Karpus Investment Management

Karpus Management as of June 30, 2016

Portfolio Holdings for Karpus Management

Karpus Management holds 168 positions in its portfolio as reported in the June 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 6.1 $118M 615k 192.20
BlackRock Income Trust 3.6 $70M 11M 6.63
Vanguard European ETF (VGK) 3.2 $63M 1.4M 46.66
Vanguard Small-Cap ETF (VB) 2.8 $54M 465k 115.68
Nuveen Barclays Shrt Term Muni bdfund (SHM) 2.6 $50M 1.0M 49.08
General American Investors (GAM) 2.3 $46M 1.5M 30.82
Adams Express Company (ADX) 2.3 $45M 3.6M 12.67
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 2.1 $42M 2.6M 15.92
Liberty All-Star Equity Fund (USA) 2.1 $42M 8.3M 5.02
Nuveen Insd Dividend Advantage (NVG) 2.0 $40M 2.5M 16.26
Morgan Stanley income sec 1.9 $38M 2.1M 18.35
BlackRock Credit All Inc Trust IV (BTZ) 1.9 $37M 2.9M 13.02
Gabelli Equity Trust (GAB) 1.9 $37M 6.6M 5.49
First Trust/Aberdeen Global Opportunity 1.8 $35M 3.0M 11.44
Tri-Continental Corporation (TY) 1.7 $33M 1.6M 20.54
MFS Intermediate Income Trust (MIN) 1.7 $33M 7.2M 4.64
Nuveen Select Quality Municipal Fund 1.7 $33M 2.1M 15.52
Vanguard Pacific ETF (VPL) 1.5 $30M 537k 55.73
Spdr S&p 500 Etf (SPY) 1.4 $27M 127k 209.48
Vanguard Total Stock Market ETF (VTI) 1.3 $26M 238k 107.16
Boulder Growth & Income Fund (STEW) 1.3 $25M 3.1M 8.13
MFS Investment Grade Municipal Trust (CXH) 1.2 $24M 2.3M 10.58
Vanguard Total Bond Market ETF (BND) 1.2 $24M 286k 84.30
Zweig Total Return 1.2 $24M 2.0M 12.03
BlackRock Core Bond Trust (BHK) 1.2 $23M 1.7M 13.97
Allianzgi Equity & Conv In 1.2 $23M 1.2M 18.39
Cohen & Steers infrastucture Fund (UTF) 1.1 $22M 1.0M 21.42
Eaton Vance Municipal Bond Fund (EIM) 1.1 $22M 1.5M 14.17
Blackrock Science & (BST) 1.1 $21M 1.3M 16.50
Duff & Phelps Utility & Corp Bond Trust 1.1 $21M 2.2M 9.73
Invesco Van Kampen Bond Fund (VBF) 1.1 $21M 1.1M 18.89
Gabelli Dividend & Income Trust (GDV) 1.1 $21M 1.1M 19.13
Zweig Fund 1.1 $21M 1.6M 12.59
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 1.0 $20M 1.8M 11.11
Nuveen Ins Ny Tx Fr Adv Mun (NRK) 1.0 $19M 1.3M 14.26
Harmony Merger 1.0 $19M 1.9M 9.98
Vanguard Emerging Markets ETF (VWO) 1.0 $19M 531k 35.23
Swiss Helvetia Fund (SWZ) 0.9 $19M 1.8M 10.35
Ar Cap Acquisition 0.9 $19M 1.9M 9.93
Japan Smaller Capitalizaion Fund (JOF) 0.9 $18M 1.9M 9.78
Easterly Acquisition 0.9 $18M 1.9M 9.79
BlackRock Enhanced Dividend Achievers Tr (BDJ) 0.9 $18M 2.2M 7.88
Nuveen Munpl Markt Opp Fund 0.9 $18M 1.2M 15.08
First Trust Enhanced Equity Income Fund (FFA) 0.9 $17M 1.3M 13.12
Voya Infrastructure Industrial & Materia (IDE) 0.9 $17M 1.4M 12.36
Nuveen Global Value Opportunities Fund 0.9 $17M 1.5M 11.67
Federated Premier Intermediate Municipal 0.9 $17M 1.2M 14.65
Managed Duration Invtmt Grd Mun Fund 0.8 $17M 1.1M 14.72
Nuveen Int Dur Qual Mun Trm 0.8 $17M 1.2M 13.78
iShares MSCI Canada Index (EWC) 0.8 $16M 669k 24.51
BlackRock Global Opportunities Equity Tr (BOE) 0.8 $16M 1.4M 11.85
Vanguard Information Technology ETF (VGT) 0.8 $15M 144k 107.09
Blackrock Muni Intermediate Drtn Fnd (MUI) 0.8 $15M 997k 15.24
