First Trust Senior Floating Rate Income Fund II (FCT)

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First Trust Senior Floating Rate Income Fund II (FCT) is up 1.2% since the beginning of the year. FCT is currently trading at $10 per share. Investors who bought $1,000 worth of FCT shares 5 years ago would now be looking at an investment worth $1,286.

First Trust Senior Floating Rate Income Fund II (FCT) has returned 1.16% so far this year and 8.76% over the past 12 months. Over the last ten years, FCT has returned 5.92% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since May 26, 2004, FCT's average daily return is +0.02%, while the average monthly return is +0.45%. At this rate, an investment would double in approximately 12.9 years.

Historically, 61% of months were positive and 39% were negative. The best month was Jan 2009 with a return of +20.7%, while the worst month was Sep 2008 at -21.2%. The longest winning streak lasted 12 consecutive months, and the longest losing streak was 7 months.

On a daily basis, FCT closed higher 50% of trading days. The best single day was Oct 13, 2008 with a return of +15.6%, while the worst single day was Sep 29, 2008 at -13.2%.

First Trust Senior Floating Rate Income Fund II has an annualized alpha of 1.20%, beta of 0.41, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since May 26, 2004.

• This fund participated in 54.54% of S&P 500 Index downside but only 44.55% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.41 may look defensive, but with R2 of 0.25 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.25 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FCT has an expense ratio of 0.03%, which is considered low.

FCT ranks 22 for risk / return — below 22% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

First Trust Senior Floating Rate Income Fund II provided a 12.12% dividend yield over the last twelve months, with an annual payout of $1.16 per share.

The table displays the monthly dividend distributions for First Trust Senior Floating Rate Income Fund II. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Senior Floating Rate Income Fund II. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Senior Floating Rate Income Fund II was 67.23%, occurring on Dec 15, 2008. Recovery took 580 trading sessions.

The current First Trust Senior Floating Rate Income Fund II drawdown is 0.95%.

The chart below shows the rolling one-month volatility.