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 811-05273
Van Kampen Income Trust
(Exact name of registrant as specified in charter)
1221 Avenue of the Americas, New York, New York 10020
(Address of principal executive offices) (Zip code)
Ronald Robison
1221 Avenue of the Americas, New York, New York 10020
(Name and address of agent for service)
Registrant's telephone number, including area code: 212-762-4000
Date of fiscal year end: 12/31
Date of reporting period: 3/31/06
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:
VAN KAMPEN INCOME TRUST
PORTFOLIO OF INVESTMENTS MARCH 31, 2006 (UNAUDITED)
PAR
AMOUNT
(000) DESCRIPTION COUPON MATURITY VALUE
DOMESTIC CORPORATE BONDS 42.6%
AEROSPACE & DEFENSE 0.4%
$ 400 K & F Acquisition, Inc. 7.750% 11/15/14 $ 407,000
----------------------
AUTOMOTIVE 1.6%
115 Arvin Meritor, Inc. 8.750 03/01/12 113,850
355 Ford Motor Co. 7.450 07/16/31 265,362
270 Ford Motor Credit Co. 5.625 10/01/08 247,052
300 General Motors Acceptance Corp. 4.375 12/10/07 278,339
150 General Motors Acceptance Corp. 6.875 09/15/11 139,966
125 General Motors Corp. 7.125 07/15/13 93,750
620 General Motors Corp. 8.375 07/15/33 457,250
----------------------
1,595,569
----------------------
BUILDING MATERIALS 0.5%
445 NMHG Holdings Co. 10.000 05/15/09 467,250
----------------------
CHEMICALS 2.4%
100 Equistar Chemicals LP 10.625 05/01/11 108,750
240 Huntsman ICI Chemicals LLC 10.125 07/01/09 247,200
211 Innophos Investments (Floating
Rate) 12.749 02/15/15 213,606
190 Innophos, Inc. 8.875 08/15/14 198,550
230 JohnsonDiversey, Inc. 9.625 05/15/12 237,187
55 Koppers, Inc. 9.875 10/15/13 60,500
225 Lyondell Chemical Co. 10.500 06/01/13 250,312
210 Nalco Co. 7.750 11/15/11 213,675
295 Nalco Co. 8.875 11/15/13 308,275
204 Rockwood Specialties Group, Inc. 10.625 05/15/11 224,910
75 Rockwood Specialties Group, Inc.
(EUR) 7.625 11/15/14 94,297
215 Westlake Chemicals Corp. 6.625 01/15/16 213,656
----------------------
2,370,918
----------------------
CONSTRUCTION MACHINERY 0.7%
425 Case New Holland, Inc., 144A -
Private Placement (a) 7.125 03/01/14 421,812
25 Manitowoc Co., Inc. (EUR) 10.375 05/15/11 32,265
214 Manitowoc, Inc. 10.500 08/01/12 238,075
----------------------
692,152
----------------------
CONSUMER PRODUCTS 1.9%
370 Iron Mountain, Inc. 8.625 04/01/13 386,650
545 Levi Strauss & Co. (Floating Rate) 9.280 04/01/12 566,800
120 Oxford Industrials, Inc. 8.875 06/01/11 124,200
250 Phillips Van-Heusen Corp. 7.250 02/15/11 256,250
30 Spectrum Brands, Inc. 7.375 02/01/15 26,250
260 Steinway Musical Instruments, 144A
- Private Placement (a) 7.000 03/01/14 261,300
194 Tempur-Pedic, Inc. 10.250 08/15/10 208,792
----------------------
1,830,242
----------------------
DIVERSIFIED MANUFACTURING 0.5%
250 Hexcel Corp. 6.750 02/01/15 248,750
200 Propex Fabrics, Inc. 10.000 12/01/12 191,000
----------------------
439,750
----------------------
ELECTRIC 2.3%
41 AES Corp. 9.375 09/15/10 44,895
26 AES Corp. 8.875 02/15/11 28,145
160 AES Corp. 7.750 03/01/14 168,800
260 AES Corp., 144A - Private
Placement (a) 9.000 05/15/15 283,400
