Summary
PCEF Chart
VIDEO: ETF of the Week: PCEF
On this week's episode of “ETF of the Week,” Chuck Jaffe of “Money Life” discussed the Invesco CEF Income Composite ETF (PCEF) with Roxanna Islam, head of sector and industry research at VettaFi. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF overall.
15 Years Of PCEF: An ETF Of CEFs
The Invesco CEF Income Composite ETF (PCEF), which celebrated its 15th anniversary last week is the oldest and largest ETF of closed-end funds. With close to $830 million in assets, it stands out as the only fund with the primary objective of benchmarking taxable closed-end funds. PCEF takes a broad view of the taxable closed-end fund market and invests in taxable investment-grade fixed income CEFs, taxable high yield fixed income CEFs, and equity option CEFs. PCEF gives a larger weight to holdings with wider discounts to net asset value (NAV). Buying CEFs at wider discounts has historically led to higher returns.
15 Years of PCEF: An ETF of CEFs
The Invesco CEF Income Composite ETF (PCEF), the oldest and largest ETF of closed-end funds, celebrated its 15th anniversary last week. With close to $830 million in assets, it stands out as the only fund with the primary objective of benchmarking taxable closed-end funds (which includes nearly all funds except municipal bond funds).
Invesco CEF Income Composite Portfolio Dividends
 PCEF 1 month ago Paid | Monthly | $0.13 Per Share |
| PCEF 1 month ago Paid | Monthly | $0.13 Per Share |
| PCEF 2 months ago Paid | Monthly | $0.14 Per Share |
| PCEF 3 months ago Paid | Monthly | $0.14 Per Share |
| PCEF 4 months ago Paid | Monthly | $0.14 Per Share |
Invesco CEF Income Composite Portfolio Earnings
| PCEF 1 month ago Paid | Monthly | $0.13 Per Share |
| PCEF 1 month ago Paid | Monthly | $0.13 Per Share |
| PCEF 2 months ago Paid | Monthly | $0.14 Per Share |
| PCEF 3 months ago Paid | Monthly | $0.14 Per Share |
| PCEF 4 months ago Paid | Monthly | $0.14 Per Share |
Invesco CEF Income Composite Portfolio (PCEF) FAQ
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Invesco CEF Income Composite Portfolio Profile
| ARCA Exchange | US Country |
Overview
The company operates as an investment fund that aims to closely track the performance of a specifically designed index. This index is composed of a diverse range of U.S.-listed closed-end funds, all of which are primarily focused on asset management strategies aimed at generating taxable annual yield. To achieve its investment objectives, the company adopts a “fund of funds” approach. This means that instead of directly investing in individual securities, it invests the bulk of its assets in the common shares of other funds that are constituents of the index. The investment strategy mandates that at least 90% of the fund's total assets are invested in the components that make up the index. This approach allows the company to leverage the specialized expertise of various asset managers within the closed-end fund universe, aiming to provide investors with an efficient means to gain exposure to a broad spectrum of income-generating assets.
Products and Services
- Index-Tracked Investment Fund
The company's main product is an investment fund that seeks to replicate the performance of a tailored index consisting of U.S.-listed closed-end funds. This investment vehicle is designed for investors looking to gain exposure to a broad range of asset management strategies and income-generating assets, without having to invest in individual securities. By pooling investments into the common shares of funds within the index, the company enables investors to benefit from diversified risk and potentially enhanced returns, all the while aiming to produce a taxable annual yield.
- Fund of Funds Investment Strategy
As part of its core offerings, the company employs a “fund of funds” investment strategy. This unique approach involves allocating the majority of its assets into the shares of selected funds that are included in its benchmark index. This strategy is particularly beneficial for individuals and institutions seeking diversified exposure to a variety of asset classes through a single investment. The selection of funds is based on stringent criteria, including fund performance, management quality, and the potential for income generation, in alignment with the company’s goal to deliver steady and taxable returns to its investors.
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