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
Expires:	Oct 31, 2018
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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
3M Company	common stock	88579Y101	20	128	SH		SOLE		128	0	0
Abbott Laboratories	common stock	002824100	23	468	SH		SOLE		468	0	0
Abengoa Yield PLC	common stock	G00349103	34	1,071	SH		SOLE		1,071	0	0
Aberdeen Asia-Pacific Income Fund, Inc.	common stock	003009107	1,152	233,952	SH		SOLE		233,952	0	0
Aberdeen Chile Fund Inc.	common stock	00301W105	36	5,000	SH		SOLE		5,000	0	0
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.	common stock	00301T102	63	4,964	SH		SOLE		4,964	0	0
Aberdeen Indonesia Fund, Inc.	common stock	00305P106	168	23,835	SH		SOLE		23,835	0	0
Aberdeen Israel Fund, Inc.	common stock	00301L109	44	2,322	SH		SOLE		2,322	0	0
Aberdeen Japan Equity Fund, Inc.	common stock	00306J109	2,443	295,754	SH		SOLE		295,754	0	0
Aberdeen Singapore Fund, Inc.	common stock	003244100	295	26,708	SH		SOLE		26,708	0	0
ACE Limited	common stock	H0023R105	34	331	SH		SOLE		331	0	0
Adams Diversified Equity Fund, Inc.	common stock	006212104	6,169	443,194	SH		SOLE		443,194	0	0
Adams Natural Resources Fund, Inc.	common stock	00548F105	4,233	190,538	SH		SOLE		190,538	0	0
Advent/Claymore Enhanced Growth & Income Fund	common stock	00765E104	567	64,008	SH		SOLE		64,008	0	0
Alexion Pharmaceuticals, Inc.	common stock	015351109	22	123	SH		SOLE		123	0	0
AllianceBernstein Global High Income Fund, Inc.	common stock	01879R106	364	30,663	SH		SOLE		30,663	0	0
AllianzGI Equity & Convertible Income Fund	common stock	018829101	39	2,000	SH		SOLE		2,000	0	0
Alpine Global Dynamic Dividend Fund	common stock	02082E205	3,073	312,398	SH		SOLE		312,398	0	0
Alpine Total Dynamic Dividend Fund	common stock	021060207	5,494	640,051	SH		SOLE		640,051	0	0
Altria Group Inc.	common stock	02209S103	15	311	SH		SOLE		311	0	0
Ambev S.A.	common stock	02319V103	30	4,939	SH		SOLE		4,939	0	0
America Movil S.A.B. de C.V.	common stock	02364W105	945	44,690	SH		SOLE		44,690	0	0
American Electric Power Co., Inc.	common stock	025537101	13	243	SH		SOLE		243	0	0
Ametek Inc.	common stock	031100100	24	446	SH		SOLE		446	0	0
Amgen Inc.	common stock	031162100	76	500	SH		SOLE		500	0	0
Anheuser-Busch InBev	common stock	03524A108	29	241	SH		SOLE		241	0	0
Apollo Tactical Income Fund Inc	common stock	037638103	1,192	76,168	SH		SOLE		76,168	0	0
Ares Multi-Strategy Credit Fund	common stock	04014Q108	25	1,316	SH		SOLE		1,316	0	0
ASA Gold and Precious Metals Limited	common stock	G3156P103	100	10,307	SH		SOLE		10,307	0	0
Asia Pacific Fund	common stock	044901106	66	5,150	SH		SOLE		5,150	0	0
ASML Holding NV	common stock	N07059210	23	224	SH		SOLE		224	0	0
AstraZeneca PLC	common stock	046353108	28	887	SH		SOLE		887	0	0
Atlantic Tele Network, Inc.	common stock	049079205	828	11,988	SH		SOLE		11,988	0	0
Avenue Income Credit Strategies Fund	common stock	05358E106	122	8,735	SH		SOLE		8,735	0	0
Avianca Holdings S.A.	common stock	05367G100	1,073	104,794	SH		SOLE		104,794	0	0
Baidu, Inc.	common stock	056752108	31	156	SH		SOLE		156	0	0
Bancolombia S.A.	common stock	05968L102	851	19,780	SH		SOLE		19,780	0	0
Bancroft Fund Ltd.	common stock	059695106	618	29,201	SH		SOLE		29,201	0	0
