NPORT-EX 2 FT30FT103122.htm

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) – 109.7%
		Aerospace & Defense – 0.5%
$1,368,865		Peraton Corp., Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.27%		02/01/28		$1,327,799
		Application Software – 21.3%
1,531,255		ConnectWise, LLC, Term Loan B, 3 Mo. LIBOR + 3.50%, 0.50% Floor		5.75%		09/30/28		1,485,792
5,131,191		Epicor Software Corp., First Lien Term Loan C, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.77%		07/30/27		4,971,919
82,668		Flexera Software, LLC, 2020 Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor		5.37%		01/26/28		79,819
3,394,470		Gainwell Acquisition Corp. (fka Milano), Term Loan B, 3 Mo. LIBOR + 4.00%, 0.75% Floor		6.25%		10/01/27		3,311,746
6,264,649		Greeneden U.S. Holdings II, LLC (Genesys Telecommunications Laboratories, Inc.), Initial Dollar Term Loan, 1 Mo. LIBOR + 4.00%, 0.75% Floor		6.52%		12/01/27		6,148,315
611,678		Hyland Software, Inc., 2nd Lien Term Loan, 1 Mo. LIBOR + 6.25%, 0.75% Floor		8.77%		07/10/25		600,974
8,756,435		Hyland Software, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.75% Floor		6.02%		07/01/24		8,634,458
717,221		Imprivata, Inc., Term Loan B, 1 Mo. LIBOR + 3.75%, 0.50% Floor		6.27%		11/30/27		697,613
4,508,469		Internet Brands, Inc. (Web MD/MH Sub I., LLC), 2020 June New Term Loan, 1 Mo. LIBOR + 3.75%, 1.00% Floor		6.27%		09/15/24		4,392,015
1,265,863		Internet Brands, Inc. (Web MD/MH Sub I., LLC), 2nd Lien Term Loan, 1 Mo. SOFR + 6.25%, 0.00% Floor		8.71%		02/23/29		1,211,431
8,488,027		Internet Brands, Inc. (Web MD/MH Sub I., LLC), Initial Term Loan, 1 Mo. LIBOR + 3.75%, 0.00% Floor		6.27%		09/13/24		8,266,150
280,595		ION Trading Technologies Limited, Term Loan B, 3 Mo. LIBOR + 4.75%, 0.00% Floor		7.00%		04/01/28		272,410
4,817,357		LogMeIn, Inc. (GoTo Group, Inc.), Term Loan B, 1 Mo. LIBOR + 4.75%, 0.00% Floor		7.12%		08/31/27		3,738,269
2,183,030		McAfee Corp. (Condor Merger Sub, Inc.), Term Loan B, 1 Mo. SOFR + 3.85%, 0.50% Floor		6.16%		02/28/29		2,065,692
991,002		Micro Focus International (MA Financeco, LLC), Term Loan B4, 3 Mo. LIBOR + 4.25%, 1.00% Floor		5.92%		06/05/25		976,761
362,086		N-Able, Inc., Term Loan B, 3 Mo. LIBOR + 3.00%, 0.50% Floor		6.07%		07/19/28		351,223
912,941		RealPage, Inc., Second Lien Term Loan, 1 Mo. LIBOR + 6.50%, 0.75% Floor		9.02%		04/22/29		886,694
5,745,961		RealPage, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor		5.52%		04/24/28		5,520,087
7,787,799		SolarWinds Holdings, Inc., Initial Term Loan, 1 Mo. LIBOR + 2.75%, 0.00% Floor		5.27%		02/05/24		7,651,513
490,028		Solera Holdings, Inc. (Polaris Newco), Term Loan B, 1 Mo. LIBOR + 4.00%, 0.50% Floor		6.52%		06/04/28		469,633
215,665		TIBCO Software, Inc., Term Loan B-3, 1 Mo. LIBOR + 3.75%, 0.00% Floor		6.28%		06/30/26		214,371
233,137		Ultimate Kronos Group (UKG, Inc.), 2021 Term Loan, 3 Mo. LIBOR + 3.25%, 0.50% Floor		5.54%		05/03/26		225,518
								62,172,403
		Asset Management & Custody Banks – 2.3%
3,799,005		Edelman Financial Engines Center, LLC, Term Loan B, 1 Mo. LIBOR + 3.50%, 0.75% Floor		6.02%		04/07/28		3,638,915
3,248,900		Edelman Financial Engines Center, LLC, Term Loan Second Lien, 1 Mo. LIBOR + 6.75%, 0.00% Floor		9.27%		07/20/26		2,967,318
								6,606,233

