Regulatory Filings • Jul 30, 2012
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-06537
Invesco Van Kampen Trust for Investment Grade New York Municipals
(Exact name of registrant as specified in charter)
1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Address of principal executive offices) (Zip code)
Colin Meadows 1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Name and address of agent for service)
Registrants telephone number, including area code: (713) 626-1919
Date of fiscal year end: 2/28
Date of reporting period: 5/31/12
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link2 "Item 1. Schedule of Investments"
Item 1. Schedule of Investments.
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Invesco Van Kampen Trust for Investment Grade New York Municipals Quarterly Schedule of Portfolio Holdings May 31, 2012
invesco.com/us VK-CE-IGNYM-QTR-1 05/12 Invesco Advisers, Inc.
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Schedule of Investments May 31, 2012 (Unaudited)
| Interest | Maturity | Principal — Amount | ||
|---|---|---|---|---|
| Rate | Date | (000) | Value | |
| Municipal Obligations158.91% | ||||
| New York146.14% | ||||
| Albany (City of) Industrial Development Agency (St. Peters Hospital); Series 2008 D, Civic Facility RB | 5.75 % | 11/15/27 | $ 1,000 | $ 1,113,790 |
| Albany Capital Resource Corp. (St. Peters Hospital); Series 2011, RB | 6.25 % | 11/15/38 | 1,860 | 2,174,414 |
| Battery Park City Authority; Series 2009 B, Sr. RB | 5.00 % | 11/01/34 | 3,200 | 3,819,680 |
| Brooklyn Arena Local Development Corp. (Barclays Center); | ||||
| Series 2009, PILOT CAB RB (a) | 0.00 % | 07/15/34 | 6,700 | 2,085,911 |
| Series 2009, PILOT RB | 6.25 % | 07/15/40 | 825 | 926,855 |
| Series 2009, PILOT RB | 6.38 % | 07/15/43 | 825 | 931,772 |
| Chautauqua (County of) Industrial Development Agency (NRG Energy, Inc. Dunkirk Power LLC); Series 2009, Exempt Facility RB | 5.88 % | 04/01/42 | 2,340 | 2,580,482 |
| Dutchess (County of) Industrial Development Agency (Elant at Fishkill, Inc.); Series 2007 A, Civic Facility RB | 5.25 % | 01/01/37 | 920 | 813,041 |
| East Rochester (Village of) Housing Authority (Woodland Village, Inc.); Series 2006, Ref. Senior Living RB | 5.50 % | 08/01/33 | 2,400 | 2,292,960 |
| Erie (County of) Industrial Development Agency (City of Buffalo School District); | ||||
| Series 2011 A, School Facility RB (b) | 5.25 % | 05/01/28 | 2,500 | 2,912,700 |
| Series 2011 A, School Facility RB (b) | 5.25 % | 05/01/30 | 2,305 | 2,664,142 |
| Essex (County of) Industrial Development Agency (International Paper); Series 2005 A, Ref. Solid Waste Disposal RB (c) | 5.20 % | 12/01/23 | 2,150 | 2,209,663 |
| Hempstead Town Local Development Corp. (Molloy College); Series 2009, RB | 5.75 % | 07/01/39 | 2,655 | 2,921,004 |
| Hudson Yards Infrastructure Corp.; Series 2011 A, RB | 5.75 % | 02/15/47 | 1,695 | 1,954,911 |
| Long Island Power Authority; | ||||
| Series 2006 E, Electric System General RB | 5.00 % | 12/01/17 | 1,975 | 2,302,337 |
| Series 2009 A, Electric System General RB | 6.25 % | 04/01/33 | 1,860 | 2,251,344 |
| Madison (County of) Industrial Development Agency (Morrisville State College Foundation); Series 2005 A, Civic Facility RB (INS-CIFG) (d) | 5.00 % | 06/01/28 | 1,000 | 1,013,010 |
| Madison (County of) Industrial Development Agency (Oneida Health Systems, Inc.); Series 2007, Civic Facility RB | 5.50 % | 02/01/32 | 750 | 763,350 |
| Metropolitan Transportation Authority; | ||||
| Series 2005 B, RB (INS-BHAC) (b)(d) | 5.00 % | 11/15/31 | 10,000 | 11,122,400 |
| Series 2009 B, Dedicated Tax Fund RB | 5.25 % | 11/15/27 | 1,535 | 1,784,775 |
| Subseries 2011 B-2, Dedicated Tax Fund RB | 5.00 % | 11/15/32 | 1,000 | 1,155,120 |
| Monroe County Industrial Development Corp. (Nazareth College of Rochester); Series 2011, RB | 5.50 % | 10/01/41 | 700 | 767,074 |
