First Trust Senior Floating Rate Income Fund II : Holdings as of 2/29/2024

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) - 108.2%
		Aerospace & Defense - 1.5%
$ 3,989,925		Transdigm, Inc., Term Loan H, 3 Mo. CME Term SOFR + 3.25%,
		0.00% Floor	8.60%	02/22/27	$	4,004,009
399,646		Transdigm, Inc., Term Loan J, 3 Mo. CME Term SOFR + 3.25%,
		0.00% Floor	8.60%	02/28/31		401,530
							4,405,539
		Application Software - 19.3%
621,303		Applied Systems, Inc., 2024 Term Loan, 1 Mo. CME Term SOFR
		+ 3.50%, 0.00% Floor	8.82%	02/23/31		624,344
7,154,586		CCC Intelligent Solutions, Inc., Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 2.25%, 0.50% Floor	7.69%	09/21/28		7,144,141
1,508,171		ConnectWise, LLC, Term Loan B, 3 Mo. CME Term SOFR + CSA
		+ 3.50%, 0.50% Floor	8.96%	09/30/28		1,507,937
3,073,312		Epicor Software Corp., First Lien Term Loan C, 1 Mo. CME Term
		SOFR + CSA + 3.25%, 0.75% Floor	8.69%	07/30/27		3,084,945
4,330,055		Gainwell Acquisition Corp. (fka Milano), Term Loan B, 3 Mo.
		CME Term SOFR + CSA + 4.00%, 0.75% Floor	9.45%	10/01/27		4,151,440
1,076,161		Genesys Cloud Services Holding II, LLC (f/k/a Greeneden), 2024
		Incremental Term Loan, 1 Mo. CME Term SOFR + CSA +
		3.75%, 0.75% Floor	9.19%	12/01/27		1,080,869
2,665,156		Greeneden U.S. Holdings II, LLC (Genesys Telecommunications
		Laboratories, Inc.), Initial Dollar Term Loan, 1 Mo. CME Term
		SOFR + CSA + 4.00%, 0.75% Floor	9.44%	12/01/27		2,677,376
4,508,563		Informatica Corp., Initial Term Loan B, 1 Mo. CME Term SOFR +
		CSA + 2.75%, 0.00% Floor	8.19%	10/29/28		4,518,436
1,814,654		Internet Brands, Inc. (Web MD/MH Sub I. LLC), 2023 New Term
		Loan B, 1 Mo. CME Term SOFR + 4.25%, 0.50% Floor	9.58%	05/03/28		1,787,661
1,265,863		Internet Brands, Inc. (Web MD/MH Sub I. LLC), 2nd Lien Term
		Loan, 1 Mo. CME Term SOFR + 6.25%, 0.00% Floor	11.58%	02/23/29		1,222,881
68,805		ION Trading Technologies Limited, Term Loan B, 3 Mo. CME
		Term SOFR + CSA + 4.75%, 0.00% Floor	10.20%	04/01/28		68,492
2,016,198		LogMeIn, Inc. (GoTo Group, Inc.), First Lien First Out TL, 1 Mo.
		CME Term SOFR + CSA + 4.75%, 0.00% Floor	10.17%	04/30/28		1,935,550
2,016,198		LogMeIn, Inc. (GoTo Group, Inc.), First Lien Second Out TL, 1
		Mo. CME Term SOFR + CSA + 4.75%, 0.00% Floor	10.17%	04/30/28		1,416,379
245,987		LogMeIn, Inc. (GoTo Group, Inc.), New Money First Out Term
		Loan, 1 Mo. CME Term SOFR + 4.75%, 0.00% Floor	10.18%	04/30/28		236,148
1,920,680		McAfee Corp. (Condor Merger Sub, Inc.), Tranche B-1 Term Loan,
		1 Mo. CME Term SOFR + CSA + 3.75%, 0.50% Floor	9.18%	02/28/29		1,916,561
356,614		N-Able, Inc., Term Loan B, 3 Mo. CME Term SOFR + CSA +
		2.75%, 0.50% Floor	8.35%	07/19/28		357,059
1,926,074		Open Text Corporation (GXS), 2023 Replacement Term Loan, 1
		Mo. CME Term SOFR + CSA + 2.75%, 0.50% Floor	8.18%	01/31/30		1,930,359
5,108,218		Open Text Corporation (GXS), Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 1.75%, 0.00% Floor	7.18%	05/30/25		5,118,205
526,375		PowerSchool Holdings, Inc. (Severin), Extended Term Loan, 3 Mo.
		CME Term SOFR + 3.25%, 0.00% Floor	8.56%	08/01/27		527,596
405,613		Qlik Technologies (Project Alpha Intermediate Holding, Inc.), Term
		Loan B, 3 Mo. CME Term SOFR + 4.75%, 0.50% Floor	10.06%	10/31/30		407,245
912,941		RealPage, Inc., Second Lien Term Loan, 1 Mo. CME Term SOFR
		+ CSA + 6.50%, 0.75% Floor	11.94%	04/22/29		910,659
5,659,121		RealPage, Inc., Term Loan B, 1 Mo. CME Term SOFR + CSA +
		3.00%, 0.50% Floor	8.44%	04/24/28		5,515,181
3,050,397		SolarWinds Holdings, Inc., 2024 Refi Term Loan, 1 Mo. CME
		Term SOFR + 3.25%, 0.00% Floor	8.58%	02/05/27		3,058,404

