UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-4718
Van Kampen Tax Free Money Fund
(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
(Address of principal executive offices) (Zip code)
Edward C. Wood III
522 Fifth Avenue, New York, New York 10036
(Name and address of agent for service)
Registrants telephone number, including area code: 212-762-4000
Date of fiscal year end: 6/30
Date of reporting period: 6/30/09
Item 1. Report to Shareholders.
The
Funds annual report transmitted to shareholders pursuant
to Rule 30e-1
under the Investment Company Act of 1940 is as follows:
ANNUAL
REPORT
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MUTUAL FUNDS
Van Kampen
Tax Free
Money Fund
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Privacy Notice information on the
back.
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Welcome, Shareholder
In this report, youll learn about how your investment in
Van Kampen Tax Free Money Fund performed during the annual
period. The portfolio management team will provide an overview
of the market conditions and discuss some of the factors that
affected investment performance during the reporting period. In
addition, this report includes the funds financial
statements and a list of fund investments as of June 30,
2009.
This material must be preceded or accompanied by a prospectus
for the fund being offered. The prospectus contains information
about the fund, including the investment objectives, risks,
charges and expenses. Please read the prospectus carefully
before investing.
Market forecasts provided in this report may not necessarily
come to pass. There is no assurance that the fund will achieve
its investment objective. The fund is subject to market risk,
which is the possibility that the market values of securities
owned by the fund will decline and that the value of the fund
shares may therefore be less than what you paid for them.
Accordingly, you can lose money investing in this fund.
An investment in a money market fund is neither insured nor
guaranteed by the Federal Deposit Insurance Corporation nor any
other government agency. Although money market funds seek to
preserve the value of your investment at $1.00 per share, it is
possible to lose money by investing in the fund.
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NOT FDIC INSURED
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OFFER NO BANK GUARANTEE
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MAY LOSE VALUE
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NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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NOT A DEPOSIT
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Fund Report
For the
12-month
period ended June 30, 2009
Market
Conditions
June 30, 2009 marked the end of most state and local
governments fiscal years. While many issuers made mid-year
budget adjustments last winter to close their budget gaps, the
economy continued to contract further, creating significant
shortfalls that need to be addressed by further action as most
state and local governments are required by law to have balanced
budgets. Tax revenues have declined sharply this year; personal
income tax receipts dropped an average of 15.8 percent in
the first three months of 2009, according to the Rockefeller
Institute, while corporate and sales tax receipts fell
16.2 percent and 7.6 percent, respectively. Given that
tax collections lag economic activity, the few reports we have
to date for the month of April are also alarming. For example,
New York State reported collecting $239 million less than
was expected in April, while New Jerseys fiscal year 2010
budget gap increased to $9 billion from $7 billion,
based on the states poor April collections.
The extreme volatility in the financial markets and the flight
to quality during the reporting year led to strong demand for
money market securities. This, coupled with a constrained
supply, led yields on weekly variable-rate securities to decline
significantly. The SIFMA Index, the benchmark for weekly
variable-rate securities, declined from a yield of
1.55 percent at the end of June 2008 to 0.35 percent
on June 30, 2009.
Similarly, the Bond Buyer One-Year Note Index, which resets
weekly, fell from 1.69 percent to 0.67 percent,
although the latter yield was a 14 basis point increase from the
prior month.
1
Performance
Analysis
For the
12-month
period ended June 30, 2009, the Fund provided a total
return of 0.44 percent. For the
seven-day
period ended June 30, 2009, the Fund provided an annualized
yield of 0.01 percent. The yield reflects the current
earnings of the Fund more closely than does the total return
calculation. Total return assumes reinvestment of all
distributions. Past performance is no guarantee of future
results.
Protecting the safety and liquidity of the portfolios
assets remained our first priority. In the recent turbulent
markets, our emphasis has been on managing exposure to
institutions under stress. To that end, we remained focused on
securities where our credit and risk teams have confidence in
the quality of the issuer, the structure of the program, and the
financial strength of the supporting institutions.
Market
Outlook
Almost all state and local governments are required by their
constitutions or charters to pass balanced budgets. Doing so
this year will be difficult because expense cuts
and/or
revenue raisers will have to be large, which will likely be
politically unpopular given the economic context. Nevertheless,
budgets will probably be passed and state finances will likely
improve when the economy begins to recover. In fact, if the
economy recovers later this year, we believe it is possible that
the financial positions of many state and local governments
could improve significantly because many municipal issuers will
have balanced their budgets using conservative assumptions
concerning economic growth in fiscal year 2010.
During this period of market upheaval, we continue to diligently
watch for any new developments that may impact the portfolio. We
will also continue to closely monitor the implications of the
slowing economy on municipal government balance sheets.
There is no guarantee that any sectors mentioned will
continue to perform as discussed herein or that securities in
such sectors will be held by the Fund in the future.
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Portfolio
composition as of 6/30/09 (Unaudited)
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7 Day Floaters
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72.3
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%
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Daily Variable Rate Securities
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27.7
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Subject to change daily. Provided for informational purposes
only and should not be deemed as a recommendation to buy or sell
the securities mentioned or securities in the sectors shown
above. All percentages are as a percentage of total investments.
Securities are classified by sectors that represent broad
groupings of related industries. Van Kampen is a wholly
owned subsidiary of a global securities firm which is engaged in
a wide range of financial services including, for example,
securities trading and brokerage activities, investment banking,
research and analysis, financing and financial advisory services.
2
For More
Information About Portfolio Holdings
Each Van Kampen fund provides a complete schedule of
portfolio holdings in its semiannual and annual reports within
60 days of the end of the funds second and fourth
fiscal quarters. The semiannual reports and the annual reports
are filed electronically with the Securities and Exchange
Commission (SEC) on
Form N-CSRS
and
Form N-CSR,
respectively. Van Kampen also delivers the semiannual and
annual reports to fund shareholders, and makes these reports
available on its public Web site, www.vankampen.com. In addition
to the semiannual and annual reports that Van Kampen
delivers to shareholders and makes available through the
Van Kampen public Web site, each fund files a complete
schedule of portfolio holdings with the SEC for the funds
first and third fiscal quarters on
Form N-Q.
Van Kampen does not deliver the reports for the first and
third fiscal quarters to shareholders, nor are the reports
posted to the Van Kampen public Web site. You may, however,
obtain the
Form N-Q
filings (as well as the
Form N-CSR
and
N-CSRS
filings) by accessing the SECs Web site,
http://www.sec.gov.
You may also review and copy them at the SECs Public
Reference Room in Washington, DC. Information on the
operation of the SECs Public Reference Room may be
obtained by calling the SEC at
(800) SEC-0330.
You can also request copies of these materials, upon payment of
a duplicating fee, by electronic request at the SECs email
address (publicinfo@sec.gov) or by writing the Public Reference
section of the SEC, Washington, DC
20549-0102.
You may obtain copies of a funds fiscal quarter filings by
contacting Van Kampen Client Relations at
(800) 847-2424.
3
Householding
Notice
To reduce Fund expenses, the Fund attempts to eliminate
duplicate mailings to the same address. The Fund delivers a
single copy of certain shareholder documents to investors who
share an address, even if the accounts are registered under
different names. The Funds prospectuses and shareholder
reports (including annual privacy notices) will be delivered to
you in this manner indefinitely unless you instruct us
otherwise. You can request multiple copies of these documents by
either calling
(800) 341-2911
or writing to Van Kampen Investor Services at
P.O. Box 219286, Kansas City, MO
64121-9286.
Once Investor Services has received your instructions, we will
begin sending individual copies for each account within
30 days.
Proxy Voting
Policy and Procedures and Proxy Voting Record
You may obtain a copy of the Funds Proxy Voting Policy and
Procedures without charge, upon request, by calling toll free
(800) 847-2424
or by visiting our Web site at www.vankampen.com. It is also
available on the Securities and Exchange Commissions Web
site at
http://www.sec.gov.
You may obtain information regarding how the Fund voted proxies
relating to portfolio securities during the most recent
twelve-month period ended June 30 without charge by visiting our
Web site at www.vankampen.com. This information is also
available on the Securities and Exchange Commissions Web
site at
http://www.sec.gov.
4
Expense Example
As a shareholder of the Fund, you incur ongoing costs, including
management fees; distribution and service
(12b-1)
fees; and other Fund expenses. This example is intended to help
you understand your ongoing costs (in dollars) of investing in
the Fund and to compare these costs with the ongoing costs of
investing in other mutual funds.
The example is based on an investment of $1,000 invested at the
beginning of the period and held for the entire period
1/1/09 - 6/30/09.
Actual
Expense
The first line of the table below provides information about
actual account values and actual expenses. You may use the
information in this line, together with the amount you invested,
to estimate the expenses that you paid over the period. Simply
divide your account value by $1,000 (for example, an $8,600
account value divided by $1,000 = 8.6), then multiply
the result by the number in the first line under the heading
entitled Expenses Paid During Period to estimate the
expenses you paid on your account during this period.
Hypothetical
Example for Comparison Purposes
The second line of the table below provides information about
hypothetical account values and hypothetical expenses based on
the Funds actual expense ratio and an assumed rate of
return of 5% per year before expenses, which is not the
Funds actual return. The hypothetical account values and
expenses may not be used to estimate the actual ending account
balance or expenses you paid for the period. You may use this
information to compare the ongoing cost of investing in the Fund
and other funds. To do so, compare this 5% hypothetical
example with the 5% hypothetical examples that appear in
the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to
highlight your ongoing costs only. Therefore, the second line of
the table is useful in comparing ongoing costs only, and will
not help you determine the relative total costs of owning
different funds that have transactional costs, such as sales
charges (loads) or contingent deferred sales charges.
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Beginning
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Ending
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Expenses Paid
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Account
Value
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Account
Value
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During
Period
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1/1/09
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6/30/09
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1/1/09-6/30/09
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Actual
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$
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1,000.00
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$
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1,000.06
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$
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1.83
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Hypothetical
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1,000.00
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1,022.95
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1.86
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(5% annual return before expenses)
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*
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Expenses are equal to the
Funds annualized expense ratio of 0.37% multiplied by the
average account value over the period, multiplied by 181/365 (to
reflect the one-half year period). This expense ratio reflects
an expense waiver.
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Assumes all dividends and distributions were reinvested.
5
Investment Advisory Agreement Approval
Both the Investment Company Act of 1940 and the terms of the
Funds investment advisory agreement require that the
investment advisory agreement between the Fund and its
investment adviser be approved annually both by a majority of
the Board of Trustees and by a majority of the independent
trustees voting separately.
At meetings held on April 17, 2009 and May
20-21,
2009,
the Board of Trustees, and the independent trustees voting
separately, considered and ultimately determined that the terms
of the investment advisory agreement are fair and reasonable and
approved the continuance of the investment advisory agreement as
being in the best interests of the Fund and its shareholders. In
making its determination, the Board of Trustees considered
materials that were specifically prepared by the investment
adviser at the request of the Board and Fund counsel, and by an
independent provider of investment company data contracted to
assist the Board, relating to the investment advisory agreement
review process. The Board also considered information received
periodically about the portfolio, performance, the investment
strategy, portfolio management team and fees and expenses of the
Fund. The Board of Trustees considered the investment advisory
agreement over a period of several months and the trustees held
sessions both with the investment adviser and separate from the
investment adviser in reviewing and considering the investment
advisory agreement.
