KARPUS MANAGEMENT, INC. Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 200
New Positions 10
Increased Positions 89
Decreased Positions 89
Positions with Activity 178
Sold Out Positions 21
Total Mkt Value (in $ millions) 2,057

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

Sector Weighting

Basic Materials 0.02%
Capital Goods 0.38%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.02%
Energy 0.08%
Financial 96.45%
Healthcare
Services 0.04%
Technology 0.03%
Transportation
Utilities 0.01%

200 Positions as of 06/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
VANGUARD INDEX FDS S&P 500 ETF SHS 241,709 13,162 5.76 1,323,995
SPDR S&P 500 ETF TR TR UNIT 107,611 -21,923 (16.93) 540,349
ALLIANCEBERNSTEIN INCOME FUND COM 95,422 16,587 21.04 12,756,896
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 69,918 21,187 43.48 1,221,709
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 54,791 13,206 31.76 3,953,164
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 51,452 -1,074 (2.05) 1,256,148
GENERAL AMERN INVS INC COM 46,745 8,035 20.76 1,255,238
BLACKROCK ENHANCED EQT DIV TR COM 41,184 -115 (0.28) 4,985,982
VANGUARD INDEX FDS SMALL CP ETF 39,951 1,033 2.65 352,893
NUVEEN DIVID ADVANTAGE MUN INC COM 39,291 3,367 9.37 2,761,554
ADAMS EXPRESS CO COM 35,818 596 1.69 2,543,859
TRI CONTL CORP COM 35,589 2,185 6.54 1,692,285
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 34,820 4,053 13.17 574,491
ZWEIG TOTAL RETURN FD INC COM NEW 34,175 861 2.59 2,434,137
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 32,343 6,913 27.19 746,618
WESTERN ASSET CLYM INFL OPP IN COM 30,894 4,007 14.90 2,647,334
INVESCO MUN TR COM 30,259 3,163 11.67 2,440,222
VANGUARD INDEX FDS MID CAP ETF 29,736 -184 (0.62) 250,068
BLACKROCK INCOME TR INC COM 29,527 8,927 43.33 4,657,315
NUVEEN QUALITY INCOME MUN FD COM 28,975 802 2.85 2,113,392