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
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(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
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(Address of principal executive offices) (Zip code)
Ronald Robison
522 Fifth Avenue, New York, New York 10036
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(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: 10/31/07
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 - OCTOBER 31, 2007 (UNAUDITED)
PRINCIPAL
AMOUNT STATED
(000) BORROWER COUPON MATURITY * VALUE
-----------------------------------------------------------------------------------------------------------------------------
VARIABLE RATE** SENIOR LOAN INTERESTS 177.5%
AEROSPACE/DEFENSE 4.4%
$ 9,709 Alion Science and
Technology Corp.,
Term Loan ..................................... 7.29 to 7.33% 08/02/09 $ 9,369,398
2,897 Apptis, Inc., Term Loan .......................... 8.14 to 9.75 12/20/12 2,723,397
2,188 Atlantic Marine Services,
Term Loan ..................................... 7.56 03/22/14 2,152,297
3,532 DeCrane Aircraft
Holdings, Inc., Term
Loan .......................................... 7.99 to 9.25 02/21/13 3,479,266
4,421 DynCorp International,
LLC, Term Loan ................................ 7.25 02/11/11 4,277,439
703 Hawker Beechraft
Acquisition Co.,
Revolving Credit
Agreement ..................................... 7.20 03/26/14 688,758
8,264 Hawker Beechraft
Acquisition Co., Term
Loan .......................................... 6.82 03/26/14 8,099,170
8,585 IAP Worldwide
Services, Inc., Term
Loan .......................................... 11.50 to 17.00 12/30/12 to 06/30/13 7,590,313
5,136 ILC Industries, Inc.,
Term Loan ..................................... 7.45 02/24/12 5,058,960
2,698 Primus International,
Inc., Term Loan ............................... 7.63 06/07/12 2,643,582
1,095 Tri-Star Electronics
International, Term
Loan .......................................... 8.20 to 8.36 02/02/13 1,072,610
4,726 Vangent, Inc., Term
Loan .......................................... 7.62 02/14/13 4,602,186
3,591 Wesco Aircraft
Hardware Corp., Term
Loan .......................................... 7.45 to 10.95 09/29/13 to 03/28/14 3,565,534
7,192 Wyle Laboratories, Inc.,
Term Loan ..................................... 8.11 to 8.13 01/28/11 7,084,540
--------------
62,407,450
--------------
AUTOMOTIVE 6.1%
6,428 Accuride Corp., Term
Loan .......................................... 7.13 01/31/12 6,307,653
1,980 Acument Global
Technologies, Inc.,
Term Loan ..................................... 8.70 08/11/13 1,950,300
4,450 Dana Corp., Term Loan (a) ........................ 7.98 04/13/08 4,430,927
750 Federal-Mogul Corp.,
Term Loan (a) ................................. 6.65 12/31/07 747,206
19,106 Ford Motor Co., Term
Loan (a) ...................................... 8.70 12/15/13 18,428,235
3,292 Heartland Automotive
Holdings, Inc., Term
Loan .......................................... 12.25 02/27/12 3,184,789
9,541 MetoKote Corp., Term
Loan .......................................... 7.76 to 8.55 11/27/11 9,409,612
2,180 Navistar International
Corp., Revolving
Credit Agreement .............................. 4.98 to 8.23 01/19/12 2,147,027
5,995 Navistar International
Corp., Term Loan .............................. 8.23 01/19/12 5,904,326
8,866 Oshkosh Truck Corp.,
Term Loan ..................................... 7.45 12/06/13 8,737,526
610 Performance
Transportation
Services, Inc.,
Revolving Credit
Agreement ..................................... 8.80 01/26/12 564,647
421 Performance
Transportation
Services, Inc., Term
Loan .......................................... 9.75 01/26/12 389,390
6,983 Polypore, Inc., Term
Loan .......................................... 7.07 07/03/14 6,816,666
1,485 Precision Partners, Inc.,
Term Loan ..................................... 8.70 10/27/13 1,433,025
7,411 Sensata Technologies,
Inc., Term Loan ............................... 6.64 to 6.76 04/27/13 7,229,238
2,908 United Components,
Inc., Term Loan ............................... 7.38 06/30/12 2,852,991
7,000 Veyance Technologies,
Inc., Term Loan ............................... 7.46 07/31/14 6,889,169
--------------
87,422,727
--------------
BANKING 0.9%
13,558 Dollar Financial Corp.,
Term Loan ..................................... 7.95 to 8.20 10/30/12 13,218,603
--------------
BEVERAGE, FOOD & TOBACCO 12.1%
10,832 Acosta Sales Co., Inc.,
Term Loan ..................................... 7.01 07/28/13 10,615,591
9,331 Advantage Sales &
Marketing, LLC, Term
Loan .......................................... 6.82 to 7.20 03/29/13 9,016,341
1,275 B&G Foods, Inc., Term
Loan .......................................... 7.51 02/23/13 1,259,420
10,185 Birds Eye Foods, Inc.,
Term Loan ..................................... 6.95 to 10.50 07/11/12 to 03/22/13 9,868,307
10,663 Coleman Natural Foods,
LLC, Term Loan ................................ 10.01 08/22/12 9,649,991
3,533 Coleman Natural Foods,
LLC, Term Loan (b) ............................ 15.01 to 15.06 08/22/13 3,038,054
7,481 Culligan International
Co., Term Loan ................................ 7.07 to 7.45 11/24/12 7,013,672
4,950 DCI Cheese Co., Term
Loan .......................................... 8.45 08/07/13 4,956,187
22,473 Dole Food Co., Inc.,
Term Loan (a) ................................. 5.11 to 8.50 04/12/13 21,862,991
14,262 DS Waters of America,
Inc., Term Loan ............................... 7.07 to 7.38 10/25/12 13,941,472
4,950 DSW Holdings, Inc.,
Term Loan ..................................... 9.13 03/07/12 4,826,250
5,032 Farley's & Sathers
Candy Co., Inc., Term
Loan .......................................... 7.99 to 11.38 06/15/10 to 03/24/11 5,015,591
5,925 FSB Holdings, Inc.,
Term Loan ..................................... 7.38 to 10.94 09/29/13 to 03/29/14 5,821,125
6,520 Luigino's, Inc., Term
Loan .......................................... 8.06 to 8.44 04/02/11 6,405,464
1,116 Mafco Worldwide Corp.,
Term Loan ..................................... 7.57 to 7.60 12/08/11 1,084,912
7,843 Michael Foods, Inc.,
Term Loan ..................................... 7.36 11/21/10 7,745,432
3,754 National Dairy Holdings,
LP, Term Loan ................................. 6.82 03/15/12 3,669,674
6,259 OSI Group, LLC, Term
Loan .......................................... 7.20 09/02/11 6,106,295
6,884 PBM Products, LLC,
Term Loan ..................................... 7.26 09/29/12 6,815,392
8,608 Pierre Foods, Inc., Term
Loan .......................................... 9.53 06/30/10 8,500,605
19,605 Pinnacle Foods Finance,
LLC, Term Loan ................................ 7.95 04/02/14 18,999,565
1,680 Pinnacle Foods Group,
Inc., Revolving Credit
Agreement ..................................... 7.50 04/02/13 1,604,400
1,642 Smart Balance, Inc.,
Term Loan ..................................... 8.38 05/18/14 1,580,184
309 Volume Services
America, Inc.,
Revolving Credit
Agreement ..................................... 9.00 04/01/10 300,023
3,900 Volume Services
America, Inc., Term
Loan .......................................... 8.43 to 8.75 10/01/10 3,861,000
--------------
173,557,938
--------------
BROADCASTING - CABLE 5.9%
4,216 Cequel
Communications,
LLC, Term Loan ................................ 7.24 to 8.50 11/05/13 4,091,779
51,500 Charter
Communications
Operating, LLC, Term
Loan (a) ...................................... 6.99 to 7.70 03/06/14 to 09/06/14 49,573,558
