UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-08743
Van Kampen Senior Income Trust
(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
(Address of principal executive offices) (Zip code)
Jerry W. Miller
522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)
Registrant's telephone number, including area code: 212-762-4000
Date of fiscal year end: 7/31
Date of reporting period: 4/30/08
Item 1. Schedule of Investments.
The Trust's schedule of investments as of the close of the reporting period
prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
VAN KAMPEN SENIOR INCOME TRUST
PORTFOLIO OF INVESTMENTS - APRIL 30, 2008 (UNAUDITED)
PRINCIPAL
AMOUNT STATED
(000) BORROWER COUPON MATURITY * VALUE
----------------------------------------------------------------------------------------------------------
VARIABLE RATE** SENIOR LOAN INTERESTS 179.7%
AEROSPACE/DEFENSE 2.9%
$ 9,660 Alion Science and
Technology Corp.,
Term Loan ................................... 7.33% 02/06/13 $ 7,969,754
2,756 Apptis, Inc., Term Loan ........................ 5.95
to
6.12 12/20/12 2,342,541
2,175 Atlantic Marine Services,
Term Loan ................................... 6.25
to
6.63 03/22/14 2,110,132
3,341 DeCrane Aircraft
Holdings, Inc., Term
Loan ........................................ 5.48 02/21/13 3,074,018
8,550 IAP Worldwide
Services, Inc., Term
Loan ........................................ 9.00 12/30/12
to to
14.50 06/30/13 6,902,217
4,696 ILC Industries, Inc.,
Term Loan ................................... 4.92 02/24/12 4,508,160
2,684 Primus International,
Inc., Term Loan ............................. 5.24 06/07/12 2,428,975
1,089 Tri-Star Electronics
International, Term
Loan ........................................ 5.70
to
7.85 02/02/13 990,990
4,559 Vangent, Inc., Term
Loan ........................................ 4.93
to
5.35 02/14/13 4,160,386
625 Wesco Aircraft
Hardware Corp., Term
Loan ........................................ 8.45 03/28/14 610,938
--------------
35,098,111
--------------
AUTOMOTIVE 5.6%
3,661 Accuride Corp., Term
Loan (a) .................................... 6.23
to
6.31 01/31/12 3,551,299
1,970 Acument Global
Technologies, Inc.,
Term Loan ................................... 6.20 08/11/13 1,832,100
3,000 Dana Corp., Term Loan .......................... 6.75 01/31/15 2,905,314
21,009 Ford Motor Co., Term
Loan ........................................ 5.80 12/15/13 19,358,164
3,403 Heartland Automotive
Holdings, Inc., Term
Loan (b) .................................... 7.75 02/27/12 2,381,896
8,952 MetoKote Corp., Term
Loan ........................................ 5.70
to
7.00 11/27/11 8,012,032
2,180 Navistar International
Corp., Revolving
Credit Agreement ............................ 5.90
to
6.15 01/19/12 2,042,387
5,995 Navistar International
Corp., Term Loan ............................ 6.15
to
6.29 01/19/12 5,616,566
611 Performance
Transportation
Services, Inc.,
Revolving Credit
Agreement (b) ............................... 10.32 01/26/12 504,477
420 Performance
Transportation
Services, Inc., Term
Loan (b) .................................... 9.25 01/26/12 346,421
6,948 Polypore, Inc., Term
Loan ........................................ 5.11 07/03/14 6,634,863
1,451 Precision Partners, Inc.,
Term Loan ................................... 9.20 10/27/13 1,276,896
7,374 Sensata Technologies,
Inc., Term Loan ............................. 4.65
to
4.66 04/27/13 6,734,632
2,000 United Components,
Inc., Term Loan ............................. 4.72
to
5.10 06/30/12 1,937,500
4,866 Veyance Technologies,
Inc., Term Loan ............................. 5.37
to
5.40 07/31/14 4,032,674
--------------
67,167,221
--------------
BANKING 1.0%
13,489 Dollar Financial Corp.,
Term Loan ................................... 5.45
to
5.70 10/30/12 11,870,381
--------------
BEVERAGE, FOOD & TOBACCO 13.8%
9,248 Advantage Sales &
Marketing, LLC, Term
Loan ........................................ 4.70
to
4.73 03/29/13 8,739,095
3,236 BE Foods Investments
Inc., Term Loan (c) ......................... 7.97 07/11/12 2,702,081
7,971 Birds Eye Foods, Inc., Term
Loan ........................................ 4.45 02/23/13
to to
5.09 03/22/13 7,617,019
8,452 Coleman Natural Foods,
LLC, Term Loan .............................. 8.50 08/22/12 7,282,773
3,550 Coleman Natural Foods,
LLC, Term Loan (c) .......................... 13.50 08/22/13 2,337,325
7,431 Culligan International
Co., Term Loan .............................. 4.95
to
5.13 11/24/12 5,517,680
4,925 DCI Cheese Co., Term
Loan ........................................ 5.95 08/07/13 4,457,125
38,849 Dole Food Co., Inc.,
Term Loan ................................... 4.71
to
6.00 04/12/13 36,299,697
10,933 DS Waters of America,
Inc., Term Loan ............................. 5.11 10/25/12 10,167,265
4,950 DSW Holdings, Inc.,
Term Loan ................................... 6.71 03/07/12 4,560,188
9,987 Farley's & Sathers
Candy Co., Inc., Term
Loan ........................................ 6.44 06/15/10
to to
12.91 03/24/11 9,487,545
5,910 FSB Holdings, Inc.,
Term Loan ................................... 4.94 09/29/13
to to
8.44 03/29/14 5,437,200
6,481 Michelina's, Inc., Term
Loan ........................................ 6.00
to
6.13 04/02/11 6,221,864
6,227 OSI Group, LLC, Term
Loan ........................................ 4.67 09/02/11 5,479,400
6,675 PBM Products, LLC,
Term Loan ................................... 5.37 09/29/12 6,157,299
8,608 Pierre Foods, Inc., Term
Loan ........................................ 6.97 06/30/10 5,337,089
37,502 Pinnacle Foods Finance,
LLC, Term Loan .............................. 5.42
to
5.45 04/02/14 35,079,944
280 Pinnacle Foods Group,
Inc., Revolving Credit
Agreement ................................... 6.75 04/02/13 231,000
1,093 Smart Balance, Inc.,
Term Loan ................................... 5.67 05/18/14 1,043,989
--------------
164,155,578
--------------
BROADCASTING - CABLE 6.7%
4,195 Cequel
Communications,
LLC, Term Loan .............................. 4.73
to
6.00 04/04/13 3,835,251
56,381 Charter
Communications
Operating, LLC, Term
Loan ........................................ 4.89 03/06/14
to to
5.17 09/06/14 49,651,040
746 CW Media Holdings,
Inc., (Canada) Term
Loan ........................................ 5.95 02/15/15 723,862
2,463 Discovery
Communications
Holding, LLC, Term
Loan ........................................ 4.70 05/14/14 2,391,522
7,402 Knology, Inc., Term
Loan ........................................ 4.93 06/30/12 6,772,487
11,172 MCC Iowa LLC, Term
Loan ........................................ 4.21 03/31/10
to to
4.65 01/31/15 10,177,115
2,370 Mediacom Illinois, LLC,
Term Loan ................................... 4.46
