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 811-6471
Van Kampen Trust For Investment Grade Municipals
(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: 10/31
Date of reporting period: 7/31/06
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 TRUST FOR INVESTMENT GRADE MUNICIPALS
PORTFOLIO OF INVESTMENTS JULY 31, 2006 (UNAUDITED)
PAR
AMOUNT
(000) DESCRIPTION COUPON MATURITY VALUE
MUNICIPAL BONDS 157.9%
ALABAMA 2.2%
$ 3,660 Alabama St Brd Ed Rev & Impt Southn Univ St Cmnty Rfdg
(MBIA Insd) (a) 5.250% 07/01/20 $ 3,900,535
750 Birmingham Baptist Med Ctr AL Baptist Hlth Sys Ser A 5.875 11/15/24 792,067
7,700 Birmingham Baptist Med Ctr AL Baptist Hlth Sys Ser A 5.000 11/15/30 7,661,885
2,250 Jefferson Cnty, AL Ltd Oblig Sch Wt Ser A 5.250 01/01/23 2,354,602
1,000 Jefferson Cnty, AL Ltd Oblig Sch Wt Ser A 5.000 01/01/24 1,024,540
---------------
15,733,629
---------------
ALASKA 1.2%
2,000 Alaska St Hsg Fin Corp Gen Hsg Ser A (FGIC Insd) 5.000 12/01/30 2,051,260
1,250 Alaska St Hsg Fin Corp Gen Hsg Ser A (FGIC Insd) 5.250 12/01/34 1,308,725
3,650 Alaska St Intl Arpt Rev Ser B (Prerefunded @ 10/01/12)
(AMBAC Insd) 5.250 10/01/27 3,933,130
1,575 Matanuska-Susitna Boro, AK Ctf Partn Pub Safety Bldg Lease
(FSA Insd) 5.750 03/01/16 1,673,563
---------------
8,966,678
---------------
ARIZONA 4.6%
1,000 Arizona Hlth Fac Auth Hosp Sys Rev John C Lincoln Hlth
Network (Prerefunded @ 12/01/12) 6.375 12/01/37 1,144,560
4,225 Arizona Tourism & Sports Auth Multipurpose Stad Fac Ser A
(MBIA Insd) 5.375 07/01/23 4,520,158
6,075 Glendale, AZ Indl Dev Auth John C Lincoln Hlth Ser B Rfdg 5.000 12/01/37 6,051,672
3,050 Glendale, AZ Indl Dev Auth Rfdg 5.000 12/01/35 3,047,468
3,500 Maricopa Cnty, AZ Hosp Rev Sun Hlth Corp 5.000 04/01/35 3,506,825
2,800 Phoenix, AZ Civic Impt Corp Arpt Rev Jr Lien (AMT)
(FGIC Insd) 5.375 07/01/29 2,829,792
11,750 University of AZ Med Ctr Corp 5.000 07/01/35 11,772,912
---------------
32,873,387
---------------
ARKANSAS 0.2%
1,395 Washington Cnty, AR Hosp Rev Regl Med Ctr Ser B Rfdg 5.000 02/01/30 1,402,198
---------------
CALIFORNIA 26.6%
1,300 Anaheim, CA Pub Fin Auth Lease Rev Pub Impt Proj Ser C
(FSA Insd) 6.000 09/01/16 1,473,992
11,235 Anaheim, CA Pub Fin Auth Rev Elec Sys Dist Fac Ser A
(FSA Insd) 5.000 10/01/31 11,572,949
1,500 California Cnty, CA Tob Securitization Agy Merced Cnty
Ser A Rfdg 5.125 06/01/38 1,495,215
1,660 California Cnty, CA Tob Securitization Agy Tob Sonoma
Cnty Corp Rfdg 5.000 06/01/26 1,654,721
1,000 California Cnty, CA Tob Securitization Agy Tob Sonoma
Cnty Corp Rfdg 5.250 06/01/45 1,000,270
8,100 California Ed Fac Auth Rev Pepperdine Univ Ser A Rfdg
(FGIC Insd) 5.000 09/01/33 8,315,298
10,380 California Hlth Fac Fin Auth Rev Cedars Sinai Med Ctr Rfdg 5.000 11/15/34 10,495,322
1,200 California Hlth Fac Fin Auth Rev Kaiser Permanente Ser A 5.250 04/01/39 1,239,132
1,500 California Pollutn Ctl Fin Auth Solid Waste Disp Rev
Waste Mgmt Inc Proj Ser B (AMT) 5.000 07/01/27 1,509,975
11,000 California St 5.000 02/01/33 11,196,130
2,500 California St (AMBAC Insd) 5.000 04/01/21 2,592,000
7,345 California St (AMBAC Insd) 5.125 10/01/27 7,482,351
1,000 California St Dept Wtr Res Ctr Vly Proj Rev Wtr Sys Ser X
(FGIC Insd) 5.000 12/01/29 1,028,060
2,000 California St Dept Wtr Res Pwr Ser A (Prerefunded
@ 05/01/12) 6.000 05/01/15 2,248,500
6,500 California St Dept Wtr Res Pwr Ser A (Prerefunded
@ 05/01/12) (AMBAC Insd) 5.375 05/01/18 7,102,680
1,000 California St Pub Wks Brd UCLA Replacement Hosp Ser A
(FSA Insd) 5.375 10/01/20 1,069,640
5,000 California St Rfdg 5.000 08/01/28 5,140,450
5,000 California St Univ Rev & Co Systemwide Ser A (AMBAC Insd) 5.000 11/01/33 5,124,950
1,350 California Statewide Cmnty Dev Auth Rev Daughters of
Charity Hlth Ser A 5.000 07/01/39 1,351,863
9,015 California Statewide Cmnty Dev Auth Rev Daughters of
Charity Hlth Ser A 5.250 07/01/30 9,269,854
3,000 California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist
Hlth Ser A 5.000 03/01/30 3,036,420
3,750 California Statewide Cmnty Dev Auth Rev Hlth Fac Adventist
Hlth Ser A 5.000 03/01/35 3,788,700
3,360 California Statewide Cmnty Dev Auth Rev Sutter Hlth Ser A 5.000 11/15/43 3,381,840
2,300 California Statewide Cmnty Dev Auth Rev Kaiser Permanente
Ser B 5.000 03/01/41 2,312,420
4,000 California Statewide Cmnty Dev Auth Rev Kaiser Permanente
Ser B 5.250 03/01/45 4,113,600
2,000 El Dorado, CA Irr Dist Ctf Ser A (FGIC Insd) 5.000 03/01/21 2,071,920
2,000 Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc Ser A
(MBIA Insd) 5.000 09/01/33 2,058,280
3,000 Florin, CA Res Consv Dist Cap Impt Elk Grove Wtr Svc Ser B
(MBIA Insd) 5.000 03/01/33 3,083,190
2,000 Foothill/Eastern Corridor Agy CA Toll Rd Rev Cap Apprec
Rfdg (MBIA Insd) * 01/15/17 1,185,140
10,750 Foothill/Eastern Corridor Agy CA Toll Rd Rev Sr Lien Ser A
(Escrowed to Maturity) * 01/01/23 5,014,122
3,000 Fremont, CA Uni Sch Dist Ser A (FGIC Insd) 5.000 08/01/25 3,100,680
5,000 Golden St, CA Tob Securitization Corp CA Tob Settlement
Rev Ser A 5.000 06/01/45 5,026,250
4,000 Los Angeles, CA Dept Wtr & Pwr Ser A (FGIC Insd) 5.125 07/01/40 4,114,840
2,000 Los Angeles, CA Wtr & Pwr Rev Pwr Sys Ser B (FSA Insd) 5.000 07/01/28 2,061,800
1,500 Metropolitan Wtr Dist Southn CA Wtrwks Rev Auth Ser B 1