750 CW Media Holdings,
Inc., (Canada),
Term Loan (a) ................................. 8.50 02/15/15 750,000
4,975 Discovery
Communications
Holding, LLC, Term
Loan .......................................... 7.20 05/14/14 4,921,106
6,434 Knology, Inc., Term
Loan .......................................... 7.48 06/30/12 6,240,859
9,689 MCC Iowa, LLC, Term
Loan .......................................... 6.61 03/31/10 to 01/31/15 9,410,236
1,835 Mediacom
Communications
Corp., Term Loan .............................. 6.36 to 7.02 03/31/10 1,763,684
2,382 Mediacom Illinois, LLC,
Term Loan ..................................... 6.61 01/31/15 2,316,867
4,988 RCN Corp., Term Loan ............................. 7.50 05/25/14 4,853,461
--------------
83,921,550
--------------
BROADCASTING - DIVERSIFIED 1.1%
8,700 Alpha Topco, Ltd.,
(United Kingdom),
Term Loan ..................................... 7.92 to 9.04 12/31/13 to 06/30/14 8,538,150
4,921 Cumulus Media, Inc.,
Term Loan ..................................... 6.50 to 7.45 06/11/14 4,863,588
2,637 NEP II, Inc., Term Loan .......................... 7.45 02/16/14 2,523,032
--------------
15,924,770
--------------
BROADCASTING - RADIO 3.1%
5,000 Citadel Broadcasting
Corp., Term Loan .............................. 6.39 to 6.83 06/12/14 4,811,250
6,833 CMP KC, LLC, Term
Loan .......................................... 9.13 to 9.38 05/03/11 6,457,483
12,282 CMP Susquehanna
Corp., Term Loan .............................. 6.85 to 7.39 05/05/13 11,913,564
3,634 Emmis Operating Co.,
Term Loan ..................................... 7.17 11/01/13 3,556,533
1,773 LBI Media, Inc., Term
Loan .......................................... 6.32 03/31/12 1,702,080
4,929 Multicultural Radio
Broadcasting, Inc.,
Term Loan ..................................... 8.47 to 11.47 12/18/12 to 06/18/13 4,880,184
5,128 NextMedia Operating,
Inc., Term Loan ............................... 7.05 to 9.36 11/15/12 to 11/15/13 4,904,349
2,729 Regent Broadcasting,
LLC, Term Loan ................................ 7.45 11/21/13 2,678,199
3,395 Spanish Broadcasting
System, Inc., Term
Loan .......................................... 6.95 06/11/12 3,221,348
--------------
44,124,990
--------------
BROADCASTING - TELEVISION 4.3%
1,980 Barrington
Broadcasting, LLC,
Term Loan ..................................... 7.45 to 7.75 08/12/13 1,957,725
3,500 NV Broadcasting, LLC,
Term Loan ..................................... 8.13 11/01/13 3,482,500
4,862 Sunshine Acquisition,
Ltd., Term Loan ............................... 7.17 03/20/12 4,771,085
53,322 Univision
Communications, Inc.,
Term Loan ..................................... 7.00 to 7.25 03/29/09 to 09/29/14 50,844,589
--------------
61,055,899
--------------
BUILDINGS & REAL ESTATE 5.9%
2,500 California Coastal
Communities, Inc.,
Term Loan ..................................... 7.79 09/15/11 2,475,000
2,500 El Ad IDB Las Vegas,
LLC, Term Loan (a) ............................ 7.87 08/10/08 2,475,000
20,871 Ginn LA CS Borrower,
LLC, Term Loan (b) ............................ 8.60 to 12.70 06/08/11 to 06/08/12 16,463,186
5,200 Kyle Acquisition Group,
LLC, Term Loan ................................ 8.38 07/20/08 to 07/20/10 4,849,000
602 Lake at Las Vegas Joint
Venture, LLC,
Revolving Credit
Agreement (b) ................................. 24.60 06/20/12 395,216
5,474 Lake at Las Vegas Joint
Venture, LLC, Term
Loan (b) ...................................... 11.21 to 15.31 01/24/08 to 06/20/12 3,936,637
4,367 Landsource
Communities
Development, LLC,
Term Loan ..................................... 8.25 02/27/13 3,891,307
4,800 LNR Property Corp.,
Term Loan ..................................... 8.11 07/12/11 4,692,000
3,103 London Arena &
Waterfront Finance,
LLC, (United
Kingdom), Term
Loan .......................................... 8.20 03/08/12 3,087,236
4,571 NLV Holdings, LLC,
Term Loan ..................................... 7.57 to 11.82 05/09/11 to 05/30/12 3,813,827
7,485 Realogy Corp., Term
Loan .......................................... 7.97 to 8.24 10/10/13 6,976,232
2,600 Re/Max International,
Inc., Term Loan ............................... 7.24 to 7.47 12/15/07 2,574,000
3,564 Shea Capital I, LLC,
Term Loan ..................................... 7.20 10/27/11 3,056,130
1,546 Shea Mountain House,
LLC, Term Loan ................................ 6.75 05/11/11 1,321,899
3,732 South Edge, LLC, Term
Loan .......................................... 6.56 to 6.81 10/31/08 to 10/31/09 3,427,766
540 Standard Pacific Corp.,
Term Loan ..................................... 7.27 05/05/13 456,300
5,946 Tamarack Resort, LLC,
Term Loan ..................................... 8.45 to 11.75 05/19/11 5,202,750
10,500 WCI Communities, Inc,
Term Loan ..................................... 8.62 12/23/10 10,095,750
5,301 Yellowstone
Development, LLC,
Term Loan ..................................... 7.19 09/30/10 5,035,923
--------------
84,225,159
--------------
BUSINESS EQUIPMENT & SERVICES 7.3%
12,431 Affiliated Computer
Services, Inc., Term
Loan .......................................... 6.79 to 7.12 03/20/13 12,298,470
10,074 AlixPartners, LLP, Term
Loan .......................................... 7.25 10/12/13 9,910,175
3,850 Audio Visual Services
Corp., Term Loan .............................. 7.42 02/28/14 3,729,687
1,244 BakerCorp, Term
Loan .......................................... 7.00 to 7.61 05/08/14 1,218,875
5,738 Cellnet Group, Inc.,
Term Loan ..................................... 7.20 to 7.45 07/22/11 5,581,329
2,874 Contec, LLC, Term
Loan .......................................... 7.75 06/15/12 2,823,763
7,755 Crawford & Co., Term
Loan .......................................... 7.45 10/30/13 7,618,861
5,491 Edwards (Cayman
Islands II), Ltd., Term
Loan .......................................... 7.54 to 11.29 05/31/14 to 11/30/14 5,021,775
1,824 Euronet Worldwide, Inc.,
Term Loan (a) ................................. 6.75 to 7.20 04/14/14 1,808,867
4,455 First American Payment
Systems, LP, Term
Loan .......................................... 8.50 10/06/13 4,410,450
4,988 HydroChem Industrial
Services, Inc., Term
Loan .......................................... 7.35 07/12/13 4,962,562
2,494 Information Resources,
Inc., Term Loan ............................... 6.64 to 7.25 05/16/14 2,421,837
3,374 InfoUSA, Inc., Term
Loan .......................................... 7.20 02/14/12 3,322,905
1,983 Itron, Inc., Term Loan ........................... 6.76 to 7.20 04/18/14 1,965,172
2,602 KAR Holdings, Inc.,
Term Loan ..................................... 7.45 10/20/13 2,522,017
3,587 Katun Corp., Term Loan ........................... 9.95 06/30/09 3,532,756
8,188 NCO Financial Systems,
Term Loan ..................................... 8.20 to 8.50 05/15/13 7,968,069
4,988 RGIS Services, LLC,
Term Loan ..................................... 7.25 04/30/14 4,800,469
1,995 SMG Holdings, Inc.,
Term Loan ..................................... 8.23 to 8.31 07/27/14 1,935,150
1,241 Valassis
Communications, Inc.,
Term Loan ..................................... 6.95 03/02/14 1,182,434
15,584 VNU, Inc., Term Loan ............................. 7.36 08/09/13 15,196,250
--------------
104,231,873
--------------
CHEMICALS, PLASTICS & RUBBER 7.1%
1,095 Arizona Chemical Co.,
Term Loan ..................................... 7.54 02/28/13 1,056,193
2,787 Becker-Underwood,
Inc., Term Loan ............................... 8.70 to 10.25 03/31/10 to 09/30/11 2,744,779
