Trend Table for PCF - Putnam High Income Securities Fund

Current Trend Strength: Weak or Absent

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
Dec 20	C	Strong	Up	Up	Flat	14.08%
Dec 19	B	Strong	Up	Up	Flat	13.21%
Dec 18	A	Strong	Up	Up	Up	12.17%
Dec 15	A	Strong	Up	Up	Up	12.35%
Dec 14	B	Strong	Up	Up	Up	12.35%
Dec 13	A	Strong	Up	Up	Up	13.03%
Dec 12	C	Strong	Up	Up	Down	16.57%
Dec 11	C	Strong	Up	Up	Flat	16.21%
Dec 8	A	Strong	Up	Up	Up	13.72%
Dec 7	A	Strong	Up	Up	Up	13.38%