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
Estimated average burden
hours per response:		23.8

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 Co	COM	88579Y101	158	760	SH		SOLE		760	0	0
ABB Ltd	SPONSORED ADR	000375204	8	340	SH		SOLE		340	0	0
Aberdeen Chile Fund Inc	COM	00301W105	77	10,859	SH		SOLE		10,859	0	0
Aberdeen Emerging Markets Smaller Co Opportunities Fund Inc	COM	00301T102	244	17,680	SH		SOLE		17,680	0	0
Aberdeen Greater China Fund Inc	COM	003031101	23	2,000	SH		SOLE		2,000	0	0
Aberdeen Indonesia Fund Inc	COM	00305P106	129	17,000	SH		SOLE		17,000	0	0
Aberdeen Israel Fund Inc	COM	00301L109	69	3,550	SH		SOLE		3,550	0	0
Aberdeen Japan Equity Fund Inc	COM	00306J109	2,513	295,608	SH		OTR	1	203,215	92,393	0
Aberdeen Latin America Equity Fund Inc	COM	00306K106	512	22,110	SH		OTR	1	4,000	18,110	0
Aberdeen Singapore Fund Inc	COM	003244100	134	12,135	SH		SOLE		12,135	0	0
Adams Diversified Equity Fund Inc	COM	006212104	7,090	496,177	SH		OTR	1	414,186	81,991	0
Adams Natural Resources Fund Inc	COM	00548F105	2,832	151,460	SH		OTR	1	52,252	99,208	0
Advent Claymore Convertible Securities and Income Fund II	COM	007639107	47	7,516	SH		SOLE		7,516	0	0
Advent/Claymore Enhanced Growth & Income Fund	COM	00765E104	465	53,177	SH		SOLE		53,177	0	0
Alexion Pharmaceuticals Inc	COM	015351109	16	134	SH		SOLE		134	0	0
Allegion PLC	ORD SHS	G0176J109	10	126	SH		SOLE		126	0	0
Alliance California Municipal Income Fund Inc	COM	018546101	240	17,511	SH		SOLE		17,511	0	0
AllianceBernstein Global High Income Fund Inc	COM	01879R106	41	3,140	SH		SOLE		3,140	0	0
AllianceBernstein National Municipal Income Fund Inc	COM	01864U106	310	22,655	SH		SOLE		22,655	0	0
AllianzGI Equity & Convertible Income Fund	COM	018829101	40	2,000	SH		SOLE		2,000	0	0
AllianzGI NFJ Dividend Interest & Premium Strategy Fund	COM	01883A107	1,516	115,788	SH		OTR	1	4,080	111,708	0
Alpine Global Dynamic Dividend Fund	COM NEW	02082E205	3,179	310,761	SH		OTR	1	203,902	106,859	0
Alpine Total Dynamic Dividend Fund	COM SH BEN INT N	021060207	6,216	715,295	SH		OTR	1	509,486	205,809	0
America Movil SAB de CV	SPON ADR L SHS	02364W105	711	44,690	SH		SOLE		44,690	0	0
American Electric Power Co Inc	COM	025537101	7	99	SH		SOLE		99	0	0
American Express Co	COM	025816109	67	793	SH		SOLE		793	0	0
Amgen Inc	COM	031162100	121	700	SH		SOLE		700	0	0
Apple Inc	COM	037833100	108	751	SH		SOLE		751	0	0
Ares Dynamic Credit Allocation Fund Inc	COM	04014F102	159	9,696	SH		SOLE		9,696	0	0
ASA Gold and Precious Metals Ltd	SHS	G3156P103	58	5,000	SH		SOLE		5,000	0	0
Asia Tigers Fund Inc	COM	04516T105	24	2,000	SH		SOLE		2,000	0	0
ASML Holding NV	N Y REGISTRY SHS	N07059210	15	117	SH		SOLE		117	0	0