2,494 Bond US Holdings, Inc.,
Term Loan ..................................... 8.10 07/10/14 2,431,406
11,400 Brenntag Holdings
GmbH & Co. KG,
(Germany),
Term Loan ..................................... 7.39 to 9.39 01/17/14 to 07/17/15 11,130,373
1,197 Celanese Holdings,
LLC, Term Loan ............................... 5.12 to 6.98 04/02/14 1,178,079
1,000 Cristal Inorganic
Chemicals US, Inc.,
Term Loan ..................................... 7.45 05/15/14 972,083
10,065 Ferro Corp., Term
Loan .......................................... 6.82 to 7.20 06/06/12 9,901,444
4,151 Fibervisions Delaware
Corp., Term Loan .............................. 8.70 03/31/13 3,901,701
2,755 Foamex LP, Term Loan ............................. 7.14 to 8.75 02/12/13 2,656,457
3,719 Georgia Gulf Corp.,
Term Loan ..................................... 7.63 10/03/13 3,679,161
14,255 Hexion Specialty
Chemicals, Inc., Term
Loan .......................................... 7.44 to 7.50 05/05/13 14,137,299
5 Huntsman International,
LLC, Term Loan ................................ 6.64 08/16/12 5,124
8,650 Ineos Holdings, Ltd.,
(United Kingdom),
Term Loan ..................................... 7.45 to 7.95 12/16/13 to 12/23/14 8,586,294
870 INVISTA (Netherlands),
Term Loan ..................................... 6.70 04/30/10 843,900
7,481 ISP Chemco, Inc., Term
Loan .......................................... 6.81 to 7.31 06/04/14 7,324,144
13,221 Kraton Polymers, LLC,
Term Loan ..................................... 7.25 05/12/13 12,923,043
3,831 MacDermid, Inc., Term
Loan .......................................... 7.20 04/12/14 3,738,172
915 Nusil Technology, LLC,
Term Loan ..................................... 7.63 10/24/13 910,624
2,993 OMNOVA Solutions,
Inc., Term Loan ............................... 7.32 to 8.04 05/22/14 2,910,206
4,497 Valley National Gases,
Inc., Term Loan ............................... 7.07 to 7.45 02/28/14 4,294,584
7,950 Wellman, Inc., Term
Loan .......................................... 9.36 to 12.11 02/10/09 to 02/10/10 7,075,913
--------------
102,400,979
--------------
CONSTRUCTION MATERIAL 3.6%
11,790 AXIA, Inc., Term Loan ............................ 9.95 12/21/12 9,432,000
4,356 Beacon Sales
Acquisition, Inc., Term
Loan .......................................... 6.75 to 7.23 09/30/13 4,181,760
1,135 Builders FirstSource,
Inc., Term Loan ............................... 7.25 08/11/11 1,100,974
16,397 Building Materials Corp. .........................
of America, Term
Loan .......................................... 7.81 to 10.81 03/15/14 to 09/15/14 14,776,878
5,396 Building Materials
Holdings Corp., Term
Loan .......................................... 7.70 11/10/13 4,990,838
4,873 Contech Construction
Products, Inc., Term
Loan .......................................... 6.82 to 7.13 01/31/13 4,775,883
1,500 Custom Building
Products, Inc., Term
Loan .......................................... 10.20 04/29/12 1,395,000
1,182 Nortek, Inc., Term Loan .......................... 7.05 to 8.75 08/27/11 1,158,091
3,208 Panolam Industries
International, Inc. ...........................
(Canada), Term Loan ........................... 7.95 09/30/12 3,079,341
5,636 Professional Paint, Inc.,
Term Loan ..................................... 7.63 to 11.56 05/31/12 to 05/31/13 5,354,438
794 Sensus Metering
Systems, Inc., Term
Loan .......................................... 7.12 to 7.50 12/17/10 782,500
--------------
51,027,703
--------------
CONTAINERS, PACKAGING & GLASS 5.8%
2,370 Altivity Packaging, LLC,
Term Loan (a) ................................. 7.00 to 7.45 06/30/13 2,359,207
2,204 Anchor Glass Container
Corp., Term Loan .............................. 7.00 to 7.79 05/03/13 2,181,926
2,500 Berlin Packaging, LLC,
Term Loan ..................................... 8.35 to 8.50 08/14/14 2,462,500
5,423 Berry Plastics Group,
Inc., Term Loan ............................... 7.36 04/03/15 5,277,014
865 Captive Plastics, Inc.,
Term Loan ..................................... 7.95 08/18/11 849,992
11,512 Consolidated Container
Co., LLC, Term Loan ........................... 7.04 to 11.04 03/28/14 to 09/28/14 10,589,858
9,294 Graham Packaging Co.,
LP, Term Loan ................................. 7.50 to 8.00 10/07/11 9,133,133
6,467 Graphic Packaging
International Corp.,
Term Loan ..................................... 7.23 to 7.51 05/16/14 6,436,895
563 Kranson Industries, Inc.,
Revolving Credit
Agreement ..................................... 7.38 to 8.75 07/31/13 548,758
13,508 Kranson Industries, Inc.,
Term Loan ..................................... 7.45 07/31/13 13,305,798
5,930 Packaging Dynamics,
Term Loan ..................................... 7.20 06/09/13 5,722,413
4,045 Pertus Sechzehnte
GmbH, (Germany),
Term Loan ..................................... 7.13 to 7.38 06/13/15 to 06/13/16 3,862,952
4,243 Ranpak Corp., Term
Loan .......................................... 7.59 12/14/11 4,158,013
4,011 Smurfit-Stone Container
Corp., Revolving
Credit Agreement .............................. 7.13 to 8.75 11/01/09 3,935,303
3,898 Smurfit-Stone Container
Corp., Term Loan .............................. 7.13 to 7.63 11/01/11 3,866,700
687 Solo Cup, Inc., Term
Loan .......................................... 8.45 to 9.75 02/27/11 686,364
5,800 Tegrant Holding Corp.,
Term Loan ..................................... 7.88 to 10.63 03/08/14 to 03/08/15 5,559,750
2,569 Unifrax Corp., Term
Loan .......................................... 7.06 05/02/13 2,519,549
--------------
83,456,125
--------------
DIVERSIFIED MANUFACTURING 1.5%
3,048 Arnold Magnectic
Technologies Corp.,
Term Loan ..................................... 8.95 to 10.75 03/06/11 to 03/06/12 3,035,385
2,818 Chart Industries, Inc.,
Term Loan ..................................... 7.19 10/17/12 2,797,252
4,500 Euramax International,
Inc., Term Loan ............................... 13.24 06/29/13 3,928,874
3,491 Jason, Inc., Term Loan ........................... 8.03 04/30/10 3,403,969
6,296 MW Industries, Inc.,
Term Loan ..................................... 8.20 11/01/13 6,327,896
2,739 Wire Rope Corp. of
America, Inc., Term
Loan .......................................... 7.05 to 7.45 02/08/14 2,683,835
--------------
22,177,211
--------------
DURABLE CONSUMER PRODUCTS 0.3%
4,084 Brown Jordan
International, Inc.,
Term Loan ..................................... 9.28 to 10.50 04/30/12 3,961,238
--------------
ECOLOGICAL 2.8%
1,346 Big Dumpster
Acquisition, Inc., Term
Loan .......................................... 7.45 02/05/13 1,278,626
4,477 Casella Waste Systems,
Inc., Term Loan ............................... 7.00 to 7.36 04/28/10 4,406,905
14,859 Energy Solutions, LLC,
Term Loan ..................................... 7.30 to 7.66 06/07/11 to 06/07/13 14,654,447
1,751 Environmental Systems
Products Holdings,
Term Loan ..................................... 7.50 09/12/12 1,654,435
4,328 LVI Services, Inc., Term
Loan .......................................... 9.55 to 9.95 11/16/11 4,176,483
4,942 Synagro Technologies,
Inc., Term Loan ............................... 7.50 to 10.25 04/02/14 to 10/02/14 4,805,842
8,823 Waste Services, Inc.,
Term Loan ..................................... 7.38 03/31/11 8,690,389
--------------
39,667,127
--------------
EDUCATION & CHILD CARE 2.5%
15,000 Cengage Learning
Holdings II, LP, Term
Loan .......................................... 7.95 07/05/14 14,541,660
3,219 Educate, Inc., Term
