SEC Info - Van Kampen Trust - ‘NSAR-B’ for 6/30/98

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Van Kampen Trust – ‘NSAR-B’ for 6/30/98

As of: Monday, 8/31/98 · For: 6/30/98 · Accession #: 891804-98-1772 · File #: 811-04629

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/31/98  Van Kampen Merritt Trust/IL       NSAR-B      6/30/98   11:42K                                    Kelvyn Press Inc./FA

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: NSAR-B      N-SAR (3.0)                                           18     75K 
 2: EX-99       Accountants Report on Control                          3     15K 
 3: EX-99       Item 77O                                               2      7K 
 4: EX-27       High Yield Fund                                        2±     9K 
 5: EX-27       High Yield Fund                                        2±     9K 
 6: EX-27       High Yield Fund                                        2±     9K 
 7: EX-27       Short Term Global Income Fund                          2±     9K 
 8: EX-27       Short Term Global Income Fund                          2±     9K 
 9: EX-27       Short Term Global Income Fund                          2±     9K 
10: EX-27       Strategic Income Fund                                  2±     9K 
11: EX-27       Strategic Income Fund                                  2±     9K

‘NSAR-B’ — N-SAR (3.0)

SEC Info℠ rendering: Data from the Answer File, which may only contain updates to a prior Form N-SAR

Form N-SAR

Annual Report by an Open-End Investment Company

Report
Registrant: Vkac Trust — List all N-SARs

Annual Report for the 2nd-half period ended at fiscal year end: 6/30/98

Were there any Answer File errors in the Filing? None FoundNone Found by SEC InfoNot Checked by the FilerOne or more Found by SEC Info
Was the Answer File completed by the Registrant? Yes

Is this an Amendment to a previous Report? No
Is this a change to a previous Report? No
Registrant
1. SEC CIK: 791069
SEC File #: 811-04269

Telephone #: 630-684-6000
2. Address: One Parkview Plaza
Oakbrook Terrace, IL 60181
3. Is this the first Form N-SAR filed by the Registrant? No
4. Is this the final Form N-SAR filed by the Registrant? No
Funds/Series ↑Top of Form N-SAR
7. Is the Registrant a Funds/Series (multiple portfolios) company? Yes

The number of separate Funds/Series (portfolios) at period end: 3
The number of separate Funds/Series (portfolios) reported here: 3...

N-SAR S# Fund/Series — Filings for F/S#… ⇒ Symbols
↓Information Common to All
↓ Series 1: Vkac High Yield Fund — N-SARs
↓ Series 2: Vkac Short-Term Global Income Fund — N-SARs
↓ Series 4: Vkac Strategic Income Fund — N-SARs
Family of Investment Companies
19. Is the Registrant/Series part of a “family” of investment companies? Yes

Total number of registered management investment companies, Series
and portfolios (excluding any Unit Investment Trusts) in the family: 117

The Identification Code of the family for Form N-SAR Filings: VANKAMPENA
Investment Company Type
27. Is the Registrant an “open-end” investment company? Yes, Open-End
Additional Disclosures
77. Did the Registrant file any additional Exhibits with the filing of this
Report (listed here and filed either herewith — as one of the ‘EX-99.*’
↑Exhibits in this Filing — or separately and incorporated by reference)? Yes

EX-99.77B: Accountant’s Report re: Internal Controls? Yes

EX-99.77O: Transaction Effected — Rule 10f-3 – ICA’40? Yes

EX-99.77Q1: Other Disclosure? Yes
Subsidiaries
78. Does the Registrant have any wholly-owned investment company
subsidiaries whose operating and financial data are consolidated with
that of the Registrant in this Report? No
All Series ↑List of 3 Funds/Series Reported Here

Information Common to All Funds/Series
All: Investment Adviser
8.1 Name: Van Kampen American Capital Investment Adviso
Role: Adviser
SEC File #: 801-18161
Location: Oakbrook Terrace, IL
All: Principal Underwriter
11.1 Name: Van Kampen American Capital Distributors Inc.
SEC File #: 008-19412
Location: Oakbrook Terrace, IL
All: Shareholder Servicing/Transfer Agent
12.1 Name: Access Investor Services, Inc.
SEC File #: 085-05003
Location: Kansas City, MO
All: Independent Public Accountant
13.1 Name: KPMG Peat Marwick LLP
Location: Chicago, IL
All: Affiliated Broker/Dealer
14.1 Name: Morgan Stanley & Co., Inc.
SEC File #: 008-733537
14.2 Name: Dean Witter Reynolds, Inc.
SEC File #: 008-728181
All: Custodian
15.1 Name: State Street Bank & Trust Co.
Role: Custodian
Location: Boston, MA