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Application Software (Continued)
$ 482,622		Solera Holdings, Inc. (Polaris Newco), Term Loan B, 3 Mo. CME
		Term SOFR + CSA + 4.00%, 0.50% Floor	9.57%	06/04/28	$	473,544
1,933,773		Ultimate Kronos Group (UKG, Inc.), 2024 Term Loan B, 3 Mo.
		CME Term SOFR + 3.50%, 0.00% Floor	8.81%	02/10/31		1,938,608
1,989,664		Veeam Software Holdings Limited (VS Buyer, LLC), Term Loan
		B, 1 Mo. CME Term SOFR + CSA + 3.25%, 0.00% Floor	8.68%	02/28/27		1,991,743
							55,601,763
		Asset Management & Custody Banks - 2.4%
3,289,218		Edelman Financial Engines Center, LLC, Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 3.50%, 0.75% Floor	8.94%	04/07/28		3,283,363
3,529,299		Edelman Financial Engines Center, LLC, Term Loan Second Lien,
		1 Mo. CME Term SOFR + CSA + 6.75%, 0.00% Floor	12.19%	07/20/26		3,545,110
							6,828,473
		Automotive Parts & Equipment - 1.4%
2,023,683		Caliber Collision (Wand NewCo 3, Inc.), Term Loan B, 1 Mo.
		CME Term SOFR + 3.75%, 0.00% Floor	9.08%	01/31/31		2,029,379
2,000,000		Clarios Global LP (Power Solutions), 2024 Refi Term Loan B, 1
		Mo. CME Term SOFR + 3.00%, 0.00% Floor	8.33%	05/06/30		2,004,070
							4,033,449
		Automotive Retail - 1.0%
2,736,977		Mavis Tire Express Services Topco Corp., 2024 Term Loan B, 1
		Mo. CME Term SOFR + 3.75%, 0.75% Floor	9.08%	05/04/28		2,742,985
		Broadcasting - 5.5%
309,937		E.W. Scripps Company, Tranche B-3 Term Loan, 1 Mo. CME Term
		SOFR + CSA + 3.00%, 0.75% Floor	8.44%	01/07/28		299,400
2,376,766		Gray Television, Inc., Term Loan E, 1 Mo. CME Term SOFR +
		CSA + 2.50%, 0.00% Floor	7.94%	01/02/26		2,361,174
3,101,009		iHeartCommunications, Inc., Second Amendment Incremental Term
		Loan B, 1 Mo. CME Term SOFR + CSA + 3.23%, 0.50% Floor .	8.69%	05/01/26		2,656,697
1,199,070		iHeartCommunications, Inc., Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 3.00%, 0.00% Floor	8.44%	05/01/26		1,061,176
6,412,128		Nexstar Broadcasting, Inc., Incremental Term Loan B-4, 1 Mo.
		CME Term SOFR + CSA + 2.50%, 0.00% Floor	7.94%	09/19/26		6,405,876
3,261,240		Sinclair Television Group, Inc., Term Loan B-2, 1 Mo. CME Term
		SOFR + CSA + 2.50%, 0.00% Floor	7.94%	09/30/26		3,136,905
11,469		Univision Communications, Inc., 2021 Replacement New First
		Lien Term Loan, 1 Mo. CME Term SOFR + CSA + 3.25%,
		0.75% Floor	8.69%	03/15/26		11,474
							15,932,702
		Building Products - 0.1%
261,504		Hunter Douglas, Inc. (Solis), Term Loan B, 3 Mo. CME Term
		SOFR + 3.50%, 0.50% Floor	8.82%	02/25/29		259,026
		Cable & Satellite - 0.1%
389,380		Charter Communications Operating, LLC, Term Loan B4, 3 Mo.
		CME Term SOFR + 2.00%, 0.00% Floor	7.33%	12/07/30		383,539
		Casinos & Gaming - 1.1%
677,497		Caesars Entertainment, Inc. (f/k/a Eldorado Resorts), 2024 Term
		Loan, 3 Mo. CME Term SOFR + 2.75%, 0.50% Floor	8.04%	02/06/31		677,782

