Sept. 24, 2004 — The Van Kampen High Yield Municipal/A (ACTHX) will close to new investors on Tuesday to keep its assets from increasing to the point where they can hurt its performance.
The fund had total assets of about $4 billion at the end of last month.
Van Kampen may reopen the fund “as market conditions permit,” the company said in a regulatory filing on Thursday.
The fund returned 3.7% this year through August, compared to 2.8% for the average national municipal high yield bond fund.
The portfolio is ranked 4 Stars by Standard & Poor’s.
Contact Bob Keane with questions or comments at: [email protected].