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 Co	COM	88579Y101	6	29	SH		SOLE		29	0	0
ABB Ltd	SPONSORED ADR	000375204	5	226	SH		SOLE		226	0	0
Aberdeen Emerging Markets Equity Inc.	COM	00301W105	1,893	275,917	SH		OTR	1	185,084	90,833	0
Aberdeen Global Dynamic Dividend Fund	COM	00302M106	2,389	231,029	SH		OTR	1	134,973	96,056	0
Aberdeen Japan Equity Fund Inc	COM	00306J109	2,400	286,101	SH		OTR	1	193,708	92,393	0
Aberdeen Total Dynamic Dividend Fund	COM SH BEN INT	00326L100	6,580	749,443	SH		OTR	1	531,212	218,231	0
Accenture PLC Ireland	SHS CLASS A	G1151C101	7	43	SH		SOLE		43	0	0
Adams Diversified Equity Fund Inc	COM	006212104	4,001	240,035	SH		SOLE		240,035	0	0
Adams Natural Resources Fund Inc	COM	00548F105	2,704	135,601	SH		OTR	1	11,039	124,562	0
Advent Claymore Convertible Securities and Income Fund	COM	00764C109	187	11,915	SH		SOLE		11,915	0	0
Alibaba Group Holding Limited	SPONSORED ADS	01609W102	10	60	SH		SOLE		60	0	0
Allegion PLC	ORD SHS	G0176J109	7	75	SH		SOLE		75	0	0
Alliance California Municipal Income Fund Inc	COM	018546101	103	7,615	SH		SOLE		7,615	0	0
AllianceBernstein National Municipal Income Fund Inc	COM	01864U106	130	10,507	SH		SOLE		10,507	0	0
AllianzGI Convertible & Income 2024 Target Term Fund	COM	01883H102	490	53,225	SH		SOLE		53,225	0	0
AllianzGI NFJ Dividend Interest & Premium Strategy Fund	COM	01883A107	1,708	130,386	SH		OTR	1	80	130,306	0
Altaba Inc	COM	021346101	111	1,633	SH		SOLE		1,633	0	0
America Movil SAB de CV	SPON ADR L SHS	02364W105	718	44,690	SH		SOLE		44,690	0	0
American Electric Power Co Inc	COM	025537101	6	83	SH		SOLE		83	0	0
American Express Co	COM	025816109	9	87	SH		SOLE		87	0	0
Amgen Inc	COM	031162100	145	700	SH		SOLE		700	0	0
Apollo Tactical Income Fund Inc	COM	037638103	5,423	349,187	SH		OTR	1	240,299	108,888	0
Apple Inc	COM	037833100	14	64	SH		SOLE		64	0	0
Ares Dynamic Credit Allocation Fund, Inc.	COM	04014F102	1,012	65,154	SH		SOLE		65,154	0	0
ASA Gold and Precious Metals Ltd	SHS	G3156P103	44	5,010	SH		SOLE		5,010	0	0
ASML Holding N V	N Y REGISTRY SHS	N07059210	6	30	SH		SOLE		30	0	0
ATN International Inc	COM	00215F107	378	5,116	SH		SOLE		5,116	0	0
Automatic Data Processing, Inc.	COM	053015103	7	44	SH		SOLE		44	0	0
Avianca Holdings SA	SPON ADR REP PFD	05367G100	1,245	221,569	SH		SOLE		221,569	0	0
Baidu Inc	SPON ADR REP A	056752108	46	201	SH		SOLE		201	0	0
Banco Bilbao Vizcaya Argentaria SA	SPONSORED ADR	05946K101	32	5,143	SH		SOLE		5,143	0	0
Banco Bradesco S.A.	SP ADR PFD	059460303	5	682	SH		SOLE		682	0	0
Bancolombia SA	SPON ADR PREF	05968L102	825	19,780	SH		SOLE		19,780	0	0
BHP Billiton Ltd	SPONSORED ADR	088606108	7	140	SH		SOLE		140	0	0