to
4.65 01/31/15 2,143,369
4,963 RCN Corp., Term Loan ........................... 5.00 05/25/14 4,342,187
--------------
80,036,833
--------------
BROADCASTING - DIVERSIFIED 1.4%
8,700 Alpha Topco, Ltd.,
(United Kingdom)
Term Loan (a) ............................... 7.09 12/31/13
to to
8.22 06/30/14 8,013,627
4,856 Cumulus Media, Inc.,
Term Loan ................................... 4.47
to
4.61 06/11/14 4,185,037
4,618 NEP II, Inc., Term Loan ........................ 4.95 02/16/14 4,193,174
--------------
16,391,838
--------------
BROADCASTING - RADIO 3.9%
5,000 Citadel Broadcasting
Corp., Term Loan ............................ 4.31
to
4.50 06/12/14 4,312,500
6,798 CMP KC, LLC, Term
Loan ........................................ 6.75 05/03/11 5,268,694
13,716 CMP Susquehanna
Corp., Term Loan ............................ 4.76
to
4.93 05/05/13 10,744,342
4,611 Emmis Operating Co.,
Term Loan ................................... 4.67 11/01/13 4,015,841
1,764 LBI Media, Inc., Term
Loan ........................................ 4.36 03/31/12 1,587,600
4,916 Multicultural Radio
Broadcasting, Inc.,
Term Loan ................................... 5.75 12/18/12
to to
8.75 06/18/13 4,633,235
8,067 NextMedia Operating,
Inc., Term Loan ............................. 6.72 11/15/12
to to
10.86 11/15/13 7,080,110
2,716 Regent Broadcasting,
LLC, Term Loan .............................. 4.95 11/21/13 2,369,383
7,368 Spanish Broadcasting
System, Inc., Term
Loan ........................................ 4.45 06/11/12 6,225,699
--------------
46,237,404
--------------
BROADCASTING - TELEVISION 5.0%
973 Barrington
Broadcasting, LLC,
Term Loan ................................... 4.95
to
5.32 08/12/13 923,905
4,146 NV Broadcasting, LLC,
Term Loan ................................... 6.08 11/01/13 3,627,604
3,632 Sunshine Acquisition,
Ltd., Term Loan ............................. 5.07 03/20/12 3,286,895
60,000 Univision
Communications, Inc.,
Term Loan ................................... 5.11 03/29/09
to to
5.36 09/29/14 51,266,175
--------------
59,104,579
--------------
BUILDINGS & REAL ESTATE 5.1%
2,421 California Coastal
Communities, Inc.,
Term Loan ................................... 5.50 09/15/11 2,323,968
2,500 El Ad IDB Las Vegas,
LLC, Term Loan .............................. 5.47 08/10/08 2,362,500
14,820 Ginn LA CS Borrower,
LLC, Term Loan .............................. 6.10
to
6.20 06/08/11 10,917,405
6,000 Ginn LA CS Borrower,
LLC, Term Loan (c) .......................... 10.20 06/08/12 3,150,000
5,351 Kuilima Resort Co.,
Term Loan (d) ............................... 10.50 09/30/11 1,649,906
5,200 Kyle Acquisition Group,
LLC, Term Loan .............................. 6.00 07/20/09
to
07/20/11 2,236,000
602 Lake at Las Vegas Joint
Venture, LLC,
Revolving Credit
Agreement (c)(d) ............................ 14.10 06/20/12 191,088
1,000 Lake at Las Vegas Joint
Venture, LLC, Term
Loan (e)..................................... 10.00 03/17/08 1,000,000
4,548 Lake at Las Vegas Joint
Venture, LLC, Term
Loan (c)(d) ................................. 14.10
to
15.30 06/20/12 1,444,115
3,817 Landsource
Communities
Development, LLC,
Term Loan ................................... 6.75 02/27/13 2,707,112
4,224 LNR Property Corp.,
Term Loan ................................... 6.36 07/12/11 3,536,282
4,211 NLV Holdings, LLC,
Term Loan ................................... 6.86 05/09/11
to to
11.11 05/30/12 1,808,101
4,950 Realogy Corp., Term
Loan ........................................ 5.55
to
5.72 10/10/13 4,248,518
1,788 Shea Capital I, LLC,
Term Loan ................................... 4.87
to
5.50 10/27/11 1,421,202
1,546 Shea Mountain House,
LLC, Term Loan .............................. 4.86 05/11/11 1,190,482
3,908 South Edge, LLC, Term
Loan ........................................ 5.00 10/31/08
to to
5.25 10/31/09 2,519,286
540 Standard Pacific Corp.,
Term Loan ................................... 4.82 05/05/13 424,800
5,946 Tamarack Resort, LLC,
Term Loan ................................... 5.95
to
9.25 05/19/11 4,281,120
9,750 WCI Communities, Inc,
Term Loan ................................... 7.98 12/23/10 8,539,372
5,260 Yellowstone
Development, LLC,
Term Loan ................................... 5.24 09/30/10 4,391,976
--------------
60,343,233
--------------
BUSINESS EQUIPMENT & SERVICES 6.8%
1,642 Audio Visual Services
Corp., Term Loan ............................ 4.95 02/28/14 1,452,949
1,238 BakerCorp, Term Loan ........................... 5.15
to
5.32 05/08/14 1,141,594
5,725 Cellnet Group, Inc.,
Term Loan ................................... 6.00
to
6.25 07/22/11 5,137,131
2,638 Contec, LLC,
Term Loan ................................... 4.75 06/15/12 2,513,085
5,474 Edwards (Cayman
Islands II) Ltd., Term
Loan ........................................ 5.09 05/31/14
to to
8.84 11/30/14 3,740,050
4,109 First American Payment
Systems, LP, Term
Loan ........................................ 6.13
to
7.00 10/06/13 3,759,278
2,185 GSI Holdings, LLC
Term Loan ................................... 6.09 08/01/14 2,015,557
4,963 HydroChem Industrial
Services, Inc., Term
Loan ........................................ 5.34
to
6.25 07/12/13 4,788,813
2,176 Information Resources,
Inc., Term Loan.............................. 4.49
to
4.84 05/16/14 1,843,987
3,357 InfoUSA, Inc., Term
Loan ........................................ 4.70 02/14/12 3,222,252
5,589 KAR Holdings, Inc.,
Term Loan ................................... 4.95 10/20/13 5,313,167
2,930 Katun Corp.,
Term Loan ................................... 7.63 06/30/09 2,798,390
8,083 NCO Financial Systems,
Term Loan ................................... 6.95
to
7.35 05/15/13 7,571,032
6,908 RGIS Services, LLC,
Term Loan ................................... 5.20
to
5.40 04/30/14 5,988,026
1,985 SMG Holdings, Inc.,
Term Loan ................................... 5.63
to
6.24 07/27/14 1,855,975
1,488 Valassis
Communications, Inc.,
Term Loan ................................... 4.45
to
6.00 03/02/14 1,388,060
27,487 VNU, Inc., Term Loan ........................... 5.10 08/09/13 26,067,119
--------------
80,596,465
--------------
CHEMICALS, PLASTICS & RUBBER 7.8%
1,030 Arizona Chemical Co.,
Term Loan ................................... 5.09
to
6.00 02/28/13 836,973
2,934 Becker-Underwood,
Inc., Term Loan ............................. 6.16 03/31/10
to to
7.75 09/30/11 2,786,960
2,300 Bond US Holdings, Inc.,
Term Loan ................................... 5.47
to
5.85 07/10/14 1,897,500
11,400 Brenntag Holdings
GmbH & Co. KG,
(Germany) Term
Loan (a) .................................... 5.79 01/17/14
to to
7.79 07/17/15 10,382,250
998 Cristal Inorganic
Chemicals US, Inc.,