In approving the investment advisory agreement, the Board of
Trustees considered, among other things, the nature, extent and
quality of the services provided by the investment adviser, the
performance, fees and expenses of the Fund compared to other
similar funds and other products, the investment advisers
expenses in providing the services and the profitability of the
investment adviser and its affiliated companies. The Board of
Trustees considered the extent to which any economies of scale
experienced by the investment adviser are shared with the
Funds shareholders, and the propriety of existing and
alternative breakpoints in the Funds investment advisory
fee schedule. The Board of Trustees considered comparative
advisory fees of the Fund and other investment companies
and/or
other
products at different asset levels, and considered the trends in
the industry versus historical and projected assets of the Fund.
The Board of Trustees evaluated other benefits the investment
adviser and its affiliates derive from their relationship with
the Fund. The Board of Trustees reviewed information about the
foregoing factors and considered changes, if any, in such
information since its previous approval. The Board of Trustees
discussed the financial strength of the investment adviser and
its affiliated companies and the capability of the personnel of
the investment adviser, and specifically the strength and
background of its portfolio management personnel. The Board of
Trustees reviewed the statutory and regulatory requirements for
approval and disclosure of investment advisory agreements. The
Board of Trustees, including the independent trustees, evaluated
all of the foregoing and does not believe any single factor or
group of factors control or dominate the review process, and,
6
after considering all factors together, has determined, in the
exercise of its business judgment, that approval of the
investment advisory agreement is in the best interests of the
Fund and its shareholders. The following summary provides more
detail on certain matters considered but does not detail all
matters considered.
Nature, Extent and Quality of the Services Provided. On a
regular basis, the Board of Trustees considers the roles and
responsibilities of the investment adviser as a whole and those
specific to portfolio management, support and trading functions
servicing the Fund. The trustees discuss with the investment
adviser the resources available and used in managing the Fund.
The trustees also discuss certain other services which are
provided on a cost-reimbursement basis by the investment adviser
or its affiliates to the Van Kampen funds including certain
accounting, administrative and legal services. The Board has
determined that the nature, extent and quality of the services
provided by the investment adviser support its decision to
approve the investment advisory agreement.
Performance, Fees and Expenses of the Fund. On a regular basis,
the Board of Trustees reviews the performance, fees and expenses
of the Fund compared to its peers and to appropriate benchmarks.
In addition, the Board spends more focused time on the
performance of the Fund and other funds in the Van Kampen
complex, paying specific attention to underperforming funds. The
trustees discuss with the investment adviser the performance
goals and the actual results achieved in managing the Fund. When
considering a funds performance, the trustees and the
investment adviser place emphasis on trends and longer-term
returns (focusing on one-year, three-year and five-year
performance with special attention to three-year performance)
and, when a funds weighted performance is under the
funds benchmark or peers, they discuss the causes and
where necessary seek to make specific changes to investment
strategy or investment personnel. The Fund discloses more
information about its performance elsewhere in this report and
in the Funds prospectus. The trustees discuss with the
investment adviser the level of advisory fees for this Fund
relative to comparable funds and other products advised by the
adviser and others in the marketplace. The trustees review not
only the advisory fees but other fees and expenses (whether paid
to the adviser, its affiliates or others) and the Funds
overall expense ratio. The Fund discloses more information about
its fees and expenses in its prospectus. The Board has
determined that the performance, fees and expenses of the Fund
support its decision to approve the investment advisory
agreement.
Investment Advisers Expenses in Providing the Service and
Profitability. At least annually, the trustees review the
investment advisers expenses in providing services to the
Fund and other funds advised by the investment adviser and the
profitability of the investment adviser. These profitability
reports are put together by the investment adviser with the
oversight of the Board. The trustees discuss with the investment
adviser its revenues and expenses, including, among other
things, revenues for advisory services, portfolio
management-related expenses,
7
revenue sharing arrangement costs and allocated expenses both on
an aggregate basis and per fund. The Board has determined that
the analysis of the investment advisers expenses and
profitability support its decision to approve the investment
advisory agreement.
Economies of Scale. On a regular basis, the Board of Trustees
considers the size and growth prospects of the Fund and how that
relates to the Funds expense ratio and particularly the
Funds advisory fee rate. In conjunction with its review of
the investment advisers profitability, the trustees
discuss with the investment adviser how more (or less) assets
can affect the efficiency or effectiveness of managing the
Funds portfolio and whether the advisory fee level is
appropriate relative to current and projected asset levels
and/or
whether the advisory fee structure reflects economies of scale
as asset levels change. The Board has determined that its review
of the actual and potential economies of scale of the Fund
support its decision to approve the investment advisory
agreement.
Other Benefits of the Relationship. On a regular basis, the
Board of Trustees considers other benefits to the investment
adviser and its affiliates derived from the investment
advisers relationship with the Fund and other funds
advised by the investment adviser. These benefits include, among
other things, fees for transfer agency services provided to the
funds, in certain cases research received by the adviser
generated from commission dollars spent on funds portfolio
trading, and in certain cases distribution or service related
fees related to funds sales. The trustees review with the
investment adviser each of these arrangements and the
reasonableness of its costs relative to the services performed.
The Board has determined that the other benefits received by the
investment adviser or its affiliates support its decision to
approve the investment advisory agreement.
8
Van Kampen
Tax Free Money Fund
Portfolio of
Investments
n
June 30,
2009
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Par
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Current
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Amount
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Maturity
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Yield at
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Amortized
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(000)
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Description
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Date
*
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6-30-09
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Cost
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Municipal Bonds 100.1%
7 Day Floaters 72.4%
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$
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600
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Broward Cnty, FL Ed Fac Auth City Coll Proj (LOC: Citibank)
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07/02/09
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0.300
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%
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$
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600,000
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1,300
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California Statewide Cmnty Dev Auth Rev Kaiser Permanente
Ser B
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07/01/09
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0.200
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1,300,000
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1,300
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Cary, NC Pub Impt
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07/01/09
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0.230
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1,300,000
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700
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Clarksville, TN Muni Pub Bldg Auth Rev Pooled Fin TN Bd Fd (LOC:
Bank of America) (Acquired 10/10/08, Cost $700,000) (a)
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07/02/09
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0.320
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700,000
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600
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Colorado Hsg & Fin Auth Single Fam Mtg
Ser B-3
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07/01/09
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0.350
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600,000
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685
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Derry Twp, PA Indl & Coml Dev Auth Hotel Tax Rev Arena
Proj (LOC: PNC Bank)
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07/02/09
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0.300
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685,000
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1,000
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Eastern Muni Wtr Dist CA Wtr & Swr Rev Ctf Partner
Ser B
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07/01/09
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0.160
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1,000,000
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900
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Gwinnett Cnty, GA Wtr & Sew Auth Rev Ser A
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07/01/09
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0.320
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900,000
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700
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Kent Hosp Fin Auth MI Rev Metro Hosp Proj Rfdg Ser B (LOC:
Bank of America)
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07/02/09
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0.250
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700,000
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695
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Metropolitan Govt Nashville & Davidson Cnty, TN
H&E Fac Brd Rev Vanderbilt Univ Ser A
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07/02/09
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0.300
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695,000
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500
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Michigan St Hosp Fin Auth Rev McLaren Hlthcare Rfdg Ser B
(LOC: JP Morgan Chase Bank)
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07/01/09
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0.210
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|
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500,000
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1,390
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Minneapolis, MN Rev Univ Gateway Proj
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07/02/09
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0.270
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1,390,000
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1,200
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Minnesota St Higher Ed Fac Auth Rev Macalester College
Ser 5-Q
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07/02/09
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0.290
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1,200,000
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500
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New Hampshire Higher Ed & Hlth Fac Auth Rev Saint
Pauls Sch Issue
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07/02/09
|
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0.280
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|
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500,000
|
|
|
400
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New York St Dorm Auth Rev Mental Hlth Svc Subser D-2H
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07/02/09
|
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0.250
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|
|
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400,000
|
|
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500
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New York St Loc Gov Assistance Corp Ser D (LOC:
Societe Generale)
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07/01/09
|
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0.170
|
|
|
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500,000
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|
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900
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North Carolina Ed Fac Fin Agy Rev Duke Univ Proj Ser B
|
|
07/02/09
|
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0.170
|
|
|
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900,000
|
|
|
925
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North Carolina Med Care Comm Hlth Sys Rev Mission Saint
Josephs Rfdg
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07/02/09
|
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0.320
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|
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925,000
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830
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North Miami, FL Ed Fac Rev Miami Ctry Day Sch Proj (LOC: Bank
of America)
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07/02/09
|
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0.340
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|
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830,000
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675
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Palm Beach Cnty, FL Rev Henry Morrison Flagler Proj (LOC:
Northern Trust)
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07/02/09
|
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0.520
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675,000
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|
|
800
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Pennsylvania St Tpk Comm Rev
Ser A-2
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07/01/09
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0.400
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800,000
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|
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615
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Portland, OR Hsg Auth Rev New Mkt West Proj (LOC: Wells
Fargo Bank)
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07/02/09
|
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0.270
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|
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615,000
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|
|
600
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Private Colleges & Univ Auth GA Rev Emory Univ
Ser B-2
|
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07/02/09
|
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0.120
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|
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600,000
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|
|
1,000
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San Bernadino Cnty, CA Ctf Partner Cap Impt Refing Proj (LOC:
BNP Paribas)
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07/02/09
|
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0.170
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|
|
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1,000,000
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9
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Portfolio of
Investments
n
June 30,
2009
continued
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|
|
|
|
|
Par
|
|
|
|
|
|
Current
|
|
|
Amount
|
|
|
|
Maturity
|
|
Yield at
|
|
Amortized
|
(000)
|
|
Description
|
|
Date
*
|
|
6-30-09
|
|
Cost
|
|
|
|
|
|
|
7 Day Floaters (Continued)
|
$
|
1,100
|
|
|
Triunfo, CA Cnty Santn Dist Rev Rfdg (LOC: BNP Paribas)
|
|
07/01/09
|
|
|
0.250
|
%
|
|
$
|
1,100,000
|
|
|
200
|
|
|
University of Texas Univ Rev Fin Sys Rfdg Ser A
|
|
07/01/09
|
|
|
0.170
|
|
|
|
200,000
|
|
|
500
|
|
|
Utah Cnty, UT Hosp Rev IHC Hlth Svc Inc Ser B
|
|
07/02/09
|
|
|
0.200
|
|
|
|
500,000
|
|
|
600
|
|
|
Washington St Hsg Fin Comm Multi-Family Mtg Rev (LOC: Harris
Trust & Savings Bank)
|
|
07/07/09
|
|
|
0.300
|
|
|
|
600,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total 7 Day Floaters 72.4%
|
|
|
21,715,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daily Variable Rate Securities 27.7%
|
|
500
|
|
|
Chicago, IL Rfdg Ser F
|
|
07/01/09
|
|
|
0.180
|
|
|
|
500,000
|
|
|
500
|
|
|
Chicago, IL Sales Tax Rev Rfdg
|
|
07/01/09
|
|
|
0.180
|
|
|
|
500,000
|
|
|
1,100
|
|
|
Colorado Ed & Cultural Fac Natl Jewish Fedn,
Ser F-1
(LOC: Northern Trust)
|
|
07/01/09
|
|
|
0.230
|
|
|
|
1,100,000
|
|
|
405
|
|
|
Cuyahoga Cnty, OH Rev Cleveland Clinic Subser B1
|
|
07/01/09
|
|
|
0.180
|
|
|
|
405,000
|
|
|
630
|
|
|
Dade Cnty, FL Indl Dev Auth Exempt Fac Rev FL Pwr & Lt
Co Rfdg
|
|
07/01/09
|
|
|
0.350
|
|
|
|
630,000
|
|
|
750
|
|
|
Jackson Cnty, MS Pollutn Ctl Refing Chevron USA Inc Proj
|
|
07/01/09
|
|
|
0.220
|
|
|
|
750,000
|
|
|
600
|
|
|
Jacksonville, FL Pollutn Rev Ctl FL Pwr & Lt Co
Proj Rfdg
|
|
07/01/09
|
|
|
0.720
|
|
|
|
600,000
|
|
|
870
|
|
|
Kentucky Inc KY Pub Energy Auth Gas Supply Rev Ser A
|
|
07/01/09
|
|
|
0.300
|
|
|
|
870,000
|
|
|
300
|
|
|
Long Island Pwr Auth NY Elec Sys Rev Ser 2B (LOC:
Bayerische Landesbank)
|
|
07/01/09
|
|
|
0.350
|
|
|
|
300,000
|
|
|
700
|
|
|
Pitkin Cnty, CO Indl Dev Rev Aspen Skiing Co Proj Rfdg
Ser A (LOC: JP Morgan Chase Bank)
|
|
07/01/09
|
|
|
0.230
|
|
|
|
700,000
|
|
|
1,100
|
|
|
Southeast, AL Gas Dist Rev Supply Proj Ser A
|
|
07/01/09
|
|
|
0.300
|
|
|
|
1,100,000
|
|
|
350
|
|
|
University of Michigan Rev Hosp Ser A
|
|
07/01/09
|
|
|
0.180
|
|
|
|
350,000
|
|
|
500
|
|
|
University of NC Hosp Chapel Hill Rev Ser B
|
|
07/01/09
|
|
|
0.320
|
|
|
|
500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Daily Variable Rate Securities 27.7%
|
|
|
8,305,000
|
|
|
|
|
|
|
|
|
|
|
|
Total Investments 100.1% (b) (c)
|
|
|
30,020,000
|
|
|
|
|
|
|
Liabilities in Excess of Other Assets (0.1%)
|
|
|
(32,745
|
)
|
|
|
|
|
|
|
|
|
|
|
Net Assets 100.0%
|
|
$
|
29,987,255
|
|
|
|
|
|
|
Percentages are calculated as a percentage of net assets.
