UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSRS
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-6471
Van Kampen Trust For Investment Grade Municipals
(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
(Address of principal executive offices) (Zip code)
Edward C. Wood III
522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)
Registrants telephone number, including area code: 212-762-4000
Date of fiscal year end: 10/31
Date of reporting period: 4/30/09
Item 1. Report to Shareholders.
The
Trusts semi-annual report transmitted to shareholders
pursuant to Rule 30e-1
under the Investment Company Act of 1940 is as follows:
Welcome, Shareholder
In this report, youll learn about how your investment in
Van Kampen Trust for Investment Grade Municipals performed
during the semiannual period. The portfolio management team will
provide an overview of the market conditions and discuss some of
the factors that affected investment performance during the
reporting period. In addition, this report includes the
trusts financial statements and a list of trust
investments as of April 30, 2009.
Market forecasts provided in this report may not necessarily
come to pass. There is no assurance that the trust will achieve
its investment objective. Trusts are subject to market risk,
which is the possibility that the market values of securities
owned by the trust will decline and that the value of the trust
shares may therefore be less than what you paid for them.
Accordingly, you can lose money investing in this trust.
Income may subject certain individuals to the federal
Alternative Minimum Tax (AMT).
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NOT FDIC INSURED
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OFFER NO BANK GUARANTEE
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MAY LOSE VALUE
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NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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NOT A DEPOSIT
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Performance
Summary
as
of 4/30/09
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Trust
for Investment Grade
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Municipals
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Symbol:
VGM
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Average Annual
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Based
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Based on
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Total
Returns
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on NAV
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Market
Price
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Since Inception (1/24/92)
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5.75
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%
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5.58
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%
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10-year
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3.33
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3.51
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5-year
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0.11
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2.31
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1-year
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11.92
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10.33
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6-month
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14.04
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20.65
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Performance data
quoted represents past performance, which is no guarantee of
future results, and current performance may be lower or higher
than the figures shown. For the most recent month-end
performance figures, please visit vankampen.com or speak with
your financial adviser. Investment returns, net asset value
(NAV) and common share market price will fluctuate and trust
shares, when sold, may be worth more or less than their original
cost.
NAV per share is
determined by dividing the value of the trusts portfolio
securities, cash and other assets, less all liabilities and
preferred shares, by the total number of common shares
outstanding. The common share market price is the price the
market is willing to pay for shares of the trust at a given
time. Common share market price is influenced by a range of
factors, including supply and demand and market conditions.
Total return assumes an investment at the beginning of the
period, reinvestment of all distributions for the period in
accordance with the trusts dividend reinvestment plan, and
sale of all shares at the end of the period. The Trusts
adviser has waived or reimbursed fees and expenses from time to
time; absent such waivers/ reimbursements the trusts
returns would have been lower. Periods of less than a year are
not annualized.
The Lehman Brothers
Municipal Bond Index, which has been shown in the Trusts
previous shareholder reports, changed its name to Barclays
Capital Municipal Bond Index as of November 3, 2008. The
Barclays Capital Municipal Bond Index is generally
representative of investment-grade, tax exempt bonds. The Index
is unmanaged and its returns do not include any sales charges or
fees. Such costs would lower performance. It is not possible to
invest directly in an index.
1
Trust Report
For the six-month
period ended April 30, 2009
Market
Conditions
The six months under review can be divided into two distinct
periods in terms of municipal market performance. The first of
these, spanning the last two months of 2008, marked one of the
worst periods in the history of the financial markets as the
sell off that began in September continued through year end.
Investors fled risky assets in favor of the relative safety of
Treasury securities and money market funds, massive deleveraging
and forced selling ensued, and tax-exempt bond funds experienced
significant outflows. These factors pushed municipal bond prices
to their cheapest levels in history relative to Treasury bonds.
Not surprisingly in this risk-averse environment, the
lower-rated segment of the market underperformed, with
high-yield municipal bonds (those rated below triple-B or
non-rated issues) returning -12.91 percent for the last two
months of 2008 (as measured by the Barclays Capital High Yield
Municipal Bond Index) while triple-B rated issues returned
-7.33 percent and triple-A rated issues returned
3.46 percent (as measured within the Barclays Capital
Municipal Bond Index).
The first four months of 2009 were markedly better for municipal
bond investors. Credit concerns eased, deleveraging slowed
considerably, and investors re-entered the market, driving
municipal bond prices higher. Yields declined by as much as 95
basis points on the front end of the municipal yield curve
during the period, while yields on long-maturity issues fell
roughly 50 basis points. The rally was accompanied by a
narrowing of credit spreads, which helped the high-yield segment
of the market to outperform. As a result, high-yield municipals
returned 10.00 percent, triple-B rated issues returned
11.11 percent and triple-A rated issues returned
4.83 percent for the first four months of 2009.
Although the high-yield segment rebounded nicely in 2009 to
date, the gains were not enough to offset the losses in the last
two months of 2008. As a result, higher-quality issues
outperformed for the overall six-month reporting period. With
regard to sectors, performance was largely dependent on credit
quality, with the lower-quality industrial development
revenue/pollution control revenue (i.e. corporate-backed) and
tobacco sectors turning in the worst performance while water and
sewer and housing bonds posted the highest returns.
For the first four months of 2009, municipal bond issuance was
down 13 percent versus the same period in 2008 yet was
easily placed due to robust retail demand. With the continued
deterioration of credit quality of municipal bond issuers,
insured bond volume represented a mere 12 percent of total
issuance, a dramatic decline from the 55 percent average
over the past few years. This large increase in uninsured bonds
has disrupted many historical measures of value in the municipal
bond market. In a significant reversal from the last months of
2008,
2
municipal bond funds saw approximately $17 billion in net
inflows as investors recognized the historical cheapness of the
municipal sector.
Performance
Analysis
The Trusts return can be calculated based upon either the
market price or the net asset value (NAV) of its shares. NAV per
share is determined by dividing the value of the Trusts
portfolio securities, cash and other assets, less all
liabilities and preferred shares, by the total number of common
shares outstanding, while market price reflects the supply and
demand for the shares. As a result, the two returns can differ,
as they did during the reporting period. On both an NAV basis
and a market price basis, the Trust outperformed the Barclays
Capital Municipal Bond Index (the Index).
Total return for
the six-month period ended April 30, 2009
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Based on
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Based on
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Barclays
Capital
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NAV
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Market
Price
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Municipal
Bond Index
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14.04
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%
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20.65
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%
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8.20
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%
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Performance data
quoted represents past performance, which is no guarantee of
future results, and current performance may be lower or higher
than the figures shown. Investment return, net asset value and
common share market price will fluctuate and Trust shares, when
sold, may be worth more or less than their original cost. See
Performance Summary for additional performance information and
index definition.
The primary contributors to the Trusts performance during
the reporting period included strong security selection in the
industrial development revenue/pollution control revenue
(IDR/PCR) sector. The Trusts holdings in the housing,
airport transportation and public utilities sectors, held in the
form of inverse floating-rate securities,* were additive to
performance. Additionally, the portfolios greater relative
exposure to the long end of the municipal yield curve was
advantageous as longer maturity issues generally outperformed.
Other positions, however, detracted from relative performance. A
significant underweight in tax-supported state and local general
obligation bonds with coupons of 5.0 to 5.5 percent held
back returns as these securities performed well. A modest
underweight in the higher education sector, which performed well
during the period, as well as unfavorable security selection in
the sector hindered returns. Lastly, an overweight in the
tobacco sector was disadvantageous. This was the only sector in
the portfolio that experienced negative returns during the
period.
The Trusts Board of Trustees has approved a procedure
whereby the Trust may, when appropriate, repurchase its shares
in the open market or in privately negotiated transactions at a
price not above market value or NAV, whichever is
*An inverse floating-rate security, or inverse
floater, is a variable rate security whose coupon rate
changes in the opposite direction from the change in the
reference rate used to calculate the coupon rate.
3
lower at the time of purchase. This may help support the market
value of the Trusts shares.
There is no guarantee that any sectors mentioned will
continue to perform as discussed herein or that securities in
such sectors will be held by the Trust in the future.
4
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Ratings
Allocation as of 4/30/09 (Unaudited)
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AAA/Aaa
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27.1
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%
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AA/Aa
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34.0
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A/A
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16.6
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BBB/Baa
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12.9
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BB/Ba
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1.0
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B/B
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0.1
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Non-Rated
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8.3
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Top
Five Sectors as of 4/30/09 (Unaudited)
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Hospital
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20.7
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%
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General Purpose
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7.7
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Public Transportation
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7.7
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Airports
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6.6
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Water & Sewer
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5.1
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Summary
of Investments by State Classification as of 4/30/09
(Unaudited)
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Florida
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18.0
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%
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California
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11.0
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Texas
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10.7
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Illinois
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7.1
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New York
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6.9
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Ohio
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4.9
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New Jersey
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4.0
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South Carolina
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3.0
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North Carolina
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2.7
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Michigan
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2.4
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Arizona
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2.3
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Massachusetts
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2.0
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Georgia
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1.9
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Washington
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1.8
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Colorado
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1.8
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Nevada
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1.6
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Wisconsin
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1.4
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Missouri
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1.4
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Tennessee
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1.3
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Indiana
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1.1
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District of Columbia
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1.0
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Connecticut
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1.0
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Kentucky
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0.9
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Alabama
