Allspring Global Investments Holdings, LLC reports beneficial ownership of 650,702 shares of Total Return Securities Fund, Mutual Fund SH CL B, representing 5.0% of the class. The filer reports 605,795 shares with sole voting power and 650,702 shares with sole dispositive power. The filing is an amendment signed by a Senior Compliance Manager and lists affiliated adviser subsidiaries in Exhibit A.
Positive
None.
Negative
None.
Insights
Large passive stake reported by an investment-adviser holding company.
Allspring Global Investments Holdings, LLC is disclosed as beneficial owner of 650,702 shares, equal to 5.0% of the Mutual Fund SH CL B class. The filing attributes voting and dispositive authority primarily to the parent and identifies advisory subsidiaries in Exhibit A.
The position size meets the SEC threshold that triggers Schedule 13G reporting. Subsequent filings may show changes if clients’ positions move or adviser reclassifies holdings.
Disclosure aligns with fiduciary reporting norms for advisers.
The filing states the securities are held of record by clients of advisers controlled by the reporting entity and clarifies no single client holds >5% separately. Exhibit A lists Allspring Global Investments, LLC and Allspring Funds Management, LLC as relevant advisers.
Vote/control and dispositive counts are provided explicitly, supporting regulatory traceability for shareholder votes and communications.
Key Figures
Beneficial ownership:650,702 sharesPercent of class:5.0%Sole voting power:605,795 shares+2 more
5 metrics
Beneficial ownership650,702 sharesMutual Fund SH CL B
Percent of class5.0%Mutual Fund SH CL B
Sole voting power605,795 sharesreported in Item 4
Sole dispositive power650,702 sharesreported in Item 4
Filing amendment date (signature)04/13/2026signature date by Senior Compliance Manager
"Item 2. | (a) | Name of person filing: Allspring Global Investments Holdings, LLC"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"(iii) Sole power to dispose or to direct the disposition of: 650,702"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
exhibit - advisory subsidiariesother
"Exhibit A Subsidiary Allspring Global Investments, LLC - IA"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Total Return Securities Fund
(Name of Issuer)
Mutual Fund SH CL B
(Title of Class of Securities)
870875101
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
870875101
1
Names of Reporting Persons
Allspring Global Investments Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
605,795.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
650,702.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
650,702.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.0 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Total Return Securities Fund
(b)
Address of issuer's principal executive offices:
615 EAST MICHIGAN STREET, MILWAUKEE, WI, 53202
Item 2.
(a)
Name of person filing:
Allspring Global Investments Holdings, LLC
(b)
Address or principal business office or, if none, residence:
1415 Vantage Park Drive, Charlotte, 28203, North Carolina, United States
(c)
Citizenship:
DELAWARE
(d)
Title of class of securities:
Mutual Fund SH CL B
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
650,702
(b)
Percent of class:
5.0 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
605,795
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
650,702
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities as to which this Schedule is filed are owned of record by clients of one or more investment Advisers identified in Exhibit A directly or indirectly owned by Allspring Global Investments Holdings, LLC. Those Clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds for the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities, except as follows:
None
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Exhibit A
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Allspring Global Investments Holdings, LLC
Signature:
Jennifer Grunberg
Name/Title:
Senior Compliance Manager
Date:
04/13/2026
Exhibit Information
Exhibit A
Subsidiary
Allspring Global Investments, LLC* - IA
Allspring Funds Management, LLC - IA
*Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on
this schedule 13G.
What stake does Allspring (SWZ) report in Total Return Securities Fund?
Allspring reports beneficial ownership of 650,702 shares, representing 5.0% of the Mutual Fund SH CL B class. The filing lists 605,795 shares with sole voting power and 650,702 with sole dispositive power.
Who holds voting and disposition authority for SWZ's reported shares?
The filer reports 605,795 shares with sole power to vote and 650,702 shares with sole power to dispose. Shared voting/dispositive power is reported as 0 in the amendment, per the ownership table.
Does the filing identify related adviser entities for SWZ's position?
Yes. Exhibit A identifies affiliated advisers, including Allspring Global Investments, LLC and Allspring Funds Management, LLC, as subsidiaries related to the beneficial ownership reported by the parent holding company.
Why was a Schedule 13G/A filed for SWZ's position?
A Schedule 13G/A is used when an entity reports beneficial ownership at or above SEC thresholds; here the parent reports a 5.0% ownership stake and files the amendment to update ownership and exhibit details.
Does any single client own more than 5% of the class under Allspring's filing?
The amendment states that record clients of the advisers hold the shares and that no client is known to have the right or power with respect to more than 5% of the class, with the filing listing no exceptions.