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Auto Parts & Equipment – 0.3%
$547,253		Clarios Global LP (Power Solutions), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		04/30/26		$531,930
520,692		Truck Hero, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.75% Floor		6.02%		01/31/28		472,705
								1,004,635
		Broadcasting – 3.4%
372,937		E.W. Scripps Company, Tranche B-3 Term Loan, 1 Mo. LIBOR + 2.75%, 0.75% Floor		5.27%		01/07/28		367,142
3,101,009		iHeartCommunications, Inc., Second Amendment Incremental Term Loan B, 1 Mo. LIBOR + 3.25%, 0.50% Floor		5.77%		05/01/26		2,994,024
6,199,070		iHeartCommunications, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.00% Floor		5.52%		05/01/26		5,983,218
21,120		Univision Communications, Inc., 2017 Replacement Repriced First Lien Term Loan C-5, 1 Mo. LIBOR + 2.75%, 1.00% Floor		5.27%		03/15/24		21,041
520,858		Univision Communications, Inc., 2021 Replacement New First Lien Term Loan, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.77%		03/15/26		508,024
								9,873,449
		Building Products – 0.1%
265,486		Hunter Douglas, Inc. (Solis), Term Loan B, 3 Mo. SOFR + 3.50%, 0.50% Floor		6.34%		02/28/29		231,371
		Cable & Satellite – 2.3%
4,660,042		Cablevision (aka CSC Holdings, LLC), March 2017 Term Loan B-1, 1 Mo. LIBOR + 2.25%, 0.00% Floor		4.64%		07/17/25		4,505,702
2,269,865		Radiate Holdco, LLC (Astound), Inc. Amendment No. 6 Term Loan, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.77%		09/25/26		2,161,774
								6,667,476
		Casinos & Gaming – 1.7%
4,911,034		Golden Nugget, Inc. (Fertitta Entertainment, LLC), Initial Term Loan B, 1 Mo. SOFR + 4.00%, 0.50% Floor		6.46%		01/27/29		4,712,137
217,409		Scientific Games Holdings LP (Scientific Games Lottery), Initial Dollar Term Loan, 3 Mo. SOFR + 3.50%, 0.50% Floor		5.62%		04/04/29		209,106
								4,921,243
		Coal & Consumable Fuels – 0.0%
39,996		Arch Coal, Inc., Term Loan B, 1 Mo. LIBOR + 2.75%, 1.00% Floor		5.27%		03/07/24		39,471
		Communications Equipment – 0.3%
857,272		Commscope, Inc., Term Loan B, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		04/06/26		820,573
		Data Processing & Outsourced Services – 0.1%
200,711		Paysafe Holdings (US) Corp., Facility B1 Loan, 2 Mo. LIBOR + 2.75%, 0.50% Floor		5.27%		06/24/28		187,163
		Education Services – 0.5%
1,475,616		Ascensus Holdings, Inc. (Mercury), First Lien Term Loan, 1 Mo. LIBOR + 3.50%, 0.50% Floor		5.81%		08/02/28		1,422,125
		Electric Utilities – 2.4%
7,193,907		PG&E Corp., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor		5.56%		06/23/25		7,045,568