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0.9
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Louisiana
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0.8
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Pennsylvania
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0.8
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Iowa
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0.8
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Minnesota
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0.8
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Maryland
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0.7
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Kansas
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0.7
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Oklahoma
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0.4
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Alaska
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0.4
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South Dakota
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0.3
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West Virginia
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0.3
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New Hampshire
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0.3
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(continued on next
page)
5
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Summary
of Investments by State Classification as of 4/30/09
(Unaudited)
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(continued from previous page)
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U.S. Virgin Islands
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0.3
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%
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Idaho
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0.3
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Virginia
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0.3
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New Mexico
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0.3
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Rhode Island
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0.3
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Guam
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0.3
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Nebraska
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0.2
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Oregon
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0.2
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Utah
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0.1
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North Dakota
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0.1
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Wyoming
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0.1
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Puerto Rico
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0.1
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Total Investments
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100.0
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%
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Subject to change daily. Provided for informational purposes
only and should not be deemed as a recommendation to buy or sell
the securities mentioned or securities in the sectors shown
above. Ratings allocation and summary of investments by state
classification are as a percentage of total investments. Sectors
are as a percentage of long-term investments. Securities are
classified by sectors that represent broad groupings of related
industries. Van Kampen is a wholly owned subsidiary of a
global securities firm which is engaged in a wide range of
financial services including, for example, securities trading
and brokerage activities, investment banking, research and
analysis, financing and financial advisory services. Rating
allocations based upon ratings as issued by Standard and
Poors and Moodys, respectively.
6
Portfolio
Management
Van Kampen Trust for Investment Grade Municipals is managed
by members of the Advisers Municipal Fixed Income team.
The Municipal Fixed Income team consists of portfolio managers
and analysts. The current members of the team jointly and
primarily responsible for the
day-to-day
management of the Trusts portfolio are William D. Black,
an Executive Director of the Adviser, Thomas Byron, a Vice
President of the Adviser, and Robert W. Wimmel, an Executive
Director of the Adviser.
Mr. Black has been associated with the Adviser in an
investment management capacity since 1998 and began managing the
Trust in December 2007. Mr. Byron has been associated with
the Adviser in an investment management capacity since 1981 and
began managing the Trust in January 1997. Mr. Wimmel has
been associated with the Adviser in an investment management
capacity since 1996 and began managing the Trust in November
2001. All team members are responsible for the execution of the
overall strategy of the Trusts portfolio. The composition
of the team may change from time to time.
For More
Information About Portfolio Holdings
Each Van Kampen trust provides a complete schedule of
portfolio holdings in its semiannual and annual reports within
60 days of the end of the trusts second and fourth
fiscal quarters. The semiannual reports and the annual reports
are filed electronically with the Securities and Exchange
Commission (SEC) on
Form N-CSRS
and
Form N-CSR,
respectively. Van Kampen also delivers the semiannual and
annual reports to fund shareholders, and makes these reports
available on its public Web site, www.vankampen.com. In addition
to the semiannual and annual reports that Van Kampen
delivers to shareholders and makes available through the
Van Kampen public Web site, each fund files a complete
schedule of portfolio holdings with the SEC for the trusts
first and third fiscal quarters on
Form N-Q.
Van Kampen does not deliver the reports for the first and
third fiscal quarters to shareholders, nor are the reports
posted to the Van Kampen public Web site. You may, however,
obtain the
Form N-Q
filings (as well as the
Form N-CSR
and
N-CSRS
filings) by accessing the SECs Web site,
http://www.sec.gov.
You may also review and copy them at the SECs Public
Reference Room in Washington, D.C. Information on the operation
of the SECs Public Reference Room may be obtained by
calling the SEC at
(800) SEC-0330.
You can also request copies of these materials, upon payment of
a duplicating fee, by electronic request at the SECs
e-mail
address (publicinfo@sec.gov) or by writing the Public Reference
section of the SEC, Washington, DC
20549-0102.
You may obtain copies of a trusts fiscal quarter filings
by contacting Van Kampen Client Relations at
(800) 341-2929.
7
Proxy Voting
Policy and Procedures and Proxy Voting Record
You may obtain a copy of the Trusts Proxy Voting Policy
and Procedures without charge, upon request, by calling toll
free
(800) 341-2929
or by visiting our Web site at www.vankampen.com. It is also
available on the Securities and Exchange Commissions Web
site at
http://www.sec.gov.
You may obtain information regarding how the Trust voted proxies
relating to portfolio securities during the most recent
twelve-month period ended June 30 without charge by visiting our
Web site at www.vankampen.com. This information is also
available on the Securities and Exchange Commissions Web
site at
http://www.sec.gov.
8
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009 (Unaudited)
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Par
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Amount
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(000)
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Description
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Coupon
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Maturity
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Value
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Municipal Bonds 187.5%
Alabama 1.7%
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$
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3,660
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Alabama St Brd Ed Rev & Impt Southn Univ St Cmnty Rfdg
(NATL Insd)
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5.250
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%
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07/01/20
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$
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3,801,459
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3,225
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Bessemer, AL Governmental Util Svc Corp Wtr Supply Rev Rfdg,
Ser A (AGL Insd) (a)
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5.000
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06/01/39
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3,169,788
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750
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Birmingham Baptist Med Ctr AL Baptist Hlth Sys, Ser A
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5.875
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11/15/24
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650,355
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2,000
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Healthcare Auth for Baptist Hlth AL, Ser A (b)
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6.125
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11/15/36
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2,008,060
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2,525
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Huntsville Redstone Vlg, AL Spl Care Fac Fin Auth Redstone
Vlg Proj
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5.500
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01/01/43
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1,485,003
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11,114,665
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Alaska 0.7%
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1,575
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Matanuska-Susitna Boro, AK Ctf Partn Pub Safety Bldg Lease
(FSA Insd)
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5.750
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03/01/16
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1,625,494
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5,300
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Northern Tob Sec Corp Rev Bkd, Ser A
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5.000
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06/01/46
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2,775,398
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4,400,892
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Arizona 4.4%
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2,560
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Arizona St Trans Brd Hwy Rev, Ser B
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5.000
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07/01/25
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2,749,670
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3,835
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Arizona St Trans Brd Hwy Rev, Ser B
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5.000
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07/01/26
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4,087,304
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6,075
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Glendale, AZ Indl Dev Auth John C Lincoln Hlth Rfdg, Ser B
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5.000
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12/01/37
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4,611,897
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3,050
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Glendale, AZ Indl Dev Auth Rfdg
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5.000
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12/01/35
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2,306,440
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3,000
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Goodyear, AZ McDowell Rd Coml Corridor Impt Dist Impt
(AMBAC Insd)
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5.250
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01/01/32
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2,668,560
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3,400
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Pima Cnty, AZ Indl Dev Auth Wtr & Wastewtr Rev Global
Wtr Resh LLC Proj (AMT)
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6.550
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12/01/37
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2,367,930
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3,145
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Salt Riv Proj AZ Agric Impt & Pwr Dist Elec Sys Rev,
Ser A
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5.000
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01/01/28
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3,287,091
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8,250
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University of AZ Med Ctr Corp
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5.000
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07/01/35
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6,273,465
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|
|
|
|
|
|
|
|
|
|
|
|
28,352,357
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
California 20.7%
|
$
|
1,300
|
|
|
Anaheim, CA Pub Fin Auth Lease Rev Pub Impt Proj, Ser C
(FSA Insd)
|
|
|
6.000
|
%
|
|
09/01/16
|
|
$
|
1,494,363
|
|
|
6,000
|
|
|
Bay Area Toll Auth CA Toll Brdg Rev San Francisco Bay Area,
Ser F1
|
|
|
5.000
|
|
|
04/01/39
|
|
|
5,917,260
|
|
|
1,250
|
|
|
Beverly Hills, CA Uni Sch Dist Cap Apprec 2008 Election
|
|
|
*
|
|
|
08/01/28
|
|
|
448,950
|
|
|
1,000
|
|
|
California Cnty, CA Tob Agy Tob Sec Sonoma Cnty Corp Rfdg
|
|
|
5.250
|
|
|
06/01/45
|
|
|
530,160
|
|
|
3,000
|
|
|
California Hsg Fin Agy Rev Home Mtg,
Ser G (AMT) (a)
|
|
|
4.950
|
|
|
08/01/23
|
|
|
2,617,320
|
|
|
2,000
|
|
|
California Hsg Fin Agy Rev Home Mtg,
Ser G (AMT) (a)
|
|
|
5.050
|
|
|
02/01/29
|
|
|
1,631,840
|
|
|
7,300
|
|
|
California Hsg Fin Agy Rev Home Mtg,
Ser I (AMT) (a)
|
|
|
4.800
|
|
|
08/01/36
|
|
|
5,541,722
|
|
|
4,800
|
|
|
California Hsg Fin Agy Rev Home Mortgage,
Ser K (AMT) (a)
|
|
|
5.300
|
|
|
08/01/23
|
|
|
4,369,200
|
|
|
5,500
|
|
|
California Hsg Fin Agy Rev Home Mortgage,
Ser K (AMT) (a)
|
|
|
5.450
|
|
|
08/01/28
|
|
|
4,755,410
|
|
|
1,500
|
|
|
California Pollutn Ctl Fin Auth Solid Waste Disp Rev Waste Mgmt
Inc Proj, Ser B (AMT)
|
|
|
5.000
|
|
|
07/01/27
|
|
|
1,265,520
|
|
|
695
|
|
|
California St (AMBAC Insd)
|
|
|
5.125
|
|
|
10/01/27
|
|
|
695,090
|
|
|
990
|
|
|
California St Dept Wtr Res Cent VY Proj Rev Bal Wtr Sys,
Ser X (NATL Insd)
(Prerefunded @ 12/01/12)
|
|
|
5.000
|
|
|
12/01/29
|
|
|
1,004,909
|
|
|
10
|
|
|
California St Dept Wtr Res Cent VY Proj Rev Wtr Sys, Ser X
(FGIC Insd)
(Prerefunded @ 12/01/12)
|
|
|
5.000
|
|
|
12/01/29
|
|
|
11,305
|
|
|
1,500
|
|
|
California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (a)
|
|
|
5.000
|
|
|
12/01/25
|
|
|
1,584,015
|
|
|
1,500
|
|
|
California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (a)
|
|
|
5.000
|
|
|
12/01/26
|
|
|
1,561,050
|
|
|
875
|
|
|
California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (a)
|
|
|
5.000
|
|
|
12/01/27
|
|
|
916,615
|
|
|
2,675
|
|
|
California St Dept Wtr Res Wtr Cent Vy Proj, Ser AE (a)
|
|
|
5.000
|
|
|
12/01/28
|
|
|
2,855,983
|
|
|
5,000
|
|
|
California St Univ Rev & Co Systemwide, Ser A
(AMBAC Insd)
|
|
|
5.000
|
|
|
11/01/33
|
|
|
4,909,900
|
|
|
2,700
|
|
|
California St Var Purp
|
|
|
5.750
|
|
|
04/01/31
|
|
|
2,755,080
|
|
|
9,150
|
|
|
California St Veterans, Ser CD (AMT) (a)
|
|
|
4.600
|
|
|
12/01/32
|
|
|
7,164,176
|
|
10
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
California (Continued)
|
$
|
1,500
|
|
|
California Statewide Cmnty Dev Auth Rev Front Porch
Cmnty & Svc, Ser A (c)
|
|
|
5.125
|
%
|
|
04/01/37
|
|
$
|
981,300
|
|
|
2,700
|
|
|
California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth,
Ser A
|
|
|
5.000
|
|
|
03/01/30
|
|
|
2,295,621
|
|
|
3,750
|
|
|
California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist Hlth,
Ser A
|
|
|
5.000
|
|
|
03/01/35
|
|
|
3,070,163
|
|
|
3,360
|
|
|
California Statewide Cmnty Dev Auth Rev Sutter Hlth, Ser A