|
|
|
*
|
|
Date of next interest rate reset.
|
10
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Portfolio of
Investments
n
June 30,
2009
continued
|
|
|
(a)
|
|
Security is restricted and may be
resold only in transactions exempt from registration which are
normally those transactions with qualified institutional buyers.
Restricted securities comprise 2.3% of net assets.
|
|
(b)
|
|
Securities include a put feature
allowing the Fund to periodically put the security back to the
issuer at amortized cost on specified dates. The yield shown
represents the current yield earned by the Fund based on the
most recent reset date. The maturity date shown represents the
next put date.
|
|
(c)
|
|
At June 30, 2009, cost is
identical for both book and federal income tax purposes.
|
LOCLetter of Credit
Fair Value
Measurements
Various inputs are used in determining the value of the
Funds investments. These inputs are summarized in the
three broad levels listed below. (See Note 1(B) to the
financial statements for further information regarding fair
value measurements.)
The following is a summary of the inputs used as of
June 30, 2009 in valuing the Funds investments
carried at value:
|
|
|
|
|
|
|
Short-Term
|
Valuation
Inputs
|
|
Municipal
Bonds
|
|
Level 1Quoted Prices
|
|
$
|
-0-
|
|
Level 2Other Significant Observable Inputs
|
|
|
30,020,000
|
|
Level 3Significant Unobservable Inputs
|
|
|
-0-
|
|
|
|
|
|
|
Total
|
|
$
|
30,020,000
|
|
|
|
|
|
|
11
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Financial Statements
Statement
of Assets and Liabilities
June 30, 2009
|
|
|
|
|
|
|
Assets:
|
|
|
|
|
|
|
Total Investments, at amortized cost which approximates
market value
|
|
$
|
30,020,000
|
|
|
|
Cash
|
|
|
10,938
|
|
|
|
Receivables:
|
|
|
|
|
|
|
Investments Sold
|
|
|
100,000
|
|
|
|
Fund Shares Sold
|
|
|
14,894
|
|
|
|
Interest
|
|
|
7,550
|
|
|
|
Expense Reimbursement from Adviser
|
|
|
7,502
|
|
|
|
Other
|
|
|
97,996
|
|
|
|
|
|
|
|
|
|
|
Total Assets
|
|
|
30,258,880
|
|
|
|
|
|
|
|
|
|
|
Liabilities:
|
|
|
|
|
|
|
Payables:
|
|
|
|
|
|
|
Fund Shares Repurchased
|
|
|
30,674
|
|
|
|
Distributor and Affiliates
|
|
|
11,867
|
|
|
|
Trustees Deferred Compensation and Retirement Plans
|
|
|
173,121
|
|
|
|
Accrued Expenses
|
|
|
55,963
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
|
271,625
|
|
|
|
|
|
|
|
|
|
|
Net Assets
|
|
$
|
29,987,255
|
|
|
|
|
|
|
|
|
|
|
Net Assets Consist of:
|
|
|
|
|
|
|
Capital (Par value of $.01 per share with an unlimited number of
shares authorized)
|
|
$
|
30,132,720
|
|
|
|
Accumulated Net Realized Loss
|
|
|
(18,652
|
)
|
|
|
Accumulated Undistributed Net Investment Income
|
|
|
(126,813
|
)
|
|
|
|
|
|
|
|
|
|
Net Assets
(Equivalent to $1.00 per share for
30,010,260 shares outstanding)
|
|
$
|
29,987,255
|
|
|
|
|
|
|
|
|
|
|
12
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Financial
Statements
continued
Statement
of Operations
For the Year Ended June 30,
2009
|
|
|
|
|
|
|
Investment Income:
|
|
|
|
|
|
|
Interest
|
|
$
|
354,666
|
|
|
|
|
|
|
|
|
|
|
Expenses:
|
|
|
|
|
|
|
Investment Advisory Fee
|
|
|
153,696
|
|
|
|
Distribution
(12b-1)
and
Service Fees
|
|
|
85,386
|
|
|
|
Professional Fees
|
|
|
59,255
|
|
|
|
Transfer Agent Fees
|
|
|
38,172
|
|
|
|
Registration Fees
|
|
|
35,944
|
|
|
|
Reports to Shareholders
|
|
|
31,610
|
|
|
|
Trustees Fees and Related Expenses
|
|
|
19,046
|
|
|
|
Accounting and Administrative Expenses
|
|
|
14,104
|
|
|
|
Custody
|
|
|
9,122
|
|
|
|
Other
|
|
|
28,973
|
|
|
|
|
|
|
|
|
|
|
Total Expenses
|
|
|
475,308
|
|
|
|
Expense Reduction
|
|
|
250,259
|
|
|
|
|
|
|
|
|
|
|
Net Expenses
|
|
|
225,049
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
$
|
129,617
|
|
|
|
|
|
|
|
|
|
|
Net Increase in Net Assets From Operations
|
|
$
|
129,617
|
|
|
|
|
|
|
|
|
|
|
13
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Financial
Statements
continued
Statements
of Changes in Net Assets
|
|
|
|
|
|
|
|
|
|
|
For The
|
|
For The
|
|
|
Year Ended
|
|
Year Ended
|
|
|
June 30,
2009
|
|
June 30,
2008
|
|
|
|
|
From Investment Activities:
|
|
|
|
|
|
|
|
|
Operations:
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
$
|
129,617
|
|
|
$
|
310,909
|
|
|
|
|
|
|
|
|
|
|
Change in Net Assets from Operations
|
|
|
129,617
|
|
|
|
310,909
|
|
Distributions from Net Investment Income
|
|
|
(125,071
|
)
|
|
|
(305,599
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Change in Net Assets from Investment Activities
|
|
|
4,546
|
|
|
|
5,310
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From Capital Transactions:
|
|
|
|
|
|
|
|
|
Proceeds from Shares Sold
|
|
|
68,242,780
|
|
|
|
38,791,122
|
|
Net Asset Value of Shares Issued Through
Dividend Reinvestment
|
|
|
125,071
|
|
|
|
305,599
|
|
Cost of Shares Repurchased
|
|
|
(58,727,216
|
)
|
|
|
(33,415,758
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Change in Net Assets from Capital Transactions
|
|
|
9,640,635
|
|
|
|
5,680,963
|
|
|
|
|
|
|
|
|
|
|
Total Increase in Net Assets
|
|
|
9,645,181
|
|
|
|
5,686,273
|
|
Net Assets:
|
|
|
|
|
|
|
|
|
Beginning of the Period
|
|
|
20,342,074
|
|
|
|
14,655,801
|
|
|
|
|
|
|
|
|
|
|
End of the Period (Including accumulated undistributed net
investment income of $(126,813)
and $(4,546), respectively)
|
|
$
|
29,987,255
|
|
|
$
|
20,342,074
|
|
|
|
|
|
|
|
|
|
|
14
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Financial
Highlights
The
following schedule presents financial highlights for one share
of the Fund outstanding throughout the periods
indicated.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June
30,
|
|
|
2009
|
|
2008
|
|
2007
|
|
2006
|
|
2005
|
|
|
|
|
Net Asset Value, Beginning of the Period
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Investment Income
|
|
|
0.00
|
(a)(b)
|
|
|
0.02
|
(a)
|
|
|
0.02
|
(a)
|
|
|
0.02
|
(a)
|
|
|
0.01
|
|
Net Realized and Unrealized Gain
|
|
|
-0-
|
|
|
|
-0-
|
|
|
|
-0-
|
(b)
|
|
|
-0-
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from Investment Operations
|
|
|
0.00
|
(b)
|
|
|
0.02
|
|
|
|
0.02
|
|
|
|
0.02
|
|
|
|
0.01
|
|
Less Distributions from Net Investment Income
|
|
|
0.00
|
(b)
|
|
|
0.02
|
|
|
|
0.02
|
|
|
|
0.02
|
|
|
|
0.01
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Asset Value, End of the Period
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
$
|
1.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Return
*
(c)
|
|
|
0.44%
|
(e)
|
|
|
1.51%
|
|
|
|
2.07%
|
|
|
|
1.53%
|
|
|
|
0.73%
|
|
Net Assets at End of the Period (In millions)
|
|
$
|
30.0
|
|
|
$
|
20.3
|
|
|
$
|
14.7
|
|
|
$
|
16.1
|
|
|
$
|
17.5
|
|
Ratio of Expenses to Average
Net Assets
*
(d)
|
|
|
0.66%
|
(e)
|
|
|
1.26%
|
|
|
|
1.57%
|
|
|
|
1.43%
|
|
|
|
1.18%
|
|
Ratio of Net Investment Income to Average
Net Assets
*
|
|
|
0.38%
|
(e)
|
|
|
1.51%
|
|
|
|
2.09%
|
|
|
|
1.54%
|
|
|
|
0.58%
|
|
* If
certain expenses had not been voluntarily assumed by
Van Kampen, total return would have been lower and the
ratios would have been as follows:
|
Ratio of
Expenses to Average Net Assets
(d)
|
|
|
1.39%
|
(e)
|
|
|
2.22%
|
|
|
|
2.22%
|
|
|
|
1.92%
|
|
|
|
1.73%
|
|
Ratio of Net
Investment Income/Loss to Average Net Assets
|
|
|
(0.35%
|
)
(e)
|
|
|
0.55%
|
|
|
|
1.44%
|
|
|
|
1.05%
|
|
|
|
0.03%
|
|
|
|
|
(a)
|
|
Based on average shares outstanding.
|
|
(b)
|
|
Amount is less than $0.01 per share.
|
|
(c)
|
|
Assumes reinvestment of all
distributions for the period and includes combined
Rule 12b-1
fees and service fees of up to .25%.
|
|
(d)
|
|
The Ratio of Expenses to Average
Net Assets does not reflect credits earned on cash balances. If
these credits were reflected as a reduction of expenses, the
ratio would decrease by 0.02% for the year ended June 30,
2007.
|
|
(e)
|
|
The Total Return, Ratio of Expenses
to Average Net Assets and Ratio of Net Investment Income/Loss to
Average Net Assets reflect actual
12b-1
fees
of less than .25% (See footnote 4).
|
15
See Notes to Financial
Statements
Van Kampen
Tax Free Money Fund
Notes to Financial
Statements
n
June 30,
2009
1. Significant
Accounting Policies
Van Kampen Tax Free Money Fund (the Fund) is
organized as a Delaware statutory trust. The Fund is an
open-end, diversified management investment company registered
under the Investment Company Act of 1940, as amended (the
1940 Act). The Funds investment objective is
to seek to provide investors with a high level of current income
exempt from federal income taxes consistent with the
preservation of capital and liquidity through investments in a
diversified portfolio of municipal securities that will mature
within twelve months of the date of purchase. The Fund commenced
investment operations on November 5, 1986.
