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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-08743
Invesco Van Kampen Senior Income Trust*
 
(Exact name of registrant as specified in charter)
11 Greenway Plaza, Suite 2500 Houston, Texas 77046
 
(Address of principal executive offices)   (Zip code)
Colin Meadows 11 Greenway Plaza, Suite 2500 Houston, Texas 77046
 
(Name and address of agent for service)
Registrant’s telephone number, including area code: (713) 626-1919
Date of fiscal year end: 7/31
Date of reporting period: 4/30/10
 
 
     
*   On June 1, 2010, Invesco completed its acquisition of Van Kampen Investments and Morgan Stanley’s retail assets management business. This Trust was included in that acquisition and as of that date, became Invesco Van Kampen Senior Income Trust. Please visit www.invesco.com/transaction for more information or call Invesco’s Client Services team at 800-959-4246.


 

Item 1. Schedule of Investments.
Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Variable Rate Senior Loan Interests 149.0%
                       
       
Aerospace/Defense 3.6%
                       
$ 1,959    
Apptis, Inc. Term Loan
    3.540 %     12/20/12     $ 1,924,451  
  2,103    
Atlantic Marine Services Term Loan
    4.563       03/22/14       2,055,219  
  985    
Booz Allen Hamilton, Inc. Term Loan B
    7.500       07/31/15       991,538  
  3,172    
Booz Allen Hamilton, Inc. Term Loan C
    6.000       07/31/15       3,185,356  
  1,785    
IAP Worldwide Services, Inc. Second Lien Term Loan (b)
    11.500       06/28/13       1,579,836  
  6,023    
IAP Worldwide Services, Inc. Term Loan (b)
    9.250       12/30/12       5,751,615  
  4,382    
ILC Industries, Inc. First Lien Term Loan
    2.273       02/24/12       4,356,388  
  2,316    
Primus International, Inc. Incremental Term Loan
    2.870       06/07/12       2,246,429  
  410    
TASC, Inc. Term Loan A
    5.500       12/18/14       410,807  
  4,218    
TASC, Inc. Term Loan B
    5.750       12/18/15       4,238,597  
  4,535    
Vangent, Inc. Term Loan B
    2.510       02/14/13       4,421,196  
  625    
Wesco Aircraft Hardware Corp. Second Lien Term Loan
    6.030       03/28/14       608,594  
       
 
                     
       
 
                    31,770,026  
       
 
                     
       
 
                       
       
Automotive 5.5%
                       
  1,617    
Acument Global Technologies, Inc. Term Loan (b)
    14.000       08/11/13       1,572,920  
  2,000    
Dana Corp. Term Loan B
    4.530       01/30/15       1,986,250  
  7,401    
Federal-Mogul Corp. Term Loan B
    2.190       12/29/14       6,784,286  
  3,523    
Federal-Mogul Corp. Term Loan C
    2.200       12/28/15       3,229,307  
  14,993    
Ford Motor Co. Term Loan
    3.280       12/16/13       14,502,915  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Automotive (continued)
                       
$ 6,548    
Metokote Corp. Term Loan Refinance
    9.000 %     11/27/11     $ 5,975,256  
  3,573    
Oshkosh Truck Corp. Term Loan B
    6.260       12/06/13       3,596,953  
  611    
Performance Transportation Services, Inc. Letter of Credit (c)(d)(e)
    3.250       01/26/12       168,159  
  420    
Performance Transportation Services, Inc. Term Loan (c)(d)(e)
    7.500       01/26/12       115,473  
  4,718    
Polypore, Inc. Incremental Term Loan
    2.530       07/03/14       4,612,075  
  3,578    
Sensata Technologies, Inc. Term Loan
    2.080       04/26/13       3,461,433  
  1,636    
TRW Automotive, Inc. Term Loan A2
    5.010       05/30/15       1,643,718  
       
 
                     
       
 
                    47,648,745  
       
 
                     
       
 
                       
       
Banking 0.1%
                       
  162    
Dollar Financial Corp. CAD Term Loan
    7.000       10/30/12       157,558  
  119    
Dollar Financial Corp. Delayed Draw Term Loan
    7.000       10/30/12       115,852  
  384    
Dollar Financial Corp. Term Loan (United Kingdom)
    7.000       10/30/12       372,757  
       
 
                     
       
 
                    646,167  
       
 
                     
       
 
                       
       
Beverage, Food & Tobacco 8.0%
                       
  5,163    
Acosta, Inc. Term Loan B
    2.530       07/28/13       5,103,157  
  7,297    
Coleman Natural Foods, LLC First Lien Term Loan (b)
    6.930       08/22/12       6,749,388  
  3,985    
DCI Cheese Co. Term Loan
    3.540       04/15/12       3,486,496  
  2,041    
Dole Food Co., Inc. Credit Link Deposit
    7.879       08/30/10       2,065,580  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Beverage, Food & Tobacco (continued)
                       
$ 2,487    
Dole Food Co., Inc. Term Loan B
    5.040 %     03/02/17     $ 2,516,593  
  6,176    
Dole Food Co., Inc. Term Loan C
    5.010       03/02/17       6,250,588  
  10,096    
DS Waters of America, Inc. Term Loan B
    2.509       10/27/12       9,944,631  
  4,950    
DSW Holdings, Inc. Term Loan
    4.259       03/02/12       4,885,031  
  8,032    
Farley’s & Sathers Candy Co., Inc. First Lien Term Loan
    7.020       06/15/11       7,951,774  
  1,200    
Farley’s & Sathers Candy Co., Inc. Second Lien Term Loan
    11.250       01/02/12       1,164,000  
  2,925    
FSB Holdings, Inc. Second Lien Term Loan
    6.063       03/29/14       2,749,500  
  2,506    
FSB Holdings, Inc. Term Loan B
    2.610       09/29/13       2,459,035  
  1,936    
Michael Foods, Inc. Term Loan B
    6.500       05/01/14       1,951,844  
  5,694    
Pinnacle Foods Finance LLC Term Loan B
    2.999       04/02/14       5,557,321  
  1,529    
Pinnacle Foods Finance LLC Term Loan C
    7.500       04/02/14       1,542,945  
  1,739    
Wm. Wrigley Jr. Co. Term Loan B1
    3.063       12/17/12       1,751,641  
  3,827    
Wm. Wrigley Jr. Co. Term Loan B2
    3.313       10/06/14       3,855,708  
       
 
                     
       
 
                    69,985,232  
       
 
                     
       
 
                       
       
Broadcasting — Cable 9.0%
                       
  5,728    
Cequel Communications, LLC New Term Loan
    2.292       11/05/13       5,634,432  
  19,085    
Charter Communications Operating, LLC Extended Term Loan
    3.550       09/06/16       18,277,833  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Broadcasting — Cable (continued)
                       
$ 2,228    
Charter Communications Operating, LLC Replacement Term Loan (e)
    2.300 %     03/06/14     $ 2,118,026  
  4,000    
Charter Communications Operating, LLC Third Lien Term Loan (e)
    2.752       09/06/14       3,723,332  
  2,806    
CSC Holdings, Inc. Extended Term Loan A3
    1.004       03/31/15       2,781,856  
  7,941    
CSC Holdings, Inc. Incremental B-2 Term Loan
    2.004       03/29/16       7,953,459  
  4,356    
Discovery Communications Holdings, LLC Term Loan C
    5.250       05/14/14       4,400,240  
  1,926    
Knology Inc. Extended Term Loan
    3.792       06/30/14       1,912,271  
  3,860    
MCC Iowa, LLC Term Loan D-2
    2.010       01/31/15       3,722,200  
  1,583    
MCC Iowa, LLC Term Loan E
    4.500       10/23/17       1,584,720  
  1,496    
MCC Iowa, LLC Term Loan F
    4.500       10/23/17       1,497,542  
  2,322    
Mediacom Illinois, LLC Term Loan C
    2.010       01/31/15       2,232,991  
  2,118    
Mediacom Illinois, LLC Term Loan D
    5.500       03/31/17       2,132,072  
  7,990    
RCN Corp. Term Loan B
    2.563       05/25/14       7,958,612  
  7,645    
UPC Financing Partnership Term Loan T (Netherlands)
    3.930       12/30/16       7,562,556  
  4,878    
TWCC Holding Corp. Replacement Term Loan
    5.000       09/14/15       4,931,334  
       
 
                     
       
 
                    78,423,476  
       
 
                     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Broadcasting — Diversified 1.3%
                       
$ 1,350    
Alpha Topco, Ltd. Second Lien Term Loan (United Kingdom)
    3.822 %     06/30/14     $ 1,231,261  
  4,117    
Alpha Topco, Ltd. Term Loan B1 (United Kingdom)
    2.447       12/31/13       3,879,384  
  2,781    
Alpha Topco, Ltd. Term Loan B2 (United Kingdom)
    2.447       12/31/13       2,620,414  
  4,161    
Cumulus Media, Inc. Term Loan B
    4.259       06/11/14       3,835,536  
       
 
                     
       
 
                    11,566,595  
       
 
                     
       
 
                       
       
Broadcasting — Radio 2.2%
                       
  6,799    
CMP KC LLC Term Loan (a)(d)
    6.250       05/03/11       2,073,621  
  13,857    
CMP Susquehanna Corp. Term Loan
    2.313       05/05/13       11,844,469  
  1,728    
LBI Media, Inc. Term Loan
    1.773       03/31/12       1,599,120  
  2,475    
Multicultural Radio Broadcasting, Inc. Second Lien Term Loan
    6.000       06/18/13       1,670,625  
  2,011    
Multicultural Radio Broadcasting, Inc. Term Loan
    3.000       12/18/12       1,656,728  
       
