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 811-02851
Van Kampen High Yield Fund
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(Exact name of registrant as specified in charter)
522 Fifth Avenue, New York, New York 10036
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(Address of principal executive offices) (Zip code)
Ronald Robison
522 Fifth Avenue, New York, New York 10036
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(Name and address of agent for service)
Registrant's telephone number, including area code: 212-762-4000
Date of fiscal year end: 8/31
Date of reporting period: 5/31/07
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 High Yield Fund
Portfolio of Investments | May 31, 2007 (Unaudited)
PAR
AMOUNT
(000) DESCRIPTION COUPON MATURITY VALUE
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CORPORATE BONDS 91.2%
AEROSPACE 1.9%
$4,645 Hexcel Corp. .............................. 6.750% 02/01/15 $ 4,691,450
6,440 K & F Acquisition, Inc. ................... 7.750 11/15/14 6,890,800
-----------
11,582,250
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BROADCASTING 1.1%
3,740 Lin Television Corp. ...................... 6.500 05/15/13 3,796,100
2,755 Univision Communications,
Inc. (a)(b) ............................ 9.750 03/15/15 2,865,200
-----------
6,661,300
-----------
CABLE 3.9%
6,005 Cablevision Systems Corp. (c) ............. 9.820 04/01/09 6,387,819
1,839 CCH I, LLC ................................ 11.000 10/01/15 2,009,107
5,320 Echostar DBS Corp. ........................ 6.375 10/01/11 5,353,250
1,290 Echostar DBS Corp. ........................ 6.625 10/01/14 1,293,225
1,505 Intelsat Bermuda, Ltd.
(Bermuda) (c) .......................... 8.872 01/15/15 1,546,387
460 Intelsat Subsidiary Holding Co.,
Ltd. (Bermuda) ......................... 8.250 01/15/13 480,125
4,315 Intelsat Subsidiary Holding Co.,
Ltd. (Bermuda) ......................... 8.625 01/15/15 4,644,019
655 NTL Cable, PLC (United
Kingdom) ............................... 8.750 04/15/14 695,938
360 NTL Cable, PLC (United
Kingdom) ............................... 9.125 08/15/16 393,300
898 PanAmSat Corp. ............................ 9.000 08/15/14 974,330
-----------
23,777,500
-----------
CHEMICALS 6.5%
6,115 Berry Plastics Holding Corp. .............. 8.875 09/15/14 6,298,450
2,855 Cognis Deutschland GmbH & Co.
(EUR) (Germany) (b)(c) ................. 8.910 11/15/13 3,884,760
2,828 Equistar Chemicals, LP .................... 10.125 09/01/08 2,990,610
354 Equistar Chemicals, LP .................... 10.625 05/01/11 375,240
1,715 Innophos Holdings, Inc. (b) ............... 9.500 04/15/12 1,757,875
2,700 Innophos, Inc. ............................ 8.875 08/15/14 2,862,000
2,585 Koppers Holdings, Inc. (d) ................ 0/9.875 11/15/14 2,274,800
1,730 Koppers, Inc. ............................. 9.875 10/15/13 1,890,025
1,930 Millennium America, Inc. .................. 9.250 06/15/08 2,002,375
2,775 Nalco Co. ................................. 7.750 11/15/11 2,886,000
3,960 Nalco Co. ................................. 8.875 11/15/13 4,266,900
1,390 Rockwood Specialties Group, Inc.
