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
Apple Inc	COM	037833100	9	58	SH		SOLE		58	0	0
ABB Ltd	SPONSORED ADR	000375204	4	226	SH		SOLE		226	0	0
Accenture PLC Ireland	SHS CLASS A	G1151C101	6	43	SH		SOLE		43	0	0
Automatic Data Processing, Inc.	COM	053015103	6	44	SH		SOLE		44	0	0
Adams Diversified Equity Fund Inc	COM	006212104	2,930	232,208	SH		SOLE		232,208	0	0
Aberdeen Emerging Markets Equity Inc.	COM	00301W105	93	14,684	SH		SOLE		14,684	0	0
American Electric Power Co Inc	COM	025537101	6	83	SH		SOLE		83	0	0
AllianceBernstein National Municipal Income Fund Inc	COM	01864U106	126	10,411	SH		SOLE		10,411	0	0
Aberdeen Global Dynamic Dividend Fund	COM	00302M106	2,059	241,930	SH		OTR	1	133,435	108,495	0
Apollo Tactical Income Fund Inc	COM	037638103	5,181	376,278	SH		OTR	1	250,588	125,690	0
Allegion PLC	ORD SHS	G0176J109	6	75	SH		SOLE		75	0	0
Amgen Inc	COM	031162100	136	700	SH		SOLE		700	0	0
America Movil SAB de CV	SPON ADR L SHS	02364W105	637	44,690	SH		SOLE		44,690	0	0
Amazon Com Inc	COM	023135106	9	6	SH		SOLE		6	0	0
Aberdeen Total Dynamic Dividend Fund	COM SH BEN INT	00326L100	4,197	582,116	SH		OTR	1	331,684	250,432	0
The Asia Pacific Fund Inc	COM	044901106	47	4,150	SH		SOLE		4,150	0	0
Morgan Stanley Asia-Pacific Fund Inc	COM	61744U106	25	1,502	SH		SOLE		1,502	0	0
Ares Dynamic Credit Allocation Fund, Inc.	COM	04014F102	1,130	81,870	SH		SOLE		81,870	0	0
ASA Gold and Precious Metals Ltd	SHS	G3156P903	47	5,015	SH		SOLE		5,015	0	0
Liberty All Star Growth Fund Inc	COM	529900102	21	4,813	SH		SOLE		4,813	0	0
ASML Holding N V	N Y REGISTRY SHS	N07059210	16	100	SH		SOLE		100	0	0
Grupo Aeroportuario del Sureste SAB de CV	SPON ADR SER B	40051E202	994	6,600	SH		SOLE		6,600	0	0
Avianca Holdings SA	SPON ADR REP PFD	05367G100	1,100	270,869	SH		SOLE		270,869	0	0
Advent Claymore Convertible Securities and Income Fund	COM	00764C109	375	29,867	SH		SOLE		29,867	0	0
American Express Co	COM	025816109	7	69	SH		SOLE		69	0	0
Alibaba Group Holding Limited	SPONSORED ADS	01609W102	7	49	SH		SOLE		49	0	0
Banco Bradesco S.A.	SP ADR PFD	059460303	5	536	SH		SOLE		536	0	0
Banco Bilbao Vizcaya Argentaria SA	SPONSORED ADR	05946K101	27	5,143	SH		SOLE		5,143	0	0
BlackRock Enhanced Equity Dividend Trust	COM	09251A104	12	1,500	SH		SOLE		1,500	0	0
Becton Dickinson & Co	COM	075887109	5	24	SH		SOLE		24	0	0
BlackRock Calif Mun Income	COM SH BEN INT	09248E102	96	8,000	SH		SOLE		8,000	0	0
Blackstone / GSO Strategic Credit Fund	COM SHS BEN IN	09257R101	172	12,771	SH		SOLE		12,771	0	0
BHP Billiton Ltd	SPONSORED ADR	088606108	6	140	SH		SOLE		140	0	0
Baidu Inc	SPON ADR REP A	056752108	28	175	SH		SOLE		175	0	0
Boulder Growth & Income Fund Inc	COM	101507101	11,206	1,074,440	SH		OTR	1	761,817	312,623	0
SPDR Ser Tr	SPDR BLOOMBERG	78468R663	999	10,919	SH		SOLE		10,919	0	0