300 CMS Energy Corp. 7.500 01/15/09 310,125
100 CMS Energy Corp. 6.300 02/01/12 99,000
75 IPALCO Enterprises, Inc. 8.625 11/14/11 82,312
260 Monongahela Power Co. 5.000 10/01/06 259,290
170 Nevada Power Co. 8.250 06/01/11 187,489
140 Nevada Power Co. 9.000 08/15/13 154,892
625 PSEG Energy Holdings 8.625 02/15/08 654,687
----------------------
2,273,035
----------------------
ENVIRONMENTAL & FACILITIES
SERVICES 0.7%
310 Allied Waste North America, Inc. 6.375 04/15/11 304,963
110 Allied Waste North America, Inc. 6.500 11/15/10 109,175
115 Allied Waste North America, Inc. 5.750 02/15/11 110,112
123 Allied Waste North America, Inc., Ser B 9.250 09/01/12 133,301
----------------------
657,551
----------------------
FOOD/BEVERAGE 1.8%
195 Michael Foods, Inc. 8.000 11/15/13 199,631
580 Pilgrim's Pride Corp. 9.625 09/15/11 607,550
330 Pilgrim's Pride Corp. 9.250 11/15/13 334,125
150 Smithfield Foods, Inc. 7.000 08/01/11 150,000
430 Smithfield Foods, Inc., Ser B 8.000 10/15/09 450,425
----------------------
1,741,731
----------------------
GAMING 2.5%
250 Caesars Entertainment 8.875 09/15/08 268,125
520 Isle of Capri Casinos, Inc. 7.000 03/01/14 516,100
405 Las Vegas Sands Corp. 6.375 02/15/15 390,825
725 MGM Mirage, Inc. 6.000 10/01/09 717,750
60 MGM Mirage, Inc. 5.875 02/27/14 56,850
465 Station Casinos, Inc. 6.000 04/01/12 460,931
----------------------
2,410,581
----------------------
HEALTHCARE 4.4%
520 AmerisourceBergen Corp., 144A -
Private Placement (a) 5.625 09/15/12 514,021
200 Community Health Systems, Inc. 6.500 12/15/12 194,750
205 Davita, Inc. 6.625 03/15/13 205,512
225 Fisher Scientific International, Inc. 6.125 07/01/15 220,781
38 Fresenius Medical Care Capital
Trust II 7.875 02/01/08 385,312
240 Fresenius Medical Care Capital
Trust IV 7.875 06/15/11 255,600
140 HCA, Inc. 8.700 02/10/10 150,840
355 HCA, Inc. 8.750 09/01/10 386,830
105 HCA, Inc. 6.300 10/01/12 103,010
240 Medcath Holdings Corp. 9.875 07/15/12 250,800
50 National Nephrology Associates,
Inc., 144A - Private Placement (a) 9.000 11/01/11 55,022
260 Omnicare, Inc. 6.750 12/15/13 260,000
250 Res-Care, Inc. 7.750 10/15/13 252,500
120 Tenet Healthcare Corp. 7.375 02/01/13 110,100
150 Tenet Healthcare Corp. 9.875 07/01/14 152,625
480 Ventas Realty Ltd Partnership 6.750 06/01/10 487,200
335 VWR International, Inc. 6.875 04/15/12 331,650
----------------------
4,316,553
----------------------
HOME CONSTRUCTION 1.2%
85 Goodman Global Holdings, Inc.
(Floating Rate) 7.491 06/15/12 86,912
65 Interface, Inc. 7.300 04/01/08 66,625
75 Interface, Inc. 10.375 02/01/10 82,500
255 Interface, Inc. 9.500 02/01/14 262,650
360 Nortek, Inc. 8.500 09/01/14 368,100
140 Technical Olympic USA, Inc. 9.000 07/01/10 144,200
115 Technical Olympic USA, Inc. 10.375 07/01/12 116,725
----------------------
1,127,712
----------------------
INDEPENDENT ENERGY 0.7%
240 Equistar Chemicals LP 10.125 09/01/08 256,200
465 Massey Energy Co., 144A - Private
Placement (a) 6.875 12/15/13 458,025
----------------------
714,225
----------------------
INTEGRATED ENERGY 2.6%