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Electronic Equipment & Instruments – 0.7%
$1,371,489		Chamberlain Group, Inc. (Chariot), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		11/03/28		$1,302,914
872,355		Verifone Systems, Inc., Term Loan B, 3 Mo. LIBOR + 4.00%, 0.00% Floor		7.00%		08/20/25		803,657
								2,106,571
		Environmental & Facilities Services – 0.7%
2,094,507		Packers Holdings, LLC (PSSI), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.63%		03/15/28		1,980,880
		Health Care Distributors – 0.4%
1,263,750		Huntsworth/UDG (Hunter Holdco 3 Limited), Term Loan B, 3 Mo. LIBOR + 4.25%, 0.50% Floor		6.50%		08/19/28		1,235,316
		Health Care Equipment – 0.0%
86,616		Embecta Corp., Initial Term Loan, 3 Mo. SOFR + 3.00%, 0.50% Floor		5.05%		03/31/29		84,523
		Health Care Facilities – 0.3%
496,524		Ardent Health Services, Inc. (AHP Health Partners, Inc.), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		08/24/28		476,817
368,358		WP CityMD Bidco., LLC (Summit Health), Second Amendment Refi TL, 3 Mo. LIBOR + 3.25%, 0.50% Floor		5.50%		12/23/28		358,894
								835,711
		Health Care Services – 8.5%
2,996,445		ADMI Corp. (Aspen Dental), 2020 Incremental Term Loan B2, 1 Mo. LIBOR + 3.38%, 0.50% Floor		5.90%		12/23/27		2,756,190
2,518,347		ADMI Corp. (Aspen Dental), 2021 Incremental Term Loan B3, 1 Mo. LIBOR + 3.75%, 0.50% Floor		6.27%		12/23/27		2,349,946
773,918		Aveanna Healthcare, LLC, 2021 Term Loan B, 1 Mo. LIBOR + 3.75%, 0.50% Floor		6.12%		07/15/28		664,927
181,341		Aveanna Healthcare, LLC, Delayed Draw Term Loan, 1 Mo. LIBOR + 3.75%, 0.50% Floor		6.12%		07/15/28		155,803
1,068,721		Brightspring Health (Phoenix Guarantor, Inc.), Incremental Term Loan B-3, 1 Mo. LIBOR + 3.50%, 0.00% Floor		5.94%		03/05/26		1,032,919
3,297,947		CHG Healthcare Services, Inc, Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor		4.75%		09/30/28		3,210,353
545,738		Envision Healthcare Corporation, First Out Facility, 3 Mo. SOFR + 7.88%, 1.00% Floor		10.53%		03/31/27		521,180
3,235,908		Envision Healthcare Corporation, Second Out Facility, 3 Mo. SOFR + 4.25%, 1.00% Floor		6.83%		03/31/27		1,617,954
1,520,615		Envision Healthcare Corporation, Third Out Facility, 3 Mo. SOFR + 3.75%, 1.00% Floor		6.33%		03/31/27		372,551
2,628,626		ExamWorks Group, Inc. (Electron Bidco), Term Loan B, 1 Mo. LIBOR + 3.00%, 0.50% Floor		5.52%		10/29/28		2,558,810
1,995,359		Global Medical Response, Inc. (fka Air Medical), 2021 Refinancing Term Loan, 1 Mo. LIBOR + 4.25%, 1.00% Floor		6.62%		10/02/25		1,821,383
859,900		Medical Solutions, LLC (Reverb), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.50% Floor		6.38%		10/31/28		837,328
1,428,095		Packaging Coordinators, Inc. (PCI Pharma), Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor		6.00%		11/30/27		1,388,380
1,452,072		Radnet Management, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor		5.49%		04/22/28		1,407,900
190,962		SCP Health (Onex TSG Intermediate Corp.), Term Loan B, 1 Mo. LIBOR + 4.75%, 0.75% Floor		7.27%		02/28/28		168,046

