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: 4/30/06
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, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
VARIABLE RATE** SENIOR LOAN INTERESTS 179.2%
AEROSPACE/DEFENSE 5.1%
$ 9,619 Alion Science and Technology Corp.,
Term Loan .............................................. B1 B+ 7.56% 08/02/09 $ 9,690,839
276 Alion Science and Technology Corp.,
Revolving Credit Agreement ............................. B1 B+ 9.50 08/02/09 275,750
3,938 AM General, LLC,
Term Loan (b) .......................................... NR NR 9.41 to 11/01/11 4,070,391
11.25
1,501 Apptis, Inc.,
Term Loan .............................................. B2 B+ 8.25 01/05/10 1,511,749
7,546 ARINC, Inc.,
Term Loan .............................................. Ba3 BB 6.98 to 03/10/11 7,569,581
7.11
4,220 DynCorp International, LLC,
Term Loan .............................................. B2 B+ 7.44 to 02/11/11 4,277,614
7.81
5,993 IAP Worldwide Services, Inc.,
Term Loan .............................................. B2 B+ 8.00 12/30/12 6,108,647
3,540 ILC Industries, Inc.,
Term Loan .............................................. NR NR 7.48 02/24/12 3,593,607
9,923 K&F Industries, Inc.,
Term Loan .............................................. B2 B+ 7.08 to 11/18/12 10,064,539
7.34
4,526 SI International, Inc.,
Term Loan .............................................. B1 NR 6.80 to 02/09/11 4,554,333
6.97
11,399 Spirit AeroSystems, Inc.,
Term Loan ............................................... B1 BB- 7.32 12/31/11 11,596,347
6,856 TransDigm, Inc.,
Term Loan ............................................... B1 B+ 7.15 07/22/10 6,955,954
8,717 Wyle Laboratories, Inc.,
Term Loan ............................................... NR B+ 7.44 to 01/28/11 to 8,873,905
11.19 07/28/11 ------------
79,143,256
------------
AUTOMOTIVE 6.5%
9,046 Accuride Corp.,
Term Loan (b) ........................................... B1 B+ 7.19 01/31/12 9,170,751
14,021 Federal-Mogul Corp.,
Term Loan (c) ........................................... NR NR 8.75 12/09/06 14,091,014
15,383 Federal-Mogul Corp.,
Revolving Credit Agreement (c) .......................... NR NR 8.75 12/09/06 15,431,584
3,566 Heartland Automotive Holdings, Inc.,
Term Loan ............................................... NR NR 8.58 02/27/12 3,592,997
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
AUTOMOTIVE (CONTINUED)
10,395 MetoKote Corp.,
Term Loan ............................................... B2 B+ 8.15 to 11/27/11 10,511,944
8.38
6,120 Polypore, Inc.,
Term Loan ............................................... B2 B 7.98 11/12/11 6,196,048
9,842 Safelite Glass Corp.,
Term Loan ............................................... NR NR 8.96 to 09/30/07 9,743,444
9.46
3,818 Tenneco Automotive, Inc.,
Term Loan ............................................... B1 BB- 7.02 12/12/10 3,876,773
26,629 TRW Automotive, Inc.,
Term Loan ............................................... Ba2 BB+ 6.00 to 10/31/10 to 26,708,554
6.25 06/30/12
1,808 United Components, Inc.,
Term Loan ............................................... B2 BB- 7.22 06/30/10 1,823,026
------------
101,146,135
------------
BEVERAGE, FOOD & TOBACCO 13.5%
22,463 Acosta Sales Co., Inc.,
Term Loan (b) ........................................... NR NR 7.13 to 12/06/12 to 22,869,863
10.63 06/06/13
6,000 Advantage Sales & Marketing, LLC,
Term Loan (b) ........................................... NR NR 6.90 03/29/13 6,052,500
13,015 Birds Eye Foods, Inc.,
Term Loan ............................................... B1 B+ 7.75 06/30/08 13,144,655
1,513 Buffets Holdings, Inc.,
Term Loan ............................................... B1 B- 8.19 to 06/28/09 1,524,117
8.50
13,057 Commonwealth Brands, Inc.,
Term Loan ............................................... NR NR 7.00 12/22/12 13,233,269
4,729 Constellation Brands, Inc.,
Term Loan ............................................... Ba2 BB 6.31 to 11/30/11 4,769,338
6.38
5,211 Culligan International Co.,
Term Loan ............................................... B1 B+ 7.40 09/30/11 5,292,742
5,373 Doane Pet Care Co.,
Term Loan ............................................... B1 BB- 6.94 to 10/24/12 5,446,879
7.38
6,900 Dole Food Co., Inc.,
Term Loan ............................................... B3 BB- 9.94 07/22/10 7,119,938
12,761 DS Waters Enterprises, LP,
Term Loan ............................................... Caa3 CCC 9.49 11/07/09 12,645,578
3,578 Eight O'clock Coffee Co.,
Term Loan ............................................... NR NR 8.13 11/14/11 3,613,275
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
BEVERAGE, FOOD & TOBACCO (CONTINUED)
5,100 Farley's & Sathers Candy Co., Inc.,
Term Loan ............................................... NR NR 9.50 to 06/15/10 to 5,148,000
10.98 03/24/11
3,993 Le-Nature's, Inc.,
Term Loan ............................................... B1 B 7.88 to 06/23/10 4,052,387
9.75
6,745 Luigino's, Inc.,
Term Loan ............................................... B1 B+ 7.88 to 04/02/11 6,822,737
8.00
1,628 Mafco Worldwide Corp.,
Term Loan ............................................... B1 B+ 6.85 to 12/08/11 1,645,481
7.01
8,874 Michael Foods, Inc.,
Term Loan ............................................... B1 B+ 6.67 to 11/21/10 8,988,448
7.03
6,311 National Dairy Holdings, LP,
Term Loan ............................................... NR NR 7.00 03/15/12 6,346,065
3,000 National Distributing Co., Inc.,
Term Loan ............................................... NR NR 11.50 06/22/10 3,007,500
2,499 OSI Foods GMBH & Co. KG,
Term Loan ............................................... NR NR 6.83 to 09/02/11 2,530,544
6.98
5,623 OSI Group, LLC,
Term Loan ............................................... NR NR 6.83 to 09/02/11 5,693,725
6.98
3,124 OSI-Holland Finance B.V.,
Term Loan ............................................... NR NR 6.83 to 09/02/11 3,163,180
6.98
4,647 PBM Products, LLC,
Term Loan ............................................... NR NR 7.83 07/26/11 4,698,838
6,848 Pierre Foods, Inc.,
Term Loan ............................................... B1 B+ 6.06 06/30/10 6,929,320
38,201 Pinnacle Foods, Inc.,
Term Loan ............................................... B1 B+ 8.20 to 11/25/10 38,850,668
8.24
750 Reddy Ice Group, Inc.,
Term Loan ............................................... B1 B+ 6.79 08/09/12 757,500
1,500 Sagittarius Restaurant, LLC,
Term Loan ............................................... B1 B 7.07 03/29/13 1,520,625
8,766 Sturm Foods, Inc.,
Term Loan ............................................... NR NR 7.75 to 05/26/11 to 8,911,285
12.00 05/26/12
2,254 Sunny Delight Beverage Co.,
Term Loan ............................................... Caa1 CCC+ 9.02 to 08/20/10 2,245,958
9.34
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
BEVERAGE, FOOD & TOBACCO (CONTINUED)
3,960 Volume Services America, Inc.,
Term Loan ............................................... B2 NR 8.36 to 10/01/10 4,002,075
