Van Kampen Unit Trusts series 1157 targets metals and mining stocks

By Toni Weeks

San Diego, Oct. 27 - Van Kampen Unit Trusts, Municipal series 1157 has registered units of its Precious Metals and Mining 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 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.

As of Oct. 27, the initial date of deposit, $148,667 of contracts to purchase securities comprises the fund. Each of the 15,017 units is priced at $10 and has a net asset value of $9.655.

Each unit will have a 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% on a sliding scale depending on the amount of investment.

The trust has a mandatory termination date of Jan. 28, 2013.

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