|
|
|
5.000
|
|
|
11/15/43
|
|
|
2,921,890
|
|
|
750
|
|
|
Chawanakee, CA Uni Sch Dist Ctf Partn, Ser A (b)
|
|
|
6.250/9.000
|
|
|
05/01/39
|
|
|
749,460
|
|
|
595
|
|
|
Daly City, CA Hsg Dev Fin Agy Mobile Home Pk Rev Third
Tier Franciscan Rfdg, Ser C
|
|
|
6.500
|
|
|
12/15/47
|
|
|
424,098
|
|
|
1,750
|
|
|
Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser A
(NATL Insd)
|
|
|
5.000
|
|
|
09/01/33
|
|
|
1,489,740
|
|
|
3,000
|
|
|
Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc, Ser B
(NATL Insd)
|
|
|
5.000
|
|
|
03/01/33
|
|
|
2,557,890
|
|
|
2,000
|
|
|
Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec Rfdg
(NATL Insd)
|
|
|
*
|
|
|
01/15/17
|
|
|
1,055,560
|
|
|
10,750
|
|
|
Foothill/Eastern Corridor Agy CA Toll Rd Rev Sr Lien,
Ser A (d)
|
|
|
*
|
|
|
01/01/23
|
|
|
6,082,350
|
|
|
3,000
|
|
|
Fremont, CA Uni Sch Dist, Ser A (NATL Insd)
|
|
|
5.000
|
|
|
08/01/25
|
|
|
2,883,540
|
|
|
11,440
|
|
|
Golden St Tob Sec Corp CA Tob Settlement Rev Asset Bkd Sr,
Ser A-1
|
|
|
5.750
|
|
|
06/01/47
|
|
|
6,587,152
|
|
|
4,000
|
|
|
Golden St Tob Sec Corp CA Tob Settlement Rev Enhanced, Ser A
|
|
|
5.000
|
|
|
06/01/45
|
|
|
3,141,160
|
|
|
1,000
|
|
|
Hesperia, CA Pub Fin Auth Rev Redev & Hsg Proj,
Ser A (Syncora Gtd)
|
|
|
5.000
|
|
|
09/01/37
|
|
|
713,330
|
|
|
4,000
|
|
|
Los Angeles, CA Dept Wtr & Pwr, Ser A
(NATL Insd)
|
|
|
5.125
|
|
|
07/01/40
|
|
|
3,923,400
|
|
|
1,800
|
|
|
Los Angeles, CA Uni Sch Dist, Ser D
|
|
|
5.000
|
|
|
07/01/22
|
|
|
1,894,464
|
|
|
2,000
|
|
|
Los Angeles, CA Wtr & Pwr Rev Pwr Sys, Ser B
(FSA Insd)
|
|
|
5.000
|
|
|
07/01/28
|
|
|
2,018,580
|
|
|
2,500
|
|
|
Metropolitan Wtr Dist Southn CA Wtrwks Rev Auth, Ser A
|
|
|
5.000
|
|
|
01/01/34
|
|
|
2,553,675
|
|
11
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
California (Continued)
|
$
|
1,500
|
|
|
Metropolitan Wtr Dist Southn CA Wtrwks Rev Auth, Ser B1
(NATL Insd)
|
|
|
5.000
|
%
|
|
10/01/33
|
|
$
|
1,509,390
|
|
|
660
|
|
|
Morongo Band of Mission Indians CA Enterprise Rev Indians
Enterprise Casino, Ser B (c)
|
|
|
5.500
|
|
|
03/01/18
|
|
|
548,889
|
|
|
3,500
|
|
|
Palm Springs, CA Fin Auth Lease Rev Convention Ctr Proj,
Ser A (NATL Insd)
|
|
|
5.500
|
|
|
11/01/35
|
|
|
3,363,325
|
|
|
1,000
|
|
|
Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser B
(FSA Insd) (b) (e)
|
|
|
2.700
|
|
|
11/01/36
|
|
|
1,000,000
|
|
|
2,275
|
|
|
Palomar Pomerado Hlthcare Dist CA Ctf Partn, Ser C
(FSA Insd) (b) (e)
|
|
|
4.000
|
|
|
11/01/36
|
|
|
2,275,000
|
|
|
3,400
|
|
|
Quechan Indian Tribe Ft Yuma Indian Reservation CA &
Govt Proj
|
|
|
7.000
|
|
|
12/01/27
|
|
|
2,363,408
|
|
|
2,400
|
|
|
Rancho Mirage, CA Jt Pwr Fin Auth Rev Eisenhower Med Ctr,
Ser A
|
|
|
5.000
|
|
|
07/01/47
|
|
|
1,937,928
|
|
|
1,850
|
|
|
San Francisco, CA City & Cnty Arpt Commn Intl Arpt
Rfdg 2nd,
Ser A-4 (AMT) (b)
|
|
|
6.500
|
|
|
05/01/19
|
|
|
1,920,744
|
|
|
1,000
|
|
|
Santa Clara Cnty, CA Brd Ed Ctf Partn Rfdg (NATL Insd)
|
|
|
5.000
|
|
|
04/01/25
|
|
|
961,730
|
|
|
3,000
|
|
|
Temecula, CA Redev Agy Tax Temecula Redev Proj No 1
(NATL Insd)
|
|
|
5.250
|
|
|
08/01/36
|
|
|
2,616,450
|
|
|
4,700
|
|
|
Tobacco Sec Auth Northn CA Tob Settlement Rev,
Ser A-1
|
|
|
5.375
|
|
|
06/01/38
|
|
|
2,838,424
|
|
|
3,550
|
|
|
Tobacco Sec Auth Northn CA Tob Settlement Rev,
Ser A-1
|
|
|
5.500
|
|
|
06/01/45
|
|
|
1,966,949
|
|
|
3,800
|
|
|
Tobacco Sec Auth Southn CA Tob Settlement,
Ser A-1
|
|
|
5.000
|
|
|
06/01/37
|
|
|
2,165,202
|
|
|
9,650
|
|
|
Tobacco Sec Auth Southn CA Tob Settlement,
Ser A-1
|
|
|
5.125
|
|
|
06/01/46
|
|
|
4,988,085
|
|
|
1,600
|
|
|
Turlock, CA Hlth Fac Rev Emanuel Med Ctr Inc
|
|
|
5.375
|
|
|
10/15/34
|
|
|
1,038,112
|
|
|
4,895
|
|
|
Vernon, CA Nat Gas Fin Auth Rev Vernon Gas Proj, Ser C
(NATL Insd) (b) (e)
|
|
|
6.750
|
|
|
08/01/21
|
|
|
5,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133,866,877
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Colorado 3.3%
|
$
|
2,000
|
|
|
Aurora, CO Ctf Partn (AMBAC Insd)
(Prerefunded @ 12/01/10)
|
|
|
5.500
|
%
|
|
12/01/30
|
|
$
|
2,149,420
|
|
|
3,405
|
|
|
Colorado Ed & Cultural Fac Auth Rev Impt Charter Sch
Rfdg (Syncora Gtd)
|
|
|
5.250
|
|
|
12/01/23
|
|
|
3,103,589
|
|
|
800
|
|
|
Colorado Hlth Fac Auth Hlth & Residential Care Fac
Volunteers of Amer Care, Ser A
|
|
|
5.250
|
|
|
07/01/27
|
|
|
519,576
|
|
|
600
|
|
|
Colorado Hlth Fac Auth Hlth & Residential Care Fac
Volunteers of Amer Care, Ser A
|
|
|
5.300
|
|
|
07/01/37
|
|
|
338,226
|
|
|
7,300
|
|
|
Colorado Hlth Fac Auth Rev Catholic Hlth, Ser 2999
(FSA Insd) (a)
|
|
|
5.000
|
|
|
09/01/36
|
|
|
7,046,617
|
|
|
1,125
|
|
|
Colorado Hlth Fac Auth Rev Hosp Portercare Adventist Hlth
(Prerefunded @ 11/15/11)
|
|
|
6.500
|
|
|
11/15/31
|
|
|
1,274,220
|
|
|
1,400
|
|
|
Colorado Hlth Fac Auth Rev Poudre Vly CO Hlth Fac Auth Hosp,
Ser A (FSA Insd)
|
|
|
5.200
|
|
|
03/01/31
|
|
|
1,341,732
|
|
|
1,805
|
|
|
Lakewood, CO Ctf Part (AMBAC Insd) (Prerefunded @ 12/01/10)
|
|
|
5.300
|
|
|
12/01/16
|
|
|
1,935,068
|
|
|
985
|
|
|
Montezuma Cnty, CO Hosp Dist Hlth Fac Enterprise
Hosp Rfdg (f)
|
|
|
5.900
|
|
|
10/01/37
|
|
|
642,053
|
|
|
1,200
|
|
|
North Range, CO Met Dist No 2 Ltd Tax
|
|
|
5.500
|
|
|
12/15/37
|
|
|
619,284
|
|
|
2,050
|
|
|
Salida, CO Hosp Dist Rev
|
|
|
5.250
|
|
|
10/01/36
|
|
|
1,207,922
|
|
|
1,500
|
|
|
University of CO Hosp Auth Rev, Ser A
|
|
|
5.250
|
|
|
11/15/39
|
|
|
1,155,510
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,333,217
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Connecticut 1.8%
|
|
7,500
|
|
|
Connecticut St Hsg Fin Auth Hsg Mtg Fin Pg Sub,
Ser B-2 (AMT)
|
|
|
5.100
|
|
|
05/15/38
|
|
|
6,874,575
|
|
|
3,580
|
|
|
Connecticut St Spl Oblig Pkg Rev Bradley Intl Arpt, Ser A
(ACA Insd) (AMT)
|
|
|
6.600
|
|
|
07/01/24
|
|
|
2,734,368
|
|
|
1,000
|
|
|
Hartford, CT Pkg Sys Rev, Ser A
(Prerefunded @ 7/01/10)
|
|
|
6.500
|
|
|
07/01/25
|
|
|
1,067,730
|
|
|
1,925
|
|
|
Mashantucket Western Pequot Tribe CT 2006 Sub Spl Rev Bd,
Ser A (c)
|
|
|
5.500
|
|
|
09/01/36
|
|
|
922,383
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,599,056
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
District of Columbia 1.9%
|
$
|
1,150
|
|
|
District Columbia Wtr & Swr Auth Pub Util Rev Rfdg Sub
Lien, Ser A (AGL Insd) (a)
|
|
|
5.000
|
%
|
|
10/01/29
|
|
$
|
1,164,617
|
|
|
2,350
|
|
|
District Columbia Wtr & Swr Auth Pub Util Rev Rfdg Sub
Lien, Ser A (AGL Insd) (a)
|
|
|
5.000
|
|
|
10/01/34
|
|
|
2,356,909
|
|
|
6,000
|
|
|
District Columbia Wtr & Swr Auth Pub Util Rev Sub
Lien, Ser A (FSA Insd)
|
|
|
5.500
|
|
|
10/01/41
|
|
|
6,203,820
|
|
|
2,000
|
|
|
District of Columbia Rev Friendship Pub Charter Sch Inc
(ACA Insd)
|
|
|
5.750
|
|
|
06/01/18
|
|
|
1,615,520
|
|
|
5
|
|
|
District of Columbia, Ser E (FSA Insd)
|
|
|
6.000
|
|
|
06/01/13
|
|
|
5,020
|
|
|
1,000
|
|
|
Metropolitan Washington DC Arpt Auth Sys, Ser A
(NATL Insd) (AMT)
|
|
|
5.250
|
|
|
10/01/32
|
|
|
933,610
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,279,496
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Florida 33.8%
|
|
1,000
|
|
|
Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg
|
|
|
5.250
|
|
|
11/15/17
|
|
|
829,930
|
|
|
1,000
|
|
|
Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg
|
|
|
5.875
|
|
|
11/15/36
|
|
|
667,460
|
|
|
500
|
|
|
Alachua Cnty, FL Indl Dev Rev North FL Retirement Vlg
|
|
|
5.875
|
|
|
11/15/42
|
|
|
325,620
|
|
|
340
|
|
|
Beacon Lakes, FL Cmnty Dev FL Spl Assmt, Ser A
|
|
|
6.000
|
|
|
05/01/38
|
|
|
212,990
|
|
|
250
|
|
|
Beacon Lakes, FL Cmnty Dev FL Spl Assmt Sub, Ser B
|
|
|
6.200
|
|
|
05/01/38
|
|
|
153,547
|
|
|
4,960
|
|
|
Brevard Cnty, FL Hlth Fac Auth Hlthcare Fac Rev Hlth First
Inc Proj
|
|
|
5.000
|
|
|
04/01/34
|
|
|
3,880,059
|
|
|
1,780
|
|
|
Brevard Cnty, FL Hlth Fac Auth Residential Care Fac Rev Buena
Vida Estates Inc
|
|
|
6.750
|
|
|
01/01/37
|
|
|
1,277,079
|
|
|
1,000
|
|
|
Broward Cnty, FL Hsg Fin Auth Multi-Family Hsg Rev Pembroke Pk
Apts Proj (AMT)
|
|
|
5.650
|
|
|
10/01/28
|
|
|
976,910
|
|
|
1,500
|
|
|
Capital Tr Agy FL Rev Ft Lauderdale Proj (AMT)
|
|
|
5.750
|
|
|
01/01/32
|
|
|
1,005,285
|
|
|
995
|
|
|
Cross Creek Cmnty Dev Dist FL Spl Assmt Rev Cross Creek Comm
Dev, Ser B (f)
|
|
|
5.500
|
|
|
05/01/17
|
|
|
465,441
|
|
|
565
|
|
|
Escambia Cnty, FL Hlth Fac Auth Rev (AMBAC Insd)
|
|
|
5.950
|
|
|
07/01/20
|
|
|
582,436
|
|
14
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
1,250
|
|
|
Florida Agric & Mechanical Univ Rev Student Apt Fac
(NATL Insd)
|
|
|
6.500
|
%
|
|
07/01/23
|
|
$
|
1,250,812
|
|
|
245
|
|
|
Florida Hsg Fin Agy Homeownership Mtg, Ser B (AMT)
|
|
|
8.595
|
|
|
11/01/18
|
|
|
275,223
|
|
|
2,750
|
|
|
Florida Hsg Fin Agy Hsg Willow Lake Apts,
Ser J-1
(AMBAC Insd) (AMT)
|
|
|
5.350
|
|
|
07/01/27
|
|
|
2,689,472
|
|
|
390
|
|
|
Florida Hsg Fin Corp Rev Homeowner Mtg, Ser 4 (FSA
Insd) (AMT)
|
|
|
6.250
|
|
|
07/01/22
|
|
|
401,567
|
|
|
1,000
|
|
|
Florida Hsg Fin Corp Rev Hsg Wentworth II Apts, Ser A
(AMBAC Insd) (AMT)
|
|
|
5.375
|
|
|
11/01/29
|
|
|
970,400
|
|
|
8,475
|
|
|
Florida Ports Fin Comm Rev St Trans Tr Fd Intermodal Pgm (NATL
Insd) (AMT)
|
|
|
5.500
|
|
|
10/01/29
|
|
|
7,960,568
|
|
|
2,000
|
|
|
Florida Ports Fin Comm Rev St Trans Tr Fd (NATL Insd) (AMT)
|
|
|
5.375
|
|
|
06/01/27
|
|
|
1,873,540
|
|
|
15,000
|
|
|
Florida St Brd Ed Pub Ed Cap Outlay, Ser D (a)
|
|
|
4.750
|
|
|
06/01/35
|
|
|
14,184,900
|
|
|
12,775
|
|
|
Florida St Brd of Ed Cap Outlay Pub Ed Rfdg, Ser D
|
|
|
5.750
|
|
|
06/01/22
|
|
|
13,273,736
|
|
|
4,500
|
|
|
Florida St Brd of Ed Cap Outlay Pub Ed, Ser C (FGIC
Insd)
(Prerefunded @ 6/01/10)
|
|
|
5.750
|
|
|
06/01/29
|
|
|
4,798,665
|
|
|
2,000
|
|
|
Florida St Brd of Ed Lottery Rev, Ser A (NATL Insd)
|
|
|
5.250
|
|
|
07/01/17
|
|
|
2,054,920
|
|
|
1,000
|
|
|
Florida St Brd of Ed Rev FL St Univ Hsg Fac, Ser A
(NATL Insd)
|
|
|
5.000
|
|
|
05/01/29
|
|
|
985,090
|
|
|
7,295
|
|
|
Florida St Dept Trans Tpk Rev, Ser A (a)
|
|
|
5.000
|
|
|
07/01/29
|
|
|
7,306,015
|
|
|
1,500
|
|
|
Florida St Div Bd Fin Dept Gen Svc Rev Dept Envrnmtl Preservtn
2000, Ser A (AMBAC Insd)
|
|
|
5.000
|
|
|
07/01/11
|
|
|
1,504,350
|
|
|
2,000
|
|
|
Florida St Div Bd Fin Dept Gen Svc Rev Dept Envrnmtl Preservtn
2000, Ser A (NATL Insd)
|
|
|
5.250
|
|
|
07/01/12
|
|
|
2,031,700
|
|
|
1,910
|
|
|
Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a)
|
|
|
5.000
|
|
|
07/01/26
|
|
|
1,913,285
|
|
|
1,935
|
|
|
Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a)
|
|
|
5.000
|
|
|
07/01/27
|
|
|
1,927,163
|
|
|
2,100
|
|
|
Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a)
|
|
|
5.000
|
|
|
07/01/28
|
|
|
2,069,361
|
|
15
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
2,500
|
|
|
Florida St Tpk Auth Tpk Rev Dept Trans Rfdg, Ser A (a)
|
|
|
5.000
|
%
|
|
07/01/32
|
|
$
|
2,433,000
|
|
|
1,475
|
|
|
Florida St Tpk Auth Tpk Rev Dept Trans, Ser B
|
|
|
5.000
|
|
|
07/01/30
|
|
|
1,448,435
|
|
|
1,635
|
|
|
Fort Myers, FL Util Rev Rfdg, Ser A (NATL Insd)
|
|
|
5.500
|
|
|
10/01/24
|
|
|
1,655,666
|
|
|
365
|
|
|
Gainesville, FL Util Sys Rev (d)
|
|
|
8.125
|
|
|
10/01/14
|
|
|
425,619
|
|
|
1,000
|
|
|
Gramercy Farms Cmnty Dev Dist FL Spl Assmt, Ser B (f)
|
|
|
5.100
|
|
|
05/01/14
|
|
|
486,790
|
|
|
500
|
|
|
Gulf Breeze, FL Rev Loc Govt (FGIC Insd) (b)
|
|
|
5.650
|
|
|
12/01/20
|
|
|
505,400
|
|
|
730
|
|
|
Gulf Breeze, FL Rev Loc Govt (FGIC Insd) (b)
|
|
|
5.750
|
|
|
12/01/20
|
|
|
733,030
|
|
|
1,000
|
|
|
Gulf Breeze, FL Rev Loc Govt (FGIC Insd) (b)
|
|
|
5.800
|
|
|
12/01/20
|
|
|
1,026,380
|
|
|
2,610
|
|
|
Halifax Hosp Med Ctr FL Hosp Rev Impt Rfdg, Ser A
|
|
|
5.250
|
|
|
06/01/26
|
|
|
2,188,459
|
|
|
1,270
|
|
|
Highlands, FL Cmnty Dev Dist Spl Assmt
|
|
|
5.550
|
|
|
05/01/36
|
|
|
688,365
|
|
|
750
|
|
|
Hillsborough Cnty, FL Assmt Rev Capacity Assmt Spl
(FSA Insd)
|
|
|
5.000
|
|
|
03/01/15
|
|
|
775,290
|
|
|
750
|
|
|
Hillsborough Cnty, FL Assmt Rev Capacity Assmt Spl
(FSA Insd)
|
|
|
5.000
|
|
|
09/01/15
|
|
|
774,675
|
|
|
1,450
|
|
|
Hillsborough Cnty, FL Aviation Auth Rev, Ser A
(AGL Insd) (AMT) (a)
|
|
|
5.375
|
|
|
10/01/33
|
|
|
1,361,028
|
|
|
3,260
|
|
|
Hillsborough Cnty, FL Aviation Auth Rev, Ser A
(AGL Insd) (AMT) (a)
|
|
|
5.500
|
|
|
10/01/38
|
|
|
3,074,539
|
|
|
14,150
|
|
|
Hillsborough Cnty, FL Indl Dev Auth Hosp Rev Tampa Gen
Hosp Proj
|
|
|
5.250
|
|
|
10/01/41
|
|
|
10,874,983
|
|
|
1,100
|
|
|
Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Hillsborough
Cnty IDA Rfdg (AMBAC Insd) (b)
|
|
|
5.000
|
|
|
12/01/34
|
|
|
1,107,689
|
|
|
1,225
|
|
|
Hillsborough Cnty, FL Indl Dev Auth Pollutn Ctl Rev Tampa Elec,
Ser B (b)
|
|
|
5.150
|
|
|
09/01/25
|
|
|
1,224,584
|
|
|
400
|
|
|
Hillsborough Cnty, FL Indl Dev Tampa Gen Hosp Proj, Ser B
|
|
|
5.250
|
|
|
10/01/28
|
|
|
332,556
|
|
|
2,745
|
|
|
Hillsborough Cnty, FL Port Dist Rev Tampa Port Auth Proj,
Ser A (NATL Insd) (AMT)
|
|
|
5.375
|
|
|
06/01/27
|
|
|
2,571,434
|
|
16
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
9,900
|
|
|
Hillsborough Cnty, FL Solid Waste & Res Recovery Rev,
Ser A (BHAC Insd) (AMT)
|
|
|
4.500
|
%
|
|
09/01/34
|
|
$
|
7,791,201
|
|
|
1,380
|
|
|
Hollywood, FL Cmnty Redev Agy Beach Cra
|
|
|
5.625
|
|
|
03/01/24
|
|
|
1,148,408
|
|
|
7,000
|
|
|
Lakeland, FL Elec & Wtr Rev (d)
|
|
|
*
|
|
|
10/01/13
|
|
|
6,385,470
|
|
|
2,230
|
|
|
Lakeland, FL Elec & Wtr Rev (d)
|
|
|
5.750
|
|
|
10/01/19
|
|
|
2,412,080
|
|
|
5,105
|
|
|
Lakeland, FL Hosp Sys Rev Lakeland Regl Hlth Sys Rfdg
|
|
|
5.000
|
|
|
11/15/25
|
|
|
4,308,212
|
|
|
1,000
|
|
|
Lee Cnty, FL Arpt Rev, Ser A (FSA Insd) (AMT)
|
|
|
5.750
|
|
|
10/01/22
|
|
|
1,008,240
|
|
|
1,080
|
|
|
Lee Cnty, FL Hsg Fin Auth Single Family Mtg Rev Multi-Cnty Pgm,
Ser A
(GNMA Collateralized) (AMT)
|
|
|
5.000
|
|
|
03/01/39
|
|
|
985,025
|
|
|
2,400
|
|
|
Lee Cnty, FL Indl Dev Auth Hlthcare Fac Rev Shell PT/Alliance
Oblig Group
|
|
|
5.125
|
|
|
11/15/36
|
|
|
1,450,752
|
|
|
1,000
|
|
|
Lee Cnty, FL Indl Dev Auth Indl Dev Rev Lee Charter Fndtn,
Ser A
|
|
|
5.375
|
|
|
06/15/37
|
|
|
570,330
|
|
|
1,010
|
|
|
Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser A
(Acquired 02/19/08, Cost $1,010,000) (g)
|
|
|
6.800
|
|
|
05/01/38
|
|
|
642,522
|
|
|
650
|
|
|
Main Str Cmnty Dev Dist FL Cap Impt Rev, Ser B
(Acquired 02/19/08, Cost $650,000) (g)
|
|
|
6.900
|
|
|
05/01/17
|
|
|
519,545
|
|
|
3,500
|
|
|
Marion Cnty, FL Hosp Dist Rev Hlth Sys Munroe Reg
Impt & Rfdg
|
|
|
5.000
|
|
|
10/01/34
|
|
|
2,578,450
|
|
|
1,500
|
|
|
Miami Beach, FL Stormwtr Rev (NATL Insd)
|
|
|
5.250
|
|
|
09/01/25
|
|
|
1,510,365
|
|
|
1,460
|
|
|
Miami Beach, FL Stormwtr Rev (NATL Insd)
|
|
|
5.750
|
|
|
09/01/14
|
|
|
1,539,818
|
|
|
1,045
|
|
|
Miami Beach, FL Stormwtr Rev (NATL Insd)
|
|
|
5.750
|
|
|
09/01/15
|
|
|
1,102,130
|
|
|
3,200
|
|
|
Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt
(AGC Insd) (AMT)
|
|
|
5.000
|
|
|
10/01/38
|
|
|
2,795,936
|
|
|
2,000
|
|
|
Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt
(AGC Insd) (AMT)
|
|
|
5.375
|
|
|
10/01/27
|
|
|
1,944,120
|
|
17
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
4,720
|
|
|
Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt
(AGC Insd) (AMT)
|
|
|
5.375
|
%
|
|
10/01/32
|
|
$
|
4,458,795
|
|
|
870
|
|
|
Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser B
(NATL Insd)
|
|
|
5.450
|
|
|
10/01/15
|
|
|
886,208
|
|
|
3,000
|
|
|
Miami-Dade Cnty, FL Aviation Rev Miami Intl Arpt, Ser B
(NATL Insd)
|
|
|
5.750
|
|
|
10/01/29
|
|
|
3,026,640
|
|
|
2,000
|
|
|
Miami-Dade Cnty, FL Aviation Rev, Ser A
(FSA Insd) (AMT)
|
|
|
5.000
|
|
|
10/01/33
|
|
|
1,780,400
|
|
|
2,000
|
|
|
Miami-Dade Cnty, FL Aviation, Ser A
(FSA Insd) (AMT)
|
|
|
5.125
|
|
|
10/01/35
|
|
|
1,801,120
|
|
|
905
|
|
|
Midtown Miami, FL Cmnty Dev FL Spl Assmt Rev, Ser A
|
|
|
6.000
|
|
|
05/01/24
|
|
|
649,591
|
|
|
3,860
|
|
|
North Broward, FL Hosp Dist Rev Impt (Prerefunded @ 1/15/11)
|
|
|
6.000
|
|
|
01/15/31
|
|
|
4,191,883
|
|
|
390
|
|
|
North Broward, FL Hosp Dist Rev Impt (Prerefunded @ 1/15/11)
|
|
|
6.000
|
|
|
01/15/31
|
|
|
423,532
|
|
|
1,000
|
|
|
Orange Cnty, FL Cap Rev Impt & Rfdg (AMBAC Insd)
|
|
|
*
|
|
|
10/01/12
|
|
|
902,280
|
|
|
1,000
|
|
|
Orange Cnty, FL Cap Rev Impt & Rfdg (AMBAC Insd)
|
|
|
*
|
|
|
10/01/13
|
|
|
867,400
|
|
|
980
|
|
|
Orange Cnty, FL Hlth Fac Auth Hosp Hlthcare, Ser E
|
|
|
6.000
|
|
|
10/01/26
|
|
|
946,102
|
|
|
20
|
|
|
Orange Cnty, FL Hlth Fac Auth Hosp Hlthcare, Ser E
(Prerefunded @ 10/01/09)
|
|
|
6.000
|
|
|
10/01/26
|
|
|
20,655
|
|
|
2,475
|
|
|
Orange Cnty, FL Hlth Fac Auth Rev First Mtg Orlando
Lutheran Tower
|
|
|
5.500
|
|
|
07/01/32
|
|
|
1,532,495
|
|
|
1,000
|
|
|
Orange Cnty, FL Hsg Fin Auth Multi-Family Rev Mtg Hands Inc
Proj, Ser A
(Acquired 06/19/95, Cost $1,000,000) (g)
|
|
|
7.000
|
|
|
10/01/25
|
|
|
1,035,940
|
|
|
1,500
|
|
|
Orlando & Orange Cnty Expwy Auth FL Expwy Rev Jr Lien
(NATL Insd)
|
|
|
5.000
|
|
|
07/01/28
|
|
|
1,488,930
|
|
|
890
|
|
|
Overoaks, FL Cmnty Dev Dist Cap Impt Rev, Ser A
