Thomas J. Herzfeld Advisors 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
Aberdeen Asia-Pacific Income Fund	common stock	003009107	985	170,953	SH		SOLE		170,953	0	0
Aberdeen Emerging Markets Smaller Companies Opportunities Fund	common stock	00301T102	47	3,400	SH		SOLE		3,400	0	0
Aberdeen Indonesia Fund	common stock	00305P106	265	32,068	SH		SOLE		32,068	0	0
Aberdeen Israel Fund	common stock	00301L109	46	2,750	SH		SOLE		2,750	0	0
Aberdeen Latin America Equity Fund	common stock	00306K106	2	88	SH		SOLE		88	0	0
Aberdeen Singapore Fund	common stock	003244100	415	32,462	SH		SOLE		32,462	0	0
Adams Express Company	common stock	006212104	4,546	347,782	SH		SOLE		347,782	0	0
Advent Claymore Covertible Securities & Income Fund	common stock	00764C109	1,034	55,777	SH		SOLE		55,777	0	0
Advent/Claymore Enhanced Growth & Income Fund	common stock	00765E104	244	24,132	SH		SOLE		24,132	0	0
Alliance California Municipal Income Fund	common stock	018546101	143	11,800	SH		SOLE		11,800	0	0
AllianceBernstein Income Fund	common stock	01881E101	1,847	259,110	SH		SOLE		259,110	0	0
AllianzGI Equity & Convertible Income Fund	common stock	018829101	527	27,012	SH		SOLE		27,012	0	0
Alpine Global Dynamic Dividend Fund	common stock	02082E205	5,133	503,266	SH		SOLE		503,266	0	0
Alpine Total Dynamic Dividend Fund	common stock	021060207	9,796	1,168,936	SH		SOLE		1,168,936	0	0
AMERICA MOVIL ADR SERIES L	common stock	02364W105	1,044	44,690	SH		SOLE		44,690	0	0
American Select Portfolio	common stock	029570108	1,840	198,716	SH		SOLE		198,716	0	0
American Strategic Income Portfolio	common stock	030098107	50	5,600	SH		SOLE		5,600	0	0
American Strategic Income Portfolio II	common stock	030099105	420	54,420	SH		SOLE		54,420	0	0
Apollo Tactical Income Fund Inc	common stock	037638103	90	5,001	SH		SOLE		5,001	0	0
Ares Multi-Strategy Credit Fund	common stock	04014Q108	85	4,001	SH		SOLE		4,001	0	0
ASA Gold and Precious Metals Limited	common stock	G3156P103	126	10,307	SH		SOLE		10,307	0	0
Asia Pacific Fund	common stock	044901106	63	6,000	SH		SOLE		6,000	0	0
Asia Tigers Fund	common stock	04516T105	10	892	SH		SOLE		892	0	0
ATLANTIC TELE NETWORK INC	common stock	049079205	747	13,198	SH		SOLE		13,198	0	0
Avenue Income Credit Strategies Fund	common stock	05358E106	203	11,560	SH		SOLE		11,560	0	0
BANCO LATINOAMERICANO COME E	common stock	P16994132	1,185	42,300	SH		SOLE		42,300	0	0
BANCOLOMBIA S.A. SPONS ADR	common stock	05968L102	1,043	21,280	SH		SOLE		21,280	0	0
Bancroft Fund	common stock	059695106	739	39,750	SH		SOLE		39,750	0	0
Blackrock Build America Bond Trust	common stock	09248X100	1,714	89,490	SH		SOLE		89,490	0	0
BlackRock Credit Allocation Income Trust IV	common stock	092508100	2,347	179,723	SH		SOLE		179,723	0	0
BlackRock Energy & Resources Trust	common stock	09250U101	220	9,035	SH		SOLE		9,035	0	0
BlackRock Enhanced Capital and Income Fund	common stock	09256A109	535	39,170	SH		SOLE		39,170	0	0
BlackRock Enhanced Equity Dividend Trust	common stock	09251A104	1,589	200,102	SH		SOLE		200,102	0	0
BlackRock Global Opportunties Equity Trust	common stock	092501105	1,480	98,916	SH		SOLE		98,916	0	0
BlackRock Health Sciences Trust	common stock	09250W107	95	2,690	SH		SOLE		2,690	0	0
BlackRock International Growth and Income Trust	common stock	092524107	711	87,500	SH		SOLE		87,500	0	0