Term Loan ................................... 4.95 05/15/14 868,448
9,864 Ferro Corp., Term Loan ......................... 4.70
to
4.71 06/06/12 9,124,397
4,130 Fibervisions Delaware
Corp., Term Loan ............................ 6.95 03/31/13 3,097,297
2,305 Foamex LP, Term Loan ........................... 5.96
to
7.25 02/12/13 1,907,144
3,002 Georgia Gulf Corp.,
Term Loan ................................... 5.24
to
5.36 10/03/13 2,840,524
15,183 Hexion Specialty
Chemicals, Inc., Term
Loan ........................................ 4.94
to
5.00 05/05/13 14,352,921
5,005 Huntsman International,
LLC, Term Loan .............................. 4.64 04/19/14 4,857,047
8,562 Ineos Holdings, Ltd.,
(United Kingdom)
Term Loan ................................... 4.89 12/16/13
to to
5.39 12/23/14 8,008,382
2,456 ISP Chemco, Inc., Term
Loan ........................................ 4.25
to
4.63 06/04/14 2,328,125
13,153 Kraton Polymers, LLC,
Term Loan ................................... 4.75 05/12/13 10,999,526
3,109 MACDermid, Inc., Term
Loan ........................................ 4.70 04/12/14 2,829,320
2,900 OMNOVA Solutions,
Inc., Term Loan ............................. 5.36
to
7.41 05/22/14 2,406,610
898 Solutia, Inc., Term Loan ....................... 8.50 02/28/14 881,292
4,987 Univar, Inc.,
Term Loan ................................... 5.70 10/11/14 4,657,078
4,474 Valley National Gases,
Inc., Term Loan ............................. 4.95
to
5.11 02/28/14 3,993,357
7,950 Wellman, Inc., Term
Loan (b)(d) ................................. 7.24 02/10/09
to to
9.99 02/10/10 3,716,498
--------------
92,771,649
--------------
CONSTRUCTION MATERIAL 3.1%
11,760 AXIA, Inc., Term Loan .......................... 9.00 12/21/12 8,820,000
4,334 Beacon Sales
Acquisition, Inc., Term
Loan ........................................ 4.69
to
5.09 09/30/13 3,564,715
15,229 Building Materials Corp.
of America, Term
Loan (a) .................................... 5.69 02/22/14
to to
8.69 09/15/14 12,786,694
5,327 Building Materials
Holdings Corp., Term
Loan ........................................ 7.20
to
7.50 11/10/13 3,835,466
4,849 Contech Construction
Products, Inc., Term
Loan ........................................ 4.75
to
4.87 01/31/13 4,212,189
1,500 Custom Building
Products, Inc., Term
Loan ........................................ 9.72 04/29/12 1,215,000
2,993 Panolam Industries
International, Inc.,
Term Loan ................................... 5.45 09/30/12 2,484,449
--------------
36,918,513
--------------
CONTAINERS, PACKAGING & GLASS 5.3%
2,494 Berlin Packaging, LLC,
Term Loan ................................... 5.80
to
5.96 08/17/14 2,344,125
5,396 Berry Plastics Group,
Inc., Term Loan (a)(c) ...................... 5.10 04/03/15 4,911,594
11,473 Consolidated Container
Co., LLC, Term Loan ......................... 5.11 03/28/14
to to
8.59 09/28/14 8,000,589
9,248 Graham Packaging Co.,
Term Loan ................................... 4.88
to
5.25 10/07/11 8,785,883
6,223 Graphic Packaging
International Corp.,
Term Loan ................................... 4.70
to
4.92 05/16/14 5,938,407
780 Kranson Industries, Inc.,
Revolving Credit
Agreement ................................... 4.97
to
6.25 07/31/13 703,585
13,378 Kranson Industries, Inc.,
Term Loan ................................... 4.91
to
6.75 07/31/13 12,441,227
5,900 Packaging Dynamics,
Term Loan ................................... 4.70 06/09/13 4,778,949
4,045 Pertus Sechzehnte
GmbH, (Germany)
Term Loan ................................... 5.24 06/13/15
to to
5.49 06/13/16 3,155,081
6,026 Smurfit-Stone Container
Corp., Revolving
Credit Agreement ............................ 2.25
to
6.25 11/01/09 5,535,928
5,775 Tegrant Holding Corp.,
Term Loan ................................... 5.43 03/08/14
to to
8.18 03/08/15 3,941,437
2,556 Unifrax Corp., Term
Loan ........................................ 5.13 05/02/13 2,390,129
--------------
62,926,934
--------------
DIVERSIFIED MANUFACTURING 1.7%
2,640 Arnold Magnectic
Technologies Corp.,
Term Loan ................................... 6.36 03/06/11
to to
8.50 03/06/12 2,489,484
4,500 Euramax International,
Inc., Term Loan ............................. 10.73
to
10.98 06/29/13 3,099,375
3,418 Jason, Inc., Term Loan ......................... 5.22 04/30/10 3,024,751
1,500 Mueller Water Products,
Inc., Term Loan ............................. 4.62 05/24/14 1,400,625
6,208 MW Industries, Inc.,
Term Loan ................................... 5.87
to
5.89 11/01/13 5,602,785
2,725 Wire Rope Corp. of
America, Inc., Term
Loan ........................................ 4.95 02/08/14 2,520,493
1,990 X-Rite, Inc., Term Loan ........................ 8.19
to
9.50 10/24/12 1,741,250
--------------
19,878,763
--------------
DURABLE CONSUMER PRODUCTS 0.3%
3,898 Brown Jordan
International, Inc.,
Term Loan ................................... 6.71
to
8.00 04/30/12 3,625,032
--------------
ECOLOGICAL 0.9%
1,471 Energy Solutions, LLC,
Term Loan ................................... 5.05 05/28/13 1,415,570
1,751 Environmental Systems
Products Holdings,
Term Loan ................................... 9.69
to
9.70 09/12/12 1,724,464
4,306 LVI Services, Inc., Term
Loan ........................................ 7.20
to
7.40 11/16/11 3,853,813
1,650 Synagro Technologies,
Inc., Term Loan ............................. 7.82 10/02/14 1,179,750
2,278 Waste Services, Inc.,
Term Loan ................................... 5.15 03/31/11 2,260,627
--------------
10,434,224
--------------
EDUCATION & CHILD CARE 3.2%
21,907 Cengage Learning
Holdings II, L.P., Term
Loan ........................................ 5.20
to
5.36 07/05/14 20,364,799
1,743 Educate, Inc., Term
Loan ........................................ 4.95 06/14/13
to to
7.95 06/14/14 1,564,430
6,186 Education Management,
LLC, Term Loan .............................. 4.50 06/01/13 5,533,008
12,438 Nelson Education, Ltd.,
(Canada) Term Loan .......................... 5.20 07/05/14 11,007,188
--------------
38,469,425
--------------
ELECTRONICS 4.1%
5,000 CommScope, Inc., Term
Loan ........................................ 5.20 12/27/14 4,781,250
12,795 Dealer Computer
Services, Inc., Term
Loan ........................................ 4.89 10/26/12
to to
8.39 10/26/13 12,201,423
1,478 Deutsche Connector
Group, (France) Term
Loan ........................................ 7.40 06/22/14
to to
7.65 06/22/15 1,308,978
815 H3C Holdings, Ltd.,
(Cayman Islands)
Term Loan ................................... 5.63 09/28/12 696,825
4,925 Infor Enterprise
Solutions Holdings,
Inc., Term Loan ............................. 6.45 07/28/12 4,093,906
1,382 Intergraph Corp., Term
Loan ........................................ 4.89
to
5.09 05/29/14 1,306,837