370 Chaparral Energy, Inc., 144A -
Private Placement (a) 8.500 12/01/15 386,650
385 Chesapeake Energy Corp. 7.500 09/15/13 404,250
100 Chesapeake Energy Corp. 6.375 06/15/15 98,875
260 Chesapeake Energy Corp. 6.625 01/15/16 260,650
350 El Paso Production Holding Co. 7.750 06/01/13 364,437
60 Hanover Compressor Co. 8.625 12/15/10 63,225
95 Hanover Equipment Trust 8.750 09/01/11 99,869
91 Hanover Equipment Trust, Ser A 8.500 09/01/08 93,502
435 Hilcorp Energy Finance Corp., 144A
- Private Placement (a) 7.750 11/01/15 436,088
50 MSW Energy Holdings LLC 8.500 09/01/10 53,250
215 Pacific Energy Partners 7.125 06/15/14 219,838
----------------------
2,480,634
----------------------
LODGING 1.0%
33 HMH Properties, Inc. 7.875 08/01/08 33,413
240 Host Marriott LP 7.125 11/01/13 245,400
500 Host Marriott LP 6.375 03/15/15 494,375
140 Starwood Hotels & Resorts
Worldwide, Inc. 7.875 05/01/12 152,950
----------------------
926,138
----------------------
MEDIA-CABLE 2.4%
400 Cablevision Systems Corp.
(Floating Rate) 8.716 04/01/09 421,500
293 CCH I LLC 11.000 10/01/15 245,021
470 Echostar DBS Corp. 6.375 10/01/11 461,775
200 Echostar DBS Corp. 6.625 10/01/14 194,250
120 General Cable Corp. 9.500 11/15/10 130,200
295 Lin Television Corp. 6.500 05/15/13 278,775
120 Lin Television Corp., Ser B 6.500 05/15/13 113,400
45 PanAmSat Corp. 9.000 08/15/14 47,588
440 PanAmSat Holding Corp. (c) 0/10.375 11/01/14 319,000
1,000 Park N View, Inc., Ser B (d) (e) (f) 13.000 05/15/08 0
135 Renaissance Media Group (c) 0/10.000 04/15/08 135,338
----------------------
2,346,847
----------------------
MEDIA-NONCABLE 1.5%
45 Advanstar Communications, Inc. 10.750 08/15/10 49,163
175 AMC Entertainment, Inc. (Floating Rate) 8.999 08/15/10 181,563
127 Dex Media East LLC 12.125 11/15/12 145,733
171 Dex Media West LLC, Ser B 9.875 08/15/13 190,024
130 Houghton Mifflin Co. 8.250 02/01/11 135,200
370 Houghton Mifflin Co. 9.875 02/01/13 399,600
110 Nebraska Book Co., Inc. 8.625 03/15/12 101,750
275 Primedia, Inc. 8.875 05/15/11 269,500
----------------------
1,472,533
----------------------
METALS 0.7%
85 Foundation, PA Coal Co. 7.250 08/01/14 86,700
390 UCAR Finance, Inc. 10.250 02/15/12 418,275
189 United States Steel Corp. 9.750 05/15/10 205,065
----------------------
710,040
----------------------
NATURAL GAS PIPELINES 0.9%
210 Colorado Interstate Gas Co., 144A
- Private Placement (a) 6.800 11/15/15 214,701
55 Northwest Pipeline Corp. 8.125 03/01/10 58,300
105 Southern Natural Gas Co. 8.875 03/15/10 112,219
470 Williams Cos., Inc. 7.875 09/01/21 507,600
----------------------
892,820
----------------------
NONCAPTIVE-CONSUMER FINANCE 0.3%
255 Residential Capital Corp. 6.375 06/30/10 257,128
----------------------
OIL FIELD SERVICES 1.1%
225 Hanover Compressor Co. 9.000 06/01/14 243,000
170 Hilcorp Energy Finance Corp., 144A
- Private Placement (a) 10.500 09/01/10 188,063
104 Magnum Hunter Resources, Inc. 9.600 03/15/12 112,060
230 MSW Energy Holdings II LLC 7.375 09/01/10 238,050
300 Pogo Producing Co. 6.875 10/01/17 297,750
----------------------
1,078,923
