UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-08743
Van Kampen Senior Income Trust
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(Exact name of registrant as specified in charter)
1221 Avenue of the Americas, New York, New York 10020
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(Address of principal executive offices) (Zip code)
Ronald Robison
1221 Avenue of the Americas, New York, New York 10020
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(Name and address of agent for service)
Registrant's telephone number, including area code: 212-762-4000
Date of fiscal year end: 7/31
Date of reporting period: 4/30/05
Item 1. Schedule of Investments.
The Trust's schedule of investments as of the close of the reporting period
prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
Senior Income Trust
Portfolio of Investments
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
-------- ------------------------------------------------------ --------- --- ------- ---------- ------------
VARIABLE RATE** SENIOR LOAN INTERESTS 177.6%
AEROSPACE/DEFENSE 7.4%
$11,782 Alion Science and Technology Corp.,
Term Loan............................................. B1 B+ 5.25 to 08/02/09 $ 11,870,256
5.64%
4,388 AM General, LLC,
Term Loan............................................. NR NR 7.51 to 11/01/11 4,573,969
9.25
2,963 Anteon International Corp.,
Term Loan............................................. Ba3 BB 4.81 12/31/10 3,002,424
5,885 Apptis, Inc.,
Term Loan............................................. B2 B+ 6.22 to 01/05/10 5,973,529
8.00
4,950 ARINC, Inc.,
Term Loan............................................. Ba3 BB 4.78 03/10/11 5,030,438
6,930 CACI International, Inc.,
Term Loan............................................. Ba2 BB 4.96 05/03/11 7,038,281
5,423 Ceradyne, Inc.,
Term Loan............................................. Ba3 BB- 4.88 to 08/18/11 5,510,870
5.00
4,687 DRS Technologies, Inc.,
Term Loan............................................. Ba3 BB- 4.64 to 11/04/10 4,750,820
5.17
11,700 DynCorp, International, LLC,
Term Loan............................................. B2 B+ 6.06 02/11/11 11,802,375
3,686 ILC Industries, Inc.,
Term Loan............................................. NR NR 5.81 08/05/10 3,727,947
10,331 K&F Industries, Inc.,
Term Loan............................................. B2 B+ 5.52 to 11/16/12 10,517,429
5.67
5,300 SI International, Inc.,
Term Loan............................................. B1 B+ 5.78 02/09/11 5,396,062
15,476 The Titan Corp.,
Term Loan............................................. Ba3 BB- 5.54 to 06/30/09 15,661,772
7.00
2,768 The Titan Corp.,
Revolving Credit Agreement (b)........................ Ba3 BB- 5.82 to 05/23/08 2,760,663
7.25
6,926 Transdigm, Inc.,
Term Loan............................................. B1 B+ 5.30 07/22/10 7,036,679
5,374 United Defense Industries, Inc.,
Term Loan (b)......................................... Ba2 BB+ 5.07 08/13/09 5,385,389
5,775 Wyle Laboratories, Inc.,
Term Loan............................................. NR B+ 5.50 01/28/11 5,876,062
------------
115,914,965
------------
AUTOMOTIVE 5.7%
9,701 Accuride Corp.,
Term Loan (b)......................................... B2 B+ 5.25 to 01/31/12 9,708,990
5.50
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- ----------
AUTOMOTIVE (CONTINUED)
3,591 Affinia Group, Inc.,
Term Loan............................................ B2 BB- 5.44 11/30/11 3,638,581
14,021 Federal-Mogul Corp.,
Term Loan (c)........................................ NR NR 6.81 12/09/05 14,055,961
15,384 Federal-Mogul Corp.,
Revolving Credit Agreement (c)....................... NR NR 6.81 12/09/05 15,421,970
2,469 Heartland Automotive Holdings, Inc.,
Term Loan............................................ NR NR 6.11 to 01/31/10 to 2,468,805
9.86 01/31/12
8,576 MetoKote Corp.,
Term Loan............................................ B1 B+ 8.00 08/13/10 8,747,716
6,452 Polypore, Inc.,
Term Loan............................................ B1 B 5.35 11/12/11 6,532,144
11,661 Safelite Glass Corp.,
Term Loan............................................ NR NR 8.10 to 09/30/07 10,582,219
8.60
3,818 Tenneco Automotive, Inc.,
Term Loan............................................ B1 B+ 5.12 12/12/10 3,897,132
11,870 TRW Automotive, Inc.,
Term Loan (b)........................................ Ba2 BB+ 3.88 to 10/29/10 to 11,919,742
4.38 06/30/12
1,933 United Components, Inc.,
Term Loan............................................ B1 BB- 5.29 06/30/10 1,959,917
----------
88,933,177
----------
BEVERAGE, FOOD & TOBACCO 11.4%
8,955 Acosta Sales Co., Inc.,
Term Loan............................................ NR NR 5.41 to 08/10/10 9,078,131
5.78
13,157 Birds Eye Foods, Inc.,
Term Loan............................................ B1 B+ 5.81 06/30/08 13,381,816
4,205 Commonwealth Brands, Inc.,
Term Loan............................................ NR NR 6.38 08/28/07 4,270,519
19,433 Constellation Brands, Inc.,
Term Loan............................................ Ba2 BB 4.56 to 11/30/11 19,625,309
5.19
500 Culligan International Co.,
Term Loan............................................ B1 B+ 5.41 09/30/11 507,396
5,970 Doane Pet Care Co.,
Term Loan............................................ B2 B+ 6.37 to 11/05/09 6,085,669
7.38
7,373 Dole Food Co., Inc.,
Term Loan............................................ Ba3 BB 4.50 to 04/18/12 7,437,759
6.25
6,900 Dole Holding Co.,
Term Loan............................................ B3 B 8.00 07/21/10 7,167,375
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- -----------
BEVERAGE, FOOD & TOBACCO (CONTINUED)
19,919 DS Waters Enterprises, LP,
Term Loan............................................ B3 B- 7.27 to 11/07/09 19,147,119
7.59
6,822 Luigino's, Inc.,
Term Loan............................................ B1 B+ 5.94 to 04/02/11 6,889,858
6.13
6,389 Michael Foods, Inc.,
Term Loan............................................ B1 B+ 4.84 to 11/21/10 6,485,100
5.10
5,250 National Dairy Holdings, LP,
Term Loan............................................ B1 NR 4.97 03/15/12 5,318,906
1,990 OSI Foods GMBH & Co. KG,
Term Loan............................................ NR NR 5.34 09/02/11 2,017,362
4,478 OSI Group, LLC,
Term Loan............................................ NR NR 5.34 09/02/11 4,539,066
2,488 OSI-Holland Finance B.V.,
Term Loan............................................ NR NR 5.34 09/02/11 2,521,703
8,736 Pierre Foods, Inc.,
Term Loan............................................ B1 B+ 5.44 to 06/30/10 8,837,923
5.69
32,638 Pinnacle Foods, Inc.,
Term Loan............................................ B1 B+ 6.04 to 11/25/10 33,041,069
6.37
7,409 Southern Wine & Spirits of America, Inc.,
Term Loan............................................ NR NR 5.35 07/02/08 7,520,272
4,887 Sunny Delight Beverage Co.,
Term Loan (b)........................................ B1 B+ 6.79 to 08/20/10 4,825,732
10.04
5,062 Swift & Co.,
Term Loan............................................ Ba2 BB 5.39 to 09/19/08 5,157,079
5.59
4,000 Volume Services America, Inc.,
