Flaherty & Crumrine Total Return Fund Inc., a closed-ended balanced mutual fund managed by investment management firm Flaherty & Crumrine Incorporated, has made waves in the financial market. With a focus on investing in both public equity and fixed-income markets in the US, the fund seeks to make strategic investments in the utilities and banking sectors. Its investment strategy primarily involves high-quality securities, including preferred securities and other income-producing securities comprised of various debt securities. Flaherty & Crumrine Total Return Fund's portfolio is measured against the Barclays Capital U.S. Aggregate Index and the S&P 500 Index. The fund, formerly known as Flaherty & Crumrine/Claymore Total Return Fund, Inc., was founded on August 26, 2003, and is domiciled in the United States.