(EUR) .................................. 7.625 11/15/14 1,977,856
3,185 Terra Capital, Inc. ....................... 7.000 02/01/17 3,208,888
2,940 Westlake Chemical Corp. ................... 6.625 01/15/16 2,910,600
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39,586,379
-----------
CONSUMER PRODUCTS 1.0%
3,740 Jarden Corp. .............................. 7.500 05/01/17 3,833,500
2,460 Oxford Industrials, Inc. .................. 8.875 06/01/11 2,570,700
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6,404,200
-----------
DIVERSIFIED MEDIA 4.1%
1,155 Advanstar Communications, Inc. ............ 10.750 08/15/10 1,260,394
6,187 CanWest Media, Inc. (Canada) .............. 8.000 09/15/12 6,418,855
2,282 Dex Media East/Finance Corp.,
LLC .................................... 12.125 11/15/12 2,481,675
3,587 Dex Media West/Finance Corp.,
LLC Ser B .............................. 9.875 08/15/13 3,914,314
4,700 Idearc, Inc. (b) .......................... 8.000 11/15/16 4,893,875
2,250 Interpublic Group of Cos., Inc. ........... 6.250 11/15/14 2,123,437
4,020 Valassis Communications, Inc. (b).......... 8.250 03/01/15 4,004,925
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25,097,475
-----------
ENERGY 10.5%
4,700 Chaparral Energy, Inc. .................... 8.500 12/01/15 4,735,250
705 Chaparral Energy, Inc. (b) ................ 8.875 02/01/17 719,100
6,870 CHC Helicopter Corp. (Canada) ............. 7.375 05/01/14 6,784,125
2,325 Chesapeake Energy Corp. ................... 6.375 06/15/15 2,336,625
4,360 Chesapeake Energy Corp. ................... 7.500 09/15/13 4,567,100
960 Cimarex Energy Co. ........................ 7.125 05/01/17 976,800
2,220 Compagnie Generale de
Geophysique SA (France) ................ 7.500 05/15/15 2,333,775
5,120 El Paso Production Holding Co. ............ 7.750 06/01/13 5,434,706
1,800 Hanover Compressor Co. .................... 8.625 12/15/10 1,885,500
890 Hanover Compressor Co. .................... 9.000 06/01/14 963,425
109 Hanover Equipment Trust Ser A ............. 8.500 09/01/08 109,817
3,042 Hanover Equipment Trust Ser B ............. 8.750 09/01/11 3,156,075
6,685 Hilcorp Energy/Finance Corp. (b)........... 7.750 11/01/15 6,751,850
3,460 Husky Oil, Ltd. (Canada) .................. 8.900 08/15/28 3,591,501
6,170 Massey Energy Co. ......................... 6.875 12/15/13 5,946,337
2,635 OPTI Canada, Inc. (Canada) (b)............. 8.250 12/15/14 2,812,863
3,450 Pacific Energy Partners ................... 7.125 06/15/14 3,603,560
4,560 Pogo Producing Co. ........................ 6.875 10/01/17 4,639,800
2,820 Sandridge Energy (b) ...................... 8.625 04/01/15 2,925,750
-----------
64,273,959
-----------
FINANCIAL 1.8%
840 Capmark Financial Group, Inc. (b).......... 5.875 05/10/12 834,943
350 Capmark Financial Group, Inc. (b).......... 6.300 05/10/17 348,424
3,395 Residential Capital, LLC .................. 6.375 06/30/10 3,390,906
2,825 Residential Capital, LLC .................. 6.500 04/17/13 2,795,487
3,441 UCAR Finance, Inc. ........................ 10.250 02/15/12 3,647,460
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11,017,220
-----------
FOOD & DRUG 2.0%
2,625 Delhaize America, Inc. .................... 8.125 04/15/11 2,884,925
2,590 Delhaize America, Inc. .................... 9.000 04/15/31 3,218,619
3,380 Kroger Co. (b) ............................ 8.500 07/15/17 3,602,971
2,345 SUPERVALU, Inc. ........................... 7.500 05/15/12 2,478,724
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12,185,239
-----------
FOOD & TOBACCO 4.2%
670 Constellation Brands, Inc. (b)............. 7.250 05/15/17 677,537
3,000 Michael Foods, Inc. ....................... 8.000 11/15/13 3,090,000
4,720 Pilgrim's Pride Corp. ..................... 7.625 05/01/15 4,873,400
7,600 Pilgrim's Pride Corp. ..................... 9.625 09/15/11 7,942,000
3,055 Reynolds American, Inc. ................... 6.500 07/15/10 3,136,813
4,565 Smithfield Foods, Inc. .................... 7.000 08/01/11 4,656,300
450 Smithfield Foods, Inc. Ser B .............. 7.750 05/15/13 468,000
1,080 Smithfield Foods, Inc. Ser B .............. 8.000 10/15/09 1,128,600
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25,972,650
-----------
FOREST PRODUCTS 5.3%
2,785 Covalence Specialty Materials
Corp. (b) .............................. 10.250 03/01/16 2,868,550
1,490 Crown Americas ............................ 7.625 11/15/13 1,553,325
1,975 Crown European Holdings SA
(EUR) (France) ......................... 6.250 09/01/11 2,761,100
3,610 Georgia-Pacific Corp. (b) ................. 7.125 01/15/17 3,619,025
1,345 Graham Packaging Co., Inc. ................ 8.500 10/15/12 1,378,625
3,965 Graham Packaging Co., Inc. ................ 9.875 10/15/14 4,103,775
4,870 Graphic Packaging International,
Inc .................................... 9.500 08/15/13 5,204,813
1,535 JSG Funding, PLC (EUR)
