KARPUS MANAGEMENT, INC.

PrivateCIK: 1048703
Location

PITTSFORD, NY

231
Positions
$3.21B
Total AUM (reported)
206.46M
Total Shares

Allocation by class

TOTAL AUM$3.21B231 positions
COM$847.90M26.5%
S&P 500 ETF SHS$234.76M7.3%
ORD SHS CL A$171.67M5.4%
SHS CL A$138.12M4.3%
LONG TERM BOND$135.52M4.2%
ORD SHS$119.63M3.7%
COM SHS BEN IN$106.45M3.3%

Portfolio Concentration

Top 318.6%4–1016.9%11–2518.5%Rest46.0%TOP 1035.5%0%100%
Top 3$596.26M18.6%
4–10$541.15M16.9%
11–25$593.14M18.5%
Rest$1.47B46.0%

Top 3 weight

18.6%

Top 10 weight

35.5%

Voting Authority Distribution

Total shares with voting rights: 206.46M

Sole

Full voting authority

206.46M

shares

% of voting shares100.0%
Shared

Joint voting authority

0.00

shares

% of voting shares0.0%
None

No voting authority

0.00

shares

% of voting shares0.0%

Investment Discretion (by position count)

Sole231
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings231
Rows:

VANGUARD INDEX FDS S&P 500 ETF SH

SOLE
S&P 500 ETF SHS
Shares392.87K
TypeSH
Market value$234.76M
7.32%
Sole
392.87K
Shared
0.00
None
0.00

BLACKROCK MUNIHOLDINGS FUND INC

SOLE
COM
Shares20.03M
TypeSH
Market value$225.98M
7.05%
Sole
20.03M
Shared
0.00
None
0.00

VANGUARD BD INDEX FD INC LONG TERM BOND

SOLE
LONG TERM BOND
Shares1.97M
TypeSH
Market value$135.52M
4.23%
Sole
1.97M
Shared
0.00
None
0.00

BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST

SOLE
COM SHS BEN IN
Shares4.69M
TypeSH
Market value$106.45M
3.32%
Sole
4.69M
Shared
0.00
None
0.00

VANGUARD INDEX FDS SMALL CP ETF

SOLE
SMALL CP ETF
Shares321.68K
TypeSH
Market value$84.26M
2.63%
Sole
321.68K
Shared
0.00
None
0.00

BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC

SOLE
COM
Shares8.16M
TypeSH
Market value$78.33M
2.44%
Sole
8.16M
Shared
0.00
None
0.00

VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US

SOLE
ALLWRLD EX US
Shares976.72K
TypeSH
Market value$73.35M
2.29%
Sole
976.72K
Shared
0.00
None
0.00

VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF

SOLE
FTSE EMR MKT ETF
Shares1.32M
TypeSH
Market value$71.43M
2.23%
Sole
1.32M
Shared
0.00
None
0.00

WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT

SOLE
COM SH BEN INT
Shares8.35M
TypeSH
Market value$67.44M
2.10%
Sole
8.35M
Shared
0.00
None
0.00

ANGEL OAK FINANCIAL STRATEGIES INCOME TERM TRUST

SOLE
COM BEN INT
Shares4.70M
TypeSH
Market value$59.90M
1.87%
Sole
4.70M
Shared
0.00
None
0.00

BlackRock MuniYield Quality Fund III

SOLE
COM
Shares5.68M
TypeSH
Market value$59.66M
1.86%
Sole
5.68M
Shared
0.00
None
0.00

ISHARES CORE S&P500 ETF

SOLE
CORE S&P500 ETF
Shares90.79K
TypeSH
Market value$59.30M
1.85%
Sole
90.79K
Shared
0.00
None
0.00

BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND

SOLE
COM
Shares5.38M
TypeSH
Market value$55.95M
1.75%
Sole
5.38M
Shared
0.00
None
0.00

VANGUARD CORE TAX-EXEMPT BOND ETF

SOLE
CORE TAX EXEMPT
Shares590.06K
TypeSH
Market value$44.34M
1.38%
Sole
590.06K
Shared
0.00
None
0.00

NUVEEN NAS100 DYN OVERWRT FD

SOLE
COM SHS
Shares1.64M
TypeSH
Market value$43.66M
1.36%
Sole
1.64M
Shared
0.00
None
0.00

GABELLI DIVD & INCOME TR COM

SOLE
COM
Shares1.50M
TypeSH
Market value$40.39M
1.26%
Sole
1.50M
Shared
0.00
None
0.00

NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND

SOLE
COMMON STOCK
Shares3.07M
TypeSH
Market value$39.50M
1.23%
Sole
3.07M
Shared
0.00
None
0.00

VANGUARD FTSE PACIFIC ETF

SOLE
FTSE PACIFIC ETF
Shares367.82K
TypeSH
Market value$35.95M
1.12%
Sole
367.82K
Shared
0.00
None
0.00

ISHARES TR CORE MSCI EURO

SOLE
CORE MSCI EURO
Shares492.54K
TypeSH
Market value$34.61M
1.08%
Sole
492.54K
Shared
0.00
None
0.00

CALAMOS STRAT TOT RETURN FD

SOLE
COM SH BEN INT
Shares1.94M
TypeSH
Market value$33.29M
1.04%
Sole
1.94M
Shared
0.00
None
0.00

ISHARES RUSSELL 1000 ETF

SOLE
RUS 1000 ETF
Shares85.10K
TypeSH
Market value$30.34M
0.95%
Sole
85.10K
Shared
0.00
None
0.00

SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.00

SOLE
ORD SHS CLASS A
Shares3.03M
TypeSH
Market value$30.17M
0.94%
Sole
3.03M
Shared
0.00
None
0.00

DWS MUNICIPAL INCOME TRUST

SOLE
COM
Shares3.29M
TypeSH
Market value$29.95M
0.93%
Sole
3.29M
Shared
0.00
None
0.00

BLACKROCK MUNIYIELD QUALITY

SOLE
COM
Shares2.62M
TypeSH
Market value$28.73M
0.90%
Sole
2.62M
Shared
0.00
None
0.00

ALLIANCE NATIONAL MUNICIPAL INCOME FUND

SOLE
COM
Shares2.55M
TypeSH
Market value$27.29M
0.85%
Sole
2.55M
Shared
0.00
None
0.00
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