고소득증권펀드
US ˙ NYSE ˙ US42968F1084

SecurityPCF / High Income Securities Fund
InstitutionMorgan Stanley
Latest Disclosed Ownership640,613 shares
Latest Disclosed Value $ 3,536,191
Morgan Stanley reports 25.42% increase in ownership of PCF / High Income Securities Fund

On May 15, 2026 - Morgan Stanley filed a 13F-HR form disclosing ownership of 640,613 shares of High Income Securities Fund (US:PCF) valued at $3,536,184 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on May 27, 2026 disclosing 510,769 shares of High Income Securities Fund. This represents a change in shares of 25.42% during the quarter. The current value of the position is $3,529,778 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 640,613 129,844 25.42 3,536 12.58 0.0002
2026-05-27 2025-12-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 510,769 -20,035 -3.77 3,141 -6.80 0.0002
2026-02-13 2025-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 510,769 -20,035 3,141 0.0002
2026-05-27 2025-09-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 530,804 21,606 4.24 3,371 4.24 0.0002
2025-11-14 2025-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 530,804 21,606 3,371 0.0002
2025-08-15 2025-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 509,198 9,712 1.94 3,233 -2.65 0.0002
2025-05-15 2025-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 499,486 43,479 9.53 3,322 11.56 0.0002
2025-05-15 2024-12-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 456,007 -308,860 -40.38 2,978 -43.01 0.0002
2025-02-14 2024-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 456,007 -308,860 2,978 0.0002
2025-05-14 2024-09-30 13F/A-2 HIGH INCOME SECS FD SHS BEN INT 42968F108 764,867 441,985 136.89 5,224 131.56 0.0004
2025-02-14 2024-09-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 764,867 441,985 5,224 0.0004
2024-11-14 2024-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 764,867 441,985 5,224 0.0000
2025-05-14 2024-06-30 13F/A-2 HIGH INCOME SECS FD SHS BEN INT 42968F108 322,882 227,026 236.84 2,257 248.15 0.0002
2024-10-17 2024-06-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 322,882 227,026 2,257 0.0002
2024-08-14 2024-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 322,882 227,026 2,257 0.0002
2024-10-17 2024-03-31 13F/A-2 HIGH INCOME SECS FD SHS BEN INT 42968F108 95,856 7,838 8.90 649 14.69 0.0001
2024-08-16 2024-03-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 95,856 7,838 649 0.0000
2024-05-15 2024-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 95,856 7,838 649 0.0001
2024-08-16 2023-12-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 88,018 -8,240 -8.56 565 -5.04 0.0000
2024-02-13 2023-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 88,018 -8,240 565 0.0000
2023-11-15 2023-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 96,258 12,001 14.24 596 9.17 0.0001
2023-08-14 2023-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 84,257 13,660 19.35 546 19.00 0.0001
2023-05-15 2023-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 70,597 -25,826 -26.78 459 -26.84 0.0000
2023-02-14 2022-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 96,423 41,630 75.98 627 65.61 0.0001
2022-11-14 2022-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 54,793 17,954 48.74 378 41.04 0.0001
2022-10-27 2022-06-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 36,839 1,967 5.64 268 -2.90 0.0000
2022-08-15 2022-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 36,839 1,967 268 0.0000
2022-10-27 2022-03-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 34,872 17,092 96.13 276 79.22 0.0000
2022-05-13 2022-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 34,872 17,092 276 0.0000
2022-02-14 2021-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 17,780 1,185 7.14 154 6.21 0.0000
2021-11-15 2021-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 16,595 1,191 7.73 145 -3.33 0.0000
2021-08-23 2021-06-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 15,404 1,701 12.41 150 25.00 0.0000
2021-08-16 2021-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 15,404 1,701 150 0.0000
2021-05-17 2021-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 13,703 1,160 9.25 120 11.11 0.0000
2021-02-16 2020-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 12,543 -1,007 -7.43 108 -4.42 0.0000
2020-11-13 2020-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 13,550 -2,295 -14.48 113 -6.61 0.0000
2020-08-14 2020-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 15,845 -117,367 -88.11 121 -86.09 0.0000
2020-05-26 2020-03-31 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 133,212 49,279 58.71 870 15.69 0.0002
2020-05-15 2020-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 133,212 49,279 870 66.8341
2020-02-14 2019-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 83,933 5,078 6.44 752 12.41 0.0002
2019-11-14 2019-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 78,855 62,745 389.48 669 399.25 0.0002
2019-08-14 2019-06-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 16,110 11,100 221.56 134 197.78 0.0000
2019-05-15 2019-03-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 5,010 -3,525 -41.30 45 -40.79 0.0000
2019-02-14 2018-12-31 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 8,535 -13,972 -62.08 76 -64.32 0.0000
2019-04-23 2018-09-30 13F/A-2 HIGH INCOME SECS FD SHS BEN INT 42968F108 22,507 22,507 213 0.0001
2018-11-20 2018-09-30 13F/A-1 HIGH INCOME SECS FD SHS BEN INT 42968F108 22,507 0 213 0.0001
2018-11-14 2018-09-30 13F HIGH INCOME SECS FD SHS BEN INT 42968F108 22,507 213
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.