|
|
|
6.125
|
|
|
05/01/35
|
|
|
494,822
|
|
|
1,650
|
|
|
Palm Beach Cnty, FL Hlth Fac Auth Rev Wtrford Proj
|
|
|
5.875
|
|
|
11/15/37
|
|
|
1,237,896
|
|
|
1,000
|
|
|
Palm Beach Cnty, FL Sch Brd Ctf Partn, Ser A (FGIC Insd)
(Prerefunded @ 8/01/10)
|
|
|
5.875
|
|
|
08/01/21
|
|
|
1,075,190
|
|
18
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
4,000
|
|
|
Palm Beach Cnty, FL Solid Waste Auth Rev Impt (BHAC Insd)
|
|
|
5.500
|
%
|
|
10/01/23
|
|
$
|
4,308,920
|
|
|
765
|
|
|
Pembroke Pines, FL Cons Util Sys Rev (FGIC Insd) (d)
|
|
|
6.250
|
|
|
09/01/11
|
|
|
816,400
|
|
|
1,500
|
|
|
Pensacola, FL Arpt Rev Rfdg, Ser A
(NATL Insd) (AMT)
|
|
|
6.000
|
|
|
10/01/12
|
|
|
1,531,095
|
|
|
1,565
|
|
|
Pensacola, FL Arpt Rev Rfdg, Ser A
(NATL Insd) (AMT)
|
|
|
6.125
|
|
|
10/01/18
|
|
|
1,577,645
|
|
|
500
|
|
|
Polk Cnty, FL Sch Brd Ctf Partn Master Lease, Ser A
(FSA Insd)
|
|
|
5.500
|
|
|
01/01/25
|
|
|
510,895
|
|
|
2,000
|
|
|
Port Saint Lucie, FL Spl Assmt Rev Southwest Annexation Dist,
Ser 1-B
(NATL Insd)
|
|
|
5.000
|
|
|
07/01/33
|
|
|
1,628,300
|
|
|
4,675
|
|
|
Putnam Cnty, FL Dev Auth Pollutn Ctl Rev Rfdg Seminole Proj,
Ser A (AMBAC Insd) (b)
|
|
|
5.350
|
|
|
03/15/42
|
|
|
4,729,277
|
|
|
880
|
|
|
Reunion East Cmnty Dev Dist FL Spl Assmt
|
|
|
5.800
|
|
|
05/01/36
|
|
|
450,982
|
|
|
1,000
|
|
|
Saint Johns Cnty, FL Indl Dev Auth Hlthcare Glenmoor Proj,
Ser A
|
|
|
5.250
|
|
|
01/01/26
|
|
|
655,400
|
|
|
1,500
|
|
|
Saint Johns Cnty, FL Indl Dev Auth Hlthcare Glenmoor Proj,
Ser A
|
|
|
5.375
|
|
|
01/01/40
|
|
|
853,755
|
|
|
2,000
|
|
|
Saint Lucie Cnty, FL Sch Brd Ctf, Ser A (FSA Insd)
|
|
|
5.000
|
|
|
07/01/21
|
|
|
2,040,960
|
|
|
750
|
|
|
Saint Lucie Cnty, FL Sch Brd Ctf, Ser A (FSA Insd)
|
|
|
5.000
|
|
|
07/01/23
|
|
|
759,150
|
|
|
600
|
|
|
Seminole Tribe FL Spl Oblig Rev, Ser A (c)
|
|
|
5.250
|
|
|
10/01/27
|
|
|
415,584
|
|
|
1,405
|
|
|
Seven Oaks, FL Cmnty Dev Dist II Spl Assmt Rev, Ser A
|
|
|
5.875
|
|
|
05/01/35
|
|
|
719,796
|
|
|
1,000
|
|
|
South Lake Cnty Hosp Dist FL South Lake Hosp Inc
|
|
|
6.375
|
|
|
10/01/28
|
|
|
847,130
|
|
|
2,800
|
|
|
South Vlg Cmnty Dev Dist FL Cap Impt Rev, Ser A
|
|
|
5.700
|
|
|
05/01/35
|
|
|
1,611,792
|
|
|
500
|
|
|
Split Pine Cmnty Dev Dist FL Spl Assmt, Ser A
|
|
|
5.250
|
|
|
05/01/39
|
|
|
274,500
|
|
|
1,250
|
|
|
Sterling Hill Cmnty Dev Dist FL Cap Impt Rev, Ser A
|
|
|
6.200
|
|
|
05/01/35
|
|
|
994,550
|
|
|
1,000
|
|
|
Tallahassee, FL Hlth Fac Rev Tallahassee Mem Hlthcare Proj
|
|
|
6.375
|
|
|
12/01/30
|
|
|
849,490
|
|
|
1,000
|
|
|
Tallahassee, FL Lease Rev FL St Univ Proj, Ser A (NATL Insd)
|
|
|
5.500
|
|
|
08/01/17
|
|
|
1,054,650
|
|
19
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Florida (Continued)
|
$
|
1,115
|
|
|
Tallahassee, FL Lease Rev FL St Univ Proj, Ser A (NATL Insd)
|
|
|
5.500
|
%
|
|
08/01/19
|
|
$
|
1,162,410
|
|
|
300
|
|
|
Tolomato Cmnty, FL Dev Dist Spl Assmt
|
|
|
6.550
|
|
|
05/01/27
|
|
|
215,235
|
|
|
3,170
|
|
|
Tolomato Cmnty, FL Dev Dist Spl Assmt
|
|
|
6.650
|
|
|
05/01/40
|
|
|
2,147,770
|
|
|
3,500
|
|
|
Village Ctr Cmnty Dev Dist FL Recreational Rev, Ser A
(NATL Insd)
|
|
|
5.125
|
|
|
11/01/36
|
|
|
2,822,680
|
|
|
1,000
|
|
|
Village Ctr Cmnty Dev Dist FL Recreational Rev, Ser A
(NATL Insd)
|
|
|
5.200
|
|
|
11/01/25
|
|
|
834,050
|
|
|
1,000
|
|
|
Village Ctr Cmnty Dev Dist FL Util Rev (FGIC Insd) (d)
|
|
|
6.000
|
|
|
11/01/18
|
|
|
1,218,890
|
|
|
2,000
|
|
|
Village Ctr Cmnty Dev Dist FL Util Rev (NATL Insd)
|
|
|
5.250
|
|
|
10/01/23
|
|
|
1,817,480
|
|
|
1,000
|
|
|
Volusia Cnty, FL Ed Fac Auth Rev Ed Fac Embry Riddle Aero,
Ser A
|
|
|
5.750
|
|
|
10/15/29
|
|
|
869,980
|
|
|
3,000
|
|
|
West Orange Hlthcare Dist FL, Ser A
|
|
|
5.800
|
|
|
02/01/31
|
|
|
2,597,490
|
|
|
820
|
|
|
West Palm Beach, FL Cmnty Redev Agy NorthwoodPleasant
Cmnty Redev, Ser A
|
|
|
5.000
|
|
|
03/01/35
|
|
|
635,697
|
|
|
740
|
|
|
World Comm Cmnty Dev Dist FL Spl Assmt
|
|
|
5.500
|
|
|
05/01/38
|
|
|
293,447
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
218,293,329
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Georgia 3.6%
|
|
5,250
|
|
|
Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien,
Ser C (FSA Insd) (a)
|
|
|
5.000
|
|
|
01/01/33
|
|
|
5,225,640
|
|
|
1,421
|
|
|
Fulton Cnty, GA Lease Rev
(Acquired 12/23/94, Cost $1,420,926) (g)
|
|
|
7.250
|
|
|
06/15/10
|
|
|
1,438,588
|
|
|
1,500
|
|
|
George L Smith II GA World Congress Cent Auth Rev Domed Stadium
Proj Rfdg (NATL Insd) (AMT)
|
|
|
5.500
|
|
|
07/01/20
|
|
|
1,423,665
|
|
|
2,635
|
|
|
Georgia Muni Elec Auth Pwr Rev, Ser A (NATL Insd)
|
|
|
6.500
|
|
|
01/01/20
|
|
|
3,113,041
|
|
|
5,575
|
|
|
Georgia Muni Elec Auth Pwr Rev, Ser Y (NATL Insd)
|
|
|
6.500
|
|
|
01/01/17
|
|
|
6,411,083
|
|
|
240
|
|
|
Georgia Muni Elec Auth Pwr Rev, Ser Y (NATL Insd)
|
|
|
6.500
|
|
|
01/01/17
|
|
|
285,185
|
|
20
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Georgia (Continued)
|
$
|
85
|
|
|
Georgia Muni Elec Auth Pwr Rev, Ser Y (NATL Insd)
(Prerefunded @ 1/01/14)
|
|
|
6.500
|
%
|
|
01/01/17
|
|
$
|
102,749
|
|
|
2,400
|
|
|
Putnam Cnty, GA Dev Auth Pollutn Ctl Rev GA Pwr Co, Ser 1
|
|
|
5.100
|
|
|
06/01/23
|
|
|
2,422,848
|
|
|
2,500
|
|
|
Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc
|
|
|
6.500
|
|
|
07/01/27
|
|
|
1,899,200
|
|
|
800
|
|
|
Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc
|
|
|
6.700
|
|
|
07/01/16
|
|
|
721,392
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,043,391
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Idaho 0.5%
|
|
1,000
|
|
|
Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A
|
|
|
6.500
|
|
|
11/01/23
|
|
|
1,072,480
|
|
|
1,500
|
|
|
Idaho Hlth Fac Auth Rev Saint Lukes Hlth Sys Proj, Ser A
|
|
|
6.750
|
|
|
11/01/37
|
|
|
1,559,670
|
|
|
1,305
|
|
|
Idaho Hlth Fac Auth Rev Vly Vista Care Corp Rfdg (f)
|
|
|
6.125
|
|
|
11/15/27
|
|
|
922,948
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,555,098
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Illinois 13.4%
|
|
1,910
|
|
|
Bartlett, IL Tax Increment Rev Rfdg Sr Lien Quarry
Redev Proj
|
|
|
5.600
|
|
|
01/01/23
|
|
|
1,451,065
|
|
|
11,675
|
|
|
Chicago, IL Brd Ed Rfdg, Ser C (FSA Insd) (a)
|
|
|
5.000
|
|
|
12/01/27
|
|
|
11,852,227
|
|
|
2,000
|
|
|
Chicago, IL Brd of Ed (FGIC Insd)
(Prerefunded @ 12/01/10)
|
|
|
5.500
|
|
|
12/01/31
|
|
|
2,149,420
|
|
|
1,130
|
|
|
Chicago, IL Proj & Rfdg (NATL Insd)
(Prerefunded @ 1/01/11)
|
|
|
5.000
|
|
|
01/01/31
|
|
|
1,121,062
|
|
|
685
|
|
|
Chicago, IL Rfdg, Ser B (AMBAC Insd)
|
|
|
5.125
|
|
|
01/01/15
|
|
|
762,234
|
|
|
4,400
|
|
|
Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien
(AGC Insd) (a)
|
|
|
5.250
|
|
|
01/01/24
|
|
|
4,488,924
|
|
|
11,500
|
|
|
Chicago, IL OHare Intl Arpt Rev Gen Arpt Third Lien
(AGC Insd) (a)
|
|
|
5.250
|
|
|
01/01/25
|
|
|
11,693,200
|
|
|
1,000
|
|
|
Chicago, IL OHare Intl Arpt Rev Second Lien Passenger Fac,
Ser B (AMBAC Insd)
|
|
|
5.500
|
|
|
01/01/16
|
|
|
1,041,380
|
|
|
2,000
|
|
|
Chicago, IL OHare Intl Arpt Rev Second Lien Passenger Fac,
Ser B (AMBAC Insd)
|
|
|
5.500
|
|
|
01/01/17
|
|
|
2,076,140
|
|
|
5,700
|
|
|
Chicago, IL OHare Intl Arpt Rev, Ser A
(FSA Insd) (a)
|
|
|
5.000
|
|
|
01/01/33
|
|
|
5,530,482
|
|
21
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Illinois (Continued)
|
$
|
2,370
|
|
|
Chicago, IL Proj Rfdg, Ser A (NATL Insd) (Prerefunded @
1/01/11)
|
|
|
5.000
|
%
|
|
01/01/31
|
|
$
|
2,550,878
|
|
|
375
|
|
|
Chicago, IL Proj Rfdg, Ser C (FGIC Insd)
|
|
|
5.750
|
|
|
01/01/14
|
|
|
397,129
|
|
|
375
|
|
|
Chicago, IL Proj Rfdg, Ser C (NATL Insd)
|
|
|
5.750
|
|
|
01/01/15
|
|
|
397,129
|
|
|
315
|
|
|
Chicago, IL Rfdg, Ser B (AMBAC Insd) (d)
|
|
|
5.125
|
|
|
01/01/15
|
|
|
350,601
|
|
|
3,500
|
|
|
Chicago, IL, Ser A (AGL Insd)
|
|
|
5.250
|
|
|
01/01/25
|
|
|
3,658,375
|
|
|
3,500
|
|
|
Du Page Cnty, IL Fst Presv Dist
|
|
|
*
|
|
|
11/01/10
|
|
|
3,423,280
|
|
|
2,310
|
|
|
Illinois Dev Fin Auth Rev Adventist Hlth, Ser A
(NATL Insd)
|
|
|
5.500
|
|
|
11/15/13
|
|
|
2,399,651
|
|
|
2,500
|
|
|
Illinois Dev Fin Auth Rev Adventist Hlth, Ser A
(NATL Insd)
|
|
|
5.500
|
|
|
11/15/15
|
|
|
2,577,250
|
|
|
1,860
|
|
|
Illinois Fin Auth Hosp Rev Rfdg Kish Hlth Sys Oblig Group
|
|
|
5.500
|
|
|
10/01/22
|
|
|
1,851,184
|
|
|
400
|
|
|
Illinois Fin Auth Rev Christian Homes Inc Rfdg, Ser A
|
|
|
5.750
|
|
|
05/15/31
|
|
|
263,696
|
|
|
1,000
|
|
|
Illinois Fin Auth Rev IL Fin Auth Roosevelt Univ
|
|
|
5.500
|
|
|
04/01/37
|
|
|
839,400
|
|
|
2,000
|
|
|
Illinois Fin Auth Rev IL Inst of Technology, Ser A
|
|
|
5.000
|
|
|
04/01/31
|
|
|
1,523,820
|
|
|
3,500
|
|
|
Illinois Fin Auth Rev Northwestn Mem Hosp, Ser A
|
|
|
5.375
|
|
|
08/15/24
|
|
|
3,534,160
|
|
|
2,000
|
|
|
Illinois Fin Auth Rev Northwestn Mem Hosp, Ser A
|
|
|
5.750
|
|
|
08/15/30
|
|
|
2,030,860
|
|
|
4,500
|
|
|
Illinois Fin Auth Rev Osf Hlthcare Sys, Ser A
|
|
|
5.750
|
|
|
11/15/37
|
|
|
3,882,915
|
|
|
2,885
|
|
|
Illinois Fin Auth Rev Rush Univ Med Ctr Oblig Group, Ser A
|
|
|
7.250
|
|
|
11/01/38
|
|
|
3,017,883
|
|
|
4,500
|
|
|
Illinois Fin Auth Rev Sherman Hlth Sys 2007, Ser A
|
|
|
5.500
|
|
|
08/01/37
|
|
|
3,067,560
|
|
|
1,330
|
|
|
Illinois Fin Auth Solid Waste Rev Disp Waste Mgmt Inc
Proj (AMT)
|
|
|
5.050
|
|
|
08/01/29
|
|
|
1,121,389
|
|
|
1,250
|
|
|
Illinois Hlth Fac Auth Rev Evangelical Hosp, Ser C
(FSA Insd)
|
|
|
6.750
|
|
|
04/15/17
|
|
|
1,524,500
|
|
|
2,275
|
|
|
Illinois Hlth Fac Auth Rev South Suburban Hosp (d)
|
|
|
7.000
|
|
|
02/15/18
|
|
|
2,768,038
|
|
|
285
|
|
|
Illinois St (NATL Insd)
|
|
|
5.250
|
|
|
12/01/20
|
|
|
285,744
|
|
|
250
|
|
|
Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev
McCormick Pl Expn Proj, Ser A (NATL Insd)
|
|
|
5.375
|
|
|
12/15/18
|
|
|
257,342
|
|
22
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Illinois (Continued)
|
$
|
1,170
|
|
|
University IL Univ Rev Auxiliary Fac Sys (NATL Insd)
|
|
|
4.500
|
%
|
|
04/01/36
|
|
$
|
1,066,034
|
|
|
775
|
|
|
Will-Kankakee Regl Dev Auth IL Multi-Family Hsg Rev Sr Estates
Supportive Living (AMT)
|
|
|
7.000
|
|
|
12/01/42
|
|
|
577,290
|
|
|
1,500
|
|
|
Yorkville, IL Utd City Spl Svc Area Spl Tax
No 2006-113
Cannonball/Beecher
|
|
|
5.750
|
|
|
03/01/28
|
|
|
823,995
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
86,356,237
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indiana 2.0%
|
|
2,200
|
|
|
Indiana Fin Auth Hosp Rev Deaconess Hosp Oblig, Ser A
|
|
|
6.750
|
|
|
03/01/39
|
|
|
2,205,984
|
|
|
5,600
|
|
|
Indiana Hlth & Ed Fac Fin Auth Rev Ascension Hlth
Sr Credit (a)
|
|
|
5.000
|
|
|
11/15/36
|
|
|
5,319,384
|
|
|
4,000
|
|
|
Indiana Hlth Fac Fin Auth Rev Deaconess Hosp, Ser A
(AMBAC Insd)
|
|
|
5.375
|
|
|
03/01/34
|
|
|
3,354,080
|
|
|
1,280
|
|
|
North Adams, IN Cmnty Sch Renovation Bldg Corp Cap Apprec First
Mtg (FSA Insd)
|
|
|
*
|
|
|
01/15/19
|
|
|
869,427
|
|
|
1,500
|
|
|
Petersburg, IN Pollutn Ctl Rev IN
Pwr & Lt (AMT)
|
|
|
5.950
|
|
|
12/01/29
|
|
|
1,154,190
|
|
|
500
|
|
|
Vigo Cnty, IN Hosp Auth Rev Union Hosp Inc (c)
|
|
|
5.750
|
|
|
09/01/42
|
|
|
326,965
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,230,030
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Iowa 1.5%
|
|
1,685
|
|
|
Des Moines, IA Pub Pkg Sys, Ser A (NATL Insd)
|
|
|
5.750
|
|
|
06/01/15
|
|
|
1,747,850
|
|
|
1,785
|
|
|
Des Moines, IA Pub Pkg Sys, Ser A (NATL Insd)
|
|
|
5.750
|
|
|
06/01/16
|
|
|
1,851,580
|
|
|
500
|
|
|
Jefferson Cnty, IA Hosp Rev Jefferson Cnty Hosp Proj, Ser C
|
|
|
5.950
|
|
|
08/01/37
|
|
|
318,765
|
|
|
500
|
|
|
Sibley, IA Hlthcare Fac Rev Osceola Cmnty Hosp Proj
|
|
|
6.000
|
|
|
12/01/37
|
|
|
319,470
|
|
|
1,410
|
|
|
Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd,
Ser C
|
|
|
5.375
|
|
|
06/01/38
|
|
|
791,024
|
|
|
5,950
|
|
|
Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd,
Ser C
|
|
|
5.500
|
|
|
06/01/42
|
|
|
3,340,152
|
|
23
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Iowa (Continued)
|
$
|
2,250
|
|
|
Tobacco Settlement Auth IA Tob Settlement Rev Asset Bkd,
Ser C
|
|
|
5.625
|
%
|
|
06/01/46
|
|
$
|
1,270,913
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,639,754
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kansas 1.3%
|
|
2,100
|
|
|
Burlington, KS Environmental Impt Rev KC Rfdg Pwr LT, Ser B
(Syncora Gtd) (b)
|
|
|
5.000
|
|
|
12/01/23
|
|
|
2,125,389
|
|
|
850
|
|
|
Labette Cnty, KS Hosp Rev Rfdg & Impt, Ser A
|
|
|
5.750
|
|
|
09/01/37
|
|
|
753,389
|
|
|
1,250
|
|
|
Lenexa, KS Hlthcare Fac Rev Rfdg & Impt
|
|
|
5.500
|
|
|
05/15/39
|
|
|
776,762
|
|
|
3,300
|
|
|
Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement,
Ser A
|
|
|
5.000
|
|
|
05/15/24
|
|
|
2,467,377
|
|
|
1,650
|
|
|
Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement,
Ser A
|
|
|
5.000
|
|
|
05/15/36
|
|
|
1,079,958
|
|
|
700
|
|
|
Manhattan, KS Hlthcare Fac Rev Meadowlark Hills Retirement,
Ser B
|
|
|
5.125
|
|
|
05/15/42
|
|
|
450,702
|
|
|
1,075
|
|
|
Olathe, KS Sr Living Fac Rev Catholic Care Campus Inc, Ser A
|
|
|
6.000
|
|
|
11/15/38
|
|
|
713,026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,366,603
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky 1.7%
|
|
2,300
|
|
|
Kentucky Econ Dev Fin Auth Louisville Arena Proj Rev Louisville
Arena Sub,
Ser A-1
(AGL Insd)
|
|
|
5.750
|
|
|
12/01/28
|
|
|
2,382,133
|
|
|
2,470
|
|
|
Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93
(AGL Insd)
|
|
|
5.250
|
|
|
02/01/24
|
|
|
2,630,426
|
|
|
2,780
|
|
|
Kentucky St Ppty & Bldg Commn Rev Rfdg Proj No 93
(AGL Insd)
|
|
|
5.250
|
|
|
02/01/25
|
|
|
2,938,210
|
|
|
3,915
|
|
|
Louisville & Jefferson Cnty, KY Metro Govt Hlth Sys
Rev Norton Hlthcare Inc
|
|
|
5.250
|
|
|
10/01/36
|
|
|
3,173,264
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,124,033
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Louisiana 1.6%
|
|
830
|
|
|
Colonial Pinnacle Cmnty Dev Dist Dev
|
|
|
6.750
|
|
|
05/01/23
|
|
|
588,943
|
|
|
1,485
|
|
|
Lakeshore Vlg Master Cmnty Dev Dist LA Spl Assmt
|
|
|
5.250
|
|
|
07/01/17
|
|
|
1,144,772
|
|
24
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Louisiana (Continued)
|
$
|
2,300
|
|
|
Louisiana Hsg Fin Agy Rev Azalea Estates Rfdg, Ser A (GNMA
Collateralized) (AMT)
|
|
|
5.375
|
%
|
|
10/20/39
|
|
$
|
2,302,277
|
|
|
3,100
|
|
|
Louisiana St Ctzn Ppty Ins Corp Assmt Rev,
Ser C-2
(AGL Insd)
|
|
|
6.750
|
|
|
06/01/26
|
|
|
3,333,833
|
|
|
2,750
|
|
|
Rapides Fin Auth LA Rev Cleco Pwr Proj (AMT) (b)
|
|
|
5.250
|
|
|
11/01/37
|
|
|
2,654,520
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,024,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Maryland 1.4%
|
|
1,050
|
|
|
Gaithersburg, MD Econ Dev Rev Asbury MD Oblig Group A
|
|
|
5.125
|
|
|
01/01/36
|
|
|
722,988
|
|
|
1,535
|
|
|
Maryland St Cmnty Dev Admin Dept Hsg & Cmnty Dev,
Ser H (AMT)
|
|
|
5.100
|
|
|
09/01/37
|
|
|
1,483,562
|
|
|
2,500
|
|
|
Maryland St Hlth & Higher Ed Fac Auth Rev MD Inst
College of Art
|
|
|
5.000
|
|
|
06/01/40
|
|
|
1,857,250
|
|
|
2,750
|
|
|
Maryland St Hlth & Higher Ed Fac Auth Rev Mercy Med
Ctr, Ser A
|
|
|
5.500
|
|
|
07/01/42
|
|
|
2,238,472
|
|
|
2,250
|
|
|
Maryland St Trans Auth Arpt Baltimore/WA Intl Arpt, Ser B
(AMBAC Insd) (AMT)
|
|
|
5.125
|
|
|
03/01/24
|
|
|
2,102,198
|
|
|
950
|
|
|
Prince Georges Cnty, MD Spl Oblig Natl Harbor Proj
|
|
|
5.200
|
|
|
07/01/34
|
|
|
531,079
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,935,549
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Massachusetts 3.7%
|
|
350
|
|
|
Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A
|
|
|
5.750
|
|
|
11/15/35
|
|
|
202,412
|
|
|
750
|
|
|
Massachusetts St Dev Fin Agy Rev Linden Ponds Inc Fac, Ser A
|
|
|
5.750
|
|
|
11/15/42
|
|
|
419,783
|
|
|
7,000
|
|
|
Massachusetts St Hlth & Ed Fac Auth Rev Harvard Univ,
Ser B (a)
|
|
|
5.000
|
|
|
10/01/38
|
|
|
7,232,890
|
|
|
500
|
|
|
Massachusetts St Hlth & Ed Fac Auth Rev Hlthcare Sys
Covenant
(Prerefunded @ 1/01/12)
|
|
|
6.000
|
|
|
07/01/31
|
|
|
504,908
|
|
|
35
|
|
|
Massachusetts St Hlth & Ed Fac Auth Rev Partn Hlthcare
Sys, Ser C
|
|
|
5.750
|
|
|
07/01/32
|
|
|
35,329
|
|
|
4,435
|
|
|
Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem
Issue, Ser D
|
|
|
5.000
|
|
|
07/01/33
|
|
|
3,244,557
|
|
|
1,000
|
|
|
Massachusetts St Hsg Fin Agy Hsg, Ser A (AMT)
|
|
|
5.100
|
|
|
12/01/27
|
|
|
949,290
|
|
25
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Massachusetts (Continued)
|
$
|
5,740
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev,
Ser A (AMBAC Insd) (a)
|
|
|
4.500
|
%
|
|
08/15/35
|
|
$
|
5,483,996
|
|
|
3,850
|
|
|
Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev,
Ser A (FSA Insd) (a)
|
|
|
5.000
|
|
|
08/15/30
|
|
|
3,928,848
|
|
|
1,800
|
|
|
Massachusetts St Wtr Res Auth, Ser B
|
|
|
5.000
|
|
|
08/01/22
|
|
|
1,995,624
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23,997,637
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Michigan 4.5%
|
|
3,015
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/17
|
|
|
1,951,700
