ISHARES TR

Ticker: LQD CUSIP: 464287242 Class: IBOXX INV CP ETF

Thomas J. Herzfeld Advisors, Inc.'s Holding History (CIK: 0001509510)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014

Shares 20 Value ($000) $2 Avg Close — Range —

Q3 2014

Shares 20 Value ($000) $2 Avg Close — Range —

Q2 2014

Shares 20 Value ($000) $2 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	20	$2	—	—
Q3 2014	20	$2	—	—
Q2 2014	20	$2	—	—