The following is a summary of significant accounting policies
consistently followed by the Fund in the preparation of its
financial statements. The preparation of financial statements in
conformity with U.S. generally accepted accounting
principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenues
and expenses during the reporting period. Actual results could
differ from those estimates.
A. Security Valuation
Investments are
valued at amortized cost, which approximates market value. Under
this valuation method, a portfolio investment is valued at cost,
any discount is accreted and any premium is amortized on a
straight-line basis to the maturity of the instrument.
B. Fair Value Measurements
Financial
Accounting Standards Board Statement of Financial Accounting
Standards No. 157,
Fair Value Measurements
(FAS 157), defines fair value as the price that the Fund
would receive to sell an investment or pay to transfer a
liability in an orderly transaction with an independent buyer in
the principal market, or in the absence of a principal market
the most advantageous market for the investment or liability.
FAS 157 establishes a three-tier hierarchy to distinguish
between (1) inputs that reflect the assumptions market
participants would use in pricing an asset or liability
developed based on market data obtained from sources independent
of the reporting entity (observable inputs) and (2) inputs
that reflect the reporting entitys own assumptions about
the assumptions market participants would use in pricing an
asset or liability developed based on the best information
available in the circumstances (unobservable inputs) and to
establish classification of fair value measurements for
disclosure purposes. Various inputs are used in determining the
value of the Funds investments. The inputs are summarized
in the three broad levels listed below.
|
|
Level 1
|
quoted prices in active markets for identical investments
|
Level 2
|
other significant observable inputs (including quoted prices for
similar investments, interest rates, prepayment speeds, credit
risk, etc.)
|
Level 3
|
significant unobservable inputs (including the Funds own
assumptions in determining the fair value of investments)
|
The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing
in those securities.
16
Van Kampen
Tax Free Money Fund
Notes to Financial
Statements
n
June 30,
2009
continued
C. Security Transactions
Security
transactions are recorded on a trade date basis. Realized gains
and losses are determined on an identified cost basis. Interest
income is recorded on an accrual basis.
D. Federal Income Taxes
It is the
Funds policy to comply with the requirements of Subchapter
M of the Internal Revenue Code applicable to regulated
investment companies and to distribute substantially all of its
taxable income, if any, to its shareholders. Therefore, no
provision for federal income taxes is required. Financial
Accounting Standards Board Interpretation No. 48,
Accounting for Uncertainty in Income Taxes
, sets forth a
minimum threshold for financial statement recognition of the
benefit of a tax position taken or expected to be taken in a tax
return. Management has concluded there are no significant
uncertain tax positions that would require recognition in the
financial statements. If applicable, the Fund recognizes
interest accrued related to unrecognized tax benefits in
Interest Expense and penalties in Other
expenses on the Statement of Operations. The Fund files tax
returns with the U.S. Internal Revenue Service. Generally,
each of the tax years in the four year period ended
June 30, 2009, remains subject to examination by taxing
authorities.
The Fund intends to utilize provisions of the federal income tax
laws, which allow it to carry a realized capital loss forward
for eight years following the year of the loss and offset such
losses against any future realized capital gains. At
June 30, 2009, the Fund had an accumulated capital loss
carry forward for tax purposes of $14,956, which will expire
according to the following schedule:
|
|
|
|
|
|
|
|
|
Amount
|
|
|
|
Expiration
|
|
$
|
4,652
|
|
|
|
|
|
June 30, 2012
|
|
|
101
|
|
|
|
|
|
June 30, 2013
|
|
|
10,203
|
|
|
|
|
|
June 30, 2017
|
|
E. Distribution of Income and Gains
The
Fund declares dividends from net investment income daily and
automatically reinvests such dividends daily. Net realized
gains, if any, are distributed at least annually. Shareholders
can elect to receive the cash equivalent of their daily
dividends at each month end.
The tax character of distributions paid during the years ended
June 30, 2009 and 2008 was as follows:
|
|
|
|
|
|
|
|
|
|
|
2009
|
|
2008
|
|
Distributions paid from:
|
|
|
|
|
|
|
|
|
Ordinary income
|
|
$
|
1,524
|
|
|
$
|
1,754
|
|
Tax-exempt income
|
|
|
264,817
|
|
|
|
309,348
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
266,341
|
|
|
$
|
311,102
|
|
|
|
|
|
|
|
|
|
|
Permanent differences, primarily due to the utilization of
earnings and profits distributed to the shareholders on
redemption of shares as part of the dividends paid deduction for
17
Van Kampen
Tax Free Money Fund
Notes to Financial
Statements
n
June 30,
2009
continued
income tax purposes and a deferred
compensation plan reclass, resulted in the following
reclassifications among the Funds components of net assets
at June 30, 2009:
|
|
|
|
|
|
|
|
|
|
|
Accumulated
Undistributed Net
|
|
Accumulated
|
|
|
Investment
Income
|
|
Net Realized
Loss
|
|
Capital
|
|
$
|
(126,813
|
)
|
|
$
|
(13,899
|
)
|
|
$
|
140,712
|
|
As of June 30, 2009, the components of distributable
earnings on a tax basis were as follows:
|
|
|
|
|
Undistributed tax-exempt income
|
|
$
|
82,277
|
|
F. Reporting Subsequent Events
In
accordance with the provisions set forth in Financial Accounting
Standards Board Statement of Financial Accounting Standards
No. 165,
Subsequent Events
, adopted by the Fund as
of June 30, 2009, management has evaluated the possibility
of subsequent events existing in the Funds financial
statements through August 21, 2009. Management has
determined that there are no material events or transactions
that would effect the financial statements or would require
disclosure in the Funds financial statements through this
date.
2. Investment
Advisory Agreement and Other Transactions with
Affiliates
Under the terms of the Funds Investment Advisory
Agreement, Van Kampen Asset Management (the
Adviser) will provide investment advice and
facilities to the Fund for an annual fee payable monthly as
follows:
|
|
|
|
|
Average Daily Net
Assets
|
|
% Per
Annum
|
|
First $500 million
|
|
|
.450%
|
|
Next $250 million
|
|
|
.375%
|
|
Next $250 million
|
|
|
.325%
|
|
Next $500 million
|
|
|
.300%
|
|
Next $500 million
|
|
|
.275%
|
|
Next $500 million
|
|
|
.250%
|
|
Next $500 million
|
|
|
.225%
|
|
Next $12 billion
|
|
|
.200%
|
|
Over $15 billion
|
|
|
.199%
|
|
The Funds Adviser is currently waiving or reimbursing all
or a portion of the Funds advisory fees or other expenses.
This resulted in a net expense ratio of .66%. The fee waivers or
expense reimbursements are voluntary and can be discontinued at
any time. For the year ended June 30, 2009, the Adviser
waived or reimbursed approximately $197,700 of advisory fees or
other expenses.
For the year ended June 30, 2009, the Fund recognized
expenses of approximately $6,800 representing legal services
provided by Skadden, Arps, Slate, Meagher & Flom LLP,
of which a trustee of the Fund is a partner of such firm and he
and his law firm provide legal services as legal counsel to the
Fund.
Under separate Legal Services, Accounting Services and Chief
Compliance Officer (CCO) Employment agreements, the Adviser
provides accounting and legal services and the CCO
18
Van Kampen
Tax Free Money Fund
Notes to Financial
Statements
n
June 30,
2009
continued
provides compliance services to the
Fund. The costs of these services are allocated to each fund.
For the year ended June 30, 2009, the Fund recognized
expenses of approximately $24,500 representing Van Kampen
Investments Inc.s or its affiliates (collectively
Van Kampen) cost of providing accounting and
legal services to the Fund, as well as the salary, benefits and
related costs of the CCO and related support staff paid by
Van Kampen. Services provided pursuant to the Legal
Services agreement are reported as part of Professional
Fees on the Statement of Operations. Services provided
pursuant to the Accounting Services and CCO Employment agreement
are reported as part of Accounting and Administrative
Expenses on the Statement of Operations.
Van Kampen Investor Services Inc. (VKIS), an affiliate of
the Adviser, serves as the shareholder servicing agent for the
Fund. For the year ended June 30, 2009, the Fund recognized
expenses of approximately $14,300 representing transfer agency
fees paid to VKIS and its affiliates. Transfer agency fees are
determined through negotiations with the Funds Board of
Trustees.
Certain officers and trustees of the Fund are also officers and
directors of Van Kampen. The Fund does not compensate its
officers or trustees who are also officers of Van Kampen.
The Fund provides deferred compensation and retirement plans for
its trustees who are not officers of Van Kampen. Under the
deferred compensation plan, trustees may elect to defer all or a
portion of their compensation. Amounts deferred are retained by
the Fund and, to the extent permitted by the 1940 Act, may be
invested in the common shares of those funds selected by the
trustees. Investments in such funds of approximately $96,200 are
included in Other assets on the Statement of Assets
and Liabilities at June 30, 2009. Appreciation/depreciation
and distributions received from these investments are recorded
with an offsetting increase/decrease in the deferred
compensation obligation and do not affect the net asset value of
the Fund. Benefits under the retirement plan are payable upon
retirement for a ten-year period and are based upon each
trustees years of service to the Fund. The maximum annual
benefit per trustee under the plan is $2,500.
3. Capital
Transactions
For the years ended June 30, 2009 and 2008, transactions
were as follows:
|
|
|
|
|
|
|
|
|
|
|
Year Ended
|
|
Year Ended
|
|
|
June 30,
2009
|
|
June 30,
2008
|
|
Beginning Shares
|
|
|
20,369,625
|
|
|
|
14,688,662
|
|
|
|
|
|
|
|
|
|
|
Shares Sold
|
|
|
68,242,780
|
|
|
|
38,791,122
|
|
Shares Issued Through Dividend Reinvestment
|
|
|
125,071
|
|
|
|
305,599
|
|
Shares Repurchased
|
|
|
(58,727,216
|
)
|
|
|
(33,415,758
|
)
|
|
|
|
|
|
|
|
|
|
Net Change in Shares Outstanding
|
|
|
9,640,635
|
|
|
|
5,680,963
|
|
|
|
|
|
|
|
|
|
|
Ending Shares
|
|
|
30,010,260
|
|
|
|
20,369,625
|
|
|
|
|
|
|
|
|
|
|
4. Distribution
and Service Plans
Shares of the Fund are distributed by Van Kampen Funds Inc.
