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, Inc.	common stock	003009107	526	115,107	SH		SOLE		115,107	0	0
Aberdeen Chile Fund Inc.	common stock	00301W105	27	4,800	SH		SOLE		4,800	0	0
Aberdeen Emerging Markets Smaller Company Opportunities Fund, Inc.	common stock	00301T102	54	4,964	SH		SOLE		4,964	0	0
Aberdeen Indonesia Fund, Inc.	common stock	00305P106	132	23,835	SH		SOLE		23,835	0	0
Aberdeen Israel Fund, Inc.	common stock	00301L109	40	2,322	SH		SOLE		2,322	0	0
Aberdeen Japan Equity Fund, Inc.	common stock	00306J109	2,295	298,018	SH		SOLE		298,018	0	0
Aberdeen Singapore Fund, Inc.	common stock	003244100	222	25,967	SH		SOLE		25,967	0	0
ACE Limited	common stock	H0023R105	34	289	SH		SOLE		289	0	0
Adams Diversified Equity Fund, Inc.	common stock	006212104	6,352	495,122	SH		SOLE		495,122	0	0
Adams Natural Resources Fund, Inc.	common stock	00548F105	2,616	147,474	SH		SOLE		147,474	0	0
Advent/Claymore Enhanced Growth & Income Fund	common stock	00765E104	510	61,714	SH		SOLE		61,714	0	0
Alexion Pharmaceuticals, Inc.	common stock	015351109	26	138	SH		SOLE		138	0	0
Alliance California Municipal Income Fund, Inc.	common stock	018546101	364	25,859	SH		SOLE		25,859	0	0
AllianceBernstein National Municipal Income Fund	common stock	01864U106	348	25,189	SH		SOLE		25,189	0	0
AllianzGI Equity & Convertible Income Fund	common stock	018829101	36	2,000	SH		SOLE		2,000	0	0
AllianzGI NFJ Dividend, Interest & Premium Strategy Fund	common stock	01883A107	826	66,707	SH		SOLE		66,707	0	0
Alnylam Pharmaceuticals, Inc.	common stock	02043Q107	5	50	SH		SOLE		50	0	0
Alpine Global Dynamic Dividend Fund	common stock	02082E205	3,301	372,944	SH		SOLE		372,944	0	0
Alpine Total Dynamic Dividend Fund	common stock	021060207	5,685	740,205	SH		SOLE		740,205	0	0
America Movil S.A.B. de C.V.	common stock	02364W105	628	44,690	SH		SOLE		44,690	0	0
Amgen Inc.	common stock	031162100	114	700	SH		SOLE		700	0	0
Apollo Tactical Income Fund Inc	common stock	037638103	727	52,305	SH		SOLE		52,305	0	0
Archer Daniels Midland Company	common stock	039483102	183	5,000	SH		SOLE		5,000	0	0
Ares Dynamic Credit Allocation Fund, Inc.	common stock	04014F102	21	1,596	SH		SOLE		1,596	0	0
ASA Gold and Precious Metals Limited	common stock	G3156P103	22	3,000	SH		SOLE		3,000	0	0
Asia Pacific Fund	common stock	044901106	52	5,150	SH		SOLE		5,150	0	0
ASML Holding NV	common stock	N07059210	32	358	SH		SOLE		358	0	0
AstraZeneca PLC	common stock	046353108	67	1,973	SH		SOLE		1,973	0	0
Atlantic Tele Network, Inc.	common stock	049079205	938	11,988	SH		SOLE		11,988	0	0
Avenue Income Credit Strategies Fund	common stock	05358E106	97	8,552	SH		SOLE		8,552	0	0
Avianca Holdings S.A.	common stock	05367G100	674	157,794	SH		SOLE		157,794	0	0
Baidu, Inc.	common stock	056752108	35	185	SH		SOLE		185	0	0
Bancolombia S.A.	common stock	05968L102	529	19,780	SH		SOLE		19,780	0	0
Bancroft Fund Ltd.	common stock	059695106	533	29,293	SH		SOLE		29,293	0	0
Barclays PLC	common stock	06738E204	31	2,384	SH		SOLE		2,384	0	0
Biogen Inc.	common stock	09062X103	31	100	SH		SOLE		100	0	0
BioMarin Pharmaceutical Inc.	common stock	09061G101	42	400	SH		SOLE		400	0	0
BlackRock Credit Allocation Income Trust	common stock	092508100	300	24,287	SH		SOLE		24,287	0	0
BlackRock Enhanced Equity Dividend Trust	common stock	09251A104	9	1,230	SH		SOLE		1,230	0	0
BlackRock Investment Quality Municipal Trust	common stock	09247D105	31	2,000	SH		SOLE		2,000	0	0