Type of custody: Section 17(f)(1) — Bank
18. Does the Registrant’s/Series’ Custodian(s) maintain some or all of the
Registrant’s/Series’ securities in a central depository or book-entry
system pursuant to Rule 17f-4? Yes
All: Brokerage Commissions Paid on Portfolio Transactions
20. The brokers who received the largest amount of gross brokerage
commissions during the period:
20.1 Broker: Donaldson Lufkin Jennrette
IRS #: 13-2741729
Commissions paid ($000s): 19
20.2 Broker: Autranet
IRS #: 13-2961507
Commissions paid ($000s): 1
21. Total brokerage commissions paid by the Registrant during the period:
Aggregate paid ($000s): 20
All: Portfolio Transactions with Entities Acting as Principals
22. The entities acting as principals with whom the Registrant did the
largest amount of portfolio transactions, based on total value of
principal, during the period:
22.1 Entity: State Street Bank & Trust
IRS #: 04-1867445
Registrant’s purchases ($000s): 8,763,898
22.2 Entity: J.P. Morgan
IRS #: 13-3224016
Registrant’s purchases ($000s): 4,234,956
Registrant’s sales ($000s): 64,352
22.3 Entity: Fuji Government Securities Inc.
Registrant’s purchases ($000s): 748,570
Registrant’s sales ($000s): 9,988
22.4 Entity: Prudential Securities
IRS #: 22-2347336
Registrant’s purchases ($000s): 183,378
Registrant’s sales ($000s): 230,996
22.5 Entity: Donaldson Lufkin Jennrette
IRS #: 13-2741729
Registrant’s purchases ($000s): 217,110
Registrant’s sales ($000s): 138,514
22.6 Entity: Paine Webber
IRS #: 13-2638166
Registrant’s purchases ($000s): 213,872
Registrant’s sales ($000s): 136,991
22.7 Entity: Goldman Sachs
IRS #: 13-5108880
Registrant’s purchases ($000s): 182,242
Registrant’s sales ($000s): 139,535
22.8 Entity: Bear Stearns
IRS #: 13-3299429
Registrant’s purchases ($000s): 104,061
Registrant’s sales ($000s): 82,655
22.9 Entity: Autranet
IRS #: 13-2961507
Registrant’s purchases ($000s): 87,633
Registrant’s sales ($000s): 94,323
22.10 Entity: UBS Securities
IRS #: 13-2932996
Registrant’s purchases ($000s): 87,702
Registrant’s sales ($000s): 54,318
23. Total purchase/sale transactions by the Registrant during the period:
Aggregate purchases ($000s): 15,323,631
Aggregate sales ($000s): 1,340,942
All: Holdings of Securities Issued by Registrant’s/Series’ Brokers or Dealers
24. At period end, did the Registrant/Series hold any securities of the
Registrant’s/Series’ regular brokers or dealers, or of the parents of
such brokers or dealers, that derive more than 15% of gross revenue from
securities-related activities? No
All: Considerations which Affected the Participation of Brokers or Dealers
26. Considerations which affected the participation of brokers or dealers or
other entities in commissions or other compensation paid on portfolio
transactions of the Registrant:

