Director buys 2,000 Total Return Securities shares

Total Return Securities Fund director SELL MORITZ A reported open-market purchases of a total of 2,000 shares of Common Stock of SWZ.

Rhea-AI Filing Summary

Total Return Securities Fund director SELL MORITZ A reported open-market purchases of a total of 2,000 shares of Common Stock of SWZ. The transactions were made in two trades at a price of $5.91 per share, and direct ownership increased to 16,155 shares following these buys. A footnote notes that the reported amount includes shares acquired through the fund’s dividend reinvestment plan.

Insider Trade Summary

Net Buyer: 2,000 shares

Net Buy 2 txns

Insider SELL MORITZ A

Role Director

Bought 2,000 shs ($12K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,853	$5.91	$11K
Purchase	Common Stock	147	$5.91	$868.77

Holdings After Transaction: Common Stock — 16,155 shares (Direct)

Footnotes (1)

1. F1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.

Key Figures

Shares bought June 18, 2026: 1,853 shares Shares bought June 17, 2026: 147 shares Total shares bought: 2,000 shares +2 more

5 metrics

Shares bought June 18, 2026 1,853 shares Open-market purchase of Common Stock at $5.91 per share

Shares bought June 17, 2026 147 shares Open-market purchase of Common Stock at $5.91 per share

Total shares bought 2,000 shares Net buy across two open-market transactions

Purchase price $5.91 per share Price for both June 17 and June 18, 2026 transactions

Shares owned after June 18, 2026 16,155 shares Direct ownership following latest reported transaction

Key Terms

open-market purchase, dividend reinvestment plan, Common Stock

3 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

dividend reinvestment plan financial

"Amount includes shares acquired through the Issuer's dividend reinvestment plan."

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

Common Stock financial

"security_title: "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

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

What did SELL MORITZ A report in this Form 4 for Total Return Securities Fund (SWZ)?

SELL MORITZ A reported buying a total of 2,000 SWZ common shares. The transactions were open-market purchases at $5.91 per share, increasing direct holdings to 16,155 shares after the trades.

How many Total Return Securities Fund (SWZ) shares did the director buy and at what price?

The director bought 2,000 SWZ common shares in total. The filing shows both transactions were executed at a price of $5.91 per share in open-market purchases.

On which dates were the SWZ share purchases by SELL MORITZ A executed?

The Form 4 shows two purchase dates for SWZ common stock. The director bought 147 shares on June 17, 2026, and 1,853 shares on June 18, 2026, both at $5.91 per share.

What is SELL MORITZ A’s total SWZ share ownership after these transactions?

After the reported purchases, SELL MORITZ A directly owns 16,155 SWZ common shares. This figure reflects the holdings immediately following the June 18, 2026 open-market transaction disclosed in the Form 4.

Does the Form 4 mention dividend reinvestment for Total Return Securities Fund (SWZ)?

Yes, a footnote states the reported amount includes shares acquired through the issuer’s dividend reinvestment plan. This means some of the disclosed holdings arose from reinvested dividends rather than separate cash purchases.

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

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Accepted by SEC EDGAR 06/22/2026 - 04:23 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

SELL MORITZ A

(Last) (First) (Middle)

C/O ULTIMUS FUND SOLUTIONS

225 PICTORIA DR., SUITE 450

(Street)

CINCINNATI OHIO 45246

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/17/2026		P		147	A	$5.91	14,302(1)	D
Common Stock	06/18/2026		P		1,853	A	$5.91	16,155(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Amount includes shares acquired through the Issuer's dividend reinvestment plan.

	/s/ Stephanie Darling, as Power of Attorney	06/22/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)