9.00 ------------
211,026,490
------------
BROADCASTING - CABLE 13.1%
2,400 Adelphia Communications Corp.,
Term Loan (b) ........................................... NR NR 6.94 08/07/06 2,412,000
8,284 Cebridge Connections, Inc.,
Term Loan ............................................... B1 B+ 7.99 to 11/05/13 8,430,521
12.75
3,300 Century Cable Holdings, LLC,
Term Loan (c) ........................................... NR NR 9.75 06/30/09 3,228,156
60,995 Charter Communications Operating, LLC,
Term Loan ............................................... B2 B 7.67 to 04/27/13 61,213,373
7.92
15,000 CSC Holdings, Inc.,
Term Loan ............................................... Ba3 BB 6.58 to 03/29/13 15,082,800
6.74
9,593 Frontiervision Operating Partners, LP,
Term Loan (c) (j) ....................................... NR NR 9.15 to 09/30/05 to 9,630,438
9.28 03/31/06
2,354 Frontiervision Operating Partners, LP,
Revolving Credit Agreement (c) .......................... NR NR 9.15 06/30/06 2,362,322
13,373 Hilton Head Communications, LP,
Term Loan (c) ........................................... NR NR 9.00 03/31/08 12,985,989
9,760 Hilton Head Communications, LP,
Revolving Credit Agreement (c) .......................... NR NR 7.75 09/30/07 9,452,970
9,175 Insight Midwest Holdings, LLC,
Term Loan ............................................... Ba3 BB- 7.00 12/31/09 9,292,181
4,962 MCC Iowa, LLC,
Term Loan ............................................... Ba3 BB- 6.69 to 02/01/14 4,995,730
6.98
51,095 Olympus Cable Holdings, LLC,
Term Loan (c) ........................................... NR NR 9.00 to 06/30/10 to 49,966,375
9.75 09/30/10
10,871 Parnassos, LP,
Term Loan (c) ........................................... NR NR 7.75 06/30/07 10,854,937
4,753 Parnassos, LP,
Revolving Credit Agreement (c) .......................... NR NR 7.75 06/30/07 4,745,879
------------
204,653,671
------------
BROADCASTING - DIVERSIFIED 0.4%
5,970 Entravision Communications Corp.,
Term Loan ............................................... Ba3 B+ 6.49 03/29/13 6,019,127
------------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
BROADCASTING - RADIO 0.9%
5,682 NextMedia Operating, Inc.,
Term Loan ............................................... B1 B 6.84 to 11/15/12 to 5,770,738
9.41 11/15/13
5,445 Spanish Broadcasting Systems, Inc.,
Term Loan ............................................... B1 B+ 6.73 06/10/12 5,502,853
3,465 Susquehanna Media Co.,
Term Loan ............................................... Ba2 BB 7.75 03/30/12 3,471,497
------------
14,745,088
------------
BROADCASTING - TELEVISION 0.3%
4,179 HIT Entertainment, Inc. (England),
Term Loan ............................................... B1 B 7.17 03/20/12 4,214,522
------------
BUILDINGS & REAL ESTATE 6.1%
4,000 AIMCO Properties, LP,
Term Loan (b) ........................................... NR NR 6.36 03/22/11 4,025,000
6,667 BioMed Realty, LP,
Term Loan ............................................... NR NR 7.08 05/30/10 6,683,333
14,999 Capital Automative, LP,
Term Loan ............................................... Ba1 BB+ 6.58 12/16/10 15,139,877
6,052 CB Richard Ellis Services, Inc.,
Term Loan ............................................... Ba1 BB- 6.54 to 03/31/10 6,119,770
6.93
317 Central Parking Corp.,
Term Loan ............................................... Ba3 BB- 6.98 03/31/10 320,728
6,000 Edge-Star Partners,
Term Loan ............................................... NR NR 8.02 11/18/07 6,022,500
3,509 GEO Group, Inc.,
Term Loan ............................................... Ba3 BB- 7.00 09/14/11 3,544,030
2,992 Harlan Sprague Dawley, Inc.,
Term Loan ............................................... B2 B+ 7.48 to 12/19/11 3,028,036
9.25
6,000 Landsource Communities Development, LLC,
Term Loan ............................................... NR NR 7.38 03/31/10 6,033,750
1,500 London Arena & Waterfront Finance, LLC,
Term Loan ............................................... NR NR 8.38 03/08/12 2,433,000
7,500 Macerich Partnership, LP,
Term Loan ............................................... NR NR 6.38 04/25/10 7,546,875
2,776 NewKirk Master, LP,
Term Loan ............................................... Ba2 BB+ 6.58 08/11/08 2,798,538
3,600 Shea Capital I, LLC,
Term Loan ............................................... NR NR 6.69 10/27/11 3,582,000
2,500 Shea Mountain House, LLC,
Term Loan ............................................... NR NR 6.74 05/11/11 2,517,188
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
BUILDINGS & REAL ESTATE (CONTINUED)
4,500 South Edge, LLC,
Term Loan ............................................... NR NR 6.81 to 10/31/07 to 4,531,249
7.06 10/31/09
12,000 WCI Communities, Inc.,
Term Loan ............................................... NR NR 6.83 12/23/10 12,030,000
9,175 Yellowstone Development, LLC,
Term Loan ............................................... NR NR 7.38 09/30/10 9,213,540
------------
95,569,414
------------
BUSINESS EQUIPMENT 0.8%
2,312 ACCO Brands Corp.,
Term Loan (b) ........................................... Ba3 BB- 6.52 to 08/17/12 2,334,180
6.83
4,471 Katun Corp.,
Term Loan ............................................... NR BB- 9.21 06/30/09 4,482,464
5,449 Verifone, Inc.,
Term Loan ............................................... B1 BB- 6.88 06/30/11 5,486,325
------------
12,302,969
------------
CHEMICALS, PLASTICS & RUBBER 11.6%
1,244 American Pacific Corporation,
Term Loan ............................................... B2 B 8.98 11/30/10 1,245,305
3,900 Basell North America (Netherlands),
Term Loan ............................................... Ba3 B+ 7.31 to 09/07/13 to 3,968,250
8.00 09/07/14
1,784 Becker-Underwood, Inc.,
Term Loan ............................................... NR NR 9.23 to 09/30/11 to 1,778,481
11.98 03/31/12
11,400 Brenntag Holdings GmbH & Co. KG,
Term Loan ............................................... B2 B+ 7.44 to 01/17/14 to 11,615,640
11.43 07/17/15
18,489 Celanese, AG (Germany),
Term Loan ............................................... B1 B+ 6.98 04/06/11 18,720,432
58,489 Huntsman International, LLC,
Term Loan ............................................... Ba3 BB- 6.68 08/16/12 58,890,841
4,500 Ineos Holdings Limited,
Term Loan ............................................... Ba3 B+ 7.34 to 12/16/13 to 9,137,826
7.84 12/23/14
13,186 INVISTA (Netherlands),
Term Loan ............................................... Ba3 BB 6.48 to 04/30/10 to 13,311,968
6.75 04/29/11
10,200 ISP Chemco, Inc.,
Term Loan ............................................... Ba3 BB- 6.50 02/16/13 10,294,034
8,304 Kraton Polymers, LLC.,
Term Loan ............................................... B1 B+ 7.00 to 05/12/13 8,324,596
7.50
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
CHEMICALS, PLASTICS & RUBBER (CONTINUED)
10,754 Nalco Co.,
Term Loan ............................................... B1 BB- 6.48 to 11/04/10 10,889,554
6.60
10,197 PQ Corp.,
Term Loan ............................................... B1 B+ 7.00 02/11/12 10,352,076
