President

0001398344-18-016530.txt : 20181114 0001398344-18-016530.hdr.sgml : 20181114 20181114130221 ACCESSION NUMBER: 0001398344-18-016530 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181114 DATE AS OF CHANGE: 20181114 EFFECTIVENESS DATE: 20181114 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: 181182223 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 09-30-2018 09-30-2018 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 11-13-2018 1 277 281969 1 0000019481 028-00085 Virtus Investment Advisers, Inc. INFORMATION TABLE 2 fp0037127_13fhr-table.xml 13F INFORMATION TABLE 3M Co COM 88579Y101 6 29 SH SOLE 29 0 0 ABB Ltd SPONSORED ADR 000375204 5 226 SH SOLE 226 0 0 Aberdeen Emerging Markets Equity Inc. COM 00301W105 1893 275917 SH OTR 1 185084 90833 0 Aberdeen Global Dynamic Dividend Fund COM 00302M106 2389 231029 SH OTR 1 134973 96056 0 Aberdeen Japan Equity Fund Inc COM 00306J109 2400 286101 SH OTR 1 193708 92393 0 Aberdeen Total Dynamic Dividend Fund COM SH BEN INT 00326L100 6580 749443 SH OTR 1 531212 218231 0 Accenture PLC Ireland SHS CLASS A G1151C101 7 43 SH SOLE 43 0 0 Adams Diversified Equity Fund Inc COM 006212104 4001 240035 SH SOLE 240035 0 0 Adams Natural Resources Fund Inc COM 00548F105 2704 135601 SH OTR 1 11039 124562 0 Advent Claymore Convertible Securities and Income Fund COM 00764C109 187 11915 SH SOLE 11915 0 0 Alibaba Group Holding Limited SPONSORED ADS 01609W102 10 60 SH SOLE 60 0 0 Allegion PLC ORD SHS G0176J109 7 75 SH SOLE 75 0 0 Alliance California Municipal Income Fund Inc COM 018546101 103 7615 SH SOLE 7615 0 0 AllianceBernstein National Municipal Income Fund Inc COM 01864U106 130 10507 SH SOLE 10507 0 0 AllianzGI Convertible & Income 2024 Target Term Fund COM 01883H102 490 53225 SH SOLE 53225 0 0 AllianzGI NFJ Dividend Interest & Premium Strategy Fund COM 01883A107 1708 130386 SH OTR 1 80 130306 0 Altaba Inc COM 021346101 111 1633 SH SOLE 1633 0 0 America Movil SAB de CV SPON ADR L SHS 02364W105 718 44690 SH SOLE 44690 0 0 American Electric Power Co Inc COM 025537101 6 83 SH SOLE 83 0 0 American Express Co COM 025816109 9 87 SH SOLE 87 0 0 Amgen Inc COM 031162100 145 700 SH SOLE 700 0 0 Apollo Tactical Income Fund Inc COM 037638103 5423 349187 SH OTR 1 240299 108888 0 Apple Inc COM 037833100 14 64 SH SOLE 64 0 0 Ares Dynamic Credit Allocation Fund, Inc. COM 04014F102 1012 65154 SH SOLE 65154 0 0 ASA Gold and Precious Metals Ltd SHS G3156P103 44 5010 SH SOLE 5010 0 0 ASML Holding N V N Y REGISTRY SHS N07059210 6 30 SH SOLE 30 0 0 ATN International Inc COM 00215F107 378 5116 SH SOLE 5116 0 0 Automatic Data Processing, Inc. COM 053015103 7 44 SH SOLE 44 0 0 Avianca Holdings SA SPON ADR REP PFD 05367G100 1245 221569 SH SOLE 221569 0 0 Baidu Inc SPON ADR REP A 056752108 46 201 SH SOLE 201 0 0 Banco Bilbao Vizcaya Argentaria SA SPONSORED ADR 05946K101 32 5143 SH SOLE 5143 0 0 Banco Bradesco S.A. SP ADR PFD 059460303 5 682 SH SOLE 682 0 0 Bancolombia SA SPON ADR