President

0001398344-16-013365.txt : 20160513 0001398344-16-013365.hdr.sgml : 20160513 20160513160312 ACCESSION NUMBER: 0001398344-16-013365 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160331 FILED AS OF DATE: 20160513 DATE AS OF CHANGE: 20160513 EFFECTIVENESS DATE: 20160513 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: 161648293 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 03-31-2016 03-31-2016 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 05-12-2016 1 332 193246 1 0000019481 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 fp0019576_13fhr-table.xml 13F INFORMATION TABLE 3M Company COM 88579Y101 46 278 SH SOLE 278 0 0 Abbott Laboratories COM 002824100 42 1014 SH SOLE 1014 0 0 Aberdeen Asia-Pacific Income Fund, Inc. COM 003009107 124 24700 SH SOLE 24700 0 0 Aberdeen Chile Fund Inc. COM 00301W105 29 4800 SH SOLE 4800 0 0 Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc. COM 00301T102 58 4964 SH SOLE 4964 0 0 Aberdeen Indonesia Fund, Inc. COM 00305P106 141 23603 SH SOLE 23603 0 0 Aberdeen Israel Fund, Inc. COM 00301L109 40 2322 SH SOLE 2322 0 0 Aberdeen Japan Equity Fund, Inc. COM 00306J109 2175 296310 SH OTR 1 225262 71048 0 Aberdeen Singapore Fund, Inc. COM 003244100 227 25217 SH OTR 1 17917 7300 0 Adams Diversified Equity Fund, Inc. COM 006212104 5823 460338 SH OTR 1 408149 52189 0 Adams Natural Resources Fund, Inc. COM 00548F105 2919 162251 SH OTR 1 109654 52597 0 Advent Claymore Convertible Securities & Income Fund II COM 007639107 41 7516 SH SOLE 7516 0 0 Advent/Claymore Enhanced Growth & Income Fund COM 00765E104 482 58714 SH SOLE 58714 0 0 Alexion Pharmaceuticals, Inc. COM 015351109 18 128 SH SOLE 128 0 0 Allegion PLC ORD SHS G0176J109 25 386 SH SOLE 386 0 0 Alliance California Municipal Income Fund, Inc. COM 018546101 431 29045 SH SOLE 29045 0 0 AllianceBernstein National Municipal Income Fund COM 01864U106 472 32679 SH SOLE 32679 0 0 AllianzGI Equity & Convertible Income Fund COM 018829101 36 2000 SH SOLE 2000 0 0 AllianzGI NFJ Dividend, Interest & Premium Strategy Fund COM 01883A107 777 63367 SH OTR 1 5660 57707 0 Alpine Global Dynamic Dividend Fund COM NEW 02082E205 2977 348998 SH OTR 1 243239 105759 0 Alpine Total Dynamic Dividend Fund COM SH BEN INT N 021060207 5242 698881 SH OTR 1 572047 126834 0 Altria Group, Inc. COM 02209S103 39 615 SH SOLE 615 0 0 America Movil S.A.B. de C.V. SPON ADR L SHS 02364W105 694 44690 SH SOLE 44690 0 0 American Electric Power Co., Inc. COM 025537101 35 528 SH SOLE 528 0 0 Amgen Inc. COM 031162100 105 700 SH SOLE 700 0 0 AmpliPhi Biosciences Corporation COM NEW 03211P202 4 1000 SH SOLE 1000 0 0 Apollo Tactical Income Fund Inc COM 037638103 708 51993 SH SOLE 51993 0 0 Archer Daniels Midland Company COM 039483102 182 5000 SH SOLE 5000 0 0 Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 21 1596 SH SOLE 1596 0 0 ASA Gold and Precious Metals Limited SHS G3156P103 31 3000 SH SOLE 3000 0 0 Asia Pacific Fund COM 044901106 49 5150 SH SOLE 5150 0 0 ASML