Flaherty & Crumrine Total Return Fund
Sponsor: Flaherty & Crumrine · Inception Aug 27, 2003 · Pays monthly
Market priceShare price
$15.63
+0.58% (+$0.09)
NAVAsset value per share
$17.64
as of Oct 14, 2026 · Nasdaq NAV symbol
Premium / discountPrice vs. assets
11.39% discount *
Indicative: latest price vs latest reported NAV
Distribution rate (price)Payout rate
8.19%
regular, annualised · on NAV 7.26%
Expense ratioAnnual cost
Not reported
no tagged fee table
LeverageBorrowing
Not reported
senior securities not tagged
Quote status: Market closed — last regular-session price · last trade Oct 16, 2026, 4:00 PM EDT (exchange time, ET) · retrieved Oct 16, 2026, 10:40 PM EDTRegular-session prices; extended-hours quotes are not displayed.
Full portfolio as filed on SEC Form N-PORT for the month ending May 29, 2026, filed Jul 27, 2026. 262 positions; weights are percent of net assets as reported. Weights sum to 100.0% — leverage, cash, derivatives and short positions mean totals need not equal 100%. This is a historical report, not a live portfolio.
Asset class
| Asset class | % net assets | Value |
|---|---|---|
| Debt | 68.67% | $217M |
| Equity (preferred) | 29.79% | $93.9M |
| Short-term investment vehicle | 1.54% | $4.9M |
| Equity (common) | 0.00% | $0 |
Country (top 12)
| Country (top 12) | % net assets | Value |
|---|---|---|
| United States | 72.98% | $230M |
| Canada | 6.91% | $21.8M |
| France | 6.79% | $21.4M |
| United Kingdom | 5.24% | $16.5M |
| Spain | 4.81% | $15.2M |
| Cayman Islands | 1.08% | $3.4M |
| Bermuda | 0.86% | $2.7M |
| Ireland | 0.57% | $1.8M |
| Switzerland | 0.52% | $1.6M |
| Netherlands | 0.24% | $762K |
Region
| Region | % net assets | Value |
|---|---|---|
| United States | 72.98% | $230M |
| Canada | 6.91% | $21.8M |
| Developed Europe | 18.17% | $57.3M |
| Offshore domiciles | 1.94% | $6.1M |
Issuer type
| Issuer type | % net assets | Value |
|---|---|---|
| Corporate | 97.64% | $308M |
| Registered fund | 1.54% | $4.9M |
| U.S. GSE | 0.82% | $2.6M |
Fair-value level
| Fair-value level | % net assets | Value |
|---|---|---|
| Level 2 | 72.17% | $228M |
| Level 1 | 27.83% | $87.8M |
Level 3 = valued with unobservable inputs (typically private or illiquid).
Long / short
| Long / short | % net assets | Value |
|---|---|---|
| Long | 100.00% | $315M |
All allocation percentages use net assets as the denominator (N-PORT convention). A position's share of invested assets may differ from its share of the whole fund including cash and leverage.
All 262 positions
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| Security | Identifier | Type | Issuer | Country | Balance | Units | Value (USD) | Weight | FV level |
|---|---|---|---|---|---|---|---|---|---|
| REINSURANCE GROUP OF AMERICA INC | 759351AT6 | Debt | CORP | United States | 300,000 | principal | $304K | 0.10% | 2 |
| CNO FINANCIAL GROUP INC | 12621E301 | Preferred | CORP | United States | 16,100 | shares | $282K | 0.09% | 1 |
| COMPEER FINANCIAL ACA | 20453QAA0 | Debt | CORP | United States | 285,000 | principal | $282K | 0.09% | 2 |
| KEYCORP | 493267AK4 | Debt | CORP | United States | 275,000 | principal | $275K | 0.09% | 2 |
| CARLYLE FINANCE LLC | 14314C105 | Preferred | CORP | United States | 15,400 | shares | $255K | 0.08% | 1 |
| UBS GROUP AG | 902613BE7 | Debt | CORP | Switzerland | 210,000 | principal | $243K | 0.08% | 2 |
| VALLEY NATIONAL BANCORP | 919794404 | Preferred | CORP | United States | 8,300 | shares | $217K | 0.07% | 1 |
| FULTON FINANCIAL CORP | 360271308 | Preferred | CORP | United States | 11,400 | shares | $209K | 0.07% | 1 |
| VISTRA CORP | 92840MAC6 | Debt | CORP | United States | 185,000 | principal | $187K | 0.06% | 2 |
| ARBOR REALTY TRUST INC | 038923876 | Preferred | CORP | United States | 9,792 | shares | $161K | 0.05% | 1 |
| ANNALY CAPITAL MANAGEMENT INC | 035710870 | Preferred | CORP | United States | 4,540 | shares | $118K | 0.04% | 1 |
| LEHMAN BROS HLDG-ESCROW | — | Equity | CORP | United States | 20,000 | shares | $0 | 0.00% | 2 |
Equities show share counts; bonds and loans show principal amount. Coupon, maturity and ratings are shown where the filing discloses them. Source: SEC N-PORT via market-data vendor re-serve, position-level.
Holdings reports on file
| Report date | Filed | Positions | Σ weight | Net assets (calc.) | Coverage |
|---|---|---|---|---|---|
| May 29, 2026 | Jul 27, 2026 | 262 | 100.0% | $315M | full |
| Nov 28, 2025 | Jan 23, 2026 | 257 | 100.0% | $315M | full |
Net assets here are calculated from position values ÷ reported weights (median across positions), not a reported figure.
CEF Explorer research page for Flaherty & Crumrine Total Return Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.