FCT

First Trust Senior Floating Rate Income Fund II

10.18 USD
-0.01
0.10%
Updated Aug 26, 10:39 AM EDT
1 day
-0.10%
5 days
0.99%
1 month
-0.49%
3 months
2.83%
6 months
-1.64%
Year to date
-1.64%
1 year
-1.45%
5 years
-9.03%
10 years
-22.82%
 

About: First Trust Senior Floating Rate Income Fund II is a United States-based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.

0
Funds holding %
of 7,431 funds
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

23% more repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 22

22% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 9

1% more funds holding

Funds holding: 75 [Q1] → 76 (+1) [Q2]

3% less capital invested

Capital invested by funds: $106M [Q1] → $102M (-$3.42M) [Q2]

1.37% less ownership

Funds ownership: 40.13% [Q1] → 38.77% (-1.37%) [Q2]

Research analyst outlook

We haven’t received any recent analyst ratings for FCT.

Financial journalist opinion

Neutral
Business Wire
5 days ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for September
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on September 15, 2025, to shareholders of record as of September 2, 2025. The ex-dividend date is expected to be September 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for September
Neutral
Business Wire
1 month ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for August
WHEATON, Ill--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on August 15, 2025, to shareholders of record as of August 1, 2025. The ex-dividend date is expected to be August 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 D.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for August
Neutral
Seeking Alpha
2 months ago
FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution
First Trust Senior Floating Rate Income Fund II offers an attractive 11.68% yield, but that yield is unsustainable as the fund fails to cover distributions after recent Fed rate cuts. The FCT fund's net asset value is declining, indicating distributions are being paid from capital, not income, and a distribution cut is likely imminent. Peer funds have already cut distributions and suffered share price declines; FCT investors risk both income reduction and capital loss if they buy now.
FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution
Neutral
Business Wire
2 months ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for July
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on July 15, 2025, to shareholders of record as of July 1, 2025. The ex-dividend date is expected to be July 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):     Distribution per share:   $0.097.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for July
Neutral
Business Wire
3 months ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for June
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on June 16, 2025, to shareholders of record as of June 2, 2025. The ex-dividend date is expected to be June 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distri.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for June
Neutral
Business Wire
4 months ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for May
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on May 15, 2025, to shareholders of record as of May 1, 2025. The ex-dividend date is expected to be May 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Distribut.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for May
Neutral
Business Wire
5 months ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for April
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on April 15, 2025, to shareholders of record as of April 1, 2025. The ex-dividend date is expected to be April 1, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT):               Distribution per sha.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for April
Neutral
Business Wire
6 months ago
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for March
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on March 17, 2025, to shareholders of record as of March 3, 2025. The ex-dividend date is expected to be March 3, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.097 Dis.
First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for March
Neutral
Business Wire
7 months ago
First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for February
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on February 18, 2025, to shareholders of record as of February 3, 2025. The ex-dividend date is expected to be February 3, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share:.
First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for February
Neutral
Business Wire
8 months ago
First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for January
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on January 15, 2025, to shareholders of record as of January 2, 2025. The ex-dividend date is expected to be January 2, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: .
First Trust Senior Floating Rate Income Fund II Declares Its Monthly Common Share Distribution of $0.097 Per Share for January
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