Holding NV N Y REGISTRY SHS N07059210 36 358 SH SOLE 358 0 0 AstraZeneca PLC SPONSORED ADR 046353108 50 1759 SH SOLE 1759 0 0 Atlantic Tele Network, Inc. COM NEW 049079205 909 11988 SH SOLE 11988 0 0 Avenue Income Credit Strategies Fund COM 05358E106 79 7176 SH SOLE 7176 0 0 Avianca Holdings S.A. SPON ADR REP PFD 05367G100 956 192368 SH SOLE 192368 0 0 Baidu, Inc. SPON ADR REP A 056752108 43 226 SH SOLE 226 0 0 Bancolombia S.A. SPON ADR PREF 05968L102 676 19780 SH SOLE 19780 0 0 Bancroft Fund Ltd. COM 059695106 526 29293 SH SOLE 29293 0 0 Barclays PLC ADR 06738E204 21 2384 SH SOLE 2384 0 0 BioMarin Pharmaceutical Inc. COM 09061G101 33 400 SH SOLE 400 0 0 BlackRock Credit Allocation Income Trust COM 092508100 244 19474 SH SOLE 19474 0 0 BlackRock Enhanced Equity Dividend Trust COM 09251A104 9 1254 SH SOLE 1254 0 0 BlackRock Limited Duration Income Trust COM SHS 09249W101 4 250 SH SOLE 250 0 0 BlackRock Long-Term Municipal Advantage Trust COM 09250B103 83 7000 SH SOLE 7000 0 0 BlackRock Multi-Sector Income Trust COM 09258A107 283 17911 SH SOLE 17911 0 0 BlackRock Municipal Target Term Trust COM SHS BN IN 09257P105 180 7848 SH SOLE 7848 0 0 BlackRock MuniHoldings Quality Fund II, Inc. COM 09254C107 84 6000 SH SOLE 6000 0 0 BlackRock Resources & Commodities Strategy Trust SHS 09257A108 114 15756 SH SOLE 15756 0 0 BlackRock Science and Technology Trust SHS 09258G104 8403 494289 SH OTR 1 379005 115284 0 BlackRock Utility & Infrastructure Trust COM 09248D104 88 4746 SH SOLE 4746 0 0 Blackstone/GSO Strategic Credit Fund COM SHS BEN IN 09257R101 167 12281 SH SOLE 12281 0 0 Boulder Growth and Income Fund, Inc. COM 101507101 11921 1518588 SH OTR 1 1257586 261002 0 British America Tobacco PLC SPONSORED ADR 110448107 31 266 SH SOLE 266 0 0 Brookfield Global Listed Infrastructure Income Fund COM SHS 11273Q109 190 16701 SH OTR 1 9701 7000 0 Brookfield Mortgage Opportunity Income Fund COM 112792106 73 5001 SH SOLE 5001 0 0 Calamos Global Dynamic Income Fund COM 12811L107 104 14800 SH SOLE 14800 0 0 Canadian Natural Resources Limited COM 136385101 35 1287 SH SOLE 1287 0 0 Carnival Corp. PAIRED CTF 143658300 1636 31000 SH SOLE 31000 0 0 Celgene Corporation COM 151020104 80 800 SH SOLE 800 0 0 Cemex, S.A.B. de C.V. SPON ADR NEW 151290889 1206 165672 SH SOLE 165672 0 0 Central Europe Russia and Turkey Fund COM 153436100 38 2028 SH SOLE 2028 0 0 Central Securities Corp. COM 155123102 1043 54503 SH SOLE 54503 0 0 Check Point Software Technologies Ltd. ORD M22465104 18 202 SH SOLE 202 0 0 China Fund, Inc. COM 169373107 59 4000 SH SOLE 4000 0 0 China Petroleum & Chemical Corp. SPON ADR H SHS 16941R108 32 489 SH SOLE 489 0 0 China Unicom (Hong Kong) Limited SPONSORED ADR 16945R104 19 1481 SH SOLE 1481 0 0 Chubb Limited COM H1467J104 29 246 SH SOLE 246 0 0 ClearBridge American Energy MLP Fund Inc. COM 184691103 77 10992 SH SOLE 10992 0 0 ClearBridge Energy MLP Fund Inc. COM 184692101 19 1400 SH SOLE 1400 0 0 ClearBridge Energy MLP Opportunity Fund Inc. COM 