 
                     
       
 
                    18,844,563  
       
 
                     
       
 
                       
       
Broadcasting — Television 3.5%
                       
  939    
Barrington Broadcasting, LLC Term Loan
    4.500       08/12/13       882,336  
  2,625    
FoxCo Acquisition Sub, LLC Term Loan
    7.500       07/14/15       2,614,860  
  954    
High Plains Broadcasting Operating Co. LLC Term Loan
    9.000       09/14/16       934,806  
  3,630    
Newport Television, LLC Term Loan B
    9.000       09/14/16       3,557,832  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Broadcasting — Television (continued)
                       
$ 3,632    
Sunshine Acquisition, Ltd. Term Loan
    5.499 %     06/01/12     $ 3,470,761  
  21,053    
Univision Communications, Inc. Initial Term Loan
    2.540       09/29/14       19,232,108  
       
 
                     
       
 
                    30,692,703  
       
 
                     
       
 
                       
       
Buildings & Real Estate 2.3%
                       
  1,305    
CB Richard Ellis Services, Inc. Term Loan B
    6.000       12/20/13       1,306,494  
  998    
CB Richard Ellis Services, Inc. Term Loan B-1
    6.500       12/21/15       1,000,685  
  2,300    
CB Richard Ellis Services, Inc. Term Loan B-1A
    7.000       12/21/15       2,305,750  
  2,500    
El Ad IDB Las Vegas, LLC Term Loan A1
    3.001       08/09/12       1,500,000  
  10,106    
Ginn LA CS Borrower First Lien Term Loan (d)
    6.196       06/08/11       732,664  
  4,714    
Ginn LA CS Borrower First Lien Credit Linked A (d)
    7.750       06/08/11       341,786  
  6,000    
Ginn LA CS Borrower Second Lien Term Loan (a)(d)
    10.196       06/08/12       10,002  
  2,200    
Kyle Acquisition Group, LLC Term Loan B (d)(g)
    5.750       07/20/09       220,000  
  3,000    
Kyle Acquisition Group, LLC Term Loan C (d)
    4.000       07/20/11       300,000  
  1,000    
Lake At Las Vegas Joint Venture, LLC DIP Term Loan (b)(e)
    9.773       07/15/10       300,000  
  12    
Lake At Las Vegas Joint Venture, LLC Mezzanine Term Loan (b)(d)(e)
    20.000       10/01/10       199  
  6,810    
Lake At Las Vegas Joint Venture, LLC New Term Loan (b)(d)(e)
    14.333       06/20/12       109,253  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Buildings & Real Estate (continued)
                       
$ 602    
Lake At Las Vegas Joint Venture, LLC Revolving Credit Agreement (b)(d)(e)
    14.350 %     06/20/12     $ 9,655  
  1,207    
NLV Holdings, LLC First Lien Term Loan (b)(d)(e)(g)
    5.750       03/31/10       328,995  
  2,456    
NLV Holdings, LLC Second Lien Term Loan (b)(d)(e)
    5.250       05/09/12       181,158  
  1,414    
Realogy Corp. Letter of Credit
    3.375       10/10/13       1,285,598  
  5,254    
Realogy Corp. Term Loan
    3.292       10/10/13       4,775,077  
  1,908    
South Edge, LLC Term Loan A (d)(g)
    5.250       10/31/08       891,994  
  2,000    
South Edge, LLC Term Loan C (d) (g)
    5.500       10/31/09       910,000  
  540    
Standard Pacific Corp. Term Loan
    2.000       05/05/13       497,700  
  497    
Tamarack Resorts, LLC Term Loan (d)(g)
    20.250       07/02/09       397,521  
  2,400    
Tamarack Resorts, LLC Credit Lined Note A (d)
    8.051       05/19/11       36,000  
  3,546    
Tamarack Resorts, LLC Term Loan B (d)
    7.500       05/19/11       53,190  
  797    
WCI Communities, Inc. First Lien Term Loan
    10.070       09/03/14       795,906  
  1,190    
WCI Communities, Inc. PIK Term Loan (b)
    10.000       09/02/16       1,154,207  
  2,866    
Yellowstone Mountain Club, LLC First Lien Term Loan (a)(d)
    4.625       09/30/10       0  
  1,010    
Yellowstone Mountain Club, LLC Term Loan Note
    6.000       07/16/14       1,000,010  
       
 
                     
       
 
                    20,443,844  
       
 
                     
       
 
                       
       
Business Equipment & Services 4.7%
                       
  6,800    
Affinion Group, Inc. Term Loan B
    5.000       10/10/16       6,766,000  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Business Equipment & Services (continued)
                       
$ 3,587    
First American Payment Systems, LP Term Loan
    3.313 %     10/06/13     $ 3,369,068  
  2,135    
GSI Holdings, LLC Term Loan
    3.260       08/01/14       1,996,528  
  532    
InfoUSA, Inc. Additional Term Loan B
    2.050       02/14/12       529,867  
  837    
InfoUSA, Inc. Term Loan B
    2.050       02/14/12       834,540  
  5,036    
KAR Holdings, Inc. Term Loan B
    3.030       10/18/13       4,949,190  
  5,242    
NCO Financial Systems Term Loan B
    6.910       05/15/13       5,184,821  
  12,314    
Nielsen Finance, LLC Class A Term Loan
    2.251       08/09/13       12,031,536  
  175    
RGIS Holdings, LLC Delayed Draw Term Loan
    2.790       04/30/14       165,963  
  3,499    
RGIS Holdings, LLC Term Loan B
    2.790       04/30/14       3,319,252  
  171    
Sedgwick CMS Holdings, Inc. Term Loan B
    2.523       01/31/13       169,219  
  1,938    
SMG Holdings, Inc. Term Loan B
    3.330       07/27/14       1,821,722  
       
 
                     
       
 
                    41,137,706  
       
 
                     
       
 
                       
       
Chemicals, Plastics & Rubber 8.8%
                       
  2,400    
Brenntag Holdings GmbH and Co. Second Lien Term Loan (Germany)
    6.473       07/07/15       2,408,400  
  1,323    
Celanese Holdings, LLC Dollar Term Loan
    2.042       04/02/14       1,299,047  
  2,883    
Cristal Inorganic Chemicals US, Inc. First Lien Term Loan
    2.540       05/15/14       2,720,702  
  3,740    
Hexion Specialty Chemicals, Inc. Extended Term Loan C1
    4.063       05/05/15       3,610,413  
  1,657    
Hexion Specialty Chemicals, Inc. Extended Term Loan C2
    4.063       05/05/15       1,599,254  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Chemicals, Plastics & Rubber (continued)
                       
$ 2,495    
Hexion Specialty Chemicals, Inc. Extended Term Loan C5
    4.063 %     05/05/15     $ 2,370,182  
  3,782    
Huntsman International, LLC New Term Loan
    2.060       04/21/14       3,649,685  
  4,347    
Huntsman International, LLC Term Loan C
    2.520       06/30/16       4,215,817  
  6,651    
Kraton Polymers, LLC Term Loan
    2.313       05/13/13       6,416,688  
  529    
Lyondell Chemical Co. DIP Term Loan (f) (g)
    5.796       04/06/10       546,216  
  3,014    
Lyondell Chemical Co. Exit Term Loan
    5.500       04/08/16       3,014,442  
  3,255    
Lyondell Chemical Co. DIP Term Loan Roll Up (g)
    6.560       04/06/10       3,456,450  
  14,668    
Lyondell Chemical Co. CAM Exchange Term Loan (e)
    3.748       12/22/14       13,311,241  
  72    
Lyondell Chemical Co. CAM Exchange US Primary Revolving Credit Agreement (e) (f)
    7.000       12/20/13       65,301  
  1,180    
Nalco Co. Add on Term Loan
    2.023       05/13/16       1,176,004  
  4,733    
Nalco Co. Term Loan
    6.500       05/13/16       4,779,380  
  2,477    
Nusil Technology LLC New Term Loan B
    6.000       02/18/15       2,501,778  
  5,927    
PQ Corp. Term Loan B
    3.570       07/30/14       5,478,566  
  1,580    
Rockwood Specialties Group, Inc. Term Loan E
    4.500       07/30/12       1,582,609  
  2,029    
Rockwood Specialties Group, Inc. Term Loan H
    6.000       05/15/14       2,046,514  
  5,330    
Solutia, Inc. Term Loan B
    4.750       03/17/17       5,373,393  
  5,105    
Univar Inc. Term Loan
    3.273       10/10/14       5,024,384  
       
 
                     
       
 
                    76,646,466  
       
 
                     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Construction Material 1.3%
                       
$ 976    
Axia Acquisition Corp. Second Lien Term Loan A
    3.390 %     03/11/16     $ 951,441  
  1,918    
Axia Acquisition Corp. Second Lien Term Loan B
    3.390       03/12/16       1,793,155  
  1,712    
Building Materials Holding Corp. Second Lien Term Loan (b)
    8.000       01/04/15       1,369,307  
  2,825    
Contech Construction Products, Inc. Term Loan
    2.260       01/31/13       2,585,291  
  4,303    
Custom Building Products, Inc. Term Loan B
    5.750       03/19/15       4,310,651  
       
 
                     
       
 
                    11,009,845  
       
 
                     
       
 
                       
       