(the Distributor), an affiliate of the Adviser. The
Fund has adopted a distribution plan pursuant to
Rule 12b-1
under the 1940 Act, and a service plan (collectively, the
Plans) to compensate the Distributor for the sale,
distribution, shareholder servicing and maintenance of
shareholder accounts. Under the Plans, the Fund will incur
annual fees of up to .25% of average daily net assets. These
fees are
19
Van Kampen
Tax Free Money Fund
Notes to Financial
Statements
n
June 30,
2009
continued
accrued daily and paid to the
Distributor monthly. The Distributor is currently waiving a
portion of the distribution and service fees. For the year ended
June 30, 2009, the Distributor waived $52,580 of
distribution and service fees. Due to the voluntary waiver, the
aggregate distribution and service fees are .10%. This waiver is
voluntary in nature and can be discontinued at any time.
5. Indemnifications
The Fund enters into contracts that contain a variety of
indemnifications. The Funds maximum exposure under these
arrangements is unknown. However, the Fund has not had prior
claims or losses pursuant to these contracts and expects the
risk of loss to be remote.
6. U.S. Treasury
Temporary Guaranty Program
The Board of Trustees approved the participation by the Fund in
the U.S. Department of the Treasurys Temporary
Guarantee Program (Program) for money market funds.
Although the Fund has continued to maintain a net asset value of
$1.00 per share, the Fund believes that participation in the
Program will provide an added level of assurance for its
shareholders. The Program provides a guarantee to participating
money market mutual fund shareholders based on the number of
shares invested in the Fund at the close of business on
September 19, 2008. Any increase in the number of shares an
investor holds after the close of business on September 19,
2008, will not be guaranteed. If a customer closes
his/her
account with the Fund or broker-dealer, any future investment in
the Fund will not be guaranteed. If the number of shares an
investor holds fluctuates over the period, the investor will be
covered for either the number of shares held as of the close of
business on September 19, 2008, or the current amount,
whichever is less. The Program had originally been set to expire
on December 18, 2008, but was recently extended by the
Treasury Department until September 18, 2009. The cost
related to the Program, amounting to $8,634, is borne by the
Fund and amortized on a straight line basis over the term of the
Programs coverage.
20
Van Kampen
Tax Free Money Fund
Report
of Independent Registered Public Accounting Firm
To the Shareholders and Board of Trustees of Van Kampen Tax
Free Money Fund
We have audited the accompanying statement of assets and
liabilities, including the portfolio of investments, of
Van Kampen Tax Free Money Fund (the Fund) as of
June 30, 2009, and the related statement of operations for
the year then ended, the statements of changes in net assets for
each of the two years in the period then ended, and the
financial highlights for each of the five years in the period
then ended. These financial statements and financial highlights
are the responsibility of the Funds management. Our
responsibility is to express an opinion on these financial
statements and financial highlights based on our audits.
We conducted our audits in accordance with the standards of the
Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements and
financial highlights are free of material misstatement. We were
not engaged to perform an audit of the Funds internal
control over financial reporting. Our audits included
consideration of internal control over financial reporting as a
basis for designing audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion
on the effectiveness of the Funds internal control over
financial reporting. Accordingly, we express no such opinion. An
audit also includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial
statements and financial highlights, assessing the accounting
principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. Our
procedures included confirmation of securities owned as of
June 30, 2009, by correspondence with the custodian. We
believe that our audits provide a reasonable basis for our
opinion.
In our opinion, the financial statements and financial
highlights referred to above present fairly, in all material
respects, the financial position of Van Kampen Tax Free
Money Fund at June 30, 2009, the results of its operations
for the year then ended, the changes in its net assets for each
of the two years in the period then ended, and the financial
highlights for each of the five years in the period then ended,
in conformity with U.S. generally accepted accounting
principles.
Chicago, Illinois
August 21, 2009
21
Van Kampen
Tax Free Money Fund
Board of Trustees, Officers and Important Addresses
|
|
|
Board
of Trustees
David C. Arch
Jerry D. Choate
Rod Dammeyer
Linda Hutton Heagy
R. Craig Kennedy
Howard J Kerr
Jack E. Nelson
Hugo F. Sonnenschein
Wayne W. Whalen*
Chairman
Suzanne H. Woolsey
Officers
Edward C. Wood III
President and Principal Executive Officer
Kevin Klingert
Vice President
Stefanie V. Chang Yu
Vice President and Secretary
John L. Sullivan
Chief Compliance Officer
Stuart N. Schuldt
Chief Financial Officer and Treasurer
|
|
Investment
Adviser
Van Kampen Asset Management
522 Fifth Avenue
New York, New York 10036
Distributor
Van Kampen Funds Inc.
522 Fifth Avenue
New York, New York 10036
Shareholder
Servicing Agent
Van Kampen Investor Services Inc.
P.O. Box 219286
Kansas City, Missouri 64121-9286
Custodian
State Street Bank
and Trust Company
One Lincoln Street
Boston, Massachusetts 02111
Legal
Counsel
Skadden, Arps, Slate,
Meagher & Flom LLP
155 North Wacker Drive
Chicago, Illinois 60606
Independent
Registered
Public Accounting Firm
Ernst & Young LLP
233 South Wacker Drive
Chicago, Illinois 60606
|
For
federal income tax purposes, the following information is
furnished with respect to the distributions paid by the Fund
during its taxable year ended June 30, 2009. The Fund
designated 99.4% of the income distributions as a tax-exempt
income distribution. In addition, Fund shareholders redeemed
$58,721,084 of shares during the fiscal year. Of these proceeds,
$141,598 represents tax-exempt income from the Fund. In January,
the Fund provides tax information to shareholders for the
preceding calendar year.
|
|
|
*
|
|
Interested persons of
the Fund, as defined in the Investment Company Act of 1940, as
amended.
|
22
Van Kampen Tax
Free Money Fund
The business and affairs of each Fund are managed under the
direction of the Funds Board of Trustees and the
Funds officers appointed by the Board of Trustees. The
tables below list the trustees and executive officers of each
Fund and their principal occupations during the last five years,
other directorships held by trustees and their affiliations, if
any, with Van Kampen Investments, the Adviser, the
Distributor, Van Kampen Advisors Inc., Van Kampen
Exchange Corp. and Investor Services. The term Fund
Complex includes each of the investment companies advised
by the Adviser as of the date of this Annual Report. Trustees
serve until reaching their retirement age or until their
successors are duly elected and qualified. Officers are annually
elected by the trustees.
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent
Trustees
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Independent
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
David C. Arch (64)
Blistex Inc.
1800 Swift Drive
Oak Brook, IL 60523
|
|
Trustee
|
|
Trustee
since 2003
|
|
Chairman and Chief Executive Officer of Blistex Inc., a consumer
health care products manufacturer.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the
Fund Complex. Member of the Heartland Alliance
advisory board, a nonprofit organization serving human needs
based in Chicago. Board member of the Illinois
Manufacturers Association. Member of the Board of
Visitors, Institute for the Humanities, University
of Michigan.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jerry D. Choate (70)
33971 Selva Road
Suite 130
Dana Point, CA 92629
|
|
Trustee
|
|
Trustee
since 1999
|
|
Prior to January 1999, Chairman and Chief Executive Officer
of the Allstate Corporation (Allstate) and Allstate
Insurance Company. Prior to January 1995, President and
Chief Executive Officer of Allstate. Prior to August 1994,
various management positions at Allstate.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of Amgen Inc., a biotechnological company, and
Valero Energy Corporation, an independent refining company.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
23
|
|
|
|
|
|
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Independent
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
Rod Dammeyer (68)
CAC, LLC
4350 La Jolla Village Drive
Suite 685
San Diego, CA 92122-1249
|
|
Trustee
|
|
Trustee
since 2003
|
|
President of CAC, L.L.C., a private company offering capital
investment and management advisory services.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of Quidel Corporation, Stericycle, Inc. Prior
to May 2008, Trustee of The Scripps Research Institute. Prior to
February 2008, Director of Ventana Medical Systems, Inc. Prior
to April 2007, Director of GATX Corporation. Prior to April
2004, Director of TheraSense, Inc. Prior to January 2004,
Director of TeleTech Holdings Inc. and Arris Group, Inc.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Linda Hutton Heagy (61)
4939 South Greenwood
Chicago, IL 60615
|
|
Trustee
|
|
Trustee
since 1995
|
|
Prior to February 2008, Managing Partner of Heidrick &
Struggles, an international executive search firm. Prior to
1997, Partner of Ray & Berndtson, Inc., an executive
recruiting firm. Prior to 1995, Executive Vice President of ABN
AMRO, N.A., a bank holding company. Prior to 1990, Executive
Vice President of The Exchange National Bank.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the
Fund Complex. Trustee on the University of Chicago Medical
Center Board, Vice Chair of the Board of the YMCA of
Metropolitan Chicago and a member of the Womens Board of
the University of Chicago.
|
24
|
|
|
|
|
|
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Independent
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
R. Craig Kennedy (57)
1744 R Street, NW
Washington, DC 20009
|
|
Trustee
|
|
Trustee
since 1995
|
|
Director and President of the German Marshall Fund of the United
States, an independent U.S. foundation created to deepen
understanding, promote collaboration and stimulate exchanges of
practical experience between Americans and Europeans. Formerly,
advisor to the Dennis Trading Group Inc., a managed futures and
option company that invests money for individuals and
institutions. Prior to 1992, President and Chief Executive
Officer, Director and member of the Investment Committee of the
Joyce Foundation, a private foundation.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of First Solar, Inc.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Howard J Kerr (73)
14 Huron Trace
Galena, IL 61036
|
|
Trustee
|
|
Trustee
since 2003
|
|
Prior to 1998, President and Chief Executive Officer of
Pocklington Corporation, Inc., an investment
holding company.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of the Lake Forest Bank & Trust.
Director of the Marrow Foundation.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Jack E. Nelson (73)
423 Country Club Drive
Winter Park, FL 32789
|
|
Trustee
|
|
Trustee
since 1986
|
|
President of Nelson Investment Planning Services, Inc., a
financial planning company and registered investment adviser in
the State of Florida. President of Nelson Ivest Brokerage
Services Inc., a member of the Financial Industry Regulatory
Authority (FINRA), Securities Investors Protection
Corp. and the Municipal Securities Rulemaking Board. President
of Nelson Sales and Services Corporation, a marketing and
services company to support affiliated companies.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the
Fund Complex.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25
|
|
|
|
|
|
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Independent
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
Hugo F. Sonnenschein (68)
1126 E. 59th Street
Chicago, IL 60637
|
|
Trustee
|
|
Trustee
since 2003
|
|
President Emeritus and Honorary Trustee of the University of
Chicago and the Adam Smith Distinguished Service Professor in
the Department of Economics at the University of Chicago. Prior
to July 2000, President of the University of Chicago.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Trustee of the University of Rochester and a member of
its investment committee. Member of the National Academy of
Sciences, the American Philosophical Society and a fellow of the
American Academy of Arts and Sciences.
|
26
|
|
|
|
|
|
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Independent
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
Suzanne H. Woolsey, Ph.D. (67)
815 Cumberstone Road
Harwood, MD 20776
|
|
Trustee
|
|
Trustee
since 1999
|
|
Chief Communications Officer of the National Academy of
Sciences/National Research Council, an independent, federally
chartered policy institution, from 2001 to November 2003 and
Chief Operating Officer from 1993 to 2001. Prior to 1993,
Executive Director of the Commission on Behavioral and Social
Sciences and Education at the National Academy of
Sciences/National Research Council. From 1980 through 1989,
Partner of Coopers & Lybrand.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Trustee of Changing World Technologies, Inc., an energy
manufacturing company, since July 2008. Director of Fluor Corp.,
an engineering, procurement and construction organization, since
January 2004. Director of Intelligent Medical Devices, Inc., a
symptom based diagnostic tool for physicians and clinical labs.