18469P100 71 6306 SH SOLE 6306 0 0 ClearBridge Energy MLP Total Return Fund Inc. COM 18469Q108 216 20797 SH SOLE 20797 0 0 Clough Global Allocation Fund COM 18913Y103 35 3000 SH SOLE 3000 0 0 Clough Global Opportunities Fund SH BEN INT 18914E106 742 77490 SH OTR 1 37013 40477 0 Coca Cola Femsa S.A.B. de C.V. SPON ADR REP L 191241108 731 8799 SH SOLE 8799 0 0 Cohen & Steers Closed-End Opportunity Fund, Inc. COM 19248P106 1761 161725 SH OTR 1 141725 20000 0 Cohen & Steers Global Income Builder, Inc. COM 19248M103 6 635 SH SOLE 635 0 0 Cohen & Steers Infrastructure Fund, Inc. COM 19248A109 2044 103184 SH OTR 1 70749 32435 0 Cohen & Steers MLP Income and Energy Opportunity Fund COM SHS 19249B106 88 10951 SH SOLE 10951 0 0 Cohen & Steers Total Return Realty Fund COM 19247R103 287 21910 SH SOLE 21910 0 0 Consolidated Water Co. Ltd. ORD G23773107 1576 129538 SH SOLE 129538 0 0 Copa Holdings SA CL A P31076105 3425 50550 SH SOLE 50550 0 0 Cornerstone Strategic Value Fund Inc. COM 21924B302 1433 97877 SH OTR 1 83694 14183 0 Cornerstone Total Return Fund, Inc. COM 21924U300 107 6657 SH SOLE 6657 0 0 Credicorp Ltd. COM G2519Y108 37 285 SH SOLE 285 0 0 Cushing MLP Total Return Fund COM NEW 231631201 108 10899 SH SOLE 10899 0 0 Cushing Renaissance Fund COM 231647108 192 13705 SH SOLE 13705 0 0 CVS Health Corporation COM 126650100 32 313 SH SOLE 313 0 0 Delaware Enhanced Global Dividend & Income Fund COM 246060107 357 39049 SH OTR 1 20177 18872 0 Delaware Investments Dividend & Income Fund, Inc. COM 245915103 41 4492 SH SOLE 4492 0 0 Delphi Automotive PLC SHS G27823106 31 413 SH SOLE 413 0 0 Deutsche Multi-Market Income Trust SHS 25160E102 96 12133 SH SOLE 12133 0 0 Deutsche Strategic Income Trust SHS 25160F109 20 1850 SH SOLE 1850 0 0 Diageo PLC SPON ADR NEW 25243Q205 29 268 SH SOLE 268 0 0 Diversified Real Asset Income Fund COM SHS 25533B108 1279 80933 SH OTR 1 61307 19626 0 Dominion Resources, Inc. COM 25746U109 33 435 SH SOLE 435 0 0 DoubleLine Income Solutions Fund COM 258622109 42 2500 SH SOLE 2500 0 0 Dreyfus Municipal Bond Infrastructure Fund, Inc. SHS 26203D101 106 8017 SH SOLE 8017 0 0 DTF Tax-Free Income Inc. COM 23334J107 121 7660 SH SOLE 7660 0 0 Duff & Phelps Select Energy MLP Fund Inc. COM 26433F108 54 10000 SH SOLE 10000 0 0 Eagle Growth and Income Opportunities Fund COM SHS BEN IN 26958J105 157 9589 SH SOLE 9589 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 78 5427 SH SOLE 5427 0 0 Eaton Vance Floating-Rate Income Plus Fund COM SHS BEN INT 278284104 21 1471 SH SOLE 1471 0 0 Eaton Vance Limited Duration Income Fund COM 27828H105 34 2600 SH SOLE 2600 0 0 Eaton Vance Municipal Income 2028 Term Trust SHS 27829U105 102 5186 SH SOLE 5186 0 0 Eaton Vance New Jersey Municipal Bond Fund COM 27828R103 10 676 SH SOLE 676 0 0 Eaton Vance New York Municipal Bond Fund II COM 27828T109 9 656 SH SOLE 656 0 0 Eaton Vance Risk-Managed Diversified Equity Income Fund COM 27829G106 119 12500 SH SOLE 12500 0 0 Eaton Vance Tax-Advantaged Dividend Income