BioMarin Pharmaceutical Inc	COM	09061G101	21	251	SH		SOLE		251	0	0
Bristol-Myers Squibb Co	COM	110122108	88	1,700	SH		SOLE		1,700	0	0
Popular Inc	COM NEW	733174700	2,608	55,230	SH		SOLE		55,230	0	0
BlackRock Long-Term Municipal Advantage Trust	COM	09250B103	160	14,998	SH		SOLE		14,998	0	0
BlackRock Municipal 2030 Target Term Trust	COM SHS BEN IN	09257P105	322	15,686	SH		SOLE		15,686	0	0
BrandywineGLOBAL - Global Income Opportunities Fund Inc.	COM	10537L104	22	2,159	SH		SOLE		2,159	0	0
BlackRock Maryland Municipal Bond Trust	COM	09249L105	185	14,151	SH		SOLE		14,151	0	0
Chubb Ltd	COM	H1467J104	8	63	SH		SOLE		63	0	0
AllianzGI Convertible & Income 2024 Target Term Fund	COM	01883H102	558	69,865	SH		SOLE		69,865	0	0
Carnival Corp	UNIT 99/99/9999	143658300	962	19,518	SH		SOLE		19,518	0	0
Central and Eastern European Fund Inc	COM	153436100	39	1,783	SH		SOLE		1,783	0	0
Sprott Physical Gold and Silver Trust	TR UNIT	85208R101	100	8,000	SH		SOLE		8,000	0	0
Celgene Corp	COM	151020104	19	300	SH		SOLE		300	0	0
Clearbridge MLP and Midstrm	COM	184692101	850	81,639	SH		SOLE		81,639	0	0
Central Securities Corp	COM	155123102	11,356	457,367	SH		OTR	1	296,922	160,445	0
Eaton Vance California Municipal Income Trust	SH BEN INT	27826F101	121	10,947	SH		SOLE		10,947	0	0
The China Fund Inc	COM	169373107	38	2,260	SH		SOLE		2,260	0	0
Bancolombia SA	SPON ADR PREF	05968L102	754	19,780	SH		SOLE		19,780	0	0
Credit Suisse Asset Management Income Fund Inc	COM	224916106	564	203,676	SH		SOLE		203,676	0	0
Cornerstone Strategic Value Fund Inc	COM	21924B302	9,576	856,541	SH		OTR	1	669,651	186,890	0
MFS High Yield Municipal Trust	SH BEN INT	59318E102	106	25,367	SH		SOLE		25,367	0	0
Canadian Natural Resources Ltd	COM	136385101	5	211	SH		SOLE		211	0	0
Copa Holdings SA	CL A	P31076105	1,915	24,329	SH		SOLE		24,329	0	0
Cornerstone Total Rtrn Fd In	COM	21924U300	2,794	251,518	SH		OTR	1	240,963	10,555	0
Credit Suisse Group AG	SPONSORED ADR	225401108	4	353	SH		SOLE		353	0	0
The Herzfeld Caribbean Basin Fund Inc	COM	42804T106	5,720	1,167,360	SH		OTR		667,290	500,070	0
Consolidated Water Co Ltd	ORD	G23773107	1,418	121,638	SH		SOLE		121,638	0	0
Cemex SAB de CV	SPON ADR NEW	151290889	1,501	311,397	SH		SOLE		311,397	0	0
MFS High Income Municipal Trust	SH BEN INT	59318D104	266	57,470	SH		SOLE		57,470	0	0
MFS Investment Grade Municipal Trust	SH BEN INT	59318B108	936	106,600	SH		SOLE		106,600	0	0
Doubleline Opportunitic Cr	COM	258623107	547	28,863	SH		SOLE		28,863	0	0
Diageo PLC	SPON ADR NEW	25243Q205	18	129	SH		SOLE		129	0	0
Flaherty & Crumrine Dynamic Preferred and Income Fund	SHS	33848W106	144	7,062	SH		SOLE		7,062	0	0
The Walt Disney Co	COM DISNEY	254687106	8	75	SH		SOLE		75	0	0
Dreyfus Mun Income Inc	COM	26201R102	38	5,000	SH		SOLE		5,000	0	0
Doubleline Income Solutions	COM	258622109	3,222	185,900	SH		SOLE		185,900	0	0
