Fund Holdings

Karpus Management, Inc.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
VANGUARD BD INDEX FD INC LONG TERM BOND931,2541,625,433+694,17964,759,398115,161,9313.65%+50,402,533
VANGUARD CORE TAX EXEMPT BOND ETF0533,467+533,467040,143,3831.27%+40,143,383
BLACKROCK 2030 MUNICIPAL TARGET TERM TRUST(BTT)3,587,8794,407,881+820,00278,538,66999,001,0043.14%+20,462,335
BLACKROCK MUNIHOLDINGS NEW YORK QUALITY FUND INC2,050,5703,592,742+1,542,17220,136,59736,717,8231.16%+16,581,226
ISHARES LEHMAN 7-10YR TREAS313,969443,638+129,66930,068,83042,793,2811.36%+12,724,451
VANGUARD INDEX FDS S&P 500 ETF SH457,002443,512-13,490259,590,584271,597,7508.60%+12,007,166
PIMCO CALIFORNIA MUNICIPAL INC01,371,202+1,371,202011,956,8810.38%+11,956,881
VANGUARD BD INDEX FD INC TOTAL BND MRKT352,611501,916+149,30525,962,74937,327,5291.18%+11,364,780
VANGUARD INTL EQUITY INDEX FD ALLWRLD EX US639,394742,033+102,63942,980,03852,958,8661.68%+9,978,828
VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF232,100300,250+68,15023,425,85330,602,9810.97%+7,177,128
VANGUARD INDEX FDS SMALL CP ETF324,978329,883+4,90577,013,24983,882,6102.66%+6,869,361
VANGUARD INTL EQUITY INDEX FD FTSE EMR MKT ETF1,223,1721,239,543+16,37160,498,06767,158,4452.13%+6,660,378
ISHARES CORE DIVIDEND GROWTH ETF097,006+97,00606,604,1680.21%+6,604,168
BLACKROCK MUNIYIELD NEW YORK QUALITY FUND INC1,997,1552,548,110+550,95519,032,89225,302,7300.80%+6,269,838
OYSTER ENTERPRICES ACQ CRP II; TNT ACQ DT: 5/22/2027; CASH: $10.000619,717+619,71706,209,5640.20%+6,209,564
ISHARES MSCI DENMARK ETF054,575+54,57505,950,0560.19%+5,950,056
COPLEY ACQ CRP; TNT ACQ DT: 4/30/2027; CASH: $10.05781,9891,359,828+577,8397,874,62913,747,8610.44%+5,873,232
ARMADA ACQ CRP II; TNT ACQ DT: 5/16/2027; CASH: $10.000547,500+547,50005,712,6150.18%+5,712,615
THAYER VENTURES ACQ CRP II; TNT ACQ DT:3/15/2027; CASH:$10.000521,100+521,10005,226,6330.17%+5,226,633
VANGUARD GROWTH ETF67,75371,803+4,05029,702,91534,437,4371.09%+4,734,522
VANGUARD FTSE PACIFIC ETF348,892379,616+30,72428,671,94733,345,4721.06%+4,673,525
ISHARES MSCI CDA ETF199,599269,534+69,9359,221,46013,624,9290.43%+4,403,469
PACER GLOBAL CASH COWS DIVIDEND236,522336,447+99,9258,980,72413,330,0130.42%+4,349,289
ORIGIN ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.100429,115+429,11504,312,6060.14%+4,312,606
ISHARES CORE S&P500 ETF127,960124,938-3,02279,450,08283,620,7002.65%+4,170,618
VENDOME ACQ CRP; TNT ACQ DT: 7/1/2027; CASH: $10.000400,023+400,02303,972,2280.13%+3,972,228
ISHARES EMU ETF137,460193,297+55,8378,171,99711,972,8160.38%+3,800,819
PIMCO NEW YORK MUNICIPAL II0528,497+528,49703,673,0540.12%+3,673,054
BLACKROCK MUNIHOLDINGS FUND INC7,184,0557,157,298-26,75780,461,42184,098,2512.66%+3,636,830
BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND(MUC)4,659,2264,758,154+98,92848,222,99051,625,9751.63%+3,402,985
BLUE ACQ CRP; TNT ACQ DT: 03/13/2027; CASH: $10.000335,102+335,10203,349,3440.11%+3,349,344
BLACKROCK INCOME TR INC COM0291,365+291,36503,274,9430.10%+3,274,943