Fund COM 27828G107 15 800 SH SOLE 800 0 0 Eaton Vance Tax-Advantaged Global Dividend Opportunities Fund COM 27828U106 40 1835 SH SOLE 1835 0 0 Eaton Vance Tax-Managed Global Diversified Equity Income Fund COM 27829F108 312 35485 SH SOLE 35485 0 0 Eli Lilly and Company COM 532457108 43 600 SH SOLE 600 0 0 Equus Total Return, Inc. COM 294766100 104 65309 SH SOLE 65309 0 0 Era Group Inc. COM 26885G109 202 21515 SH SOLE 21515 0 0 European Equity Fund, Inc. COM 298768102 114 14448 SH SOLE 14448 0 0 Evertec Inc. COM 30040P103 331 23643 SH SOLE 23643 0 0 Exxon Mobil Corporation COM 30231G102 35 415 SH SOLE 415 0 0 FedEx Corporation COM 31428X106 33 200 SH SOLE 200 0 0 Fibria Celulose SA SP ADR REP COM 31573A109 19 2263 SH SOLE 2263 0 0 First Trust Dow Jones Internet ETF CAP STRENGTH ETF 33733E302 14 200 SH SOLE 200 0 0 First Trust Dynamic Europe Equity Income Fund COM SHS 33740D107 1244 74551 SH OTR 1 35596 38955 0 First Trust Energy Infrastructure Fund COM 33738C103 3048 197686 SH OTR 1 168785 28901 0 First Trust High Income Long/Short Fund COM 33738E109 660 45165 SH OTR 1 36225 8940 0 First Trust ISE Cloud Computing Index ISE CLOUD COMP 33734X192 6 209 SH SOLE 209 0 0 First Trust Mortgage Income Fund COM SHS 33734E103 114 7935 SH SOLE 7935 0 0 First Trust New Opportunities MLP & Energy Fund COM 33739M100 109 9051 SH SOLE 9051 0 0 Fomento Economico Mexicano, S.A.B. de C.V. SPON ADR UNITS 344419106 1156 12000 SH SOLE 12000 0 0 Freeport McMoran Copper & Gold CL B 35671D857 331 32000 SH SOLE 32000 0 0 Fresh Del Monte Produce Inc. ORD G36738105 210 5000 SH SOLE 5000 0 0 Gabelli Dividend & Income Trust COM 36242H104 2098 113554 SH OTR 1 59616 53938 0 Gabelli Equity Trust, Inc. COM 362397101 21 3783 SH SOLE 3783 0 0 Gabelli Global Small and Mid-Cap Value Fund COM 36249W104 7 700 SH SOLE 700 0 0 Gabelli Global Utility & Income Trust COM SH BEN INT 36242L105 26 1463 SH SOLE 1463 0 0 Gabelli Healthcare & Wellness (Rx) Trust SHS 36246K103 2863 290087 SH OTR 1 221230 68857 0 Gabelli Multimedia Trust Inc. COM 36239Q109 727 98873 SH OTR 1 49173 49700 0 GDL Fund COM SH BEN IT 361570104 100 9961 SH SOLE 9961 0 0 General American Investors Company, Inc. COM 368802104 3755 120240 SH OTR 1 92675 27565 0 General Electric Company COM 369604103 53 1673 SH SOLE 1673 0 0 Gilead Sciences Inc. COM 375558103 184 2000 SH SOLE 2000 0 0 Goldman Sachs MLP and Energy Renaissance Fund COM 38148G107 55 10000 SH SOLE 10000 0 0 Grupo Televisa, S.A.B. SPON ADR REP ORD 40049J206 780 28400 SH SOLE 28400 0 0 Guggenheim Enhanced Equity Income Fund COM 40167B100 680 93259 SH OTR 1 24847 68412 0 Guggenheim Enhanced Equity Strategy Fund COM 40167K100 998 65553 SH SOLE 65553 0 0 GW Pharmaceuticals PLC ADS 36197T103 30 414 SH SOLE 414 0 0 HDFC Bank Ltd. ADRS REPS 3 SHS 40415F101 30 487 SH SOLE 487 0 0 Health Care Select Sector SPDR ETF SBI HEALTHCARE 81369Y209 8 111 SH SOLE 111 0 0 ICIC Bank Ltd. ADR 45104G104 21 2943 SH SOLE 2943 0 0 Incyte Corporation COM 45337C102 18 242 SH SOLE 