7,390 Kronos, Inc., Term Loan ........................ 4.95 06/11/14 6,734,300
2,758 Network Solutions, LLC,
Term Loan ................................... 5.20
to
5.37 03/07/14 2,303,108
2,469 Nuance
Communications, Inc.,
Term Loan ................................... 5.37 03/31/13 2,312,176
9,920 Open Solutions, Inc.,
Term Loan ................................... 5.19 01/23/14 8,251,786
591 Stratus Technologies,
Inc., Term Loan ............................. 6.45 03/29/11 496,440
336 Sungard Data Systems,
Inc., Revolving Credit
Agreement ................................... 4.72
to
6.00 08/11/11 306,459
4,806 Verint Systems, Inc.,
Term Loan ................................... 6.24 05/25/14 4,253,526
--------------
49,047,014
--------------
ENTERTAINMENT & LEISURE 8.6%
7,382 Bombardier Capital, Inc.,
Term Loan ................................... 5.32 06/28/13 6,557,922
4,081 Cedar Fair, LP, Term
Loan ........................................ 4.86
to
6.00 08/30/12 3,892,104
2,410 Cinemark USA, Inc.,
Term Loan ................................... 4.46
to
4.82 10/05/13 2,303,685
8,756 Fender Musical
Instruments Corp.,
Term Loan ................................... 6.97
to
7.16 06/09/14 7,267,480
2,716 Gibson Guitar Corp.,
Term Loan ................................... 5.20 12/29/13 2,525,531
6,000 Hicks Sports Group,
LLC, Term Loan .............................. 5.44 12/22/10 5,280,000
48,380 Metro-Goldwyn-Mayer,
Studios Inc., Term
Loan ........................................ 5.95 04/08/12 38,870,344
4,886 Mets, LP, Term Loan ............................ 4.90 07/25/10 4,543,714
5,685 Panavision, Inc., Term
Loan ........................................ 6.40
to
8.36 03/30/11 4,803,540
2,062 Playcore Holdings, Inc.,
Term Loan ................................... 5.20
to
6.50 02/21/14 1,803,856
13,200 Regal Cinemas, Inc.,
Term Loan ................................... 4.20 10/27/13 12,564,611
750 True Temper Sports,
Inc., Revolving Credit
Agreement ................................... 5.97 03/15/09 660,000
12,454 True Temper Sports,
Inc., Term Loan ............................. 5.97 03/15/11
to to
8.42 06/30/11 10,881,748
--------------
101,954,535
--------------
FARMING & AGRICULTURE 0.2%
3,000 Wm. Bolthouse Farms,
Inc., Term Loan ............................. 8.20 12/16/13 2,790,000
--------------
FINANCE 7.1%
3,458 DCS Business Services,
Inc., Term Loan ............................. 8.61 02/04/11
to to
11.36 08/04/11 3,002,920
27,915 First Data Corp., Term
Loan ........................................ 5.35 09/24/14
to to
5.65 09/30/14 26,306,768
4,789 Grosvenor Capital
Management
Holdings, LLP, Term
Loan ........................................ 4.71
to
5.06 12/05/13 4,597,792
6,160 iPayment, Inc., Term
Loan ........................................ 4.70
to
4.72 05/10/13 5,112,742
11,538 LPL Holdings, Inc.,
Term Loan ................................... 4.70 06/28/13 10,758,981
3,500 Metavante Corp., Term
Loan ........................................ 4.99 11/01/14 3,310,415
10,432 National Processing Co.
Group, Term Loan ............................ 5.70 09/29/12
to to
9.20 09/29/14 8,435,717
3,333 Nuveen Investments,
Inc., Term Loan ............................. 5.70
to
5.89 11/13/14 3,183,853
10,244 Oxford Acquisition III,
Ltd., (United Kingdom)
Term Loan ................................... 4.67 05/11/14 8,617,646
7,475 RJO Holdings Corp.,
Term Loan ................................... 5.89 07/12/14
to to
9.62 07/12/15 5,208,125
7,308 Transfirst Holdings, Inc.,
Term Loan ................................... 5.45 06/15/14
to to
8.70 06/15/15 5,815,632
--------------
84,350,591
--------------
GROCERY 0.6%
8,076 Roundy's Supermarkets,
Inc., Term Loan ............................. 5.47 11/03/11 7,583,341
--------------
HEALTH & BEAUTY 1.6%
6,125 American Safety Razor
Co., Term Loan .............................. 5.13 07/31/13
to to
9.14 01/30/14 5,591,108
1,348 Bare Escentuals Beauty,
Inc., Term Loan ............................. 4.97 02/18/12 1,307,792
6,652 Marietta Intermediate
Holdings Corp., Term
Loan (c) .................................... 7.72 12/17/10
to to
12.18 12/17/11 4,930,464
4,253 Philosophy, Inc., Term
Loan ........................................ 4.87
to
4.90 03/16/14 3,508,885
3,332 Prestige Brands
Holdings, Inc., Term
Loan ........................................ 5.16
to
6.97 04/06/11 3,223,845
--------------
18,562,094
--------------
HEALTHCARE 12.1%
7,953 American Medical
Systems, Inc., Term
Loan ........................................ 5.38 07/20/12 7,535,870
286 Catalent Pharma
Solutions, Inc.,
Revolving Credit
Agreement ................................... 4.97
to
5.14 04/10/14 228,571
7,444 Catalent Pharma,
Solutions, Inc.,
Term Loan ................................... 4.95 04/10/14 6,643,547
10,922 Community Health
Systems, Inc., Term
Loan ........................................ 5.34 07/25/14 10,479,064
2,233 Concentra Inc., Term
Loan ........................................ 4.95 06/25/14 2,007,021
5,360 CRC Health Group, Inc.,
Term Loan ................................... 4.92 02/06/13 4,904,760
8,846 DSI Renal, Inc., Term
Loan ........................................ 5.00 03/31/13 7,762,590
1,043 Emdeon Business
Services, LLC, Term
Loan ........................................ 4.70 11/16/13 984,550
1,043 Genoa Healthcare
Group, LLC, Term
Loan ........................................ 5.90
to
7.00 08/10/12 999,084
543 Golden Living, Term
Loan ........................................ 5.61 03/14/11 506,068
8,188 Harlan Sprague Dawley,
Inc., Term Loan ............................. 5.22
to
6.50 07/11/14 7,717,147
1,005 HCA, Inc., Term Loan ........................... 4.70 11/17/12
to to
4.95 11/17/13 953,366
15,698 Health Management
Associates, Inc., Term
Loan ........................................ 4.45 02/28/14 14,525,796
4,042 HealthCare Partners,
LLC, Term Loan .............................. 4.65 10/31/13 3,895,202
5,958 Iasis Healthcare, LLC,
Term Loan ................................... 4.86
to
6.63 03/15/14 5,709,867
10,917 Inverness Medical
Innovations, Inc.,
Term Loan ................................... 4.67 06/26/14 10,135,075
7,428 Manor Care, Inc., Term
Loan ........................................ 5.64 11/09/14 6,814,895
2,804 Matria Healthcare, Inc.,
Term Loan ................................... 4.70
to
5.08 01/19/12 2,734,013
24,380 Multiplan, Inc., Term
Loan ........................................ 5.38 04/12/13 23,031,772
2,000 Select Medical Corp.,
Revolving Credit
Agreement ................................... 2.00
to
5.66 02/24/11 1,700,000
2,948 Sterigenics International,
Inc., Term Loan ............................. 5.05 11/21/13 2,609,274
2,428 Sun Healthcare Group,
