President

0001398344-19-008798.txt : 20190514 0001398344-19-008798.hdr.sgml : 20190514 20190514115718 ACCESSION NUMBER: 0001398344-19-008798 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190514 DATE AS OF CHANGE: 20190514 EFFECTIVENESS DATE: 20190514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Thomas J. Herzfeld Advisors, Inc. CENTRAL INDEX KEY: 0001509510 IRS NUMBER: 592414380 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-14375 FILM NUMBER: 19821404 BUSINESS ADDRESS: STREET 1: 119 WASHINGTON AVENUE, SUITE 504 CITY: MIAMI BEACH STATE: FL ZIP: 33139 BUSINESS PHONE: 305-271-1900 MAIL ADDRESS: STREET 1: 119 WASHINGTON AVENUE, SUITE 504 CITY: MIAMI BEACH STATE: FL ZIP: 33139 13F-HR 1 primary_doc.xml 13F-HR LIVE false false false 0001509510 XXXXXXXX 03-31-2019 03-31-2019 false Thomas J. Herzfeld Advisors, Inc.

119 WASHINGTON AVENUE, SUITE 504 MIAMI BEACH FL 33139

13F HOLDINGS REPORT 028-14375 N Erik M. Herzfeld President 305-271-1900 /s/ Erik M. Herzfeld Miami Beach FL 05-13-2019 1 292 272711 1 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 fp0042124_13fhr-table.xml 13F INFORMATION TABLE 3M Co COM 88579Y101 6 29 SH SOLE 29 0 0 ABB Ltd SPONSORED ADR 000375204 6 318 SH SOLE 318 0 0 Aberdeen Asia Pacific In Com COM 003009107 44 10349 SH SOLE 10349 0 0 Aberdeen Emerging Markets Equity Inc. COM 00301W105 318 43750 SH SOLE 43750 0 0 Aberdeen Global Dynamic Dividend Fund COM 00302M106 1985 209635 SH OTR 1 113579 96056 0 Aberdeen Japan Equity Fund Inc COM 00306J109 1854 265870 SH OTR 1 173477 92393 0 Aberdeen Total Dynamic Dividend Fund COM SH BEN INT 00326L100 4636 561957 SH OTR 1 336525 225432 0 Accenture PLC Ireland SHS CLASS A G1151C101 16 89 SH SOLE 89 0 0 Adams Diversified Equity Fund Inc COM 006212104 3412 236302 SH SOLE 236302 0 0 Adams Natural Resources Fund Inc COM 00548F105 2510 149674 SH OTR 1 36553 113121 0 Advent Claymore Convertible Securities and Income Fund COM 00764C109 607 41111 SH SOLE 41111 0 0 Alibaba Group Holding Limited SPONSORED ADS 01609W102 12 68 SH SOLE 68 0 0 Allegion PLC ORD SHS G0176J109 10 105 SH SOLE 105 0 0 AllianceBernstein National Municipal Income Fund Inc COM 01864U106 135 10411 SH SOLE 10411 0 0 AllianzGI Convertible & Income 2024 Target Term Fund COM 01883H102 981 109003 SH SOLE 109003 0 0 AllianzGI NFJ Dividend Interest & Premium Strategy Fund COM 01883A107 468 38787 SH OTR 1 80 38707 0 Altaba Inc COM 021346101 63 849 SH SOLE 849 0 0 Amazon Com Inc COM 023135106 11 6 SH SOLE 6 0 0 Ambev SA SHS CL A 02319V103 17 4050 SH SOLE 4050 0 0 America Movil SAB de CV SPON ADR L SHS 02364W105 638 44690 SH SOLE 44690 0 0 American Electric Power Co Inc COM 025537101 7 83 SH SOLE 83 0 0 American Express Co COM 025816109 8 69 SH SOLE 69 0 0 Amgen Inc COM 031162100 133 700 