| Monroe County Industrial Development Corp. (University of Rochester); Series 2011 A, RB | 5.00 % | 07/01/36 | 1,605 | 1,779,704 |
| Nassau (County of) Industrial Development Agency (Amsterdam at Harborside); Series 2007 A, Continuing Care Retirement Community RB | 6.70 % | 01/01/43 | 5,000 | 3,262,450 |
| New York & New Jersey (States of) Port Authority (JFK International Air Terminal LLC); | ||||
| Series 1997, Special Obligation RB (INS-NATL) (c)(d) | 5.75 % | 12/01/22 | 2,000 | 2,000,420 |
| Series 1997 6, Special Obligation RB (INS-NATL) (c)(d) | 5.75 % | 12/01/25 | 2,500 | 2,500,275 |
| Series 2010, Special Obligation RB | 6.00 % | 12/01/42 | 1,540 | 1,713,635 |
| New York & New Jersey (States of) Port Authority; | ||||
| One Hundred Fifty-Second Series 2008, Consolidated RB (b)(c) | 5.00 % | 11/01/25 | 10,000 | 11,056,700 |
| One Hundred Forty-Fourth Series 2006, Consolidated RB (b) | 5.00 % | 10/01/35 | 10,000 | 11,334,700 |
| New York (City of) Industrial Development Agency (IAC/InterActive Corp.); Series 2005, Liberty RB | 5.00 % | 09/01/35 | 3,440 | 3,525,415 |
| New York (City of) Industrial Development Agency (New York Stock Exchange); Series 2009 A, Ref. Special Facility RB | 5.00 % | 05/01/21 | 2,445 | 2,873,755 |
| New York (City of) Industrial Development Agency (Polytechnic University); Series 2007, Ref. Civic Facility RB (INS-ACA) (d) | 5.25 % | 11/01/37 | 3,500 | 3,673,845 |
| New York (City of) Industrial Development Agency (Staten Island University Hospital); Series 2001 B, Civic Facility RB (e)(f) | 6.38 % | 07/01/12 | 1,670 | 1,678,400 |
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| Interest | Maturity | Principal — Amount | ||
|---|---|---|---|---|
| Rate | Date | (000) | Value | |
| New York(continued) | ||||
| New York (City of) Industrial Development Agency (Terminal One Group Association, L.P.); | ||||
| Series 2005, Special Facility RB (c)(g) | 5.50 % | 01/01/19 | $ 3,710 | $ 4,026,092 |
| Series 2005, Special Facility RB (c)(g) | 5.50 % | 01/01/20 | 3,000 | 3,225,960 |
| Series 2005, Special Facility RB (c)(g) | 5.50 % | 01/01/21 | 4,000 | 4,288,680 |
| New York (City of) Industrial Development Agency (YMCA of Greater New York); Series 1997, Civic Facility RB | 5.80 % | 08/01/16 | 920 | 922,861 |
| New York (City of) Municipal Water Finance Authority; | ||||
| Series 2005 C, Water & Sewer System RB (b) | 5.00 % | 06/15/31 | 10,000 | 11,046,900 |
| Series 2005 D, Water & Sewer System RB (b) | 5.00 % | 06/15/37 | 12,000 | 13,188,480 |
| Series 2009 FF-2, Water & Sewer System RB | 5.50 % | 06/15/40 | 1,500 | 1,730,685 |
| New York (City of) Transitional Finance Authority; | ||||
| Series 2008 S-1, Building Aid RB | 5.50 % | 07/15/38 | 2,950 | 3,348,102 |
| Series 2008 S-2, Building Aid RB | 6.00 % | 07/15/33 | 1,350 | 1,592,703 |
| Series 2009 S-3, Building Aid RB (b) | 5.25 % | 01/15/27 | 4,500 | 5,219,550 |
| Series 2009 S-3, Building Aid RB (b) | 5.25 % | 01/15/39 | 2,000 | 2,237,160 |
| Subseries 2011 D-1, Future Tax Sec. RB (b) | 5.00 % | 11/01/33 | 12,000 | 13,844,040 |
| Subseries 2011 E, Future Tax Sec. RB | 5.00 % | 11/01/24 | 1,135 | 1,373,940 |
| New York (City of) Trust for Cultural Resources (American Museum of Natural History); Series 2004 A, Ref. RB (INS-NATL) (b)(d) | 5.00 % | 07/01/44 | 10,890 | 11,216,264 |
| New York (City of) Trust for Cultural Resources (Carnegie Hall); Series 2009 A, RB | 5.00 % | 12/01/39 | 1,500 | 1,636,440 |
| New York (City of) Trust for Cultural Resources (Lincoln Center); Series 2008 A-1, Ref. VRD RB (LOC-JP Morgan Chase & Co.) (h)(i) | 0.20 % | 12/01/35 | 6,770 | 6,770,000 |
| New York (City of) Trust for Cultural Resources (Museum of Modern Art); Series 2008 1A, Ref. RB | 5.00 % | 04/01/31 | 1,550 | 1,728,963 |
| New York (City of); | ||||
| Subseries 1993 A-7, VRD Unlimited Tax GO Bonds (LOC-JPMorgan Chase Bank, N.A.) (i) | 0.19 % | 08/01/20 | 1,000 | 1,000,000 |
