KARPUS INVESTMENT MANAGEMENT

Legal name: KARPUS MANAGEMENT INC

CRD 110275File 801-29607

APPROVED

Retail clients

Filing as of Jul 7, 2026

Feed vintage Aug 17, 2026

Regulatory AUM

$4.01B

Top 25% of cohort (national)

Discretionary AUM

$4.01B

Clients

1,823

2,279 accounts

Employees

Top 25% of cohort in NY

Identity & registration

ADV Item 1

Organization form: Corporation
Firm type: Registered
SEC region: NYRO
Registration date: Mar 5, 1987
Principal office: 183 SULLY'S TRAIL, PITTSFORD, NY, 14534
Phone: 585-586-4680
Website: HTTPS://WWW.KARPUS.COM

Assets & accounts

ADV Item 5F

Total regulatory AUM: $4.01B
Discretionary AUM: $4.01B
Non-discretionary AUM: $0
Discretionary accounts: 2,279
Non-discretionary accounts: 0
Total accounts: 2,279
AUM per client: $2.2M

Clients by type

ADV Item 5D

Client type	Clients	AUM
Other	76	$462.6M
Insurance companies	Fewer than 5	$1.3M
Charitable organizations	44	$170.4M
High net worth individuals	689	$2.39B
Pension and profit sharing plans	47	$508.0M
State or municipal government entities	Fewer than 5	$62.7M
Individuals (other than high net worth individuals)	964	$417.9M

Compensation & activities

ADV Items 5E, 5G

Compensation

A percentage of assets under your management

Advisory activities

Portfolio management for businesses
Portfolio management for individuals and/or small businesses

Custody

ADV Item 9

Firm Custody Cash: No
Firm Custody Assets: No
Firm Custody Clients: No
Firm Custody Securities: No
Related Person Custody Cash: No
Related Person Custody Assets: No
Related Person Custody Clients: No
Related Person Custody Securities: No

Disclosure events

ADV Item 11

This firm answered no to every Item 11 disclosure question in this filing.

Filed changes

Date	Field	From	To
Aug 12, 2026	Registration	—	APPROVED

Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.