SH SOLE 700 0 0 Aon Plc SHS CL A G0408V102 7 43 SH SOLE 43 0 0 Apollo Tactical Income Fund Inc COM 037638103 5471 372430 SH OTR 1 240999 131431 0 Apple Inc COM 037833100 9 46 SH SOLE 46 0 0 Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 1554 104732 SH SOLE 104732 0 0 ASA Gold and Precious Metals Ltd SHS G3156P903 51 5015 SH SOLE 5015 0 0 ASML Holding N V N Y REGISTRY SHS N07059210 40 215 SH SOLE 215 0 0 Automatic Data Processing, Inc. COM 053015103 7 44 SH SOLE 44 0 0 Avianca Holdings SA SPON ADR REP PFD 05367G100 1111 270869 SH SOLE 270869 0 0 Baidu Inc SPON ADR REP A 056752108 37 222 SH SOLE 222 0 0 Banco Bilbao Vizcaya Argentaria SA SPONSORED ADR 05946K101 37 6523 SH SOLE 6523 0 0 Banco Bradesco S.A. SP ADR PFD 059460303 6 618 SH SOLE 618 0 0 Bancolombia SA SPON ADR PREF 05968L102 933 18280 SH SOLE 18280 0 0 Becton Dickinson & Co COM 075887109 6 24 SH SOLE 24 0 0 BHP Billiton Ltd SPONSORED ADR 088606108 12 212 SH SOLE 212 0 0 BioMarin Pharmaceutical Inc COM 09061G101 21 239 SH SOLE 239 0 0 BlackRock Calif Mun Income COM SH BEN INT 09248E102 103 8000 SH SOLE 8000 0 0 BlackRock Credit Allocation Income Trust COM 092508100 670 53957 SH SOLE 53957 0 0 BlackRock Debt Strategies Fund COM NEW 09255R202 151 14095 SH SOLE 14095 0 0 BlackRock Enhanced Equity Dividend Trust COM 09251A104 13 1526 SH SOLE 1526 0 0 BlackRock Mass Tax- Exempt Tr COM SH BEN INT 09258E109 81 6444 SH SOLE 6444 0 0 BlackRock Muni Intermediate Duration Fund Inc COM 09253X102 747 54258 SH SOLE 54258 0 0 BlackRock Muni New York Intermediate Duration Fund Inc COM 09255F109 52 3850 SH SOLE 3850 0 0 BlackRock Municipal 2030 Target Term Trust COM SHS BEN IN 09257P105 349 15686 SH SOLE 15686 0 0 BlackRock Munihldngs Cali QL COM 09254L107 186 14050 SH SOLE 14050 0 0 Blackstone / GSO Strategic Credit Fund COM SHS BEN IN 09257R101 698 48961 SH SOLE 48961 0 0 Boulder Growth & Income Fund Inc COM 101507101 11320 1050052 SH OTR 1 767429 282623 0 BrandywineGLOBAL - Global Income Opportunities Fund Inc. COM 10537L104 59 5264 SH SOLE 5264 0 0 Bristol-Myers Squibb Co COM 110122108 81 1700 SH SOLE 1700 0 0 Brookfield Real Assets Incom COM SH BEN INT 112830104 1106 51134 SH OTR 1 19547 31587 0 Canadian Natural Resources Ltd COM 136385101 8 288 SH SOLE 288 0 0 Carnival Corp UNIT 99/99/9999 143658300 1345 26518 SH SOLE 26518 0 0 Celgene Corp COM 151020104 28 300 SH SOLE 300 0 0 Cemex SAB de CV SPON ADR NEW 151290889 1441 310645 SH SOLE 310645 0 0 Central and Eastern European Fund Inc COM 153436100 43 1791 SH SOLE 1791 0 0 Central Securities Corp COM 155123102 12062 421014 SH OTR 1 294993 126021 0 China Petroleum & Chemical Corp SPON ADR H SHS 16941R108 7 84 SH SOLE 84 0 0 Chubb Ltd COM H1467J104 13 90 SH SOLE 90 0 0 Clearbridge Energy Midstrm O COM 18469P100 34 