BioMarin Pharmaceutical Inc	COM	09061G101	20	205	SH		SOLE		205	0	0
BlackRock Credit Allocation Income Trust	COM	092508100	16	1,301	SH		SOLE		1,301	0	0
BlackRock Debt Strategies Fund	COM NEW	09255R202	157	14,095	SH		SOLE		14,095	0	0
BlackRock Enhanced Equity Dividend Trust	COM	09251A104	38	3,977	SH		SOLE		3,977	0	0
BlackRock Long-Term Municipal Advantage Trust	COM	09250B103	98	8,685	SH		SOLE		8,685	0	0
BlackRock Maryland Municipal Bond Trust	COM	09249L105	224	16,260	SH		SOLE		16,260	0	0
BlackRock Muni Intermediate Duration Fund Inc	COM	09253X102	60	4,590	SH		SOLE		4,590	0	0
BlackRock Muni New York Intermediate Duration Fund Inc	COM	09255F109	1	100	SH		SOLE		100	0	0
BlackRock Municipal 2030 Target Term Trust	COM SHS BEN IN	09257P105	108	5,231	SH		SOLE		5,231	0	0
Boulder Growth & Income Fund Inc	COM	101507101	12,116	1,080,839	SH		OTR	1	768,216	312,623	0
BrandywineGLOBAL - Global Income Opportunities Fund Inc.	COM	10537L104	40	3,659	SH		SOLE		3,659	0	0
Bristol-Myers Squibb Co	COM	110122108	106	1,700	SH		SOLE		1,700	0	0
British American Tobacco PLC	SPONSORED ADR	110448107	18	394	SH		SOLE		394	0	0
Canadian Natural Resources Ltd	COM	136385101	7	211	SH		SOLE		211	0	0
Carnival Corp	UNIT 99/99/9999	143658300	1,245	19,518	SH		SOLE		19,518	0	0
Celgene Corp	COM	151020104	27	300	SH		SOLE		300	0	0
Cemex SAB de CV	SPON ADR NEW	151290889	2,192	311,397	SH		SOLE		311,397	0	0
Central and Eastern European Fund Inc	COM	153436100	43	1,783	SH		SOLE		1,783	0	0
Central Securities Corp	COM	155123102	13,922	471,937	SH		OTR	1	318,302	153,635	0
China Petroleum & Chemical Corp	SPON ADR H SHS	16941R108	7	70	SH		SOLE		70	0	0
Chubb Ltd	COM	H1467J104	8	63	SH		SOLE		63	0	0
ClearBridge American Energy MLP Fund Inc	COM	184691103	60	7,666	SH		SOLE		7,666	0	0
ClearBridge Energy MLP Total Return Fund Inc	COM	18469Q108	123	10,788	SH		SOLE		10,788	0	0
Coca-Cola European Partners PLC	SHS	G25839104	10	230	SH		SOLE		230	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund Inc	COM SHS	19249B106	909	87,044	SH		SOLE		87,044	0	0
Consolidated Water Co Ltd	ORD	G23773107	1,685	121,638	SH		SOLE		121,638	0	0
Copa Holdings SA	CL A	P31076105	1,946	24,373	SH		SOLE		24,373	0	0
Cornerstone Strategic Value Fund Inc	COM	21924B302	172	12,315	SH		SOLE		12,315	0	0
Credit Suisse Asset Management Income Fund Inc	COM	224916106	556	175,459	SH		SOLE		175,459	0	0
Credit Suisse Group AG	SPONSORED ADR	225401108	7	477	SH		SOLE		477	0	0
Ctrip.com International Ltd	AMERICAN DEP SHS	22943F100	5	123	SH		SOLE		123	0	0
Delaware Investments Minnesota Municipal Income Fund II Inc	COM	24610V103	51	4,272	SH		SOLE		4,272	0	0
Deutsche Municipal Income Trust	COM	233368109	136	13,000	SH		SOLE		13,000	0	0