(FGIC Insd) 5.000 10/01/33 1,544,025
4,020 Oakland, CA Uni Sch Dist (FGIC Insd) (a) 5.250 08/01/18 4,284,596
3,500 Palm Springs, CA Fin Auth Lease Rev Convention Ctr Proj
Ser A (MBIA Insd) 5.500 11/01/35 3,806,215
3,000 Port Oakland, CA Ser M (FGIC Insd) 5.250 11/01/18 3,204,510
6,000 Sacramento, CA Muni Util Dist Elec Rev Sacramento Mud
Ser R (MBIA Insd) 5.000 08/15/33 6,180,960
2,000 Salinas, CA Uni High Sch Dist Ser A (MBIA Insd) 5.000 06/01/27 2,062,300
3,000 San Francisco, CA City & Cnty Pub Util Com Wtr Rev Ser A
(MBIA Insd) 5.000 11/01/32 3,083,040
3,000 San Francisco, CA City & Cnty Second Ser Issue 29 B Rfdg
(FGIC Insd) 5.125 05/01/20 3,144,360
1,000 Santa Clara Cnty, CA Brd Ed Ctf Partn Rfdg (MBIA Insd) 5.000 04/01/25 1,029,330
3,000 Temecula, CA Redev Agy Tax Temecula Redev Proj No 1
(MBIA Insd) 5.250 08/01/36 3,107,070
4,700 Tobacco Securitization Auth, Northn CA Tob Settlement Rev Bd Ser A1 5.375 06/01/38 4,772,286
3,550 Tobacco Securitization Auth, Northn CA Tob Settlement Rev Bd Ser A1 5.500 06/01/45 3,615,568
3,800 Tobacco Securitization Auth, Southn CA Tob Settlement Ser A1 5.000 06/01/37 3,720,770
8,000 Tobacco Securitization Auth, Southn CA Tob Settlement Ser A1 5.125 06/01/46 7,852,800
1,600 Turlock, CA Hlth Fac Rev Ctf Partn Emanuel Med Ctr Inc 5.375 10/15/34 1,644,848
2,550 Val Verde, CA Uni Sch Dist & Sch Constr Proj Ser B Rfdg (FGIC Insd) 5.000 01/01/35 2,615,943
---------------
192,381,175
---------------
COLORADO 4.4%
4,000 Adams & Arapahoe Cntys, CO Sch Dist 28 Ser A (FSA Insd) 5.250 12/01/20 4,285,680
2,000 Aurora, CO Ctf Partn (Prerefunded @ 12/01/10) (AMBAC Insd) 5.500 12/01/30 2,134,140
3,405 Colorado Ed & Cultural Fac Auth Rev Impt Charter Sch Rfdg
(XLCA Insd) 5.250 12/01/23 3,598,744
4,650 Colorado Ed & Cultural Fac Auth Rev Student Hsg Univ CO Fndtn Proj
(AMBAC Insd) 5.000 07/01/32 4,753,648
2,000 Colorado Hlth Fac Auth Rev Catholic Hlth Initiatives Ser A
(Escrowed to Maturity) 5.500 03/01/32 2,141,280
3,000 Colorado Hlth Fac Auth Rev Covenant Retirement Cmntys Inc 5.000 12/01/35 2,974,710
1,125 Colorado Hlth Fac Auth Rev Hosp Portercare Adventist Hlth
(Prerefunded @ 11/15/11) 6.500 11/15/31 1,272,656
26 Colorado Hsg Fin Auth Single Family Pgm Sr Ser B1 (AMT) 7.650 11/01/26 26,432
3,000 Colorado Springs, CO Util Rev Sys Sub Lien Impt Ser A Rfdg 5.000 11/15/29 3,057,690
2,650 Colorado Springs, CO Util Rev Sys Sub Lien Impt Ser B 5.000 11/15/30 2,712,222
1,000 El Paso Cnty, CO Ctf Partn Detention Fac Proj Ser B (AMBAC Insd) 5.375 12/01/18 1,071,870
1,805 Lakewood, CO Ctf Partn (Prerefunded @ 12/01/10) (AMBAC Insd) (a) 5.300 12/01/16 1,913,246
1,500 University of CO Hosp Auth Rev Ser A 5.250 11/15/39 1,532,010
---------------
31,474,328
---------------
CONNECTICUT 1.1%
2,750 Bridgeport, CT Ser A Rfdg (FGIC Insd) 5.375 08/15/14 2,962,960
3,580 Connecticut St Spl Oblig Pkg Rev Bradley Intl Arpt Ser A (AMT)
(ACA Insd) 6.600 07/01/24 3,892,319
1,000 Hartford, CT Pkg Sys Rev Ser A (Prerefunded @ 07/01/10) 6.500 07/01/25 1,094,500
---------------
7,949,779
---------------
DELAWARE 0.1%
1,000 Mashantucket Western Pequot Tribe Sub Spl Rev Bd Ser A
(144A - Private Placement) (e) 5.500 09/01/36 1,033,570
---------------
DISTRICT OF COLUMBIA 1.0%
2,775 District of Columbia Hosp Rev Medlantic Hlthcare Ser A Rfdg
(Escrowed to Maturity) (MBIA Insd) 5.250 08/15/12 2,833,497
2,000 District of Columbia Rev Friendship Pub Charter Sch Inc (ACA Insd) 5.750 06/01/18 2,154,480
5 District of Columbia Ser E (FSA Insd) (a) 6.000 06/01/13 5,009
2,000 Metropolitan Washington DC Arpt Auth Sys Ser A (AMT) (FGIC Insd) 5.250 10/01/32 2,058,700
---------------
7,051,686
---------------
FLORIDA 9.8%
3,500 Brevard Cnty, FL Hlth Fac Auth Hlthcare Fac Rev First Inc Proj 5.000 04/01/34 3,540,985
3,180 Dade Cnty, FL Spl Oblig Cap Apprec Ser B Rfdg (Prerefunded
@ 10/01/08) (AMBAC Insd) * 10/01/26 970,790
570 Escambia Cnty, FL Hlth Fac Auth Hlth Fac Rev FL Hlthcare Fac Ln
(AMBAC Insd) 5.950 07/01/20 596,157
1,000 Florida St Brd Ed Lottery Rev Ser A (FGIC Insd) 6.000 07/01/14 1,086,240
2,500 Florida St Brd of Ed Cap Outlay Pub Ed Ser C (Prerefunded
@ 06/01/10) (FGIC Insd) 5.750 06/01/29 2,695,275
1,700 Florida St Brd of Ed Pub Ed Ser A 5.000 06/01/32 1,746,104
7,295 Florida St Dept Trans Tpk Rev Ser A 5.000 07/01/29 7,546,677
5,000 Halifax Hosp Med Ctr FL Hosp Rev Impt Ser A Rfdg 5.000 06/01/38 4,992,550
1,900 Highlands Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Ser C 5.250 11/15/36 1,966,462
1,000 Highlands Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Ser C Rfdg 5.000 11/15/31 1,011,410
3,520 Highlands Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Ser D 5.000 11/15/35 3,557,805
1,000 Highlands Cnty, FL Hlth Fac Auth Rev Hosp Adventist Hlth Ser D 5.375 11/15/35 1,035,620
1,745 Hillsborough Cnty, FL Port Dist Rev Tampa Port Auth Proj Ser A
(AMT) (MBIA Insd) 5.375 06/01/27 1,829,877
1,000 Marion Cnty, FL Sch Brd Ctf Partn (FSA Insd) 5.250 06/01/18 1,066,950
1,500 Miami Beach, FL Stormwtr Rev (FGIC Insd) 5.250 09/01/25 1,565,085
2,000 Miami-Dade Cnty, FL Aviation Miami Intl Arpt (AMT) (FGIC Insd) 5.375 10/01/27 2,085,980
1,720 Miami-Dade Cnty, FL Aviation Miami Intl Arpt (AMT) (FGIC Insd) 5.375 10/01/32 1,788,594
2,000 Miami-Dade Cnty, FL Aviation Ser A (AMT) (FSA Insd) 5.125 10/01/35 2,040,300
