First Trust Senior Floating Rate Income Fund II (FCT) Alternatives
First Trust Senior Floating Rate Income Fund II (FCT) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FCT. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to FCT
FCT charges 0.03% annually. Among mutual funds in the Bank Loan category, these options have the lowest expense ratios among FCT alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | Jan 31, 2017 | FCT vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | Mar 16, 2008 | FCT vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | Oct 14, 2014 | FCT vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | Jan 30, 2008 | FCT vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | Dec 30, 2007 | FCT vs LFRIX |
Best Risk-Adjusted Alternatives to FCT
Among mutual funds in the Bank Loan category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 100 | Jun 8, 2023 | FCT vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 98 | Sep 29, 2016 | FCT vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | 94 | Feb 28, 2006 | FCT vs SAMBX | |
| Delaware Floating Rate Fund | 94 | Feb 25, 2010 | FCT vs DDFLX | |
| Payden Floating Rate Fund | 94 | Nov 10, 2013 | FCT vs PYFRX |
Top Performing FCT Alternatives (YTD)
FCT alternatives from the Bank Loan category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.80% | Jun 8, 2023 | FCT vs CAPIX | |
| Victory Floating Rate Fund | 1.46% | Dec 30, 2009 | FCT vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 1.41% | Jan 31, 2017 | FCT vs XPTFX | |
| RiverPark Floating Rate CMBS Fund | 0.88% | Sep 29, 2016 | FCT vs RCRIX | |
| DWS Floating Rate Fund | 0.51% | Jun 28, 2007 | FCT vs DFRTX |
Lowest Volatility Alternatives to FCT
FCT alternatives from the Bank Loan category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | 1.21% | Jun 8, 2023 | FCT vs CAPIX | |
| RiverPark Floating Rate CMBS Fund | 1.54% | Sep 29, 2016 | FCT vs RCRIX | |
| BNY Mellon Floating Rate Income Fund | 1.99% | Sep 26, 2013 | FCT vs DFLYX | |
| Payden Floating Rate Fund | 2.04% | Nov 10, 2013 | FCT vs PYFRX | |
| Shenkman Capital Floating Rate High Income Fund | 2.16% | Oct 14, 2014 | FCT vs SFHIX |
Lowest Drawdown Alternatives to FCT
FCT alternatives from the Bank Loan category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Calamos Aksia Alternative Credit and Income Fund C... | -0.37% | Jun 8, 2023 | FCT vs CAPIX | |
| Federated Hermes Floating Rate Strat Inc Fund | -1.40% | Dec 2, 2010 | FCT vs FFRSX | |
| Pioneer Floating Rate Fund | -1.64% | Feb 13, 2007 | FCT vs FLYRX | |
| Delaware Floating Rate Fund | -1.65% | Feb 25, 2010 | FCT vs DDFLX | |
| BNY Mellon Floating Rate Income Fund | -1.73% | Sep 26, 2013 | FCT vs DFLYX |
Other Mutual Funds from First Trust
Most popular First Trust mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Vivaldi Merger Arbitrage Fund Class I | Event Driven | 99 | 0.76% | Oct 1, 2015 | FCT vs VARBX | |
| First Trust Preferred Securities and Income Fund | Preferred Stock/Convertible Bonds | 80 | -2.48% | Jan 10, 2011 | FCT vs FPEIX | |
| First Trust/Confluence Small Cap Value Fund | Small Cap Blend Equities | — | — | Jan 11, 2011 | FCT vs FOVIX | |
| First Trust Enhanced Equity Income Fund | Derivative Income | 36 | -5.60% | Aug 26, 2004 | FCT vs FFA | |
| First Trust Intermediate Duration Preferred and In... | Preferred Stock/Convertible Bonds | 14 | -4.04% | Apr 1, 2009 | FCT vs FPF | |
| First Trust High Yield Opportunities 2027 Term Fun... | High Yield Bonds | 15 | -1.22% | Jun 25, 2020 | FCT vs FTHY | |
| First Trust Short Duration High Income Fund | Bank Loan | 65 | -2.99% | Oct 31, 2012 | FCT vs FDHIX | |
| First Trust Mortgage Income Fund | Mortgage Backed Securities | 14 | -2.09% | May 25, 2005 | FCT vs FMY |
Often Compared With FCT
What investors most often compare with FCT, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Guggenheim Strategic Opportunities Fund | Derivative Income | 1 | -10.50% | Jul 26, 2007 | FCT vs GOF | |
| Vanguard S&P 500 ETF | S&P 500 | 65 | -4.42% | Sep 7, 2010 | FCT vs VOO | |
| FT Cboe Vest Rising Dividend Achievers Target Inco... | Derivative Income | 59 | -0.53% | Oct 19, 2022 | FCT vs RDVI | |
| Pacific Funds Floating Rate Income | Bank Loan | 93 | -1.34% | Jun 29, 2011 | FCT vs PLFRX |
Compare FCT with Any Fund or Stock
Compare FCT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.