(Ireland) .............................. 10.125 10/01/12 2,217,742
114 Owens-Brockway Glass
Containers, Inc. ....................... 8.875 02/15/09 117,135
2,100 Owens-Illinois, Inc. ...................... 7.350 05/15/08 2,128,875
5,540 Owens-Illinois, Inc. ...................... 7.500 05/15/10 5,726,975
1,085 P.H. Glatfelter ........................... 7.125 05/01/16 1,112,125
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32,792,065
-----------
GAMING & LEISURE 6.4%
993 Caesars Entertainment ..................... 8.875 09/15/08 1,026,514
5,000 Host Marriott, LP ......................... 6.375 03/15/15 5,006,250
4,000 Host Marriott, LP Ser J ................... 7.125 11/01/13 4,120,000
6,935 Isle of Capri Casinos, Inc. ............... 7.000 03/01/14 6,900,325
5,440 Las Vegas Sands Corp. ..................... 6.375 02/15/15 5,344,800
9,470 MGM Mirage, Inc. .......................... 6.000 10/01/09 9,470,000
3,005 Station Casinos, Inc. ..................... 6.000 04/01/12 2,929,875
3,795 Station Casinos, Inc. ..................... 6.875 03/01/16 3,519,862
1,085 Station Casinos, Inc. ..................... 7.750 08/15/16 1,125,688
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39,443,314
-----------
HEALTH CARE 9.3%
5,310 Community Health Systems, Inc. ............ 6.500 12/15/12 5,529,037
3,745 DaVita, Inc. .............................. 6.625 03/15/13 3,782,450
4,895 Fisher Scientific International,
Inc ....................................... 6.125 07/01/15 4,877,779
9,830 Fresenius Medical Care Capital
Trust IV ............................... 7.875 06/15/11 10,432,088
2,545 HCA, Inc. ................................. 5.750 03/15/14 2,242,781
3,810 HCA, Inc. ................................. 6.250 02/15/13 3,557,588
4,795 HCA, Inc. ................................. 6.500 02/15/16 4,243,575
940 HCA, Inc. ................................. 8.750 09/01/10 1,001,100
680 Invacare Corp. (b) ........................ 9.750 02/15/15 697,000
2,655 National Mentor Holdings, Inc. ............ 11.250 07/01/14 2,947,050
3,680 Omnicare, Inc. ............................ 6.750 12/15/13 3,643,200
750 Omnicare, Inc. ............................ 6.875 12/15/15 742,500
2,215 Sun Healthcare Group, Inc. (b) ........... 9.125 04/15/15 2,336,825
1,480 Tenet Healthcare Corp. .................... 7.375 02/01/13 1,402,300
1,710 Tenet Healthcare Corp. .................... 9.875 07/01/14 1,761,300
4,900 VWR International, Inc. ................... 6.875 04/15/12 5,120,500
2,699 Warner Chilcott Corp. ..................... 8.750 02/01/15 2,877,809
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57,194,882
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HOUSING 2.1%
968 Goodman Global Holdings, Inc.
Ser B (c) .............................. 8.360 06/15/12 981,310
3,365 Interface, Inc. ........................... 9.500 02/01/14 3,684,675
1,435 Interface, Inc. ........................... 10.375 02/01/10 1,585,675
5,130 Nortek, Inc. .............................. 8.500 09/01/14 5,117,175
1,550 Realogy Corp. (b) ......................... 10.500 04/15/14 1,559,687
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12,928,522
-----------
INFORMATION TECHNOLOGY 3.0%
4,700 Freescale Semiconductor, Inc. (b).......... 8.875 12/15/14 4,729,375
525 Iron Mountain, Inc. ....................... 6.625 01/01/16 509,250
2,050 Iron Mountain, Inc. ....................... 7.750 01/15/15 2,121,750
5,045 Iron Mountain, Inc. ....................... 8.625 04/01/13 5,208,962
2,275 PGS Solutions, Inc. (b) ................... 9.625 02/15/15 2,332,146
3,540 Sungard Data Systems, Inc. ................ 9.125 08/15/13 3,778,950
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18,680,433
