CSS LLC/IL discloses 9.94% stake in Total Return Securities Fund

CSS LLC/IL filed an amended Schedule 13G reporting its beneficial ownership in the Total Return Securities Fund.

Accepted by SEC EDGAR 12/31/2025 - 12:24 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

CSS LLC/IL filed an amended Schedule 13G reporting its beneficial ownership in the Total Return Securities Fund. As of the event date, the firm beneficially owned 1,686,971 shares, representing 9.9386% of the fund’s outstanding shares. CSS LLC/IL has sole voting and sole dispositive power over all of these shares, with no shared voting or dispositive authority.

The filing classifies CSS LLC/IL as organized in Illinois and confirms that the position is not held for the purpose of changing or influencing control of the fund and is not part of any group or control transaction. The event triggering this filing occurred on 12/30/2025, and the certification states that the information provided is true, complete, and correct.

FAQ

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

What stake does CSS LLC/IL hold in Total Return Securities Fund (SWZ)?

CSS LLC/IL reports beneficial ownership of 1,686,971 shares of Total Return Securities Fund, representing 9.9386% of the outstanding class.

Does CSS LLC/IL control voting for its SWZ shares?

Yes. CSS LLC/IL has sole voting power and sole dispositive power over all 1,686,971 shares, with no shared voting or dispositive power.

Is CSS LLC/IL seeking to influence control of Total Return Securities Fund (SWZ)?

No. The certification states the securities were not acquired and are not held for the purpose or effect of changing or influencing control of the issuer.

When did the ownership level reported by CSS LLC/IL in SWZ become reportable?

The date of the event requiring this Schedule 13G/A filing is 12/30/2025, which is when the reported ownership position became subject to this disclosure.

What type of investor is CSS LLC/IL in this SWZ filing?

CSS LLC/IL is identified as an entity organized in Illinois and is listed with a reporting person type of "OO" (other), rather than as a bank, broker, or registered investment company.

Is CSS LLC/IL part of a group for its SWZ holdings?

No. The filing indicates that group-related items are Not Applicable, and there is no identification or classification of group members.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Total Return Securities Fund

(Name of Issuer)

Closed End Fund

(Title of Class of Securities)

870875101

(CUSIP Number)

12/30/2025

(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)

SCHEDULE 13G

CUSIP No. 870875101

1

Names of Reporting Persons

CSS LLC/IL

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

ILLINOIS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,686,971.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,686,971.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,686,971.00

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)

9.9386 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Total Return Securities Fund
(b)	Address of issuer's principal executive offices: C/O U.S. BANK GLOBAL FUND SERVICES, 615 EAST MICHIGAN STREET, MILWAUKEE, WISCONSIN 53202
Item 2.
(a)	Name of person filing: CSS LLC/IL
(b)	Address or principal business office or, if none, residence: 1 NORTH WACKER DRIVE SUITE 3075 CHICAGO, Illinois 60606
(c)	Citizenship: CSS LLC/IL - ILLINOIS
(d)	Title of class of securities: Closed End Fund
(e)	CUSIP No.: 870875101
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: 1,686,971
(b)	Percent of class: 9.9386 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: CSS LLC/IL - 1,686,971
	(ii) Shared power to vote or to direct the vote: CSS LLC/IL - 0
	(iii) Sole power to dispose or to direct the disposition of: CSS LLC/IL - 1,686,971
	(iv) Shared power to dispose or to direct the disposition of: CSS LLC/IL - 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.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
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 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.

CSS LLC/IL

Signature:	Mitchell R. Bialek
Name/Title:	Mitchell R. Bialek/CCO
Date:	12/31/2025