BlackRock Limited Duration Income Trust	common stock	09249W101	4	250	SH		SOLE		250	0	0
BlackRock Long-Term Municipal Advantage Trust	common stock	09250B103	23	2,000	SH		SOLE		2,000	0	0
BlackRock Multi-Sector Income Trust	common stock	09258A107	146	9,226	SH		SOLE		9,226	0	0
BlackRock Municipal Bond Investment Trust	common stock	09249K107	30	2,000	SH		SOLE		2,000	0	0
BlackRock Municipal Bond Trust	common stock	09249H104	3	200	SH		SOLE		200	0	0
BlackRock Municipal Target Term Trust	common stock	09257P105	363	16,828	SH		SOLE		16,828	0	0
BlackRock Resources & Commodities Strategy Trust	common stock	09257A108	119	16,756	SH		SOLE		16,756	0	0
BlackRock Science and Technology Trust	common stock	09258G104	8,930	515,901	SH		SOLE		515,901	0	0
BlackRock Utility & Infrastructure Trust	common stock	09248D104	80	4,746	SH		SOLE		4,746	0	0
Blackstone/GSO Strategic Credit Fund	common stock	09257R101	172	12,901	SH		SOLE		12,901	0	0
Boulder Growth and Income Fund, Inc.	common stock	101507101	12,095	1,562,630	SH		SOLE		1,562,630	0	0
British America Tobacco PLC	common stock	110448107	29	266	SH		SOLE		266	0	0
Brookfield Global Listed Infrastructure Income Fund	common stock	11273Q109	247	21,001	SH		SOLE		21,001	0	0
Brookfield Mortgage Opportunity Income Fund	common stock	112792106	74	5,001	SH		SOLE		5,001	0	0
Brookfield Total Return Fund	common stock	11283U108	427	19,468	SH		SOLE		19,468	0	0
Calamos Global Dynamic Income Fund	common stock	12811L107	106	14,800	SH		SOLE		14,800	0	0
Canadian Natural Resrouces Limited	common stock	136385101	20	922	SH		SOLE		922	0	0
Canadian Pacific Railway Limited	common stock	13645T100	32	253	SH		SOLE		253	0	0
Carnival Corp.	common stock	143658300	1,471	27,000	SH		SOLE		27,000	0	0
Celgene Corporation	common stock	151020104	96	800	SH		SOLE		800	0	0
Cemex, S.A.B. de C.V.	common stock	151290889	815	146,372	SH		SOLE		146,372	0	0
Central Europe Russia and Turkey Fund	common stock	153436100	33	2,014	SH		SOLE		2,014	0	0
Central Fund of Canada Limited (USA)	common stock	153501101	80	8,000	SH		SOLE		8,000	0	0
Central Securities Corp.	common stock	155123102	1,054	55,435	SH		SOLE		55,435	0	0
China Fund, Inc.	common stock	169373107	78	5,000	SH		SOLE		5,000	0	0
China Petroleum & Chemical Corp.	common stock	16941R108	29	489	SH		SOLE		489	0	0
China Unicom (Hong Kong) Limited	common stock	16945R104	18	1,481	SH		SOLE		1,481	0	0
ClearBridge American Energy MLP Fund Inc.	common stock	184691103	100	12,252	SH		SOLE		12,252	0	0
ClearBridge Energy MLP Fund Inc.	common stock	184692101	21	1,400	SH		SOLE		1,400	0	0
ClearBridge Energy MLP Opportunity Fund Inc.	common stock	18469P100	80	6,306	SH		SOLE		6,306	0	0
ClearBridge Energy MLP Total Return Fund Inc.	common stock	18469Q108	261	21,187	SH		SOLE		21,187	0	0
Clough Global Allocation Fund	common stock	18913Y103	40	3,000	SH		SOLE		3,000	0	0
Clough Global Opportunities Fund	common stock	18914E106	809	77,490	SH		SOLE		77,490	0	0
CME Group Inc.	common stock	12572Q105	453	5,000	SH		SOLE		5,000	0	0
Coca Cola Femsa S.A.B. de C.V.	common stock	191241108	623	8,799	SH		SOLE		8,799	0	0
Cohen & Steers Closed-End Opportunity Fund, Inc.	common stock	19248P106	1,453	132,537	SH		SOLE		132,537	0	0
Cohen & Steers Global Income Builder, Inc.	common stock	19248M103	46	4,903	SH		SOLE		4,903	0	0
Cohen & Steers Infrastructure Fund, Inc.	common stock	19248A109	2,048	107,334	SH		SOLE		107,334	0	0
