Bank of America discloses 6.7% stake in SWZ

Bank of America Corporation, together with certain wholly owned subsidiaries, reports beneficial ownership of 869,185 shares of common stock of Total Return Securities Fund.

Rhea-AI Filing Summary

Bank of America Corporation, together with certain wholly owned subsidiaries, reports beneficial ownership of 869,185 shares of common stock of Total Return Securities Fund. This represents 6.7% of the class, based on 12,973,861 shares outstanding as of April 21, 2026. Bank of America reports no sole or shared voting power over these shares, but reports shared dispositive power over 869,185 shares, meaning it can direct how these shares are disposed.

Key Figures

Beneficially owned shares: 869,185 shares Percent of class: 6.7% Shares outstanding baseline: 12,973,861 shares +3 more

6 metrics

Beneficially owned shares 869,185 shares Common stock of Total Return Securities Fund reported by Bank of America

Percent of class 6.7% Portion of Total Return Securities Fund common stock beneficially owned

Shares outstanding baseline 12,973,861 shares Shares of Total Return Securities Fund outstanding as of April 21, 2026

Sole voting power 0 shares Shares over which Bank of America has sole voting power

Shared voting power 0 shares Shares over which Bank of America has shared voting power

Shared dispositive power 869,185 shares Shares over which Bank of America has shared power to dispose

Key Terms

beneficially owned, dispositive power, Schedule 13G, percent of class, +1 more

5 terms

beneficially owned financial

"Amount beneficially owned: 869,185.00"

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.

dispositive power financial

"Shared power to dispose or to direct the disposition of: 869,185.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Schedule 13G regulatory

"This statement on is being filed by Bank of America Corporation"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

percent of class financial

"Percent of class: 6.7%"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

broker dealer registered under section 15 of the Act regulatory

"a broker dealer registered under section 15 of the Act"

FAQ

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

What stake in Total Return Securities Fund (SWZ) does Bank of America report on this Schedule 13G?

Bank of America reports beneficial ownership of 869,185 shares of Total Return Securities Fund common stock, representing 6.7% of the outstanding shares based on 12,973,861 shares reported by the issuer as of April 21, 2026.

Does Bank of America have voting power over its SWZ shares?

Bank of America reports no voting power over its SWZ holdings, with 0 shares under both sole and shared voting power. However, it reports shared dispositive power over 869,185 shares, covering decisions about selling or otherwise disposing of those shares.

How is the 6.7% ownership in SWZ calculated for Bank of America?

The 6.7% ownership is calculated using 869,185 beneficially owned shares divided by 12,973,861 shares outstanding, a figure taken from the issuer’s DEF 14A that reports share totals as of April 21, 2026.

Which Bank of America subsidiaries are involved in the SWZ holdings?

The filing is made on behalf of Bank of America Corporation and its wholly owned subsidiaries BofA Securities, Inc., Bank of America, N.A., and Merrill Lynch Pierce Fenner & Smith, Inc., which are identified as the relevant broker-dealer and bank entities.

What type of securities in SWZ does Bank of America report holding?

Bank of America reports holdings in common stock of Total Return Securities Fund. The filing identifies the security class as Common Stock and references the CUSIP 870875101 for these shares.

Where is the issuer of SWZ and Bank of America’s reporting entity located?

Total Return Securities Fund’s principal executive offices are at ULTIMUS FUND SOLUTIONS, 225 Pictoria Drive, Suite 450, Cincinnati, Ohio 45246. Bank of America’s principal business office is at 100 N Tryon St, Charlotte, NC 28255.

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

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Available on EDGAR 08/03/2026 - 06:48 PM Accepted by SEC EDGAR 08/03/2026 - 06:47 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Total Return Securities Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

870875101

(CUSIP Number)

06/30/2026

(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

BANK OF AMERICA CORP /DE/

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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 869,185.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

869,185.00

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)

6.7 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The beneficial ownership calculation relies on the 12,973,861 outstanding shares disclosed in the Form DEF 14A by the issuer on May 8, 2026, which reports share totals as of April 21, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Total Return Securities Fund
(b)	Address of issuer's principal executive offices: ULTIMUS FUND SOLUTIONS, 225 PICTORIA DRIVE, SUITE 450, CINCINNATI, OHIO, 45246.
Item 2.
(a)	Name of person filing: BANK OF AMERICA CORP /DE/
(b)	Address or principal business office or, if none, residence: 100 N TRYON ST CHARLOTTE, NC 28255
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 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: 869,185.00
(b)	Percent of class: 6.7%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0.00
	(ii) Shared power to vote or to direct the vote: 0.00
	(iii) Sole power to dispose or to direct the disposition of: 0.00
	(iv) Shared power to dispose or to direct the disposition of: 869,185.00
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.
	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. This statement on Schedule 13G is being filed by Bank of America Corporation on behalf of itself and its wholly owned subsidiaries BofA Securities, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o); Bank of America N.A., a bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); and Merrill Lynch Pierce Fenner & Smith, Inc., a broker dealer registered under section 15 of the Act (15 U.S.C. 78o).
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.

BANK OF AMERICA CORP /DE/

Signature:	/s/ Monica Yako
Name/Title:	Authorized Signatory
Date:	08/03/2026