FT 3190 registers units of five separate portfolios

By Toni Weeks

San Diego, Nov. 1 - FT 3190 has registered units of its five portfolios, according to an S-6 amendment filed with the Securities and Exchange Commission.

The depositor is Wheaton, Ill.-based First Trust Portfolios LP.

The unit investment trust consists of the following five portfolios: the Dow Target 10 November 2011 - Term 11/20/12, the Dow Target Dividend November 2011 - Term 1/31/13, the Target Focus Four November 2011 - Term 1/31/13, the Target Triad November 2011 - Term 1/31/13 and the Target VIP November 2011 - Term 1/31/13. Each invests in a diversified portfolio of common stocks and seeks above-average total return.

On the initial date of deposit, Oct. 31, the Dow Target 10 consisted of $143,674 in initial purchase contracts, comprised of 14, 513 units, each offered at $10.00 and with a net asset value of $9.68. The estimated net annual distribution for the first year is $0.3577 per unit.

On the initial date of deposit, the Dow Target Dividend consisted of $175,670 in initial purchase contracts, comprised of 17,744 units, each offered at $10.00 and with a net asset value of $9.676. The estimated net annual distribution for the first year is $0.39 per unit.

On the initial date of deposit, the Dow Target Focus Four consisted of $268,348 in initial purchase contracts, comprised of 27,106 units, each offered at $10.00 and with a net asset value of $9.686. The estimated net annual distribution for the first year is $0.2414 per unit.

On the initial date of deposit, the Dow Triad consisted of $285,645 in initial purchase contracts, comprised of 28,853 units, each offered at $10.00 and with a net asset value of $9.683. The estimated net annual distribution for the first year is $0.189 per unit.

On the initial date of deposit, the Dow Target VIP consisted of $480,952 in initial purchase contracts, comprised of 48,581 units, each offered at $10.00 and with a net asset value of $9.683. The estimated net annual distribution for the first year is $0.2145 per unit.

The maximum sales charge for each portfolio unit is 2.95%, which consists of an initial sales charge of 1%, a deferred sales charge of 1.45% and a creation and development fee of 0.5%. The maximum fee for unit purchasers of $50,000 or more is 2.7% and decreases on a sliding scale to 1.4% for investments of $1 million or more.

The Dow Target 10 portfolio has a mandatory termination date of Nov. 30, 2012, and the remaining four have a mandatory termination date of Jan. 31, 2013.

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