First Trust Strategic High Fund II (First Trust Strategic High Fund II) Scaled Net Operating Assets : (As of Oct. 2017)

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What is First Trust Strategic High Fund II Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Trust Strategic High Fund II's operating assets for the quarter that ended in Oct. 2017 was $ Mil. First Trust Strategic High Fund II's operating liabilities for the quarter that ended in Oct. 2017 was $ Mil. First Trust Strategic High Fund II's Total Assets for the quarter that ended in . 20 was $ Mil. Therefore, First Trust Strategic High Fund II's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2017 was .

First Trust Strategic High Fund II Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Trust Strategic High Fund II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Oct. 2017 )
=	(Operating Assets (A: Oct. 2017 )	-	Operating Liabilities (A: Oct. 2017 ))	/	Total Assets (A: . 20 )
=	(	-	)	/
=

where

	Operating Assets		(A: Oct. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=		-
=

	Operating Liabilities		(A: Oct. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=		-		-
=

First Trust Strategic High Fund II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2017 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Oct. 2017 )
=	(Operating Assets (Q: Oct. 2017 )	-	Operating Liabilities (Q: Oct. 2017 ))	/	Total Assets (Q: . 20 )
=	(	-	)	/
=

where

	Operating Assets		(Q: Oct. 2017 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=		-
=

	Operating Liabilities		(Q: Oct. 2017 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=		-		-
=

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Trust Strategic High Fund II Scaled Net Operating Assets Related Terms

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First Trust Strategic High Fund II (First Trust Strategic High Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Strategic High Inc Fund II (NYSE:FHY) » Definitions » Scaled Net Operating Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ftportfolios.com

First Trust Strategic High Inc Fund II is a diversified, closed-end management investment company. The investment objective of the the fund is to seek a high level of current income. The fund seeks capital growth as a secondary objective.

Executives

Shane Shannon	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Donald Swade	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Rosanne Gatta	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY STREET, SUITE 400, WHEATON IL 60187
Mark Shipley	other: Officer-Investment Sub-Advisor	C/O BROOKFIELD INVESTMENT MANAGEMENT INC, BROOKFIELD PLACE, 250 VESEY ST, 15TH FL, NEW YORK NY 10281-1023
Dana Erikson	other: Portfolio Manager-Sub-Advisor	HYPERION BROOKFIELD ASSET MGMT., INC., 3 WFC, 200 VESEY STREET, 10TH FLOOR, NEW YORK NY 10281-1010
Anthony A. Breaks	other: Portfolio Manager-Sub-Advisor	C/O BROOKFIELD INVESTMENT MGMT. INC, BROOKFIELD, 250 VESEY STREET, 15TH FLOOR, NEW YORK NY 10281-1023
Brookfield Investment Management Inc.	other: Investment Sub-Advisor	BROOKFIELD PLACE, 225 LIBERTY STREET, 43RD FLOOR, NEW YORK NY 10281
Erin E Klassman	officer: Assistant Secretary	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, WHEATON IL 60187
Lynch Coleen D	officer: Assistant Vice President	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kathleen Wieland Brown	other: Officer-Investment Adviser	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Christopher R Fallow	officer: Assistant Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelley Christensen	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532
Joseph D Mcdermott	other: Officer-Investment Adviser	FIRST TRUST ADVISORS L.P., 1001 WARRENVILLE ROAD, SUITE 300, LISLE IL 60532
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187