Fund Holdings

Karpus Management, Inc.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
BLACKROCK MUNIHOLDINGS FUND INC8,490,55020,033,393+11,542,84399,679,053225,976,6777.05%+126,297,624
BlackRock MuniYield Quality Fund III375,7085,676,653+5,300,9454,083,95159,661,6281.86%+55,577,677
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC2,455,8478,159,423+5,703,57624,337,44478,330,4602.44%+53,993,016
SC ACQ CRP II; TNT ACQ DT: 5/25/2027; CASH: $10.0003,026,479+3,026,479030,173,9960.94%+30,173,996
ISHARES LEHMAN 20-plus YR TREAS0273,415+273,415023,702,3460.74%+23,702,346
BLACKROCK MUNIYIELD QUALITY(MQY)683,8122,616,894+1,933,0827,727,07628,733,4960.90%+21,006,420
WHITE PEARL ACQ CRP; TNT ACQ DT: 7/30/2027; CASH: $10.0001,602,595+1,602,595015,801,5870.49%+15,801,587
DRUGS MADE IN AMERICA ACQ CRP II; TNT ACQ DT: 9/25/2027; CASH: $10.00
USD ORD SHS
1,143,6252,597,923+1,454,29811,321,88825,901,2920.81%+14,579,404
WESTIN ACQ CRP; TNT ACQ DT: 5/4/2027; CASH: $10.0001,389,790+1,389,790013,884,0020.43%+13,884,002
SPACSPHERE ACQ CRP; TNT ACQ DT: 5/5/2027; CASH: $10.0001,217,210+1,217,210012,050,3790.38%+12,050,379
APEX TREAUSRY ACQ CRP; TNT ACQ DT: 10/28/2027; CASH: $10.00
ORD SHS CL A
01,163,557+1,163,557011,565,7570.36%+11,565,757
ALLIANCE NATIONAL MUNICIPAL INCOME FUND1,539,6982,553,118+1,013,42016,659,53227,292,8310.85%+10,633,299
GIGCAPITAL8 ACQ CRP ; TNT ACQ DT: 10/6/2027; CASH: $10.0089,950963,650+873,700889,6069,607,5910.30%+8,717,985
AI INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 4/3/2027; CASH: $10.00
ORD SHS CL A
1,241,9232,066,198+824,27512,344,71520,723,9660.65%+8,379,251
GIGCAPITAL9 ACQ CRP; TNT ACQ DT: 1/27/2028; CASH: $10.000815,332+815,33208,014,7140.25%+8,014,714
ISHARES S&P GSSI NATURAL RES0127,079+127,07907,998,3520.25%+7,998,352
CALAMOS STRAT TOT RETURN FD(CSQ)1,345,8041,944,623+598,81925,839,43233,291,9401.04%+7,452,508
BLUEPOINT AVE ACQ CRP; TNT ACQ DT: 2/12/2027; CASH: $10.000716,625+716,62507,173,4160.22%+7,173,416
MCKINLEY ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.001,226,7851,903,371+676,58612,231,04619,090,8110.60%+6,859,765
ISHARES CORE DIVIDEND GROWTH ETF102,418195,078+92,6607,109,85813,690,5470.43%+6,580,689
LIBERTY ALL-STAR EQUITY FUND(USA)1,830,5103,116,511+1,286,00111,495,60317,296,6350.54%+5,801,032
JOHN HANCOCK HEDGED EQUITY & INCOME FUND0518,501+518,50105,630,9210.18%+5,630,921
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US923,254976,719+53,46567,914,53573,351,5672.29%+5,437,032
ABRDN AUSTRALIA EQUITY FUND251,962711,187+459,2253,255,3498,619,5860.27%+5,364,237
GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.00
CL A ORD SHS
956,7621,470,687+513,9259,663,29614,986,3010.47%+5,323,005
WEN ACQ CRP; TNT ACQ DT: 5/16/2027; CASH: $10.000519,000+519,00005,283,4200.16%+5,283,420
HARVARD AVE ACQ CRP; TNT ACQ DT: 4/30/2027; CASH:$10.0099,150625,915+526,765984,5606,259,1500.20%+5,274,590
LIGHTWAVE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.000516,600+516,60005,233,1580.16%+5,233,158
PIMCO NEW YORK MUNICIPAL II0735,635+735,63505,039,1000.16%+5,039,100
DYNAMIX ACQ CRP III; TNT ACQ DT: 8/26/2027; CASH: $10.000501,550+501,55004,975,3760.16%+4,975,376
VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.00639,7531,085,053+445,3006,416,72310,937,3340.34%+4,520,611
COHEN & STEERS INFRASTRUCTURE(UTF)0169,477+169,47704,386,0650.14%+4,386,065
