Flah&Crum Total Return Fund:FLC

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$21.61$21.142.22%
    52 Wk Avg$21.00$20.631.59%
    52 Wk High$24.09$22.856.74%
    52 Wk Low$8.87$13.56-22.40%
    Regular Distribution TypeIncome Only
    Distribution Rate7.33%
    Distribution Amount$0.1320
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    It is a diversified management investment company that seeks a high current income with secondary objective of capital appreciation. It will normally invest at least 80% of its total assets in preferred securities and other income-producing securities so, that at least 50% of its total assets are invested in preferred securities. At least 80% of the preferred securities and debt securities are investment grade quality. Up to 20% may be invested in securities rated below investment grade, provided the issuer has investment grade senior debt outstanding. Normally it will invest 25% or more of its total assets in each of the utilities industry and the banking industry. Investment strategies such as hedging will be used in order to increase income. The Fund will issue Preferred Stock.

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$318.567M
    Total Common Assets:$210.667M
    Common Shares Outstanding:10,017,455
    Leverage

    As of 10/22/2020

    Preferred Share Assets:
    Total Debt (USD): $107.900M
    Regulatory Leverage (USD): $107.900M
    Effective Leverage (USD): $107.900M
    Effective Leverage (%): 33.87%
    Annual Expense Ratios

    As of 11/30/2019

      Per Common Share
    Management Fees0.84%
    Other Expenses:0.42%
    Baseline Expense: N/A
    Interest Expense:1.66%
    Total: 2.92%
    Fund Management

    Fund Sponsor
    Flaherty & Crumrine

    Portfolio Managers
    Donald F. Crumrine

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: FLC
    NAV Ticker: XFLCX
    Average Daily Volume (shares): 40,844
    Average Daily Volume (USD): $0.808M
    Inception Date: 8/29/2003
    Inception Share Price: $25.00
    Inception NAV: $23.83
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 10/23/2020

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2019
    $0.6688
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    7.49%
    Total Return on NAV (12 months):
    As of 10/23/2020
    3.70%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    7.17%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    33.87%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 10/23/2020

    PeriodAvg Discount
    6 Month2.59%
    1 Year1.59%
    3 Year-2.33%
    5 Year-1.05%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-0.89
    6 Month-0.20
    1 Year0.16
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD1.62%0.00%-6.22%-5.24%
    201938.77%26.28%34.61%24.84%
    2018-14.13%-7.79%-10.75%-7.07%
    201717.06%16.75%15.74%14.49%
    201612.43%7.36%12.97%6.81%
    20155.20%3.79%7.23%5.58%
    201415.61%18.28%18.73%17.64%
    20130.81%3.86%-4.38%2.61%
    201218.03%27.68%20.08%24.89%
    201119.18%9.40%15.57%6.61%
    201030.56%27.92%21.80%22.34%
    2009107.07%77.84%61.55%52.52%
    2008-45.77%-44.03%-46.63%-46.45%
    2007-15.05%-11.39%  
    200621.05%9.07%  
    2005-16.00%1.36%  
    20044.11%7.01%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 9/30/2020
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    7.17%
    Number of Holdings:
    As of 5/31/2020
    161
    Annual Portfolio Turnover:
    As of 11/30/2019
    18.00%
    Average Bond Price:
    As of 5/31/2020
    $108.43
    Asset Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)97.20%
    Preferred Stock41.33%
    Corporate Bond35.84%
    Convertible20.03%
    Cash Equivalents2.31%
    Cash Equivalents (Super Sector)2.31%
    Top Holdings

    As of 5/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    BNP Paribas 7.38%$8.59M2.83%
    Fifth Third Bancorp Deposit Shs Repr 1/1000th Non-Cum Perp Pfd Shs Series -$8.17M2.69%
    MetLife Inc. 9.25%$7.40M2.43%
    Liberty Mutual Group, Inc. 7.8%$7.37M2.43%
    PNC Financial Services Group Inc Perpetual Preferred Share class-P$7.05M2.32%
    Provident Financing Trust I 7.4%$6.33M2.08%
    MetLife Inc. 10.75%$6.31M2.08%
    New York Community Bancorp Inc Non-Cum Perp Pfd Shs Series -A-$6.16M2.03%
    Citigroup Inc Deposit Shs Repr 1/1000th 6 7/8 % Non-Cum Perp Pfd Shs Series$6.12M2.02%
    Societe Generale S.A. 6.75%$5.85M1.92%
    Credit Quality

    As of 5/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 5/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income24.77%
    France - Fixed Income2.38%
    Switzerland - Fixed Income2.15%
    United Kingdom - Fixed Income1.16%
    Netherlands - Fixed Income0.57%
    Mexico - Fixed Income0.44%
    Canada - Fixed Income0.35%
    Australia - Fixed Income0.23%
    Germany - Fixed Income0.10%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-1014244PR-E1119W