Karpus Investment Management

Karpus Management as of Sept. 30, 2016

Portfolio Holdings for Karpus Management

Karpus Management holds 156 positions in its portfolio as reported in the September 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Vanguard S&p 500 Etf idx (VOO) 7.4 $141M 709k 198.69
BlackRock Income Trust 3.3 $62M 9.6M 6.48
Nuveen Barclays Shrt Term Muni bdfund (SHM) 3.2 $60M 1.2M 48.85
Vanguard European ETF (VGK) 3.0 $58M 1.2M 48.73
Vanguard Small-Cap ETF (VB) 2.9 $56M 455k 122.18
Adams Express Company (ADX) 2.5 $47M 3.6M 13.15
Liberty All-Star Equity Fund (USA) 2.3 $43M 8.3M 5.18
General American Investors (GAM) 2.2 $42M 1.3M 32.65
Morgan Stanley income sec 2.1 $39M 2.1M 18.92
BlackRock Credit All Inc Trust IV (BTZ) 2.0 $39M 2.9M 13.35
Nuveen Div. Advantage Muni. Fund (NAD) 2.0 $39M 2.6M 15.07
Spdr S&p 500 Etf (SPY) 2.0 $38M 177k 216.30
First Trust/Aberdeen Global Opportunity (FAM) 2.0 $37M 3.2M 11.78
Vanguard Total Bond Market ETF (BND) 1.8 $34M 404k 84.14
Tri-Continental Corporation (TY) 1.7 $33M 1.5M 21.38
Vanguard Pacific ETF (VPL) 1.7 $33M 537k 60.58
MFS Intermediate Income Trust (MIN) 1.6 $29M 6.5M 4.53
Vanguard Total Stock Market ETF (VTI) 1.5 $28M 250k 111.33
Gabelli Equity Trust (GAB) 1.4 $27M 4.7M 5.64
Nuveen Global Value Opportunities Fund 1.4 $26M 2.2M 11.94
MFS Investment Grade Municipal Trust (CXH) 1.3 $24M 2.3M 10.39
Blackrock Science & (BST) 1.3 $24M 1.3M 18.63
Boulder Growth & Income Fund (STEW) 1.2 $24M 2.8M 8.38
Nuveen Div Adv Muni Fd 3 Ben Int (NZF) 1.1 $21M 1.3M 15.74
Vanguard Short-Term Bond ETF (BSV) 1.1 $21M 254k 80.83
Nuveen Insd Dividend Advantage (NVG) 1.1 $20M 1.3M 16.07
Vanguard Emerging Markets ETF (VWO) 1.1 $20M 534k 37.63
Allianzgi Equity & Conv In 1.1 $20M 1.1M 18.72
Cohen & Steers infrastucture Fund (UTF) 1.0 $20M 904k 21.54
Japan Smaller Capitalizaion Fund (JOF) 1.0 $19M 1.8M 10.55
Ar Cap Acquisition 1.0 $20M 2.0M 9.89
Easterly Acquisition 1.0 $20M 2.0M 9.94
Harmony Merger 1.0 $19M 1.9M 10.06
BlackRock Core Bond Trust (BHK) 1.0 $19M 1.3M 14.21
Swiss Helvetia Fund (SWZ) 1.0 $19M 1.7M 10.69
Vanguard Information Technology ETF (VGT) 1.0 $18M 152k 120.37
Nuveen Ins Ny Tx Fr Adv Mun (NRK) 1.0 $18M 1.3M 14.12
First Trust Enhanced Equity Income Fund (FFA) 0.9 $18M 1.3M 13.36
Voya Infrastructure Industrial & Materia (IDE) 0.9 $18M 1.3M 13.48
Zweig Fund 0.9 $18M 1.4M 12.95
Duff & Phelps Utility & Corp Bond Trust 0.9 $17M 1.8M 9.77
iShares MSCI Canada Index (EWC) 0.9 $17M 669k 25.69
Managed Duration Invtmt Grd Mun Fund 0.9 $17M 1.2M 14.36
Gabelli Dividend & Income Trust (GDV) 0.8 $16M 834k 19.21
Eaton Vance Municipal Bond Fund (EIM) 0.8 $16M 1.2M 13.62
Federated Premier Intermediate Municipal 0.8 $16M 1.1M 14.12
Nuveen Insured Tax-Free Adv Munici (NEA) 0.8 $15M 1.1M 14.60
Vanguard FTSE All-World ex-US ETF (VEU) 0.8 $15M 334k 45.43
