Key Insights into Total Return Securities Fund's Portfolio
Total Return Securities Fund Overview
The Total Return Securities Fund, previously known as The Swiss Helvetia Fund, Inc., is a notable player on the NYSE under the ticker SWZ. Recently, significant changes have been made following stockholder approval for an updated investment advisory agreement with Bulldog Investors, LLP. This transition marks an evolution in the Fund's approach to managing its assets, culminating in a shift from an emphasis on capital appreciation through investment in Swiss equity to a broader non-fundamental investment objective focused on achieving long-term total returns.
Portfolio Changes and Strategic Decisions
The Fund's Board of Directors endorsed key decisions recently, including the decision to divest a substantial portion of its portfolio securities. This indicates a proactive approach to restructuring the Fund's investments to align with its revised long-term strategy. Another significant aspect of this restructuring was the announcement of a special cash distribution intended to benefit stockholders, enhancing their return on investment, which amounted to $3.00 per share to be distributed in April.
Current Portfolio Breakdown
As of April, a thorough overview of the current portfolio makeup has been provided. This transparency reflects the Fund's commitment to keeping stakeholders informed. The portfolio is diversified as follows:
Swiss Public Securities constitute 31.4% of total assets, while Swiss Non-Public Securities account for 2.1%. U.S. Public Securities add another 7.5%, and a significant portion, 59.0%, is held in Cash and Cash Equivalents. This mix demonstrates a cautious yet strategic allocation aimed at seizing potential market opportunities while maintaining liquidity.
Financial Overview and Net Assets
The Fund's Total Net Assets stand impressively at $90.4 million, indicating a robust financial position. This foundation allows for flexibility in investment choices and positions the Fund to respond agilely to market dynamics.
Contact Information
For inquiries or further information regarding Total Return Securities Fund, interested parties can reach out to Thomas Antonucci at 201-881-7102. Despite modern communication methods, direct conversations remain a trusted approach for stakeholders wishing to engage with the Fund's leadership.
Frequently Asked Questions
What recent changes were made to the Total Return Securities Fund?
The Fund has shifted its investment strategy and entered into a new advisory agreement with Bulldog Investors to focus on long-term total returns.
How is the current portfolio of the Fund structured?
The Fund's portfolio includes 31.4% Swiss Public Securities, 2.1% Swiss Non-Public Securities, 7.5% U.S. Public Securities, and 59.0% in Cash and Cash Equivalents.
What is the total net asset value of the Fund?
The total net assets of the Total Return Securities Fund are $90.4 million.
What special distributions have been announced for shareholders?
A special cash distribution of $3.00 per share has been approved, reflecting the Fund’s commitment to its stakeholders.
Who can I contact for more information about the Fund?
For more information, you can contact Thomas Antonucci at 201-881-7102 for direct inquiries.
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