KARPUS MANAGEMENT, INC. Information

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

Report Date: 12/31/2014

Position Statistics

Total Positions 210
New Positions 32
Increased Positions 105
Decreased Positions 98
Positions with Activity 203
Sold Out Positions 16
Total Mkt Value (in $ millions) 2,183

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 0.48%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.03%
Energy 0.06%
Financial 96.3%
Healthcare
Services 0.04%
Technology 0.03%
Transportation
Utilities 0.01%

210 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INDEX FDS S&P 500 ETF SHS 263,831 1,040 .40 1,362,061
ALLIANCEBERNSTEIN INCOME FUND COM 90,162 -6,571 (6.79) 11,588,983
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 82,593 1,791 2.22 1,449,761
SPDR S&P 500 ETF TR TR UNIT 49,136 -51,572 (51.21) 232,520
BLACKROCK INCOME TR INC COM 46,918 12,379 35.84 7,296,658
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 43,597 -6,550 (13.06) 3,114,095
GENERAL AMERN INVS INC COM 43,121 -2,333 (5.13) 1,208,554
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 40,085 -10,555 (20.84) 959,885
VANGUARD INDEX FDS SMALL CP ETF 39,247 1,576 4.18 323,023
ADAMS DIVERSIFIED EQUITY FD COM 36,929 -2,121 (5.43) 2,604,292
TRI CONTL CORP COM 36,908 -707 (1.88) 1,680,672
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 36,276 -336 (0.92) 565,048
BLACKROCK ENHANCED EQT DIV TR COM 35,828 -2,669 (6.93) 4,337,579
INVESCO MUN TR COM 32,357 1,340 4.32 2,572,081
BLACKROCK CORE BD TR SHS BEN INT 31,967 7,336 29.78 2,338,509
MONTGOMERY STR INCOME SECS INC COM 30,172 3,499 13.12 1,816,496
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 30,085 -4,217 (12.29) 677,885
WESTERN ASSET CLYM INFL OPP IN COM 29,946 -187 (0.62) 2,604,035
NUVEEN DIVID ADVANTAGE MUN INC COM 29,179 -4,078 (12.26) 2,053,380
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 28,340 1,101 4.04 2,100,794