|
|
|
3,050
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/18
|
|
|
1,838,052
|
|
|
3,050
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/19
|
|
|
1,703,547
|
|
|
3,050
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/22
|
|
|
1,361,367
|
|
|
3,050
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/23
|
|
|
1,253,489
|
|
|
3,050
|
|
|
Detroit, MI Downtown Dev Auth Tax Increment Rev,
Ser C1 (f)
|
|
|
*
|
|
|
07/01/24
|
|
|
1,153,266
|
|
|
3,500
|
|
|
Grand Rapids, MI Downtown Dev Cap Apprec (NATL Insd)
|
|
|
*
|
|
|
06/01/15
|
|
|
2,727,445
|
|
|
2,765
|
|
|
Grand Rapids, MI Downtown Dev Cap Apprec (NATL Insd)
|
|
|
*
|
|
|
06/01/16
|
|
|
2,031,777
|
|
|
1,760
|
|
|
Kent Hosp Fin Auth MI Rev Metro Hosp Proj, Ser A
|
|
|
6.000
|
|
|
07/01/35
|
|
|
1,268,890
|
|
|
1,350
|
|
|
Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)
|
|
|
5.250
|
|
|
01/15/47
|
|
|
1,382,076
|
|
|
600
|
|
|
Kent Hosp Fin Auth MI Rev Spectrum Hlth, Ser A (b)
|
|
|
5.500
|
|
|
01/15/47
|
|
|
619,800
|
|
|
2,500
|
|
|
Michigan St Strategic Fd Detroit Edison Co Proj Rfdg, Ser C
(Syncora Gtd) (AMT)
|
|
|
5.450
|
|
|
12/15/32
|
|
|
2,134,300
|
|
|
2,500
|
|
|
Michigan St Strategic Fd Detroit Edison Pollutn Ctl Rfdg
(AMBAC Insd) (b)
|
|
|
4.850
|
|
|
09/01/30
|
|
|
2,461,425
|
|
|
1,000
|
|
|
Michigan St Strategic Fd Detroit Edison Polutnl Ctl Rfdg,
Ser B (AMT)
|
|
|
5.650
|
|
|
09/01/29
|
|
|
899,550
|
|
26
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Michigan (Continued)
|
$
|
2,250
|
|
|
Michigan St Strategic Fd Ltd Oblig Rev Detroit Edison Co Proj
Rfdg, Ser A (Syncora Gtd) (AMT)
|
|
|
5.500
|
%
|
|
06/01/30
|
|
$
|
1,970,213
|
|
|
7,000
|
|
|
Michigan Tob Settlement Fin Auth Tob Settlement Asset Sr,
Ser A
|
|
|
6.000
|
|
|
06/01/48
|
|
|
4,110,120
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,867,017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Minnesota 1.5%
|
|
1,380
|
|
|
Annandale, MN Econ Dev Auth
Sr Hsg & Hlthcare Rev Annandale Care Ctr Proj,
Ser A
|
|
|
5.900
|
|
|
11/01/37
|
|
|
922,627
|
|
|
525
|
|
|
Chisago, MN Hlthcare Fac Rev CDL Homes LLC Proj
|
|
|
6.000
|
|
|
08/01/42
|
|
|
357,105
|
|
|
1,000
|
|
|
Meeker Cnty, MN Gross Rev Hosp Fac Mem Hosp Proj
|
|
|
5.750
|
|
|
11/01/37
|
|
|
744,850
|
|
|
2,750
|
|
|
Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A
|
|
|
6.375
|
|
|
11/15/23
|
|
|
2,928,805
|
|
|
1,850
|
|
|
Minneapolis, MN Hlthcare Sys Rev Fairview Hlth Svc, Ser A
|
|
|
6.625
|
|
|
11/15/28
|
|
|
1,946,736
|
|
|
50
|
|
|
Minnesota Agric & Econ Dev Brd Rev Hlthcare Sys
(NATL Insd)
|
|
|
5.750
|
|
|
11/15/26
|
|
|
46,354
|
|
|
300
|
|
|
North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks
|
|
|
6.000
|
|
|
10/01/27
|
|
|
241,068
|
|
|
775
|
|
|
North Oaks, MN Sr Hsg Rev Presbyterian Homes North Oaks
|
|
|
6.000
|
|
|
10/01/33
|
|
|
601,230
|
|
|
2,200
|
|
|
Saint Paul, MN Hsg & Redev Auth Hlthcare Fac Rev Hlth
Partners Oblig Group Proj
|
|
|
5.250
|
|
|
05/15/36
|
|
|
1,717,914
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,506,689
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Missouri 2.6%
|
|
245
|
|
|
Cape Girardeau Cnty, MO Indl Dev Auth Hlthcare Fac Rev Southeast
MO Hosp Assoc
|
|
|
5.625
|
|
|
06/01/27
|
|
|
214,358
|
|
|
1,700
|
|
|
Cass Cnty, MO Hosp Rev
|
|
|
5.625
|
|
|
05/01/38
|
|
|
1,262,182
|
|
|
1,250
|
|
|
Cole Cnty, MO Indl Dev Auth Sr Living Fac Rev Lutheran Sr Svc
Heisinger Proj
|
|
|
5.500
|
|
|
02/01/35
|
|
|
934,825
|
|
|
1,625
|
|
|
Jefferson Cnty, MO Reorg Sch Dist No R-6 (FGIC Insd)
|
|
|
5.625
|
|
|
03/01/20
|
|
|
1,685,222
|
|
|
2,500
|
|
|
Joplin, MO Indl Dev Auth Indl Rev Christian Homes Inc Rfdg,
Ser F
|
|
|
5.750
|
|
|
05/15/26
|
|
|
1,762,300
|
|
|
1,000
|
|
|
Joplin, MO Indl Dev Auth Indl Rev Christian Homes Inc Rfdg,
Ser F
|
|
|
5.750
|
|
|
05/15/31
|
|
|
659,240
|
|
27
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Missouri (Continued)
|
$
|
1,265
|
|
|
Maryland Heights, MO Tax Increment Rev South Heights Redev Proj
Rfdg, Ser A
|
|
|
5.500
|
%
|
|
09/01/18
|
|
$
|
1,080,057
|
|
|
1,250
|
|
|
Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Friendship
Vlg West Cnty, Ser A
|
|
|
5.375
|
|
|
09/01/21
|
|
|
1,096,088
|
|
|
975
|
|
|
Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint
Andrews Res for Srs, Ser A
|
|
|
6.375
|
|
|
12/01/30
|
|
|
720,262
|
|
|
2,335
|
|
|
Saint Louis Cnty, MO Indl Dev Auth Sr Living Fac Rev Saint
Andrews Res for Srs, Ser A
|
|
|
6.375
|
|
|
12/01/41
|
|
|
1,623,572
|
|
|
900
|
|
|
Saint Louis, MO Indl Dev Auth Tax Increment & Cmnty
Impt Dist Loughborough Com Redev Rfdg
|
|
|
5.750
|
|
|
11/01/27
|
|
|
671,562
|
|
|
2,765
|
|
|
Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson
Arpt, Ser B
(AMBAC Insd) (AMT)
|
|
|
4.550
|
|
|
07/01/29
|
|
|
2,301,088
|
|
|
3,195
|
|
|
Springfield, MO Pub Bldg Corp Leasehold Rev Springfield Branson
Arpt, Ser B
(AMBAC Insd) (AMT)
|
|
|
4.600
|
|
|
07/01/36
|
|
|
2,525,072
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,535,828
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nebraska 0.4%
|
|
2,615
|
|
|
Omaha Pub Dist NE Elec Rev Sub Sys, Ser A (a)
|
|
|
5.000
|
|
|
02/01/34
|
|
|
2,625,774
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nevada 3.1%
|
|
3,000
|
|
|
Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A
(AMBAC Insd) (AMT)
|
|
|
5.250
|
|
|
07/01/34
|
|
|
2,207,340
|
|
|
70
|
|
|
Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj, Ser A
(BHAC Insd) (AMT)
|
|
|
4.750
|
|
|
09/01/36
|
|
|
55,474
|
|
|
3,500
|
|
|
Clark Cnty, NV Indl Dev Southwest Gas Corp Proj, Ser D1
(NATL Insd) (AMT)
|
|
|
5.250
|
|
|
03/01/38
|
|
|
2,535,435
|
|
|
4,020
|
|
|
Nevada Hsg Div Single Family Mtg Rev, Ser A (GNMA
Collateralized) (AMT)
|
|
|
5.875
|
|
|
04/01/38
|
|
|
4,093,727
|
|
|
4,300
|
|
|
Nevada St Cap Impt & Cultural Affairs, Ser C
|
|
|
5.000
|
|
|
06/01/22
|
|
|
4,609,514
|
|
28
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Nevada (Continued)
|
$
|
3,300
|
|
|
Nevada St Cap Impt & Cultural Affairs, Ser C
|
|
|
5.000
|
%
|
|
06/01/23
|
|
$
|
3,509,913
|
|
|
3,460
|
|
|
Reno, NV Hosp Rev Renown Regl Med Ctr Proj, Ser A
|
|
|
5.250
|
|
|
06/01/37
|
|
|
2,716,515
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,727,918
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Hampshire 0.6%
|
|
1,000
|
|
|
New Hampshire Hlth & Ed Fac Auth Rev Derryfield Sch
(Prerefunded @ 7/01/10)
|
|
|
7.000
|
|
|
07/01/30
|
|
|
1,086,790
|
|
|
750
|
|
|
New Hampshire St Business Fin Auth Pollutn Ctl Rev The Utd Illum
Rfdg, Ser A (AMT) (b)
|
|
|
6.875
|
|
|
12/01/29
|
|
|
790,830
|
|
|
1,050
|
|
|
New Hampshire St Business Fin Auth Pollutn Ctl Rev Utd Illum Co
Proj (AMT) (b)
|
|
|
7.125
|
|
|
07/01/27
|
|
|
1,056,457
|
|
|
900
|
|
|
New Hampshire St Business Fin Auth Wtr Fac Rev Pennichuck Wtrwks
Inc
(AMBAC Insd) (AMT)
|
|
|
6.300
|
|
|
05/01/22
|
|
|
900,477
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,834,554
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey 7.5%
|
|
375
|
|
|
Burlington Cnty, NJ Brdg Cmnty Econ Dev Rev The
Evergreens Proj
|
|
|
5.625
|
|
|
01/01/38
|
|
|
226,410
|
|
|
1,200
|
|
|
New Jersey Econ Dev Auth Rev Cig Tax
|
|
|
5.750
|
|
|
06/15/29
|
|
|
889,860
|
|
|
3,150
|
|
|
New Jersey Econ Dev Auth Rev Cig Tax
|
|
|
5.750
|
|
|
06/15/34
|
|
|
2,251,400
|
|
|
25,000
|
|
|
New Jersey Econ Dev Auth St Contract Econ Recovery
(NATL Insd) (f)
|
|
|
5.900
|
|
|
03/15/21
|
|
|
30,048,000
|
|
|
2,000
|
|
|
New Jersey Hlthcare Fac Fin Auth Rev Holy Name Hosp
|
|
|
5.000
|
|
|
07/01/36
|
|
|
1,388,520
|
|
|
2,300
|
|
|
New Jersey Hlthcare Fac Fin Auth Rev Saint Peters Univ
Hosp Oblig
|
|
|
5.750
|
|
|
07/01/37
|
|
|
1,806,144
|
|
|
2,095
|
|
|
New Jersey St Trans Tr Fd Auth Trans Sys, Ser A
|
|
|
5.750
|
|
|
06/15/17
|
|
|
2,382,266
|
|
|
4,500
|
|
|
Tobacco Settlement Fin Corp NJ,
Ser 1-A
|
|
|
4.750
|
|
|
06/01/34
|
|
|
2,439,900
|
|
|
13,750
|
|
|
Tobacco Settlement Fin Corp NJ,
Ser 1-A
|
|
|
5.000
|
|
|
06/01/41
|
|
|
7,280,350
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,712,850
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
New Mexico 0.5%
|
$
|
1,250
|
|
|
Jicarilla, NM Apache Nation Rev, Ser A (Acquired 10/23/03,
Cost $1,275,475) (g)
|
|
|
5.500
|
%
|
|
09/01/23
|
|
$
|
1,282,987
|
|
|
2,050
|
|
|
New Mexico St Hosp Equip Ln Council Hosp Rev Presbyterian
Hlthcare Svc, Ser A
|
|
|
6.375
|
|
|
08/01/32
|
|
|
2,170,889
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,453,876
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
New York 12.9%
|
|
4,000
|
|
|
Metropolitan Trans Auth NY Dedicated Tax Fd, Ser B
|
|
|
5.250
|
|
|
11/15/28
|
|
|
4,077,800
|
|
|
2,500
|
|
|
Metropolitan Trans Auth NY Rev Rfdg, Ser A (NATL Insd)
|
|
|
5.250
|
|
|
11/15/31
|
|
|
2,503,125
|
|
|
2,400
|
|
|
New York City Hsg Dev Corp Multi-Family Hsg Rev,
Ser E1 (AMT)
|
|
|
5.350
|
|
|
11/01/37
|
|
|
2,279,088
|
|
|
3,165
|
|
|
New York City Indl Dev Agy Rev Liberty 7 World Trade Ctr Proj,
Ser B
|
|
|
6.750
|
|
|
03/01/15
|
|
|
2,747,410
|
|
|
8,450
|
|
|
New York City Mun Wtr Fin Auth Wtr & Swr Rev,
Ser AA
|
|
|
5.000
|
|
|
06/15/22
|
|
|
8,975,421
|
|
|
16,930
|
|
|
New York City Trans Auth Trans Fac Livingston Plaza Proj Rfdg,
Ser 1993 (FSA Insd) (d)
|
|
|
5.400
|
|
|
01/01/18
|
|
|
19,644,725
|
|
|
2,800
|
|
|
New York City Trans Fin Auth Bldg Aid Rev
Fiscal 2009,
Ser S-3
|
|
|
5.250
|
|
|
01/15/39
|
|
|
2,754,248
|
|
|
7,225
|
|
|
New York, NY Sub,
Ser I-1 (a)
|
|
|
5.000
|
|
|
02/01/26
|
|
|
7,290,748
|
|
|
2,500
|
|
|
New York St Dorm Auth Lease Rev Muni Hlth Fac Impt Pgm,
Ser A (FSA Insd)
|
|
|
5.500
|
|
|
05/15/25
|
|
|
2,501,625
|
|
|
5,170
|
|
|
New York St Dorm Auth Rev City Univ Sys, Ser C
|
|
|
7.500
|
|
|
07/01/10
|
|
|
5,333,113
|
|
|
3,000
|
|
|
New York St Dorm Auth Rev Hosp (NATL Insd)
|
|
|
5.000
|
|
|
08/01/33
|
|
|
2,942,730
|
|
|
2,840
|
|
|
New York St Loc Assistance Corp Rfdg, Ser E
|
|
|
6.000
|
|
|
04/01/14
|
|
|
3,190,428
|
|
|
1,500
|
|
|
New York St Urban Dev Corp Rev Correctional Fac Rfdg
|
|
|
5.500
|
|
|
01/01/13
|
|
|
1,577,190
|
|
|
6,050
|
|
|
Port Auth NY & NJ Cons 144th (a)
|
|
|
5.000
|
|
|
10/01/35
|
|
|
6,087,026
|
|
|
6,050
|
|
|
Port Auth NY & NJ, Ser 1546 (a)
|
|
|
5.000
|
|
|
10/01/35
|
|
|
6,087,026
|
|
|
3,000
|
|
|
Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt
Term 6 (NATL Insd) (AMT)
|
|
|
5.750
|
|
|
12/01/22
|
|
|
2,502,240
|
|
30
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
New York (Continued)
|
$
|
3,000
|
|
|
Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt
Term 6 (NATL Insd) (AMT)
|
|
|
5.750
|
%
|
|
12/01/25
|
|
$
|
2,400,930
|
|
|
950
|
|
|
Seneca Nation Indians Cap Impt Auth NY Spl Oblig,
Ser A (c)
|
|
|
5.000
|
|
|
12/01/23
|
|
|
610,708
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
83,505,581
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North Carolina 5.0%
|
|
4,000
|
|
|
North Carolina Eastern Muni Pwr Agy Pwr Sys Rev, Ser D
|
|
|
6.750
|
|
|
01/01/26
|
|
|
4,045,280
|
|
|
1,500
|
|
|
North Carolina Med Care Commn Retirement Fac Rev First Mtg
Southminster Proj, Ser A
|
|
|
5.750
|
|
|
10/01/37
|
|
|
1,110,915
|
|
|
25,000
|
|
|
North Carolina Muni Pwr Agy No 1 Catawba Elec Rev Rfdg
(NATL Insd)
|
|
|
6.000
|
|
|
01/01/12
|
|
|
27,143,750
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,299,945
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
North Dakota 0.2%
|
|
470
|
|
|
North Dakota St Hsg Fin Agy Rev Hsg Fin Pgm Home Mtg Fin,
Ser B (NATL Insd) (AMT)
|
|
|
5.500
|
|
|
07/01/29
|
|
|
462,983
|
|
|
1,500
|
|
|
Ward Cnty, ND Hlthcare Fac Rev Trinity Obligated Group Rfdg
|
|
|
5.125
|
|
|
07/01/29
|
|
|
1,089,315
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,552,298
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ohio 9.2%
|
|
8,055
|
|
|
Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo,
Ser A-2
|
|
|
5.750
|
|
|
06/01/34
|
|
|
5,099,701
|
|
|
4,770
|
|
|
Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo,
Ser A-2
|
|
|
5.875
|
|
|
06/01/30
|
|
|
3,235,396
|
|
|
6,500
|
|
|
Buckeye, OH Tob Settlement Fin Auth Asset Bkd Sr Turbo,
Ser A-2
|
|
|
5.875
|
|
|
06/01/47
|
|
|
3,651,505
|
|
|
450
|
|
|
Cuyahoga Cnty, OH Hlthcare & Indpt Living Fac Rev
Eliza Jennings Sr Care, Ser A
|
|
|
5.750
|
|
|
05/15/27
|
|
|
306,797
|
|
|
2,000
|
|
|
Cuyahoga Cnty, OH Hosp Fac Rev Canton Inc Proj
|
|
|
7.500
|
|
|
01/01/30
|
|
|
1,983,120
|
|
|
1,000
|
|
|
Delaware Cnty, OH Cap Fac
(Prerefunded @ 12/01/10)
|
|
|
6.000
|
|
|
12/01/25
|
|
|
1,092,970
|
|
|
1,000
|
|
|
Lorain Cnty, OH Hosp Rev Catholic Hlthcare, Ser S
|
|
|
5.375
|
|
|
10/01/30
|
|
|
956,470
|
|
|
4,525
|
|
|
Lorain Cnty Ohio Hosp Rev Fac Catholic (FSA Insd) (a)
|
|
|
5.000
|
|
|
02/01/24
|
|
|
4,657,402
|
|
|
4,500
|
|
|
Lorain Cnty Ohio Hosp Rev Fac Catholic (FSA Insd) (a)
|
|
|
5.000
|
|
|
02/01/24
|
|
|
4,631,670
|
|
31
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Ohio (Continued)
|
$
|
4,800
|
|
|
Lorain Cnty Ohio Hosp Rev Rfdg Catholic (FSA Insd) (a)
|
|
|
5.000
|
%
|
|
04/01/24
|
|
$
|
4,940,448
|
|
|
1,625
|
|
|
Montgomery Cnty, OH Rev Catholic Hlth, Ser C
(FSA Insd) (a)
|
|
|
5.000
|
|
|
10/01/41
|
|
|
1,493,505
|
|
|
2,370
|
|
|
Montgomery Cnty, OH Rev Miami Vly Hosp, Ser A
|
|
|
6.000
|
|
|
11/15/28
|
|
|
2,408,915
|
|
|
1,465
|
|
|
Montgomery Cnty, OH Rev Miami Vly Hosp, Ser A
|
|
|
6.250
|
|
|
11/15/39
|
|
|
1,488,894
|
|
|
8,000
|
|
|
Ohio St Air Quality Dev Auth Rev Dayton Pwr
(BHAC Insd) (AMT) (a)
|
|
|
4.800
|
|
|
09/01/36
|
|
|
6,996,160
|
|
|
1,000
|
|
|
Ohio St Higher Ed Fac Commn Rev Hosp Univ Hosp Hlth Sys Inc,
Ser A (BHAC Insd)
|
|
|
5.250
|
|
|
01/15/46
|
|
|
1,008,750
|
|
|
3,000
|
|
|
Ohio St Higher Ed Fac Commn Rev Univ Hosp Hlth Sys,
Ser 2009A
|
|
|
6.750
|
|
|
01/15/39
|
|
|
3,042,030
|
|
|
3,110
|
|
|
Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm,
Ser D
(GNMA Collateralized) (AMT) (a)
|
|
|
5.300
|
|
|
09/01/28
|
|
|
3,043,539
|
|
|
5,475
|
|
|
Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm,
Ser D
(GNMA Collateralized) (AMT) (a)
|
|
|
5.400
|
|
|
03/01/33
|
|
|
5,338,563
|
|
|
3,780
|
|
|
Ohio St Hsg Fin Agy Residential Mtg Rev Bkd Secs Pgm, Ser F
(GNMA Collateralized) (a)
|
|
|
5.500
|
|
|
09/01/39
|
|
|
3,806,006
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,181,841
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma 0.8%
|
|
2,175
|
|
|
Chickasaw Nation, OK Hlth Sys (c)
|
|
|
6.250
|
|
|
12/01/32
|
|
|
1,780,716
|
|
|
1,500
|
|
|
Jenks, OK Aquarium Auth Rev First Mtg (NATL Insd)
(Prerefunded @ 7/01/10)
|
|
|
6.100
|
|
|
07/01/30
|
|
|
1,611,525
|
|
|
1,575
|
|
|
Oklahoma City, OK Arpt Tr Jr Lien 27th, Ser B (FSA
Insd) (AMT)
|
|
|
5.750
|
|
|
07/01/16
|
|
|
1,590,010
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,982,251
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oregon 0.3%
|
|
1,985
|
|
|
Portland, OR Urban Renewal & Redev Downtown Wtrfront,
Ser A (AMBAC Insd)
|
|
|
5.750
|
|
|
06/15/16
|
|
|
2,058,108
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
|
Pennsylvania 1.5%
|
$
|
2,750
|
|
|
Allegheny Cnty, PA Hosp Dev Auth Rev Hlth Sys West PA, Ser A
|
|
|
5.000
|
%
|
|
11/15/28
|
|
$
|
1,513,765
|
|
|
230
|
|
|
Allegheny Cnty, PA San Auth Swr Rev (NATL Insd)
|
|
|
5.500
|
|
|
12/01/30
|
|
|
233,344
|
|
|
875
|
|
|
Montgomery Cnty, PA Indl Dev Auth Rev Mtg Whitemarsh Continuing
Care Proj
|
|
|
6.250
|
|
|
02/01/35
|
|
|
539,070
|
|
|
1,550
|
|
|
Pennsylvania Econ Dev Fin Auth Exempt Fac Rev Reliant Energy,
Ser B (AMT)
|
|
|
6.750
|
|
|
12/01/36
|
|
|
1,438,726
|
|
|
1,600
|
|
|
Pennsylvania Hsg Fin Agy Single Family Mtg Rev,
Ser 94-A (AMT)
|
|
|
5.100
|
|
|
10/01/31
|
|
|
1,500,416
|
|
|
2,000
|
|
|
Pennsylvania St Tpk Com Tpk Rev Sub, Ser A (AGL Insd)
|
|
|
5.000
|
|
|
06/01/39
|
|
|
2,026,800
|
|
|
1,000
|
|
|
Philadelphia, PA Auth Indl Dev PA Arpt Sys Proj, Ser A
(NATL Insd) (AMT)
|
|
|
5.125
|
|
|
07/01/19
|
|
|
974,800
|
|
|
1,355
|
|
|
Ridley Park, PA Hosp Auth Rev Taylor Hosp, Ser A (d)
|
|
|
6.000
|
|
|
12/01/13
|
|
|
1,494,375
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,721,296
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Rhode Island 0.5%
|
|
1,100
|
|
|
Rhode Island Hsg & Mtg Fin Corp Homeownership Oppty,
Ser 57-B (AMT)
|
|
|
5.350
|
|
|
10/01/37
|
|
|
1,044,593
|
|
|
3,000
|
|
|
Tobacco Settlement Fin Corp, Ser A
|
|
|
6.250
|
|
|
06/01/42
|
|
|
2,215,350
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,259,943
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Carolina 5.6%
|
|
2,375
|
|
|
Berkeley Cnty, SC Sch Dist Ctf Partn Berkeley Sch Fac Grp Inc
(NATL Insd) (d)
|
|
|
5.250
|
|
|
02/01/16
|
|
|
2,756,947
|
|
|
3,375
|
|
|
Charleston Ed Excellence Fin Corp SC Rev (a)
|
|
|
5.250
|
|
|
12/01/25
|
|
|
3,444,863
|
|
|
10,125
|
|
|
Charleston Ed Excellence Fin Corp SC Rev (a)
|
|
|
5.250
|
|
|
12/01/26
|
|
|
10,282,140
|
|
|
1,840
|
|
|
Myrtle Beach, SC Hospitality Fee Rev, Ser A (NATL Insd)
|
|
|
5.375
|
|
|
06/01/21
|
|
|
1,873,782
|
|
|
1,935
|
|
|
Myrtle Beach, SC Hospitality Fee Rev, Ser A (NATL Insd)
|
|
|
5.375
|
|
|
06/01/22