| Subseries 2008 F-1, Unlimited Tax GO Bonds | 5.50 % | 11/15/28 | 3,300 | 3,859,977 |
| Subseries 2008 I-1, Unlimited Tax GO Bonds (b) | 5.00 % | 02/01/26 | 10,000 | 11,585,400 |
| Subseries 2008 L-1, Unlimited Tax GO Bonds (b) | 5.00 % | 04/01/27 | 10,000 | 11,249,400 |
| Subseries 2009 I-1, Unlimited Tax GO Bonds | 5.25 % | 04/01/32 | 4,000 | 4,631,080 |
| New York (State of) Dormitory Authority (Brooklyn Law School); Series 2003 B, RB (INS-SGI) (d) | 5.38 % | 07/01/23 | 2,340 | 2,412,563 |
| New York (State of) Dormitory Authority (Catholic Health Services of Long Island St. Francis Hospital); Series 2004, RB | 5.00 % | 07/01/27 | 2,200 | 2,251,876 |
| New York (State of) Dormitory Authority (City of New York); Series 2005 A, Court Facilities Lease RB (INS-AMBAC) (d) | 5.50 % | 05/15/30 | 1,750 | 2,250,430 |
| New York (State of) Dormitory Authority (Convent of The Sacred Heart); Series 2011, RB (INS-AGM) (d) | 5.75 % | 11/01/40 | 1,255 | 1,477,537 |
| New York (State of) Dormitory Authority (Cornell University); Series 2010 A, RB | 5.00 % | 07/01/40 | 1,000 | 1,128,430 |
| New York (State of) Dormitory Authority (Education); Series 2008 B, State Personal Income Tax RB | 5.75 % | 03/15/36 | 2,150 | 2,560,800 |
| New York (State of) Dormitory Authority (Fashion Institute of Technology Student Housing Corp.); Series 2007, RB (INS-NATL) (d) | 5.25 % | 07/01/28 | 1,655 | 1,899,659 |
| New York (State of) Dormitory Authority (Fordham University); | ||||
| Series 2008 B, RB (INS-AGC) (d) | 5.00 % | 07/01/33 | 915 | 996,133 |
| Series 2011 A, RB | 5.13 % | 07/01/29 | 500 | 571,310 |
| New York (State of) Dormitory Authority (General Purpose); Series 2011 A, State Personal Income Tax RB (b) | 5.00 % | 03/15/30 | 2,400 | 2,807,736 |
| New York (State of) Dormitory Authority (Maimonides Medical Center); Series 2004, Mortgage Hospital RB (INS-NATL) (d) | 5.00 % | 08/01/33 | 1,950 | 2,085,369 |
| New York (State of) Dormitory Authority (Manhattan College); Series 2007 A, RB (INS-Radian) (d) | 5.00 % | 07/01/41 | 2,315 | 2,342,849 |
| New York (State of) Dormitory Authority (Memorial Sloan-Kettering Cancer Center); Series 1998, RB (INS-NATL) (d) | 5.50 % | 07/01/23 | 3,750 | 4,873,237 |
| New York (State of) Dormitory Authority (Mount Sinai Hospital Obligated Group); Series 2011 A, RB | 5.00 % | 07/01/31 | 1,695 | 1,850,635 |
| New York (State of) Dormitory Authority (Mount Sinai School of Medicine of New York University); Series 2009, RB | 5.13 % | 07/01/39 | 1,750 | 1,902,390 |
| New York (State of) Dormitory Authority (New York University); | ||||
| Series 2001 1, RB (INS-AMBAC) (d) | 5.50 % | 07/01/31 | 2,000 | 2,600,620 |
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| Interest | Maturity | Principal — Amount | ||
|---|---|---|---|---|
| Rate | Date | (000) | Value | |
| New York(continued) | ||||
| Series 2001 1, RB (INS-BHAC) (d) | 5.50 % | 07/01/31 | $ 830 | $ 1,066,807 |
| New York (State of) Dormitory Authority (North Shore Long Island Jewish Obligated Group); | ||||
| Series 2009 A, RB | 5.50 % | 05/01/37 | 1,250 | 1,404,400 |
| Subseries 2005 A, RB | 5.00 % | 11/01/26 | 2,125 | 2,274,813 |
| New York (State of) Dormitory Authority (Orange Regional Medical Center); | ||||
| Series 2008, RB | 6.13 % | 12/01/29 | 1,000 | 1,087,770 |
| Series 2008, RB | 6.50 % | 12/01/21 | 3,000 | 3,412,710 |
| New York (State of) Dormitory Authority (Pratt Institution); Series 2009 C, RB (INS-AGC) (d) | 5.13 % | 07/01/39 | 600 | 650,688 |
| New York (State of) Dormitory Authority (Rochester Institute of Technology); Series 2010, RB | 5.00 % | 07/01/40 | 1,350 | 1,482,989 |
| New York (State of) Dormitory Authority (Rockefeller University); Series 2010 A, RB | 5.00 % | 07/01/41 | 1,500 | 1,696,065 |
| New York (State of) Dormitory Authority (School Districts Financing Program); | ||||
