FIRST TRUST SENIOR FLOATING RATE INCOME FUND II (FCT)
First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.
Industry: Asset Management
First Trust Senior Floating Rate Income Fund II
NYSE:FCTFinancial Services · Asset Management
Mkt Cap$249.44M
Float19.4M
O/S25.98M
Inst Own33.1%
SI0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.13M
Net Income$11.53M
Total Assets$281.67M
Free Cash Flow$16.52M
Debt & Equity
Debt 3%
Equity 97%
Total Debt$7M
Total Equity$256.16M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in FCT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$281.67M
Liabilities$25.51M
Accounts Receivable$20.43M
Accounts Payable$18.2M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 |
| Revenue | $19.13M | $21.57M | $32.83M | $14.58M | -$10.44M | $38.58M | -$7.54M | $10.85M | $14.87M | $24.77M | $23.17M | $29.96M | $29.53M | $32.96M |
| YoY Growth | -11.3% | -34.3% | 125.2% | -239.7% | -127.1% | -611.9% | -169.5% | -27.1% | -39.9% | 6.9% | -22.7% | 1.4% | -10.4% | - |
| Cost of Revenue | $2.73M | $2.45M | $0 | -$11.46M | -$30.51M | $18.52M | -$33.38M | -$18.16M | $4.41M | $4.54M | $4.41M | $0 | $0 | $0 |
| Gross Profit | $16.4M | $19.12M | $32.83M | $26.04M | $20.08M | $20.06M | $25.85M | $29M | $10.47M | $20.23M | $18.76M | $29.96M | $29.53M | $32.96M |
| Gross Margin | 85.7% | 88.6% | 100.0% | 178.6% | -192.3% | 52.0% | -342.9% | 267.4% | 70.4% | 81.7% | 81.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $2 | -$1 | $2 | -$1 | $0 | $1 | $1 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $518K | $683K | $587K | $618K | $796K | $684K | $675K | $786K | $1 | $0 | $5M | $5.43M | $5.27M |
| Other | $2.39M | $22K | $0 | $11.97M | $27K | $28K | $26K | $26K | $28K | $26.7M | $26.7M | $0 | $0 | $0 |
| Total Operating Expenses | $2.39M | $540K | $703K | $603K | $645K | $824K | $710K | $701K | $814K | $2.88M | $21.54M | $12.26M | $7.88M | $11.16M |
| Operating Income (EBIT) | $14.02M | $18.58M | $27.35M | $22.79M | $16.12M | $15.76M | $21.42M | $24.43M | $17.48M | $23.51M | $24.24M | $24.95M | $24.11M | $27.69M |
| Operating Margin | 73.3% | 86.1% | 83.3% | 156.3% | -154.4% | 40.9% | -284.2% | 225.2% | 117.5% | 94.9% | 104.6% | 83.3% | 81.6% | 84.0% |
| Interest Expense | $2.48M | $2.45M | $3.77M | $2.75M | $1.35M | $1.32M | $3.85M | $4.74M | $3.42M | $2.77M | $1.96M | $1.62M | $1.76M | $1.81M |
| Interest Income | $22.72M | $25.87M | $30.62M | $26.04M | $19.71M | $19.58M | $25.52M | $28.48M | $26.31M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.48M | -$2.45M | $4.78M | -$8.81M | -$40.41M | $22M | -$29.66M | -$14.28M | -$7.97M | $5.17M | -$18.76M | -$8.87M | -$4.21M | $14.62M |
| Income Before Tax (EBT) | $11.53M | $18.58M | $32.12M | $13.98M | -$11.08M | $37.76M | -$8.25M | $10.14M | $14.06M | $28.67M | $5.48M | $16.08M | $19.89M | $42.31M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.48M | $31.44M | $7.44M | $0 | $0 | $0 |
| Net Income | $11.53M | $18.58M | $32.12M | $13.98M | -$11.08M | $37.76M | -$8.25M | $10.14M | $14.06M | $31.44M | $7.44M | $16.08M | $19.89M | $42.31M |
| Net Income Margin | 60.3% | 86.1% | 97.9% | 95.9% | 106.2% | 97.9% | 109.4% | 93.5% | 94.5% | 126.9% | 32.1% | 53.7% | 67.4% | 128.4% |
| Supplementary Data | ||||||||||||||
| EPS | 0.44 | 0.72 | 1.24 | 0.54 | -0.43 | 1.45 | -0.31 | 0.38 | 0.53 | 1.10 | 36233820.00 | 0.60 | 0.75 | 1.60 |
| Diluted EPS | 0.44 | 0.72 | 1.24 | 0.54 | -0.43 | 1.45 | -0.31 | 0.38 | 0.53 | 29272895.00 | 36233820.00 | 0.60 | 0.75 | 1.60 |
| Weighted Average OS | 25.98M | 25.98M | 25.98M | 25.98M | 25.98M | 25.95M | 26.67M | 26.70M | 26.53M | 28.67M | 0.205 | 26.70M | 26.70M | 26.47M |
| EBITDA | $14.02M | $18.58M | $27.35M | $16.72M | $3.48M | $15.76M | $21.42M | $14.88M | $22.03M | $23.51M | $24.24M | $24.95M | $24.11M | $44.12M |