----------------------
PACKAGING 1.0%
180 Crown Americas LLC, 144A - Private
Placement (a) 7.625 11/15/13 187,200
65 Owens-Illinois, Inc. 7.350 05/15/08 65,975
680 Owens-Illinois, Inc. 7.500 05/15/10 691,900
----------------------
945,075
----------------------
PAPER 1.3%
285 Covalence Specialty Material, 144A
- Private Placement (a) 10.250 03/01/16 300,675
230 Graham Packaging Co. 8.500 10/15/12 233,450
285 Graham Packaging Co. 9.875 10/15/14 289,988
350 Graphic Packaging International, Inc. 9.500 08/15/13 329,000
65 Pliant Corp. (d) (e) 11.125 09/01/09 68,738
100 Pliant Corp. (d) (e) 13.000 06/01/10 41,500
45 Pliant Corp. (d) (e) 13.000 06/01/10 18,675
----------------------
1,282,026
----------------------
PHARMACEUTICALS 0.2%
245 Warner Chilcott Corp., 144A -
Private Placement (a) 8.750 02/01/15 244,388
----------------------
RAILROADS 0.6%
505 Amsted Industries, Inc., 144A -
Private Placement (a) 10.250 10/15/11 559,288
----------------------
REFINING 0.4%
390 Vintage Petroleum, Inc. 7.875 05/15/11 405,647
----------------------
RETAIL 1.7%
210 Brown Shoe Co., Inc. 8.750 05/01/12 222,600
480 JC Penny Co., Inc. 8.000 03/01/10 519,158
370 Linens 'N Things, Inc., 144A -
Private Placement (Floating Rate)(a) 10.345 01/15/14 372,775
350 Petro Shopping Center Financial 9.000 02/15/12 353,500
210 Rite Aid Corp. 8.125 05/01/10 215,513
----------------------
1,683,546
----------------------
SERVICES 0.4%
280 Buhrmann US, Inc. 8.250 07/01/14 292,600
100 Buhrmann US, Inc. 7.875 03/01/15 101,750
----------------------
394,350
----------------------
SUPERMARKETS 0.9%
110 Albertson's, Inc. 7.500 02/15/11 111,926
280 Albertson's, Inc. 7.250 05/01/13 277,180
225 Delhaize America, Inc. 8.125 04/15/11 244,021
214 Kroger Co., 144A - Private
Placement (a) 8.500 07/15/17 230,339
----------------------
863,466
----------------------
TECHNOLOGY 0.5%
170 Iron Mountain, Inc. 7.750 01/15/15 172,125
235 Sungard Data Sys, Inc., 144A -
Private Placement (a) 9.125 08/15/13 249,688
20 Sungard Data Sys, Inc., 144A -
Private Placement (Floating Rate) (a) 9.431 08/15/13 21,200
----------------------
443,013
----------------------
TOBACCO 0.6%
570 RJ Reynolds Tobacco Holdings, Inc. 6.500 07/15/10 577,125
----------------------
TRANSPORTATION SERVICES 1.1%
640 Sonic Automotive, Inc. 8.625 08/15/13 643,200
356 TRW Automotive, Inc. 9.375 02/15/13 386,705
----------------------
1,029,905
----------------------
WIRELESS COMMUNICATIONS 1.5%
185 American Tower Corp. 7.500 05/01/12 194,713
190 American Tower Corp. 7.125 10/15/12 198,550
250 Nextel Communications Inc., Ser E 6.875 10/31/13 258,146
145 Rural Cellular Corp. (Floating Rate) 9.410 03/15/10 149,350
235 SBA Communications Corp. (c) 0/9.750 12/15/11 225,600
123 SBA Communications Corp. 8.500 12/01/12 137,145
250 UbiquiTel Operating Co. 9.875 03/01/11 274,375
----------------------
1,437,879
----------------------
WIRELINE COMMUNICATIONS 0.3%
250 Exodus Communications, Inc. (d) (e) (f) 11.250 07/01/08 0
400 Exodus Communications, Inc. (d) (e) (f) 11.625 07/15/10 0
300 Quest Communications International, Inc.