PREF 05968L102 825 19780 SH SOLE 19780 0 0 BHP Billiton Ltd SPONSORED ADR 088606108 7 140 SH SOLE 140 0 0 BioMarin Pharmaceutical Inc COM 09061G101 20 205 SH SOLE 205 0 0 BlackRock Credit Allocation Income Trust COM 092508100 16 1301 SH SOLE 1301 0 0 BlackRock Debt Strategies Fund COM NEW 09255R202 157 14095 SH SOLE 14095 0 0 BlackRock Enhanced Equity Dividend Trust COM 09251A104 38 3977 SH SOLE 3977 0 0 BlackRock Long-Term Municipal Advantage Trust COM 09250B103 98 8685 SH SOLE 8685 0 0 BlackRock Maryland Municipal Bond Trust COM 09249L105 224 16260 SH SOLE 16260 0 0 BlackRock Muni Intermediate Duration Fund Inc COM 09253X102 60 4590 SH SOLE 4590 0 0 BlackRock Muni New York Intermediate Duration Fund Inc COM 09255F109 1 100 SH SOLE 100 0 0 BlackRock Municipal 2030 Target Term Trust COM SHS BEN IN 09257P105 108 5231 SH SOLE 5231 0 0 Boulder Growth & Income Fund Inc COM 101507101 12116 1080839 SH OTR 1 768216 312623 0 BrandywineGLOBAL - Global Income Opportunities Fund Inc. COM 10537L104 40 3659 SH SOLE 3659 0 0 Bristol-Myers Squibb Co COM 110122108 106 1700 SH SOLE 1700 0 0 British American Tobacco PLC SPONSORED ADR 110448107 18 394 SH SOLE 394 0 0 Canadian Natural Resources Ltd COM 136385101 7 211 SH SOLE 211 0 0 Carnival Corp UNIT 99/99/9999 143658300 1245 19518 SH SOLE 19518 0 0 Celgene Corp COM 151020104 27 300 SH SOLE 300 0 0 Cemex SAB de CV SPON ADR NEW 151290889 2192 311397 SH SOLE 311397 0 0 Central and Eastern European Fund Inc COM 153436100 43 1783 SH SOLE 1783 0 0 Central Securities Corp COM 155123102 13922 471937 SH OTR 1 318302 153635 0 China Petroleum & Chemical Corp SPON ADR H SHS 16941R108 7 70 SH SOLE 70 0 0 Chubb Ltd COM H1467J104 8 63 SH SOLE 63 0 0 ClearBridge American Energy MLP Fund Inc COM 184691103 60 7666 SH SOLE 7666 0 0 ClearBridge Energy MLP Total Return Fund Inc COM 18469Q108 123 10788 SH SOLE 10788 0 0 Coca-Cola European Partners PLC SHS G25839104 10 230 SH SOLE 230 0 0 Cohen & Steers MLP Income and Energy Opportunity Fund Inc COM SHS 19249B106 909 87044 SH SOLE 87044 0 0 Consolidated Water Co Ltd ORD G23773107 1685 121638 SH SOLE 121638 0 0 Copa Holdings SA CL A P31076105 1946 24373 SH SOLE 24373 0 0 Cornerstone Strategic Value Fund Inc COM 21924B302 172 12315 SH SOLE 12315 0 0 Credit Suisse Asset Management Income Fund Inc COM 224916106 556 175459 SH SOLE 175459 0 0 Credit Suisse Group AG SPONSORED ADR 225401108 7 477 SH SOLE 477 0 0 Ctrip.com International Ltd AMERICAN DEP SHS 22943F100 5 123 SH SOLE 123 0 0 Delaware Investments Minnesota Municipal Income Fund II Inc COM 24610V103 51 4272 SH SOLE 4272 0 0 Deutsche Municipal Income Trust COM 233368109 136 13000 SH SOLE 13000 0 0 Diageo PLC SPON ADR NEW 25243Q205 39 276 SH SOLE 276 0 0 DowDuPont Inc COM 26078J100 7 116 SH SOLE 116 0 0 Dreyfus Municipal Bond Infrastructure Fund Inc SHS 26203D101 72 5776 SH SOLE 5776 0 0 Dreyfus Strategic Municipals, Inc. COM 261932107 225 30000 SH SOLE 30000 0 0 Eagle Point Credit Co Inc COM 269808101 