Loan .......................................... 7.45 to 10.45 06/14/13 to 06/14/14 3,180,391
6,219 Education Management,
LLC, Term Loan ................................ 7.00 06/01/13 6,047,549
12,500 Nelson Education, Ltd.,
(Canada), Term Loan ........................... 7.70 07/05/14 11,734,375
--------------
35,503,975
--------------
ELECTRONICS 4.5%
2,500 Aeroflex, Inc., Revolving
Credit Agreement .............................. 8.12 08/15/13 2,350,000
4,678 AMI Semiconductor,
Inc., Term Loan ............................... 6.82 04/01/12 4,526,165
3,300 Dealer Computer
Services, Inc., Term
Loan .......................................... 10.70 10/26/13 3,308,250
9,910 Dealer Computer
Services, Inc., Term
Loan (a) ...................................... 7.20 10/26/12 9,694,823
1,500 Deutsche Connector
Group, (France),
Term Loan ..................................... 7.89 to 8.14 06/22/14 to 06/22/15 1,422,500
990 H3C Holdings, Ltd.,
(Cayman Islands),
Term Loan ..................................... 8.14 09/28/12 950,400
4,950 Infor Enterprise
Solutions Holdings,
Inc., Term Loan ............................... 8.95 07/28/12 4,826,250
1,382 Intergraph Corp., Term
Loan .......................................... 6.82 to 7.51 05/28/14 1,355,773
7,481 Kronos, Inc., Term
Loan .......................................... 7.45 06/11/14 7,252,137
2,915 Network Solutions, LLC,
Term Loan ..................................... 7.26 to 7.70 03/07/14 2,769,322
2,481 Nuance
Communications, Inc.,
Term Loan ..................................... 6.76 03/31/13 2,418,306
9,970 Open Solutions, Inc.,
Term Loan ..................................... 7.28 01/23/14 9,564,577
4,309 Open Text Corp., Term
Loan .......................................... 7.00 10/02/13 4,241,850
594 Stratus Technologies,
Inc., Term Loan ............................... 8.95 03/29/11 561,330
342 Sungard Data Systems,
Inc., Revolving Credit
Agreement ..................................... 7.75 08/11/11 321,028
2,606 Sungard Data Systems,
Inc., Term Loan ............................... 7.36 02/28/14 2,576,371
7,038 Verint Systems, Inc.,
Term Loan ..................................... 8.11 05/25/14 6,880,097
--------------
65,019,179
--------------
ENTERTAINMENT & LEISURE 9.1%
7,382 Bombardier Capital, Inc.,
Term Loan ..................................... 7.63 to 7.70 06/28/13 7,188,494
4,102 Cedar Fair, LP, Term
Loan .......................................... 7.13 to 8.75 08/30/12 4,027,857
2,410 Cinemark USA, Inc.,
Term Loan ..................................... 6.98 to 7.45 10/05/13 2,360,360
5,852 Fender Musical
Instruments Corp.,
Term Loan ..................................... 7.65 06/09/14 5,647,180
2,729 Gibson Guitar Corp.,
Term Loan ..................................... 7.70 12/29/13 2,674,788
6,000 Hicks Sports Group,
LLC, Term Loan ................................ 7.75 12/22/10 5,895,000
231 Metro-Goldwyn-Mayer
Studios, Inc.,
Revolving Credit
Agreement ..................................... 8.12 04/08/10 214,615
48,627 Metro-Goldwyn-Mayer
Studios, Inc., Term
Loan .......................................... 8.45 04/08/12 46,742,564
4,929 Mets, LP, Term Loan .............................. 6.86 07/25/10 4,830,000
5,714 Panavision, Inc., Term
Loan .......................................... 8.44 to 9.04 03/30/11 5,520,757
2,067 Playcore Holdings, Inc.,
Term Loan ..................................... 7.70 to 9.00 02/21/14 2,015,086
22,824 Regal Cinemas, Inc.,
Term Loan ..................................... 6.70 10/27/13 22,350,168
3,990 Tigers Ballpark, LLC,
Term Loan ..................................... 6.94 08/15/10 3,990,000
12,478 True Temper Sports,
Inc., Term Loan ............................... 8.62 to 10.51 03/15/11 to 06/30/11 11,850,043
5,553 Universal City
Development Partners,
LP, Term Loan ................................. 7.10 to 7.64 06/09/11 5,504,141
--------------
130,811,053
--------------
FARMING & AGRICULTURE 0.7%
10,369 Wm. Bolthouse Farms,
Inc., Term Loan (a) ........................... 7.50 to 10.70 12/16/12 to 12/16/13 10,279,291
--------------
FINANCE 6.6%
3,601 DCS Business Services,
Inc., Term Loan .............................. 10.50 to 13.25 02/04/11 to 08/04/11 3,129,668
16,000 First Data Corp., Term
Loan .......................................... 7.96 09/24/14 15,457,392
7,648 Grosvenor Capital
Management
Holdings, LLP, Term
Loan .......................................... 7.13 to 7.58 12/05/13 7,532,959
6,213 iPayment, Inc., Term
Loan .......................................... 6.75 to 7.20 05/10/13 5,933,182
11,596 LPL Holdings, Inc.,
Term Loan ..................................... 7.20 06/28/13 11,451,102
2,000 Metavante Corp., Term
Loan B ........................................ 6.66 11/01/14 1,957,500
1,946 Munder Capital
Management, Term
Loan .......................................... 6.82 to 6.98 12/29/12 1,916,503
10,633 National Processing
Co. Group,
Term Loan ..................................... 8.13 to 11.74 09/29/12 to 09/29/14 10,491,823
8,511 Outsourcing Solutions,
Inc., Term Loan ............................... 10.32 09/30/10 8,468,031
9,391 Oxford Acquisition III,
Ltd., (United Kingdom),
Term Loan ..................................... 6.90 05/11/14 8,936,713
4,779 Riskmetrics Group
Holdings, LLC, Term
Loan .......................................... 7.45 to 10.70 01/11/14 to 07/14/14 4,733,498
7,500 RJO Holdings Corp.,
Term Loan ..................................... 7.76 to 11.51 07/12/14 to 06/15/15 6,881,250
7,323 Transfirst Holdings, Inc.,
Term Loan ..................................... 7.95 to 11.20 06/15/14 to 06/15/15 7,052,169
--------------
93,941,790
--------------
GROCERY 0.7%
9,719 Roundy's Supermarkets,
Inc., Term Loan ............................... 8.46 11/03/11 9,687,103
--------------
HEALTH & BEAUTY 2.4%
7,656 American Safety Razor
Co., Term Loan (a) ............................ 7.35 to 11.69 07/31/13 to 01/30/14 7,621,688
3,690 Bare Escentuals Beauty,
Inc., Term Loan (a) ........................... 7.35 02/18/12 3,652,662
6,594 Marietta Intermediate
Holdings Corp., Term
Loan (b) ...................................... 9.12 to 13.15 12/17/10 to 12/17/11 5,662,881
4,275 Philosophy, Inc., Term
Loan .......................................... 6.85 to 6.99 03/16/14 3,825,785
13,453 Prestige Brands
Holdings, Inc., Term
Loan .......................................... 7.09 to 7.76 04/06/11 13,385,912
--------------
34,148,928
--------------
HEALTHCARE 15.3%
8,635 American Medical
Systems, Inc., Term
Loan .......................................... 7.44 to 7.81 07/20/12 8,429,676
19,650 Capella Healthcare, Inc.,
Term Loan ..................................... 7.70 to 10.70 11/30/12 to 11/30/13 19,165,081
7,481 Cardinal Health, Inc.,
Term Loan ..................................... 7.45 04/10/14 7,208,888
399 Cardinal Health,
Revolving Credit
Agreement ..................................... 5.09 to 7.46 04/10/14 365,846
23,453 Community Health
Systems, Inc., Term
Loan (a) ...................................... 7.76 07/25/14 22,940,171
2,244 Concentra, Inc., Term
Loan .......................................... 7.45 06/25/14 2,185,460
5,396 CRC Health Group,
Inc., Term Loan ............................... 7.45 to 7.61 02/06/13 5,278,272
9,351 DSI Renal, Inc., Term
Loan .......................................... 7.50 03/31/13 9,164,065
1,070 Emdeon Business
Services, LLC, Term
Loan .......................................... 7.45 11/16/13 1,053,847
2,459 FHC Health Systems,
Inc., Term Loan (a) ........................... 12.33 to 14.33 12/18/09 2,495,785