2,905 Miami-Dade Cnty, FL Pub Fac Rev Jackson Hlth Sys Ser A (MBIA Insd) 5.000 06/01/31 2,995,839
2,435 Orange Cnty, FL Sch Brd Ctf Partn Ser A (AMBAC Insd) 5.250 08/01/14 2,608,689
2,000 Orange Cnty, FL Tourist Dev Tax Rev (Prerefunded @ 10/01/09)
(AMBAC Insd) 5.500 10/01/31 2,102,560
4,000 Orange Cnty, FL Tourist Dev Tax Rev (Prerefunded @ 10/01/09)
(AMBAC Insd) 5.625 10/01/14 4,219,920
1,655 Reedy Creek Impt Dist FL Ser A Rfdg (AMBAC Insd) 5.500 06/01/11 1,777,156
5,860 Saint Lucie Cnty, FL Sch Brd Ctf Partn (FSA Insd) 5.000 07/01/29 6,036,152
1,210 Saint Lucie Cnty, FL Sch Brd Ctf Ser A (FSA Insd) (a) 5.500 07/01/14 1,306,389
1,000 Tallahassee, FL Lease Rev FL St Univ Proj Ser A (MBIA Insd) (a) 5.500 08/01/17 1,067,030
1,115 Tallahassee, FL Lease Rev FL St Univ Proj Ser A (MBIA Insd) (a) 5.500 08/01/19 1,189,738
1,250 Tampa, FL Hosp Rev Cap Impt H Lee Moffitt Ser A 5.750 07/01/19 1,298,500
2,880 Tampa, FL Occupational License Ser A Rfdg (FGIC Insd) 5.375 10/01/15 3,104,957
1,000 Tampa-Hillsborough Cnty, FL Expwy Auth Rev (AMBAC Insd) 5.000 07/01/25 1,042,450
1,000 Village Ctr Cmnty Dev Dist FL Recreational Rev Ser A (MBIA Insd) 5.125 11/01/36 1,041,030
---------------
70,913,271
---------------
GEORGIA 3.9%
2,285 Albany Dougherty, GA Inner City Auth Rev Albany St Univ Student
Hsg Ser A (XLCA Insd) 5.000 07/01/31 2,353,687
2,000 Atlanta, GA Arpt Passenger Fac Charge Rev Gen Sub Lien Ser C
(FSA Insd) 5.000 01/01/33 2,049,160
2,872 Fulton Cnty, GA Lease Rev (Acquired 12/23/94, Cost $2,872,000) (b) 7.250 06/15/10 2,962,904
1,500 George L Smith II GA World Congress Cent Auth Rev Domed Stadium
Proj Rfdg (AMT) (MBIA Insd) 5.500 07/01/20 1,579,380
2,635 Georgia Muni Elec Auth Pwr Rev Ser A (MBIA Insd) 6.500 01/01/20 3,210,642
3,000 Georgia Muni Elec Auth Pwr Rev Ser B Rfdg (FGIC Insd) 6.250 01/01/17 3,518,610
5,575 Georgia Muni Elec Auth Pwr Rev Ser Y (MBIA Insd) 6.500 01/01/17 6,470,679
240 Georgia Muni Elec Auth Pwr Rev Ser Y (Escrowed to Maturity)
(MBIA Insd) 6.500 01/01/17 281,633
85 Georgia Muni Elec Auth Pwr Rev Ser Y (Prerefunded @ 01/01/14)
(MBIA Insd) 6.500 01/01/17 99,022
2,000 Municipal Elec Auth GA Combustion Turbine Proj Ser A (MBIA Insd) 5.250 11/01/22 2,115,380
2,500 Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc 6.500 07/01/27 2,488,500
800 Royston, GA Hosp Auth Hosp Rev Ctf Hlthcare Sys Inc 6.700 07/01/16 808,856
---------------
27,938,453
---------------
ILLINOIS 11.1%
2,000 Bedford Park, IL Ser A Rfdg (FSA Insd) 5.250 12/15/20 2,142,760
2,000 Chicago, IL Brd of Ed (Prerefunded @ 12/01/10) (FGIC Insd) 5.500 12/01/31 2,135,780
4,000 Chicago, IL Brd of Ed Chicago Sch Reform Ser A (AMBAC Insd) 5.250 12/01/27 4,126,640
1,500 Chicago, IL Lakefront Millennium Pk Fac (MBIA Insd) 5.125 01/01/28 1,533,975
1,500 Chicago, IL O'Hare Intl Arpt Rev Gen Arpt Third Lien
Ser C-2 Rfdg (AMT) (FSA Insd) 5.250 01/01/30 1,544,940
3,000 Chicago, IL O'Hare Intl Arpt Rev Gen Arpt Third Lien
Ser C-2 Rfdg (AMT) (XLCA Insd) 5.250 01/01/34 3,078,570
7,950 Chicago, IL O'Hare Intl Arpt Rev Rols RR II Ser 494
(Inverse Floating Rate) (Acquired 12/16/05 & 02/17/06,
Cost $9,114,004) (MBIA Insd) (b) 5.225 01/01/24 8,940,490
2,500 Chicago, IL O'Hare Intl Arpt Rev Rols RR II R Ser 522
(Inverse Floating Rate) (Acquired 02/24/06, Cost
$2,953,500) (FGIC Insd) (b) 5.225 01/01/23 2,822,600
1,000 Chicago, IL O'Hare Intl Arpt Rev Second Lien Passenger Fac
Ser B (AMBAC Insd) 5.500 01/01/16 1,066,030
2,000 Chicago, IL O'Hare Intl Arpt Rev Second Lien Passenger Fac
Ser B (AMBAC Insd) 5.500 01/01/17 2,129,800
3,500 Chicago, IL Proj Ser A Rfdg (MBIA Insd) (c) 5.000 01/01/31 3,563,805
375 Chicago, IL Proj Ser C Rfdg (FGIC Insd) 5.750 01/01/14 403,819
375 Chicago, IL Proj Ser C Rfdg (FGIC Insd) 5.750 01/01/15 403,819
4,895 Chicago, IL Pub Bldg Comm Bldg Rev Cap Apprec Ser A
(Escrowed to Maturity) (MBIA Insd) * 01/01/07 4,819,470
1,000 Chicago, IL Ser B Rfdg (AMBAC Insd) 5.125 01/01/15 1,059,740
1,000 Cook Cnty, IL Ser A (Prerefunded @ 05/15/11) (FGIC Insd) 5.500 11/15/31 1,074,410
3,230 Cook Cnty, IL Ser A Rfdg (MBIA Insd) 5.625 11/15/16 3,329,678
3,500 Du Page Cnty, IL Fst Presv Dist * 11/01/10 2,949,170
2,310 Illinois Dev Fin Auth Rev Adventist Hlth Ser A (MBIA Insd) 5.500 11/15/13 2,513,349
2,500 Illinois Dev Fin Auth Rev Adventist Hlth Ser A (MBIA Insd) 5.500 11/15/15 2,735,600
1,475 Illinois Dev Fin Auth Rev Loc Govt Pgm Geneva Cmnty 304 Ser B
(FSA Insd) (a) 5.750 01/01/15 1,605,523
1,145 Illinois Dev Fin Auth Rev Loc Govt Pgm Geneva Cmnty 304 Ser B
(FSA Insd) (a) 5.750 01/01/17 1,239,646
3,285 Illinois Dev Fin Auth Rev Presbyterian Home Lake Proj Ser B
(FSA Insd) 6.300 09/01/22 3,356,547
1,330 Illinois Fin Auth Solid Waste Rev Disp Waste Mgmt Inc Proj Ser A
(AMT) 5.050 08/01/29 1,330,000
1,325 Illinois Fin Auth Student Hsg Rev MJH Ed Assistance IV Sr Ser A 5.125 06/01/35 1,323,913
1,250 Illinois Hlth Fac Auth Rev Evangelical Hosp Ser C (FSA Insd) (a) 6.750 04/15/17 1,469,862
700 Illinois Hlth Fac Auth Rev Highland Park Hosp Proj Ser A
(Prerefunded @ 10/01/07) (MBIA Insd) 5.750 10/01/17 729,820
2,275 Illinois Hlth Fac Auth Rev South Suburban Hosp (Escrowed to
Maturity) 7.000 02/15/18 2,695,306
4,750 Illinois Hsg Dev Auth Rev Homeowner Mtg Sub Ser C 2 (AMT) 5.150 08/01/37 4,805,147
1,000 Illinois St (FGIC Insd) 5.250 12/01/20 1,016,010