17,958 Rockwood Specialties Group, Inc.,
Term Loan ............................................... B1 NR 7.13 12/13/13 18,207,619
4,800 Wellman, Inc.,
Term Loan ............................................... B2 B- 11.90 02/10/10 4,941,998
------------
181,678,620
------------
CONSTRUCTION MATERIAL 3.0%
11,970 AXIA, Inc.,
Term Loan ............................................... B2 B 8.23 12/21/12 11,999,925
2,531 Brand Services, Inc.,
Term Loan ............................................... B2 B 7.90 to 01/15/12 2,569,901
8.13
1,147 Builders FirstSource, Inc.,
Term Loan ............................................... B1 BB- 7.49 to 08/11/11 to 1,149,533
9.00 02/15/12
9,000 Contech Construction Products, Inc.,
Term Loan ............................................... B1 B+ 6.80 to 01/31/13 9,123,750
7.00
500 Custom Building Products, Inc.,
Term Loan ............................................... NR NR 9.96 04/20/12 502,812
5,985 Gibraltar Industries, Inc.,
Term Loan ............................................... Ba1 BB 6.69 12/08/12 6,029,888
5,318 Interline Brands, Inc.,
Term Loan ............................................... B1 BB 6.65 to 12/31/10 5,384,855
7.23
1,200 Nortek, Inc.,
Term Loan ............................................... B2 B 6.69 to 08/27/11 1,211,063
8.75
1,195 Panolam Industries International, Inc. (Canada),
Term Loan ............................................... B2 B+ 7.73 09/30/12 1,213,429
4,013 Professional Paint, Inc.,
Term Loan ............................................... NR NR 7.71 to 09/30/11 4,048,468
7.84
894 Sensus Metering Systems, Inc.,
Term Loan ............................................... B2 B+ 7.22 to 12/17/10 904,226
7.58
1,510 Werner Holding Co., Inc.,
Term Loan (k)............................................ Caa1 CCC+ 8.74 06/11/09 1,505,989
965 Werner Holding Co., Inc.,
Term Loan (g) (k)........................................ Caa2 CCC- 14.74 12/11/09 949,478
------------
46,593,317
------------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
CONTAINERS, PACKAGING & GLASS 7.3%
4,566 Berry Plastics Corp.,
Term Loan ............................................... B1 B+ 6.84 12/02/11 4,613,059
2,645 BWAY Corp.,
Term Loan ............................................... B1 B+ 6.81 06/30/11 2,682,819
1,769 Consolidated Container Co., LLC,
Term Loan ............................................... B2 B- 8.25 to 12/15/08 1,778,448
8.38
4,714 Covalence Specialty Materials Corp.,
Term Loan ............................................... B2 B 6.69 to 02/16/13 to 4,784,693
8.15 08/16/13
1,800 Crown Americas, Inc.,
Term Loan ............................................... Ba2 BB- 6.44 11/15/12 1,810,688
22,858 Dr. Pepper/Seven Up Bottling Group, Inc.,
Term Loan ............................................... B1 NR 6.93 12/19/10 23,051,861
5,570 Graham Packaging Co.,
Term Loan ............................................... B2 B 6.94 to 10/07/11 to 5,642,346
9.25 04/07/12
13,817 Graphic Packaging International Corp.,
Term Loan ............................................... B1 B+ 6.99 to 08/08/10 14,044,092
7.62
1,606 Graphic Packaging International Corp.,
Revolving Credit Agreement .............................. B1 B+ 7.39 to 08/08/09 1,559,977
9.75
4,276 Impress Metal Packaging Holding B.V.
(Netherlands),
Term Loan ............................................... NR B+ 7.94 12/31/06 4,286,593
6,625 Kranson Industries, Inc.,
Term Loan ............................................... NR NR 7.73 07/30/11 6,691,235
15,791 Owens-Illinois, Inc.,
Term Loan ............................................... B1 BB- 6.61 to 04/01/07 to 15,848,727
6.78 04/01/08
7,796 Packaging Dynamics,
Term Loan ............................................... NR NR 6.98 to 09/29/08 to 7,814,626
7.22 09/29/09
4,190 Ranpak Corp.,
Term Loan ............................................... NR NR 7.41 12/14/11 4,236,632
8,937 Smurfit-Stone Container Corp.,
Term Loan ............................................... Ba3 B+ 7.13 to 11/01/11 9,065,381
7.25
3,770 Smurfit-Stone Container Corp.,
Revolving Credit Agreement .............................. Ba3 B+ 7.38 to 11/01/09 3,700,885
9.25
1,995 Solo Cup, Inc.,
Term Loan ............................................... B3 B- 7.42 to 02/27/11 to 2,029,851
9.66 03/31/12
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
CONTAINERS, PACKAGING & GLASS (CONTINUED)
1,030 Unifrax Corp.,
Term Loan .............................................. B1 B+ 8.75 03/29/12 1,043,170
-----------
114,685,083
-----------
DIVERSIFIED MANUFACTURING 1.8%
4,817 Chart Industries, Inc.,
Term Loan .............................................. B1 B+ 6.63 10/17/12 4,908,487
4,500 Euramax International, Inc.,
Term Loan .............................................. Caa1 B- 12.00 06/29/13 4,500,000
18,507 Mueller Group, Inc.,
Term Loan .............................................. B2 B+ 7.06 to 10/03/12 18,779,645
7.38 ----------
28,188,132
----------
DIVERSIFIED NATURAL RESOURCES 3.1%
47,910 Georgia-Pacific Corp.,
Term Loan .............................................. Ba2 B+ 6.88 to 12/20/12 to 48,425,899
8.03 12/23/13 ----------
ECOLOGICAL 4.8%
20,984 Allied Waste North America, Inc.,
Term Loan (b) .......................................... B1 BB 6.73 to 01/15/12 21,089,310
6.97
5,337 Duratek, Inc.,
Term Loan .............................................. B1 BB- 7.94 to 12/16/09 5,343,758
8.19
8,847 Envirocare of Utah, LLC,
Term Loan .............................................. NR NR 7.85 to 04/13/10 9,013,572
10.60
8,099 Environmental Systems Products Holdings,
Term Loan .............................................. B3 NR 8.31 to 12/12/08 to 8,253,865
15.13 12/12/10
4,355 Great Lakes Dredge & Dock Corp.,
Term Loan .............................................. B2 CCC 7.69 to 12/22/10 4,415,302
8.26
3,890 LVI Services, Inc.,
Term Loan .............................................. NR NR 7.34 11/16/11 3,914,564
1,485 Safety-Kleen Corp.,
Term Loan .............................................. NR NR 11.74 to 09/15/08 1,532,025
12.00
6,400 Synagro Technologies, Inc.,
Term Loan .............................................. NR BB- 7.32 to 06/21/12 6,456,000
7.34
7,600 Waste Services, Inc.,
Term Loan .............................................. B2 B- 8.08 to 03/31/11 7,718,427
8.18
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
ECOLOGICAL (CONTINUED)
467 Waste Services, Inc.,
Revolving Credit Agreement ............................. B2 B- 8.91 04/29/09 459,667
1,800 WasteQuip, Inc.,
Term Loan .............................................. B3 B- 10.98 07/15/12 1,822,500
5,445 WCA Waste Systems, Inc.,
Term Loan .............................................. B2 B 7.98 04/28/11 5,458,613
---------
75,477,603
----------
EDUCATION & CHILD CARE 0.3%
4,065 Educate Operating Co., LLC,
Term Loan .............................................. B1 NR 7.98 03/31/12 4,069,747
---------
ELECTRONICS 7.7%
8,421 AMI Semiconductor, Inc.,
