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Institutional Investment Manager
Thomas J. Herzfeld Advisors, Inc.
Thomas J. Herzfeld Advisors, Inc. (CIK: 0001509510) incorporated in Florida, located at 119 Washington Avenue, Suite 504, Miami Beach, FL. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q1)
Portfolio Summary: 292 holdings with a total value of $214,686,000.
#
Name
Shares
Value ($)
%
Options
Notes
251 UNITED STATES OIL FUND LP 1,000 17,000 0.01%
252 CENTER COAST MLP & INFRSTR FD COM SHS 901 16,000 0.01%
253 ALTRIA GROUP INC 311 16,000 0.01%
254 OCCIDENTAL PETE CORP DEL 208 15,000 0.01%
255 SCHLUMBERGER LTD 179 15,000 0.01%
256 JOHNSON & JOHNSON 144 14,000 0.01%
257 AMERICAN ELEC PWR INC 243 14,000 0.01%
258 VERIZON COMMUNICATIONS INC 288 14,000 0.01%
259 HANCOCK JOHN TAX-ADV DIV INC 655 14,000 0.01%
260 COMPANHIA BRASILEIRA DE DIST 458 14,000 0.01%
261 DOMINION ENERGY INC 200 14,000 0.01%
262 INTEL CORP 454 14,000 0.01%
263 EXXON MOBIL CORP 163 14,000 0.01%
264 NUVEEN GLOBAL EQUITY INCOME 1,000 13,000 0.01%
265 Tortoise Energy Infrastructure, 3.75% Preferred Series B 1,300 13,000 0.01%
266 PHILIP MORRIS INTL INC 175 13,000 0.01%
267 BLACKROCK ENHANCED EQT DIV T 1,402 12,000 0.01%
268 Hewlett Packard Co 400 12,000 0.01%
269 ISHARES 322 12,000 0.01%
270 ISHARES TR 36 12,000 0.01%
271 CORNERSTONE STRATEGIC VALUE 574 12,000 0.01%
272 VANGUARD WORLD FD 100 11,000 0.01%
273 MORGAN STANLEY EMERGING MKTS FD INC 716 11,000 0.01%
274 TRANSAMERICA INCOME SHS INC 429 9,000 0.00%
275 LATIN AMERN DISCOVERY FD INC 800 8,000 0.00%
276 SELECT SECTOR SPDR TR 111 8,000 0.00%
277 WISDOMTREE TR 143 8,000 0.00%
278 RAND CAP CORP 2,000 8,000 0.00%
279 GABELLI GLB SML & MD CP VAL TR 700 7,000 0.00%
280 FIRST TR EXCHANGE TRADED FD 209 6,000 0.00%
281 ISHARES INC 116 6,000 0.00%
282 ISHARES TR MSCI UTD KNGDM 282 5,000 0.00%
283 SELECT SECTOR SPDR TR 65 5,000 0.00%
284 BLACKROCK LIMITED DURATION INCORPORATED TR COM SHS 250 4,000 0.00%
285 ROYCE MICRO CAP TR INC 365 4,000 0.00%
286 VANGUARD WORLD FDS 31 3,000 0.00%
287 WELLS FARGO MULTI SECTOR INC 234 3,000 0.00%
288 TEKLA HEALTHCARE INVS 98 3,000 0.00%
289 PIONEER DIVERSIFIED HIGH INC 200 3,000 0.00%
290 BLACKROCK CORE BD TR 200 3,000 0.00%
291 VANGUARD WORLD FDS 39 3,000 0.00%
292 TEKLA LIFE SCIENCES INVS 58 2,000 0.00%
Page 6 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-15-003351, filed 2015.05.15).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.