BlackRock Debt Strategies Fund	COM NEW	09255R202	138	14,095	SH		SOLE		14,095	0	0
DowDuPont Inc	COM	26078J100	4	75	SH		SOLE		75	0	0
Eagle Point Credit Co Inc	COM	269808101	921	64,818	SH		SOLE		64,818	0	0
Morgan Stanley Em Mkts Dm De	COM	617477104	707	116,681	SH		SOLE		116,681	0	0
New Oriental Education & Technology Group Inc	SPON ADR	647581107	4	66	SH		SOLE		66	0	0
The European Equity Fund Inc	COM	298768102	219	28,388	SH		SOLE		28,388	0	0
Eaton Vance Mun Bd Fd	COM	27827X101	221	19,593	SH		SOLE		19,593	0	0
Eaton Vance Mun Bd Fd II	COM	27827K109	44	4,020	SH		SOLE		4,020	0	0
Western Asset Emrg Mkt Debt	COM	95766A101	47	3,811	SH		SOLE		3,811	0	0
Clearbridge Energy Midstrm O	COM	18469P100	28	3,542	SH		SOLE		3,542	0	0
Enzo Biochem Inc	COM	294100102	33	11,882	SH		SOLE		11,882	0	0
Equinix Inc	COM PAR $0.001	29444U700	30	86	SH		SOLE		86	0	0
Equus Total Return Inc	COM	294766100	2	1,174	SH		SOLE		1,174	0	0
Era Group Inc	COM	26885G109	118	13,474	SH		SOLE		13,474	0	0
Wells Fargo Advantage Multi-Sector Income Fund	COM	94987D101	112	10,142	SH		SOLE		10,142	0	0
Embraer S A	SP ADR REP 4 COM	29082A107	5	234	SH		SOLE		234	0	0
Empire State Realty Trust Inc	CL A	292104106	909	63,894	SH		SOLE		63,894	0	0
Eaton Vance Short Duration Diversified Income Fund	COM	27828V104	730	58,646	SH		SOLE		58,646	0	0
Eaton Vance Calif Mun Bd Fd	COM	27828A100	90	9,120	SH		SOLE		9,120	0	0
Eaton Vance Ohio Municipal Income Trust	SH BEN INT	27826G109	122	10,074	SH		SOLE		10,074	0	0
EVERTEC Inc	COM	30040P103	613	21,356	SH		SOLE		21,356	0	0
Eaton Vance Limited Duration Income Fund	COM	27828H105	1,440	120,823	SH		SOLE		120,823	0	0
Eaton Vance Tax Adv Bd Opt S	COM SH BEN INT	27829M103	180	21,152	SH		SOLE		21,152	0	0
First Trust Aberdeen Global Opportunity Income Fund	COM SHS	337319107	27	2,915	SH		SOLE		2,915	0	0
Aberdeen Asia Pacific In Com	COM	003009107	40	10,349	SH		SOLE		10,349	0	0
Fortress Biotech Inc	COM	34960Q109	2	2,587	SH		SOLE		2,587	0	0
First BanCorp/Puerto Rico	COM NEW	318672706	2,318	269,477	SH		SOLE		269,477	0	0
Fresh Del Monte Produce Inc	ORD	G36738105	1,201	42,500	SH		SOLE		42,500	0	0
Flaherty & Crmn Pfd Sec Inc	COM	338478100	144	8,585	SH		SOLE		8,585	0	0
First Trust Energy Infrastructure Fund	COM	33738C103	702	54,190	SH		SOLE		54,190	0	0
Fiduciary/Claymore MLP Opportunity Fund	COM	31647Q106	359	40,396	SH		SOLE		40,396	0	0
Fomento Economico Mexicano SAB de CV	SPON ADR UNITS	344419106	1,287	14,962	SH		SOLE		14,962	0	0
First Trust Mortgage Income Fund	COM SHS	33734E103	300	22,901	SH		SOLE		22,901	0	0
Cohen & Steers Closed-End Opportunity Fund, Inc.	COM	19248P106	1,857	167,481	SH		SOLE		167,481	0	0
First Tr Inter Dur Pfd & In	COM	33718W103	174	8,781	SH		SOLE		8,781	0	0
First Trust High Income Long/Short Fund	COM	33738E109	1,877	141,307	SH		SOLE		141,307	0	0
