FCT

First Trust Senior Floating Rate Income Fund II
FCT
Market cap $266M

10.24 USD

-0.09

0.87%

At close Nov 12, 4:00 PM EST

1 day

-0.87%

5 days

-0.39%

1 month

-1.35%

3 months

-0.39%

6 months

-1.92%

Year to date

3.75%

1 year

3.33%

5 years

-14.52%

10 years

-21.71%

About: First Trust Senior Floating Rate Income Fund II is the 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, the fund attempts to preserve capital. The fund seeks to achieve the objectives by investing in a portfolio of senior floating-rate loan interests. Its portfolio of investments consists of aerospace and defense, agricultural products, broadcasting, cable and satellite, electric utilities and other sectors.

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

30% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 20

0% more funds holding

Funds holding: 70 [Q1] → 70 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 8

13.62% less ownership

Funds ownership: 61.64% [Q1] → 48.01% (-13.62%) [Q2]

26% less capital invested

Capital invested by funds: $166M [Q1] → $123M (-$42.5M) [Q2]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

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

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Financial journalist opinion

24/7 Wall Street

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for November

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 November 15, 2024, to shareholders of record as of November 1, 2024. The ex-dividend date is expected to be November 1, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per sh.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for November

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for October

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 October 15, 2024, to shareholders of record as of October 1, 2024. The ex-dividend date is expected to be October 1, 2024. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $0.0.

First Trust Senior Floating Rate Income Fund II Declares its Monthly Common Share Distribution of $0.097 Per Share for October

24/7 Wall Street

Need $15,000 Passive Income? Buy These Dividend Stocks

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

Need $15,000 Passive Income? Buy These Dividend Stocks

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 16, 2024, to shareholders of record as of September 3, 2024. The ex-dividend date is expected to be September 3, 2024. 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

FCT: No Longer An Attractive Entry Point Into This Low Leverage CEF (Rating Downgrade)

The First Trust Senior Floating Rate Income Fund II has performed well due to its floating rate collateral in a rising interest rate environment. However, with anticipated Fed rate cuts, the fund's performance is expected to slow down as floating rate assets become less attractive. The fund's historical performance in low interest rate environments is not impressive.

FCT: No Longer An Attractive Entry Point Into This Low Leverage CEF (Rating Downgrade)

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, 2024, to shareholders of record as of August 1, 2024. The ex-dividend date is expected to be August 1, 2024. 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 August

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, 2024, to shareholders of record as of July 1, 2024. The ex-dividend date is expected to be July 1, 2024. 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 July

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 17, 2024, to shareholders of record as of June 3, 2024. The ex-dividend date is expected to be June 3, 2024. 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

FCT: Finances Look A Bit Weak, But A Decent Floater Fund For Risk-Averse Investors

First Trust Senior Floating Rate Income Fund II offers a current yield of 11.17%, higher than most other assets in the market. The FCT closed-end fund compares well with other CEFs that invest in floating-rate leveraged loans in terms of yield. The fund's net asset value has remained relatively stable over the past year, and it has fully covered its distributions with investment profits.

FCT: Finances Look A Bit Weak, But A Decent Floater Fund For Risk-Averse Investors

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