| EBITDA Margin | 73.3% | 86.1% | 83.3% | 114.7% | -33.3% | 40.9% | -284.2% | 137.2% | 148.1% | 94.9% | 104.6% | 83.3% | 81.6% | 133.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $5.99M | $1.05M | $2.18M | $5.48M | $918K | $697K | $46K | $1.18M | $427K | $5.06M | $3.97M | $10.49M | $3.74M | $8.92M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.99M | $1.05M | $2.18M | $5.48M | $918K | $697K | $46K | $1.18M | $427K | $5.06M | $3.97M | $10.49M | $3.74M | $8.92M |
| Accounts Receivable | $20.43M | $8.94M | $21.1M | $2.29M | $14.35M | $15.3M | $5.54M | $26.73M | $20.61M | $29.75M | $18.18M | $21.04M | $46.01M | $32.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $34.17M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | -$21K | $0 | $0 | $0 | $0 | $2K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $107K |
| Total Current Assets | $26.41M | $10.01M | $23.3M | $7.8M | $15.29M | $16.02M | $5.6M | $27.92M | $21.04M | $29.94M | $22.16M | $31.55M | $49.82M | $41.42M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $255.23M | $344.31M | $321.23M | $347.54M | $416.2M | $466.81M | $464.93M | $537.94M | $542.56M | $546.43M | $507.23M | $542.04M | $566.17M | $590.23M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $21K | $346.31M | $3K | -$347.54M | -$416.2M | -$466.81M | -$464.93M | -$537.94M | -$542.56M | -$546.43M | -$507.23M | $2K | $7K | $5K |
| Total Long-Term Assets | $255.26M | $346.31M | $321.24M | $347.54M | $416.2M | $466.81M | $464.93M | $537.94M | $542.56M | $546.43M | $507.23M | $542.04M | $566.17M | $590.24M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $281.67M | $356.33M | $344.54M | $355.34M | $431.49M | $482.82M | $470.53M | $565.86M | $563.6M | $576.37M | $529.39M | $573.59M | $615.99M | $631.66M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $18.2M | $27.1M | $26.42M | $22.18M | $21.16M | $16.67M | $18.66M | $36.25M | $32.36M | $47.92M | $16.79M | $21.21M | $42.17M | $56.07M |
| Short-Term Debt | $7M | $0 | $31M | $48M | $0 | $0 | $0 | $0 | $0 | $146M | $137M | $159M | $174M | $174M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $62K | $67K | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$2K | -$8K | -$136M | -$119M | -$163M | -$122.64M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$7M | $27.45M | -$582K | -$70.18M | -$21.16M | -$16.67M | -$18.66M | -$36.25M | -$33.58M | $0 | $0 | $0 | $0 | $759K |
| Total Current Liabilities | $18.51M | $27.1M | $57.42M | $70.65M | $137.7M | $153.2M | $138.26M | $200.05M | $32.36M | $194.82M | $154.52M | $180.88M | $216.97M | $230.83M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $7M | $54M | $0 | $0 | $0 | $0 | $0 | $0 | $155.64M | $255K | $182K | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $3K | $349K | $2K | $0 | $0 | $0 | $0 | $0 | -$155.64M | $3K | $2K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $7M | $54.35M | $2K | $48.03M | $116M | $136M | $119M | $163M | $155M | $259K | $184K | $0 | $0 | $0 |
| Other Liabilities | $0 | $54M | $582K | -$48M | -$115.92M | -$136M | -$119M | -$162.99M | $1.23M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $25.51M | $81.45M | $58M | $70.68M | $137.77M | $153.21M | $138.27M | $200.06M | $188.59M | $195.08M | $154.7M | $180.88M | $216.97M | $230.83M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $260K | $260K | $260K | $260K | $260K | $260K | $267K | $267K | $267K | $267K | $267K | $267K | $267K | $265K |
| Retained Earnings | -$68M | -$62.06M | -$59.88M | -$68.42M | -$62.06M | -$36.07M | -$59.61M | -$33.38M | $92K | -$151K | -$251K | -$108.73M | -$102.36M | -$98.03M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$28.93M | -$92.4M | -$125.71M | $0 | $0 | $0 |
| Other Stockholders' Equity | $323.9M | $336.67M | $346.16M | $352.82M | $355.52M | $365.43M | $391.61M | $398.92M | $374.66M | $381.18M | $374.67M | $501.16M | $501.11M | $498.59M |
| Total Equity | $256.16M | $274.87M | $286.53M | $284.66M | $293.72M | $329.62M | $332.27M | $365.8M | $375.02M | $381.3M | $374.69M | $392.7M | $399.02M | $400.82M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $281.67M | $356.33M | $344.54M | $355.34M | $431.49M | $482.82M | $470.53M | $565.86M | $563.6M | $576.37M | $529.39M | $573.58M | $615.99M | $631.65M |