(Floating Rate) 8.249 02/15/09 308,250
----------------------
308,250
----------------------
TOTAL DOMESTIC CORPORATE BONDS 42.6% 41,383,290
----------------------
FOREIGN BONDS AND DEBT SECURITIES (US$) 5.8%
BERMUDA 0.5%
25 Intelsat Subsidiary Hldg Co. Ltd 8.250 01/15/13 25,562
270 Intelsat Subsidiary Hldg Co. Ltd 8.625 01/15/15 280,125
205 Intelsat Subsidiary Hldg Co. Ltd
(Floating Rate) 9.614 01/15/12 209,356
----------------------
515,043
----------------------
CANADA 3.0%
139 Abitibi-Consolidated, Inc. 8.550 08/01/10 140,390
80 Abitibi-Consolidated, Inc. 7.750 06/15/11 77,600
60 Abitibi-Consolidated, Inc. 6.000 06/20/13 51,900
398 CanWest Media, Inc. 8.000 09/15/12 410,027
500 CHC Helicopter Corp. 7.375 05/01/14 512,500
285 Husky Oil Ltd. (Variable Rate
Coupon) (b) 8.900 08/15/28 302,678
90 Jean Coutu Group (PJC), Inc. 7.625 08/01/12 87,975
275 Jean Coutu Group (PJC), Inc. 8.500 08/01/14 253,687
260 Nortel Networks Corp. 4.250 09/01/08 246,675
685 Novelis, Inc.,144A - Private
Placement (a) 7.250 02/15/15 661,025
170 Quebecor World Capital Corp., 144A
- Private Placement (a) 8.750 03/15/16 166,649
----------------------
2,911,106
----------------------
FRANCE 0.3%
115 Compagnie Generale de Geophysique,
SA 7.500 05/15/15 119,025
125 Crown European Holdings SA (EUR) 6.250 09/01/11 161,327
----------------------
280,352
----------------------
GERMANY 0.3%
260 Cognis Deutschland, 144A - Private
Placement (Variable Rate Coupon) (EUR) (a) (b) 7.226 11/15/13 323,746
----------------------
IRELAND 0.2%
100 JSG Funding PLC (EUR) 10.125 10/01/12 136,333
----------------------
LUXEMBOURG 1.2%
345 Cablecom Luxembourg, 144A -
Private Placement (EUR) (a) 9.375 04/15/14 475,575
110 JohnsonDiversey, Inc. (EUR) 9.625 05/15/12 137,303
140 SGL Carbon Luxembourg SA, 144A -
Private Placement (EUR) (a) 8.500 02/01/12 187,049
355 Wind Acquisition Finance SA, 144A
- Private Placement (a) 10.750 12/01/15 385,175
----------------------
1,185,102
----------------------
MEXICO 0.3%
228 Axtel SA 11.000 12/15/13 259,920
----------------------
TOTAL FOREIGN BONDS AND DEBT SECURITIES 5.8% 5,611,602
----------------------
ASSET BACKED SECURITIES 0.4%
303 Federal National Mortgage
Association (Floating Rate) REMIC 5.269 05/28/35 303,360
80 Federal National Mortgage
Association (Floating Rate) REMIC 5.280 05/28/35 80,027
----------------------
TOTAL ASSET BACKED SECURITIES 383,387
----------------------
COLLATERALIZED MORTGAGE
OBLIGATIONS 2.4%
225 Federal Home Loan Mortgage Corp.
(Floating Rate) 5.349 03/15/34 226,353
310 Federal Home Loan Mortgage Corp.
(Floating Rate) REMIC 4.968 09/25/45 311,419
86 Federal Home Loan Mortgage Corp.
(Interest Only) (g) 3.251 03/15/32 4,188
531 Federal Home Loan Mortgage Corp.
(Interest Only) 5.000 09/15/14 to 12/15/16 40,214
88 Federal Home Loan Mortgage Corp.
(Interest Only) 6.000 05/15/30 3,567
266 Federal Home Loan Mortgage Corp.
(Interest Only) REMIC (g) 2.187 06/17/27 10,737
748 Federal National Mortgage
Association (Floating Rate) 4.868 11/25/28 749,032
301 Federal National Mortgage