Term Loan............................................ B2 NR 6.43 to 10/01/10 4,040,000
7.00
98 Volume Services America, Inc.,
Revolving Credit Agreement........................... B2 NR 7.25 04/01/10 97,308
-----------
177,992,471
-----------
BROADCASTING - CABLE 11.0%
2,228 Cebridge Connections, Inc.,
Term Loan............................................ NR NR 5.87 to 02/23/09 2,241,422
6.40
3,300 Century Cable Holdings, LLC,
Term Loan (c)........................................ NR NR 7.75 06/30/09 3,272,303
61,564 Charter Communications Operating, LLC,
Term Loan (b)........................................ B2 B 6.19 to 04/27/10 to 60,922,645
6.44 04/27/11
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- -----------
BROADCASTING - CABLE (CONTINUED)
9,593 Frontiervision Operating Partners, LP,
Term Loan (c)........................................ NR NR 7.15 to 09/30/05 to 9,654,865
7.28 03/31/06
2,354 Frontiervision Operating Partners, LP,
Revolving Credit Agreement (c)....................... NR NR 7.15 10/31/05 2,367,839
10,873 Hilton Head Communications, LP,
Term Loan (c)........................................ NR NR 7.00 03/31/08 10,738,695
9,860 Hilton Head Communications, LP,
Revolving Credit Agreement (c)....................... NR NR 5.75 09/30/07 9,675,125
18,269 Insight Midwest Holdings, LLC,
Term Loan............................................ Ba3 BB 5.75 12/31/09 18,563,717
5,012 MCC Iowa, LLC,
Term Loan (b)........................................ Ba3 BB+ 5.25 to 09/30/10 5,028,961
5.59
34,245 Olympus Cable Holdings, LLC,
Term Loan (c)........................................ NR NR 7.00 to 06/30/10 to 33,946,347
7.75 09/30/10
10,871 Parnassos, LP,
Term Loan (c)........................................ NR NR 5.75 06/30/07 10,866,764
4,753 Parnassos, LP,
Revolving Credit Agreement (c)....................... NR NR 5.75 06/30/07 4,745,703
-----------
172,024,386
-----------
BROADCASTING - DIVERSIFIED 1.2%
7,800 DIRECTV Holdings, LLC,
Term Loan (b)........................................ Ba1 BB 4.45 04/13/13 7,832,175
6,975 Emmis Operating Co.,
Term Loan............................................ Ba2 B+ 4.66 11/10/11 7,072,845
3,900 Entravision Communications Corp.,
Term Loan............................................ B1 B+ 4.75 to 02/24/12 3,966,249
4.84
-----------
18,871,269
-----------
BROADCASTING - RADIO 0.8%
9,011 Spanish Broadcasting Systems, Inc.,
Term Loan............................................ B1 B+ 6.32 10/30/09 9,157,365
3,500 Susquehanna Media Co.,
Term Loan............................................ Ba2 BB- 5.07 to 03/31/12 3,532,812
5.25
-----------
12,690,177
-----------
BROADCASTING - TELEVISION 0.8%
7,481 Gray Television Inc.,
Term Loan............................................ Ba2 B+ 4.61 to 06/30/11 7,580,998
6.75
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- ----------
BROADCASTING - TELEVISION (CONTINUED)
5,369 NEP Supershooters, LP,
Term Loan............................................ B1 B 7.12 to 02/03/11 5,465,816
8.50
----------
13,046,814
----------
BUILDINGS & REAL ESTATE 6.3%
4,200 AIMCO Properties, LP,
Term Loan............................................ NR NR 4.75 11/02/09 4,273,500
7,731 CB Richard Ellis Services, Inc.,
Term Loan............................................ Ba3 B+ 4.69 to 03/31/10 7,793,330
6.75
2,323 Central Parking Corp.,
Term Loan............................................ Ba3 BB- 5.09 03/31/10 2,361,653
3,137 Corrections Corp. of America,
Term Loan (b)........................................ Ba3 BB 4.89 to 03/31/08 3,152,751
4.92
140 Corrections Corp. of America,
Revolving Credit Agreement (b)....................... Ba3 BB 6.65 03/31/06 139,300
3,855 Crescent Real Estate Equities Co.,
Term Loan............................................ NR NR 5.11 01/12/06 3,887,876
44,873 General Growth, LLC,
Term Loan (b)........................................ Ba2 BB+ 5.10 to 11/12/07 to 45,214,136
5.11 11/12/08
1,651 GEO Group, Inc.,
Term Loan............................................ Ba3 BB- 5.50 to 07/09/09 1,675,466
5.69
6,000 Landsource Communities Development, LLC,
Term Loan............................................ NR NR 5.50 03/31/10 6,082,500
14,500 Macerich Partnership, LP,
Term Loan (b)........................................ NR NR 6.25 to 04/25/06 to 14,508,750
6.35 04/25/10
4,500 South Edge, LLC,
Term Loan (b)........................................ NR NR 4.44 to 10/31/07 to 4,542,812
4.69 10/31/09
5,000 WFP Tower Co., LP,
Term Loan (b)........................................ NR NR 5.10 03/31/06 5,004,690
----------
98,636,764
----------
BUSINESS EQUIPMENT 0.9%
4,862 Katun Corp.,
Term Loan............................................ NR B+ 7.34 06/30/09 4,874,656
9,257 Verifone, Inc.,
Term Loan............................................ B1 B+ 5.69 to 06/30/11 to 9,417,001
9.19 12/31/11
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- -----------
BUSINESS EQUIPMENT (CONTINUED)
-----------
14,291,657
-----------
CHEMICALS, PLASTICS & RUBBER 12.5%
1,795 Becker-Underwood, Inc.,
Term Loan............................................ NR NR 7.00 to 09/30/11 to 1,794,600
9.75 03/31/12
6,500 Brenntag AG, (Germany),
Term Loan............................................ B1 BB- 5.88 02/27/12 6,594,523
18,644 Celenese AG, (Germany),
Term Loan............................................ B1 B+ 5.63 04/06/11 18,939,028
4,462 Hercules, Inc.,
Term Loan............................................ Ba1 BB 4.84 to 10/08/10 4,526,591
4.87
40,200 Huntsman, LLC,
Term Loan (b)........................................ B1 BB- 6.05 03/31/10 40,863,300
20,301 Huntsman ICI Chemicals, LLC,
Term Loan............................................ Ba3 BB- 5.50 12/31/10 20,661,378
10,964 ISP Chemco, Inc.,
Term Loan............................................ Ba2 BB+ 4.88 to 03/27/11 11,108,156
5.13
18,457 KOSA B.V., (Netherlands),
Term Loan (b)........................................ Ba3 BB 4.84 to 04/30/10 to 18,809,368
5.38 04/29/11
5,845 Kraton Polymers, LLC,
Term Loan............................................ B1 B+ 5.56 to 12/23/10 5,947,146
6.13
3,000 Mosaic Co.,
Term Loan............................................ Ba2 BB+ 4.38 to 02/21/12 3,031,875
4.69
25,913 Nalco Co.,
Term Loan (b)........................................ B1 BB- 4.92 to 11/04/09 to 26,326,018
7.25 11/04/10
10,300 PQ Corp.,
Term Loan............................................ B1 B+ 5.13 02/11/12 10,428,750
23,800 Rockwood Specialties Group, Inc.,
Term Loan (b)........................................ B1 B+ 5.43 07/30/12 24,104,949
1,950 Unifrax Corp.,
Term Loan............................................ B1 B+ 5.38 03/29/12 1,981,669
-----------
195,117,351
-----------
CONSTRUCTION MATERIAL 2.5%
10,200 Builders FirstSource, Inc.,
Term Loan............................................ B1 B+ 5.41 08/11/11 10,340,250
1,965 Building Materials Holding Corp.,
Term Loan............................................ Ba2 BB- 5.35 08/21/10 1,984,650
6,717 Compression Polymers Corp.,
Term Loan............................................ B1 B 6.14 03/12/10 6,794,606
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- ----------