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Health Care Services (Continued)
$844,694		Sevita (National Mentor Holdings, Inc.), Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.28%		03/01/28		$713,766
1,048,471		Sevita (National Mentor Holdings, Inc.), Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor		6.01%		03/01/28		885,958
60,213		Sevita (National Mentor Holdings, Inc.), Term Loan C, 3 Mo. LIBOR + 3.75%, 0.75% Floor		6.01%		03/01/28		50,880
555,862		Surgery Centers Holdings, Inc., 2021 Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.14%		08/31/26		538,591
1,775,446		U.S. Anesthesia Partners Intermediate Holdings, Inc., New Term Loan B, 1 Mo. LIBOR + 4.25%, 0.50% Floor		6.62%		09/30/28		1,700,167
								24,753,032
		Health Care Supplies – 2.1%
6,355,083		Medline Borrower, LP (Mozart), Initial Dollar Term Loan, 1 Mo. LIBOR + 3.25%, 0.50% Floor		5.77%		10/21/28		6,052,073
		Health Care Technology – 15.7%
4,687,283		athenahealth, Inc. (Minerva Merger Sub, Inc.), Term Loan B, 1 Mo. SOFR + 3.50%, 0.50% Floor		5.80%		02/15/29		4,476,356
10,443,858		Change Healthcare Holdings, LLC, Closing Date Term Loan, 1 Mo. LIBOR + 2.50%, 1.00% Floor		5.02%		03/01/24		10,369,915
3,902,659		Ciox Health (Healthport/CT Technologies Intermediate Holdings, Inc.), New Term Loan B, 1 Mo. LIBOR + 4.25%, 0.75% Floor		6.77%		12/16/25		3,701,438
2,423,395		Ensemble RCM, LLC (Ensemble Health), Term Loan B, 3 Mo. LIBOR + 3.75%, 0.00% Floor		6.56%		08/01/26		2,363,319
997,500		FINThrive (MedAssets Software Intermediate Holdings, Inc.), Term Loan B, 1 Mo. LIBOR + 4.00%, 0.50% Floor		6.49%		12/17/28		958,847
2,272,294		Mediware (Wellsky/Project Ruby Ultimate Parent Corp.), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.77%		03/10/28		2,200,921
907,243		Navicure, Inc. (Waystar Technologies, Inc.), Term Loan B, 1 Mo. LIBOR + 4.00%, 0.00% Floor		6.52%		10/23/26		886,449
2,662,987		Press Ganey (Azalea TopCo, Inc.), Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor		6.02%		07/25/26		2,547,147
10,976,000		Verscend Technologies, Inc. (Cotiviti), New Term Loan B-1, 1 Mo. LIBOR + 4.00%, 0.00% Floor		6.52%		08/27/25		10,882,265
7,667,143		Zelis Payments Buyer, Inc., New Term Loan B-1, 1 Mo. LIBOR + 3.50%, 0.00% Floor		5.87%		09/30/26		7,477,841
								45,864,498
		Hotels, Resorts & Cruise Lines – 0.2%
717,745		Alterra Mountain Company, Term Loan B-2, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		08/17/28		697,110
		Household Appliances – 0.2%
677,143		Traeger Grills (TGP Holdings III, LLC), Term Loan B, 1 Mo. LIBOR + 3.25%, 0.75% Floor		5.77%		06/24/28		538,715
		Industrial Machinery – 0.3%
255,972		Filtration Group Corporation, 2021 Incremental Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		10/21/28		248,805
620,225		TK Elevator Newco GMBH (Vertical U.S. Newco, Inc.), New Term Loan B1 (USD), 6 Mo. LIBOR + 3.50%, 0.50% Floor		6.87%		07/31/27		601,233
								850,038

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Insurance Brokers – 14.9%
$4,521,602		Alliant Holdings I, LLC, 2019 New Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		05/10/25		$4,421,765
7,563,043		Alliant Holdings I, LLC, Initial Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		05/09/25		7,404,673
2,553,733		Alliant Holdings I, LLC, TLB-4 New Term Loan, 1 Mo. LIBOR + 3.50%, 0.50% Floor		5.88%		11/06/27		2,482,228
476,659		AssuredPartners, Inc., 2021 Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		02/13/27		462,507
1,823,067		AssuredPartners, Inc., Incremental Term Loan 2022, 1 Mo. SOFR + 4.00%, 0.50% Floor		6.46%		02/13/27		1,771,219
6,462,040		AssuredPartners, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.00% Floor		6.02%		02/12/27		6,277,872
2,793,778		BroadStreet Partners, Inc., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.00% Floor		5.52%		01/27/27		2,705,467
35,901		HUB International Limited, Initial Term Loan B, 2 Mo. LIBOR + 3.00%, 0.00% Floor		5.55%		04/25/25		35,108
13,749,986		HUB International Limited, Initial Term Loan B, 3 Mo. LIBOR + 3.00%, 0.00% Floor		5.77%		04/25/25		13,446,386
965,501		HUB International Limited, New Term Loan B-3, 3 Mo. LIBOR + 3.25%, 0.75% Floor		5.78%-5.98%		04/25/25		949,715
454,908		Ryan Specialty Group, LLC, Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor		5.56%		09/01/27		448,085
3,061,270		USI, Inc. (fka Compass Investors, Inc.), Term Loan B, 3 Mo. LIBOR + 3.00%, 0.00% Floor		5.25%		05/15/24		3,022,362
								43,427,387
		Integrated Telecommunication Services – 2.6%
948,489		Frontier Communications Corp., Term Loan B, 3 Mo. LIBOR + 3.75%, 0.75% Floor		6.06%		10/08/27		916,951
3,387,769		Numericable (Altice France SA or SFR), Term Loan B-11, 3 Mo. LIBOR + 2.75%, 0.00% Floor		5.56%		07/31/25		3,270,247
1,079,542		Zayo Group Holdings Inc., Incremental Term Loan B-2, 1 Mo. SOFR + 4.25%, 0.50% Floor		6.71%		03/09/27		1,012,265
2,651,385		Zayo Group Holdings Inc., Initial Dollar Term Loan, 1 Mo. LIBOR + 3.00%, 0.00% Floor		5.52%		03/09/27		2,411,117
								7,610,580
		Managed Health Care – 1.4%
4,237,451		Multiplan Inc (MPH), Term Loan B, 3 Mo. LIBOR + 4.25%, 0.50% Floor		7.32%		08/31/28		3,999,857
		Metal & Glass Containers – 0.5%
482,974		Altium Packaging, LLC (FKA Consolidated Container), Term Loan B, 1 Mo. LIBOR + 2.75%, 0.50% Floor		5.28%		02/03/28		466,978
1,137,090		PODS, LLC, Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor		5.52%		03/31/28		1,098,713
								1,565,691
		Movies & Entertainment – 1.3%
599,310		Cineworld Group PLC (Crown), New Priority Term Loan, 6 Mo. LIBOR + 8.25%, 1.00% Floor		10.08%		05/23/24		634,520
1,124,325		Cineworld Group PLC (Crown), Priority Term Loan B-1, Fixed Rate at 15.25% (d)		15.25%		05/23/24		1,292,445
3,120,518		Cineworld Group PLC (Crown), Term Loan B, 6 Mo. LIBOR + 2.50%, 1.00% Floor		4.00%		02/28/25		1,997,662
								3,924,627

