FCT (First Trust Senior Floating Rateome Fund II) Moat Score: 3/10 (As of Jul. 18, 2026)

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FCT First Trust Senior Floating Rate Income Fund II FCT
24 GF Score
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What is First Trust Senior Floating Rateome Fund II Moat Score?

First Trust Senior Floating Rateome Fund II FCT 24 Moat Score is 3 as of Jul. 18, 2026. GuruFocus rates FCT with a GF Score™ of 24/100. The stock has 7 warning signs investors should review. Among 1,694 Asset Management companies, First Trust Senior Floating Rateome Fund II ranks better than 90.67% on this metric.

First Trust Senior Floating Rateome Fund II has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

First Trust Senior Floating Rateome Fund II has No Moat: The fund operates in a competitive financial services sector with limited differentiation. It lacks strong brand strength, network effects, or significant customer switching costs. The fund's performance is largely dependent on market conditions, offering no durable competitive advantage.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Trust Senior Floating Rateome Fund II might have No Moat - Very weak/transient advantages.

First Trust Senior Floating Rateome Fund II  (NYSE:FCT) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Trust Senior Floating Rateome Fund II Moat Score Related Terms

FCT vs GLO, ERC, CPZ: Moat Score Comparison

For the Asset Management subindustry, First Trust Senior Floating Rateome Fund II's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Trust Senior Floating Rateome Fund II Moat Score vs Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust Senior Floating Rateome Fund II's Moat Score distribution charts can be found below:

* The bar in red indicates where First Trust Senior Floating Rateome Fund II's Moat Score falls into.


FCT
24GF Score
First Trust Senior Floating Rate Income Fund II FCT
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
First Trust Senior Floating Rateome Fund II (FCT) has a Moat Score of 3 as of Jul. 18, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #158 out of 1694 companies in the Asset Management industry, placing it in the top 9.3%.
Is First Trust Senior Floating Rateome Fund II's Moat Score too high?
First Trust Senior Floating Rateome Fund II's current Moat Score is 3. Based on the distribution chart, First Trust Senior Floating Rateome Fund II ranks #158 out of 1694 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, First Trust Senior Floating Rateome Fund II has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's Moat Score compare to GLO and ERC?
According to the Asset Management industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #158 out of 1694 companies for Moat Score. This places First Trust Senior Floating Rateome Fund II in the top 9% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for an Asset Management company?
A good Moat Score depends on the Asset Management industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. First Trust Senior Floating Rateome Fund II's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Trust Senior Floating Rateome Fund II stock overvalued right now?
First Trust Senior Floating Rateome Fund II (FCT) has a current Moat Score of 3. The current Moat Score is 3. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 24/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Trust Senior Floating Rateome Fund II (FCT), the current Moat Score is 3 as of Jul. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

First Trust Senior Floating Rateome Fund II Business Description

Address 120 East Liberty Drive, Suite 400, Wheaton, IL, USA, 60187
First Trust Senior Floating Rate Income Fund II is a 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, it attempts to preserve capital. The fund invests in a portfolio of senior secured floating-rate corporate loans (Senior Loans) of companies from different industries, such as Insurance, Software, Health Care Providers and Services, Professional Services, Health Care Technology, IT Services, and others.
24GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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