Cohen & Steers Limited Duration Preferres and Income Fund	common stock	19248C105	131	5,800	SH		SOLE		5,800	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund	common stock	19249B106	141	13,476	SH		SOLE		13,476	0	0
Cohen & Steers Total Return Realty Fund	common stock	19247R103	531	42,108	SH		SOLE		42,108	0	0
Consolidated Water Co. Ltd.	common stock	G23773107	1,586	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	2,440	50,550	SH		SOLE		50,550	0	0
Cornerstone Strategic Value Fund Inc.	common stock	21924B302	1,659	105,925	SH		SOLE		105,925	0	0
Cornerstone Total Return Fund, Inc.	common stock	21924U300	166	9,857	SH		SOLE		9,857	0	0
Credicorp Ltd.	common stock	G2519Y108	22	223	SH		SOLE		223	0	0
Cushing MLP Total Return Fund	common stock	231631201	522	48,951	SH		SOLE		48,951	0	0
Cushing Renaissance Fund	common stock	231647108	205	14,387	SH		SOLE		14,387	0	0
Delaware Enhanced Global Dividend & Income Fund	common stock	246060107	402	42,957	SH		SOLE		42,957	0	0
Delaware Investments Dividend & Income Fund, Inc.	common stock	245915103	41	4,703	SH		SOLE		4,703	0	0
Delphi Automotive PLC	common stock	G27823106	35	413	SH		SOLE		413	0	0
Deutsche Multi-Market Income Trust	common stock	25160E102	93	12,133	SH		SOLE		12,133	0	0
Deutsche Strategic Income Trust	common stock	25160F109	19	1,850	SH		SOLE		1,850	0	0
Diageo PLC	common stock	25243Q205	29	268	SH		SOLE		268	0	0
Diversified Real Asset Income Fund	common stock	25533B108	1,314	84,696	SH		SOLE		84,696	0	0
DoubleLine Income Solutions Fund	common stock	258622109	41	2,500	SH		SOLE		2,500	0	0
Dreyfus Municipal Bond Infrastructure Fund, Inc.	common stock	26203D101	237	19,117	SH		SOLE		19,117	0	0
Dreyfus Municipal Income, Inc.	common stock	26201R102	11	1,200	SH		SOLE		1,200	0	0
DTF Tax-Free Income Inc.	common stock	23334J107	64	4,264	SH		SOLE		4,264	0	0
Duff & Phelps Global Utility Income Fund, Inc.	common stock	26433C105	21	1,410	SH		SOLE		1,410	0	0
Duff & Phelps Select Energy MLP Fund Inc.	common stock	26433F108	60	10,000	SH		SOLE		10,000	0	0
Eagle Growth and Income Opportunities Fund	common stock	26958J105	145	9,589	SH		SOLE		9,589	0	0
Eaton Vance California Municipal Income Trust	common stock	27826F101	221	16,582	SH		SOLE		16,582	0	0
Eaton Vance Floating-Rate Income Plus Fund	common stock	278284104	21	1,471	SH		SOLE		1,471	0	0
Eaton Vance Limited Duration Income Fund	common stock	27828H105	40	3,100	SH		SOLE		3,100	0	0
Eaton Vance Risk-Managed Diversified Equity Income Fund	common stock	27829G106	127	12,500	SH		SOLE		12,500	0	0
Eaton Vance Tax-Advantaged Dividend Income Fund	common stock	27828G107	791	40,899	SH		SOLE		40,899	0	0
Eaton Vance Tax-Managed Global Diversified Equity Income Fund	common stock	27829F108	314	35,485	SH		SOLE		35,485	0	0
Eli Lilly and Company	common stock	532457108	51	600	SH		SOLE		600	0	0
Equus Total Return, Inc.	common stock	294766100	118	65,682	SH		SOLE		65,682	0	0
Era Group Inc.	common stock	26885G109	240	21,515	SH		SOLE		21,515	0	0
European Equity Fund, Inc.	common stock	298768102	133	16,464	SH		SOLE		16,464	0	0
Evertec Inc.	common stock	30040P103	396	23,643	SH		SOLE		23,643	0	0
FedEx Corporation	common stock	31428X106	60	400	SH		SOLE		400	0	0
Fibria Celulose SA	common stock	31573A109	29	2,263	SH		SOLE		2,263	0	0
First Trust Dynamic Europe Equity Income Fund	common stock	33740D107	1,501	87,466	SH		SOLE		87,466	0	0