11982 669370 SH OTR 1 525434 143936 0 Eaton Vance California Municipal Bond Fund II COM 27828C106 40 3880 SH SOLE 3880 0 0 Eaton Vance California Municipal Income Trust SH BEN INT 27826F101 159 14171 SH SOLE 14171 0 0 Eaton Vance Limited Duration Income Fund COM 27828H105 1526 120378 SH SOLE 120378 0 0 Eaton Vance Ohio Municipal Income Trust SH BEN INT 27826G109 101 8200 SH SOLE 8200 0 0 Eaton Vance Short Duration Diversified Income Fund COM 27828V104 766 59358 SH SOLE 59358 0 0 Eli Lilly & Co COM 532457108 64 600 SH SOLE 600 0 0 Embraer S A SP ADR REP 4 COM 29082A107 7 337 SH SOLE 337 0 0 Empire State Realty Trust Inc CL A 292104106 812 48894 SH SOLE 48894 0 0 Enzo Biochem Inc COM 294100102 52 12629 SH SOLE 12629 0 0 Equinix Inc COM PAR $0.001 29444U700 26 60 SH SOLE 60 0 0 Equus Total Return Inc COM 294766100 78 39150 SH SOLE 39150 0 0 Era Group Inc COM 26885G109 166 13474 SH SOLE 13474 0 0 EVERTEC Inc COM 30040P103 515 21356 SH SOLE 21356 0 0 Exxon Mobil Corp COM 30231G102 6 73 SH SOLE 73 0 0 Fiduciary/Claymore MLP Opportunity Fund COM 31647Q106 2802 229459 SH SOLE 229459 0 0 First BanCorp/Puerto Rico COM NEW 318672706 2549 280077 SH SOLE 280077 0 0 First Trust Energy Infrastructure Fund COM 33738C103 889 56461 SH SOLE 56461 0 0 First Trust High Income Long/Short Fund COM 33738E109 2220 150509 SH SOLE 150509 0 0 First Trust Mortgage Income Fund COM SHS 33734E103 285 21246 SH SOLE 21246 0 0 Firsthand Technology Value Fund, Inc. COM 33766Y100 391 23078 SH SOLE 23078 0 0 Fomento Economico Mexicano SAB de CV SPON ADR UNITS 344419106 1473 14882 SH SOLE 14882 0 0 Fortress Biotech Inc COM 34960Q109 4 2749 SH SOLE 2749 0 0 Fresh Del Monte Produce Inc ORD G36738105 1440 42500 SH SOLE 42500 0 0 Gabelli Equity Trust Inc COM 362397101 32 4897 SH SOLE 4897 0 0 General American Investors Co Inc COM 368802104 6837 184920 SH OTR 1 142140 42780 0 General Electric Co COM 369604103 30 2663 SH SOLE 2663 0 0 Goldman Sachs MLP Income Opportunities Fund COM SHS 38147W103 28 3051 SH SOLE 3051 0 0 Grupo Aeroportuario del Sureste SAB de CV SPON ADR SER B 40051E202 1354 6600 SH SOLE 6600 0 0 Grupo Televisa SAB SPON ADR REP ORD 40049J206 504 28400 SH SOLE 28400 0 0 GW Pharmaceuticals PLC ADS 36197T103 7 41 SH SOLE 41 0 0 Highland Floating Rate Opportunities Fund SHS BEN INT 43010E404 143 9259 SH SOLE 9259 0 0 Home BancShares Inc COM 436893200 622 28416 SH SOLE 28416 0 0 HSBC Holdings plc SPON ADR 404280406 5 124 SH SOLE 124 0 0 ICICI Bank Ltd ADR 45104G104 41 4771 SH SOLE 4771 0 0 Incyte Corp COM 45337C102 17 242 SH SOLE 242 0 0 ING Groep NV SPONSORED ADR 456837103 7 578 SH SOLE 578 0 0 Inovio Pharmaceuticals Inc COM NEW 45773H201 28 5000 SH SOLE 5000 0 0 International Business Machines Corp COM 459200101 8 50 SH SOLE 50 0 0 Intuit COM 461202103 6 26 SH SOLE 26 0 0 Invesco Dynamic Credit Opportunities Fund COM 46132R104 1524 132906 SH SOLE 132906 0 0 Invesco Municipal Opportunity Trust COM 46132C107 228 19900 SH SOLE 19900 0 0 