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) 2,194

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%

105 INCREASED 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 264,213 1,041 .40 1,362,061
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 82,230 1,783 2.22 1,449,761
BLACKROCK INCOME TR INC COM 46,918 12,379 35.84 7,296,658
VANGUARD INDEX FDS SMALL CP ETF 39,939 1,604 4.18 323,023
INVESCO MUN TR COM 32,614 1,351 4.32 2,572,081
BLACKROCK CORE BD TR SHS BEN INT 32,575 7,475 29.78 2,338,509
MONTGOMERY STR INCOME SECS INC COM 30,699 3,560 13.12 1,816,496
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 28,235 1,097 4.04 2,100,794
LIBERTY ALL STAR EQUITY FD SH BEN INT 26,836 2,002 8.06 4,465,183
INVESCO BD FD COM 25,888 7,612 41.65 1,369,021
NUVEEN SELECT QUALITY MUN FD COM 25,365 55 .22 1,810,523
BOULDER GROWTH & INCOME FD INC COM 23,782 1,519 6.82 2,755,774
COHEN & STEERS INFRASTRUCTURE COM 23,684 36 .15 1,015,153
INVESCO MUN OPPORTUNITY TR COM 21,811 1,180 5.72 1,675,218
MORGAN STANLEY TRUSTS INCOME SECS INC 21,189 1,257 6.31 1,161,661
NUVEEN INT DUR QUAL MUN TRM FD COM 21,154 5,032 31.21 1,637,271
INVESCO QUALITY MUNI INC TRST COM 20,599 6,412 45.20 1,649,232
FORT DEARBORN INCOME SECS INC COM 20,161 3,075 18.00 1,390,390
SPDR SERIES TRUST NUVN BR SHT MUNI 19,982 1,481 8.00 822,983
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 19,643 2,845 16.94 1,616,729