Association (Floating Rate) 5.018 05/25/35 301,989
296 Federal National Mortgage
Association (Floating Rate) 5.176 12/18/32 298,722
5,020 Federal National Mortgage
Association (Interest Only) 1.519 03/25/36 137,266
245 Federal National Mortgage
Association (Interest Only) 5.500 06/25/26 to 05/25/27 9,864
259 Federal National Mortgage
Association (Interest Only) 6.000 11/25/32 to 07/25/33 45,364
641 Federal National Mortgage
Association (Interest Only) 6.500 06/01/31 to 05/25/33 136,668
44 Federal National Mortgage
Association (Interest Only) 7.000 04/01/32 10,554
37 Federal National Mortgage
Association (Interest Only) 8.000 05/01/30 8,270
24 Federal National Mortgage
Association (Interest Only) REMIC 6.000 08/25/32 3,254
110 Federal National Mortgage
Association (Interest Only) REMIC 7.000 04/25/33 24,616
110 Government National Mortgage
Association (Interest Only) REMIC (g) 2.649 05/16/32 4,157
105 Government National Mortgage
Association (Interest Only) REMIC (g) 3.249 05/16/32 6,917
251 Government National Mortgage
Association (Interest Only) REMIC (g) 3.649 06/16/27 10,463
----------------------
TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS 2.4% 2,343,614
----------------------
MORTGAGE BACKED SECURITIES 18.2%
348 Federal Home Loan Mortgage Corp. 7.500 11/01/29 to 06/01/32 364,526
91 Federal Home Loan Mortgage Corp.
(ARM) 3.542 07/01/34 89,080
239 Federal Home Loan Mortgage Corp.
(ARM) 4.155 08/01/34 236,636
1,150 Federal Home Loan Mortgage Corp.,
April 5.500 TBA 1,142,454
550 Federal National Mortgage
Association (i) 0.250 04/25/36 568,047
864 Federal National Mortgage
Association 6.500 06/01/15 to 01/01/34 883,692
3,919 Federal National Mortgage
Association 7.000 03/01/15 to 12/01/35 4,038,344
538 Federal National Mortgage
Association 7.500 03/01/15 to 09/01/35 561,962
875 Federal National Mortgage
Association (ARM) 2.236 04/01/36 913,691
450 Federal National Mortgage
Association (ARM) 3.267 03/01/36 461,883
112 Federal National Mortgage
Association (ARM) 3.568 07/01/34 111,283
475 Federal National Mortgage
Association (ARM) 4.038 03/01/36 486,008
143 Federal National Mortgage
Association (ARM) 4.114 09/01/34 141,527
121 Federal National Mortgage
Association (ARM) 4.143 10/01/34 120,874
425 Federal National Mortgage
Association (ARM) 4.234 03/01/36 438,592
130 Federal National Mortgage
Association (ARM) 4.251 10/01/34 129,241
404 Federal National Mortgage
Association (ARM) 4.330 02/01/34 398,882
210 Federal National Mortgage
Association (ARM) 4.648 07/01/33 210,123
1,379 Federal National Mortgage
Association (ARM) 4.728 01/01/35 1,366,802
899 Federal National Mortgage
Association (ARM) 5.416 01/01/36 929,189
896 Federal National Mortgage
Association (ARM) 5.610 01/01/36 925,411
500 Federal National Mortgage
Association, April 4.500 TBA 461,250
1,550 Federal National Mortgage
Association, April 7.000 TBA 1,596,500
112 Government National Mortgage
Association 7.000 07/15/29 to 01/15/30 117,040
310 Government National Mortgage
Association 7.500 07/15/23 to 09/15/29 326,506
192 Government National Mortgage