Consideration?
Sales of the Registrant’s/Series’ shares ............................... No
Receipt of investment research and statistical info .................... Yes
Receipt of quotations for portfolio valuations ......................... No
Ability to execute portfolio transactions to obtain the best price
and execution ........................................................ Yes
Receipt of telephone line and wire services ............................ No
Broker or Dealer which is an affiliated person ......................... No
An arrangement to return or credit part or all of commissions or
profits thereon...
To an Investment Adviser or Principal Underwriter, or to an
affiliated person of either ...................................... No
To the Registrant .................................................. No
Other .................................................................. No
All: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
37. Did the Registrant/Series impose a redemption fee other than a deferred
or contingent sales load during the period? No
39. Were any account maintenance fees or other administrative fees imposed
directly on shareholders during the period? No
All: Payment Plan for the Distribution of Fund Shares
40. During the period, did the Registrant/Series have a plan of distribution
adopted pursuant to Rule 12b-1? Yes
41. During the period, did the Registrant/Series use its assets directly to
make payments under the 12b-1 plan? Yes
All: Advisory Fee
49. Was the Registrant’s/Series’ advisory fee during the period based solely
on a percentage of its income? No
50. Was the Registrant’s/Series’ advisory fee during the period based on
some combined percentage of its income and assets? No
51. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on its investment performance? No
52. Was the Registrant’s/Series’ advisory fee during the period based in
whole or in part on the assets, income or performance of other
Registrants? No
53. Were the expenses of the Registrant/Series limited or reduced at any
time during the period by some agreement or understanding other than by
Blue Sky Laws? Yes

Was the limitation that applied during the period based on...
Assets? No
Income? Yes
54. Indicated below are whether services were supplied or paid for wholly or
in substantial part by Investment Adviser(s) or Administrator(s) in
connection with the advisory or administrative contract(s) but for which
the Adviser(s) or Administrator(s) are not reimbursed by the Registrant:

Provided to the Registrant?
Occupancy and office rental ............................................ Yes
Clerical and bookkeeping services ...................................... No
Accounting services .................................................... No
Services of independent auditors ....................................... No
Services of outside counsel ............................................ No
Registration and filing fees ........................................... No
Stationery, supplies and printing ...................................... Yes
Salaries & compensation of Registrant’s interested Directors ........... No
Salaries & compensation of Registrant’s disinterested Directors ........ Yes
Salaries & compensation of Registrant’s Officers who aren’t Directors .. No
Reports to current shareholders ........................................ No
Determination of offering and redemption prices ........................ No
Trading department ..................................................... No
Prospectus preparation and printing for current shareholders ........... No
Other .................................................................. No
All: Fidelity Bond in Effect at Fiscal Year End
80. Insurer: Ici Mutual Insurance Co.

Aggregate face amount of coverage for the Registrant/Series on all bonds
on which it is named as an insured ($000s): 65,000
81. Is the bond part of a joint fidelity bond(s) shared with other
investment companies or other entities? Yes

How many other investment companies or other entities are covered by the
bond (counting each Fund/Series as a separate investment company): 117
82. Does the mandatory coverage of the fidelity bond have a deductible? Yes

The amount of the deductible ($000s): 100
83. Were any claims with respect to this Registrant/Series filed under the
bond during the period? No
84. Were any losses incurred with respect to this Registrant/Series that
could have been filed as a claim under the fidelity bond but were not? No
85. Are the Registrant’s/Series’ Officers and Directors covered as Officers
and Directors of the Registrant/Series under any errors and omissions
insurance policy owned by the Registrant/Series or anyone else? Yes

Were any claims filed under such policy during the period with respect
to the Registrant/Series? No
Series 1 ↑Information Common to All Funds/Series ↑List of 3 Funds/Series
7. Name: Vkac High Yield Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 1: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 16,152
Reinvestment of dividends and distributions ................ 1,238
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 13,788
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 6,002
Reinvestment of dividends and distributions ................ 1,190
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 15,322
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 16,440
Reinvestment of dividends and distributions ................ 1,225
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 7,901
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 9,184
Reinvestment of dividends and distributions ................ 1,206
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 18,196
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 9,479
Reinvestment of dividends and distributions ................ 1,219
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 8,290
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 6,866
Reinvestment of dividends and distributions ................ 1,198
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 11,270

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 64,123
Reinvestment of dividends and distributions ................ 7,276
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 74,767

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 38,927
S 1: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 732

The maximum sales load rate in effect at period end as a percentage of
the offering price: 4.75%
The minimum sales load rate in effect at period end as a percentage of
the offering price: 0.0%
31. Net amount retained by the Registrant’s/Series’ Principal Underwriter or
by any underwriter or dealer which is an affiliated person of the
Principal Underwriter thereof from front-end sales loads collected from
sales of the Registrant’s/Series’ shares during the period ($000s): 78