| Series 2008 D, RB (INS-AGC) (d) | 5.75 % | 10/01/24 | 2,000 | 2,399,480 |
| Series 2011 A, RB | 5.00 % | 10/01/25 | 950 | 1,105,990 |
| New York (State of) Dormitory Authority (St. Josephs College); Series 2010, RB | 5.25 % | 07/01/35 | 1,000 | 1,098,980 |
| New York (State of) Dormitory Authority (State University Educational Facilities); | ||||
| Series 1993 A, RB (INS-NATL) (d) | 5.25 % | 05/15/15 | 3,600 | 3,938,148 |
| Series 1993 B, RB | 5.25 % | 05/15/19 | 5,010 | 5,778,434 |
| New York (State of) Dormitory Authority (The New School); | ||||
| Series 2010, RB | 5.50 % | 07/01/40 | 2,200 | 2,476,870 |
| Series 2011, Ref. RB | 5.00 % | 07/01/31 | 1,400 | 1,559,278 |
| New York (State of) Dormitory Authority (Vassar College); Series 2007, RB | 5.00 % | 07/01/46 | 1,670 | 1,789,288 |
| New York (State of) Dormitory Authority; | ||||
| Series 1993 A, Second General City University System Consolidated RB | 5.75 % | 07/01/13 | 1,320 | 1,354,267 |
| Series 1995 A, City University System Consolidated RB | 5.63 % | 07/01/16 | 3,000 | 3,365,910 |
| Series 2007 A, Mental Health Services Facilities Improvement RB (INS-AGM) (d) | 5.00 % | 02/15/27 | 2,000 | 2,176,520 |
| Series 2008 C, Mental Health Services Facilities Improvement RB (INS-AGM) (c)(d) | 5.25 % | 02/15/28 | 2,000 | 2,153,700 |
| New York (State of) Mortgage Agency; Series 2007 145, Homeowner Mortgage RB (c) | 5.05 % | 10/01/29 | 1,555 | 1,612,675 |
| New York (State of) Power Authority; Series 2011 A, RB | 5.00 % | 11/15/38 | 1,415 | 1,618,279 |
| New York (State of) Thruway Authority; Series 2008 B, Second General Highway & Bridge Trust Fund RB | 5.00 % | 04/01/27 | 1,000 | 1,143,360 |
| New York (State of) Urban Development Corp. (Rensselaer Polytechnic Institute Center for Industrial Innovation); Series 1995, Ref. RB | 5.50 % | 01/01/13 | 440 | 449,046 |
| New York City Health & Hospital Corp.; Series 2010 A, Health System RB | 5.00 % | 02/15/30 | 2,230 | 2,489,996 |
| New York Liberty Development Corp. (4 World Trade Center); Series 2011, Ref. Liberty RB | 5.00 % | 11/15/31 | 1,695 | 1,901,773 |
| New York Liberty Development Corp. (7 World Trade Center); Series 2012, Class 1, Ref. Liberty RB | 5.00 % | 09/15/40 | 8,000 | 9,047,120 |
| New York Liberty Development Corp. (Bank of America Tower at One Bryant Park); Series 2010, Ref. Second Priority Liberty RB | 6.38 % | 07/15/49 | 2,230 | 2,513,991 |
| New York State Environmental Facilities Corp. (2010 Master Financing Program); Series 2010 C, RB | 5.00 % | 10/15/39 | 1,505 | 1,693,817 |
| New York State Environmental Facilities Corp. (Municipal Water Finance Authority); Series 2011 B, State Clean Water & Drinking Water Revolving Funds RB | 5.00 % | 06/15/31 | 1,270 | 1,496,746 |
| New York State Environmental Facilities Corp. (New York City Municipal Water Finance Authority); | ||||
| Series 1994 A, State Water PCR (f) | 5.75 % | 06/15/12 | 300 | 300,654 |
| Series 1994 A, State Water PCR (f) | 5.75 % | 06/15/12 | 500 | 501,090 |
| Series 1994 A, State Water PCR | 5.75 % | 06/15/12 | 95 | 95,207 |
| New York State Urban Development Corp.; | ||||
| Series 1993 A, Ref. Correctional Facilities RB | 5.50 % | 01/01/14 | 1,895 | 1,976,409 |
| Series 2008 B, Ref. Service Contract RB | 5.25 % | 01/01/25 | 2,000 | 2,272,880 |
| Niagara Frontier Transportation Authority (Buffalo Niagara International Airport); Series 1999 A, Airport RB (INS-NATL) (c)(d) | 5.63 % | 04/01/29 | 3,570 | 3,609,270 |
| Oneida (County of) Industrial Development Agency (St. Elizabeth Medical Center Facility); Series 1999 B, Civic Facility RB | 6.00 % | 12/01/19 | 1,180 | 1,181,215 |
| Onondaga Civic Development Corp. (Le Moyne College); Series 2010, RB | 5.38 % | 07/01/40 | 1,950 | 2,097,986 |
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| Interest | Maturity | Principal — Amount | ||
|---|---|---|---|---|
| Rate | Date | (000) | Value | |