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Casinos & Gaming (Continued)
$ 2,388,363		Golden Nugget, Inc. (Fertitta Entertainment, LLC), Initial Term
		Loan B, 1 Mo. CME Term SOFR + 4.00%, 0.50% Floor	9.33%	01/27/29	$	2,393,069
214,692		Scientific Games Holdings L.P. (Scientific Games Lottery), Initial
		Dollar Term Loan, 3 Mo. CME Term SOFR + 3.25%, 0.50%
		Floor	8.58%	04/04/29		214,481
							3,285,332
		Commercial Printing - 1.2%
3,474,960		Multi-Color Corp. (LABL, Inc.), Initial Dollar Term Loan, 1 Mo.
		CME Term SOFR + CSA + 5.00%, 0.50% Floor	10.43%	10/29/28		3,375,055
		Construction & Engineering - 0.2%
506,848		APi Group DE, Inc., Initial Term Loan, 1 Mo. CME Term SOFR +
		CSA + 2.25%, 0.00% Floor	7.69%	10/01/26		507,798
		Diversified Support Services - 0.6%
1,645,960		Consilio (Skopima Consilio Parent, LLC), Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 4.00%, 0.50% Floor	9.44%	05/17/28		1,640,232
		Education Services - 1.2%
3,408,169		Ascensus Holdings, Inc. (Mercury), First Lien Term Loan, 1 Mo.
		CME Term SOFR + CSA + 3.50%, 0.50% Floor	8.94%	08/02/28		3,390,276
		Electronic Equipment & Instruments - 0.7%
1,350,813		Chamberlain Group, Inc. (Chariot), Term Loan B, 1 Mo. CME
		Term SOFR + CSA + 3.25%, 0.50% Floor	8.68%	11/03/28		1,349,631
858,760		Verifone Systems, Inc., Term Loan B, 3 Mo. CME Term SOFR +
		CSA + 4.00%, 0.00% Floor	9.59%	08/20/25		751,415
							2,101,046
		Environmental & Facilities Services - 1.1%
3,227,493		GFL Environmental, Inc., 2023 Refinancing Term Loan, 3 Mo.
		CME Term SOFR + 2.50%, 0.50% Floor	7.82%	05/31/27		3,235,982
		Food Distributors - 0.3%
811,131		US Foods, Inc., Incremental B-2019 Term Loan, 1 Mo. CME Term
		SOFR + CSA + 2.00%, 0.00% Floor	7.44%	09/13/26		812,550
		Health Care Facilities - 2.7%
2,483,918		Ardent Health Services, Inc. (AHP Health Partners, Inc.), Term
		Loan B, 1 Mo. CME Term SOFR + CSA + 3.50%, 0.50% Floor .	8.94%	08/24/28		2,490,748
637,187		Gentiva Health Services, Inc. (Kindred at Home/Charlotte Buyer),
		Initial Term B Loan, 1 Mo. CME Term SOFR + 5.25%, 0.50%
		Floor	10.57%	02/11/28		639,758
4,759,348		Select Medical Corp., Tranche B-1, 1 Mo. CME Term SOFR +
		3.00%, 0.00% Floor	8.33%	03/06/27		4,762,347
							7,892,853
		Health Care Services - 3.5%
2,603,538		CHG Healthcare Services, Inc., Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 3.25%, 0.50% Floor	8.69%	09/30/28		2,602,574
2,623,091		DaVita, Inc., Tranche B-1 Term Loan, 1 Mo. CME Term SOFR +
		CSA + 1.75%, 0.00% Floor	7.19%	08/12/26		2,623,957
2,589,099		ExamWorks Group, Inc. (Electron Bidco), Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 3.00%, 0.50% Floor	8.44%	11/01/28		2,588,490

