Van Kampen Taxable 127 offers Global Bond Income Trust, Series 1 units

By Tali David

Minneapolis, Jan. 26 - Van Kampen Unit Trusts, Taxable Income Series 127 is offering units of its Global Bond Income Trust, Series 1, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The trust seeks to provide a high level of current income and to preserve capital by investing in global bonds. The trust invests in a portfolio primarily consisting of foreign corporate and sovereign bonds with maturities of about five years or less from the date of deposit.

As of the trust's inception date, Jan. 26, there was $9,396,500 in contracts to purchase underlying securities, of which $9,006,168 represents the principal amount of bonds in the trust. The 9,837 units each have a public offering price of $994.96 and a net asset value of $955.22.

The estimated monthly current return is 5.57%, and the estimated long-term return is 3.69%. The estimated annual net interest income is $55.37.

Each unit will have a sales charge of 3.5%, which may be reduced depending on the amount of investment.

The weighted average maturity of the bonds in the trust is 3.5 years.

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