Containers, Packaging & Glass 4.6%
                       
  4,241    
Anchor Glass Container Corp. First Lien Term Loan
    6.000       03/02/16       4,233,091  
  1,425    
Anchor Glass Container Corp. Second Lien Term Loan
    10.000       09/02/16       1,417,875  
  3,400    
Berlin Packaging, LLC Term Loan
    3.283       08/17/14       3,085,255  
  3,817    
Berry Plastics Group, Inc. Term Loan C
    2.257       04/03/15       3,575,769  
  110    
Graham Packaging Co., L.P. New Term Loan B
    2.500       10/07/11       108,998  
  6,481    
Graham Packaging Co., L.P. Term Loan C
    6.750       04/05/14       6,544,040  
  1,198    
Graphic Packaging International, Inc. Term Loan B
    2.300       05/16/14       1,182,300  
  6,018    
Kranson Industries, Inc. Term Loan B
    2.620       07/31/13       5,967,509  
  5,489    
Packaging Dynamics Operating Co. Term Loan
    2.328       06/09/13       4,981,370  
  2,022    
Pertus Sechzehnte GmbH Term Loan B2 (Germany)
    2.649       06/13/15       1,720,799  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Containers, Packaging & Glass (continued)
                       
$ 2,022    
Pertus Sechzehnte GmbH Term Loan C2 (Germany)
    2.899 %     06/13/16     $ 1,720,800  
  4,770    
Reynolds Group Holdings Inc. Dollar Term Loan
    6.250       05/05/16       4,801,005  
  825    
Tegrant Holding Corp. Second Lien Term Loan
    5.800       03/08/15       585,750  
       
 
                     
       
 
                    39,924,561  
       
 
                     
       
 
                       
       
Diversified Manufacturing 0.9%
                       
  342    
Arnold Magnectic Technologies Corp. Term Loan A (a)
    9.000       03/07/11       289,282  
  519    
Arnold Magnectic Technologies Corp. Term Loan B (a)
    9.000       03/06/12       438,709  
  346    
Arnold Magnectic Technologies Corp. Term Loan C (a)
    9.000       03/06/12       292,628  
  809    
Arnold Magnectic Technologies Corp. Term Loan D (a)
    9.000       03/06/12       683,847  
  586    
MW Industries, Inc. Acquisition Term Loan (a)
    7.500       11/01/13       557,562  
  4,576    
MW Industries, Inc. Term Loan (a)
    7.500       11/01/13       4,353,863  
  404    
Mueller Water Products, Inc. Term Loan A
    5.290       05/24/12       404,836  
  1,130    
Mueller Water Products, Inc. Term Loan B
    5.328       05/23/14       1,134,488  
       
 
                     
       
 
                    8,155,215  
       
 
                     
       
 
                       
       
Durable Consumer Products 0.2%
                       
  1,710    
Brown Jordan International, Inc. Term Loan
    4.260       04/30/12       1,565,010  
       
 
                     
       
 
                       
       
Ecological 1.0%
                       
  1,471    
Energy Solutions, LLC Synthetic A Deposit
    4.020       06/07/13       1,452,951  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Ecological (continued)
                       
$ 161    
Energy Solutions, LLC Synthetic Letter of Credit
    4.020 %     06/07/13     $ 158,870  
  2,257    
Energy Solutions, LLC Term Loan
    4.030       06/07/13       2,229,284  
  1,083    
Energy Solutions, LLC Term Loan B
    4.030       06/07/13       1,069,555  
  2,199    
Environmental Systems Products Holdings Second Lien Term Loan (a)
    13.500       09/12/14       2,199,225  
  1,100    
Synagro Technologies, Inc. Second Lien Term Loan
    5.010       10/02/14       895,584  
  1,023    
Synagro Technologies, Inc. Term Loan B
    2.260       04/02/14       932,361  
       
 
                     
       
 
                    8,937,830  
       
 
                     
       
 
                       
       
Education & Child Care 3.5%
                       
  1,280    
Bright Horizons Family Solutions, Inc. Revolving Credit Agreement (f)
    1.270       05/28/14       1,203,200  
  2,435    
Bright Horizons Family Solutions, Inc. Term Loan B
    7.500       05/28/15       2,448,158  
  11,793    
Cengage Learning Holdings II, LP Term Loan
    2.790       07/03/14       10,575,493  
  992    
Cengage Learning Holdings II, LP Incremental Term Loan 1
    7.500       07/03/14       1,003,589  
  250    
Educate, Inc. Second Lien Term Loan
    5.550       06/16/14       220,937  
  3,334    
Education Management, LLC Term Loan C
    2.063       06/03/13       3,268,762  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Education & Child Care (continued)
                       
$ 12,188    
Nelson Education, Ltd., Term Loan (Canada)
    2.790 %     07/05/14     $ 11,334,375  
       
 
                     
       
 
                    30,054,514  
       
 
                     
       
 
                       
       
Electronics 4.5%
                       
  913    
Aeroflex, Inc. Term Loan B-1
    3.500       08/15/14       896,431  
  5,159    
Dealer Computer Services, Inc. Term Loan B
    5.250       04/21/17       5,159,178  
  2,263    
Edwards, Ltd. First Lien Term Loan (Cayman Islands)
    2.252       05/31/14       2,102,720  
  2,067    
Edwards, Ltd. Second Lien Term Loan (Cayman Islands) (b)
    6.002       11/30/14       1,761,873  
  2,166    
Infor Enterprise Solutions Holdings, Inc. Extended Delayed Draw Term Loan
    6.030       07/28/15       2,100,945  
  4,151    
Infor Enterprise Solutions Holdings, Inc. Extended Initial Term Loan
    6.030       07/28/15       4,032,001  
  4,419    
Kronos, Inc. Initial Term Loan
    2.290       06/11/14       4,266,095  
  701    
Matinvest 2 SAS Term Loan B2 (France)
    3.749       06/23/14       639,203  
  701    
Matinvest 2 SAS Term Loan C2 (France)
    3.999       06/22/15       638,996  
  6,240    
Open Solutions, Inc. Term Loan B
    2.445       01/23/14       5,639,432  
  1,273    
Sungard Data Systems, Inc. Incremental Term Loan
    6.750       02/28/14       1,279,952  
  1,265    
Sungard Data Systems, Inc. Term Loan A
    2.001       02/28/14       1,225,391  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Electronics (continued)
                       
$ 7,309    
Sungard Data Systems, Inc. Term Loan B
    3.880 %     02/26/16     $ 7,279,950  
  2,214    
Verint Systems, Inc. Term Loan B
    3.540       05/25/14       2,132,775  
       
 
                     
       
 
                    39,154,942  
       
 
                     
       
 
                       
       
Entertainment & Leisure 5.4%
                       
  3,881    
Bombardier Recreational Products, Inc., Term Loan (Canada)
    3.250       06/28/13       3,446,075  
  3,118    
Cedar Fair, LP Term Loan B Extended
    4.291       02/17/14       3,094,843  
  626    
Cedar Fair, LP Term Loan
    2.270       02/17/12       621,620  
  2,000    
Cedar Fair, LP Term Loan B Extended
    4.273       08/30/14       2,000,000  
  2,354    
Fender Musical Instruments Corp. Delayed Draw Term Loan
    2.500       06/09/14       2,095,490  
  4,661    
Fender Musical Instruments Corp. Term Loan B
    2.550       06/09/14       4,148,324  
  2,288    
Gibson Guitar Corp. Term Loan
    7.250       12/29/13       2,033,698  
  6,000    
Hicks Sports Group LLC Term Loan (d)
    6.750       12/22/10       5,415,000  
  4,786    
Metro-Goldwyn-Mayer Studios, Inc. Revolving Credit Agreement (d) (g)
    20.410       04/08/10       2,177,653  
  14,269    
Metro-Goldwyn-Mayer Studios Inc. Term Loan B (d)
    20.500       04/09/12       6,625,955  
  4,771    
Mets, LP Term Loan C
    2.263       07/25/10       4,604,428  
  2,020    
Playcore Holdings, Inc. Term Loan B
    2.820       02/21/14       1,949,205  
  3,206    
Ticketmaster Entertainment, Inc. Delayed Draw Term Loan B
    7.000       07/25/14       3,238,775  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Entertainment & Leisure (continued)
                       
$ 3,474    
True Temper Sports, Inc. Term Loan (a)
    13.000 %     10/14/13     $ 3,473,842  
  1,995    
Universal City Development Partners, Ltd. New Term Loan B
    5.500       11/06/14       2,008,700  
       
 
                     
       
 
                    46,933,608  
       
 
                     
       
 
                       
       
Farming & Agriculture 0.6%
                       
  3,677    
WM. Bolthouse Farms, Inc. New First Lien Term Loan
    5.500       02/11/16       3,706,151  
  1,773    
WM. Bolthouse Farms, Inc. New Second Lien Term Loan
    9.500       08/11/16       1,789,901  
       
 
                     
       
 
                    5,496,052  
       
 
                     
       
 
                       
       