CONSTRUCTION MATERIAL (CONTINUED)
4,190 Contech Construction Products, Inc,
Term Loan............................................ Ba3 BB- 5.54 to 12/07/10 4,262,816
7.25
3,741 Interline Brands, Inc.,
Term Loan............................................ B1 BB- 5.34 12/31/10 3,787,383
674 Itron, Inc.,
Term Loan............................................ Ba3 BB- 4.75 07/01/11 678,072
2,594 Juno Lighting, Inc.,
Term Loan............................................ B1 B+ 5.37 to 11/21/10 2,639,488
7.25
1,684 National Waterworks, Inc.,
Term Loan............................................ B1 B+ 5.60 11/22/09 1,710,331
2,340 Professional Paint, Inc.,
Term Loan............................................ NR NR 6.06 to 09/30/11 2,372,175
6.38
978 Sensus Metering Systems, Inc.,
Term Loan............................................ B2 B+ 5.35 to 12/17/10 987,319
5.58
2,997 Werner Holding Co., Inc.,
Term Loan............................................ B3 B- 6.34 to 06/11/09 2,935,905
6.45
----------
38,492,995
----------
CONTAINERS, PACKAGING & GLASS 7.7%
3,125 BWAY Corp.,
Term Loan............................................ B1 B+ 5.25 06/30/11 3,172,975
1,787 Consolidated Container Co., LLC,
Term Loan............................................ B2 B- 6.69 12/15/08 1,809,948
24,293 Dr. Pepper/Seven Up Bottling Group, Inc.,
Term Loan............................................ B1 NR 5.08 to 12/19/10 24,724,290
5.34
7,182 Graham Packaging Co.,
Term Loan............................................ B2 B 5.50 to 10/07/11 7,285,880
5.69
16,161 Graphic Packaging International Corp.,
Term Loan............................................ B1 B+ 5.29 to 06/30/10 16,409,040
5.91
1,495 Graphic Packaging International Corp.,
Revolving Credit Agreement........................... B1 B+ 5.68 to 08/08/09 1,457,376
6.07
4,276 Impress Metal Packaging Holding B.V., (Netherlands),
Term Loan............................................ NR B+ 6.03 12/31/06 4,297,283
4,268 Kranson Industries, Inc.,
Term Loan............................................ NR NR 5.85 07/30/11 4,331,766
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- -----------
CONTAINERS, PACKAGING & GLASS (CONTINUED)
14,291 Owens-Illinois, Inc.,
Term Loan............................................ B1 BB- 5.53 to 04/01/07 to 14,572,529
5.85 04/01/08
8,239 Packaging Dynamics,
Term Loan............................................ NR NR 5.10 to 09/29/08 to 8,278,834
5.35 09/29/09
6,811 Ranpak Corp.,
Term Loan............................................ NR NR 6.26 to 03/15/10 to 6,821,295
9.45 03/17/11
10,151 Smurfit-Stone Container Corp.,
Term Loan (b)........................................ Ba3 BB- 4.69 to 11/01/11 10,323,246
4.94
3,841 Smurfit-Stone Container Corp.,
Revolving Credit Agreement........................... Ba3 BB- 5.19 to 11/01/09 3,788,679
7,425 Solo Cup, Inc., 7.00
Term Loan............................................ B1 B+ 5.00 to 02/27/11 7,523,381
5,940 U.S. Can Corp., 5.09
Term Loan (b)........................................ B3 B 6.87 to 01/10/10 5,969,700
6.94
-----------
120,766,222
-----------
DIVERSIFIED MANUFACTURING 1.0%
2,597 Chart Industries, Inc,
Term Loan............................................ NR NR 6.63 09/15/09 2,603,096
12,267 Mueller Group, Inc.,
Term Loan............................................ B2 B+ 5.64 to 04/23/11 12,412,758
5.94
-----------
15,015,854
-----------
ECOLOGICAL 4.5%
35,262 Allied Waste North America, Inc.,
Term Loan (b)........................................ B1 BB 5.00 to 01/15/12 35,384,431
1,470 Casella Waste Systems, Inc., 5.37
Term Loan............................................ B1 BB- 5.69 to 05/11/07 1,486,998
5.75
6,451 Duratek, Inc.,
Term Loan............................................ B1 BB- 6.00 to 12/16/09 6,467,187
7,000 Envirocare of Utah, LLC, 6.55
Term Loan (b)........................................ NR NR 6.11 to 04/13/10 6,967,187
8.86
2,728 Environmental Systems Products Holdings,
Term Loan............................................ Caa1 NR 6.39 to 12/12/08 to 2,799,826
13.19 12/12/10
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ----------------------------------------------------- --------- --- ------- ----------- ----------
ECOLOGICAL (CONTINUED)
6,813 Great Lakes Dredge & Dock Corp.,
Term Loan............................................ B3 B- 6.28 to 12/22/10 6,897,761
6.60
1,500 Safety-Kleen Corp.,
Term Loan (b)........................................ NR NR 9.93 09/15/08 1,500,000
3,564 Waste Services, Inc.,
Term Loan............................................ Caa1 B- 7.04 to 03/31/11 3,597,412
7.87
700 Waste Services, Inc.,
Revolving Credit Agreement........................... Caa1 B- 7.32 to 04/29/09 686,000
7.63
3,930 Wastequip, Inc.,
Term Loan............................................ NR NR 6.50 12/31/10 3,939,414
----------
69,726,216
----------
EDUCATION & CHILD CARE 0.2%
2,929 Educate Operating Co., LLC,
Term Loan............................................ B1 B+ 5.14 03/31/12 2,965,525
----------
ELECTRONICS 6.6%
7,500 AMI Semiconductor, Inc.,
Term Loan............................................ Ba3 BB- 4.36 04/01/12 7,551,562
7,000 Amkor Technology, Inc.,
Term Loan............................................ B1 B+ 7.37 10/27/10 7,236,250
8,872 Audio Visual Services Corp.,
Term Loan............................................ NR NR 6.94 03/04/06 9,359,848
4,178 Automata, Inc.,
Term Loan (a)(c)(i).................................. NR NR 7.88 02/28/03 to 0
02/28/04
2,394 Fairchild Semiconductor Corp.,
Term Loan............................................ Ba3 BB- 4.69 12/31/10 2,432,902
10,929 Knowles Electronics, Inc.,
Term Loan............................................ B3 NR 8.40 06/29/07 11,024,158
540 Knowles Electronics, Inc.,
Revolving Credit Agreement........................... B3 NR 6.75 06/30/06 531,900
4,620 Memec Group Ltd., (England),
Term Loan............................................ B2 B 5.53 to 04/30/09 to 4,704,375
11.06 06/15/10
22,145 ON Semiconductor Corp.,
Term Loan............................................ B3 B 6.13 12/15/11 22,448,987
11,700 Seagate Technologies, Inc.,
Term Loan............................................ Ba1 BB+ 5.06 05/13/07 11,926,688
9,000 Spectrum Brands, Inc.,
Term Loan............................................ B1 B+ 4.77 to 02/06/12 9,165,942
5.13
10,613 UGS Corp.,
Term Loan............................................ B1 B+ 4.87 03/31/12 10,825,515
5,387 Viasystems, Inc.,
Term Loan............................................ B2 NR 7.38 to 09/30/09 5,442,611
7.64
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
ELECTRONICS (CONTINUED)
-----------
102,650,738
-----------
ENTERTAINMENT & LEISURE 11.7%
3,000 Alliance Atlantis Communications, Inc.,
Term Loan ........................................... Ba2 BB 4.76 to 12/20/11 3,017,814
4.78
4,075 Detroit Red Wings, Inc.,
Term Loan ........................................... NR NR 5.84 08/30/06 4,092,780
6,500 Fender Musical Instruments Corp.,
Term Loan (b) ....................................... B1 B- 7.00 to 03/30/12 to 6,505,000
9.25 09/30/12
4,398 Festival Fun Parks, LLC,