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Health Care Services (Continued)
$ 2,150,000		Surgery Centers Holdings, Inc., Term Loan B, 1 Mo. CME Term
		SOFR + 3.50%, 0.00% Floor	8.82%	12/19/30	$	2,157,020
							9,972,041
		Health Care Supplies - 1.8%
5,234,362		Medline Borrower, L.P. (Mozart), Initial Dollar Term Loan, 1 Mo.
		CME Term SOFR + CSA + 3.25%, 0.50% Floor	8.44%	10/21/28		5,240,905
		Health Care Technology - 9.4%
4,813,592		athenahealth, Inc. (Minerva Merger Sub, Inc.), Term Loan B, 1
		Mo. CME Term SOFR + 3.50%, 0.50% Floor	8.58%	02/15/29		4,784,253
995,977		Ciox Health (Healthport/CT Technologies Intermediate Holdings,
		Inc.), New Term Loan B, 1 Mo. CME Term SOFR + CSA +
		4.25%, 0.75% Floor	9.69%	12/16/25		981,924
1,696,219		Ensemble RCM, LLC (Ensemble Health), 2024 Refi Loan, 3 Mo.
		CME Term SOFR + 3.00%, 0.00% Floor	8.32%	08/01/29		1,688,536
393,107		Mediware (Wellsky/Project Ruby Ultimate Parent Corp.), 2024
		Incremental Term Loan, 1 Mo. CME Term SOFR + CSA +
		3.50%, 0.00% Floor	8.94%	03/10/28		394,090
4,217,422		Mediware (Wellsky/Project Ruby Ultimate Parent Corp.), Term
		Loan B, 1 Mo. CME Term SOFR + CSA + 3.25%, 0.75% Floor .	8.69%	03/10/28		4,198,232
5,241,699		Navicure, Inc. (Waystar Technologies, Inc.), 2024 Refi Term Loan,
		1 Mo. CME Term SOFR + 4.00%, 0.00% Floor	9.33%	10/31/29		5,254,803
1,497,687		R1 RCM Holdco, Inc., Term Loan B, 1 Mo. CME Term SOFR +
		3.00%, 0.50% Floor	8.33%	06/21/29		1,500,181
3,368,724		Verscend Technologies, Inc. (Cotiviti), Floating Rate Loan, 1 Mo.
		CME Term SOFR + 3.25%, 0.00% Floor	8.58%	02/28/31		3,360,302
4,979,138		Zelis Payments Buyer, Inc., Term Loan B-2, 3 Mo. CME Term
		SOFR + 2.75%, 0.00% Floor	8.07%	09/28/29		4,983,494
							27,145,815
		Hotels, Resorts & Cruise Lines - 0.3%
454,848		Alterra Mountain Co., Term Loan B-2, 1 Mo. CME Term SOFR +
		CSA + 3.50%, 0.50% Floor	8.94%	08/17/28		456,056
394,972		Wyndham Hotels & Resorts, Inc., Extended Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 2.25%, 0.00% Floor	7.68%	05/25/30		396,208
							852,264
		Industrial Machinery & Supplies & Components - 1.2%
944,248		Filtration Group Corp., 2021 Incremental Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 3.50%, 0.50% Floor	8.94%	10/21/28		945,754
1,761,750		Filtration Group Corp., 2023 Extended Term Loan, 1 Mo. CME
		Term SOFR + CSA + 4.25%, 0.50% Floor	9.69%	10/21/28		1,765,441
610,979		TK Elevator Newco GMBH (Vertical U.S. Newco, Inc.), New
		Term Loan B1 (USD), 3 Mo. CME Term SOFR + CSA + 3.50%,
		0.50% Floor	9.08%	07/31/27		612,611
							3,323,806
		Insurance Brokers - 19.0%
6,812,779		Alliant Holdings I, LLC, Term Loan B-6, 1 Mo. CME Term SOFR
		+ 3.50%, 0.50% Floor	8.82%	11/06/30		6,823,237
3,702,681		Amwins Group, Inc., Feb. 2023 Incremental Term Loan, 1 Mo.
		CME Term SOFR + CSA + 2.75%, 0.75% Floor	8.19%	02/19/28		3,706,976
1,979,604		Amwins Group, Inc., Term Loan B, 1 Mo. CME Term SOFR +
		CSA + 2.25%, 0.75% Floor	7.69%	02/19/28		1,973,823

