<SEC-DOCUMENT>0001048703-15-000073.txt : 20151214
<SEC-HEADER>0001048703-15-000073.hdr.sgml : 20151214
<ACCEPTANCE-DATETIME>20151214160039
ACCESSION NUMBER:		0001048703-15-000073
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20151214
DATE AS OF CHANGE:		20151214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ZWEIG TOTAL RETURN FUND INC
		CENTRAL INDEX KEY:			0000836412
		IRS NUMBER:				133474242
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-79663
		FILM NUMBER:		151285998

	BUSINESS ADDRESS:	
		STREET 1:		100 MUNSON STREET
		CITY:			GREENFIELD
		STATE:			MA
		ZIP:			01301
		BUSINESS PHONE:		800-272-2700

	MAIL ADDRESS:	
		STREET 1:		100 MUNSON STREET
		CITY:			GREENFIELD
		STATE:			MA
		ZIP:			01301

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Karpus Management, Inc.
		CENTRAL INDEX KEY:			0001048703
		IRS NUMBER:				161290550
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534
		BUSINESS PHONE:		5855864680

	MAIL ADDRESS:	
		STREET 1:		183 SULLY'S TRAIL
		CITY:			PITTSFORD
		STATE:			NY
		ZIP:			14534

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	KARPUS MANAGEMENT INC
		DATE OF NAME CHANGE:	19971029
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>ztr13da6.htm
<TEXT>
<HTML>

<HEAD></HEAD>

<BODY>
<center>

<font size=4><b>UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION</font><br>
<font size=3>Washington, D.C. 20549</p></font>

<font size=2>SCHEDULE 13D/A<br>
(Amendment No. 6)<br>
Under the Securities Exchange Act of 1934</b></p>


Zweig Total Return Fund Inc. (ZTR)<br>
<hr>
<b>(Name of Issuer)</b></p>

Common Stock<br>
<hr>
<b>(Title of Class of Securities)</b></p>


989837208<br>
<hr>
<b>(CUSIP Number)</b></p>


George W. Karpus, President<br>
Karpus Management, Inc.,<br>
d/b/a Karpus Investment Management<br>
183 Sully's Trail<br>
Pittsford, New York 14534<br>
(585) 586-4680<br>
<hr>
<b>(Name, Address and Telephone Number of Person<br>Authorized to Receive Notices and Communications)</b></p>


December 4, 2015<br>
<hr>
<b>(Date of Event which Requires Filing of this Statement)</b></p>


If the filing person has previously filed a statement on Schedule 13G<br>
to report the acquisition that is the subject of this Schedule 13D,<br>
and is filing this schedule because of &#167&#167 240.13d-1(e), 240.13d-1(f) or<br>
 240.13d-1(g), check the following box. <font size=4>&#127</p>

<p style=' page-break-before:always'></center></P>
<hr>
<font size=1.75><b>CUSIP No.&#58</b> 989837208</p>
<hr>



<b>1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).</b></p>

Karpus Management, Inc., d/b/a Karpus Investment Management<br>I.D. #16-1290558<br>

<hr>

<b>2. Check the Appropriate Box if a Member of a Group (See Instructions)</b><br>
(a) <font size=4>&#127<font size=1.75><br>
(b) <font size=1.75>&#32&#32X <br>

<hr>

<b>3. SEC Use Only</b><br>

<hr>

<b>4. Source of Funds (See Instructions)</b></p>

AF<br>

<hr>

<b>5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)</b></p>

N/A<br>

<hr>

<b>6. Citizenship or Place of Organization</b></p>

New York<br>

<hr>

<b>Number of Shares Beneficially Owned by Each reporting Person With:</b></p>

<ul><b>7.  Sole Voting Power</b></p>
    2,773,083   </p>

<b>8.  Shared Voting Power</b></p>
N/A</p>

<b>9.  Sole Dispositive Power</b></p>
    2,773,083    </p>

<b>10.  Shared Dispositive Power</b></p>
N/A</p>
</ul>
<hr>

<b>11. Aggregate Amount Beneficially Owned by Each Reporting Person</b></p>
    2,773,083    <br>

<hr>

<b>12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)</b></p>

N/A<br>

<hr>

<b>13. Percent of Class Represented by Amount in Row (11)</b></p>

8.59%<br>

<hr>

<b>14. Type of Reporting Person (See Instructions)</b></p>

IA<br>
<hr>
</font>

<p style=' page-break-before:always'>

</center>



<font size=2>

The following constitutes Amendment No. 6 ("Amendment No. 6") to the Schedule 13D filed by the undersigned.  This Amendment amends the original Schedule 13D as specifically set forth.</p>