First Trust Energy Infrastructure Fund	common stock	33738C103	2,764	189,411	SH		SOLE		189,411	0	0
First Trust High Income Long/Short Fund	common stock	33738E109	1,005	71,365	SH		SOLE		71,365	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	429	29,514	SH		SOLE		29,514	0	0
First Trust New Opportunities MLP & Energy Fund	common stock	33739M100	305	28,273	SH		SOLE		28,273	0	0
Five Prime Therapeutics, Inc.	common stock	33830X104	2	50	SH		SOLE		50	0	0
Fomento Economico Mexicano, S.A.B. de C.V.	common stock	344419106	1,108	12,000	SH		SOLE		12,000	0	0
Freeport McMoran Copper & Gold	common stock	35671D857	228	33,749	SH		SOLE		33,749	0	0
Fresh Del Monte Produce Inc.	common stock	G36738105	194	5,000	SH		SOLE		5,000	0	0
Gabelli Dividend & Income Trust	common stock	36242H104	2,256	122,229	SH		SOLE		122,229	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	20	3,679	SH		SOLE		3,679	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	24	1,463	SH		SOLE		1,463	0	0
Gabelli Healthcare & Wellness (Rx) Trust	common stock	36246K103	3,115	303,936	SH		SOLE		303,936	0	0
Gabelli Multimedia Trust Inc.	common stock	36239Q109	757	100,873	SH		SOLE		100,873	0	0
GAMCO Global Gold, Natural Resources & Income Trust by Gabelli Preferred Series B	preferred stock	36465A307	11	500	SH		SOLE		500	0	0
GDL Fund	common stock	361570104	100	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	3,897	122,013	SH		SOLE		122,013	0	0
Gilead Sciences Inc.	common stock	375558103	202	2,000	SH		SOLE		2,000	0	0
Goldman Sachs MLP and Energy Renaissance Fund	common stock	38148G107	55	10,000	SH		SOLE		10,000	0	0
Grupo Televisa, S.A.B.	common stock	40049J206	773	28,400	SH		SOLE		28,400	0	0
Guggenheim Enhanced Equity Income Fund	common stock	40167B100	716	93,259	SH		SOLE		93,259	0	0
Guggenheim Enhanced Equity Strategy Fund	common stock	40167K100	855	54,213	SH		SOLE		54,213	0	0
GW Pharmaceuticals PLC	common stock	36197T103	21	308	SH		SOLE		308	0	0
HDFC Bank Ltd.	common stock	40415F101	30	487	SH		SOLE		487	0	0
Health Care Select Sector SPDR ETF	common stock	81369Y209	8	111	SH		SOLE		111	0	0
ICIC Bank Ltd.	common stock	45104G104	23	2,943	SH		SOLE		2,943	0	0
Incyte Corporation	common stock	45337C102	26	242	SH		SOLE		242	0	0
ING Groep N.V.	common stock	456837103	47	3,523	SH		SOLE		3,523	0	0
Ingersoll-Rand PLC	common stock	G47791101	34	615	SH		SOLE		615	0	0
Inovio Pharmaceuticals, Inc.	common stock	45773H201	101	15,000	SH		SOLE		15,000	0	0
Invesco Pennsylvania Value Municipal Income Trust	common stock	46132K109	26	2,000	SH		SOLE		2,000	0	0
Invesco Quality Municipal Income Trust	common stock	46133G107	25	2,000	SH		SOLE		2,000	0	0
iShares MSCI Mexico Capped	common stock	464286822	389	7,800	SH		SOLE		7,800	0	0
iShares Nasdaq Biotechnology	common stock	464287556	12	36	SH		SOLE		36	0	0
iShares TIPS Bond	common stock	464287176	45	410	SH		SOLE		410	0	0
iShares US Medical Devices	common stock	464288810	55	450	SH		SOLE		450	0	0
Japan Smaller Capitalization Fund Inc.	common stock	47109U104	1,372	134,155	SH		SOLE		134,155	0	0
John Hancock Premium Dividend Fund	common stock	41013T105	21	1,509	SH		SOLE		1,509	0	0
John Hancock Tax-Advantaged Dividend Income Fund	common stock	41013V100	13	655	SH		SOLE		655	0	0
JPMorgan Alerian MLP Index ETN	common stock	46625H365	87	3,000	SH		SOLE		3,000	0	0
JPMorgan China Region Fund, Inc.	common stock	48126T104	170	11,067	SH		SOLE		11,067	0	0