|
|
|
1,961,084
|
|
|
1,400
|
|
|
South Carolina Jobs Econ Dev Auth Hlth Fac Rev First Mtg Wesley
Commons Rfdg
|
|
|
5.300
|
|
|
10/01/36
|
|
|
802,242
|
|
|
915
|
|
|
South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg
Lutheran Homes Rfdg
|
|
|
5.500
|
|
|
05/01/28
|
|
|
608,475
|
|
33
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
South Carolina (Continued)
|
$
|
1,000
|
|
|
South Carolina Jobs Econ Dev Auth Hlthcare Fac Rev First Mtg
Lutheran Homes Rfdg
|
|
|
5.625
|
%
|
|
05/01/42
|
|
$
|
593,950
|
|
|
3,000
|
|
|
South Carolina Jobs Econ Dev Auth Hosp Fac Rev Palmetto Hlth
Alliance Rfdg, Ser A
|
|
|
6.250
|
|
|
08/01/31
|
|
|
2,640,690
|
|
|
1,000
|
|
|
South Carolina Jobs Econ Dev Auth Hosp Rev Rfdg & Impt
Anmed Hlth, Ser B (AGL Insd) (h)
|
|
|
5.500
|
|
|
02/01/38
|
|
|
977,320
|
|
|
4,500
|
|
|
South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas
Co Proj, Ser A (AMBAC Insd)
|
|
|
5.200
|
|
|
11/01/27
|
|
|
4,527,135
|
|
|
3,750
|
|
|
South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas
Co Proj, Ser B (AMBAC Insd) (AMT)
|
|
|
5.450
|
|
|
11/01/32
|
|
|
3,378,750
|
|
|
750
|
|
|
South Carolina Jobs Econ Dev Auth Rev Woodlands at Furman Proj,
Ser A
|
|
|
6.000
|
|
|
11/15/27
|
|
|
523,823
|
|
|
1,920
|
|
|
Tobacco Settlement Rev Mgmt Auth SC Tob Settlement Rev Rfdg
|
|
|
5.000
|
|
|
06/01/18
|
|
|
1,898,669
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,269,870
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Dakota 0.6%
|
|
2,250
|
|
|
Deadwood, SD Ctf Partn (ACA Insd)
|
|
|
6.375
|
|
|
11/01/20
|
|
|
2,303,820
|
|
|
1,000
|
|
|
South Dakota St Hlth & Ed Fac Auth Rev Childrens
Care Hosp Rfdg
(Prerefunded @ 11/01/09)
|
|
|
6.125
|
|
|
11/01/29
|
|
|
1,038,260
|
|
|
710
|
|
|
South Dakota St Hlth & Ed Fac Auth Rev Vocational Ed
Prog, Ser A (AMBAC Insd)
|
|
|
5.400
|
|
|
08/01/13
|
|
|
715,559
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,057,639
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tennessee 2.4%
|
|
4,345
|
|
|
Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I
LLC Proj Rfdg, Ser A
|
|
|
5.125
|
|
|
10/01/35
|
|
|
2,854,882
|
|
|
3,500
|
|
|
Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg
Mtn St Hlth Rfdg, Ser A (NATL Insd)
(Prerefunded @ 7/01/12)
|
|
|
7.500
|
|
|
07/01/25
|
|
|
3,985,835
|
|
34
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Tennessee (Continued)
|
$
|
5,345
|
|
|
Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg
Mtn St Hlth, Ser A
|
|
|
5.500
|
%
|
|
07/01/36
|
|
$
|
4,193,527
|
|
|
4,550
|
|
|
Shelby Cnty, TN Hlth Ed & Hsg Fac Brd Rev Methodist,
Ser B (FSA Insd) (a)
|
|
|
5.250
|
|
|
09/01/27
|
|
|
4,588,084
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,622,328
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Texas 20.0%
|
|
2,375
|
|
|
Alliance Arpt Auth Inc TX Spl Fac Rev FedEx Corp Proj
Rfdg (AMT)
|
|
|
4.850
|
|
|
04/01/21
|
|
|
1,930,827
|
|
|
300
|
|
|
Brazos Cnty, TX Hlth Fac Dev Oblig Grp
|
|
|
5.375
|
|
|
01/01/32
|
|
|
246,432
|
|
|
8,000
|
|
|
Coastal Bend Hlth Fac Dev Corp TX Christus Hlth Sub,
Ser B-2
(FSA Insd) (b) (e)
|
|
|
1.920
|
|
|
07/01/31
|
|
|
8,000,000
|
|
|
1,080
|
|
|
Dallas Cnty, TX Flood Ctl Dist Rfdg
|
|
|
6.750
|
|
|
04/01/16
|
|
|
1,095,077
|
|
|
1,875
|
|
|
Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)
|
|
|
5.000
|
|
|
08/15/18
|
|
|
2,065,387
|
|
|
2,200
|
|
|
Dallas, TX Civic Ctr Rfdg & Impt (AGL Insd)
|
|
|
5.000
|
|
|
08/15/19
|
|
|
2,402,224
|
|
|
4,000
|
|
|
Dallas-Fort Worth, TX Intl Arpt Rev Impt & Rfdg,
Ser A (BHAC Insd) (AMT)
|
|
|
5.500
|
|
|
11/01/31
|
|
|
3,773,600
|
|
|
1,050
|
|
|
Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C
(NATL Insd) (AMT)
|
|
|
5.750
|
|
|
11/01/18
|
|
|
1,052,635
|
|
|
2,000
|
|
|
Dallas-Fort Worth, TX Intl Arpt Rev Jt, Ser C
(NATL Insd) (AMT)
|
|
|
6.000
|
|
|
11/01/23
|
|
|
2,004,000
|
|
|
4,000
|
|
|
Dallas-Fort Worth, TX Intl Arpt Rev, Ser A
(NATL Insd) (AMT)
|
|
|
5.750
|
|
|
11/01/30
|
|
|
3,965,880
|
|
|
7,960
|
|
|
El Paso Cnty, TX Hosp Dist, Ser A (AGL Insd) (a)
|
|
|
5.000
|
|
|
08/15/37
|
|
|
7,794,352
|
|
|
1,500
|
|
|
Gulf Coast Waste Disp Auth TX Waste Mgmt, Ser D (AMT)
|
|
|
4.550
|
|
|
04/01/12
|
|
|
1,431,570
|
|
|
1,200
|
|
|
Harris Cnty, TX Hlth Fac Dev Corp Hosp Rev Rfdg Mem Hermann
Hlthcare Sys, Ser B
|
|
|
7.250
|
|
|
12/01/35
|
|
|
1,277,460
|
|
|
2,000
|
|
|
Harris Cnty, TX Hlth Fac Dev Corp Rev Christus Hlth,
Ser A-4
(FSA Insd) (b) (e)
|
|
|
2.250
|
|
|
07/01/31
|
|
|
2,000,000
|
|
|
1,000
|
|
|
Harris Cnty, TX Hlth Fac Dev Mem Hermann Hlthcare, Ser A
(Prerefunded @ 6/01/11)
|
|
|
6.375
|
|
|
06/01/29
|
|
|
1,115,840
|
|
35
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Texas (Continued)
|
$
|
1,000
|
|
|
Harris Cnty, TX Sr Lien-Toll Rd, Ser A (h)
|
|
|
5.000
|
%
|
|
08/15/32
|
|
$
|
1,003,920
|
|
|
1,000
|
|
|
Houston, TX Arpt Sys Rev Sub Lien, Ser A
(FSA Insd) (AMT)
|
|
|
5.625
|
|
|
07/01/30
|
|
|
964,570
|
|
|
5,105
|
|
|
Houston, TX Hotel Occupancy Tax & Spl Rev
Convention & Entmt, Ser B (AMBAC Insd)
|
|
|
5.750
|
|
|
09/01/15
|
|
|
5,322,881
|
|
|
225
|
|
|
Houston, TX Pub Impt & Rfdg (FSA Insd)
|
|
|
5.750
|
|
|
03/01/15
|
|
|
237,546
|
|
|
12,800
|
|
|
Houston, TX Util Sys Rev Rfdg Comb First Lien, Ser A
(FSA Insd) (a)
|
|
|
5.000
|
|
|
11/15/36
|
|
|
12,852,736
|
|
|
5,025
|
|
|
Judson, TX Indpt Sch Dist Sch Bldg (AGL Insd) (a)
|
|
|
5.000
|
|
|
02/01/37
|
|
|
5,040,678
|
|
|
1,650
|
|
|
Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX
|
|
|
5.500
|
|
|
02/15/32
|
|
|
1,151,618
|
|
|
1,250
|
|
|
Lufkin, TX Hlth Fac Dev Corp Hlth Sys Rev Mem Hlth Sys East TX
|
|
|
5.500
|
|
|
02/15/37
|
|
|
846,000
|
|
|
1,825
|
|
|
MC Lennan Cnty, TX Pub Fac Corp Proj Rev
|
|
|
6.625
|
|
|
06/01/35
|
|
|
1,953,115
|
|
|
1,410
|
|
|
Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care Ctr
|
|
|
5.625
|
|
|
02/15/35
|
|
|
946,378
|
|
|
1,500
|
|
|
Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care Ctr
(Prerefunded @ 2/15/10)
|
|
|
7.500
|
|
|
02/15/18
|
|
|
1,594,965
|
|
|
1,100
|
|
|
Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem
Hosp Proj
|
|
|
7.200
|
|
|
01/01/21
|
|
|
977,779
|
|
|
1,500
|
|
|
Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem
Hosp Proj
|
|
|
7.250
|
|
|
01/01/31
|
|
|
1,188,015
|
|
|
1,500
|
|
|
Mission, TX Econ Dev Corp Solid Waste Disp Rev Waste Mgmt Inc
Proj (AMT) (b)
|
|
|
6.000
|
|
|
08/01/20
|
|
|
1,468,260
|
|
|
1,500
|
|
|
North Central, TX Hlth Fac Dev Corp Rev Hosp Baylor Hlthcare Sys
Proj, Ser A
|
|
|
5.125
|
|
|
05/15/29
|
|
|
1,426,920
|
|
|
5,750
|
|
|
North Central, TX Hlth Fac Dev Corp Rev Hosp Childrens Med Ctr
Dallas (AMBAC Insd)
|
|
|
5.250
|
|
|
08/15/32
|
|
|
5,389,993
|
|
|
1,000
|
|
|
North TX Twy Auth Rev Rfdg Sys First Tier, Ser B
|
|
|
5.625
|
|
|
01/01/28
|
|
|
1,010,500
|
|
|
1,000
|
|
|
North TX Twy Auth Rev Rfdg Sys First Tier, Ser B
|
|
|
6.000
|
|
|
01/01/26
|
|
|
1,046,650
|
|
36
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Texas (Continued)
|
$
|
1,420
|
|
|
North TX Twy Auth Rev Rfdg Sys First Tier, Ser B
|
|
|
6.000
|
%
|
|
01/01/27
|
|
$
|
1,479,242
|
|
|
2,250
|
|
|
North TX Twy Auth Rev Rfdg Sys First Tier,
Ser L-2 (b)
|
|
|
6.000
|
|
|
01/01/38
|
|
|
2,333,543
|
|
|
4,300
|
|
|
North TX Twy Auth Rev Toll Second Tier Rfdg, Ser F
|
|
|
5.750
|
|
|
01/01/33
|
|
|
4,107,188
|
|
|
1,000
|
|
|
Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac
Buckingham Sr Living Cmnty Inc
|
|
|
5.625
|
|
|
11/15/27
|
|
|
709,970
|
|
|
4,200
|
|
|
Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac
Buckingham Sr Living Cmnty Inc
|
|
|
5.750
|
|
|
11/15/37
|
|
|
2,765,070
|
|
|
8,000
|
|
|
Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac Buckner
Retirement Svc Inc Proj
|
|
|
5.250
|
|
|
11/15/37
|
|
|
6,247,920
|
|
|
650
|
|
|
Tarrant Cnty, TX Cultural Ed Fac Fin Corp Retirement Fac CC
Young Mem Home Proj
|
|
|
5.750
|
|
|
02/15/25
|
|
|
461,247
|
|
|
4,900
|
|
|
Tarrant Cnty, TX Cultural Ed Fac Fin Corp Rev Christus Hlth
Rfdg, Ser A (AGL Insd)
|
|
|
6.250
|
|
|
07/01/28
|
|
|
5,275,095
|
|
|
4,000
|
|
|
Texas A & M Univ Rev Fin Sys, Ser A
|
|
|
5.000
|
|
|
05/15/28
|
|
|
4,189,720
|
|
|
8,700
|
|
|
Texas Commn Mobility Fd (a)
|
|
|
5.000
|
|
|
04/01/28
|
|
|
9,074,883
|
|
|
535
|
|
|
Texas St Pub Ppty Fin Corp Rev Mental Hlth &
Retardation Rfdg (FSA Insd)
|
|
|
5.500
|
|
|
09/01/13
|
|
|
539,933
|
|
|
2,750
|
|
|
Texas St Vets Housing Assistance Pgm Vet, Ser B
(FHA Gtd) (AMT)
|
|
|
6.100
|
|
|
06/01/31
|
|
|
2,753,575
|
|
|
1,500
|
|
|
Texas Wtr Dev Brd Rev St Revolving Fd Sr Lien, Ser B
|
|
|
5.250
|
|
|
07/15/17
|
|
|
1,537,770
|
|
|
4,900
|
|
|
Tyler, TX Hlth Fac Dev Corp Hosp Rev & Impt East TX
Med Ctr Rfdg, Ser A
|
|
|
5.375
|
|
|
11/01/37
|
|
|
3,398,738
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129,451,702
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utah 0.3%
|
|
1,000
|
|
|
Utah Hsg Corp Single Family Mtg Rev,
Ser E (AMT) (a)
|
|
|
5.250
|
|
|
01/01/39
|
|
|
934,530
|
|
|
1,100
|
|
|
Utah St Charter Sch Fin Auth Charter Sch Rev Summit Academy,
Ser A
|
|
|
5.800
|
|
|
06/15/38
|
|
|
763,477
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,698,007
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
Virginia 0.5%
|
$
|
750
|
|
|
Lexington, VA Indl Dev Auth Residential Care Fac Rev Mtg Kendal
at Lexington, Ser A
|
|
|
5.500
|
%
|
|
01/01/37
|
|
$
|
466,957
|
|
|
750
|
|
|
Peninsula Town Ctr Cmnty Dev Auth VA Spl Oblig
|
|
|
6.450
|
|
|
09/01/37
|
|
|
475,538
|
|
|
800
|
|
|
Tobacco Settlement Fin Corp VA
|
|
|
5.500
|
|
|
06/01/26
|
|
|
897,144
|
|
|
2,000
|
|
|
White Oak Vlg Shops VA Cmnty Dev Auth Spl Assmt Rev
|
|
|
5.300
|
|
|
03/01/17
|
|
|
1,663,660
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,503,299
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Washington 3.3%
|
|
2,500
|
|
|
Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser A
(FSA Insd)
|
|
|
5.500
|
|
|
07/01/18
|
|
|
2,679,350
|
|
|
5,360
|
|
|
Energy Northwest WA Elec Rev Proj No 3 Rfdg, Ser B
(FSA Insd)
|
|
|
6.000
|
|
|
07/01/16
|
|
|
5,948,796
|
|
|
1,000
|
|
|
Goat Hill Ppty WA Lease Rev Govt Office Bldg Proj (NATL Insd)
|
|
|
5.000
|
|
|
12/01/33
|
|
|
1,000,920
|
|
|
1,950
|
|
|
Kalispel Tribe Indians Priority Dist WA Rev
|
|
|
6.625
|
|
|
01/01/28
|
|
|
1,450,585
|
|
|
1,000
|
|
|
Port Seattle, WA Rev, Ser B
(NATL Insd) (AMT)
|
|
|
5.625
|
|
|
02/01/24
|
|
|
1,001,160
|
|
|
1,435
|
|
|
Radford Ct Ppty WA Student Hsg Rev (NATL Insd)
|
|
|
6.000
|
|
|
06/01/15
|
|
|
1,509,548
|
|
|
1,585
|
|
|
Radford Ct Ppty WA Student Hsg Rev (NATL Insd)
|
|
|
6.000
|
|
|
06/01/16
|
|
|
1,667,341
|
|
|
1,000
|
|
|
Seattle, WA Muni Lt & Pwr Rev
|
|
|
5.625
|
|
|
12/01/18
|
|
|
1,046,010
|
|
|
3,000
|
|
|
Spokane, WA Pub Fac Dist Hotel Motel & Sales Use Tax
(NATL Insd)
|
|
|
5.250
|
|
|
09/01/33
|
|
|
3,003,480
|
|
|
2,325
|
|
|
Washington St Hsg Fin Commn Nonprofit Rev Custodial Rcpt Wesley
Homes,
Ser 2007A-2027
(Acquired 05/07/08, Cost $2,325,000) (f) (g)
|
|
|
6.000
|
|
|
01/01/27
|
|
|
1,757,398
|
|
|
1,000
|
|
|
Washington St Hsg Fin Commn Nonprofit Rev Skyline at First Hill
Proj, Ser A
|
|
|
5.625
|
|
|
01/01/38
|
|
|
578,830
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,643,418
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
West Virginia 0.6%
|
|
250
|
|
|
Ohio Cnty, WV Cnty Commn Tax Increment Rev Fort Henry Ctr
Fin Dist, Ser A
|
|
|
5.625
|
|
|
06/01/22
|
|
|
197,120
|
|
38
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
West Virginia (Continued)
|
$
|
1,290
|
|
|
Pleasants Cnty, WV Pollutn Ctl Rev Cnty Comm Allegheny Rfdg,
Ser F
|
|
|
5.250
|
%
|
|
10/15/37
|
|
$
|
1,061,993
|
|
|
1,500
|
|
|
West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys
|
|
|
6.000
|
|
|
10/01/20
|
|
|
1,324,575
|
|
|
1,695
|
|
|
West Virginia St Hosp Fin Auth Hosp Rev Thomas Hlth Sys
|
|
|
6.250
|
|
|
10/01/23
|
|
|
1,450,835
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,034,523
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin 2.7%
|
|
510
|
|
|
Badger Tob Asset Sec Corp WI
(Prerefunded @ 6/01/12)
|
|
|
6.375
|
|
|
06/01/32
|
|
|
573,423
|
|
|
2,000
|
|
|
Southeast WI Professional Baseball Pk Dist Sales Tax Rev Rfdg,
Ser A (NATL Insd)
|
|
|
5.500
|
|
|
12/15/20
|
|
|
2,404,500
|
|
|
700
|
|
|
Superior, WI Coll Util Rev Rfdg Superior Wtr Lt & Pwr
Proj, Ser A (AMT)
|
|
|
5.375
|
|
|
11/01/21
|
|
|
627,767
|
|
|
625
|
|
|
Superior, WI Coll Util Rev Superior Wtr Lt & Pwr Proj,
Ser B (AMT)
|
|
|
5.750
|
|
|
11/01/37
|
|
|
523,750
|
|
|
4,100
|
|
|
Wisconsin Hsg & Econ Dev Auth Home Ownership Rev,
Ser A (AMT) (a)
|
|
|
5.300
|
|
|
09/01/23
|
|
|
4,152,070
|
|
|
4,895
|
|
|
Wisconsin Hsg & Econ Dev Auth Home Ownership Rev,
Ser A (AMT) (a)
|
|
|
5.500
|
|
|
09/01/28
|
|
|
4,865,826
|
|
|
1,545
|
|
|
Wisconsin St Gen Rev Appropriation Rev, Ser A
|
|
|
5.375
|
|
|
05/01/25
|
|
|
1,592,617
|
|
|
1,040
|
|
|
Wisconsin St Hlth & Ed Fac Auth Rev Ministry Hlth
(FSA Insd)
|
|
|
5.000
|
|
|
08/01/34
|
|
|
956,103
|
|
|
1,825
|
|
|
Wisconsin St Hlth & Ed Fac Auth Rev Pro Hlthcare Inc
Oblig Group
|
|
|
6.625
|
|
|
02/15/39
|
|
|
1,835,859
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,531,915
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wyoming 0.2%
|
|
2,000
|
|
|
Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj
Rfdg (AMT)
|
|
|
5.600
|
|
|
12/01/35
|
|
|
1,493,020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Guam 0.5%
|
|
3,985
|
|
|
Guam Pwr Auth Rev, Ser A (AMBAC Insd)
|
|
|
5.250
|
|
|
10/01/34
|
|
|
3,151,179
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Par
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
|
|
|
|
|
(000)
|
|
Description
|
|
Coupon
|
|
Maturity
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico 0.1%
|
$
|
1,000
|
|
|
Puerto Rico Indl Tourist Ed Med & Environmental Ctl
Fac Fin Auth Higher Ed Rev
|
|
|
5.375
|
%
|
|
02/01/19
|
|
$
|
838,500
|
|
|
50
|
|
|
Puerto Rico Pub Bldgs Auth Rev Govt Fac, Ser I (Comwth
Gtd)
(Prerefunded @ 7/01/14)
|
|
|
5.250
|
|
|
07/01/33
|
|
|
56,770
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
895,270
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Virgin Islands 0.6%
|
|
1,500
|
|
|
Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt,
Ser A
|
|
|
6.375
|
|
|
10/01/19
|
|
|
1,521,150
|
|
|
1,000
|
|
|
Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt,
Ser A (ACA Insd)
(Prerefunded @ 10/01/10)
|
|
|
6.125
|
|
|
10/01/29
|
|
|
1,083,020
|
|
|
1,000
|
|
|
Virgin Islands Pub Fin Auth Rev Gross Rcpt Taxes Ln Nt,
Ser A
(Prerefunded @ 10/01/10)
|
|
|
6.500
|
|
|
10/01/24
|
|
|
1,092,200
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,696,370
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 187.5%
(Cost $1,314,822,400)
|
|
|
1,212,386,875
|
|
|
|
|
|
|
Liability for Floating Rate Note Obligations Related to
Securities Held (23.9%)
(Cost ($154,490,000))
|
|
|
|
|
|
(154,490
|
)
|
|
Notes with interest rates ranging from 0.51% to 1.74% at
April 30, 2009 and contractual maturities of collateral
ranging from 2023 to 2041 (See Note 1) (i)
|
|
|
(154,490,000
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Net Investments 163.6%
(Cost $1,160,332,400)
|
|
|
1,057,896,875
|
|
|
|
|
|
|
Other Assets in Excess of Liabilities 2.7%
|
|
|
17,395,704
|
|
|
|
|
|
|
Preferred Shares (including accrued
distributions) (66.3%)
|
|
|
(428,842,331
|
)
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares 100.0%
|
|
$
|
646,450,248
|
|
|
|
|
|
|
Percentages are calculated as a percentage of net assets
applicable to common shares.
|
|
|
*
|
|
Zero coupon bond
|
|
(a)
|
|
Underlying security related to
Inverse Floaters entered into by the Trust. See Note 1.
|
|
(b)
|
|
Variable Rate Coupon
|
40
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Portfolio of
Investments
n
April 30,
2009
(Unaudited)
continued
|
|
|
(c)
|
|
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.
|
|
(d)
|
|
Escrowed to Maturity
|
|
(e)
|
|
Security includes a feature
allowing the Trust an option on any interest rate payment date
to offer the security for sale at par. The sale is contingent
upon market conditions.
|
|
(f)
|
|
Security has been deemed illiquid.
|
|
(g)
|
|
Security is restricted and may be
resold only in transactions exempt from registration which are
normally those transactions with qualified institutional buyers.
Restricted securities comprise 1.0% of net assets applicable to
common shares.
|
|
(h)
|
|
Security purchased on a when-issued
or delayed delivery basis.
|
|
(i)
|
|
Floating rate notes. The interest
rates shown reflect the rates in effect at April 30, 2009.
|
ACAAmerican Capital Access
AGCAGC Insured Custody
Certificates
AGLAssured Guaranty Ltd.
AMBACAMBAC Indemnity Corp.
AMTAlternative Minimum Tax
BHACBerkshire Hathaway
Assurance Corp.
ComwthCommonwealth of Puerto
Rico
FGICFinancial Guaranty
Insurance Co.
FHAFederal Housing
Administration
FSAFinancial Security
Assurance Inc.
GNMAGovernment National
Mortgage Association
NATLNational Public Finance
Guarantee Corp.
SyncoraSyncora Guarantee Inc.
