President

0001398344-19-014186.txt : 20190813 0001398344-19-014186.hdr.sgml : 20190813 20190813160917 ACCESSION NUMBER: 0001398344-19-014186 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190630 FILED AS OF DATE: 20190813 DATE AS OF CHANGE: 20190813 EFFECTIVENESS DATE: 20190813 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: 191020703 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 06-30-2019 06-30-2019 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 305-777-1660 /s/ Erik M. Herzfeld Miami Beach FL 08-13-2019 1 266 262541 1 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 fp0044171_13fhr-table.xml 13F INFORMATION TABLE ABB Ltd SPONSORED ADR 000375204 3 150 SH SOLE 150 0 0 Aberdeen Asia Pacific In Com COM 003009107 706 168966 SH SOLE 168966 0 0 Aberdeen Emerging Markets Equity Inc. COM 00301W105 246 33662 SH SOLE 33662 0 0 Aberdeen Global Dynamic Dividend Fund COM 00302M106 1557 161538 SH OTR 1 83852 77686 0 Aberdeen Japan Equity Fund Inc COM 00306J109 1678 239719 SH OTR 1 149321 90398 0 Aberdeen Total Dynamic Dividend Fund COM SH BEN INT 00326L100 2701 323864 SH OTR 1 185795 138069 0 Accenture PLC Ireland SHS CLASS A G1151C101 16 89 SH SOLE 89 0 0 Adams Diversified Equity Fund Inc COM 006212104 3632 234759 SH SOLE 234759 0 0 Adams Natural Resources Fund Inc COM 00548F105 109 6589 SH SOLE 6589 0 0 Advent Claymore Convertible Securities and Income Fund COM 00764C109 391 25954 SH SOLE 25954 0 0 Air products and Chemicals, Inc. COM 009158106 7 30 SH SOLE 30 0 0 Alcon, Inc. ORD SHS H01301128 12 192 SH SOLE 192 0 0 Alibaba Group Holding Limited SPONSORED ADS 01609W102 34 203 SH SOLE 203 0 0 Allegion PLC ORD SHS G0176J109 11 95 SH SOLE 95 0 0 AllianceBernstein National Municipal Income Fund Inc COM 01864U106 139 10311 SH SOLE 10311 0 0 AllianzGI Convertible & Income 2024 Target Term Fund COM 01883H102 174 18896 SH SOLE 18896 0 0 Alphabet Inc. CAP STK CL A 02079K305 9 8 SH SOLE 8 0 0 Amazon Com Inc COM 023135106 11 6 SH SOLE 6 0 0 Ambev SA SHS CL A 02319V103 34 7250 SH SOLE 7250 0 0 America Movil SAB de CV SPON ADR L SHS 02364W105 651 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 9 69 SH SOLE 69 0 0 American Tower Corporation COM 03027X100 6 30 SH SOLE 30 0 0 Amgen Inc COM 031162100 129 700 SH SOLE 700 0 0 Aon Plc SHS CL A G0408V102 10 53 SH SOLE 53 0 0 Apollo Tactical Income Fund Inc COM 037638103 5571 377686 SH OTR 1 246255 131431 0 Apple Inc COM 037833100 10 53 SH SOLE 53 0 0 Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 1629 107662 SH SOLE 107662 0 0 ASA Gold and Precious Metals Ltd SHS G3156P903 57 5021 SH SOLE 5021 0 0 ASML Holding N V N Y REGISTRY SHS N07059210 56 271 SH SOLE 271 