High Income Securities Fund
US ˙ NYSE ˙ US42968F1084

SecurityPCF / High Income Securities Fund
InstitutionAdvisor Group Holdings, Inc.
Latest Disclosed Ownership82,598 shares
Latest Disclosed Value $ 455,951
Advisor Group Holdings, Inc. reports 1.62% decrease in ownership of PCF / High Income Securities Fund

On May 15, 2026 - Advisor Group Holdings, Inc. filed a 13F-HR form disclosing ownership of 82,598 shares of High Income Securities Fund (US:PCF) valued at $455,941 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 83,956 shares of High Income Securities Fund. This represents a change in shares of -1.62% during the quarter. The current value of the position is $455,115 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 82,598 -1,358 -1.62 456 -11.82 0.0004
2026-02-17 2025-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 83,956 19,045 29.34 516 23.74 0.0008
2025-11-14 2025-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 64,911 7,622 13.30 418 14.88 0.0006
2025-09-04 2025-06-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 57,289 19,341 50.97 364 44.05 0.0006
2025-08-13 2025-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 38,443 495 251 0.0003
2025-05-12 2025-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 37,948 -518 -1.35 252 0.40 0.0006
2025-06-06 2024-12-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 38,466 5,005 14.96 251 10.09 0.0006
2025-02-07 2024-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 31,162 -2,299 213 0.0005
2024-11-13 2024-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 33,461 12,081 56.51 229 53.02 0.0005
2024-08-13 2024-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 21,380 -161,485 -88.31 149 -87.95 0.0004
2024-05-10 2024-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 182,865 -1,700 -0.92 1,238 4.48 0.0028
2024-02-12 2023-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 184,565 -4,555 -2.41 1,185 1.20 0.0021
2023-11-13 2023-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 189,120 20,395 12.09 1,171 7.04 0.0017
2023-08-21 2023-06-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 168,725 22,237 15.18 1,093 14.81 0.0020
2023-08-10 2023-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 168,725 22,237 1,093 0.0003
2023-05-12 2023-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 146,488 -731 -0.50 952 -0.52 0.0018
2023-02-10 2022-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 147,219 34,075 30.12 958 22.85 0.0019
2022-11-14 2022-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 113,144 45,087 66.25 779 57.37 0.0018
2022-08-10 2022-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 68,057 16,960 33.19 495 22.22 0.0011
2022-05-04 2022-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 51,097 27,000 112.05 405 93.78 0.0008
2022-02-03 2021-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 24,097 9,197 61.72 209 59.54 0.0004
2021-11-05 2021-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 14,900 5,700 61.96 131 47.19 0.0003
2021-08-02 2021-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 9,200 -34,813 -79.10 89 -76.88 0.0002
2021-05-13 2021-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 44,013 35,644 425.91 385 434.72 0.0009
2021-02-10 2020-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 8,369 1,102 15.16 72 20.00 0.0002
2020-11-12 2020-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 7,267 -5,734 -44.10 60 -39.39 0.0002
2020-08-14 2020-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 13,001 -9,362 -41.86 99 -32.19 0.0003
2020-05-18 2020-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 22,363 22,363 146 0.0006
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.