BlackRock Limited Duration Income Trust	common stock	09249W101	67	3,910	SH		SOLE		3,910	0	0
BlackRock Maryland Municipal Bond Trust	common stock	09249L105	25	2,000	SH		SOLE		2,000	0	0
BlackRock Muni Intermediate Duration Fund	common stock	09253X102	56	4,000	SH		SOLE		4,000	0	0
BlackRock MuniAssets Fund	common stock	09254J102	69	6,000	SH		SOLE		6,000	0	0
BlackRock Municipal Income Investment Quality Trust	common stock	09250G102	51	4,000	SH		SOLE		4,000	0	0
BlackRock Municipal Target Term Trust	common stock	09257P105	64	3,751	SH		SOLE		3,751	0	0
BlackRock MuniHoldings Investment Quality Fund	common stock	09254P108	13	1,000	SH		SOLE		1,000	0	0
BlackRock MuniHoldings New Jersey Quality Fund	common stock	09254X101	26	2,000	SH		SOLE		2,000	0	0
BlackRock MuniYield Fund	common stock	09253W104	13	1,000	SH		SOLE		1,000	0	0
BlackRock MuniYield Investment Quality Fund	common stock	09254T100	12	1,000	SH		SOLE		1,000	0	0
Blackrock Muniyield Michigan Quality Fund	common stock	09254V105	93	7,450	SH		SOLE		7,450	0	0
Blackrock Muniyield Michigan Quality Fund II	common stock	09254W103	222	19,350	SH		SOLE		19,350	0	0
BlackRock MuniYield New Jersey Fund	common stock	09254Y109	12	877	SH		SOLE		877	0	0
BlackRock MuniYield Pennsylvania Quality Fund	common stock	09255G107	13	1,000	SH		SOLE		1,000	0	0
BlackRock Resources & Commodities Strategy Trust	common stock	09257A108	194	16,756	SH		SOLE		16,756	0	0
BlackRock S&P Quality Rankings Global Equity Managed Trust	common stock	09250D109	32	2,500	SH		SOLE		2,500	0	0
BlackRock Utility & Infrastructure Trust	common stock	09248D104	89	5,000	SH		SOLE		5,000	0	0
Boulder Growth and Income Fund	common stock	101507101	1,148	142,840	SH		SOLE		142,840	0	0
Boulder Total Return Fund	common stock	101541100	641	27,876	SH		SOLE		27,876	0	0
Brookfield Global Listed Infrastructure Income Fund, Inc.	common stock	11273Q109	492	24,880	SH		SOLE		24,880	0	0
Brookfield Mortgage Opportunity Income Fund	common stock	112792106	83	5,001	SH		SOLE		5,001	0	0
Brookfield Total Return Fund	common stock	11283U108	190	8,000	SH		SOLE		8,000	0	0
Calamos Global Dynamic Income Fund	common stock	12811L107	145	16,194	SH		SOLE		16,194	0	0
CARIBBEAN UTILITIES CO LTD A	common stock	G1899E146	133	12,000	SH		SOLE		12,000	0	0
CARNIVAL CORP	common stock	143658300	1,366	34,000	SH		SOLE		34,000	0	0
CEMEX SAB SPONS ADR PART CER	common stock	151290889	776	65,561	SH		SOLE		65,561	0	0
Central Europe Russia and Turkey Fund	common stock	153436100	155	5,079	SH		SOLE		5,079	0	0
Central Fund of Canada Limited (USA)	common stock	153501101	106	8,000	SH		SOLE		8,000	0	0
Central Securities	common stock	155123102	479	22,061	SH		SOLE		22,061	0	0
China Fund	common stock	169373107	104	5,000	SH		SOLE		5,000	0	0
CHIQUITA BRANDS INTL	common stock	170032809	1,064	90,900	SH		SOLE		90,900	0	0
Clough Global Allocation Fund	common stock	18913Y103	668	43,446	SH		SOLE		43,446	0	0
Clough Global Equity Fund	common stock	18914C100	975	62,079	SH		SOLE		62,079	0	0
Clough Global Opportunities Fund	common stock	18914E106	2,716	207,829	SH		SOLE		207,829	0	0
COCA COLA FEMSA SAB SP ADR	common stock	191241108	2,387	19,602	SH		SOLE		19,602	0	0
Cohen & Steers Dividend Majors Fund	common stock	19248G106	551	37,763	SH		SOLE		37,763	0	0
Cohen & Steers Infrastructure Fund	common stock	19248A109	1,889	91,709	SH		SOLE		91,709	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund	common stock	19249B106	120	6,571	SH		SOLE		6,571	0	0
