Niel Nielson - First Trust Lead Independent Trustee

FCT Etf  USD 10.37  0.06  0.58%   
Niel Nielson is Portfolio Manager at First Trust Senior
Dr. Niel B. Nielson, Ph.D., serves as an Independent Trustee of First Trust Senior Floating Rate Income Fund II. He has served as Managing Director and Chief Operating Officer of Pelita Harapan Education Foundation since January 2015. Mr. Nielson formerly served as President and Chief Executive Officer of Servant Interactive LLC from June 2012 to September 2014, and he served as President and Chief Executive Officer of Dew Learning LLC from June 2012 to September 2014. Mr. Nielson served as President of Covenant College, and as a partner and trader for Ritchie Capital Markets Group, where he held an administrative management position at this proprietary derivatives trading company. He also held prior positions in new business development for ServiceMaster Management Services Company, and in personnel and human resources for NationsBank of North Carolina, N.A. and Chicago Research and Trading Group, Ltd. . His international experience includes serving as a director of CRT Europe, Inc. for two years, directing out of London all aspects of business conducted by the U.K. and European subsidiary of CRT. Prior to that, Mr. Nielson was a trader and manager at CRT in Chicago. Mr. Nielson has served as a Trustee of the Fund since its inception and of the First Trust Funds since 1999. Mr. Nielson has also served as Chairman of the Audit Committee, Chairman of the Nominating and Governance Committee, Lead Independent Trustee and Chairman of the Valuation Committee of the First Trust Funds. He currently serves as Chairman of the Audit Committee of the First Trust Funds.
Age 66
Tenure 4 years
Phone(61) 02 9409 7000
Webwww.firstwavecloud.com

First Trust Management Efficiency

The company has Return on Asset of 2.2 % which means that on every $100 spent on assets, it made $2.2 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (3.56) %, meaning that it generated no profit with money invested by stockholders. First Trust's management efficiency ratios could be used to measure how well First Trust manages its routine affairs as well as how well it operates its assets and liabilities.
First Trust Senior has 116 M in debt with debt to equity (D/E) ratio of 0.39, which is OK given its current industry classification. First Trust Senior has a current ratio of 0.11, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist First Trust until it has trouble settling it off, either with new capital or with free cash flow. So, First Trust's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trust Senior sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trust's use of debt, we should always consider it together with cash and equity.

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First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. Senior Floating is listed under Asset Management in the United States and is traded on New York Stock Exchange exchange. First Trust Senior [FCT] is traded in USA and was established 2004-05-25.

Management Performance

First Trust Senior Money Managers

James Bowen, Chairman of the Board of Trustees
Richard Erickson, Independent Trustee
Niel Nielson, Lead Independent Trustee
Robert Keith, Independent Trustee
James Dykas, Chief Financial Officer, Chief Accounting Officer, Treasurer
Denise Keefe, Trustee
Kristi Maher, Chief Compliance Officer and Assistant Secretary
Daniel Lindquist, Vice President
Donald Swade, Chief Financial Officer, Chief Accounting Officer, Treasurer
Thomas Kadlec, Independent Trustee
W Jardine, Secretary, Chief Legal Officer

First Etf Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right etf is not an easy task. Is First Trust a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Thematic Opportunities

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When determining whether First Trust Senior is a strong investment it is important to analyze First Trust's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Trust's future performance. For an informed investment choice regarding First Etf, refer to the following important reports:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Trust Senior. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.
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The market value of First Trust Senior is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.