NPORT-P false 0000810943 XXXXXXXX High Income Securities Fund 811-05133 0000810943 25RM533JWPQG19PQ1G87 615 East Michigan Street Milwaukee 53202 4147654255 High Income Securities Fund 25RM533JWPQG19PQ1G87 2020-08-31 2020-05-31 N 46030603.860000000000 603037.980000000000 45427565.880000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 466052.080000000000 N Apex Technology Acquisition Co N/A 03768F201 50000.000000000000 NS USD 504000.000000000000 1.1094585198 Long EC CORP US N 2 N N N B RILEY FINANCIAL INC N/A 05580M868 12000.000000000000 NS USD 246720.000000000000 0.5431063611 Long EP CORP US N 1 N N N B. Riley Principal Merger Corp N/A 05600U205 50000.000000000000 NS USD 499505.000000000000 1.0995636467 Long EC CORP US N 1 N N N Barings BDC Inc 549300GSF4KFZP6ONG49 06759L103 251803.000000000000 NS USD 1953991.280000000000 4.3013338755 Long EC CORP US N 1 N N N BrandywineGLOBAL Global Income 549300P4CDQCJBGI0833 10537L104 376470.000000000000 NS USD 4457404.800000000000 9.8121145469 Long EC RF US N 1 N N N CAPITAL SOUTHWEST CORP 54930023YZ4YEJEDBO56 140501206 11289.000000000000 NS USD 269694.210000000000 0.5936796409 Long EP CORP US N 1 N N N CHURCHILL CAPITAL CORP II-A N/A 17143G114 29553.970446000000 NS USD 53788.230000000000 0.1184043850 N/A DE CORP US N 1 New York N/A Call Purchased Churchill Capital Corp II Churchill Capital Corp II 1.000000000000 11.500000000000 USD 2024-07-24 XXXX 16177.530000000000 N N N Crescent Capital BDC Inc 549300VPIZMU6OEE0V68 225655109 126552.000000000000 NS USD 1552793.040000000000 3.4181735471 Long EC CORP US N 1 N N N DFP Healthcare Acquisitions Co N/A 23343Q209 42000.000000000000 NS USD 421260.000000000000 0.9273224128 Long EC CORP US N 1 N N N DiamondPeak Holdings Corp N/A 25280H100 50000.000000000000 NS USD 496500.000000000000 1.0929487204 Long EC CORP US N 1 N N N DIAMONDPEAK HOLDINGS CORP-A N/A 25280H118 7000.000000000000 NS USD 5249.300000000000 0.0115553187 N/A DE CORP US N 1 NASDAQ CM N/A Call Purchased DiamondPeak Holdings Corp DiamondPeak Holdings Corp 1.000000000000 11.500000000000 USD 2024-04-12 XXXX -924.700000000000 N N N Eaton Vance Senior Income Trus F34RFVU0FGX8OM0KE928 27826S103 165329.000000000000 NS USD 867977.250000000000 1.9106840377 Long EC RF US N 1 N N N Eaton Vance Floating-Rate Inco 549300FS3DS8EW3OQA12 278284104 215470.000000000000 NS USD 2958403.100000000000 6.5123522308 Long EC RF US N 1 N N N FS KKR Capital Corp 549300TYRSI1T21B1360 302635107 397039.000000000000 NS USD 1473014.690000000000 3.2425569397 Long EC CORP US N 1 N N N Fidelity Government Portfolio N/A 316175108 1207586.250000000000 NS USD 1207586.250000000000 2.6582675664 Long STIV RF US N 1 N N N FinServ Acquisition Corp N/A 318085206 31330.000000000000 NS USD 309227.100000000000 0.6807036521 Long EC CORP US N 2 N N N First Trust Senior Floating Ra 549300188EQ1UO018C30 33733U108 65574.000000000000 NS USD 729182.880000000000 1.6051550768 Long EC RF US N 1 N N N First Trust High Income Long/S JUEVI6DHENZLPUBV7E49 33738E109 34571.000000000000 NS USD 479154.060000000000 1.0547649884 Long EC RF US N 1 N N N Fortress Value Acquisition Cor N/A 34962V205 50000.000000000000 NS USD 500500.000000000000 1.1017539468 Long EC CORP US N 1 N N N Forum Merger II Corp N/A 34986F103 59587.000000000000 NS USD 