First Trust Senior Floating Rate Income Fund II is a closed-end fund that primarily focuses on investing in senior loans with floating interest rates. The primary objective of this fund is to provide a high level of current income by investing in a diversified portfolio of senior floating rate loans and debt securities. These instruments are typically issued by corporations, making them distinct as they offer higher credit ratings than many other types of corporate debt due to their seniority in the capital structure. This fund plays a crucial role in providing investors with exposure to floating rate notes, which can be advantageous in rising interest rate environments, as the interest payments adjust with market rates. First Trust Senior Floating Rate Income Fund II predominantly impacts sectors like industrials, healthcare, and financials, reflecting a diversified approach to managing credit risk. The fund's strategy aims to protect capital while attempting to generate an attractive income stream, filling a niche for investors seeking variable income with a level of protection against interest rate volatility in their investment portfolios.
United States
Closed-end fund sectors showed broad strength, with 21 of 26 positive on price and an average price return of 0.78%. Click here to read more in detail.
Detailed price information for FT Senior Floating Rate Income Fund II (FCT-N) from The Globe and Mail including charting and trades.
WHEATON, Ill, August 10, 2026--First Trust Advisors L.P. ("FTA") announced today that the reorganization of First Trust Senior Floating Rate Income Fund II (NYSE: FCT), a closed-end management investment company managed by FTA, into First Trust Flexible Income ETF (NYSE: FFLX), an actively managed exchange-traded fund ("ETF") managed by FTA, was completed prior to the open of the NYSE on August 10, 2026.
Investors talking about FCT also mention
What share of all ETF conversation is about FCT?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Attention | 0% 0 | 0% 0 | 0% 0 | 0% 0 |
Of the messages about FCT that take a side, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Bullish | — | — | — | 100% +60 | ||
| Bearish | — | — | — | 0% -60 |
Of the messages about FCT that carry a topic, what share is each?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Macro | — | — | — | 20% | ||
| Technical Analysis | — | — | — | 80% |
Of the messages about FCT, what share comes from each group?
| 1 Day1D | 1 Week1W | 1 Month1M | 1 Year1Y | 50-Day MAclick to plot | 200-Day MAclick to plot | |
|---|---|---|---|---|---|---|
| Regulars | — | — | — | 54.69% | ||
| Newcomers | — | — | — | 45.31% |