0 0 Automatic Data Processing, Inc. COM 053015103 6 38 SH SOLE 38 0 0 Avianca Holdings SA SPON ADR REP PFD 05367G100 1167 300869 SH SOLE 300869 0 0 Banco Bilbao Vizcaya Argentaria SA SPONSORED ADR 05946K101 36 6523 SH SOLE 6523 0 0 Banco Bradesco S.A. SP ADR PFD 059460303 6 630 SH SOLE 630 0 0 Bancolombia SA SPON ADR PREF 05968L102 933 18280 SH SOLE 18280 0 0 Becton Dickinson & Co COM 075887109 7 27 SH SOLE 27 0 0 BHP Billiton Ltd SPONSORED ADR 088606108 12 212 SH SOLE 212 0 0 BlackRock Calif Mun Income COM SH BEN INT 09248E102 106 8000 SH SOLE 8000 0 0 Blackrock Core Bd Tr SHS BEN INT 09249E101 2025 144014 SH OTR 1 63689 80325 0 BlackRock Credit Allocation Income Trust COM 092508100 2712 209089 SH SOLE 209089 0 0 BlackRock Debt Strategies Fund COM NEW 09255R202 133 12390 SH SOLE 12390 0 0 BlackRock Enhanced Equity Dividend Trust COM 09251A104 14 1551 SH SOLE 1551 0 0 Blackrock Income Tr Inc. COM 09247F100 763 126178 SH SOLE 126178 0 0 BlackRock Muni Intermediate Duration Fund Inc COM 09253X102 762 54258 SH SOLE 54258 0 0 BlackRock Municipal 2030 Target Term Trust COM SHS BEN IN 09257P105 364 15686 SH SOLE 15686 0 0 BlackRock Munihldngs Cali QL COM 09254L107 192 14050 SH SOLE 14050 0 0 Boulder Growth & Income Fund Inc COM 101507101 11136 990709 SH OTR 1 748721 241988 0 BrandywineGLOBAL - Global Income Opportunities Fund Inc. COM 10537L104 1219 103805 SH SOLE 103805 0 0 Bristol-Myers Squibb Co COM 110122108 77 1700 SH SOLE 1700 0 0 Brookfield Global Listed Infr COM SHS 11273Q109 50 3882 SH SOLE 3882 0 0 Brookfield Real Assets Incom COM SH BEN INT 112830104 932 42985 SH OTR 1 16609 26376 0 Canadian Natural Resources Ltd COM 136385101 4 145 SH SOLE 145 0 0 Carnival Corp UNIT 99/99/9999 143658300 1234 26518 SH SOLE 26518 0 0 Cemex SAB de CV SPON ADR NEW 151290889 1317 310645 SH SOLE 310645 0 0 Central and Eastern European Fund Inc COM 153436100 49 1791 SH SOLE 1791 0 0 Central Securities Corp COM 155123102 10754 352344 SH OTR 1 272525 79819 0 China Petroleum & Chemical Corp SPON ADR H SHS 16941R108 3 51 SH SOLE 51 0 0 Chubb Ltd COM H1467J104 13 90 SH SOLE 90 0 0 Clearbridge MLP and Midstrm COM 184692101 654 54769 SH SOLE 54769 0 0 Coca Cola European Partners SHS G25839104 13 235 SH SOLE 235 0 0 Consolidated Water Co Ltd ORD G23773107 1735 121638 SH SOLE 121638 0 0 Copa Holdings SA CL A P31076105 2368 24273 SH SOLE 24273 0 0 Cornerstone Strategic Value Fund Inc COM 21924B302 10735 922253 SH OTR 1 718415 203838 0 Cornerstone Total Rtrn Fd In COM 21924U300 4118 363804 SH SOLE 363804 0 0 CyberArk Software Ltd. SHS M2682V108 9 69 SH SOLE 69 0 0 Delaware Investments Minnesota Municipal Income Fund II Inc COM 24610V103 153 11884 SH SOLE 