Total Return Securities Fund
Sponsor: Bulldog Investors · Inception Aug 19, 1987 · Pays quarterly
Market priceShare price
$5.77
+0.87% (+$0.05)
NAVAsset value per share
$7.32
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
21.17% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
10.11%
regular, annualised · on NAV 7.97%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 15, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 15, 2026, 10:43 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending Jun 30, 2026, filed Aug 31, 2026. 24 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Top 10 holdings
| # | Security | Type | Country | Weight | Value (USD) |
|---|---|---|---|---|---|
| 1 | ALEXANDER'S INC | Equity | United States | 8.12% | $7.7M |
| 2 | BERKSHIRE HATHAWAY INC | Equity | United States | 7.88% | $7.5M |
| 3 | VILLAGE SUPER MARKET INC | Equity | United States | 7.55% | $7.2M |
| 4 | CHUBB LTD (SWITZERLAND) | Equity | Switzerland | 7.53% | $7.2M |
| 5 | SHORT-TERM INVESTMENTS TRUST | Short-term inv. | United States | 7.17% | $6.8M |
| 6 | FIDELITY COLCHESTER STREET TRUST | Short-term inv. | United States | 7.17% | $6.8M |
| 7 | NORWOOD FINANCIAL CORP | Equity | United States | 5.75% | $5.5M |
| 8 | ARTIENCE CO LTD | Equity | Japan | 5.31% | $5M |
| 9 | TEJON RANCH COMPANY | Equity | United States | 5.12% | $4.9M |
| 10 | STRATUS PROPERTIES INC | Equity | United States | 4.84% | $4.6M |
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Equity (common) | 85.35% | $81.1M |
| Short-term investment vehicle | 14.65% | $13.9M |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 84.55% | $80.3M |
| Switzerland | 8.63% | $8.2M |
| Japan | 6.82% | $6.5M |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 84.55% | $80.3M |
| Developed Europe | 8.63% | $8.2M |
| Japan | 6.82% | $6.5M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 66.79% | $63.4M |
| Registered fund | 33.21% | $31.5M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 1 | 85.66% | $81.4M |
| Level 2 | 14.34% | $13.6M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $95M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 24 positions
| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| ALEXANDER'S INC | 014752109 | Equity | CORP | United States | 28,000 | shares | $7.7M | 8.12% | 1 |
| BERKSHIRE HATHAWAY INC | 084670108 | Equity | CORP | United States | 10 | shares | $7.5M | 7.88% | 1 |
| VILLAGE SUPER MARKET INC | 927107409 | Equity | CORP | United States | 170,000 | shares | $7.2M | 7.55% | 1 |
| CHUBB LTD (SWITZERLAND) | H1467J104 | Equity | CORP | Switzerland | 21,000 | shares | $7.2M | 7.53% | 1 |
| SHORT-TERM INVESTMENTS TRUST | 825252406 | Short-term inv. | RF | United States | 6,812,056 | principal | $6.8M | 7.17% | 2 |
| FIDELITY COLCHESTER STREET TRUST | 316175108 | Short-term inv. | RF | United States | 6,812,056 | principal | $6.8M | 7.17% | 2 |
| NORWOOD FINANCIAL CORP | 669549107 | Equity | CORP | United States | 170,000 | shares | $5.5M | 5.75% | 1 |
| ARTIENCE CO LTD | J91515106 | Equity | CORP | Japan | 190,000 | shares | $5M | 5.31% | 1 |
| TEJON RANCH COMPANY | 879080109 | Equity | CORP | United States | 260,000 | shares | $4.9M | 5.12% | 1 |
| STRATUS PROPERTIES INC | 863167201 | Equity | CORP | United States | 159,755 | shares | $4.6M | 4.84% | 1 |
| SRH TOTAL RETURN FUND INC | 101507101 | Equity | RF | United States | 230,000 | shares | $4.1M | 4.33% | 1 |
| TEXAS PACIFIC LAND CORP | 88262P102 | Equity | CORP | United States | 9,000 | shares | $3.9M | 4.15% | 1 |
| ELME COMMUNITIES | 939653101 | Equity | CORP | United States | 2,000,000 | shares | $3M | 3.12% | 1 |
| BNY MELLON MUNICIPAL BOND INFRASTRUCTURE FUND INC | 09662W109 | Equity | RF | United States | 242,418 | shares | $2.7M | 2.82% | 1 |
| PROGRESSIVE CORP (THE) | 743315103 | Equity | CORP | United States | 12,000 | shares | $2.6M | 2.76% | 1 |
| CENTRAL SECURITIES CORP | 155123102 | Equity | RF | United States | 185,547 | shares | $9.7M | 10.25% | 1 |
| APARTMENT INVESTMENT & MANAGEMENT CO | 03748R747 | Equity | CORP | United States | 500,000 | shares | $1.5M | 1.56% | 1 |
| SAKATA INX CORP | J66661125 | Equity | CORP | Japan | 88,500 | shares | $1.3M | 1.36% | 1 |
| BNY MELLON STRATEGIC MUNICIPAL BOND FUND INC | 09662E109 | Equity | RF | United States | 178,793 | shares | $1.1M | 1.16% | 1 |
| ARYZTA AG | H0336C126 | Equity | CORP | Switzerland | 15,000 | shares | $1M | 1.10% | 1 |
| ARAVIS BIOTECH II LP | — | Equity | CORP | United States | 3,294,705 | shares | $397K | 0.42% | 1 |
| FIDELITY COLCHESTER STREET TRUST | 316175108 | Short-term inv. | RF | United States | 291,155 | principal | $291K | 0.31% | 1 |
| DIC CORP | J1280G103 | Equity | CORP | Japan | 5,000 | shares | $148K | 0.16% | 1 |
| Spineart SA | — | Equity | CORP | United States | 221,085 | shares | $64.5K | 0.07% | 1 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| Jun 30, 2026 | Aug 31, 2026 | 24 | 100.0% | $95M | full |
| Mar 31, 2026 | Jun 1, 2026 | 27 | 100.0% | $91M | full |
| Dec 31, 2025 | Feb 6, 2026 | 27 | 100.0% | $116M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Total Return Securities Fund. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.