1,048 Genoa Healthcare
Group, LLC, Term
Loan .......................................... 8.70 to 9.50 08/10/12 1,041,792
546 Golden Living, Term
Loan .......................................... 7.57 03/14/11 543,697
8,432 Harlan Sprague Dawley,
Inc., Term Loan ............................... 7.50 to 7.75 07/11/14 8,316,105
34,104 HCA, Inc., Term Loan ............................. 7.20 to 7.45 11/17/12 to 11/17/13 33,314,488
14,030 Health Management
Associates, Inc., Term
Loan .......................................... 6.50 to 6.95 02/28/14 13,437,146
4,042 HealthCare Partners,
LLC, Term Loan ................................ 6.58 10/31/13 3,940,672
5,607 Iasis Healthcare, LLC,
Term Loan ..................................... 7.07 to 7.72 03/15/14 5,359,985
10,973 Inverness Medical
Innovations, Inc.,
Term Loan ..................................... 7.20 06/26/14 10,766,766
11,773 Lifepoint Hospitals, Inc.,
Term Loan ..................................... 7.17 04/15/12 11,568,977
809 Matria Healthcare, Inc.,
Term Loan ..................................... 7.20 to 7.50 01/19/12 792,725
25,617 Multiplan, Inc., Term
Loan .......................................... 7.25 04/12/13 25,126,325
900 Select Medical Corp.,
Revolving Credit
Agreement ..................................... 7.37 to 9.00 02/24/11 832,500
2,963 Sterigenics International,
Inc., Term Loan ............................... 7.76 to 7.95 11/21/13 2,867,145
2,318 Sun Healthcare Group,
Inc., Term Loan ............................... 6.89 to 7.38 04/12/14 2,260,472
336 Surgical Care Affiliates,
LLC, Revolving Credit
Agreement ..................................... 7.45 06/29/13 305,760
11,970 Surgical Care Affiliates,
LLC, Term Loan ................................ 7.45 12/29/14 11,551,050
3,806 United Surgical Partners
International, Inc.,
Term Loan ..................................... 7.37 to 7.43 04/19/14 3,670,224
4,489 Viant Holdings, Inc.,
Term Loan ..................................... 7.45 06/25/14 4,208,203
--------------
218,191,123
--------------
HOME & OFFICE FURNISHINGS, HOUSEWARES & DURABLE
CONSUMER PRODUCTS 1.4%
7,960 Generation Brands,
LLC, Term Loan ................................ 7.64 to 11.63 12/20/12 to 06/20/13 7,109,078
42 Hunter Fan Co.,
Revolving Credit
Agreement ..................................... 9.00 04/16/13 37,500
2,368 Hunter Fan Co., Term
Loan .......................................... 8.03 to 12.28 04/16/14 to 10/16/14 2,075,172
498 Lenox, Inc., Term Loan ........................... 9.32 to 9.57 04/20/13 467,650
11,100 National Bedding Co.,
LLC, Term Loan ................................ 9.75 08/31/12 10,295,250
--------------
19,984,650
--------------
HOTELS, MOTELS, INNS & GAMING 7.4%
1,329 Bally Technologies, Inc.,
Term Loan (a) ................................. 8.64 09/04/09 1,325,085
7,642 BLB Worldwide
Holdings, Inc., Term
Loan .......................................... 7.26 to 9.72 08/23/11 to 07/18/12 7,394,719
8,171 Cannery Casino
Resorts, LLC, Term
Loan .......................................... 7.46 to 7.97 05/18/13 7,936,145
955 Golden Nugget, Inc.,
Term Loan ..................................... 6.82 to 7.05 06/30/14 928,295
10,417 Greektown Casino, LLC,
Term Loan ..................................... 8.00 12/03/12 10,052,473
4,745 Green Valley Ranch
Gaming, LLC, Term
Loan .......................................... 7.20 to 7.54 02/16/14 4,650,345
1,638 Greenwood Racing,
Inc., Term Loan ............................... 7.01 11/28/11 1,606,920
9,387 Herbst Gaming, Inc.,
Term Loan ..................................... 8.14 to 8.20 12/02/11 9,344,634
3,286 Isle of Capri Casinos,
Inc., Term Loan ............................... 6.64 to 6.74 07/26/14 3,171,287
5,351 Kuilima Resort Co.,
Term Loan (c) ................................. 13.00 09/30/11 2,006,644
13,621 Las Vegas Sands,
LLC/Venetian Casino,
Term Loan ..................................... 6.95 05/23/14 13,245,802
3,700 Magnolia Hill, LLC,
Term Loan ..................................... 8.02 10/30/13 3,700,000
7,500 MGM Mirage, Term
Loan .......................................... 6.11 to 6.53 10/03/11 7,253,910
2,500 Riviera Holdings Corp.,
Term Loan ..................................... 7.20 06/08/14 2,478,125
873 Scientific Games Corp.,
Revolving Credit
Agreement ..................................... 6.76 to 8.50 12/23/09 859,905
12,300 Venetian Macau, Ltd.,
Term Loan ..................................... 7.45 to 8.20 05/26/12 to 05/26/13 12,070,470
8,766 Wimar OpCo LLC, Term
Loan .......................................... 7.45 01/03/12 8,568,485
9,547 Yonkers Racing Corp.,
Term Loan ..................................... 10.88 08/12/11 9,570,460
--------------
106,163,704
--------------
INSURANCE 4.4%
9,975 AmWins Group, Inc.,
Term Loan ..................................... 8.05 to 8.17 06/08/13 9,476,250
4,950 Applied Systems, Inc.,
Term Loan ..................................... 7.40 to 7.70 09/26/13 4,851,000
2,488 Audatex North America,
Inc., Term Loan ............................... 7.69 05/16/14 2,450,187
3,318 CCC Information
Services Group, Inc.,
Term Loan (a) ................................. 7.71 02/10/13 3,289,011
7,500 Concord Re, Ltd., Term
Loan (a) ...................................... 9.23 02/29/12 7,462,500
7,869 HMSC Holdings Corp.,
Term Loan ..................................... 7.46 to 10.71 04/03/14 to 10/03/14 7,450,563
8,439 Mitchell International,
Inc., Term Loan ............................... 7.20 to 10.50 03/28/14 to 03/28/15 7,851,440
400 USI Holdings Corp.,
Revolving Credit
Agreement ..................................... 7.70 05/05/13 372,000
6,650 USI Holdings Corp.,
Term Loan ..................................... 7.95 05/05/14 6,550,250
12,923 Vertafore, Inc., Term
Loan .......................................... 8.01 to 11.51 01/31/12 to 01/31/13 12,642,412
--------------
62,395,613
--------------
MACHINERY 1.3%
8,695 Alliance Laundry
Holdings, LLC, Term
Loan (a) ...................................... 7.67 to 7.86 01/27/12 8,651,986
985 Douglas Dynamics
Holdings, Inc., Term
Loan .......................................... 7.45 05/21/13 940,687
3,510 Gleason, Inc., Term
Loan .......................................... 7.25 to 7.75 06/30/13 3,478,975
4,480 Stolle Machinery Co.,
LLC, Term Loan ................................ 7.50 to 11.25 09/29/12 to 09/29/13 4,424,000
1,093 United Rentals (North
America), Inc., Term
Loan .......................................... 7.13 02/14/11 1,089,564
--------------
18,585,212
--------------
MEDICAL PRODUCTS & SERVICES 3.8%
2,358 Accellent, Inc., Term
Loan .......................................... 8.01 11/22/12 2,251,890
3,731 Advanced Medical
Optics, Inc., Term
Loan .......................................... 6.57 to 7.29 04/02/14 3,600,657
8,170 AGA Medical Corp.,
Term Loan ..................................... 7.17 04/28/13 7,812,618
20,000 Biomet, Inc., Term Loan (a).. 8.20 ............... 03/25/15 19,930,680
7,500 Carestream Health, Inc.,
Term Loan ..................................... 6.75 to 7.33 04/30/13 7,272,660
2,500 Hologic, Inc., Term
Loan .......................................... 7.50 03/31/13 2,490,625
11,000 VWR Funding, Inc.,
Term Loan ..................................... 7.70 06/29/14 10,645,943
--------------
54,005,073
--------------
MINING, STEEL, IRON & NON-PRECIOUS METALS 0.5%
976 John Maneely Co., Term
Loan .......................................... 8.50 to 8.61 12/08/13 912,228
6,650 Novelis Corp., Term
