FCT

First Trust Senior Floating Rate Income Fund II is a closed-end fund that invests primarily in senior secured floating-rate bank loans. The fund seeks high current income while preserving capital by focusing on loans that typically rank senior in a borrower's capital structure. These floating-rate instruments provide built-in protection against rising interest rates as their coupons adjust periodically. The portfolio is diversified across industries and borrowers, primarily targeting middle-market and large corporate issuers. The fund may use leverage to enhance returns, which also increases risk and volatility.