11884 0 0 Diageo PLC SPON ADR NEW 25243Q205 29 168 SH SOLE 168 0 0 Doubleline Opportunitic Cr COM 258623107 1 56 SH SOLE 56 0 0 Dreyfus Mun Income Inc COM 05589T104 43 5000 SH SOLE 5000 0 0 Duff & Phelps Util Copr COM 26432K108 684 78189 SH SOLE 78189 0 0 Eaton Vance Calif Mun Bd Fd COM 27828A100 101 9120 SH SOLE 9120 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 179 14447 SH SOLE 14447 0 0 Eaton Vance Enh Eqty Inc. COM 278277108 41 2396 SH SOLE 2396 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 6617 523084 SH OTR 1 347579 175505 0 Eaton Vance Mun Bd Fd COM 27827X101 215 17313 SH SOLE 17313 0 0 Eaton Vance Muni Income Trust SH BEN INT 27826U108 140 11241 SH SOLE 11241 0 0 Eaton Vance Short Duration Diversified Income Fund COM 27828V104 840 62060 SH SOLE 62060 0 0 Eaton Vance Tax Adv Bd Opt S COM SH BEN INT 27829M103 151 16009 SH SOLE 16009 0 0 Eli Lilly & Co COM 532457108 66 600 SH SOLE 600 0 0 Embraer S A SP ADR REP 4 COM 29082A107 7 330 SH SOLE 330 0 0 Empire State Realty Trust Inc CL A 292104106 946 63894 SH SOLE 63894 0 0 Equinix Inc COM PAR $0.001 29444U700 37 73 SH SOLE 73 0 0 Era Group Inc COM 26885G109 112 13474 SH SOLE 13474 0 0 EVERTEC Inc COM 30040P103 554 16956 SH SOLE 16956 0 0 Exxon Mobil Corp COM 30231G102 6 73 SH SOLE 73 0 0 First BanCorp/Puerto Rico COM NEW 318672706 2920 264477 SH SOLE 264477 0 0 First Tr Inter Dur Pfd & In COM 33718W103 22 969 SH SOLE 969 0 0 First Trust Aberdeen Global Opportunity Income Fund COM SHS 337319107 442 42454 SH SOLE 42454 0 0 First Trust Energy Infrastructure Fund COM 33738C103 1082 67884 SH SOLE 67884 0 0 First Trust Mortgage Income Fund COM SHS 33734E103 321 23002 SH SOLE 23002 0 0 Firsthand Technology Value Fund, Inc. COM 33766Y100 678 72817 SH SOLE 72817 0 0 Flaherty & Crumine Total Return COM 338479108 88 4361 SH SOLE 4361 0 0 Flaherty & Crumrine Dynamic Preferred and Income Fund SHS 33848W106 20 815 SH SOLE 815 0 0 Fomento Economico Mexicano SAB de CV SPON ADR UNITS 344419106 1457 15055 SH SOLE 15055 0 0 Franklin Unvl Tr SH BEN INT 355145103 347 47377 SH OTR 1 32074 15303 0 Fresh Del Monte Produce Inc ORD G36738105 1145 42500 SH SOLE 42500 0 0 Gabelli Equity Trust Inc COM 362397101 33 5316 SH SOLE 5316 0 0 General American Investors Co Inc COM 368802104 5848 164786 SH OTR 1 121315 43471 0 Great Elm Cap Corp COM 390320109 1362 156580 SH SOLE 156580 0 0 Grupo Aeroportuario del Sureste SAB de CV SPON ADR SER B 40051E202 1070 6600 SH SOLE 6600 0 0 Grupo Televisa SAB SPON ADR REP ORD 40049J206 240 28400 SH SOLE 28400 0 0 GW Pharmaceuticals PLC ADS 36197T103 6 32 SH SOLE 32 0 0 HDFC Bank Ltd SPONSORED ADS 40415F101 8 65 SH SOLE 65 0 0 Highland Floating Rate