Finance 8.7%
                       
  3,091    
American General Finance Corp. Term Loan B
    7.250       04/21/15       3,100,182  
  176    
Fidelity National Information Solutions, Inc. Term Loan C
    4.506       01/18/12       177,862  
  9,197    
First Data Corp. Term Loan B1
    3.014       09/24/14       8,291,673  
  13,432    
First Data Corp. Term Loan B2
    3.030       09/24/14       12,089,971  
  8,424    
First Data Corp. Term Loan B3
    3.032       09/24/14       7,585,167  
  4,331    
Grosvenor Capital Management Holdings, LLP Term Loan B
    2.250       12/05/13       3,984,644  
  5,531    
iPayment, Inc. Term Loan
    2.280       05/10/13       5,307,862  
  6,851    
LPL Holdings, Inc. Term Loan D
    2.040       06/28/13       6,683,630  
  2,402    
Metavante Corp. Term Loan B
    3.500       11/01/14       2,421,976  
  2,575    
National Processing Co. Group, Inc. Second Lien Term Loan
    10.750       09/29/14       2,353,980  
  5,683    
National Processing Co. Group, Inc. Term Loan B
    7.000       09/29/13       5,653,496  
  5,740    
Nuveen Investments, Inc. Term Loan
    3.320       11/13/14       5,263,520  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Finance (continued)
                       
$ 4,273    
Oxford Acquisition III, Ltd., U.S. Term Loan (United Kingdom)
    2.063 %     05/12/14     $ 3,984,836  
  2,523    
RJO Holdings Corp. Second Lien Term Loan (b)
    9.010       07/13/15       264,915  
  4,785    
RJO Holdings Corp. Term Loan B (b)
    5.260       07/12/14       3,238,177  
  3,269    
Transfirst Holdings, Inc. Second Lien Term Loan (b)
    7.040       06/15/15       2,765,023  
  2,917    
Transfirst Holdings, Inc. Term Loan B
    3.040       06/15/14       2,764,331  
       
 
                     
       
 
                    75,931,245  
       
 
                     
       
 
                       
       
Grocery 0.8%
                       
  7,159    
Roundy’s Supermarkets, Inc. Extended Term Loan
    5.810       11/03/13       7,225,715  
       
 
                     
       
 
                       
       
Health & Beauty 1.0%
                       
  1,840    
American Safety Razor Co. First Lien Term Loan
    6.750       07/31/13       1,708,541  
  2,845    
American Safety Razor Co. Second Lien Term Loan
    10.500       01/30/14       1,683,388  
  1,566    
Marietta Intermediate Holdings Corp. Term Loan B (b)
    8.250       02/19/15       1,440,429  
  4,094    
Philosophy, Inc. Term Loan B
    2.030       03/16/14       3,832,598  
       
 
                     
       
 
                    8,664,956  
       
 
                     
       
 
                       
       
Healthcare 15.6%
                       
  1,907    
American Medical Systems, Inc. Term Loan
    2.500       07/20/12       1,877,911  
  3,710    
Capella Healthcare, Inc. First Lien Term Loan
    5.750       03/02/15       3,709,882  
  3,829    
Catalent Pharma Solutions, Inc. Dollar Term Loan
    2.513       04/10/14       3,652,265  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Healthcare (continued)
                       
$ 1,132    
Community Health Systems, Inc. Delayed Draw Term Loan
    2.502 %     07/25/14     $ 1,101,655  
  22,595    
Community Health Systems, Inc. Term Loan
    2.502       07/25/14       21,995,102  
  5,208    
DSI Renal, Inc. Term Loan (b)
    9.000       03/31/13       5,117,097  
  4,099    
Fresenius SE, Term Loan C1 (Germany)
    4.500       09/10/14       4,148,744  
  2,474    
Fresenius SE, Term Loan C2 (Germany)
    4.500       09/10/14       2,504,387  
  428    
Genoa Healthcare Group, LLC Term Loan B
    5.500       08/10/12       417,361  
  12,932    
HCA, Inc. Extended Term Loan B2
    3.540       03/31/17       12,864,260  
  1,098    
HCA, Inc. Term Loan A
    1.790       11/16/12       1,066,814  
  5,392    
HCA, Inc. Term Loan B
    2.540       11/18/13       5,254,381  
  4,281    
HCR Healthcare, LLC Term Loan B
    2.773       12/22/14       4,217,148  
  10,484    
Health Management Associates, Inc. Term Loan B
    2.040       02/28/14       10,172,296  
  672    
HealthSouth Corp. Extended Term Loan B
    4.010       09/10/15       672,605  
  817    
HealthSouth Corp. Term Loan B
    2.510       03/11/13       803,779  
  6,076    
IMS Health Inc. Term Loan B
    5.250       02/26/16       6,123,125  
  10,698    
Inverness Medical Innovations, Inc. First Lien Term Loan
    2.270       06/26/14       10,529,015  
  4,060    
Multiplan, Inc. Incremental Term Loan
    6.000       04/12/13       4,071,371  
  4,321    
Multiplan, Inc. Term Loan B
    3.563       04/12/13       4,256,025  
  4,531    
Multiplan, Inc. Term Loan C
    3.563       04/12/13       4,463,451  
  5,312    
Rehabcare Group, Inc. Term Loan B
    6.000       11/24/15       5,345,688  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Healthcare (continued)
                       
$ 1,865    
Select Medical Corp. Term Loan B
    2.251 %     02/24/12     $ 1,808,943  
  2,264    
Skilled Healthcare Group, Inc. Term Loan B (f)
    5.250       04/08/16       2,269,716  
  402    
Sun Healthcare Group, Inc. Synthetic Letter of Credit
    2.290       04/21/14       388,218  
  1,796    
Sun Healthcare Group, Inc. Term Loan B
    2.350       04/21/14       1,733,153  
  10,185    
Surgical Care Affiliates, LLC Term Loan
    2.290       12/29/14       9,828,783  
  822    
United Surgical Partners, International Inc. Delayed Draw Term Loan
    2.270       04/21/14       798,525  
  4,991    
United Surgical Partners, International Inc. Term Loan B
    2.290       04/19/14       4,847,527  
       
 
                     
       
 
                    136,039,227  
       
 
                     
       
 
                       
       
Home & Office Furnishings, Housewares & Durable Consumer Products 0.8%
                       
  1,000    
Hunter Fan Co. Second Lien Term Loan
    7.000       10/16/14       622,500  
  167    
Hunter Fan Co. Revolving Credit Agreement (f)
    1.840       04/16/13       141,667  
  1,107    
Hunter Fan Co. Term Loan
    2.760       04/16/14       1,009,336  
  2,577    
Mattress Holdings Corp. Term Loan B
    2.690       01/18/14       2,141,298  
  3,423    
National Bedding Co. LLC Second Lien Term Loan
    5.313       02/28/14       3,183,753  
       
 
                     
       
 
                    7,098,554  
       
 
                     
       
 
                       
       
Hotels, Motels, Inns & Gaming 7.0%
                       
  1,250    
BLB Worldwide Holdings, Inc. Second Lien Term Loan (d)
    6.500       07/18/12       75,000  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Hotels, Motels, Inns & Gaming (continued)
                       
$ 6,381    
BLB Worldwide Holdings, Inc. Term Loan B (b)
    4.750 %     07/18/11     $ 4,583,742  
  500    
Cannery Casino Resorts, LLC Second Lien Term Loan
    4.509       05/16/14       422,500  
  2,494    
Cannery Casino Resorts, LLC Delayed Draw Term Loan
    4.501       05/20/13       2,330,748  
  589    
Cannery Casino Resorts, LLC Revolving Credit Agreement (f)
    2.780       05/18/12       503,284  
  3,017    
Cannery Casino Resorts, LLC Term Loan B
    4.509       05/18/13       2,818,843  
  3,223    
CCM Merger, Inc. Term Loan B
    8.500       07/13/12       3,197,966  
  1,981    
Golden Nugget, Inc. New Delayed Draw Term Loan (b)
    3.270       06/30/14       1,548,706  
  3,481    
Golden Nugget, Inc. Term Loan B (b)
    3.280       06/30/14       2,720,756  
  36    
Greektown Casino, LLC Incremental Term Loan B (b)(d)(e)
    7.000       12/03/12       38,924  
  248    
Greektown Casino, LLC Term Loan B (b)(d)(e)
    7.000       12/03/12       270,574  
  499    
Harrah’s Operating Co., Inc. Incremental Term Loan B4
    9.500       10/31/16       518,804  
  11,469    
Harrah’s Operating Co., Inc. Term Loan B1
    3.316       01/28/15       10,108,692  
  6,351    
Harrah’s Operating Co., Inc. Term Loan B3
    3.320       01/28/15       5,581,639  
  802    
Isle Of Capri Casinos, Inc. New Delayed Draw Term Loan A
    5.000       11/25/13       785,459  
  912    
Isle Of Capri Casinos, Inc. New Delayed Draw Term Loan B
    5.000       11/25/13       893,074  
  2,280    
Isle Of Capri Casinos, Inc. New Term Loan B
    5.000       11/25/13       2,232,684  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Hotels, Motels, Inns & Gaming (continued)
                       
$ 2,461    
Las Vegas Sands, LLC/Venetian Casino Delayed Draw Term Loan
    2.050 %     05/23/14     $ 2,330,620  
  7,521    
Las Vegas Sands, LLC/Venetian Casino Term Loan B
    2.050       05/23/14       7,123,424  
  1,222    
Magnolia Hill, LLC Delayed Draw Term Loan
    3.516       10/30/13       1,100,168  
  3,479    
Magnolia Hill, LLC Term Loan
    3.530       10/30/13       3,131,248  
  2,529    
MGM Mirage Class D Term Loan
    6.000       10/03/11       2,489,090  
  176    
Venetian Macau, Ltd. Delayed Draw Term Loan B
    4.800       05/25/12       173,512  
  3,409    
Venetian Macau, Ltd. New Project Term Loan
    4.800       05/27/13       3,361,833  
  2,302    
Venetian Macau, Ltd. Term Loan B
    4.800       05/27/13       2,273,325  
       