| New York(continued) | ||||
| Rockland (County of) Solid Waste Management Authority; Series 2003 B, RB (INS-AMBAC) (c)(d) | 5.13 % | 12/15/28 | $ 1,000 | $ 1,019,530 |
| Rockland (County of); Series 2012, Limited TAN | 2.50 % | 03/06/13 | 845 | 850,408 |
| Saratoga (County of) Industrial Development Agency (Saratoga Hospital); Series 2007 B, Civic Facility RB | 5.13 % | 12/01/27 | 1,000 | 1,046,810 |
| Seneca (County of) Industrial Development Agency (Seneca Meadows, Inc.); Series 2005, RB (c)(e)(g)(j) | 6.63 % | 10/01/13 | 1,500 | 1,519,935 |
| Sodus Central School District; Series 2002, Ref. Unlimited Tax GO Bonds (e)(f) | 5.13 % | 06/15/12 | 1,250 | 1,252,425 |
| Suffolk (County of) Industrial Development Agency (Eastern Long Island Hospital Association); Series 2007, Civic Facility RB (j) | 5.38 % | 01/01/27 | 1,950 | 1,825,337 |
| Suffolk County Economic Development Corp. (Peconic Landing at Southold, Inc.); Series 2010, Ref. RB | 6.00 % | 12/01/40 | 825 | 899,745 |
| Tompkins (County of) Industrial Development Agency (Cornell University); Series 2008 A, Civic Facility RB | 5.00 % | 07/01/37 | 750 | 849,173 |
| Troy Capital Resource Corp. (Rensselaer Polytechnic Institute); Series 2010 A, RB | 5.00 % | 09/01/30 | 2,000 | 2,221,580 |
| TSASC, Inc.; | ||||
| Series 2006 1, Tobacco Settlement Asset-Backed RB | 5.00 % | 06/01/34 | 2,000 | 1,525,920 |
| Series 2006 1, Tobacco Settlement Asset-Backed RB | 5.13 % | 06/01/42 | 1,660 | 1,227,719 |
| United Nations Development Corp.; Series 2009 A, Ref. RB | 5.00 % | 07/01/25 | 1,000 | 1,127,430 |
| Westchester (County of) Industrial Development Agency (Kendal on Hudson); Series 2003 A, Continuing Care Retirement Community Mortgage RB (e)(f) | 6.50 % | 01/01/13 | 3,000 | 3,110,400 |
| Westchester Tobacco Asset Securitization Corp.; Series 2005, Tobacco Settlement Asset-Backed RB | 5.13 % | 06/01/45 | 2,750 | 2,246,640 |
| Yonkers Economic Development Corp. (Charter School of Educational Excellence); Series 2010 A, Educational RB | 6.25 % | 10/15/40 | 1,200 | 1,235,316 |
| 349,927,274 | ||||
| Puerto Rico8.71% | ||||
| Puerto Rico (Commonwealth of) Aqueduct & Sewer Authority; Series 2012 A, Sr. Lien RB | 5.13 % | 07/01/37 | 2,000 | 2,009,300 |
| Puerto Rico (Commonwealth of) Electric Power Authority; | ||||
| Series 2008 WW, RB | 5.00 % | 07/01/28 | 1,000 | 1,040,610 |
| Series 2008 WW, RB | 5.25 % | 07/01/33 | 1,500 | 1,556,400 |
| Series 2008 WW, RB | 5.50 % | 07/01/21 | 1,000 | 1,118,870 |
| Series 2010 XX, RB | 5.75 % | 07/01/36 | 600 | 659,496 |
| Puerto Rico (Commonwealth of) Infrastructure Financing Authority; Series 2005 C, Ref. Special Tax RB (INS-AMBAC) (d) | 5.50 % | 07/01/27 | 1,225 | 1,363,033 |
| Puerto Rico (Commonwealth of) Public Buildings Authority; Series 2004 I, Government Facilities RB (e)(f) | 5.25 % | 07/01/14 | 75 | 82,415 |
| Puerto Rico Sales Tax Financing Corp.; | ||||
| First Subseries 2009 A, RB | 5.75 % | 08/01/37 | 870 | 966,579 |
| First Subseries 2009 A, RB | 6.38 % | 08/01/39 | 1,500 | 1,757,175 |
| First Subseries 2010 A, RB | 5.38 % | 08/01/39 | 945 | 1,012,284 |
| First Subseries 2010 C, RB | 5.25 % | 08/01/41 | 1,000 | 1,062,310 |
| Series 2011 C, RB (b) | 5.00 % | 08/01/40 | 2,820 | 3,013,255 |
| Series 2011 C, RB (b) | 5.25 % | 08/01/40 | 4,695 | 5,204,126 |
| 20,845,853 | ||||
| Guam2.71% | ||||
| Guam (Territory of) (Section 30); | ||||
| Series 2009 A, Limited Obligation RB | 5.63 % | 12/01/29 | 750 | 804,937 |
| Series 2009 A, Limited Obligation RB | 5.75 % | 12/01/34 | 500 | 537,275 |
| Guam (Territory of) Power Authority; Series 2010 A, RB | 5.50 % | 10/01/40 | 820 | 848,167 |
| Guam (Territory of) Waterworks Authority; Series 2010, Water & Wastewater System RB | 5.63 % | 07/01/40 | 3,000 | 3,045,930 |
| Guam (Territory of); Series 2011 A, Business Privilege Tax RB | 5.25 % | 01/01/36 | 1,125 | 1,251,619 |
| 6,487,928 | ||||
