TJHA

Thomas J. Herzfeld Advisors Portfolio holdings

AUM $294M

AUM

$294M

AUM Growth

-$18.1M (-6%)

Cap. Flow

+$14.1M

Cap. Flow % of AUM

4.8%

Top 10 Holdings %Top 10 Hldgs %

51.61%

Holding

155

New

Increased

Reduced

Closed

Top Buys

1	CUBA Herzfeld Caribbean Basin Fund CUBA	$9.47M
2	Nuveen Floating Rate Income Fund JFR	$4.27M
3	PDX PIMCO Dynamic Income Strategy Fund PDX	$3.64M
4	Saba Closed-End Funds ETF CEFS	$2.55M
5	SABA Saba Capital Income & Opportunities Fund II SABA	$2.3M

Top Sells

1	Nuveen Variable Rate Preferred & Income Fund NPFD	$4.32M
2	BlackRock Capital Allocation Term Trust BCAT	$3.05M
3	Norwegian Cruise Line NCLH	$2.26M
4	SPMC Sound Point Meridian Capital, Inc. SPMC	$2.18M
5	ECC Eagle Point Credit Co ECC	$1.66M

Sector Composition

1	Financials	24.48%
2	Consumer Discretionary	1.83%
3	Industrials	1.45%
4	Utilities	1.18%
5	Materials	0.7%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
1	PDX 1 PIMCO Dynamic Income Strategy Fund PDX $1.08B	$40.3M	13.7%	1,641,558 +148,469	+10%	+$3.64M
2	FSCO 2 FS Credit Opportunities Corp FSCO $1.43B	$22.2M	7.54%	3,144,864 -92,385	-3%	-$651K
3	CUBA 3 Herzfeld Caribbean Basin Fund CUBA $37.9M	$16.1M	5.49%	6,043,689 +3,546,303	+142%	+$9.47M
4	SABA 4 Saba Capital Income & Opportunities Fund II SABA $251M	$14.8M	5.03%	1,701,210 +264,620	+18%	+$2.3M
5	HFRO 5 Highland Opportunities and Income Fund HFRO $284M	$13.9M	4.74%	2,677,303 -83,475	-3%	-$434K
6	6 Nuveen Floating Rate Income Fund JFR $1.11B	$9.93M	3.38%	1,172,900 +504,309	+75%	+$4.27M
7	7 Prospect Capital PSEC $1.47B	$9.49M	3.23%	2,315,582 +487,171	+27%	+$2M
8	RA 8 Brookfield Real Assets Income Fund RA $717M	$8.77M	2.98%	666,668 +71,684	+12%	+$943K
9	9 SuRo Capital SSSS $174M	$8.52M	2.9%	1,714,062 +356,653	+26%	+$1.77M
10	10 Nuveen Variable Rate Preferred & Income Fund NPFD $462M	$7.7M	2.62%	410,089 -230,044	-36%	-$4.32M
11	XFLT 11 XAI Octagon Floating Rate and Alternative Income Trust XFLT $435M	$7.43M	2.53%	1,258,025 +221,874	+21%	+$1.31M
12	PAXS 12 PIMCO Access Income Fund PAXS $680M	$6.11M	2.08%	380,600 +22,315	+6%	+$358K
13	FFC 13 Flaherty & Crumrine Preferred and Income Securities Fund FFC $765M	$5.67M	1.93%	355,738 -12,487	-3%	-$199K
14	DMA 14 Destra Multi-Alternative Fund DMA $78M	$5.18M	1.76%	611,015 -78,565	-11%	-$666K
15	TYG 15 Tortoise Energy Infrastructure Corp TYG $448M	$4.55M	1.55%	105,767 -21,813	-17%	-$939K
16	SPMC 16 Sound Point Meridian Capital, Inc. SPMC	$4.49M	1.53%	225,137 -109,407	-33%	-$2.18M
17	EMO 17 ClearBridge Energy Midstream Opportunity Fund EMO $848M	$4.45M	1.52%	89,770 -15,877	-15%	-$788K
18	18 Kayne Anderson Energy Infrastructure Fund KYN $2.09B	$4.33M	1.47%	337,162 +15,922	+5%	+$204K
19	NBXG 19 Neuberger Berman Next Generation Connectivity Fund NBXG $1.09B	$4.27M	1.45%	348,571 -10,485	-3%	-$128K
20	20 Nuveen Dow 30SM Dynamic Overwrite Fund DIAX $516M	$4.14M	1.41%	285,536 +6,302	+2%	+$91.3K
21	RFMZ 21 RiverNorth Flexible Municipal Income Fund II RFMZ $308M	$4.06M	1.38%	302,810 +47,376	+19%	+$636K
22	22 Cohen & Steers Duration Preferred & Income Fund LDP $599M	$3.79M	1.29%	186,043 -660	-0.4%	-$13.4K
23	23 BlackRock Science and Technology Term Trust BSTZ $1.38B	$3.6M	1.22%	202,849 -23,490	-10%	-$417K
24	24 MasTec MTZ $12.9B	$3.49M	1.19%	29,872 -5,000	-14%	-$584K
25	25 Nextra Energy NEE $149B	$3.31M	1.13%	46,697 +20,000	+75%	+$1.42M