Inc., Term Loan ............................. 4.60
to
5.08 04/12/14 2,228,011
336 Surgical Care Affiliates,
LLC, Revolving Credit
Agreement ................................... 4.95 06/29/13 265,440
11,910 Surgical Care Affiliates,
LLC, Term Loan .............................. 4.95 12/29/14 10,361,700
5,763 United Surgical Partners
International, Inc.,
Term Loan ................................... 4.62
to
6.79 04/19/14 5,301,564
4,466 Viant Holdings, Inc.,
Term Loan ................................... 4.95 06/25/14 3,796,313
--------------
143,830,560
--------------
HOME & OFFICE FURNISHINGS, HOUSEWARES & DURABLE
CONSUMER PRODUCTS 1.6%
7,853 Generation Brands,
LLC, Term Loan .............................. 5.13 12/20/12
to to
10.97 06/20/13 5,251,339
344 Hunter Fan Co.,
Revolving Credit
Agreement ................................... 4.72
to
6.50 04/16/13 271,562
2,207 Hunter Fan Co., Term
Loan ........................................ 5.57 04/16/14
to to
9.82 10/16/14 1,684,797
495 Lenox, Inc., Term Loan ......................... 7.20
to
7.41 04/20/13 376,200
2,624 Mattress Holdings
Corp., Inc., Term
Loan ........................................ 5.15 01/18/14 1,823,367
11,100 National Bedding Co.,
LLC, Term Loan .............................. 7.70 08/31/12 7,881,000
1,375 Sealy Mattress Co.,
Revolving Credit
Agreement ................................... 4.35
to
4.83 04/06/10 1,251,250
--------------
18,539,515
--------------
HOTELS, MOTELS, INNS & GAMING 11.9%
7,610 BLB Worldwide
Holdings, Inc., Term
Loan ........................................ 5.44 08/23/11
to to
7.19 07/18/12 4,792,883
8,179 Cannery Casino
Resorts, LLC, Term
Loan ........................................ 4.92
to
5.40 05/18/13 7,739,154
6,500 Golden Nugget, Inc.,
Term Loan ................................... 4.80 06/30/14
to to
6.05 12/31/14 5,310,000
8,751 Greektown Casino, LLC,
Term Loan ................................... 5.44
to
5.50 12/03/12 7,635,407
14,684 Green Valley Ranch
Gaming, LLC, Term
Loan ........................................ 4.67
to
5.09 02/16/14 11,820,731
1,629 Greenwood Racing,
Inc., Term Loan ............................. 5.12 11/28/11 1,482,731
55,000 Harrah's Operating Co.,
Inc., Bridge Loan ........................... 8.25 01/28/16
to
01/28/18 46,612,500
7,974 Isle of Capri Casinos,
Inc., Term Loan ............................. 4.45 11/25/13 7,056,574
18,176 Las Vegas Sands,
LLC/Venetian Casino,
Term Loan ................................... 4.45 05/23/14 16,736,787
3,700 Magnolia Hill, LLC,
Term Loan ................................... 6.12 10/30/13 3,478,000
8,981 New World Gaming
Partners Holdings,
Ltd, Term Loan .............................. 5.19 11/14/13
to
09/30/14 7,656,516
960 Scientific Games Corp.,
Revolving Credit
Agreement ................................... 4.71
to
4.72 12/23/09 916,800
12,300 Venetian Macau, Ltd.,
Term Loan ................................... 4.95 05/26/12
to
05/26/13 11,754,962
10,164 Yonkers Racing Corp.,
Term Loan ................................... 8.94 08/12/11 9,401,437
--------------
142,394,482
--------------
INSURANCE 4.6%
5,638 Alliant Holdings I,
Inc.,Term Loan .............................. 5.70 11/01/14 5,300,033
9,925 AmWins Group, Inc.,
Term Loan ................................... 5.23
to
5.60 06/08/13 7,791,125
655 Applied Systems, Inc.,
Term Loan ................................... 5.20
to
5.41 09/26/13 609,030
2,383 Audatex North America,
Inc., Term Loan ............................. 4.88 05/16/14 2,204,398
3,077 Conseco, Inc., Term
Loan ........................................ 4.86 10/10/13 2,358,771
7,837 HMSC Holdings Corp.,
Term Loan ................................... 4.97
to
8.22 04/03/14
to
10/03/14 5,232,562
4,111 Hub International
Holdings, Inc., Term
Loan ........................................ 5.20 06/13/14 3,704,944
8,428 Mitchell International,
Inc., Term Loan ............................. 4.67
to
7.94 03/28/14
to
03/28/15 8,051,463
2,333 USI Holdings Corp.,
Revolving Credit
Agreement ................................... 5.37 05/05/13 2,016,875
6,617 USI Holdings Corp.,
Term Loan ................................... 5.45 05/05/14 6,219,667
12,895 Vertafore, Inc., Term
Loan ........................................ 5.59
to
9.09 01/31/12
to
01/31/13 11,555,497
--------------
55,044,365
--------------
MACHINERY 1.1%
3,510 Gleason, Inc., Term
Loan ........................................ 4.44
to
4.88 06/30/13 3,264,006
2,000 Goodman Global, Inc.,
Term Loan ................................... 7.50 02/13/14 1,984,376
2,985 Mold-Masters
Luxembourg Holdings
SA, Term Loan ............................... 6.25 10/11/14 2,783,512
5,201 Stolle Machinery Co.,
LLC, Term Loan .............................. 7.00 09/29/12
to to
9.40 09/29/13 4,845,634
--------------
12,877,528
--------------
MEDICAL PRODUCTS & SERVICES 2.4%
2,346 Accellent, Inc., Term
Loan ........................................ 5.84 11/22/12 2,038,087
3,713 Advanced Medical
Optics, Inc., Term
Loan ........................................ 4.45
to
6.65 04/02/14 3,452,625
8,170 AGA Medical Corp.,
Term Loan ................................... 4.73 04/28/13 7,434,753
8,880 Carestream Health, Inc.,
Term Loan ................................... 4.70
to
4.90 04/30/13 7,570,388
8,500 VWR Funding, Inc.,
Term Loan ................................... 5.20 06/29/14 7,947,500
--------------
28,443,353
--------------
MINING, STEEL, IRON & NON-PRECIOUS METALS 0.6%
950 John Maneely Co., Term
Loan ........................................ 5.97
to
6.35 12/08/13 857,805
6,617 Novelis Corp., Term
Loan ........................................ 4.70 07/06/14 6,302,375
--------------
7,160,180
--------------
NATURAL RESOURCES 1.9%
741 Boston Generating,
LLC, Revolving Credit
Agreement (a) ............................... 5.07 12/20/13 688,937
15,860 Boston Generating,
LLC, Term Loan (a) .......................... 4.95
to
7.08 12/20/13 14,741,635
3,080 CDX Funding, LLC,
Term Loan ................................... 8.95 03/31/13 2,448,600
2,946 Dresser, Inc., Term
Loan ........................................ 5.11
to
5.32 05/04/14 2,848,136
2,251 Western Refining, Inc.,
Term Loan ................................... 4.65 05/30/14 2,003,532
--------------
22,730,840
--------------
NON-DURABLE CONSUMER PRODUCTS 3.9%
4,059 Amscan Holdings, Inc.,
Term Loan ................................... 4.86
to
5.34 05/25/13 3,470,445
8,982 Easton-Bell Sports, Inc.,
Term Loan ................................... 4.64
to
4.65 03/16/12 7,926,781
9,332 Huish Detergents, Inc.,
Term Loan ................................... 4.45 04/26/14
to to
6.95 10/26/14 7,959,603
2,553 JohnsonDiversey, Inc.,
Term Loan ................................... 5.11 12/16/11 2,428,284