Barclays PLC	common stock	06738E204	39	2,384	SH		SOLE		2,384	0	0
Biogen Inc.	common stock	09062X103	40	100	SH		SOLE		100	0	0
BlackRock Core Bond Trust	common stock	09249E101	3	200	SH		SOLE		200	0	0
BlackRock Credit Allocation Income Trust	common stock	092508100	1,379	110,243	SH		SOLE		110,243	0	0
BlackRock Enhanced Equity Dividend Trust	common stock	09251A104	11	1,422	SH		SOLE		1,422	0	0
BlackRock Income Trust, Inc.	common stock	09247F100	31	5,000	SH		SOLE		5,000	0	0
BlackRock Limited Duration Income Trust	common stock	09249W101	4	250	SH		SOLE		250	0	0
BlackRock Multi-Sector Income Trust	common stock	09258A107	425	25,976	SH		SOLE		25,976	0	0
BlackRock Resources & Commodities Strategy Trust	common stock	09257A108	150	16,756	SH		SOLE		16,756	0	0
BlackRock Science and Technology Trust	common stock	09258G104	7,625	436,999	SH		SOLE		436,999	0	0
BlackRock Utility & Infrastructure Trust	common stock	09248D104	85	4,746	SH		SOLE		4,746	0	0
Blackstone/GSO Strategic Credit Fund	common stock	09257R101	722	46,520	SH		SOLE		46,520	0	0
Boulder Growth and Income Fund, Inc.	common stock	101507101	12,951	1,534,487	SH		SOLE		1,534,487	0	0
BP PLC	common stock	055622104	36	928	SH		SOLE		928	0	0
BRF SA	common stock	10552T107	21	999	SH		SOLE		999	0	0
British America Tobacco PLC	common stock	110448107	24	220	SH		SOLE		220	0	0
Brookfield Global Listed Infrastructure Income Fund	common stock	11273Q109	361	22,001	SH		SOLE		22,001	0	0
Brookfield Mortgage Opportunity Income Fund	common stock	112792106	78	5,001	SH		SOLE		5,001	0	0
Brookfield Total Return Fund	common stock	11283U108	375	16,903	SH		SOLE		16,903	0	0
Canadian Natural Resrouces Limited	common stock	136385101	39	1,440	SH		SOLE		1,440	0	0
Canadian Pacific Railway Limited	common stock	13645T100	39	243	SH		SOLE		243	0	0
Carnival Corp.	common stock	143658300	1,334	27,000	SH		SOLE		27,000	0	0
Cemex, S.A.B. de C.V.	common stock	151290889	1,341	146,372	SH		SOLE		146,372	0	0
Center Coast MLP & Infrastructure Fund	common stock	151461100	14	901	SH		SOLE		901	0	0
Central Europe Russia and Turkey Fund	common stock	153436100	86	4,144	SH		SOLE		4,144	0	0
Central Fund of Canada Limited (USA)	common stock	153501101	93	8,000	SH		SOLE		8,000	0	0
Central Securities Corp.	common stock	155123102	881	41,281	SH		SOLE		41,281	0	0
China Fund, Inc.	common stock	169373107	99	5,000	SH		SOLE		5,000	0	0
China Unicom (Hong Kong) Limited	common stock	16945R104	23	1,481	SH		SOLE		1,481	0	0
ClearBridge Energy MLP Fund Inc.	common stock	184692101	321	13,807	SH		SOLE		13,807	0	0
Clough Global Allocation Fund	common stock	18913Y103	245	16,752	SH		SOLE		16,752	0	0
Clough Global Equity Fund	common stock	18914C100	569	38,727	SH		SOLE		38,727	0	0
Clough Global Opportunities Fund	common stock	18914E106	1,439	120,355	SH		SOLE		120,355	0	0
CME Group Inc.	common stock	12572Q105	465	5,000	SH		SOLE		5,000	0	0
Coca Cola Femsa S.A.B. de C.V.	common stock	191241108	699	8,799	SH		SOLE		8,799	0	0
Cohen & Steers Infrastructure Fund, Inc.	common stock	19248A109	2,047	97,389	SH		SOLE		97,389	0	0
Cohen & Steers Limited Duration Preferres and Income Fund	common stock	19248C105	133	5,800	SH		SOLE		5,800	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund	common stock	19249B106	130	7,576	SH		SOLE		7,576	0	0