 
                     
       
 
                    60,614,615  
       
 
                     
       
 
                       
       
Insurance 3.5%
                       
  3,884    
Alliant Holdings I, Inc. Term Loan B
    3.290       08/21/14       3,723,388  
  7,007    
AmWins Group, Inc. First Lien Term Loan
    2.770       06/08/13       6,574,450  
  595    
Applied Systems, Inc. Term Loan
    2.773       09/26/13       570,842  
  2,335    
Audatex North America, Inc. Term Loan C
    2.063       05/16/14       2,300,880  
  2,324    
Conseco, Inc. New Term Loan
    7.500       10/10/13       2,268,551  
  825    
HMSC Corp. Second Lien Term Loan
    5.838       10/03/14       554,812  
  3,897    
Mitchell International, Inc. Second Lien Term Loan
    5.563       03/30/15       3,321,923  
  4,991    
USI Holdings Corp. Term Loan
    3.050       05/05/14       4,660,334  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Insurance (continued)
                       
$ 1,450    
Vertafore, Inc. Second Lien Term Loan
    6.252 %     01/31/13     $ 1,363,000  
  5,324    
Vertafore, Inc. Term Loan B2
    5.500       07/31/14       5,177,363  
       
 
                     
       
 
                    30,515,543  
       
 
                     
       
 
                       
       
Machinery 1.8%
                       
  3,912    
Baldor Electric Co. Term Loan B
    5.250       01/31/14       3,938,893  
  3,250    
Bucyrus International, Inc. Term Loan
    4.500       02/19/16       3,276,104  
  4,815    
Goodman Global, Inc. Term Loan B
    6.250       02/13/14       4,838,126  
  1,500    
Manitowoc Co., Inc. Term Loan B
    4.813       11/06/14       1,505,894  
  2,918    
Mold-Masters Luxembourg Holdings, SA Mold Masters Term Loan
    3.875       10/11/14       2,407,395  
       
 
                     
       
 
                    15,966,412  
       
 
                     
       
 
                       
       
Medical Products & Services 2.2%
                       
  6,680    
Biomet, Inc. Term Loan B
    3.280       03/25/15       6,598,586  
  7,643    
Carestream Health, Inc. First Lien Term Loan
    2.273       04/30/13       7,453,073  
  4,842    
DJO Finance, LLC New Term Loan B
    3.273       05/20/14       4,723,058  
  407    
Orthofix Holdings, Inc. Term Loan
    6.750       09/22/13       406,764  
       
 
                     
       
 
                    19,181,481  
       
 
                     
       
 
                       
       
Mining, Steel, Iron & Non-Precious Metals 0.0%
                       
  404    
John Maneely Co. Term Loan
    3.550       12/09/13       389,122  
       
 
                     
       
 
                       
       
Natural Resources 0.8%
                       
  1,000    
Dresser, Inc. Second Lien Term Loan
    6.000       05/04/15       973,000  
  5,000    
Dresser, Inc. Term Loan
    2.500       05/04/14       4,877,330  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Natural Resources (continued)
                       
$ 1,458    
Targa Resources, Inc. New Term Loan
    6.000 %     07/05/16     $ 1,465,184  
       
 
                     
       
 
                    7,315,514  
       
 
                     
       
 
                       
       
Non-Durable Consumer Products 3.1%
                       
  3,732    
Amscan Holdings, Inc. New Term Loan
    2.534       05/25/13       3,591,579  
  5,246    
Huish Detergents, Inc. Term Loan B
    2.030       04/26/14       5,140,955  
  397    
KIK Custom Products, Inc. Canadian Term Loan
    2.570       06/02/14       348,538  
  2,314    
KIK Custom Products, Inc. First Lien Term Loan
    2.570       06/02/14       2,033,141  
  4,000    
KIK Custom Products, Inc. Second Lien Term Loan
    5.316       11/30/14       2,640,000  
  9,369    
Spectrum Brands, Inc. Dollar Term Loan
    8.000       06/29/12       9,371,066  
  479    
Spectrum Brands, Inc. Letter of Credit
    8.000       06/29/12       478,769  
  3,236    
Yankee Candle Co., Inc. Term Loan B
    2.280       02/06/14       3,182,612  
       
 
                     
       
 
                    26,786,660  
       
 
                     
       
 
                       
       
Paper & Forest Products 1.2%
                       
  2,400    
Ainsworth Lumber Co., Ltd. Term Loan
    5.313       06/26/14       2,208,000  
  995    
Georgia Pacific Corp. New Term Loan B
    2.270       12/21/12       990,362  
  638    
Georgia Pacific Corp. New Term Loan C
    3.530       12/23/14       640,131  
  1,736    
Tidi Products, LLC Term Loan A (a)
    3.250       12/29/11       1,704,297  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Paper & Forest Products (continued)
                       
$ 413    
Tidi Products, LLC Term Loan B (a)
    4.754 %     06/29/12     $ 404,869  
  414    
Verso Paper Holding, LLC Term Loan (b)
    6.570       02/01/13       345,470  
  125    
White Birch Paper Co. DIP Delayed Draw Term Loan (Canada) (f)
    4.770       12/01/10       124,763  
  1,296    
White Birch Paper Co. DIP Term Loan B (Canada)
    12.000       12/01/10       1,296,970  
  5,886    
White Birch Paper Co. First Lien Term Loan (Canada) (b)(d)
    7.000       05/08/14       2,377,776  
       
 
                     
       
 
                    10,092,638  
       
 
                     
       
 
                       
       
Pharmaceuticals 2.4%
                       
  6,933    
Mylan Laboratories, Inc. Term Loan B
    3.563       10/02/14       6,935,375  
  125    
Nyco Holdings 2 ApS Term Loan A (Denmark)
    1.790       12/29/13       117,333  
  2,228    
Nyco Holdings 2 ApS Term Loan B2 (Denmark)
    2.540       12/29/14       2,095,472  
  2,228    
Nyco Holdings 2 ApS Term Loan C2 (Denmark)
    3.290       12/29/15       2,095,472  
  639    
Nyco Holdings 3 ApS Facility A2 (Denmark)
    1.790       12/29/13       601,246  
  20    
Nyco Holdings 3 ApS Facility A3 (Denmark)
    1.790       12/29/13       18,894  
  13    
Nyco Holdings 3 ApS Facility A4 (Denmark)
    1.790       12/29/13       12,035  
  90    
Nyco Holdings 3 ApS Facility A5 (Denmark)
    1.790       12/29/13       85,101  
  1,545    
Warner Chilcott, LLC Incremental Term Loan
    5.750       04/30/15       1,549,598  
  2,964    
Warner Chilcott, LLC Term Loan A
    5.500       10/30/14       2,972,274  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Pharmaceuticals (continued)
                       
$ 1,517    
Warner Chilcott, LLC Term Loan B1
    5.750 %     04/30/15     $ 1,521,630  
  2,526    
Warner Chilcott, LLC Term Loan B2
    5.750       04/30/15       2,533,790  
       
 
                     
       
 
                    20,538,220  
       
 
                     
       
 
                       
       
Printing & Publishing 4.8%
                       
  789    
Affiliated Media New Term Loan
    8.250       03/19/14       743,382  
  4,018    
Cygnus Business Media, Inc. Term Loan (h)
    9.750       06/30/13       3,977,858  
  1,787    
Dex Media West, LLC New Term Loan
    7.500       10/24/14       1,703,217  
  5,000    
Endurance Business Media, Inc. Second Lien Term Loan (a)(d)
    11.250       01/26/14       0  
  6,260    
Endurance Business Media, Inc. Term Loan (d)
    4.750       07/26/13       1,564,993  
  1,650    
F&W Publications, Inc. Second Lien Term Loan (d)
    6.500       02/05/13       24,750  
  9,973    
F&W Publications, Inc. Term Loan B (d)
    6.500       08/05/12       5,235,927  
  2,896    
GateHouse Media, Inc. Delayed Draw Term Loan
    2.260       08/28/14       1,433,430  
  4,514    
GateHouse Media, Inc. Term Loan B
    2.280       08/28/14       2,234,193  
  1,000    
Knowledgepoint360 Group, LLC Second Lien Term Loan
    7.250       04/13/15       610,000  
  581    
Knowledgepoint360 Group, LLC First Lien Term Loan
    3.500       04/14/14       435,398  
  1,670    
MC Communications, LLC Term Loan (b)
    6.750       12/31/12       1,002,251  
  3,271    
Merrill Communications, LLC Second Lien Term Loan (b)
    14.754       11/15/13       2,780,651  
  5,338    
Network Communications, Inc. Term Loan
    2.420       11/30/12       3,709,615  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Printing & Publishing (continued)
                       
$ 453    
Proquest CSA, LLC Term Loan
    2.780 %     02/09/14     $ 429,533  
  493    
SuperMedia, Inc. Exit Term Loan
    11.000       12/31/15       463,004  
  26,984    
Tribune Co. Bridge Loan (d)(e)
    8.250       12/20/15       640,868  
  8,662    
Tribune Co. Term Loan B (d)(e)
    5.250       06/04/14       5,827,997  
  2,330    
West Corp., Term Loan Term Loan B2
    2.640       10/24/13       2,277,562  
  6,231    
Yell Group PLC New Term Loan B1 (United Kingdom)
    4.023       07/31/14       5,195,220  
  1,690    
Yell Group PLC New Term Loan A3 (United Kingdom)
    3.773       04/30/14       1,413,509  
       
