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) 1,992

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 0.07%
Financial 96.34%
Healthcare
Services 0.04%
Technology 0.03%
Transportation
Utilities 0.01%

89 INCREASED 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 228,826 12,460 5.76 1,323,995
ALLIANCEBERNSTEIN INCOME FUND COM 95,549 16,609 21.04 12,756,896
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 63,333 19,192 43.48 1,221,709
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 54,791 13,206 31.76 3,953,164
GENERAL AMERN INVS INC COM 44,322 7,619 20.76 1,255,238
NUVEEN DIVID ADVANTAGE MUN INC COM 39,490 3,384 9.37 2,761,554
VANGUARD INDEX FDS SMALL CP ETF 37,883 980 2.65 352,893
ADAMS EXPRESS CO COM 33,986 565 1.69 2,543,859
TRI CONTL CORP COM 33,947 2,084 6.54 1,692,285
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 32,631 3,798 13.17 574,491
ZWEIG TOTAL RETURN FD INC COM NEW 32,082 808 2.59 2,434,137
INVESCO MUN TR COM 31,088 3,249 11.67 2,440,222
WESTERN ASSET CLYM INFL OPP IN COM 30,736 3,987 14.90 2,647,334
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 30,723 6,567 27.19 746,618
BLACKROCK INCOME TR INC COM 29,667 8,969 43.33 4,657,315
NUVEEN QUALITY INCOME MUN FD COM 29,651 821 2.85 2,113,392
NUVEEN MUN ADVANTAGE FD INC COM 26,935 8,531 46.36 1,977,621
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 26,363 2,262 9.39 2,027,898
NUVEEN SELECT QUALITY MUN FD COM 25,182 13,293 111.80 1,809,084
NUVEEN MUN MKT OPPORTUNITY FD COM 24,501 5,237 27.19 1,821,667