The Power Picks 2011-4 portfolio consists of stocks from the following sectors: 12.5% from consumer discretionary, 12.42% from consumer staples, 12.62% from energy, 12.72% from financials, 12.34% from health care, 10.05% from industrials, 19.9% from information technology, 2.52% from materials, 2.46% from telecommunication services and 2.47% from utilities.
The portfolio combines six investment strategies, each one making up about one-sixth of the initial portfolio. The initial strategies were selected on Sept. 23 and include the Large Cap Growth Strategy, the Mid Cap Value Strategy, the Small Cap Strategy, the Dow Contrarian Strategy, the Nasdaq Select 10 Strategy and the EAFE Select 20 Strategy.
On the Oct. 6 inception date, the public offering price of each unit was $10. Each unit has 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 will be reduced down on a sliding scale based on the amount of the investment.
The estimated net annual income is $0.15119 per unit. Distributions are payable quarterly.
The trust has a mandatory termination date of Jan. 11, 2013.
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