| Supplementary Data | ||||||||||||||
| Total Debt | $7M | $54M | $31M | $48.03M | $116M | $136M | $119M | $163M | $155M | $146.26M | $137.18M | $159M | $174M | $174M |
| Net Debt | $1.01M | $52.95M | -$2.18M | $42.55M | $115.08M | $135.3M | $118.95M | $161.82M | $154.57M | $141.2M | $133.21M | $148.51M | $170.26M | $165.08M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-05-31 | 2025-05-31 | 2024-05-31 | 2023-05-31 | 2022-05-31 | 2021-05-31 | 2020-05-31 | 2019-05-31 | 2018-05-31 | 2017-05-31 | 2016-05-31 | 2015-05-31 | 2014-05-31 | 2013-05-31 |
| Operating Activities | ||||||||||||||
| Net Income | $11.53M | $18.58M | $32.12M | $13.98M | -$11.08M | $37.76M | -$8.25M | $10.14M | $14.06M | $28.67M | $5.48M | $16.08M | $19.89M | $42.31M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$126K | -$238K | -$43K | $221K | $165K | -$324K | $581K | $244K | -$64K | $1.48M | $373K | -$550K | -$161K | $111K |
| Inventory | $0 | $0 | $0 | $57K | $19K | $72K | $97K | -$35K | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$39K | $3K | -$10K | -$57K | -$19K | -$72K | -$97K | $35K | -$29K | $75K | -$49K | $0 | $0 | $0 |
| Other Working Capital | -$205K | $21K | $121K | -$70K | $3K | -$64K | -$205K | $18K | -$4K | $5K | $30K | -$81K | -$22K | $3K |
| Total Working Capital Change | -$369K | -$217K | $68K | $151K | $168K | -$388K | $376K | $263K | -$96K | $1.56M | $354K | -$631K | -$183K | $113K |
| Other Non-Cash Items | $5.36M | -$12.25M | $11.75M | $81.47M | $55.96M | -$13.31M | $76.03M | $1.7M | -$2.36M | -$10.51M | $15.52M | $28.7M | -$3.41M | -$44.44M |
| Net Cash from Operating | $16.52M | $6.11M | $43.94M | $95.6M | $45.04M | $24.05M | $68.16M | $12.11M | $11.6M | $21.28M | $21.68M | $44.15M | $16.3M | -$2.01M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$420.97M | -$510.36M | -$675.55M | -$286.36M | -$337.39M | -$493.6M | -$474.13M | -$456.79M | -$715.08M | -$633.87M | -$238.46M | $0 | $0 | $0 |
| Sales of Investments | $486.53M | $496.66M | $696.92M | $362.77M | $368.5M | $504.92M | $524.8M | $449.01M | $708.58M | $621.85M | $255.76M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $65.56M | -$13.7M | $21.37M | $76.42M | $31.11M | $11.32M | $50.67M | -$7.78M | -$6.5M | -$12.02M | $17.3M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $47M | -$23M | $17M | $68M | $20M | -$17M | $44M | -$8M | -$9M | -$9M | $22M | $15M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $169.39M | $366K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$6.66M | -$2.7M | $0 | -$7.87M | -$310K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$30.24M | -$30.24M | -$30.24M | -$23.03M | -$25.19M | -$32.53M | -$24.98M | -$19.36M | -$20.34M | -$22.06M | -$23.49M | -$22.41M | -$24.73M | -$26.43M |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.25M | $33.65M |
| Net Cash from Financing | -$77.24M | -$7.24M | -$47.24M | -$91.03M | -$44.82M | -$23.4M | -$69.29M | -$11.36M | -$11.34M | -$13.06M | -$45.49M | -$37.41M | -$21.48M | $7.22M |
| Forex Effect | -$1.9M | $0 | $0 | -$76.42M | -$31.11M | -$11.32M | -$50.67M | $7.78M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $2.94M | -$1.13M | -$3.31M | $4.57M | $222K | $650K | -$1.13M | $750K | -$4.8M | $1.09M | -$6.52M | $6.75M | -$5.18M | $5.2M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $16.52M | $6.11M | $43.94M | $95.6M | $45.04M | $24.05M | $68.16M | $12.11M | $11.6M | $21.28M | $21.68M | $44.15M | $16.3M | -$2.01M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $16.52M | $6.11M | $43.94M | $95.6M | $45.04M | $24.05M | $68.16M | $12.11M | $11.6M | $21.28M | $21.68M | $44.15M | $16.3M | -$2.01M |
| Cash at Beginning | $3.05M | $2.18M | $5.48M | $918K | $697K | $46K | $1.18M | $427K | $5.06M | $3.97M | $10.49M | $3.74M | $8.92M | $3.71M |
| Cash at End | $5.99M | $1.05M | $2.18M | $5.48M | $918K | $697K | $46K | $1.18M | $261K | $5.06M | $3.97M | $10.49M | $3.74M | $8.92M |