Term Loan ........................................... NR NR 7.81 to 06/30/07 to 4,379,439
8.31 12/31/07
59,692 Metro-Goldwyn-Mayer Studios, Inc.,
Term Loan (b) ....................................... NR NR 5.38 04/08/11 to 59,803,450
04/08/12
442 Metro-Goldwyn-Mayer Studios, Inc.,
Revolving Credit Agreement (b) ...................... NR NR 5.45 to 04/08/10 440,096
5.54
10,158 Mets II, LLC,
Term Loan ........................................... NR NR 6.27 12/31/06 10,323,406
4,200 New Jersey Basketball, LLC,
Term Loan ........................................... NR NR 6.56 08/16/08 4,200,000
1,651 Panavision, Inc.,
Term Loan ........................................... B3 CCC+ 9.40 to 01/12/07 1,688,954
9.64
7,702 Pure Fishing, Inc.,
Term Loan ........................................... B2 BB- 5.85 to 09/30/10 to 7,780,842
8.50 03/31/11
28,895 Regal Cinemas, Inc.,
Term Loan ........................................... Ba3 BB- 4.84 11/10/10 29,354,648
8,720 Six Flags Theme Parks, Inc.,
Term Loan (b) ....................................... B1 B- 5.38 06/30/09 8,762,827
762 Six Flags Theme Parks, Inc.,
Revolving Credit Agreement .......................... B1 B- 5.36 to 06/30/08 749,418
5.52
5,816 Tigers Ballpark, LLC,
Term Loan ........................................... NR NR 5.63 12/01/06 5,826,639
10,259 True Temper, Inc.,
Term Loan ........................................... B2 B 5.66 to 03/15/11 10,309,987
7.75
5,985 Universal City Development Partners, LP,
Term Loan ........................................... Ba3 BB- 4.82 to 06/09/11 6,078,516
5.10
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
ENTERTAINMENT & LEISURE (CONTINUED)
12,375 Warner Music Group,
Term Loan ........................................... B1 B+ 5.32 02/28/11 12,491,016
4,382 Worldwide Sports & Recreation, Inc.,
Term Loan ........................................... NR NR 7.34 12/31/06 4,393,348
2,263 Yankees Holdings, LP,
Term Loan ........................................... NR NR 5.25 to 06/25/07 2,299,629
5.41
-----------
182,497,809
-----------
FARMING & AGRICULTURE 0.1%
1,954 Central Garden & Pet Co.,
Term Loan ........................................... Ba2 BB+ 4.66 to 05/15/09 1,975,706
4.81
-----------
FINANCE 3.5%
3,936 DCS Business Services, Inc.,
Term Loan ........................................... NR NR 6.77 to 02/04/11 to 3,945,673
8.99 08/03/11
20,813 Fidelity National Information Solutions, Inc.,
Term Loan (b) ....................................... Ba3 BB 4.66 03/09/13 20,760,469
5,006 Outsourcing Solutions,
Term Loan ........................................... NR NR 7.89 12/09/08 5,039,924
6,994 Rent-A-Center, Inc.,
Term Loan ........................................... Ba2 BB+ 4.46 06/30/10 7,103,411
8,114 Risk Management Assurance Co.,
Term Loan ........................................... NR NR 7.07 12/21/06 7,708,469
10,755 Transfirst Holdings, Inc.,
Term Loan (b) ....................................... NR NR 7.13 to 03/31/10 to 10,807,941
10.63 03/31/11
-----------
55,365,887
-----------
HEALTHCARE 8.3%
7,410 Ameripath, Inc.,
Term Loan ........................................... B2 B+ 6.31 03/27/10 7,474,577
6,274 AMN Healthcare Services, Inc.,
Term Loan ........................................... Ba2 BB- 6.10 10/02/08 6,348,010
9,358 Ardent Health Services,
Term Loan (b) ....................................... B1 B+ 5.34 08/12/11 9,375,546
41,415 Community Health Systems, Inc.,
Term Loan (b) ....................................... Ba3 BB- 4.64 08/19/11 41,928,456
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
HEALTHCARE (CONTINUED)
6,927 Concentra Operating Corp.,
Term Loan ........................................... B1 B+ 5.10 to 06/30/10 7,033,858
5.37
11,019 FHC Health Systems, Inc.,
Term Loan ........................................... B2 B 8.91 to 12/18/09 to 11,208,575
11.91 02/09/11
2,000 Healthtronics, Inc.,
Term Loan ........................................... Ba3 BB- 4.81 03/23/11 1,997,500
6,000 LifePoint Hospitals, Inc.,
Term Loan ........................................... Ba3 BB 4.58 04/15/12 6,018,750
4,171 Medcath Holdings Corp.,
Term Loan ........................................... B2 B+ 5.55 to 06/30/11 4,231,458
7.00
2,819 Multiplan, Inc.,
Term Loan ........................................... Ba3 B+ 5.85 03/04/09 2,837,066
3,828 PacifiCare Health Systems, Inc.,
Term Loan ........................................... Ba2 BBB- 4.25 to 12/13/10 3,861,495
4.94
16,500 Select Medical Corp.,
Term Loan (b) ....................................... B1 BB- 4.63 02/24/12 16,477,312
1,900 Select Medical Corp.,
Revolving Credit Agreement (b) ...................... B1 BB- 5.38 to 02/24/11 1,881,000
5.56
2,978 Sterigenics International, Inc.,
Term Loan ........................................... B2 B+ 6.01 06/14/11 3,014,719
4,892 Triad Hospitals, Inc.,
Term Loan ........................................... Ba2 BB 5.32 09/30/08 4,976,767
300 Triad Hospitals, Inc.,
Revolving Credit Agreement (b) ...................... Ba2 BB 4.95 03/31/07 298,500
-----------
128,963,589
-----------
HEALTHCARE & BEAUTY 2.5%
7,800 American Safety Razor Co.,
Term Loan ........................................... Caa1 CCC+ 5.64 to 02/28/12 to 7,933,500
9.38 08/28/12
3,914 CEI Holdings, Inc.,
Term Loan ........................................... NR NR 5.44 to 12/03/10 to 3,952,355
9.76 12/03/11
8,030 Del Laboratories, Inc.,
Term Loan............................................ B1 B 5.00 to 07/27/11 8,092,612
5.55
2,998 Marietta Intermediate Holding Corp.,
Term Loan ........................................... NR NR 6.14 to 12/17/10 to 3,048,166
10.14 12/17/11
3,500 MD Beauty, Inc.,
Term Loan ........................................... B2 B 6.28 to 02/18/12 3,543,750
6.37
13,139 Prestige Brands Holdings, Inc.,
Term Loan ........................................... B1 B+ 5.18 to 04/06/11 13,330,804
7.50
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
HEALTHCARE & BEAUTY (CONTINUED)
----------
39,901,187
----------
HOME & OFFICE FURNISHINGS, HOUSEWARES & DURABLE
CONSUMER PRODUCTS 2.1%
6,103 Formica Corp.,
Term Loan ........................................... NR NR 7.74 to 06/10/10 6,164,526
9.25
4,250 Hunter Fan Co.,
Term Loan ........................................... B1 B 5.69 to 03/24/12 4,244,688
7.00
1,380 Imperial Home Decor Group, Inc.,
Term Loan (a)(d)(i) ................................. NR NR 12.25 04/04/06 34,490
8,739 National Bedding Co.,
Term Loan ........................................... Ba3 BB- 4.88 to 12/31/10 8,858,850
5.38
13,839 Sealy Mattress Co.,
Term Loan (b) ....................................... B1 B+ 4.73 to 04/06/12 13,919,431
6.25
125 Sealy Mattress Co.,
Revolving Credit Agreement .......................... B1 B+ 7.00 04/06/10 122,500
----------
33,344,485
----------
HOTELS, MOTELS, INNS & GAMING 13.7%
7,521 Alliance Gaming Corp.,
Term Loan (b) ....................................... Ba3 BB- 5.65 09/04/09 7,510,086
3,164 Ameristar Casinos, Inc.,
Term Loan ........................................... Ba3 BB 5.06 12/20/06 3,217,012
4,963 Boyd Gaming Corp.,
Term Loan ........................................... Ba2 BB 4.53 to 06/30/11 5,029,186