AstraZeneca PLC	SPONSORED ADR	046353108	12	352	SH		SOLE		352	0	0
ATN International Inc	COM	00215F107	820	11,988	SH		SOLE		11,988	0	0
Avenue Income Credit Strategies Fund	COM	05358E106	2,140	153,861	SH		OTR	1	96,005	57,856	0
Avianca Holdings SA	SPON ADR REP PFD	05367G100	1,440	221,569	SH		SOLE		221,569	0	0
Baidu Inc	SPON ADR REP A	056752108	9	49	SH		SOLE		49	0	0
Banco Bilbao Vizcaya Argentaria SA	SPONSORED ADR	05946K101	38	4,576	SH		SOLE		4,576	0	0
Bancolombia SA	SPON ADR PREF	05968L102	881	19,780	SH		SOLE		19,780	0	0
Bancroft Fund Ltd	COM	059695106	38	1,746	SH		SOLE		1,746	0	0
BHP Billiton Ltd	SPONSORED ADR	088606108	9	248	SH		SOLE		248	0	0
BioMarin Pharmaceutical Inc	COM	09061G101	36	400	SH		SOLE		400	0	0
BlackRock Credit Allocation Income Trust	COM	092508100	1,260	93,695	SH		OTR	1	31,191	62,504	0
BlackRock Enhanced Equity Dividend Trust	COM	09251A104	12	1,367	SH		SOLE		1,367	0	0
BlackRock Limited Duration Income Trust	COM SHS	09249W101	4	250	SH		SOLE		250	0	0
BlackRock Multi-Sector Income Trust	COM	09258A107	193	10,651	SH		SOLE		10,651	0	0
BlackRock Muni Intermediate Duration Fund Inc	COM	09253X102	135	9,580	SH		SOLE		9,580	0	0
BlackRock MuniHoldings California Quality Fund Inc	COM	09254L107	72	5,000	SH		SOLE		5,000	0	0
BlackRock Resources & Commodities Strategy Trust	SHS	09257A108	126	15,756	SH		SOLE		15,756	0	0
Blackrock Science & Technology Trust	SHS	09258G104	11,787	530,729	SH		OTR	1	407,428	123,301	0
Blackstone / GSO Strategic Credit Fund	COM SH BEN IN	09257R101	162	10,181	SH		SOLE		10,181	0	0
Boulder Growth & Income Fund Inc	COM	101507101	14,438	1,486,888	SH		OTR	1	1,183,786	303,102	0
Bristol-Myers Squibb Co	COM	110122108	95	1,700	SH		SOLE		1,700	0	0
British American Tobacco PLC	SPONSORED ADR	110448107	11	156	SH		SOLE		156	0	0
Brookfield Real Assets Income Fund Inc	SH BEN INT	112830104	113	4,855	SH		SOLE		4,855	0	0
BT Group PLC	ADR	05577E101	36	1,843	SH		SOLE		1,843	0	0
Canadian Natural Resources Ltd	COM	136385101	8	286	SH		SOLE		286	0	0
Carnival Corp	UNIT	143658300	1,705	26,000	SH		SOLE		26,000	0	0
Caterpillar Inc	COM	149123101	76	708	SH		SOLE		708	0	0
Celgene Corp	COM	151020104	104	800	SH		SOLE		800	0	0
Cemex SAB de CV	SPON ADR NEW	151290889	2,314	245,645	SH		SOLE		245,645	0	0
Central and Eastern Europe Fund Inc	COM	153436100	39	1,779	SH		SOLE		1,779	0	0
Central Fund of Canada Ltd	CL A	153501101	99	8,000	SH		SOLE		8,000	0	0
Central Securities Corp	COM	155123102	9,006	361,270	SH		OTR	1	239,222	122,048	0
Chevron Corp	COM	166764100	75	721	SH		SOLE		721	0	0
China Petroleum & Chemical Corp	SPON ADR H SHS	16941R108	9	114	SH		SOLE		114	0	0
Chubb Ltd	COM	H1467J104	10	68	SH		SOLE		68	0	0
Cisco Systems Inc	COM	17275R102	22	710	SH		SOLE		710	0	0
