Invesco CEF Income Composite ETF (PCEF)
| Assets | $817.74M |
| Expense Ratio | 3.07% |
| PE Ratio | n/a |
| Shares Out | 41.80M |
| Dividend (ttm) | $1.62 |
| Dividend Yield | 8.25% |
| Ex-Dividend Date | Jul 21, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 103,616 |
| Open | 19.60 |
| Previous Close | 19.57 |
| Day's Range | 19.54 - 19.67 |
| 52-Week Low | 16.35 |
| 52-Week High | 19.95 |
| Beta | 0.77 |
| Holdings | 113 |
| 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
26.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Eaton Vance Tax-Managed Global Diversified Equity Income Fund | EXG | 4.11% |
| Nuveen Preferred & Income Opportunities Fund | JPC | 2.68% |
| Blackrock Sci & Tech Trm Tr | n/a | 2.55% |
| Eaton Vance Tax-Managed Diversified Equity Income Fund | ETY | 2.53% |
| Nuveen S&P 500 Buy-Write Income Fund | BXMX | 2.50% |
| Blackrock Tech & Priv Eqty | n/a | 2.50% |
| Eaton Vance Tax-Managed Buy-Write Opportunities Fund | ETV | 2.42% |
| BlackRock Enhanced Equity Dividend Trust | BDJ | 2.39% |
| BlackRock Capital Allocation Term Trust | BCAT | 2.31% |
| Virtus Dividend, Interest & Premium Strategy Fund | NFJ | 2.28% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 21, 2025 | $0.13078 | Jul 25, 2025 |
| Jun 23, 2025 | $0.13081 | Jun 27, 2025 |
| May 19, 2025 | $0.13087 | May 23, 2025 |
| Apr 21, 2025 | $0.1309 | Apr 25, 2025 |
| Mar 24, 2025 | $0.1359 | Mar 28, 2025 |
| Feb 24, 2025 | $0.13599 | Feb 28, 2025 |
Performance
PCEF had a total return of 12.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.68%.
News
PCEF: Still A Sell On A Relative Value Basis
PCEF is a passive fund-of-funds ETF, mainly extracting dividends from closed-end funds. While PCEF offers decent long-term returns and yield, it lacks the active management needed to exploit CEF marke...
CEFS Vs. PCEF: Saba's Management Is Worth The Fees
Closed-end funds offer high dividends and liquidity, appealing to income investors, but require skillful timing due to NAV volatility. Invesco CEF Income Composite ETF provides diversified CEF exposur...
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 t...
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide d...
PCEF: An Index Fund Of Funds Generating Monthly Income
Invesco CEF Income Composite ETF is a diversified fund of funds, ideal for investors seeking a broad CEF index. The PCEF ETF pays a monthly distribution of 8.72% annually, with a history of paying out...
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.