Director of the Institute for Defense Analyses, a federally
funded research and development center, Director of the German
Marshall Fund of the United States, Director of the Rocky
Mountain Institute and Trustee of California Institute of
Technology and the Colorado College.
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
Interested
Trustee
*
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
Name, Age and
Address
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
|
Overseen
|
|
Other
Directorships
|
of Interested
Trustee
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
By
Trustee
|
|
Held by
Trustee
|
|
Wayne W. Whalen* (69)
333 West Wacker Drive
Chicago, IL 60606
|
|
Trustee
|
|
Trustee
since 1986
|
|
Partner in the law firm of Skadden, Arps, Slate,
Meagher & Flom LLP, legal counsel to funds in the Fund
Complex.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in
the Fund Complex. Director of the Abraham Lincoln
Presidential Library Foundation.
|
|
|
|
|
|
As indicated above, prior to
February 2008, Ms. Heagy was an employee of Heidrick and
Struggles, an international executive search firm
(Heidrick). Heidrick has been (and may continue to
be) engaged by Morgan Stanley from time to time to perform
executive searches. Such searches have been done by
professionals at Heidrick without any involvement by
Ms. Heagy. Ethical wall procedures exist to ensure that
Ms. Heagy will not have any involvement with any searches
performed by Heidrick for Morgan Stanley. Ms. Heagy does
not receive any compensation, directly or indirectly, for
searches performed by Heidrick for Morgan Stanley.
|
|
*
|
|
Mr. Whalen is an interested
person (within the meaning of Section 2(a)(19) of the
1940 Act) of certain funds in the Fund Complex by reason of he
and his firm currently providing legal services as legal counsel
to such funds in the Fund Complex.
|
28
Van Kampen Tax
Free Money Fund
Trustee
and Officer
Information
continued
|
|
|
|
|
|
|
Officers
|
|
|
|
|
Term of
|
|
|
|
|
|
|
Office and
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
Name, Age and
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
Address of
Officer
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
Edward C. Wood III (53)
1 Parkview Plaza Suite 100
Oakbrook Terrace, IL 60181
|
|
President and
Principal Executive
Officer
|
|
Officer
since 2008
|
|
President and Principal Executive Officer of funds in the Fund
Complex since November 2008. Managing Director of
Van Kampen Investments Inc., the Adviser, the Distributor,
Van Kampen Advisors Inc. and Van Kampen Exchange Corp.
since December 2003. Chief Administrative Officer of the
Adviser, Van Kampen Advisors Inc. and Van Kampen
Exchange Corp. since December 2002. Chief Operating Officer of
the Distributor since December 2002. Director of Van Kampen
Advisors Inc., the Distributor and Van Kampen Exchange
Corp. since March 2004. Director of the Adviser since August
2008. Director of Van Kampen Investments Inc. and
Van Kampen Investor Services Inc. since June 2008.
Previously, Director of the Adviser and Van Kampen
Investments Inc. from March 2004 to January 2005 and Chief
Administrative Officer of Van Kampen Investments Inc. from 2002
to 2009.
|
Kevin Klingert (46)
522 Fifth Avenue
New York, NY 10036
|
|
Vice President
|
|
Officer
since 2008
|
|
Vice President of funds in the Fund Complex since May 2008.
Global Head, Chief Operating Officer and acting Chief Investment
Officer of the Fixed Income Group of Morgan Stanley Investment
Management Inc. since April 2008. Head of Global Liquidity
Portfolio Management and co-Head of Liquidity Credit Research of
Morgan Stanley Investment Management since December 2007.
Managing Director of Morgan Stanley Investment Management Inc.
from December 2007 to March 2008. Previously, Managing Director
on the Management Committee and head of Municipal Portfolio
Management and Liquidity at BlackRock from October 1991 to
January 2007.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stefanie V. Chang Yu (42)
522 Fifth Avenue
New York, NY 10036
|
|
Vice President
and Secretary
|
|
Officer
since 2003
|
|
Managing Director of Morgan Stanley Investment Management Inc.
Vice President and Secretary of funds in the Fund Complex.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John L. Sullivan (53)
1 Parkview Plaza Suite 100
Oakbrook Terrace, IL 60181
|
|
Chief Compliance Officer
|
|
Officer
since 1996
|
|
Chief Compliance Officer of funds in the Fund Complex since
August 2004. Prior to August 2004, Director and Managing
Director of Van Kampen Investments, the Adviser,
Van Kampen Advisors Inc. and certain other subsidiaries of
Van Kampen Investments, Vice President, Chief Financial
Officer and Treasurer of funds in the Fund Complex and head of
Fund Accounting for Morgan Stanley Investment Management Inc.
Prior to December 2002, Executive Director of Van Kampen
Investments, the Adviser and Van Kampen Advisors Inc.
|
29
|
|
|
|
|
|
|
Van
Kampen Tax Free Money Fund
|
Trustee and
Officer
Information
continued
|
|
|
|
|
Term of
|
|
|
|
|
|
|
Office and
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
Name, Age and
|
|
Held with
|
|
Time
|
|
Principal
Occupation(s)
|
Address of
Officer
|
|
each
Fund
|
|
Served
|
|
During Past 5
Years
|
|
Stuart N. Schuldt (47)
1 Parkview Plaza Suite 100
Oakbrook Terrace, IL 60181
|
|
Chief Financial Officer
and Treasurer
|
|
Officer
since 2007
|
|
Executive Director of Morgan Stanley Investment Management Inc.
since June 2007. Chief Financial Officer and Treasurer of funds
in the Fund Complex since June 2007. Prior to June 2007, Senior
Vice President of Northern Trust Company, Treasurer and
Principal Financial Officer for Northern Trust U.S. mutual
fund complex.
|
Van
Kampen Tax Free Money Fund
An Important Notice Concerning Our
U.S.
Privacy Policy
We are required by
federal law to provide you with a copy of our Privacy Policy
annually.
This Policy applies
to current and former individual clients of Van Kampen
Investments Inc., Van Kampen Asset Management,
Van Kampen Advisors Inc., Van Kampen Funds Inc.,
Van Kampen Investor Services Inc. and Van Kampen
Exchange Corp., as well as current and former individual
investors in Van Kampen mutual funds, unit investment
trusts, and related companies.
This Policy is not
applicable to partnerships, corporations, trusts or other
non-individual clients or account holders, nor is this Policy
applicable to individuals who are either beneficiaries of a
trust for which we serve as trustee or participants in an
employee benefit plan administered or advised by us. This Policy
is, however, applicable to individuals who select us to be a
custodian of securities or assets in individual retirement
accounts, 401(k) accounts, 529 Educational Savings Accounts,
accounts subject to the Uniform Gifts to Minors Act, or similar
accounts. Please note that we may amend this Policy at any time,
and will inform you of any changes to this Policy as required by
law.
We Respect Your
Privacy
We appreciate that
you have provided us with your personal financial information
and understand your concerns about safeguarding such
information. We strive to maintain the privacy of such
information while we help you achieve your financial objectives.
This Policy describes what nonpublic personal information we
collect about you, how we collect it, when we may share it with
others, and how others may use it. It discusses the steps you
may take to limit our sharing of information about you with
affiliated Van Kampen companies (affiliated
companies). It also discloses how you may limit our
affiliates use of shared information for marketing
purposes. Throughout this Policy, we refer to the nonpublic
information that personally identifies you or your accounts as
personal information.
1. What
Personal Information Do We Collect About
You?
To better serve you
and manage our business, it is important that we collect and
maintain accurate information about you. We obtain this
information from applications and other forms you submit to us,
from your dealings with us, from consumer reporting agencies and
from third parties and other sources. For example:
|
|
|
|
|
|
We collect
information such as your name, address,
e-mail
address, phone number and account title.
|
|
(continued
on next page)
Van
Kampen Tax Free Money Fund
An Important Notice Concerning Our
U.S. Privacy Policy
continued
|
|
|
|
|
|
We may obtain
information about account balances, your use of account(s) and
the types of products and services you prefer to receive from us
through your dealings and transactions with us and other sources.
|
|
|
|
|
We may obtain
information about your creditworthiness and credit history from
consumer reporting agencies.
|
|
|
|
|
We may collect
background information from and through third-party vendors to
verify representations you have made and to comply with various
regulatory requirements.
|
|
|
|
|
If you interact with
us through our public and private Web sites, we may collect
information that you provide directly through online
communications (such as an
e-mail
address). We may also collect information about your Internet
service provider, your domain name, your computers
operating system and Web browser, your use of our Web sites and
your product and service preferences, through the use of
cookies. Cookies recognize your computer
each time you return to one of our sites, and help to improve
our sites content and personalize your experience on our
sites by, for example, suggesting offerings that may interest
you. Please consult the Terms of Use of these sites for more
details on our use of cookies.
|
|
2. When Do
We Disclose Personal Information We Collect About
You?
To provide you with
the products and services you request, to better serve you, to
manage our business and as otherwise required or permitted by
law, we may disclose personal information we collect about you
to other affiliated companies and to nonaffiliated third
parties.
A. Information
We Disclose to Our Affiliated
Companies.
In
order to manage your account(s) effectively, including servicing
and processing your transactions, to let you know about products
and services offered by us and affiliated companies, to manage
our business, and as otherwise required or permitted by law, we
may disclose personal information to other affiliated companies.
Offers for products and services from affiliated companies are
developed under conditions designed to safeguard your personal
information.
B. Information
We Disclose to Third
Parties.
We
do not disclose personal information that we collect about you
to nonaffiliated third parties except to enable them to provide
marketing services on our behalf, to perform joint marketing
agreements with other financial institutions, and as otherwise
required or permitted by law. For example, some instances where
we may disclose information about you to third
(continued
on next page)
Van
Kampen Tax Free Money Fund
An Important Notice Concerning Our
U.S. Privacy Policy
continued
parties
include: for servicing and processing transactions, to offer our
own products and services, to protect against fraud, for
institutional risk control, to respond to judicial process or to
perform services on our behalf. When we share personal
information with a nonaffiliated third party, they are required
to limit their use of personal information to the particular
purpose for which it was shared and they are not allowed to
share personal information with others except to fulfill that
limited purpose.
3. How Do We
Protect the Security and Confidentiality of Personal Information
We Collect About
You?
We maintain
physical, electronic and procedural security measures to help
safeguard the personal information we collect about you. We have
internal policies governing the proper handling of client
information. Third parties that provide support or marketing
services on our behalf may also receive personal information,
and we require them to adhere to confidentiality standards with
respect to such information.
4. How Can
You Limit the Sharing of Certain Types of Personal Information
With Affiliated
Companies?
