Company: SWZ
Filing Date: 2025-10-03
Form Type: N-2
Source: 0001999371-25-014685
Chunk: 19

Company: Total Return Securities Fund
Filing Date: 2025-10-03
Form: N-2
Chunk 19
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          2.60 | % |     |      |               1.05 | % |     |      |    0.73 | %  |     |      |    0.74 |  % |     |      |    0.48 | % |     |      |    0.48 | % |
| Supplemental Data and Ratios                            |     |             |               |   |     |      |                    |   |     |      |         |    |     |      |         |    |     |      |         |   |     |      |         |   |
| Net assets at end of period/year (000’s)                |     | $           |        92,594 |   |     | $    |            116,169 |   |     | $    | 126,831 |    |     | $    | 116,174 |    |     | $    | 151,912 |   |     | $    | 138,040 |   |
| Average net assets during the year (000’s)              |     | $           |       111,453 |   |     | $    |            125,526 |   |     | $    | 123,139 |    |     | $    | 123,684 |    |     | $    | 144,019 |   |     | $    | 125,666 |   |
| Portfolio turnover rate                                 |     |             |            50 | % |     |      |                  9 | % |     |      |      14 | %  |     |      |      15 |  % |     |      |      11 | % |     |      |      12 | % |

1 Calculated
using the average shares method.

2 Includes
net realized and unrealized currency gains and losses.

3 Total
investment return based on market value differs from total investments return based on net asset value due to changes in the relationship
between the market value of the Fund’s shares and its NAV per share.

4 Less
than 0.5 cents per share.

5 Not
annualized for periods less than one year.

6 Annualized
for periods less than one year.

7 If interest expense and commitment fees had been excluded, the expense ratios would have been lower
by 0.05% for the years ended December 31, 2022 and December 31, 202