242 0 0 ING Groep N.V. SPONSORED ADR 456837103 51 4247 SH SOLE 4247 0 0 Ingersoll-Rand PLC SHS G47791101 28 457 SH SOLE 457 0 0 Inovio Pharmaceuticals, Inc. COM NEW 45773H201 131 15000 SH SOLE 15000 0 0 Intel Corporation COM 458140100 29 896 SH SOLE 896 0 0 Invesco Municipal Trust COM 46131J103 67 5000 SH SOLE 5000 0 0 Invesco Pennsylvania Value Municipal Income Trust COM 46132K109 81 6000 SH SOLE 6000 0 0 Invesco Quality Municipal Income Trust COM 46133G107 26 2000 SH SOLE 2000 0 0 iShares MSCI Mexico Capped MSCI MEX CAP ETF 464286822 419 7800 SH SOLE 7800 0 0 iShares Nasdaq Biotechnology NASDQ BIOTEC ETF 464287556 114 436 SH SOLE 436 0 0 iShares TIPS Bond TIPS BD ETF 464287176 47 410 SH SOLE 410 0 0 iShares US Medical Devices U.S. MED DVC ETF 464288810 153 1250 SH SOLE 1250 0 0 Japan Smaller Capitalization Fund Inc. COM 47109U104 1243 128855 SH OTR 1 71901 56954 0 John Hancock Premium Dividend Fund COM SH BEN INT 41013T105 23 1509 SH SOLE 1509 0 0 John Hancock Tax-Advantaged Dividend Income Fund COM 41013V100 15 655 SH SOLE 655 0 0 Johnson & Johnson COM 478160104 34 312 SH SOLE 312 0 0 JPMorgan Alerian MLP Index ETN ALERIAN ML ETN 46625H365 81 3000 SH SOLE 3000 0 0 JPMorgan Chase & Co. COM 46625H100 45 759 SH SOLE 759 0 0 JPMorgan China Region Fund, Inc. COM 48126T104 134 9067 SH SOLE 9067 0 0 Karyopharm Therapeutics Inc. COM 48576U106 43 4868 SH SOLE 4868 0 0 Koninklijke Philips N.V. NY REG SH NEW 500472303 17 585 SH SOLE 585 0 0 Ladenburg Thalmann Financial Services Inc. COM 50575Q102 25 10000 SH SOLE 10000 0 0 Latin American Discovery Fund Inc. COM 51828C106 7 800 SH SOLE 800 0 0 Legg Mason BW Global Income Opportunities Fund COM 52469B100 48 3864 SH SOLE 3864 0 0 Lennar Corp. CL A 526057104 2394 49500 SH SOLE 49500 0 0 Liberty All-Star Equity Fund SH BEN INT 530158104 4611 927754 SH OTR 1 752328 175426 0 Liberty All-Star Growth Fund, Inc. COM 529900102 561 138452 SH SOLE 138452 0 0 Liberty Global PLC SHS CL A G5480U104 32 834 SH SOLE 834 0 0 LivaNova PLC SHS G5509L101 450 8330 SH SOLE 8330 0 0 Lloyds Banking Group PLC SPONSORED ADR 539439109 28 7211 SH SOLE 7211 0 0 LMP Capital and Income Fund, Inc. COM 50208A102 408 33012 SH SOLE 33012 0 0 LMP Corporate Loan Fund Inc. COM 50208B102 6 600 SH SOLE 600 0 0 LyondellBasell Industries N.V. SHS -A- N53745100 29 336 SH SOLE 336 0 0 Macquarie Global Infrastructure Total Return Fund Inc. COM 55608D101 488 24272 SH OTR 1 18042 6230 0 Mallinckrodt Public Limited Company SHS G5785G107 25 405 SH SOLE 405 0 0 Market Vectors Gold Miners ETF GOLD MINER ETF 57060U100 60 3000 SH SOLE 3000 0 0 Marriott Vacations Worldwide Corp. COM 57164Y107 735 10890 SH SOLE 10890 0 0 Martin Marietta Materials Inc. COM 573284106 479 3000 SH SOLE 3000 0 0 MasTec, Inc. COM 576323109 2731 134927 SH SOLE 134927 0 0 McDonald's Corp. COM 580135101 47 376 SH SOLE 376 0 0 Merck & Co. Inc. COM 58933Y105 106 2000 SH SOLE 2000 0 0 MetLife, Inc. COM 59156R108 45 1020 SH SOLE 1020 0 0 Mexico Equity and Income Fund, Inc. COM 