8,776 KIK Custom Products,
Inc., Term Loan ............................. 5.17 05/31/14
to to
7.92 11/30/14 4,998,322
1,751 Mega Brands, Inc.,
(Canada) Term Loan .......................... 8.25 07/26/12 1,575,450
646 Spectrum Brands, Inc.,
Revolving Credit
Agreement ................................... 6.71 03/30/13 592,347
12,802 Spectrum Brands, Inc.,
Term Loan ................................... 6.71
to
7.10 03/30/13 11,729,944
2,200 Targus Group
International, Inc.,
Term Loan ................................... 13.35 05/22/13 1,721,500
5,231 Yankee Candle Co.,
Inc., Term Loan ............................. 4.61
to
4.90 02/06/14 4,776,307
--------------
47,178,983
--------------
PAPER & FOREST PRODUCTS 1.2%
2,400 Ainsworth Lumber Co.,
Ltd., Term Loan (a) ......................... 5.94 06/26/14 1,855,999
2,504 Tidi Products, LLC,
Term Loan ................................... 5.70
to
7.20 12/31/11 2,260,279
833 Verso Paper Holdings,
LLC, Term Loan .............................. 9.08 08/01/14 714,576
7,626 White Birch Paper Co.,
(Canada) Term Loan .......................... 5.45 05/08/14 5,726,892
4,017 Xerium Technologies,
Inc., Term Loan ............................. 5.45 05/18/12 3,253,872
--------------
13,811,618
--------------
PERSONAL & MISCELLANEOUS SERVICES 1.4%
5,509 Affinion Group, Inc.,
Term Loan (a) ............................... 5.40
to
5.57 10/17/12 5,206,246
2,346 Omniflight Helicopters,
Inc., Term Loan ............................. 5.86 06/30/11
to to
7.50 09/30/12 2,182,208
10,238 Sedgwick CMS
Holdings, Inc., Term
Loan ........................................ 4.95 01/31/13 9,277,946
--------------
16,666,400
--------------
PHARMACEUTICALS 0.4%
4,489 Generics International,
Inc., Term Loan ............................. 6.20 10/31/14 4,297,978
--------------
PRINTING & PUBLISHING 18.7%
4,963 Advanstar
Communications, Inc.,
Term Loan ................................... 4.92 05/31/14 3,808,719
4,950 American Media
Operations, Inc., Term
Loan ........................................ 6.34
to
8.16 01/31/13 4,535,437
1,985 Ascend Media Holdings,
LLC, Term Loan .............................. 6.70
to
7.06 01/31/12 1,042,368
1,934 Black Press Group, Ltd.,
(Canada) Term Loan .......................... 5.09 08/02/13 1,769,254
6,555 Canon Communications,
LLC, Term Loan .............................. 5.86 05/31/11 6,292,541
1,658 Caribe Information
Investment, Inc., Term
Loan ........................................ 4.96
to
5.12 03/31/13 1,492,408
10,712 Cygnus Business
Media, Inc., Term
Loan ........................................ 6.99
to
8.36 07/13/09 10,175,925
997 DRI Holdings, Inc.,
Term Loan ................................... 5.70 07/03/14 887,081
11,298 Endurance Business
Media, Inc., Term
Loan ........................................ 5.62 07/26/13
to to
10.12 01/26/14 9,323,882
1,624 FSC Acquisition, LLC,
Term Loan ................................... 4.94
to
4.96 03/08/14 1,228,486
11,752 F&W Publications, Inc.,
Term Loan ................................... 5.42 02/05/13
to to
6.85 08/05/13 8,626,616
1,435 Gatehouse Media, Inc.,
Revolving Credit
Agreement ................................... 4.72
to
6.00 02/28/14 975,800
11,125 Gatehouse Media, Inc.,
Term Loan ................................... 4.72
to
5.09 08/28/14 7,544,141
10,004 Haights Cross
Operating Co., Term
Loan ........................................ 6.57
to
7.57 08/20/08 9,704,099
5,431 Idearc, Inc., Term Loan ........................ 4.70
to
4.86 11/17/14 4,494,359
1,901 Intermedia Outdoor,
Inc., Term Loan ............................. 5.70 01/31/13 1,663,320
6,601 Knowledgepoint360
Group, LLC, Term
Loan ........................................ 6.32 04/26/14
to to
10.07 04/26/15 6,260,505
2,500 Local Insight Regatta
Holdings, Inc., Term
Loan ........................................ 7.75 04/23/15 2,307,813
3,435 MC Communications,
LLC, Term Loan .............................. 5.37
to
5.58 12/31/10 2,061,228
4,178 MediaNews Group, Inc.,
Term Loan ................................... 4.63 12/30/10
to to
5.13 08/02/13 3,138,581
13,386 Merrill Communications,
LLC, Term Loan .............................. 4.95 05/15/11
to to
9.52 11/15/13 11,540,371
5,970 Network
Communications, Inc.,
Term Loan ................................... 4.60
to
6.86 11/30/12 5,253,600
8,507 Penton Media, Inc.,
Term Loan ................................... 5.11 02/01/13
to to
7.90 02/01/14 6,375,104
478 Proquest CSA, LLC,
Term Loan ................................... 5.14
to
5.69 02/09/14 450,436
3,712 Questex Media Group,
Inc., Term Loan ............................. 6.06
to
7.79 05/04/14 3,452,044
13,364 Reader's Digest
Association, Inc.,
Term Loan ................................... 4.71
to
5.06 03/02/14 11,252,361
1,121 SGS International, Inc.,
Term Loan ................................... 5.20
to
7.22 12/30/11 1,037,186
2,444 Source Media, Inc.,
Term Loan ................................... 4.95 11/08/11 2,236,619
1,493 Summit Business Media
Intermediate, Term
Loan ........................................ 5.62 07/06/14 1,291,013
3,785 Thomas Nelson
Publishers, Term
Loan ........................................ 4.96
to
5.11 06/12/12 3,122,900
66,667 Tribune Co., Bridge
Loan ........................................ 7.54 12/20/15 56,333,333
29,775 Tribune Co., Term Loan ......................... 5.54 05/19/14 22,480,125
11,313 Yell Group, PLC,
(United Kingdom)
Term Loan ................................... 4.36 04/30/11
to to
4.86 02/10/13 10,071,139
--------------
222,228,794
--------------
RESTAURANTS & FOOD SERVICE 3.0%
7,788 Acosta Sales Co., Inc.,
Term Loan ................................... 5.12 07/28/13 7,427,404
7,352 Arby's, LLC, Term
Loan (a) .................................... 4.95
to
5.15 07/25/12 6,964,151
3,176 Center Cut Hospitality,
Inc., Term Loan ............................ 5.58 07/06/14 2,667,840
3,216 NPC International, Inc.,
Term Loan ................................... 4.43
to
4.62 05/03/13 2,974,342
558 OSI Restaurant
Partners, LLC,
Revolving Credit
Agreement ................................... 4.92 06/14/13 486,661
6,660 OSI Restaurant
Partners, LLC, Term
Loan ........................................ 5.00 06/14/13 5,813,760
2,452 Sagittarius Restaurants,
LLC, Term Loan .............................. 9.50 03/29/13 1,888,391
3,069 Sbarro, Inc., Term Loan ........................ 7.41 01/31/14 2,531,925
1,677 Volume Services
America, Inc.,
Revolving Credit
Agreement ................................... 6.69
to
6.75 04/01/10 1,467,151
3,880 Volume Services
America, Inc., Term
Loan ........................................ 6.57
to
6.75 10/01/10 3,395,000
--------------
35,616,625
--------------
RETAIL - OIL & GAS 0.3%