Invesco Senior Income Trust COM 46131H107 2084 484711 SH SOLE 484711 0 0 iShares Floating Rate Bond ETF FLTG RATE NT ETF 46429B655 8155 159830 SH OTR 1 139830 20000 0 iShares Nasdaq Biotechnology ETF NASDAQ BIOTECH 464287556 622 5100 SH SOLE 5100 0 0 iShares Short Maturity Bond ETF SHT MAT BD ETF 46431W507 135 2700 SH SOLE 2700 0 0 iShares TIPS Bond ETF TIPS BD ETF 464287176 45 410 SH SOLE 410 0 0 iShares U.S. Medical Devices ETF U.S. MED DVC ETF 464288810 648 2850 SH SOLE 2850 0 0 Itau Unibanco Holding S.A. SPON ADR REP PFD 465562106 27 2477 SH SOLE 2477 0 0 Ivy High Income Opportunities Fund COM 465893105 405 28424 SH SOLE 28424 0 0 Japan Smaller Capitalization Fund Inc COM 47109U104 1663 150232 SH OTR 1 60065 90167 0 Johnson & Johnson COM 478160104 8 59 SH SOLE 59 0 0 JPMorgan Chase & Co COM 46625H100 11 98 SH SOLE 98 0 0 Jupai Holdings Limited COM 67073B106 176 18975 SH SOLE 18975 0 0 Karyopharm Therapeutics Inc COM 48576U106 26 1500 SH SOLE 1500 0 0 Kayne Anderson Midstream/Energy Fund Inc COM 48661E108 3275 255876 SH OTR 1 154875 101001 0 Kayne Anderson MLP Investment Company COM 486606106 1334 74740 SH OTR 1 16859 57881 0 KKR Income Opportunities Fund COM 48249T106 592 36096 SH SOLE 36096 0 0 Koninklijke Philips NV NY REG SH NEW 500472303 11 231 SH SOLE 231 0 0 Lennar Corp CL A 526057104 2311 49500 SH SOLE 49500 0 0 Liberty All Star Equity Fund SH BEN INT 530158104 29 4258 SH SOLE 4258 0 0 Liberty All Star Growth Fund Inc COM 529900102 31 4813 SH SOLE 4813 0 0 LivaNova PLC SHS G5509L101 1033 8330 SH SOLE 8330 0 0 Macquarie Global Infrastructure Total Return Fund Inc COM 55608D101 108 5086 SH SOLE 5086 0 0 MainStay DefinedTerm Municipal Opportunities Fund COM 56064K100 88 4463 SH SOLE 4463 0 0 Manning & Napier Inc CL A 56382Q102 30 10000 SH SOLE 10000 0 0 Marriott Vacations Worldwide Corp COM 57164Y107 1648 14745 SH SOLE 14745 0 0 Martin Marietta Materials Inc COM 573284106 546 3000 SH SOLE 3000 0 0 MasTec Inc COM 576323109 5237 117297 SH SOLE 117297 0 0 McDonald's Corp COM 580135101 11 66 SH SOLE 66 0 0 Melco Resorts & Entertainment Ltd ADR 585464100 8 389 SH SOLE 389 0 0 Merck & Co Inc COM 58933Y105 142 2000 SH SOLE 2000 0 0 MFS High Income Municipal Trust SH BEN INT 59318D104 175 35467 SH SOLE 35467 0 0 MFS High Yield Municipal Trust SH BEN INT 59318E102 50 11077 SH SOLE 11077 0 0 MFS Investment Grade Municipal Trust SH BEN INT 59318B108 945 105310 SH SOLE 105310 0 0 MFS Municipal Income Trust SH BEN INT 552738106 300 46255 SH SOLE 46255 0 0 Microsoft Corp COM 594918104 14 121 SH SOLE 121 0 0 Mitsubishi UFJ Financial Group Inc SPONSORED ADS 606822104 9 1477 SH SOLE 1477 0 0 Morgan Stanley Asia-Pacific Fund Inc COM 61744U106 25 1502 SH SOLE 1502 0 0 Morgan Stanley Emerging Markets Fund Inc COM 61744G107 11 716 SH SOLE 716 0 0 Morgan Stanley India Investment Fund Inc COM 61745C105 1259 53674 SH OTR 1 3674 50000 0 MVC Capital Inc COM 553829102 13 1359 SH SOLE 1359 0 0 Neuberger Berman MLP Income Fund Inc