5.13
18,071 CNL Hospitality Partners, LP,
Term Loan ........................................... NR NR 5.06 to 10/13/06 to 18,242,623
5.39 02/09/08
2,688 Global Cash Access, LLC,
Term Loan ........................................... B2 B+ 5.31 03/10/10 2,730,431
7,906 Greektown Casino, LLC,
Term Loan ........................................... NR NR 6.25 to 12/31/05 7,950,496
6.59
4,950 Green Valley Ranch Gaming, LLC,
Term Loan ........................................... B1 NR 5.10 12/24/10 5,027,439
4,200 Herbst Gaming, Inc.,
Term Loan ........................................... B1 B+ 5.34 to 01/31/11 4,273,500
5.63
5,858 Interstate Operating Co., LP,
Term Loan ........................................... B2 B 8.63 01/14/08 5,865,814
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
HOTELS, MOTELS, INNS & GAMING (CONTINUED)
2,386 Isle of Capri Casinos, Inc.,
Term Loan ........................................... Ba2 BB- 4.57 to 02/04/11 2,421,118
4.84
8,828 Kuilima Resort Co.,
Term Loan ........................................... NR NR 5.60 to 06/29/07 to 8,805,889
5.92 09/29/07
2,394 Marina District Finance Co.,
Term Loan ........................................... NR NR 4.84 to 10/20/11 2,424,923
5.13
7,339 MGM Mirage,
Term Loan ........................................... Ba2 BB 5.13 11/22/09 7,341,570
18,837 MGM Mirage,
Revolving Credit Agreement .......................... Ba2 BB 4.92 11/22/09 18,649,026
43,377 Planet Hollywood International, Inc.,
Term Loan (b) ....................................... B3 B- 6.10 09/01/10 43,567,070
104 Planet Hollywood International, Inc.,
Term Loan (b) (g) ................................... B3 B- 7.10 09/01/10 104,503
7,200 Ruffin Gaming, LLC,
Term Loan ........................................... NR NR 6.25 07/14/07 7,308,000
6,883 Scientific Games Corp.,
Term Loan ........................................... Ba2 BB 4.82 12/23/09 6,968,784
4,200 Seminole Tribe of Florida, Inc.,
Term Loan ........................................... NR BB 5.38 09/30/11 4,215,750
3,932 United Auburn Indian Community,
Term Loan ........................................... Ba3 BB+ 7.59 01/24/09 3,952,095
14,923 Venetian Casino Resorts, LLC,
Term Loan ........................................... B1 BB- 4.81 06/15/11 15,029,404
19,632 Wyndham International, Inc.,
Term Loan (b) ....................................... NR B 7.69 to 04/01/06 to 19,692,150
8.69 06/30/06
692 Wyndham International, Inc.,
Revolving Credit Agreement (b) ...................... NR B 8.88 04/01/06 690,645
13,250 Wynn Las Vegas, LLC,
Term Loan ........................................... B2 B+ 5.18 12/14/11 13,467,380
-----------
214,484,894
-----------
INSURANCE 3.8%
8,933 Alliant Resources Group, Inc.,
Term Loan ........................................... B2 B 6.59 to 08/31/11 8,988,328
8.00
4,950 Bristol West Holdings, Inc.,
Term Loan ........................................... Ba1 BB+ 5.09 02/18/11 4,974,750
2,867 CCC Information Services Group, Inc.,
Term Loan ........................................... B1 B+ 5.81 08/20/10 2,902,524
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
INSURANCE (CONTINUED)
11,507 Conseco, Inc.,
Term Loan ........................................... B2 BB- 6.56 06/22/10 11,732,145
7,937 Hilb, Rogal & Hamilton Co.,
Term Loan (b) ....................................... Ba3 BB 4.88 to 12/15/09 to 8,041,549
5.38 12/15/11
1,625 Mitchell International, Inc.,
Term Loan ........................................... B1 B+ 6.09 08/15/11 1,653,862
3,990 Universal American Financial Corp.,
Term Loan ........................................... NR BBB- 5.37 03/31/09 4,019,925
11,144 USI Holdings Corp.,
Term Loan ........................................... B1 BB- 5.69 08/11/08 11,202,984
5,393 Vertafore, Inc.,
Term Loan ........................................... NR NR 5.62 to 12/22/10 to 5,477,147
8.87 12/22/11
----------
58,993,214
----------
MACHINERY 1.1%
4,158 Alliance Laundry Holdings, LLC,
Term Loan ........................................... B1 B 5.12 01/27/12 4,211,709
2,394 Douglas Dynamics, LLC,
Term Loan ........................................... B1 BB- 5.02 12/16/10 2,411,955
1,425 Flowserve Corp.,
Term Loan ........................................... Ba3 BB- 5.63 to 06/30/06 to 1,446,062
5.88 06/30/09
6,284 Goodman Global Holdings, Inc.,
Term Loan ........................................... B2 B+ 5.50 12/23/11 6,390,297
2,475 United Rentals (North America), Inc.,
Term Loan ........................................... Ba3 BB 5.31 02/14/11 2,512,125
----------
16,972,148
----------
MEDICAL PRODUCTS & SERVICES 3.5%
2,322 Advanced Medical Optics, Inc.,
Term Loan ........................................... B1 BB- 4.84 to 06/25/09 2,357,527
4.97
5,387 American Medical Instruments Holdings, Inc.,
Term Loan ........................................... B2 B+ 5.94 to 12/09/10 5,447,098
6.05
6,814 Center for Diagnostic Imaging, Inc.,
Term Loan ........................................... B2 B+ 6.60 12/31/10 6,779,681
1,875 Colgate Medical, Ltd., (England),
Term Loan ........................................... Ba2 BB- 5.09 to 12/30/08 1,898,438
5.10
5,617 CONMED Corp.,
Term Loan ........................................... Ba3 BB- 5.01 to 12/15/09 5,687,755
5.10
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
----- -------- ------- --- ------ ---------- -----
MEDICAL PRODUCTS & SERVICES (CONTINUED)
7,918 Fisher Scientific International, Inc.,
Term Loan ........................................... Ba2 BBB 4.59 08/02/11 7,996,675
12,348 Insight Health,
Term Loan (b) ....................................... B1 B 6.84 to 10/17/08 12,414,381
7.09
4,358 Kinetics Concepts, Inc.,
Term Loan ........................................... Ba3 BB 4.85 08/11/10 4,427,454
568 Rotech Healthcare, Inc.,
Term Loan ........................................... Ba2 BB 6.10 03/31/08 574,489
3,600 The Cooper Cos., Inc.,
Term Loan ........................................... Ba3 BB 4.56 01/06/12 3,647,250
3,204 VWR International, Inc.,
Term Loan ........................................... B2 B+ 5.65 04/07/11 3,257,729
----------
54,488,477
----------
MINING, STEEL, IRON & NON-PRECIOUS METALS 1.8%
5,280 CII Carbon, LLC,
Term Loan ........................................... NR NR 5.24 06/25/08 5,226,993
5,627 New Enterprise Stone & Lime Co., Inc.,
Term Loan ........................................... NR NR 6.14 07/30/10 5,687,180
14,019 Novelis, Inc.,
Term Loan ........................................... Ba2 BB- 4.50 01/06/12 14,243,861
2,375 Techs Industries, Inc.,
Term Loan ........................................... NR NR 5.35 01/14/10 2,386,875
----------
27,544,909
----------
NATURAL RESOURCES 2.8%
21,376 El Paso Corp.,
Term Loan (b) ....................................... B3 B- 5.88 11/23/09 21,555,729
2,949 Foundation PA Coal Co.,
Term Loan ........................................... Ba3 BB- 4.78 to 07/30/11 2,995,627
5.38
8,079 LYONDELL-CITGO Refining, LP,
Term Loan ........................................... NR NR 4.59 05/21/07 8,205,184
2,769 SemCrude, LP,
Term Loan ........................................... Ba2 NR 5.35 03/16/11 2,799,521