3,777 The Pantry, Inc., Term
Loan ........................................ 4.62 05/15/14 3,201,028
--------------
RETAIL - SPECIALTY 1.2%
15,230 Nebraska Book Co.,
Inc., Term Loan ............................. 5.13
to
5.20 03/04/11 14,011,414
761 Visant Holding Corp.,
Revolving Credit
Agreement ................................... 5.75 10/04/10 730,435
--------------
14,741,849
--------------
RETAIL - STORES 5.7%
6,943 Csk Auto, Inc., Term
Loan ........................................ 9.75 06/29/12 6,908,159
20,000 Dollar General Corp,
Term Loan ................................... 5.65 07/06/14 18,703,120
11,521 General Nutrition
Centers, Inc., Term
Loan ........................................ 4.94
to
4.95 09/16/13 10,246,850
9,500 Guitar Center, Inc.,
Term Loan ................................... 6.40 10/09/14 8,051,250
13,612 Michael's Stores, Inc.,
Term Loan ................................... 5.00
to
5.38 10/31/13 12,070,272
3,000 Neiman Marcus Group,
Inc., Term Loan ............................. 4.76 04/06/13 2,871,876
5,778 Sally Holdings, Inc.,
Term Loan ................................... 5.70 11/16/13 5,517,028
4,323 Savers, Inc., Term Loan ........................ 5.48
to
5.50 08/11/12 4,063,699
--------------
68,432,254
--------------
TELECOMMUNICATIONS - LOCAL EXCHANGE CARRIERS 1.3%
4,238 Global Tel*Link Corp.,
Term Loan ................................... 6.20
to
6.56 02/14/13 3,771,859
1,364 Hargray Acquisition Co.,
Term Loan ................................... 4.95 06/29/14 1,234,367
3,077 NuVox Transition
Subsidiary, LLC, Term
Loan ........................................ 6.05 05/31/14 2,799,843
1,482 Orius Corp., LLC, Term
Loan (b)(d)(f) .............................. 8.50 01/23/09
to to
9.00 01/23/10 20,160
2,828 Paetec Holding Corp.,
Term Loan ................................... 5.36 02/28/13 2,739,169
5,102 Sorenson
Communications, Inc.,
Term Loan ................................... 5.20 02/16/14
to to
9.70 04/27/14 4,883,751
--------------
15,449,149
--------------
TELECOMMUNICATIONS - LONG DISTANCE 0.7%
2,829 Intelsat, Ltd., (Bermuda)
Term Loan ................................... 5.20 02/01/14 2,826,450
6,000 Level 3
Communications, Inc.,
Term Loan ................................... 4.96
to
4.97 03/13/14 5,571,000
--------------
8,397,450
--------------
TELECOMMUNICATIONS - WIRELESS 1.4%
5,970 Alltel Communications,
Inc., Term Loan ............................. 5.47 05/16/15 5,497,791
10,000 Asurion Corp., Term
Loan (a) .................................... 6.10 07/03/14 9,254,170
1,995 MetroPCS Wireless,
Inc., Term Loan ............................. 5.00
to
5.50 11/03/13 1,884,800
--------------
16,636,761
--------------
TEXTILES & LEATHER 1.7%
6,009 Gold Toe Investment
Corp., Term Loan ............................ 5.62 10/30/13
to to
8.87 04/30/14 4,706,659
6,150 HBI Branded Apparel
Ltd., Inc., Term Loan ....................... 6.66 03/05/14 6,111,563
3,850 Levi Strauss & Co.,
Term Loan ................................... 4.99 03/27/14 3,323,832
3,682 St. John Knits
International, Inc.,
Term Loan ................................... 5.90 03/21/12 3,387,410
3,424 Varsity Brands, Inc.,
Term Loan ................................... 5.69
to
7.63 02/22/14 3,235,365
--------------
20,764,829
--------------
TRANSPORTATION - CARGO 0.6%
1,084 Cardinal Logistics
Management, Inc.,
Term Loan ................................... 6.61 09/23/13 953,480
4,963 JHCI Acquisitions, Inc.,
Term Loan ................................... 5.37 06/19/14 3,895,563
2,087 Kenan Advantage
Group, Inc., Term
Loan ........................................ 6.20 12/16/11 1,951,035
--------------
6,800,078
--------------
TRANSPORTATION - PERSONAL 0.2%
4,178 Coach America
Holdings, Inc., Term
Loan ........................................ 5.45
to
5.55 04/20/14 2,701,689
495 US Airways Group, Inc.,
Term Loan ................................... 5.39 03/24/14 369,806
--------------
3,071,495
--------------
TRANSPORTATION-RAIL MANUFACTURING 0.5%
6,780 Helm Holding Corp.,
Term Loan ................................... 4.97
to
5.38 07/08/11 6,305,341
--------------
UTILITIES 4.6%
2,266 Bicent Power, LLC,
Term Loan ................................... 4.70 06/30/14 2,127,133
14,470 First Light Power
Resources, Inc., Term
Loan ........................................ 5.04 11/01/13
to to
7.13 05/01/14 12,599,988
2,563 InfrastruX Group, Inc.,
Term Loan (c) ............................... 7.36 11/03/12 2,319,818
5,500 Longview Power, LLC,
Term Loan ................................... 4.94
to
5.56 02/28/14 4,686,456
170 Mirant North America,
LLC, Revolving Credit
Agreement ................................... 5.00 01/03/12 158,256
3,284 NRG Energy, Inc., Term
Loan ........................................ 7.11 02/01/13 3,158,292
2,175 NSG Holdings, LLC,
Term Loan ................................... 4.35 06/15/14 2,033,721
6,300 Primary Energy
Operating, LLC, Term
Loan ........................................ 6.85 08/24/09 5,827,500
8,472 Texas Competitive
Electric Holdings Co.,
LLC, Term Loan .............................. 6.48
to
6.60 10/10/14 7,978,976
9,952 TPF Generation
Holdings, LLC, Term
Loan ........................................ 4.70 12/15/13
to to
6.95 12/15/14 9,275,068
4,962 USPF Holdings, LLC,
Term Loan ................................... 4.47
to
4.48 04/11/14 4,515,875
--------------
54,681,083
--------------
TOTAL VARIABLE RATE** SENIOR LOAN INTERESTS 179.7% ................................ 2,139,616,296
--------------
DESCRIPTION VALUE
----------------------------------------------------------------------------------------------------------
NOTES 1.1%
Builders FirstSource, Inc. ($8,700,000 par, 7.32% coupon, maturing
02/15/12) (g) ..................................................................... $ 6,525,000
Compression Polymers Corp. ($2,700,000 par, 11.47% coupon, maturing
07/01/12) (g) ...................................................................... 2,207,250
Qwest Corp. ($3,500,000 par, 6.05% coupon, maturing 06/15/13) (g)..................... 3,368,750
Verso Paper Holding, LLC ($1,500,000 par, 6.99% coupon, maturing
08/01/14) (g)(h) ................................................................... 1,410,000
--------------
TOTAL NOTES ........................................................................... 13,511,000
--------------
EQUITIES 0.0%
Aladdin Gaming Holdings, LLC (7.84% ownership interest, Acquired
09/03/04, Cost $470,400) (i) ....................................................... 15,250
Comdisco Holdings Co., Inc. (399 common shares, Acquired from 03/02/05
to 08/15/07, Cost $0) (i)(j) ....................................................... 4,010