Association 8.000 03/15/17 to 10/15/22 205,210
113 Government National Mortgage
Association 8.500 07/15/24 to 12/15/24 123,188
205 Government National Mortgage
Association 9.000 08/15/16 to 12/15/24 221,744
68 Government National Mortgage
Association 9.500 11/15/09 to 01/15/17 74,057
----------------------
TOTAL MORTGAGE BACKED SECURITIES 18.2% 17,643,742
----------------------
U.S. GOVERNMENT AND GOVERNMENT
AGENCY OBLIGATIONS 3.6%
1,100 Federal Home Loan Mortgage Corp. 7.000 03/15/10 1,173,273
785 Federal National Mortgage
Association 6.625 11/15/30 924,023
1,250 Federal National Mortgage
Association 7.125 06/15/10 1,343,449
100 Federal National Mortgage
Association 7.250 01/15/10 107,234
----------------------
TOTAL U.S. GOVERNMENT AND GOVERNMENT AGENCY OBLIGATIONS 3,547,979
----------------------
UNITED STATES TREASURY
OBLIGATIONS 8.0%
1,600 United States Treasury Bonds 5.250 02/15/29 1,643,376
840 United States Treasury Bonds 6.125 08/15/29 963,309
1,230 United States Treasury Bonds 6.375 08/15/27 1,438,524
1,810 United States Treasury Bonds 7.625 02/15/25 2,366,434
180 United States Treasury Notes (i) 3.875 02/15/13 169,777
1,000 United States Treasury Notes 4.250 11/15/13 960,782
600 United States Treasury Notes (STRIPS) * 05/15/25 227,833
----------------------
TOTAL UNITED STATES TREASURY OBLIGATIONS 7,770,035
----------------------
DESCRIPTION VALUE
EQUITIES 0.0%
Doe Run Resources Corp. (1 Common Stock Warrant) (f) (j) 0
HF Holdings, Inc. (5,260 Common Stock Warrants) (f) (j) 0
Optel, Inc. (500 Common Shares) (f) (j) 0
Park N View, Inc., 144A - Private Placement (1,000 Common
Stock Warrants) (a) (e) (f) (j) 0
XO Holdings, Inc. (148 Common Shares) (j) 584
XO Holdings, Inc., Ser A (297 Common Stock Warrants) (j) 134
XO Holdings, Inc., Ser B (223 Common Stock Warrants) (j) 89
XO Holdings, Inc., Ser C (223 Common Stock Warrants) (j) 56
----------------------
TOTAL EQUITIES 863
----------------------
TOTAL LONG-TERM INVESTMENTS 81.0%
(Cost $80,018,933) 78,684,512
----------------------
SHORT-TERM INVESTMENTS 22.9%
REPURCHASE AGREEMENT 9.4%
State Street Bank & Trust Co. ($9,123,000 par collateralized by
U.S. Government obligations in a pooled cash account, interest rate
of 4.72%, dated 03/31/06, to be sold on 04/03/06 at $9,126,588) 9,123,000
----------------------
U.S. GOVERNMENT AGENCY OBLIGATIONS 13.6%
Federal National Mortgage Association Discount Note ($13,000,000
par, yielding 4.650%, 04/03/06 maturity) 12,996,642
Federal National Mortgage Association Discount Note ($92,000
par, yielding 4.622%, 06/30/06 maturity) 90,937
United States Treasury Bills ($100,000 par, yielding 4.261%,
07/13/06 maturity) (h) 98,781
----------------------
TOTAL 13,186,360
----------------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $22,309,365) 22,309,360
----------------------
TOTAL INVESTMENTS 103.9%
(Cost $102,328,298) 100,993,872
LIABILITIES IN EXCESS OF OTHER ASSETS (3.9%) (3,785,174)
----------------------
NET ASSETS 100.0% $97,208,698
----------------------
Percentages are calculated as a percentage of net assets.
