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Name

As of 05/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

High Income Securities Fund of Benef Interest

XPCFX | Fund

$7.48

$143 M

0.00%

1.57%

Vitals

YTD Return

0.3%

1 yr return

N/A

3 Yr Avg Return

-6.8%

5 Yr Avg Return

-4.6%

Net Assets

$143 M

Holdings in Top 10

34.1%

52 WEEK LOW AND HIGH

$7.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 93.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Closed-end mutual fund

Name

As of 05/03/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

High Income Securities Fund of Benef Interest

XPCFX | Fund

$7.48

$143 M

0.00%

1.57%

XPCFX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return -6.8%
  • 5 Yr Annualized Total Return -4.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.30%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    High Income Securities Fund of Benef Interest
  • Fund Family Name
    Putnam
  • Inception Date
    Sep 26, 2001
  • Shares Outstanding
    17530463
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Eric Harthun

Fund Description

XPCFX - Performance

Return Ranking - Trailing

Period XPCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -2.9% 10.5% 85.68%
1 Yr N/A -2.6% 29.4% 98.36%
3 Yr -6.8%* -16.7% 4.5% 99.76%
5 Yr -4.6%* -4.8% 7.0% 100.00%
10 Yr -0.1%* -0.2% 8.5% 100.00%

* Annualized

Return Ranking - Calendar

Period XPCFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -1.3% 27.4% 91.31%
2022 -17.1% -35.0% -7.4% 59.38%
2021 -6.3% -11.5% 14.6% 99.03%
2020 -4.1% -10.3% 40.7% 95.63%
2019 4.5% -9.5% 22.1% 97.09%

Total Return Ranking - Trailing

Period XPCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -2.9% 10.5% 85.68%
1 Yr N/A -2.6% 29.4% 98.36%
3 Yr -6.8%* -16.7% 4.5% 99.76%
5 Yr -4.6%* -4.8% 7.0% 100.00%
10 Yr -0.1%* -0.2% 8.5% 100.00%

* Annualized

Total Return Ranking - Calendar

Period XPCFX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -1.3% 28.2% 99.30%
2022 -17.1% -35.0% -3.1% 95.72%
2021 -6.3% -11.5% 32.0% 99.51%
2020 -4.1% -5.4% 40.7% 97.94%
2019 4.5% 4.5% 27.7% 100.00%

NAV & Total Return History

XPCFX - Holdings

Concentration Analysis

XPCFX Category Low Category High XPCFX % Rank
Net Assets 143 M 244 K 50.8 B 79.63%
Number of Holdings 171 3 5294 32.39%
Net Assets in Top 10 51.4 M 243 K 10.1 B 82.16%
Weighting of Top 10 34.10% 6.4% 127.7% 75.83%

Top 10 Holdings

  1. BrandywineGLOBAL – Global Inc Opp Fund 9.99%
  2. Barings BDC Inc 5.69%
  3. FS KKR Capital Corp 5.39%
  4. Pioneer Floating Rate Trust 4.91%
  5. Eaton Vance Floating Rate Income Plus 4.90%
  6. Pioneer Diversified High Inc 4.77%
  7. EV Limited Duration Income 4.27%
  8. RiverNorth Marketplace Lending Corp 4.10%
  9. First Trust High Inc Long/Short 4.06%
  10. Steel Partners Holdings LP A series 4.04%

Asset Allocation

Weighting Return Low Return High XPCFX % Rank
Stocks 		45.55% 0.00% 102.36% 67.92%
Preferred Stocks 		21.95% 0.00% 21.95% 0.23%
Bonds 		16.57% 0.00% 80.16% 35.83%
Cash 		11.08% -35.68% 37.58% 4.46%
Other 		4.25% -0.44% 63.55% 8.92%
Convertible Bonds 		0.59% 0.00% 71.77% 75.83%

Stock Sector Breakdown

Weighting Return Low Return High XPCFX % Rank
Financial Services 		83.50% 0.00% 83.50% 0.24%
Energy 		7.64% 0.00% 62.93% 13.60%
Technology 		3.81% 0.22% 27.92% 94.99%
Real Estate 		1.74% 0.00% 43.16% 94.27%
Consumer Defense 		0.75% 0.00% 18.62% 99.28%
Utilities 		0.64% 0.00% 48.33% 95.47%
Healthcare 		0.54% 0.00% 24.25% 97.61%
Consumer Cyclical 		0.44% 0.00% 14.20% 97.61%
Communication Services 		0.42% 0.00% 11.11% 97.61%
Industrials 		0.37% 0.14% 17.90% 98.33%
Basic Materials 		0.14% 0.00% 32.82% 99.28%

Stock Geographic Breakdown

Weighting Return Low Return High XPCFX % Rank
US 		43.66% 0.00% 102.36% 65.26%
Non US 		1.89% 0.00% 23.57% 23.47%

Bond Sector Breakdown

Weighting Return Low Return High XPCFX % Rank
Corporate 		62.88% 0.00% 96.66% 9.24%
Cash & Equivalents 		22.48% 0.00% 36.70% 2.58%
Municipal 		5.09% 0.00% 99.85% 9.48%
Derivative 		4.28% -0.44% 63.54% 1.41%
Government 		4.23% 0.00% 63.33% 90.28%
Securitized 		1.04% 0.00% 52.08% 89.34%

Bond Geographic Breakdown

Weighting Return Low Return High XPCFX % Rank
US 		11.59% 0.00% 80.16% 36.85%
Non US 		4.98% 0.00% 18.69% 5.40%

XPCFX - Expenses

Operational Fees

XPCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.57% 0.06% 7.81% 16.39%
Management Fee N/A 0.00% 1.25% 91.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

XPCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XPCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XPCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 93.00% 2.00% 380.00% 90.56%

XPCFX - Distributions

Dividend Yield Analysis

XPCFX Category Low Category High XPCFX % Rank
Dividend Yield 0.00% 0.00% 8.05% 100.00%

Dividend Distribution Analysis

XPCFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

XPCFX Category Low Category High XPCFX % Rank
Net Income Ratio 2.30% -1.22% 6.83% 28.74%

Capital Gain Distribution Analysis

XPCFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

View More +

XPCFX - Fund Manager Analysis

Managers

Eric Harthun

Start Date

Tenure

Tenure Rank

Nov 18, 2008

13.54

13.5%

Mr. Harthun is a Portfolio Manager of Putnam Convertible Securities Fund and Putnam Small Cap Value Fund. Mr. Harthun joined Putnam in 2000. He is a CFA charterholder and has been in the investment industry since 1994.

Anthony Daigle

Start Date

Tenure

Tenure Rank

Jun 30, 2017

4.92

4.9%

Anthony Daigle is currently a Portfolio Manager in the Putnam Investment Management, LLC. He previously served as an analyst at the firm.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 28.73 6.41 2.41

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