Diageo PLC	SPON ADR NEW	25243Q205	39	276	SH		SOLE		276	0	0
DowDuPont Inc	COM	26078J100	7	116	SH		SOLE		116	0	0
Dreyfus Municipal Bond Infrastructure Fund Inc	SHS	26203D101	72	5,776	SH		SOLE		5,776	0	0
Dreyfus Strategic Municipals, Inc.	COM	261932107	225	30,000	SH		SOLE		30,000	0	0
Eagle Point Credit Co Inc	COM	269808101	11,982	669,370	SH		OTR	1	525,434	143,936	0
Eaton Vance California Municipal Bond Fund II	COM	27828C106	40	3,880	SH		SOLE		3,880	0	0
Eaton Vance California Municipal Income Trust	SH BEN INT	27826F101	159	14,171	SH		SOLE		14,171	0	0
Eaton Vance Limited Duration Income Fund	COM	27828H105	1,526	120,378	SH		SOLE		120,378	0	0
Eaton Vance Ohio Municipal Income Trust	SH BEN INT	27826G109	101	8,200	SH		SOLE		8,200	0	0
Eaton Vance Short Duration Diversified Income Fund	COM	27828V104	766	59,358	SH		SOLE		59,358	0	0
Eli Lilly & Co	COM	532457108	64	600	SH		SOLE		600	0	0
Embraer S A	SP ADR REP 4 COM	29082A107	7	337	SH		SOLE		337	0	0
Empire State Realty Trust Inc	CL A	292104106	812	48,894	SH		SOLE		48,894	0	0
Enzo Biochem Inc	COM	294100102	52	12,629	SH		SOLE		12,629	0	0
Equinix Inc	COM PAR $0.001	29444U700	26	60	SH		SOLE		60	0	0
Equus Total Return Inc	COM	294766100	78	39,150	SH		SOLE		39,150	0	0
Era Group Inc	COM	26885G109	166	13,474	SH		SOLE		13,474	0	0
EVERTEC Inc	COM	30040P103	515	21,356	SH		SOLE		21,356	0	0
Exxon Mobil Corp	COM	30231G102	6	73	SH		SOLE		73	0	0
Fiduciary/Claymore MLP Opportunity Fund	COM	31647Q106	2,802	229,459	SH		SOLE		229,459	0	0
First BanCorp/Puerto Rico	COM NEW	318672706	2,549	280,077	SH		SOLE		280,077	0	0
First Trust Energy Infrastructure Fund	COM	33738C103	889	56,461	SH		SOLE		56,461	0	0
First Trust High Income Long/Short Fund	COM	33738E109	2,220	150,509	SH		SOLE		150,509	0	0
First Trust Mortgage Income Fund	COM SHS	33734E103	285	21,246	SH		SOLE		21,246	0	0
Firsthand Technology Value Fund, Inc.	COM	33766Y100	391	23,078	SH		SOLE		23,078	0	0
Fomento Economico Mexicano SAB de CV	SPON ADR UNITS	344419106	1,473	14,882	SH		SOLE		14,882	0	0
Fortress Biotech Inc	COM	34960Q109	4	2,749	SH		SOLE		2,749	0	0
Fresh Del Monte Produce Inc	ORD	G36738105	1,440	42,500	SH		SOLE		42,500	0	0
Gabelli Equity Trust Inc	COM	362397101	32	4,897	SH		SOLE		4,897	0	0
General American Investors Co Inc	COM	368802104	6,837	184,920	SH		OTR	1	142,140	42,780	0
General Electric Co	COM	369604103	30	2,663	SH		SOLE		2,663	0	0
Goldman Sachs MLP Income Opportunities Fund	COM SHS	38147W103	28	3,051	SH		SOLE		3,051	0	0
Grupo Aeroportuario del Sureste SAB de CV	SPON ADR SER B	40051E202	1,354	6,600	SH		SOLE		6,600	0	0
Grupo Televisa SAB	SPON ADR REP ORD	40049J206	504	28,400	SH		SOLE		28,400	0	0
