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First Trust Senior Floating Rate Income Fund II (FCT)

Taxable Bond Funds - Loan Participation

Data as of Sept. 29, 2023
Market Price $10.00 (- $0.05)
NAV (Sept. 29, 2023) $11.11 (+ $0.01)
Fund Listed NYSE
Premium / Discount -9.99% (-0.53%)
Fund Info
Inception May 25, 2004
Sponsor First Trust Advisors
Phone 1.800.621.1675
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date N/A
Objective: High current income; senior secured floating rate corporate loans and lower grade debt instruments
Related Indexes
High Income Index
Senior Loan Index
US Bond Index
Capital & Leverage
Outstanding Shares 25,983,388
Total Assets (Reported: May 31, 2023) $355M
Estimated Total Assets $356M
Net Assets $289M
Market Cap $260M
Portfolio Turnover 67.00%
Total Leverage 18.84%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.08%
Non Lev Exp Ratio 1.13%
Rel Lev Cost 4.04%
Discount Data
Average Discount (3 Yr) -6.42%
Discount Low(3 Yr) -15.27%
Discount High(3 Yr) 7.81%
Discount Rel Range (3 Yr) 22.88%
Comp Discount -1.28
Discount St Dev (1Yr) 1.51
Z-Stat (6mo) 0.68
Z-Stat (1Yr) 0.71
Z-Stat (3Yr) -0.70
Comp Z-Stat (6mo) -0.49
Comp Z-Stat (3Yr) -0.51
Distribution Data
Market Yield 11.64%
Income Yield 9.22%
Lev Adj NAV Yield 8.82%
Distribution Frequency M
Current Distribution $0.097
Current Income $0.077
Ex-Date 10/2/23
Payable Date 10/16/23
Div Growth (3yr) -7.62%
Dividend Change 5.4% on 5/22/23
Expected Div 10/20/23
RoC (1yr) 11.41%
RoC (3yr) 34.50%
Tax Dividend Data 2022 2020 - 2022
Income 57.4% 63.2%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 42.6% 36.8%
Volume & Liquidity
Average Daily $ (K) $591
Avg Volume 30 day 67,344
Avg Volume 90 day 59,096
Volume Trend 13.96%
Comp Volume Trend 9.19%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): JQC 84.0%
NAV - Price Correlation (30 d) 68.2%
NAV - Price Correlation (90 d) 56.1%
NAV - Price Correlation (1 Yr) 50.2%
Price St Dev (1Yr) 10.7%
NAV St Dev (1Yr) 3.4%
Earnings / Share (5/31/23) $0.067
Earn Coverage 68.76%
Earnings Trend Up
UNII / Share (5/31/23) $-0.001
Rel UNII -0.13
UNII Trend Down
Bond Specific Data
Maturity 3.69
Credit Rating (rbo) B
Investment Grade 9.78%
Non Investment Grade 89.54%
Unrated Bonds 0.68%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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