13F-HR 1 form13f123112.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR FORM 13F-HR COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2012 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Karpus Investment Management Address: 183 Sully's Trail Pittsford, New York 14534 Form 13F File Number: 28-11445 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: George W. Karpus Title: President / CEO Phone: 585-586-4680 Signature, Place, and Date of Signing: February 14 , 2013 George Karpus Pittsford, New York 14534 [Date] [Signature] [City, State] Report Type (Check only one.): [x] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 28-________________ _________________________________________ [Repeat as necessary.] FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: N/A Form 13F Information Table Entry Total: 117 Form 13F Information Table Value Total: $1,356,803.32 (x$1,000) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name NONE [Repeat as necessary.] FORM 13F INFORMATION TABLE
Col 1 Col 2 Col 3 Col 4 Col 5 Col 6 Col 7 Col 8 Name of Issuer Title CUSIP Value Shares SH/ PUT/ Invest. Other Voting Authority of x($1,000) or PRN AMT PRN Call Disc'n Mgrs Sole Shared None Class ABERDEEN EMERGING MARKETS T Common 00301T102 $2,686.90 124,972 SH n/a sole n/a sole 0 0 ABERDEEN ISRAEL FUND, INC Common 00301L109 $424.07 32,372 SH n/a sole n/a sole 0 0 ABERDEEN LATIN AMERICA EQUI Common 00306K106 $1,647.76 45,468 SH n/a sole n/a sole 0 0 ADAMS EXPRESS COMPANY Common 006212104 $23,993.41 2,265,667 SH n/a sole n/a sole 0 0 AGIC INTERNATIONAL & PREMIU Common 00119Q100 $784.37 80,863 SH n/a sole n/a sole 0 0 ALLIANCEBERNSTEIN INC FUND Common 01881E101 $68,370.12 8,440,755 SH n/a sole n/a sole 0 0 ASIA PACIFIC FUND INC Common 044901106 $5,038.91 465,703 SH n/a sole n/a sole 0 0 BLACKROCK CREDIT ALLOC IV Common 092508100 $3,287.92 239,470 SH n/a sole n/a sole 0 0 BLACKROCK ENH CAP AND INC Common 09256A109 $8,047.97 647,985 SH n/a sole n/a sole 0 0 BLACKROCK ENHANCED DIVIDEND Common 09251A104 $6,520.76 908,184 SH n/a sole n/a sole 0 0 BLACKROCK GLOBAL OPP EQTY T Common 092501105 $3,810.39 288,666 SH n/a sole n/a sole 0 0 BLACKROCK INCOME TRUST Common 09247F100 $3,077.96 418,770 SH n/a sole n/a sole 0 0 BLACKROCK INTERNATIONAL GRO Common 092524107 $12,342.48 1,679,249 SH n/a sole n/a sole 0 0 BOULDER TOTAL RETURN FUND Common 101541100 $6,647.11 368,465 SH n/a sole n/a sole 0 0 CENTRAL EUROPE & RUSSIA FUN Common 153436100 $390.79 11,521 SH n/a sole n/a sole 0 0 CHINA FUND INC Common 169373107 $646.13 30,179 SH n/a sole n/a sole 0 0 CORNING INC COM Common 219350105 $126.20 10,000 SH n/a sole n/a sole 0 0 DOW 30 ENHANCED PREMIUM & I Common 260537105 $2,002.81 186,656 SH n/a sole n/a sole 0 0 EATON VANCE ENH EQT INC II Common 278277108 $14,533.32 