41
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Financial Statements
Statement
of Assets and Liabilities
April 30, 2009
(Unaudited)
|
|
|
|
|
|
|
Assets:
|
|
|
|
|
|
|
Total Investments (Cost $1,314,822,400)
|
|
$
|
1,212,386,875
|
|
|
|
Receivables:
|
|
|
|
|
|
|
Interest
|
|
|
20,570,795
|
|
|
|
Investments Sold
|
|
|
962,843
|
|
|
|
Other
|
|
|
2,506
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
|
1,233,923,019
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
Floating Rate Note Obligations
|
|
|
154,490,000
|
|
|
|
Investments Purchased
|
|
|
1,978,500
|
|
|
|
Investment Advisory Fee
|
|
|
431,875
|
|
|
|
Custodian Bank
|
|
|
199,428
|
|
|
|
Income DistributionsCommon Shares
|
|
|
152,752
|
|
|
|
Other Affiliates
|
|
|
23,232
|
|
|
|
Trustees Deferred Compensation and Retirement Plans
|
|
|
1,078,756
|
|
|
|
Accrued Expenses
|
|
|
275,897
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
|
158,630,440
|
|
|
|
Preferred Shares (including accrued distributions)
|
|
|
428,842,331
|
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares
|
|
$
|
646,450,248
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value Per Common Share
($646,450,248 divided by
53,821,931 shares outstanding)
|
|
$
|
12.01
|
|
|
|
|
|
|
|
|
|
|
Net Assets Consist of:
|
|
|
|
|
|
|
Common Shares ($0.01 par value with an unlimited number of
shares authorized, 53,821,931 shares issued and outstanding)
|
|
$
|
538,219
|
|
|
|
Paid in Surplus
|
|
|
822,854,059
|
|
|
|
Accumulated Undistributed Net Investment Income
|
|
|
17,480,628
|
|
|
|
Accumulated Net Realized Loss
|
|
|
(91,987,133
|
)
|
|
|
Net Unrealized Depreciation
|
|
|
(102,435,525
|
)
|
|
|
|
|
|
|
|
|
|
Net Assets Applicable to Common Shares
|
|
$
|
646,450,248
|
|
|
|
|
|
|
|
|
|
|
Preferred Shares
($0.01 par value, authorized
100,000,000 shares, 17,152 issued with liquidation
preference of $25,000 per share)
|
|
$
|
428,800,000
|
|
|
|
|
|
|
|
|
|
|
Net Assets Including Preferred Shares
|
|
$
|
1,075,250,248
|
|
|
|
|
|
|
|
|
|
|
42
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Financial
Statements
continued
Statement
of Operations
For the Six Months Ended
April 30, 2009 (Unaudited)
|
|
|
|
|
|
|
Investment Income:
|
|
|
|
|
|
|
Interest
|
|
$
|
36,646,188
|
|
|
|
|
|
|
|
|
|
|
Expenses:
|
|
|
|
|
|
|
Investment Advisory Fee
|
|
|
3,098,781
|
|
|
|
Interest and Residual Trust Expense
|
|
|
1,279,042
|
|
|
|
Preferred Share Maintenance
|
|
|
519,013
|
|
|
|
Accounting and Administrative Expenses
|
|
|
126,821
|
|
|
|
Professional Fees
|
|
|
113,593
|
|
|
|
Transfer Agent Fees
|
|
|
76,608
|
|
|
|
Reports to Shareholders
|
|
|
48,750
|
|
|
|
Custody
|
|
|
33,014
|
|
|
|
Registration Fees
|
|
|
20,224
|
|
|
|
Trustees Fees and Related Expenses
|
|
|
10,630
|
|
|
|
Depreciation in Trustees Deferred
Compensation Accounts
|
|
|
(280,436
|
)
|
|
|
Other
|
|
|
21,145
|
|
|
|
|
|
|
|
|
|
|
Total Expenses
|
|
|
5,067,185
|
|
|
|
Investment Advisory Fee Reduction
|
|
|
563,414
|
|
|
|
Less Credits Earned on Cash Balances
|
|
|
719
|
|
|
|
|
|
|
|
|
|
|
Net Expenses
|
|
|
4,503,052
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
$
|
32,143,136
|
|
|
|
|
|
|
|
|
|
|
Realized and Unrealized Gain/Loss:
|
|
|
|
|
|
|
Net Realized Loss
|
|
$
|
(27,990,470
|
)
|
|
|
|
|
|
|
|
|
|
Unrealized Appreciation/Depreciation:
|
|
|
|
|
|
|
Beginning of the Period
|
|
|
(178,981,146
|
)
|
|
|
End of the Period
|
|
|
(102,435,525
|
)
|
|
|
|
|
|
|
|
|
|
Net Unrealized Appreciation During the Period
|
|
|
76,545,621
|
|
|
|
|
|
|
|
|
|
|
Net Realized and Unrealized Gain
|
|
$
|
48,555,151
|
|
|
|
|
|
|
|
|
|
|
Distributions to Preferred Shareholders
|
|
$
|
(1,889,894
|
)
|
|
|
|
|
|
|
|
|
|
Net Increase in Net Assets Applicable to Common Shares
from Operations
|
|
$
|
78,808,393
|
|
|
|
|
|
|
|
|
|
|
43
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Financial
Statements
continued
Statements
of Changes in Net Assets (Unaudited)
|
|
|
|
|
|
|
|
|
|
|
For The
|
|
For The
|
|
|
Six Months
Ended
|
|
Year Ended
|
|
|
April 30,
2009
|
|
October 31,
2008
|
|
|
|
|
From Investment Activities:
|
|
|
|
|
|
|
|
|
Operations:
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
$
|
32,143,136
|
|
|
$
|
68,828,372
|
|
Net Realized Loss
|
|
|
(27,990,470
|
)
|
|
|
(54,091,880
|
)
|
Net Unrealized Appreciation/Depreciation During the Period
|
|
|
76,545,621
|
|
|
|
(219,980,173
|
)
|
Distributions to Preferred Shareholders:
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
(1,889,894
|
)
|
|
|
(16,126,788
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in Net Assets Applicable to Common Shares
from Operations
|
|
|
78,808,393
|
|
|
|
(221,370,469
|
)
|
Distributions to Common Shareholders:
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
(23,090,320
|
)
|
|
|
(45,002,791
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Change in Net Assets Applicable to Common Shares from
Investment Activities
|
|
|
55,718,073
|
|
|
|
(266,373,260
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Capital Transactions:
|
|
|
|
|
|
|
|
|
Repurchase of Shares
|
|
|
(93,449
|
)
|
|
|
(10,565,264
|
)
|
|
|
|
|
|
|
|
|
|
Net Change in Net Assets Applicable to Common Shares
|
|
|
55,624,624
|
|
|
|
(276,938,524
|
)
|
Net Assets Applicable to Common Shares:
|
|
|
|
|
|
|
|
|
Beginning of the Period
|
|
|
590,825,624
|
|
|
|
867,764,148
|
|
|
|
|
|
|
|
|
|
|
End of the Period (Including accumulated undistributed net
investment income of $17,480,628 and
$10,317,706, respectively)
|
|
$
|
646,450,248
|
|
|
$
|
590,825,624
|
|
|
|
|
|
|
|
|
|
|
44
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Financial
Statements
continued
Statement
of Cash Flows
For the Six Months Ended
April 30, 2009 (Unaudited)
|
|
|
|
|
|
|
Change in Net Assets from Operations (including Preferred
Share Distributions)
|
|
$
|
78,808,393
|
|
|
|
|
|
|
|
|
|
|
Adjustments to Reconcile the Change in Net Assets from
Operations to Net Cash Provided by Operating Activities:
|
|
|
|
|
|
|
Purchases of Investments
|
|
|
(128,574,933
|
)
|
|
|
Proceeds from Sales of Investments
|
|
|
177,723,524
|
|
|
|
Amortization of Premium
|
|
|
565,493
|
|
|
|
Accretion of Discount
|
|
|
(1,205,080
|
)
|
|
|
Net Realized Loss on Investments
|
|
|
27,990,470
|
|
|
|
Net Change in Unrealized Appreciation on Investments
|
|
|
(76,545,621
|
)
|
|
|
Decrease in Interest Receivables
|
|
|
560,620
|
|
|
|
Decrease in Receivable for Investments Sold
|
|
|
333,027
|
|
|
|
Increase in Other Assets
|
|
|
(1,574
|
)
|
|
|
Decrease in Investments Purchased Payable
|
|
|
(3,135,744
|
)
|
|
|
Decrease in Investment Advisory Fees
|
|
|
(3,444
|
)
|
|
|
Decrease in Other Affiliates Payable
|
|
|
(42,000
|
)
|
|
|
Decrease in Trustees Deferred Compensation and
Retirement Plans
|
|
|
(277,119
|
)
|
|
|
Decrease in Accrued Expenses
|
|
|
(59,043
|
)
|
|
|
Decrease in Custodian Bank Payable
|
|
|
(1,825,374
|
)
|
|
|
|
|
|
|
|
|
|
Total Adjustments
|
|
|
(4,496,798
|
)
|
|
|
|
|
|
|
|
|
|
Net Cash Provided by Operating Activities
|
|
|
74,311,595
|
|
|
|
|
|
|
|
|
|
|
Cash Flows From Financing Activities
|
|
|
|
|
|
|
Repurchased Shares
|
|
|
(93,449
|
)
|
|
|
Dividends Paid
|
|
|
(23,703,146
|
)
|
|
|
Proceeds from and Repayments of Floating Rate
Note Obligations
|
|
|
(50,515,000
|
)
|
|
|
|
|
|
|
|
|
|
Net Cash Used for Financing Activities
|
|
|
(74,311,595
|
)
|
|
|
|
|
|
|
|
|
|
Net Increase in Cash
|
|
|
-0-
|
|
|
|
Cash at the Beginning of the Period
|
|
|
-0-
|
|
|
|
|
|
|
|
|
|
|
Cash at the End of the Period
|
|
$
|
-0-
|
|
|
|
|
|
|
|
|
|
|
Supplemental Disclosures of Cash Flow Information
|
|
|
|
|
|
|
Cash Paid During the Period for Interest
|
|
$
|
1,279,042
|
|
|
|
|
|
|
|
|
|
|
45
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Financial
Highlights (Unaudited)
The
following schedule presents financial highlights for one common
share of the Trust outstanding throughout the periods
indicated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months
|
|
|
|
|
|
|
|
|
|
|
|
|
Ended
|
|
|
|
|
|
|
|
|
|
|
|
|
April 30,
|
|
Year Ended
October 31,
|
|
|
2009
|
|
2008
|
|
2007
|
|
2006
|
|
2005
|
|
2004
|
|
|
|
|
Net Asset Value, Beginning of the Period
|
|
$
|
10.98
|
|
|
$
|
15.89
|
|
|
$
|
16.97
|
|
|
$
|
16.80
|
|
|
$
|
17.34
|
|
|
$
|
17.15
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
0.60
|
(a)
|
|
|
1.27
|
(a)
|
|
|
1.18
|
(a)
|
|
|
1.11
|
(a)
|
|
|
1.09
|
|
|
|
1.09
|
|
Net Realized and Unrealized Gain/Loss
|
|
|
0.90
|
|
|
|
(5.05
|
)
|
|
|
(1.06
|
)
|
|
|
0.47
|
|
|
|
(0.48
|
)
|
|
|
0.31
|
|
Common Share Equivalent of Distributions Paid to
Preferred Shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
(0.04
|
)
|
|
|
(0.30
|
)
|
|
|
(0.37
|
)
|
|
|
(0.29
|
)
|
|
|
(0.22
|
)
|
|
|
(0.10
|
)
|
Net Realized Gain
|
|
|
-0-
|
|
|
|
-0-
|
|
|
|
(0.01
|
)
|
|
|
(0.06
|
)
|
|
|
-0-
|
|
|
|
(0.01
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from Investment Operations
|
|
|
1.46
|
|
|
|
(4.08
|
)
|
|
|
(0.26
|
)
|
|
|
1.23
|
|
|
|
0.39
|
|
|
|
1.29
|
|
Distributions Paid to Common Shareholders:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
(0.43
|
)
|
|
|
(0.83
|
)
|
|
|
(0.80
|
)
|
|
|
(0.82
|
)
|
|
|
(0.93
|
)
|
|
|
(1.00
|
)
|
Net Realized Gain
|
|
|
-0-
|
|
|
|
-0-
|
|
|
|
(0.02
|
)
|
|
|
(0.24
|
)
|
|
|
-0-
|
|
|
|
(0.10
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value, End of the Period
|
|
$
|
12.01
|
|
|
$
|
10.98
|
|
|
$
|
15.89
|
|
|
$
|
16.97
|
|
|
$
|
16.80
|
|
|
$
|
17.34
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Common Share Market Price at End of the Period
|
|
$
|
11.71
|
|
|
$
|
10.11
|
|
|
$
|
14.11
|
|
|
$
|
14.94
|
|
|
$
|
14.61
|
|
|
$
|
15.34
|
|
Total
Return
*
(b)
|
|
|
20.65%
|
**
|
|
|
23.77%
|
|
|
|
0.39%
|
|
|
|
9.86%
|
|
|
|
1.31%
|
|
|
|
5.76%
|
|
Net Assets Applicable to Common Shares at End of the Period
(In millions)
|
|
$
|
646.5
|
|
|
$
|
590.8
|
|
|
$
|
867.8
|
|
|
$
|
743.4
|
|
|
$
|
736.0
|
|
|
$
|
468.3
|
|
Ratio of Expenses to Average Net Assets Applicable to Common
Shares
*
(c)
|
|
|
1.51%
|
|
|
|
2.23%
|
|
|
|
2.45%
|
|
|
|
1.28%
|
|
|
|
1.17%
|
|
|
|
1.27%
|
|
Ratio of Net Investment Income to Average Net Assets Applicable
to Common
Shares
*
(c)
|
|
|
10.80%
|
|
|
|
8.78%
|
|
|
|
7.85%
|
|
|
|
6.68%
|
|
|
|
6.51%
|
|
|
|
6.43%
|
|
Portfolio Turnover
|
|
|
11%
|
**
|
|
|
55%
|
|
|
|
26%
|
|
|
|
25%
|
|
|
|
25%
|
|
|
|
18%
|
|
* If
certain expenses had not been voluntarily assumed by
Van Kampen, total return would have been lower and the
ratios would have been as follows:
|
Ratio of
Expenses to Average Net Assets Applicable to
Common Shares (c)
|
|
|
1.70%
|
|
|
|
2.40%
|
|
|
|
2.61%
|
|
|
|
N/A
|
|
|
|
N/A
|
|
|
|
N/A
|
|
Ratio of Net
Investment Income to Average Net Assets Applicable to
Common Shares (c)
|
|
|
10.61%
|
|
|
|
8.61%
|
|
|
|
7.69%
|
|
|
|
N/A
|
|
|
|
N/A
|
|
|
|
N/A
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Supplemental Ratios:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Expenses (Excluding Interest and Residual
Trust Expenses) to Average Net Assets Applicable to
Common Shares (c)
|
|
|
1.08%
|
|
|
|
0.98%
|
|
|
|
1.12%
|
|
|
|
1.17%
|
|
|
|
1.17%
|
|
|
|
1.27%
|
|
Ratio of Expenses (Excluding Interest and Residual
Trust Expenses) to Average Net Assets Applicable Including
Preferred Shares (c)
|
|
|
0.63%
|
|
|
|
0.60%
|
|
|
|
0.64%
|
|
|
|
0.73%
|
|
|
|
0.74%
|
|
|
|
0.80%
|
|
Ratio of Net Investment Income to Average Net Assets Applicable
to Common Shares (d)
|
|
|
10.17%
|
|
|
|
6.72%
|
|
|
|
5.36%
|
|
|
|
4.94%
|
|
|
|
5.22%
|
|
|
|
5.82%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Senior Securities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Shares Outstanding
|
|
|
17,152
|
|
|
|
17,152
|
|
|
|
21,440
|
|
|
|
17,200
|
|
|
|
17,200
|
|
|
|
10,600
|
|
Asset Coverage Per Preferred Share (e)
|
|
$
|
62,692
|
|
|
$
|
59,484
|
|
|
$
|
65,519
|
|
|
$
|
68,253
|
|
|
$
|
67,812
|
|
|
$
|
69,204
|
|
Involuntary Liquidating Preference Per Preferred Share
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
Average Market Value Per Preferred Share
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
$
|
25,000
|
|
|
|
|
**
|
|
Non-Annualized
|
(a)
|
|
Based on average shares outstanding.
|
(b)
|
|
Total return assumes an investment
at the common share market price at the beginning of the period
indicated, reinvestment of all distributions for the period in
accordance with the Trusts dividend reinvestment plan, and
sale of all shares at the closing common share market price at
the end of the period indicated.
|
(c)
|
|
Ratios do not reflect the effect of
dividend payments to preferred shareholders.
|
(d)
|
|
Ratios reflect the effect of
dividend payments to preferred shareholders.
|
(e)
|
|
Calculated by subtracting the
Trusts total liabilities (not including the preferred
shares) from the Trusts total assets and dividing this by
the number of preferred shares outstanding.
|
N/A=Not Applicable
46
See Notes to Financial
Statements
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
1. Significant
Accounting Policies
Van Kampen Trust for Investment Grade Municipals (the
Trust) is registered as a diversified, closed-end
management investment company under the Investment Company Act
of 1940, as amended (the 1940 Act). The Trusts
investment objective is to seek to provide a high level of
current income exempt from federal income taxes, consistent with
preservation of capital.
The Trust will invest substantially all of its assets in
municipal securities rated investment grade at the time of
investment. The Trust commenced investment operations on
January 24, 1992.
The following is a summary of significant accounting policies
consistently followed by the Trust in the preparation of its
financial statements. The preparation of financial statements in
conformity with accounting principles generally accepted in the
United States of America requires management to make estimates
and assumptions that affect the reported amounts of assets and
liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts
of revenues and expenses during the reporting period. Actual
results could differ from those estimates.
A. Security Valuation
Municipal bonds
are valued by independent pricing services or dealers using the
mean of the last reported bid and asked prices or, in the
absence of market quotations, at fair value based upon yield
data relating to municipal bonds with similar characteristics
and general market conditions. Securities which are not valued
by independent pricing services or dealers are valued at fair
value using procedures established in good faith by the Board of
Trustees. Factors considered in making this determination may
include, but are not limited to, information obtained by
contacting the issuer, analysts, or the appropriate stock
exchange (for exchange-traded securities), analysis of the
issuers financial statements or other available documents
and, if necessary, available information concerning other
securities in similar circumstances. Futures contracts are
valued at the settlement price established each day on the
exchange on which they are traded. Short-term securities with
remaining maturities of 60 days or less are valued at
amortized cost, which approximates market value.
The Trust adopted Financial Accounting Standards Board Statement
of Financial Accounting Standards No. 157,
Fair Value
Measurements
(FAS 157), effective November 1,
2008. In accordance with FAS 157, fair value is defined as
the price that the Trust would receive to sell an investment or
pay to transfer a liability in an orderly transaction with an
independent buyer in the principal market, or in the absence of
a principal market the most advantageous market for the
investment or liability. FAS 157 establishes a three-tier
hierarchy to distinguish between (1) inputs that reflect
the assumptions market participants would use in pricing an
asset or liability developed based on market data obtained from
sources independent of the reporting entity (observable inputs)
and (2) inputs that reflect the reporting entitys own
assumptions about the assumptions market participants would use
in pricing an asset or liability developed based on the best
information available in the circumstances (unobservable inputs)
and to establish classification of fair value measurements for
disclosure purposes. Various inputs are used in determining the
value of the Trusts investments. The inputs are summarized
in the three broad levels listed below.
|
|
Level 1
|
quoted prices in active markets for identical investments
|
Level 2
|
other significant observable inputs (including quoted prices for
similar investments, interest rates, prepayment speeds, credit
risk, etc.)
|
47
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
|
|
Level 3
|
significant unobservable inputs (including the Trusts own
assumptions in determining the fair value of investments)
|
The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing
in those securities.
The following is a summary of the inputs used as of
April 30, 2009 in valuing the Trusts investments
carried at value:
|
|
|
|
|
|
|
Investments in
|
Valuation
Inputs
|
|
Securities
|
|
Level 1Quoted Prices
|
|
$
|
-0-
|
|
Level 2Other Significant Observable Inputs
|
|
|
1,212,386,875
|
|
Level 3Significant Unobservable Inputs
|
|
|
-0-
|
|
|
|
|
|
|
Total
|
|
$
|
1,212,386,875
|
|
|
|
|
|
|
B. Security Transactions
Security
transactions are recorded on a trade date basis. Realized gains
and losses are determined on an identified cost basis. The Trust
may purchase and sell securities on a when-issued or
delayed delivery basis, with settlement to occur at
a later date. The value of the security so purchased is subject
to market fluctuations during this period. Purchasing securities
on this basis involves a risk that the market value at the time
of delivery may be lower than the agreed upon purchase price
resulting in an unrealized loss. The Trust will segregate assets
with the custodian having an aggregate value at least equal to
the amount of the when-issued, delayed delivery purchase
commitments until payment is made. At April 30, 2009, the
Trust had $1,978,500 of when-issued or delayed delivery purchase
commitments.
C. Investment Income
Interest income is
recorded on an accrual basis. Bond premium is amortized and
discount is accreted over the expected life of each applicable
security.
D. Federal Income Taxes
It is the
Trusts policy to comply with the requirements of
Subchapter M of the Internal Revenue Code applicable to
regulated investment companies and to distribute substantially
all of its taxable income to its shareholders. Therefore, no
provision for federal income taxes is required. Financial
Accounting Standards Board Interpretation No. 48
Accounting for Uncertainty in Income Taxes
sets forth a
minimum threshold for financial statement recognition of the
benefit of a tax position taken or expected to be taken in a tax
return. Management has concluded there are no significant
uncertain tax positions that would require recognition in the
financial statements. If applicable, the Trust recognizes
interest accrued related to unrecognized tax benefits in
Interest Expense and penalties in Other
expenses on the Statement of Operations. The Trust files tax
returns with the U.S. Internal Revenue Service, New York
and various states. Generally, each of the tax years in the four
year period ended October 31, 2008, remains subject to
examination by taxing authorities.
The Trust intends to utilize provisions of the federal income
tax laws which allow it to carry a realized capital loss forward
for eight years following the year of the loss and offset these
losses against any future realized capital gains. At
October 31, 2008, the Trust had an
48
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
accumulated capital loss
carryforward for tax purposes of $63,647,992, which will expire
according to the following schedule:
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
Expiration
|
|
$
|
11,260,708
|
|
|
|
|
|
October 31, 2015
|
|
|
52,387,284
|
|
|
|
|
|
October 31, 2016
|
|
At April 30, 2009, the cost and related gross unrealized
appreciation and depreciation were as follows:
|
|
|
|
|
|
|
Cost of investments for tax purposes
|
|
$
|
1,139,032,146
|
|
|
|
|
|
|
|
|
|
|
Gross tax unrealized appreciation
|
|
$
|
39,164,453
|
|
|
|
Gross tax unrealized depreciation
|
|
|
(120,302,353
|
)
|
|
|
|
|
|
|
|
|
|
Net tax unrealized depreciation on investments
|
|
$
|
(81,137,900
|
)
|
|
|
|
|
|
|
|
|
|
E. Distribution of Income and Gains
The
Trust declares and pays monthly dividends from net investment
income to common shareholders. Net realized gains, if any, are
distributed at least annually on a pro rata basis to common and
preferred shareholders. Distributions from net realized gains
for book purposes may include short-term capital gains and a
portion of future gains, which are included as ordinary income
for tax purposes.
The tax character of distributions paid during the year ended
October 31, 2008 was as follows:
|
|
|
|
|
Distributions paid from:
|
|
|
|
|
Ordinary income
|
|
$
|
142,380
|
|
Tax exempt income
|
|
|
61,279,813
|
|
Long-term capital gain
|
|
|
-0-
|
|
|
|
|
|
|
|
|
$
|
61,422,193
|
|
|
|
|
|
|
As of October 31, 2008, the components of distributable
earnings on a tax basis were as follows:
|
|
|
|
|
Undistributed ordinary income
|
|
$
|
262,882
|
|
Undistributed tax-exempt income
|
|
|
10,808,732
|
|
Net realized gains or losses may differ for financial reporting
and tax purposes as a result of the deferral of gains relating
to wash sale transactions and gains or losses recognized for tax
purposes but not for book.
F. Floating Rate Note Obligations Related to
Securities Held
The Trust enters into transactions
in which it transfers to dealer trusts fixed rate bonds in
exchange for cash and residual interests in the dealer
trusts assets and cash flows, which are in the form of
inverse floating rate investments. The dealer trusts fund the
purchases of the fixed rate bonds by issuing floating rate notes
to third parties and allowing the Trust to retain residual
interests in the bonds. The Trust enters into shortfall
agreements with the dealer trusts, which commit the Trust to pay
the dealer trusts, in certain circumstances, the difference
between the liquidation
49
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
value of the fixed rate bonds held
by the dealer trusts and the liquidation value of the floating
rate notes held by third parties, as well as any shortfalls in
interest cash flows. The residual interests held by the Trust
(inverse floating rate investments) include the right of the
Trust (1) to cause the holders of the floating rate notes
to tender their notes at par at the next interest rate reset
date, and (2) to transfer the municipal bond from the
dealer trusts to the Trust, thereby collapsing the dealer
trusts. The Trust accounts for the transfer of bonds to the
dealer trusts as secured borrowings, with the securities
transferred remaining in the Trusts investment assets, and
the related floating rate notes reflected as Trust liabilities
under the caption Floating Rate
Note Obligations on the Statement of Assets and
Liabilities. The Trust records the interest income from the
fixed rate bonds under the caption Interest and
records the expenses related to floating rate note obligations
and any administrative expenses of the dealer trusts under the
caption Interest and Residual Trust Expenses on
the Trusts Statement of Operations. The notes issued by
the dealer trusts have interest rates that reset weekly and the
floating rate note holders have the option to tender their notes
to the dealer trusts for redemption at par at each reset date.
At April 30, 2009, Trust investments with a value of
$261,788,173 are held by the dealer trusts and serve as
collateral for the $154,490,000 in floating rate notes
outstanding at that date. Contractual maturities of the floating
rate notes and interest rates in effect at April 30, 2009
are presented on the Portfolio of Investments. The average
floating rate notes outstanding and average annual interest and
fee rate related to residual interests during the six months
ended April 30, 2009 were $177,211,397 and 1.46%,
respectively.
G. Credits Earned on Cash
Balances
During the six months ended April 30,
2009 the Trusts custody fee was reduced by $719 as a
result of credits earned on cash balances.