769268.170000000000 1.6933950897 Long EC CORP US N 1 N N N Franklin Universal Trust 5493009UE75VG0DU8V76 355145103 208903.000000000000 NS USD 1428896.520000000000 3.1454393215 Long EC RF US N 1 N N N Garrison Capital Inc N/A 366554103 314872.000000000000 NS USD 1057969.920000000000 2.3289161537 Long EC CORP US N 1 N N N GIGCAPITAL2 INC 549300OSKGXG2OH2XE50 375036118 102250.000000000000 NS USD 30623.880000000000 0.0674125488 N/A DE CORP US N 1 New York N/A Call Purchased GigCapital2 Inc GigCapital2 Inc 1.000000000000 11.500000000000 USD 2024-07-01 XXXX 10535.470000000000 N N N GigCapital2 Inc 549300OSKGXG2OH2XE50 375036126 102250.000000000000 NS USD 32720.000000000000 0.0720267515 Long EC CORP US N 1 N N N GigCapital3 Inc N/A 37519D206 56550.000000000000 NS USD 562107.000000000000 1.2373698417 Long EC CORP US N 1 N N N Haymaker Acquisition Corp II N/A 42087L101 40341.000000000000 NS USD 401796.360000000000 0.8844769739 Long EC CORP US N 1 N N N HAYMAKER ACQ CORP II - CL A N/A 42087L119 13446.999999000000 NS USD 12102.300000000000 0.0266408727 N/A DE CORP US N 1 NASDAQ CM N/A Call Purchased Haymaker Acquisition Corp II Haymaker Acquisition Corp II 1.000000000000 11.500000000000 USD 2026-10-31 XXXX -4890.210000000000 N N N Haymaker Acquisition Corp II N/A 42087L200 1.000000000000 NS USD 10.000000000000 0.0000220131 Long EC CORP US N 2 N N N Invesco High Income Trust II NWTWTK5C3HWITJJQZG91 46131F101 1240.000000000000 NS USD 14489.400000000000 0.0318956117 Long EC RF US N 1 N N N Juniper Industrial Holdings In N/A 48205G205 47346.000000000000 NS USD 473933.460000000000 1.0432728473 Long EC CORP US N 2 N N N Landcadia Holdings II Inc N/A 51476X204 69000.000000000000 NS USD 690690.000000000000 1.5204204465 Long EC CORP US N 2 N N N New America High Income Fund I V5LSTDFQKWGSW30MQ381 641876800 31246.000000000000 NS USD 246218.480000000000 0.5420023618 Long EC RF US N 1 N N N Nuveen High Income 2020 Target 549300DVKX82067OZJ29 67075L102 27241.000000000000 NS USD 254430.940000000000 0.5600805041 Long EC RF US N 1 N N N PGIM Global High Yield Fund In F0ATD1Y4J8CHDKHSLD09 69346J106 107409.000000000000 NS USD 1364094.300000000000 3.0027897678 Long EC RF US N 1 N N N Pioneer Diversified High Incom F6XC8RH66QIXRMU75G31 723653101 159523.000000000000 NS USD 1871204.790000000000 4.1190954297 Long EC RF US N 1 N N N Pioneer Floating Rate Trust 14KCTV0UEB8JC8MU2I61 72369J102 243088.000000000000 NS USD 2180499.360000000000 4.7999476040 Long EC RF US N 1 N N N Pivotal Investment Corp II 549300W71XJ8DIF9RQ35 72582K100 15000.000000000000 NS USD 149025.000000000000 0.3280497141 Long EC CORP US N 1 N N N PIVOTAL INVESTMENT CORP II-A 549300W71XJ8DIF9RQ35 72582K118 5000.000000000000 NS USD 2550.000000000000 0.0056133318 N/A DE CORP US N 1 New York N/A Call Purchased Pivotal Investment Corp II Pivotal Investment Corp II 1.000000000000 11.500000000000 USD 2025-06-01 XXXX 320.070000000000 N N N POWERWAVE TECHNOLOGIES I N/A 739363AF6 1160000.000000000000 PA USD 116.000000000000 0.0002553516 Long DBT CORP US N 3 2027-10-01 None 3.875000000000 N Y N N N N PropTech Acquisition Corp N/A 74349F200 20500.000000000000 NS USD 205000.000000000000 0.4512678503 Long EC CORP US N 2 N N N RiverNorth Specialty Finance C 54930061II7PXY87SC72 76882B108 143147.000000000000 