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High Income Securities Fund (PCF)

Taxable Bond Funds - High Yield Bond Funds

Data as of June 2, 2023
Market Price $6.25 (+ $0.07)
NAV (June 2, 2023) $7.35 (+ $0.08)
Fund Listed NYSE
Premium / Discount -14.97% (+0.03%)
Fund Info
Inception July 9, 1987
Sponsor High Income Securities Fund
Website https://highincomesecu...
Phone 1-888-898-4107
Location Massachusetts
Incorporated Massachusetts
Staggered Board No
Objective: High current income and capital appreciation by investing primarily in corporate and convertible bonds and preferred stock.
Capital & Leverage
Outstanding Shares 17,530,463
Total Assets (Reported: Feb. 28, 2023) $132M
Estimated Total Assets $129M
Net Assets $129M
Market Cap $110M
Portfolio Turnover 74.00%
Total Leverage 0.00%
Structural Leverage (out of total) 0.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 0.96%
Non Lev Exp Ratio 0.96%
Rel Lev Cost %
Discount Data
Average Discount (3 Yr) -5.20%
Discount Low(3 Yr) -16.69%
Discount High(3 Yr) 7.49%
Discount Rel Range (3 Yr) 7.13%
Comp Discount -5.34
Discount St Dev (1Yr) 3.95
Z-Stat (6mo) -1.30
Z-Stat (1Yr) -1.55
Z-Stat (3Yr) -1.81
Comp Z-Stat (6mo) -1.01
Comp Z-Stat (3Yr) -1.13
Distribution Data
Market Yield 11.60%
Income Yield 5.18%
Lev Adj NAV Yield 9.86%
Distribution Frequency M
Current Distribution $0.060
Current Income $0.027
Ex-Date 6/20/23
Payable Date 6/30/23
Div Growth (3yr) -26.34%
Dividend Change -17.3% on 1/4/23
Expected Div 7/27/23
RoC (1yr) 35.56%
RoC (3yr) 30.05%
Tax Dividend Data 2021 2019 - 2021
Income 34.7% 27.8%
ST Gains 0% 0%
QDI 8.2% 3.3%
LT Gains 45.3% 46.7%
RoC 20% 25.6%
Volume & Liquidity
Average Daily $ (K) $408
Avg Volume 30 day 57,920
Avg Volume 90 day 65,221
Volume Trend -11.19%
Comp Volume Trend -3.08%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's High Yield Bond Index
Most Correlated Peer (Mk Pr): FSD 66.0%
NAV - Price Correlation (30 d) -23.5%
NAV - Price Correlation (90 d) 79.6%
NAV - Price Correlation (1 Yr) 87.4%
Price St Dev (1Yr) 20.7%
NAV St Dev (1Yr) 11.8%
Earnings / Share (2/28/23) $0.040
Earn Coverage 65.89%
Earnings Trend Up
UNII / Share (2/28/23) $-0.112
Rel UNII -34.60
UNII Trend Down
Bond Specific Data
Maturity 5.10
Duration 4.18
Credit Rating (rbo) None
Investment Grade None%
Non Investment Grade None%
Unrated Bonds None%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's High Yield Bond Index


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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

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