<b>Item 3.  <u>Source and Amount of Funds or Other Considerations.</u></b></p>

KIM, an independent investment advisor, has accumulated  2,773,083 shares of the Zweig Total Return Fund on behalf of accounts that are managed by KIM (the &#147Accounts&#148) under limited powers of attorney, which represents 8.59% of the outstanding shares. All funds that have been utilized in making such purchases are from such Accounts.</p>

</p>

<b>Item 4.  <u>Purpose of Transaction.</u></b></p>

KIM has purchased Shares for the Accounts for investment purposes. However, KIM reserves the right to contact management with regard to concerns that they have with respect to the Fund.  This may include letters to the Board and/or other communications with Fund management. Being an independent registered investment advisor, with a specialty focus in closed end funds, the profile of Zweig Total Return Fund fits the investment guidelines for various Accounts. Shares have been acquired since December 16, 2011.

 </p>

</p>

<b>Item 5.  <u>Interest in Securities of the Issuer.</u></b></p>

(a) As of the date of this Report, KIM represents beneficial ownership of   2,773,083 shares or 8.59% of the outstanding shares.

<br><br>
George W. Karpus presently owns 84,801 shares.
<br>
JoAnn Van Degriff presently owns 13,425 shares.
<br>
Dana R. Consler presently owns 1,500 shares.
<br>
Kathy F. Crane presently owns 30 shares.
<br>
Karpus Management Defined Benefit Plan presently owns 3,500 shares.
<br>
<br>
None of the other principals of KIM presently own shares of the Zweig Total Return Fund. </p>
</p>

(b) KIM has the sole power to dispose of and to vote all of such Shares under limited powers of attorney.</p>

(c)  Open market transactions for the last 60 days for the Accounts. There have been no dispositions and no acquisitions, other than by such open market transactions:

<TABLE><pre><FONT FACE="Times New Roman" SIZE="2">
<u>Date</u>		<u>Shares</u>	             <u>Price Per Share</u>

10/6/2015	 	(400)	 	$11.60
10/12/2015	 	(1,500)	 	$11.75
10/13/2015	 	48,500 	 	$11.71
10/14/2015	 	2,400 	 	$11.66
10/15/2015	 	37,800 	 	$11.69
10/21/2015	 	463,000 		$11.86
10/22/2015	 	47,200 	 	$11.92
10/26/2015	 	9,900 	 	$12.01
10/27/2015	 	42,600 	 	$12.01
10/28/2015	 	3,300 	 	$12.03
11/2/2015	 	9,000 	 	$12.12
11/3/2015	 	40,300 	 	$12.16
11/4/2015	 	17,600 	 	$12.12
11/6/2015	 	49,565 	 	$12.11
11/9/2015	 	1,104 	 	$11.91
11/10/2015	 	110,400 		$11.96
11/11/2015	 	68,189 	 	$12.00
11/12/2015	 	4,175 	 	$11.92
11/13/2015	 	19,000 	 	$11.90
11/16/2015	 	4,300 	 	$11.93
11/17/2015	 	300 	 	$11.96
11/18/2015	 	20,112 	 	$12.07
11/19/2015	 	5,201 		$12.05
11/20/2015	 	15,812 	 	$12.11
11/24/2015	 	(1,100)	 	$12.16
11/27/2015	 	(300)	 	$12.16
12/2/2015	 	194,300 		$12.28
12/3/2015	 	5,520 	 	$12.67
12/4/2015	 	100,700 		$12.19




</pre>
The Accounts have the right to receive all dividends from, and any proceeds from the sale of the Shares.  None of the Accounts has an interest in Shares constituting more than 5% of the Shares outstanding.</p>

<b>Item 6.  <u>Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer.</u></b></p>

Except as described above, there are no contracts, arrangements, understandings or relationships of any kind among the Principals and KIM and between any of them and any other person with respect to any of the Zweig Total Return Fund securities.</p>

<b>Item 7.  <u>Materials to be Filed as Exhibits.</U></b></p>

None.</p>

<center><b><u>SIGNATURE</b></u></center></p>


After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.<br>

<pre><FONT FACE="Times New Roman" SIZE="2"><b>Karpus Management, Inc.</b>


By:  	/s/
Name:  	Daniel Lippincott
Title:  	Senior Tax-Sensitive Manager
Date:  	December 14, 2015
</pre>
<hr>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