* Zero coupon bond
(a) 144A securities are those which are exempt from registration under
Rule 144A of the Securities Act of 1933, as amended. These
securities may only be resold in transactions exempt from
registration which are normally those transactions with qualified
institutional buyers.
(b) Variable rate security. Interest rate shown is that in effect at
March 31, 2005.
(c) Security is a "step-up" bond where the coupon increases or steps
up at a predetermined date.
(d) Non-income producing as security is in default.
(e) This borrower has filed for protection in federal bankruptcy
court.
(f) Market value is determined in accordance with procedures
established in good faith by the Board of Trustees.
(g) An Inverse Floating Rate security is one where the coupon is
inversely indexed to a short-term floating interest rate
multiplied by a specific factor. As the floating rate rises, the
coupon is reduced. Conversely, as the floating rate declines, the
coupon is increased. The price of these securities may be more
volatile than the price of a comparable fixed rate security. These
instruments are typically used by the Trust to enhance the yield
of the portfolio. All of the Trust's portfolio holdings, including
derivative instruments, are marked to market each day with the
change in value reflected in the unrealized
appreciation/depreciation. Upon disposition, a realized gain or
loss is recognized accordingly.
(h) All or a portion of this security has been physically segregated
in connection with open futures contracts.
(i) Securities purchased on a when-issued or delayed delivery basis.
(j) Non-income producing security.
ARM - Adjustable Rate Mortgage
EUR - Eurodollar
REMIC - Real Estate Mortgage Investment Conduits
STRIPS - Separate Trading of Registered Interest and Principal of
Securities
TBA - To be announced, maturity date has not yet been established.
Upon settlement and delivery of the mortgage pools, maturity date
will be assigned.
FUTURES CONTRACTS OUTSTANDING AS OF MARCH 31, 2006:
UNREALIZED
APPRECIATION/
CONTRACTS DEPRECIATION
LONG CONTRACTS:
U.S. Treasury Notes 10-Year Futures June 2006 (Current Notional Value of
$106,391 per contract) 120 $ (194,000)
SHORT CONTRACTS:
U.S. Treasury Notes 5-Year Futures June 2006 (Current Notional Value of
$104,438 per contract) 51 42,875
U.S. Treasury Notes 2-Year Futures June 2006 (Current Notional Value of
$203,859 per contract) 18 9,544
U.S. Treasury Bonds Futures June 2006 (Current Notional Value of $109,156
per contract) 2 3,432
---------- ------------
71 $ 55,851
---------- ------------
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AS OF MARCH 31, 2006:
UNREALIZED
APPRECIATION/
IN EXCHANGE FOR CURRENT VALUE DEPRECIATION
SHORT CONTRACTS:
Euro Currency
874,000 expiring 6/27/06 US $ $ 1,064,836 $ (11,492)
125,000 expiring 6/27/06 US $ 152,294 (1,643)
259,000 expiring 6/27/06 US $ 315,552 (3,374)
------------------ ----------------
$ 1,532,682 $ (16,509)
------------------ ----------------
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 Income Trust
By: /s/ Ronald E. Robison
---------------------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: May 18, 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: May 18, 2006
By: /s/ Phillip G. Goff
---------------------------------
Name: Phillip G. Goff
Title: Principal Financial Officer
Date: May 18, 2006