WESTERN ASSET INV GRA DEF OP109,933383,342+273,4091,813,8956,167,9730.19%+4,354,078
LAFAYETTE ACQUISTION CORP27,590462,440+434,850273,1414,610,5270.14%+4,337,386
BLACKROCK SCIENCE AND TECHNOLOGY TRUST II(BSTZ)212,726409,931+197,2054,809,7299,079,9660.28%+4,270,237
VIRTUS ALLIANZGI ARTIFICIAL INTELLIGENCE & TECHNOLOGY OPP FD(AIO)0193,632+193,63204,145,6610.13%+4,145,661
CSLM DIGITAL ASSET ACQ CRP III; TNT ACQ DT: 8/26/2027; CASH: $10.00
USD CL A ORD SHS
0410,000+410,00004,116,4000.13%+4,116,400
ISHARES EMU ETF210,019280,297+70,27813,462,21817,557,8040.55%+4,095,586
CHENGHE ACQ CRP III; TNT ACQ DT: 3/16/2027; CASH: $10.00795,8501,188,550+392,7007,934,62511,980,5840.37%+4,045,959
MORGAN STANLEY INDIA INVS FD COM173,700395,688+221,9884,339,0268,143,2590.25%+3,804,233
PACER GLOBAL CASH COWS DIVIDEND
GLOBL CASH ETF
353,352391,956+38,60414,565,15218,124,0250.57%+3,558,873
STONEBRIDGE ACQ CRP II; TNT ACQ DT: 4/3/2027; CASH: $10.00
CL A SHS
96,775433,550+336,775962,9114,348,5070.14%+3,385,596
FIGX CAPITAL ACQ CRP; TNT ACQ DT: 6/27/2027; CASH: $10.00
USD CL A ORD SHS
112,766439,949+327,1831,134,4264,447,8840.14%+3,313,458
COLUMBIA SELIGMAN PREMIUM TECH(STK)103,580186,368+82,7883,810,7087,068,9380.22%+3,258,230
ISHARES BRAZIL ETF217,760253,399+35,6396,918,2359,727,9880.30%+2,809,753
TWELVE SEAS ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.00
ORD SHS CL A
0277,715+277,71502,741,0470.09%+2,741,047
ITHAX ACQ CRP III; TNT ACQ DT: 12/12/2027; CASH: $10.000264,154+264,15402,615,1250.08%+2,615,125
VANGUARD CORE TAX-EXEMPT BOND ETF554,144590,059+35,91541,876,66444,342,9351.38%+2,466,271
EATON VANCE ENHANCED EQUITY IN(EOS)0110,532+110,53202,261,4850.07%+2,261,485
XFLH ACQ CRP; TNT ACQ DT: 58/11/2027; CASH: $10.00
ORD SHS
0224,850+224,85002,219,2700.07%+2,219,270
CLOUGH GLOBAL OPPORTUNITIES FUND0377,188+377,18802,100,9370.07%+2,100,937
HIGHVIEW ACQ CRP; TNT ACQ DT: 8/12/2027; CASH: $10.000197,200+197,20001,981,8600.06%+1,981,860
NUVEEN CORE EQUITY ALPHA FUND COM49,077184,196+135,119782,2872,722,4170.08%+1,940,130
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF1,294,1181,321,574+27,45669,571,78971,431,0802.23%+1,859,291
MFS INTER INCOME TR SH BEN INT4,385,7245,275,910+890,18611,446,74013,242,5340.41%+1,795,794
TAILWIND 2.0 ACQ CRP; TNT ACQ DT: 11/7/2027; CASH: $10.00
ORD SHS CL A
0177,086+177,08601,756,6930.05%+1,756,693
ISHARES MSCI CDA ETF286,858314,292+27,43415,470,23617,220,0420.54%+1,749,806
PIMCO CALIFORNIA MUNICIPAL INC
COM
1,554,3431,778,933+224,59013,569,41115,263,2450.48%+1,693,834
BLACKROCK HEALTH SCIENCES TERM0117,675+117,67501,689,8130.05%+1,689,813
VANGUARD FTSE PACIFIC ETF379,849367,821-12,02834,338,35335,947,1501.12%+1,608,797
CALAMOS GLOBAL DYNAMIC INCOME FUND1,941,8882,191,419+249,53114,389,39115,909,7030.50%+1,520,312
JOHN HANCOCK INCOME SECURITIES TRUST369,608532,698+163,0904,328,1105,827,7160.18%+1,499,606
LIBERTY ALL-STAR GROWTH FD3,517,0794,220,488+703,40918,640,51720,047,3170.63%+1,406,800
LAFAYETTE DIGITAL ACQ CRP; TNT ACQ DT: 1/9/2028; CASH: $10.00
ORD CLASS A
0127,757+127,75701,259,6840.04%+1,259,684
BLACKROCK CR ALLCTN INC TR COM0121,250+121,25001,224,6250.04%+1,224,625
NMP ACQ CRP; TNT ACQ DT: 1/2/2027; CASH: $10.00767,290867,790+100,5007,688,2468,816,7460.28%+1,128,500
INVESCO BD FD COM072,031+72,03101,080,4650.03%+1,080,465