3542 SH SOLE 3542 0 0 Clearbridge MLP and Midstrm COM 184692101 2074 163800 SH SOLE 163800 0 0 Coca Cola European Partners SHS G25839104 13 257 SH SOLE 257 0 0 Cohen & Steers Closed-End Opportunity Fund, Inc. COM 19248P106 708 57282 SH SOLE 57282 0 0 Cohen & Steers MLP Income and Energy Opportunity Fund Inc COM SHS 19249B106 456 48447 SH SOLE 48447 0 0 Consolidated Water Co Ltd ORD G23773107 1565 121638 SH SOLE 121638 0 0 Copa Holdings SA CL A P31076105 1960 24317 SH SOLE 24317 0 0 Cornerstone Strategic Value Fund Inc COM 21924B302 10414 855036 SH OTR 1 668146 186890 0 Cornerstone Total Rtrn Fd In COM 21924U300 3345 278964 SH SOLE 278964 0 0 Credit Suisse Asset Management Income Fund Inc COM 224916106 645 208186 SH SOLE 208186 0 0 Credit Suisse Group AG SPONSORED ADR 225401108 3 226 SH SOLE 226 0 0 Delaware Investments Minnesota Municipal Income Fund II Inc COM 24610V103 150 11884 SH SOLE 11884 0 0 Diageo PLC SPON ADR NEW 25243Q205 26 157 SH SOLE 157 0 0 Doubleline Opportunitic Cr COM 258623107 1 56 SH SOLE 56 0 0 DowDuPont Inc COM 26078J100 3 75 SH SOLE 75 0 0 Dreyfus Mun Income Inc COM 26201R102 42 5000 SH SOLE 5000 0 0 Eagle Point Credit Co Inc COM 269808101 2267 136268 SH OTR 1 120524 15744 0 Eaton Vance Calif Mun Bd Fd COM 27828A100 96 9120 SH SOLE 9120 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 131 10947 SH SOLE 10947 0 0 Eaton Vance Fltg Rate Income Tr COM SHS BEN INT 278284104 20 1335 SH SOLE 1335 0 0 Eaton Vance Limited Duration Income Fund COM 27828H105 1652 130584 SH SOLE 130584 0 0 Eaton Vance Mun Bd Fd COM 27827X101 292 23538 SH SOLE 23538 0 0 Eaton Vance Muni Income Trust SH BEN INT 27826U108 137 11241 SH SOLE 11241 0 0 Eaton Vance Short Duration Diversified Income Fund COM 27828V104 795 61328 SH SOLE 61328 0 0 Eaton Vance Tax Adv Bd Opt S COM SH BEN INT 27829M103 196 21152 SH SOLE 21152 0 0 Eli Lilly & Co COM 532457108 78 600 SH SOLE 600 0 0 Embraer S A SP ADR REP 4 COM 29082A107 6 330 SH SOLE 330 0 0 Empire State Realty Trust Inc CL A 292104106 1010 63894 SH SOLE 63894 0 0 Equinix Inc COM PAR $0.001 29444U700 50 110 SH SOLE 110 0 0 Era Group Inc COM 26885G109 155 13474 SH SOLE 13474 0 0 EVERTEC Inc COM 30040P103 472 16956 SH SOLE 16956 0 0 Exxon Mobil Corp COM 30231G102 6 73 SH SOLE 73 0 0 Fiduciary/Claymore MLP Opportunity Fund COM 31647Q106 82 7767 SH SOLE 7767 0 0 First BanCorp/Puerto Rico COM NEW 318672706 3031 264477 SH SOLE 264477 0 0 First Tr Inter Dur Pfd & In COM 33718W103 198 9058 SH SOLE 9058 0 0 First Trust Aberdeen Global Opportunity Income Fund COM SHS 337319107 53 5229 SH SOLE 5229 0 0 First Trust Energy Infrastructure Fund COM 33738C103 768 48464 SH SOLE 48464 0 0 First Trust High Income Long/Short Fund COM 33738E109 1455 99580 SH SOLE 99580 0 0 First Trust Mortgage Income Fund