GW Pharmaceuticals PLC	ADS	36197T103	7	41	SH		SOLE		41	0	0
Highland Floating Rate Opportunities Fund	SHS BEN INT	43010E404	143	9,259	SH		SOLE		9,259	0	0
Home BancShares Inc	COM	436893200	622	28,416	SH		SOLE		28,416	0	0
HSBC Holdings plc	SPON ADR	404280406	5	124	SH		SOLE		124	0	0
ICICI Bank Ltd	ADR	45104G104	41	4,771	SH		SOLE		4,771	0	0
Incyte Corp	COM	45337C102	17	242	SH		SOLE		242	0	0
ING Groep NV	SPONSORED ADR	456837103	7	578	SH		SOLE		578	0	0
Inovio Pharmaceuticals Inc	COM NEW	45773H201	28	5,000	SH		SOLE		5,000	0	0
International Business Machines Corp	COM	459200101	8	50	SH		SOLE		50	0	0
Intuit	COM	461202103	6	26	SH		SOLE		26	0	0
Invesco Dynamic Credit Opportunities Fund	COM	46132R104	1,524	132,906	SH		SOLE		132,906	0	0
Invesco Municipal Opportunity Trust	COM	46132C107	228	19,900	SH		SOLE		19,900	0	0
Invesco Senior Income Trust	COM	46131H107	2,084	484,711	SH		SOLE		484,711	0	0
iShares Floating Rate Bond ETF	FLTG RATE NT ETF	46429B655	8,155	159,830	SH		OTR	1	139,830	20,000	0
iShares Nasdaq Biotechnology ETF	NASDAQ BIOTECH	464287556	622	5,100	SH		SOLE		5,100	0	0
iShares Short Maturity Bond ETF	SHT MAT BD ETF	46431W507	135	2,700	SH		SOLE		2,700	0	0
iShares TIPS Bond ETF	TIPS BD ETF	464287176	45	410	SH		SOLE		410	0	0
iShares U.S. Medical Devices ETF	U.S. MED DVC ETF	464288810	648	2,850	SH		SOLE		2,850	0	0
Itau Unibanco Holding S.A.	SPON ADR REP PFD	465562106	27	2,477	SH		SOLE		2,477	0	0
Ivy High Income Opportunities Fund	COM	465893105	405	28,424	SH		SOLE		28,424	0	0
Japan Smaller Capitalization Fund Inc	COM	47109U104	1,663	150,232	SH		OTR	1	60,065	90,167	0
Johnson & Johnson	COM	478160104	8	59	SH		SOLE		59	0	0
JPMorgan Chase & Co	COM	46625H100	11	98	SH		SOLE		98	0	0
Jupai Holdings Limited	COM	67073B106	176	18,975	SH		SOLE		18,975	0	0
Karyopharm Therapeutics Inc	COM	48576U106	26	1,500	SH		SOLE		1,500	0	0
Kayne Anderson Midstream/Energy Fund Inc	COM	48661E108	3,275	255,876	SH		OTR	1	154,875	101,001	0
Kayne Anderson MLP Investment Company	COM	486606106	1,334	74,740	SH		OTR	1	16,859	57,881	0
KKR Income Opportunities Fund	COM	48249T106	592	36,096	SH		SOLE		36,096	0	0
Koninklijke Philips NV	NY REG SH NEW	500472303	11	231	SH		SOLE		231	0	0
Lennar Corp	CL A	526057104	2,311	49,500	SH		SOLE		49,500	0	0
Liberty All Star Equity Fund	SH BEN INT	530158104	29	4,258	SH		SOLE		4,258	0	0
Liberty All Star Growth Fund Inc	COM	529900102	31	4,813	SH		SOLE		4,813	0	0
LivaNova PLC	SHS	G5509L101	1,033	8,330	SH		SOLE		8,330	0	0
Macquarie Global Infrastructure Total Return Fund Inc	COM	55608D101	108	5,086	SH		SOLE		5,086	0	0
MainStay DefinedTerm Municipal Opportunities Fund	COM	56064K100	88	4,463	SH		SOLE		4,463	0	0
