Total Return Securities Fund (SWZ)

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Total Return Securities Fund (SWZ) is down 4.7% since the beginning of the year. SWZ is currently trading at $6 per share. Investors who bought $1,000 worth of SWZ shares 5 years ago would now be looking at an investment worth $1,816.

Total Return Securities Fund (SWZ) has returned -4.66% so far this year and -5.72% over the past 12 months. Over the last ten years, SWZ has returned 12.00% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jan 5, 1988, SWZ's average daily return is +0.04%, while the average monthly return is +0.71%. At this rate, an investment would double in approximately 8.2 years.

Historically, 58% of months were positive and 42% were negative. The best month was Apr 2025 with a return of +50.8%, while the worst month was Oct 1998 at -45.4%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 6 months.

On a daily basis, SWZ closed higher 47% of trading days. The best single day was Apr 8, 2025 with a return of +50.8%, while the worst single day was Oct 16, 1998 at -50.8%.

Total Return Securities Fund has an annualized alpha of 3.04%, beta of 0.59, and R2 of 0.20 versus S&P 500 Index. Calculated based on daily prices since January 06, 1988.

• This fund participated in 79.05% of S&P 500 Index downside but only 69.73% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.59 may look defensive, but with R2 of 0.20 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.20 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SWZ has a high expense ratio of 1.06%, indicating above-average management fees.

SWZ ranks 1 for risk / return — in the bottom 1% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Total Return Securities Fund (SWZ) and compare them to S&P 500 Index.

Total Return Securities Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Total Return Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Total Return Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Total Return Securities Fund was 69.62%, occurring on Mar 12, 2003. Recovery took 983 trading sessions.

The current Total Return Securities Fund drawdown is 7.63%.

The chart below shows the rolling one-month volatility.