3,500 Illinois St First Ser (FGIC Insd) 5.375 11/01/14 3,738,105
1,900 Kendall, Kane & Will Cntys, IL Cmnty Unit Sch Dist No 308
Ser B (FGIC Insd) 5.250 10/01/21 2,011,511
250 Metropolitan Pier & Expo Auth IL Dedicated St Tax Rev
McCormick Pl Expn Proj (FGIC Insd) 5.375 12/15/18 263,210
1,250 Sangamon Cnty, IL Ctf Partn 10.000 12/01/06 1,274,775
1,000 Schaumburg, IL Ser B (FGIC Insd) 5.000 12/01/41 1,018,010
---------------
80,251,830
---------------
INDIANA 3.2%
2,560 East Washington, IN Multi Sch Bldg Corp First Mtg (Prerefunded
@ 07/15/12) (FGIC Insd) 5.375 07/15/28 2,769,510
1,660 Indiana Hlth & Ed Fac Fin Auth Hosp Rev Clarian Hlth Oblig Ser A 5.000 02/15/36 1,675,521
3,500 Indiana Hlth fac Fin Auth Hosp Rev Cmnty Proj Ser A (AMBAC Insd) 5.000 05/01/35 3,593,310
4,000 Indiana Hlth Fac Fin Auth Rev Deaconess Hosp Ser A (AMBAC Insd) 5.375 03/01/34 4,218,160
4,000 Indiana Transn Fin Auth Toll Rd Lease Rev Rfdg (AMBAC Insd) 5.375 07/01/09 4,080,000
1,280 North Adams, IN Cmnty Sch Renovation Bldg Corp Cap Apprec First
Mtg (FSA Insd) (a) * 01/15/19 720,269
1,500 Petersburg, IN Pollutn Ctl Rev IN Pwr & Lt (AMT) 5.950 12/01/29 1,587,165
1,605 Richland Beanblossom, IN Sch First Mtg (Prerefunded @ 07/15/11)
(FGIC Insd) (a) 5.500 07/15/12 1,728,136
2,530 Vigo Cnty, IN Sch Bldg Corp First Mtg Impt & Rfdg (FSA Insd) 5.250 07/10/24 2,648,708
---------------
23,020,779
---------------
IOWA 2.2%
1,685 Des Moines, IA Pub Pkg Sys Ser A (FGIC Insd) (a) 5.750 06/01/15 1,798,367
1,785 Des Moines, IA Pub Pkg Sys Ser A (FGIC Insd) (a) 5.750 06/01/16 1,906,398
2,750 Tobacco Settlement Auth IA Tob Settlement Rev Ser C 5.375 06/01/38 2,778,682
6,700 Tobacco Settlement Auth IA Tob Settlement Rev Ser C 5.500 06/01/42 6,828,506
2,750 Tobacco Settlement Auth IA Tob Settlement Rev Ser C 5.625 06/01/46 2,830,740
---------------
16,142,693
---------------
KANSAS 0.6%
3,810 Kansas St Dev Fin Auth Rev KS Proj Ser N (AMBAC Insd) (a) 5.250 10/01/22 4,018,369
---------------
KENTUCKY 1.1%
1,000 Kenton Cnty, KY Arpt Brd Rev Cincinnati/Northn KY Intl Arpt
Ser A Rfdg (AMT) (MBIA Insd) 6.200 03/01/08 1,034,200
3,690 Kenton Cnty, KY Arpt Brd Rev Cincinnati/Northn KY Intl Arpt
Ser A Rfdg (AMT) (MBIA Insd) (a) 6.250 03/01/09 3,885,201
2,450 Louisville & Jefferson Cnty, KY Swr Ser A (MBIA Insd) (a) 5.500 05/15/16 2,658,348
---------------
7,577,749
---------------
LOUISIANA 1.8%
4,395 Ernest N Morial New Orleans, LA Exhib Hall Auth Spl Tax Sub
Ser A (AMBAC Insd) 5.250 07/15/22 4,593,918
3,000 Lafayette, LA Util Rev (MBIA Insd) 5.250 11/01/21 3,197,070
2,470 Louisiana Hsg Fin Agy Rev Azalea Estates Rfdg Ser A (AMT)
(GNMA Collateralized) 5.375 10/20/39 2,528,144
2,580 Louisiana Loc Govt Environmental Rev Southeastn LA Student
Hsg Ser A (MBIA Insd) 5.250 08/01/21 2,727,447
---------------
13,046,579
---------------
MARYLAND 1.3%
1,500 Baltimore, MD Conv Ctr Hotel Rev Drivers Ser 1251 (Inverse
Floating Rate) (Acquired 02/06/06, Cost $1,765,635) (XLCA Insd) (b) 6.530 03/01/14 1,717,005
2,500 Maryland St Hlth & Higher Ed Fac Auth Rev MD Inst College of Art 5.000 06/01/40 2,466,875
2,250 Maryland St Trans Auth Arpt Baltimore/Wash Intl Arpt Ser B (AMT)
(AMBAC Insd) 5.125 03/01/24 2,335,545
2,350 Northeast, MD Waste Disp Auth Rfdg (AMT) (AMBAC Insd) 5.500 04/01/16 2,508,014
---------------
9,027,439
---------------
MASSACHUSETTS 1.4%
500 Massachusetts St Hlth & Ed Fac Auth Rev Hlthcare Sys Covenant Hlth 6.000 07/01/31 535,250
1,000 Massachusetts St Hlth & Ed Fac Auth Rev Partn Hlthcare Sys Ser C 5.750 07/01/32 1,074,520
5,835 Massachusetts St Hlth & Ed Fac Auth Rev Univ MA Mem Issue Ser D 5.000 07/01/33 5,830,449
2,805 Massachusetts St Port Auth Rev Ser A (MBIA Insd) 5.000 07/01/22 2,914,675
---------------
10,354,894
---------------
MICHIGAN 5.4%
3,015 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 * 07/01/17 1,742,489
3,050 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 (a) * 07/01/18 1,666,672
3,050 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 (a) * 07/01/19 1,574,318
3,050 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 (a) * 07/01/22 1,331,844
3,050 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 (a) * 07/01/23 1,262,212
3,050 Detroit, MI Downtown Dev Auth Tax Increment Rev Ser C1 (a) * 07/01/24 1,193,892
2,965 Detroit, MI Wtr Supply Sys Ser C (MBIA Insd) (a) 5.250 07/01/20 3,172,313
3,500 Grand Rapids, MI Downtown Dev Cap Apprec (MBIA Insd) * 06/01/15 2,403,975
2,765 Grand Rapids, MI Downtown Dev Cap Apprec (MBIA Insd) * 06/01/16 1,807,868
2,000 Grand Rapids, MI Wtr Supply Sys Rfdg (FGIC Insd) 5.750 01/01/13 2,152,080
1,180 Hillsdale, MI Hosp Fin Auth Hosp Rev Hillsdale Cmnty Hlth Ctr 5.750 05/15/18 1,228,215
2,000 Kent Hosp Fin Auth MI Rev Metro Hosp Proj Ser A 6.000 07/01/35 2,157,000
4,000 Michigan St Bldg Auth Rev Fac Pgm Ser III Rfdg (FSA Insd) 5.000 10/15/26 4,114,600
2,850 Michigan St Hosp Fin Auth Rev Ascension Hlth Cr Ser A
(Prerefunded @ 11/15/09) (MBIA Insd) 5.750 11/15/18 3,046,679
2,500 Michigan St Strategic Fd Detroit Edison Co Proj Ser A (AMT)
(XLCA Insd) 5.500 06/01/30 2,647,325
2,500 Michigan St Strategic Fd Detroit Edison Co Proj Ser C (AMT)
(XLCA Insd) 5.450 12/15/32 2,615,525
2,500 Michigan St Strategic Fd Detroit Edison Pollutn Ctl Ser B Rfdg