Manning & Napier Inc	CL A	56382Q102	30	10,000	SH		SOLE		10,000	0	0
Marriott Vacations Worldwide Corp	COM	57164Y107	1,648	14,745	SH		SOLE		14,745	0	0
Martin Marietta Materials Inc	COM	573284106	546	3,000	SH		SOLE		3,000	0	0
MasTec Inc	COM	576323109	5,237	117,297	SH		SOLE		117,297	0	0
McDonald's Corp	COM	580135101	11	66	SH		SOLE		66	0	0
Melco Resorts & Entertainment Ltd	ADR	585464100	8	389	SH		SOLE		389	0	0
Merck & Co Inc	COM	58933Y105	142	2,000	SH		SOLE		2,000	0	0
MFS High Income Municipal Trust	SH BEN INT	59318D104	175	35,467	SH		SOLE		35,467	0	0
MFS High Yield Municipal Trust	SH BEN INT	59318E102	50	11,077	SH		SOLE		11,077	0	0
MFS Investment Grade Municipal Trust	SH BEN INT	59318B108	945	105,310	SH		SOLE		105,310	0	0
MFS Municipal Income Trust	SH BEN INT	552738106	300	46,255	SH		SOLE		46,255	0	0
Microsoft Corp	COM	594918104	14	121	SH		SOLE		121	0	0
Mitsubishi UFJ Financial Group Inc	SPONSORED ADS	606822104	9	1,477	SH		SOLE		1,477	0	0
Morgan Stanley Asia-Pacific Fund Inc	COM	61744U106	25	1,502	SH		SOLE		1,502	0	0
Morgan Stanley Emerging Markets Fund Inc	COM	61744G107	11	716	SH		SOLE		716	0	0
Morgan Stanley India Investment Fund Inc	COM	61745C105	1,259	53,674	SH		OTR	1	3,674	50,000	0
MVC Capital Inc	COM	553829102	13	1,359	SH		SOLE		1,359	0	0
Neuberger Berman MLP Income Fund Inc	COM	64129H104	1,888	217,296	SH		SOLE		217,296	0	0
New Oriental Education & Technology Group Inc	SPON ADR	647581107	10	132	SH		SOLE		132	0	0
NexPoint Credit Strategies Fund	COM NEW	65340G205	18,338	818,672	SH		OTR	1	575,913	242,759	0
NextEra Energy Inc	COM	65339F101	1,014	6,051	SH		SOLE		6,051	0	0
Northrop Grumman Corporation	COM	666807102	7	22	SH		SOLE		22	0	0
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	3,270	56,944	SH		SOLE		56,944	0	0
Novartis AG	SPONSORED ADR	66987V109	43	500	SH		SOLE		500	0	0
NuStar Energy L.P.	COM	67067Y104	9	1,400	SH		SOLE		1,400	0	0
Nuveen AMT-Free Quality Municipal Income Fund	COM	670657105	83	6,553	SH		SOLE		6,553	0	0
Nuveen California Quality Municipal Income Fund	COM	67066Y105	1,986	153,485	SH		SOLE		153,485	0	0
Nuveen Core Equity Alpha Fund	COM	67090X107	38	2,419	SH		SOLE		2,419	0	0
Nuveen Credit Strategies Income Fund	COM SHS	67073D102	5,813	729,387	SH		OTR	1	566,044	163,343	0
Nuveen Floating Rate Income Fund	COM	67072T108	747	71,857	SH		SOLE		71,857	0	0
Nuveen Floating Rate Income Opportunity Fund	COM SHS	6706EN100	2,915	282,734	SH		OTR	1	152,134	130,600	0
Nuveen Global High Income Fund	SHS	67075G103	138	8,839	SH		SOLE		8,839	0	0
Nuveen Multi-Market Income Fund Inc	COM	67075J107	734	104,578	SH		SOLE		104,578	0	0
Nuveen NASDAQ 100 Dynamic Overwrite Fund	COM SHS	670699107	38	1,602	SH		SOLE		1,602	0	0