We respect your
privacy and offer you choices as to whether we share with
affiliated companies personal information that was collected to
determine your eligibility for products and services you request
(eligibility information). Please note that, even if
you direct us not to share eligibility information with
affiliated companies (opt-out), we may still share
personal information, including eligibility information, with
those companies in circumstances excluded from the opt-out under
applicable law, such as to process transactions or to service
your account. We may also share certain other types of personal
information with affiliated companiessuch as your name,
address, telephone number,
e-mail
address and account number(s), and information about your
transactions and experiences with us.
5. How Can
You Limit the Use of Certain Types of Personal Information by
Affiliated Companies for
Marketing?
You may limit
affiliated companies from marketing their products or services
to you based on your personal information that they receive from
affiliated companies. This information includes your income,
assets and account history. Your choice to limit marketing
offers from affiliated companies will apply until you tell us to
change your choice.
(continued
on next page)
Van
Kampen Tax Free Money Fund
An Important Notice Concerning Our
U.S. Privacy Policy
continued
If you wish to
opt-out of sharing and to limit marketing offers, you may do so
by:
|
|
|
|
|
|
Calling us at
(800) 847-2424
Monday-Friday between 8 a.m. and 8 p.m. (ET)
|
|
|
|
|
Writing to us at the
following address:
Van Kampen Privacy Department
Harborside Financial Center, Plaza Two, 3rd Floor
Jersey City, NJ 07311
|
|
If you choose to
write to us, your written request should include your name,
address, telephone number and account number(s) to which the
opt-out applies and should not be sent with any other
correspondence. In order to process your request, we require
that the request be provided by you directly and not through a
third party.
If you have
previously notified us about your privacy preferences, it is not
necessary to do so again unless you decide to change your
preferences. Your opt-out preference will remain in effect with
respect to this Policy (as it may be amended) until you notify
us otherwise in writing. If you have a joint account, your
direction for us not to share this information with other
affiliated companies and for those affiliated companies not to
use your personal information for marketing will be applied to
all account holders on that account.
Please understand
that if you opt-out, you and any joint account holders may not
receive information about affiliated company products and
services that could help you manage your financial resources and
achieve your investment objectives.
If you hold more
than one account with Van Kampen, you may receive multiple
privacy policies from us, and would need to follow the
directions stated in each particular policy for each account you
have with us.
SPECIAL NOTICE TO
RESIDENTS OF
VERMONT
This section
supplements our Policy with respect to our individual clients
who have a Vermont address and supersedes anything to the
contrary in the above Policy with respect to those clients
only.
The State of Vermont
requires financial institutions to obtain your consent prior to
sharing personal information that they collect about you with
affiliated companies and nonaffiliated third parties other than
in certain limited circumstances. Except as permitted by law, we
will not share personal information we collect about you with
nonaffiliated third parties or other affiliated companies unless
you provide us with your written consent to share such
information (opt-in).
(continued
on back)
Van
Kampen Tax Free Money Fund
An Important Notice Concerning Our
U.S. Privacy Policy
continued
If you wish to
receive offers for investment products and services offered by
or through other affiliated companies, please notify us in
writing at the following address:
|
|
|
|
|
|
Van Kampen
Privacy Department
Harborside Financial Center, Plaza Two, 3rd Floor
Jersey City, NJ 07311
|
|
Your authorization
should include your name, address, telephone number and account
number(s) to which the opt-in applies and should not be sent
with any other correspondence. In order to process your
authorization, we require that the authorization be provided by
you directly and not through a third-party.
The
Statement of Additional Information includes additional
information about Fund trustees and is available, without
charge, upon request by
calling 1-800-847-2424.
522
Fifth Avenue
New
York, New York 10036
www.vankampen.com
Copyright
©
2009
Van Kampen Funds Inc.
All
rights reserved. Member FINRA/SIPC
188
TFMMANN
08/09
IU09-03437P-Y06/09
Item 2. Code of Ethics.
(a) The Fund has adopted a code of ethics (the Code of Ethics) that applies to its principal
executive officer, principal financial officer, principal accounting officer or controller, or
persons performing similar functions, regardless of whether these individuals are employed by the
Fund or a third party.
(b)
|
|
No information need be disclosed pursuant to this paragraph.
|
|
(c)
|
|
Due to personnel changes at the Adviser, the list of covered officers set forth in Exhibit B
was amended in November 2008 and the general counsels designee set forth in Exhibit C was
amended in April 2009. Both editions of Exhibit B and both editions of Exhibit C are
attached.
|
|
(d)
|
|
Not applicable.
|
|
(e)
|
|
Not applicable.
|
|
(f)
|
|
|
|
(1)
|
|
The Funds Code of Ethics is attached hereto as Exhibit 12(1).
|
|
|
(2)
|
|
Not applicable.
|
|
|
(3)
|
|
Not applicable.
|
Item 3. Audit Committee Financial Expert.
The Funds Board of Trustees has determined that it has three audit committee financial experts
serving on its audit committee, each of whom are independent Trustees : Rod Dammeyer, Jerry D.
Choate and R. Craig Kennedy. Under applicable securities laws, a person who is determined to be an
audit committee financial expert will not be deemed an expert for any purpose, including without
limitation for the purposes of Section 11 of the Securities Act of 1933, as a result of being
designated or identified as an audit committee financial expert. The designation or identification
of a person as an audit committee financial expert does not impose on such person any duties,
obligations, or liabilities that are greater than the duties, obligations, and liabilities imposed
on such person as a member of the audit committee and Board of Trustees in the absence of such
designation or identification.
Item 4. Principal Accountant Fees and Services.
(a)(b)(c)(d) and (g). Based on fees billed for the periods shown:
2009
|
|
|
|
|
|
|
|
|
|
|
Registrant
|
|
|
Covered Entities
|
(1)
|
Audit Fees
|
|
$
|
18,400
|
|
|
|
N/A
|
|
|
|
|
|
|
|
|
|
|
Non-Audit Fees
|
|
|
|
|
|
|
|
|
Audit-Related Fees
|
|
$
|
0
|
|
|
$
|
0
|
(2)
|
Tax Fees
|
|
$
|
2,800
|
(3)
|
|
$
|
25,300
|
(4)
|
All Other Fees
|
|
$
|
0
|
|
|
$
|
283,445
|
(5)
|
Total Non-Audit Fees
|
|
$
|
2,800
|
|
|
$
|
308,745
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
21,200
|
|
|
$
|
308,745
|
|
2008
|
|
|
|
|
|
|
|
|
|
|
Registrant
|
|
|
Covered Entities
|
(1)
|
Audit Fees
|
|
$
|
18,400
|
|
|
|
N/A
|
|
|
|
|
|
|
|
|
|
|
Non-Audit Fees
|
|
|
|
|
|
|
|
|
Audit-Related Fees
|
|
$
|
0
|
|
|
$
|
525,100
|
(2)
|
Tax Fees
|
|
$
|
2,800
|
(3)
|
|
$
|
59,185
|
(4)
|
All Other Fees
|
|
$
|
0
|
|
|
$
|
401,291
|
(5)
|
Total Non-Audit Fees
|
|
$
|
2,800
|
|
|
$
|
985,576
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$
|
21,200
|
|
|
$
|
985,576
|
|
|
|
|
N/A- Not applicable, as not required by Item 4.
|
|
(1)
|
|
Covered Entities include the Adviser (excluding sub-advisors) and
any entity controlling, controlled by or under common control with the Adviser
that provides ongoing services to the Registrant.
|
|
(2)
|
|
Audit-Related Fees represent assurance and related services provided
that are reasonably related to the performance of the audit of the financial
statements of the Covered Entities and funds advised by the Adviser or its
affiliates, specifically attestation services provided in connection with a
SAS 70 Report.
|
|
(3)
|
|
Tax Fees represent tax advice and compliance services provided in
connection with the review of the Registrants tax.
|
|
(4)
|
|
Tax Fees represent tax advice services provided to Covered Entities,
including research and identification of PFIC entities.
|
|
(5)
|
|
All Other Fees represent attestation services provided in connection
with performance presentation standards.
|
(e)(1) The audit committees pre-approval policies and procedures are as follows:
JOINT AUDIT COMMITTEE
AUDIT AND NON-AUDIT SERVICES
PRE-APPROVAL POLICY AND PROCEDURES
OF THE
VAN KAMPEN FUNDS
AS ADOPTED JULY 23, 2003 AND AMENDED MAY 26, 2004
1
1. STATEMENT OF PRINCIPLES
The Audit Committee of the Board is required to review and, in its sole discretion,
pre-approve all Covered Services to be provided by the Independent Auditors to the Fund and Covered
Entities in order to assure that services performed by the Independent Auditors do not impair the
auditors independence from the Fund.
2
The SEC has issued rules specifying the types of services that an independent auditor may not
provide to its audit client, as well as the audit committees administration of the engagement of
the independent auditor. The SECs rules establish two different approaches to pre-approving
services, which the SEC considers to be equally valid. Proposed services either: may be
pre-approved without consideration of specific case-by-case services by the Audit Committee
(
general pre-approval
); or require the specific pre-approval of the Audit Committee
(
specific pre-approval
). The Audit Committee believes that the combination of these two
approaches in this Policy will result in an effective and efficient procedure to pre-approve
services performed by the Independent Auditors. As set forth in this Policy, unless a type of
service has received general pre-approval, it will require specific pre-approval by the Audit
Committee (or by any member of the Audit Committee to which pre-approval authority has been
delegated) if it is to be provided by the Independent Auditors. Any proposed services exceeding
pre-approved cost levels or budgeted amounts will also require specific pre-approval by the Audit
Committee.
For both types of pre-approval, the Audit Committee will consider whether such services are
consistent with the SECs rules on auditor independence. The Audit Committee will also consider
whether the Independent Auditors are best positioned to provide the most effective and efficient
services, for reasons such as its familiarity with the Funds business, people, culture, accounting
systems, risk profile and other factors, and whether the service might enhance the Funds ability
to manage or control risk or improve audit quality. All such factors will be considered as a whole,
and no one factor should necessarily be determinative.
The Audit Committee is also mindful of the relationship between fees for audit and non-audit
services in deciding whether to pre-approve any such services and may determine for each fiscal
year, the appropriate ratio between the total amount of fees for Audit, Audit-related and Tax
services for the Fund (including any Audit-related or Tax service fees for Covered Entities that
were subject to pre-approval), and the total amount of fees for certain permissible non-audit
services classified as All Other services for the Fund (including any such services for Covered
Entities subject to pre-approval).
The appendices to this Policy describe the Audit, Audit-related, Tax and All Other services
that have the general pre-approval of the Audit Committee. The term of any general pre-approval is
12 months from the date of pre-approval, unless the Audit Committee considers and provides a
different period and states otherwise. The Audit Committee will annually review and pre-approve the
services that may be provided by the Independent Auditors without obtaining specific pre-approval
from the Audit Committee. The Audit Committee will add to or subtract from the list of general
pre-approved services from time to time, based on subsequent determinations.
The purpose of this Policy is to set forth the policy and procedures by which the Audit
Committee intends to fulfill its responsibilities. It does not delegate the Audit Committees
responsibilities to pre-approve services performed by the Independent Auditors to management.
|
|
|
1
|
|
This Joint Audit Committee Audit and Non-Audit Services
Pre-Approval Policy and Procedures (the
Policy
), amended as of the
date above, supercedes and replaces all prior versions that may have been
amended from time to time.
|
|
2
|
|
Terms used in this Policy and not otherwise defined
herein shall have the meanings as defined in the Joint Audit Committee
Charter.
|
The Funds Independent Auditors have reviewed this Policy and believes that implementation of
the Policy will not adversely affect the Independent Auditors independence.
