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KIM

Karpus Investment Management Portfolio holdings

AUM $3.48B
1-Year Est. Return 10.49%
This Fund
S&P 500
This Quarter Est. Return
+3.58%
1 Year Est. Return
+10.49%
3 Year Est. Return
+24.71%
5 Year Est. Return
+15.24%
10 Year Est. Return
+55.85%
AUM
$1.8B
AUM Growth
+$231M
Cap. Flow
+$169M
Cap. Flow %
9.42%
Top 10 Hldgs %
38.34%
Holding
225
New
35
Increased
110
Reduced
54
Closed
20

Top Buys

Rank Stock Value
1
BDJ icon
BlackRock Enhanced Equity Dividend Trust
BDJ
+$23.7M
2
VKQ icon
Invesco Municipal Trust
VKQ
+$23.4M
3
VOO icon
Vanguard S&P 500 ETF
VOO
+$22.5M
4
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$16.9M
5
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$16.2M

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$46.4M
2
DIA icon
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
+$36.7M
3
TFI icon
State Street SPDR Nuveen ICE Municipal Bond ETF
TFI
+$34.4M
4
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$16.4M
5
IGSB icon
iShares 1-5 Year Investment Grade Corporate Bond ETF
IGSB
+$11.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 82.92%
2 Financials 16.46%
3 Industrials 0.46%
4 Technology 0.08%
5 Energy 0.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPE
26
Special Opportunities Fund
SPE
$145M
$18.2M 1.01%
1,088,679
-71,157
-6% -$1.25M
BGY icon
27
BlackRock Enhanced International Dividend Trust
BGY
$525M
$17.6M 0.98%
2,168,974
+388,119
+22% +$3.08M
WIW
28
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$501M
$17.3M 0.96%
1,537,641
+20,260
+1% +$233K
SWZ
29
Swiss Helvetia Fund
SWZ
$76.7M
$17.3M 0.96%
1,236,914
-11,446
-0.9% -$163K
ZF
30
DELISTED
Virtus Total Return Fund Inc.
ZF
$16.6M 0.92%
1,118,731
+66,280
+6% +$937K
BKT icon
31
BlackRock Income Trust
BKT
$320M
$15.7M 0.87%
805,571
+507,700
+170% +$9.97M
VMO icon
32
Invesco Municipal Opportunity Trust
VMO
$622M
$15.3M 0.85%
1,309,446
+1,190,233
+998% +$13.7M
NMO
33
DELISTED
NUVEEN MUNI MARKET OPPORT FUND
NMO
$15M 0.84%
1,253,287
+1,020,977
+439% +$12.2M
SHM icon
34
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.49B
$14.6M 0.81%
301,078
-337,125
-53% -$16.4M
NEA icon
35
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.15B
$14.4M 0.8%
1,197,710
+720,912
+151% +$8.75M
PMO
36
Franklin Municipal Opportunities Trust
PMO
$264M
$13.9M 0.77%
1,294,914
+200,568
+18% +$2.17M
NMA
37
DELISTED
NUVEEN MUNI ADVANTAGE FUND
NMA
$13.1M 0.73%
1,081,302
+640,028
+145% +$7.81M
BNA
38
DELISTED
BLACKROCK INCOME OPPORTUNITY TRUST INC
BNA
$12.9M 0.72%
1,331,041
+483,467
+57% +$4.74M
BTF
39
DELISTED
BOULDER TOTAL RETURN FD INC
BTF
$12.7M 0.71%
552,892
+50,267
+10% +$1.13M
BGR icon
40
BlackRock Energy and Resources Trust
BGR
$446M
$12.2M 0.68%
502,396
+168,135
+50% +$4.37M
EIM
41
Eaton Vance Municipal Bond Fund
EIM
$465M
$12.2M 0.68%
+1,077,322
New +$12M
JGT
42
DELISTED
NUVEEN DIVERSIFIED CURRENCY OPPORTUNIES FUND(USA)
JGT
$12.1M 0.67%
1,202,857
+154,118
+15% +$1.62M
FPF
43
First Trust Intermediate Duration Preferred & Income Fund
FPF
$1.02B
$11.7M 0.65%
+551,734
New +$11.5M
CII icon
44
BlackRock Enhanced Captial and Income Fund
CII
$1.05B
$11.5M 0.64%
841,810
+66,565
+9% +$896K
EWJ icon
45
iShares MSCI Japan ETF
EWJ
$23.6B
$11.1M 0.62%
229,478
-2,956
-1% -$141K
EPP icon
46
iShares MSCI Pacific ex Japan ETF
EPP
$2.24B
$10.9M 0.61%
232,903
+9,215
+4% +$444K
EVT icon
47
Eaton Vance Tax-Advantaged Dividend Income Fund
EVT
$2.08B
$10.7M 0.59%
561,884
+336,343
+149% +$6.22M
NPM
48
DELISTED
NUVEEN PREMIUM INCM MUNI FD II
NPM
$10.7M 0.59%
849,759
+522,944
+160% +$6.58M
GF
49
New Germany Fund
GF
$182M
$10.6M 0.59%
532,362
-181,094
-25% -$4.03M
UTF icon
50
Cohen & Steers Infrastructure Fund
UTF
$2.79B
$10.5M 0.58%
509,065
+134,737
+36% +$2.71M
1
2
3 4 5

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Karpus Investment Management's Q4 2013 Portfolio in Review

As of Q4 2013, Karpus Investment Management held 225 positions worth $1.8B, up 15% from $1.57B the previous quarter. Its ten largest holdings account for 38% of the portfolio.

Karpus Investment Management deployed $169M of net new capital in Q4 2013, opening 35 new positions and adding to 110 existing holdings. Its largest new stake was Eaton Vance Municipal Bond Fund: 1,077,322 shares worth $12.2M.

By sector, the portfolio is most concentrated in Miscellaneous at 83% of assets, down from 85% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was SPDR Gold Trust, an estimated $46.4M trimmed.

  • Karpus Investment Management's largest Q4 2013 buy was Eaton Vance Municipal Bond Fund: 1,077,322 shares worth $12.2M.
  • Karpus Investment Management added most to BlackRock Enhanced Equity Dividend Trust in Q4 2013, an estimated $23.7M increase.
  • Karpus Investment Management's biggest Q4 2013 reduction was SPDR Gold Trust, cutting an estimated $46.4M.
  • Karpus Investment Management fully exited State Street SPDR Nuveen ICE Municipal Bond ETF in Q4 2013, selling an estimated $34.4M.
  • Karpus Investment Management's ten largest holdings make up 38% of its $1.8B portfolio in Q4 2013.
  • Karpus Investment Management opened 35 new positions and closed 20 in Q4 2013.
  • Karpus Investment Management's portfolio value rose 15% quarter-over-quarter to $1.8B.

Based on Karpus Investment Management's 13F filing for Q4 2013, filed 14 Feb 2014.