Sprott Focus Trust Inc	COM	85208J109	170	29,407	SH		SOLE		29,407	0	0
Gabelli Equity Trust Inc	COM	362397101	26	5,066	SH		SOLE		5,066	0	0
General American Investors Co Inc	COM	368802104	4,648	163,424	SH		OTR	1	117,453	45,971	0
The GDL Fund	COM SH BEN IT	361570104	39	4,219	SH		SOLE		4,219	0	0
The Gabelli Dividend & Income Trust	COM	36242H104	54	2,930	SH		SOLE		2,930	0	0
VanEck Vectors Gold Miners ETF	GOLD MINERS ETF	92189F106	64	3,039	SH		SOLE		3,039	0	0
The New Germany Fund Inc	COM	644465106	1,609	137,543	SH		OTR	1	53,327	84,216	0
Western Asset Variable Rate	COM	957667108	20	1,308	SH		SOLE		1,308	0	0
PGIM Global Short Duration High Yield Fund, Inc.	COM	69346J106	3,627	280,738	SH		SOLE		280,738	0	0
Goldman Sachs MLP Income Opportunities Fund	COM SHS	38147W103	10	1,451	SH		SOLE		1,451	0	0
The Gabelli Healthcare & WellnessRx Trust	SHS	36246K103	2,239	242,102	SH		OTR	1	149,709	92,393	0
GW Pharmaceuticals PLC	ADS	36197T103	4	41	SH		SOLE		41	0	0
The Home Depot Inc	COM	437076102	10	56	SH		SOLE		56	0	0
Highland Floating Rate Opportunities Fund	SHS BEN INT	43010E404	10,613	829,179	SH		OTR		629,642	199,537	0
Pioneer Diversified High Income Trust	COM	723653101	385	29,649	SH		SOLE		29,649	0	0
Tekla Healthcare Investors	SH BEN INT	87911J103	522	29,108	SH		SOLE		29,108	0	0
Tekla Life Science Investors	SH BEN INT	87911K100	598	39,546	SH		SOLE		39,546	0	0
HSBC Holdings plc	SPON ADR	404280406	5	124	SH		SOLE		124	0	0
iShares Nasdaq Biotechnology ETF	NASDAQ BIOTECH	464287556	492	5,100	SH		SOLE		5,100	0	0
ICICI Bank Ltd	ADR	45104G104	33	3,212	SH		SOLE		3,212	0	0
The India Fund Inc	COM	454089103	1,494	73,790	SH		OTR	1	48,003	25,787	0
iShares U.S. Medical Devices ETF	U.S. MED DVC ETF	464288810	569	2,850	SH		SOLE		2,850	0	0
Morgan Stanley India Investment Fund Inc	COM	61745C105	1,096	54,645	SH		OTR	1	4,645	50,000	0
Incyte Corp	COM	45337C102	15	242	SH		SOLE		242	0	0
HIS Markit Ltd	SHS	G47567105	5	98	SH		SOLE		98	0	0
ING Groep NV	SPONSORED ADR	456837103	4	405	SH		SOLE		405	0	0
Inovio Pharmaceuticals Inc	COM NEW	45773H201	20	5,000	SH		SOLE		5,000	0	0
Intuit	COM	461202103	5	26	SH		SOLE		26	0	0
The New Ireland Fund Inc	COM	645673104	9	1,084	SH		SOLE		1,084	0	0
PGIM Short Duration High Yield Fund, Inc.	COM	69346H100	5,757	441,862	SH		OTR	1	345,806	96,056	0
Itau Unibanco Holding S.A.	SPON ADR REP PFD	465562106	12	1,300	SH		SOLE		1,300	0	0
Ivy High Income Opportunities Fund	COM	465893105	345	28,424	SH		SOLE		28,424	0	0
IShares Tr	RUSSELL 3000 ETF	464287689	169	1,150	SH		SOLE		1,150	0	0
Nuveen Core Equity Alpha Fund	COM	67090X107	30	2,462	SH		SOLE		2,462	0	0
Aberdeen Japan Equity Fund Inc	COM	00306J109	1,741	268,226	SH		OTR	1	175,308	92,918	0
Nuveen Floating Rate Income Fund	COM	67072T108	709	76,857	SH		SOLE		76,857	0	0
Nuveen Global High Income Fund	SHS	67075G103	121	8,839	SH		SOLE		8,839	0	0
