# EDGAR Filing Document

**Accession Number:** 0000813623
**File Stem:** 0001145549-25-050584
**Filing Date:** 2025-8
**Character Count:** 8604
**Document Hash:** 769d1c1dfd688ce0ab62c27061dc78ea
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050584.hdr.sgml**: 20250806

**ACCESSION NUMBER**: 0001145549-25-050584

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250806

**DATE AS OF CHANGE**: 20250806

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Total Return Securities Fund
- **CENTRAL INDEX KEY:** 0000813623

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05128
- **FILM NUMBER:** 251188707

**BUSINESS ADDRESS:**
- **STREET 1:** C/O U.S. BANK GLOBAL FUND SERVICES
- **STREET 2:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 8007302932

**MAIL ADDRESS:**
- **STREET 1:** C/O U.S. BANK GLOBAL FUND SERVICES
- **STREET 2:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SWISS HELVETIA FUND, INC.
- **DATE OF NAME CHANGE:** 20050712

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SWISS HELVETIA FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HELVETIA FUND INC
- **DATE OF NAME CHANGE:** 19900820

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Total Return Securities Fund

- **b. Investment Company Act file number:** 811-05128

- **c. CIK number of Registrant:** 0000813623

- **d. LEI of Registrant:** 549300HQZ0XPGTS5Q724

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 212-641-3800

**Item A.2. Information about the Series.**

- **a. Name of Series:** Total Return Securities Fund

- **c. LEI of Series:** 549300HQZ0XPGTS5Q724

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $92981560.29

**Total Liabilities:** $312164.12

**Net Assets:** $92669396.17

**Cash Not Reported:** $930293.36

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.04%                | 0.64%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5434.58                | $1879301.56                                |
| Month 2  | $3340.25                 | $836745.19                                 |
| Month 3  | $2404934.99              | $-2955642.75                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Central and Eastern Europe Fun | Central and Eastern Europe Fund Inc | CUSIP: 153436100<br>LEI: 549300TSXFIOF89ZI608 | Long             | EC               | RF                | US        |     11474 | NS      | $178076.48    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                      | Nestle SA                           | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     90000 | NS      | $8912939.70   | 9.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio     | Invesco Treasury Portfolio          | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  24116143 | NS      | $24116142.69  | 26.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                 | Tejon Ranch Co                      | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    260000 | NS      | $4409600.00   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc       | Village Super Market Inc            | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |     52742 | NS      | $2030567.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA    | Cie Financiere Richemont SA         | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     40000 | NS      | $7510050.25   | 8.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                | Alexander's Inc                     | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |     19041 | NS      | $4290318.12   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings Inc            | Cannae Holdings Inc                 | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |    160000 | NS      | $3336000.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Securities Corp        | Central Securities Corp             | CUSIP: 155123102<br>LEI: 549300D87MQ4TEVRK235 | Long             | EC               | RF                | US        |    105000 | NS      | $5025300.00   | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio       | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  24119393 | NS      | $24119392.78  | 26.03%            |  |  |  | No            |                  1 | On Loan: No      |
| PB Bankshares Inc              | PB Bankshares Inc                   | CUSIP: 69318V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13863 | NS      | $244959.21    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Aryzta AG                      | Aryzta AG                           | CUSIP: N/A<br>LEI: 549300W2PUDQQVRD8W85       | Long             | EC               | CORP              | CH        |     25000 | NS      | $2539258.79   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SPINEART SA                    | SPINEART SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |    221085 | NS      | $1680357.10   | 1.81%             |  |  |  | No            |                  3 | On Loan: No      |
| Texas Pacific Land Corp        | Texas Pacific Land Corp             | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       900 | NS      | $950751.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARAVIS BIOTECH II LP           | ARAVIS BIOTECH II LP                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |   3294705 | NS      | $459810.03    | 0.50%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** Total Return Securities Fund

**Signature:** /s/ Andrew Dakos

**Name of Signer:** Andrew Dakos

**Title:** President & CEO