The First Trust Senior Floating Rate Income Fund II (FCT) is a closed-end investment vehicle focused on fixed income. Administered by First Trust Advisors L.P., this U.S.-domiciled fund primarily invests in American fixed-income markets. Its primary objective is to acquire a portfolio consisting of senior secured corporate loans with variable interest rates. The fund benchmarks its returns against the S&P/LSTA Leveraged Loan Index. Formed on May 25, 2004, the fund formerly operated under the name First Trust/Four Corners Senior Floating Rate Income Fund II.