Cohen & Steers Total Return Realty Fund	common stock	19247R103	687	56,535	SH		SOLE		56,535	0	0
Companhia Brasileira de Disrtibuicao	common stock	20440T201	0	0	SH		SOLE		0	0	0
Conocophillips	common stock	20825C104	15	246	SH		SOLE		246	0	0
Consolidated Water Co. Ltd.	common stock	G23773107	1,632	129,538	SH		SOLE		129,538	0	0
Consumer Discret Select Sector SPDR ETF	common stock	81369Y407	5	65	SH		SOLE		65	0	0
Copa Holdings SA	common stock	P31076105	3,675	44,500	SH		SOLE		44,500	0	0
Cornerstone Strategic Value Fund Inc.	common stock	21924B302	12	604	SH		SOLE		604	0	0
Credicorp Ltd.	common stock	G2519Y108	31	223	SH		SOLE		223	0	0
Cushing MLP Total Return Fund	common stock	231631102	799	218,220	SH		SOLE		218,220	0	0
Cushing Renaissance Fund	common stock	231647108	297	15,387	SH		SOLE		15,387	0	0
CVS Health Corporation	common stock	126650100	18	174	SH		SOLE		174	0	0
Cyberonics, Inc.	common stock	23251P102	495	8,330	SH		SOLE		8,330	0	0
Delaware Enhanced Global Dividend & Income Fund	common stock	246060107	474	44,505	SH		SOLE		44,505	0	0
Delaware Investments Dividend & Income Fund, Inc.	common stock	245915103	0	48	SH		SOLE		48	0	0
Delphi Automotive PLC	common stock	G27823106	35	413	SH		SOLE		413	0	0
Deutsche Multi-Market Income Trust	common stock	25160E102	97	12,133	SH		SOLE		12,133	0	0
Deutsche Strategic Income Trust	common stock	25160F109	20	1,850	SH		SOLE		1,850	0	0
Diversified Real Asset Income Fund	common stock	25533B108	1,807	104,690	SH		SOLE		104,690	0	0
Dominion Resources, Inc.	common stock	25746U109	13	200	SH		SOLE		200	0	0
DoubleLine Income Solutions Fund	common stock	258622109	2,830	145,376	SH		SOLE		145,376	0	0
Duff & Phelps Global Utility Income Fund, Inc.	common stock	26433C105	43	2,410	SH		SOLE		2,410	0	0
Eaton Vance Floating-Rate Income Plus Fund	common stock	278284104	23	1,471	SH		SOLE		1,471	0	0
Eaton Vance Limited Duration Income Fund	common stock	27828H105	66	4,940	SH		SOLE		4,940	0	0
Eaton Vance Risk-Managed Diversified Equity Income Fund	common stock	27829G106	134	12,500	SH		SOLE		12,500	0	0
Eaton Vance Tax-Advantaged Dividend Income Fund	common stock	27828G107	522	26,552	SH		SOLE		26,552	0	0
Equus Total Return, Inc.	common stock	294766100	167	88,121	SH		SOLE		88,121	0	0
Era Group Inc.	common stock	26885G109	441	21,515	SH		SOLE		21,515	0	0
European Equity Fund, Inc.	common stock	298768102	140	16,464	SH		SOLE		16,464	0	0
Evertec Inc.	common stock	30040P103	478	22,643	SH		SOLE		22,643	0	0
Exxon Mobil Corporation	common stock	30231G102	13	163	SH		SOLE		163	0	0
FedEx Corporation	common stock	31428X106	68	400	SH		SOLE		400	0	0
Fibria Celulose SA	common stock	31573A109	31	2,263	SH		SOLE		2,263	0	0
First Trust Energy Infrastructure Fund	common stock	33738C103	163	8,021	SH		SOLE		8,021	0	0
First Trust High Income Long/Short Fund	common stock	33738E109	1,815	117,614	SH		SOLE		117,614	0	0
First Trust ISE Cloud Computing Index	common stock	33734X192	6	209	SH		SOLE		209	0	0
First Trust Mortgage Income Fund	common stock	33734E103	840	60,175	SH		SOLE		60,175	0	0
First Trust New Opportunities MLP & Energy Fund	common stock	33739M100	620	40,031	SH		SOLE		40,031	0	0
Fomento Economico Mexicano, S.A.B. de C.V.	common stock	344419106	980	11,000	SH		SOLE		11,000	0	0