8,400 Universal Compression, Inc,
Term Loan ........................................... Ba2 BB 4.85 02/15/12 8,526,000
----------
44,082,061
----------
NON-DURABLE CONSUMER PRODUCTS 1.4%
4,963 Amscan Holdings, Inc.,
Term Loan ........................................... B1 B+ 5.62 to 04/30/12 4,993,516
5.89
4,409 Church & Dwight Co., Inc.,
Term Loan ........................................... Ba2 BB 4.81 05/30/11 4,473,758
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ------------------------------------------------ ------- ---- ------- ---------- ----------
NON-DURABLE CONSUMER PRODUCTS (CONTINUED)
6,564 General Binding Corp.,
Term Loan....................................... B2 B+ 7.01 to 01/15/08 6,575,875
7.64
5,934 JohnsonDiversey, Inc.,
Term Loan....................................... B1 BB- 4.64 to 11/03/09 6,002,392
5.00
----------
22,045,541
----------
PAPER & FOREST PRODUCTS 0.4%
2,925 Boise Cascade, LLC,
Term Loan....................................... Ba3 BB 4.74 10/29/11 2,956,649
3,750 White Birch Paper Co. (Canada)
Term Loan....................................... B2 B+ 8.00 04/06/12 3,818,749
----------
6,775,398
----------
PERSONAL & MISCELLANEOUS SERVICES 1.9%
1,426 Alderwoods Group, Inc.,
Term Loan....................................... B1 BB- 4.54 to 09/29/09 1,447,837
5.30
8,750 Coinmach Laundry Corp.,
Term Loan....................................... B2 B 5.88 to 07/25/09 8,870,106
7.50
2,466 Global Imaging Systems, Inc.,
Term Loan (b)................................... Ba3 BB- 4.42 to 05/10/10 2,477,812
4.60
2,000 InfoUSA, Inc.,
Term Loan....................................... Ba3 BB 5.50 03/25/09 2,010,000
5,857 Iron Mountain, Inc.,
Term Loan....................................... B2 BB- 4.69 to 04/02/11 5,935,304
4.75
7,145 Stewart Enterprises, Inc.,
Term Loan....................................... Ba3 BB+ 4.47 to 11/19/11 7,239,168
4.75
1,245 United Online, Inc.,
Term Loan....................................... B1 B+ 5.94 to 12/13/08 1,262,119
6.13
----------
29,242,346
----------
PHARMACEUTICALS 1.7%
13,096 MedPointe, Inc.,
Term Loan....................................... B2 B 6.52 to 09/30/07 to 13,188,734
8.02 09/30/08
13,013 Warner Chilcott Holding Co.,
Term Loan....................................... B2 B 5.72 to 01/18/12 13,142,744
7.50
----------
26,331,478
----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ------------------------------------------------ ------- ---- ------- ---------- ----------
PRINTING & PUBLISHING 18.2%
12,013 Adams Outdoor Advertising, LP,
Term Loan....................................... B1 B+ 5.15 10/18/12 12,196,998
352 Advanstar Communications, Inc.,
Term Loan....................................... B2 B+ 7.57 10/11/07 354,633
27,139 Advertising Directory Solutions, Inc., (Canada),
Term Loan (b)................................... B1 BB- 5.07 to 11/09/11 to 27,504,122
6.82 05/09/12
10,160 American Media Operations, Inc.,
Term Loan....................................... Ba3 B+ 5.88 04/01/07 10,330,947
6,416 American Reprographics Co.,
Term Loan....................................... B1 BB 6.04 to 06/18/09 6,464,372
7.75
1,200 Ascend Media Holdings, LLC,
Term Loan....................................... NR NR 5.61 to 01/31/12 1,209,000
5.85
999 CanWest Media, Inc., (Canada),
Term Loan....................................... Ba2 B+ 5.04 08/15/09 1,011,559
9,950 Cygnus Business Media, Inc.,
Term Loan....................................... B3 B 7.51 07/13/09 9,925,125
5,268 Day International Group, Inc.,
Term Loan....................................... B1 B 6.57 to 09/16/09 5,317,437
6.60
7,694 Dex Media East, LLC,
Term Loan....................................... Ba2 BB- 4.52 to 11/08/08 to 7,807,878
5.05 05/08/09
28,973 Dex Media West, LLC,
Term Loan (b)................................... Ba2 BB- 4.62 to 09/09/09 to 29,415,638
5.30 03/09/10
3,500 Endurance Business Media, Inc.,
Term Loan....................................... B1 B 5.66 03/08/12 3,556,875
1,800 Enterprise NewsMedia, LLC,
Term Loan....................................... NR NR 6.10 06/30/12 1,831,500
9,620 F&W Publications, Inc.,
Term Loan....................................... NR NR 6.52 12/31/09 9,745,890
7,500 Freedom Communications,
Term Loan (b)................................... Ba2 BB 4.59 to 05/18/12 7,524,998
4.60
9,102 Haights Cross Communications, LLC,
Term Loan....................................... B3 B- 6.30 to 08/20/08 9,284,411
7.30
8,659 Herald Media, Inc.,
Term Loan....................................... NR NR 5.56 to 07/22/11 to 8,792,491
8.56 01/22/12
13,080 Journal Register Co.,
Term Loan....................................... Ba2 BB 4.60 to 08/12/12 13,198,544
4.69
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ------------------------------------------------ ------- ---- ------- ---------- -----------
PRINTING & PUBLISHING (CONTINUED)
6,916 Lamar Media Corp.,
Term Loan....................................... Ba2 BB- 4.56 to 06/30/10 7,007,851
4.69
8,700 Liberty Group Operating, Inc.,
Term Loan....................................... B2 B 5.63 02/28/12 8,832,310
2,960 MC Communications, LLC,
Term Loan....................................... NR NR 7.46 to 12/31/10 3,004,400
7.60
2,481 MediaNews Group, Inc.,
Term Loan....................................... NR NR 4.57 12/30/10 2,498,309
9,162 Merrill Communications, LLC,
Term Loan....................................... B1 B 5.56 to 07/30/09 9,282,067
7.50
8,928 Morris Publishing Group, LLC,
Term Loan....................................... Ba1 BB 4.88 03/31/11 9,047,594
6,584 Network Communications, Inc.,
Term Loan....................................... NR NR 5.62 to 06/30/11 6,665,794
6.14
7,598 Primedia, Inc.,
Term Loan....................................... B2 B 5.06 to 06/30/08 to 7,606,260
5.78 06/30/09
22,931 R.H. Donnelley, Inc.,
Term Loan....................................... Ba3 BB 4.50 to 12/31/09 to 23,239,942
5.10 06/30/11
4,729 Source Media, Inc.,
Term Loan....................................... B2 NR 5.34 to 11/08/11 to 4,802,164
8.46 08/30/12
17,239 Transwestern Publishing Co., LLC,
Term Loan (b)................................... B1 B+ 4.56 to 02/25/11 to 17,332,054
7.59 02/25/12
4,946 Vutek, Inc.,
Term Loan....................................... B1 NR 8.25 06/25/10 4,958,134
14,000 Xerox Corp.,
Term Loan....................................... NR BB- 4.82 09/30/08 14,187,502
-----------
283,936,799
-----------
RESTAURANTS & FOOD SERVICE 1.0%
2,100 Captain D's, LLC,
Term Loan....................................... NR NR 6.82 to 12/27/10 2,121,000
8.25
3,591 Carrols Corp.,
Term Loan....................................... B1 B+ 5.63 12/31/10 3,653,096
4,794 Denny's Corp.,
Term Loan....................................... B3 CCC 6.01 to 09/30/09 to 4,933,348
8.48 09/30/10
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
------ ------------------------------------------------ ------- ---- ------- ---------- -----------
RESTAURANTS & FOOD SERVICE (CONTINUED)
2,993 Landry's Restaurants, Inc.,
Term Loan....................................... Ba2 BB- 4.53 to 12/28/10 3,029,906
4.82
1,924 Ruth's Chris Steak House, Inc.,