Nuveen Multi-Market Income Fund Inc	COM	67075J107	714	104,289	SH		SOLE		104,289	0	0
Johnson & Johnson	COM	478160104	11	82	SH		SOLE		82	0	0
Japan Smaller Capitalization Fund Inc	COM	47109U104	702	84,390	SH		OTR	1	52,180	32,210	0
Jupai Holdings Limited	COM	67073B106	71	8,521	SH		SOLE		8,521	0	0
JPMorgan Chase & Co	COM	46625H100	10	106	SH		SOLE		106	0	0
Nuveen Credit Strategies Income Fund	COM SHS	67073D102	8,568	1,157,860	SH		OTR	1	826,917	330,943	0
Nuveen Real Asset Income and Growth Fund	COM	67074Y105	91	6,686	SH		SOLE		6,686	0	0
Nuveen Floating Rate Income Opportunity Fund	COM SHS	6706EN100	2,521	279,465	SH		OTR	1	148,865	130,600	0
The Korea Fund Inc	COM NEW	500634209	77	2,745	SH		SOLE		2,745	0	0
KKR Income Opportunities Fund	COM	48249T106	605	42,491	SH		SOLE		42,491	0	0
Kayne Anderson Midstream/Energy Fund Inc	COM	48661E108	1,538	159,417	SH		OTR	1	88,108	71,309	0
Karyopharm Therapeutics Inc	COM	48576U106	14	1,500	SH		SOLE		1,500	0	0
Kayne Anderson MLP Investment Company	COM	486606106	1,585	115,173	SH		OTR	1	57,292	57,881	0
Lennar Corp	CL A	526057104	1,938	49,500	SH		SOLE		49,500	0	0
Dreyfus Strategic Municipals, Inc.	COM	261932107	508	70,800	SH		SOLE		70,800	0	0
LivaNova PLC	SHS	G5509L101	762	8,330	SH		SOLE		8,330	0	0
Eli Lilly & Co	COM	532457108	69	600	SH		SOLE		600	0	0
Lululemon Athletica Inc	COM	550021109	4	37	SH		SOLE		37	0	0
Pioneer Municipal High Income Advantage Trust	COM	723762100	1	105	SH		SOLE		105	0	0
McDonald's Corp	COM	580135101	9	50	SH		SOLE		50	0	0
SPDR S&P MidCap 400 ETF Tr	UTSER1 S&PDCRP	78467Y107	45	150	SH		SOLE		150	0	0
MFS Municipal Income Trust	SH BEN INT	552738106	333	54,167	SH		SOLE		54,167	0	0
Macquarie Global Infrastructure Total Return Fund Inc	COM	55608D101	96	5,086	SH		SOLE		5,086	0	0
BlackRock Mass Tax- Exempt Tr	COM SH BEN INT	09258E109	33	2,987	SH		SOLE		2,987	0	0
Pioneer Municipal High Income Trust	COM SHS	723763108	331	30,188	SH		SOLE		30,188	0	0
Cohen & Steers MLP Income and Energy Opportunity Fund Inc	COM SHS	19249B106	437	58,313	SH		SOLE		58,313	0	0
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	ENHAN SHRT MA AC	72201R833	1,959	19,402	SH		SOLE		19,402	0	0
Martin Marietta Materials Inc	COM	573284106	516	3,000	SH		SOLE		3,000	0	0
MainStay DefinedTerm Municipal Opportunities Fund	COM	56064K100	75	3,863	SH		SOLE		3,863	0	0
3M Co	COM	88579Y101	6	29	SH		SOLE		29	0	0
BlackRock Muni New York Intermediate Duration Fund Inc	COM	09255F109	1	100	SH		SOLE		100	0	0
Merck & Co Inc	COM	58933Y105	153	2,000	SH		SOLE		2,000	0	0
Microsoft Corp	COM	594918104	12	121	SH		SOLE		121	0	0
MasTec Inc	COM	576323109	4,758	117,297	SH		SOLE		117,297	0	0
BlackRock Munihldngs Cali QL	COM	09254L107	173	14,050	SH		SOLE		14,050	0	0
Mitsubishi UFJ Financial Group Inc	SPONSORED ADS	606822104	7	1,477	SH		SOLE		1,477	0	0
BlackRock Munihldgs Fd II In	COM	09253P109	107	8,242	SH		SOLE		8,242	0	0