COM SHS 33734E103 317 23402 SH SOLE 23402 0 0 Firsthand Technology Value Fund, Inc. COM 33766Y100 966 72817 SH SOLE 72817 0 0 Flaherty & Crumine Total Return COM 338479108 254 13197 SH SOLE 13197 0 0 Flaherty & Crumrine Dynamic Preferred and Income Fund SHS 33848W106 19 801 SH SOLE 801 0 0 Fomento Economico Mexicano SAB de CV SPON ADR UNITS 344419106 1389 15055 SH SOLE 15055 0 0 Franklin Unvl Tr SH BEN INT 355145103 226 32074 SH SOLE 32074 0 0 Fresh Del Monte Produce Inc ORD G36738105 1149 42500 SH SOLE 42500 0 0 Gabelli Equity Trust Inc COM 362397101 32 5191 SH SOLE 5191 0 0 General American Investors Co Inc COM 368802104 5598 168054 SH OTR 1 122083 45971 0 Great Elm Cap Corp COM 390320109 1247 150921 SH SOLE 150921 0 0 Grupo Aeroportuario del Sureste SAB de CV SPON ADR SER B 40051E202 1068 6600 SH SOLE 6600 0 0 Grupo Televisa SAB SPON ADR REP ORD 40049J206 314 28400 SH SOLE 28400 0 0 GW Pharmaceuticals PLC ADS 36197T103 8 45 SH SOLE 45 0 0 HDFC Bank Ltd SPONSORED ADS 40415F101 4 33 SH SOLE 33 0 0 Highland Floating Rate Opportunities Fund SHS BEN INT 43010E404 12456 896781 SH OTR 1 697244 199537 0 HIS Markit Ltd SHS G47567105 13 237 SH SOLE 237 0 0 Incyte Corp COM 45337C102 21 242 SH SOLE 242 0 0 Inovio Pharmaceuticals Inc COM NEW 45773H201 19 5000 SH SOLE 5000 0 0 Intuit COM 461202103 9 34 SH SOLE 34 0 0 Invesco Calif Value Mun Inc COM 46132H106 73 6000 SH SOLE 6000 0 0 Invesco Dynamic Credit Opportunities Fund COM 46132R104 957 88181 SH SOLE 88181 0 0 Invesco Exchng Traded Fd Tr CEF INM COMPSI 46138E404 2107 95084 SH SOLE 95084 0 0 Invesco Municipal Opportunity Trust COM 46132C107 276 23131 SH SOLE 23131 0 0 Invesco QQQ Tr UNIT SER 1 46090E103 49 270 SH SOLE 270 0 0 Invesco Senior Income Trust COM 46131H107 2020 480925 SH SOLE 480925 0 0 iShares Short Maturity Bond ETF SHT MAT BD ETF 46431W507 3629 72236 SH SOLE 72236 0 0 iShares TIPS Bond ETF TIPS BD ETF 464287176 46 410 SH SOLE 410 0 0 Ishares Tr SHORT TREAS BD 464288679 2764 25000 SH SOLE 25000 0 0 Ishares Tr 13 Yr 1 3 YR TREAS BD 464287457 1531 18200 SH SOLE 18200 0 0 Ishares Tr Short Term SHRT NAT MUN ETF 464288158 208 1958 SH SOLE 1958 0 0 Itau Unibanco Holding S.A. SPON ADR REP PFD 465562106 10 1173 SH SOLE 1173 0 0 Ivy High Income Opportunities Fund COM 465893105 384 28424 SH SOLE 28424 0 0 Japan Smaller Capitalization Fund Inc COM 47109U104 740 84390 SH OTR 1 52180 32210 0 Johnson & Johnson COM 478160104 10 74 SH SOLE 74 0 0 JPMorgan Chase & Co COM 46625H100 11 106 SH SOLE 106 0 0 Jupai Holdings Limited COM 67073B106 81 8521 SH SOLE 8521 0 0 Karyopharm Therapeutics Inc COM 48576U106 9 1500 SH SOLE 1500 0 0 Kayne Anderson Midstream/Energy Fund Inc COM 48661E108 1794 150747 SH OTR 1 83079 67668 0 Kayne Anderson MLP Investment Company COM 486606106 2019 