ClearBridge American Energy MLP Fund Inc	COM	184691103	313	34,837	SH		SOLE		34,837	0	0
Clough Global Opportunities Fund	SH BEN INT	18914E106	3	300	SH		SOLE		300	0	0
Coca-Cola European Partners PLC	SHS	G25839104	10	237	SH		SOLE		237	0	0
Cohen & Steers Global Income Builder Inc	COM	19248M103	6	635	SH		SOLE		635	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund Inc	COM SHS	19249B106	747	68,783	SH		OTR	1	48,170	20,613	0
Consolidated Water Co Ltd	ORD	G23773107	1,606	129,538	SH		SOLE		129,538	0	0
Copa Holdings SA	CL A	P31076105	3,776	32,273	SH		SOLE		32,273	0	0
Cornerstone Strategic Value Fund Inc	COM	21924B302	15	936	SH		SOLE		936	0	0
Credit Suisse Group AG	SPONSORED ADR	225401108	8	563	SH		SOLE		563	0	0
Ctrip.com International Ltd	AMERICAN DEP SHS	22943F100	6	108	SH		SOLE		108	0	0
CVS Health Corp	COM	126650100	4	48	SH		SOLE		48	0	0
Delaware Enhanced Global Dividend and Income Fund	COM	246060107	432	37,855	SH		OTR	1	18,983	18,872	0
Delaware Investments Dividend & Income Fund Inc	COM	245915103	1	48	SH		SOLE		48	0	0
Deutsche Multi-Market Income Trust	SHS	25160E102	42	4,751	SH		SOLE		4,751	0	0
Deutsche Strategic Income Trust	SHS	25160F109	5	400	SH		SOLE		400	0	0
Diageo PLC	SPON ADR NEW	25243Q205	8	70	SH		SOLE		70	0	0
Diversified Real Asset Income Fund	COM SHS	25533B108	1,262	72,321	SH		OTR	1	52,695	19,626	0
Dominion Energy Inc	COM	25746U109	7	95	SH		SOLE		95	0	0
Dreyfus Municipal Bond Infrastructure Fund Inc	SHS	26203D101	315	24,037	SH		SOLE		24,037	0	0
Dreyfus Municipal Income Inc	COM	26201R102	31	3,441	SH		SOLE		3,441	0	0
Eagle Point Credit Co Inc	COM	269808101	63	3,050	SH		SOLE		3,050	0	0
Eaton Vance California Municipal Bond Fund II	COM	27828C106	342	28,674	SH		SOLE		28,674	0	0
Eaton Vance California Municipal Income Trust	SH BEN INT	27826F101	412	32,904	SH		SOLE		32,904	0	0
Eaton Vance Enhanced Equity Income Fund	COM	278274105	3	250	SH		SOLE		250	0	0
Eaton Vance New York Municipal Bond Fund II	COM	27828T109	237	20,000	SH		SOLE		20,000	0	0
EI du Pont de Nemours & Co	COM	263534109	65	808	SH		SOLE		808	0	0
Eli Lilly & Co	COM	532457108	49	600	SH		SOLE		600	0	0
Empire State Realty Trust Inc	CL A	292104106	704	33,894	SH		SOLE		33,894	0	0
Equus Total Return Inc	COM	294766100	127	53,796	SH		SOLE		53,796	0	0
Era Group Inc	COM	26885G109	204	21,515	SH		SOLE		21,515	0	0
EVERTEC Inc	COM	30040P103	409	23,643	SH		SOLE		23,643	0	0
Exxon Mobil Corp	COM	30231G102	65	807	SH		SOLE		807	0	0
First BanCorp/Puerto Rico	COM NEW	318672706	1,337	230,875	SH		SOLE		230,875	0	0
First Trust Dynamic Europe Equity Income Fund	COM SHS	33740D107	1,644	88,497	SH		OTR	1	41,042	47,455	0
First Trust Energy Infrastructure Fund	COM	33738C103	833	44,370	SH		SOLE		44,370	0	0