Fort Dearborn Income Securities, Inc	common stock	347200107	74	5,400	SH		SOLE		5,400	0	0
Foxby Corp.	common stock	351645106	136	76,580	SH		SOLE		76,580	0	0
Freeport McMoran Copper & Gold	common stock	35671D857	590	32,000	SH		SOLE		32,000	0	0
Fresh Del Monte Produce Inc.	common stock	G36738105	193	5,000	SH		SOLE		5,000	0	0
Gabelli Dividend & Income Trust	common stock	36242H104	2,155	104,504	SH		SOLE		104,504	0	0
Gabelli Equity Trust Preferred Series D	preferred stock	362397705	22	848	SH		SOLE		848	0	0
Gabelli Equity Trust, Inc.	common stock	362397101	22	3,454	SH		SOLE		3,454	0	0
Gabelli Global Small and Mid-Cap Value Fund	common stock	36249W104	7	700	SH		SOLE		700	0	0
Gabelli Global Utility & Income Trust	common stock	36242L105	26	1,463	SH		SOLE		1,463	0	0
Gabelli Healthcare & Wellness (Rx) Trust	common stock	36246K103	3,312	294,356	SH		SOLE		294,356	0	0
Gabelli Multimedia Trust Inc.	common stock	36239Q109	879	95,873	SH		SOLE		95,873	0	0
GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Preferred Series B	preferred stock	36465A109	11	500	SH		SOLE		500	0	0
GDL Fund	common stock	361570104	102	9,961	SH		SOLE		9,961	0	0
GDL Fund Preferred Series B	preferred stock	361570302	643	12,800	SH		SOLE		12,800	0	0
General American Investors Company, Inc.	common stock	368802104	3,833	110,124	SH		SOLE		110,124	0	0
General Electric Company	common stock	369604103	20	770	SH		SOLE		770	0	0
Gilead Sciences Inc.	common stock	375558103	176	1,500	SH		SOLE		1,500	0	0
Grupo Televisa, S.A.B.	common stock	40049J206	1,134	29,219	SH		SOLE		29,219	0	0
Guggenheim Enhanced Equity Strategy Fund	common stock	40167K100	931	56,860	SH		SOLE		56,860	0	0
GW Pharmaceuticals PLC	common stock	36197T103	35	285	SH		SOLE		285	0	0
HDFC Bank Ltd.	common stock	40415F101	29	486	SH		SOLE		486	0	0
Health Care Select Sector SPDR ETF	common stock	81369Y209	8	111	SH		SOLE		111	0	0
Hewlett-Packard Company	common stock	428236103	12	400	SH		SOLE		400	0	0
ICIC Bank Ltd.	common stock	45104G104	42	3,985	SH		SOLE		3,985	0	0
Incyte Corporation	common stock	45337C102	25	242	SH		SOLE		242	0	0
ING Groep N.V.	common stock	456837103	55	3,373	SH		SOLE		3,373	0	0
Ingersoll-Rand PLC	common stock	G47791101	41	615	SH		SOLE		615	0	0
Inovio Pharmaceuticals, Inc.	common stock	45773H201	122	15,000	SH		SOLE		15,000	0	0
Intel Corporation	common stock	458140100	14	454	SH		SOLE		454	0	0
iShares MSCI Mexico Capped	common stock	464286822	343	6,000	SH		SOLE		6,000	0	0
iShares Nasdaq Biotechnology	common stock	464287556	13	36	SH		SOLE		36	0	0
iShares TIPS Bond	common stock	464287176	46	410	SH		SOLE		410	0	0
Itau Unibanco Holdings S.A.	common stock	465562106	16	1,599	SH		SOLE		1,599	0	0
Japan Smaller Capitalization Fund Inc.	common stock	47109U104	1,432	132,750	SH		SOLE		132,750	0	0
John Hancock Premium Dividend Fund	common stock	41013T105	38	2,964	SH		SOLE		2,964	0	0
John Hancock Tax-Advantaged Dividend Income Fund	common stock	41013V100	13	655	SH		SOLE		655	0	0
Johnson & Johnson	common stock	478160104	14	144	SH		SOLE		144	0	0
JPMorgan Alerian MLP Index ETN	common stock	46625H365	40	1,000	SH		SOLE		1,000	0	0
JPMorgan Chase & Co.	common stock	46625H100	22	323	SH		SOLE		323	0	0