Karyopharm Therapeutics Inc.	common stock	48576U106	65	4,868	SH		SOLE		4,868	0	0
Ladenburg Thalman Financial Services Inc.	common stock	50575Q102	28	10,000	SH		SOLE		10,000	0	0
Latin American Discovery Fund Inc.	common stock	51828C106	6	800	SH		SOLE		800	0	0
Legg Mason BW Global Income Opportunities Fund	common stock	52469B100	45	3,864	SH		SOLE		3,864	0	0
Lennar Corp.	common stock	526057104	2,421	49,500	SH		SOLE		49,500	0	0
Liberty All-Star Equity Fund	common stock	530158104	4,648	868,865	SH		SOLE		868,865	0	0
Liberty All-Star Growth Fund, Inc.	common stock	529900102	588	128,345	SH		SOLE		128,345	0	0
Liberty Global PLC	common stock	G5480U104	30	702	SH		SOLE		702	0	0
LivaNova PLC	common stock	G5509L101	495	8,330	SH		SOLE		8,330	0	0
Lloyds Banking Group PLC	common stock	539439109	31	7,211	SH		SOLE		7,211	0	0
LMP Capital and Income Fund, Inc.	common stock	50208A102	418	33,771	SH		SOLE		33,771	0	0
LMP Corporate Loan Fund Inc.	common stock	50208B100	6	600	SH		SOLE		600	0	0
LyondellBasell Industries N.V.	common stock	N53745100	29	336	SH		SOLE		336	0	0
Macquarie Global Infrastructure Total Return Fund Inc.	common stock	55608D101	487	25,561	SH		SOLE		25,561	0	0
Magna International Inc.	common stock	559222401	13	312	SH		SOLE		312	0	0
MainStay DefinedTerm Municipal Opportunities Fund	common stock	56064K100	151	8,032	SH		SOLE		8,032	0	0
Mallinckrodt Public Limitied Company	common stock	G5785G107	30	405	SH		SOLE		405	0	0
Mankind Corporation	common stock	56400P201	1	1,000	SH		SOLE		1,000	0	0
Market Vectors Gold Miners ETF	common stock	57060U100	41	3,000	SH		SOLE		3,000	0	0
Marriott Vacations Worldwide Corp.	common stock	57164Y107	506	8,890	SH		SOLE		8,890	0	0
Martin Marietta Materials Inc.	common stock	573284106	410	3,000	SH		SOLE		3,000	0	0
MasTec, Inc.	common stock	576323109	2,345	134,927	SH		SOLE		134,927	0	0
Mattel, Inc.	common stock	577081102	31	1,151	SH		SOLE		1,151	0	0
Merck & Co. Inc.	common stock	58933Y105	106	2,000	SH		SOLE		2,000	0	0
Mexico Equity and Income Fund, Inc.	common stock	592834105	233	21,692	SH		SOLE		21,692	0	0
MFS High Income Muicipal Trust	common stock	59318D104	152	30,936	SH		SOLE		30,936	0	0
MFS High Yield Municipal Trust	common stock	59318E102	225	49,791	SH		SOLE		49,791	0	0
MFS Investment Grade Municipal Trust	common stock	59318B108	20	2,000	SH		SOLE		2,000	0	0
MFS Municipal Income Trust	common stock	552738106	180	26,435	SH		SOLE		26,435	0	0
Mitsubishi UFJ Financial Group, Inc.	common stock	606822104	40	6,383	SH		SOLE		6,383	0	0
Momenta Pharmaceuticals Inc.	common stock	60877T100	1	100	SH		SOLE		100	0	0
Morgan Stanley Asia Pacific Fund	common stock	61744U106	207	14,987	SH		SOLE		14,987	0	0
Morgan Stanley China A Share Fund	common stock	617468103	2,965	148,943	SH		SOLE		148,943	0	0
Morgan Stanley Emerging Market Debt Fund, Inc.	common stock	61744H105	171	19,899	SH		SOLE		19,899	0	0
Morgan Stanley Emerging Markets Domestic Debt Fund	common stock	617477104	476	70,000	SH		SOLE		70,000	0	0
Morgan Stanley Emerging Markets Fund, Inc.	common stock	61744G107	9	716	SH		SOLE		716	0	0
Morgan Stanley Income Securities Inc.	common stock	61745P874	36	2,125	SH		SOLE		2,125	0	0
Morgan Stanley India Investment Fund	common stock	61745C105	127	4,967	SH		SOLE		4,967	0	0
MVC Capital 7.25% Preferred	preferred stock	553829201	3,953	160,695	SH		SOLE		160,695	0	0