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Office Services & Supplies – 0.1%
$416,332		Dun & Bradstreet Corp., Refinancing Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.74%		02/08/26		$404,050
		Paper Packaging – 3.2%
4,681,401		Graham Packaging Company, L.P., Term Loan B, 1 Mo. LIBOR + 3.00%, 0.75% Floor		5.52%		08/04/27		4,564,366
1,602,506		Pactiv LLC/Evergreen Packaging, LLC (fka Reynolds Group Holdings), Term Loan B-2, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		02/05/26		1,561,114
3,357,290		Pactiv LLC/Evergreen Packaging, LLC (fka Reynolds Group Holdings), Tranche B-3 U.S. Term Loan, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		09/20/28		3,261,372
								9,386,852
		Pharmaceuticals – 4.2%
141,247		Akorn, Inc., Exit Take Back Term Loan, 3 Mo. LIBOR + 7.50%, 1.00% Floor (e)		9.78%		09/30/25		135,127
975,000		Azurity Pharmaceuticals, Inc., Term Loan B, 3 Mo. LIBOR + 6.00%, 0.75% Floor		8.31%		09/20/27		867,750
2,365,282		Jazz Pharmaceuticals, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		05/05/28		2,317,125
4,225,839		Nestle Skin Health (Sunshine Lux VII SARL/Galderma), 2021 Term Loan B-3, 3 Mo. LIBOR + 3.75%, 0.75% Floor		6.00%		10/02/26		4,064,750
5,157,034		Parexel International Corp. (Phoenix Newco), First Lien Term Loan, 1 Mo. LIBOR + 3.25%, 0.50% Floor		5.77%		11/15/28		5,015,215
								12,399,967
		Research & Consulting Services – 2.0%
4,327,599		Clarivate Analytics PLC (Camelot), Amendment No. 2 Incremental Term Loan, 1 Mo. LIBOR + 3.00%, 1.00% Floor		5.52%		10/31/26		4,208,590
978,272		Corelogic, Inc., Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.06%		06/02/28		837,645
387,814		J.D. Power (Project Boost Purchaser, LLC), 2021 Incremental Term Loan B, 1 Mo. LIBOR + 3.50%, 0.50% Floor		6.02%		05/26/26		375,455
334,883		Veritext Corporation (VT TopCo, Inc.), Non-Fungible 1st Lien Term Loan, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.27%		08/10/25		327,348
								5,749,038
		Restaurants – 4.0%
639,311		1011778 B.C. Unlimited Liability Company (Restaurant Brands) (aka Burger King/Tim Horton’s), Term Loan B-4, 1 Mo. LIBOR + 1.75%, 0.00% Floor		4.27%		11/14/26		619,997
1,970,000		IRB Holding Corp. (Arby’s/Inspire Brands), New Term Loan B 2022, 1 Mo. SOFR + 3.15%, 0.75% Floor		5.44%		12/15/27		1,903,099
5,568,193		IRB Holding Corp. (Arby’s/Inspire Brands), Term Loan B, 1 Mo. LIBOR + 2.75%, 1.00% Floor		5.27%		02/05/25		5,445,248
3,890,000		Portillo’s Holdings, LLC, Term Loan B-3, 1 Mo. LIBOR + 5.50%, 1.00% Floor		8.02%		08/30/24		3,839,741
								11,808,085
		Security & Alarm Services – 0.2%
549,406		Garda World Security Corporation, Term Loan B, 3 Mo. LIBOR + 4.25%, 0.00% Floor		7.24%		10/30/26		533,155

