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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
ACWX icon
76
iShares MSCI ACWI ex US ETF
ACWX
$12.2B
$7.87M 0.42%
189,626
-12,495
-6% -$508K
IGD
77
Voya Global Equity Dividend and Premium Opportunity Fund
IGD
$502M
$7.62M 0.4%
1,049,182
-964,987
-48% -$6.87M
EOD
78
Allspring Global Dividend Opportunity Fund
EOD
$275M
$7.56M 0.4%
1,301,059
-109,761
-8% -$654K
JEQ
79
DELISTED
abrdn Japan Equity Fund
JEQ
$6.71M 0.35%
816,086
+109,500
+15% +$878K
JCE icon
80
Nuveen Core Equity Alpha Fund
JCE
$282M
$6.04M 0.32%
439,705
-146,527
-25% -$2.09M
GF
81
New Germany Fund
GF
$179M
$5.97M 0.32%
415,846
+114,603
+38% +$1.6M
AFB
82
AllianceBernstein National Municipal Income Fund
AFB
$290M
$5.73M 0.3%
389,033
-17,429
-4% -$258K
ISUN
83
DELISTED
iSun, Inc. Common Stock
ISUN
$5.12M 0.27%
+510,725
New +$5.1M
VGI
84
Virtus Global Multi-Sector Income Fund
VGI
$78.7M
$4.94M 0.26%
310,994
-124,905
-29% -$1.96M
DNI
85
DELISTED
Dividend and Income Fund
DNI
$4.82M 0.25%
429,746
-10,324
-2% -$118K
NUO
86
DELISTED
Nuveen Ohio Quality Municipal Income Fund
NUO
$4.67M 0.25%
283,025
-11,194
-4% -$188K
EEA
87
European Equity Fund
EEA
$72.9M
$4.61M 0.24%
583,610
-17,195
-3% -$135K
DSKE
88
DELISTED
Daseke, Inc. Common Stock
DSKE
$4.43M 0.23%
451,820
-4,500
-1% -$44.1K
MIY icon
89
BlackRock MuniYield Michigan Quality Fund
MIY
$349M
$4.1M 0.22%
271,204
-1,223
-0.4% -$18.7K
SGF
90
DELISTED
Aberdeen Singapore Fund
SGF
$3.79M 0.2%
404,062
-21,850
-5% -$203K
IHD
91
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$133M
$3.43M 0.18%
418,352
-6,340
-1% -$49.7K
CHN
92
DELISTED
China Fund
CHN
$3.31M 0.18%
201,554
-2,785
-1% -$43.6K
IQI icon
93
Invesco Quality Municipal Securities
IQI
$512M
$3.19M 0.17%
231,405
-794,239
-77% -$11M
MGU
94
DELISTED
Macquarie Global Infrastructure Total Return Fund, Inc.
MGU
$3.09M 0.16%
141,733
-7,125
-5% -$156K
EGF
95
DELISTED
Blackrock Enhanced Government Fund, Inc.
EGF
$2.81M 0.15%
204,450
-259
-0.1% -$3.58K
LGI
96
Lazard Global Total Return & Income Fund
LGI
$223M
$2.73M 0.14%
195,649
-52,236
-21% -$719K
AGD
97
abrdn Global Dynamic Dividend Fund
AGD
$308M
$2.66M 0.14%
305,765
-7,425
-2% -$64.9K
GLO
98
Clough Global Opportunities Fund
GLO
$235M
$2.62M 0.14%
+271,293
New +$2.62M
BDJ icon
99
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
$2.36M 0.12%
298,614
-1,948,323
-87% -$15.5M
FG
100
DELISTED
FGL Holdings Ordinary Shares
FG
$2.27M 0.12%
+231,400
New +$2.26M
2 3
4
5 6

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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.