Is FCT a Friend, Question Mark or Foe?

FCT is classified a Question Mark under the Income Quality Score framework, based on long-duration distribution and total-return history. This is a research classification, not investment advice.

How safe is the FCT distribution?

A Question Mark is an income asset with a mixed or incomplete quality record — some income-quality signals are strong while others are weak, or the available history is too short to classify with confidence. It warrants a closer look rather than a conclusion.

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Public snapshot

FCT Income Quality Score

Name: FCT Income Quality Score
Creator: Income Quality Score
Keywords: FCT income quality, FCT dividend quality, FCT dividend safety, FCT distribution history, FCT dividend score, FCT analysis, First Trust Senior Floating Rate Income Fund II dividend

First Trust Senior Floating Rate Income Fund II (FCT) has an Income Quality Score of 47/100, classified as a Question Mark with high confidence, based on a 10-year income and total-return history.

First Trust Senior Floating Rate Income Fund II (FCT) is a closed-end fund and is part of the IQ Score universe.

July 2026 snapshotAs of June 30, 2026Lookback: 10-year

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Long-term focused10-year income and total-return analysis

Data-drivenObjective scoring across 5 quality, distribution and risk signals

Clear classificationFriends to own. Foes to avoid.

IQ Score

47/100

Question MarkHigh confidence

Asset Type

CEF

Exchange

NYSE

Trailing Yield (TTM)

Not published

No normalized trailing yield is published for closed-end funds in this snapshot.

Rank in CEF Universe

219 of 358

Lookback

10-year

Data as of

June 30, 2026

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About this snapshot
This is the public July 2026 snapshot. Public snapshots are delayed and frozen: once released, a month's scores do not change, and current data is reserved for members. The July 2026 snapshot is published as the public launch snapshot.

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FCTFirst Trust Senior Floating Rate Income Fund II

47Question MarkHigh confidence

Snapshot: 2026-06
Data as of: 2026-06-30
Lookback: 10-year
Asset type: Closed-End Fund

IQ Score History

Reconstructed monthly scores are computed from current data and methodology. Published snapshots are the frozen monthly releases, marked on the line. Where the methodology changed, the line is broken rather than joined across the change.

Signals & Drivers

IQ signal scores

Each signal is normalised to 0–100 and combined by weight into the overall IQ Score.

Economic Payout Coverage

33/100

Working Capital Preservation

64/100

Distribution Cut Score

70/100

Distribution Trend

50/100

NAV CAGR

42/100

What is working

Working capital preserved over time

What to watch

Distributions exceed long-term total return
1–2 years with a material annual distribution decline

Distribution Safety

10Years raised

1Years cut

23Years of data

HeldCurrent trend

High confidence (10-year history)

20040.5342Held
20051.2058Raised
20061.4551Raised
20071.4456Held
20080.9512Lower total
20090.507Lower total
20100.5415Raised
20110.8975Raised
20120.9849Raised
20130.9275Lower total
20140.8467Lower total
20150.885Raised
20160.845Lower total
20170.7948Lower total
20180.727Lower total
20190.8282Raised
20201.1475Raised
20211.1133Lower total
20220.8609Cut
20231.0715Raised
20241.164Raised
20251.164Held
20260.582Partial year

Distributions per year, from the frozen distribution-stability signal. “Lower total” means the calendar-year sum was smaller than the prior year (often a special-distribution rolloff or timing shift), but did not decline more than the engine's 10% material-decline threshold — see Years Cut above for years that did.

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IQ Score is a long-duration quality and distribution-safety classification for income assets. It is research based on historical data, not personal investment advice, and it does not tell you what to buy or sell. Figures reflect a delayed public snapshot and may differ from current data.