Blackrock Muni Intermediate Drtn Fnd (MUI) 0.8 $15M 964k 15.16
Asia Pacific Fund 0.8 $14M 1.3M 10.57
Virtus Global Divid Income F (ZTR) 0.8 $14M 1.2M 12.04
BlackRock Global Opportunities Equity Tr (BOE) 0.7 $14M 1.1M 12.25
Ishares Tr hdg msci japan (HEWJ) 0.7 $14M 569k 24.78
Lennox International (LII) 0.7 $14M 88k 157.04
Nuveen Int Dur Qual Mun Trm 0.7 $14M 981k 13.85
Tekla Healthcare Opportunit (THQ) 0.7 $13M 767k 17.48
BLACKROCK INTL GRWTH & INC T COM Bene Inter (BGY) 0.7 $13M 2.2M 5.93
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 0.7 $12M 1.1M 11.19
Lazard World Dividend & Income Fund 0.6 $12M 1.2M 10.10
Quinpario Acquisition Corp 2 0.6 $12M 1.2M 9.91
Madison Strategic Sector Premium Fund 0.6 $11M 968k 11.75
New Ireland Fund 0.6 $11M 880k 12.24
MUTUAL FUND Gabelli Healthcare & Wellnessr*x (GRX) 0.5 $10M 981k 10.41
Nuveen Dow 30 Dyn Overwrite (DIAX) 0.5 $9.4M 652k 14.42
Vanguard Long-Term Bond ETF (BLV) 0.5 $9.3M 95k 98.60
Capitol Acquisition Corp Iii 0.5 $9.1M 929k 9.80
Invesco Van Kampen Bond Fund (VBF) 0.5 $8.6M 444k 19.35
Invesco Van Kampen Penn Vl MI Trust (VPV) 0.5 $8.4M 622k 13.57
Madison Covered Call Eq Strat (MCN) 0.5 $8.5M 1.1M 7.78
Allianzgi Nfj Divid Int Prem S cefs 0.5 $8.5M 675k 12.64
Electrum Spl Acquisition Cor 0.4 $8.3M 842k 9.84
Vanguard Intmdte Tm Govt Bd ETF (VGIT) 0.4 $8.2M 123k 66.78
Eaton Vance Mun Bd Fd Ii 0.4 $8.1M 598k 13.50
John Hancock Income Securities Trust (JHS) 0.4 $8.2M 550k 14.85
Barington Hilco Acquisition 0.4 $8.2M 819k 10.05
iShares MSCI ACWI ex US Index Fund (ACWX) 0.4 $7.9M 190k 41.48
Wells Fargo Adv Global Dividend Opport (EOD) 0.4 $7.6M 1.3M 5.81
Voya Global Eq Div & Pr Opp (IGD) 0.4 $7.6M 1.0M 7.26
Japan Equity Fund ietf (JEQ) 0.3 $6.7M 816k 8.22
New Germany Fund (GF) 0.3 $6.0M 416k 14.35
Nuveen Core Equity Alpha Fund (JCE) 0.3 $6.0M 440k 13.73
AllianceBernstein Natnl Muncpl Incm Fnd. (AFB) 0.3 $5.7M 389k 14.73
Jensyn Acquisition 0.3 $5.1M 511k 10.03
VIRTUS GLOBAL Multi-sec (VGI) 0.3 $4.9M 311k 15.89
Nuveen Ohio Quality Income M 0.2 $4.7M 283k 16.49
Dividend & Income Fund (BXSY) 0.2 $4.8M 430k 11.21
European Equity Fund (EEA) 0.2 $4.6M 584k 7.90
Hennessy Cap Acquisition Cor 0.2 $4.4M 452k 9.80
BlackRock MuniYield Michigan Insured Fnd (MIY) 0.2 $4.1M 271k 15.12
Singapore Fund 0.2 $3.8M 404k 9.37
China Fund (CHN) 0.2 $3.3M 202k 16.44
Voya Emerging Markets High I etf (IHD) 0.2 $3.4M 418k 8.19
Invesco Quality Municipal Inc Trust (IQI) 0.2 $3.2M 231k 13.80
Macquarie Global Infr Total Rtrn Fnd 0.2 $3.1M 142k 21.80
BlackRock Enhanced Government Fund (EGF) 0.1 $2.8M 205k 13.77
Lazard Global Total Return & Income Fund (LGI) 0.1 $2.7M 196k 13.97
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 0.1 $2.6M 271k 9.67
Alpine Global Dynamic 0.1 $2.7M 306k 8.70
BlackRock Enhanced Dividend Achievers Tr (BDJ) 0.1 $2.4M 299k 7.89
Double Eagle Acquisition Cor 0.1 $2.2M 223k 9.90
