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Portfolio (Quarterly) Guide ↗

Karpus Management, Inc.

· CIK 0001048703
13F Portfolio $3.2B AUM Filed Nov 14, 2025 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 204 New
Page 6 of 11  ·  204 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 XRPN ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.00 Financial Services 547,500.0 $5.7M 0.18% NEW $10.43 -0.0%
102 MGF MFS GOVT MKTS INCOME TR SH BEN INT Financial Services 1,780,788.0 $5.6M 0.18% NEW $3.12 -8.0%
103 THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00 521,100.0 $5.2M 0.17% NEW $10.03
104 STEW SRH TOTAL RETURN FUND INC Financial Services 285,837.0 $5.2M 0.16% NEW $18.16 -3.2%
105 NEWBURY STREET ACQ CRP II; TNT ACQ DT: 10/31/2026; CASH: $10.05 497,662.0 $5.2M 0.16% NEW $10.36
106 DSM BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC Financial Services 860,309.0 $5.1M 0.16% NEW $5.92 +2.2%
107 FUTURE VISION ACQ CRP II; TNT ACQ DT: 03/21/2026; CASH: $10.05 480,769.0 $5.0M 0.16% NEW $10.46
108 IGD VOYA GLBL EQTY DIV & PREM OPP COM Financial Services 821,202.0 $4.9M 0.15% NEW $5.93 +1.2%
109 BSTZ BLACKROCK SCIENCE AND TECHNOLOGY TRUST II Financial Services 216,520.0 $4.8M 0.15% NEW $22.16 +25.8%
110 VKQ INVESCO MUNICIPAL TRUST Financial Services 494,668.0 $4.8M 0.15% NEW $9.65 -1.2%
111 BSV VANGUARD BD INDEX FD INC SHORT TRM BOND 59,720.0 $4.7M 0.15% NEW $78.91 -1.4%
112 HQL TEKLA LIFE SCIENCES INVESTORS Financial Services 300,284.0 $4.7M 0.15% NEW $15.51 +14.6%
113 IIF MORGAN STANLEY INDIA INVS FD COM Financial Services 175,552.0 $4.6M 0.15% NEW $26.35 -18.4%
114 MMU WESTERN ASSET MANAGED MUNICI Financial Services 437,479.0 $4.5M 0.14% NEW $10.34 -2.1%
115 EOD ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND Financial Services 784,438.0 $4.5M 0.14% NEW $5.70 +12.1%
116 TWN TAIWAN FD INC COM Financial Services 80,651.0 $4.4M 0.14% NEW $54.12 +67.8%
117 BLACKROCK MUNIVEST FUND II 409,055.0 $4.3M 0.14% NEW $10.63
118 ORIQ ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10 Financial Services 429,115.0 $4.3M 0.14% NEW $10.05 +2.1%
119 OAK WOODS ACQ CRP; TNT ACQ DT: 3/24/2024; CASH: $10.175 349,328.0 $4.2M 0.13% NEW $12.00
120 GF NEW GERMANY FUND Financial Services 361,055.0 $4.2M 0.13% NEW $11.56 +2.2%
Page 6 of 11  ·  204 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.7%
Healthcare 0.1%
Technology 0.1%
Communication Services 0.0%
Consumer Cyclical 0.0%