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Insurance Brokers (Continued)
$ 469,437		AssuredPartners, Inc., 2021 Term Loan B, 1 Mo. CME Term SOFR
		+ CSA + 3.50%, 0.50% Floor	8.94%	02/12/27	$	470,082
1,795,653		AssuredPartners, Inc., Incremental Term Loan 2022, 1 Mo. CME
		Term SOFR + 3.50%, 0.50% Floor	8.83%	02/12/27		1,798,122
6,362,624		AssuredPartners, Inc., Term Loan B, 1 Mo. CME Term SOFR +
		CSA + 3.50%, 0.00% Floor	8.94%	02/12/27		6,374,554
106,823		AssuredPartners, Inc., Term Loan B-4, 1 Mo. CME Term SOFR +
		3.75%, 0.50% Floor	9.08%	02/13/27		107,103
823,668		BroadStreet Partners, Inc., 2023 Term B Loan, 1 Mo. CME Term
		SOFR + 3.75%, 0.00% Floor	9.08%	01/26/29		824,998
6,418,181		BroadStreet Partners, Inc., Initial Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 3.00%, 0.00% Floor	8.44%	01/27/27		6,418,534
7,534,108		HUB International Limited, 2024 Refi Term Loan B, 3 Mo. CME
		Term SOFR + 3.25%, 0.75% Floor	8.57%	06/20/30		7,534,485
130,043		Hyperion Insurance Group Limited (aka - Howden Group), 2023
		USD Term Loan, 1 Mo. CME Term SOFR + 4.00%,
		0.50% Floor	9.33%	04/18/30		130,189
1,595,929		IMA Financial Group, Inc., Term Loan B-1, 1 Mo. CME Term
		SOFR + CSA + 3.75%, 0.50% Floor	9.19%	11/01/28		1,593,934
2,734,151		National Financial Partners Corp. (NFP), Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 3.25%, 0.00% Floor	8.69%	02/13/27		2,741,301
4,898,051		OneDigital Borrower, LLC, Term Loan B, 1 Mo. CME Term SOFR
		+ CSA + 4.25%, 0.50% Floor	9.68%	11/16/27		4,907,260
3,443,489		Ryan Specialty Group, LLC, 2024 Term Loan, 1 Mo. CME Term
		SOFR + 2.75%, 0.75% Floor	8.08%	09/01/27		3,451,375
4,380,878		USI, Inc., 2023 Refi Tranche, 3 Mo. CME Term SOFR + 3.25%,
		0.00% Floor	8.60%	09/30/30		4,386,705
1,708,181		USI, Inc., 2023-B New Term Loan, 3 Mo. CME Term SOFR +
		3.00%, 0.00% Floor	8.35%	11/22/29		1,709,556
							54,952,234
		Integrated Telecommunication Services - 2.9%
3,336,193		Numericable (Altice France SA or SFR), Term Loan B-11, 3 Mo.
		LIBOR + 2.75%, 0.00% Floor	8.32%	07/31/25		3,306,117
994,975		Numericable (Altice France SA or SFR), Term Loan B-12, 3 Mo.
		LIBOR + 3.69%, 0.00% Floor	9.26%	01/31/26		980,050
1,223,457		Zayo Group Holdings, Inc., Incremental Term Loan B-2, 1 Mo.
		CME Term SOFR + 4.25%, 0.50% Floor	9.65%	03/09/27		1,107,896
3,255,695		Zayo Group Holdings, Inc., Initial Dollar Term Loan, 1 Mo. CME
		Term SOFR + CSA + 3.00%, 0.00% Floor	8.44%	03/09/27		2,939,616
							8,333,679
		IT Consulting & Other Services - 0.2%
575,530		CDK Global, Inc. (Central Parent, Inc.), Term Loan B, 3 Mo. CME
		Term SOFR + 4.00%, 0.00% Floor	9.35%	07/06/29		577,521
		Leisure Products - 0.1%
199,731		Amer Sports Company, Term Loan B, 3 Mo. CME Term SOFR +
		3.25%, 0.00% Floor	8.58%	02/16/31		199,731
		Life Sciences Tools & Services - 0.4%
1,245,388		WCG Purchaser Corp. (WIRB- Copernicus Group), Term Loan B,
		1 Mo. CME Term SOFR + CSA + 4.00%, 1.00% Floor	9.44%	01/08/27		1,246,957