First Trust High Income Long/Short Fund	COM	33738E109	353	20,501	SH		SOLE		20,501	0	0
First Trust Mortgage Income Fund	COM SHS	33734E103	36	2,535	SH		SOLE		2,535	0	0
Fomento Economico Mexicano SAB de CV	SPON ADR UNITS	344419106	1,437	14,610	SH		SOLE		14,610	0	0
Franklin Limited Duration Income Trust	COM	35472T101	339	28,651	SH		OTR	1	0	28,651	0
Fresh Del Monte Produce Inc	ORD	G36738105	255	5,000	SH		SOLE		5,000	0	0
Gabelli Equity Trust Inc	COM	362397101	27	4,304	SH		SOLE		4,304	0	0
General American Investors Co Inc	COM	368802104	4,872	141,828	SH		OTR	1	109,142	32,686	0
General Electric Co	COM	369604103	28	1,022	SH		SOLE		1,022	0	0
Gildan Activewear Inc	COM	375916103	6	193	SH		SOLE		193	0	0
Gilead Sciences Inc	COM	375558103	142	2,000	SH		SOLE		2,000	0	0
Goldman Sachs MLP Income Opportunities Fund	COM SHS	38147W103	14	1,451	SH		SOLE		1,451	0	0
Grupo Aeroportuario del Sureste SAB de CV	SPON ADR SER B	40051E202	442	2,100	SH		SOLE		2,100	0	0
Grupo Televisa SAB	SPON ADR REP ORD	40049J206	692	28,400	SH		SOLE		28,400	0	0
Guggenheim Enhanced Equity Income Fund	COM	40167B100	26	3,191	SH		SOLE		3,191	0	0
GW Pharmaceuticals PLC	ADS	36197T103	6	63	SH		SOLE		63	0	0
ICICI Bank Ltd	ADR	45104G104	38	4,225	SH		SOLE		4,225	0	0
Incyte Corp	COM	45337C102	30	242	SH		SOLE		242	0	0
ING Groep NV	SPONSORED ADR	456837103	8	442	SH		SOLE		442	0	0
Ingersoll-Rand PLC	SHS	G47791101	10	111	SH		SOLE		111	0	0
Inovio Pharmaceuticals Inc	COM NEW	45773H201	118	15,000	SH		SOLE		15,000	0	0
Insight Select Income Fund	COM	45781W109	65	3,300	SH		SOLE		3,300	0	0
Intel Corp	COM	458140100	31	932	SH		SOLE		932	0	0
International Business Machines Corp	COM	459200101	119	775	SH		SOLE		775	0	0
iShares Nasdaq Biotechnology ETF	NASDQ BIOTEC ETF	464287556	186	600	SH		SOLE		600	0	0
iShares Short Maturity Bond ETF	SHT MAT BD ETF	46431W507	503	10,000	SH		SOLE		10,000	0	0
iShares TIPS Bond ETF	TIPS BD ETF	464287176	47	410	SH		SOLE		410	0	0
iShares U.S. Medical Devices ETF	U.S. MED DVC ETF	464288810	475	2,850	SH		SOLE		2,850	0	0
Itau Unibanco Holding SA	SPON ADR REP PFD	465562106	17	1,498	SH		SOLE		1,498	0	0
Japan Smaller Capitalization Fund Inc	COM	47109U104	2,053	178,796	SH		OTR	1	80,868	97,928	0
John Hancock Tax-Advantaged Dividend Income Fund	COM	41013V100	17	656	SH		SOLE		656	0	0
Johnson & Johnson	COM	478160104	102	768	SH		SOLE		768	0	0
JPMorgan Chase & Co	COM	46625H100	75	820	SH		SOLE		820	0	0
Karyopharm Therapeutics Inc	COM	48576U106	44	4,868	SH		SOLE		4,868	0	0
Koninklijke Philips NV	NY REG SH NEW	500472303	33	927	SH		SOLE		927	0	0
Ladenburg Thalmann Financial Services Inc	COM	50575Q102	24	10,000	SH		SOLE		10,000	0	0
Legg Mason BW Global Income Opportunities Fund Inc	COM	52469B100	51	3,864	SH		SOLE		3,864	0	0