Cohen & Steers REIT & Preferred Income Fund	common stock	19247X100	449	28,591	SH		SOLE		28,591	0	0
Columbia Seligman Premium Technology Growth Fund	common stock	19842X109	25	1,726	SH		SOLE		1,726	0	0
CONSOLIDATED WATER CO ORD SH	common stock	G23773107	1,412	100,117	SH		SOLE		100,117	0	0
COPA HOLDINGS SA CLASS A	common stock	P31076105	1,493	9,327	SH		SOLE		9,327	0	0
CorEnergy Infrastructure Trust	common stock	21870U205	4	510	SH		SOLE		510	0	0
Cornerstone Strategic Value Fund	common stock	21924B203	12	1,803	SH		SOLE		1,803	0	0
Cushing Renaissance Fund	common stock	231647108	140	5,592	SH		SOLE		5,592	0	0
Delaware Enhanced Global Dividend & Income Fund	common stock	246060107	508	41,552	SH		SOLE		41,552	0	0
Delaware Investments Dividend & Income Fund	common stock	245915103	98	10,476	SH		SOLE		10,476	0	0
DESARROLLADORA HOMEX ADR	common stock	25030W100	7	6,100	SH		SOLE		6,100	0	0
Dividend and Income Fund	common stock	25538A204	502	33,209	SH		SOLE		33,209	0	0
DoubleLine Income Solutions Fund	common stock	258622109	801	38,001	SH		SOLE		38,001	0	0
Dreyfus Municipal Bond Infrastructure Fund	common stock	26203D101	66	6,401	SH		SOLE		6,401	0	0
Duff & Phelps Global Utility Income Fund	common stock	26433C105	46	2,410	SH		SOLE		2,410	0	0
DWS Global High Income Fund	common stock	23338W104	14	1,802	SH		SOLE		1,802	0	0
Eaton Vance California Municipal Bond Fund	common stock	27828A100	84	8,209	SH		SOLE		8,209	0	0
Eaton Vance California Municipal Income Trust	common stock	27826F101	88	7,853	SH		SOLE		7,853	0	0
Eaton Vance Floating-Rate Income Plus Fund	common stock	278284104	169	9,331	SH		SOLE		9,331	0	0
Eaton Vance Limited Duration Income Fund	common stock	27828H105	83	5,440	SH		SOLE		5,440	0	0
Eaton Vance Massachusetts Municipal Bond Fund	common stock	27828K108	12	1,000	SH		SOLE		1,000	0	0
Eaton Vance Massachusetts Municipal Income Trust	common stock	27826E104	10	833	SH		SOLE		833	0	0
Eaton Vance Michigan Municipal Bond Fund	common stock	27828M104	12	1,000	SH		SOLE		1,000	0	0
Eaton Vance Michigan Municipal Income Trust	common stock	27826D106	159	14,319	SH		SOLE		14,319	0	0
Eaton Vance Municipal Income Term Trust	common stock	27829U105	26	1,801	SH		SOLE		1,801	0	0
Eaton Vance New Jersey Municipal Bond Fund	common stock	27828R103	6	500	SH		SOLE		500	0	0
Eaton Vance Ohio Municipal Income Trust	common stock	27826G109	12	1,000	SH		SOLE		1,000	0	0
Eaton Vance Pennsylvania Municipal Bond Fund	common stock	27828W102	11	1,000	SH		SOLE		1,000	0	0
Eaton Vance Risk-Managed Diversified Equity Income Fund	common stock	27829G106	2,274	201,740	SH		SOLE		201,740	0	0
Eaton Vance Tax-Advantaged Dividend Income Fund	common stock	27828G107	289	15,207	SH		SOLE		15,207	0	0
Eaton Vance Tax-Managed Diversified Equity Income Fund	common stock	27828N102	364	33,316	SH		SOLE		33,316	0	0
Engex	common stock	292851102	58	16,472	SH		SOLE		16,472	0	0
Enzo Biochem, Inc	common stock	294100102	9	3,000	SH		SOLE		3,000	0	0
Equus Total Return	common stock	294766100	186	93,614	SH		SOLE		93,614	0	0
ERA GROUP INC	common stock	26885G109	99	3,215	SH		SOLE		3,215	0	0
eUNITs 2 Year U.S. International Equity Market Participation Trust	common stock	29841R102	101	8,601	SH		SOLE		8,601	0	0
European Equity Fund	common stock	298768102	151	16,906	SH		SOLE		16,906	0	0