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Managed Health Care - 0.3%
$ 821,549		Multiplan, Inc. (MPH), Term Loan B, 3 Mo. CME Term SOFR +
		CSA + 4.25%, 0.50% Floor	9.85%	08/31/28	$	796,615
		Metal, Glass & Plastic Containers - 0.7%
2,049,584		ProAmpac PG Borrower, LLC, First Lien Term Loan, 3 Mo. CME
		Term SOFR + 4.50%, 0.75% Floor	9.80%-9.82%	09/15/28		2,055,221
		Other Specialty Retail - 0.7%
2,189,725		Petco Health and Wellness Company, Inc., Initial Term Loan B, 3
		Mo. CME Term SOFR + CSA + 3.25%, 0.75% Floor	8.86%	03/04/28		2,097,625
		Packaged Foods & Meats - 0.6%
1,473,591		Shearer's Foods, LLC (Fiesta Purchaser, Inc.), Term Loan B, 2 Mo.
		CME Term SOFR + 4.00%, 0.00% Floor	9.32%	02/12/31		1,473,783
269,478		Utz Quality Foods, LLC, 2021 New Term Loan, 1 Mo. CME Term
		SOFR + 3.00%, 0.00% Floor	8.44%	01/20/28		269,898
							1,743,681
		Paper & Plastic Packaging Products & Materials - 3.1%
4,982,668		Graham Packaging Company L.P., Term Loan B, 1 Mo. CME Term
		SOFR + CSA + 3.00%, 0.75% Floor	8.44%	08/04/27		4,984,113
1,101,662		Pactiv LLC/Evergreen Packaging, LLC (fka Reynolds Group
		Holdings), Term Loan B-2, 1 Mo. CME Term SOFR + CSA +
		3.25%, 0.00% Floor	8.69%	02/05/26		1,105,105
2,942,761		Pactiv LLC/Evergreen Packaging, LLC (fka Reynolds Group
		Holdings), Tranche B-3 U.S. Term Loan, 1 Mo. CME Term
		SOFR + CSA + 3.25%, 0.50% Floor	8.69%	09/24/28		2,950,353
							9,039,571
		Pharmaceuticals - 0.7%
246,827		Nestle Skin Health (Sunshine Lux VII SARL/Galderma), 2021
		Term Loan B-3, 3 Mo. CME Term SOFR + 3.60%, 0.75% Floor .	8.95%	10/02/26		247,462
1,778,816		Parexel International Corp. (Phoenix Newco), First Lien Term
		Loan, 1 Mo. CME Term SOFR + CSA + 3.25%, 0.50% Floor . . . .	8.69%	11/15/28		1,779,376
							2,026,838
		Property & Casualty Insurance - 1.6%
4,456,927		Sedgwick Claims Management Services, Inc., 2023 Term Loan B,
		1 Mo. CME Term SOFR + 3.75%, 0.00% Floor	9.08%	02/24/28		4,468,582
		Research & Consulting Services - 6.8%
3,128,157		AlixPartners, LLP, Term Loan B, 1 Mo. CME Term SOFR + CSA
		+ 2.75%, 0.50% Floor	7.94%	02/04/28		3,131,488
7,782,419		Clarivate Analytics PLC (Camelot), 2024 Term Loan B, 1 Mo.
		CME Term SOFR + 2.75%, 0.00% Floor	8.08%	01/31/31		7,767,827
6,896,564		Dun & Bradstreet Corp., 2024 Refi Term Loan, 1 Mo. CME Term
		SOFR + 2.75%, 0.00% Floor	8.07%	01/18/29		6,888,805
714,419		J.D. Power (Project Boost Purchaser, LLC), 2021 Incremental Term
		Loan B, 1 Mo. CME Term SOFR + CSA + 3.50%, 0.50% Floor .	8.94%	05/30/26		715,502
989,664		J.D. Power (Project Boost Purchaser, LLC), Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 3.50%, 0.00% Floor	8.94%	05/30/26		990,748
139,000		Veritext Corporation (VT TopCo, Inc.), Initial Term Loan B, 1 Mo.
		CME Term SOFR + 4.25%, 0.50% Floor	9.58%	08/10/30		139,673
							19,634,043