Lennar Corp	CL A	526057104	2,639	49,500	SH		SOLE		49,500	0	0
Liberty All Star Equity Fund	SH BEN INT	530158104	5,882	1,039,181	SH		OTR	1	826,466	212,715	0
Liberty All Star Growth Fund Inc	COM	529900102	363	73,831	SH		SOLE		73,831	0	0
LivaNova PLC	SHS	G5509L101	510	8,330	SH		SOLE		8,330	0	0
LMP Capital and Income Fund Inc	COM	50208A102	111	7,833	SH		SOLE		7,833	0	0
Macquarie Global Infrastructure Total Return Fund Inc	COM	55608D101	372	14,903	SH		SOLE		14,903	0	0
Manulife Financial Corp	COM	56501R106	7	399	SH		SOLE		399	0	0
Marriott Vacations Worldwide Corp	COM	57164Y107	1,030	8,745	SH		SOLE		8,745	0	0
Martin Marietta Materials Inc	COM	573284106	668	3,000	SH		SOLE		3,000	0	0
MasTec Inc	COM	576323109	5,122	113,452	SH		SOLE		113,452	0	0
Mastercard Inc	CL A	57636Q104	29	235	SH		SOLE		235	0	0
McDonald's Corp	COM	580135101	120	782	SH		SOLE		782	0	0
Melco Resorts & Entertainment Ltd	ADR	585464100	6	269	SH		SOLE		269	0	0
Merck & Co Inc	COM	58933Y105	173	2,706	SH		SOLE		2,706	0	0
MetLife Inc	COM	59156R108	9	180	SH		SOLE		180	0	0
Mexico Equity & Income Fund Inc	COM	592834105	1,103	96,595	SH		OTR	1	27,484	69,111	0
MFS Charter Income Trust	SH BEN INT	552727109	26	3,057	SH		SOLE		3,057	0	0
MFS Investment Grade Municipal Trust	SH BEN INT	59318B108	194	19,157	SH		SOLE		19,157	0	0
Microsoft Corp	COM	594918104	57	831	SH		SOLE		831	0	0
Mitsubishi UFJ Financial Group Inc	SPONSORED ADR	606822104	11	1,557	SH		SOLE		1,557	0	0
Morgan Stanley Asia-Pacific Fund Inc	COM	61744U106	141	8,485	SH		SOLE		8,485	0	0
Morgan Stanley Emerging Markets Fund Inc	COM	61744G107	12	716	SH		SOLE		716	0	0
Morgan Stanley Income Securities Inc	INCOME SECS INC	61745P874	28	1,555	SH		SOLE		1,555	0	0
Morgan Stanley India Investment Fund Inc	COM	61745C105	119	3,674	SH		SOLE		3,674	0	0
MVC Capital Inc	COM	553829102	20	2,018	SH		SOLE		2,018	0	0
NetEase Inc	SPONSORED ADR	64110W102	10	34	SH		SOLE		34	0	0
Neuberger Berman High Yield Strategies Fund Inc	COM	64128C106	54	4,579	SH		SOLE		4,579	0	0
Neuberger Berman MLP Income Fund Inc	COM	64129H104	841	87,401	SH		SOLE		87,401	0	0
NexPoint Credit Strategies Fund	COM NEW	65340G205	27,661	1,270,004	SH		OTR	1	934,611	335,393	0
NextEra Energy Inc	COM	65339F101	1,129	8,056	SH		SOLE		8,056	0	0
NIKE Inc	CL B	654106103	41	694	SH		SOLE		694	0	0
Norfolk Southern Corp	COM	655844108	235	1,928	SH		SOLE		1,928	0	0
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	3,254	59,943	SH		SOLE		59,943	0	0
Nuveen AMT-Free Quality Municipal Income Fund	COM	670657105	186	13,553	SH		SOLE		13,553	0	0
Nuveen Core Equity Alpha Fund	COM	67090X107	71	4,812	SH		SOLE		4,812	0	0
Nuveen Credit Strategies Income Fund	COM SHS	67073D102	1,607	186,672	SH		SOLE		186,672	0	0
Nuveen Global High Income Fund	SHS	67075G103	306	18,130	SH		SOLE		18,130	0	0
