I shall be adding this security to the portfolio on Monday.
BUSINESS SUMMARY
Putnam High Income Securities Fund is a closed-ended balanced mutual fund launched and managed by Putnam Investment Management, LLC. The fund invests in the public equity and fixed income markets of the United States. It makes its investments in stocks of companies operating across diversified sectors. The fund seeks to invest in high yield convertible securities. For its fixed income portfolio, it looks for convertible, high yield, lower rated securities to make its investments. The fund benchmarks the performance of its portfolio against the Merrill Lynch All-Convert. Speculative Index and JP Morgan Dev. High yield Index. It was formerly known as Putnam High Income Bond Fund. Putnam High Income Securities Fund was formed on July 9, 1987 and is domiciled in the United States.
April 21, 2008 at 2:43 pm
Duc, is this a leveraged play for you?
April 21, 2008 at 2:53 pm
Wood,
Well, possibly.
This is simply an unleveraged play on total returns [dividends +/- capital growth] from the point-of-view in position sizing across the entire portfolio.
If you meant that this particular security, through its capital structure however is leveraged, congratulations, very perceptive, then yes, you are correct.
jog
April 21, 2008 at 3:06 pm
Nah, I meant, are you levering up on it since it seems to not move very much.
Although that run from 4-8 was certainly a nice move.
April 21, 2008 at 3:27 pm
Wood,
No, simply looking at total returns.
It Yields 6%+
jog
April 21, 2008 at 4:22 pm
Understand…
Can you do a post where you show your total current portfolio?
April 21, 2008 at 4:34 pm
Wood,
Just click “Portfolio Balances”
That’s where all updates etc will be recorded on an ongoing basis.
I’ll rebalance every 6mths [2quarters]
jog