KIM

Karpus Investment Management Portfolio holdings

AUM $3.09B

This Quarter Return

-0.3%

1 Year Return

+2.46%

3 Year Return

+4.61%

5 Year Return

+31.78%

10 Year Return

+33.6%

AUM

$3.09B

AUM Growth

-$296M (-9%)

Cap. Flow

-$277M

Cap. Flow % of AUM

-8.98%

Top 10 Holdings %Top 10 Hldgs %

32.43%

Holding

228

New

Increased

Reduced

110

Closed

Top Buys

1	DMAA Drugs Made In America Acquisition Corp. Ordinary Shares DMAA	$23.3M
2	Vanguard FTSE All-World ex-US ETF VEU	$18.2M
3	TAVI Tavia Acquisition Corp. Ordinary Shares TAVI	$14.3M
4	KFII K&F Growth Acquisition Corp. II Class A Ordinary shares KFII	$11.7M
5	iShares Russell 1000 ETF IWB	$11.2M

Top Sells

1	MUI BlackRock Municipal Income Fund, Inc. MUI	$128M
2	Nuveen AMT-Free Quality Municipal Income Fund NEA	$51.7M
3	AACT Ares Acquisition Corporation II AACT	$32.4M
4	Nuveen Quality Municipal Income Fund NAD	$31M
5	Nuveen California Quality Municipal Income Fund NAC	$24.4M

Sector Composition

1	Financials	22.31%
2	Industrials	0.16%
3	Technology	0.04%
4	Healthcare	0.03%
5	Consumer Discretionary	0.02%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	1 Vanguard S&P 500 ETF VOO $687B	$237M	7.69%	461,800 -5,268	-1%	-$2.71M
2	2 Nuveen New York AMT-Free Quality Municipal Income Fund NRK $840M	$185M	5.99%	17,942,460 -1,310,546	-7%	-$13.5M
3	3 BlackRock MuniHoldings Fund MHD $579M	$87.4M	2.83%	7,446,755 -47,419	-0.6%	-$557K
4	4 iShares Core S&P 500 ETF IVV $629B	$78.7M	2.55%	140,091 -4,207	-3%	-$2.36M
5	5 BlackRock MuniVest Fund MVF $375M	$72.4M	2.35%	10,331,144 -968,104	-9%	-$6.79M
6	6 Vanguard Small-Cap ETF VB $63.9B	$72.3M	2.34%	326,238 -255	-0.1%	-$56.5K
7	EIM 7 Eaton Vance Municipal Bond Fund EIM $514M	$69.9M	2.27%	7,013,648 -772,035	-10%	-$7.7M
8	8 Nuveen AMT-Free Quality Municipal Income Fund NEA $3.26B	$68.7M	2.23%	6,131,607 -4,616,826	-43%	-$51.7M
9	WIA 9 Western Asset Inflation-Linked Income Fund WIA $195M	$65.1M	2.11%	7,805,355 +62,285	+0.8%	+$520K
10	10 BlackRock Municipal 2030 Target Term Trust BTT $1.44B	$64M	2.07%	3,012,742 +199,462	+7%	+$4.23M
11	AAM 11 AA Mission Acquisition Corp. AAM $459M	$63M	2.04%	6,043,528 +43,075	+0.7%	+$449K
12	12 Vanguard FTSE Emerging Markets ETF VWO $92.5B	$54.8M	1.78%	1,211,646 -12,267	-1%	-$555K
13	13 BlackRock MuniHoldings California Quality Fund MUC $965M	$53.9M	1.75%	5,029,383 +432,502	+9%	+$4.63M
14	FINS 14 Angel Oak Financial Strategies Income Term Trust FINS $326M	$47.8M	1.55%	3,542,306 -229,145	-6%	-$3.09M
15	NBXG 15 Neuberger Berman Next Generation Connectivity Fund NBXG $1.14B	$45.2M	1.46%	3,685,746 -122,409	-3%	-$1.5M
16	16 BlackRock Municipal Income Trust BFK $415M	$43.6M	1.41%	4,408,579 +64,979	+2%	+$643K
17	17 Nuveen NASDAQ 100 Dynamic Overwrite Fund QQQX $1.28B	$43.1M	1.4%	1,815,285 -27,539	-1%	-$654K
18	18 Gabelli Dividend & Income Trust GDV $2.35B	$42.8M	1.39%	1,772,709 +29,154	+2%	+$703K
19	19 BlackRock Municipal Income Trust II BLE $473M	$41.1M	1.33%	3,952,989 +54,514	+1%	+$566K
20	LEGT 20 Legato Merger Corp III LEGT $276M	$40.3M	1.3%	3,837,341 +105,756	+3%	+$1.11M
21	21 iShares 7-10 Year Treasury Bond ETF IEF $34.5B	$40M	1.3%	419,287 +3,111	+0.8%	+$297K
22	22 Vanguard Total Stock Market ETF VTI $502B	$39M	1.27%	142,072 -1,871	-1%	-$514K
23	GPAT 23 GP-Act III Acquisition Corp. Class A Ordinary Share GPAT $379M	$37.1M	1.2%	3,608,177 -33,287	-0.9%	-$343K
24	24 Nuveen Quality Municipal Income Fund NAD $2.63B	$36.7M	1.19%	3,188,063 -2,690,935	-46%	-$31M
25	25 SPDR Nuveen ICE Short Term Municipal Bond ETF SHM $3.41B	$34.3M	1.11%	721,219 +168,456	+30%	+$8.02M