MVC Capital, Inc.	common stock	553829102	19	2,618	SH		SOLE		2,618	0	0
Nasdaq Premium Income & Growth Fund	common stock	670699107	26	1,324	SH		SOLE		1,324	0	0
National Grid PLC	common stock	636274300	30	428	SH		SOLE		428	0	0
Neuberger Berman High Yield Strategies Fund	common stock	64128C106	7	700	SH		SOLE		700	0	0
Neuberger Berman Real Estate Securities Income Fund	common stock	64190A103	36	7,218	SH		SOLE		7,218	0	0
New Germany Fund, Inc.	common stock	644465106	1,537	104,546	SH		SOLE		104,546	0	0
New Ireland Fund, Inc.	common stock	645673104	122	8,732	SH		SOLE		8,732	0	0
NexPoint Credit Strategies Fund	common stock	65340G205	3,126	152,911	SH		SOLE		152,911	0	0
NexPoint Residential Trust, Inc.	common stock	65341D102	11	833	SH		SOLE		833	0	0
NextEra Energy, Inc.	common stock	65339F101	1,351	13,000	SH		SOLE		13,000	0	0
Norfolk Southern Corp.	common stock	655844108	486	5,750	SH		SOLE		5,750	0	0
Norwegian Cruise Line Holdings Ltd.	common stock	G66721104	2,136	36,443	SH		SOLE		36,443	0	0
Nuveen California Dividend Advantage Municipal Fund 3	common stock	67070Y109	14	1,000	SH		SOLE		1,000	0	0
Nuveen Core Equity Alpha Fund	common stock	67090X107	88	6,177	SH		SOLE		6,177	0	0
Nuveen Credit Strategies Income Fund	common stock	67073D102	2,589	330,189	SH		SOLE		330,189	0	0
Nuveen Diversified Dividend and Income Fund	common stock	6706EP105	82	7,586	SH		SOLE		7,586	0	0
Nuveen Dividend Advantage Municipal Fund 2	common stock	67070F100	166	11,757	SH		SOLE		11,757	0	0
Nuveen Dividend Advantage Municipal Fund 3	common stock	67070X101	91	6,352	SH		SOLE		6,352	0	0
Nuveen Dividend Advantage Municipal Income Fund	common stock	67071L106	315	21,760	SH		SOLE		21,760	0	0
Nuveen Flexible Investment Income Fund	common stock	67075B104	130	8,881	SH		SOLE		8,881	0	0
Nuveen Global Equity Income Fund	common stock	6706EH103	11	1,000	SH		SOLE		1,000	0	0
Nuveen Global High Income Fund	common stock	67075G103	332	24,149	SH		SOLE		24,149	0	0
Nuveen Maryland Premium Income Municipal Fund	common stock	67061Q107	25	2,000	SH		SOLE		2,000	0	0
Nuveen Multi-Market Income Fund, Inc.	common stock	67075J107	939	132,269	SH		SOLE		132,269	0	0
Nuveen Municipal Advantage Fund, Inc.	common stock	67062H106	35	2,500	SH		SOLE		2,500	0	0
Nuveen Municipal Market Opportunity Fund, Inc.	common stock	67062W103	28	2,000	SH		SOLE		2,000	0	0
Nuveen Municipal Opportunity Fund, Inc.	common stock	670984103	153	10,671	SH		SOLE		10,671	0	0
Nuveen Quality Income Municipal Fund, Inc.	common stock	670977107	57	4,000	SH		SOLE		4,000	0	0
Nuveen Quality Municipal Fund, Inc.	common stock	67062N103	207	15,200	SH		SOLE		15,200	0	0
Nuveen Quality Preferred Income Fund 3	common stock	67072W101	26	3,084	SH		SOLE		3,084	0	0
Nuveen S&P 500 Dynamic Overwrite Fund	common stock	6706EW100	227	16,878	SH		SOLE		16,878	0	0
Nuveen Select Quality Municipal Fund, Inc.	common stock	670973106	153	10,890	SH		SOLE		10,890	0	0
Nuveen Select Tax-Free Income Portfolio 3	common stock	67063X100	36	2,500	SH		SOLE		2,500	0	0
Nuveen Tax-Advantaged Dividend Growth Fund	common stock	67073G105	131	9,400	SH		SOLE		9,400	0	0
NXP Semiconductors NV	common stock	N6596X109	34	407	SH		SOLE		407	0	0
Oxford Lane Capital, 7.50% Pfd Series 2023	preferred stock	691543300	19,399	804,614	SH		SOLE		804,614	0	0
Oxford Lane Capital, 8.125% Pfd Series 2024	preferred stock	691543409	12,217	482,700	SH		SOLE		482,700	0	0
Pacholder High Yield Fund, Inc.	common stock	693742108	134	22,075	SH		SOLE		22,075	0	0