1,392,080 SH n/a sole n/a sole 0 0 EATON VANCE ENHANCED EQ INC Common 278274105 $21,060.80 1,975,685 SH n/a sole n/a sole 0 0 EATON VANCE MI MUNICIPAL IN Common 27826D106 $1,184.26 85,816 SH n/a sole n/a sole 0 0 EATON VANCE TAX-MANAGED DIV Common 27828N102 $23,875.84 2,548,115 SH n/a sole n/a sole 0 0 EATON VANCE TAX-MANAGED GLO Common 27829F108 $8,726.22 990,490 SH n/a sole n/a sole 0 0 ETF POWERSHARES INSURED Common 73936T474 $83,292.57 3,234,663 SH n/a sole n/a sole 0 0 EXXON MOBIL CORPORATION Common 30231G102 $446.51 5,159 SH n/a sole n/a sole 0 0 FEDERATED ENHANCED TREASURY Common 314162108 $12,566.84 886,237 SH n/a sole n/a sole 0 0 FORT DEARBORN INCOME SEC Common 347200107 $4,072.16 246,201 SH n/a sole n/a sole 0 0 FRANKLIN STREET PROPERTIES Common 35471R106 $782.90 63,599 SH n/a sole n/a sole 0 0 GABELLI DIVIDEND & INCOME T Common 36242H104 $12,300.76 760,245 SH n/a sole n/a sole 0 0 GENERAL AMERICAN INVESTORS Common 368802104 $24,606.08 884,392 SH n/a sole n/a sole 0 0 GREATER CHINA FUND Common 39167B102 $2,707.71 210,226 SH n/a sole n/a sole 0 0 GSI GROUP, INC. Common 36191C205 $144.34 16,667 SH n/a sole n/a sole 0 0 ILLINOIS TOOL WORKS Common 452308109 $206.75 3,400 SH n/a sole n/a sole 0 0 INDIA FUND INC Common 454089103 $846.73 40,494 SH n/a sole n/a sole 0 0 INDONESIA FUND, INC. Common 00305P106 $122.91 10,532 SH n/a sole n/a sole 0 0 ING GLOBAL EQUITY DIVIDEND Common 45684E107 $204.18 23,550 SH n/a sole n/a sole 0 0 INTERNATIONAL BUSINESS MACH Common 459200101 $691.30 3,609 SH n/a sole n/a sole 0 0 ISHARES BARCLAYS 1-3 YEAR C Common 464288646 $17,634.15 167,180 SH n/a sole n/a sole 0 0 ISHARES BARCLAYS MBS BOND F Common 464288588 $13,134.72 121,629 SH n/a sole n/a sole 0 0 ISHARES IBOXX INV GR CORP B Common 464287242 $19,759.72 163,317 SH n/a sole n/a sole 0 0 ISHARES LEHMAN TRES INF PR Common 464287176 $1,969.63 16,223 SH n/a sole n/a sole 0 0 ISHARES MSCI AUSTRALIA INDE Common 464286103 $2,238.89 89,057 SH n/a sole n/a sole 0 0 ISHARES MSCI BRAZIL INDEX F Common 464286400 $3,098.96 55,398 SH n/a sole n/a sole 0 0 ISHARES MSCI CANADA Common 464286509 $21,565.99 759,366 SH n/a sole n/a sole 0 0 ISHARES MSCI EMU Common 464286608 $8,329.13 248,928 SH n/a sole n/a sole 0 0 ISHARES MSCI FRANCE INDEX F Common 464286707 $7,932.73 336,275 SH n/a sole n/a sole 0 0 ISHARES MSCI HONG KONG INDE Common 464286871 $2,245.19 115,612 SH n/a sole n/a sole 0 0 ISHARES MSCI JAPAN INDEX FD Common 464286848 $4,838.17 496,223 SH n/a sole n/a sole 0 0 ISHARES MSCI PACIFIC EX JPN Common 464286665 $10,702.90 227,045 SH n/a sole n/a sole 0 0 ISHARES MSCI UNITED KINGDOM Common 464286699 $12,096.65 674,284 SH n/a sole n/a sole 0 0 ISHARES S&P 500 INDEX FUND Common 464287200 $2,414.63 16,869 SH n/a sole n/a sole 0 0 ISHARES S&P NATIONAL MUNICI Common 464288414 $2,717.65 24,563 SH n/a sole n/a sole 0 0 JAPAN EQUITY FUND Common 471057109 $3,457.47 620,730 SH n/a sole n/a sole 0 0 JAPAN SMALLER CAPITALIZATIO Common 47109U104 $6,063.10 842,097 SH n/a sole n/a sole 0 0 JF CHINA REGION FUND INC Common 46614T107 $4,122.93 294,495 SH n/a sole n/a sole 0 0 JOHN HANCOCK T/A DVD INCOME Common 41013v100 $405.90 22,500 SH n/a sole n/a sole 0 0 KIMBERLY-CLARK CORPORATION Common 494368103 $423.75 5,019 SH n/a sole n/a sole 0 0 KOREA EQUITY FUND Common 50063B104 $1,245.17 135,051 SH n/a sole n/a sole 0 0 LAZARD GLOBAL TOT RT & INC Common 52106W103 $3,724.06 246,790 SH n/a sole n/a sole 0 0 LAZARD WORLD DIVIDEND & INC Common 521076109 $383.08 30,524 SH n/a sole n/a sole 0 0 LENNOX INTERNATIONAL INC. Common 526107107 $5,117.29 97,435 SH n/a sole n/a sole 0 0 LIBERTY ALL STAR EQUITY FUN Common 530158104 $22,018.58 4,616,054 SH n/a sole n/a sole 0 0 MACQUARIE GLOBAL INFR TOT R Common 55608D101 $6,247.08 327,587 SH n/a sole n/a sole 0 0 MARKET VECTORS INTERMEDIATE Common 57060U845 $2,940.11 124,370 SH n/a sole n/a sole 0 0 MARKET VECTORS-LEHMAN BROS Common 57060U886 $2,585.58 128,508 SH n/a sole n/a sole 0 0 MEXICO EQUITY AND INCOME FD Common 592834105 $1,000.62 70,219 SH n/a sole n/a sole 0 0 MFS INTERMARKET INC TRUST I Common 59318R103 $180.20 20,500 SH n/a sole n/a sole 0 0 MONTGOMERY ST INCOME SEC IN Common 614115103 $2,167.85 128,275 SH n/a sole n/a sole 0 0 MORGAN STANLEY ASIA PACIFIC Common 61744U106 $6,444.55 430,210 SH n/a sole n/a sole 0 0 MORGAN STANLEY EMRG MARKETS Common 61744G107 $2,223.44 143,448 SH n/a sole n/a sole 0 0 MORGAN STANLEY INDIA INVEST Common 61745C105 $579.36 31,266 SH n/a sole n/a sole 0 0 NEW GERMANY FUND Common 644465106 $11,072.47 710,685 SH n/a sole n/a sole 0 0 NEW IRELAND FUND INC Common 645673104 $367.87 40,425 SH n/a sole n/a sole 0 0 NUVEEN CORE EQUITY ALPHA FU Common 67090X107 $640.31 47,963 SH n/a sole n/a sole 0 0 NUVEEN DIVERSIFIED CURRENCY Common 67090N109 $898.30 69,798 SH n/a sole n/a sole 0 0 NUVEEN DIVIDEND ADV MUNI 3 Common 67070X101 $150.90 10,000 SH n/a sole n/a sole 0 0 NUVEEN MICHIGAN DIVIDEND AD Common 67070W103 $285.25 19,551 SH n/a sole n/a sole 0 0 NUVEEN QUALITY PREFERRED II Common 67072W101 $121.79 13,700 SH n/a sole n/a sole 0 0 PAYCHEX CORPORATION Common 704326107 $236.52 7,605 SH n/a sole n/a sole 0 0 POWERSHARES BUILD AMERICA P Common 73937B407 $39,786.53 1,315,692 SH n/a sole n/a sole 0 0 PUTNAM MUNI OPPORTUNITIES T Common 746922103 $13,504.13 1,042,790 SH n/a sole n/a sole 0 0 ROYCE VALUE TRUST Common 780910105 $19,928.54 1,484,988 SH n/a sole n/a sole 0 0 RYDEX S&P EQUAL WEIGHT ETF Common 78355W106 $8,987.89 168,565 SH n/a sole n/a sole 0 0 SINGAPORE FUND INC Common 82929L109 $4,868.79 348,268 SH n/a sole n/a sole 0 0 SPDR BARCLAYS CAPITAL INTL Common 