Invesco Quality Municipal Inc Trust (IQI) 0.7 $14M 1.0M 13.82
Voya Global Eq Div & Pr Opp (IGD) 0.7 $14M 2.0M 6.93
Vanguard FTSE All-World ex-US ETF (VEU) 0.7 $14M 322k 42.85
Nuveen Dow 30 Dyn Overwrite (DIAX) 0.7 $14M 939k 14.53
Ishares Tr hdg msci japan (HEWJ) 0.7 $13M 575k 23.37
Vanguard Short-Term Bond ETF (BSV) 0.7 $13M 158k 81.06
Asia Pacific Fund 0.7 $13M 1.3M 9.75
Tekla Healthcare Opportunit (THQ) 0.7 $13M 778k 16.63
Lennox International (LII) 0.7 $13M 89k 142.60
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.7 $13M 2.2M 5.75
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.6 $12M 829k 14.49
New Ireland Fund 0.6 $11M 914k 11.85
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.6 $11M 997k 10.67
Madison Strategic Sector Premium Fund 0.5 $9.1M 787k 11.50
John Hancock Income Securities Trust (JHS) 0.5 $9.0M 618k 14.49
Allianzgi Nfj Divid Int Prem S cefs 0.5 $9.0M 726k 12.33
Quinpario Acquisition Corp 2 0.5 $9.0M 913k 9.89
Eaton Vance Mun Bd Fd Ii 0.4 $8.7M 621k 13.95
Wells Fargo Adv Global Dividend Opport (EOD) 0.4 $8.4M 1.4M 5.97
Capitol Acquisition Corp Iii 0.4 $8.4M 869k 9.67
Nuveen Core Equity Alpha Fund (JCE) 0.4 $8.1M 586k 13.79
iShares MSCI ACWI ex US Index Fund (ACWX) 0.4 $7.9M 202k 38.96
Nuveen Premium Income Municipal Fund 0.4 $7.7M 502k 15.43
Madison Covered Call Eq Strat (MCN) 0.4 $7.0M 918k 7.66
VIRTUS GLOBAL Multi-sec (VGI) 0.3 $6.6M 436k 15.16
AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) 0.3 $6.1M 407k 15.09
Japan Equity Fund ietf (JEQ) 0.3 $5.4M 707k 7.67
Nuveen Ohio Quality Income M 0.2 $4.9M 294k 16.81
Dividend & Income Fund (BXSY) 0.2 $4.8M 440k 10.88
Gores Hldgs Inc cl a 0.2 $4.9M 503k 9.69
European Equity Fund (EEA) 0.2 $4.7M 601k 7.75
Lazard World Dividend & Income Fund 0.2 $4.7M 521k 9.03
Barington Hilco Acquisition 0.2 $4.6M 465k 9.95
Nexpoint Credit Strategies Fund (NXDT) 0.2 $4.7M 219k 21.31
Hennessy Cap Acquisition Cor 0.2 $4.5M 456k 9.80
BlackRock MuniYield Michigan Insured Fnd (MIY) 0.2 $4.2M 272k 15.49
New Germany Fund (GF) 0.2 $4.0M 301k 13.28
Singapore Fund 0.2 $3.9M 426k 9.04
Lazard Global Total Return & Income Fund (LGI) 0.2 $3.2M 248k 13.08
Invesco Van Kampen Municipal Trust (VKQ) 0.2 $3.4M 236k 14.21
Macquarie Global Infr Total Rtrn Fnd 0.2 $3.2M 149k 21.40
Voya Emerging Markets High I etf (IHD) 0.2 $3.1M 425k 7.35
China Fund (CHN) 0.1 $3.0M 204k 14.46
Western Ast Clymr Infl Lkd Sc & Incm (WIA) 0.1 $3.0M 259k 11.48
Nuveen Nasdaq 100 Dynamic Over (QQQX) 0.1 $3.0M 169k 17.86
BlackRock Enhanced Government Fund (EGF) 0.1 $2.8M 205k 13.71
Eaton Vance Tax-advntg Glbl Di (ETG) 0.1 $2.6M 184k 14.39
Alpine Global Dynamic 0.1 $2.6M 313k 8.46
Double Eagle Acquisition Cor 0.1 $2.1M 216k 9.79
Vanguard Europe Pacific ETF (VEA) 0.1 $2.0M 56k 35.35
Morgan Stanley Emerging Markets Fund 0.1 $1.9M 144k 13.28
Morgan Stanley Asia Pacific Fund 0.1 $2.0M 143k 13.78
Templeton Emerging Markets (EMF) 0.1 $1.9M 170k 11.39
Jpmorgan China Region 0.1 $1.7M 110k 15.20
Electrum Spl Acquisition Cor 0.1 $1.7M 176k 9.78
EATON VANCE MI Municipal 0.1 $1.7M 114k 14.44
