Flaherty & Crumrine Total Return Fund Inc (FLC)

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Flaherty & Crumrine Total Return Fund Inc (FLC) is down 1.3% since the beginning of the year. FLC is currently trading at $17 per share. Investors who bought $1,000 worth of FLC shares 5 years ago would now be looking at an investment worth $1,004.

Flaherty & Crumrine Total Return Fund Inc (FLC) has returned -1.29% so far this year and 8.10% over the past 12 months. Over the last ten years, FLC has returned 5.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Oct 9, 2003, FLC'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, 62% of months were positive and 38% were negative. The best month was May 2009 with a return of +20.0%, while the worst month was Sep 2008 at -40.5%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FLC closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +45.2%, while the worst single day was Mar 18, 2020 at -34.1%.

Flaherty & Crumrine Total Return Fund Inc has an annualized alpha of 2.86%, beta of 0.63, and R2 of 0.24 versus S&P 500 Index. Calculated based on daily prices since October 10, 2003.

• This fund participated in 69.20% of S&P 500 Index downside but only 63.92% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.63 may look defensive, but with R2 of 0.24 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 0.24 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.

FLC has a high expense ratio of 1.64%, indicating above-average management fees.

FLC ranks 14 for risk / return — in the bottom 14% 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 Flaherty & Crumrine Total Return Fund Inc (FLC) and compare them to S&P 500 Index.

Flaherty & Crumrine Total Return Fund Inc provided a 7.40% dividend yield over the last twelve months, with an annual payout of $1.24 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Flaherty & Crumrine Total Return Fund Inc. 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 Flaherty & Crumrine Total Return Fund Inc. 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 Flaherty & Crumrine Total Return Fund Inc was 76.79%, occurring on Oct 10, 2008. Recovery took 347 trading sessions.

The current Flaherty & Crumrine Total Return Fund Inc drawdown is 4.70%.

The chart below shows the rolling one-month volatility.