Welcome to our dedicated page for Total Return Securities Fund SEC filings (Ticker: SWZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Total Return Securities Fund (NYSE: SWZ), formerly The Swiss Helvetia Fund, Inc., files regulatory documents with the U.S. Securities and Exchange Commission that describe its activities as a non-diversified, closed-end investment company. These filings include registration statements related to rights offerings, tender offer statements on Schedule TO for self-tender offers, and other materials that set out the terms and conditions of capital actions approved by the Board of Directors.
When the Fund initiates a non-transferable rights offering, it files a registration statement on Form N-2 describing the issuance of rights to existing stockholders, the subscription price expressed as a percentage of net asset value, the record and expiration dates, and the ability of fully subscribing rights holders to request additional shares subject to allotment. Similarly, when the Fund commences a tender offer to repurchase a portion of its outstanding shares at a price based on net asset value, it files a tender offer statement on Schedule TO that includes an offer to purchase, a letter of transmittal, and other related documents.
On Stock Titan’s SEC filings page for SWZ, users can access these types of documents as they are made available through the SEC’s EDGAR system. AI-powered summaries help explain the key points of lengthy filings, such as how a rights offering is structured, what percentage of shares a tender offer targets, and how distributions or special cash payments are described in official materials. Real-time updates ensure that new filings, amendments, and related disclosures appear promptly.
Investors can use this page to review the Fund’s formal communications about changes to its investment objective, name change to Total Return Securities Fund, managed distribution plan details, and capital management actions. AI-generated highlights can make it easier to understand complex legal language, while direct access to original filings allows for deeper review of the Fund’s regulatory history.
Total Return Securities Fund director Phillip Goldstein reported an open-market purchase of 5,000 shares of the fund’s common stock on February 23, 2026 at a price of $6.13 per share. Following this transaction, he directly owns 87,910 shares of the fund.
Total Return Securities Fund reported insider-related purchases of its common stock by a limited partnership associated with President and CEO Andrew Dakos. On February 23–24, the partnership bought a total of 5,674 shares in open-market transactions at prices between $6.13 and $6.17 per share.
These holdings are reported as indirect ownership, and Mr. Dakos disclaims beneficial ownership of the partnership’s shares except to the extent of any pecuniary interest. A separate line shows 39,453 shares held as a directly owned common stock position.
Total Return Securities Fund reported insider activity involving President and CEO Andrew Dakos. A limited partnership in which he has a beneficial interest bought a total of 8,000 shares of common stock in open-market purchases on February 19–20, 2026 at prices around $6.11–$6.16 per share. These holdings are reported as indirect. A separate line shows his direct ownership at 39,453 common shares following the most recent update.
Phillip Goldstein, a director of Total Return Securities Fund, reported buying additional shares of the fund’s common stock. On 02/06/2026, he purchased 10,000 shares at a price of $6.07 per share. Following this transaction, he directly owns 82,910 common shares.
Total Return Securities Fund President and CEO Andrew Dakos, who is also a director of SWZ, reported open-market purchases of a total of 16,000 shares of common stock on February 3–4, 2026, at prices between $5.96 and $6.04 per share.
Following these transactions, Dakos directly owned 39,453 shares of SWZ common stock. An additional 2,003 shares are held by a limited partnership in which he has a beneficial interest, and he disclaims beneficial ownership beyond any pecuniary interest.
Total Return Securities Fund director Moritz A. Sell increased his holdings through two open-market purchases of common stock. On February 2, 2026, he bought 1,120 shares at $5.98 per share. On February 3, 2026, he bought 1,000 shares at $5.96 per share, bringing his directly held position to 9,998 shares. The reported amount includes shares acquired through the fund’s dividend reinvestment plan.
Total Return Securities Fund director Phillip Goldstein reported buying additional shares of the fund’s common stock. On 01/30/2026, he purchased 10,000 shares at a price of $5.92 per share, increasing his directly held position to 72,910 shares after the transaction.
Total Return Securities Fund director Gerald Hellerman reported a sale of common stock in a transaction dated January 23, 2026. He disposed of 1,755 shares of the fund’s common stock at a price of $6.81 per share.
After this sale, Hellerman directly beneficially owned 3,527 common shares. The filing notes that the shares were sold back to the issuer under an issuer tender offer that is exempt under Rule 16b-3, which is a rule governing certain insider transactions.
Total Return Securities Fund director Phillip Goldstein reported a sale of common stock on January 23, 2026. He disposed of 31,314 shares of the fund’s common stock at a price of $6.81 per share, in a transaction coded "D" for a disposition. According to the footnote, the shares were sold back to the issuer in connection with a tender offer that is exempt under Rule 16b-3.
After this transaction and an adjustment, Goldstein beneficially owns 62,910 shares of common stock directly. A second footnote explains that this balance reflects an additional 1,000 shares that were purchased in a rights offering and were inadvertently omitted from his Form 4 filed on December 12, 2025, so this filing also corrects his previously reported holdings.
Total Return Securities Fund president and CEO Andrew Dakos, who is also a director, reported sales of common stock pursuant to a tender offer exempt under Rule 16b-3.
On January 23, 2026, a limited partnership associated with Dakos sold 997 shares of common stock at $6.81 per share, leaving 2,003 shares held indirectly through the partnership. Dakos disclaims beneficial interest in those partnership shares except to the extent of any pecuniary interest.
On the same date, Dakos also sold 11,675 shares of common stock held directly at $6.81 per share, and reported 23,453 shares of common stock owned directly after the transaction.