High Income Securities Fund (PCF)
High Income Securities Fund operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $5.45, up 0.55% on the session, giving a market capitalisation of $102.0M. On trailing twelve-month figures it carries a trailing P/E of 13.75, a net margin of 43.8%. Its beta of 0.65 implies it has historically moved less than the broad market.
The High Income Securities Fund, a closed-ended mutual fund designed to provide balanced income, was originally established and is currently overseen by Putnam Investment Management, LLC. Putnam Investments Limited also serves as a co-manager for the fund. Its investment strategy concentrates on the fixed income markets within the United States. Additionally, the fund diversifies its portfolio by acquiring equity stakes in businesses operating across numerous industries, with a particular emphasis on both convertible bonds and convertible preferred stocks. To evaluate its performance, the fund utilizes a blended benchmark, consisting of 50% JPMorgan Developed High Yield Index and 50% BofA Merrill Lynch AllConvertibles Speculative Quality Index. This fund, which is domiciled in the United States and commenced operations on July 9, 1987, was previously known as the Putnam High Income Securities Fund.
High Income Securities Fund is most often compared with the following Financial Services names: