Flaherty & Crumrine Total Return Fund Inc.

Frequently Asked Questions About FLC

What does FLC invest in?

Flaherty & Crumrine Total Return Fund Inc. is a U.S.-domiciled, closed-end balanced mutual fund overseen by Flaherty & Crumrine Incorporated. Formed on August 26, 2003, and previously operating under the name Flaherty & Crumrine/Claymore Total Return Fund, Inc., its investment strategy encompasses both public equity and fixed-income markets within the United States. The fund specifically seeks out common stocks of companies active in the utility and banking industries. A substantial portion of its holdings consists of investment-grade preferred securities, alongside a variety of other income-generating debt instruments. To evaluate its performance, the fund benchmarks against both the Barclays Capital U.S. Aggregate Index and the S&P 500 Index.

What is the expense ratio of FLC?

Flaherty & Crumrine Total Return Fund Inc. (FLC) charges an expense ratio of 4.56%. This is the annual fee deducted from fund assets to cover management and operations.

What is FLC's dividend yield?

FLC's trailing-twelve-month yield is 6.85%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of FLC?

Effective duration measures FLC's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. FLC's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of FLC?

FLC's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of FLC?

Yield to maturity (YTM) is the total return you'd earn from FLC if every bond in the portfolio is held to maturity at the current price. FLC's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.