Karpus Investment Management

Karpus Management as of Dec. 31, 2016

Portfolio Holdings for Karpus Management

Karpus Management holds 149 positions in its portfolio as reported in the December 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Nuveen Barclays Shrt Term Muni bdfund (SHM) 4.8 $83M 1.7M 47.94
Vanguard Small-Cap ETF (VB) 3.5 $61M 473k 128.96
BlackRock Income Trust 3.5 $61M 9.6M 6.33
Spdr S&p 500 Etf (SPY) 2.7 $47M 210k 223.53
Vanguard European ETF (VGK) 2.7 $47M 972k 47.94
Adams Express Company (ADX) 2.6 $46M 3.6M 12.71
Liberty All-Star Equity Fund (USA) 2.5 $43M 8.4M 5.16
BlackRock Credit All Inc Trust IV (BTZ) 2.4 $42M 3.2M 12.97
Morgan Stanley income sec 2.2 $38M 2.1M 17.94
First Trust/Aberdeen Global Opportunity (FAM) 2.2 $38M 3.4M 11.16
Eaton Vance Municipal Bond Fund (EIM) 2.0 $36M 2.9M 12.41
General American Investors (GAM) 2.0 $35M 1.1M 31.18
Vanguard Total Bond Market ETF (BND) 1.9 $33M 412k 80.79
Tri-Continental Corporation (TY) 1.9 $33M 1.5M 22.05
Vanguard Pacific ETF (VPL) 1.9 $32M 556k 58.12
Vanguard Total Stock Market ETF (VTI) 1.6 $28M 246k 115.32
MFS Intermediate Income Trust (MIN) 1.5 $26M 5.9M 4.44
Gabelli Equity Trust (GAB) 1.5 $26M 4.7M 5.52
MFS Investment Grade Municipal Trust (CXH) 1.4 $24M 2.6M 9.37
iShrs S&P ShtTrm Ntnl AMTFr MncplBnf ETF (SUB) 1.3 $23M 222k 105.07
Blackrock Science & (BST) 1.2 $22M 1.2M 17.94
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 1.2 $22M 3.9M 5.51
Nuveen Ins Ny Tx Fr Adv Mun (NRK) 1.2 $21M 1.7M 12.81
Vanguard Short-Term Bond ETF (BSV) 1.1 $20M 249k 79.45
Boulder Growth & Income Fund (STEW) 1.1 $20M 2.2M 8.94
Allianzgi Equity & Conv In 1.1 $20M 1.1M 18.42
Easterly Acquisition 1.1 $19M 2.0M 9.85
Vanguard Information Technology ETF (VGT) 1.1 $19M 157k 121.50
Vanguard Emerging Markets ETF (VWO) 1.1 $19M 526k 35.78
Harmony Merger 1.1 $19M 1.9M 10.12
PowerShares VRDO Tax Free Weekly Por ETF 1.1 $19M 750k 24.94
Managed Duration Invtmt Grd Mun Fund 1.1 $18M 1.4M 13.12
First Trust Enhanced Equity Income Fund (FFA) 1.1 $18M 1.3M 13.51
iShares MSCI Canada Index (EWC) 1.0 $18M 685k 26.15
BlackRock Core Bond Trust (BHK) 1.0 $18M 1.4M 13.01
Vanguard FTSE All-World ex-US ETF (VEU) 1.0 $17M 393k 44.18
Nuveen Div. Advantage Muni. Fund (NAD) 1.0 $17M 1.2M 13.96
Federated Premier Intermediate Municipal 1.0 $17M 1.3M 12.66
Japan Smaller Capitalizaion Fund (JOF) 1.0 $17M 1.8M 9.72
Blackrock Muni Intermediate Drtn Fnd (MUI) 0.9 $16M 1.2M 13.80
Madison Strategic Sector Premium Fund 0.9 $16M 1.4M 11.89
Duff & Phelps Utility & Corp Bond Trust 0.9 $16M 1.7M 9.44
Gabelli Dividend & Income Trust (GDV) 0.8 $15M 734k 20.04
Swiss Helvetia Fund (SWZ) 0.8 $15M 1.4M 10.21
Lazard World Dividend & Income Fund 0.8 $15M 1.5M 9.91
Ishares Msci Japan (EWJ) 0.8 $15M 302k 48.86
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.8 $15M 1.3M 11.14
