FCT - FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution

June, 24 2025 03:53 PM First Trust Senior Floating Rate Income Fund II of Beneficial Interest

2025-06-24 15:53:26 ET

The First Trust Senior Floating Rate Income Fund II ( FCT ) is a closed-end fund, or CEF, that income-seeking investors might wish to use as a method of earning a very high level of current income from the assets that they already possess. The fund actually manages to do a fairly good job at this, as it boasts an 11.68% distribution yield. This is far higher than the yield of any major domestic fixed-income debt index, the yields of which are shown in this chart:

Index/ETF

Current Yield

Bloomberg U.S. Aggregate Bond Index ( AGG )

3.82%

Bloomberg High Yield Very Liquid Index ( JNK )

6.59%

Bloomberg US Floating Rate Note < 5 Yrs. Index ( FLOT )

5.33%

For further details see:

FCT: NAV Destruction Is A Big Problem As This Fund Tries To Sustain Its Distribution

Company Name:	First Trust Senior Floating Rate Income Fund II of Beneficial Interest
Stock Symbol:	FCT
Market:	NYSE

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