EVERTEC INC	common stock	30040P103	435	17,643	SH		SOLE		17,643	0	0
Federated Enhanced Treasury Income Fund	common stock	314162108	3,231	252,828	SH		SOLE		252,828	0	0
First Opportunity Fund	common stock	33587T108	5,417	605,980	SH		SOLE		605,980	0	0
First Trust Enhanced Equity Income Fund	common stock	337318109	130	9,766	SH		SOLE		9,766	0	0
First Trust High Income Long/Short Fund	common stock	33738E109	1,083	62,894	SH		SOLE		62,894	0	0
First Trust Intermediate Duration Preferred & Income Fund	common stock	33718W103	645	30,376	SH		SOLE		30,376	0	0
First Trust Mortgage Income Fund	common stock	33734E103	1,450	93,182	SH		SOLE		93,182	0	0
Flaherty & Crumrine Dynamic Preferred & Income Fund	common stock	33848W106	95	4,631	SH		SOLE		4,631	0	0
FOMENTO ECONOMICO MEX SP ADR	common stock	344419106	930	9,500	SH		SOLE		9,500	0	0
Ford Motor Co.	common stock	345370860	5	350	SH		SOLE		350	0	0
Fort Dearborn Income Securities Inc	common stock	347200107	75	5,400	SH		SOLE		5,400	0	0
Foxby Corp.	common stock	351645106	161	82,338	SH		SOLE		82,338	0	0
FREEPORT MCMORAN COPPER	common stock	35671D857	1,019	27,000	SH		SOLE		27,000	0	0
FRESH DEL MONTE PRODUCE INC	common stock	G36738105	591	20,890	SH		SOLE		20,890	0	0
FUEGO ENTERPRISES INC	common stock	35953E201	128	513,210	SH		SOLE		513,210	0	0
Gabelli Dividend & Income Trust	common stock	36242H104	155	7,000	SH		SOLE		7,000	0	0
Gabelli Equity Trust	common stock	362397101	23	3,019	SH		SOLE		3,019	0	0
Gabelli Equity Trust Preferred Series D	preferred stock	362397705	21	848	SH		SOLE		848	0	0
Gabelli Equity Trust Preferred Series G	preferred stock	362397176	1,598	76,326	SH		SOLE		76,326	0	0
Gabelli Global Utility & Income Trust	common stock	36242L105	35	1,763	SH		SOLE		1,763	0	0
Gabelli Healthcare & Wellness (Rx) Trust	common stock	36246K103	1,314	126,632	SH		SOLE		126,632	0	0
GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Preferred Series B	preferred stock	36465A307	965	49,349	SH		SOLE		49,349	0	0
GDL Fund	common stock	361570104	121	10,962	SH		SOLE		10,962	0	0
GDL Fund Preferred Series B	preferred stock	361570302	643	12,800	SH		SOLE		12,800	0	0
GELTECH SOLUTIONS INC	common stock	368537106	18	25,000	SH		SOLE		25,000	0	0
General American Investors	common stock	368802104	2,783	79,054	SH		SOLE		79,054	0	0
General American Investors Preferred Series B	preferred stock	368802401	124	4,900	SH		SOLE		4,900	0	0
GRUPO TELEVISA SA SPON ADR	common stock	40049J206	859	28,400	SH		SOLE		28,400	0	0
GRUPO TMM SA SP ADR A	common stock	40051D303	11	12,280	SH		SOLE		12,280	0	0
Guggenheim Build America Bonds	common stock	401664107	219	11,038	SH		SOLE		11,038	0	0
Guggenheim Equal Weight Enhanced Equity Income Fund	common stock	40167M106	218	11,527	SH		SOLE		11,527	0	0
Helios Multi Sector High Income Fund	common stock	42327Y202	18	3,000	SH		SOLE		3,000	0	0
Helios Strategic Income Fund	common stock	42328A203	1	166	SH		SOLE		166	0	0
Honda Motor Co., Ltd.	common stock	438128308	12	300	SH		SOLE		300	0	0
ING Global Advantage and Premium Opportunity Fund	common stock	44982N109	186	15,810	SH		SOLE		15,810	0	0
ING Risk Managed Natural Resources	common stock	449810100	101	10,250	SH		SOLE		10,250	0	0
Invesco California Value Municipal Income Trust	common stock	46132H106	57	5,000	SH		SOLE		5,000	0	0
Invesco Municipal Opportunity Trust	common stock	46132C107	70	6,000	SH		SOLE		6,000	0	0
