Invesco CEF Income Composite ETF (PCEF)
| Assets | $804.63M |
| Expense Ratio | 3.08% |
| PE Ratio | 17.74 |
| Shares Out | 41.54M |
| Dividend (ttm) | $1.68 |
| Dividend Yield | 8.73% |
| Ex-Dividend Date | Oct 21, 2024 |
| Payout Ratio | 154.90% |
| 1-Year Return | +19.39% |
| Volume | 221,038 |
| Open | 19.31 |
| Previous Close | 19.33 |
| Day's Range | 19.21 - 19.36 |
| 52-Week Low | 16.60 |
| 52-Week High | 19.76 |
| Beta | 0.85 |
| Holdings | 112 |
| Inception Date | Feb 19, 2010 |
About PCEF
Fund Home PageThe Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund that is based on the SNET Composite Closed-End Fund index. The fund tracks an index of three types of yield-focused closed-end funds: investment-grade fixed-income, high-yield fixed-income, and option-writing. Larger CEFs and those that trade at discount receive higher weights. PCEF was launched on Feb 19, 2010 and is issued by Invesco.
Top 10 Holdings
29.08% of assets| Name | Symbol | Weight |
|---|---|---|
| Eaton Vance Tax-Managed Global Diversified Equity Income Fund | EXG | 4.41% |
| BlackRock Innovation and Growth Term Trust | BIGZ | 3.10% |
| BlackRock Health Sciences Term Trust | BMEZ | 2.97% |
| Nuveen Preferred & Income Opportunities Fund | JPC | 2.94% |
| BlackRock Science and Technology Term Trust | BSTZ | 2.77% |
| Eaton Vance Tax-Managed Diversified Equity Income Fund | ETY | 2.76% |
| BlackRock Enhanced Equity Dividend Trust | BDJ | 2.69% |
| BlackRock ESG Capital Allocation Term Trust | ECAT | 2.55% |
| Nuveen S&P 500 Buy-Write Income Fund | BXMX | 2.45% |
| BlackRock Capital Allocation Term Trust | BCAT | 2.44% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 21, 2024 | $0.1361 | Oct 25, 2024 |
| Sep 23, 2024 | $0.13405 | Sep 27, 2024 |
| Aug 19, 2024 | $0.14306 | Aug 23, 2024 |
| Jul 22, 2024 | $0.14305 | Jul 26, 2024 |
| Jun 24, 2024 | $0.14301 | Jun 28, 2024 |
| May 20, 2024 | $0.14299 | May 24, 2024 |
News
PCEF: Hefty Expenses And Value Erosion
The Invesco CEF Income Composite ETF holds 112 closed-end funds, mostly invested in U.S. stocks and bonds. Its total expense ratio is about 3% and its aggregate discount isn't very attractive. PCEF ha...
ETFs Of Closed-End Funds: Unexpected Growth Opportunities
The universe of ETFs of CEFs is small, but Invesco CEF Income Composite ETF has significantly more assets and a longer history than the rest. PCEF diversifies away some risk, but it is more concentrat...
PCEF: For Those Who Like Closed-End Fund Yield
Closed-end funds (CEFs) are an interesting investment option that maintain a constant share quantity and can be bought and sold on stock exchanges. The Invesco CEF Income Composite ETF is a fund-of-fu...
Invesco CEF Income Composite ETF: A Rally To Sell Into, Others Preferred
Invesco CEF Income Composite ETF is based on the S-Network Composite Closed-End Fund Index and focuses on producing attractive yields. PCEF charges a high total expense ratio of about 3% due to fees o...
Consider Selling PCEF And Buying CEFS Instead
Invesco CEF Income Composite ETF offers diversified exposure to income-producing closed-end funds with a strong 10.1% yield. Saba Closed-End Funds ETF has a stronger performance track record, due to s...
PCEF: A High-Yield Alternative Poised To Rally Into 2024
Invesco CEF Income Composite ETF is an "ETF of CEFs" that tracks a basket of income-focused closed-end funds. The fund offers a 10% yield through a monthly distribution. We see the macro backdrop as p...
