13D Filing: Saba Capital and First Trust Strategic High Income Fund II (FHY)

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No.
[__])*

First Trust Strategic High Income Fund II

(Name of Issuer)

Common Shares, $0.01 par value
(Title of Class
of Securities)

337353304
(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue
58th
Floor
New York, NY 10174
Attention: Michael D’Angelo
(212)
542-4635
(Name, Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)

June 20, 2017
(Date of Event Which Requires
Filing of This Statement)

If the filing person has previously filed a statement on
Schedule 13G to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule
13d-1(g), check the following box. [X]

(Page 1 of 10 Pages)

______________________________

* The remainder of this cover page shall be filled out for a
reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page
shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities
of that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).