Nuveen Multi-Market Income Fund Inc	COM	67075J107	531	70,936	SH		SOLE		70,936	0	0
Nuveen Municipal Credit Income Fund	COM SH BEN IT	67070X101	95	6,352	SH		SOLE		6,352	0	0
Nuveen Municipal Value Fund Inc	COM	670928100	25	2,500	SH		SOLE		2,500	0	0
Nuveen NASDAQ 100 Dynamic Overwrite Fund	COM SHS	670699107	32	1,478	SH		SOLE		1,478	0	0
Nuveen New Jersey Quality Municipal Income Fund	COM	67069Y102	136	9,940	SH		SOLE		9,940	0	0
Nuveen New York AMT-Free Quality Municipal Income Fund	COM	670656107	131	10,000	SH		SOLE		10,000	0	0
Nuveen Preferred Income Opportunities Fund	COM	67073B106	855	82,235	SH		OTR	1	9,168	73,067	0
Nuveen Quality Municipal Income Fund	COM	67066V101	140	10,000	SH		SOLE		10,000	0	0
Nuveen S&P 500 Buy-Write Income Fund	COM	6706ER101	6	400	SH		SOLE		400	0	0
Nuveen S&P 500 Dynamic Overwrite Fund	COM	6706EW100	6	384	SH		SOLE		384	0	0
Nuveen Select Tax-Free Income 2 Portfolio	SH BEN INT	67063C106	279	20,338	SH		SOLE		20,338	0	0
Nuveen Select Tax-Free Income 3 Portfolio	SH BEN INT	67063X100	358	24,493	SH		SOLE		24,493	0	0
Nuveen Select Tax-Free Income Portfolio	SH BEN INT	67062F100	255	17,745	SH		SOLE		17,745	0	0
Nuveen Tax-Advantaged Dividend Growth Fund	COM	67073G105	123	7,665	SH		SOLE		7,665	0	0
Occidental Petroleum Corp	COM	674599105	6	104	SH		SOLE		104	0	0
Oxford Lane Capital Corp	COM	691543102	147	14,813	SH		SOLE		14,813	0	0
Pampa Energia S A	SPONS ADR LVL I	697660207	9	159	SH		SOLE		159	0	0
Pfizer Inc	COM	717081103	33	983	SH		SOLE		983	0	0
Philip Morris International Inc	COM	718172109	8	66	SH		SOLE		66	0	0
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	ENHAN SHRT MA AC	72201R833	2,456	24,142	SH		SOLE		24,142	0	0
Pioneer Diversified High Income Trust	COM	723653101	3	200	SH		SOLE		200	0	0
Pioneer High Income Trust	COM	72369H106	50	5,100	SH		SOLE		5,100	0	0
Pioneer Municipal High Income Advantage Trust	COM	723762100	321	27,405	SH		SOLE		27,405	0	0
Pioneer Municipal High Income Trust	COM SHS	723763108	576	47,490	SH		SOLE		47,490	0	0
Popular Inc	COM NEW	733174700	1,310	31,400	SH		SOLE		31,400	0	0
PriceSmart Inc	COM	741511109	88	1,000	SH		SOLE		1,000	0	0
Prudential PLC	ADR	74435K204	7	163	SH		SOLE		163	0	0
Putnam High Income Securities Fund	SH BEN INT	746779107	21	2,356	SH		SOLE		2,356	0	0
Putnam Managed Municipal Income Trust	COM	746823103	301	40,063	SH		SOLE		40,063	0	0
Putnam Municipal Opportunities Trust	SH BEN INT	746922103	303	24,251	SH		SOLE		24,251	0	0
RENN Fund Inc	COM	759720105	37	28,372	SH		SOLE		28,372	0	0
Restaurant Brands International Inc	COM	76131D103	1	10	SH		SOLE		10	0	0
RMR Real Estate Income Fund	COM	76970B101	1,977	90,462	SH		SOLE		90,462	0	0