78464A516 $9,084.14 148,896 SH n/a sole n/a sole 0 0 SPDR BARCLAYS CAPITAL MUNIC Common 78464A458 $99,455.51 4,102,950 SH n/a sole n/a sole 0 0 SPDR DOW JONES INDUSTRIAL A Common 78467X109 $43,885.59 336,082 SH n/a sole n/a sole 0 0 SPDR GOLD TRUST Common 78463V107 $49,444.90 305,177 SH n/a sole n/a sole 0 0 SPDR LEHMAN SHORT TERM MUNI Common 78464A425 $43,457.36 1,787,633 SH n/a sole n/a sole 0 0 SPDR TRUST SERIES 1 Common 78462F103 $74,774.36 525,064 SH n/a sole n/a sole 0 0 SPECIAL OPPORTUNITIES FUND Common 84741T104 $17,646.66 1,175,660 SH n/a sole n/a sole 0 0 STRATEGIC GLOBAL INCOME FUN Common 862719101 $274.81 25,051 SH n/a sole n/a sole 0 0 SWISS HELVETIA FUND Common 870875101 $11,246.39 996,137 SH n/a sole n/a sole 0 0 TAIWAN FUND INC Common 874036106 $282.89 17,313 SH n/a sole n/a sole 0 0 TEMPLETON DRAGON FUND INC Common 88018T101 $1,633.37 57,432 SH n/a sole n/a sole 0 0 TEMPLETON EMERGING MKTS FND Common 880191101 $786.82 39,341 SH n/a sole n/a sole 0 0 TEMPLETON RUSSIA & EAST EUR Common 88022F105 $302.97 20,709 SH n/a sole n/a sole 0 0 THAI CAPITAL FUND, INC. Common 882905201 $478.95 39,550 SH n/a sole n/a sole 0 0 THAI FUND INC Common 882904105 $440.99 22,105 SH n/a sole n/a sole 0 0 THE EUROPEAN EQUITY FUND, I Common 298768102 $5,620.82 799,548 SH n/a sole n/a sole 0 0 TRI-CONTINENTAL CORPORATION Common 895436103 $25,306.48 1,576,728 SH n/a sole n/a sole 0 0 TURKISH INVESTMENT FUND, IN Common 900145103 $218.58 13,136 SH n/a sole n/a sole 0 0 VANGUARD EMERGING MARKET ET Common 922042858 $16,870.99 378,868 SH n/a sole n/a sole 0 0 VANGUARD EUROPE PACIFIC ETF Common 921943858 $31,862.58 904,416 SH n/a sole n/a sole 0 0 VANGUARD EUROPEAN ETF Common 922042874 $28,798.65 589,653 SH n/a sole n/a sole 0 0 VANGUARD LARGE-CAP ETF Common 922908637 $25,230.80 387,213 SH n/a sole n/a sole 0 0 VANGUARD LONG-TERM CORP BON Common 92206C813 $258.16 2,815 SH n/a sole n/a sole 0 0 VANGUARD MID-CAP ETF Common 922908629 $22,250.31 269,897 SH n/a sole n/a sole 0 0 VANGUARD PACIFIC ETF Common 922042866 $17,582.13 329,315 SH n/a sole n/a sole 0 0 VANGUARD S&P 500 ETF Common 922908413 $62,858.87 964,241 SH n/a sole n/a sole 0 0 VANGUARD S/T CORP BOND ETF Common 92206c409 $2,548.55 31,730 SH n/a sole n/a sole 0 0 VANGUARD SMALL-CAP ETF Common 922908751 $22,431.14 277,270 SH n/a sole n/a sole 0 0 WA/CLAY US INFL-LKD OPP&INC Common 95766R104 $15,209.55 1,152,239 SH n/a sole n/a sole 0 0 WA/CLAY US INFL-LKD SEC&INC Common 95766Q106 $4,318.24 329,385 SH n/a sole n/a sole 0 0 WESTERN ASSET INFLATION MAN Common 95766U107 $27,999.09 1,490,106 SH n/a sole n/a sole 0 0 ZWEIG FUND INC Common 989834205 $10,590.51 870,930 SH n/a sole n/a sole 0 0 ZWEIG TOTAL RETURN FUND INC Common 989837208 $18,575.37 1,508,966 SH n/a sole n/a sole 0 0 Total Securities: 117 $1,356,803.32