JPMorgan China Region Fund, Inc.	common stock	48126T104	208	11,067	SH		SOLE		11,067	0	0
Karyopharm Therapeutics Inc.	common stock	48576U106	132	4,868	SH		SOLE		4,868	0	0
Kayne Anderson Midstream/Energy Fund	common stock	48661E108	3,571	131,055	SH		SOLE		131,055	0	0
Kraft Foods Group, Inc.	common stock	50076Q106	23	274	SH		SOLE		274	0	0
Ladenburg Thalman Financial Services Inc.	common stock	50575Q102	35	10,000	SH		SOLE		10,000	0	0
Latin American Discovery Fund Inc.	common stock	51828C106	8	800	SH		SOLE		800	0	0
Legg Mason BW Global Income Opportunities Fund	common stock	52469B100	210	14,864	SH		SOLE		14,864	0	0
Lennar Corp.	common stock	526057104	2,270	44,500	SH		SOLE		44,500	0	0
Liberty All-Star Equity Fund	common stock	530158104	4,328	771,256	SH		SOLE		771,256	0	0
Liberty All-Star Growth Fund, Inc.	common stock	529900102	745	148,141	SH		SOLE		148,141	0	0
Liberty Global PLC	common stock	G5480U104	43	839	SH		SOLE		839	0	0
LMP Capital and Income Fund, Inc.	common stock	50208A102	512	33,921	SH		SOLE		33,921	0	0
LMP Corporate Loan Fund Inc.	common stock	50208B100	33	3,000	SH		SOLE		3,000	0	0
LyondellBasell Industries N.V.	common stock	N53745100	22	210	SH		SOLE		210	0	0
Macquarie Global Infrastructure Total Return Fund Inc.	common stock	55608D101	533	22,851	SH		SOLE		22,851	0	0
Mallinckrodt Public Limitied Company	common stock	G5785G107	33	282	SH		SOLE		282	0	0
Mankind Corporation	common stock	56400P201	6	1,000	SH		SOLE		1,000	0	0
Market Vectors Gold Miners ETF	common stock	57060U100	53	3,000	SH		SOLE		3,000	0	0
Martin Marietta Materials Inc.	common stock	573284106	425	3,000	SH		SOLE		3,000	0	0
MasTec, Inc.	common stock	576323109	2,681	134,927	SH		SOLE		134,927	0	0
McDonald's Corp.	common stock	580135101	21	219	SH		SOLE		219	0	0
Mexico Equity and Income Fund, Inc.	common stock	592834105	187	15,191	SH		SOLE		15,191	0	0
MFS High Yield Municipal Trust	common stock	59318E102	20	5,000	SH		SOLE		5,000	0	0
Mitsubishi UFJ Financial Group, Inc.	common stock	606822104	46	6,383	SH		SOLE		6,383	0	0
Momenta Pharmaceuticals Inc.	common stock	60877T100	2	100	SH		SOLE		100	0	0
Morgan Stanley Asia Pacific Fund	common stock	61744U106	240	15,294	SH		SOLE		15,294	0	0
Morgan Stanley China A Share Fund	common stock	617468103	424	12,500	SH		SOLE		12,500	0	0
Morgan Stanley Emerging Market Debt Fund, Inc.	common stock	61744H105	179	19,899	SH		SOLE		19,899	0	0
Morgan Stanley Emerging Markets Domestic Debt Fund	common stock	617477104	55	6,400	SH		SOLE		6,400	0	0
Morgan Stanley Emerging Markets Fund, Inc.	common stock	61744G107	11	716	SH		SOLE		716	0	0
Morgan Stanley Income Securities Inc.	common stock	61745P874	66	3,843	SH		SOLE		3,843	0	0
Morgan Stanley India Investment Fund	common stock	61745C105	136	4,967	SH		SOLE		4,967	0	0
MVC Capital 7.25% Preferred	preferred stock	553829201	2,910	116,793	SH		SOLE		116,793	0	0
MVC Capital, Inc.	common stock	553829102	26	2,618	SH		SOLE		2,618	0	0
Nasdaq Premium Income & Growth Fund	common stock	670699107	23	1,273	SH		SOLE		1,273	0	0
Neuberger Berman High Yield Strategies Fund	common stock	64128C106	20	1,743	SH		SOLE		1,743	0	0
Neuberger Berman MLP Income Fund	common stock	64129H104	81	5,015	SH		SOLE		5,015	0	0
Neuberger Berman Real Estate Securities Income Fund	common stock	64190A103	34	7,217	SH		SOLE		7,217	0	0
