Flaherty & Crumrine Total Return Fund (FLC) vs Morgan Stanley Emerging Markets Debt Fund (MSD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Flaherty & Crumrine Total Return Fund is the larger company by market cap ($161.3 million vs $134.5 million), about 1.2 times the size. On valuation, Morgan Stanley Emerging Markets Debt Fund trades at a lower trailing P/E (6.3x vs 8.7x for Flaherty & Crumrine Total Return Fund). Morgan Stanley Emerging Markets Debt Fund offers the higher dividend yield (8.87% vs 7.82%).
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | FLC | MSD |
|---|---|---|
| Share price | $15.43 | $6.65 |
| Market cap | $161.35M | $134.54M |
| 1-day change | -0.64% | -0.60% |
| P/E ratio (TTM) | 8.67 | 6.27 |
| EPS (TTM) | $1.78 | $1.06 |
| Dividend yield | 7.82% | 8.87% |
| Annual dividend | $1.21 | $0.59 |
| 52-week high | $18.09 | $7.94 |
| 52-week low | $15.33 | $6.62 |
| Distance from 52-week high | -14.70% | -16.25% |
| Average volume | 26.61K | 65.78K |
| Shares outstanding | 10.46M | 20.23M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Flaherty & Crumrine Total Return Fund trades at a higher earnings multiple (8.7x vs 6.3x trailing P/E).
- Morgan Stanley Emerging Markets Debt Fund offers a meaningfully higher dividend yield (8.87% vs 7.82%).
About Flaherty & Crumrine Total Return Fund
FLC stock →Flaherty & Crumrine Total Return Fund Inc. is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated.
Financial Services · Asset Management
About Morgan Stanley Emerging Markets Debt Fund
MSD stock →Morgan Stanley Emerging Markets Debt Fund, Inc. is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc.
Financial Services · Asset Management
FLC vs MSD FAQ
Which is bigger, Flaherty & Crumrine Total Return Fund or Morgan Stanley Emerging Markets Debt Fund?
Flaherty & Crumrine Total Return Fund (FLC) is larger, with a market capitalization of $161.35M compared with $134.54M for Morgan Stanley Emerging Markets Debt Fund (MSD).
Which has the lower P/E ratio, FLC or MSD?
MSD has the lower trailing P/E at 6.3, versus 8.7 for FLC. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Flaherty & Crumrine Total Return Fund or Morgan Stanley Emerging Markets Debt Fund?
Morgan Stanley Emerging Markets Debt Fund has the higher yield at 8.87%, compared with 7.82% for Flaherty & Crumrine Total Return Fund.
Are Flaherty & Crumrine Total Return Fund and Morgan Stanley Emerging Markets Debt Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.