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 654
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 342
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
S 1: Payment Plan for the Distribution of Fund Shares
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... 47
Payments to brokers or dealers ......................................... 53
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 2,197
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 1: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 0.0%
Step-fee rates:
For 1st $000s: 500,000
Annual rate: 0.75%
& Above $000s: 500,000
Annual rate: 0.65%
S 1: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? Yes
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S 1: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? Yes

Was the Registrant/Series a diversified investment company at the end of
the period? Yes
61. The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $500
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 4.1
State and Municipal – tax-free .............. 0.0
Bank certificates of deposit – domestic ..... 0.0
Bank certificates of deposit – foreign ...... 0.0
Bankers acceptances ......................... 0.0
Commercial paper – taxable .................. 0.0
Time deposits ............................... 0.0
Options ..................................... 0.0
All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
State and Municipal – tax-free .............. 0.0
Corporate ................................... 72.7
All other ................................... 19.1

Non-Debt
Investments other than debt securities ...... 2.1%
63. The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0
Years: 7.8
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No
65. In computations of Net Asset Value (NAV) per share, is any part of the
value attributed to instruments identified in Item 64.B (second
question) derived from insurance or guarantees? No
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? No
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 1: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes to both
Writing or investing in options on equities? Yes No
Writing or investing in options on debt securities? Yes No
Writing or investing in options on stock indices? Yes No
Writing or investing in interest rate futures? Yes No
Writing or investing in stock index futures? Yes No
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? Yes No
Writing or investing in other commodity futures? Yes No
Investments in restricted securities? Yes No
Investments in shares of other investment companies? Yes No
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? Yes to both
Loaning portfolio securities? Yes No
Borrowing of money? Yes No
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? Yes No
S 1: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 657,402
Sales ($000s): 607,133

Monthly average Value of portfolio ($000s): 395,220

Percent turnover (lesser of Purchases or Sales, divided by Value): 154%
S 1: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 40,758
Net dividend income .............................................. 952
Account maintenance fees ......................................... –
Net other income ................................................. 1,196

Expenses ($000s)
Advisory fees .................................................... 3,298
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 645
Custodian fees ................................................... 121
Postage .......................................................... –
Printing expenses ................................................ 31
Directors’ fees .................................................. 31
Registration fees ................................................ –
Taxes ............................................................ –
Interest ......................................................... –
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 42
Legal fees ....................................................... 29
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 2,197
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 225
Total expenses ................................................... 6,619

Expense reimbursements ($000s): 440

Net investment income ($000s): 36,727

Realized capital gains ($000s): 10,238
Realized capital losses ($000s): 0

Net unrealized appreciation during the period ($000s): 2,966
Net unrealized depreciation during the period ($000s): 0

Total income dividends for which the record date passed during the
period ($000s): 24,757
Dividends for a second class of shares ($000s): 11,057

Total capital gains distributions for which the record date passed
during the period ($000s): 0
73. Distributions per share for which the record date passed during the
period, shown in fractions of a cent, if so declared:

Dividends from net investment income: $0.8550
Dividends for a second class of shares: $0.7830

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 1: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 214
Repurchase agreements ............................................ 18,002
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 401,095
Preferred, conv. preferred and adjustable-rate preferred stock ... 8,745
Common stock ..................................................... 605
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 24
Receivables from portfolio instruments sold ...................... 8,560
Receivables from affiliated persons .............................. –
Other receivables ................................................ 7,938
All other assets ................................................. 29
Total assets ..................................................... 445,212

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 4,750
Amounts owed to affiliated persons ............................... 381
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 3,020

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 437,061

Number of shares outstanding (000s): 28,360
Number of shares outstanding of a second class of shares (000s): 14,662

Net Asset Value (NAV) per share (to nearest cent): $9.89
NAV per share of a second class of shares (to nearest cent): $9.89

Total number of shareholder accounts: 21,047

Total value of assets in segregated accounts ($000s): 0
75. Monthly average net assets during the period ($000s): 439,873
Series 2 ↑Information Common to All Funds/Series ↑List of 3 Funds/Series
7. Name: Vkac Short-Term Global Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 2: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,741
Reinvestment of dividends and distributions ................ 219
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,371
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,974
Reinvestment of dividends and distributions ................ 215
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,829
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,165
Reinvestment of dividends and distributions ................ 210
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,451
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,685
Reinvestment of dividends and distributions ................ 209
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,092
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,931
Reinvestment of dividends and distributions ................ 208
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,436
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 1,799
Reinvestment of dividends and distributions ................ 203
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 4,022

