<SEC-DOCUMENT>0001398344-26-007317.txt : 20260427
<SEC-HEADER>0001398344-26-007317.hdr.sgml : 20260427
<ACCEPTANCE-DATETIME>20260427160518
ACCESSION NUMBER:		0001398344-26-007317
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260424
FILED AS OF DATE:		20260427
DATE AS OF CHANGE:		20260427

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SELL MORITZ A
		CENTRAL INDEX KEY:			0001053116
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-05128
		FILM NUMBER:		26900845

	MAIL ADDRESS:	
		STREET 1:		C/O ULTIMUS FUND SOLUTIONS
		STREET 2:		225 PICTORIA DR., SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Total Return Securities Fund
		CENTRAL INDEX KEY:			0000813623
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ULTIMUS FUND SOLUTIONS
		STREET 2:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246
		BUSINESS PHONE:		631-470-2704

	MAIL ADDRESS:	
		STREET 1:		ULTIMUS FUND SOLUTIONS
		STREET 2:		225 PICTORIA DRIVE, SUITE 450
		CITY:			CINCINNATI
		STATE:			OH
		ZIP:			45246

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SWISS HELVETIA FUND, INC.
		DATE OF NAME CHANGE:	20050712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SWISS HELVETIA FUND INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HELVETIA FUND INC
		DATE OF NAME CHANGE:	19900820
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>fp0098731-1.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0609</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2026-04-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000813623</issuerCik>
        <issuerName>Total Return Securities Fund</issuerName>
        <issuerTradingSymbol>SWZ</issuerTradingSymbol>
        <issuerForeignTradingSymbol></issuerForeignTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001053116</rptOwnerCik>
            <rptOwnerName>SELL MORITZ A</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerNonUSAddressFlag>false</rptOwnerNonUSAddressFlag>
            <rptOwnerStreet1>C/O ULTIMUS FUND SOLUTIONS</rptOwnerStreet1>
            <rptOwnerStreet2>225 PICTORIA DR., SUITE 450</rptOwnerStreet2>
            <rptOwnerCity>CINCINNATI</rptOwnerCity>
            <rptOwnerState>OH</rptOwnerState>
            <rptOwnerZipCode>45246</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2026-04-24</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1002</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.065</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>11000</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Amount includes shares acquired through the Issuer's dividend reinvestment plan.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Stephanie Darling, as Power of Attorney</signatureName>
        <signatureDate>2026-04-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
