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KIM

Karpus Investment Management Portfolio holdings

AUM $3.21B
1-Year Est. Return 6.83%
This Fund
S&P 500
This Quarter Est. Return
+2.49%
1 Year Est. Return
+6.83%
3 Year Est. Return
+17.2%
5 Year Est. Return
+12.23%
10 Year Est. Return
+48.47%
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 Financials 3.43%
2 Industrials 1.49%
3 Energy 1.12%
4 Consumer Discretionary 0.42%
5 Technology 0.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VOO icon
1
Vanguard S&P 500 ETF
VOO
$956B
$141M 7.44%
709,014
+94,528
+15% +$18.7M
BKT icon
2
BlackRock Income Trust
BKT
$331M
$62.3M 3.29%
3,204,543
-335,148
-9% -$6.61M
SHM icon
3
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
$59.9M 3.17%
1,226,777
+204,425
+20% +$10M
VGK icon
4
Vanguard FTSE Europe ETF
VGK
$30.1B
$57.5M 3.04%
1,179,396
-173,708
-13% -$8.36M
VB icon
5
Vanguard Morningstar Small-Cap ETF
VB
$78.9B
$55.5M 2.93%
454,545
-10,683
-2% -$1.29M
ADX icon
6
Adams Diversified Equity Fund
ADX
$3.01B
$46.8M 2.47%
3,560,179
+5,739
+0.2% +$75K
USA icon
7
Liberty All-Star Equity Fund
USA
$1.78B
$43M 2.27%
8,304,047
+16,198
+0.2% +$83.4K
GAM
8
General American Investors Company
GAM
$1.54B
$42.3M 2.24%
1,295,554
-180,902
-12% -$5.88M
ICB
9
DELISTED
Morgan Stanley Income Sec. Inc
ICB
$39.2M 2.07%
2,071,743
-337
-0% -$6.27K
BTZ icon
10
BlackRock Credit Allocation Income Trust
BTZ
$927M
$38.7M 2.04%
2,897,726
+28,699
+1% +$382K
NAD icon
11
Nuveen Quality Municipal Income Fund
NAD
$2.73B
$38.7M 2.04%
+2,566,326
New +$39.8M
SPY icon
12
State Street SPDR S&P 500 ETF Trust
SPY
$771B
$38.2M 2.02%
176,778
+50,163
+40% +$10.8M
FAM
13
DELISTED
First Trust/abrdn Global Opportunity Income Fund
FAM
$37.3M 1.97%
3,162,891
+148,560
+5% +$1.73M
BND icon
14
Vanguard Total Bond Market
BND
$158B
$34M 1.8%
404,117
+118,081
+41% +$9.94M
TY icon
15
TRI-Continental Corp
TY
$1.84B
$32.9M 1.74%
1,539,053
-88,832
-5% -$1.89M
VPL icon
16
Vanguard FTSE Pacific ETF
VPL
$7.77B
$32.6M 1.72%
537,334
+118
+0% +$6.95K
MIN
17
Aberdeen Intermediate Income Fund
MIN
$275M
$29.4M 1.55%
6,492,374
-671,143
-9% -$3.09M
VTI icon
18
Vanguard Morningstar Total Stock Market ETF
VTI
$646B
$27.8M 1.47%
249,686
+11,734
+5% +$1.3M
GAB icon
19
Gabelli Equity Trust
GAB
$1.73B
$26.7M 1.41%
4,888,032
-1,963,721
-29% -$10.8M
JGV
20
DELISTED
NUVEEN GLOBAL EQUITY INCOME FUND
JGV
$25.8M 1.36%
2,160,139
+694,133
+47% +$8.33M
CXH
21
DELISTED
MFS Investment Grade Municipal Trust
CXH
$24M 1.27%
2,313,753
+12,811
+0.6% +$134K
BST icon
22
BlackRock Science and Technology Trust
BST
$1.53B
$23.8M 1.26%
1,293,754
-10,459
-0.8% -$184K
STEW
23
SRH Total Return Fund
STEW
$1.77B
$23.7M 1.25%
2,829,707
-232,602
-8% -$1.96M
NZF icon
24
Nuveen Municipal Credit Income Fund
NZF
$2.41B
$20.8M 1.1%
1,319,449
-1,306,183
-50% -$20.7M
BSV icon
25
Vanguard Short-Term Bond ETF
BSV
$44.7B
$20.6M 1.09%
254,315
+95,925
+61% +$7.76M
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 Financials at 3.4% of assets, up from 3% a quarter earlier, followed by Industrials and Energy.

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.