Opportunities Fund SHS BEN INT 43010E404 13032 941590 SH OTR 1 742053 199537 0 HIS Markit Ltd SHS G47567105 15 237 SH SOLE 237 0 0 Incyte Corp COM 45337C102 21 242 SH SOLE 242 0 0 Ingersoll-Rand Plc SHS G47791101 10 78 SH SOLE 78 0 0 Inovio Pharmaceuticals Inc COM NEW 45773H201 15 5000 SH SOLE 5000 0 0 Intuit COM 461202103 8 30 SH SOLE 30 0 0 Invesco Dynamic Credit Opportunities Fund COM 46132R104 1043 93259 SH SOLE 93259 0 0 Invesco Exchng Traded Fd Tr CEF INM COMPSI 46138E404 195 8635 SH SOLE 8635 0 0 Invesco Municipal Opportunity Trust COM 46132C107 285 23131 SH SOLE 23131 0 0 Invesco QQQ Tr UNIT SER 1 46090E103 50 270 SH SOLE 270 0 0 Invesco Senior Income Trust COM 46131H107 2139 495180 SH SOLE 495180 0 0 iShares Nasdaq Biotechnology ETF NASDAQ BIOTECH 464287556 606 5550 SH SOLE 5550 0 0 iShares TIPS Bond ETF TIPS BD ETF 464287176 47 410 SH SOLE 410 0 0 Ishares Tr SHORT TREAS BD 464288679 8450 76368 SH SOLE 76368 0 0 Ishares Tr 13 Yr 1 3 YR TREAS BD 464287457 1543 18200 SH SOLE 18200 0 0 Ishares Tr Short Term SHRT NAT MUN ETF 464288158 293 2748 SH SOLE 2748 0 0 iShares U.S. Medical Devices ETF U.S. MED DVC ETF 464288810 740 3075 SH SOLE 3075 0 0 iShares US Preferred Stock ETF PFD AND INCM SEC 464288687 74 2000 SH SOLE 2000 0 0 Itau Unibanco Holding S.A. SPON ADR REP PFD 465562106 20 2104 SH SOLE 2104 0 0 Ivy High Income Opportunities Fund COM 465893105 284 20950 SH SOLE 20950 0 0 Japan Smaller Capitalization Fund Inc COM 47109U104 509 59869 SH OTR 1 34459 25410 0 JPMorgan Chase & Co COM 46625H100 14 121 SH SOLE 121 0 0 Kaixin Auto Holdings SHS G5223X100 18 8000 SH SOLE 8000 0 0 Karyopharm Therapeutics Inc COM 48576U106 9 1500 SH SOLE 1500 0 0 Kayne Anderson Midstream/Energy Fund Inc COM 48661E108 1831 158082 SH OTR 1 90414 67668 0 Kayne Anderson MLP Investment Company COM 486606106 1927 125850 SH OTR 1 67969 57881 0 Koninklijke Philips NV NY REG SH NEW 500472303 10 234 SH SOLE 234 0 0 Lennar Corp CL A 526057104 2302 47500 SH SOLE 47500 0 0 Liberty All Star Equity Fund SH BEN INT 530158104 29 4493 SH SOLE 4493 0 0 Liberty All Star Growth Fund Inc COM 529900102 155 26680 SH SOLE 26680 0 0 LivaNova PLC SHS G5509L101 599 8330 SH SOLE 8330 0 0 Lululemon Athletica Inc COM 550021109 11 60 SH SOLE 60 0 0 Macquarie Global Infrastructure Total Return Fund Inc COM 55608D101 168 7082 SH SOLE 7082 0 0 Marriott Vacations Worldwide Corp COM 57164Y107 1614 16745 SH SOLE 16745 0 0 Martin Marietta Materials Inc COM 573284106 690 3000 SH SOLE 3000 0 0 MasTec Inc COM 576323109 5787 112297 SH SOLE 112297 0 0 McDonald's Corp COM 580135101 10 50 SH SOLE 50 0 0 Merck & Co Inc COM 58933Y105 229 2726 SH SOLE 2726 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 