Nuveen New Jersey Quality Municipal Income Fund	COM	67069Y102	83	6,456	SH		SOLE		6,456	0	0
Nuveen Preferred Income Opportunities Fund	SPONSORED ADR	636274409	8	148	SH		SOLE		148	0	0
Nuveen Quality Municipal Income Fund	COM	67066V101	101	7,920	SH		SOLE		7,920	0	0
Nuveen Real Asset Income and Growth Fund	COM	67074Y105	234	14,502	SH		SOLE		14,502	0	0
Nuveen Select Tax-Free Income 3 Portfolio	SH BEN INT	67063X100	109	7,810	SH		SOLE		7,810	0	0
Nuveen Select Tax-Free Income Portfolio	SH BEN INT	67062F100	108	7,740	SH		SOLE		7,740	0	0
Orange S.A.	SPONSORED ADR	684060106	5	321	SH		SOLE		321	0	0
Oxford Lane Capital Corp	COM	691543102	5,459	515,267	SH		OTR	1	363,685	151,582	0
PepsiCo, Inc.	COM	713448108	11	95	SH		SOLE		95	0	0
Pfizer Inc	COM	717081103	10	233	SH		SOLE		233	0	0
PGIM Global Short Duration High Yield Fund, Inc.	COM	69346J106	2,915	210,130	SH		SOLE		210,130	0	0
PGIM Short Duration High Yield Fund, Inc.	COM	69346H100	5,682	401,805	SH		OTR	1	308,616	93,189	0
PIMCO California Municipal Income Fund II	COM	72200M108	523	62,544	SH		SOLE		62,544	0	0
PIMCO California Municipal Income Fund III	COM	72201C109	217	21,359	SH		SOLE		21,359	0	0
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	ENHAN SHRT MA AC	72201R833	5,337	52,517	SH		SOLE		52,517	0	0
Pimco New York Municipal Income	COM	72200Y102	28	2,454	SH		SOLE		2,454	0	0
PIMCO New York Municipal Income Fund III	COM	72201E105	259	27,435	SH		SOLE		27,435	0	0
Pioneer Diversified High Income Trust	COM	723653101	462	31,588	SH		SOLE		31,588	0	0
Pioneer High Income Trust	COM	72369H106	318	34,336	SH		SOLE		34,336	0	0
Pioneer Municipal High Income Advantage Trust	COM	723762100	1	105	SH		SOLE		105	0	0
Pioneer Municipal High Income Trust	COM SHS	723763108	191	17,188	SH		SOLE		17,188	0	0
Popular Inc	COM NEW	733174700	2,926	57,100	SH		SOLE		57,100	0	0
Principal Real Estate Income Fund	SHS BEN INT	74255X104	253	14,683	SH		SOLE		14,683	0	0
ProShares Short VIX Short-Term Futures ETF	SHT VIX ST TRM	74347W130	14	244	SH		SOLE		244	0	0
Prudential PLC	ADR	74435K204	8	168	SH		SOLE		168	0	0
Putnam Managed Municipal Income Trust	COM	746823103	75	10,794	SH		SOLE		10,794	0	0
Putnam Municipal Opportunities Trust	SH BEN INT	746922103	83	7,242	SH		SOLE		7,242	0	0
Raytheon Co	COM NEW	755111507	12	59	SH		SOLE		59	0	0
RENN Fund Inc	COM	759720105	41	22,847	SH		SOLE		22,847	0	0
RMR Real Estate Income Fund	COM	76970B101	79	4,401	SH		SOLE		4,401	0	0
Royal Caribbean Cruises Ltd	COM	V7780T103	3,798	29,229	SH		SOLE		29,229	0	0
Royal Dutch Shell PLC	SPON ADR B	780259107	506	188	SH		SOLE		188	0	0
Royce Global Value Trust Inc	COM	78081T104	43	4,104	SH		SOLE		4,104	0	0
