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