PCM Fund Inc.	common stock	69323T101	40	4,309	SH		SOLE		4,309	0	0
PIMCO Corporate & Income Strategy Fund	common stock	72200U100	737	54,972	SH		SOLE		54,972	0	0
PIMCO Dynamic Credit Income Fund	common stock	72202D106	5,638	312,690	SH		SOLE		312,690	0	0
PIMCO Enchanced Short Maturity Active ETF	common stock	72201R833	3,503	34,822	SH		SOLE		34,822	0	0
PIMCO Income Opportunity Fund	common stock	72202B100	697	32,924	SH		SOLE		32,924	0	0
PIMCO Income Strategy Fund	common stock	72201H108	851	87,354	SH		SOLE		87,354	0	0
PIMCO Income Strategy Fund II	common stock	72201J104	336	38,310	SH		SOLE		38,310	0	0
PIMCO Municipal Income Fund II	common stock	72200W106	25	2,000	SH		SOLE		2,000	0	0
PIMCO New York Municipal Income Fund	common stock	72200T103	24	2,000	SH		SOLE		2,000	0	0
Pioneer Diversified High Income Trust	common stock	723653101	3	200	SH		SOLE		200	0	0
Popular, Inc.	common stock	733174700	822	29,000	SH		SOLE		29,000	0	0
PowerShares CEF Income Composite ETF	common stock	73936Q843	2,356	110,390	SH		SOLE		110,390	0	0
PriceSmart Inc.	common stock	741511109	83	1,000	SH		SOLE		1,000	0	0
Prudential PLC	common stock	74435K204	27	605	SH		SOLE		605	0	0
Prudential Short Duration High Yield Fund, Inc.	common stock	74442F107	64	4,391	SH		SOLE		4,391	0	0
Putnam High Income Securities Fund	common stock	746779107	174	23,796	SH		SOLE		23,796	0	0
Putnam Premier Income Trust	common stock	746853100	239	48,242	SH		SOLE		48,242	0	0
Quantum Fuel Systems Technologies Worldwide Inc.	common stock	74765E307	1	1,000	SH		SOLE		1,000	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	87	97,088	SH		SOLE		97,088	0	0
RMR Real Estate Income Fund	common stock	76970B101	2,692	139,607	SH		SOLE		139,607	0	0
Royal Caribbean Cruises Ltd.	common stock	V7780T103	3,068	30,313	SH		SOLE		30,313	0	0
Royal Dutch Shell PLC	common stock	780259107	1,092	708	SH		SOLE		708	0	0
Royce Global Value Trust, Inc.	common stock	78081T104	117	15,655	SH		SOLE		15,655	0	0
Royce Micro-Cap Trust, Inc.	common stock	780915104	38	5,194	SH		SOLE		5,194	0	0
Royce Value Trust Inc.	common stock	780910105	1,882	159,922	SH		SOLE		159,922	0	0
Salient Midstream & MLP Fund	common stock	79471V105	2,284	239,697	SH		SOLE		239,697	0	0
Seaboard Corp.	common stock	811543107	1,679	580	SH		SOLE		580	0	0
Seacor Holdings, Inc.	common stock	811904101	105	2,000	SH		SOLE		2,000	0	0
Sensata Technologies Holding NV	common stock	N7902X106	25	539	SH		SOLE		539	0	0
Shire PLC	common stock	82481R106	34	167	SH		SOLE		167	0	0
SK Telecom Co. Ltd.	common stock	78440P108	46	2,284	SH		SOLE		2,284	0	0
Source Capital Corp.	common stock	836144105	12,877	194,346	SH		SOLE		194,346	0	0
Spanish Broadcasting System Inc.	common stock	846425833	32	10,030	SH		SOLE		10,030	0	0
Special Opportunites Fund, Inc.	common stock	84741T104	1,211	91,772	SH		SOLE		91,772	0	0
Spirit Airlines, Inc.	common stock	848577102	956	24,000	SH		SOLE		24,000	0	0
Sprott Focus Trust, Inc.	common stock	85208J109	301	51,908	SH		SOLE		51,908	0	0
Swiss Helvetia Fund Inc.	common stock	870875101	24	2,316	SH		SOLE		2,316	0	0
Tahoe Resources Inc.	common stock	873868103	277	31,900	SH		SOLE		31,900	0	0
Taiwan Fund, Inc.	common stock	874036106	517	35,321	SH		SOLE		35,321	0	0
Taiwan Semiconductor Manufacturing Company Limited	common stock	874039100	21	942	SH		SOLE		942	0	0
