Total Return Securities Fund net assets from operations rise 34.39% to $6.16 million in 1H FY26 - SWZ News | RalliesTotal Return Securities Fund net assets from operations rise 34.39% to $6.16 million in 1H FY26
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SWZ• Net assets fall after tender offer
- Net assets fell to USD 96.23 million after a USD 27.24 million tender offer that repurchased 4,000,000 shares at USD 6.81.
Portfolio positioning and cash levels
- Andrew Dakos cited bigger insurance exposure and added Japan positions; cash was 14.5% at June-end, about 10% currently.
Net assets from operations rise in first half
- Total Return Securities Fund posted net increase in net assets from operations of USD 6.16 million for the six months ended June 30, 2026.
- Net investment income totaled USD 289,055, while net realized and unrealized gain on investments and FX translations came in at USD 5.87 million.
- NAV per share climbed 7.38% to USD 7.42, while the market price fell 4.5% to USD 5.94 as the discount widened .
9.9 percentage points
