Company: SWZ
Filing Date: 2025-03-11
Form Type: N-CSR
Source: 0001839882-25-014961
Chunk: 15

Company: Total Return Securities Fund
Filing Date: 2025-03-11
Form: N-CSR
Chunk 15
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 Committee will be paid a fee of $750 for each Committee meeting attended, whether in person or by telephone. The Board or a Committee may establish ad hoc committees or subcommittees. Any Committee or sub-committee member may be compensated by the Fund for incremental work outside of the regular meeting process based on the value determined to be added to the Fund. In July 2018, the Board approved a change to its By-Laws and Board committee charters to provide that each Director who is not an “interested person” of Schroders or its affiliates will be entitled to receive the above fees. The Fund pays an annual fee of $25,000 to the President and Chief Executive Officer, $30,000 to the Chief Financial Officer, $25,000 to the Secretary and $54,000 to the Chief Compliance Officer of the Fund. Note 3—Other Service Providers Equiniti Trust Company, LLC is the Fund’s transfer agent. U.S. Bank, N.A. serves as the Fund’s custodian and U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services, provides administration and portfolio accounting services to the Fund. The Fund pays these service providers’ fees, which are accrued daily and paid monthly. In addition to its other service provider fees, the Fund incurs certain professional fees, including fees of its outside legal counsel as well as fees of its independent registered public accounting firm. Those fees vary depending on the nature of the Fund’s activities each year.

**Note 4—Capital Share Transactions**

The Fund is authorized to issue up to 50 million shares of capital stock. Transactions in capital shares were as follows:

|                                                       |     | For the Year Ended 
 December 31, 2024  |   |     |        |   |     | For the Year Ended 
 December 31, 2023  |          |   |     |        |            |   |
|:------------------------------------------------------|:----|:-------------------|:--|:----|:-------|:--|:----|:-------------------|:---------|:--|:----|:-------|:-----------|:--|
|                                                       |     | Shares             |   |     | Amount |   |     | Shares             |          |   |     | Amount |            |   |
| Dividends Reinvested                                  |     |                    | — |     | $      | — |     |                    | —        |   |     | $      |