New America High Income Fund, Inc.	common stock	641876800	17	2,000	SH		SOLE		2,000	0	0
New Germany Fund, Inc.	common stock	644465106	1,385	91,849	SH		SOLE		91,849	0	0
New Ireland Fund, Inc.	common stock	645673104	138	10,032	SH		SOLE		10,032	0	0
NexPoint Credit Strategies Fund	common stock	65340G106	2,321	319,361	SH		SOLE		319,361	0	0
NexPoint Residential Trust, Inc.	common stock	65341D102	11	833	SH		SOLE		833	0	0
NextEra Energy, Inc.	common stock	65339F101	1,290	13,155	SH		SOLE		13,155	0	0
Nike, Inc.	common stock	654106103	19	175	SH		SOLE		175	0	0
Norfolk Southern Corp.	common stock	655844108	499	5,750	SH		SOLE		5,750	0	0
Norwegian Cruise Line Holdings Ltd.	common stock	G66721104	2,042	36,443	SH		SOLE		36,443	0	0
Novo Nordisk A/S	common stock	670100205	22	406	SH		SOLE		406	0	0
Nuveen Core Equity Alpha Fund	common stock	67090X107	113	7,138	SH		SOLE		7,138	0	0
Nuveen Credit Strategies Income Fund	common stock	67073D102	2,897	340,404	SH		SOLE		340,404	0	0
Nuveen Diversified Dividend and Income Fund	common stock	6706EP105	87	7,586	SH		SOLE		7,586	0	0
Nuveen Dividend Advantage Municipal Fund 3	common stock	67070X101	84	6,352	SH		SOLE		6,352	0	0
Nuveen Flexible Investment Income Fund	common stock	67075B104	142	8,881	SH		SOLE		8,881	0	0
Nuveen Global Equity Income Fund	common stock	6706EH103	12	1,000	SH		SOLE		1,000	0	0
Nuveen Global High Income Fund	common stock	67075G103	408	24,834	SH		SOLE		24,834	0	0
Nuveen Multi-Market Income Fund, Inc.	common stock	67075J107	878	123,209	SH		SOLE		123,209	0	0
Nuveen Preferred & Income Term Fund	common stock	67075A106	41	1,850	SH		SOLE		1,850	0	0
Nuveen Quality Preferred Income Fund 3	common stock	67072W101	619	76,984	SH		SOLE		76,984	0	0
Nuveen S&P 500 Dynamic Overwrite Fund	common stock	6706EW100	89	6,501	SH		SOLE		6,501	0	0
NXP Semiconductors NV	common stock	N659X109	40	407	SH		SOLE		407	0	0
Occidental Petroleum Corporation	common stock	674599105	16	208	SH		SOLE		208	0	0
Oxford Lane Capital, 7.50% Pfd Series 2023	preferred stock	691543300	17,849	742,175	SH		SOLE		742,175	0	0
Oxford Lane Capital, 8.125% Pfd Series 2024	preferred stock	691543409	11,018	438,970	SH		SOLE		438,970	0	0
Pacholder High Yield Fund Inc.	common stock	693742108	152	22,075	SH		SOLE		22,075	0	0
PCM Fund Inc.	common stock	69323T101	30	3,000	SH		SOLE		3,000	0	0
Pfizer Inc.	common stock	717081103	22	652	SH		SOLE		652	0	0
Philip Morris International, Inc.	common stock	718172109	14	175	SH		SOLE		175	0	0
PIMCO Corporate & Income Strategy Fund	common stock	72200U100	234	16,748	SH		SOLE		16,748	0	0
PIMCO Dynamic Credit Income Fund	common stock	72202D106	6,395	321,984	SH		SOLE		321,984	0	0
PIMCO Dynamic Income Fund	common stock	72201Y101	3,638	126,354	SH		SOLE		126,354	0	0
PIMCO Enchanced Short Maturity Active ETF	common stock	72201R833	2,095	20,729	SH		SOLE		20,729	0	0
PIMCO Income Strategy Fund	common stock	72201H108	235	22,000	SH		SOLE		22,000	0	0
PIMCO Income Strategy Fund II	common stock	72201J104	112	11,610	SH		SOLE		11,610	0	0
Pioneer Diversified High Income Trust	common stock	723653101	3	200	SH		SOLE		200	0	0
Pioneer Municipal High Income Trust	common stock	723763108	157	13,000	SH		SOLE		13,000	0	0
