Van Kampen Series 1185 offers Precious Metals and Mining units

By Tali David

Minneapolis, Jan. 26 - Van Kampen Unit Trusts, Series 1185 is offering units of its Precious Metals and Mining Portfolio 2012-1, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks above-average capital appreciation by investing in a diversified portfolio of stocks issued by companies in the precious metals mining industry and exchange-traded funds that are designed to track the price movements of precious metals such as gold, silver and platinum.

On Jan. 26, the initial date of deposit, $155,655 of contracts to purchase securities comprised the trust. The 15,723 units have an initial offering price of $10 and a net asset value of $9.655 each.

The trust has a maximum sales charge of 2.95%, which includes a 1% initial sales charge, a 1.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 1.2% depending on the amount of the investment.

The trust has a mandatory termination date of April 26, 2013.

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