UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-4718
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)
Registrant’s telephone number, including area code: 212-762-4000
Date of fiscal year end: 6/30
Date of reporting period: 9/30/09
 
 

 

 

Item 1. Schedule of Investments.
The Fund’s schedule of investments as of the close of the reporting period prepared pursuant to Rule 12-12 of Regulation S-X is as follows:
Van Kampen Tax Free Money Fund
Portfolio of Investments § September 30, 2009 (Unaudited)
                                 
Par                 Current        
Amount         Maturity     Yield at     Amortized  
(000)     Description   Date*     9-30-09     Cost  
 
       
 
                       
       
Municipal Bonds 100.5%
                       
       
7 Day Floaters 72.8%
                       
$ 600    
Broward Cnty, FL Ed Fac Auth City Coll Proj (LOC: Citibank)
    10/01/09       0.330 %   $ 600,000  
  1,000    
California Statewide Cmnty Dev Auth Rev Kaiser Permanente Ser B
    10/07/09       0.280       1,000,000  
  1,000    
Cary, NC Pub Impt
    10/07/09       0.220       1,000,000  
  700    
Clarksville, TN Muni Pub Bldg Auth Rev Pooled Fin TN Bd Fd (LOC: Bank of America) (Acquired 10/10/08, Cost $700,000) (a)
    10/01/09       0.370       700,000  
  600    
Colorado Hsg & Fin Auth Single Fam Mtg Ser B-3
    10/07/09       0.330       600,000  
  685    
Derry Twp, PA Indl & Coml Dev Auth Hotel Tax Rev Arena Proj (LOC: PNC Bank)
    10/01/09       0.310       685,000  
  1,000    
Eastern Muni Wtr Dist CA Wtr & Swr Rev Ctf Partner Ser B
    10/07/09       0.270       1,000,000  
  900    
Gwinnett Cnty, GA Wtr & Sew Auth Rev Ser A
    10/07/09       0.300       900,000  
  675    
Metropolitan Govt Nashville & Davidson Cnty, TN H&E Fac Brd Rev Vanderbilt Univ Ser A
    10/01/09       0.350       675,000  
  500    
Michigan St Hosp Fin Auth Rev McLaren Hlthcare Rfdg Ser B (LOC: JP Morgan Chase Bank)
    10/07/09       0.270       500,000  
  1,000    
Minnesota St Higher Ed Fac Auth Rev Macalester College Ser 5-Q
    10/01/09       0.400       1,000,000  

 

 

Van Kampen Tax Free Money Fund
Portfolio of Investments § September 30, 2009 (Unaudited) continued
                                 
Par                 Current        
Amount         Maturity     Yield at     Amortized  
(000)     Description   Date*     9-30-09     Cost  
 
       
 
                       
       
7 Day Floaters (continued)
                       
$ 500    
New Hampshire Higher Ed & Hlth Fac Auth Rev Saint Pauls Sch Issue
    10/01/09       0.350 %   $ 500,000  
  500    
New York St Loc Gov Assistance Corp Ser D (LOC: Societe Generale)
    10/07/09       0.230       500,000  
  900    
North Carolina Ed Fac Fin Agy Rev Duke Univ Proj Ser B
    10/01/09       0.300       900,000  
  925    
North Carolina Med Care Comm Hlth Sys Rev Mission Saint Josephs Rfdg
    10/01/09       0.370       925,000  
  830    
North Miami, FL Ed Fac Rev Miami Ctry Day Sch Proj (LOC: Bank of America)
    10/01/09       0.390       830,000  
  1,000    
Oregon St Hlth Hsg Ed & Cultural Fac Auth Sacred Heart Med Ctr Ser A (LOC: US Bank)
    10/01/09       0.300       1,000,000  
  675    
Palm Beach Cnty, FL Rev Henry Morrison Flagler Proj (LOC: Northern Trust)
    10/01/09       0.530       675,000  
  615    
Portland, OR Hsg Auth Rev New Mkt West Proj (LOC: Wells Fargo Bank)
    10/01/09       0.340       615,000  
  600    
Private Colleges & Univ Auth GA Rev Emory Univ Ser B-2
    10/01/09       0.300       600,000  
  1,000    
San Bernadino Cnty, CA Ctf Partner Cap Impt Refing Proj (LOC: BNP Paribas)
    10/01/09       0.300       1,000,000  
  200    
University of Texas Univ Rev Fin Sys Rfdg Ser A
    10/07/09       0.230       200,000  

 

 

Van Kampen Tax Free Money Fund
Portfolio of Investments § September 30, 2009 (Unaudited) continued
                                 
Par                 Current        
Amount         Maturity     Yield at     Amortized  
(000)     Description   Date*     9-30-09     Cost  
 
       
 
                       
       
7 Day Floaters (continued)
                       
$ 500    
Utah Cnty, UT Hosp Rev IHC Hlth Svc Inc Ser B
    10/01/09       0.300 %   $ 500,000  
  600    
Washington St Hsg Fin Comm Multi-Family Mtg Rev (LOC: Harris Trust & Savings Bank)
    10/06/09       0.380       600,000  
       