Loan .......................................... 7.20 07/06/14 6,480,977
--------------
7,393,205
--------------
NATURAL RESOURCES 2.5%
468 Boston Generating,
LLC, Revolving Credit
Agreement ..................................... 7.57 12/20/13 460,146
9,175 Boston Generating,
LLC, Term Loan ................................ 7.45 12/20/13 9,015,742
4,200 CDX Funding, LLC,
Term Loan ..................................... 11.39 03/31/13 4,053,000
2,969 Dresser, Inc., Term
Loan .......................................... 7.32 to 8.01 05/04/14 2,914,676
5,318 El Paso Corp., Term
Loan .......................................... 6.44 08/01/11 5,254,652
2,494 Hercules Offshore, Inc.,
Term Loan ..................................... 6.99 07/11/13 2,465,695
1,475 Hudson Products
Holdings, Inc., Term
Loan .......................................... 7.88 to 7.89 12/05/13 1,452,703
2,358 Key Energy Services
Group, Inc., Term
Loan .......................................... 7.25 to 7.86 06/30/12 2,351,369
682 Targa Resources, Inc.,
Term Loan ..................................... 7.20 to 7.54 10/31/12 677,134
2,263 Western Refining, Inc.,
Term Loan ..................................... 6.57 05/30/14 2,221,963
5,500 Willbros USA, Inc.,
Term Loan ..................................... 9.75 10/27/09 5,458,750
--------------
36,325,830
--------------
NON-DURABLE CONSUMER PRODUCTS 4.1%
13,984 Aearo Technologies,
Inc., Term Loan ............................... 7.45 to 10.70 09/24/13 to 06/01/14 13,514,152
4,080 Amscan Holdings, Inc.,
Term Loan ..................................... 7.35 to 7.75 05/25/13 3,957,115
2,000 Bausch & Lomb, Inc.,
Term Loan (a) ................................. 8.14 04/27/15 2,005,626
9,373 Huish Detergents, Inc.,
Term Loan ..................................... 7.20 to 9.45 04/26/14 to 10/26/14 8,844,654
2,582 JohnsonDiversey, Inc.,
Term Loan ..................................... 7.36 12/16/11 2,554,434
8,800 KIK Custom Products,
Inc., Term Loan ............................... 7.46 to 10.20 05/31/14 to 11/30/14 7,900,000
2,643 Mattress Holdings
Corp., Inc., Term
Loan .......................................... 7.32 to 7.41 01/18/14 2,511,206
1,760 Mega Brands, Inc.,
(Canada), Term Loan ........................... 7.25 07/26/12 1,691,320
501 Spectrum Brands, Inc.,
Revolving Credit
Agreement ..................................... 9.12 03/30/13 494,290
10,111 Spectrum Brands, Inc.,
Term Loan ..................................... 9.24 to 9.75 03/30/13 9,974,488
2,200 Targus Group
International, Inc.,
Term Loan ..................................... 13.87 05/22/13 2,057,000
3,483 Yankee Candle Co.,
Inc., Term Loan ............................... 7.20 02/06/14 3,393,261
--------------
58,897,546
--------------
PAPER & FOREST PRODUCTS 2.4%
3,000 Ainsworth Lumber Co.,
Ltd., Term Loan ............................... 7.82 06/26/14 2,895,000
16,658 Georgia-Pacific Corp.,
Term Loan (a) ................................. 6.95 to 7.47 12/20/12 to 12/29/12 16,290,315
1,142 NewPage Corp., Term
Loan .......................................... 7.37 to 7.48 05/02/11 1,133,381
2,554 Tidi Products, LLC,
Term Loan ..................................... 8.23 to 9.73 12/31/11 2,540,803
7,664 White Birch Paper Co.,
(Canada), Term Loan ........................... 7.95 05/08/14 5,771,070
5,369 Xerium Technologies,
Inc., Term Loan ............................... 7.95 05/18/12 5,094,175
--------------
33,724,744
--------------
PERSONAL & MISCELLANEOUS SERVICES 1.9%
7,973 Affinion Group, Inc.,
Term Loan (a) ................................. 7.50 to 8.00 10/17/12 7,916,590
7,131 Coinmach Laundry
Corp., Term Loan (a) .......................... 7.56 to 7.88 12/19/12 7,095,363
2,427 Omniflight Helicopters,
Inc., Term Loan ............................... 8.42 to 10.00 06/30/11 to 09/30/12 2,390,668
10,600 Sedgwick CMS
Holdings, Inc., Term
Loan .......................................... 7.45 01/31/13 10,434,348
--------------
27,836,969
--------------
PHARMACEUTICALS 1.1%
7,500 Mylan Laboratories, Inc.,
Term Loan ..................................... 9.75 10/15/08 7,462,500
2,729 Stiefel Laboratories,
Inc., Term Loan ............................... 7.50 12/28/13 2,678,199
5,614 Warner Chilcott
Holdings Co., Term
Loan .......................................... 7.20 to 7.36 01/18/12 5,538,236
--------------
15,678,935
--------------
PRINTING & PUBLISHING 13.4%
4,988 Advanstar
Communications, Inc.,
Term Loan ..................................... 7.45 05/31/14 4,750,594
4,950 American Media
Operations, Inc., Term
Loan .......................................... 8.80 01/31/13 4,894,312
3,526 American
Reprographics Co.,
Term Loan ..................................... 6.50 to 6.64 06/18/09 3,471,377
2,274 Ascend Media Holdings,
LLC, Term Loan ................................ 9.20 to 9.70 01/31/12 972,018
1,980 Black Press Group, Ltd.,
(Canada), Term Loan ........................... 7.54 08/02/13 1,945,350
6,588 Canon Communications,
LLC, Term Loan ................................ 7.82 05/31/11 6,546,997
1,995 CanWest MediaWorks,
Ltd., Term Loan (a) ........................... 7.54 07/10/14 1,975,050
1,759 Caribe Information
Investment, Inc., Term
Loan .......................................... 7.21 to 7.76 03/31/13 1,719,113
10,767 Cygnus Business
Media, Inc., Term
Loan .......................................... 8.67 to 8.74 07/13/09 10,713,165
1,000 DRI Holdings, Inc.,
Term Loan ..................................... 8.20 to 8.31 07/03/14 970,000
11,381 Endurance Business
Media, Inc., Term
Loan .......................................... 7.51 to 12.01 07/26/13 to 01/26/14 11,155,733
2,312 FSC Acquisition, LLC,
Term Loan ..................................... 7.47 to 7.50 03/08/14 1,921,773
11,802 F&W Publications, Inc.,
Term Loan (a) ................................. 7.61 to 9.49 02/05/13 to 08/05/13 11,624,790
11,125 Gatehouse Media, Inc.,
Term Loan ..................................... 7.25 to 7.51 08/28/14 10,381,016
10,056 Haights Cross
Operating Co., Term
Loan .......................................... 9.06 to 10.06 08/20/08 10,026,969
5,459 Idearc, Inc., Term Loan .......................... 7.20 11/17/14 5,390,232
1,911 Intermedia Outdoor,
Inc., Term Loan ............................... 8.20 01/31/13 1,862,799
1,998 Knowledgepoint360
Group, LLC, Term
Loan .......................................... 8.78 to 12.53 04/26/14 to 04/26/15 1,992,506
3,521 MC Communications,
LLC, Term Loan ................................ 7.26 to 7.85 12/31/10 3,423,843
5,023 MediaNews Group, Inc.,
Term Loan ..................................... 6.64 to 7.14 12/30/10 to 08/02/13 4,793,619
2,723 MediMedia USA, Inc.,
Term Loan ..................................... 7.18 to 7.63 10/05/13 2,640,826
13,435 Merrill Communications,
LLC, Term Loan ................................ 7.00 to 11.25 05/15/11 to 11/15/13 13,233,741
6,000 Network
Communications, Inc.,
Term Loan ..................................... 6.89 to 7.38 11/30/12 5,879,999
8,529 Penton Media, Inc.,
Term Loan ..................................... 7.23 to 9.98 02/01/13 to 02/01/14 8,075,619
478 Proquest CSA, LLC,
Term Loan ..................................... 7.82 to 8.37 02/09/14 473,137
3,731 Questex Media Group,
Inc., Term Loan ............................... 8.52 to 8.58 05/04/14 3,656,012
8,806 Reader's Digest
Association, Inc.,
Term Loan ..................................... 7.39 to 7.58 03/02/14 8,374,321
1,122 Riverdeep Interactive
Learning USA, Inc.,