Popular, Inc.	common stock	733174700	837	29,000	SH		SOLE		29,000	0	0
Powershares ETF Trust II	common stock	73936Q843	227	10,000	SH		SOLE		10,000	0	0
PriceSmart Inc.	common stock	741511109	91	1,000	SH		SOLE		1,000	0	0
Prudential PLC	common stock	74435K204	29	605	SH		SOLE		605	0	0
Prudential Short Duration High Yield Fund, Inc.	common stock	74442F107	107	7,001	SH		SOLE		7,001	0	0
Putnam High Income Securities Fund	common stock	746779107	1,405	181,034	SH		SOLE		181,034	0	0
Putnam Premier Income Trust	common stock	746853100	895	176,306	SH		SOLE		176,306	0	0
Rand Capital Corp.	common stock	752185108	8	2,000	SH		SOLE		2,000	0	0
RENN Global Entrepreneurs Fund, Inc.	common stock	759720105	132	106,588	SH		SOLE		106,588	0	0
RMR Real Estate Income Fund	common stock	76970B101	2,579	139,089	SH		SOLE		139,089	0	0
Royal Caribbean Cruises Ltd.	common stock	V7780T103	2,385	30,313	SH		SOLE		30,313	0	0
Royce Global Value Trust, Inc.	common stock	78081T104	142	17,044	SH		SOLE		17,044	0	0
Royce Micro-Cap Trust, Inc.	common stock	780915104	68	7,373	SH		SOLE		7,373	0	0
Royce Value Trust Inc.	common stock	780910105	2,046	148,374	SH		SOLE		148,374	0	0
Salient Midstream & MLP Fund	common stock	79471V105	3,344	165,788	SH		SOLE		165,788	0	0
Schlumberger Limited	common stock	806857108	15	179	SH		SOLE		179	0	0
Seaboard Corp.	common stock	811543107	2,087	580	SH		SOLE		580	0	0
Seacor Holdings, Inc.	common stock	811904101	142	2,000	SH		SOLE		2,000	0	0
Sensata Technologies Holding NV	common stock	N7902X106	28	539	SH		SOLE		539	0	0
Shire PLC	common stock	82481R106	30	123	SH		SOLE		123	0	0
Silver Wheaton Corp.	common stock	828336107	19	1,067	SH		SOLE		1,067	0	0
Simon Property Group Inc.	common stock	828806109	18	102	SH		SOLE		102	0	0
SK Telecom Co. Ltd.	common stock	78440P108	37	1,499	SH		SOLE		1,499	0	0
Source Capital Corp.	common stock	836144105	313	4,301	SH		SOLE		4,301	0	0
Spanish Broadcasting System Inc.	common stock	846425833	68	10,030	SH		SOLE		10,030	0	0
Spirit Airlines, Inc.	common stock	848577102	1,118	18,000	SH		SOLE		18,000	0	0
Sprott Focus Trust, Inc.	common stock	85208J109	357	50,492	SH		SOLE		50,492	0	0
State Street Corporation	common stock	857477103	21	272	SH		SOLE		272	0	0
Steiner Leisure Ltd.	common stock	P8744Y102	1,208	22,467	SH		SOLE		22,467	0	0
Swiss Helvetia Fund Inc.	common stock	870875101	26	2,316	SH		SOLE		2,316	0	0
Syngenta AG	common stock	87160A100	27	335	SH		SOLE		335	0	0
Tahoe Resources Inc.	common stock	873868103	386	31,900	SH		SOLE		31,900	0	0
Taiwan Fund, Inc.	common stock	874036106	617	34,671	SH		SOLE		34,671	0	0
TCW Strategic Income Fund, Inc.	common stock	872340104	223	43,230	SH		SOLE		43,230	0	0
Teco Energy, Inc.	common stock	872375100	708	40,500	SH		SOLE		40,500	0	0
Teekay LNG Partners LP	common stock	Y8564M105	302	9,589	SH		SOLE		9,589	0	0
Tekla Healthcare Investors	common stock	87911J103	3	98	SH		SOLE		98	0	0
Tekla Healthcare Opportunities Fund	common stock	879105104	11,978	607,314	SH		SOLE		607,314	0	0
Templeton Dragon Fund, Inc.	common stock	88018T101	158	6,357	SH		SOLE		6,357	0	0
Teva Parmaceutical Industries Limited	common stock	881624209	71	1,198	SH		SOLE		1,198	0	0
Thai Fund, Inc.	common stock	882904105	204	24,585	SH		SOLE		24,585	0	0