 
                     
       
 
                    41,703,358  
       
 
                     
       
 
                       
       
Restaurants & Food Service 2.5%
                       
  4,272    
Advantage Sales & Marketing, Inc. Term Loan
    2.260       03/29/13       4,272,059  
  344    
Aramark Corp. Extended Letter of Credit
    3.542       07/26/16       342,018  
  5,224    
Aramark Corp. Extended Term Loan B
    3.540       07/26/16       5,200,603  
  193    
Aramark Corp. Synthetic Letter of Credit
    2.167       01/27/14       190,131  
  2,900    
Aramark Corp. Term Loan
    2.165       01/27/14       2,853,850  
  2,721    
Center Cut Hospitality, Inc. Term Loan
    9.250       07/06/14       2,584,691  
  3,969    
NPC International, Inc. Term Loan B
    2.050       05/03/13       3,859,972  
  358    
Volume Services America, Inc. Revolving Credit Agreement (f)
    4.310       12/31/12       358,140  
  2,500    
Volume Services America, Inc. Term Loan
    9.250       12/31/12       2,499,927  
       
 
                     
       
 
                    22,161,391  
       
 
                     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Retail — Oil & Gas 1.0%
                       
$ 931    
The Pantry, Inc. Delayed Draw Term Loan B
    2.030 %     05/15/14     $ 896,387  
  3,232    
The Pantry, Inc. Term Loan B
    2.030       05/15/14       3,113,345  
  4,323    
Pilot Travel Centers LLC Term Loan B (l)
        04/30/16       4,361,177  
       
 
                     
       
 
                    8,370,909  
       
 
                     
       
 
                       
       
Retail — Stores 3.5%
                       
  2,000    
CDW Corp. Term Loan
    4.338       10/10/14       1,871,072  
  6,186    
Dollar General Corp. Term Loan B-1
    3.060       07/07/14       6,107,914  
  7,402    
General Nutrition Centers, Inc. Term Loan B
    2.540       09/16/13       7,209,748  
  3,699    
Guitar Center, Inc. Term Loan B
    3.770       10/09/14       3,462,555  
  6,032    
Rite Aid Corp. Term Loan 3
    6.000       06/04/14       5,969,343  
  2,970    
Sally Holdings, Inc. Term Loan B
    2.520       11/15/13       2,939,660  
  3,129    
Savers, Inc. Term Loan B
    5.750       03/11/16       3,148,655  
       
 
                     
       
 
                    30,708,947  
       
 
                     
       
 
                       
       
Telecommunications — Equipment & Services 0.5%
                       
  4,887    
Avaya, Inc. Term Loan
    3.002       10/24/14       4,487,993  
       
 
                     
       
 
                       
       
Telecommunications — Local Exchange Carriers 1.5%
                       
  3,084    
Global Tel*Link Corp. Term Loan B (f)
    6.000       03/02/16       3,091,345  
  1,820    
Intelsat Corp. Term Loan B-2-A
    2.792       01/03/14       1,788,138  
  1,820    
Intelsat Corp. Term Loan B-2-B
    2.792       01/03/14       1,787,589  
  1,820    
Intelsat Corp. Term Loan B-2-C
    2.792       01/03/14       1,787,590  
  819    
Orius Corp., LLC Term Loan A (a)(c)(d)(e)(g)
    6.750       01/23/09       13,185  
  607    
Orius Corp., LLC Term Loan B1 (a)(c)(d)(e)(g)
    7.250       01/23/10       9,769  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Telecommunications — Local Exchange Carriers (continued)
                       
$ 5,094    
Sorenson Communications, Inc. Term Loan C
    6.000 %     08/16/13     $ 4,996,680  
       
 
                     
       
 
                    13,474,296  
       
 
                     
       
 
                       
       
Telecommunications — Long Distance 0.7%
                       
  1,417    
Level 3 Communications, Inc. Add on Term Loan
    11.500       03/13/14       1,552,135  
  4,600    
Level 3 Communications, Inc. Term Loan A
    2.548       03/13/14       4,316,815  
       
 
                     
       
 
                    5,868,950  
       
 
                     
       
 
                       
       
Telecommunications — Wireless 2.2%
                       
  6,738    
Asurion Corp. First Lien Term Loan
    3.250       07/03/14       6,670,839  
  3,618    
CommScope, Inc. Term Loan B
    2.790       12/26/14       3,607,798  
  736    
MetroPCS Wireless, Inc. Term Loan B
    2.520       11/04/13       720,628  
  7,782    
NTELOS, Inc. Term Loan B
    5.750       08/07/15       7,835,083  
       
 
                     
       
 
                    18,834,348  
       
 
                     
       
 
                       
       
Textiles & Leather 1.9%
                       
  3,022    
Gold Toe Investment Corp. First Lien Term Loan B
    8.500       10/30/13       2,939,252  
  2,750    
Gold Toe Investment Corp. Second Lien Term Loan
    11.750       04/30/14       2,365,000  
  3,906    
HanesBrands, Inc. New Term Loan
    5.250       12/10/15       3,954,694  
  4,850    
Levi Strauss & Co. Term Loan
    2.513       03/27/14       4,668,086  
  2,850    
Varsity Brands, Inc. Term Loan B
    3.063       02/22/14       2,550,866  
       
 
                     
       
 
                    16,477,898  
       
 
                     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Transportation — Cargo 0.2%
                       
$ 927    
Cardinal Logistics Management, Inc. First Lien Term Loan (b)
    12.500 %     09/23/13     $ 741,697  
  908    
JHCI Acquisitions, Inc. First Lien Term Loan
    2.780       06/19/14       834,173  
       
 
                     
       
 
                    1,575,870  
       
 
                     
       
 
                       
       
Transportation — Personal 0.2%
                       
  1,981    
Avis Budget Car Rental, LLC New Term Loan
    5.750       04/19/14       1,981,158  
       
 
                     
       
 
                       
       
Utilities 10.1%
                       
  1,585    
Bicent Power, LLC First Lien Term Loan B
    2.300       06/30/14       1,499,614  
  4,842    
BRSP, LLC Term Loan B
    7.500       06/04/14       4,853,891  
  25,770    
Calpine Corp. First Priority Term Loan
    3.165       03/29/14       24,893,879  
  5,500    
Firstlight Power Resources, Inc. Second Lien Term Loan
    4.813       05/01/14       5,060,000  
  534    
Firstlight Power Resources, Inc. Synthetic Letter of Credit
    2.813       11/01/13       518,998  
  5,159    
Firstlight Power Resources, Inc. Term Loan B
    2.813       11/01/13       5,016,926  
  2,567    
Longview Power, LLC Delayed Draw Term Loan
    2.563       02/28/14       2,337,805  
  733    
Longview Power, LLC Synthetic Letter of Credit
    2.563       02/28/14       667,944  
  2,200    
Longview Power, LLC Term Loan B
    2.563       02/28/14       2,003,833  
  187    
Mach Gen, LLC Letter of Credit
    2.540       02/22/13       174,611  
  5,203    
NRG Energy, Inc. Synthetic Letter of Credit
    2.040       12/09/13       5,110,006  
  7,889    
NRG Energy, Inc. Term Loan
    2.000       12/09/13       7,748,836  
  254    
NSG Holdings, LLC Letter of Credit
    1.757       06/15/14       246,786  

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Principal                        
Amount                        
(000)     Borrower   Coupon     Stated Maturity*     Value  
 
       
Utilities (continued)
                       
$ 1,241    
NSG Holdings, LLC Term Loan
    1.757 %     06/15/14     $ 1,203,445  
  4,516    
Primary Energy Operations, LLC New Term Loan
    6.500       10/23/14       4,448,359  
  7,463    
Texas Competitive Electric Holdings Co., LLC Delayed Draw Term Loan
    3.750       10/10/14       6,063,751  
  5,691    
Texas Competitive Electric Holdings Co., LLC Term Loan B2
    3.750       10/10/14       4,680,813  
  1,975    
Texas Competitive Electric Holdings Co., LLC Term Loan B3
    3.752       10/10/14       1,614,029  
  4,700    
TPF Generation Holdings, LLC Second Lien Term Loan C
    4.540       12/15/14       4,362,775  
  828    
TPF Generation Holdings, LLC Synthetic Letter of Credit
    2.290       12/13/13       804,772  
  260    
TPF Generation Holdings, LLC Synthetic Revolving Credit Agreement
    2.290       12/15/11       252,279  
  2,091    
TPF Generation Holdings, LLC Term Loan B
    2.290       12/15/13       2,032,458  
  2,173    
USPF Holdings, LLC Term Loan
    2.013       04/11/14       2,158,927  
       
 
                     
       
 
                    87,754,737  
       
 
                     
       
Total Variable Rate Senior Loan Interests 149.0%
                    1,298,796,857  
       
 
                     
                                 
Par                        
Amount                        
(000)     Borrower   Coupon     Maturity     Value  
 
       
Notes 3.1%
                       
       
Chemicals, Plastics & Rubber 0.1%
                       
  1,103    
Wellman, Inc. (a)(b)
    5.000 %     01/29/19     $ 1,103,049  
       
 
                     
       
 
                       
       
Construction Material 0.9%
                       
  5,063    
Builders FirstSource, Inc. (i)
    13.000       02/15/16       5,252,863  
  2,700    
Compression Polymers Corp. (i)
    7.180       07/01/12       2,605,500  
       