Asia Pacific Fund 0.8 $14M 1.4M 9.72
Lennox International (LII) 0.8 $13M 87k 153.17
Virtus Global Divid Income F (ZTR) 0.7 $13M 1.1M 12.04
Madison Covered Call Eq Strat (MCN) 0.7 $13M 1.6M 7.70
BlackRock Enhanced Capital and Income (CII) 0.7 $12M 876k 13.71
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 0.7 $12M 845k 14.14
Zweig Fund 0.7 $12M 999k 12.09
Quinpario Acquisition Corp 2 0.7 $12M 1.2M 9.95
BlackRock Global Opportunities Equity Tr (BOE) 0.7 $12M 991k 11.57
Cohen & Steers infrastucture Fund (UTF) 0.7 $12M 593k 19.36
Nuveen Insured Tax-Free Adv Munici (NEA) 0.6 $11M 819k 13.34
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.6 $10M 849k 12.16
New Ireland Fund 0.6 $10M 861k 11.97
VIRTUS GLOBAL Multi-sec (VGI) 0.6 $10M 660k 15.33
Electrum Spl Acquisition Cor 0.5 $9.4M 947k 9.90
Capitol Acquisition Corp Iii 0.5 $9.2M 928k 9.95
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.5 $9.0M 949k 9.44
Tekla Healthcare Opportunit (THQ) 0.5 $9.0M 577k 15.52
Vanguard Long-Term Bond ETF (BLV) 0.5 $8.7M 98k 89.13
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.5 $8.7M 968k 8.95
BlackRock MuniYield Michigan Insured Fnd (MIY) 0.5 $8.8M 646k 13.59
New Germany Fund (GF) 0.5 $8.4M 646k 13.07
Allianzgi Nfj Divid Int Prem S cefs 0.5 $8.5M 671k 12.61
iShares S&P Europe 350 Index (IEV) 0.5 $8.1M 208k 38.81
Voya Infrastructure Industrial & Materia (IDE) 0.5 $8.0M 615k 12.98
Nuveen Dow 30 Dyn Overwrite (DIAX) 0.5 $8.1M 539k 15.00
Vanguard Intmdte Tm Govt Bd ETF (VGIT) 0.5 $7.8M 123k 63.92
iShares MSCI ACWI ex US Index Fund (ACWX) 0.4 $7.6M 190k 40.27
Nuveen Core Equity Alpha Fund (JCE) 0.4 $7.7M 591k 13.08
Nuveen Int Dur Qual Mun Trm 0.4 $7.7M 628k 12.30
Barington Hilco Acquisition 0.4 $7.7M 756k 10.16
Hennessy Cap Acquisition Cor 0.4 $7.6M 751k 10.08
Eaton Vance Mun Bd Fd Ii 0.4 $7.3M 590k 12.30
M Iii Acquisition Corp equities 0.4 $6.9M 708k 9.75
Japan Equity Fund ietf (JEQ) 0.4 $6.4M 866k 7.36
John Hancock Income Securities Trust (JHS) 0.3 $5.7M 407k 14.02
Jensyn Acquisition 0.3 $5.5M 537k 10.17
Nuveen Insd Dividend Advantage (NVG) 0.3 $5.1M 353k 14.46
AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) 0.3 $4.8M 360k 13.22
Nuveen Ohio Quality Income M 0.3 $4.5M 313k 14.53
European Equity Fund (EEA) 0.2 $4.3M 559k 7.72
Gp Invts Acquisition Cor 0.2 $4.1M 414k 9.90
Wells Fargo Adv Global Dividend Opport (EOD) 0.2 $3.6M 655k 5.45
Voya Global Eq Div & Pr Opp (IGD) 0.2 $3.6M 537k 6.78
Macquarie Global Infr Total Rtrn Fnd 0.2 $3.5M 175k 19.73
China Fund (CHN) 0.2 $3.4M 224k 15.05
Eaton Vance Tax-advntg Glbl Di (ETG) 0.2 $3.1M 217k 14.07
Invesco Van Kampen Bond Fund (VBF) 0.2 $3.2M 173k 18.49
Ing Global Advantage And Premium Opportunity Fund (IGA) 0.2 $3.1M 314k 9.83
Singapore Fund 0.2 $2.9M 335k 8.66
Alpine Global Dynamic 0.2 $2.9M 333k 8.77
