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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
+2.49%
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
$1.89B
AUM Growth
-$57.2M
Cap. Flow
-$101M
Cap. Flow %
-5.36%
Top 10 Hldgs %
30.97%
Holding
176
New
8
Increased
43
Reduced
83
Closed
20

Top Buys

Rank Stock Value
1
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$39.8M
2
VOO icon
Vanguard S&P 500 ETF
VOO
+$18.7M
3
NEA icon
Nuveen AMT-Free Quality Municipal Income Fund
NEA
+$15.1M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$10.8M
5
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$10M

Top Sells

Rank Stock Value
1
NQS
NUVEEN SELECT QUALITY MUNI FD
NQS
+$32.5M
2
NZF icon
Nuveen Municipal Credit Income Fund
NZF
+$20.7M
3
NVG icon
Nuveen AMT-Free Municipal Credit Income Fund
NVG
+$19.5M
4
NMO
NUVEEN MUNI MARKET OPPORT FUND
NMO
+$17.6M
5
BDJ icon
BlackRock Enhanced Equity Dividend Trust
BDJ
+$15.5M

Sector Composition

Rank Sector Weight
1 Miscellaneous 92.14%
2 Financials 4.35%
3 Industrials 1.49%
4 Energy 1.12%
5 Consumer Discretionary 0.42%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVG icon
26
Nuveen AMT-Free Municipal Credit Income Fund
NVG
$2.45B
$20.2M 1.07%
1,259,126
-1,201,231
-49% -$19.5M
VWO icon
27
Vanguard FTSE Emerging Markets ETF
VWO
$125B
$20.1M 1.06%
534,160
+3,132
+0.6% +$117K
NIE
28
Virtus Equity & Convertible Income Fund
NIE
$680M
$20.1M 1.06%
1,073,597
-171,997
-14% -$3.26M
AUMA
29
DELISTED
AR CAPITAL ACQUISITION CORP COMMON STOCK
AUMA
$19.6M 1.03%
1,978,127
+113,975
+6% +$1.14M
EACQ
30
DELISTED
Easterly Acquisition Corp
EACQ
$19.5M 1.03%
1,960,691
+93,525
+5% +$925K
UTF icon
31
Cohen & Steers Infrastructure Fund
UTF
$2.78B
$19.5M 1.03%
903,500
-133,497
-13% -$2.86M
JOF
32
Japan Smaller Capitalization Fund
JOF
$349M
$19.4M 1.03%
1,841,078
-36,793
-2% -$374K
NEXT icon
33
NextDecade
NEXT
$1.88B
$19.3M 1.02%
1,913,811
+14,567
+0.8% +$146K
BHK icon
34
BlackRock Core Bond Trust
BHK
$618M
$18.9M 1%
1,326,515
-343,194
-21% -$4.85M
SWZ
35
Swiss Helvetia Fund
SWZ
$76.5M
$18.5M 0.98%
1,730,148
-53,658
-3% -$559K
VGT icon
36
Vanguard Information Technology ETF
VGT
$146B
$18.2M 0.96%
1,212,880
+62,160
+5% +$901K
NRK icon
37
Nuveen New York AMT-Free Quality Municipal Income Fund
NRK
$847M
$18.2M 0.96%
1,288,603
-50,895
-4% -$731K
IDE
38
Voya Infrastructure, Industrials and Materials Fund
IDE
$187M
$17.8M 0.94%
1,322,141
-85,307
-6% -$1.08M
FFA
39
First Trust Enhanced Equity Income Fund
FFA
$453M
$17.7M 0.94%
1,326,131
+5,842
+0.4% +$78.7K
ZF
40
DELISTED
Virtus Total Return Fund Inc.
ZF
$17.6M 0.93%
1,361,737
-275,048
-17% -$3.52M
DUC
41
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
$17.3M 0.92%
1,773,083
-386,018
-18% -$3.75M
EWC icon
42
iShares MSCI Canada ETF
EWC
$6.78B
$17.2M 0.91%
668,504
-856
-0.1% -$21.7K
MZF
43
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
$16.6M 0.88%
1,154,034
+34,401
+3% +$500K
FPT
44
DELISTED
Federated Premier Intermediate M
FPT
$16.2M 0.85%
1,144,451
-32,147
-3% -$461K
EIM
45
Eaton Vance Municipal Bond Fund
EIM
$465M
$16.1M 0.85%
1,184,716
-330,494
-22% -$4.59M
GDV icon
46
Gabelli Dividend & Income Trust
GDV
$2.52B
$16M 0.85%
833,874
-245,458
-23% -$4.82M
NEA icon
47
Nuveen AMT-Free Quality Municipal Income Fund
NEA
$3.16B
$15.4M 0.81%
1,053,541
+1,015,641
+2,680% +$15.1M
VEU icon
48
Vanguard FTSE All-World ex-US ETF
VEU
$68.9B
$15.2M 0.8%
334,064
+12,534
+4% +$560K
MUI
49
DELISTED
BlackRock Municipal Income Fund, Inc.
MUI
$14.6M 0.77%
963,612
-33,584
-3% -$515K
ZTR
50
Virtus Total Return Fund
ZTR
$316M
$14.2M 0.75%
1,178,099
-778,379
-40% -$9.53M
1
2
3 4 5

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Karpus Investment Management's Q3 2016 Portfolio in Review

As of Q3 2016, Karpus Investment Management held 176 positions worth $1.89B, down 2.9% from $1.95B the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Karpus Investment Management withdrew a net $101M in Q3 2016, closing 20 positions and reducing 83 holdings. Its most notable exit was NUVEEN SELECT QUALITY MUNI FD, an estimated $32.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 92% of assets, up from 92% a quarter earlier, followed by Financials and Industrials.

Against the trend, Karpus Investment Management opened a new position in Nuveen Quality Municipal Income Fund worth $38.7M.

  • Karpus Investment Management's largest Q3 2016 buy was Nuveen Quality Municipal Income Fund: 2,566,326 shares worth $38.7M.
  • Karpus Investment Management added most to Vanguard S&P 500 ETF in Q3 2016, an estimated $18.7M increase.
  • Karpus Investment Management's biggest Q3 2016 reduction was Nuveen Municipal Credit Income Fund, cutting an estimated $20.7M.
  • Karpus Investment Management fully exited NUVEEN SELECT QUALITY MUNI FD in Q3 2016, selling an estimated $32.5M.
  • Karpus Investment Management's ten largest holdings make up 31% of its $1.89B portfolio in Q3 2016.
  • Karpus Investment Management opened 8 new positions and closed 20 in Q3 2016.
  • Karpus Investment Management's portfolio value fell 2.9% quarter-over-quarter to $1.89B.

Based on Karpus Investment Management's 13F filing for Q3 2016, filed 14 Nov 2016.