 
                     
       
 
                    7,858,363  
       
 
                     
       
 
                       
       
Containers, Packaging & Glass 0.2%
                       
  1,900    
Berry Plastics Group, Inc. (i)
    5.053       02/15/15       1,866,750  
       
 
                     
       
 
                       
       
Ecological 0.1%
                       
  560    
Environmental Systems Products Holdings, Inc.
    18.000       03/31/15       560,083  
       
 
                     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
                                 
Par                        
Amount                        
(000)     Borrower   Coupon     Maturity     Value  
 
       
Healthcare 0.8%
                       
$ 6,167    
Apria Healthcare Group Inc.
    11.250 %     11/01/14     $ 6,806,458  
       
 
                     
       
 
                       
       
Hotels, Motels, Inns & Gaming 0.2%
                       
  2,000    
Wynn Las Vegas LLC
    7.875       05/01/20       2,027,500  
       
 
                     
       
 
                       
       
Non-Durable Consumer Products 0.1%
                       
  677    
Targus Group International, Inc. (a)
    10.000       12/15/15       659,903  
       
 
                     
       
 
                       
       
Paper & Forest Products 0.2%
                       
  1,500    
Verso Paper Holding, LLC (i)
    3.999       08/01/14       1,372,500  
       
 
                     
       
 
                       
       
Telecommunications — Local Exchange Carriers 0.5%
                       
  4,500    
Qwest Corp. (i)
    3.507       06/15/13       4,590,000  
       
 
                     
       
 
                       
       
Total Notes 3.1%
                    26,844,606  
       
 
                     
       
Description   Value
 
Equities 0.9%
     
Axia Acquisition Holding, Inc. (595 common shares, Acquired 04/21/10, Cost $2,673,763) (h) (j) (k)
  $ 1,491,652
Building Materials Holdings Corp. (923,526 common shares, Acquired 01/11/10, Cost $1,406,020) (j) (k)
    738,821
Comdisco Holdings Co., Inc. (7 common shares, Acquired 09/04/08, Cost $68) (j) (k)
    64
CTM Media Holdings, Inc. (2,544 common shares, Acquired 09/19/09, Cost $35,444) (k)
    6,231
Cumulus Media, Inc. (Warrants for 7,614 common shares, Expiration date 06/29/19, Acquired 01/14/10, Cost $0) (a) (j) (k)
    28,247
Cygnus Business Media, Inc. (5,882 common shares, Acquired 09/29/09, Cost $1,251,821) (a) (h) (j) (k)
    0
Environmental Systems Products Holdings, Inc. (9,333 common shares, Acquired 09/27/07, Cost $0) (a) (j) (k)
    0
Environmental Systems Products Holdings, Inc. (4,275 preferred shares, Acquired 09/27/07, Cost $106,875) (j) (k)
    32,686
Euramax International Inc. (4,207 common shares, Acquired 07/09/09, Cost $4,543,100) (j) (k)
    757,278
Generation Brands, LLC (4,863 common shares, Acquired 01/26/10, Cost $0) (a) (j) (k)
    0
IAP Worldwide Services, Inc. (Warrants for 17,576 common shares, Expiration date 06/11/15, Acquired 06/18/08, Cost $0) (a) (j) (k)
    0
IAP Worldwide Services, Inc. (Warrants for 39,841 common shares, Expiration date 06/12/15, Acquired 06/18/08, Cost $0) (a) (j) (k)
    0

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
         
Description   Value  
 
Equities (continued)
       
IDT Corp. (7,632 common shares, Acquired 01/30/04, Cost $0)(k)
  $ 75,633  
MC Communications, LLC (333,084 common shares, Acquired 07/02/09, Cost $0) (a) (j) (k)
    0  
Media News Group, Inc. (46,746 common shares, Acquired 03/29/10, Cost $3,069,828) (k)
    747,930  
Mega Brands, Inc. (Canada) (553,671 common shares, Acquired 03/31/10, Cost $1,627,958) (k)
    288,881  
Marietta Intermediate Holdings Corp. (2,023,400 common shares, Acquired 04/22/10, Cost $48,742) (a) (h) (j) (k)
    749,063  
Marietta Intermediate Holdings Corp. (Warrants for 247,917 common shares, Acquired 03/17/10, Cost $0) (a) (j) (k)
    0  
Newhall Holding Co., LLC (343,321 common shares, Acquired 08/24/09, Cost $3,096,884) (k)
    643,727  
Safelite Realty (28,448 common shares, Acquired 10/20/00, Cost $0) (a) (j) (k)
    0  
SuperMedia, Inc. (2,333 common shares, Acquired 01/07/10, Cost $179,917) (k)
    104,752  
Targus Group International, Inc. (27,462 common shares, Acquired 12/16/09, Cost $0) (a) (j) (k)
    0  
True Temper Sports, Inc. (121,429 common shares, Acquired 12/17/09, Cost $4,287,500) (a) (j) (k)
    850,003  
Vitruvian Exploration, LLC (40,110 common shares, Acquired 10/19/09, Cost $1,717,401) (k)
    421,155  
WCI Communities, Inc. (6,756 common shares, Acquired 09/23/09, Cost $759,755) (k)
    574,260  
Wellman, Inc. (1,048 common shares, Acquired 02/12/09 & 06/16/09, Cost $2,941,862) (a) (k)
    344,970  
 
     
Total Equities 0.9%
    7,855,353  
 
     
 
       
Total Long-Term Investments 153.0%
(Cost $1,497,224,378)
    1,333,496,816  
 
       
Time Deposit 0.3%
       
State Street Bank & Trust Co. ($2,554,699 par, 0.01% coupon, dated 04/30/10, to be sold on 05/03/10 at $2,554,701) (Cost $2,554,699)
    2,554,699  
 
     
 
       
Total Investments 153.3%
(Cost $1,499,779,077)
    1,336,051,515  
 
       
Borrowings (29.6%)
    (258,000,000 )
 
       
Preferred Shares (including accrued distributions) (23.0%)
    (200,029,326 )
 
       
Liabilities in Excess of Other Assets (0.7%)
    (6,570,784 )
 
     
 
       
Net Assets 100.0%
  $ 871,451,405  
 
     

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
 
Percentages are calculated as a percentage of net assets.
 
(a)   Market value is determined in accordance with procedures established in good faith by the Board of Trustees.
 
(b)   All or a portion of this security is payment-in-kind.
 
(c)   This borrower is currently in liquidation.
 
(d)   This Senior Loan interest is non-income producing.
 
(e)   This borrower has filed for protection in federal bankruptcy court.
 
(f)   All or a portion of this holding is subject to unfunded loan commitments.
 
(g)   The borrower is in the process of restructuring or amending the terms of this loan.
 
(h)   Affiliated Company.
 
(i)   Variable rate security. Interest rate shown is that in effect at April 30, 2010.
 
(j)   Restricted security. Securities were acquired through the restructuring of senior loans. These securities are restricted as they are not allowed to be deposited via the Depository Trust Company. If at a later point in time, the company wishes to register, the issuer will bear the costs associated with registration.
 
(k)   Non-income producing security.
 
(l)   This floating rate interest will settle after April 30, 2010, at which time the interest rate will be determined.
 
*   Senior Loans in the Trust’s portfolio generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans in the Trust’s portfolio may occur. As a result, the actual remaining maturity of Senior Loans held in the Trust’s portfolio may be substantially less than the stated maturities shown. Although the Trust is unable to accurately estimate the actual remaining maturity of individual Senior Loans, the Trust estimates that the actual average maturity of the Senior Loans held in its portfolio will be approximately 18-24 months.
 
**   Senior Loans in which the Trust invests generally pay interest at rates which are periodically redetermined by reference to a base lending rate plus a premium. These base lending rates are generally (h) the lending rate offered by one or more major European banks, such as the London Inter-Bank Offered Rate (“LIBOR”), (ii) the prime rate offered by one or more major United States banks or (iii) the certificate of deposit rate. Senior Loans are generally considered to be restricted in that the Trust ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan.

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
Swap agreements outstanding as of April 30, 2010:
Credit Default Swaps
                                                     
            Pay/                                   Credit
            Receive           Notional                   Rating of
    Reference   Buy/Sell   Fixed   Expiration   Amount   Upfront           Reference
Counterparty   Entity   Protection   Rate   Date   (000)   Payments   Value   Entity *
Goldman Sachs International
  Calpine Corp.   Sell     5.000 %     03/20/11     $ 2,000     $ (65,000 )   $ 47,899     B
 
                                                   
Goldman Sachs International
 
Texas Competitive Electric Holdings Co. LLC
  Sell     2.850       06/20/10       5,000       0       4,129     B-
 
                                                   
Goldman Sachs International
 
Texas Competitive Electric Holdings Co. LLC
  Sell     5.000       06/20/10       3,000       (97,500 )     18,689     B-
 
                                                   
Goldman Sachs International
 
Texas Competitive Electric Holdings Co. LLC
  Sell     5.000       03/20/12       5,000       (112,500 )     (83,546 )   B-
                                 
Total Credit Default Swaps
                          $ 15,000     $ (275,000 )   $ (12,829 )    
                                 
 
*   Credit rating as issued by Standard and Poor’s (Unaudited).
Security Valuation The Trust’s Senior Loans and notes are valued by the Trust following valuation guidelines established and periodically reviewed by the Trust’s Board of Trustees. Under the valuation guidelines, Senior Loans and notes for which reliable market quotes are readily available are valued at the mean of such bid and ask quotes. Where reliable market quotes are not readily available, Senior Loans and notes are valued, where possible, using independent market indicators provided by independent pricing sources approved by the Board of Trustees. Other Senior Loans and notes are valued by independent pricing sources approved by the Board of Trustees based upon pricing models developed, maintained and operated by those pricing sources or valued by Van Kampen Asset Management (the “Adviser”) by considering a number of factors including consideration of market indicators, transactions in instruments which the Adviser believes may be comparable (including comparable credit quality, interest rate redetermination period and maturity), the credit worthiness of the Borrower, the current interest rate, the period until the next interest rate redetermination and the maturity of such Senior Loans. Consideration of comparable instruments may include commercial paper, negotiable certificates of deposit and short-term variable rate securities which have adjustment periods comparable to the Senior Loans in the Trust’s portfolio. The fair value of Senior Loans are reviewed and approved by the Trust’s Valuation Committee and Board of Trustees.

