Fund Description: First Trust Senior Floating Rate Income Fund II, formerly the First Trust/Four Corners Senior Floating Rate Income Fund II, is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund's primary investment objective is to seek a high level of current income. As a secondary objective, the Fund will attempt to preserve capital. FUND STRATEGY: The Fund will invest at least 80% of its managed assets in senior secured floating-rate corporate loans. The Fund invests in various industries, including media, healthcare providers and services, oil and gas, commercial services and supplies, electric utilities, information technology (IT) consulting and services, aerospace and defense, and hotels, restaurants and leisure. FUND MANAGEMENT: The Fund’s investment advisor is First Trust Advisors L.P. Its sub-advisor is Four Corners Capital Management, LLC.