Royal Caribbean Cruises Ltd	COM	V7780T103	4,524	41,413	SH		SOLE		41,413	0	0
Royce Global Value Trust Inc	COM	78081T104	132	13,728	SH		SOLE		13,728	0	0
Royce Micro-Cap Trust Inc	COM	780915104	41	4,780	SH		SOLE		4,780	0	0
Royce Value Trust Inc	COM	780910105	2,263	155,118	SH		SOLE		155,118	0	0
Salient Midstream & MLP Fund	SH BEN INT	79471V105	380	32,395	SH		SOLE		32,395	0	0
Sanofi	SPONSORED ADR	80105N105	9	192	SH		SOLE		192	0	0
SAP SE	SPON ADR	803054204	9	83	SH		SOLE		83	0	0
Seaboard Corp	COM	811543107	2,337	585	SH		SOLE		585	0	0
SEACOR Holdings Inc	COM	811904101	69	2,000	SH		SOLE		2,000	0	0
SEACOR Marine Holdings Inc	COM	78413P101	41	2,010	SH		SOLE		2,010	0	0
Shire PLC	SPONSORED ADR	82481R106	7	43	SH		SOLE		43	0	0
Simon Property Group Inc	COM	828806109	8	52	SH		SOLE		52	0	0
SK Telecom Co Ltd	SPONSORED ADR	78440P108	6	218	SH		SOLE		218	0	0
Sony Corp	SPONSORED ADR	835699307	52	1,370	SH		SOLE		1,370	0	0
Source Capital Inc	COM	836144105	3,222	83,373	SH		OTR	1	63,677	19,696	0
Special Opportunities Fund Inc	COM	84741T104	956	62,914	SH		SOLE		62,914	0	0
Sprott Focus Trust Inc	COM	85208J109	363	49,278	SH		SOLE		49,278	0	0
Statoil ASA	SPONSORED ADR	85771P102	19	1,149	SH		SOLE		1,149	0	0
Stonegate Bank	COM	861811107	599	12,962	SH		SOLE		12,962	0	0
Tahoe Resources Inc	COM	873868103	275	31,900	SH		SOLE		31,900	0	0
TCW Strategic Income Fund Inc	COM	872340104	124	22,000	SH		SOLE		22,000	0	0
TechnipFMC PLC	COM	G87110105	11	416	SH		SOLE		416	0	0
Teekay LNG Partners LP	PRTNRSP UNITS	Y8564M105	147	9,589	SH		SOLE		9,589	0	0
Tekla Healthcare Opportunities Fund	SHS	879105104	9,206	501,956	SH		OTR	1	364,150	137,806	0
Tekla Life Sciences Investors	SH BEN INT	87911K100	1	68	SH		SOLE		68	0	0
Tekla World Healthcare Fund	BEN INT SHS	87911L108	6,138	406,239	SH		OTR	1	311,137	95,102	0
Templeton Dragon Fund Inc	COM	88018T101	467	23,135	SH		OTR	1	3,480	19,655	0
The Asia Pacific Fund Inc	COM	044901106	67	5,150	SH		SOLE		5,150	0	0
The Boeing Co	COM	097023105	141	713	SH		SOLE		713	0	0
The China Fund Inc	COM	169373107	180	9,618	SH		OTR	1	3,500	6,118	0
The Coca-Cola Co	COM	191216100	39	866	SH		SOLE		866	0	0
The Cushing MLP Total Return Fund	COM NEW	231631201	121	9,899	SH		SOLE		9,899	0	0
The Cushing Renaissance Fund	COM	231647108	183	10,441	SH		SOLE		10,441	0	0
The Estee Lauder Cos Inc	CL A	518439104	12	123	SH		SOLE		123	0	0
The European Equity Fund Inc	COM	298768102	85	9,258	SH		SOLE		9,258	0	0
The Gabelli Dividend & Income Trust	COM	36242H104	361	16,550	SH		SOLE		16,550	0	0
The Gabelli Global Small and Mid Cap Value Trust	COM	36249W104	9	700	SH		SOLE		700	0	0
The Gabelli Healthcare & WellnessRx Trust	SHS	36246K103	3,028	279,112	SH		OTR	1	193,757	85,355	0
The GDL Fund	COM SH BEN IT	361570104	51	5,000	SH		SOLE		5,000	0	0