-----------
MANUFACTURING 3.1%
1,645 Baldor Electric Co. ....................... 8.625 02/15/17 1,776,600
1,959 JohnsonDiversey, Inc. (EUR) ............... 9.625 05/15/12 2,780,907
3,463 JohnsonDiversey, Inc. Ser B ............... 9.625 05/15/12 3,636,150
2,574 Manitowoc Co., Inc. ....................... 10.500 08/01/12 2,734,875
3,235 Propex Fabrics, Inc. ...................... 10.000 12/01/12 3,008,550
4,660 RBS Global & Rexnord Corp. ................ 9.500 08/01/14 5,032,800
-----------
18,969,882
-----------
METALS 2.0%
1,340 Foundation PA Coal Co. .................... 7.250 08/01/14 1,363,450
7,050 Novelis, Inc. (Canada) .................... 7.250 02/15/15 7,473,000
2,445 SGL Carbon Luxembourg SA
(EUR) (Luxembourg) (b) ................. 8.500 02/01/12 3,511,934
-----------
12,348,384
-----------
RETAIL 1.3%
3,110 Brown Shoe Co., Inc. ...................... 8.750 05/01/12 3,312,150
4,305 Phillips Van-Heusen Corp. ................. 7.250 02/15/11 4,428,769
-----------
7,740,919
-----------
SERVICES 1.9%
5,715 Allied Waste North America, Inc............ 6.375 04/15/11 5,772,150
1,850 Allied Waste North America, Inc............ 7.875 04/15/13 1,942,500
1,437 Allied Waste North America, Inc.
Ser B .................................. 9.250 09/01/12 1,519,627
790 Aramark Corp. (b) ......................... 8.500 02/01/15 834,437
250 Aramark Corp. (b)(c) ...................... 8.856 02/01/15 259,063
1,750 Aramark Services, Inc. .................... 5.000 06/01/12 1,592,500
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11,920,277
-----------
TELECOMMUNICATIONS 3.2%
3,986 Axtel SA (Mexico) ......................... 11.000 12/15/13 4,464,320
6,030 Exodus Communications,
Inc. (e)(f)(g) ......................... 11.250 07/01/08 0
4,000 Exodus Communications, Inc.
(EUR) (e)(f)(g) ........................ 11.375 07/15/08 0
770 Exodus Communications,
Inc. (e)(f)(g) ......................... 11.625 07/15/10 0
8,250 GST Network Funding, Inc.
(e)(f)(g) .............................. 10.500 05/01/08 825
1,320 Nordic Telephone Co. Holdings
(Denmark) (b) .......................... 8.875 05/01/16 1,437,150
4,000 Park N View, Inc. Ser B (e)(f)(g).......... 13.000 05/15/08 0
5,825 Qwest Communications
International, Inc. (c) ................ 8.860 02/15/09 5,926,938
990 Qwest Corp. ............................... 5.625 11/15/08 994,950
1,100 TDC A S (EUR) (Denmark) ................... 6.500 04/19/12 1,528,947
4,480 Wind Acquisition Finance SA
(Luxembourg) (b) ....................... 10.750 12/01/15 5,264,000
-----------
19,617,130
-----------
TRANSPORTATION 8.5%
4,700 ArvinMeritor, Inc. ........................ 8.750 03/01/12 4,929,125
1,610 Asbury Automotive Group, Inc. (b).......... 7.625 03/15/17 1,618,050
3,675 Ford Motor Credit Co. ..................... 5.800 01/12/09 3,620,955
6,080 Ford Motor Credit Co. ..................... 7.000 10/01/13 5,825,801
4,195 Ford Motor Credit Co. ..................... 7.250 10/25/11 4,131,282
4,450 General Motors Acceptance Corp. ........... 4.375 12/10/07 4,415,068
6,220 General Motors Acceptance Corp. ........... 6.875 09/15/11 6,272,652
1,690 General Motors Corp. ...................... 7.125 07/15/13 1,588,600
2,195 General Motors Corp. ...................... 8.375 07/15/33 2,052,325
5,720 Petro Stopping Center, LP ................. 9.000 02/15/12 6,098,950
8,425 Sonic Automotive, Inc. Ser B .............. 8.625 08/15/13 8,877,844
2,955 United Auto Group, Inc. (b) ............... 7.750 12/15/16 2,999,325
-----------
52,429,977
-----------
UTILITY 7.0%
925 AES Corp. ................................. 7.750 03/01/14 979,344
528 AES Corp. ................................. 8.875 02/15/11 571,560
