High Income Securities Fund (PCF)

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High Income Securities Fund (PCF) is down 5.9% since the beginning of the year. PCF is currently trading at $5 per share. Investors who bought $1,000 worth of PCF shares 5 years ago would now be looking at an investment worth $1,016.

High Income Securities Fund (PCF) has returned -5.86% so far this year and -3.67% over the past 12 months. Over the last ten years, PCF has returned 6.14% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Jul 9, 1987, PCF's average daily return is +0.03%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.

Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +16.0%, while the worst month was Mar 2020 at -24.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 7 months.

On a daily basis, PCF closed higher 43% of trading days. The best single day was Oct 13, 2008 with a return of +29.0%, while the worst single day was Oct 19, 1987 at -19.0%.

High Income Securities Fund has an annualized alpha of 3.53%, beta of 0.40, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since July 09, 1987.

• This fund participated in 63.15% of S&P 500 Index downside but only 54.07% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.40 may look defensive, but with R2 of 0.11 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.11 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PCF ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

High Income Securities Fund provided a 12.91% dividend yield over the last twelve months, with an annual payout of $0.70 per share.

The table displays the monthly dividend distributions for High Income Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the High Income Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the High Income Securities Fund was 53.82%, occurring on Oct 10, 2008. Recovery took 302 trading sessions.

The current High Income Securities Fund drawdown is 7.76%.

The chart below shows the rolling one-month volatility.