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Rate (a)		Stated Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Specialized Consumer Services – 0.8%
$928,758		Asurion, LLC, New B-8 Term Loan, 1 Mo. LIBOR + 3.25%, 0.00% Floor		5.77%		12/23/26		$849,154
1,698,479		Asurion, LLC, Second Lien Term Loan B-3, 1 Mo. LIBOR + 5.25%, 0.00% Floor		7.77%		01/31/28		1,452,199
								2,301,353
		Specialized Finance – 0.8%
853,661		WCG Purchaser Corp. (WIRB- Copernicus Group), Term Loan B, 1 Mo. LIBOR + 4.00%, 1.00% Floor		6.52%		01/08/27		832,320
1,415,263		WCG Purchaser Corp. (WIRB- Copernicus Group), Term Loan B, 3 Mo. LIBOR + 4.00%, 1.00% Floor		6.25%		01/08/27		1,379,881
								2,212,201
		Specialty Stores – 1.5%
225,371		Bass Pro Group, LLC (Great Outdoors Group, LLC), Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.27%		03/05/28		217,709
3,183,167		Petco Health and Wellness Company, Inc., Initial Term Loan B, 3 Mo. LIBOR + 3.25%, 0.75% Floor		5.50%		03/03/28		3,081,719
1,077,349		Petsmart, Inc., Initial Term Loan B, 1 Mo. LIBOR + 3.75%, 0.75% Floor		6.27%		02/12/28		1,050,415
								4,349,843
		Systems Software – 7.0%
7,348,172		Applied Systems, Inc., 1st Lien Term Loan, 3 Mo. LIBOR + 3.00%, 0.50% Floor		5.25%		09/19/24		7,278,364
1,462,693		Applied Systems, Inc., 2nd Lien Term Loan, 3 Mo. LIBOR + 5.50%, 0.75% Floor		7.75%		09/19/25		1,445,623
2,697,030		BMC Software Finance, Inc. (Boxer Parent), 2021 Replacement Dollar Term Loan, 1 Mo. LIBOR + 3.75%, 0.00% Floor		6.27%		10/02/25		2,597,698
885,514		Idera, Inc., Initial Term Loan, 2 Mo. LIBOR + 3.75%, 0.75% Floor		6.13%		02/15/28		853,414
1,786,809		Misys Financial Software Ltd. (Almonde, Inc.) (Finastra), Term Loan B, 6 Mo. LIBOR + 3.50%, 1.00% Floor		6.87%		06/13/24		1,668,219
1,585,004		Proofpoint, Inc., Term Loan B, 3 Mo. LIBOR + 3.25%, 0.50% Floor		6.32%		08/31/28		1,522,793
3,093,307		Sophos Group PLC (Surf), Term Loan B, 3 Mo. LIBOR + 3.50%, 0.00% Floor		5.17%		03/05/27		3,011,613
425,034		SS&C European Holdings, S.a.r.l, Term Loan B-3, 1 Mo. LIBOR + 1.75%, 0.00% Floor		4.27%		04/16/25		415,139
341,130		SS&C European Holdings, S.a.r.l, Term Loan B-4, 1 Mo. LIBOR + 1.75%, 0.00% Floor		4.27%		04/16/25		333,189
1,285,887		SUSE (Marcel Lux IV SARL), Facility B1 USD, 1 Mo. SOFR + 3.25%, 0.00% Floor		5.52%		03/15/26		1,256,157
								20,382,209
		Trading Companies & Distributors – 0.9%
2,640,095		SRS Distribution, Inc., 2021 Refinancing Term Loan, 3 Mo. LIBOR + 3.50%, 0.50% Floor		6.31%		06/04/28		2,547,691
113,599		SRS Distribution, Inc., 2022 Refinancing Term Loan, 3 Mo. SOFR + 3.50%, 0.50% Floor		6.18%		06/04/28		109,055
								2,656,746
		Total Senior Floating-Rate Loan Interests						320,029,617
		(Cost $329,769,537)