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 13,295
Reinvestment of dividends and distributions ................ 1,264
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 26,201

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 13,033
S 2: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 3

The maximum sales load rate in effect at period end as a percentage of
the offering price: 3.25%
The minimum sales load rate in effect at period end as a percentage of
the offering price: 0.0%
31. Net amount retained by the Registrant’s/Series’ Principal Underwriter or
by any underwriter or dealer which is an affiliated person of the
Principal Underwriter thereof from front-end sales loads collected from
sales of the Registrant’s/Series’ shares during the period ($000s): 0

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 3
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 10
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
S 2: Payment Plan for the Distribution of Fund Shares
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. 5
Payments to underwriters ............................................... 58
Payments to brokers or dealers ......................................... 42
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 320
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 2: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 0.55%
Step-fee rates:
For 1st $000s: 0
Annual rate: 0.0%
S 2: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? No
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S 2: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

Was the Registrant/Series a diversified investment company at the end of
the period? No
61. The lowest minimum initial investment required by the Registrant/Series
from an investor that is not an employee or otherwise affiliated with
the Registrant/Series, its Investment Adviser, Principal Underwriter or
other affiliated entity: $500
62. Does the Registrant/Series invest primarily in debt securities,
including convertible debt securities, options & futures on debt
securities or indices of debt securities? Yes

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 16.2
State and Municipal – tax-free .............. 0.0
Bank certificates of deposit – domestic ..... 0.0
Bank certificates of deposit – foreign ...... 0.0
Bankers acceptances ......................... 0.0
Commercial paper – taxable .................. 0.0
Time deposits ............................... 0.0
Options ..................................... 0.0
All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 2.0
State and Municipal – tax-free .............. 0.0
Corporate ................................... 39.2
All other ................................... 42.6

Non-Debt
Investments other than debt securities ...... 0.0%
63. The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0
Years: 3.1
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No
65. In computations of Net Asset Value (NAV) per share, is any part of the
value attributed to instruments identified in Item 64.B (second
question) derived from insurance or guarantees? No
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? No
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 2: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes to both
Writing or investing in options on equities? No –
Writing or investing in options on debt securities? Yes No
Writing or investing in options on stock indices? No –
Writing or investing in interest rate futures? Yes No
Writing or investing in stock index futures? No –
Writing or investing in options on futures? Yes No
Writing or investing in options on stock index futures? No –
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes No
Investments in shares of other investment companies? Yes No
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? Yes to both
Loaning portfolio securities? No –
Borrowing of money? No –
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? No –
S 2: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 115,956
Sales ($000s): 135,900

Monthly average Value of portfolio ($000s): 66,320

Percent turnover (lesser of Purchases or Sales, divided by Value): 175%
S 2: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 5,294
Net dividend income .............................................. 14
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 435
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 197
Custodian fees ................................................... 52
Postage .......................................................... –
Printing expenses ................................................ 44
Directors’ fees .................................................. 28
Registration fees ................................................ 54
Taxes ............................................................ 14
Interest ......................................................... 3
Bookkeeping fees paid to anyone performing this service .......... –
Auditing fees .................................................... 64
Legal fees ....................................................... 12
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 484
Amortization of organization expenses ............................ –
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 21
Total expenses ................................................... 1,408

Expense reimbursements ($000s): 15

Net investment income ($000s): 3,915

Realized capital gains ($000s): 0
Realized capital losses ($000s): 267

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 996

Total income dividends for which the record date passed during the
period ($000s): 2,311
Dividends for a second class of shares ($000s): 1,922

Dividends from net investment income: $0.4200
Dividends for a second class of shares: $0.3700

Distribution of capital gains: $0.0000
Other distributions: $0.0400
S 2: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 219
Repurchase agreements ............................................ 10,598
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 54,578
Preferred, conv. preferred and adjustable-rate preferred stock ... 408
Common stock ..................................................... –
Options on equities .............................................. –
Options on all futures ........................................... –
Other investments ................................................ 39
Receivables from portfolio instruments sold ...................... 3,032
Receivables from affiliated persons .............................. –
Other receivables ................................................ 694
All other assets ................................................. 1
Total assets ..................................................... 69,569