Nuveen Premier Mun Income 0.1 $1.5M 102k 15.07
Eaton Vance Oh Muni Income T sh ben int 0.1 $1.6M 99k 15.75
Alliance California Municipal Income Fun 0.1 $1.4M 90k 15.46
Eaton Vance Pa Muni Income T sh ben int 0.1 $1.3M 95k 13.44
Deutsche High Income Opport 0.1 $1.4M 105k 13.60
Hydra Inds Acquisition 0.1 $1.4M 142k 9.89
First Tr Dynamic Europe Eqt 0.1 $1.3M 84k 15.98
Morgan Stanley India Investment Fund (IIF) 0.1 $1.1M 43k 26.68
Royce Value Trust (RVT) 0.1 $1.1M 95k 11.78
BlackRock New York Insured Municipal 0.1 $1.2M 80k 15.06
Voya Asia Pacific High Div Equity Income Fund (IAE) 0.1 $1.2M 134k 8.85
Vaneck Vectors Amt-free Shrt M bdfund (SMB) 0.1 $1.3M 71k 17.72
Exxon Mobil Corporation (XOM) 0.1 $1.0M 11k 93.74
Morgan Stanley China A Share Fund (CAF) 0.1 $955k 54k 17.85
Templeton Dragon Fund (TDF) 0.1 $1.1M 61k 17.32
Vanguard Intmdte Tm Govt Bd ETF (VGIT) 0.1 $999k 15k 67.16
Putnam Municipal Opportunities Trust (PMO) 0.1 $984k 74k 13.38
Aberdeen Latin Amer Eqty 0.1 $975k 49k 20.11
Guggenheim Enhanced Equity Strategy 0.1 $970k 63k 15.40
Boulevard Acquisition cl a 0.1 $1.1M 109k 9.75
iShares MSCI Emerging Markets Indx (EEM) 0.0 $745k 22k 34.38
Constellation Brands (STZ) 0.0 $701k 4.2k 165.33
Aberdeen Australia Equity Fund (IAF) 0.0 $752k 133k 5.64
Invesco Van Kampen Trust For Inv Grd Mun (VGM) 0.0 $871k 59k 14.86
Dreyfus Mun Bd Infrastructure 0.0 $873k 61k 14.26
Gabelli mutual funds - (GGZ) 0.0 $802k 77k 10.38
Vanguard Long-Term Bond ETF (BLV) 0.0 $512k 5.2k 98.08
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $599k 4.7k 127.45
Nuveen Insured Tax-Free Adv Munici (NEA) 0.0 $569k 38k 15.01
Cohen and Steers Global Income Builder 0.0 $672k 77k 8.71
Nuveen Ny Divid Advntg Mun F (NAN) 0.0 $550k 35k 15.67
Nuveen Michigan Qlity Incom Municipal 0.0 $668k 44k 15.35
Jm Global Hldg 0.0 $527k 54k 9.74
Kimberly-Clark Corporation (KMB) 0.0 $459k 3.3k 137.34
Korea Equity Fund 0.0 $349k 45k 7.85
Nuveen Tax-Advantaged Dividend Growth 0.0 $362k 25k 14.29
Constellation Brands 0.0 $448k 2.7k 166.17
Dt Asia Invts 0.0 $332k 36k 9.35
Home Depot (HD) 0.0 $230k 1.8k 127.78
Johnson & Johnson (JNJ) 0.0 $252k 2.1k 121.39
Walt Disney Company (DIS) 0.0 $288k 2.9k 97.83
Nucor Corporation (NUE) 0.0 $206k 4.2k 49.42
Paychex (PAYX) 0.0 $284k 4.8k 59.60
International Business Machines (IBM) 0.0 $212k 1.4k 151.43
Pepsi (PEP) 0.0 $251k 2.4k 105.91
Procter & Gamble Company (PG) 0.0 $210k 2.5k 84.54
Gabelli Global Multimedia Trust (GGT) 0.0 $128k 18k 7.04
Sempra Energy (SRE) 0.0 $234k 2.1k 114.15
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.0 $139k 17k 8.08
Calamos Strategic Total Return Fund (CSQ) 0.0 $136k 14k 9.87
ProShares Short 20+ Year Treasury ETF (TBF) 0.0 $211k 10k 21.10
Blackrock New York Municipal Bond Trust 0.0 $211k 13k 15.99
First Trust Active Dividend Income Fund 0.0 $275k 31k 8.98
Nuveen Conn Prem Income Mun sh ben int 0.0 $210k 15k 13.95
Wp Carey (WPC) 0.0 $270k 3.9k 69.43
Ishares Tr core msci euro (IEUR) 0.0 $276k 7.0k 39.43
Klr Energy Acquisition Corp cl a 0.0 $101k 10k 10.00
Novanta (NOVT) 0.0 $232k 15k 15.12
Pacholder High Yield 0.0 $71k 10k 7.10