951 99369 SH SOLE 99369 0 0 MFS Municipal Income Trust SH BEN INT 552738106 170 24378 SH SOLE 24378 0 0 Microsoft Corp COM 594918104 19 144 SH SOLE 144 0 0 Morgan Stanley India Investment Fund Inc COM 61745C105 1146 54645 SH OTR 1 4645 50000 0 Neuberger Berman MLP Income Fund Inc COM 64129H104 878 116964 SH SOLE 116964 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 83 SH SOLE 83 0 0 NexPoint Credit Strategies Fund COM NEW 65340G205 26672 1409741 SH OTR 1 958858 450883 0 NextEra Energy Inc COM 65339F101 1239 6049 SH SOLE 6049 0 0 Northrop Grumman Corporation COM 666807102 6 20 SH SOLE 20 0 0 Norwegian Cruise Line Holdings Ltd SHS G66721104 3054 56944 SH SOLE 56944 0 0 Novartis AG SPONSORED ADR 66987V109 123 1350 SH SOLE 1350 0 0 Nuveen All Cap Ene MLP Oppo COM 67075E108 128 20729 SH SOLE 20729 0 0 Nuveen AMT-Free Quality Municipal Income Fund COM 670657105 620 44859 SH SOLE 44859 0 0 Nuveen California Amt Qlt Mu COM 670651108 146 10000 SH SOLE 10000 0 0 Nuveen Core Equity Alpha Fund COM 67090X107 36 2564 SH SOLE 2564 0 0 Nuveen Credit Strategies Income Fund COM SHS 67073D102 11895 1501875 SH OTR 1 1170932 330943 0 Nuveen Floating Rate Income Opportunity Fund COM SHS 6706EN100 3167 325167 SH OTR 1 194567 130600 0 Nuveen Massachusets Qlt Mun COM 67061E104 39 2983 SH SOLE 2983 0 0 Nuveen Multi-Market Income Fund Inc COM 67075J107 625 85307 SH SOLE 85307 0 0 Nuveen NASDAQ 100 Dynamic Overwrite Fund COM SHS 670699107 38 1693 SH SOLE 1693 0 0 Nuveen New Jersey Quality Municipal Income Fund COM 67069Y102 91 6456 SH SOLE 6456 0 0 Nuveen Pfd & Income Term Fd COM 67075A106 106 4456 SH SOLE 4456 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 100 5882 SH SOLE 5882 0 0 Nuveen Select Tax-Free Income 2 Portfolio SH BEN INT 67063C106 284 19746 SH SOLE 19746 0 0 Nuveen Select Tax-Free Income 3 Portfolio SH BEN INT 67063X100 426 27588 SH SOLE 27588 0 0 Nuveen Select Tax-Free Income Portfolio SH BEN INT 67062F100 82 5386 SH SOLE 5386 0 0 OFS Credit Company Inc COM 67111Q107 5531 308295 SH OTR 1 264443 43852 0 Orange S.A. SPONSORED ADR 684060106 8 483 SH SOLE 483 0 0 Oxford Square Capital Corp. COM 69181V107 895 139799 SH SOLE 139799 0 0 PepsiCo, Inc. COM 713448108 9 72 SH SOLE 72 0 0 Pfizer Inc COM 717081103 8 184 SH SOLE 184 0 0 PGIM Global Short Duration High Yield Fund, Inc. COM 69346J106 6020 416641 SH OTR 1 333959 82682 0 PGIM Short Duration High Yield Fund, Inc. COM 69346H100 6825 466519 SH OTR 1 323330 143189 0 PGT Innovations Inc COM 69336V101 1006 60170 SH SOLE 60170 0 0 PIMCO California Municipal Income Fund II COM 72200M108 44 4600 SH SOLE 4600 0 0 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ENHAN