 
                     
Total 7 Day Floaters 72.8%                     17,505,000  
       
 
                     
       
 
                       
       
Daily Variable Rate Securities 27.7%
                       
  800    
Chicago, IL Rfdg Ser F
    10/01/09       0.270       800,000  
  200    
Chicago, IL Sales Tax Rev Rfdg
    10/01/09       0.270       200,000  
  865    
Colorado Ed & Cultural Fac Natl Jewish Fedn Ser F-1 (LOC: Northern Trust)
    10/01/09       0.350       865,000  
  200    
Cuyahoga Cnty, OH Rev Cleveland Clinic Sub Ser B-1
    10/01/09       0.270       200,000  
  200    
Illinois Hlth Fac Auth Rev Northwestern Mem Hosp Ser C
    10/01/09       0.300       200,000  
  600    
Jacksonville, FL Pollutn Rev Ctl FL Pwr & Lt Co Proj Rfdg
    10/01/09       0.610       600,000  
  631    
Kentucky Inc KY Pub Energy Auth Gas Supply Rev Ser A
    10/01/09       0.300       631,000  
  300    
Long Island Pwr Auth NY Elec Sys Rev Ser 2B (LOC: Bayerische Landesbank)
    10/01/09       0.320       300,000  

 

 

Van Kampen Tax Free Money Fund
Portfolio of Investments § September 30, 2009 (Unaudited) continued
                                 
Par                 Current        
Amount         Maturity     Yield at     Amortized  
(000)     Description   Date*     9-30-09     Cost  
 
       
 
                       
       
Daily Variable Rate Securities (continued)
                       
$ 900    
Pitkin Cnty, CO Indl Dev Rev Aspen Skiing Co Proj Rfdg Ser A (LOC: JP Morgan Chase Bank)
    10/01/09       0.350 %   $ 900,000  
  1,100    
Southeast, AL Gas Dist Rev Supply Proj Ser A
    10/01/09       0.300       1,100,000  
  350    
University of Michigan Rev Hosp Ser A
    10/01/09       0.300       350,000  
  500    
University of NC Hosp Chapel Hill Rev Ser B
    10/01/09       0.300       500,000  
       
 
                     
       
 
                       
Total Daily Variable Rate Securities 27.7%                     6,646,000  
       
 
                     
       
 
                       
Total Investments 100.5% (b)(c)                     24,151,000  
       
 
                       
Liabilities in Excess of Other Assets (0.5%)                     (108,725 )
       
 
                     
       
 
                       
Net Assets 100.0%                   $ 24,042,275  
       
 
                     
Percentages are calculated as a percentage of net assets.
 
*   Date of next interest rate reset.
 
(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 2.9% 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 September 30, 2009, cost is identical for both book and federal income tax purposes.
LOC — Letter of Credit

 

 

Van Kampen Tax Free Money Fund
Portfolio of Investments § September 30, 2009 (Unaudited) continued
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.
Fair Value Measurements Financial Accounting Standards Board Accounting Standards Codification (ASC) 820 Fair Value Measurements and Disclosures (ASC 820) (formerly known as 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. ASC 820 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 entity’s 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 Fund’s 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 Fund’s 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.
The following is a summary of the inputs used as of September 30, 2009 in valuing the Fund’s investments carried at value:
                                 
    Level 1     Level 2     Level 3        
                         
          Other              
          Significant     Significant        
    Quoted     Observable     Unobservable        
Investment Type   Prices     Inputs     Inputs     Total  
 
Investments in an Asset Position
                               
Short-term Municipal Bonds
                               
Issued by States of the United States and Political Subdivisions of the United States.
  $ —     $ 24,151,000     $ —     $ 24,151,000  
     

 

 

Item 2. Controls and Procedures.
(a) The Fund’s principal executive officer and principal financial officer have concluded that the Fund’s disclosure controls and procedures are sufficient to ensure that information required to be disclosed by the Fund in this Form N-Q was recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, based upon such officers’ evaluation of these controls and procedures as of a date within 90 days of the filing date of the report.
(b) There were no changes in the Fund’s internal control over financial reporting that occurred during the registrant’s fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Fund’s internal control over financial reporting.
Item 3. Exhibits.
(a) A certification for the Principal Executive Officer of the registrant is attached hereto as part of EX-99.cert.
(b) A certification for the Principal Financial Officer of the registrant is attached hereto as part of EX-99.cert.

 

 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) Van Kampen Tax Free Money Fund
         
By:
  /s/ Edward C. Wood III
 
   
Name: Edward C. Wood III    
Title: Principal Executive Officer    
Date: November 19, 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: November 19, 2009    
         
By:
  /s/ Stuart N. Schuldt
 
   
Name: Stuart N. Schuldt    
Title: Principal Financial Officer    
Date: November 19, 2009    

 

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