Environmental Systems Products Holdings, Inc. (9,333 common shares,
Acquired 09/26/07, Cost $0) (i)(j) ................................................. 0
Environmental Systems Products Holdings, Inc. (9,333 preferred shares,
Acquired 06/26/07, Cost $449,153) (i)(j) ........................................... 233,325
Gentek, Inc. (Canada) (1,600 common shares, Acquired 09/19/06,
Cost $0) (i)(j) .................................................................... 49,696
Gentek, Inc. (Canada) (Warrants for 2,501 common shares, Expiration date
ranging from 10/31/08 to 10/31/10, Acquired 09/19/06, Cost $0 ) (i)(j) ............. 85,910
IDT Corp. (22,898 common shares) (i) .................................................. 87,699
Railworks Corp. (Warrants for 865 common shares, Expiration date 06/14/11,
Acquired 02/10/03, Cost $2,135,664) (i)(j) ......................................... 0
Rotech Medical Corp. (48,485 common shares, Acquired 06/12/02, Cost
$193,940) (i)(j) ................................................................... 0
Safelite Realty (28,448 common shares, Acquired 10/26/00, Cost $0) (i)(j) ............. 0
--------------
TOTAL EQUITIES ........................................................................ 475,890
--------------
TOTAL LONG-TERM INVESTMENTS 180.8%
(Cost $2,449,414,700) .............................................................. 2,153,603,186
--------------
SHORT-TERM INVESTMENTS 1.4%
REPURCHASE AGREEMENT 1.4%
State Street Bank & Trust Co. ($16,100,000 par collateralized by
U.S. Government obligations in a pooled cash account,
interest rate of 1.65%, dated 04/30/08, to be sold on 05/01/08
at $16,100,738) (a)................................................................. 16,100,000
TIME DEPOSIT 0.0%
State Street Bank & Trust Co. ($448,433 par, 0.60% coupon,
dated 04/30/08, to be sold on 05/01/08 at $448,440) (a) ........................... 448,433
--------------
TOTAL SHORT-TERM INVESTMENTS 1.4%
(Cost $16,548,433) ................................................................. 16,548,433
--------------
TOTAL INVESTMENTS 182.2%
(Cost $2,465,963,133) .............................................................. 2,170,151,619
BORROWINGS (13.5%) ................................................................... (161,000,000)
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (58.8%) ........................... (700,318,208)
LIABILITIES IN EXCESS OF OTHER ASSETS (9.9%) ......................................... (117,810,287)
--------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0% ......................................... $1,191,023,124
==============
Percentages are calculated as a percentage of net assets applicable to common shares.
(a) All or a portion of this security is designated in connection with unfunded loan commitments.
(b) This borrower has filed for protection in federal bankruptcy court.
(c) Payment-in-kind security.
(d) This Senior Loan interest is non-income producing.
(e) The borrower is in the process of restructuring or amending the terms of this loan.
(f) This borrower is currently in liquidation.
(g) Variable rate security. Interest rate shown is that in effect at April 30, 2008.
(h) 144A-Private Placement security which is exempt from registration under Rule 144A of the Securities
Act of 1933, as amended. This security may only be resold in transactions exempt from registration
which are normally those transactions with qualified institutional buyers.
(i) Non-income producing security as the stock or warrant currently does not declare dividends.
(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. The aggregate value of restricted securities represents less than 0.1%
of the net assets applicable to common shares of the Trust.
* 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 (i) 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.
RATINGS ALLOCATION AS OF 4/30/08
BBB/Baa 0.4%
BB/Ba 39.2
B/B 32.2
CCC/Caa 6.5
CC/Ca 0.1
Non-Rated 21.6
RATINGS ALLOCATIONS ARE AS A PERCENTAGE OF LONG-TERM DEBT OBLIGATIONS. RATINGS
ALLOCATIONS BASED UPON RATINGS AS ISSUED BY STANDARD AND POOR'S AND MOODY'S,
RESPECTIVELY. BANK LOANS RATED BELOW BBB BY STANDARD AND POOR'S OR BAA BY
MOODY'S ARE CONSIDERED TO BE BELOW INVESTMENT GRADE.
SWAP AGREEMENTS OUTSTANDING AS OF APRIL 30, 2008:
CREDIT DEFAULT SWAPS
PAY/
RECEIVE NOTIONAL
BUY/SELL FIXED EXPIRATION AMOUNT UPFRONT
COUNTERPARTY REFERENCE ENTITY PROTECTION RATE DATE (000) PAYMENTS VALUE
Goldman Sachs Boston
Capital Generating,
Markets, L.P. LLC Sell 2.00% 06/20/09 $3,000 $ 0 $ 6,936
Goldman Sachs Texas
Capital Competitive
Markets, L.P. Electric
Holdings
Co., LLC Sell 2.85 06/20/10 5,000 0 74,797
Goldman Sachs K. Hovnanian
Credit Enterprises,
Partners, L.P. Inc. Sell 2.15 06/20/09 1,500 0 (201,303)
Goldman Sachs K. Hovnanian
Credit Enterprises,
Partners, L.P. Inc. Sell 3.75 06/20/12 1,500 0 (332,927)
Goldman Sachs
Credit Standard Pacific
Partners, L.P. Corp. Sell 3.40 03/20/14 2,500 0 (628,443)
Goldman Sachs
Credit Standard Pacific
Partners, L.P. Corp. Sell 3.70 06/20/14 2,500 0 (608,012)
--- -----------
TOTAL CREDIT DEFAULT SWAPS ........................................................ $ 0 $(1,688,952)
=== ===========
Item 2. Controls and Procedures.
(a) The Trust's principal executive officer and principal financial officer have
concluded that the Trust's disclosure controls and procedures are sufficient to
ensure that information required to be disclosed by the Trust in this Form N-Q
was recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms, based
upon such officers' evaluation of these controls and procedures as of a date
within 90 days of the filing date of the report.
(b) There were no changes in the Trust's internal control over financial
reporting that occurred during the registrant's fiscal quarter that has
materially affected, or is reasonably likely to materially affect, the Trust's
internal control over financial reporting.
Item 3. Exhibits.
(a) A certification for the Principal Executive Officer of the registrant is
attached hereto as part of EX-99.cert.
(b) A certification for the Principal Financial Officer of the registrant is
attached hereto as part of EX-99.cert.
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) Van Kampen Senior Income Trust
By: /s/ Jerry W. Miller
----------------------------------
Name: Jerry W. Miller
Title: Principal Executive Officer
Date: June 19, 2008
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By: /s/ Jerry W. Miller
---------------------------------
Name: Jerry W. Miller
Title: Principal Executive Officer
Date: June 19, 2008
By: /s/ Stuart N. Schuldt
--------------------------------
Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: June 19, 2008