# Cohen & Steers Total Return Realty Fund, Inc. (RFI): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/rfi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Cohen & Steers · Asset class: Equity - Strategy: Actively Managed · Inception: 1994-02-11 The Cohen & Steers Total Return Realty Fund, Inc. is a closed-end equity mutual fund, originally established by Cohen & Steers, Inc. and currently managed by Cohen & Steers Capital Management, Inc. This fund primarily allocates capital to publicly traded companies within the United States real estate sector, encompassing Real Estate Investment Trusts (REITs), and considers firms across the entire spectrum of market capitalizations. To gauge its performance, the fund compares its results against several benchmarks: the FTSE NAREIT Equity REIT Index, the S&P 500 Index, and a custom blended in... ## Key Facts | Metric | Value | |---|---| | Price | $10.28 | | Expense Ratio | 0.94% | | Market Value | $275.0M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | 9.34% | | Annual Distribution (TTM) | $0.96 /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.21 – $12.07 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.0800 /share - Ex-date: 2026-12-08 - Pay date: 2026-12-31 ## Frequently Asked Questions ### What does RFI invest in? The Cohen & Steers Total Return Realty Fund, Inc. is a closed-end equity mutual fund, originally established by Cohen & Steers, Inc. and currently managed by Cohen & Steers Capital Management, Inc. This fund primarily allocates capital to publicly traded companies within the United States real estate sector, encompassing Real Estate Investment Trusts (REITs), and considers firms across the entire spectrum of market capitalizations. To gauge its performance, the fund compares its results against several benchmarks: the FTSE NAREIT Equity REIT Index, the S&P 500 Index, and a custom blended index consisting of 80% FTSE NAREIT Equity REIT Index and 20% BofA Merrill Lynch REIT Preferred Securities Index. The fund commenced operations on September 4, 1992, and is domiciled in the United States. ### What is the expense ratio of RFI? Cohen & Steers Total Return Realty Fund, Inc. (RFI) charges an expense ratio of 0.94%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is RFI? Cohen & Steers Total Return Realty Fund, Inc. (RFI) has a market value of $275.0M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is RFI actively managed or an index fund? RFI is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RFI's is 0.94%) in exchange for the discretion to over- or under-weight positions. ### When was RFI launched? Cohen & Steers Total Return Realty Fund, Inc. (RFI) launched in February 1994 and is managed by Cohen & Steers. ### How has RFI performed? RFI's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does RFI pay a dividend? Cohen & Steers Total Return Realty Fund, Inc. (RFI) currently distributes little or no income. Trailing-twelve-month yield is 9.34%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RFI pay dividends? Cohen & Steers Total Return Realty Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RFI's dividend yield? RFI's trailing-twelve-month yield is 9.34%, calculated from the sum of dividends over the past year divided by the current price. ### When is RFI's next ex-dividend date? The most recently announced ex-dividend date for RFI was 2026-12-08. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will RFI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.94% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does RFI charge its expense ratio? The expense ratio is deducted in tiny daily slices from RFI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does RFI cost more than a fund like VOO? RFI is actively managed (current expense ratio 0.94%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether RFI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RFI? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as RFI (0.94%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/rfi - Distribution history: https://www.dividenddata.com/funds/rfi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/rfi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/rfi/expenses - Peer comparison: https://www.dividenddata.com/funds/rfi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.