| Virgin Islands1.35% | ||||
| Virgin Islands (Government of) Public Finance Authority (Gross Receipts Taxes Loan Note); Series 1999 A, RB | 6.38 % | 10/01/19 | 1,370 | 1,374,590 |
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| Interest | Maturity | Principal — Amount | |||
|---|---|---|---|---|---|
| Rate | Date | (000) | Value | ||
| Virgin Islands(continued) | |||||
| Virgin Islands (Government of) Public Finance Authority (Matching Fund Loan Note Diageo); Series 2009 A, Sub. RB | 6.63 % | 10/01/29 | $ 1,600 | $ 1,865,664 | |
| 3,240,254 | |||||
| TOTAL INVESTMENTS (k) 158.91% (Cost $352,010,091) | 380,501,309 | ||||
| Floating Rate Note Obligations(29.37)% | |||||
| Notes with interest rates ranging from 0.15% to 0.28% at 05/31/12, and contractual maturities of collateral ranging from 11/01/25 to 07/01/44 (l) (See Note 1D) | (70,320,000 | ) | |||
| OTHER ASSETS LESS LIABILITIES2.53% | 6,059,296 | ||||
| PREFERRED SHARES(9.96)% | (23,850,000 | ) | |||
| VARIABLE RATE MUNI TERM PREFERRED SHARES(22.11)% | (52,950,000 | ) | |||
| NET ASSETS APPLICABLE TO COMMON SHARES 100.00% | $ 239,440,605 |
Investment Abbreviations:
| ACA | ACA Financial Guaranty Corp. |
|---|---|
| AGC | Assured Guaranty Corp. |
| AGM | Assured Guaranty Municipal Corp. |
| AMBAC | American Municipal Bond Assurance Corp. |
| BHAC | Berkshire Hathaway Assurance Corp. |
| CAB | Capital Appreciation Bonds |
| CIFG | CIFG Assurance North America, Inc. |
| GO | General Obligation |
| INS | Insurer |
| LOC | Letter of Credit |
| NATL | National Public Finance Guarantee Corp. |
| PCR | Pollution Control Revenue Bonds |
| PILOT | Payment-in-Lieu-of-Tax |
| Radian | Radian Asset Assurance, Inc. |
| RB | Revenue Bonds |
| Ref. | Refunding |
| Sec. | Secured |
| SGI | Syncora Guarantee, Inc. |
| Sr. | Senior |
| Sub. | Subordinated |
| VRD | Variable Rate Demand |
Notes to Schedule of Investments:
| (a) | Zero coupon bond issued at a discount. |
|---|---|
| (b) | Underlying security related to Dealer Trusts entered into by the Trust. See Note 1D. |
| (c) | Security subject to the alternative minimum tax. |
| (d) | Principal and/or interest payments are secured by the bond insurance company listed. |
| (e) | Security has an irrevocable call by the issuer or mandatory put by the holder. Maturity date reflects such call or put. |
| (f) | Advance refunded; secured by an escrow fund of U.S. Government obligations or other highly rated collateral. |
| (g) | Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2012. |
| (h) | Demand security payable upon demand by the Trust at specified time intervals no greater than thirteen months. Interest rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2012. |
| (i) | Principal and interest payments are fully enhanced by a letter of credit from the bank listed or a predecessor bank, branch or subsidiary. |
| (j) | Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The |
| aggregate value of these securities at May 31, 2012 was $3,345,272, which represented 1.40% of the Trusts Net Assets. | |
| (k) | This table provides a listing of those entities that have either issued, guaranteed, backed or otherwise enhanced the credit quality of more than 5% of the securities held in the portfolio. In instances where the entity has guaranteed, backed or otherwise enhanced |
| the credit quality of a security, it is not primarily responsible for the issuers obligations but may be called upon to satisfy the issuers obligations. |
| Entities | |
|---|---|
| National Public Finance Guarantee Corp. | 8.4 % |
(l) Floating rate note obligations related to securities held. The interest rates shown reflect the rates in effect at May 31, 2012. At May 31, 2012, the Trusts investments with a value of $129,702,953 are held by Dealer Trusts and serve as collateral for the $70,320,000 in the floating rate note obligations outstanding at that date.
