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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
+1.7%
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
$2.17B
AUM Growth
+$196M
Cap. Flow
+$164M
Cap. Flow %
7.56%
Top 10 Hldgs %
42.49%
Holding
163
New
32
Increased
35
Reduced
67
Closed
14

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$98.5M
2
NAD icon
Nuveen Quality Municipal Income Fund
NAD
+$52.7M
3
IIM icon
Invesco Value Municipal Income Trust
IIM
+$26.6M
4
GAB icon
Gabelli Equity Trust
GAB
+$26.3M
5
BLV icon
Vanguard Long-Term Bond ETF
BLV
+$15.4M

Top Sells

Rank Stock Value
1
SHM icon
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
+$46.6M
2
VCIT icon
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
+$29.4M
3
GAM
General American Investors Company
GAM
+$21.2M
4
USA icon
Liberty All-Star Equity Fund
USA
+$10.4M
5
FPT
Federated Premier Intermediate M
FPT
+$8.52M

Sector Composition

Rank Sector Weight
1 Miscellaneous 87.81%
2 Technology 5.8%
3 Industrials 2.39%
4 Communication Services 1.87%
5 Financials 0.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APB
26
DELISTED
Asia Pacific Fund
APB
$23.5M 1.09%
1,633,260
+5,055
+0.3% +$72.8K
MZF
27
DELISTED
Managed Duration Inv Grd Muni Fd
MZF
$22.6M 1.04%
1,683,561
+145,446
+9% +$1.97M
EWC icon
28
iShares MSCI Canada ETF
EWC
$6.81B
$22.4M 1.03%
754,096
-39,359
-5% -$1.15M
PVI icon
29
Invesco Floating Rate Municipal Income ETF
PVI
$31.1M
$21.5M 0.99%
864,040
+10,900
+1% +$272K
SUB icon
30
iShares Short-Term National Muni Bond ETF
SUB
$11.6B
$21.4M 0.99%
203,624
-28,144
-12% -$2.97M
USA icon
31
Liberty All-Star Equity Fund
USA
$1.81B
$20M 0.92%
3,179,576
-1,700,775
-35% -$10.4M
VCIT icon
32
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$68.9B
$20M 0.92%
228,515
-334,935
-59% -$29.4M
LOR
33
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$18.9M 0.87%
1,624,437
-30,146
-2% -$340K
EWJ icon
34
iShares MSCI Japan ETF
EWJ
$23.5B
$18.6M 0.86%
309,969
+1,942
+0.6% +$114K
LII icon
35
Lennox International
LII
$12.5B
$17.9M 0.83%
85,972
-418
-0.5% -$81.5K
FAM
36
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$16.4M 0.76%
1,406,070
-240,758
-15% -$2.76M
FRMM
37
Forum Markets
FRMM
$57.7M
$16.4M 0.76%
443
-10
-2% -$369K
EIV
38
DELISTED
Eaton Vance Municipal Bond Fund II
EIV
$16.2M 0.75%
1,312,838
+519,509
+65% +$6.4M
MSP
39
DELISTED
Madison Strategic Sector
MSP
$16M 0.74%
1,363,237
-32,439
-2% -$380K
MCN
40
Madison Covered Call & Equity Strategy Fund
MCN
$115M
$15.9M 0.73%
2,057,318
-33,654
-2% -$258K
VTV icon
41
Vanguard Morningstar Value ETF
VTV
$190B
$15.8M 0.73%
+148,841
New +$15.4M
BSV icon
42
Vanguard Short-Term Bond ETF
BSV
$46.2B
$15.7M 0.72%
198,100
-37,750
-16% -$3M
CXH
43
DELISTED
MFS Investment Grade Municipal Trust
CXH
$15.2M 0.7%
1,566,493
-12,212
-0.8% -$119K
IEA
44
DELISTED
Infrastructure and Energy Alternatives, Inc. Common Stock
IEA
$14.6M 0.67%
1,472,300
-26,050
-2% -$257K
GF
45
New Germany Fund
GF
$178M
$14M 0.65%
721,448
-17,514
-2% -$335K
IQI icon
46
Invesco Quality Municipal Securities
IQI
$514M
$13.7M 0.63%
1,095,731
+1,080,231
+6,969% +$13.5M
JOF
47
Japan Smaller Capitalization Fund
JOF
$349M
$13.6M 0.63%
1,150,844
-325,300
-22% -$4.17M
DUC
48
DELISTED
Duff & Phelps Utility & Corporate Bond Trust
DUC
$13.5M 0.62%
1,521,256
+5,190
+0.3% +$46.8K
VMO icon
49
Invesco Municipal Opportunity Trust
VMO
$622M
$13.2M 0.61%
+1,061,836
New +$13.3M
SWZ
50
Swiss Helvetia Fund
SWZ
$76.7M
$12.6M 0.58%
990,662
-37,398
-4% -$472K
1
2
3 4 5

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Karpus Investment Management's Q4 2017 Portfolio in Review

As of Q4 2017, Karpus Investment Management held 163 positions worth $2.17B, up 9.9% from $1.97B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Karpus Investment Management deployed $164M of net new capital in Q4 2017, opening 32 new positions and adding to 35 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 378,935 shares worth $101M.

By sector, the portfolio is most concentrated in Miscellaneous at 88% of assets, up from 87% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was State Street SPDR Nuveen ICE Short Term Municipal Bond ETF, an estimated $46.6M trimmed.

  • Karpus Investment Management's largest Q4 2017 buy was State Street SPDR S&P 500 ETF Trust: 378,935 shares worth $101M.
  • Karpus Investment Management added most to Nuveen Quality Municipal Income Fund in Q4 2017, an estimated $52.7M increase.
  • Karpus Investment Management's biggest Q4 2017 reduction was State Street SPDR Nuveen ICE Short Term Municipal Bond ETF, cutting an estimated $46.6M.
  • Karpus Investment Management fully exited Federated Premier Intermediate M in Q4 2017, selling an estimated $8.52M.
  • Karpus Investment Management's ten largest holdings make up 42% of its $2.17B portfolio in Q4 2017.
  • Karpus Investment Management opened 32 new positions and closed 14 in Q4 2017.
  • Karpus Investment Management's portfolio value rose 9.9% quarter-over-quarter to $2.17B.

Based on Karpus Investment Management's 13F filing for Q4 2017, filed 14 Feb 2018.