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First Trust Senior Floting Rate Income Fund II
First Trust Senior Floting Rate Income Fund II
FCT

First Trust Senior Floting Rate Income Fund II (FCT)

$12.182.33%

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Key Stats

Open
12.1
Today Low/High
12.08 / 12.18
52 Week Low/High
$9.58 / $12.66
Market Cap
$317.97M

Company Details

First Trust Senior Floating Rate Income Fund II (the "Fund") is a diversified, closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. As a secondary objective, the Fund attempts to preserve capital. The Fund pursues its objectives by investing primarily in a portfolio of senior secured floating-rate corporate loans ("Senior Loans"). Under normal market conditions, at least 80% of the Fund's Managed Assets are generally invested in lower grade debt instruments. "Managed Assets" means the total asset value of the Fund minus the sum of its liabilities, other than the principal amount of borrowings. There can be no assurance that the Fund will achieve its investment objectives. Investing in Senior Loans involves credit risk and, during periods of generally declining credit quality, it may be particularly difficult for the Fund to achieve its secondary investment objective.
Organisation
First Trust Senior Floting Rate Income Fund II
Headquaters
Boston, Massachusetts, US
Industry
Miscellaneous
CEO
James Dykas

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