Term Loan....................................... NR NR 6.00 to 03/11/11 1,957,476
6.13
-----------
15,694,826
-----------
RETAIL - OIL & GAS 1.6%
1,169 Barjan Products, LLC,
Term Loan....................................... NR NR 8.75 to 04/30/07 553,520
10.75
749 Barjan Products, LLC,
Revolving Credit Agreement...................... NR NR 8.25 04/30/07 749,105
7,103 Getty Petroleum Marketing, Inc.,
Term Loan....................................... B1 BB- 6.35 05/19/10 7,245,273
14,193 The Pantry, Inc.,
Term Loan....................................... B1 B+ 5.32 03/12/11 14,441,461
1,800 Travelcenters of America, Inc.,
Term Loan....................................... Ba3 BB 4.38 to 12/01/11 1,821,375
4.90
-----------
24,810,734
-----------
RETAIL - SPECIALTY 2.2%
1,938 Home Interiors & Gifts, Inc.,
Term Loan....................................... B3 B- 8.10 to 03/31/11 1,877,438
8.38
14,310 Nebraska Book Co., Inc.,
Term Loan....................................... B2 B 5.60 to 03/04/11 14,520,162
5.88
16,959 Visant Holding Corp.,
Term Loan....................................... B1 B+ 5.19 to 10/04/10 to 17,211,125
5.44 10/04/11
-----------
33,608,725
-----------
RETAIL - STORES 2.8%
3,694 Advance Stores Co., Inc.,
Term Loan....................................... Ba2 BB+ 4.69 to 09/30/10 3,748,442
4.88
5,921 CSK Auto, Inc.,
Term Loan....................................... Ba2 B+ 4.85 06/19/09 5,987,266
2,050 Murray's Discount Auto Stores, Inc.,
Term Loan....................................... NR NR 6.87 to 08/08/09 2,057,854
8.75
31,047 Rite Aid Corp.,
Term Loan....................................... B2 B+ 4.66 to 08/31/09 31,260,441
4.81
-----------
43,054,003
-----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
--------- ------------------------------------------------- ------- --- ------------ ----------- ----------
TELECOMMUNICATIONS - LOCAL EXCHANGE CARRIERS 1.6%
4,800 Fairpoint Communications, Inc.,
Term Loan............................... B1 BB- 5.13 to 02/08/12 4,861,200
5.44
1,661 Orius Corp., LLC,
Term Loan(g)............................ NR NR 7.53 to 01/23/09 to 537,134
8.06 01/23/10
1,127 Orius Corp., LLC,
Revolving Credit Agreement.............. NR NR 6.00 01/31/06 873,119
14,581 Qwest Corp.,
Term Loan............................... Ba3 BB- 7.39 06/30/07 15,022,945
2,940 Valor Telecommunications, LLC,
Term Loan............................... Ba3 BB- 5.02 to 02/14/12 2,976,750
5.10
7,500 WCI Capital Corp.,
Term Loan (a) (c) (i)................... NR NR 8.25 09/30/07 112,500
1,216 WCI Capital Corp.,
Revolving Credit Agreement (a) (c) (i).. NR NR 8.50 12/31/04 50,103
----------
24,433,751
----------
TELECOMMUNICATIONS - LONG DISTANCE 0.3%
4,772 WilTel Communications, LLC,
Term Loan (b)........................... B2 NR 6.56 10/01/09 4,723,871
----------
TELECOMMUNICATIONS-WIRELESS 3.0%
2,382 American Tower, LP,
Term Loan............................... Ba3 B 5.12 to 08/31/11 2,416,799
5.39
2,382 Cellular South, Inc.,
Term Loan............................... NR NR 4.77 to 05/04/11 2,422,196
6.50
12,870 Centennial Cellular, Inc.,
Term Loan............................... B2 B- 4.88 to 02/09/11 13,044,955
5.63
12,165 Nextel Partners, Inc.,
Term Loan............................... B1 NR 5.44 05/31/11 12,362,681
3,591 Spectrasite Communications, Inc.,
Term Loan............................... Ba3 BB- 4.52 05/19/12 3,626,537
11,910 Western Wireless Corp.,
Term Loan (b)........................... B2 B- 5.87 to 05/31/11 11,978,232
6.19
533 Western Wireless Corp.,
Revolving Credit Agreement (b).......... B2 B- 5.20 to 05/28/10 528,667
5.32
----------
46,380,067
----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
--------- --------------------------------------------------- --- ------------ ----------- ----------
TEXTILES & LEATHER 0.0%
1,995 Malden Mills Industries, Inc.,
Term Loan (a)........................... NR NR 7.50 10/01/08 201,440
----------
TRANSPORTATION - CARGO 0.8%
2,933 Jacobson Acquisition Co.,
Term Loan............................... NR NR 6.77 to 04/07/09 to 2,940,667
7.27 04/07/11
4,088 Pacer International, Inc.,
Term Loan............................... B1 BB- 5.00 to 06/10/10 4,175,111
5.69
2,989 Quality Distribution, Inc.,
Term Loan (b)........................... Caa1 B- 5.95 to 11/13/09 3,003,572
6.12
240 Quality Distribution, Inc.,
Revolving Credit Agreement (b).......... Caa1 B- 8.25 11/13/08 240,000
2,021 Transport Industries, LP,
Term Loan .............................. B2 B+ 7.13 06/13/10 2,030,813
----------
12,390,163
----------
TRANSPORTATION - PERSONAL 0.1%
934 Neoplan USA Corp.,
Revolving Credit Agreement (d).......... NR NR 7.12 06/30/06 933,750
----------
TRANSPORTATION-RAIL MANUFACTURING 0.2%
2,985 Helm Holding Corp.,
Term Loan............................... NR NR 5.75 to 07/02/10 3,024,799
5.80
----------
UTILITIES 5.0%
16,750 Allegheny Energy, Inc.,
Term Loan............................... Ba3 BB- 5.59 to 03/08/11 16,913,713
5.88
6,000 Cogentrix Delaware Holdings, Inc.,
Term Loan (b)........................... Ba2 BB+ 4.71 04/14/12 6,021,000
4,061 Coleto Creek WLE, LP,
Term Loan............................... Ba2 BB- 5.31 to 06/30/11 to 4,135,576
6.23 06/30/12
1,956 Midwest Generation, LLC,
Term Loan............................... Ba3 B+ 4.85 to 04/27/11 1,987,814
5.39
897 NorthWestern Corp,
Term Loan............................... Ba1 BB 4.54 to 11/01/11 910,642
4.70
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
--------- --------------------------------------------- ------- --- ------------ ----------- -------------
UTILITIES (CONTINUED)
7,120 Pike Electric, Inc.,
Term Loan............................... NR NR 5.19 07/01/12 to 7,228,102
12/10/12
11,970 Reliant Energy Resources Corp.,
Term Loan (b)........................... B1 B+ 5.40 to 04/30/10 11,984,962
6.09
286 Reliant Energy Resources Corp.,
Revolving Credit Agreement.............. B1 B+ 5.85 to 12/22/09 276,412
7.63
28,150 Texas Genco, LLC,
Term Loan (b)........................... Ba2 BB 4.97 to 12/14/11 28,402,276
5.09
571 Texas Genco, LLC,
Revolving Credit Agreement.............. Ba2 BB 5.18 12/14/09 561,429
-------------
78,421,926
-------------
TOTAL VARIABLE RATE** SENIOR LOAN INTERESTS 177.6%......................................... 2,771,760,564
-------------
NOTES 1.2%
Barjan Products, LLC ($1,165,149 par, 5.00% coupon, maturing 04/30/07) (g) 0
Commonwealth Brands, Inc. ($1,500,000 par, 10.83% coupon, maturing 08/28/07) (h) 1,552,500
Dade Behring, Inc. ($4,897,905 par, 11.91% coupon, maturing 10/03/10) 5,399,940
Pioneer Cos., Inc. ($832,205 par, 6.59% coupon, maturing 12/31/06) (h) 840,527
Rogers Wireless Communications, Inc. ($9,000,000 par, 6.16% coupon, maturing 12/15/10)(Canada)(h) 9,292,500
US Unwired, Inc. ($1,200,000 par, 7.28% coupon, maturing 06/15/10) (h) 1,236,000
----------
TOTAL NOTES 18,321,467
----------
EQUITIES 1.1%
Aladdin Gaming Holdings, LLC (7.84% Ownership Interest, Acquired 09/03/04, Cost $470,400) (e) (f) 254,702
Barjan Products, LLC (2,201,571 preferred shares, Acquired 06/21/04, Cost $3,104,488) (e) (f) 0
Comdisco Holding Co., Inc. (134 common shares) (e) 2,177