iShares Barclays TIPS Bond Fund	common stock	464287176	82	750	SH		SOLE		750	0	0
ISHARES LATIN AMERICA 40 ETF	common stock	464287390	259	7,000	SH		SOLE		7,000	0	0
Japan Equity Fund	common stock	471057109	1,761	251,902	SH		SOLE		251,902	0	0
Japan Smaller Capitalization Fund	common stock	47109U104	1,019	111,175	SH		SOLE		111,175	0	0
John Hancock Hedged Equity & Income Fund	common stock	47804L102	229	13,401	SH		SOLE		13,401	0	0
John Hancock Premium Dividend Fund	common stock	41013T105	42	3,625	SH		SOLE		3,625	0	0
John Hancock Tax-Advantaged Dividend Income Fund	common stock	41013V100	110	6,043	SH		SOLE		6,043	0	0
JPMorgan China Region Fund	common stock	48126T104	215	14,179	SH		SOLE		14,179	0	0
JZ Capital Partners Ltd Ord	common stock	G5216J134	445	60,000	SH		SOLE		60,000	0	0
Kayne Anderson Midstream/Energy Fund	common stock	48661E108	523	15,186	SH		SOLE		15,186	0	0
Korea Fund	common stock	500634209	1,427	34,574	SH		SOLE		34,574	0	0
LATIN AMERICAN DISCOVERY FUND	common stock	51828C106	10	800	SH		SOLE		800	0	0
Legg Mason BW Global Income Opportunities Fund	common stock	52469B100	107	6,314	SH		SOLE		6,314	0	0
LENNAR CORP A	common stock	526057104	1,721	43,500	SH		SOLE		43,500	0	0
Liberty All-Star Equity Fund	common stock	530158104	2,312	387,317	SH		SOLE		387,317	0	0
Liberty All-Star Growth Fund	common stock	529900102	17	3,042	SH		SOLE		3,042	0	0
LMP Capital and Income Fund, Inc.	common stock	50208A102	429	27,130	SH		SOLE		27,130	0	0
Macquarie Global Infrastructure Total Return Fund	common stock	55608D101	560	25,325	SH		SOLE		25,325	0	0
Madison Covered Call and Equity Strategy Fund	common stock	557437100	8	1,000	SH		SOLE		1,000	0	0
Madison Strategic Sector Premium Fund	common stock	558268108	93	7,785	SH		SOLE		7,785	0	0
MARGO CARIBE INC	common stock	566605101	154	64,239	SH		SOLE		64,239	0	0
Market Vectors Gold Miners ETF	common stock	57060U100	63	3,000	SH		SOLE		3,000	0	0
MARTIN MARIETTA MATERIALS	common stock	573284106	190	1,900	SH		SOLE		1,900	0	0
MASTEC INC	common stock	576323109	1,891	57,800	SH		SOLE		57,800	0	0
MEXICO EQUITY AND INCOME FUND INC	common stock	592834105	363	24,396	SH		SOLE		24,396	0	0
MFS California Municipal Fund	common stock	59318C106	53	5,296	SH		SOLE		5,296	0	0
MFS Intermarket Income Trust I	common stock	59318R103	215	26,556	SH		SOLE		26,556	0	0
MFS Investment Grade Municipal Trust	common stock	59318B108	34	3,907	SH		SOLE		3,907	0	0
Montgomery Street Income Securities	common stock	614115103	1,234	79,385	SH		SOLE		79,385	0	0
Morgan Stanley Asia Pacific Fund	common stock	61744U106	460	27,761	SH		SOLE		27,761	0	0
Morgan Stanley Eastern Europe Fund	common stock	616988101	33	1,615	SH		SOLE		1,615	0	0
Morgan Stanley Emerging Market Debt Fund	common stock	61744H105	210	21,999	SH		SOLE		21,999	0	0
Morgan Stanley Emerging Markets Domestic Debt Fund	common stock	617477104	2,186	167,882	SH		SOLE		167,882	0	0
Morgan Stanley Emerging Markets Fund	common stock	61744G107	35	2,264	SH		SOLE		2,264	0	0
Morgan Stanley Income Securities	common stock	61745P874	301	17,921	SH		SOLE		17,921	0	0
Morgan Stanley India Investment Fund	common stock	61745C105	128	7,295	SH		SOLE		7,295	0	0
MVC Capital	common stock	553829102	45	3,318	SH		SOLE		3,318	0	0
MVC Capital Preferred Series B	preferred stock	553829201	50	2,000	SH		SOLE		2,000	0	0