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 2,151
Amounts owed to affiliated persons ............................... 129
Senior long-term debt ............................................ –
Other liabilities:
Reverse repurchase agreements .................................. –
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 1,679

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 65,610

Number of shares outstanding (000s): 6,223
Number of shares outstanding of a second class of shares (000s): 2,661

Net Asset Value (NAV) per share (to nearest cent): $7.35
NAV per share of a second class of shares (to nearest cent): $7.35

Total number of shareholder accounts: 5,038

Total value of assets in segregated accounts ($000s): 9,020
75. Monthly average net assets during the period ($000s): 78,997
Series 4 ↑Information Common to All Funds/Series ↑List of 3 Funds/Series
7. Name: Vkac Strategic Income Fund — N-SARs

Is this the final Form N-SAR filed for this Fund/Series? No
S 4: Sales and Repurchases
28. Monthly total Net Asset Value (NAV) of sales and repurchases of the
Registrant’s/Series’ shares:
1st Month of period: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,599
Reinvestment of dividends and distributions ................ 346
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 5,086
2nd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,498
Reinvestment of dividends and distributions ................ 349
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,468
3rd Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 3,048
Reinvestment of dividends and distributions ................ 332
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,605
4th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,809
Reinvestment of dividends and distributions ................ 335
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 2,871
5th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,436
Reinvestment of dividends and distributions ................ 335
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,588
6th Month:
Total NAV of shares sold:
New sales (including exchanges) ............................ 2,923
Reinvestment of dividends and distributions ................ 337
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 3,029

Total of all months: ($000s)
Total NAV of shares sold:
New sales (including exchanges) ............................ 17,313
Reinvestment of dividends and distributions ................ 2,034
Other ...................................................... –
Total NAV of shares redeemed & repurchased (inc. exchanges) .. 20,647

Total NAV of the Registrant’s/Series’ share sales during the period
subject to a sales load ($000s): 6,001
S 4: Sales Load (Front-End or Deferred) and Fees (Redemption or Maintenance)
29. Was a front-end sales load deducted from any share sales during the
period? Yes
30. Total front-end sales loads collected from sales (including exchanges)
by Principal Underwriter or by any underwriter which is an affiliated
person of the Principal Underwriter, of the Registrant’s/Series’ shares
during the period ($000s): 141

Amount by which payout by the Registrant’s/Series’ Principal Underwriter
or by any underwriter which is an affiliated person of the Principal
Underwriter thereof to persons or entities selling the
Registrant’s/Series’ shares exceeded that reported in Item 30 ($000s): 0
32. Amount the Registrant’s/Series’ Principal Underwriter and any
underwriters or dealers which are affiliated persons of the Principal
Underwriter paid to dealers which are not affiliated persons of the
Principal Underwriter for selling the Registrant’s/Series’ shares that
were sold with a front-end sales load during the period ($000s): 113
33. Amount paid to a captive retail sales force of the Registrant’s/Series’
Principal Underwriter or of any underwriter or dealer which is an
affiliated person of the Principal Underwriter for selling the
Registrant’s shares that were sold with a front-end sales load during
the period ($000s): 0
34. Did the Registrant/Series impose a deferred or contingent deferred sales
load during the period? Yes
35. Total deferred or contingent deferred sales loads collected during the
period from redemptions and repurchases of the Registrant’s/Series’
shares ($000s): 236
36. Did the Registrant/Series retain all monies collected from the deferred
or contingent deferred sales loads during the period? Yes
S 4: Payment Plan for the Distribution of Fund Shares
42. For the period, the percentage of total dollars paid directly by the
Registrant/Series under the 12b-1 plan for each of the following:

Percentage of Total Amount Paid (%)
Advertising ............................................................ –
Printing & mailing of prospectuses to other than current shareholders .. –
Payments to underwriters ............................................... 63
Payments to brokers or dealers ......................................... 37
Direct payments to sales personnel ..................................... –
Payments to banks and savings & loans .................................. –
Other uses, including payments to its Investment Adviser separate
from the advisory fee ................................................ –
Unallocated payments made for a combination of such services ........... –
43. Total amount paid directly by the Registrant/Series pursuant to its
12b-1 plan ($000s): 955
44. If an Investment Adviser or other affiliated person of the
Registrant/Series made unreimbursed payments pursuant to the 12b-1 plan,
the total amount of such payments ($000s): 0
S 4: Advisory Fee
45. Did the Registrant/Series have an advisory contract during the period? Yes
46. Did the Registrant/Series pay more than one Investment Adviser directly
for investment advice during the period? No
47. Was the Registrant’s/Series’ advisory fee based solely on a percentage
of its assets? Yes
48. Fee (single rate or step rates) applied to the Registrant’s/Series’
assets based on the advisory contract:
Single-fee rate: 0.0%
Step-fee rates:
For 1st $000s: 500,000
Annual rate: 0.75%
Of next $000s: 500,000
Annual rate: 0.7%
& Above $000s: 1,000,000
Annual rate: 0.65%
S 4: Miscellaneous Info
55. Did the Registrant/Series have any of the following outstanding at any
time during the period which exceeded 1% of aggregate net assets:
Overdrafts? No
Bank loans? Yes
56. During the period, did the Registrant’s/Series’ Investment Adviser(s)
have advisory clients other than investment companies? Yes
57. Did the Registrant/Series adjust the number of its shares outstanding by
means of a stock split or stock dividend? No
S 4: Classification and Asset Allocation
58. Is the Registrant/Series a Separate Account of an insurance company? No
59. Is the Registrant/Series a management investment company? Yes
60. Was the Registrant/Series a diversified investment company at any time
during the period? No

The percentage of net assets in each type at period end:

Debt — Short-Term Maturities
U.S. Treasury ............................... 0.0%
U.S. Government Agency ...................... 0.0
Repurchase agreements ....................... 0.0
State and Municipal – tax-free .............. 0.0
Bank certificates of deposit – domestic ..... 0.0
Bank certificates of deposit – foreign ...... 0.0
Bankers acceptances ......................... 0.0
Commercial paper – taxable .................. 0.0
Time deposits ............................... 0.0
Options ..................................... 0.0
All other ................................... 0.0

Debt — Intermediate & Long-Term Maturities
U.S. Treasury ............................... 23.5%
U.S. Government Agency ...................... 6.1
State and Municipal – tax-free .............. 0.0
Corporate ................................... 82.2
All other ................................... 23.2

Non-Debt
Investments other than debt securities ...... 4.4%
63. The dollar-weighted average portfolio maturity at period end in days or,
if longer than one year, in years (to one decimal place):
Days: 0
Years: 12.4
64. Is the timely payment of principal and interest on any of the
instruments listed in Item 62 insured or guaranteed by an entity other
than the issuer? No
65. In computations of Net Asset Value (NAV) per share, is any part of the
value attributed to instruments identified in Item 64.B (second
question) derived from insurance or guarantees? No
66. Is the Registrant/Series a Fund that usually invests in equity
securities, options & futures on equity securities, indices of equity
securities or securities convertible into equity securities? No
67. Is the Registrant/Series a “balanced” Fund? No
68. Does the Registrant/Series have more than 50% of its net assets at
period end invested in the securities of issuers...
Engaged primarily in production or distribution of precious metals? No
Located primarily in countries other than the United States? No
69. Is the Registrant/Series an index Fund? No
S 4: Investment Practices
70. Activities that are permitted by the Registrant’s/Series’ investment
policies, and which were engaged in during the period:

Activity Permitted Engaged In
Writing or investing in repurchase agreements? Yes to both
Writing or investing in options on equities? No –
Writing or investing in options on debt securities? Yes to both
Writing or investing in options on stock indices? Yes to both
Writing or investing in interest rate futures? Yes to both
Writing or investing in stock index futures? Yes to both
Writing or investing in options on futures? Yes to both
Writing or investing in options on stock index futures? Yes No
Writing or investing in other commodity futures? No –
Investments in restricted securities? Yes to both
Investments in shares of other investment companies? Yes to both
Investments in securities of foreign issuers? Yes to both
Currency exchange transactions? Yes to both
Loaning portfolio securities? Yes to both
Borrowing of money? Yes to both
Purchases/sales by certain exempted affiliated persons? No –
Margin purchases? No –
Short selling? Yes to both
S 4: Portfolio Turnover
71. Portfolio turnover rate for the period:
Purchases ($000s): 859,486
Sales ($000s): 858,570