125956 SH OTR 1 68075 57881 0 KKR Income Opportunities Fund COM 48249T106 390 25206 SH SOLE 25206 0 0 Koninklijke Philips NV NY REG SH NEW 500472303 10 234 SH SOLE 234 0 0 Lennar Corp CL A 526057104 2332 47500 SH SOLE 47500 0 0 Liberty All Star Equity Fund SH BEN INT 530158104 382 62465 SH SOLE 62465 0 0 Liberty All Star Growth Fund Inc COM 529900102 468 84193 SH SOLE 84193 0 0 LivaNova PLC SHS G5509L101 810 8330 SH SOLE 8330 0 0 Lululemon Athletica Inc COM 550021109 10 60 SH SOLE 60 0 0 Macquarie Global Infrastructure Total Return Fund Inc COM 55608D101 157 7082 SH SOLE 7082 0 0 Marriott Vacations Worldwide Corp COM 57164Y107 1566 16745 SH SOLE 16745 0 0 Martin Marietta Materials Inc COM 573284106 604 3000 SH SOLE 3000 0 0 MasTec Inc COM 576323109 5642 117297 SH SOLE 117297 0 0 McDonald's Corp COM 580135101 9 50 SH SOLE 50 0 0 Merck & Co Inc COM 58933Y105 166 2000 SH SOLE 2000 0 0 MFS High Income Municipal Trust SH BEN INT 59318D104 116 22677 SH SOLE 22677 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 908 96702 SH SOLE 96702 0 0 MFS Municipal Income Trust SH BEN INT 552738106 210 30279 SH SOLE 30279 0 0 Microsoft Corp COM 594918104 16 132 SH SOLE 132 0 0 Mitsubishi UFJ Financial Group Inc SPONSORED ADS 606822104 9 1760 SH SOLE 1760 0 0 Morgan Stanley Asia-Pacific Fund Inc COM 61744U106 22 1347 SH SOLE 1347 0 0 Morgan Stanley Em Mkts Dm De COM 617477104 894 135030 SH SOLE 135030 0 0 Morgan Stanley India Investment Fund Inc COM 61745C105 1142 54645 SH OTR 1 4645 50000 0 Neuberger Berman MLP Income Fund Inc COM 64129H104 1246 156531 SH SOLE 156531 0 0 Neuberger Brman NY Muni Fd COM 64124K102 3 241 SH SOLE 241 0 0 New Oriental Education & Technology Group Inc SPON ADR 647581107 8 93 SH SOLE 93 0 0 NexPoint Credit Strategies Fund COM NEW 65340G205 16632 763966 SH OTR 1 531207 232759 0 NextEra Energy Inc COM 65339F101 1169 6045 SH SOLE 6045 0 0 Northrop Grumman Corporation COM 666807102 7 26 SH SOLE 26 0 0 Norwegian Cruise Line Holdings Ltd SHS G66721104 3130 56944 SH SOLE 56944 0 0 Novartis AG SPONSORED ADR 66987V109 52 619 SH SOLE 619 0 0 NuStar Energy L.P. COM 67067Y104 40 6857 SH SOLE 6857 0 0 Nuveen All Cap Ene MLP Oppo COM 67075E108 142 20449 SH SOLE 20449 0 0 Nuveen AMT-Free Quality Municipal Income Fund COM 670657105 89 6693 SH SOLE 6693 0 0 Nuveen CA Select Tax Free Pr SH BEN INT 67063R103 11 780 SH SOLE 780 0 0 Nuveen California Amt Qlt Mu COM 670651108 139 10000 SH SOLE 10000 0 0 Nuveen Core Equity Alpha Fund COM 67090X107 35 2520 SH SOLE 2520 0 0 Nuveen Credit Strategies Income Fund COM SHS 67073D102 11467 1483406 SH OTR 1 1152463 330943 0 Nuveen Floating Rate Income Fund COM 67072T108 99 10244 SH SOLE 10244 0 0 Nuveen Floating Rate Income Opportunity Fund COM SHS 6706EN100 2699 281406 SH OTR 1 150806 