Dade Behring Holdings, Inc. (111,037 common shares) (e) 6,847,652
Environmental Systems Products Holdings, Inc. (3,275 common shares, Acquired 06/22/04,
Cost $0) (e) (f) 33,143
Gentek, Inc. (9,705 common shares) 117,721
Gentek, Inc. (Warrants for 271 common shares) (e) 0
IDT Corp. (22,898 common shares) (e) 321,946
Imperial Home Decor Group, Inc. (512,023 common shares, Acquired 04/26/01, Cost
$522,263) (d) (e) (f) (i) 0
London Clubs International (Warrants for 141,982 common shares, Acquired 10/15/04, Cost
$260,912) (e) (f) 342,547
Malden Mills Industries (263,436 common shares, Acquired 10/29/03, Cost $0) (e) (f) 0
Malden Mills Industries (860,902 preferred shares, Acquired 10/29/03, Cost $0) (e) (f) 0
NeighborCare, Inc. (316,950 common shares) (e) 9,102,804
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
--------- --------------------------------------------- ------- --- ------------ ----------- -------------
Neoplan USA Corp. (2,262 preferred shares, Acquired 09/04/03, Cost $1,074,522) (d) (e) (f) 2,262
Neoplan USA Corp. (8,517 common shares, Acquired 09/04/03, Cost $85) (d) (e) (f) 85
Orius Corp. (315,080 common shares, Acquired 02/03/03, Cost $0) (e) (f) 0
Outsourcing Solutions (962 common shares, Acquired 01/30/04, Cost $43,700) (e) (f) 38,480
Planet Hollywood International, Inc. (Warrants for 76,677 common shares, Acquired
09/30/04, Cost $0) (e) (f) 0
Railworks Corp. (186 preferred shares, Acquired 02/10/03, Cost $2,135,664) (e) (f) 0
Railworks Corp. (Warrants for 3,282 common shares, Acquired 02/10/03, Cost $0) (e) (f) 0
Rotech Medical (48,485 common shares, Acquired 06/12/02, Cost $193,940) (e) (f) 0
Safelite Glass Corp. (421,447 common shares, Acquired 10/20/00, Cost $1,714,995) (e) (f) 0
Safelite Realty (28,448 common shares, Acquired 10/26/00, Cost $0) (e) (f) 0
Targus Group International (Warrants for 28,689 common shares, Acquired 01/30/04,
Cost $0)(e)(f) 8,607
-------------
TOTAL EQUITIES 17,072,126
-------------
TOTAL LONG-TERM INVESTMENTS 179.9% 2,807,154,157
(Cost $2,799,340,089) -------------
SHORT-TERM INVESTMENTS 1.6%
REPURCHASE AGREEMENT 1.3%
State Street Bank & Trust Corp. ($21,000,000 par collateralized by U.S. Government
obligations in a pooled cash account, interest rate of 2.82%, dated 04/29/05, to
be sold on 05/02/05 at $21,003,290) (b) 21,000,000
TIME DEPOSIT 0.3%
State Street Bank & Trust Corp. ($4,374,668 par, 1.30% coupon, dated 04/29/05, to be sold
on 05/02/05 at $4,374,984) (b) 4,374,668
-------------
TOTAL SHORT-TERM INVESTMENTS 1.6% 25,374,668
(Cost $25,374,668) -------------
TOTAL INVESTMENTS 181.5% 2,832,528,825
(Cost $2,824,714,757)
BORROWINGS (36.9)% (576,000,000)
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2005 (Unaudited)
Principal Bank Loan
Amount Ratings Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
--------- --------------------------------------------- ------- --- ------------ ----------- ---------------
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (44.9)% (700,242,144)
OTHER ASSETS IN EXCESS OF LIABILITIES 0.3 4,277,284
---------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0%
$ 1,560,563,965
---------------
NR - NOT RATED
+ Bank Loans rated below Baa by Moody's Investor Service, Inc. or BBB by
Standard & Poor's Group are considered to be below investment grade.
Industry percentages are calculated as a percentage of net assets
applicable to common shares.
(a) This Senior Loan interest is non-income producing.
(b) A portion of this security is segregated in connection with unfunded
loan commitments.
(c) This borrower has filed for protection in federal bankruptcy court.
(d) Affiliated company.
(e) Non-income producing security as this stock or warrant currently does not
declare dividends.
(f) Restricted Security. Securities were acquired through the restructuring of
senior loans. These securities are restricted as they are not allowed to
be deposited via the Depository Trust Company. If at a later point in
time, the company wishes to register, the issuer will bear the costs
associated with registration. The aggregate value of restricted securities
represents 0.04% of the net assets applicable to common shares of the
Trust.
(g) Payment-in-kind security.
(h) Variable rate security. Interest rate shown is that in effect at April 30,
2005.
(i) This borrower is currently in liquidation.
* Senior Loans in the Trust's portfolio generally are subject to mandatory
and/or optional prepayment. Because of these mandatory prepayment
conditions and because there may be significant economic incentives for a
Borrower to prepay, prepayments of Senior Loans in the Trust's portfolio
may occur. As a result, the actual remaining maturity of Senior Loans held
in the Trust's portfolio may be substantially less than the stated
maturities shown. Although the Trust is unable to accurately estimate the
actual remaining maturity of individual Senior Loans, the Trust estimates
that the actual average maturity of the Senior Loans held in its portfolio
will be approximately 18-24 months.
** Senior Loans in which the Trust invests generally pay interest at rates
which are periodically redetermined by reference to a base lending rate
plus a premium. These base lending rates are generally (i) the lending
rate offered by one or more major European banks, such as the London
Inter-Bank Offered Rate ("LIBOR"), (ii) the prime rate offered by one or
more major United States banks and (iii) the certificate of deposit rate.
Senior Loans are generally considered to be restricted in that the Trust
ordinarily is contractually obligated to receive approval from the Agent
Bank and/or Borrower prior to the disposition of a Senior Loan.
Item 2. Controls and Procedures.
(a) The Trust's principal executive officer and principal financial officer have
concluded that the Trust's disclosure controls and procedures are sufficient to
ensure that information required to be disclosed by the Trust in this Form N-Q
was recorded, processed, summarized and reported within the time periods
specified in the Securities and Exchange Commission's rules and forms, based
upon such officers' evaluation of these controls and procedures as of a date
within 90 days of the filing date of the report.
(b) There were no changes in the Trust's internal control over financial
reporting that occurred during the registrant's fiscal quarter that has
materially affected, or is reasonably likely to materially affect, the Trust's
internal control over financial reporting.
Item 3. Exhibits.
(a) A certification for the Principal Executive Officer of the registrant
is attached hereto as part of EX-99.cert.
(b) A certification for the Principal Financial Officer of the registrant
is attached hereto as part of EX-99.cert.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Van Kampen Senior Income Trust
By: /s/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: June 16, 2005
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By: /s/ Ronald E. Robison
----------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: June 16, 2005
By: /s/ James W. Garrett
---------------------
Name: James W. Garrett
Title: Principal Financial Officer
Date: June 16, 2005