(AMBAC Insd) 4.850 09/01/30 2,590,400
1,000 Michigan St Strategic Fd Detroit Edison Pollutn Ctl Ser B Rfdg
(AMT) 5.650 09/01/29 1,047,020
1,355 Zeeland, MI Pub Sch Bldg & Site (MBIA Insd) (a) 5.250 05/01/21 1,448,197
---------------
39,202,624
---------------
MINNESOTA 1.6%
1,175 Maple Grove, MN Hlthcare Fac North Mem Hlthcare 5.000 09/01/35 1,190,792
5,000 Minneapolis & Saint Paul, MN Metro Arpt Comm Arpt Rev Ser A
(FGIC Insd) 5.125 01/01/31 5,107,200
50 Minnesota Agric & Econ Dev Brd Rev Hlthcare Sys A (MBIA Insd) 5.750 11/15/26 52,042
2,750 Minnesota Agric & Econ Dev Brd Rev Hlthcare Sys A (Prerefunded
@ 11/15/07) (MBIA Insd) 5.750 11/15/26 2,873,860
1,100 Saint Paul, MN Hsg & Redev Auth Hosp Rev Hltheast Proj 6.000 11/15/30 1,193,181
1,250 Saint Paul, MN Hsg & Redev Auth Hosp Rev Hltheast Proj 6.000 11/15/35 1,354,038
---------------
11,771,113
---------------
MISSISSIPPI 0.2%
1,500 Mississippi Hosp Equip & Fac Auth Rev MS Baptist Med Ctr Rfdg
(MBIA Insd) 6.000 05/01/13 1,517,295
---------------
MISSOURI 1.5%
1,500 Cape Girardeau Cnty, MO Indl Dev Auth Hlthcare Fac Rev
Southeast MO Hosp Assoc 5.625 06/01/27 1,543,380
1,250 Cole Cnty, MO Indl Dev Auth Sr Living Fac Rev Lutheran Sr Svc
Heisinger Proj 5.500 02/01/35 1,294,225
1,625 Jefferson Cnty, MO Reorg Sch Dist No R-6 (FGIC Insd) 5.625 03/01/20 1,718,844
1,500 Kansas City, MO Met Cmnty Leasehold Jr College Impt & Rfdg
(FGIC Insd) 5.500 07/01/17 1,601,190
3,275 Missouri JT Muni Elec Util Commn Pwr Proj Rev Plum Point Proj
(MBIA Insd) 5.000 01/01/26 3,416,054
1,250 Saint Charles, MO Ctf Partn Ser B 5.500 05/01/18 1,303,138
---------------
10,876,831
---------------
MONTANA 0.1%
600 Forsyth, MT Pollutn Ctl Rev Northwestn Corp Colstrip Rfdg
(AMBAC Insd) 4.650 08/01/23 600,522
---------------
NEBRASKA 0.4%
2,615 Omaha Pub Pwr Dist NE Elec Rev Sys Ser A 5.000 02/01/34 2,684,899
---------------
NEVADA 3.0%
8,000 Clark Cnty, NV Arpt Rev Sub Lien Ser A-2 (FGIC Insd) 5.000 07/01/36 8,154,160
5,165 Clark Cnty, NV Bd Bk (MBIA Insd) 5.000 06/01/32 5,287,049
3,000 Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj Ser A
(AMT) (AMBAC Insd) 5.250 07/01/34 3,104,910
3,500 Clark Cnty, NV Indl Dev Rev Southwest Gas Corp Proj Ser D
(AMT) (FGIC Insd) 5.250 03/01/38 3,631,670
1,500 Reno, NV Sr Lien Retrac Reno Trans Proj (Prerefunded
@ 06/01/12) (AMBAC Insd) 5.125 06/01/32 1,601,010
---------------
21,778,799
---------------
NEW HAMPSHIRE 0.3%
1,000 New Hampshire Hlth & Ed Fac Auth Rev Derryfield Sch 7.000 07/01/30 1,085,470
1,000 New Hampshire St Bus Fin Auth Wtr Fac Rev Pennichuck Wtrwks Inc
(AMT) (AMBAC Insd) 6.300 05/01/22 1,036,860
---------------
2,122,330
---------------
NEW JERSEY 7.0%
1,000 Bergen Cnty, NJ Impt Auth Sch Dist Rev Wyckoff Twp Brd Ed Proj 5.000 04/01/32 1,037,090
1,200 New Jersey Econ Dev Auth Cig Tax 5.750 06/15/29 1,271,988
1,500 New Jersey Econ Dev Auth Cig Tax 5.750 06/15/34 1,579,950
3,000 New Jersey Econ Dev Auth Rev Motor Vehicle Sur Rev Ser A
(MBIA Insd) 5.000 07/01/23 3,114,030
25,000 New Jersey Econ Dev Auth St Contract Econ Recovery (MBIA Insd) 5.900 03/15/21 29,203,000
3,000 New Jersey St Ed Fac Auth Higher Ed Cap Impt Ser A (AMBAC Insd) 5.250 09/01/19 3,191,460
1,835 New Jersey St Ed Fac Auth Higher Ed Cap Impt Ser A (AMBAC Insd) 5.250 09/01/21 1,944,494
710 New Jersey St Tpk Auth Tpk Rev Ser A (MBIA Insd) 6.000 01/01/11 772,182
290 New Jersey St Tpk Auth Tpk Rev Ser A (Escrowed to Maturity)
(MBIA Insd) 6.000 01/01/11 316,013
6,000 New Jersey St Tpk Auth Tpk Rev Ser C-1 (AMBAC Insd) 5.000 01/01/35 6,107,100
2,095 New Jersey St Trans Tr Fd Auth Trans Sys Ser A 5.750 06/15/17 2,359,599
---------------
50,896,906
---------------
NEW MEXICO 0.2%
1,250 Jicarilla, NM Apache Nation Rev Ser A (Acquired 10/23/03,
Cost $1,275,475) (b) 5.500 09/01/23 1,310,125
---------------
NEW YORK 16.5%
2,980 Erie Cnty, NY Tob Asset Securitization Corp Ser A 5.000 06/01/38 2,921,622
2,700 Long Island Pwr Auth NY Elec Sys Rev Gen Ser B 5.000 12/01/35 2,768,364
3,000 Metropolitan Trans Auth NY Commuter Fac Rev Ser A
(Prerefunded @ 01/01/08) (MBIA Insd) 5.625 07/01/27 3,123,930
3,000 Metropolitan Trans Auth NY Rev Ser A Rfdg (AMBAC Insd) 5.500 11/15/18 3,253,920
2,500 Metropolitan Trans Auth NY Rev Ser A Rfdg (FGIC Insd) 5.250 11/15/31 2,632,450
1,000 Nassau Cnty, NY Tob Settlement Corp Ser A-3 5.000 06/01/35 985,660
2,000 Nassau Cnty, NY Tob Settlement Corp Ser A-3 5.125 06/01/46 1,978,060
5,700 New York City Muni Wtr Fin Auth Wtr & Swr Sys Rev Ser A
(FSA Insd) (a) 5.375 06/15/17 6,098,601
445 New York City Ser C (a) 7.000 08/15/08 446,117
2,000 New York City Ser H 5.750 03/15/13 2,158,180
1,700 New York City Ser I 6.000 04/15/12 1,740,545
16,930 New York City Trans Auth Trans Fac Livingston Plaza Proj Rfdg
(Escrowed to Maturity) (FSA Insd) 5.400 01/01/18 18,664,817
6,000 New York City Trans Future Tax Second Ser A Rfdg (d) 5.500/14.000 11/01/26 6,437,580
5,305 New York City Trans Future Tax Second Ser C (AMBAC Insd) 5.250 08/01/20 5,642,557
2,000 New York City Trans Future Tax Second Ser C (AMBAC Insd) 5.250 08/01/22 2,124,520
4,545 New York City Trans Future Tax Second Ser D (MBIA Insd) 5.250 02/01/21 4,819,336
1,775 New York Cnty Tob Tr IV Settlement Pass Thru Ser A 5.000 06/01/42 1,724,466
2,500 New York St Dorm Auth Lease Rev Muni Hlth Fac Impt Pgm Ser A