592834105 252 22466 SH SOLE 22466 0 0 MFS High Income Municipal Trust SH BEN INT 59318D104 197 38334 SH SOLE 38334 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 142 14000 SH SOLE 14000 0 0 Microsoft Corporation COM 594918104 36 658 SH SOLE 658 0 0 Morgan Stanley Asia Pacific Fund COM 61744U106 163 11901 SH SOLE 11901 0 0 Morgan Stanley China A Share Fund COM 617468103 2417 142854 SH OTR 1 88404 54450 0 Morgan Stanley Emerging Market Debt Fund, Inc. COM 61744H105 175 19899 SH SOLE 19899 0 0 Morgan Stanley Emerging Markets Domestic Debt Fund COM 617477104 535 70000 SH OTR 1 11400 58600 0 Morgan Stanley Emerging Markets Fund, Inc. COM 61744G107 9 716 SH SOLE 716 0 0 Morgan Stanley Income Securities Inc. INCOME SECS INC 61745P874 37 2125 SH SOLE 2125 0 0 Morgan Stanley India Investment Fund COM 61745C105 124 4967 SH SOLE 4967 0 0 MVC Capital, Inc. COM 553829102 20 2618 SH SOLE 2618 0 0 Nasdaq Premium Income & Growth Fund COM SHS 670699107 25 1348 SH SOLE 1348 0 0 National Grid PLC SPON ADR NEW 636274300 31 428 SH SOLE 428 0 0 Neuberger Berman Real Estate Securities Income Fund COM 64190A103 37 7218 SH SOLE 7218 0 0 New Germany Fund, Inc. COM 644465106 1545 109643 SH OTR 1 70535 39108 0 New Ireland Fund, Inc. COM 645673104 120 9269 SH SOLE 9269 0 0 NexPoint Credit Strategies Fund COM NEW 65340G205 2672 148018 SH OTR 1 73185 74833 0 NexPoint Residential Trust, Inc. COM 65341D102 11 833 SH SOLE 833 0 0 NextEra Energy, Inc. COM 65339F101 1460 12337 SH SOLE 12337 0 0 Nike, Inc. CL B 654106103 34 560 SH SOLE 560 0 0 Norfolk Southern Corp. COM 655844108 479 5750 SH SOLE 5750 0 0 Norwegian Cruise Line Holdings Ltd. SHS G66721104 2264 40943 SH SOLE 40943 0 0 Nuveen Connecticut Premium Income Municipal Fund COM 67060D107 85 6400 SH SOLE 6400 0 0 Nuveen Core Equity Alpha Fund COM 67090X107 63 4616 SH SOLE 4616 0 0 Nuveen Credit Strategies Income Fund COM SHS 67073D102 2300 290784 SH SOLE 290784 0 0 Nuveen Diversified Dividend and Income Fund COM 6706EP105 59 5406 SH SOLE 5406 0 0 Nuveen Dividend Advantage Municipal Fund 2 COM 67070F100 234 15757 SH SOLE 15757 0 0 Nuveen Dividend Advantage Municipal Fund 3 COM SH BEN INT 67070X101 95 6352 SH SOLE 6352 0 0 Nuveen Dividend Advantage Municipal Income Fund COM 67071L106 376 24760 SH SOLE 24760 0 0 Nuveen Flexible Investment Income Fund COM 67075B104 137 8881 SH SOLE 8881 0 0 Nuveen Global Equity Income Fund COM 6706EH103 11 1000 SH SOLE 1000 0 0 Nuveen Global High Income Fund SHS 67075G103 325 23465 SH SOLE 23465 0 0 Nuveen Intermediate Duration Quality Municipal Term Fund COM 670677103 69 5100 SH SOLE 5100 0 0 Nuveen Maryland Premium Income Municipal Fund COM 67061Q107 27 2000 SH SOLE 2000 0 0 Nuveen Multi-Market Income Fund, Inc. COM 67075J107 721 100039 SH SOLE 100039 0 0 Nuveen Municipal Advantage Fund, Inc. COM 67062H106 93 6500 SH SOLE 6500 0 0 Nuveen Municipal Market Opportunity Fund, Inc. COM 67062W103 124 8685 SH SOLE 8685 0 0 Nuveen Municipal Opportunity Fund, Inc. COM 670984103 157 10671 SH