First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Total Assets : $366.64 Mil (As of Nov. 2023)

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What is First Trust Senior Floating Rateome Fund II Total Assets?

First Trust Senior Floating Rateome Fund II's Total Assets for the quarter that ended in Nov. 2023 was $366.64 Mil.

During the past 12 months, First Trust Senior Floating Rateome Fund II's average Total Assets Growth Rate was -0.70% per year. During the past 3 years, the average Total Assets Growth Rate was -9.40% per year. During the past 5 years, the average Total Assets Growth Rate was -8.70% per year.

During the past 6 years, First Trust Senior Floating Rateome Fund II's highest 3-Year average Total Assets Growth Rate was -5.00%. The lowest was -9.40%. And the median was -8.60%.

Total Assets is connected with ROA %. First Trust Senior Floating Rateome Fund II's annualized ROA % for the quarter that ended in Nov. 2023 was 10.61%. Total Assets is also linked to Revenue through Asset Turnover. First Trust Senior Floating Rateome Fund II's Asset Turnover for the quarter that ended in Nov. 2023 was 0.05.

First Trust Senior Floating Rateome Fund II Total Assets Historical Data

The historical data trend for First Trust Senior Floating Rateome Fund II's Total Assets can be seen below:

* 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.

* Premium members only.

First Trust Senior Floating Rateome Fund II Total Assets Chart

First Trust Senior Floating Rateome Fund II Annual Data

Trend

May18

May19

May20

May21

May22

May23

Total Assets

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565.87

470.53

482.82

431.49

355.34

First Trust Senior Floating Rateome Fund II Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Total Assets	Get a 7-Day Free Trial								464.65	431.49	372.16	355.34	366.64

First Trust Senior Floating Rateome Fund II Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

First Trust Senior Floating Rateome Fund II's Total Assets for the fiscal year that ended in May. 2023 is calculated as

Total Assets	=	Total Equity (A: May. 2023 )	+	Total Liabilities (A: May. 2023 )
	=	284.657	+	70.68
	=	355.34

First Trust Senior Floating Rateome Fund II's Total Assets for the quarter that ended in Nov. 2023 is calculated as

Total Assets	=	Total Equity (Q: Nov. 2023 )	+	Total Liabilities (Q: Nov. 2023 )
	=	288.683	+	77.958
	=	366.64

First Trust Senior Floating Rateome Fund II (NYSE:FCT) Total Assets Explanation

Total Assets is connected with ROA %.

First Trust Senior Floating Rateome Fund II's annualized ROA % for the quarter that ended in Nov. 2023 is

ROA %	=	Net Income (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
	=	38.296	/	( (355.337	+	366.641)	/ 2 )
	=	38.296	/	360.989
	=	10.61 %

Note: The Net Income data used here is two times the semi-annual (Nov. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

First Trust Senior Floating Rateome Fund II's Asset Turnover for the quarter that ended in Nov. 2023 is

	Asset Turnover
=	Revenue (Q: Nov. 2023 )	/	( (Total Assets (Q: May. 2023 )	+	Total Assets (Q: Nov. 2023 ))	/ count )
=	19.437	/	( (355.337	+	366.641)	/ 2 )
=	19.437	/	360.989
=	0.05

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

First Trust Senior Floating Rateome Fund II Total Assets Related Terms

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First Trust Senior Floating Rateome Fund II (First Trust Senior Floating Rateome Fund II) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust Senior Floating Rate Income Fund II (NYSE:FCT) » Definitions » Total Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187

Website

https://www.ftportfolios.com

First Trust Senior Floating Rate Income Fund II is the United States based diversified, closed-end management investment company. Its investment objective is to seek a high level of current income. As a secondary objective, the fund attempts to preserve capital. The fund seeks to achieve the objectives by investing primarily in a portfolio of senior floating-rate loan interests. Its portfolio of investments consists of aerospace and defense, agricultural products, broadcasting, cable and satellite, electric utilities and other sectors.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer-Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer-Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Orlando Purpura	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Jeffrey M Scott	other: Portfolio Manager	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Housey William A Jr	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott D Fries	other: Officer of Advisor, Port. Mgr.	FIRST TRUST ADVISORS L.P., 120 E. LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James A Bowen	director, officer: President	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
David Mcgarel	other: Officer of the Adviser	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Shane Shannon	officer: Assistant Secretary	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
Katherine L Urevig	officer: Assistant Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187