Van Kampen Series 1189 offers Global Commodity Portfolio units

By Tali David

Minneapolis, Feb. 8 - Van Kampen Unit Trusts, Series 1189 is offering units of its Global Commodity Portfolio, Series 4, according to an S-6 amendment with the Securities and Exchange Commission.

The depositor is Houston-based Van Kampen Funds Inc.

The portfolio seeks the potential for capital appreciation by investing in a portfolio of domestic stocks and American Depositary Receipts of companies that produce commodities in the areas of energy, agriculture, industrial and precious metals, minerals and forest products.

On the trust's Feb. 8 inception date, there is $148,312 in contracts to purchase underlying securities. The 14,982 units each have a public offering price of $10 and a net asset value of $9.555. The estimated net annual income is $0.11073 per unit.

Each unit will have a maximum sales charge of 3.95%, consisting of a 1% initial sales charge, a 2.45% deferred sales charge and a 0.5% creation and development fee. The fee may be reduced on a sliding scale to 2.45% depending on the amount of investment.

The trust has a mandatory termination date of Feb. 12, 2014.

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