COM 64129H104 1888 217296 SH SOLE 217296 0 0 New Oriental Education & Technology Group Inc SPON ADR 647581107 10 132 SH SOLE 132 0 0 NexPoint Credit Strategies Fund COM NEW 65340G205 18338 818672 SH OTR 1 575913 242759 0 NextEra Energy Inc COM 65339F101 1014 6051 SH SOLE 6051 0 0 Northrop Grumman Corporation COM 666807102 7 22 SH SOLE 22 0 0 Norwegian Cruise Line Holdings Ltd SHS G66721104 3270 56944 SH SOLE 56944 0 0 Novartis AG SPONSORED ADR 66987V109 43 500 SH SOLE 500 0 0 NuStar Energy L.P. COM 67067Y104 9 1400 SH SOLE 1400 0 0 Nuveen AMT-Free Quality Municipal Income Fund COM 670657105 83 6553 SH SOLE 6553 0 0 Nuveen California Quality Municipal Income Fund COM 67066Y105 1986 153485 SH SOLE 153485 0 0 Nuveen Core Equity Alpha Fund COM 67090X107 38 2419 SH SOLE 2419 0 0 Nuveen Credit Strategies Income Fund COM SHS 67073D102 5813 729387 SH OTR 1 566044 163343 0 Nuveen Floating Rate Income Fund COM 67072T108 747 71857 SH SOLE 71857 0 0 Nuveen Floating Rate Income Opportunity Fund COM SHS 6706EN100 2915 282734 SH OTR 1 152134 130600 0 Nuveen Global High Income Fund SHS 67075G103 138 8839 SH SOLE 8839 0 0 Nuveen Multi-Market Income Fund Inc COM 67075J107 734 104578 SH SOLE 104578 0 0 Nuveen NASDAQ 100 Dynamic Overwrite Fund COM SHS 670699107 38 1602 SH SOLE 1602 0 0 Nuveen New Jersey Quality Municipal Income Fund COM 67069Y102 83 6456 SH SOLE 6456 0 0 Nuveen Preferred Income Opportunities Fund SPONSORED ADR 636274409 8 148 SH SOLE 148 0 0 Nuveen Quality Municipal Income Fund COM 67066V101 101 7920 SH SOLE 7920 0 0 Nuveen Real Asset Income and Growth Fund COM 67074Y105 234 14502 SH SOLE 14502 0 0 Nuveen Select Tax-Free Income 3 Portfolio SH BEN INT 67063X100 109 7810 SH SOLE 7810 0 0 Nuveen Select Tax-Free Income Portfolio SH BEN INT 67062F100 108 7740 SH SOLE 7740 0 0 Orange S.A. SPONSORED ADR 684060106 5 321 SH SOLE 321 0 0 Oxford Lane Capital Corp COM 691543102 5459 515267 SH OTR 1 363685 151582 0 PepsiCo, Inc. COM 713448108 11 95 SH SOLE 95 0 0 Pfizer Inc COM 717081103 10 233 SH SOLE 233 0 0 PGIM Global Short Duration High Yield Fund, Inc. COM 69346J106 2915 210130 SH SOLE 210130 0 0 PGIM Short Duration High Yield Fund, Inc. COM 69346H100 5682 401805 SH OTR 1 308616 93189 0 PIMCO California Municipal Income Fund II COM 72200M108 523 62544 SH SOLE 62544 0 0 PIMCO California Municipal Income Fund III COM 72201C109 217 21359 SH SOLE 21359 0 0 PIMCO Enhanced Short Maturity Active Exchange-Traded Fund ENHAN SHRT MA AC 72201R833 5337 52517 SH SOLE 52517 0 0 Pimco New York Municipal Income COM 72200Y102 28 2454 SH SOLE 2454 0 0 PIMCO New York Municipal Income Fund III COM 72201E105 259 27435 SH SOLE 27435 0 0 Pioneer Diversified High Income Trust COM 723653101 462 31588 SH SOLE 31588 0 0 Pioneer High Income Trust COM 72369H106 318 34336 SH SOLE 34336 0 0 Pioneer Municipal High Income Advantage Trust COM 723762100 1 105 SH SOLE 105 0 0 Pioneer Municipal High Income Trust COM SHS 723763108 191 17188 SH SOLE 17188 