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST(BTT)4,618,7254,689,313+70,588105,399,310106,447,4113.32%+1,048,101
SPRING VALLEY ACQ CRP IV UNIT; TNT ACQ DT: 2/10/2028; CASH: $10.00
UNIT 01/22/2031
0100,000+100,00001,016,0000.03%+1,016,000
OXLEY BRIDGE ACQ CRP; TNT ACQ DT: 6/25/2027; CASH: $10.00
USD CL A ORD SHS
766,400861,975+95,5757,725,3128,731,8070.27%+1,006,495
CROWN RESERVE ACQUSITION CORP
ORD SHS CL A
713,825807,325+93,5007,095,4218,081,3230.25%+985,902
JPMORGAN BETABUILDERS JAPAN ETF
BETABULDRS JAPAN
226,543230,737+4,19414,931,44915,900,0870.50%+968,638
BLUEROCK ACQ CRP; TNT ACQ DT: 12/11/2027; CASH: $10.00085,000+85,0000841,5000.03%+841,500
BITCOIN INFRASTRUCTURE ACQ CRP; TNT ACQ DT: 12/2/2027; CASH: $10.00
USD CL A ORD SHS
082,411+82,4110817,5170.03%+817,517
EMMIS ACQ CRP; TNT ACQ DT: 3/25/2027; CASH: $10.00913,836981,161+67,3259,074,3919,860,6680.31%+786,277
TAIWAN FD INC COM77,70075,028-2,6724,147,6264,932,3410.15%+784,715
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF275,400288,827+13,42723,026,19423,808,0100.74%+781,816
ROYCE MICRO-CAP TRUST INC063,003+63,0030712,5640.02%+712,564
SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.05
CL A SHS
270,650338,870+68,2202,782,2823,493,7500.11%+711,468
CLOUGH GLOBAL EQUITY FUND
COM
088,428+88,4280665,8630.02%+665,863
ISHARES MSCI SOUTH KOREA IND89,08775,475-13,6128,661,0389,284,1800.29%+623,142
ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.10
ORD SHS
819,444875,728+56,2848,284,5798,906,1540.28%+621,575
GENERAL PURPOSE ACQ CRP; TNT ACQ DT: 12/04/2027; CASH: $10.00
USD CL A ORD SHS
058,275+58,2750577,5050.02%+577,505
FEDERATED PREMIER MUNICIPAL INCOME FUND045,191+45,1910493,9380.02%+493,938
SPDR BLOOMBERG 1-3 MONTH T-BILL ETF
ST STR BLO 1 ETF
6,29011,240+4,950574,7801,030,0340.03%+455,254
IRON HORSE ACQ CRP II; TNT ACQ DT: 12/17/2027; CASH: $10.00045,000+45,0000443,7000.01%+443,700
ABRDN NATIONAL MUNICIPAL INC042,457+42,4570422,8720.01%+422,872
ROYCE SMALL-CAP TRUST INC(RVT)016,088+16,0880267,0610.01%+267,061
PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.00481,088501,988+20,9004,834,9345,085,1380.16%+250,204
QUARTZSEA ACQ CRP; TNT ACQ DT: 6/18/2026; CASH: $10.002,263,8802,256,805-7,07523,159,49223,403,0680.73%+243,576
THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.00
CL A
523,600543,575+19,9755,298,8325,539,0290.17%+240,197
AMERICAN DRIVE ACQ CRP; TNT ACQ DT: 12/17/2027; CASH: $10.00
USD CL A ORD SHS
022,000+22,0000217,8000.01%+217,800
DRUGS MADE IN AMERICA ACQ CRP: 4/28/2026; CASH: $10.05
ORD SHS
2,538,6422,530,517-8,12526,325,71826,519,8180.83%+194,100
NUEBERGER BERMAN MUNICIPAL FUND INC68,19983,021+14,822690,174842,6630.03%+152,489
MILUNA ACQ CRP; TNT ACQ DT: 4/23/2027; CASH: $10.00014,780+14,7800147,9480.00%+147,948
ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND1,641,3681,665,576+24,2089,569,1759,710,3100.30%+141,135
SIM ACQ CRP; TNT ACQ DT8/30/2024 7/12/2026; CASH $10.001,735,4971,725,032-10,46518,378,91318,492,3430.58%+113,430
TAVIA ACQ CRP; TNT ACQ DT: 6/4/2026; CASH: $10.052,193,7022,177,202-16,50022,880,31222,991,2530.72%+110,941
CHARLTON ASIA ACQ CRP; TNT ACQ DT: 04/24/2026; CASH: $10.0251,423,9671,418,110-5,85714,894,69514,989,4230.47%+94,728
WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT
COM SH BEN INT
8,143,5968,346,410+202,81467,347,53867,438,9902.10%+91,452
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