Term Loan (b) .......................................... Ba3 BB- 6.50 04/01/12 8,480,906
5,318 Amkor Technology, Inc.,
Term Loan (b) .......................................... B2 B- 9.27 10/27/10 5,557,500
4,202 Audio Visual Services Corp.,
Term Loan .............................................. B1 NR 7.48 05/18/11 4,243,957
4,178 Automata, Inc.,
Term Loan (a) (c) (i) .................................. NR NR N/A 02/28/03 to 0
02/28/04
1,197 Blackboard, Inc.,
Term Loan .............................................. Ba3 B+ 7.23 to 02/28/12 1,217,947
7.25
3,714 DoubleClick, Inc.,
Term Loan .............................................. B2 B 8.75 07/13/12 3,778,965
843 Eastman Kodak Co.,
Term Loan .............................................. Ba3 B+ 7.10 to 10/18/12 852,837
7.33
3,000 Epicor Software Corp.,
Term Loan .............................................. B1 B+ 7.71 to 03/30/12 3,028,125
8.65
2,000 GXS Worldwide, Inc.,
Term Loan .............................................. B2 B+ 9.78 to 07/29/11 1,975,000
10.26
3,000 Infor Global Solutions AG,
Term Loan .............................................. B2 B 7.80 04/18/11 3,005,001
17,147 ON Semiconductor Corp.,
Term Loan .............................................. B3 B+ 7.23 12/15/11 17,369,487
1,188 Open Solutions, Inc.,
Term Loan .............................................. B1 B+ 7.33 09/03/11 1,202,431
15,712 Spectrum Brands, Inc.,
Term Loan .............................................. B1 B- 7.03 to 02/06/12 15,829,521
7.61
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
ELECTRONICS (CONTINUED)
600 Stratus Technologies, Inc.,
Term Loan ............................................. B1 B- 7.96 03/29/11 609,375
40,132 SunGard Data Systems, Inc.,
Term Loan .............................................. B1 B+ 7.22 02/11/13 40,644,379
9,037 UGS Corp.,
Term Loan .............................................. B1 B+ 7.00 03/31/12 9,157,119
4,094 Viasystems, Inc.,
Revolving Credit Agreement ............................. B2 NR 11.25 01/31/08 4,012,563
-----------
120,965,113
-----------
ENTERTAINMENT & LEISURE 9.8%
2,726 24 Hour Fitness Worldwide, Inc.,
Term Loan (b) .......................................... B2 B 7.70 to 06/08/12 2,765,000
8.00
2,970 Alliance Atlantis Communications, Inc.,
Term Loan (b) .......................................... Ba2 BB 6.47 12/20/11 2,995,370
2,993 AMC Entertainment, Inc.,
Term Loan (b) .......................................... Ba3 B+ 7.11 01/26/13 3,026,166
496 Blockbuster, Inc.,
Term Loan .............................................. B3 B- 8.59 to 08/20/11 496,814
8.94
1,918 Detroit Red Wings, Inc.,
Term Loan .............................................. NR NR 7.23 08/30/06 1,923,022
9,289 Fender Musical Instruments Corp.,
Term Loan .............................................. B3 B- 9.62 09/30/12 9,474,398
43,854 Metro-Goldwyn-Mayer Studios, Inc.,
Term Loan .............................................. NR NR 7.23 04/08/12 44,388,067
5,000 Mets, LP,
Term Loan .............................................. NR NR 7.13 07/25/10 5,056,250
503 Movie Gallery, Inc.,
Term Loan .............................................. Caa1 CCC+ 9.98 04/27/10 465,325
4,500 Panavision, Inc.,
Term Loan .............................................. B1 B 8.00 to 03/30/11 4,578,750
8.13
7,655 Pure Fishing, Inc.,
Term Loan .............................................. B1 B+ 7.70 to 09/30/10 to 7,711,572
10.43 03/31/11
26,997 Regal Cinemas, Inc.,
Term Loan .............................................. Ba2 BB- 6.48 11/10/10 27,204,071
7,609 Six Flags Theme Parks, Inc.,
Term Loan .............................................. B1 B- 6.96 to 06/30/09 7,672,502
7.26
2,001 Six Flags Theme Parks, Inc.,
Revolving Credit Agreement ............................. B1 B- 7.08 to 06/30/08 1,985,114
7.24
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
PRINCIPAL BANK LOAN
AMOUNT RATINGS + STATED
(000) BORROWER MOODY'S S&P COUPON MATURITY * VALUE
ENTERTAINMENT & LEISURE (CONTINUED)
6,000 Southwest Sports Group, LLC,
Term Loan .............................................. NR NR 7.44 12/22/10 6,075,000
4,200 Tiger Ballpark, LLC,
Term Loan .............................................. NR NR 6.63 08/15/10 4,210,500
9,085 True Temper Sports, Inc.,
Term Loan .............................................. B2 B 7.53 to 03/15/11 9,142,239
9.75
5,880 Universal City Development Partners, LP,
Term Loan .............................................. Ba3 BB- 6.77 to 06/09/11 5,954,723
7.07
5,238 WMG Acquisition Corp.,
Term Loan .............................................. Ba2 B+ 6.58 to 02/28/11 5,297,711
7.21
3,017 Yankees Holdings, LP,
Term Loan .............................................. NR NR 7.32 06/25/07 3,032,228
-----------
153,454,822
-----------
FARMING & AGRICULTURE 0.7%
10,481 Wm. Bolthouse Farms, Inc.,
Term Loan .............................................. B2 B- 7.37 to 12/16/12 to 10,695,615
10.37 12/16/13 -----------
FINANCE 4.7%
12,000 Ameritrade Holding Corp.,
Term Loan (b) .......................................... Ba1 BB 6.49 12/31/12 12,061,500
3,590 DCS Business Services, Inc.,
Term Loan .............................................. NR NR 8.66 to 02/04/11 3,599,253
10.89
18,290 Fidelity National Information Solutions, Inc.,
Term Loan .............................................. Ba1 BB+ 6.60 03/09/13 18,428,521
5,985 LPL Holdings, Inc.,
Term Loan .............................................. B2 B 7.96 to 06/28/13 6,050,464
8.23
9,101 Outsourcing Solutions, Inc.,
Term Loan .............................................. NR NR 9.33 09/30/10 9,124,096
6,600 Refco, Inc.,
Term Loan (a) .......................................... B1 BB- 9.00 08/05/11 6,653,625
6,924 Rent-A-Center, Inc.,
Term Loan .............................................. Ba2 BB+ 6.41 to 06/30/10 7,000,683
6.67
10,594 Transfirst Holdings, Inc.,
Term Loan .............................................. NR NR 8.00 to 03/31/10 to 10,656,782
12.50 03/31/11 -----------
73,574,924
-----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
GROCERY 0.6%
8,978 Roundy's Supermarkets, Inc.,
Term Loan .............................................. B2 B+ 7.72 to 11/03/11 9,106,552
7.87 -----------
HEALTHCARE 8.5%
1,200 AmeriPath, Inc.,
Term Loan (b) .......................................... B1 BB- 6.83 10/31/12 1,213,876
5,400 AMN Healthcare Services, Inc.,
Term Loan .............................................. Ba2 BB- 6.73 11/02/11 5,465,815
9,588 Capella Healthcare, Inc.,
Term Loan .............................................. B3 B 7.82 to 11/30/12 to 9,665,865
10.82 11/30/13
6,719 Center For Diagnostic Imaging (CDI),
Term Loan .............................................. B2 B 8.48 12/31/10 6,517,742
31,107 Community Health Systems, Inc.,
Term Loan .............................................. Ba3 BB- 6.56 08/19/11 31,440,843
7,291 Concentra Operating Corp.,
Term Loan .............................................. B1 B+ 6.69 09/30/11 7,377,750
1,200 CRC Health Corp.,