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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Notes to Quarterly Schedule of Portfolio Holdings May 31, 2012 (Unaudited)
NOTE 1 Significant Accounting Policies
A. Security Valuations Securities, including restricted securities, are valued according to the following policy.
Securities are fair valued using an evaluated quote provided by an independent pricing service approved by the Board of Trustees. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices and may reflect appropriate factors such as institution-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, individual trading characteristics and other market data. Securities with a demand feature exercisable within one to seven days are valued at par. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and principal payments.
Securities for which market quotations either are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trusts officers following procedures approved by the Board of Trustees. Some of the factors which may be considered in determining fair value are fundamental analytical data relating to the investment; the nature and duration of any restrictions on transferability or disposition; trading in similar securities by the same issuer or comparable companies; relevant political, economic or issuer specific news; and other relevant factors under the circumstances.
Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuers assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
B. Securities Transactions and Investment Income Securities transactions are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from settlement date. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes.
The Trust may periodically participate in litigation related to Trust investments. As such, the Trust may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.
Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trusts net asset value and, accordingly, they reduce the Trusts total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.
C. Country Determination For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuers securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| D. |
| --- |
| TOBs are presently classified as private placement securities.
Private placement securities are subject to restrictions on resale
because they have not been registered under the Securities Act of
1933, as amended or are otherwise not readily marketable. As a
result of the absence of a public trading market for these
securities, they may be less liquid than publicly traded
securities. Although these securities may be resold in privately
negotiated transactions, the prices realized from these sales
could be less than those originally paid by the Trust or less than
what may be considered the fair value of such securities. |
The Trust accounts for the transfer of bonds to the Dealer Trusts as secured borrowings, with the securities transferred remaining in the Trusts investment assets, and the related floating rate notes reflected as Trust liabilities under the caption Floating rate note obligations on the Statement of Assets and Liabilities. The Trust records the interest income from the fixed rate bonds under the caption Interest and records the expenses related to floating rate obligations and any administrative expenses of the Dealer Trusts a component of Interest, facilities and maintenance fees on the Statement of Operations.
The Trust generally invests in inverse floating rate securities that include embedded leverage, thus exposing the Trust to greater risks and increased costs. The primary risks associated with inverse floating rate securities are varying degrees of liquidity and the changes in the value of such securities in response to changes in market rates of interest to a greater extent than the value of an equal principal amount of a fixed rate security having similar credit quality, redemption provisions and maturity which may cause the Trusts net asset value to be more volatile than if it had not invested in inverse floating rate securities. In certain instances, the short-term floating rate interests created by the special purpose trust may not be able to be sold to third parties or, in the case of holders tendering (or putting) such interests for repayment of principal, may not be able to be remarketed to third parties. In such cases, the special purpose trust holding the long-term fixed rate bonds may be collapsed. In the case of RIBs or TOBs created by the contribution of long-term fixed income bonds by the Trust, the Trust will then be required to repay the principal amount of the tendered securities. During times of market volatility, illiquidity or uncertainty, the Trust could be required to sell other portfolio holdings at a disadvantageous time to raise cash to meet that obligation.
E. Other Risks The value of, payment of interest on, repayment of principal for and the ability to sell a municipal security may be affected by constitutional amendments, legislative enactments, executive orders, administrative regulations, voter initiatives and the economics of the regions in which the issuers are located.
