Company: SWZ
Filing Date: 2025-11-14
Form Type: 424B2
Source: 0001999371-25-017927
Chunk: 77

Company: Total Return Securities Fund
Filing Date: 2025-11-14
Form: 424B2
Chunk 77
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 that could interfere with the ability to act objectively and effectively in the best interests of the Investment Adviser
and its clients, and restricts their ability to engage in certain outside business activities. Portfolio managers with a personal conflict
of interest regarding a particular proxy vote must recuse themselves and not participate in the voting decisions with respect to that
proxy.

Form N-PX/Annual Report of Proxy Voting Record

Policy: Form N-PX is used by funds to file reports with the SEC containing the Fund’s proxy voting record for the most recent 12-month period ended June 30. The Form must be filed no later than August 31 of each year. The following information must be collected for the Fund in order to complete and file Form N-PX:

| 1. | The                                           
 name of the issuer of the portfolio security; |

| 2. | The                                               
 exchange ticker symbol of the portfolio security; |

| 3. | The                                                                                        
 CUSIP number (may be omitted if it is not available through reasonably practicable means); |

| 4. | The                       
 shareholder meeting date; |

| 5. | A                                         
 brief description of the matter voted on; |

| 6. | Whether                                                       
 the matter was proposed by the issuer or the security holder; |

| 7. | Whether                               
 the Fund cast its vote on the matter; |

| 8. | How                                                                       
 the Fund cast its vote (e.g., for or against proposal, or abstain; for or 
 withhold regarding election of directors) and                             |

| 9. | Whether                                           
 the Fund cast its vote for or against management. |

More Information

Information regarding how the Fund voted any proxies related to portfolio securities during the most recent 12-month period ended June 30 is available (1) without charge, upon request by contacting the Fund’s Shareholder Services at 1-800-937-5449 or (2) on the EDGAR Database on the SEC’s website (www.sec.gov).

<div align='center'>ADMINISTRATIVE SERVICES, CUSTODIAN, TRANSFER AGENT</div>

U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (“Fund Services”), an indirect wholly owned subsidiary of U.S. Bancorp, acts as the Fund’s Administrator under an Administration Agreement. Fund Services prepares various federal and state regulatory filings, reports and returns for the Fund; prepares reports