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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 (2016Q3)
Portfolio Summary: 294 holdings with a total value of $187,790,000.
#
Name
Shares
Value ($)
%
Options
Notes
251 BANCO BILBAO VIZCAYA ARGENTA 4,079 24,000 0.01%
252 TRIPADVISOR INC 385 24,000 0.01%
253 ARES DYNAMIC CR ALLOCATION F 1,596 24,000 0.01%
254 GILDAN ACTIVEWEAR INC 851 24,000 0.01%
255 Lloyds Banking Group Plc 7,926 23,000 0.01%
256 EATON VANCE FLTG RATE INCOM 1,471 23,000 0.01%
257 GABELLI EQUITY TR INC 3,991 23,000 0.01%
258 SANOFI 612 23,000 0.01%
259 INCYTE CORP 242 23,000 0.01%
260 ASTRAZENECA PLC 690 23,000 0.01%
261 CISCO SYS INC 691 22,000 0.01%
262 PRUDENTIAL PLC 605 22,000 0.01%
263 BROOKFIELD HIGH INCOME FD IN 2,931 21,000 0.01%
264 DELPHI AUTOMOTIVE PLC 279 20,000 0.01%
265 PUTNAM HIGH INC SECURITIES FD N/C 7/24/18 42968F108 2,356 19,000 0.01%
266 LIBERTY GLOBAL PLC 545 19,000 0.01%
267 LAUDER ESTEE COS INC 216 19,000 0.01%
268 MVC CAPITAL INC 2,018 17,000 0.01%
269 HANCOCK JOHN TAX-ADV DIV INC 655 16,000 0.01%
270 CHECK POINT SOFTWARE TECH LT 202 16,000 0.01%
271 WESTERN ASSET CLYM INFL SEC IN COM SH BEN INT 1,317 15,000 0.01%
272 VANGUARD WORLD FD 100 12,000 0.01%
273 ALEXION PHARMACEUTIC 98 12,000 0.01%
274 CORNERSTONE STRATEGIC VALUE 809 12,000 0.01%
275 Ultrapetrol (Bahamas) Ltd 36,000 11,000 0.01%
276 EATON VANCE TAX-MANAGED GLOBAL COM 1,300 11,000 0.01%
277 GDL FUND 1,000 10,000 0.01%
278 MORGAN STANLEY EMERGING MKTS FD INC 716 10,000 0.01%
279 BLACKROCK ENHANCED EQT DIV T 1,300 10,000 0.01%
280 GABELLI GLB SML & MD CP VAL TR 700 8,000 0.00%
281 SELECT SECTOR SPDR TR 111 8,000 0.00%
282 TEKLA HEALTHCARE INVS 288 7,000 0.00%
283 FIRST TR EXCHANGE TRADED FD 209 7,000 0.00%
284 WISDOMTREE TR 143 6,000 0.00%
285 COHEN & STEERS GLOBAL INCORPORATED BLDR 635 6,000 0.00%
286 DEUTSCHE STRATEGIC INCOME TR SHS 400 5,000 0.00%
287 BLACKROCK LIMITED DURATION INCORPORATED TR COM SHS 250 4,000 0.00%
288 TORTOISE ENERGY INDEPENDENC 180 3,000 0.00%
289 WELLS FARGO MULTI SECTOR INC 234 3,000 0.00%
290 PIONEER DIVERSIFIED HIGH INC 200 3,000 0.00%
291 AMPLIPHI BIOSCIENCES CORP 1,000 2,000 0.00%
292 MANNKIND CORP. 1,000 1,000 0.00%
293 TEKLA LIFE SCIENCES INVS 65 1,000 0.00%
294 DREYFUS MUN BD INFRSTRCTR FD SHS 37 1,000 0.00%
Page 6 of 6

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-16-020749, filed 2016.11.14).

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.