PCF News and Press, High Income Securities Fund From 11/05/19

An interesting dynamic has emerged in high yield ((HY)) markets following the overall rally in bond yields year to date. On the one hand, the presumed "margin of safety" that yield provides against future defaults has declined, thereby shifting the potential distribution of future returns more...

By Gershon Distenfeld, Noelle Chiang It's easy to get spooked in late-cycle markets. But we think there's a way to de-risk your portfolio and still generate a decent level of income - no magic spells necessary. Investors often do one of the following things when markets are in the later ...

The Swiss Helvetia Fund (SWZ) has experienced some big changes over the last few years: - In 2017, Bulldog Investors elected two directors to the Fund Board. Shareholders then approved a proposal for a large self-tender offer and elected two more Bulldog-associated directors. - In 2018, SW...

(This report and all data within was issued to members of Yield Hunting on September 23rd.) High Income Securities ( PCF ) This fund has a long and interesting history. It was left for dead after a long proxy battle with activists. Formerly named the Putnam High Income Securities Fund, i...

It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair. We ha...

Investors love anything claiming to be high yield . For taxable investors, headline yields are an illusion and this post shows after-tax returns for popular high yield ETFs. High Yield Bonds Let’s start with the poster child for high yield ETF investing: iShares iBoxx $ High Yiel...

By Matthew Sheridan As economic cycles enter their later stages, investors sometimes find that they're taking too much risk to generate income. There's a strategy that can help - and we think now is the time to use it. Pairing high-yield corporate bonds and other credit assets with high-...

Based on the original article, which can be found here . There is a potentially big opportunity for the insurance-linked securities (ILS) markets to develop parametric cat bonds that could cover some of the growing risks in Eastern Europe and Western areas of Asia. For a wide range ...

Note: This report was released to members one month ago. Chemist's Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds (CEFs) for further due diligence and investigation. Previous editions of the Rep...

Introduction The closed-end funds from the high-yield sector significantly increased their prices over the past months. Currently, most of them are traded at positive Z-scores, which is an indication that they have lost most of their statistical edge. Still, they are traded at high discoun...