Monthly average Value of portfolio ($000s): 164,180

Percent turnover (lesser of Purchases or Sales, divided by Value): 524%
S 4: Financial Info — Income and Expenses
72. The number of months covered by the values in Items 72 and 73: 12

Income ($000s)
Net interest income .............................................. 13,355
Net dividend income .............................................. 786
Account maintenance fees ......................................... –
Net other income ................................................. –

Expenses ($000s)
Advisory fees .................................................... 1,263
Administrator fees ............................................... –
Salaries and other compensation .................................. –
Shareholder Servicing Agent fees ................................. 186
Custodian fees ................................................... 86
Postage .......................................................... –
Printing expenses ................................................ 48
Directors’ fees .................................................. 29
Registration fees ................................................ 108
Taxes ............................................................ –
Interest ......................................................... 2,151
Bookkeeping fees paid to anyone performing this service .......... 23
Auditing fees .................................................... 115
Legal fees ....................................................... 17
Marketing/distribution payments, incl. Rule 12b-1 plan payments .. 933
Amortization of organization expenses ............................ 34
Shareholder meeting expenses ..................................... –
Other expenses ................................................... 50
Total expenses ................................................... 5,043

Expense reimbursements ($000s): 119

Net investment income ($000s): 9,217

Realized capital gains ($000s): 0
Realized capital losses ($000s): 1,254

Net unrealized appreciation during the period ($000s): 0
Net unrealized depreciation during the period ($000s): 3,764

Total income dividends for which the record date passed during the
period ($000s): 3,523
Dividends for a second class of shares ($000s): 5,451

Dividends from net investment income: $0.9760
Dividends for a second class of shares: $0.8800

Distribution of capital gains: $0.0000
Other distributions: $0.0000
S 4: Financial Info — Condensed Balance Sheet Data
74. Assets ($000s)
Cash ............................................................. 2,359
Repurchase agreements ............................................ –
Short-term debt securities, other than repurchase agreements ..... –
Long-term debt securities, including convertible debt ............ 169,217
Preferred, conv. preferred and adjustable-rate preferred stock ... 5,445
Common stock ..................................................... 57
Options on equities .............................................. –
Options on all futures ........................................... 584
Other investments ................................................ 290
Receivables from portfolio instruments sold ...................... 7,728
Receivables from affiliated persons .............................. –
Other receivables ................................................ 3,184
All other assets ................................................. 18
Total assets ..................................................... 188,882

Liabilities ($000s)
Payables for portfolio instruments purchased ..................... 4,567
Amounts owed to affiliated persons ............................... 336
Senior long-term debt ............................................ 27,991
Other liabilities:
Reverse repurchase agreements .................................. 29,381
Short sales .................................................... –
Written options ................................................ –
All other liabilities .......................................... 1,243

Equity ($000s)
Senior equity .................................................... –
Net assets of common shareholders ................................ 125,364

Number of shares outstanding (000s): 3,688
Number of shares outstanding of a second class of shares (000s): 6,202

Net Asset Value (NAV) per share (to nearest cent): $12.29
NAV per share of a second class of shares (to nearest cent): $12.29

Total number of shareholder accounts: 6,374

Total value of assets in segregated accounts ($000s): 75,023
75. Monthly average net assets during the period ($000s): 127,493
Signature ↑Top of Form N-SAR
/s/ Nick Dalmaso
Name: Nick Dalmaso
Title: Attorney

↑Top

Filing Submission 0000891804-98-001772 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Van Kampen Trust – ‘NSAR-B’ for 6/30/98

As of: Monday, 8/31/98 · For: 6/30/98 · Accession #: 891804-98-1772 · File #: 811-04629

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Annual Report by an Investment Company — Form N-SAR — ICA’40Filing Table of Contents

‘NSAR-B’ — N-SAR (3.0)

Annual Report by an Investment Company — Form N-SAR — ICA’40
Filing Table of Contents