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Public snapshot

SWZ Income Quality Score

Total Return Securities Fund (SWZ) has an Income Quality Score of 27/100, classified as a Foe with medium confidence, based on a 10-year income and total-return history.

Total Return Securities Fund (SWZ) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of July 31, 2026Lookback: 10-year
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Long-term focused10-year income and total-return analysis
Data-drivenObjective scoring across 4 quality, distribution and risk signals
Clear classificationFriends to own. Foes to avoid.
IQ Score
27/100
FoeMedium confidence
Asset Type
CEF
Exchange
NYSE
Trailing Yield (TTM)
Not published
No normalized trailing yield is published for closed-end funds in this snapshot.
Rank in CEF Universe
351 of 358
Lookback
10-year
Data as of
July 31, 2026
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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.
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SWZTotal Return Securities Fund
27FoeMedium confidence
Snapshot
2026-07
Data as of
2026-07-31
Lookback
10-year
Asset type
Closed-End Fund

IQ Score History

6535FRIENDQUESTION MARKFOE050100Methodology updatedMethodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-072026-072026-07-17 · 27.0 · Foe · Published Snapshot History · iq-4class-v12026-07-20 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-21 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-22 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-23 · 27.1 · Foe · Published Snapshot History · iq-4class-v12026-07-24 · 26.9 · Foe · Published Snapshot History · iq-4class-v12026-07-27 · 26.9 · Foe · Published Snapshot History · iq-4class-v12026-07-28 · 26.9 · Foe · Published Snapshot History · iq-4class-v12026-07-29 · 26.9 · Foe · Published Snapshot History · iq-4class-v12026-07-30 · 26.9 · Foe · Published Snapshot History · iq-4class-v12026-07-31 · 26.9 · Foe · Published Snapshot History · iq-4class-v3-direct-dist6535FRIENDQUESTION MARKFOE050100Methodology updated on 2026-07-31 (iq-4class-v1 → iq-4class-v3-direct-dist)2026-072026-07

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage
0/100
Working Capital Preservation
64/100
Distribution Cut Score
70/100
Distribution Trend
0/100

What is working

  • Working capital preserved over time

What to watch

  • Distributions exceed long-term total return
  • 1–2 years with a material annual distribution decline
  • Distributions declining year-over-year

Flags & gates

  • Yield Trap

Distribution Safety

19Years raised
1Years cut
36Years of data
RisingCurrent trend

Medium confidence (5–9 years of history)

  1. 19880.01Held
  2. 19900.02Held
  3. 19910.01Held
  4. 19920.01Held
  5. 19930.165Raised
  6. 19950.18Raised
  7. 19960.02Lower total
  8. 19970.02Held
  9. 19980.09Raised
  10. 19990.06Lower total
  11. 20001.32Raised
  12. 20010.307Lower total
  13. 20020.628Raised
  14. 20030.707Raised
  15. 20040.934Raised
  16. 20051.606Raised
  17. 20061.98Raised
  18. 20071.95Lower total
  19. 20080.324Lower total
  20. 20090.584Raised
  21. 20100.23Lower total
  22. 20111.98Raised
  23. 20120.063Lower total
  24. 20131.162Raised
  25. 20142.377Raised
  26. 20150.71Lower total
  27. 20160.511Lower total
  28. 20170.13Lower total
  29. 20185.1125Raised
  30. 20190.1404Lower total
  31. 20200.5588Raised
  32. 20210.5793Raised
  33. 20220.6223Raised
  34. 20230.4975Cut
  35. 20240.5328Raised
  36. 20256.1458Raised

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

The IQ Score is a research classification of historical income quality. It is not investment advice, not a recommendation and not a prediction of future returns.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.