KARPUS MANAGEMENT, INC. Information

183 SULLYS TRAIL, PITTSFORD, New York, 14534, (585) 586-4680

Report Date: 12/31/2013

Position Statistics

Total Positions 222
New Positions 33
Increased Positions 143
Decreased Positions 73
Positions with Activity 216
Sold Out Positions 21
Total Mkt Value (in $ millions) 1,839

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 0.01%
Capital Goods 0.47%
Conglomerates
Consumer Cyclical 0%
Consumer/Non-Cyclical 0.03%
Energy 0.03%
Financial 96.26%
Healthcare
Services 0.05%
Technology 0.04%
Transportation
Utilities

222 Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INDEX FDS S&P 500 ETF SHS 191,091 23,824 14.24 1,115,080
SPDR S&P 500 ETF TR TR UNIT 154,231 -7,307 (4.52) 824,590
ALLIANCEBERNSTEIN INCOME FUND COM 83,238 3,478 4.36 11,512,799
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 52,421 909 1.77 1,261,625
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 49,147 3,572 7.84 827,530
VANGUARD INDEX FDS SMALL CP ETF 36,430 493 1.37 328,110
GENERAL AMERN INVS INC COM 34,290 6,582 23.76 971,928
BLACKROCK ENHANCED EQT DIV TR COM 32,275 24,486 314.36 4,034,336
ADAMS EXPRESS CO COM 31,382 2,929 10.29 2,419,615
ZWEIG TOTAL RETURN FD INC COM NEW 31,331 4,266 15.76 2,239,503
WESTERN ASSET INFL MGMT FD INC COM 29,535 1,348 4.78 1,647,237
VANGUARD INDEX FDS MID CAP ETF 29,269 325 1.12 260,490
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 27,676 18,015 186.49 2,101,405
NUVEEN DIVID ADVANTAGE MUN INC COM 27,382 17,480 176.54 2,028,289
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 27,021 2,283 9.23 454,128
INVESCO MUN TR COM 26,983 24,782 1,126.05 2,222,632
NUVEEN QUALITY INCOME MUN FD COM 26,774 13,353 99.49 2,002,544
TRI CONTL CORP COM 26,723 3,752 16.34 1,326,192
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 24,439 -450 (1.81) 591,896
ISHARES MSCI CDA ETF 23,235 -626 (2.62) 776,297