Term Loan .............................................. B1 B 7.23 02/06/13 1,215,000
990 Diagnostic Imaging Group, LLC,
Term Loan .............................................. B2 B+ 8.38 to 05/04/12 965,250
10.25
9,819 FHC Health Systems, Inc.,
Term Loan .............................................. B2 B 10.82 to 12/18/09 to 10,010,421
13.82 02/09/11
1,087 Genoa Healthcare Group LLC,
Term Loan .............................................. B2 B 8.06 to 08/10/12 1,101,354
10.00
6,000 HealthSouth Corp.,
Term Loan .............................................. B2 B+ 8.15 03/10/13 6,073,392
2,311 Healthtronics, Inc.,
Term Loan .............................................. Ba3 BB- 6.75 03/23/11 2,310,827
43,118 LifePoint Hospitals, Inc.,
Term Loan .............................................. Ba3 BB 6.19 04/15/12 43,399,326
599 Matria Healthcare, Inc.,
Term Loan .............................................. B1 BB- 7.02 to 01/19/07 to 602,766
7.23 01/19/12
1,200 National Renal Institutes, Inc.,
Term Loan .............................................. NR NR 9.00 03/31/13 1,213,876
260 Select Medical Corp.,
Revolving Credit Agreement ............................. B1 BB- 6.91 to 02/24/11 257,725
8.75
3,550 Sterigenics International, Inc.,
Term Loan .............................................. B2 B+ 7.91 06/14/11 3,585,094
---------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
HEALTHCARE (CONTINUED)
132,416,922
-----------
HEALTH & BEAUTY 2.8%
10,109 American Safety Razor Co.,
Term Loan (b) .......................................... B2 B 7.56 to 02/28/12 to 10,216,427
11.23 08/28/12
364 American Safety Razor Co.,
Revolving Credit Agreement (b) ......................... B2 B 7.91 to 02/28/10 356,328
9.75
3,641 CEI Holdings, Inc.,
Term Loan .............................................. NR NR 8.19 to 12/03/10 to 3,629,453
12.44 12/03/11
4,626 Marietta Intermediate Holding Corp.,
Term Loan .............................................. NR NR 7.58 to 12/17/10 to 4,644,091
12.32 12/17/11
9,844 MD Beauty, Inc.,
Term Loan .............................................. B1 CCC 8.00 to 02/18/12 to 9,937,006
12.00 02/18/13
14,199 Prestige Brands Holdings, Inc.,
Term Loan .............................................. B1 B+ 6.89 to 04/06/11 14,391,050
9.00 ----------
43,174,355
----------
HOME & OFFICE FURNISHINGS, HOUSEWARES & DURABLE CONSUMER PRODUCTS 2.8%
11,400 Aearo Technologies, Inc.,
Term Loan (b) .......................................... B2 B 7.45 to 3/24/13 to 11,625,187
11.45 09/24/13
3,000 Formica Corp.,
Term Loan .............................................. B2 B 7.96 03/15/13 3,027,189
3,825 Hunter Fan Co.,
Term Loan .............................................. B1 B 7.76 03/24/12 3,815,438
11,100 National Bedding Co.,
Term Loan .............................................. B3 B+ 9.91 08/31/12 11,315,063
4,327 Quality Home Brands Holdings, LLC,
Term Loan .............................................. NR NR 7.28 to 11/04/11 to 4,375,785
11.53 11/04/12
7,022 Sealy Mattress Co.,
Term Loan .............................................. B1 B+ 6.50 to 04/06/12 7,113,049
6.79
3,272 World Kitchen, Inc.,
Term Loan .............................................. NR NR 8.19 03/31/08 3,263,525
----------
44,535,236
----------
HOTELS, MOTELS, INNS & GAMING 9.8%
1,421 Alliance Gaming Corp.,
Term Loan .............................................. B2 B+ 8.18 09/04/09 1,436,012
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
HOTELS, MOTELS, INNS & GAMING (CONTINUED)
8,400 Greektown Casino, LLC,
Term Loan .............................................. B1 B 7.55 12/03/12 8,536,500
4,900 Green Valley Ranch Gaming, LLC,
Term Loan .............................................. NR NR 6.98 12/17/11 4,955,599
4,158 Herbst Gaming, Inc.,
Term Loan .............................................. B1 B+ 6.98 to 01/31/11 4,208,678
7.11
4,963 Interstate Operating Co., LP,
Term Loan .............................................. B2 B 9.50 01/14/08 5,037,403
7,729 Kuilima Resort Co.,
Term Loan .............................................. NR NR 11.50 09/30/11 7,777,604
7,339 MGM Mirage,
Term Loan .............................................. NR NR 6.28 04/25/10 7,354,882
14,520 MGM Mirage,
Revolving Credit Agreement ............................. NR NR 5.99 to 04/25/10 14,165,639
7.13
600 Pinnacle Entertainment,
Term Loan .............................................. B1 BB- 6.93 12/14/11 605,438
44,440 Planet Hollywood International, Inc.,
Term Loan (g) .......................................... B3 B- 7.99 to 08/31/10 43,552,719
8.99
3,824 Resorts International Hotel & Casino, Inc
Term Loan .............................................. Caa2 CCC 15.48 04/26/13 3,885,035
9,814 Scientific Games Corp.,
Term Loan .............................................. Ba2 BB 6.07 to 12/23/09 9,896,888
6.75
882 Scientific Games Corp.,
Revolving Credit Agreement ............................. Ba2 BB 6.58 to 12/23/09 877,590
6.75
13,200 Venetian Casino Resorts, LLC,
Term Loan .............................................. Ba3 BB- 6.73 06/15/11 13,355,721
1,890 Venetian Casino Resorts, LLC,
Revolving Credit Agreement ............................. Ba3 BB- 6.71 to 02/22/10 1,847,787
6.77
22,338 Wynn Las Vegas, LLC,
Term Loan .............................................. B2 B+ 7.09 12/14/11 22,600,435
2,473 Yonkers Racing Corp.,
Term Loan .............................................. NR NR 8.45 08/12/11 2,510,894
-----------
152,604,824
-----------
INSURANCE 3.3%
4,188 American Wholesale Insurance Group, Inc.,
Term Loan .............................................. NR B 7.74 to 10/27/11 to 4,198,470
11.99 04/27/12
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
INSURANCE (CONTINUED)
8,988 ARG Holdings, LLC,
Term Loan .............................................. B2 NR 7.88 to 11/30/11 to 9,114,606
12.13 11/30/12
2,400 Audatex North America, Inc.,
Term Loan .............................................. B1 B+ 7.30 04/13/13 2,434,500
4,900 Bristol West Holdings, Inc.,
Term Loan .............................................. Ba1 BB+ 6.73 02/18/11 4,924,500
3,600 CCC Information Services Group, Inc.,
Term Loan .............................................. NR NR 7.58 02/10/13 3,651,750
7,102 Conseco, Inc.,
Term Loan .............................................. Ba3 BB- 6.65 06/22/10 7,166,734
1,713 Mitchell International, Inc.,
Term Loan .............................................. B1 B+ 6.98 08/15/11 1,732,951
11,343 USI Holdings Corp.,
Term Loan .............................................. B1 NR 7.44 03/24/11 11,470,524
6,885 Vertafore, Inc.,
Term Loan .............................................. NR NR 7.31 to 01/31/12 to 6,984,310
10.98 01/31/13 ----------
51,678,345
----------
MACHINERY 1.6%
7,248 Alliance Laundry Holdings, LLC,
Term Loan (b) .......................................... B1 B 7.09 01/27/12 7,343,191
3,564 Douglas Dynamics, LLC,
Term Loan .............................................. B1 BB- 6.73 12/16/10 3,608,565
6,033 Goodman Global Holdings, Inc.,