3,035 AES Corp. (b) ............................. 9.000 05/15/15 3,247,450
740 AES Corp. ................................. 9.375 09/15/10 814,000
7,360 CMS Energy Corp. .......................... 7.500 01/15/09 7,587,998
2,825 Colorado Interstate Gas Co. ............... 6.800 11/15/15 2,969,507
2,320 Dynegy Holdings, Inc. (b) ................. 7.750 06/01/19 2,308,400
2,585 IPALCO Enterprises, Inc. .................. 8.375 11/14/08 2,681,938
1,355 IPALCO Enterprises, Inc. .................. 8.625 11/14/11 1,480,338
2,945 Nevada Power Co. Ser A .................... 8.250 06/01/11 3,208,044
2,515 Nevada Power Co. Ser G .................... 9.000 08/15/13 2,714,643
5,397 Ormat Funding Corp. ....................... 8.250 12/30/20 5,531,479
1,646 PSEG Energy Holdings ...................... 8.625 02/15/08 1,683,430
6,210 Williams Cos., Inc. ....................... 7.875 09/01/21 6,986,250
-----------
42,764,381
-----------
WIRELESS COMMUNICATIONS 1.1%
3,090 American Tower Corp. ...................... 7.125 10/15/12 3,225,188
3,085 American Tower Corp. ...................... 7.500 05/01/12 3,231,537
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6,456,725
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TOTAL CORPORATE BONDS 91.2% ................................................ 559,845,063
-----------
FOREIGN CONVERTIBLE CORPORATE OBLIGATIONS 0.6%
3,980 Nortel Networks Corp. (Canada)............. 4.250 09/01/08 3,900,400
-----------
FOREIGN GOVERNMENT OBLIGATIONS 0.4%
24,425 Mexico (United Mexican States)
(MXN) (Mexico) ......................... 9.500 12/18/14 2,529,265
-----------
DESCRIPTION VALUE
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EQUITIES 0.0%
DecisionOne Corp. (19,895 Common Shares) (g)(h)............................. 0
HF Holdings, Inc. (36,820 Common Stock Warrants, expiring
09/27/09) (g)(h).......................................................... 0
Hosiery Corp. of America, Inc., Class A (1,000 Common
Shares) (b)(g)(h)....................................................... 0
Jazztel, PLC (5,000 Common Stock Warrants, expiring 07/15/10)
(b)(g)(h).............................................................. 0
OpTel, Inc. (3,275 Common Shares) (b)(g)(h)................................. 0
Park N View, Inc. (4,000 Common Stock Warrants, expiring
05/15/18) (b)(f)(g)(h).................................................. 0
Reunion Industries, Inc. (107,947 Common Stock Warrants, expiring
12/02/08) (g)(h)........................................................ 0
Ventelo, Inc. (73,021 Common Shares) (EUR) (United Kingdom) (b)(g)(h)....... 0
Viatel Holding Bermuda, Ltd. (7,852 Common Shares) (Bermuda) (h)............ 279
VS Holdings, Inc. (946,962 Common Shares) (g)(h)............................ 0
XO Holdings, Inc. (3,469 Common Shares) (h)................................. 16,478
XO Holdings, Inc., Ser A (6,941 Common Stock Warrants, expiring
01/16/10) (h)........................................................... 5,206
XO Holdings, Inc., Ser B (5,205 Common Stock Warrants, expiring
01/16/10) (h)........................................................... 2,732
XO Holdings, Inc., Ser C (5,205 Common Stock Warrants, expiring
01/16/10) (h)............................................................ 1,275
------------
TOTAL EQUITIES 0.0% ........................................................ 25,970
------------
TOTAL LONG-TERM INVESTMENTS 92.2%
(Cost $589,898,919)........................................................ 566,300,698
------------
SHORT-TERM INVESTMENTS 6.5%
REPURCHASE AGREEMENTS 6.4%
Citigroup Global Markets, Inc. ($10,740,844 par collateralized by U.S.