PCEF: History Tells Us It's Not A Safe Income Fund
Invesco CEF Income Composite ETF is a fund of funds with 114 holdings and a 12-month distribution yield of 9.97%. PCEF's performance has lagged behind its competitor CEFS and has experienced a downtre...
PCEF: Is It A Good Time To Enter This CEF Aggregator? We Think Not
The Invesco CEF Income Composite ETF (PCEF) is an aggregator of closed-end funds (CEFs) and has a high 30-day SEC yield of 8.85%. PCEF's performance is driven by the underlying funds' risk factors and...
Earning Income Through ETFs Of CEFs
Many investors are unfamiliar with the closed-end fund structure or uncomfortable with their premium/discount volatility. There are only a few options for ETFs of CEFs, but they are all very different...
PCEF: A 9% Yield ETF With A Concerning Track Record
PCEF: A 9% Yield ETF With A Concerning Track Record
3 ETFs With Strong, Sustainable, Growing Dividends For Aggressive Long-Term Investors
Asset prices have declined since early 2022. Lower asset prices have caused yields to rise. Some funds offer strong +8.0% yields, and strong dividend growth too.
PCEF: Diversified Fund Of CEFs, Strong, Growing 8.4% Dividend Yield, Good Performance Track Record
PCEF is a diversified fund of CEFs. PCEF provides investors with exposure to hundreds of income-producing CEFs, yields 8.4%, and has seen moderate dividend growth these past twelve months.
Juan's Top High Yield ETFs For 2023
I mostly write about dividend-paying equity and bond ETFs, perfect for income investors and retirees. Some of these are offering particularly high yields right now, and seem well-positioned for 2023.
PCEF Vs. CEFS: 2 Diversified Fund Of CEFs, 2 Strong +8.0% Yields, Both Buys
PCEF and CEFS are two ETFs investing in a diversified portfolio CEFs. Although both funds have broadly similar strategies, holdings, and strong +8% yields, there are important differences between thes...
PCEF: A Fund Of Funds With An 8.6% Yield And A Caveat
PCEF selects and weights closed-end funds using a rule-based strategy. The history of share price and distributions is worrying.
PCEF: A Fund-Of-Funds Approach To CEF Investing
The Invesco CEF Income Composite Portfolio ETF uses a fund-of-funds approach to invest in high-yielding close-end-funds. It pays an attractive monthly distribution that yields 8.6% on an LTM basis.
The 3 Best Index Funds For Long-Term Investors
Index funds provide investors with cheap, diversified exposure to different securities and asset classes. Some index funds are fantastic long-term investments due to their diversification, total retur...
PCEF Vs. YYY: 2 CEF Fund Of Funds, +8% Yields, 1 Clear Winner
PCEF and YYY are both CEF fund of funds. Both funds share many similarities, have strong yields, and are popular investments in retirement circles.
PCEF: Fund-Of-Funds In An ETF Format, 7.9% Yield
The Invesco CEF Income Composite ETF PCEF is a fund-of-funds that was structured as an exchange traded fund. The vehicle contains over 150 CEF names in its portfolio.
PCEF: Shrinking Capital And Income
PCEF holds 125 closed-end funds chosen with systematic rules. It has suffered significant capital and distribution decay since inception.
CEF Report January 2022: Not Nearly As Good As Last Year
CEFs had a great year in 2021. But this year looks decidedly different as we start at different valuations and have more headwinds.
PCEF: A Failed Rebalancing Trade
PCEF rebalanced its holdings at the end of last month. The last two quarters saw outsized moves in the additions and deletions on rebalancing day.
PCEF: CEF Fund Of Funds, Diversified Holdings, Strong 6.8% Dividend Yield, Market-Beating Returns
PCEF invests in hundreds of bond and equity CEFs. It provides all the diversification income investors and retirees need, and yields 6.8%.