0 0 Popular Inc COM NEW 733174700 2926 57100 SH SOLE 57100 0 0 Principal Real Estate Income Fund SHS BEN INT 74255X104 253 14683 SH SOLE 14683 0 0 ProShares Short VIX Short-Term Futures ETF SHT VIX ST TRM 74347W130 14 244 SH SOLE 244 0 0 Prudential PLC ADR 74435K204 8 168 SH SOLE 168 0 0 Putnam Managed Municipal Income Trust COM 746823103 75 10794 SH SOLE 10794 0 0 Putnam Municipal Opportunities Trust SH BEN INT 746922103 83 7242 SH SOLE 7242 0 0 Raytheon Co COM NEW 755111507 12 59 SH SOLE 59 0 0 RENN Fund Inc COM 759720105 41 22847 SH SOLE 22847 0 0 RMR Real Estate Income Fund COM 76970B101 79 4401 SH SOLE 4401 0 0 Royal Caribbean Cruises Ltd COM V7780T103 3798 29229 SH SOLE 29229 0 0 Royal Dutch Shell PLC SPON ADR B 780259107 506 188 SH SOLE 188 0 0 Royce Global Value Trust Inc COM 78081T104 43 4104 SH SOLE 4104 0 0 Royce Value Trust Inc COM 780910105 128 7816 SH SOLE 7816 0 0 Salient Midstream & MLP Fund SH BEN INT 79471V105 2670 261990 SH OTR 1 153495 108495 0 Sangamo Therapeutics, Inc. COM 800677106 85 5000 SH SOLE 5000 0 0 Sanofi SPONSORED ADR 80105N105 8 173 SH SOLE 173 0 0 SAP SE SPON ADR 803054204 7 56 SH SOLE 56 0 0 Schlumberger Ltd COM 806857108 16 269 SH SOLE 269 0 0 Sea Limited ADR 81141R100 14 998 SH SOLE 998 0 0 Seaboard Corp COM 811543107 2170 585 SH SOLE 585 0 0 Simon Property Group Inc COM 828806109 6 34 SH SOLE 34 0 0 SK Telecom Co Ltd SPONSORED ADR 78440P108 6 224 SH SOLE 224 0 0 Sony Corp SPONSORED ADR 835699307 64 1054 SH SOLE 1054 0 0 Source Capital Inc COM 836144105 3274 81432 SH OTR 1 60549 20883 0 Special Opportunities Fund Inc COM 84741T104 812 53866 SH SOLE 53866 0 0 Sprott Focus Trust Inc COM 85208J109 327 44242 SH SOLE 44242 0 0 Sprott Physical Gold and Silver Trust TR UNIT 85208R101 93 8000 SH SOLE 8000 0 0 Stryker Corporation COM 863667101 9 50 SH SOLE 50 0 0 Suncor Energy Inc COM 867224107 31 799 SH SOLE 799 0 0 Tahoe Resources Inc COM 873868103 368 131900 SH SOLE 131900 0 0 Taiwan Semiconductor Manufacturing Company Limited SPONSORED ADR 874039100 5 121 SH SOLE 121 0 0 TCW Strategic Income Fund Inc COM 872340104 123 22000 SH SOLE 22000 0 0 TechnipFMC PLC COM G87110105 13 409 SH SOLE 409 0 0 Teekay LNG Partners LP PRTNRSP UNITS Y8564M105 160 9589 SH SOLE 9589 0 0 Tekla Healthcare Investors SH BEN INT 87911J103 1867 80639 SH SOLE 80639 0 0 Tekla Healthcare Opportunities Fund SHS 879105104 11183 596720 SH OTR 1 398657 198063 0 Tekla Life Science Investors SH BEN INT 87911K100 55 2673 SH SOLE 2673 0 0 Tekla World Healthcare Fund BEN INT SHS 87911L108 7491 533903 SH OTR 1 348730 185173 0 Templeton Dragon Fund Inc COM 88018T101 421 21135 SH OTR 1 1480 19655 0 The Asia Pacific Fund Inc COM 044901106 56 4150 SH SOLE 4150 0 0 The Bank of Nova Scotia COM 064149107 5 81 SH SOLE 81 0 0 The China Fund Inc COM 169373107 290 14797 SH OTR 1 3760 11037 0 The Cushing MLP Total Return Fund COM NEW 231631201 100 8439 SH SOLE 8439 0 0 The European Equity Fund Inc COM 298768102 388 41286 SH SOLE 