Government obligations in a pooled cash account, interest rate of 5.27%,
dated 05/31/07, to be sold on 06/01/07 at $10,742,416) .................. 10,740,844
State Street Bank & Trust Co. ($28,770,156 par collateralized by U.S.
Government obligations in a pooled cash account, interest rate of 5.07%,
dated 05/31/07, to be sold on 06/01/07 at $28,774,208) .................. 28,770,156
------------
TOTAL REPURCHASE AGREEMENTS ............................................... 39,511,000
GOVERNMENT AGENCY OBLIGATIONS 0.1%
United States Treasury Bill ($700,000 par, yielding 4.966%, 07/12/07
maturity) (i) ............................................................ 696,137
------------
TOTAL SHORT-TERM INVESTMENTS
(Cost $40,207,137)......................................................... 40,207,137
------------
TOTAL INVESTMENTS 98.7%
(Cost $630,160,056)........................................................ 606,507,835
FOREIGN CURRENCY 0.0%
(Cost $1).................................................................. 1
OTHER ASSETS IN EXCESS OF LIABILITIES 1.3%.................................. 7,746,801
------------
NET ASSETS 100.0%............................................................ $614,254,637
============
Percentages are calculated as a percentage of net assets.
(a) Payment-in-kind security.
(b) 144A-Private Placement security which is exempt from registration under
Rule 144A of the Securities Act of 1933, as amended. This security may
only be resold in transactions exempt from registration which are normally
those transactions with qualified institutional buyers.
(c) Floating Rate Coupon
(d) Security is a "step-up" bond where the coupon increases or steps up at a predetermined date.
(e) Non-income producing as security is in default.
(f) This borrower has filed for protection in federal bankruptcy court.
(g) Market value is determined in accordance with procedures established in good faith by the
Board of Trustees.
(h) Non-income producing security as this stock currently does not declare dividends.
(i) All or a portion of this security has been physically segregated in connection with open futures
contracts.
Currency Abbreviations:
EUR - Euro
MXN - Mexican peso
FUTURES CONTRACTS OUTSTANDING AS OF MAY 31, 2007:
UNREALIZED
APPRECIATION/
CONTRACTS DEPRECIATION
LONG CONTRACTS:
U.S. Treasury Notes 10-Year Futures, September 2007
(Current Notional Value of $106,375 per contract) ................ 840 $(1,050,023)
U.S. Treasury Notes 5-Year Futures, September 2007
(Current Notional Value of $104,438 per contract) ................ 690 (497,441)
SHORT CONTRACTS:
U.S. Treasury Bond Futures, September 2007
(Current Notional Value of $109,125 per contract) ................ 208 192,135
U.S. Treasury Notes 2-Year Futures, September 2007
(Current Notional Value of $203,797 per contract) ................ 1 200
U.S. Treasury Bond Futures, June 2007
(Current Notional Value of $109,156 per contract) ................ 298 653,649
U.S. Treasury Notes 2-Year Futures, June 2007
(Current Notional Value of $203,484 per contract) ................ 1 1,216
-------- -----------
2,038 $ (700,264)
======== ===========
FORWARD FOREIGN CURRENCY CONTRACTS OUTSTANDING AS OF MAY 31, 2007:
UNREALIZED
APPRECIATION/
IN EXCHANGE FOR CURRENT VALUE DEPRECIATION
SHORT CONTRACTS:
Euro Currency
3,203,000 expiring 07/31/07.............. US $ $ 4,319,179 $ 50,194
11,073,000 expiring 07/31/07.............. US $ 14,931,709 177,842
----------
$ 228,036
==========
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 High Yield Fund
By: /s/ Ronald E. Robison
---------------------
Name: Ronald E. Robison
Title: Principal Executive Officer
Date: July 19, 2007
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed by the following
persons on behalf of the registrant and in the capacities and on the dates
indicated.
By: /s/ Ronald E. Robison
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Name: Ronald E. Robison
Title: Principal Executive Officer
Date: July 19, 2007
By: /s/ Stuart N. Schuldt
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Name: Stuart N. Schuldt
Title: Principal Financial Officer
Date: July 19, 2007