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal					Stated
Value		Description		Rate (a)	Maturity (b)		Value
SENIOR FLOATING-RATE LOAN INTERESTS (c) (Continued)
		Restaurants - 5.6%
$ 6,587,009		1011778 B.C. Unlimited Liability Company (Restaurant Brands)
		(aka Burger King/Tim Horton's), Term B-5 Loan, 1 Mo. CME
		Term SOFR + 2.25%, 0.00% Floor	7.58%	09/21/30	$	6,567,610
6,539,975		IRB Holding Corp. (Arby's/Inspire Brands), 2024 Replacement
		Term Loan B, 1 Mo. CME Term SOFR + CSA + 2.75%, 0.75%
		Floor	8.18%	12/15/27		6,540,205
3,093,283		Whatabrands, LLC, Term Loan B, 1 Mo. CME Term SOFR + CSA
		+ 3.25%, 0.50% Floor	8.69%	08/03/28		3,091,798
							16,199,613
		Security & Alarm Services - 1.6%
4,549,406		Garda World Security Corp., 2024 Refi Term Loan, 3 Mo. CME
		Term SOFR + 4.25%, 0.00% Floor	9.62%	02/01/29		4,555,912
		Specialized Consumer Services - 0.3%
914,614		Asurion, LLC, New B-8 Term Loan, 1 Mo. CME Term SOFR +
		CSA + 3.25%, 0.00% Floor	8.69%	12/23/26		910,549
		Specialized Finance - 0.2%
839,596		Radiate Holdco, LLC (Astound), Amendment No. 6 Term Loan, 1
		Mo. CME Term SOFR + CSA + 3.25%, 0.75% Floor	8.69%	09/25/26		691,617
		Systems Software - 3.9%
1,499,656		Gen Digital, Inc. (fka NortonLifeLock, Inc.), Term Loan B, 1 Mo.
		CME Term SOFR + CSA + 2.00%, 0.50% Floor	7.43%	09/12/29		1,497,684
2,365,720		Idera, Inc., Initial Term Loan, 3 Mo. CME Term SOFR + CSA +
		3.75%, 0.75% Floor	9.21%	03/02/28		2,356,849
874,713		Proofpoint, Inc., Term Loan B, 1 Mo. CME Term SOFR + CSA +
		3.25%, 0.50% Floor	8.69%	08/31/28		874,350
544,523		SS&C Technologies Holdings, Inc., Term Loan B-3, 1 Mo. CME
		Term SOFR + CSA + 1.75%, 0.00% Floor	7.19%	04/16/25		544,717
509,596		SS&C Technologies Holdings, Inc., Term Loan B-4, 1 Mo. CME
		Term SOFR + CSA + 1.75%, 0.00% Floor	7.19%	04/16/25		509,777
5,024,481		SS&C Technologies Holdings, Inc., Term Loan B-5, 1 Mo. CME
		Term SOFR + 1.75%, 0.00% Floor	7.19%	04/16/25		5,026,892
408,867		SUSE (Marcel Bidco, LLC), New Term Loan B3, Daily CME
		Term SOFR + 4.50%, 0.50% Floor	9.81%-9.83%	10/31/30		410,271
							11,220,540
		Trading Companies & Distributors - 0.8%
2,296,629		SRS Distribution, Inc., 2021 Refinancing Term Loan, 1 Mo. CME
		Term SOFR + CSA + 3.50%, 0.50% Floor	8.94%	06/04/28		2,296,629
111,886		SRS Distribution, Inc., 2022 Refinancing Term Loan, 1 Mo. CME
		Term SOFR + CSA + 3.50%, 0.50% Floor	8.68%	06/04/28		111,903
							2,408,532
		Transaction & Payment Processing Services - 0.5%
1,492,000		Worldpay (GTCR W Merger Sub, LLC/Boost Newco, LLC), Initial
		USD Term Loan, 1 Mo. CME Term SOFR + 3.00%, 0.50% Floor
			8.33%	12/31/30		1,499,460
		Wireless Telecommunication Services - 1.6%
4,612,647		SBA Senior Finance II, LLC, 2024 Refi Term Loan B, 1 Mo. CME
		Term SOFR + 2.00%, 0.00% Floor	7.33%	01/25/31		4,615,530
		Total Senior Floating-RateLoan Interests		312,237,482
		(Cost $312,130,726)