BlackRock Muni Intermediate Duration Fund Inc	COM	09253X102	367	28,991	SH		SOLE		28,991	0	0
MVC Capital Inc	COM	553829102	11	1,381	SH		SOLE		1,381	0	0
The Mexico Equity & Income Fund Inc	COM	592834105	537	53,361	SH		OTR	1	26,941	26,420	0
Nuveen Taxable Municpl Incm	COM	67074C103	742	38,349	SH		SOLE		38,349	0	0
Norwegian Cruise Line Holdings Ltd	SHS	G66721104	2,414	56,944	SH		SOLE		56,944	0	0
Nuveen AMT-Free Quality Municipal Income Fund	COM	670657105	82	6,693	SH		SOLE		6,693	0	0
NextEra Energy Inc	COM	65339F101	1,051	6,045	SH		SOLE		6,045	0	0
AllianzGI NFJ Dividend Interest & Premium Strategy Fund	COM	01883A107	414	38,787	SH		OTR	1	80	38,707	0
Nuveen Preferred Income Opportunities Fund	SPONSORED ADR	636274409	8	159	SH		SOLE		159	0	0
NexPoint Credit Strategies Fund	COM NEW	65340G205	14,509	728,009	SH		OTR	1	495,250	232,759	0
Nuveen California Amt Qlt Mu	COM	670651108	127	10,000	SH		SOLE		10,000	0	0
Neuberger Berman MLP Income Fund Inc	COM	64129H104	1,151	172,034	SH		SOLE		172,034	0	0
Nuveen Massachusets Qlt Mun	COM	67061E104	35	2,983	SH		SOLE		2,983	0	0
Northrop Grumman Corporation	COM	666807102	6	26	SH		SOLE		26	0	0
NuStar Energy L.P.	COM	67067Y104	8	1,400	SH		SOLE		1,400	0	0
Tortoise MLP Fund, Inc	COM	89148B101	14	1,164	SH		SOLE		1,164	0	0
Novartis AG	SPONSORED ADR	66987V109	50	586	SH		SOLE		586	0	0
Nuveen New Jersey Quality Municipal Income Fund	COM	67069Y102	82	6,456	SH		SOLE		6,456	0	0
Nuveen Select Tax-Free Income Portfolio	SH BEN INT	67062F100	109	7,740	SH		SOLE		7,740	0	0
Nuveen Select Tax-Free Income 3 Portfolio	SH BEN INT	67063X100	112	7,810	SH		SOLE		7,810	0	0
OFS Credit Company Inc	COM	67111Q107	4,347	284,836	SH		OTR	1	252,015	32,821	0
Rivernorth Doubleline Strate	COM	76882G107	356	21,932	SH		SOLE		21,932	0	0
Orange S.A.	SPONSORED ADR	684060106	8	464	SH		SOLE		464	0	0
Invesco Exchng Traded Fd Tr	CEF INM COMPSI	46138E404	7,173	354,550	SH		SOLE		354,550	0	0
PIMCO Dynamic Credit and Mortgage Income Fund	COM SHS	72202D106	9,609	456,462	SH		OTR	1	363,273	93,189	0
PIMCO California Municipal Income Fund II	COM	72200M108	695	88,805	SH		SOLE		88,805	0	0
Adams Natural Resources Fund Inc	COM	00548F105	2,407	165,180	SH		OTR	1	36,560	128,620	0
PepsiCo, Inc.	COM	713448108	10	90	SH		SOLE		90	0	0
Pfizer Inc	COM	717081103	10	221	SH		SOLE		221	0	0
PGT Innovations Inc	COM	69336V101	874	55,170	SH		SOLE		55,170	0	0
Principal Real Estate Income Fund	SHS BEN INT	74255X104	208	12,560	SH		SOLE		12,560	0	0
Koninklijke Philips NV	NY REG SH NEW	500472303	6	168	SH		SOLE		168	0	0
Pioneer High Income Trust	COM	72369H106	285	35,765	SH		SOLE		35,765	0	0
Putnam Managed Municipal Income Trust	COM	746823103	73	10,794	SH		SOLE		10,794	0	0
Putnam Municipal Opportunities Trust	SH BEN INT	746922103	81	7,242	SH		SOLE		7,242	0	0
