# High Income Securities Fund (PCF)

> Source: Nexqual · https://nexqual.com/PCF · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, High Income Securities Fund (PCF), nexqual.com/PCF" · informational, not investment advice.

**Price:** USD 4.95 (-0.80% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 4.99 · day 4.92–4.98 · 52w 4.92–6.31 · market cap $92.6M · NYQ

## Key facts
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $170K; 3 by opportunistic insiders, 0 by routine insiders.
- Analysts: None.
- Total return with dividends: 1Y -9.6% vs S&P 500 +13.4%; 5Y +0.6% vs S&P 500 +76.9%.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
3 purchases, $170K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-19…2026-08-20 | Goldstein Phillip | Director | 25,000 | $134K | 5.38 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-08-06 | Goldstein Phillip | Director | 819 | $4K | 5.3 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-04-07…2026-04-08 | Goldstein Phillip | Director | 5,688 | $31K | 5.46 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus None.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -9.6% | +0.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -9.7% | +0.1% |
| Volatility (annualized) | 12.8% | 14.5% |
| Max drawdown | -10.9% (Feb 2026→Oct 2026) | -21.0% (Jan 2022→Oct 2022) |

## Peers (Asset Management)
BXSL (Blackstone Secured Lending Fund) USD 23.33 -2.43% · VCTR (Victory Capital Holdings, Inc. ) USD 107.6 +0.20% · PDI (PIMCO Dynamic Income Fund) USD 14.31 +0.07% · AMG (Affiliated Managers Group, Inc.) USD 383.42 -3.06% · SEIC (SEI Investments Company) USD 102.3 -2.11% · IVZ (Invesco Ltd) USD 28.06 -2.54%

## More
Full page: https://nexqual.com/PCF · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year | — | — | — | $0 | — |
| Next fiscal year | — | — | — | $0 | — |