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Principal Value		Description		Stated Coupon		Stated Maturity		Value
CORPORATE BONDS AND NOTES (c) – 5.8%
		Application Software – 0.1%
$560,000		GoTo Group, Inc. (f)		5.50%		09/01/27		$407,800
		Broadcasting – 1.4%
118,000		iHeartCommunications, Inc. (f)		5.25%		08/15/27		106,065
2,043,000		Nexstar Media, Inc. (f)		5.63%		07/15/27		1,947,755
2,395,000		Sirius XM Radio, Inc. (f)		3.13%		09/01/26		2,136,053
								4,189,873
		Cable & Satellite – 2.9%
7,000,000		CCO Holdings, LLC / CCO Holdings Capital Corp. (f)		5.13%		05/01/27		6,653,500
2,000,000		CSC Holdings, LLC (f)		7.50%		04/01/28		1,781,250
								8,434,750
		Casinos & Gaming – 0.2%
107,000		Fertitta Entertainment, LLC / Fertitta Entertainment Finance Co., Inc. (f)		4.63%		01/15/29		93,243
572,000		VICI Properties, L.P. / VICI Note Co., Inc. (f)		4.25%		12/01/26		535,775
								629,018
		Health Care Services – 0.3%
376,000		DaVita, Inc. (f)		4.63%		06/01/30		303,158
226,000		DaVita, Inc. (f)		3.75%		02/15/31		166,686
324,000		Global Medical Response, Inc. (f)		6.50%		10/01/25		289,658
								759,502
		Insurance Brokers – 0.1%
359,000		AmWINS Group, Inc. (f)		4.88%		06/30/29		312,925
		Integrated Telecommunication Services – 0.5%
1,531,000		Zayo Group Holdings, Inc. (f)		4.00%		03/01/27		1,307,191
		Systems Software – 0.3%
1,007,000		SS&C Technologies, Inc. (f)		5.50%		09/30/27		953,084
		Total Corporate Bonds and Notes						16,994,143
		(Cost $17,571,783)
FOREIGN CORPORATE BONDS AND NOTES (c) – 0.6%
		Environmental & Facilities Services – 0.6%
1,554,000		GFL Environmental, Inc. (f)		3.75%		08/01/25		1,470,263
305,000		GFL Environmental, Inc. (f)		4.00%		08/01/28		258,265
		Total Foreign Corporate Bonds and Notes						1,728,528
		(Cost $1,740,642)

Shares		Description		Value
COMMON STOCKS (c) – 0.3%
		Pharmaceuticals – 0.3%
150,392		Akorn, Inc. (g) (h)		902,352
		(Cost $1,724,086)
RIGHTS (c) – 0.1%
		Electric Utilities – 0.1%
106,607		Vistra Energy Corp., no expiration date (h) (i)		141,254
		Life Sciences Tools & Services – 0.0%
1		New Millennium Holdco, Inc., Corporate Claim Trust, no expiration date (h) (i) (j) (k)		0

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Shares		Description		Value
RIGHTS (c) (Continued)
		Life Sciences Tools & Services (Continued)
1		New Millennium Holdco, Inc., Lender Claim Trust, no expiration date (h) (i) (j) (k)		$0
				0
		Total Rights		141,254
		(Cost $174,207)
WARRANTS (c) – 0.0%
		Movies & Entertainment – 0.0%
315,514		Cineworld Group PLC, expiring 11/23/25 (h) (i)		54,980
		(Cost $0)
MONEY MARKET FUNDS (c) – 2.7%
7,749,659		Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 2.06% (l)		7,749,659
		(Cost $7,749,659)
		Total Investments – 119.2%		347,600,533
		(Cost $358,729,914)
		Outstanding Loans – (23.0)%		(67,000,000)
		Net Other Assets and Liabilities – 3.8%		11,098,872
		Net Assets – 100.0%		$291,699,405

