# EDGAR Filing Document

**Accession Number:** 0000813623
**File Stem:** 0000894189-26-003405
**Filing Date:** 2026-2
**Character Count:** 12988
**Document Hash:** b9941625f3faa919dd3e5581fbfb1e64
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-003405.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0000894189-26-003405

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**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:** 26606941

**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:** 2025-12-31

**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:** $117898935.06

**Total Liabilities:** $368747.42

**Net Assets:** $117530187.64

**Cash Not Reported:** $67207.99

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -2.63%               | 1.86%                | 3.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1106126.31              | $-2330095.00                               |
| Month 2  | $-2018.91                | $1433229.03                                |
| Month 3  | $-6969.42                | $786905.65                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Associated Capital Group Inc           | Associated Capital Group Inc                      | CUSIP: 045528106<br>LEI: 549300FBGXGSSUE01W24 | Long             | EC               | CORP              | US        |      1365 | NS      | $51597.00     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| BNY Mellon Municipal Bond Infr         | BNY Mellon Municipal Bond Infrastructure Fund Inc | CUSIP: 09662W109<br>LEI: 5493003OUY2BKGFZ2414 | Long             | EC               | RF                | US        |    194445 | NS      | $2136950.55   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                        | Alexander's Inc                                   | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |     28000 | NS      | $6102320.00   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BNY Mellon Strategic Municipal         | BNY Mellon Strategic Municipal Bond Fund Inc      | CUSIP: 09662E109<br>LEI: 54930044KK4C1VDJ7M52 | Long             | EC               | RF                | US        |    156225 | NS      | $963908.25    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Bankshares Inc                      | PB Bankshares Inc                                 | CUSIP: 69318V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $2326500.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                   | Progressive Corp/The                              | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      8000 | NS      | $1821760.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Spineart SA                            | Spineart SA                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |    221085 | NS      | $66341.60     | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| SRH Total Return Fund Inc              | SRH Total Return Fund Inc                         | CUSIP: 101507101<br>LEI: 5493000XG0EMNJQ1SM17 | Long             | EC               | RF                | US        |    126241 | NS      | $2340508.14   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cannae Holdings Inc                    | Cannae Holdings Inc                               | CUSIP: 13765N107<br>LEI: 549300OGRF1ICI7D2V77 | Long             | EC               | CORP              | US        |     83834 | NS      | $1318708.82   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS High Yield Municipal Trust         | MFS High Yield Municipal Trust                    | CUSIP: 59318E102<br>LEI: A8WLLLHJKX1MW5QPZU93 | Long             | EC               | RF                | US        |    760000 | NS      | $2667600.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc               | Village Super Market Inc                          | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |    170000 | NS      | $6017150.00   | 5.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwood Financial Corp                 | Norwood Financial Corp                            | CUSIP: 669549107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64145 | NS      | $1799267.25   | 1.53%             |  |  |  | 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      | $447930.18    | 0.38%             |  |  |  | No            |                  3 | On Loan: No      |
| Aryzta AG                              | Aryzta AG                                         | CUSIP: N/A<br>LEI: 549300W2PUDQQVRD8W85       | Long             | EC               | CORP              | CH        |     18000 | NS      | $1171221.21   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                 | Berkshire Hathaway Inc                            | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         3 | NS      | $2264400.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Securities Corp                | Central Securities Corp                           | CUSIP: 155123102<br>LEI: 549300D87MQ4TEVRK235 | Long             | EC               | RF                | US        |    128355 | NS      | $6508882.05   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio          | Fidelity Government Portfolio                     | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |  23680531 | NS      | $23680531.22  | 20.15%            |  |  |  | No            |                  1 | On Loan: No      |
| MFS Investment Grade Municipal         | MFS Investment Grade Municipal Trust              | CUSIP: 59318B108<br>LEI: TQV30XJRB3S7V50XRW52 | Long             | EC               | RF                | US        |    240000 | NS      | $1908000.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Monroe Capital Corp                    | Monroe Capital Corp                               | CUSIP: 610335101<br>LEI: 549300RZ898DGFGWKV04 | Long             | EC               | CORP              | US        |    294256 | NS      | $1874410.72   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Artience Co Ltd                        | Artience Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    156700 | NS      | $3439012.41   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                              | Nestle SA                                         | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |     64000 | NS      | $6360820.45   | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio             | Invesco Treasury Portfolio                        | CUSIP: 825252406<br>LEI: 5493004B3TM8ZIDDDC39 | Long             | STIV             | RF                | US        |  23669373 | NS      | $23669373.47  | 20.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                         | Tejon Ranch Co                                    | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    260000 | NS      | $4100200.00   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                | Texas Pacific Land Corp                           | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7700 | NS      | $2211594.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account            | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    291155 | NS      | $291154.82    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie Financiere Richemont SA            | Cie Financiere Richemont SA                       | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |     30000 | NS      | $6514988.96   | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                              | Chubb Ltd                                         | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     14000 | NS      | $4369680.00   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-06

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

**Signature:** /s/ Andrew Dakos

**Name of Signer:** Andrew Dakos

**Title:** President & CEO