SWZ director buys 3,000 Total Return Securities shares

Total Return Securities Fund (SWZ) director Moritz A. Sell reported purchasing 3,000 shares of common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction.

Rhea-AI Filing Summary

Total Return Securities Fund (SWZ) director Moritz A. Sell reported purchasing 3,000 shares of common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction. Following this transaction, directly held shares increased to 28,246, including shares acquired through the fund's dividend reinvestment plan.

Insider Trade Summary

Net Buyer: 3,000 shares

Net Buy 1 txn

Insider SELL MORITZ A

Role Director

Bought 3,000 shs ($18K)

Type	Security	Shares	Price	Value
Purchase	Common Stock F1	3,000	$5.98	$18K

Holdings After Transaction: Common Stock — 28,246 shares (Direct)

Footnotes (1)

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

Key Figures

Shares purchased: 3,000 shares of Common Stock Purchase price per share: $5.98 per share Shares owned after transaction: 28,246 shares

3 metrics

Shares purchased 3,000 shares of Common Stock Purchase on 2026-08-31 reported by director Moritz A. Sell

Purchase price per share $5.98 per share Price for the 3,000-share purchase on 2026-08-31

Shares owned after transaction 28,246 shares Direct holdings following the reported purchase, including dividend reinvestment plan shares

Key Terms

dividend reinvestment plan, Common Stock, Rule 10b5-1

3 terms

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 in the reported transaction."

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.

Rule 10b5-1 regulatory

"aff_10b5_one field indicates the Rule 10b5-1 trading plan status."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider transaction did SWZ report in this Form 4?

Director Moritz A. Sell reported buying 3,000 shares of Total Return Securities Fund common stock on 2026-08-31 at $5.98 per share in an open-market or private transaction.

How many SWZ shares does Moritz A. Sell hold after this transaction?

After the reported purchase, 28,246 shares of Total Return Securities Fund common stock are held directly by Moritz A. Sell, including shares acquired through the fund's dividend reinvestment plan.

Was the SWZ insider trade under a Rule 10b5-1 trading plan?

No. The filing's Rule 10b5-1 checkbox is marked as not applicable, indicating the reported purchase was not made pursuant to a Rule 10b5-1 trading plan.

What was the price paid per SWZ share in the insider purchase?

The reported purchase price was $5.98 per share for the 3,000 shares of Total Return Securities Fund common stock acquired on 2026-08-31.

Does the SWZ filing mention a dividend reinvestment plan?

Yes. A footnote states that the reported 28,246 shares include shares acquired through Total Return Securities Fund's dividend reinvestment plan.

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

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Available on EDGAR 09/01/2026 - 04:17 PM EDT Accepted by SEC EDGAR 09/01/2026 - 04:16 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)
08/31/2026

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	08/31/2026		P		3,000	A	$5.98	28,246(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	09/01/2026
	** 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)