DWS MUNICIPAL INCOME TRUST3,057,9363,300,834+242,89827,032,15130,268,6470.96%+3,236,496
BLACKROCK MUN INC TRUST II4,287,7984,426,402+138,60443,049,49646,255,8971.46%+3,206,401
TITAN ACQ CRP; TNT ACQ DT: 4/8/2027; CASH: $10.050309,075+309,07503,127,8390.10%+3,127,839
CAL REDWOOD ACQ CRP; TNT ACQ DT: 5/23/2027; CASH:$10.000304,115+304,11503,041,4240.10%+3,041,424
SIDDHI ACQ CRP; TNT ACQ DT: 4/1/2027; CASH: $10.050270,650+270,65002,747,0980.09%+2,747,098
JPMORGAN BETABUILDERS JAPAN ETF202,251229,681+27,43012,495,06715,232,4440.48%+2,737,377
BLACKROCK SCIENCE & TECH TR(BST)322,983361,100+38,11712,328,25714,935,0920.47%+2,606,835
ISHARES RUSSELL 1000 ETF85,46885,777+30929,022,41331,349,8250.99%+2,327,412
COHEN CIRCLE ACQ CRP UNIT II; TNT ACQ DT: 7/1/2027; CASH: $10.000210,075+210,07502,159,5710.07%+2,159,571
ALLIANCE NATIONAL MUNICIPAL INCOME FUND1,144,9871,281,834+136,84711,804,81313,907,9030.44%+2,103,090
VANGUARD WORLD FDS INF TECH ETF25,63025,502-12816,999,86619,040,5580.60%+2,040,692
VANGUARD INDEX FDS TOTAL STK MKT137,997133,852-4,14541,941,35543,926,2511.39%+1,984,896
ISHARES BRAZIL ETF165,578217,208+51,6304,776,9256,733,4480.21%+1,956,523
CALAMOS STRAT TOT RETURN FD(CSQ)55,333152,674+97,3411,009,2742,945,0810.09%+1,935,807
VANGUARD TAX-EXEMPT BOND ETF038,422+38,42201,923,7870.06%+1,923,787
BLACKROCK MUNICIPAL INCOME TRUST4,504,5364,489,500-15,03643,198,50545,119,4801.43%+1,920,975
PIONEER ACQ CRP; TNT ACQ DT: 6/18/2027; CASH: $10.000160,000+160,00001,590,4000.05%+1,590,400
MS CHINA A SHARE619,887606,287-13,6008,539,55810,094,6720.32%+1,555,114
ISHARES TR CORE MSCI EURO475,630484,802+9,17231,486,73433,024,7411.05%+1,538,007
GLOBA TERRA ACQ CRP; TNT ACQ DT: 10/08/2026; CASH: $10.000153,577+153,57701,532,6980.05%+1,532,698
BTC DEVELOPMENT ACQ CRP UNIT; TNT ACQ DT: 4/16/2027; CASH: $10.050150,000+150,00001,515,0000.05%+1,515,000
DUNE ACQ CRP; TNT ACQ DT: 8/7/2026; CASH:$10.020146,000+146,00001,476,0600.05%+1,476,060
ISHARES MSCI SOUTH KOREA IND83,41890,710+7,2925,987,7447,265,8710.23%+1,278,127
KOCHAV DEFENSE ACQ CRP; TNT ACQ DT: 11/28/2026; CASH: $10.000114,987+114,98701,153,3200.04%+1,153,320
CHAMPIONSGATE ACQ CRP; TNT ACQ DT: 11/27/2026; CASH: $10.0512,475119,680+107,205124,7501,201,5870.04%+1,076,837
TEMPLETON DRAGON FD INC COM903,273865,720-37,5539,023,69910,085,6400.32%+1,061,941
INDIGO ACQ CRP; TNT ACQ DT: 03/30/2027; CASH: $10.000105,050+105,05001,047,3490.03%+1,047,349
BLACKROCK NEW YORK MUNICIPAL INCOME TRUST609,718683,976+74,2585,895,9736,921,8370.22%+1,025,864
BLUE WATER ACQ CRP III; TNT ACQ DT: 06/10/2027; CASH: $10.00098,170+98,1700977,7730.03%+977,773
GABELLI DIVD & INCOME TR COM1,788,0081,746,094-41,91446,506,10147,371,5431.50%+865,442
SOLARIUS ACQ CRP; TNT ACQ DT: 4/16/2027; CASH: $10.05075,615+75,6150753,1250.02%+753,125
CALAMOS GLOBAL DYNAMIC INCOME FUND1,656,1861,665,758+9,57211,808,60712,559,8160.40%+751,209
ABRDN AUSTRALIA EQUITY FUND0162,446+162,4460745,6270.02%+745,627
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND055,905+55,9050670,8600.02%+670,860
