Company: SWZ
Filing Date: 2025-01-22
Form Type: CORRESP
Source: 0000894189-25-000267
Chunk: 4

Company: Total Return Securities Fund
Filing Date: 2025-01-22
Form: CORRESP
Chunk 4
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 determining the Fund’s compliance with its concentration policies.

Fund Response: In response to the Staff’s comment, the Fund will add disclosure under Proposal 3 in its Definitive Proxy Statement to the effect that the Fund will consider the investments of its underlying investment companies when determining the Fund’s compliance with its concentration policies.

| David Orlic | -5- |

* * * * * * If you have any questions, please feel free to contact William Farrar at (212) 558-4940. Very truly yours, /s/ William G. Farrar William G. Farrar cc: Andrew Dakos Thomas Antonucci (The Swiss Helvetia Fund, Inc.)