Term Loan ..................................... 7.95 12/20/13 1,116,955
1,095 SGS International, Inc.,
Term Loan ..................................... 7.65 to 7.88 12/30/11 1,083,759
2,505 Source Media, Inc.,
Term Loan ..................................... 7.05 11/08/11 2,439,619
1,500 Summit Business Media
Intermediate, Term
Loan .......................................... 7.51 07/06/14 1,477,500
3,805 Thomas Nelson
Publishers, Term
Loan .......................................... 7.07 to 7.54 06/12/12 3,647,657
29,925 Tribune Co., Term
Loan .......................................... 8.24 05/19/14 27,860,175
11,375 Yell Group, PLC, (United
Kingdom), Term Loan ........................... 6.25 to 6.75 04/30/11 to 02/10/13 11,217,093
--------------
191,707,669
--------------
RESTAURANTS & FOOD SERVICE 3.0%
17,317 Aramark Corp., Term
Loan (a) ...................................... 7.20 01/26/14 16,929,129
7,394 Arby's, LLC, Term Loan ........................... 7.00 to 7.45 07/25/12 7,271,286
3,192 Center Cut Hospitality,
Inc., Term Loan ............................... 7.50 07/06/14 3,172,050
3,273 NPC International, Inc.,
Term Loan ..................................... 6.57 to 7.14 05/03/13 3,158,182
558 OSI Restaurant
Partners, LLC,
Revolving Credit
Agreement ..................................... 7.95 06/14/13 538,556
6,925 OSI Restaurant
Partners, LLC, Term
Loan .......................................... 7.06 06/14/13 6,689,679
2,465 Sagittarius Restaurants,
LLC, Term Loan ................................ 7.45 03/29/13 2,280,096
3,085 Sbarro, Inc., Term Loan .......................... 7.88 01/31/14 2,978,470
--------------
43,017,448
--------------
RETAIL - OFFICE PRODUCTS 0.6%
9,463 Corporate Express US
Finance, Inc.,
(Netherlands), Term
Loan (a) ...................................... 6.96 to 7.65 12/23/10 to 12/30/10 9,368,106
--------------
RETAIL - OIL & GAS 0.2%
2,715 The Pantry, Inc., Term
Loan .......................................... 6.51 05/15/14 2,635,652
--------------
RETAIL - SPECIALTY 1.4%
15,309 Nebraska Book Co.,
Inc., Term Loan ............................... 7.65 to 7.70 03/04/11 15,079,380
415 Visant Holding Corp.,
Revolving Credit
Agreement ..................................... 6.80 to 8.25 10/04/10 410,527
4,315 Visant Holding Corp.,
Term Loan ..................................... 7.20 12/21/11 4,285,355
--------------
19,775,262
--------------
RETAIL - STORES 3.4%
2,963 Csk Auto, Inc., Term
Loan (a) ...................................... 8.25 06/29/12 2,955,261
20,000 Dollar General Corp.,
Term Loan (a) ................................. 7.71 07/06/14 19,284,380
963 General Nutrition
Centers, Inc.,
Revolving Credit
Agreement ..................................... 8.75 03/16/12 880,687
6,567 General Nutrition
Centers, Inc., Term
Loan .......................................... 7.48 09/16/13 6,265,332
13,681 Michael's Stores, Inc.,
Term Loan ..................................... 7.38 to 7.63 10/31/13 13,136,774
3,807 Sally Holdings, Inc.,
Term Loan ..................................... 8.01 11/16/13 3,740,777
2,830 Savers, Inc., Term Loan .......................... 7.99 08/11/12 2,759,189
--------------
49,022,400
--------------
TELECOMMUNICATIONS - LOCAL EXCHANGE CARRIERS 1.6%
600 Alaska Communications
Systems Group, Inc.,
Term Loan ..................................... 6.95 02/01/12 588,150
5,000 Fairpoint
Communications, Inc.,
Term Loan (a) ................................. 7.00 02/08/12 4,957,501
4,315 Global Tel*Link Corp.,
Term Loan ..................................... 5.10 to 8.70 02/14/13 4,282,719
1,496 Hargray Acquisition Co.,
Term Loan ..................................... 7.45 06/29/14 1,471,469
3,092 NuVox Transition
Subsidiary, LLC, Term
Loan .......................................... 8.66 to 8.97 05/31/14 3,068,093
1,643 Orius Corp., LLC, Term
Loan (c)(d)(e) ................................ 11.00 to 11.50 01/23/09 to 01/23/10 291,627
2,899 Paetec Holding Corp.,
Term Loan ..................................... 7.25 02/28/13 2,881,198
5,222 Sorenson
Communications, Inc.,
Term Loan ..................................... 8.00 to 12.50 02/16/14 to 04/27/14 5,227,687
--------------
22,768,444
--------------
TELECOMMUNICATIONS - LONG DISTANCE 0.7%
1,650 Intelsat, Ltd., (Bermuda)
Term Loan ..................................... 7.86 02/01/14 1,635,562
6,000 Level 3
Communications, Inc.,
Term Loan ..................................... 7.49 03/13/14 5,857,914
2,434 Time Warner Telecom,
Inc., Term Loan ............................... 6.82 01/07/13 2,395,647
--------------
9,889,123
--------------
TELECOMMUNICATIONS - WIRELESS 1.3%
10,000 Asurion Corp., Term
Loan .......................................... 8.36 07/03/14 9,796,880
7,050 Centennial Cellular, Inc.,
Term Loan (a) ................................. 7.20 to 7.54 02/09/11 6,982,644
1,778 Cricket
Communications, Inc.,
Term Loan ..................................... 7.45 06/16/13 1,756,577
--------------
18,536,101
--------------
TEXTILES & LEATHER 2.1%
6,025 Gold Toe Investment
Corp., Term Loan .............................. 7.60 to 10.99 10/30/13 to 04/30/14 5,918,495
2,232 HanesBrands, Inc.,
Term Loan ..................................... 6.61 to 6.82 09/05/13 2,202,519
6,150 HBI Branded Apparel
Ltd., Inc., Term
Loan .......................................... 8.82 09/05/13 6,192,281
3,850 Levi Strauss & Co., Term
Loan .......................................... 7.57 03/27/14 3,639,855
5,633 Propex Fabrics, Inc.,
Term Loan ..................................... 10.58 07/31/12 5,041,778
4,027 St. John Knits
International, Inc.,
Term Loan ..................................... 8.20 03/21/12 3,966,813
3,470 Varsity Brands, Inc.,
Term Loan ..................................... 8.13 to 9.00 02/22/14 3,418,011
--------------
30,379,752
--------------
TRANSPORTATION - CARGO 0.7%
1,095 Cardinal Logistics
Management, Inc.,
Term Loan ..................................... 8.50 09/23/13 1,061,665
4,988 JHCI Acquisitions, Inc.,
Term Loan ..................................... 7.53 to 7.70 06/19/14 4,688,250
2,097 Kenan Advantage
Group, Inc., Term
Loan .......................................... 8.20 12/16/11 2,060,632
2,835 Quality Distribution, Inc.,
Term Loan ..................................... 7.82 11/13/09 2,763,711
--------------
10,574,258
--------------
TRANSPORTATION - PERSONAL 0.1%
339 Coach America
Holdings, Inc.,
Revolving Credit
Agreement ..................................... 8.05 04/20/14 311,864
1,315 Coach America
Holdings, Inc., Term
Loan .......................................... 7.98 04/20/14 1,210,190
500 US Airways Group, Inc.,
Term Loan ..................................... 7.37 03/24/14 479,286
--------------
2,001,340
--------------
TRANSPORTATION - RAIL MANUFACTURING 0.6%
7,017 Helm Holding Corp.,
Term Loan ..................................... 7.07 to 7.61 07/08/11 6,841,775
2,373 Standard Steel, LLC,
Term Loan ..................................... 7.40 to 7.70 06/30/12 2,337,405
--------------
9,179,180
--------------
UTILITIES 3.6%
1,200 Astoria Generating Co.,
LP, Term Loan (a) ............................. 8.96 08/23/13 1,191,450
4,000 Bicent Power, LLC,
Term Loan ..................................... 7.25 06/30/14 3,930,000
13,507 First Light Power
Resources, Inc., Term
Loan .......................................... 7.75 to 9.75 11/01/13 to 05/01/14 13,018,879
2,570 InfrastruX Group, Inc.,
Term Loan ..................................... 9.25 11/03/12 2,441,227
4,092 Longview Power, LLC,