(FSA Insd) 5.500 05/15/25 2,579,725
9,635 New York St Dorm Auth Rev City Univ Sys Ser C 7.500 07/01/10 10,416,206
3,000 New York St Dorm Auth Rev Hosp (MBIA Insd) 5.000 08/01/33 3,090,690
2,000 New York St Dorm Auth Rev Sch Dist Fin Pgm Ser D (MBIA Insd) 5.500 10/01/17 2,166,380
3,000 New York St Dorm Auth Rev St Univ Ed Fac (Prerefunded @ 05/15/10)
(FGIC Insd) 5.750 05/15/24 3,240,930
2,000 New York St Dorm Auth Rev St Univ Ed Fac 1989 Res (MBIA Insd) 6.000 05/15/16 2,173,040
1,500 New York St Environmental Fac Revolving Fd Ser C 5.000 07/15/21 1,569,210
2,840 New York St Loc Govt Assistance Corp Ser E Rfdg 6.000 04/01/14 3,216,669
1,500 New York St Urban Dev Corp Rev Proj Cent for Indl Innovation Rfdg 5.500 01/01/13 1,623,975
2,680 Port Auth NY & NJ Cons 119th Ser (AMT) (FGIC Insd) 5.500 09/15/17 2,711,517
3,000 Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt Terminal 6
(AMT) (MBIA Insd) 5.750 12/01/22 3,127,230
3,000 Port Auth NY & NJ Spl Oblig Rev Spl Proj JFK Intl Arpt Terminal 6
(AMT) (MBIA Insd) 5.750 12/01/25 3,070,260
6,000 Tsasc Inc, NY Ser 1 5.000 06/01/34 5,935,560
5,000 Tsasc Inc, NY Ser 1 5.125 06/01/42 4,951,000
1,700 Westchester, NY Tob Asset Securitization Corp 5.125 06/01/38 1,694,577
---------------
119,087,694
---------------
NORTH CAROLINA 5.1%
2,000 Charlotte, NC Ctf Partn Convention Fac Proj Ser A Rfdg 5.500 08/01/19 2,161,760
4,000 North Carolina Eastern Muni Pwr Agy Pwr Sys Rev Ser D 6.750 01/01/26 4,342,040
25,000 North Carolina Muni Pwr Agy No 1 Catawba Elec Rev Rfdg (MBIA Insd) 6.000 01/01/12 27,546,750
2,300 North Carolina Muni Pwr Agy Ser A (MBIA Insd) 5.250 01/01/19 2,439,035
---------------
36,489,585
---------------
NORTH DAKOTA 0.1%
770 North Dakota St Hsg Fin Agy Rev Hsg Fin Pgm Home Mtg Fin Ser B
(AMT) (MBIA Insd) 5.500 07/01/29 779,548
---------------
OHIO 1.6%
1,000 Cleveland, OH Muni Sch Dist (FSA Insd) 5.250 12/01/23 1,062,900
3,000 Columbus, OH City Sch Dist Sch Fac Constr & Impt (FSA Insd) 5.250 12/01/22 3,212,190
2,000 Cuyahoga Cnty, OH Hosp Fac Rev Canton Inc Proj 7.500 01/01/30 2,202,340
1,000 Delaware Cnty, OH Cap Fac (Prerefunded @ 12/01/10) 6.000 12/01/25 1,096,200
1,000 Hamilton, OH One Renaissance Ctr Ser A (AMBAC Insd) 5.500 11/01/16 1,085,030
1,000 Lorain Cnty, OH Hosp Rev Catholic Hlthcare 5.375 10/01/30 1,040,860
2,000 Lorain, OH City Sch Dist Classroom Fac Impt (MBIA Insd) 5.250 12/01/20 2,154,680
---------------
11,854,200
---------------
OKLAHOMA 0.8%
1,505 Alva, OK Hosp Auth Hosp Rev Sales Tax (Radian Insd) 5.250 06/01/25 1,581,394
1,500 Jenks, OK Aquarium Auth Rev First Mtg (Prerefunded @ 07/01/10)
(MBIA Insd) 6.100 07/01/30 1,638,195
1,575 Oklahoma City, OK Arpt Tr Jr Lien 27th Ser B (AMT) (FSA Insd) 5.750 07/01/16 1,659,058
1,000 Oklahoma City, OK Pub Ppty Auth Hotel Tax Rev (FGIC Insd) 5.250 10/01/29 1,059,230
---------------
5,937,877
---------------
OREGON 2.1%
5,350 Oregon Hlth Sciences Univ Insd Ser A (MBIA Insd) 5.250 07/01/22 5,669,074
5,060 Oregon St Dept Admin Ser C Rfdg (MBIA Insd) 5.250 11/01/17 5,356,415
745 Oregon St Vets Welfare Ser 76A 6.050 10/01/28 747,503
1,135 Portland, OR Swr Sys Rev Second Lien Ser A Rfdg (FSA Insd) 5.250 06/01/19 1,213,780
1,985 Portland, OR Urban Renewal & Redev Downtown Wtrfront Ser A
(AMBAC Insd) 5.750 06/15/16 2,138,361
---------------
15,125,133
---------------
PENNSYLVANIA 2.9%
230 Allegheny Cnty, PA San Auth Swr Rev (MBIA Insd) 5.500 12/01/30 244,016
575 Allegheny Cnty, PA Ser C-53 Rfdg (FGIC Insd) 5.500 11/01/14 614,836
3,035 Falls Twp, PA Hosp Auth Hosp Rev DE Vly Med Rfdg (FHA Gtd) 7.000 08/01/22 3,055,426
1,000 Greensburg Salem, PA Sch Dist Rfdg (FGIC Insd) 5.375 09/15/15 1,077,680
60 Penn Hills, PA (Prerefunded @ 12/01/07) (FGIC Insd) 5.900 12/01/17 61,726
1,600 Pennsylvania Hsg Fin Agy Single Family Mtg Rev Ser 94 A (AMT) 5.100 10/01/31 1,615,648
1,000 Pennsylvania St Higher Ed Fac Auth College & Univ Rev Bryn
Mawr College (MBIA Insd) 5.625 12/01/27 1,032,560
2,600 Philadelphia, PA Auth Indl Dev Lease Rev Ser B (FSA Insd) 5.500 10/01/16 2,812,212
1,000 Philadelphia, PA Auth Indl Dev Philadelphia Arpt Sys Proj
Ser A (AMT) (FGIC Insd) 5.125 07/01/19 1,035,530
2,400 Philadelphia, PA Gas Wks Rev 1998 Gen Ordinance Fourth Ser
(FSA Insd) 5.250 08/01/22 2,523,984
2,350 Pittsburgh, PA Ser A (AMBAC Insd) 5.500 09/01/16 2,526,814
2,220 Pittsburgh, PA Ser A (Prerefunded @ 03/01/12) (AMBAC Insd) 5.500 09/01/16 2,405,636
2,000 Ridley Park, PA Hosp Auth Rev Taylor Hosp Ser A (Escrowed
to Maturity) 6.000 12/01/13 2,146,480
---------------
21,152,548
---------------
SOUTH CAROLINA 7.0%
2,275 Beaufort Cnty, SC Tax Increment New Riv Redev Proj Area
(MBIA Insd) (a) 5.500 06/01/19 2,460,822
2,375 Berkeley Cnty, SC Sch Dist Ctf Partn Berkeley Sch Fac Grp Inc
(Escrowed to Maturity) (MBIA Insd) 5.250 02/01/16 2,529,423
6,750 Charleston Ed Excellence Fin Corp SC Rev Rols RR II R Ser 471
(Inverse Floating Rate) (Acquired 12/06/05, Cost $7,386,660) (b) 5.225 12/01/26 7,375,050
5,000 Charleston Ed Excellence Fin Corp SC Rev Rols RR II R Ser 515
(Inverse Floating Rate) (Acquired 02/10/06, Cost $5,725,650)
(AGC Insd) (b) 5.225 12/01/30 5,499,650
5,000 Kershaw Cnty, SC Pub Sch Fndtn Installment Pwr Rev Kershaw
Cnty Sch Dist Proj (CIFG Insd) 5.000 12/01/25 5,152,350