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Principal				Stated	Stated
Value		Description		Coupon			Maturity					Value
CORPORATE BONDS AND NOTES (c) - 5.4%
		Application Software - 0.1%
$ 238,000		GoTo Group, Inc. (d)	5.50%			05/01/28	$	205,573
238,000		GoTo Group, Inc. (d)	5.50%			05/01/28					141,610
												347,183
		Broadcasting - 2.7%
1,000,000		Gray Television, Inc. (d)	5.88%			07/15/26					950,000
2,000,000		Gray Television, Inc. (d)	7.00%			05/15/27					1,809,780
3,043,000		Nexstar Media, Inc. (d)	5.63%			07/15/27					2,887,075
2,395,000		Sirius XM Radio, Inc. (d)	3.13%			09/01/26					2,235,553
												7,882,408
		Cable & Satellite - 1.2%
2,137,000		CCO Holdings, LLC / CCO Holdings Capital Corp. (d)	5.13%			05/01/27					2,022,393
1,465,000		CSC Holdings, LLC (d)	7.50%			04/01/28					1,043,080
374,000		CSC Holdings, LLC (d)	11.25%			05/15/28					386,252
												3,451,725
		Casinos & Gaming - 0.4%
572,000		Fertitta Entertainment, LLC / Fertitta Entertainment Finance Co.,
		Inc. (d)	4.63%			01/15/29					519,656
572,000		VICI Properties, L.P. / VICI Note Co., Inc. (d)	4.25%			12/01/26					547,754
												1,067,410
		Insurance Brokers - 0.1%
346,000		AmWINS Group, Inc. (d)	4.88%			06/30/29					319,514
		Integrated Telecommunication Services - 0.2%
769,000		Zayo Group Holdings, Inc. (d)	4.00%			03/01/27					641,092
		Systems Software - 0.7%
2,000,000		Boxer Parent Co., Inc. (d)	9.13%			03/01/26					1,999,750
		Total Corporate Bonds and Notes	. . . . . . . . . . . . .				15,709,082
		(Cost $16,523,437)
FOREIGN CORPORATE BONDS AND NOTES (c) - 0.6%
		Application Software - 0.0%
22,000		Open Text Corp. (d)	3.88%			02/15/28					20,238
		Environmental & Facilities Services - 0.6%
1,554,000		GFL Environmental, Inc. (d)	3.75%			08/01/25					1,510,250
305,000		GFL Environmental, Inc. (d)	4.00%			08/01/28					279,913
												1,790,163
		Total Foreign Corporate Bonds and Notes	. . . . . . . . . . . . .				1,810,401
		(Cost $1,808,698)
Shares		Description										Value
COMMON STOCKS (c) - 0.0%
		Pharmaceuticals - 0.0%
150,392		Akorn, Inc. (e) (f) (g)	. . . . . . . . . . . . . . . . . .	. .	. . . . . . . . . . . . .	.				8,272
		(Cost $1,724,086)
RIGHTS (c) - 0.0%
		Life Sciences Tools & Services - 0.0%
1		New Millennium Holdco, Inc., Corporate Claim Trust, no expiration date (g) (h) (i) (j)	. . . . . . . . . . . . .	.			0

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (Unaudited)

Shares		Description			Value
RIGHTS (c) (Continued)
		Life Sciences Tools & Services (Continued)
1		New Millennium Holdco, Inc., Lender Claim Trust, no expiration date (g) (h) (i) (j)	$	0
		Total Rights
			0
		(Cost $0)
		Total Investments - 114.2%		329,765,237
		(Cost $332,186,947)
		Outstanding Loans - (13.9)%		(40,000,000)
		Net Other Assets and Liabilities - (0.3)%		(1,123,369)
		Net Assets - 100.0%	288,641,868

1. 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 or another major financial institution, (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.
2. 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.
3. All of these securities are available to serve as collateral for the outstanding loans.
4. 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 February 29, 2024, securities noted as such amounted to $17,519,483 or 6.1% of net assets.
5. This issuer has filed for protection in bankruptcy court.
6. 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).
7. Non-incomeproducing security.
8. This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Fund's Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At February 29, 2024, securities noted as such are valued at $0 or 0.0% of net assets.
9. Pursuant to procedures adopted by the Fund's Board of Trustees, this security has been determined to be illiquid by the Advisor.
10. This security's value was determined using significant unobservable inputs (see Valuation Inputs section).

Abbreviations throughout the Portfolio of Investments:

CME	- Chicago Mercantile Exchange
CSA	- Credit Spread Adjustment
LIBOR	- London Interbank Offered Rate
SOFR	- Secured Overnight Financing Rate

First Trust Senior Floating Rate Income Fund II (FCT)

Portfolio of Investments (Continued)

February 29, 2024 (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 February 29, 2024 is as follows:

			Level 2	Level 3
	Total	Level 1	Significant	Significant
	Value at	Quoted	Observable	Unobservable
	2/29/2024	Prices	Inputs	Inputs
Senior Floating-Rate Loan Interests*	$ 312,237,482	$ -	$ 312,237,482	$ -
Corporate Bonds and Notes*	15,709,082	-	15,709,082	-
Foreign Corporate Bonds and Notes*	1,810,401	-	1,810,401	-
Common Stocks*	8,272	-	8,272	-
Rights*	-**	-	-	-**
Total Investments	$ 329,765,237	$ -	$ 329,765,237	$ -**

• See Portfolio of Investments for industry breakout.
• Investments are valued at $0.

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

Restricted Securities

As of February 29, 2024, the Fund held restricted securities as shown in the following table that the Advisor has deemed illiquid pursuant to procedures adopted by the Fund's Board of Trustees.

	Acquisition		Current	Carrying		% of
Security	Date	Shares	Price	Cost	Value	Net Assets
Akorn, Inc.	10/15/2020	150,392	$0.06	$1,724,086	$8,272	0.00%†

• Amount is less than 0.01%