The Goldman Sachs Group Inc	COM	38141G104	155	698	SH		SOLE		698	0	0
The Herzfeld Caribbean Basin Fund Inc	COM	42804T106	7,383	1,025,470	SH		DFND		456,410	569,060	0
The Home Depot Inc	COM	437076102	116	758	SH		SOLE		758	0	0
The India Fund Inc	COM	454089103	27	1,000	SH		SOLE		1,000	0	0
The Korea Fund Inc	COM NEW	500634209	468	11,695	SH		SOLE		11,695	0	0
The Kraft Heinz Co	COM	500754106	7	82	SH		SOLE		82	0	0
The Latin American Discovery Fund Inc	COM	51828C106	27	2,593	SH		SOLE		2,593	0	0
The New Germany Fund Inc	COM	644465106	2,319	139,452	SH		OTR	1	79,291	60,161	0
The Procter & Gamble Co	COM	742718109	69	789	SH		SOLE		789	0	0
The Swiss Helvetia Fund Inc	COM	870875101	25	1,950	SH		SOLE		1,950	0	0
The Taiwan Fund Inc	COM	874036106	1,005	50,804	SH		OTR	1	3,244	47,560	0
The Thai Fund Inc	COM	882904105	176	20,286	SH		SOLE		20,286	0	0
The Toronto-Dominion Bank	COM NEW	891160509	10	190	SH		SOLE		190	0	0
The Travelers Cos Inc	COM	89417E109	89	701	SH		SOLE		701	0	0
The Walt Disney Co	COM DISNEY	254687106	81	765	SH		SOLE		765	0	0
The Wendy's Co	COM	95058W100	1	42	SH		SOLE		42	0	0
The Western Union Co	COM	959802109	267	14,000	SH		SOLE		14,000	0	0
TICC Capital Corp	COM	87244T109	97	15,300	SH		SOLE		15,300	0	0
Tortoise Pipeline & Energy Fund Inc	COM	89148H108	3,124	160,704	SH		OTR	1	112,460	48,244	0
Tortoise Power and Energy Infrastructure Fund Inc	COM	89147X104	1,220	58,086	SH		OTR	1	47,654	10,432	0
Tri-Continental Corp	COM	895436103	2,584	106,130	SH		OTR	1	81,594	24,536	0
United States Oil Fund LP	UNITS	91232N108	10	1,000	SH		SOLE		1,000	0	0
United Technologies Corp	COM	913017109	95	778	SH		SOLE		778	0	0
UnitedHealth Group Inc	COM	91324P102	138	745	SH		SOLE		745	0	0
US Bancorp	COM NEW	902973304	8	157	SH		SOLE		157	0	0
Vale SA	ADR	91912E105	35	4,044	SH		SOLE		4,044	0	0
Valeant Pharmaceuticals International Inc	COM	91911K102	22	1,300	SH		SOLE		1,300	0	0
VanEck Vectors Gold Miners ETF	GOLD MINERS ETF	92189F106	66	3,000	SH		SOLE		3,000	0	0
Vanguard Short-Term Bond ETF	SHORT TRM BOND	921937827	567	7,100	SH		SOLE		7,100	0	0
VEON Ltd	SPONSORED ADR	91822M106	6	1,586	SH		SOLE		1,586	0	0
Verizon Communications Inc	COM	92343V104	38	855	SH		SOLE		855	0	0
Virtus Total Return Fund Inc	COM	92837G100	1,987	162,343	SH		SOLE		162,343	0	0
Visa Inc	COM CL A	92826C839	65	692	SH		SOLE		692	0	0
Vulcan Materials Co	COM	929160109	633	5,000	SH		SOLE		5,000	0	0
Wal-Mart Stores Inc	COM	931142103	62	818	SH		SOLE		818	0	0
Watsco Inc	COM	942622200	1,635	10,600	SH		SOLE		10,600	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	COM	95766R104	338	30,700	SH		OTR	1	5,000	25,700	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	COM SH BEN INT	95766Q106	292	25,799	SH		OTR	1	5,317	20,482	0