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Portfolio (Quarterly) Guide ↗

Thomas J. Herzfeld Advisors, Inc.

· CIK 0001509510
13F Portfolio $294M AUM 115 positions Filed May 12, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 27 New 28 Added 46 Reduced 19 Exited
Page 2 of 3  ·  46 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 CEFS Exchange Listed FDS Tr 64,610.0 $1.5M 0.49% -19K -23.1% $22.55 +11.0%
22 GDV The Gabelli Dividend & Income Trust Financial Services 51,278.0 $1.4M 0.47% -17K -24.7% $26.93 +7.5%
23 JLS Nuveen Mortgage and Income Fund Financial Services 72,639.0 $1.3M 0.45% -8K -10.0% $18.13 +0.2%
24 BGX Blackstone / GSO Long-Short Credit Income Fund Financial Services 117,867.0 $1.3M 0.44% -115K -49.4% $10.90 -0.2%
25 DMO Western Asset Mortgage Opp Fund Inc. Financial Services 114,887.0 $1.2M 0.42% -7K -5.7% $10.75 +3.9%
26 MSD Morgan Stanley Emerging Mkt Debt Fund Inc. Financial Services 172,416.0 $1.2M 0.41% -150K -46.6% $7.02 +4.5%
27 BTT BlackRock Municipal 2030 Target Term Trust Financial Services 49,066.0 $1.1M 0.38% -619.0 -1.2% $22.70 -0.7%
28 DSM BNY Mellon Strategic Mun Bd Financial Services 164,932.0 $991K 0.34% -176K -51.6% $6.01 +0.7%
29 PDO PIMCO Dynamic Income Oprnts Financial Services 66,751.0 $863K 0.29% -279K -80.7% $12.93 -1.5%
30 PCQ PIMCO Calif Mun Income Fund Financial Services 79,226.0 $680K 0.23% -142K -64.2% $8.58 +0.9%
31 MMD NYLI MacKay Defined Term Muni Financial Services 44,396.0 $659K 0.22% -53K -54.3% $14.85 +0.9%
32 CCIF Carlyle Credit Income Fund Financial Services 126,239.0 $405K 0.14% -75K -37.2% $3.21 +4.7%
33 MFM MFS Municipal Income Trust Financial Services 61,837.0 $333K 0.11% -76K -55.0% $5.39 +0.6%
34 CXE MFS High Income Mun Tr Financial Services 88,443.0 $328K 0.11% -78K -46.9% $3.71 -0.3%
35 CXH MFS Investment Grade Municipal Trust Financial Services 23,409.0 $187K 0.06% -219K -90.3% $7.99 -0.5%
36 FPF First Tr Inter Dur Pfd & In Financial Services 1,762.0 $31K 0.01% -30.0 -1.7% $17.63 +2.8%
37 KF The Korea Fund Inc Financial Services 380.0 $17K 0.01% -222.0 -36.9% $44.90 +49.0%
38 JOF Japan Smaller Capitalization Fund Inc Financial Services 1,150.0 $13K 0.00% -701.0 -37.9% $10.90 +7.6%
39 NMAI Nuveen Mutli Asset Income Fund Financial Services 898.0 $11K 0.00% -198.0 -18.1% $12.40 +14.4%
40 PGZ Principal Real Estate Income Fund Financial Services 907.0 $9K 0.00% -85.0 -8.6% $9.61 +0.8%
Page 2 of 3  ·  46 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 99.9%
Communication Services 0.1%
Basic Materials 0.0%