FCT (First Trust Senior Floating Rateome Fund II) ROE %: 6.85% (As of Nov. 2025) — 60% Above Median


FCT First Trust Senior Floating Rate Income Fund II FCT
31 GF Score
Price $9.56
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What is First Trust Senior Floating Rateome Fund II ROE %?

First Trust Senior Floating Rateome Fund II FCT -0.42% 31 ROE % is 6.85% as of Nov. 2025, which is 60% above its 10-year median of 4.29. GuruFocus rates FCT with a GF Score™ of 31/100. The stock has 7 warning signs investors should review. Among 1,614 Asset Management companies, First Trust Senior Floating Rateome Fund II ranks worse than 50.87% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. First Trust Senior Floating Rateome Fund II's annualized net income for the quarter that ended in Nov. 2025 was $18.64 Mil. First Trust Senior Floating Rateome Fund II's average Total Stockholders Equity over the quarter that ended in Nov. 2025 was $271.97 Mil. Therefore, First Trust Senior Floating Rateome Fund II's annualized ROE % for the quarter that ended in Nov. 2025 was 6.85%.

The historical rank and industry rank for First Trust Senior Floating Rateome Fund II's ROE % or its related term are showing as below:

FCT' s ROE % Range Over the Past 10 Years
Min: -3.56   Med: 4.29   Max: 11.41
Current: 6.13

During the past 8 years, First Trust Senior Floating Rateome Fund II's highest ROE % was 11.41%. The lowest was -3.56%. And the median was 4.29%.

FCT's ROE % is ranked worse than
50.87% of 1614 companies
in the Asset Management industry
Industry Median: 6.36 vs FCT: 6.13

First Trust Senior Floating Rateome Fund II  (NYSE:FCT) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Nov. 2025 )
=Net Income/Total Stockholders Equity
=18.636/271.97
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.636 / 19.21)*(19.21 / 342.2105)*(342.2105 / 271.97)
=Net Margin %*Asset Turnover*Equity Multiplier
=97.01 %*0.0561*1.2583
=ROA %*Equity Multiplier
=5.44 %*1.2583
=6.85 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Nov. 2025 )
=Net Income/Total Stockholders Equity
=18.636/271.97
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (18.636 / 18.636) * (18.636 / 19.21) * (19.21 / 342.2105) * (342.2105 / 271.97)
= Tax Burden * Pretax Margin % * Asset Turnover * Equity Multiplier
= 1 * 97.01 % * 0.0561 * 1.2583
=6.85 %

Note: The net income data used here is two times the semi-annual (Nov. 2025) net income data. The Revenue data used here is two times the semi-annual (Nov. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.

Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.

First Trust Senior Floating Rateome Fund II ROE % Related Terms

First Trust Senior Floating Rateome Fund II ROE % Historical Data

* Premium members only.

The historical data trend for First Trust Senior Floating Rateome Fund II's ROE % 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.

First Trust Senior Floating Rateome Fund II ROE % Chart

First Trust Senior Floating Rateome Fund II Annual Data
Trend May18 May19 May20 May21 May22 May23 May24 May25
ROE %
Get a 7-Day Free Trial 11.41 -3.56 4.83 11.25 6.62

First Trust Senior Floating Rateome Fund II Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25 Nov25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.36 9.02 7.75 5.42 6.85

FCT vs MMT, MCR, EIC: ROE % Comparison

For the Asset Management subindustry, First Trust Senior Floating Rateome Fund II's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry

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

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


FCT
31GF Score
First Trust Senior Floating Rate Income Fund II FCT
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Trust Senior Floating Rateome Fund II ROE % Calculation

First Trust Senior Floating Rateome Fund II's annualized ROE % for the fiscal year that ended in May. 2025 is calculated as

ROE %=Net Income (A: May. 2025 )/( (Total Stockholders Equity (A: May. 2024 )+Total Stockholders Equity (A: May. 2025 ))/ count )
=18.582/( (286.535+274.872)/ 2 )
=18.582/280.7035
=6.62 %

First Trust Senior Floating Rateome Fund II's annualized ROE % for the quarter that ended in Nov. 2025 is calculated as

ROE %=Net Income (Q: Nov. 2025 )/( (Total Stockholders Equity (Q: May. 2025 )+Total Stockholders Equity (Q: Nov. 2025 ))/ count )
=18.636/( (274.872+269.068)/ 2 )
=18.636/271.97
=6.85 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Nov. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 6.85% mean?
First Trust Senior Floating Rateome Fund II (FCT) has a ROE % of 6.85% as of Nov. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. This is 60% above median its historical median of 4.29. According to the industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #821 out of 1614 companies in the Asset Management industry, placing it in the top 50.9%.
Is First Trust Senior Floating Rateome Fund II's ROE % too high?
First Trust Senior Floating Rateome Fund II's current ROE % of 6.85% is 60% above median its 10-year median of 4.29. The Asset Management industry median ROE % is 6.36. First Trust Senior Floating Rateome Fund II's value of 6.85% is 7.7% above this industry median. Based on the distribution chart, First Trust Senior Floating Rateome Fund II ranks #821 out of 1614 companies in the Asset Management industry, which is below the industry midpoint. Overall, First Trust Senior Floating Rateome Fund II has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does First Trust Senior Floating Rateome Fund II's ROE % compare to MMT and MCR?
According to the Asset Management industry distribution chart, First Trust Senior Floating Rateome Fund II ranks #821 out of 1614 companies for ROE %. This places First Trust Senior Floating Rateome Fund II in the lower half of its industry. The industry median ROE % is 6.36. First Trust Senior Floating Rateome Fund II's value of 6.85% is 7.7% above this benchmark. While the company's 10-year median is 4.29 vs. the industry median of 6.36, First Trust Senior Floating Rateome Fund II has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.36, based on 1,614 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Trust Senior Floating Rateome Fund II's current ROE % of 6.85% is 7.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on First Trust Senior Floating Rateome Fund II and its competitors. For the Asset Management industry, the median ROE % is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Trust Senior Floating Rateome Fund II's current ROE % is 6.85%, which is 60% above median its own 10-year median of 4.29. 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 ROE % of 6.85%. The current ROE % is 6.85%, which is 60% above median its 10-year median of 4.29 and 7.7% above the Asset Management industry median of 6.36. First Trust Senior Floating Rateome Fund II's overall GF Score™ is 31/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For First Trust Senior Floating Rateome Fund II (FCT), the current ROE % is 6.85% as of Nov. 2025. 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.
31GF Score

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

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