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
26	TBLD 26 Thornburg Income Builder Opportunities Trust TBLD $605M	$3.29M	1.12%	183,561 -975	-0.5%	-$17.5K
27	CET 27 Central Securities Corp CET $1.37B	$3.17M	1.08%	70,484 -11,753	-14%	-$528K
28	MFM 28 MFS Municipal Income Trust MFM $208M	$3.12M	1.06%	587,872 +61,845	+12%	+$328K
29	TEAF 29 Ecofin Sustainable & Social Impact Term Fund TEAF $158M	$3.06M	1.04%	268,982 +3,703	+1%	+$42.1K
30	30 Saba Closed-End Funds ETF CEFS $287M	$2.9M	0.99%	135,966 +119,518	+727%	+$2.55M
31	PFN 31 PIMCO Income Strategy Fund II PFN $682M	$2.74M	0.93%	362,833 -82,112	-18%	-$619K
32	SDHY 32 PGIM Short Duration High Yield Opportunities Fund SDHY $402M	$2.71M	0.92%	164,585 +26	+0%	+$428
33	33 Nuveen NASDAQ 100 Dynamic Overwrite Fund QQQX $1.27B	$2.64M	0.9%	111,162 -6,007	-5%	-$143K
34	34 Simplify Interest Rate Hedge ETF PFIX $172M	$2.51M	0.85%	51,764 -1,438	-3%	-$69.7K
35	35 BlackRock MuniHoldings California Quality Fund MUC $970M	$2.51M	0.85%	233,897 +18,204	+8%	+$195K
36	TWN 36 Taiwan Fund TWN $250M	$2.46M	0.84%	74,104 +5,387	+8%	+$179K
37	37 Nuveen Real Estate Income Fund JRS $230M	$2.38M	0.81%	289,043 -2,880	-1%	-$23.7K
38	38 Royal Caribbean RCL $75B	$1.99M	0.68%	9,666 -8,000	-45%	-$1.64M
39	39 Norwegian Cruise Line NCLH $8.74B	$1.79M	0.61%	94,207 -119,000	-56%	-$2.26M
40	40 OFG Bancorp OFG $1.88B	$1.74M	0.59%	43,454	–	–
41	41 Nuveen Mortgage and Income Fund JLS $100M	$1.73M	0.59%	92,014 +4,683	+5%	+$87.9K
42	42 Popular Inc BPOP $7.25B	$1.72M	0.58%	18,598	–	–
43	43 First Bancorp FBP $3.26B	$1.7M	0.58%	88,690	–	–
44	DMO 44 Western Asset Mortgage Opportunity Fund DMO $135M	$1.67M	0.57%	140,994 +6,202	+5%	+$73.3K
45	45 Nuveen Quality Municipal Income Fund NAD $2.61B	$1.46M	0.5%	127,072 +11,955	+10%	+$138K
46	PHT 46 Pioneer High Income Fund PHT $234M	$1.38M	0.47%	178,792 -1,190	-0.7%	-$9.21K
47	47 Adams Diversified Equity Fund ADX $2.44B	$1.36M	0.46%	71,378 -11,681	-14%	-$222K
48	PCK 48 Pimco California Municipal Income Fund II PCK $171M	$1.26M	0.43%	223,924 +93,031	+71%	+$525K
49	PDO 49 PIMCO Dynamic Income Opportunities Fund PDO $1.71B	$1.24M	0.42%	89,425	New	+$1.24M
50	CMU 50 MFS High Yield Municipal Trust CMU $84.9M	$1.23M	0.42%	353,305 +68,945	+24%	+$241K