The PNC Financial Services Group Inc	COM	693475105	7	59	SH		SOLE		59	0	0
PIMCO NY Municipal Income Fd	COM	72200T103	21	1,800	SH		SOLE		1,800	0	0
Pimco New York Municipal Income	COM	72200Y102	122	11,554	SH		SOLE		11,554	0	0
Voya Prime Rate Trust	SH BEN INT	92913A100	2,833	631,052	SH		SOLE		631,052	0	0
Prudential PLC	ADR	74435K204	6	168	SH		SOLE		168	0	0
PIMCO New York Municipal Income Fund III	COM	72201E105	243	28,035	SH		SOLE		28,035	0	0
PIMCO California Municipal Income Fund III	COM	72201C109	229	24,028	SH		SOLE		24,028	0	0
Invesco QQQ Tr	UNIT SER 1	46090E103	42	270	SH		SOLE		270	0	0
Nuveen NASDAQ 100 Dynamic Overwrite Fund	COM SHS	670699107	33	1,630	SH		SOLE		1,630	0	0
Brookfield Real Assets Incom	COM SH BEN INT	112830104	971	50,924	SH		OTR	1	19,337	31,587	0
RENN Fund Inc	COM	759720105	34	22,847	SH		SOLE		22,847	0	0
Rogers Communications Inc	CL B	775109200	8	148	SH		SOLE		148	0	0
Royal Caribbean Cruises Ltd	COM	V7780T103	3,054	31,229	SH		SOLE		31,229	0	0
Royal Dutch Shell PLC	SPON ADR B	780259107	527	225	SH		SOLE		225	0	0
RMR Real Estate Income Fund	COM	76970B101	66	4,401	SH		SOLE		4,401	0	0
Raytheon Co	COM NEW	755111507	8	49	SH		SOLE		49	0	0
Royce Value Trust Inc	COM	780910105	29	2,477	SH		SOLE		2,477	0	0
SAP SE	SPON ADR	803054204	6	62	SH		SOLE		62	0	0
Sea Limited	ADR	81141R100	13	1,171	SH		SOLE		1,171	0	0
Seaboard Corp	COM	811543107	969	274	SH		SOLE		274	0	0
Sangamo Therapeutics, Inc.	COM	800677106	57	5,000	SH		SOLE		5,000	0	0
SK Telecom Co Ltd	SPONSORED ADR	78440P108	6	224	SH		SOLE		224	0	0
Sumitomo Mitsui Finl Group I	SPONSORED ADR	86562M209	4	653	SH		SOLE		653	0	0
Salient Midstream & MLP Fund	SH BEN INT	79471V105	1,309	177,085	SH		OTR	1	57,154	119,931	0
Sony Corp	SPONSORED ADR	835699307	33	690	SH		SOLE		690	0	0
China Petroleum & Chemical Corp	SPON ADR H SHS	16941R108	4	60	SH		SOLE		60	0	0
Sanofi	SPONSORED ADR	80105N105	8	173	SH		SOLE		173	0	0
Source Capital Inc	COM	836144105	1,902	58,440	SH		OTR	1	37,557	20,883	0
Special Opportunities Fund Inc	COM	84741T104	508	42,866	SH		SOLE		42,866	0	0
Simon Property Group Inc	COM	828806109	8	46	SH		SOLE		46	0	0
SPDR S&P 500 ETF Tr	TR UNIT	78462F103	55	220	SH		SOLE		220	0	0
The Cushing MLP Total Return Fund	COM NEW	231631201	59	6,909	SH		SOLE		6,909	0	0
Suncor Energy Inc	COM	867224107	29	1,049	SH		SOLE		1,049	0	0
Firsthand Technology Value Fund, Inc.	COM	33766Y100	424	37,849	SH		SOLE		37,849	0	0
ProShares Short VIX Short-Term Futures ETF	SHT VIX ST TRM	74347W130	8	194	SH		SOLE		194	0	0
Stryker Corporation	COM	863667101	7	43	SH		SOLE		43	0	0
Takeda Pharmaceutical Co Ltd	SPONSORED ADR	874060205	67	4,000	SH		SOLE		4,000	0	0
The Toronto-Dominion Bank	COM NEW	891160509	7	133	SH		SOLE		133	0	0
Templeton Dragon Fund Inc	COM	88018T101	356	20,955	SH		OTR	1	1,300	19,655	0
Tekla Healthcare Opportunities Fund	SHS	879105104	7,672	457,233	SH		OTR	1	310,203	147,030	0