Cf Corp shs cl a 0.1 $2.3M 231k 9.79
Morgan Stanley Emerging Markets Fund 0.1 $2.1M 142k 14.55
Morgan Stanley Asia Pacific Fund 0.1 $2.0M 133k 15.09
Templeton Emerging Markets (EMF) 0.1 $2.0M 162k 12.63
Vanguard Europe Pacific ETF (VEA) 0.1 $2.0M 53k 37.41
Hydra Inds Acquisition 0.1 $2.0M 197k 9.96
Nexpoint Credit Strategies Fund (NXDT) 0.1 $1.8M 80k 22.23
EATON VANCE MI Municipal 0.1 $1.5M 108k 14.15
Deutsche High Income Opport 0.1 $1.5M 105k 14.15
Morgan Stanley India Investment Fund (IIF) 0.1 $1.2M 44k 28.43
Jpmorgan China Region 0.1 $1.4M 81k 17.23
Voya Asia Pacific High Div Equity Income Fund (IAE) 0.1 $1.3M 133k 9.84
Vaneck Vectors Amt-free Shrt M bdfund (SMB) 0.1 $1.3M 73k 17.66
Templeton Dragon Fund (TDF) 0.1 $1.1M 60k 17.63
Royce Value Trust (RVT) 0.1 $1.1M 85k 12.66
BlackRock New York Insured Municipal 0.1 $1.2M 80k 14.70
Eaton Vance Pa Muni Income T sh ben int 0.1 $1.1M 85k 13.14
Virtus Total Return Fund Cef 0.1 $1.2M 249k 4.74
Global Partner Acquisition C 0.1 $1.1M 114k 9.82
Boulevard Acquisition cl a 0.1 $1.1M 109k 9.82
Exxon Mobil Corporation (XOM) 0.1 $931k 11k 87.27
Aberdeen Latin Amer Eqty 0.1 $919k 43k 21.26
Dreyfus Mun Bd Infrastructure 0.1 $859k 61k 14.04
Jm Global Hldg 0.1 $960k 97k 9.89
Klr Energy Acquisition Corp cl a 0.1 $934k 92k 10.12
iShares MSCI Emerging Markets Indx (EEM) 0.0 $812k 22k 37.47
Constellation Brands (STZ) 0.0 $706k 4.2k 166.51
Gabelli mutual funds - (GGZ) 0.0 $814k 75k 10.81
First Tr Dynamic Europe Eqt 0.0 $790k 50k 15.71
Aberdeen Australia Equity Fund (IAF) 0.0 $551k 95k 5.82
iShares Lehman 3-7 Yr Treasury Bond (IEI) 0.0 $595k 4.7k 126.60
Invesco Van Kampen Municipal Trust (VKQ) 0.0 $581k 42k 13.80
Cohen and Steers Global Income Builder 0.0 $656k 74k 8.89
Invesco Insured Municipal Income Trust (IIM) 0.0 $586k 36k 16.37
Eaton Vance Oh Muni Income T sh ben int 0.0 $656k 43k 15.11
Home Depot (HD) 0.0 $353k 2.7k 128.79
Kimberly-Clark Corporation (KMB) 0.0 $422k 3.3k 126.27
Constellation Brands 0.0 $450k 2.7k 166.91
Ishares Tr core msci euro (IEUR) 0.0 $302k 7.3k 41.37
Microsoft Corporation (MSFT) 0.0 $223k 3.9k 57.59
Johnson & Johnson (JNJ) 0.0 $245k 2.1k 118.02
Walt Disney Company (DIS) 0.0 $274k 2.9k 93.07
Nucor Corporation (NUE) 0.0 $206k 4.2k 49.42
Paychex (PAYX) 0.0 $276k 4.8k 57.92
International Business Machines (IBM) 0.0 $222k 1.4k 158.57
Pepsi (PEP) 0.0 $258k 2.4k 108.86
Procter & Gamble Company (PG) 0.0 $223k 2.5k 89.77
Gabelli Global Multimedia Trust (GGT) 0.0 $148k 19k 7.71
Sempra Energy (SRE) 0.0 $219k 2.1k 106.83
Nuveen Multi-Strategy Inc & Growth Fd 2 (JQC) 0.0 $146k 17k 8.49
ProShares Short 20+ Year Treasury ETF (TBF) 0.0 $210k 10k 21.00
Putnam Municipal Opportunities Trust (PMO) 0.0 $145k 11k 13.33
Blackrock New York Municipal Bond Trust 0.0 $162k 10k 15.67
Wp Carey (WPC) 0.0 $251k 3.9k 64.54
Novanta (NOVT) 0.0 $266k 15k 17.34
Pacholder High Yield 0.0 $71k 10k 7.10