Eaton Vance Enhanced Equity Income Fund (EOI) 0.2 $2.7M 218k 12.40
Invesco Van Kampen Municipal Trust (VKQ) 0.2 $2.7M 223k 12.26
Cohen and Steers Global Income Builder 0.2 $2.7M 318k 8.53
Voya Emerging Markets High I etf (IHD) 0.1 $2.7M 359k 7.45
Vaneck Vectors Amt-free Shrt M bdfund (SMB) 0.1 $2.7M 154k 17.25
Double Eagle Acquisition Cor 0.1 $2.2M 222k 9.90
Cf Corp shs cl a 0.1 $2.3M 231k 9.92
iShares MSCI Emerging Markets Indx (EEM) 0.1 $2.1M 61k 35.01
Templeton Emerging Markets (EMF) 0.1 $2.1M 173k 12.09
Morgan Stanley Emerging Markets Fund 0.1 $1.7M 130k 13.18
Morgan Stanley Asia Pacific Fund 0.1 $1.7M 128k 13.50
Eaton Vance Tax Managed Diversified Eq. (ETY) 0.1 $1.6M 154k 10.35
BlackRock New York Insured Municipal 0.1 $1.6M 123k 13.11
Deutsche High Income Opport 0.1 $1.5M 105k 14.41
First Tr Dynamic Europe Eqt 0.1 $1.6M 105k 15.52
Vanguard Europe Pacific ETF (VEA) 0.1 $1.4M 39k 36.55
EATON VANCE MI Municipal 0.1 $1.4M 106k 12.84
Morgan Stanley India Investment Fund (IIF) 0.1 $1.1M 44k 25.62
Global Partner Acquisition C 0.1 $1.1M 115k 9.94
Royce Value Trust (RVT) 0.1 $1.1M 84k 13.38
Invesco Insured Municipal Income Trust (IIM) 0.1 $1.1M 73k 14.62
Eaton Vance Pa Muni Income T sh ben int 0.1 $1.0M 83k 12.12
Virtus Total Return Fund Cef 0.1 $1.1M 248k 4.47
Voya Asia Pacific High Div Equity Income Fund (IAE) 0.1 $987k 113k 8.71
Boulevard Acquisition cl a 0.1 $1.1M 109k 9.89
Klr Energy Acquisition Corp cl a 0.1 $970k 94k 10.38
Jpmorgan China Region 0.1 $872k 56k 15.58
Templeton Dragon Fund (TDF) 0.0 $697k 43k 16.38
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.0 $705k 55k 12.76
Nuveen Select Tax Free Incom Portfolio 2 0.0 $707k 53k 13.31
Aberdeen Latin Amer Eqty 0.0 $756k 38k 19.78
Van Kampen Advantage Muni Incm Tr II (VKI) 0.0 $674k 60k 11.18
BlackRock Muni New York Intr. Dur. Fnd. 0.0 $683k 50k 13.58
Guggenheim Bld Amr Bds Mng D (GBAB) 0.0 $755k 35k 21.42
Dreyfus Mun Bd Infrastructure 0.0 $749k 61k 12.25
Gabelli mutual funds - (GGZ) 0.0 $751k 71k 10.59
Eaton Vance New York Municipal Bond Fund (ENX) 0.0 $584k 48k 12.29
Putnam Managed Municipal Income Trust (PMM) 0.0 $518k 73k 7.07
Nuveen Select Tax-Free Incom Portfolio 3 0.0 $553k 39k 14.17
Eaton Vance Oh Muni Income T sh ben int 0.0 $589k 43k 13.57
Western Asset Global Cp Defi (GDO) 0.0 $505k 30k 17.13
Jm Global Hldg 0.0 $451k 46k 9.85
M I Acquisitions 0.0 $437k 44k 10.00
Invesco Van Kampen Trust for IGNYM Fund (VTN) 0.0 $393k 30k 13.28
Invesco Quality Municipal Inc Trust (IQI) 0.0 $300k 24k 12.40
Pacholder High Yield 0.0 $403k 56k 7.19
Novanta (NOVT) 0.0 $322k 15k 20.99
Eaton Vance Pa Mun Bd 0.0 $227k 18k 12.61
Neuberger Berman NY Int Mun Common 0.0 $215k 17k 12.53
Putnam Municipal Opportunities Trust (PMO) 0.0 $207k 17k 11.95
Vanguard S&p 500 Etf idx (VOO) 0.0 $257k 734k 0.35