TFS Capital’s Managed Duration Inv Grd Muni Fd MZF Stock Holding History

TFS Capital’s Portfolio MZF Stock Details MZF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q2	–	Sell	-12,258	Closed	-$166K	–	1295
2015 Q1	$166K	Sell	12,258 -2,686	-18%	-$36.7K	0.02%	809
2014 Q4	$202K	Buy	14,944 +1,387	+10%	+$18.8K	0.02%	810
2014 Q3	$181K	Buy	+13,557	New	+$184K	0.02%	895
2014 Q2	–	Sell	-44,988	Closed	-$580K	–	1640
2014 Q1	$580K	Buy	+44,988	New	+$577K	0.04%	671

Other funds holding MZF

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

ACM

Ashford Capital Management Wilmington, Delaware $809M AUM 35.1% 1-Year Est. Return

KIM

Karpus Investment Management Pittsford, New York $3.21B AUM 6.83% 1-Year Est. Return

SIA

Sit Investment Associates Minneapolis, Minnesota $4.93B AUM 12.22% 1-Year Est. Return

NWAM LLC Mercer Island, Washington $1.74B AUM 32.48% 1-Year Est. Return

AAM

Advisors Asset Management Monument, Colorado $6.01B AUM 24.74% 1-Year Est. Return

Horizon Kinetics New York $3.06B AUM 5.37% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

TCM

Tradewinds Capital Management Bellingham, Washington $504M AUM 40.92% 1-Year Est. Return

TFS Capital's MZF Position: Q2 2015 in Review

TFS Capital sold out of Managed Duration Inv Grd Muni Fd (MZF) in Q2 2015, closing a stake of 12,258 shares — an estimated $166K sold.

TFS Capital first reported a position in MZF in Q1 2014 and held it in 4 quarters. The position peaked at $580K in Q1 2014. 20 funds tracked by Wall St. Rank hold MZF as of Q2 2015.

TFS Capital reported no remaining Managed Duration Inv Grd Muni Fd position as of Q2 2015 after selling out during the quarter.
TFS Capital sold 12,258 Managed Duration Inv Grd Muni Fd shares in Q2 2015, an estimated $166K.
TFS Capital first reported a position in Managed Duration Inv Grd Muni Fd in Q1 2014 and held it in 4 quarters.
TFS Capital's Managed Duration Inv Grd Muni Fd position peaked at $580K in Q1 2014.
20 funds tracked by Wall St. Rank held Managed Duration Inv Grd Muni Fd as of Q2 2015.

Based on TFS Capital's 13F filing for Q2 2015, filed 5 Aug 2015.