Term Loan .............................................. B1 B+ 6.13 12/23/11 6,089,127
6,000 Penhall International Corp.,
Term Loan .............................................. NR NR 11.60 11/01/10 6,075,000
2,450 United Rentals (North America), Inc.,
Term Loan .............................................. B2 BB- 7.00 02/14/11 2,480,115
---------
25,595,998
----------
MEDICAL PRODUCTS & SERVICES 3.0%
2,394 Accellent, Inc.,
Term Loan (b) .......................................... B2 BB- 6.80 11/22/12 2,411,955
4,773 CONMED Corp.,
Term Loan .............................................. Ba2 BB- 6.68 04/12/13 4,827,784
24,814 DaVita, Inc.,
Term Loan .............................................. B1 BB- 6.69 to 10/05/12 25,114,170
7.13
9,000 Fresenius Medical Care Holdings, Inc.,
Term Loan .............................................. NR BB 6.35 to 03/31/13 9,018,747
6.53
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
MEDICAL PRODUCTS & SERVICES (CONTINUED)
2,956 Kinetics Concepts, Inc.,
Term Loan .............................................. Ba3 BB 6.76 08/11/10 2,993,623
2,940 VWR International, Inc.,
Term Loan .............................................. B2 B+ 7.34 04/07/11 2,984,694
---------
47,350,973
----------
MINING, STEEL, IRON & NON-PRECIOUS METALS 1.3%
3,600 John Maneely Co.,
Term Loan .............................................. B2 B 8.09 03/24/13 3,660,750
5,034 New Enterprise Stone & Lime Co., Inc.,
Term Loan .............................................. NR NR 7.31 to 07/30/10 5,071,919
9.00
9,233 Novelis, Inc.,
Term Loan .............................................. Ba3 BB- 6.44 01/07/12 9,342,824
2,107 Techs Industries, Inc.,
Term Loan .............................................. NR NR 7.73 01/14/10 2,110,134
---------
20,185,627
----------
NATURAL RESOURCES 3.4%
597 Cheniere LNG Holdings, LLC,
Term Loan .............................................. NR BB 7.73 08/30/12 604,649
14,389 El Paso Corp.,
Term Loan .............................................. B3 B 7.75 11/23/09 14,568,635
2,394 Key Energy Services Group, Inc.,
Term Loan .............................................. NR NR 7.78 to 06/30/12 2,427,916
8.40
7,998 LYONDELL-CITGO Refining, LP,
Term Loan .............................................. NR NR 6.98 05/21/07 8,057,532
2,554 SemCrude, LP,
Term Loan .............................................. Ba3 NR 7.08 to 03/16/11 2,562,056
7.23
24,377 Targa Resources, Inc.,
Term Loan .............................................. Ba3 B+ 6.83 to 10/31/07 to 24,464,467
7.38 10/31/12 ----------
52,685,255
----------
NON-DURABLE CONSUMER PRODUCTS 1.2%
2,400 Amscan Holdings, Inc.,
Term Loan .............................................. B1 B+ 7.77 12/23/12 2,424,499
4,500 Easton-Bell Sports, Inc.,
Term Loan .............................................. B1 B+ 6.60 to 03/16/12 4,554,374
6.81
5,827 JohnsonDiversey, Inc.,
Term Loan .............................................. B1 B 7.19 to 12/16/11 5,919,556
7.32
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
NON-DURABLE CONSUMER PRODUCTS (CONTINUED)
1,787 Mega Bloks, Inc. (Canada),
Term Loan .............................................. Ba3 BB- 6.81 to 07/27/10 1,803,248
6.94
1,000 Targus Group International, Inc.,
Term Loan .............................................. B3 CCC 12.80 06/22/13 1,003,750
3,000 UCG Paper Crafts, Inc.,
Term Loan .............................................. NR NR 8.25 02/17/13 3,007,500
----------
18,712,927
----------
PAPER & FOREST PRODUCTS 0.8%
856 New Page Corp.,
Term Loan .............................................. B1 B 7.96 05/02/11 859,281
5,716 White Birch Paper Co. (Canada),
Term Loan .............................................. B2 B+ 8.23 04/06/12 5,817,047
5,869 Xerium Technologies, Inc.,
Term Loan .............................................. B1 B+ 7.23 05/18/12 5,876,664
---------
12,552,992
----------
PERSONAL & MISCELLANEOUS SERVICES 5.4%
8,832 Affinion Group, Inc.,
Term Loan (b) .......................................... B1 B+ 7.50 to 10/17/12 8,871,089
7.68
1,841 Alderwoods Group, Inc.,
Term Loan (b) .......................................... B1 BB 6.73 to 09/29/09 1,857,392
6.93
10,190 Coinmach Laundry Corp.,
Term Loan .............................................. B2 B 7.38 to 12/19/12 10,365,911
9.25
3,632 Global Imaging Systems, Inc.,
Term Loan .............................................. Ba2 NR 6.07 to 05/10/10 3,658,419
6.46
31,784 Hertz Corp.,
Term Loan .............................................. Ba2 BB 6.96 to 12/21/12 32,146,491
7.26
2,095 InfoUSA, Inc.,
Term Loan .............................................. Ba3 BB 6.75 02/14/12 2,107,842
11,056 Iron Mountain, Inc.,
Term Loan .............................................. B2 BB- 6.56 to 04/02/11 11,159,054
6.66
1,892 Omniflight Helicopters, Inc.,
Term Loan .............................................. NR NR 9.75 to 09/30/11 to 1,897,112
10.25 09/30/12
3,591 Sedgewick Claims Management Services, Inc.,
Term Loan .............................................. B1 B+ 6.98 to 01/31/13 3,632,896
7.06
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
PERSONAL & MISCELLANEOUS SERVICES (CONTINUED)
3,908 Stewart Enterprises, Inc.,
Term Loan .............................................. Ba3 BB 6.49 to 11/19/11 3,944,346
6.82
4,452 WeightWatchers.com,
Term Loan .............................................. B1 B+ 7.15 to 12/16/10 to 4,511,337
9.49 06/16/11 ----------
84,151,889
----------
PHARMACEUTICALS 2.6%
3,420 Bradley Pharmaceuticals, Inc.,
Term Loan .............................................. NR NR 8.75 11/14/10 3,458,475
10,133 MedPointe, Inc.,
Term Loan .............................................. B2 B 9.50 to 09/30/07 to 10,133,417
10.25 09/30/08
26,586 Warner Chilcott Holding Co.,
Term Loan .............................................. B2 B 7.44 to 01/18/12 26,805,354
7.86 ----------
40,397,246
----------
PRINTING & PUBLISHING 11.7%
11,171 Adams Outdoor Advertising, LP,
Term Loan (b) .......................................... B1 B+ 6.95 to 10/18/12 11,331,712
7.09
2,866 ALM Media Holdings, Inc.,
Term Loan .............................................. B3 B- 7.48 03/05/10 2,884,114
4,950 American Media Operations, Inc.,
Term Loan (b) .......................................... B1 B 8.12 01/31/13 5,013,731
7,626 American Reprographics Co.,
Term Loan (b) .......................................... Ba3 BB- 6.70 to 06/18/09 7,712,131
8.50
1,766 Ascend Media Holdings, LLC,
Term Loan .............................................. NR NR 8.48 to 01/31/12 1,730,925
8.62
2,978 Canon Communications, LLC,
Term Loan .............................................. B3 B 8.28 05/31/11 2,984,944
600 Caribe Information Investment, Inc.,
Term Loan .............................................. B1 B 7.11 to 03/31/13 606,750
7.46
9,850 Cygnus Business Media, Inc.,
Term Loan .............................................. B3 CCC 9.58 07/13/09 9,800,750
14,829 Day International Group, Inc.,