Term Loan ..................................... 7.13 to 8.00 02/28/14 4,012,718
170 Mirant North America,
LLC, Revolving Credit
Agreement ..................................... 7.75 01/03/12 161,449
2,455 NSG Holdings, LLC,
Term Loan ..................................... 7.21 06/15/14 2,356,596
6,300 Primary Energy
Operating, LLC, Term
Loan .......................................... 8.29 08/24/09 6,185,813
5,822 Thermal North America,
Term Loan ..................................... 7.88 to 7.95 10/24/08 5,803,937
7,522 TPF Generation
Holdings, LLC, Term
Loan .......................................... 7.20 to 9.45 12/15/13 to 12/15/14 7,336,921
4,988 USPF Holdings, LLC,
Term Loan ..................................... 6.96 to 6.99 04/11/14 4,769,297
--------------
51,208,287
--------------
TOTAL VARIABLE RATE** SENIOR LOAN INTERESTS 177.5% ............................................ 2,541,418,287
--------------
NOTES 1.5%
Builders FirstSource, Inc. ($8,700,000 par, 9.81% coupon, maturing
02/15/12) (f) ........................................................................................ 8,221,500
Compression Polymers Corp. ($2,700,000 par, 12.13% coupon, maturing 07/01/12)
(f) .................................................................................................. 2,713,500
Del Laboratories, Inc. ($5,400,000 par, 9.91% coupon, maturing 11/01/11) (f) ............................ 5,535,000
Qwest Corp. ($3,500,000 par, 8.94% coupon, maturing 06/15/13) (f) ....................................... 3,749,375
Verso Paper Holdings, LLC ($1,500,000 par, 8.66% coupon, maturing 08/01/14)
(f)(g) ............................................................................................... 1,515,000
--------------
TOTAL NOTES .............................................................................................. 21,734,375
--------------
EQUITIES 0.0%
Aladdin Gaming Holdings, LLC (7.84% Ownership Interest, Acquired
09/03/04, Cost $470,400) (h)(i)........................................................................ 15,250
Comdisco Holdings Co., Inc. (197 common shares, Acquired 08/15/07,
Cost $7,922) (h)(i) .................................................................................... 2,226
Environmantal Systems Products Holdings, Inc. (9,333 common
shares, Acquired 09/26/07, Cost $0) (h)(i) ............................................................ 0
Environmantal Systems Products Holdings, Inc. (9,333 preferred
shares, Acquired 09/26/07, Cost $449,153) (h)(i) ...................................................... 233,325
Gentek, Inc. (Canada) (1,600 common shares, Acquired 09/19/06,
Cost $0) (h)(i)........................................................................................ 54,400
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) (h)(i) ................................. 117,047
IDT Corp. (22,898 common shares) (h)...................................................................... 183,871
Railworks Corp. (Warrants for 865 common shares, Expiration date
06/14/11, Acquired 02/10/03, Cost $2,135,664) (h)(i)................................................... 0
Rotech Medical Corp. (48,485 common shares, Acquired 06/12/02
Cost $193,940) (h)(i).................................................................................. 0
Safelite Realty (28,448 common shares, Acquired 10/26/00,
Cost $0) (h)(i) ....................................................................................... 0
--------------
TOTAL EQUITIES .......................................................................................... 606,119
--------------
TOTAL LONG-TERM INVESTMENTS 179.0%
(Cost $2,657,993,339)................................................................................... 2,563,758,781
--------------
SHORT-TERM INVESTMENTS 1.5%
REPURCHASE AGREEMENT 1.3%
State Street Bank & Trust Co. ($17,900,000 par collateralized by
U.S. Government obligations in a pooled cash account,
interest rate of 4.45%, dated 10/31/07, to be sold on 11/01/07
at $17,902,213) (a).................................................................................... 17,900,000
TIME DEPOSIT 0.2%
State Street Bank & Trust Corp. ($2,630,218 par, 2.40%
coupon, dated 10/31/07, to be sold on 11/01/07
at $2,630,393) (a)..................................................................................... 2,630,218
--------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $20,530,218)...................................................................................... 20,530,218
--------------
TOTAL INVESTMENTS 180.5%
(Cost $2,678,523,557)................................................................................... 2,584,288,999
BORROWINGS (30.0%)....................................................................................... (430,000,000)
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (48.9%)............................................... (700,363,536)
LIABILITIES IN EXCESS OF OTHER ASSETS (1.6%)............................................................. (21,926,880)
--------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0%............................................................. $1,431,998,583
==============
Percentages are calculated as a percentage of net assets applicable to common shares.
NR - Not rated
(a) All or a portion of this security is designated in connection with unfunded
loan commitments.
(b) Payment-in-kind security.
(c) This Senior Loan interest is non-income producing.
(d) This borrower has filed for protection in federal bankruptcy court.
(e) This borrower is currently in liquidation.
(f) Variable rate security. Interest rate shown is that in effect at October 31, 2007.
(g) 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.
(h) Non-income producing security as the stock or warrant currently does not declare dividends.
(i) 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.
SWAP AGREEMENTS OUTSTANDING AS OF OCTOBER 31, 2007:
CREDIT DEFAULT SWAPS
PAY/
RECEIVE NOTIONAL
REFERENCE BUY/SELL FIXED EXPIRATION AMOUNT UPFRONT
COUNTERPARTY ENTITY/INDEX PROTECTION RATE DATE (000) PAYMENTS VALUE
Goldman Sachs
Credit Standard Pacific
Partners, L..P Corp. Sell 3.40% 03/20/14 $2,500 $ 0 $ (659,928)
Goldman Sachs
Credit Standard Pacific
Partners, L..P Corp. Sell 3.70 06/20/14 2,500 0 (643,793)
Goldman Sachs
Credit K. Hovnanian
Partners, L..P Enterprises, Inc. Sell 2.15 09/20/09 1,500 0 (148,050)
Goldman Sachs
Credit K. Hovnanian
Partners, L..P. Enterprises, Inc. Sell 3.75 06/20/12 1,500 0 (234,751)
------- -----------
TOTAL CREDIT DEFAULT SWAPS ............................................................ $ 0 $(1,686,522)
======= ===========
RATINGS ALLOCATION AS OF 10/31/07
AA/Aa 0.7%
BBB/Baa 0.2%
BB/Ba 46.7%
B/B 29.5%
CCC/Caa 3.0%
Non-Rated 19.9%
RATINGS ALLOCATIONS ARE AS A PERCENTAGE OF DEBT OBLIGATIONS. RATINGS ALLOCATIONS BASED UPON RATINGS AS ISSUED BY STANDARD AND
POOR'S GROUP AND MOODY'S INVESTOR SERVICES, INC., RESPECTIVELY. BANK LOANS RATED BELOW BBB BY STANDARD AND POOR'S GROUP OR
BAA BY MOODY'S INVESTOR SERVICES, INC. ARE CONSIDERED TO BE BELOW INVESTMENT GRADE.
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/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: December 20, 2007
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/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: December 20, 2007
By: /s/ Stuart N. Schuldt
---------------------
Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: December 20, 2007