Royce Value Trust Inc	COM	780910105	128	7,816	SH		SOLE		7,816	0	0
Salient Midstream & MLP Fund	SH BEN INT	79471V105	2,670	261,990	SH		OTR	1	153,495	108,495	0
Sangamo Therapeutics, Inc.	COM	800677106	85	5,000	SH		SOLE		5,000	0	0
Sanofi	SPONSORED ADR	80105N105	8	173	SH		SOLE		173	0	0
SAP SE	SPON ADR	803054204	7	56	SH		SOLE		56	0	0
Schlumberger Ltd	COM	806857108	16	269	SH		SOLE		269	0	0
Sea Limited	ADR	81141R100	14	998	SH		SOLE		998	0	0
Seaboard Corp	COM	811543107	2,170	585	SH		SOLE		585	0	0
Simon Property Group Inc	COM	828806109	6	34	SH		SOLE		34	0	0
SK Telecom Co Ltd	SPONSORED ADR	78440P108	6	224	SH		SOLE		224	0	0
Sony Corp	SPONSORED ADR	835699307	64	1,054	SH		SOLE		1,054	0	0
Source Capital Inc	COM	836144105	3,274	81,432	SH		OTR	1	60,549	20,883	0
Special Opportunities Fund Inc	COM	84741T104	812	53,866	SH		SOLE		53,866	0	0
Sprott Focus Trust Inc	COM	85208J109	327	44,242	SH		SOLE		44,242	0	0
Sprott Physical Gold and Silver Trust	TR UNIT	85208R101	93	8,000	SH		SOLE		8,000	0	0
Stryker Corporation	COM	863667101	9	50	SH		SOLE		50	0	0
Suncor Energy Inc	COM	867224107	31	799	SH		SOLE		799	0	0
Tahoe Resources Inc	COM	873868103	368	131,900	SH		SOLE		131,900	0	0
Taiwan Semiconductor Manufacturing Company Limited	SPONSORED ADR	874039100	5	121	SH		SOLE		121	0	0
TCW Strategic Income Fund Inc	COM	872340104	123	22,000	SH		SOLE		22,000	0	0
TechnipFMC PLC	COM	G87110105	13	409	SH		SOLE		409	0	0
Teekay LNG Partners LP	PRTNRSP UNITS	Y8564M105	160	9,589	SH		SOLE		9,589	0	0
Tekla Healthcare Investors	SH BEN INT	87911J103	1,867	80,639	SH		SOLE		80,639	0	0
Tekla Healthcare Opportunities Fund	SHS	879105104	11,183	596,720	SH		OTR	1	398,657	198,063	0
Tekla Life Science Investors	SH BEN INT	87911K100	55	2,673	SH		SOLE		2,673	0	0
Tekla World Healthcare Fund	BEN INT SHS	87911L108	7,491	533,903	SH		OTR	1	348,730	185,173	0
Templeton Dragon Fund Inc	COM	88018T101	421	21,135	SH		OTR	1	1,480	19,655	0
The Asia Pacific Fund Inc	COM	044901106	56	4,150	SH		SOLE		4,150	0	0
The Bank of Nova Scotia	COM	064149107	5	81	SH		SOLE		81	0	0
The China Fund Inc	COM	169373107	290	14,797	SH		OTR	1	3,760	11,037	0
The Cushing MLP Total Return Fund	COM NEW	231631201	100	8,439	SH		SOLE		8,439	0	0
The European Equity Fund Inc	COM	298768102	388	41,286	SH		SOLE		41,286	0	0
The Gabelli Dividend & Income Trust	COM	36242H104	70	2,912	SH		SOLE		2,912	0	0
The Gabelli Global Small and Mid Cap Value Trust	COM	36249W104	13	1,046	SH		SOLE		1,046	0	0
The Gabelli Healthcare & WellnessRx Trust	SHS	36246K103	2,784	252,668	SH		OTR	1	167,313	85,355	0
The GDL Fund	COM SH BEN IT	361570104	38	4,173	SH		SOLE		4,173	0	0
The Herzfeld Caribbean Basin Fund Inc	COM	42804T106	8,039	1,252,227	SH		DFND		613,790	638,437	0