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
     Equity securities are valued on the basis of prices furnished by pricing services or at fair value as determined in good faith by the Adviser under the direction of the Board of Trustees.
     Credit default swaps are valued using quotations obtained from brokers. Short-term securities with remaining maturities of 60 days or less are valued at amortized cost, which approximates market value. Short-term loan participations are valued at cost in the absence of any indication of impairment.
          The Trust adopted the provisions of the FASB Staff Position Paper No. FAS 133-1 and FIN 45-4, Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No.45 (“FSP FAS 133-1 and FIN 45-4”), effective November 30, 2008. FSP FAS 133-1 and FIN 45-4 requires the seller of credit derivatives to provide additional disclosure about its credit derivatives.
          The Trust may enter into credit default swap contracts, a type of credit derivative, for hedging purposes or to gain exposure to a credit or index of credits in which the Trust may otherwise invest. A credit default swap is an agreement between two parties to exchange the credit risk of an issuer or index of issuers. A buyer of a credit default swap is said to buy protection by paying periodic fees in return for a contingent payment from the seller if the issuer has a credit event such as bankruptcy, a failure to pay outstanding obligations or deteriorating credit while the swap is outstanding. A seller of a credit default swap is said to sell protection and thus collects the periodic fees and profits if the credit of the issuer remains stable or improves while the swap is outstanding. The seller in a credit default swap contract would be required to pay an agreed-upon amount to the buyer in the event of an adverse credit event of the issuer. This agreed-upon amount approximates the notional amount of the swap as disclosed in the table following the Portfolio of Investments and is estimated to be the maximum potential future payment that the seller could be required to make under the credit default swap contract. In the event of an adverse credit event, the seller generally does not have any contractual remedies against the issuer or any other third party. However, if a physical settlement is elected, the seller would receive the defaulted credit and, as a result, become a creditor of the issuer.
          The current credit rating of each individual issuer is listed in the table following the Portfolio of Investments and serves as an indicator of the current status of the payment/performance risk of the credit derivative. Alternatively, for credit default swaps on an index of credits, the quoted market prices and current values serve as an indicator of the current status of the payment/performance risk of the credit derivative. Generally, lower credit ratings and increasing market values, in absolute terms, represent a deterioration of the credit and a greater likelihood of an adverse credit event of the issuer.
          Credit default swaps may involve greater risks than if a Trust had invested in the issuer directly. Credit default swaps are subject to general market risk, counterparty risk and credit risk. Swap agreements are not entered into or traded on exchanges and there is no central clearing or guaranty function for swaps. Therefore, swaps are subject to the risk of default or non-performance by the counterparty. If there is a default by the counterparty to a swap agreement, the Trust will have contractual remedies pursuant to the agreements related to the transaction. Counterparties are required to pledge collateral daily (based on the valuation of each swap) on behalf of the Trust with a value approximately equal to the amount of any unrealized gain. Reciprocally, when the Trust has an unrealized loss on a swap contract, the Trust has instructed the custodian to pledge cash or liquid securities as collateral with a value approximately equal to the amount of the unrealized loss. Collateral pledges are monitored and subsequently adjusted if and when the swap valuations fluctuate. Cash collateral is disclosed in the table following the Portfolio of Investments. For cash collateral received, the Trust pays a monthly fee to the counterparty based on the effective rate for federal funds.
Fair Value Measurements Financial Accounting Standards Board Accounting Standards Codification (ASC) 820, Fair Value Measurements and Disclosures (ASC 820) (formerly known as FAS 157), defines fair value as the price that the Trust would receive to sell an investment or pay to transfer a liability in an orderly transaction with an independent buyer in the principal market, or in the absence of a principal market the most advantageous market for the investment or liability. ASC 820 establishes a three-tier hierarchy to distinguish between (1) inputs that reflect the assumptions market participants would use in pricing an asset or liability developed based on market data obtained from sources independent of the reporting entity (observable inputs) and (2) inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing an asset or liability developed based on the best information available in the circumstances (unobservable inputs) and to establish classification of fair value measurements for disclosure purposes. Various inputs are used in determining the value of the Trust’s investments. The inputs are summarized in the three broad levels listed below.

 


 

Van Kampen Senior Income Trust
Portfolio of Investments — April 30, 2010 (Unaudited)
continued
Level 1 —   quoted prices in active markets for identical investments
Level 2 —   other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 —   significant unobservable inputs (including the Trust’s own assumptions in determining the fair value of investments)
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
The following is a summary of the inputs used as of April 30, 2010 in valuing the Trust’s investments carried at value.
                                 
    Level 1     Level 2     Level 3        
                    Significant        
            Other Significant     Unobservable        
Investments   Quoted Prices     Observable Inputs     Inputs     Total  
 
Investments in an Asset Position
                               
Variable Rate Senior Loan Interests
  $     $ 1,284,501,150     $ 14,295,707     $ 1,298,796,857  
Notes
          25,081,654       1,762,952       26,844,606  
Equities
                               
Broadcasting—Diversified
          28,247             28,247  
Buildings & Real Estate
    1,217,987                   1,217,987  
Chemicals, Plastics, and Rubber
                344,970       344,970  
Construction Material
    2,230,473                   2,230,473  
Diversified Manufacturing
    757,278                   757,278  
Ecological
          32,686             32,686  
Entertainment & Leisure
                850,003       850,003  
Finance
    64                   64  
Health & Beauty
          749,063             749,063  
Natural Resources
    421,155                   421,155  
Non-Durable Consumer Products
    288,881                   288,881  
Printing & Publishing
    852,682                   852,682  
Telecommunications—Local Exchange Carriers
    81,864                   81,864  
Time Deposit
          2,554,699             2,554,699  
Credit Default Swaps
          70,717             70,717  
Unfunded Commitments
          49,827             49,827  
 
                       
Total Investments in an Asset Position
  $ 5,850,384     $ 1,313,068,043     $ 17,253,632     $ 1,336,172,059  
 
                       
Investments in a Liability Position
                               
Credit Default Swaps
  $     $ (83,546 )   $     $ (83,546 )
Unfunded Commitments
          (5,216,513 )           (5,216,513 )
 
                       
Total Investments in a Liability Position
  $     $ (5,300,059 )   $     $ (5,300,059 )
 
                       
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining value:
                                                                 
    Investments in Loans and Securities  
                    Equities  
    Variable Rate             Chemicals,                     Hotels,                
    Senior Loan             Plastics &     Diversified     Entertainment &     Motels, Inns             Unfunded  
    Interests     Notes     Rubber     Manufacturing     Leisure     & Gaming     Total     Commitments  
                     
Balance as of 7/31/09
  $ 26,003,689     $ 1,048,000     $ 611,330     $ 214,562     $     $ 15,250     $ 27,892,831     $ (6,973 )
Accrued Discounts/Premiums
    3,541       38.00                               3,579        
Realized Gain/Loss
    (46,070,947 )                             54,880       (46,016,067 )      
Change in Unrealized Appreciation/Depreciation
    43,849,920       (1,521,742 )     (266,360 )     4,328,538       (3,437,497 )     (15,250 )     42,937,609       6,973  
Net Purchases/Sales
    3,773,467       2,236,656             (4,543,100 )     4,287,500       (54,880 )     5,699,643        
Net Transfers In and/or Out of Level 3*
    (13,263,963 )                                   (13,263,963 )      
 
                                               
Balance as of 4/30/10
  $ 14,295,707     $ 1,762,952     $ 344,970     $     $ 850,003     $     $ 17,253,632     $  
 
                                               
                     
Net Change in Unrealized Appreciation/Depreciation from Investments Still Held as of 4/30/10
                    $ 30,113,498     $  
 
                                                           
 
*   The value of Net Transfers In and/or Out of Level 3 was measured using the market value as of the beginning of the period for transfers in and the market value as of the end of the period for transfers out.

 


 

Item 2. Controls and Procedures.
  (a)   As of June 25, 2010, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of June 25, 2010, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.
 
  (b)   There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
      Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Registrant:  Invesco Van Kampen Senior Income Trust
         
By:
  /s/ Colin Meadows
 
Colin Meadows
   
 
  Principal Executive Officer    
 
       
Date:
  June 29, 2010    
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
         
By:
  /s/ Colin Meadows    
 
       
 
  Colin Meadows    
 
  Principal Executive Officer    
 
       
Date:
  June 29, 2010    
 
       
By:
  /s/ Sheri Morris
 
Sheri Morris
   
 
  Principal Financial Officer    
 
       
Date:
  June 29, 2010