Since many municipal securities are issued to finance similar projects, especially those relating to education, health care, transportation and utilities, conditions in those sectors can affect the overall municipal securities market and a Trusts investments in municipal securities.
There is some risk that a portion or all of the interest received from certain tax-free municipal securities could become taxable as a result of determinations by the Internal Revenue Service.
NOTE 2 Additional Valuation Information
Generally Accepted Accounting Principles (GAAP) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investments assigned level:
Invesco Van Kampen Trust for Investment Grade New York Municipals
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| Level 1 | | Prices are determined using quoted prices in an active market for identical
assets. |
| --- | --- | --- |
| Level 2 | | Prices are determined using other significant observable inputs.
Observable inputs are inputs that other market participants may use in pricing a
security. These may include quoted prices for similar securities, interest rates,
prepayment speeds, credit risk, yield curves, loss severities, default rates, discount
rates, volatilities and others. |
| Level 3 | | Prices are determined using significant unobservable inputs. In
situations where quoted prices or observable inputs are unavailable (for example, when
there is little or no market activity for an investment at the end of the period),
unobservable inputs may be used. Unobservable inputs reflect the Trusts own
assumptions about the factors market participants would use in determining fair value
of the securities or instruments and would be based on the best available information. |
The following is a summary of the tiered valuation input levels, as of May 31, 2012. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
| Level 1 | Level 2 | Level 3 | Total | |
|---|---|---|---|---|
| Municipal Obligations | $ | $ 380,501,309 | $ | $ 380,501,309 |
NOTE 3 Investment Securities
The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Fund during the three months ended May 31, 2012 was $9,502,885 and $5,875,600, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end.
| Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis — Aggregate unrealized appreciation of investment securities | $ 35,770,441 | |
|---|---|---|
| Aggregate unrealized (depreciation) of investment securities | (6,409,856 | ) |
| Net unrealized appreciation of investment securities | $ 29,360,585 | |
| Cost of | ||
| investments for tax purposes is $351,140,724. |
NOTE 4 Significant Event
The Board of Trustees of the Trust (the Board) approved the redomestication of the Trust, a Massachusetts business trust, into a Delaware statutory trust pursuant to an Agreement and Plan of Redomestication (the Redomestication). The Board also approved an Agreement and Plan of Merger pursuant to which Invesco New York Quality Municipal Securities (Target Trust) would merge with and into the Trust in accordance with the Delaware Statury Trust Act (the Merger). As a result of the Merger, all of the assets and liabilities of the Target Trust will become assets and liabilities of the Trust and the Target Trusts shareholders will become shareholders of the Trust. The Redomestication and the Merger are subject to shareholder approval.
In addition, the Board also approved a plan to redeem all of the outstanding auction rate preferred shares at their respective liquidation preferences. These redemptions are anticipated to be funded with proceeds received from the issuance of Variable Rate Muni Term Preferred Shares (VMTPS) and Tender Option Bonds (TOBs). VMTPS are a variable rate form of preferred stock with a mandatory redemption date. These redemptions and this issuance of VMTPS are targeted to occur in the first half of 2012.
Invesco Van Kampen Trust for Investment Grade New York Municipals
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Item 2. Controls and Procedures.
| (a) | As of June 12, 2012, an evaluation was performed under the supervision and with the
participation of the officers of the Registrant, including the Principal Executive Officer
(PEO) and Principal Financial Officer (PFO), to assess the effectiveness of the
Registrants disclosure controls and procedures, as that term is defined in Rule 30a-3(c)
under the Investment Company Act of 1940 (Act), as amended. Based on that evaluation,
the Registrants officers, including the PEO and PFO, concluded that, as of June 12, 2012,
the Registrants disclosure controls and procedures were reasonably designed so as to
ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is
recorded, processed, summarized and reported within the time periods specified by the
rules and forms of the Securities and Exchange Commission; and (2) that material
information relating to the Registrant is made known to the PEO and PFO as appropriate to
allow timely decisions regarding required disclosure. |
| --- | --- |
| (b) | There have been no changes in the Registrants internal control over financial
reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the
Registrants last fiscal quarter that have materially affected, or are reasonably likely
to materially affect, the Registrants internal control over financial reporting. |
Item 3. Exhibits.
Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.
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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: Invesco Van Kampen Trust for Investment Grade New York Municipals
| By: |
|---|
| Colin Meadows |
| Principal Executive Officer |
Date: July 30, 2012
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| By: |
|---|
| Colin Meadows |
| Principal Executive Officer |
Date: July 30, 2012
| By: |
|---|
| Sheri Morris |
| Principal Financial Officer |
Date: July 30, 2012
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link1 "EXHIBIT INDEX"
EXHIBIT INDEX
Certifications of Principal Executive Officer (PEO) and Principal Financial Officer (PFO) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.
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