(a)	Senior Floating-Rate Loan Interests (“Senior Loans”) in which the Fund invests pay interest at rates which are periodically predetermined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as the LIBOR, (ii) the SOFR obtained from the U.S. Department of the Treasury’s Office of Financial Research, (iii) the prime rate offered by one or more United States banks or (iv) the certificate of deposit rate. Certain Senior Loans are subject to a LIBOR or SOFR floor that establishes a minimum LIBOR or SOFR rate. When a range of rates is disclosed, the Fund holds more than one contract within the same tranche with identical LIBOR or SOFR period, spread and floor, but different LIBOR or SOFR reset dates.
(b)	Senior Loans generally are subject to mandatory and/or optional prepayment. As a result, the actual remaining maturity of Senior Loans may be substantially less than the stated maturities shown.
(c)	All of these securities are available to serve as collateral for the outstanding loans.
(d)	The issuer may pay interest on the loans in cash and in Payment-In-Kind (“PIK”) interest. Interest paid in cash will accrue at the rate of 7.00% per annum (“Cash Interest Rate”) and PIK interest will accrue on the loan at the rate of 8.25% per annum. For the fiscal year-to-date period (June 1, 2022 to August 31, 2022), the Fund received a portion of the interest in cash and PIK interest with a principal value of $22,968 for Cineworld Group PLC (Crown).
(e)	The issuer may pay interest on the loans (1) entirely in cash or (2) in the event that both the PIK Toggle Condition has been satisfied and the issuer elects to exercise the PIK interest, 2.50% payable in cash and 7.00% payable as PIK interest. For the fiscal year-to-date period (June 1, 2022 to August 31, 2022), this security paid all of its interest in cash.
(f)	This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the “1933 Act”), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Fund’s Board of Trustees, this security has been determined to be liquid by First Trust Advisors L.P. (the “Advisor”). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is determined based on security specific factors and assumptions, which require subjective judgment. At August 31, 2022, securities noted as such amounted to $18,722,671 or 6.4% of net assets.
(g)	Security received in a transaction exempt from registration under the 1933 Act. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers (see Restricted Securities table).
(h)	Non-income producing security.
(i)	Pursuant to procedures adopted by the Fund’s Board of Trustees, this security has been determined to be illiquid by the Advisor.
(j)	This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Fund’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940, as amended. At August 31, 2022, securities noted as such are valued at $0 or 0.0% of net assets.
(k)	This security’s value was determined using significant unobservable inputs (see Valuation Inputs section).
(l)	Rate shown reflects yield as of August 31, 2022.

LIBOR	London Interbank Offered Rate
SOFR	Secured Overnight Financing Rate

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Valuation Inputs

The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

•	Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.
•	Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.)
•	Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

A summary of the inputs used to value the Fund’s investments as of August 31, 2022 is as follows:

	Total Value at 8/31/2022	Level 1 Quoted Prices	Level 2 Significant Observable Inputs	Level 3 Significant Unobservable Inputs
Senior Floating-Rate Loan Interests*	$ 320,029,617	$ —	$ 320,029,617	$ —
Corporate Bonds and Notes*	16,994,143	—	16,994,143	—
Foreign Corporate Bonds and Notes*	1,728,528	—	1,728,528	—
Common Stocks*	902,352	—	902,352	—
Rights:
Electric Utilities	141,254	—	141,254	—
Life Sciences Tools & Services	—**	—	—	—**
Warrants*	54,980	—	54,980	—
Money Market Funds	7,749,659	7,749,659	—	—
Total Investments	$ 347,600,533	$ 7,749,659	$ 339,850,874	$ —**

*	See Portfolio of Investments for industry breakout.
**	Investment is valued at $0.

Level 3 Investments that are fair valued by the Advisor’s Pricing Committee are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

August 31, 2022 (Unaudited)

Unfunded Loan Commitments

As of August 31, 2022, the Fund had the following unfunded loan commitments:

Borrower		Principal Value		Commitment Amount		Value		Unrealized Appreciation (Depreciation)
athenahealth, Inc. (Minerva Merger Sub, Inc.), Term Loan		$ 794,455		$  791,009		$ 758,704		$ (32,305)
Medical Solutions, LLC (Reverb), Term Loan		138,000		137,391		134,378		(3,013)
Traeger Grills (TGP Holdings III, LLC), Term Loan		89,286		88,913		71,033		(17,880)
Veritext Corporation (VT TopCo, Inc.), Term Loan		22,309		22,309		21,807		(502)
				$1,039,622		$ 985,922		$ (53,700)

Restricted Securities

As of August 31, 2022, the Fund held restricted securities as shown in the following table that the Advisor has deemed illiquid.

Security	Acquisition Date	Principal Value/Shares	Current Price	Carrying Cost	Value	% of Net Assets
Akorn, Inc.	10/15/2020	150,392	$6.00	$1,724,086	$902,352	0.31%