2. Delegation
As provided in the Act and the SECs rules, the Audit Committee may delegate either type of
pre-approval authority to one or more of its members. The member to whom such authority is
delegated must report, for informational purposes only, any pre-approval decisions to the Audit
Committee at its next scheduled meeting.
3. Audit Services
The annual Audit services engagement terms and fees are subject to the specific pre-approval
of the Audit Committee. Audit services include the annual financial statement audit and other
procedures required to be performed by the Independent Auditors to be able to form an opinion on
the Funds financial statements. These other procedures include information systems and procedural
reviews and testing performed in order to understand and place reliance on the systems of internal
control, and consultations relating to the audit. The Audit Committee will monitor the Audit
services engagement as necessary, but no less than on a quarterly basis, and will also approve, if
necessary, any changes in terms, conditions and fees resulting from changes in audit scope, Fund
structure or other items.
In addition to the annual Audit services engagement approved by the Audit Committee, the Audit
Committee may grant general pre-approval to other Audit services, which are those services that
only the Independent Auditors reasonably can provide. Other Audit services may include statutory
audits and services associated with SEC registration statements (on Forms N-1A, N-2, N-3, N-4,
etc.), periodic reports and other documents filed with the SEC or other documents issued in
connection with securities offerings.
The Audit Committee has pre-approved the Audit services in Appendix B.1. All other Audit
services not listed in Appendix B.1 must be specifically pre-approved by the Audit Committee (or by
any member of the Audit Committee to which pre-approval has been delegated).
4. Audit-related Services
Audit-related services are assurance and related services that are reasonably related to the
performance of the audit or review of the Funds financial statements or, to the extent they are
Covered Services, the Covered Entities financial statements, or that are traditionally performed
by the Independent Auditors. Because the Audit Committee believes that the provision of
Audit-related services does not impair the independence of the auditor and is consistent with the
SECs rules on auditor independence, the Audit Committee may grant general pre-approval to
Audit-related services. Audit-related services include, among others, accounting consultations
related to accounting, financial reporting or disclosure matters not classified as Audit
services; assistance with understanding and implementing new accounting and financial reporting
guidance from rulemaking authorities; agreed-upon or expanded audit procedures related to
accounting and/or billing records required to respond to or comply with financial, accounting or
regulatory reporting matters; and assistance with internal control reporting requirements under
Forms N-SAR and/or N-CSR.
The Audit Committee has pre-approved the Audit-related services in Appendix B.2. All other
Audit-related services not listed in Appendix B.2 must be specifically pre-approved by the Audit
Committee (or by any member of the Audit Committee to which pre-approval has been delegated).
5. Tax Services
The Audit Committee believes that the Independent Auditors can provide Tax services to the
Fund and, to the extent they are Covered Services, the Covered Entities, such as tax compliance,
tax planning and tax advice without impairing the auditors independence, and the SEC has stated
that the Independent Auditors may provide such services. Hence, the Audit Committee believes it may
grant general pre-approval to those Tax services that have historically been provided by the
Independent Auditors, that the Audit Committee has reviewed and believes would not impair the
independence of the Independent Auditors, and that are consistent with the SECs rules on auditor
independence. The Audit Committee will not permit the retention of the
Independent Auditors in connection with a transaction initially recommended by the Independent
Auditors, the sole business purpose of which may be tax avoidance and the tax treatment of which
may not be supported in the Internal Revenue Code and related regulations. The Audit Committee
will consult with Director of Tax or outside counsel to determine that the tax planning and
reporting positions are consistent with this policy.
Pursuant to the preceding paragraph, the Audit Committee has pre-approved the Tax Services in
Appendix B.3. All Tax services involving large and complex transactions not listed in Appendix B.3
must be specifically pre-approved by the Audit Committee (or by any member of the Audit Committee
to which pre-approval has been delegated), including tax services proposed to be provided by the
Independent Auditors to any executive officer or trustee/director/managing general partner of the
Fund, in his or her individual capacity, where such services are paid for by the Fund (generally
applicable only to internally managed investment companies).
6. All Other Services
The Audit Committee believes, based on the SECs rules prohibiting the Independent Auditors
from providing specific non-audit services, that other types of non-audit services are permitted.
Accordingly, the Audit Committee believes it may grant general pre-approval to those permissible
non-audit services classified as All Other services that it believes are routine and recurring
services, would not impair the independence of the auditor and are consistent with the SECs rules
on auditor independence.
The Audit Committee has pre-approved the All Other services in Appendix B.4. Permissible All
Other services not listed in Appendix B.4 must be specifically pre-approved by the Audit Committee
(or by any member of the Audit Committee to which pre-approval has been delegated).
A list of the SECs prohibited non-audit services is attached to this policy as Appendix B.5.
The SECs rules and relevant guidance should be consulted to determine the precise definitions of
these services and the applicability of exceptions to certain of the prohibitions.
7. Pre-Approval Fee Levels or Budgeted Amounts
Pre-approval fee levels or budgeted amounts for all services to be provided by the Independent
Auditors will be established annually by the Audit Committee. Any proposed services exceeding
these levels or amounts will require specific pre-approval by the Audit Committee. The Audit
Committee is mindful of the overall relationship of fees for audit and non-audit services in
determining whether to pre-approve any such services. For each fiscal year, the Audit Committee may
determine the appropriate ratio between the total amount of fees for Audit, Audit-related, and Tax
services for the Fund (including any Audit-related or Tax services fees for Covered Entities
subject to pre-approval), and the total amount of fees for certain permissible non-audit services
classified as All Other services for the Fund (including any such services for Covered Entities
subject to pre-approval).
8. Procedures
All requests or applications for services to be provided by the Independent Auditors that do
not require specific approval by the Audit Committee will be submitted to the Funds Chief
Financial Officer and must include a detailed description of the services to be rendered. The
Funds Chief Financial Officer will determine whether such services are included within the list of
services that have received the general pre-approval of the Audit Committee. The Audit Committee
will be informed on a timely basis of any such services rendered by the Independent Auditors.
Requests or applications to provide services that require specific approval by the Audit Committee
will be submitted to the Audit Committee by both the Independent Auditors and the Funds Chief
Financial Officer, and must include a joint statement as to whether, in their view, the request or
application is consistent with the SECs rules on auditor independence.
The Audit Committee has designated the Funds Chief Financial Officer to monitor the
performance of all services provided by the Independent Auditors and to determine whether such
services are in compliance with this Policy. The Funds Chief Financial Officer will report to the
Audit Committee on a periodic basis on the results of its monitoring. A sample report is included
as Appendix B.7. Both the Funds Chief Financial Officer and management will immediately report to
the chairman of the Audit Committee any breach of this Policy that comes to the attention of the
Funds Chief Financial Officer or any member of management.
9. Additional Requirements
The Audit Committee has determined to take additional measures on an annual basis to meet its
responsibility to oversee the work of the Independent Auditors and to assure the auditors
independence from the Fund, such as reviewing a formal written statement from the Independent
Auditors delineating all relationships between the Independent Auditors and the Fund, consistent
with Independence Standards Board No. 1, and discussing with the Independent Auditors its methods
and procedures for ensuring independence.
10. Covered Entities
Covered Entities include the Funds investment adviser(s) and any entity controlling,
controlled by or under common control with the Funds investment adviser(s) that provides ongoing
services to the Fund(s). Beginning with non-audit service contracts entered into on or after May 6,
2003, the Funds audit committee must pre-approve non-audit services provided not only to the Fund
but also to the Covered Entities if the engagements relate directly to the operations and financial
reporting of the Fund. This list of Covered Entities would include:
|
-
|
|
Van Kampen Investments Inc.
|
|
|
-
|
|
Van Kampen Asset Management
|
|
|
-
|
|
Van Kampen Advisors Inc.
|
|
|
-
|
|
Van Kampen Funds Inc.
|
|
|
-
|
|
Van Kampen Investor Services Inc.
|
|
|
-
|
|
Morgan Stanley Investment Management Inc.
|
|
|
-
|
|
Morgan Stanley Trust Company
|
|
|
-
|
|
Morgan Stanley Investment Management Ltd.
|
|
|
-
|
|
Morgan Stanley Investment Management Company
|
|
|
-
|
|
Morgan Stanley Asset & Investment Trust Management Company Ltd.
|
(e)(2) Beginning with non-audit service contracts entered into on or after May 6, 2003, the audit
committee also is required to pre-approve services to Covered Entities to the extent that the
services are determined to have a direct impact on the operations or financial reporting of the
Registrant. 100% of such services were pre-approved by the audit committee pursuant to the Audit
Committees pre-approval policies and procedures (included herein).
(f)
|
|
Not applicable.
|
|
(g)
|
|
See table above.
|
(h) The audit committee of the Board of Trustees has considered whether the provision of
services other than audit services performed by the auditors to the Registrant and Covered Entities
is compatible with maintaining the auditors independence in performing audit services.
Item 5. Audit Committee of Listed Registrants.
(a) The Fund has a separately-designated standing audit committee established in accordance with
Section 3(a)(58)(A) of the Exchange Act whose members are: R. Craig Kennedy, Jerry D. Choate, Rod
Dammeyer.
(b) Not applicable.
Item 6. Schedule of Investments.
(a) Please refer to Item #1.
(b) Not applicable.
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment
Companies.
Not applicable.
Item 8. Portfolio Managers of Closed-End Management Investment Companies.
Not applicable.
Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated
Purchasers.
Not applicable.
Item 10. Submission of Matters to a Vote of Security Holders.
Not applicable.
Item 11. Controls and Procedures.
(a) The Funds principal executive officer and principal financial officer have concluded that the
Funds disclosure controls and procedures are sufficient to ensure that information required to be
disclosed by the Fund in this Form N-CSR was recorded, processed, summarized and reported within
the time periods specified in the Securities and Exchange Commissions rules and forms, based upon
such officers evaluation of these controls and procedures as of a date within 90 days of the
filing date of the report.
(b) There were no changes in the registrants internal control over financial reporting that
occurred during the second fiscal quarter of the period covered by this report that has materially
affected, or is reasonably likely to materially affect, the registrants internal control over
financial reporting.
Item 12. Exhibits.
(1) The Code of Ethics for Principal Executive and Senior Financial Officers is attached hereto.
(2)(a) A certification for the Principal Executive Officer of the registrant is attached hereto as
part of EX-99.CERT.
(2)(b) A certification for the Principal Financial Officer of the registrant is attached hereto as
part of EX-99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act
of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
(Registrant) Van Kampen Tax Free Money Fund
|
|
|
|
|
By:
|
|
/s/ Edward C. Wood III
|
|
|
Name: Edward C. Wood III
|
|
|
Title: Principal Executive Officer
|
|
|
Date: August 20, 2009
|
|
|
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act
of 1940, this report has been signed by the following persons on behalf of the registrant and in
the capacities and on the dates indicated.
|
|
|
|
|
By:
|
|
/s/ Edward C. Wood III
|
|
|
Name: Edward C. Wood III
|
|
|
Title: Principal Executive Officer
|
|
|
Date: August 20, 2009
|
|
|
|
|
|
|
|
By:
|
|
/s/ Stuart N. Schuldt
|
|
|
Name: Stuart N. Schuldt
|
|
|
Title: Principal Financial Officer
|
|
|
Date: August 20, 2009
|
|
|
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