Term Loan .............................................. B1 B 7.48 to 12/05/12 to 15,098,691
12.23 12/05/13
2,770 Dex Media East, LLC,
Term Loan .............................................. Ba2 BB 6.22 to 05/08/09 2,784,727
6.48
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
PRINTING & PUBLISHING (CONTINUED)
19,375 Dex Media West, LLC,
Term Loan .............................................. Ba2 BB 6.25 to 03/09/10 19,487,804
6.48
4,938 Endurance Business Media, Inc.,
Term Loan .............................................. B1 B 7.18 03/08/12 4,965,399
1,796 Enterprise NewsMedia, LLC,
Term Loan .............................................. NR NR 7.99 06/30/12 1,815,699
2,130 FSC Acquisition, LLC,
Term Loan .............................................. B2 B 6.93 to 08/01/12 2,138,920
7.09
9,010 Haights Cross Communications, LLC,
Term Loan .............................................. B3 B- 8.25 to 08/20/08 9,122,810
9.25
6,301 Herald Media, Inc.,
Term Loan .............................................. NR NR 7.67 to 07/22/11 to 6,352,205
10.67 01/22/12
9,942 Liberty Group Operating, Inc.,
Term Loan .............................................. B1 B+ 7.25 02/28/12 10,036,751
3,815 MC Communications, LLC,
Term Loan .............................................. NR NR 7.27 to 12/31/10 3,858,407
7.44
2,092 MediaNews Group, Inc.,
Term Loan .............................................. NR NR 6.25 12/30/10 2,097,740
9,732 Merrill Communications, LLC,
Term Loan .............................................. B1 B+ 7.23 to 05/15/11 9,836,526
7.25
2,843 Network Communications, Inc.,
Term Loan .............................................. Ba3 B+ 7.19 to 11/30/12 2,877,524
7.48
13,059 New Publications, Inc.,
Term Loan .............................................. B1 B 7.72 to 05/02/11 13,086,925
12.32
10,149 Primedia, Inc.,
Term Loan .............................................. NR NR 7.09 09/30/13 10,064,428
244 Primedia, Inc.,
Revolving Credit Agreement ............................. NR NR 7.00 06/30/08 236,121
22,271 R.H. Donnelley, Inc.,
Term Loan .............................................. Ba3 BB 6.20 to 12/31/09 to 22,385,813
6.53 06/30/11
2,846 Source Media, Inc.,
Term Loan .............................................. B1 NR 7.21 11/08/11 2,883,694
2,214 SGS International Inc.,
Term Loan .............................................. B1 B+ 7.21 to 12/30/11 2,242,131
7.64 -----------
183,437,372
-----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
RESTAURANTS & FOOD SERVICE 2.8%
5,955 Arby's, LLC,
Term Loan ............................................. B1 B+ 7.06 to 07/25/12 6,028,818
7.38
17,805 Burger King Corp.,
Term Loan ............................................. Ba2 B+ 6.50 06/30/12 17,892,664
6,488 Carrols Corp.,
Term Loan ............................................. B1 B+ 7.38 12/31/10 6,590,476
4,770 Denny's Corp.,
Term Loan ............................................. B3 CCC 7.97 to 09/30/09 to 4,892,973
10.33 09/30/10
6,000 Dunkin Brands, Inc.,
Term Loan ............................................. B2 B+ 7.33 03/01/13 6,013,500
2,881 Landry's Restaurants, Inc.,
Term Loan ............................................. Ba2 BB- 6.73 to 12/28/10 2,914,837
6.86 ----------
44,333,268
----------
RETAIL - OIL & GAS 1.0%
5,686 The Pantry, Inc.,
Term Loan ............................................. Ba3 BB- 6.75 01/02/12 5,747,941
10,474 Travelcenters of America, Inc.,
Term Loan ............................................. B1 BB 6.44 to 12/01/11 10,594,198
6.86 ----------
16,342,139
----------
RETAIL - SPECIALTY 1.8%
14,753 Nebraska Book Co., Inc.,
Term Loan ............................................. B2 B- 7.61 03/04/11 14,873,304
12,651 Visant Holding Corp.,
Term Loan ............................................. B1 B+ 7.07 10/04/11 12,822,014
----------
27,695,318
----------
RETAIL - STORES 1.5%
3,667 Advance Stores Co., Inc.,
Term Loan (b).......................................... Ba1 BB+ 6.31 to 09/30/10 3,699,567
6.50
18,513 Neiman Marcus Group, Inc.,
Term Loan ............................................. B1 B+ 7.34 04/06/13 18,788,701
1,200 Pep Boys - Manny, Moe & Jack,
Term Loan ............................................. Ba2 B+ 7.89 01/27/11 1,221,000
---------
23,709,268
----------
TELECOMMUNICATIONS - LOCAL EXCHANGE CARRIERS 2.8%
600 Alaska Communications Systems Group, Inc.,
Term Loan (b).......................................... B1 B+ 6.73 02/01/12 606,075
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
TELECOMMUNICATIONS - LOCAL EXCHANGE CARRIERS (CONTINUED)
2,989 Choice One Communications, Inc.,
Term Loan .............................................. NR NR 9.98 11/30/10 2,974,463
4,176 Cincinnati Bell, Inc.,
Term Loan .............................................. Ba3 B+ 6.21 to 08/31/12 4,208,635
6.51
9,800 Fairpoint Communications, Inc.,
Term Loan .............................................. B1 BB- 6.75 02/08/12 9,871,050
4,100 Hawaiian Telcom, Inc.,
Term Loan .............................................. B1 B 7.23 04/30/12 to 4,137,656
10/31/12
2,400 Madison River Capital, LLC,
Term Loan .............................................. B1 B+ 7.26 07/29/12 2,430,374
1,711 Orius Corp., LLC,
Term Loan (c) (i) ...................................... NR NR 4.00 to 01/23/09 to 358,033
11.75 01/23/10
618 Orius Corp., LLC,
Revolving Credit Agreement (a) (c) (i) ................. NR NR 4.00 to 01/31/06 531,357
10.75
13,425 Qwest Corp.,
Term Loan .............................................. Ba3 BB 9.65 06/30/07 13,766,467
1,176 Sorenson Communication, Inc.,
Term Loan .............................................. NR NR 7.88 to 11/15/12 1,194,676
8.20
2,900 Valor Telecommunications, LLC,
Term Loan .............................................. Ba3 BB- 6.73 to 02/14/12 2,910,098
6.81 ----------
42,988,884
----------
TELECOMMUNICATIONS - LONG DISTANCE 0.2%
3,591 Time Warner Telecom, Inc.,
Term Loan .............................................. B1 B 6.86 to 11/30/10 3,646,362
7.23 ----------
TELECOMMUNICATIONS - WIRELESS 1.2%
3,549 Cellular South, Inc.,
Term Loan .............................................. NR NR 6.71 to 05/04/11 3,591,052
8.25
11,917 Centennial Cellular, Inc.,
Term Loan .............................................. B1 B 6.83 to 02/09/11 12,091,699
7.32
3,636 Nextel Partners, Inc.,
Term Loan .............................................. Ba1 BBB- 6.32 05/31/12 3,648,484
----------
19,331,235
----------
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
TEXTILES & LEATHER 0.9%
1,995 Malden Mills Industries, Inc.,
Term Loan (a) .......................................... NR NR 9.50 10/01/08 710,783
6,499 Propex Fabrics, Inc.,
Term Loan .............................................. B1 BB- 7.00 07/31/12 6,547,975
7,391 The William Carter Co.,
Term Loan .............................................. B1 BB 6.56 to 07/14/12 7,468,137
6.76 ----------
14,726,895
----------
TRANSPORTATION - CARGO 0.7%
2,658 Jacobson Acquisition Co.,
Term Loan .............................................. NR NR 7.72 to 04/07/09 to 2,664,979