130600 0 Nuveen Global High Income Fund SHS 67075G103 134 8839 SH SOLE 8839 0 0 Nuveen Massachusets Qlt Mun COM 67061E104 37 2983 SH SOLE 2983 0 0 Nuveen Multi-Market Income Fund Inc COM 67075J107 739 104489 SH SOLE 104489 0 0 Nuveen NASDAQ 100 Dynamic Overwrite Fund COM SHS 670699107 37 1664 SH SOLE 1664 0 0 Nuveen New Jersey Quality Municipal Income Fund COM 67069Y102 89 6456 SH SOLE 6456 0 0 Nuveen Pfd & Income Term Fd COM 67075A106 174 7761 SH SOLE 7761 0 0 Nuveen Preferred Income Opportunities Fund SPONSORED ADR 636274409 12 220 SH SOLE 220 0 0 Nuveen Real Asset Income and Growth Fund COM 67074Y105 85 5321 SH SOLE 5321 0 0 Nuveen Select Tax-Free Income 2 Portfolio SH BEN INT 67063C106 275 19746 SH SOLE 19746 0 0 Nuveen Select Tax-Free Income 3 Portfolio SH BEN INT 67063X100 553 37534 SH OTR 1 27588 9946 0 Nuveen Select Tax-Free Income Portfolio SH BEN INT 67062F100 113 7740 SH SOLE 7740 0 0 OFS Credit Company Inc COM 67111Q107 5417 303497 SH OTR 1 261370 42127 0 Orange S.A. SPONSORED ADR 684060106 11 662 SH SOLE 662 0 0 Oxford Square Capital Corp. COM 69181V107 846 130230 SH SOLE 130230 0 0 PepsiCo, Inc. COM 713448108 9 74 SH SOLE 74 0 0 Pfizer Inc COM 717081103 9 221 SH SOLE 221 0 0 PGIM Global Short Duration High Yield Fund, Inc. COM 69346J106 4239 304107 SH SOLE 304107 0 0 PGIM Short Duration High Yield Fund, Inc. COM 69346H100 6464 455864 SH OTR 1 362675 93189 0 PGT Innovations Inc COM 69336V101 833 60170 SH SOLE 60170 0 0 PIMCO California Municipal Income Fund II COM 72200M108 250 27762 SH SOLE 27762 0 0 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ENHAN SHRT MA AC 72201R833 3632 35758 SH SOLE 35758 0 0 PIMCO ETF Tr SHTRM MUN BD ACT 72201R874 899 17856 SH SOLE 17856 0 0 Pioneer Diversified High Income Trust COM 723653101 422 29649 SH SOLE 29649 0 0 Pioneer High Income Trust COM 72369H106 331 36965 SH SOLE 36965 0 0 Pioneer Municipal High Income Advantage Trust COM 723762100 71 6600 SH SOLE 6600 0 0 Pioneer Municipal High Income Trust COM SHS 723763108 445 37302 SH SOLE 37302 0 0 Popular Inc COM NEW 733174700 2879 55230 SH SOLE 55230 0 0 Principal Real Estate Income Fund SHS BEN INT 74255X104 268 14400 SH SOLE 14400 0 0 ProShares Short VIX Short-Term Futures ETF SHT VIX ST TRM 74347W130 10 194 SH SOLE 194 0 0 Prudential PLC ADR 74435K204 7 180 SH SOLE 180 0 0 Putnam Managed Municipal Income Trust COM 746823103 28 3694 SH SOLE 3694 0 0 Putnam Municipal Opportunities Trust SH BEN INT 746922103 63 5142 SH SOLE 5142 0 0 Raytheon Co COM NEW 755111507 9 49 SH SOLE 49 0 0 Rivernorth Doubleline Strate COM 76882G107 1060 64628 SH SOLE 64628 0 0 Rivernorth Opportunistic Mun COM 76883F108 121 5816 SH SOLE 5816 0 0 RMR Real Estate Income Fund COM 76970B101 718 38417 SH SOLE 38417 0 0 Rogers Communications Inc CL B 