SCHEDULE: Morgan Stanley Discloses 5.1% Stake in First Trust Fund
Beneficial Ownership Report
Morgan Stanley and its subsidiary Parametric Portfolio Associates LLC have disclosed a 5.1% beneficial ownership stake in First Trust Senior Floating Rate Income Fund II.
Summary
- Morgan Stanley and its wholly-owned subsidiary, Parametric Portfolio Associates LLC, have jointly reported beneficial ownership in First Trust Senior Floating Rate Income Fund II.
- They collectively own 1,330,493 shares of Common Shares of Beneficial Interest.
- This ownership represents 5.1% of the total class of securities.
- The reporting entities hold shared voting power over 156,658 shares and shared dispositive power over all 1,330,493 shares.
- The event requiring this filing occurred on June 30, 2025.
Sentiment
Score: 5
Explanation: A Schedule 13G filing is a factual disclosure of beneficial ownership and does not inherently convey positive or negative sentiment regarding the issuer's performance or outlook. It simply reports a change in ownership structure.
Future Outlook
NA
Industry Context
This filing indicates significant institutional interest from major financial entities like Morgan Stanley in a senior floating rate income fund, aligning with broader trends of institutional investment in fixed income and income-generating assets.
Related Party Transactions
- Parametric Portfolio Associates LLC, one of the reporting persons, is a wholly-owned subsidiary of Morgan Stanley, the other reporting person, indicating a consolidated ownership structure.
Stakeholder Impact
- Shareholders: Disclosure of a significant institutional stake by Morgan Stanley and its subsidiary may be viewed positively, signaling confidence or strategic interest in the fund.
- Fund Management: Awareness of a large institutional holder may influence future engagement or strategic decisions.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event requiring the filing of this statement |
| 08/07/2025 | Filing date of the Schedule 13G |
Keywords
First Trust Senior Floating Rate Income Fund II, Morgan Stanley, Parametric Portfolio Associates LLC, Beneficial Ownership, Schedule 13G, Floating Rate Income, Investment Fund, Institutional Ownership
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