The Home Depot Inc	COM	437076102	9	45	SH		SOLE		45	0	0
The India Fund Inc	COM	454089103	1,896	85,690	SH		OTR	1	54,903	30,787	0
The Korea Fund Inc	COM NEW	500634209	384	10,481	SH		SOLE		10,481	0	0
The Latin American Discovery Fund Inc	COM	51828C106	29	2,593	SH		SOLE		2,593	0	0
The Mexico Equity & Income Fund Inc	COM	592834105	952	77,505	SH		OTR	1	50,585	26,920	0
The New Germany Fund Inc	COM	644465106	2,940	161,544	SH		OTR	1	90,235	71,309	0
The New Ireland Fund Inc	COM	645673104	11	1,084	SH		SOLE		1,084	0	0
The PNC Financial Services Group Inc	COM	693475105	8	59	SH		SOLE		59	0	0
The Taiwan Fund Inc	COM	874036106	4,645	242,290	SH		OTR	1	158,074	84,216	0
The Toronto-Dominion Bank	COM NEW	891160509	8	133	SH		SOLE		133	0	0
The Travelers Companies, Inc.	COM	89417E109	5	40	SH		SOLE		40	0	0
The Walt Disney Co	COM DISNEY	254687106	8	68	SH		SOLE		68	0	0
TJX Cos Inc	COM	872540109	6	58	SH		SOLE		58	0	0
Tortoise Energy Infrastructure Corporation	COM	89147L100	748	27,762	SH		OTR	1	0	27,762	0
Tortoise MLP Fund, Inc	COM	89148B101	19	1,164	SH		SOLE		1,164	0	0
Tortoise Pipeline & Energy Fund Inc	COM	89148H108	3,755	217,030	SH		OTR	1	146,369	70,661	0
Tortoise Power and Energy Infrastructure Fund Inc	COM	89147X104	2,227	116,796	SH		OTR	1	55,537	61,259	0
Tri-Continental Corp	COM	895436103	97	3,470	SH		SOLE		3,470	0	0
Unilever N.V.	N Y SHS NEW	904784709	10	175	SH		SOLE		175	0	0
United States Oil Fund LP	UNITS	91232N108	16	1,000	SH		SOLE		1,000	0	0
United Technologies Corp	COM	913017109	6	45	SH		SOLE		45	0	0
UnitedHealth Group Inc	COM	91324P102	11	43	SH		SOLE		43	0	0
Vale SA	ADR	91912E105	8	527	SH		SOLE		527	0	0
VanEck Vectors Gold Miners ETF	GOLD MINERS ETF	92189F106	56	3,024	SH		SOLE		3,024	0	0
Verizon Communications Inc	COM	92343V104	6	117	SH		SOLE		117	0	0
Virtus Total Return Fund Inc	COM	92837G100	28	2,681	SH		SOLE		2,681	0	0
Visa Inc	COM CL A	92826C839	12	82	SH		SOLE		82	0	0
Voya Prime Rate Trust	SH BEN INT	92913A100	2,803	562,801	SH		SOLE		562,801	0	0
Vulcan Materials Co	COM	929160109	556	5,000	SH		SOLE		5,000	0	0
Wal-Mart Stores Inc	COM	931142103	9	91	SH		SOLE		91	0	0
Waste Management, Inc.	COM	94106L109	6	65	SH		SOLE		65	0	0
Watsco Inc	COM	942622200	1,425	8,000	SH		SOLE		8,000	0	0
Wells Fargo Advantage Multi-Sector Income Fund	COM	94987D101	123	10,142	SH		SOLE		10,142	0	0
Western Asset Variable Rate	COM	957667108	22	1,308	SH		SOLE		1,308	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	COM	95766R104	4,748	437,962	SH		OTR	1	284,995	152,967	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	COM SH BEN INT	95766Q106	2,088	185,446	SH		OTR	1	97,988	87,458	0
Zoetis Inc.	CL A	98978V103	8	85	SH		SOLE		85	0	0