Tekla World Healthcare Fund	BEN INT SHS	87911L108	4,250	366,695	SH		OTR	1	208,042	158,653	0
iShares TIPS Bond ETF	TIPS BD ETF	464287176	45	410	SH		SOLE		410	0	0
TJX Cos Inc	COM	872540109	5	116	SH		SOLE		116	0	0
Tortoise Power and Energy Infrastructure Fund Inc	COM	89147X104	1,813	113,712	SH		OTR	1	52,453	61,259	0
The Travelers Companies, Inc.	COM	89417E109	3	29	SH		SOLE		29	0	0
TCW Strategic Income Fund Inc	COM	872340104	11	2,000	SH		SOLE		2,000	0	0
Taiwan Semiconductor Manufacturing Company Limited	SPONSORED ADR	874039100	8	205	SH		SOLE		205	0	0
Tortoise Pipeline & Energy Fund Inc	COM	89148H108	1,570	126,485	SH		OTR	1	58,817	67,668	0
Grupo Televisa SAB	SPON ADR REP ORD	40049J206	357	28,400	SH		SOLE		28,400	0	0
The Taiwan Fund Inc	COM	874036106	1,813	119,565	SH		OTR	1	34,210	85,355	0
Tri-Continental Corp	COM	895436103	85	3,617	SH		SOLE		3,617	0	0
Tortoise Energy Infrastructure Corporation	COM	89147L100	1,732	87,031	SH		OTR	1	59,269	27,762	0
Unilever N.V.	N Y SHS NEW	904784709	10	185	SH		SOLE		185	0	0
UnitedHealth Group Inc	COM	91324P102	11	43	SH		SOLE		43	0	0
Liberty All Star Equity Fund	SH BEN INT	530158104	77	14,258	SH		SOLE		14,258	0	0
United States Oil Fund LP	UNITS	91232N108	10	1,000	SH		SOLE		1,000	0	0
United Technologies Corp	COM	913017109	7	68	SH		SOLE		68	0	0
Visa Inc	COM CL A	92826C839	11	82	SH		SOLE		82	0	0
Marriott Vacations Worldwide Corp	COM	57164Y107	1,181	16,745	SH		SOLE		16,745	0	0
Vale SA	ADR	91912E105	7	527	SH		SOLE		527	0	0
Invesco Calif Value Mun Inc	COM	46132H106	68	6,000	SH		SOLE		6,000	0	0
Vulcan Materials Co	COM	929160109	494	5,000	SH		SOLE		5,000	0	0
Delaware Investments Minnesota Municipal Income Fund II Inc	COM	24610V103	51	4,272	SH		SOLE		4,272	0	0
Invesco Municipal Opportunity Trust	COM	46132C107	259	23,131	SH		SOLE		23,131	0	0
Invesco Dynamic Credit Opportunities Fund	COM	46132R104	1,371	133,528	SH		SOLE		133,528	0	0
Invesco Senior Income Trust	COM	46131H107	1,742	445,652	SH		SOLE		445,652	0	0
Vanguard Intl Equity Index F	FTSE EMR MKT ETF	922042858	76	1,986	SH		SOLE		1,986	0	0
Verizon Communications Inc	COM	92343V104	5	96	SH		SOLE		96	0	0
Western Asset/Claymore Inflation-Linked Securities & Income Fund	COM SH BEN INT	95766Q106	266	25,121	SH		SOLE		25,121	0	0
Western Asset/Claymore Inflation-Linked Opportunities & Income Fund	COM	95766R104	52	5,087	SH		SOLE		5,087	0	0
Waste Management, Inc.	COM	94106L109	4	45	SH		SOLE		45	0	0
Wal-Mart Stores Inc	COM	931142103	8	86	SH		SOLE		86	0	0
Watsco Inc	COM	942622200	1,113	8,000	SH		SOLE		8,000	0	0
Vaneck Vectors ETF Tr	CEF MUN INCOME E	92189F460	595	24,900	SH		SOLE		24,900	0	0
Exxon Mobil Corp	COM	30231G102	5	73	SH		SOLE		73	0	0
Virtus Total Return Fund Inc	COM	92837G100	24	2,721	SH		SOLE		2,721	0	0
Zoetis Inc.	CL A	98978V103	7	85	SH		SOLE		85	0	0