Nasdaq Premium Income & Growth Fund	common stock	63110R105	21	1,165	SH		SOLE		1,165	0	0
Neuberger Berman High Yield Strategies Fund	common stock	64128C106	23	1,743	SH		SOLE		1,743	0	0
Neuberger Berman Real Estate Securities Income Fund	common stock	64190A103	664	152,971	SH		SOLE		152,971	0	0
New America High Income Fund	common stock	641876800	19	2,000	SH		SOLE		2,000	0	0
New Germany Fund	common stock	644465106	897	45,027	SH		SOLE		45,027	0	0
New Ireland Fund	common stock	645673104	149	11,597	SH		SOLE		11,597	0	0
NexPoint Credit Strategies Fund	common stock	65340G106	533	56,625	SH		SOLE		56,625	0	0
NORFOLK SOUTHERN CORP	common stock	655844108	928	10,000	SH		SOLE		10,000	0	0
NORWEGIAN CRUISE LINE HOLDINGS	common stock	G66721104	679	19,143	SH		SOLE		19,143	0	0
Nuveen AMT-Free Municipal Income Fund	common stock	670657105	90	7,500	SH		SOLE		7,500	0	0
Nuveen Arizona Premium Income Municipal Fund	common stock	67061W104	69	5,700	SH		SOLE		5,700	0	0
Nuveen Build America Bond Fund	common stock	67074C103	327	17,740	SH		SOLE		17,740	0	0
Nuveen Build America Bond Opportunity Fund	common stock	67074Q102	501	25,765	SH		SOLE		25,765	0	0
Nuveen California AMT-Free Municipal Income Fund	common stock	670651108	1,180	96,997	SH		SOLE		96,997	0	0
Nuveen California Dividend Advantage Municipal Fund 3	common stock	67070Y109	137	12,000	SH		SOLE		12,000	0	0
Nuveen California Municipal Value Fund 2	common stock	6706EB106	34	2,317	SH		SOLE		2,317	0	0
Nuveen California Premium Income Municipal Fund, 2.00% MTP Pfd 10/1/2015	preferred stock	6706L0300	10	1,000	SH		SOLE		1,000	0	0
Nuveen California Quality Income Municipal Fund	common stock	670985100	22	1,500	SH		SOLE		1,500	0	0
Nuveen Core Equity Alpha Fund	common stock	67090X107	21	1,266	SH		SOLE		1,266	0	0
Nuveen CT Premium Income Municipal Fund	common stock	67060D107	102	8,808	SH		SOLE		8,808	0	0
Nuveen Dividend Advantage Municipal Fund	common stock	67066V101	13	1,000	SH		SOLE		1,000	0	0
Nuveen Dividend Advantage Municipal Fund 2	common stock	67070F100	63	5,000	SH		SOLE		5,000	0	0
Nuveen Dividend Advantage Municipal Fund 3	common stock	67070X101	1,895	153,405	SH		SOLE		153,405	0	0
Nuveen Dividend Advantage Municipal Income Fund	common stock	67071L106	820	65,508	SH		SOLE		65,508	0	0
Nuveen Diviersified Currency Opportunities Fund	common stock	67090N109	1,427	141,607	SH		SOLE		141,607	0	0
Nuveen Equity Premium Advantage Fund	common stock	6706ET107	173	13,677	SH		SOLE		13,677	0	0
Nuveen Equity Premium and Growth Fund	common stock	6706EW100	85	6,001	SH		SOLE		6,001	0	0
Nuveen Equity Premium Income Fund	common stock	6706ER101	67	5,310	SH		SOLE		5,310	0	0
Nuveen Flexible Investment Income Fund	common stock	67075B104	99	6,001	SH		SOLE		6,001	0	0
Nuveen Georgia Dividend Advantage Municipal Fund 2, 2.65% MTP Pfd 2/1/2015	preferred stock	67072B305	25	2,500	SH		SOLE		2,500	0	0
Nuveen Georgia Dividend Advantage Municipal Fund, 2.65% Pfd, Series 2015 #1	preferred stock	67072B404	10	1,000	SH		SOLE		1,000	0	0
Nuveen Georgia Dividend Advantage Municipal Fund, 2.65% Pfd, Series 2015 #2	preferred stock	67072B503	20	2,000	SH		SOLE		2,000	0	0
Nuveen Intermediate Duration Municipal Term Fund	common stock	670671106	181	15,751	SH		SOLE		15,751	0	0
Nuveen Intermediate Duration Quality Municipal Fund	common stock	670677103	138	12,000	SH		SOLE		12,000	0	0
