High Income Securities Fund
US ˙ NYSE ˙ US42968F1084

SecurityPCF / High Income Securities Fund
InstitutionUBS Group AG
Latest Disclosed Ownership6,914 shares
Latest Disclosed Value $ 38,166
UBS Group AG reports 55.97% increase in ownership of PCF / High Income Securities Fund

On May 5, 2026 - UBS Group AG filed a 13F-HR form disclosing ownership of 6,914 shares of High Income Securities Fund (US:PCF) valued at $38,165 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 4,433 shares of High Income Securities Fund. This represents a change in shares of 55.97% during the quarter. The current value of the position is $38,096 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)
2026-05-05 2026-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 6,914 2,481 55.97 38 40.74 0.0000
2026-01-29 2025-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 4,433 -550 -11.04 27 -12.90 0.0000
2025-11-13 2025-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 4,983 -7,382 -59.70 32 -60.26 0.0000
2025-08-14 2025-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 12,365 -4,509 -26.72 79 -30.36 0.0000
2025-05-13 2025-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 16,874 -9,399 -35.77 112 -34.50 0.0000
2025-02-14 2024-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 26,273 21,558 457.22 172 434.38 0.0000
2024-11-14 2024-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 4,715 -20,869 -81.57 32 -82.02 0.0000
2024-08-14 2024-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 25,584 19,081 293.42 179 304.55 0.0000
2024-05-13 2024-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 6,503 837 14.77 44 22.22 0.0000
2024-02-09 2023-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 5,666 -3,626 -39.02 36 -36.84 0.0000
2023-11-09 2023-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 9,292 4,654 100.34 58 90.00 0.0000
2023-08-11 2023-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 4,638 438 10.43 30 11.11 0.0000
2023-05-12 2023-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 4,200 789 23.13 27 22.73 0.0000
2023-02-08 2022-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 3,411 695 25.59 22 15.79 0.0000
2022-11-10 2022-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 2,716 687 33.86 19 26.67 0.0000
2022-08-10 2022-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 2,029 -1,005 -33.12 15 -37.50 0.0000
2022-05-16 2022-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 3,034 949 45.52 24 33.33 0.0000
2022-02-14 2021-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 2,085 1,675 408.54 18 350.00 0.0000
2021-11-15 2021-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 0 0.00 4 0.00 0.0000
2021-08-13 2021-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 0 0.00 4 0.00 0.0000
2021-05-12 2021-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 -777 -65.46 4 -63.64 0.0000
2021-02-11 2020-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 1,187 203 20.63 11 37.50 0.0000
2020-11-12 2020-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 984 -1,582 -61.65 8 -57.89 0.0000
2020-07-31 2020-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 2,566 2,156 525.85 19 533.33 0.0000
2020-05-01 2020-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 0 0.00 3 -25.00 0.0000
2020-02-14 2019-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 0 0.00 4 33.33 0.0000
2019-11-14 2019-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 410 -1,000 -70.92 3 -75.00 0.0000
2019-08-14 2019-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 1,410 -1,010 -41.74 12 -45.45 0.0000
2019-05-14 2019-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 2,420 -11,392 -82.48 22 -82.11 0.0000
2019-02-14 2018-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 13,812 3,261 30.91 123 23.00 0.0001
2018-11-14 2018-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 10,551 10,551 100 0.0000
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.