SHRT MA AC 72201R833 1939 19052 SH SOLE 19052 0 0 PIMCO ETF Tr SHTRM MUN BD ACT 72201R874 1115 22038 SH SOLE 22038 0 0 PIMCO Global StocksPLS Inc. COM 722011103 58 4657 SH SOLE 4657 0 0 Pimco New York Municipal Income Fund II COM 72200Y102 152 13055 SH SOLE 13055 0 0 Pioneer Municipal High Income Advantage Trust COM 723762100 524 48751 SH SOLE 48751 0 0 Pioneer Municipal High Income Trust COM SHS 723763108 248 20348 SH SOLE 20348 0 0 Popular Inc COM NEW 733174700 2996 55230 SH SOLE 55230 0 0 Principal Real Estate Income Fund SHS BEN INT 74255X104 271 14222 SH SOLE 14222 0 0 ProShares Short VIX Short-Term Futures ETF SHT VIX ST TRM 74347W130 6 110 SH SOLE 110 0 0 Prudential PLC ADR 74435K204 9 216 SH SOLE 216 0 0 PTC Inc. COM 69370C100 21 239 SH SOLE 239 0 0 Raytheon Co COM NEW 755111507 7 43 SH SOLE 43 0 0 RELX Plc SPONSORED ADR 759530108 8 321 SH SOLE 321 0 0 Rivernorth Doubleline Strate COM 76882G107 5 300 SH SOLE 300 0 0 Rivernorth Opportunistic Mun COM 76883F108 124 5816 SH SOLE 5816 0 0 RMR Real Estate Income Fund COM 76970B101 1781 97152 SH OTR 1 63448 33704 0 Rogers Communications Inc CL B 775109200 55 1020 SH SOLE 1020 0 0 Royal Bk Cda Montreal Que COM 780087102 7 94 SH SOLE 94 0 0 Royal Caribbean Cruises Ltd COM V7780T103 3785 31229 SH SOLE 31229 0 0 Royal Dutch Shell PLC SPON ADR B 780259107 795 308 SH SOLE 308 0 0 Royce Value Trust Inc COM 780910105 176 12645 SH SOLE 12645 0 0 Salient Midstream & MLP Fund SH BEN INT 79471V105 1321 153746 SH OTR 1 56100 97646 0 Sangamo Therapeutics, Inc. COM 800677106 54 5000 SH SOLE 5000 0 0 Sanofi SPONSORED ADR 80105N105 6 135 SH SOLE 135 0 0 SAP SE SPON ADR 803054204 10 76 SH SOLE 76 0 0 Sea Limited ADR 81141R100 20 614 SH SOLE 614 0 0 Seaboard Corp COM 811543107 720 174 SH SOLE 174 0 0 Simon Property Group Inc COM 828806109 6 36 SH SOLE 36 0 0 SK Telecom Co Ltd SPONSORED ADR 78440P108 4 153 SH SOLE 153 0 0 Sony Corp SPONSORED ADR 835699307 79 1512 SH SOLE 1512 0 0 Source Capital Inc COM 836144105 1928 52731 SH OTR 1 31848 20883 0 SPDR S&P 500 ETF Tr TR UNIT 78462F103 64 220 SH SOLE 220 0 0 SPDR S&P MidCap 400 ETF Tr UTSER1 S&PDCRP 78467Y107 53 150 SH SOLE 150 0 0 SPDR Ser Tr SPDR BLOOMBERG 78468R663 1000 10919 SH SOLE 10919 0 0 Sprott Physical Gold and Silver Trust TR UNIT 85208R101 106 8000 SH SOLE 8000 0 0 Stryker Corporation COM 863667101 9 43 SH SOLE 43 0 0 Suncor Energy Inc COM 867224107 16 513 SH SOLE 513 0 0 Taiwan Semiconductor Manufacturing Company Limited SPONSORED ADR 874039100 6 148 SH SOLE 148 0 0 Takeda Pharmaceutical Co Ltd SPONSORED ADR 874060205 78 4396 SH SOLE 4396 0 0 TCW Strategic Income Fund Inc COM 872340104 12 2000 SH SOLE 2000 0 0 Templeton Dragon Fund Inc