First Trust/Four Corners Senior Floating Rate Income Fund II (FCT)
Competitors to First Trust/Four Corners Senior Floating Rate Income Fund II (FCT)
BlackRock Floating Rate Income Strategies Fund BGT -7.18%
BlackRock Floating Rate Income Strategies Fund competes with First Trust/Four Corners Senior Floating Rate Income Fund II primarily through its diversified portfolio of floating rate securities. BlackRock's established reputation and extensive experience in managing fixed-income assets provide a competitive edge. The fund's ability to leverage BlackRock's global research and investment strategies allows it to better navigate changing market conditions compared to FCT, making it an attractive choice for income-focused investors.
Eaton Vance Floating-Rate Income Fund EFT -7.65%
Eaton Vance Floating-Rate Income Fund competes head-to-head with FCT by focusing on floating rate loans and securities. Eaton Vance utilizes a disciplined investment approach that considers macroeconomic indicators, offering investors potential higher yields through active management. The firm's long-standing history and broader suite of investment products give it a competitive advantage in attracting a diverse investor base, though FCT remains a strong player in the niche market of senior floating-rate income.
Invesco Floating Rate Income Fund VVR -6.64%
Invesco Floating Rate Income Fund offers direct competition to FCT by focusing on the same sector of floating rate securities to provide capital preservation and income. Invesco leverages its substantial operational resources and a seasoned management team to implement effective investment strategies. While FCT boasts a strong income strategy, Invesco’s reputation for solid risk management and customer service may give it a reputational edge in attracting new investors.
Legg Mason Floating Rate Income Fund
Legg Mason Floating Rate Income Fund offers competitive products in the floating rate income sector and targets the same audience seeking income with lower interest rate risk. Their diversified strategies benefit from Legg Mason's robust investment philosophy and experience in managing high-yield assets, while FCT specializes more narrowly on senior loans. However, Legg Mason’s expansive network may give it an edge in broader market reach and accessibility to various investor cohorts.
Nuveen Floating Rate Income Fund JFR -6.90%
Nuveen Floating Rate Income Fund competes with FCT by targeting similar clientele looking for floating rate income opportunities. The fund capitalizes on the broad range of investment products offered by Nuveen, which enhances the potential for diversification and risk-adjusted returns, appealing to risk-aware investors. Despite being a smaller fund compared to FCT, Nuveen's established track record in alternative fixed-income solutions allows it to carve out its niche in the market.