775109200 11 208 SH SOLE 208 0 0 Royal Bk Cda Montreal Que COM 780087102 7 94 SH SOLE 94 0 0 Royal Caribbean Cruises Ltd COM V7780T103 3579 31229 SH SOLE 31229 0 0 Royal Dutch Shell PLC SPON ADR B 780259107 748 308 SH SOLE 308 0 0 Royce Value Trust Inc COM 780910105 171 12395 SH SOLE 12395 0 0 Salient Midstream & MLP Fund SH BEN INT 79471V105 1393 151628 SH OTR 1 43133 108495 0 Sangamo Therapeutics, Inc. COM 800677106 48 5000 SH SOLE 5000 0 0 Sanofi SPONSORED ADR 80105N105 11 247 SH SOLE 247 0 0 SAP SE SPON ADR 803054204 10 87 SH SOLE 87 0 0 Sea Limited ADR 81141R100 20 857 SH SOLE 857 0 0 Seaboard Corp COM 811543107 746 174 SH SOLE 174 0 0 Simon Property Group Inc COM 828806109 8 46 SH SOLE 46 0 0 SK Telecom Co Ltd SPONSORED ADR 78440P108 7 295 SH SOLE 295 0 0 Sony Corp SPONSORED ADR 835699307 67 1577 SH SOLE 1577 0 0 Source Capital Inc COM 836144105 1940 53876 SH OTR 1 32993 20883 0 SPDR S&P 500 ETF Tr TR UNIT 78462F103 62 220 SH SOLE 220 0 0 SPDR S&P MidCap 400 ETF Tr UTSER1 S&PDCRP 78467Y107 52 150 SH SOLE 150 0 0 SPDR Ser Tr SPDR BLOOMBERG 78468R663 1000 10919 SH SOLE 10919 0 0 Special Opportunities Fund Inc COM 84741T104 3 210 SH SOLE 210 0 0 Sprott Focus Trust Inc COM 85208J109 204 29847 SH SOLE 29847 0 0 Sprott Physical Gold and Silver Trust TR UNIT 85208R101 99 8000 SH SOLE 8000 0 0 Stryker Corporation COM 863667101 8 43 SH SOLE 43 0 0 Sumitomo Mitsui Finl Group I SPONSORED ADR 86562M209 6 916 SH SOLE 916 0 0 Suncor Energy Inc COM 867224107 48 1468 SH SOLE 1468 0 0 Taiwan Semiconductor Manufacturing Company Limited SPONSORED ADR 874039100 12 284 SH SOLE 284 0 0 Takeda Pharmaceutical Co Ltd SPONSORED ADR 874060205 81 4000 SH SOLE 4000 0 0 TCW Strategic Income Fund Inc COM 872340104 11 2000 SH SOLE 2000 0 0 Tekla Healthcare Investors SH BEN INT 87911J103 709 34522 SH SOLE 34522 0 0 Tekla Healthcare Opportunities Fund SHS 879105104 8360 474479 SH OTR 1 327449 147030 0 Tekla Life Science Investors SH BEN INT 87911K100 678 39562 SH SOLE 39562 0 0 Tekla World Healthcare Fund BEN INT SHS 87911L108 3860 301327 SH OTR 1 200897 100430 0 Templeton Dragon Fund Inc COM 88018T101 417 20955 SH OTR 1 1300 19655 0 The China Fund Inc COM 169373107 27 1343 SH SOLE 1343 0 0 The Cushing MLP Total Return Fund COM NEW 231631201 72 6909 SH SOLE 6909 0 0 The European Equity Fund Inc COM 298768102 150 17189 SH SOLE 17189 0 0 The Gabelli Dividend & Income Trust COM 36242H104 63 2949 SH SOLE 2949 0 0 The Gabelli Healthcare & WellnessRx Trust SHS 36246K103 2401 228446 SH OTR 1 143091 85355 0 The GDL Fund COM SH BEN IT 361570104 41 4263 SH SOLE 4263 0 0 The Herzfeld Caribbean Basin Fund Inc COM 42804T106 6112 1044789 SH DFND 681640 363149 0 The Home Depot Inc COM 437076102 11 56 SH SOLE 56 0 0 The India Fund Inc COM 454089103 1512 70765 