COM 88018T101 25 1300 SH SOLE 1300 0 0 The China Fund Inc COM 169373107 27 1343 SH SOLE 1343 0 0 The Cushing MLP Total Return Fund COM NEW 231631201 9 889 SH SOLE 889 0 0 The European Equity Fund Inc COM 298768102 152 17189 SH SOLE 17189 0 0 The Gabelli Dividend & Income Trust COM 36242H104 64 2966 SH SOLE 2966 0 0 The GDL Fund COM SH BEN IT 361570104 40 4309 SH SOLE 4309 0 0 The Herzfeld Caribbean Basin Fund Inc COM 42804T106 6671 1049144 SH DFND 681640 367504 0 The Home Depot Inc COM 437076102 11 52 SH SOLE 52 0 0 The India Fund Inc COM 454089103 1503 70651 SH OTR 1 44864 25787 0 The Korea Fund Inc COM NEW 500634209 79 2745 SH SOLE 2745 0 0 The Mexico Equity & Income Fund Inc COM 592834105 192 17270 SH SOLE 17270 0 0 The New Germany Fund Inc COM 644465106 1783 125398 SH OTR 1 38612 86786 0 The New Ireland Fund Inc COM 645673104 5 546 SH SOLE 546 0 0 The PNC Financial Services Group Inc COM 693475105 6 47 SH SOLE 47 0 0 The Taiwan Fund Inc COM 874036106 1993 117553 SH OTR 1 33337 84216 0 The Toronto-Dominion Bank COM NEW 891160509 15 255 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 11 82 SH SOLE 82 0 0 TJX Cos Inc COM 872540109 6 116 SH SOLE 116 0 0 Tortoise Pipeline & Energy Fund Inc COM 89148H108 1123 78117 SH OTR 1 42009 36108 0 Tortoise Power and Energy Infrastructure Fund Inc COM 89147X104 2051 111898 SH OTR 1 51556 60342 0 Total S.A. SPONSORED ADR 89151E109 8 143 SH SOLE 143 0 0 Tri-Continental Corp COM 895436103 100 3700 SH SOLE 3700 0 0 Unilever N.V. N Y SHS NEW 904784709 16 257 SH SOLE 257 0 0 United States Oil Fund LP UNITS 91232N108 12 1000 SH SOLE 1000 0 0 United Technologies Corp COM 913017109 10 78 SH SOLE 78 0 0 UnitedHealth Group Inc COM 91324P102 63 257 SH SOLE 257 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 79 3039 SH SOLE 3039 0 0 Verizon Communications Inc COM 92343V104 5 80 SH SOLE 80 0 0 Viacom Inc. 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COM 94106L109 7 59 SH SOLE 59 0 0 Watsco Inc COM 942622200 981 6000 SH SOLE 6000 0 0 Western Assest Intm Muni Fd COM 958435109 111 12417 SH SOLE 12417 0 0 Western Asset Emrg Mkt Debt COM 95766A101 55 3811 SH SOLE 3811 0 0 Western Asset High Incm Fd COM 95766J102 174 24805 SH SOLE 24805 0 0 Western Asset Mun Hi Incm Fd COM 95766N103 646 85277 SH SOLE 85277 0 0 Western Asset Variable Rate COM 957667108 16 982 SH SOLE 982 0 0 Western Asset/Claymore Inflation-Linked Opportunities & Income Fund COM 95766R104 286 25585 SH SOLE 25585 0 0 Western Asset/Claymore Inflation-Linked Securities & Income Fund COM SH BEN INT 95766Q106 293 25140 SH SOLE 25140 0 0 Wix Com Ltd SHS M98068105 7 52 SH SOLE 52 0 0 Zoetis Inc. CL A 98978V103 10 91 SH SOLE 91 0 0