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) 2,088

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 0.4%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical 0.02%
Energy 0.08%
Financial 96.4%
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 243,231 13,245 5.76 1,323,995
ALLIANCEBERNSTEIN INCOME FUND COM 96,442 16,764 21.04 12,756,896
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF 70,774 21,446 43.48 1,221,709
NUVEEN DIVID ADV MUN FD 3 COM SH BEN INT 55,463 13,368 31.76 3,953,164
GENERAL AMERN INVS INC COM 48,000 8,251 20.76 1,255,238
VANGUARD INDEX FDS SMALL CP ETF 41,225 1,066 2.65 352,893
NUVEEN DIVID ADVANTAGE MUN INC COM 40,015 3,429 9.37 2,761,554
TRI CONTL CORP COM 36,198 2,222 6.54 1,692,285
VANGUARD INTL EQUITY INDEX FD FTSE PACIFIC ETF 36,124 4,205 13.17 574,491
ADAMS EXPRESS CO COM 35,894 597 1.69 2,543,859
ZWEIG TOTAL RETURN FD INC COM NEW 34,759 876 2.59 2,434,137
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF 34,061 7,280 27.19 746,618
WESTERN ASSET CLYM INFL OPP IN COM 31,768 4,120 14.90 2,647,334
INVESCO MUN TR COM 30,332 3,170 11.67 2,440,222
BLACKROCK INCOME TR INC COM 29,947 9,054 43.33 4,657,315
NUVEEN QUALITY INCOME MUN FD COM 29,672 822 2.85 2,113,392
FEDERATED ENHANC TREAS INCM FD COM SH BEN INT 27,417 2,353 9.39 2,027,898
NUVEEN MUN ADVANTAGE FD INC COM 27,271 8,638 46.36 1,977,621
NUVEEN SELECT QUALITY MUN FD COM 24,694 13,035 111.80 1,809,084
COHEN & STEERS INFRASTRUCTURE COM 24,387 3,965 19.42 1,006,896