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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
GGZ
126
Gabelli Global Small and Mid-Cap Value Trust
GGZ
$119M
$814K 0.04%
75,290
-1,950
-3% -$21K
EEM icon
127
iShares MSCI Emerging Markets ETF
EEM
$30.5B
$812K 0.04%
21,670
– –
FDEU
128
DELISTED
First Trust Dynamic Europe Equity Income Fund
FDEU
$790K 0.04%
50,276
-34,071
-40% -$552K
STZ icon
129
Constellation Brands
STZ
$21B
$706K 0.04%
4,240
– –
INB
130
DELISTED
Cohen & Steers Global Income Builder, Inc.
INB
$656K 0.03%
73,817
-3,302
-4% -$29.9K
EVO
131
DELISTED
Eaton Vance Ohio Municipal Income Trust
EVO
$656K 0.03%
43,410
-55,146
-56% -$862K
IEI icon
132
iShares 3-7 Year Treasury Bond ETF
IEI
$17.2B
$595K 0.03%
4,700
– –
IIM icon
133
Invesco Value Municipal Income Trust
IIM
$561M
$586K 0.03%
+35,800
New +$610K
VKQ icon
134
Invesco Municipal Trust
VKQ
$507M
$581K 0.03%
42,100
-194,201
-82% -$2.7M
IAF
135
abrdn Australia Equity Fund
IAF
$122M
$551K 0.03%
31,531
-12,893
-29% -$224K
STZ.B
136
DELISTED
CONSTELLATION BRANDS, INC. CLASS B
STZ.B
$450K 0.02%
2,696
– –
KMB icon
137
Kimberly-Clark
KMB
$32.6B
$422K 0.02%
3,342
– –
HD icon
138
Home Depot
HD
$302B
$353K 0.02%
2,741
+941
+52% +$125K
IEUR icon
139
iShares Core MSCI Europe ETF
IEUR
$9.05B
$302K 0.02%
7,300
+300
+4% +$12.2K
PAYX icon
140
Paychex
PAYX
$41.6B
$276K 0.01%
4,765
– –
DIS icon
141
Walt Disney
DIS
$185B
$274K 0.01%
2,944
– –
NOVT icon
142
Novanta
NOVT
$5.02B
$266K 0.01%
15,342
– –
PEP icon
143
PepsiCo
PEP
$183B
$258K 0.01%
2,370
– –
WPC icon
144
W.P. Carey
WPC
$15.2B
$251K 0.01%
3,971
– –
JNJ icon
145
Johnson & Johnson
JNJ
$644B
$245K 0.01%
2,076
– –
MSFT icon
146
Microsoft
MSFT
$3.64T
$223K 0.01%
+3,872
New +$219K
PG icon
147
Procter & Gamble
PG
$341B
$223K 0.01%
2,484
– –
IBM icon
148
IBM
IBM
$224B
$222K 0.01%
1,464
– –
SRE icon
149
Sempra
SRE
$53.4B
$219K 0.01%
4,100
– –
TBF icon
150
ProShares Short 20+ Year Treasury ETF
TBF
$120M
$210K 0.01%
10,000
– –
4 5
6
7 8

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NBS
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SYBT
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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.