2. Investment
Advisory Agreement and Other Transactions with
Affiliates
Under the terms of the Trusts Investment Advisory
Agreement, Van Kampen Asset Management (the
Adviser) provides investment advice and facilities
to the Trust for an annual fee payable monthly of .55% of the
average daily net assets including current preferred shares and
leverage of $107,200,000 entered into to retire previously
issued preferred shares of the Trust. The Adviser has agreed to
waive investment advisory fees equal to 0.10% of the average
daily net assets including current preferred shares and leverage
of $107,200,000 entered into to retire previously issued shares
of the Trust. During the six months ended April 30, 2009,
the Adviser waived approximately $563,400 of its advisory fees.
This waiver is voluntary and can be discontinued at any time.
For the six months ended April 30, 2009, the Trust
recognized expenses of approximately $56,600 representing legal
services provided by Skadden, Arps, Slate, Meagher &
Flom LLP, of which a trustee of the Trust is a partner of such
firm and he and his law firm provide legal services as legal
counsel to the Trust.
Under separate Legal Services, Accounting Services and Chief
Compliance Officer (CCO) Employment agreements, the Adviser
provides accounting and legal services and the CCO provides
compliance services to the Trust. The costs of these services
are allocated to each trust. For the six months ended
April 30, 2009, the Trust recognized expenses of
approximately $77,400 representing Van Kampen Investments
Inc.s or its affiliates (collectively
Van Kampen) cost of providing accounting and
legal services to the Trust, as well as the salary, benefits and
related costs of the CCO and related support staff paid by
Van Kampen.
50
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
Services provided pursuant to the
Legal Services agreement are reported as part of
Professional Fees on the Statement of Operations.
Services provided pursuant to the Accounting Services and CCO
Employment agreement are reported as part of Accounting
and Administrative Expenses on the Statement of Operations.
Certain officers and trustees of the Trust are also officers and
directors of Van Kampen. The Trust does not compensate its
officers or trustees who are also officers of Van Kampen.
The Trust provides deferred compensation and retirement plans
for its trustees who are not officers of Van Kampen. Under
the deferred compensation plan, trustees may elect to defer all
or a portion of their compensation to a later date. Benefits
under the retirement plan are payable upon retirement for a
ten-year period and are based upon each trustees years of
service to the Trust. The maximum annual benefit per trustee
under the plan is $2,500.
3. Capital
Transactions
For the six months ended April 30, 2009 and the year ended
October 31, 2008, transactions in common shares were as
follows:
|
|
|
|
|
|
|
|
|
|
|
Six Months
Ended
|
|
Year Ended
|
|
|
April 30,
2009
|
|
October 31,
2008
|
|
Beginning Shares
|
|
|
53,831,731
|
|
|
|
54,609,130
|
|
Shares Issued Through Dividend Reinvestment
|
|
|
-0-
|
|
|
|
182
|
|
Shares Repurchased
*
|
|
|
(9,800
|
)
|
|
|
(777,581
|
)
|
|
|
|
|
|
|
|
|
|
Ending Shares
|
|
|
53,821,931
|
|
|
|
53,831,731
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
|
|
The Trust has a share repurchase
program for purposes of enhancing stockholder value and reducing
the discount at which the Trusts shares trade from their
net asset value. For the six months ended April 30, 2009
and the year ended October 31, 2008, the Trust repurchased
9,800 and 777,581 of its shares, respectively, at an average
discount of 11.74% and 8.60%, respectively, from net asset value
per share. The Trust expects to continue to repurchase its
outstanding shares at such time and in such amounts as it
believes such activity will further the accomplishment of the
foregoing objectives, subject to the review of the Trustees.
|
4. Investment
Transactions
During the period, the cost of purchases and proceeds from sales
of investments, excluding short-term investments, were
$128,574,933 and $177,723,524, respectively.
5. Derivative
Financial Instruments
A derivative financial instrument in very general terms refers
to a security whose value is derived from the value
of an underlying asset, reference rate or index.
In order to seek to manage the interest rate exposure of the
Trusts portfolio in a changing interest rate environment,
the Trust may purchase or sell financial futures contracts or
engage in transactions involving interest rate swaps, caps,
floors or collars. The Trust expects to enter into these
transactions primarily as a hedge against anticipated interest
rate or fixed-income market changes, for duration management or
for risk management purposes, but may also enter into these
transactions to generate additional income. All of the
Trusts portfolio holdings, including derivative
instruments, are marked to market each day with the change in
value reflected in the unrealized appreciation/depreciation.
Upon disposition, a realized gain or loss is generally
recognized.
51
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
Summarized below are the specific types of derivative financial
instruments used by the Trust.
A. Futures Contracts
A futures contract is an
agreement involving the delivery of a particular asset on a
specified future date at an agreed upon price. The Trust
generally invests in exchange traded futures contracts on
U.S. Treasury Bonds and Notes and typically closes the
contract prior to the delivery date. These contracts are
generally used to manage the Trusts effective maturity and
duration. Upon entering into futures contracts, the Trust
maintains an amount of cash or liquid securities with a value
equal to a percentage of the contract amount with either a
futures commission merchant pursuant to the rules and
regulations promulgated under the 1940 Act, or with its
custodian in an account in the brokers name. This amount
is known as initial margin. During the period the futures
contract is open, payments are received from or made to the
broker based upon changes in the value of the contract (the
variation margin). The risk of loss associated with a futures
contract is in excess of the variation margin reflected on the
Statement of Assets and Liabilities. There were no futures
transactions entered into during the six months ended
April 30, 2009.
B. Inverse Floating Rate Securities
The Trust
may invest a portion of its assets in inverse floating rate
municipal securities, which are variable debt instruments that
pay interest at rates that move in the opposite direction of
prevailing interest rates. These investments are typically used
by the Trust in seeking to enhance the yield of the portfolio or
used as an alternative form of leverage in order to redeem a
portion of the Trusts preferred shares. Inverse floating
rate investments tend to underperform the market for fixed rate
bonds in a rising interest rate environment, but tend to
outperform the market for fixed rate bonds when interest rates
decline or remain relatively stable. Inverse floating rate
investments have varying degrees of liquidity. Inverse floating
rate securities in which the Trust may invest include derivative
instruments such as residual interest bonds (RIBs)
or tender option bonds (TOBs). Such instruments are
typically created by a special purpose trust that holds
long-term fixed rate bonds (which may be tendered by the Trust
in certain instances) and sells two classes of beneficial
interests: short-term floating rate interests, which are sold to
third party investors, and inverse floating residual interests,
which are purchased by the Trust. The short-term floating rate
interests have first priority on the cash flow from the bonds
held by the special purpose trust and the Trust is paid the
residual cash flow from the bonds held by the special purpose
trust.
The Trust generally invests in inverse floating rate investments
that include embedded leverage, thus exposing the Trust to
greater risks and increased costs. The market value of a
leveraged inverse floating rate investment generally
will fluctuate in response to changes in market rates of
interest to a greater extent than the value of an unleveraged
investment. The extent of increases and decreases in the value
of inverse floating rate investments generally will be larger
than changes in an equal principal amount of a fixed rate
security having similar credit quality, redemption provisions
and maturity, which may cause the Trusts net asset value
to be more volatile than if it had not invested in inverse
floating rate investments.
In certain instances, the short-term floating rate interests
created by the special purpose trust may not be able to be sold
to third parties or, in the case of holders tendering (or
putting) such interests for repayment of principal, may not be
able to be remarketed to third parties. In such cases, the
special purpose trust holding the long-term fixed rate bonds may
be
52
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
collapsed. In the case of RIBs or
TOBs created by the contribution of long-term fixed income bonds
by the Trust, the Trust will then be required to repay the
principal amount of the tendered securities. During times of
market volatility, illiquidity or uncertainty, the Trust could
be required to sell other portfolio holdings at a
disadvantageous time to raise cash to meet that obligation.
6. Preferred
Shares
The Trust has outstanding 17,152 Auction Preferred Shares (APS)
in nine series. Series A, B and C contain 2,400 shares
each, Series D contains 1,280 shares, Series E, F
and G contain 1,760 shares each, Series H contains
1,792 shares and Series I contains 1,600 shares.
Dividends are cumulative and the dividend rates are generally
reset every 28 days through an auction process. Beginning
on February 15, 2008 and continuing through April 30,
2009, all series of preferred shares of the Trust were not
successfully remarketed. As a result, the dividend rates of
these preferred shares were reset to the maximum applicable rate
on APS. The average rate in effect on April 30, 2009 was
0.328%. During the six months ended April 30, 2009, the
rates ranged from 0.287% to 4.426%.
Historically, the Trust paid annual fees equivalent to .25% of
the preferred share liquidation value for the remarketing
efforts associated with the preferred auction. Effective
March 16, 2009, the Trust decreased this amount to .15% due
to auction failures. In the future, if auctions no longer fail,
the Trust may return to an annual fee payment of .25% of the
preferred share liquidation value. These fees are included as a
component of Preferred Share Maintenance expense on
the Statement of Operations.
The APS are redeemable at the option of the Trust in whole or in
part at the liquidation value of $25,000 per share plus
accumulated and unpaid dividends. The Trust is subject to
certain asset coverage tests and the APS are subject to
mandatory redemption if the tests are not met.
The Trust has the option to enter into additional inverse
floating rate securities as an alternative form of leverage in
order to redeem and retire a portion of its preferred shares.
For the six months ended April 30, 2009, the Trust did not
exercise this option.
7. Indemnifications
The Trust enters into contracts that contain a variety of
indemnifications. The Trusts maximum exposure under these
arrangements is unknown. However, the Trust has not had prior
claims or losses pursuant to these contracts and expects the
risk of loss to be remote.
8. Accounting
Pronouncements
On March 19, 2008, Financial Accounting Standards Board
released Statement of Financial Accounting Standards
No. 161,
Disclosures about Derivative Instruments and
Hedging Activities
(FAS 161). FAS 161 requires
qualitative disclosures about objectives and strategies for
using derivatives, quantitative disclosures about fair value
amounts of and gains and losses on derivative instruments, and
disclosures about credit-risk-related contingent features in
derivative agreements. The application of FAS 161 is
required for fiscal years and interim periods beginning after
November 15, 2008. At this time, management does not
believe the adoption of FAS 161 will impact the financial
statement amounts; however, additional footnote disclosures may
be required about the use of derivative instruments and hedging
items.
53
Van Kampen
Trust for Investment Grade Municipals
Notes to Financial
Statements
n
April 30,
2009 (Unaudited)
continued
On April 9, 2009, the Financial Accounting Standards Board
issued Staff Position
No. 157-4,
Determining Fair Value When the Volume and Level of Activity
for the Asset or Liability Have Significantly Decreased and
Identifying Transactions That Are Not Orderly
(FSP 157-4).
FSP 157-4
provides additional guidance for estimating fair value in
accordance with FAS 157 when the volume and level of
activity for the assets or liability have significantly
decreased.
FSP 157-4
also requires additional disaggregation of the current
FAS 157 required disclosures. FSP
157-4
is
effective for interim and annual reporting periods ending after
June 15, 2009, and shall be applied prospectively. At this
time, management is evaluating the implications of FSP
157-4
and
the impact it will have on the financial statement disclosures.
54
Van Kampen
Trust for Investment Grade Municipals
Board of Trustees, Officers, and Important Addresses
|
|
|
Board
of Trustees
David C. Arch
Jerry D. Choate
Rod Dammeyer
Linda Hutton Heagy
R. Craig Kennedy
Howard J Kerr
Jack E. Nelson
Hugo F. Sonnenschein
Wayne W. Whalen*
Chairman
Suzanne H. Woolsey
Officers
Edward C. Wood III
President and Principal Executive Officer
Kevin Klingert
Vice President
Stefanie V. Chang Yu
Vice President and Secretary
John L. Sullivan
Chief Compliance Officer
Stuart N. Schuldt
Chief Financial Officer and Treasurer
|
|
Investment
Adviser
Van Kampen Asset Management
522 Fifth Avenue
New York, New York 10036
Custodian
State Street Bank
and Trust Company
One Lincoln Street
Boston, Massachusetts 02111
Transfer
Agent
Computershare Trust Company, N.A.
c/o Computershare Investor Services
P.O. Box 43078
Providence, Rhode Island 02940-3078
Legal
Counsel
Skadden, Arps, Slate,
Meagher & Flom LLP
155 North Wacker Drive
Chicago, Illinois 60606
Independent
Registered
Public Accounting Firm
Deloitte & Touche LLP
111 South Wacker Drive
Chicago, Illinois 60606-4301
|
|
|
|
*
|
|
Interested persons of
the Trust, as defined in the Investment Company Act of 1940, as
amended.
|
55
Van
Kampen Trust for Investment Grade Municipals
An Important Notice Concerning Our
U.S.
Privacy Policy
We are required by
federal law to provide you with a copy of our Privacy Policy
annually.
This Policy applies
to current and former individual clients of Van Kampen
Investments Inc., Van Kampen Asset Management,
Van Kampen Advisors Inc., Van Kampen Funds Inc.,
Van Kampen Investor Services Inc. and Van Kampen
Exchange Corp., as well as current and former individual
investors in Van Kampen mutual funds, unit investment
trusts, and related companies.
This Policy is not
applicable to partnerships, corporations, trusts or other
non-individual clients or account holders, nor is this Policy
applicable to individuals who are either beneficiaries of a
trust for which we serve as trustee or participants in an
employee benefit plan administered or advised by us. This Policy
is, however, applicable to individuals who select us to be a
custodian of securities or assets in individual retirement
accounts, 401(k) accounts, 529 Educational Savings Accounts,
accounts subject to the Uniform Gifts to Minors Act, or similar
accounts. Please note that we may amend this Policy at any time,
and will inform you of any changes to this Policy as required by
law.
We Respect Your
Privacy
We appreciate that
you have provided us with your personal financial information
and understand your concerns about safeguarding such
information. We strive to maintain the privacy of such
information while we help you achieve your financial objectives.
This Policy describes what nonpublic personal information we
collect about you, how we collect it, when we may share it with
others, and how others may use it. It discusses the steps you
may take to limit our sharing of information about you with
affiliated Van Kampen companies (affiliated
companies). It also discloses how you may limit our
affiliates use of shared information for marketing
purposes. Throughout this Policy, we refer to the nonpublic
information that personally identifies you or your accounts as
personal information.
1. What
Personal Information Do We Collect About
You?
To better serve you
and manage our business, it is important that we collect and
maintain accurate information about you. We obtain this
information from applications and other forms you submit to us,
from your dealings with us, from consumer reporting agencies and
from third parties and other sources. For example:
|
|
|
|
|
|
We collect
information such as your name, address,
e-mail
address, phone number and account title.
|
|
(continued
on next page)
Van
Kampen Trust for Investment Grade Municipals
An Important Notice Concerning Our
U.S. Privacy Policy
continued
|
|
|
|
|
|
We may obtain
information about account balances, your use of account(s) and
the types of products and services you prefer to receive from us
through your dealings and transactions with us and other sources.
|
|
|
|
|
We may obtain
information about your creditworthiness and credit history from
consumer reporting agencies.
|
|
|
|
|
We may collect
background information from and through third-party vendors to
verify representations you have made and to comply with various
regulatory requirements.
|
|
|
|
|
If you interact with
us through our public and private Web sites, we may collect
information that you provide directly through online
communications (such as an
e-mail
address). We may also collect information about your Internet
service provider, your domain name, your computers
operating system and Web browser, your use of our Web sites and
your product and service preferences, through the use of
cookies. Cookies recognize your computer
each time you return to one of our sites, and help to improve
our sites content and personalize your experience on our
sites by, for example, suggesting offerings that may interest
you. Please consult the Terms of Use of these sites for more
details on our use of cookies.
|
|
2. When Do
We Disclose Personal Information We Collect About
You?
To provide you with
the products and services you request, to better serve you, to
manage our business and as otherwise required or permitted by
law, we may disclose personal information we collect about you
to other affiliated companies and to nonaffiliated third
parties.
A. Information
We Disclose to Our Affiliated
Companies.
In
order to manage your account(s) effectively, including servicing
and processing your transactions, to let you know about products
and services offered by us and affiliated companies, to manage
our business, and as otherwise required or permitted by law, we
may disclose personal information to other affiliated companies.
Offers for products and services from affiliated companies are
developed under conditions designed to safeguard your personal
information.
B. Information
We Disclose to Third
Parties.
We
do not disclose personal information that we collect about you
to nonaffiliated third parties except to enable them to provide
marketing services on our behalf, to perform joint marketing
agreements with other financial institutions, and as otherwise
required or permitted by law. For example, some instances where
we may disclose information about you to third
(continued
on next page)
Van
Kampen Trust for Investment Grade Municipals
An Important Notice Concerning Our
U.S. Privacy Policy
continued
parties
include: for servicing and processing transactions, to offer our
own products and services, to protect against fraud, for
institutional risk control, to respond to judicial process or to
perform services on our behalf. When we share personal
information with a nonaffiliated third party, they are required
to limit their use of personal information to the particular
purpose for which it was shared and they are not allowed to
share personal information with others except to fulfill that
limited purpose.
3. How Do We
Protect the Security and Confidentiality of Personal Information
We Collect About
You?
We maintain
physical, electronic and procedural security measures to help
safeguard the personal information we collect about you. We have
internal policies governing the proper handling of client
information. Third parties that provide support or marketing
services on our behalf may also receive personal information,
and we require them to adhere to confidentiality standards with
respect to such information.
4. How Can
You Limit the Sharing of Certain Types of Personal Information
With Affiliated
Companies?
We respect your
privacy and offer you choices as to whether we share with
affiliated companies personal information that was collected to
determine your eligibility for products and services you request
(eligibility information). Please note that, even if
you direct us not to share eligibility information with
affiliated companies (opt-out), we may still share
personal information, including eligibility information, with
those companies in circumstances excluded from the opt-out under
applicable law, such as to process transactions or to service
your account. We may also share certain other types of personal
information with affiliated companiessuch as your name,
address, telephone number,
e-mail
address and account number(s), and information about your
transactions and experiences with us.
5. How Can
You Limit the Use of Certain Types of Personal Information by
Affiliated Companies for
Marketing?
You may limit
affiliated companies from marketing their products or services
to you based on your personal information that they receive from
affiliated companies. This information includes your income,
assets and account history. Your choice to limit marketing
offers from affiliated companies will apply until you tell us to
change your choice.
(continued
on next page)
Van
Kampen Trust for Investment Grade Municipals
An Important Notice Concerning Our
U.S. Privacy Policy
continued
If you wish to
opt-out of sharing and to limit marketing offers, you may do so
by:
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Calling us at
(800) 847-2424
Monday-Friday between 8 a.m. and 8 p.m. (ET)
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Writing to us at the
following address:
Van Kampen Privacy Department
Harborside Financial Center, Plaza Two, 3rd Floor
Jersey City, NJ 07311
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If you choose to
write to us, your written request should include your name,
address, telephone number and account number(s) to which the
opt-out applies and should not be sent with any other
correspondence. In order to process your request, we require
that the request be provided by you directly and not through a
third party.
If you have
previously notified us about your privacy preferences, it is not
necessary to do so again unless you decide to change your
preferences. Your opt-out preference will remain in effect with
respect to this Policy (as it may be amended) until you notify
us otherwise in writing. If you have a joint account, your
direction for us not to share this information with other
affiliated companies and for those affiliated companies not to
use your personal information for marketing will be applied to
all account holders on that account.
Please understand
that if you opt-out, you and any joint account holders may not
receive information about affiliated company products and
services that could help you manage your financial resources and
achieve your investment objectives.
If you hold more
than one account with Van Kampen, you may receive multiple
privacy policies from us, and would need to follow the
directions stated in each particular policy for each account you
have with us.
SPECIAL NOTICE TO
RESIDENTS OF
VERMONT
This section
supplements our Policy with respect to our individual clients
who have a Vermont address and supersedes anything to the
contrary in the above Policy with respect to those clients
only.
The State of Vermont
requires financial institutions to obtain your consent prior to
sharing personal information that they collect about you with
affiliated companies and nonaffiliated third parties other than
in certain limited circumstances. Except as permitted by law, we
will not share personal information we collect about you with
nonaffiliated third parties or other affiliated companies unless
you provide us with your written consent to share such
information (opt-in).
(continued
on back)
Van
Kampen Trust for Investment Grade Municipals
An Important Notice Concerning Our
U.S. Privacy Policy
continued
If you wish to
receive offers for investment products and services offered by
or through other affiliated companies, please notify us in
writing at the following address:
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Van Kampen
Privacy Department
Harborside Financial Center, Plaza Two, 3rd Floor
Jersey City, NJ 07311
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Your authorization
should include your name, address, telephone number and account
number(s) to which the opt-in applies and should not be sent
with any other correspondence. In order to process your
authorization, we require that the authorization be provided by
you directly and not through a third-party.
522
Fifth Avenue
New
York, New York 10036
www.vankampen.com
Copyright
©
2009
Van Kampen Funds Inc.
All
rights reserved. Member FINRA/SIPC
VGMSAN
6/09
IU09-02571P-Y04/09
Item 2. Code of Ethics.
Not applicable for semi-annual reports.
Item 3. Audit Committee Financial Expert.
Not applicable for semi-annual reports.
Item 4. Principal Accountant Fees and Services.
Not applicable for semi-annual reports.
Item 5. Audit Committee of Listed Registrants.
Not applicable for semi-annual reports.
Item 6. Schedule of Investments.
(a) Please refer to Item #1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies.
Not applicable for semi-annual reports.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable for semi-annual reports.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated
Purchasers.
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Total Number of
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Shares Purchased
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Maximum Number
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as
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of Shares that may
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Part of Publicly
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yet be Purchased
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Total Number of
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Average Price
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Announced Plans
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Under the Plans or
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Period
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Shares Purchased
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Paid per Share
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or Programs
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Programs
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November
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9,800
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9.47
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9,800
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767,781
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December
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767,781
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January
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767,781
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February
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767,781
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March
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767,781
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April
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767,781
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The Trust expects to continue to repurchase its outstanding shares at such time and in such amounts
as it believes will further the accomplishment of the foregoing objectives, subject to review by
the Board of Trustees.