TCW Strategic Income Fund, Inc.	common stock	872340104	116	22,000	SH		SOLE		22,000	0	0
Teekay LNG Partners LP	common stock	Y8564M105	126	9,589	SH		SOLE		9,589	0	0
Tekla Healthcare Investors	common stock	87911J103	1,695	57,139	SH		SOLE		57,139	0	0
Tekla Healthcare Opportunities Fund	common stock	879105104	8,659	497,935	SH		SOLE		497,935	0	0
Tekla Life Sciences Investors	common stock	87911K100	1	61	SH		SOLE		61	0	0
Tekla World Healthcare Fund	common stock	87911L108	5,515	348,358	SH		SOLE		348,358	0	0
Telefonica Brasil SA	common stock	87936R106	17	1,838	SH		SOLE		1,838	0	0
Templeton Dragon Fund, Inc.	common stock	88018T101	297	16,657	SH		SOLE		16,657	0	0
Teva Parmaceutical Industries Limited	common stock	881624209	69	1,046	SH		SOLE		1,046	0	0
Thai Fund, Inc.	common stock	882904105	149	21,764	SH		SOLE		21,764	0	0
The Bank of Nova Soctia	common stock	064149107	243	6,000	SH		SOLE		6,000	0	0
The Estee Lauder Companies Inc.	common stock	518439104	19	216	SH		SOLE		216	0	0
The Herzfeld Caribbean Basin Fund, Inc.	common stock	42804T106	2,781	420,107	SH		DFND		318,005	102,102	0
The Korea Fund, Inc.	common stock	500634209	985	30,935	SH		SOLE		30,935	0	0
The Mexico Fund, Inc.	common stock	592835102	220	13,245	SH		SOLE		13,245	0	0
The Western Union Company	common stock	959802109	251	14,000	SH		SOLE		14,000	0	0
Tortoise Energy Independence Fund, Inc.	common stock	89148K101	575	51,000	SH		SOLE		51,000	0	0
Tortoise Energy Infrastructure	common stock	89147L100	2,002	71,954	SH		SOLE		71,954	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	830	47,811	SH		SOLE		47,811	0	0
Tortoise Pipeline & Energy Fund	common stock	89148H108	2,227	153,484	SH		SOLE		153,484	0	0
Tortoise Power and Energy Infrastructure Fund, Inc.	common stock	89147X104	693	41,292	SH		SOLE		41,292	0	0
Toyota Motor Corporation	common stock	892331307	37	303	SH		SOLE		303	0	0
Tri-Continental Corp.	common stock	895436103	4,838	241,638	SH		SOLE		241,638	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	36	4,630	SH		SOLE		4,630	0	0
Ultrapetrol (Bahamas) Ltd.	common stock	P94398107	4	36,000	SH		SOLE		36,000	0	0
Unilever NV	common stock	904784709	34	790	SH		SOLE		790	0	0
United States Oil ETF	common stock	91232N108	11	1,000	SH		SOLE		1,000	0	0
Vanguard Information Technology ETF	common stock	92204A702	11	100	SH		SOLE		100	0	0
Velocity Shares Daily Inverse VIX	common stock	22542D795	77	3,000	SH		SOLE		3,000	0	0
Vipshop Holdings Limited	common stock	92763W103	29	1,926	SH		SOLE		1,926	0	0
Virtus Total Return Fund	common stock	92829A103	2,438	639,830	SH		SOLE		639,830	0	0
Vodafone Group PLC	common stock	92857W308	47	1,453	SH		SOLE		1,453	0	0
Vulcan Materials Company	common stock	929160109	380	4,000	SH		SOLE		4,000	0	0
Watsco Inc.	common stock	942622200	1,183	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 Worldwide Income Fund Inc.	common stock	957668106	45	4,506	SH		SOLE		4,506	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	common stock	95766R104	51	5,000	SH		SOLE		5,000	0	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	common stock	95766Q106	56	5,340	SH		SOLE		5,340	0	0
WisdomTree Japan Hedged Equity	common stock	97717W851	7	143	SH		SOLE		143	0	0
YieldShares High Income ETF	common stock	301505301	105	5,900	SH		SOLE		5,900	0	0
Zweig Fund, Inc.	common stock	989834205	195	14,863	SH		SOLE		14,863	0	0
Zweig Total Return Fund Inc.	common stock	989837208	1,749	143,629	SH		SOLE		143,629	0	0