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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
APB
51
DELISTED
Asia Pacific Fund
APB
$14.1M 0.75%
1,334,049
+7,435
+0.6% +$76.6K
HEWJ icon
52
iShares Currency Hedged MSCI Japan ETF
HEWJ
$675M
$14.1M 0.74%
568,550
-5,930
-1% -$144K
BOE icon
53
BlackRock Enhanced Global Dividend Trust
BOE
$675M
$14M 0.74%
1,139,356
-220,457
-16% -$2.67M
LII icon
54
Lennox International
LII
$12.5B
$13.8M 0.73%
88,031
-1,074
-1% -$167K
NIQ
55
DELISTED
NUVEEN INTERMEDIATE DURATION QUALITY MUNICIPAL TERM FUND
NIQ
$13.6M 0.72%
981,098
-224,723
-19% -$3.1M
THQ
56
abrdn Healthcare Opportunities Fund
THQ
$784M
$13.4M 0.71%
766,677
-11,570
-1% -$201K
BGY icon
57
BlackRock Enhanced International Dividend Trust
BGY
$514M
$12.9M 0.68%
2,173,347
-30,726
-1% -$180K
WIW
58
Western Asset Inflation-Linked Opportunities & Income Fund
WIW
$503M
$12.4M 0.66%
1,108,020
-652,962
-37% -$7.3M
XELA
59
DELISTED
Exela Technologies, Inc. Common Stock
XELA
$12.1M 0.64%
102
+26
+34% +$3.09M
LOR
60
DELISTED
Lazard World Dividend & Income Fund, Inc.
LOR
$12.1M 0.64%
1,196,959
+676,084
+130% +$6.54M
MSP
61
DELISTED
Madison Strategic Sector
MSP
$11.4M 0.6%
967,750
+180,409
+23% +$2.12M
IRL
62
DELISTED
NEW IRELAND FUND INC
IRL
$10.8M 0.57%
879,792
-34,254
-4% -$419K
GRX
63
Gabelli Healthcare & Wellness Trust
GRX
$141M
$10.2M 0.54%
980,850
-16,530
-2% -$181K
DIAX
64
DELISTED
Nuveen Dow 30SM Dynamic Overwrite Fund
DIAX
$9.4M 0.5%
651,632
-287,663
-31% -$4.21M
BLV icon
65
Vanguard Long-Term Bond ETF
BLV
$5.63B
$9.33M 0.49%
94,665
+89,445
+1,714% +$8.85M
CLAC
66
DELISTED
Capitol Acquisition Corp. III
CLAC
$9.1M 0.48%
928,776
+59,800
+7% +$585K
VBF icon
67
Invesco Bond Fund
VBF
$164M
$8.59M 0.45%
443,748
-664,889
-60% -$12.8M
NFJ
68
Virtus Dividend, Interest & Premium Strategy Fund
NFJ
$1.41B
$8.53M 0.45%
674,877
-51,485
-7% -$653K
MCN
69
Madison Covered Call & Equity Strategy Fund
MCN
$115M
$8.53M 0.45%
1,096,294
+178,074
+19% +$1.39M
VPV icon
70
Invesco Pennsylvania Value Municipal Income Trust
VPV
$193M
$8.44M 0.45%
622,234
-206,576
-25% -$2.87M
ELEC
71
DELISTED
Electrum Special Acquisition Corporation
ELEC
$8.28M 0.44%
841,675
+666,075
+379% +$6.54M
BHAC
72
DELISTED
Barington/Hilco Acquisition Corp.
BHAC
$8.23M 0.43%
818,466
+353,727
+76% +$3.55M
VGIT icon
73
Vanguard Intermediate-Term Treasury ETF
VGIT
$39.1B
$8.22M 0.43%
123,085
+108,210
+727% +$7.22M
JHS
74
John Hancock Income Securities Trust
JHS
$122M
$8.16M 0.43%
549,616
-68,268
-11% -$1M
EIV
75
DELISTED
Eaton Vance Municipal Bond Fund II
EIV
$8.08M 0.43%
598,283
-22,468
-4% -$307K
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.