Total Return Securities Fund director reports 1,742,506 shares

A reporting person for Total Return Securities Fund discloses beneficial ownership of 1,742,506 shares of the fund’s common stock, held directly, in connection with an event dated 12/12/2025.

Accepted by SEC EDGAR 12/16/2025 - 01:23 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

A reporting person for Total Return Securities Fund discloses beneficial ownership of 1,742,506 shares of the fund’s common stock, held directly, in connection with an event dated 12/12/2025.

The reporting person is identified as a director of the fund, the form is filed by one reporting person, and Table II shows no listed derivative securities such as options or warrants.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider CSS LLC/IL

Role 10% Owner

Type	Security	Shares	Price	Value
Holding	common stock	--	--	--

Holdings: common stock — 1,742,506 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does this ownership report show for Total Return Securities Fund (SWZ)?

It shows that a reporting person who is a director of Total Return Securities Fund has beneficial ownership of its common stock and has filed an individual ownership statement.

How many Total Return Securities Fund (SWZ) common shares are beneficially owned?

The statement reports beneficial ownership of 1,742,506 shares of Total Return Securities Fund common stock, held directly.

What is the reporting person’s relationship to Total Return Securities Fund (SWZ)?

The reporting person is identified as a director of Total Return Securities Fund.

Are any derivative securities reported for SWZ in this ownership statement?

No derivative securities are listed in Table II; only non-derivative common stock holdings are reported.

What is the date of the event requiring this ownership statement for SWZ?

The date of the event requiring the statement is 12/12/2025.

Who signed the ownership form for Total Return Securities Fund (SWZ)?

The form is signed by Mitchell R Bialek, CCO, on behalf of CSS, LLC, dated 12/16/2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

CSS LLC/IL

(Last) (First) (Middle)

1 NORTH WACKER DRIVE

SUITE 3075

(Street)

CHICAGO IL 60606

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/12/2025

3. Issuer Name and Ticker or Trading Symbol
Total Return Securities Fund [ SWZ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
common stock	1,742,506	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Mitchell R Bialek, CCO, on behalf of CSS, LLC	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.