The Bank of Nova Soctia	common stock	064149107	307	6,000	SH		SOLE		6,000	0	0
The Coca-Cola Company	common stock	191216100	15	384	SH		SOLE		384	0	0
The Estee Lauder Companies Inc.	common stock	518439104	15	168	SH		SOLE		168	0	0
The Herzfeld Caribbean Basin Fund, Inc.	common stock	42804T106	3,972	420,107	SH		DFND		318,005	102,102	0
The Home Depot, Inc.	common stock	437076102	17	152	SH		SOLE		152	0	0
The Korea Fund, Inc.	common stock	500634209	1,342	33,085	SH		SOLE		33,085	0	0
The Mexico Fund, Inc.	common stock	592835102	103	5,000	SH		SOLE		5,000	0	0
The Procter & Gamble Company	common stock	742718109	17	223	SH		SOLE		223	0	0
The Western Union Company	common stock	959802109	285	14,000	SH		SOLE		14,000	0	0
Thermo Fisher Scientific, Inc.	common stock	883556102	21	160	SH		SOLE		160	0	0
Tortoise Energy Independence Fund, Inc.	common stock	89148K101	1,687	91,887	SH		SOLE		91,887	0	0
Tortoise Energy Infrastructure	common stock	89147L100	2,967	80,376	SH		SOLE		80,376	0	0
Tortoise Energy Infrastructure, 3.75% Preferred Series B	preferred stock	89147L704	28	2,800	SH		SOLE		2,800	0	0
Tortoise MLP Fund, Inc.	common stock	89148B101	507	23,853	SH		SOLE		23,853	0	0
Tortoise Pipeline & Energy Fund	common stock	89148H108	3,440	134,443	SH		SOLE		134,443	0	0
Toyota Motor Corporation	common stock	892331307	41	303	SH		SOLE		303	0	0
Transamerica Income Shares Inc.	common stock	893506105	9	429	SH		SOLE		429	0	0
Tri-Continental Corp.	common stock	895436103	4,628	218,416	SH		SOLE		218,416	0	0
Tri-Continental Corp., $2.50 Cumulative Preferred Stock	preferred stock	895436202	25	500	SH		SOLE		500	0	0
TripAdvisor Inc.	common stock	896945201	16	183	SH		SOLE		183	0	0
Turkish Investment Fund, Inc.	common stock	900145103	46	4,630	SH		SOLE		4,630	0	0
Ultrapetrol (Bahamas) Ltd.	common stock	P94398107	41	36,000	SH		SOLE		36,000	0	0
United States Oil ETF	common stock	91232N108	20	1,000	SH		SOLE		1,000	0	0
United Technologies Corporation	common stock	913017109	16	143	SH		SOLE		143	0	0
Vanguard Information Technology ETF	common stock	92204A702	11	100	SH		SOLE		100	0	0
Verizon Communications Inc.	common stock	92343V104	13	288	SH		SOLE		288	0	0
Vipshop Holdings Limited	common stock	92763W103	34	1,542	SH		SOLE		1,542	0	0
Virtus Total Return Fund	common stock	92829A103	3,405	782,749	SH		SOLE		782,749	0	0
Vodafone Group PLC	common stock	92857W308	53	1,453	SH		SOLE		1,453	0	0
Vulcan Materials Company	common stock	929160109	336	4,000	SH		SOLE		4,000	0	0
Wal-Mart Stores Inc.	common stock	931142103	18	258	SH		SOLE		258	0	0
Watsco Inc.	common stock	942622200	1,243	10,100	SH		SOLE		10,100	0	0
Wells Fargo Advantage Multi-Sector Income Fund	common stock	94987D101	3	234	SH		SOLE		234	0	0
Western Asset High Yield Defined Opportunity Fund Inc.	common stock	95768B107	261	17,103	SH		SOLE		17,103	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	common stock	95766R104	298	26,794	SH		SOLE		26,794	0	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	common stock	95766Q106	96	8,564	SH		SOLE		8,564	0	0
WisdomTree Japan Hedged Equity	common stock	97717W851	8	143	SH		SOLE		143	0	0
Zweig Fund, Inc.	common stock	989834205	250	17,326	SH		SOLE		17,326	0	0
Zweig Total Return Fund Inc.	common stock	989837208	1,741	136,390	SH		SOLE		136,390	0	0