BEST SPAC ACQ CRP; TNT ACQ DT: 12/13/2026; CASH: $10.00064,695+64,6950649,5380.02%+649,538
LIBERTY ALL-STAR GROWTH FD3,285,1683,352,438+67,27017,969,86818,606,0290.59%+636,161
BLACKROCK HEALTH SCIENCES52,67268,319+15,6471,920,4212,543,5160.08%+623,095
VANGUARD INTL EQUITY INDEX FD FTSE EUROPE ETF273,082272,924-15821,163,85521,779,3350.69%+615,480
FINANCIAL SELECT SECTOR SPDR398,598398,212-38620,874,57521,451,6780.68%+577,103
Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund(ETW)1,695,4911,670,234-25,25714,665,99715,115,6180.48%+449,621
TEXAS VENTURES ACQ CRP III; TNT ACQ DT: 10/23/2026; CASH: $10.051,519,9751,471,700-48,27515,336,54815,761,9070.50%+425,359
LAKESHORE ACQ CRP III; TNT ACQ DT: 7/30/2026; CASH:$10.00273,575313,050+39,4752,741,8233,155,5440.10%+413,721
PUTNAM MUNI OPPORTUNITIES231,992256,492+24,5002,294,4012,649,5620.08%+355,161
BLACKROCK MUNIYELD QUALITY FUND II348,061369,564+21,5033,355,3083,706,7270.12%+351,419
RF ACQUISITION CORP II. TNT ACQ DT: 11/21/2025; CASH: $10.052,421,0422,405,583-15,45925,493,57225,835,9610.82%+342,389
BLACKROCK MUNIYIELD FUND, INC.186,298209,271+22,9731,870,4322,209,9020.07%+339,470
BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC856,403860,309+3,9064,795,8575,093,0290.16%+297,172
TAIWAN FD INC COM91,14580,651-10,4944,084,2074,364,8320.14%+280,625
ISHARES LEHMAN AGG BOND FUND02,760+2,7600276,6900.01%+276,690
VIRTUS GLOBAL DIVIDEND & INCOME FUND(ZTR)1,123,9481,127,163+3,2157,002,1967,270,2010.23%+268,005
ALLSPRING GLOBAL DIVIDEND OPPORTUNITY FUND780,541784,438+3,8974,207,1164,471,2970.14%+264,181
ABBVIE INC COM(ABBV)01,050+1,0500243,1170.01%+243,117
BLACKROCK MUNIVEST FUND II398,165409,055+10,8904,109,0634,348,2550.14%+239,192
IB ACQ CRP; TNT ACQ DT: 9/26/2025; CASH: $10.052,587,0322,572,807-14,22527,008,61427,246,0260.86%+237,412
ORACLE CORP COM(ORCL)3,5503,5500776,137998,4020.03%+222,265
EATON VANCE CALIFORNIA MUNICIPAL BOND FUND020,710+20,7100196,5380.01%+196,538
UY SCUTI ACQ CRP; TNT ACQ DT: 9/30/2026; CASH: $10.00296,561308,711+12,1502,980,4383,130,3300.10%+149,892
DTF TAX-FREE INCOME INC COM011,535+11,5350131,8450.00%+131,845
SILVER PEGASUS ACQ CRP; TNT ACQ DT: 1/15/2027; CASH: $10.00012,500+12,5000124,6250.00%+124,625
CRANE HARBOR ACQ CRP; TNT AC DT: 4/24/2027; CASH: $10.001,815,7501,813,250-2,50018,284,60318,386,3550.58%+101,752
EUREKA ACQ CRP; TNT ACQ DT: 1/12/2026; CASH $10.00327,400326,825-5753,404,9603,494,0860.11%+89,126
ISHARES EUROPE ETF120,344117,584-2,7607,611,7527,699,3940.24%+87,642
MAYWOOD ACQ CRP; TNT ACQ DT: 5/13/2026; CASH: $10.001,030,2861,024,763-5,52310,416,19110,493,5730.33%+77,382
JOHN HANCOCK INCOME SECURITIES TRUST165,285165,265-201,864,4151,929,4690.06%+65,054
SPDR S&P 500 ETF TR TR UNIT(SPY)2,6302,530-1001,624,9461,685,4350.05%+60,489
ARMADA CQ CRP UNIT II; TNT ACQ DT: 5/16/2027; CASH: $10.00300,000300,00003,063,0003,120,0000.10%+57,000
HOME DEPOT INC COM(HD)1,4001,4000513,296567,2660.02%+53,970
ALPHAVEST ACQ CRP; TNT ACQ DT: 12/20/2023; CASH: $10.20261,100261,10003,070,5363,122,7560.10%+52,220
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