2,080 Laurens Cnty, SC Sch Dist No 55 Installment Pur Rev 5.250 12/01/30 2,134,642
2,300 Medical Univ SC Hosp Auth Fac Rev Mtg Ser A Rfdg (MBIA Insd) 5.250 08/15/25 2,422,383
1,840 Myrtle Beach, SC Hospitality Fee Rev Ser A (FGIC Insd) (a) 5.375 06/01/21 1,978,497
1,935 Myrtle Beach, SC Hospitality Fee Rev Ser A (FGIC Insd) (a) 5.375 06/01/22 2,079,312
1,000 Newberry Invtg in Newberry Cnty Sch Dist Proj 5.000 12/01/30 1,003,630
4,500 South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj
Ser A (AMBAC Insd) 5.200 11/01/27 4,706,550
3,750 South Carolina Jobs Econ Dev Auth Indl Rev Elec & Gas Co Proj
Ser B (AMT) (AMBAC Insd) 5.450 11/01/32 3,922,800
9,290 South Carolina Trans Infrastructure Bk Rev Ser A (AMBAC Insd) 5.000 10/01/33 9,511,288
---------------
50,776,397
---------------
SOUTH DAKOTA 0.6%
2,250 Deadwood, SD Ctf Partn (ACA Insd) 6.375 11/01/20 2,412,945
1,000 South Dakota St Hlth & Ed Fac Auth Rev Childrens Care Hosp Rfdg 6.125 11/01/29 1,047,760
980 South Dakota St Hlth & Ed Fac Auth Vocational Ed Pgm Ser A
(AMBAC Insd) 5.400 08/01/13 1,008,440
---------------
4,469,145
---------------
TENNESSEE 2.3%
4,345 Chattanooga, TN Hlth Ed & Hsg Fac Brd Rev CDFI Phase I LLC Proj
Ser A Rfdg 5.125 10/01/35 4,270,396
6,000 Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn States
Hlth Ser A 5.500 07/01/36 6,265,440
3,500 Johnson City, TN Hlth & Ed Fac Brd Hosp Rev First Mtg Mtn States
Rfdg (MBIA Insd) 7.500 07/01/25 4,244,450
410 Montgomery Cnty, TN Pub Impt Rfdg (FGIC Insd) (a) 5.500 05/01/16 443,538
1,500 Tennessee Hsg Dev Agy Homeownership Prog 2006 (AMT) 5.150 01/01/37 1,519,485
---------------
16,743,309
---------------
TEXAS 12.5%
1,370 Alliance Arpt Auth Inc TX Spl Fac Rev Fedex Corp Proj Rfdg (AMT) 4.850 04/01/21 1,360,533
2,685 Beaumont, TX Wtrwks & Swr Sys (Prerefunded @ 09/01/10)
(FGIC Insd) (a) 6.250 09/01/15 2,931,000
300 Brazos Cnty, TX Hlth Fac Dev Oblig Grp 5.375 01/01/32 310,455
4,000 Dallas-Fort Worth, TX Intl Arpt Rev Jt Impt & Rfdg Ser A (AMT)
(FGIC Insd) 5.500 11/01/31 4,195,200
4,000 Dallas-Fort Worth, TX Intl Arpt Rev Jt Ser A (AMT) (FGIC Insd) 5.750 11/01/30 4,188,080
1,000 Harris Cnty, TX Hlth Fac Dev Mem Hermann Hlthcare Ser A
(Prerefunded @ 06/01/11) 6.375 06/01/29 1,118,180
2,000 Harris Cnty, TX Perm Impt & Rfdg 5.000 10/01/11 2,026,240
4,820 Harris Cnty, TX Toll Rd (Prerefunded @ 08/15/09) (AMBAC Insd) 0.010 08/15/18 2,302,707
1,000 Harris Cnty, TX Toll Rd (Prerefunded @ 08/15/09) (AMBAC Insd) 0.010 08/15/21 388,640
4,000 Harris Cnty, TX Toll Rd Sub Lien Rfdg 5.000 08/01/33 4,040,880
7,250 Harris Cnty-Houston, TX Sports Auth Spl Rev Jr Lien Ser B Rfdg
(MBIA Insd) 5.250 11/15/40 7,527,748
1,000 Houston, TX Arpt Sys Rev Sub Lien Ser A (AMT) (FSA Insd) 5.625 07/01/30 1,050,380
5,105 Houston, TX Hotel Occupancy Tax & Spl Rev Convention & Entmt
Ser B (AMBAC Insd) 5.750 09/01/15 5,528,409
225 Houston, TX Pub Impt & Rfdg (FSA Insd) 5.750 03/01/15 241,029
6,000 Houston, TX Util Sys Rev First Lien Ser A Rfdg (FSA Insd) 5.250 05/15/21 6,389,820
6,000 Houston, TX Util Sys Rev First Lien Ser A Rfdg (FGIC Insd) 5.250 05/15/23 6,373,500
2,750 Lower CO Riv Auth Transmission Proj Corp (FGIC Insd) 5.000 05/15/33 2,790,123
1,500 Mesquite, TX Hlth Fac Dev Retirement Fac Christian Care 5.625 02/15/35 1,540,500
1,500 Mesquite, TX Hlth Fac Dev Retirement Fac Christian Ser A
(Prerefunded @ 02/15/10) 7.500 02/15/18 1,684,380
1,100 Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj 7.200 01/01/21 1,135,860
1,500 Metropolitan Hlth Fac Dev Corp TX Wilson N Jones Mem Hosp Proj 7.250 01/01/31 1,544,670
1,500 North Central, TX Hlth Fac Dev Corp Rev Hosp Baylor Hlthcare Sys
Proj Ser A 5.125 05/15/29 1,520,205
5,750 North Central, TX Hlth Fac Dev Hosp Childrens Med Ctr Dallas
(AMBAC Insd) 5.250 08/15/32 5,980,518
2,165 San Antonio, TX Elec & Gas Rev Sys Rfdg 5.375 02/01/16 2,314,861
2,805 Tarrant Regl Wtr Dist TX Wtr Rev Impt Rfdg (FSA Insd) 5.250 03/01/19 2,981,715
3,272 Texas Muni Pwr Agy Rev (AMBAC Insd) 0.010 09/01/07 3,137,488
253 Texas Muni Pwr Agy Rev (Escrowed to Maturity) (AMBAC Insd) 0.010 09/01/07 242,941
1,610 Texas St Pub Ppty Fin Corp Rev Mental Hlth & Retardation Rfdg
(FSA Insd) 5.500 09/01/13 1,611,948
2,750 Texas St Vets Housing Assistance Pgm Vet Ser B (AMT) (FHA/VA Gtd) 6.100 06/01/31 2,878,783
1,000 Texas Tech Univ Rev Fin Sys Seventh Ser (Prerefunded @ 02/15/12)
(MBIA Insd) 5.000 08/15/25 1,057,370
1,500 Texas Wtr Dev Brd Rev St Revolving Fd Sr Lien Ser B 5.250 07/15/17 1,558,650
3,000 University of TX Univ Rev Fin Sys Ser A 5.250 08/15/20 3,191,880
2,500 University of TX Univ Rev Fin Sys Ser B 5.250 08/15/20 2,659,900
2,300 University of TX Univ Rev Fin Sys Ser C (Prerefunded @ 08/15/11) 5.375 08/15/19 2,458,148
---------------
90,262,741
---------------
UTAH 0.2%
1,000 Salt Lake Cnty, UT College Rev Westminster College Proj 5.750 10/01/27 1,030,120
15 Utah St Hsg Fin Agy Single Family Mtg Mezzanine Issue H1
(AMBAC Insd) 6.000 07/01/12 15,277
50 Utah St Hsg Fin Agy Single Family Mtg Ser B Class 2 (AMT)
(FHA/VA Gtd) 6.250 07/01/14 50,956
---------------
1,096,353
---------------
VIRGINIA 1.2%
1,320 Fairfax Cnty, VA Ctf Partn 5.300 04/15/23 1,394,976
800 Tobacco Settlement Fin Corp VA 5.500 06/01/26 823,904
5,920 Tobacco Settlement Fin Corp VA 5.625 06/01/37 6,148,157
---------------