NS USD 2164382.640000000000 4.7644697621 Long EC RF US N 1 N N N SARATOGA INVESTMENT CORP 54930023WJCWPAGSWE41 80349A505 6493.000000000000 NS USD 152745.880000000000 0.3362405118 Long EP CORP US N 1 N N N STIT - Treasury Portfolio 5493004B3TM8ZIDDDC39 825252406 1207586.250000000000 NS USD 1207586.250000000000 2.6582675664 Long STIV RF US N 1 N N N SMURFIT STONE CONTAINTER CONV PFD N/A N/A 65720.000000000000 NS USD 657.200000000000 0.0014466987 Long EP CORP US N 3 N N N Software Acquisition Group Inc 549300MSP5P41EYSIZ09 83406B101 28476.000000000000 NS USD 278495.280000000000 0.6130534943 Long EC CORP US N 1 N N N SOFTWARE ACQUISITION GROUP-A 549300MSP5P41EYSIZ09 83406B119 14238.000000000000 NS USD 7119.000000000000 0.0156711016 N/A DE CORP US N 1 NASDAQ CM N/A Call Purchased Software Acquisition Group Inc Software Acquisition Group Inc 1.000000000000 11.500000000000 USD 2026-10-01 XXXX -6571.380000000000 N N N THL Credit Inc ZPFGW6VV73M9CW4FN909 872438106 22223.000000000000 NS USD 67780.150000000000 0.1492048907 Long EC CORP US N 1 N N N TUSCAN HOLDINGS CORP II 549300PT0K8ZAABWJU18 90070A111 91983.000000000000 NS USD 13797.450000000000 0.0303724176 N/A DE CORP US N 2 NASDAQ CM N/A Call Purchased Tuscan Holdings Corp II Tuscan Holdings Corp II 1.000000000000 11.500000000000 USD 2025-07-16 XXXX -32246.740000000000 N N N Tuscan Holdings Corp II 549300PT0K8ZAABWJU18 90070A202 1.000000000000 NS USD 10.000000000000 0.0000220131 Long EC CORP US N 1 N N N Vertical Capital Income Fund 549300LVMWHJGZNVXZ22 92535C104 310942.000000000000 NS USD 3013027.980000000000 6.6325983390 Long EC RF US N 1 N N N Voya Prime Rate Trust 549300MGSUUJ7E55N746 92913A100 288940.000000000000 NS USD 1155760.000000000000 2.5441821009 Long EC RF US N 1 N N N MILAGRO OIL GAS INC N/A N/A 39.000000000000 NS USD 3230.760000000000 0.0071118933 Long EC CORP US N 3 N N N NINE POINT ENERGY N/A N/A 1190.000000000000 NS USD 8591.800000000000 0.0189131859 Long EC CORP US N 3 N N N NINE POINT ENERGY CONVERTIBLE N/A N/A 24.000000000000 NS USD 14116.560000000000 0.0310748765 Long EC CORP US N 3 N N N Western Asset Variable Rate St 549300X81BNRSZYKAG98 957667108 101701.000000000000 NS USD 1531617.060000000000 3.3715587228 Long EC RF US N 1 N N N Western Asset Global High Inco 549300JWVV1XIQ66WD13 95766B109 1200.000000000000 NS USD 10884.000000000000 0.0239590209 Long EC RF US N 1 N N N Western Asset High Income Oppo 549300S7N70O2ERKYG47 95766K109 422826.000000000000 NS USD 1983053.940000000000 4.3653097004 Long EC RF US N 1 N N N Western Asset Corporate Loan F 549300M7IY2PB1ZQW476 95790J102 296865.000000000000 NS USD 2529289.800000000000 5.5677422970 Long EC RF US N 1 N N N AGBA ACQUISITION LTD 5493006NA1XBERP7JE98 G0120M117 36750.000000000000 NS USD 2205.000000000000 0.0048538810 N/A DE CORP US N 2 NASDAQ CM N/A Call Purchased Agba Acquisition Ltd Agba Acquisition Ltd 1.000000000000 11.500000000000 USD 2024-05-10 XXXX -1429.020000000000 N N N Agba Acquisition Ltd 5493006NA1XBERP7JE98 G0120M125 36750.000000000000 NS USD 3675.000000000000 0.0080898017 Long EC CORP HK N 2 N N N SC Health Corp N/A G78516302 45515.000000000000 NS USD 468804.500000000000 1.0319824338 Long EC CORP SG N 2 N N N 2020-07-28 High Income Securities Fund Andrew Dakos /s/ Andrew Dakos President XXXX