Business Description
High Income Securities Fund is a US-based closed-end fund managed by Putnam Investment Management LLC, focused on generating income through fixed income investments. The fund builds its portfolio around convertible bonds and convertible preferred stocks across a range of industries. Its performance is measured against a blended benchmark that combines the JPMorgan Developed High Yield Index and the BofA Merrill Lynch All Convertibles Speculative Quality Index in equal parts. Originally called Putnam High Income Securities Fund, it has been operating since July 1987.