Nuveen Maryland Premium Income Municipal Fund	common stock	67061Q107	24	2,000	SH		SOLE		2,000	0	0
Nuveen Maryland Premium Income Municipal Fund, 2.65% MTP Pfd 2/1/2015	preferred stock	67061Q404	20	2,000	SH		SOLE		2,000	0	0
Nuveen Massachusetts AMT-Free Municipal Fund	common stock	67072F108	6	504	SH		SOLE		504	0	0
Nuveen Michigan Quality Income Municipal Fund	common stock	670979103	74	5,918	SH		SOLE		5,918	0	0
Nuveen Municipal Advantage Fund	common stock	67062H106	12	1,000	SH		SOLE		1,000	0	0
Nuveen Municipal Market Opportunity Fund	common stock	67062W103	636	53,003	SH		SOLE		53,003	0	0
Nuveen Municipal Opportunity Fund	common stock	670984103	53	4,000	SH		SOLE		4,000	0	0
Nuveen New Jersey Dividend Advantage Municipal Fund	common stock	67069Y102	12	1,000	SH		SOLE		1,000	0	0
Nuveen New Jersey Dividend Advantage Municipal Fund 2	common stock	67071T109	162	13,100	SH		SOLE		13,100	0	0
Nuveen Pennsylvania Dividend Advantage Municipal Fund	common stock	67070E103	79	6,500	SH		SOLE		6,500	0	0
Nuveen Pennsylvania Dividend Advantage Municipal Fund 2	common stock	67071W102	12	1,000	SH		SOLE		1,000	0	0
Nuveen Pennsylvania Municipal Value Fund	common stock	67074K105	14	1,000	SH		SOLE		1,000	0	0
Nuveen Preferred & Income Term Fund	common stock	67075A106	66	3,000	SH		SOLE		3,000	0	0
Nuveen Premier Municipal Income Fund	common stock	670988104	25	2,000	SH		SOLE		2,000	0	0
Nuveen Premium Income Municipal Fund 2	common stock	67063W102	208	16,592	SH		SOLE		16,592	0	0
Nuveen Quality Income Municipal Fund	common stock	670977107	119	9,725	SH		SOLE		9,725	0	0
Nuveen Quality Municipal Fund	common stock	67062N103	85	7,000	SH		SOLE		7,000	0	0
Nuveen Quality Preferred Income Fund 3	common stock	67072W101	776	98,888	SH		SOLE		98,888	0	0
Nuveen Real Asset Income & Growth Fund	common stock	67074Y105	1,941	115,900	SH		SOLE		115,900	0	0
Nuveen Select Quality Municipal Fund	common stock	670973106	114	9,200	SH		SOLE		9,200	0	0
Oxford Lane Capital, 7.50% Pfd Series 2023	preferred stock	691543300	2,099	91,661	SH		SOLE		91,661	0	0
Pacholder High Yield Fund	common stock	693742108	8	1,000	SH		SOLE		1,000	0	0
Petroleum & Resources Corp.	common stock	716549100	4,513	164,837	SH		SOLE		164,837	0	0
PIMCO Dynamic Credit Income Fund	common stock	72202D106	2,210	98,305	SH		SOLE		98,305	0	0
PIMCO Dynamic Income Fund	common stock	72201Y101	1,461	50,151	SH		SOLE		50,151	0	0
POPULAR INC	common stock	733174700	172	6,000	SH		SOLE		6,000	0	0
PRICESMART INC	common stock	741511109	157	1,363	SH		SOLE		1,363	0	0
Putnam High Income Securities Fund	common stock	746779107	1,408	170,459	SH		SOLE		170,459	0	0
Putnam Managed Municipal Income Trust	common stock	746823103	10	1,500	SH		SOLE		1,500	0	0
Putnam Master Intermediate Income Trust	common stock	746909100	360	71,483	SH		SOLE		71,483	0	0
Putnam Municipal Opportunities Trust	common stock	746922103	52	4,800	SH		SOLE		4,800	0	0
Putnam Premier Income Trust	common stock	746853100	2,086	383,416	SH		SOLE		383,416	0	0
Rand Capital Corp.	common stock	752185108	6	2,000	SH		SOLE		2,000	0	0
RENN Global Entrepreneurs Fund	common stock	759720105	155	106,588	SH		SOLE		106,588	0	0
RMR Real Estate Income Fund	common stock	76970B101	2,341	138,419	SH		SOLE		138,419	0	0
ROYAL CARIBBEAN CRUISES LTD	common stock	V7780T103	1,660	35,000	SH		SOLE		35,000	0	0
Royce Focus Trust	common stock	78080N108	316	41,445	SH		SOLE		41,445	0	0
