Van Kampen Series 1165 invests in non-traditional asset classes

By Toni Weeks

San Diego, Nov. 18 - Van Kampen Unit Trusts, Series 1165 has registered units of its Alternatives Allocation 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 capital appreciation by investing in a portfolio of securities, including exchange-traded funds, open-end management investment companies and closed-end investment companies, considered to have low correlation to U.S. equity and bond markets. The portfolio was designed to invest in non-traditional asset classes, which may include commodities, emerging markets, global real estate, international small cap equity, listed private equity, infrastructure, hedge fund strategies and fixed income.

As of the initial date of deposit, Nov.18, $149,024 in contracts to purchase securities comprises the fund. The 15,053 units each have a public offering price of $10 and a net asset value of $9.655. The estimated net annual income is $0.22861 per unit.

Each unit will have 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 sales charge may be reduced to 1.2% depending on the amount of investment.

The trust has a mandatory termination date of Feb. 19, 2013.

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