8.22 04/07/11
1,197 Kenan Advantage Group, Inc.,
Term Loan .............................................. NR NR 7.98 12/16/11 1,211,214
2,543 Pacer International, Inc.,
Term Loan .............................................. Ba3 BB 6.38 to 06/10/10 2,568,679
8.25
2,927 Quality Distribution, Inc.,
Term Loan .............................................. Caa1 B- 7.95 to 11/13/09 2,941,643
8.00
900 Quality Distribution, Inc.,
Revolving Credit Agreement ............................. Caa1 B- 8.34 to 11/13/08 900,000
8.45 ----------
10,286,515
----------
TRANSPORTATION - PERSONAL 0.5%
934 Neoplan USA Corp.,
Revolving Credit Agreement (d) ......................... NR NR 8.54 06/30/06 933,750
6,000 United Airlines, Inc.,
Term Loan .............................................. B1 B+ 8.63 to 02/01/12 6,096,000
8.75 ----------
7,029,750
----------
TRANSPORTATION - RAIL MANUFACTURING 0.8%
12,125 Helm Holding Corp.,
Term Loan .............................................. NR NR 7.22 to 07/08/11 to 12,317,916
11.22 07/08/12 ----------
UTILITIES 4.7%
14,284 Allegheny Energy, Inc.,
Term Loan (b) .......................................... Ba2 BBB- 6.16 to 03/08/11 14,329,903
6.41
4,800 Astoria Generating Co., LP,
Term Loan .............................................. B1 B 6.87 to 08/23/12 to 4,873,499
8.69 02/23/13
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
Principal Bank Loan
Amount Ratings + Stated
(000) Borrower Moody's S&P Coupon Maturity * Value
UTILITIES (CONTINUED)
3,785 Coleto Creek WLE, LP,
Term Loan ............................................... Ba3 BB 6.98 06/30/11 3,824,689
600 La Paloma Generating Co., LLC,
Term Loan ............................................... B2 B 8.48 08/16/13 611,438
1,934 Midwest Generation, LLC,
Term Loan ............................................... Ba3 BB- 6.50 to 04/27/11 1,955,175
6.86
5,985 Mirant North America, LLC,
Term Loan ............................................... Ba3 BB- 6.60 01/03/13 6,042,181
18,018 NRG Energy, Inc.,
Term Loan ............................................... Ba2 BB- 6.82 02/01/13 18,234,534
4,502 Pike Electric, Inc.,
Term Loan ............................................... NR NR 6.38 to 07/01/12 to 4,569,888
6.44 12/10/12
6,300 Primary Energy Operations, LLC,
Term Loan ............................................... NR NR 7.56 08/24/09 6,347,250
2,608 Reliant Energy Resources Corp.,
Term Loan ............................................... NR NR 7.47 04/30/10 2,609,087
4,218 Reliant Energy Resources Corp.,
Revolving Credit Agreement .............................. NR NR 7.78 to 12/22/09 4,080,574
9.63
6,125 Thermal North America, Inc.,
Term Loan ............................................... Ba3 BB- 6.73 10/12/13 6,171,039
----------
73,649,257
----------
TOTAL VARIABLE RATE** SENIOR LOAN INTERESTS 179.2% .......................................................... 2,801,272,867
-------------
DESCRIPTION VALUE
NOTES 2.6%
Boise Cascade, LLC, ($3,700,000 par, 7.94% coupon, maturing 10/15/12) (h).................................. $3,746,250
Builders FirstSource, Inc. ($8,700,000 par, 9.00% coupon, maturing 02/15/12) (h)........................... 9,069,750
Compression Polymers Corp. ($2,700,000 par, 11.44% coupon, maturing 07/01/12) (h).......................... 2,781,000
Del Laboratories, Inc. ($5,400,000 par, 10.15% coupon, maturing 11/01/11) (h).............................. 5,521,500
Insight Health Services Corp. ($4,800,000 par, 10.38% coupon, maturing 11/01/11) (h)....................... 4,464,000
Qwest Corp. ($3,500,000 par, 8.16% coupon, maturing 06/15/13) (h).......................................... 3,828,125
Rogers Wireless Communications, Inc. ($9,000,000 par, 8.04% coupon, maturing 12/15/10) (Canada) (h)........ 9,315,000
US Unwired, Inc. ($1,200,000 par, 9.16% coupon, maturing 06/15/10) (h)..................................... 1,236,000
---------
TOTAL NOTES ............................................................................................... 39,961,625
----------
EQUITIES 0.0%
Aladdin Gaming Holdings, LLC (7.84% Ownership Interest, Acquired 09/30/04, Cost $470,400) (e) (f).......... 41,921
Comdisco Holding Co., Inc. (197 common shares, Acquired 9/30/02, Cost $50) (e) (f).......................... 2,926
Environmental Systems Products Holdings, Inc. (3,275 common shares, Acquired 06/22/04, Cost $0) (e) (f).... 115,378
IDT Corp. (22,898 common shares) (e)....................................................................... 254,168
London Clubs International (Warrants for 141,982 common shares, Acquired 10/15/04, Cost $260,912) (e) (f).. 308,104
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
Neoplan USA Corp. (2,262 preferred shares, Acquired 09/04/03, Cost $1,074,521) (d) (e) (f)................. 0
Neoplan USA Corp. (8,517 common shares, Acquired 09/04/03, Cost $85) (d) (e) (f)........................... 0
Orius Corp. (315,080 common shares, Acquired 02/03/03, Cost $0) (c) (e) (f) (i)............................ 0
SENIOR INCOME TRUST
PORTFOLIO OF INVESTMENTS (CONTINUED)
APRIL 30, 2006 (UNAUDITED)
Planet Hollywood International, Inc. (Warrants for 89,674 common shares, Acquired 09/03/04 & 0
07/22/05, Cost $0) (e) (f)
RailWorks Corp. (Warrants for 865 common shares, Acquired 02/10/03, Cost $0) (e) (f) 0
Rotech Medical Corp. (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
-
TOTAL EQUITIES 0.0% 722,497
-------
TOTAL LONG-TERM INVESTMENTS 181.8% 2,841,956,989
-------------
(Cost $2,832,142,802)
SHORT-TERM INVESTMENTS 5.1%
REPURCHASE AGREEMENT 1.5%
State Street Bank & Trust Corp. ($23,500,000 par collateralized by U.S. Government obligations in a 23,500,000
pooled cash account, interest rate of 4.65%, dated 04/30/06, to be sold on 05/01/06 at $23,503,035) (b)
TIME DEPOSIT 3.6%
State Street Bank & Trust Corp. ($55,620,247 par, 3.75% coupon, dated 04/30/06, to be sold on 05/01/06 55,620,247
at $55,626,041) (b) ----------
TOTAL SHORT-TERM INVESTMENTS 79,120,247
----------
(Cost $79,120,247)
TOTAL INVESTMENTS 186.9% 2,921,077,236
(Cost $2,911,263,049)
Senior Income Trust
Portfolio of Investments (Continued)
April 30, 2006 (Unaudited)
BORROWINGS (36.4%)
(569,000,000)
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (44.8%)
(700,456,570)
LIABILITIES IN EXCESS OF OTHER ASSETS (5.7%)
(88,555,903)
------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0% $1,563,064,763
--------------
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 0.03% 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, 2006.
(i) This borrower is currently in liquidation.
(j) The borrower is in the process of restructuring or amending the terms of this loan.
(k) Subsequent to April 30, 2006, this borrower has filed for protection in federal bankruptcy court.
* 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 20, 2006
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 20, 2006
By: /s/ Phillip G. Goff
--------------------------
Name: Phillip G. Goff
Title: Principal Financial Officer
Date: June 20, 2006