Is First Trust Senior Floating Rate Income Fund II overvalued?

First Trust Senior Floating Rate Income Fund II (FCT) looks fairly valued — trading about 5% below its fair value.

Fairly valued

Price

$9.62

Fair value

$10.14

Current P/E

13.1

Normal P/E

13.8

Market cap

$250.1M

Dividend yield

11.7%

Return on equity

6.8%

Sector

Financial Services

Fair value compares FCT's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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