SH OTR 1 44978 25787 0 The Korea Fund Inc COM NEW 500634209 81 2745 SH SOLE 2745 0 0 The Mexico Equity & Income Fund Inc COM 592834105 367 34568 SH OTR 1 17457 17111 0 The New Germany Fund Inc COM 644465106 1755 125546 SH OTR 1 38760 86786 0 The New Ireland Fund Inc COM 645673104 5 546 SH SOLE 546 0 0 The PNC Financial Services Group Inc COM 693475105 7 59 SH SOLE 59 0 0 The Taiwan Fund Inc COM 874036106 2171 121241 SH OTR 1 37025 84216 0 The Toronto-Dominion Bank COM NEW 891160509 14 255 SH SOLE 255 0 0 The Travelers Companies, Inc. COM 89417E109 4 29 SH SOLE 29 0 0 The Walt Disney Co COM DISNEY 254687106 8 75 SH SOLE 75 0 0 TJX Cos Inc COM 872540109 6 116 SH SOLE 116 0 0 Tortoise Energy Infrastructure Corporation COM 89147L100 2218 94387 SH OTR 1 68742 25645 0 Tortoise MLP Fund, Inc COM 89148B101 16 1164 SH SOLE 1164 0 0 Tortoise Pipeline & Energy Fund Inc COM 89148H108 1845 121410 SH OTR 1 54049 67361 0 Tortoise Power and Energy Infrastructure Fund Inc COM 89147X104 2132 114559 SH OTR 1 54217 60342 0 Tri-Continental Corp COM 895436103 96 3650 SH SOLE 3650 0 0 Unilever N.V. N Y SHS NEW 904784709 15 257 SH SOLE 257 0 0 United States Oil Fund LP UNITS 91232N108 13 1000 SH SOLE 1000 0 0 United Technologies Corp COM 913017109 9 68 SH SOLE 68 0 0 UnitedHealth Group Inc COM 91324P102 11 43 SH SOLE 43 0 0 Vaneck Vectors ETF Tr CEF MUN INCOME E 92189F460 638 24474 SH SOLE 24474 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 68 3039 SH SOLE 3039 0 0 Verizon Communications Inc COM 92343V104 6 96 SH SOLE 96 0 0 Virtus Total Return Fund Inc COM 92837G100 28 2767 SH SOLE 2767 0 0 Visa Inc COM CL A 92826C839 13 82 SH SOLE 82 0 0 Voya Emerging Mkts High Div COM 92912P108 10 1301 SH SOLE 1301 0 0 Voya Prime Rate Trust SH BEN INT 92913A100 2995 626509 SH SOLE 626509 0 0 Vulcan Materials Co COM 929160109 592 5000 SH SOLE 5000 0 0 Wal-Mart Stores Inc COM 931142103 10 100 SH SOLE 100 0 0 Waste Management, Inc. COM 94106L109 5 45 SH SOLE 45 0 0 Watsco Inc COM 942622200 1146 8000 SH SOLE 8000 0 0 Wells Fargo Advantage Multi-Sector Income Fund COM 94987D101 121 10020 SH SOLE 10020 0 0 Wells Fargo Global Dividend COM 94987C103 14 2588 SH SOLE 2588 0 0 Western Asset Emrg Mkt Debt COM 95766A101 52 3811 SH SOLE 3811 0 0 Western Asset High Incm Fd COM 95766J102 523 80756 SH SOLE 80756 0 0 Western Asset Mun Hi Incm Fd COM 95766N103 503 68027 SH SOLE 68027 0 0 Western Asset Variable Rate COM 957667108 21 1308 SH SOLE 1308 0 0 Western Asset/Claymore Inflation-Linked Opportunities & Income Fund COM 95766R104 55 5109 SH SOLE 5109 0 0 Western Asset/Claymore Inflation-Linked Securities & Income Fund COM SH BEN INT 95766Q106 281 25102 SH SOLE 25102 0 0 Wix Com Ltd SHS M98068105 6 52 SH SOLE 52 0 0 Zoetis Inc. CL A 98978V103 10 95 SH SOLE 95 0 0