Royce Global Value Trust	common stock	78081T104	155	17,393	SH		SOLE		17,393	0	0
Royce Micro-Cap Trust, Inc.	common stock	780915104	740	58,717	SH		SOLE		58,717	0	0
Royce Value Trust	common stock	780910105	2,354	147,013	SH		SOLE		147,013	0	0
SEABOARD CORP	common stock	811543107	2,773	992	SH		SOLE		992	0	0
SEACOR HOLDINGS INC	common stock	811904101	182	2,000	SH		SOLE		2,000	0	0
Source Capital	common stock	836144105	70	1,036	SH		SOLE		1,036	0	0
SPANISH BROADCASTING SYS A	common stock	846425833	27	8,030	SH		SOLE		8,030	0	0
Special Opportunities Fund	common stock	84741T104	199	11,387	SH		SOLE		11,387	0	0
Starbucks Corporation	common stock	855244109	47	600	SH		SOLE		600	0	0
STEINER LEISURE LTD	common stock	P8744Y102	958	19,467	SH		SOLE		19,467	0	0
Swiss Helvetia Fund	common stock	870875101	34	2,402	SH		SOLE		2,402	0	0
TAHOE RESOURCES INC	common stock	873868103	398	23,900	SH		SOLE		23,900	0	0
Taiwan Fund	common stock	874036106	48	2,471	SH		SOLE		2,471	0	0
TCW Strategic Income Fund	common stock	872340104	266	49,730	SH		SOLE		49,730	0	0
TECO ENERGY INC	common stock	872375100	698	40,500	SH		SOLE		40,500	0	0
TEEKAY LNG PARTNERS LP	common stock	Y8564M105	357	8,361	SH		SOLE		8,361	0	0
Templeton Dragon Fund	common stock	88018T101	377	14,570	SH		SOLE		14,570	0	0
Thai Fund, Inc.	common stock	882904105	772	42,540	SH		SOLE		42,540	0	0
The Herzfeld Caribbean Basin Fund	common stock	42804T106	2,238	278,009	SH		DFND		224,122	53,887	0
Tim Hortons, Inc.	common stock	88706M103	1	13	SH		SOLE		13	0	0
Tortoise Energy Independence Fund, Inc.	common stock	89148K101	364	14,495	SH		SOLE		14,495	0	0
Tortoise Energy Infrastructure, 3.75% Preferred Series B	preferred stock	89147L704	22	2,600	SH		SOLE		2,600	0	0
Tortoise Pipeline & Energy Fund	common stock	89148H108	85	3,001	SH		SOLE		3,001	0	0
Transamerica Income Shares	common stock	893506105	28	1,359	SH		SOLE		1,359	0	0
Tri-Continental Corp.	common stock	895436103	4,331	216,759	SH		SOLE		216,759	0	0
Tri-Continental Corp., $2.50 Cumulative Preferred Stock	preferred stock	895436202	22	500	SH		SOLE		500	0	0
Turkish Investment Fund	common stock	900145103	91	6,206	SH		SOLE		6,206	0	0
ULTRAPETROL (BAHAMAS) LTD	common stock	P94398107	135	36,000	SH		SOLE		36,000	0	0
Virtus Total Return Fund	common stock	92829A103	4,779	1,215,909	SH		SOLE		1,215,909	0	0
VULCAN MATERIALS CO	common stock	929160109	327	5,500	SH		SOLE		5,500	0	0
WATSCO INC	common stock	942622200	1,758	18,300	SH		SOLE		18,300	0	0
Wells Fargo Advantage Global Dividend Opportunity Fund	common stock	94987C103	87	12,002	SH		SOLE		12,002	0	0
Wells Fargo Multi-Sector Income Fund	common stock	94987D101	60	4,300	SH		SOLE		4,300	0	0
Western Asset High Yield Defined Opportunity Fund	common stock	95768B107	277	15,669	SH		SOLE		15,669	0	0
Western Asset Inflation Management Fund	common stock	95766U107	711	42,005	SH		SOLE		42,005	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Inc.	common stock	95766R104	474	42,075	SH		SOLE		42,075	0	0
Western Asset/Claymore Inflation-Linked Securities & Income	common stock	95766Q106	130	11,395	SH		SOLE		11,395	0	0
WESTERN UNION CO	common stock	959802109	207	12,000	SH		SOLE		12,000	0	0
Zweig Fund	common stock	989834205	256	17,221	SH		SOLE		17,221	0	0
Zweig Total Return Fund	common stock	989837208	1,359	97,510	SH		SOLE		97,510	0	0