SOLE 10671 0 0 Nuveen New Jersey Dividend Advantage Municipal Fund COM 67069Y102 81 5702 SH SOLE 5702 0 0 Nuveen New York AMT-Free Municipal Income Fund COM 670656107 77 5700 SH SOLE 5700 0 0 Nuveen Quality Income Municipal Fund, Inc. COM 670977107 88 6000 SH SOLE 6000 0 0 Nuveen Quality Municipal Fund, Inc. COM 67062N103 333 23406 SH SOLE 23406 0 0 Nuveen S&P 500 Dynamic Overwrite Fund COM 6706EW100 225 16878 SH SOLE 16878 0 0 Nuveen Select Quality Municipal Fund, Inc. COM 670973106 160 10890 SH SOLE 10890 0 0 Nuveen Select Tax-Free Income Portfolio 3 SH BEN INT 67063X100 156 10500 SH SOLE 10500 0 0 Nuveen Tax-Advantaged Dividend Growth Fund COM 67073G105 117 8555 SH SOLE 8555 0 0 NXP Semiconductors NV COM N6596X109 24 302 SH SOLE 302 0 0 Occidental Petroleum Corporation COM 674599105 32 470 SH SOLE 470 0 0 Pacholder High Yield Fund, Inc. COM 693742108 140 22075 SH SOLE 22075 0 0 PCM Fund Inc. COM 69323T101 41 4309 SH SOLE 4309 0 0 Pfizer Inc. COM 717081103 38 1288 SH SOLE 1288 0 0 Philip Morris International, Inc. COM 718172109 37 377 SH SOLE 377 0 0 PIMCO Dynamic Credit Income Fund COM SHS 72202D106 3950 226485 SH OTR 1 176245 50240 0 PIMCO Enhanced Short Maturity Active ETF ENHAN SHRT MA AC 72201R833 2812 27907 SH SOLE 27907 0 0 PIMCO Income Opportunity Fund COM 72202B100 637 30704 SH OTR 1 25660 5044 0 PIMCO Income Strategy Fund COM 72201H108 723 75643 SH OTR 1 56017 19626 0 PIMCO Income Strategy Fund II COM 72201J104 286 32730 SH SOLE 32730 0 0 Pioneer Diversified High Income Trust COM 723653101 3 200 SH SOLE 200 0 0 Popular, Inc. COM NEW 733174700 830 29000 SH SOLE 29000 0 0 PriceSmart Inc. COM 741511109 85 1000 SH SOLE 1000 0 0 Prudential PLC ADR 74435K204 23 605 SH SOLE 605 0 0 Prudential Short Duration High Yield Fund, Inc. COM 74442F107 29 1891 SH SOLE 1891 0 0 Putnam High Income Securities Fund SHS BEN INT 746779107 35 4764 SH SOLE 4764 0 0 Putnam Premier Income Trust SH BEN INT 746853100 229 48242 SH SOLE 48242 0 0 Rand Capital Corp. COM 752185108 9 2000 SH SOLE 2000 0 0 RENN Global Entrepreneurs Fund, Inc. COM 759720105 29 28272 SH SOLE 28272 0 0 RMR Real Estate Income Fund COM 76970B101 2695 139646 SH OTR 1 128368 11278 0 Royal Caribbean Cruises Ltd. COM V7780T103 2868 34913 SH SOLE 34913 0 0 Royal Dutch Shell PLC SPON ADR B 780259107 1496 880 SH SOLE 880 0 0 Royce Global Value Trust, Inc. COM 78081T104 114 15509 SH SOLE 15509 0 0 Royce Micro-Cap Trust, Inc. COM 780915104 36 5204 SH SOLE 5204 0 0 Royce Value Trust Inc. COM 780910105 1797 153442 SH SOLE 153442 0 0 Salient Midstream & MLP Fund SH BEN INT 79471V105 1836 229476 SH OTR 1 113490 115986 0 Schlumberger Limited COM 806857108 27 370 SH SOLE 370 0 0 Seaboard Corp. COM 811543107 1742 580 SH SOLE 580 0 0 Seacor Holdings, Inc. COM 811904101 109 2000 SH SOLE 2000 0 0 Sensata Technologies Holding NV SHS N7902X106 21 539 SH SOLE 539 0 0 Shire PLC SPONSORED ADR 82481R106 40 233 SH SOLE 233 0 0 Simon Property Group Inc. 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