41286 0 0 The Gabelli Dividend & Income Trust COM 36242H104 70 2912 SH SOLE 2912 0 0 The Gabelli Global Small and Mid Cap Value Trust COM 36249W104 13 1046 SH SOLE 1046 0 0 The Gabelli Healthcare & WellnessRx Trust SHS 36246K103 2784 252668 SH OTR 1 167313 85355 0 The GDL Fund COM SH BEN IT 361570104 38 4173 SH SOLE 4173 0 0 The Herzfeld Caribbean Basin Fund Inc COM 42804T106 8039 1252227 SH DFND 613790 638437 0 The Home Depot Inc COM 437076102 9 45 SH SOLE 45 0 0 The India Fund Inc COM 454089103 1896 85690 SH OTR 1 54903 30787 0 The Korea Fund Inc COM NEW 500634209 384 10481 SH SOLE 10481 0 0 The Latin American Discovery Fund Inc COM 51828C106 29 2593 SH SOLE 2593 0 0 The Mexico Equity & Income Fund Inc COM 592834105 952 77505 SH OTR 1 50585 26920 0 The New Germany Fund Inc COM 644465106 2940 161544 SH OTR 1 90235 71309 0 The New Ireland Fund Inc COM 645673104 11 1084 SH SOLE 1084 0 0 The PNC Financial Services Group Inc COM 693475105 8 59 SH SOLE 59 0 0 The Taiwan Fund Inc COM 874036106 4645 242290 SH OTR 1 158074 84216 0 The Toronto-Dominion Bank COM NEW 891160509 8 133 SH SOLE 133 0 0 The Travelers Companies, Inc. COM 89417E109 5 40 SH SOLE 40 0 0 The Walt Disney Co COM DISNEY 254687106 8 68 SH SOLE 68 0 0 TJX Cos Inc COM 872540109 6 58 SH SOLE 58 0 0 Tortoise Energy Infrastructure Corporation COM 89147L100 748 27762 SH OTR 1 0 27762 0 Tortoise MLP Fund, Inc COM 89148B101 19 1164 SH SOLE 1164 0 0 Tortoise Pipeline & Energy Fund Inc COM 89148H108 3755 217030 SH OTR 1 146369 70661 0 Tortoise Power and Energy Infrastructure Fund Inc COM 89147X104 2227 116796 SH OTR 1 55537 61259 0 Tri-Continental Corp COM 895436103 97 3470 SH SOLE 3470 0 0 Unilever N.V. N Y SHS NEW 904784709 10 175 SH SOLE 175 0 0 United States Oil Fund LP UNITS 91232N108 16 1000 SH SOLE 1000 0 0 United Technologies Corp COM 913017109 6 45 SH SOLE 45 0 0 UnitedHealth Group Inc COM 91324P102 11 43 SH SOLE 43 0 0 Vale SA ADR 91912E105 8 527 SH SOLE 527 0 0 VanEck Vectors Gold Miners ETF GOLD MINERS ETF 92189F106 56 3024 SH SOLE 3024 0 0 Verizon Communications Inc COM 92343V104 6 117 SH SOLE 117 0 0 Virtus Total Return Fund Inc COM 92837G100 28 2681 SH SOLE 2681 0 0 Visa Inc COM CL A 92826C839 12 82 SH SOLE 82 0 0 Voya Prime Rate Trust SH BEN INT 92913A100 2803 562801 SH SOLE 562801 0 0 Vulcan Materials Co COM 929160109 556 5000 SH SOLE 5000 0 0 Wal-Mart Stores Inc COM 931142103 9 91 SH SOLE 91 0 0 Waste Management, Inc. COM 94106L109 6 65 SH SOLE 65 0 0 Watsco Inc COM 942622200 1425 8000 SH SOLE 8000 0 0 Wells Fargo Advantage Multi-Sector Income Fund COM 94987D101 123 10142 SH SOLE 10142 0 0 Western Asset Variable Rate COM 957667108 22 1308 SH SOLE 1308 0 0 Western Asset/Claymore Inflation-Linked Opportunities & Income Fund COM 95766R104 4748 437962 SH OTR 1 284995 152967 0 Western Asset/Claymore Inflation-Linked Securities & Income Fund COM SH BEN INT 95766Q106 2088 185446 SH OTR 1 97988 87458 0 Zoetis Inc. CL A 98978V103 8 85 SH SOLE 85 0 0