8,367,037
---------------
WASHINGTON 4.4%
2,500 Energy Northwest WA Elec Rev Proj No 3 Ser A Rfdg (FSA Insd) 5.500 07/01/18 2,686,950
5,360 Energy Northwest WA Elec Rev Proj No 3 Ser B Rfdg (FSA Insd) 6.000 07/01/16 5,952,387
2,500 Goat Hill Ppty WA Lease Rev Govt Office Bldg Proj (MBIA Insd) 5.000 12/01/33 2,553,650
4,400 King Cnty, WA Ser B Rfdg (MBIA Insd) 5.250 01/01/34 4,507,272
1,000 Port Seattle, WA Rev Ser B (AMT) (MBIA Insd) 5.625 02/01/24 1,051,410
1,435 Radford Ct Ppty WA Student Hsg Rev (MBIA Insd) (a) 6.000 06/01/15 1,557,147
1,585 Radford Ct Ppty WA Student Hsg Rev (MBIA Insd) (a) 6.000 06/01/16 1,718,140
1,000 Seattle, WA Muni Lt & Pwr Rev 5.625 12/01/18 1,063,470
1,250 Skagit Cnty, WA Pub Hosp Dist No 001 Skagit Vly Hosp 5.500 12/01/30 1,279,675
2,100 Spokane, WA Pub Fac Dist Hotel (MBIA Insd) 5.750 12/01/21 2,300,697
3,000 Spokane, WA Pub Fac Dist Hotel Motel & Sales Use Tax (MBIA Insd) 5.250 09/01/33 3,134,250
1,000 Spokane, WA Pub Fac Dist Hotel Motel & Sales Use Tax (MBIA Insd) 5.750 12/01/20 1,100,540
1,350 Tacoma, WA Elec Sys Rev Ser A Rfdg (FSA Insd) 5.750 01/01/15 1,463,481
1,650 Tacoma, WA Elec Sys Rev Ser B Rfdg (FSA Insd) 5.500 01/01/12 1,778,139
---------------
32,147,208
---------------
WEST VIRGINIA 0.5%
3,750 West Virginia Univ Rev Impt VA Univ Proj Ser C (FGIC Insd) 5.000 10/01/34 3,865,088
---------------
WISCONSIN 0.7%
2,345 Appleton, WI Wtrwks Rev Rfdg (FGIC Insd) 5.375 01/01/19 2,496,440
510 Badger Tob Asset Securitization Corp WI 6.375 06/01/32 545,726
2,000 Southeast WI Professional Baseball Pk Dist Sales Tax Rev
Ser A Rfdg (MBIA Insd) 5.500 12/15/20 2,254,060
---------------
5,296,226
---------------
WYOMING 0.3%
2,000 Sweetwater Cnty, WY Solid Waste Disp Rev FMC Corp Proj Rfdg (AMT) 5.600 12/01/35 2,091,220
---------------
GUAM 0.8%
5,800 Guam Pwr Auth Rev Ser A (AMBAC Insd) 5.250 10/01/34 6,027,592
---------------
PUERTO RICO 0.8%
1,110 Puerto Rico Comwlth Aqueduct & Swr Auth Rev Rfdg (Comwlth Gtd) 5.000 07/01/15 1,122,177
1,000 Puerto Rico Indl Tourist Ed Med & Environmental Ctl Fac Fin
Auth Higher Ed Rev 5.375 02/01/19 1,020,390
3,500 Puerto Rico Pub Bldg Auth Rev Gtd Govt Fac Ser I (Comwlth Gtd) 5.250 07/01/33 3,620,050
---------------
5,762,617
---------------
TOTAL LONG-TERM INVESTMENTS 157.9%
(Cost $1,090,740,806) 1,141,251,448
SHORT-TERM INVESTMENT 0.2%
(Cost $1,300,000) 1,300,000
---------------
TOTAL INVESTMENTS 158.1%
(Cost $1,092,040,806) 1,142,551,448
OTHER ASSETS IN EXCESS OF LIABILITIES 1.5% 10,961,241
PREFERRED SHARES (INCLUDING ACCRUED DISTRIBUTIONS) (59.6%) (430,627,879)
---------------
NET ASSETS APPLICABLE TO COMMON SHARES 100.0% $ 722,884,810
===============
Percentages are calculated as a percentage of net assets
applicable to common shares.
* Zero coupon bond
(a) The Trust owns 100% of the outstanding bond issuance.
(b) These securities are restricted and may be resold only in
transactions exempt from registration which are normally those
transactions with qualified institutional buyers. Restricted
securities comprise 4.2% of net assets applicable to common
shares.
(c) All or a portion of this security has been physically
segregated in connection with open futures contracts.
(d) Security is a "step-up" bond where the coupon increases or
steps up at a predetermined date.
(e) 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.
ACA - American Capital Access
AGC - AGC Insured Custody Certificates
AGL - Assured Guarantee Ltd.
AMBAC - AMBAC Indemnity Corp.
AMT - Alternative Minimum Tax
CIFG - CDC IXIS Financial Guaranty
COMWLTH - Commonwealth of Puerto Rico
FGIC - Financial Guaranty Insurance Co.
FHA - Federal Housing Administration
FHA/VA - Federal Housing Administration/Department of Veterans
Affairs
FSA - Financial Security Assurance Inc.
GNMA - Government National Mortgage Association
MBIA - Municipal Bond Investors Assurance Corp.
Radian - Radian Asset Assurance
XLCA - XL Capital Assurance Inc.
FUTURES CONTRACTS OUTSTANDING AS OF JULY 31, 2006:
UNREALIZED
APPRECIATION/
SHORT CONTRACTS CONTRACTS DEPRECIATION
U.S. Treasury Notes 10-Year Futures September 06
(Current Notional Value $106,031 per contract) 773 $ (790,199)
========= =============
SWAP AGREEMENTS OUTSTANDING AS OF JULY 31, 2006:
INTEREST RATE SWAPS Unrealized
Pay/Receive Fixed Expiration Notional Appreciation/
Counterparty Floating Rate Index Floating Rate Rate Date Amount (000) Depreciation
------------------------------------------------------------------------------------------------------------------------------------
JP Morgan Chase Bank, N.A. USD-BMA Municipal Swap Index Receive 4.249% 09/28/16 $ 15,400 $ (257,976)
JP Morgan Chase Bank, N.A. USD-BMA Municipal Swap Index Receive 4.474% 10/03/26 15,710 (340,334)
JP Morgan Chase Bank, N.A. USD-BMA Municipal Swap Index Receive 4.480% 09/28/26 14,880 (335,430)
--------------
$ (933,740)
==============
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 Trust For Investment Grade Municipals
By: /s/ Ronald E. Robison
---------------------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: September 21, 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: September 21, 2006
By: /s/ James W. Garrett
---------------------------------
Name: James W. Garrett
Title: Principal Financial Officer
Date: September 21, 2006