Invesco CEF Income Composite ETFPCEF
PCEF
0
Funds holding %
of 6,780 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
88% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 8
6% more funds holding
Funds holding: 113 [Q2] → 120 (+7) [Q3]
6% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 35
3% less capital invested
Capital invested by funds: $365M [Q2] → $354M (-$11M) [Q3]
4.93% less ownership
Funds ownership: 48.1% [Q2] → 43.17% (-4.93%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PCEF.
Financial journalist opinion
Positive
24/7 Wall Street
2 weeks ago
5 Top ETFs to Buy For Huge Passive Income In November
Google the words “passive income” with the title in an online search, and you'll get about 437,000 results.
Neutral
Seeking Alpha
4 months ago
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 has suffered inflation-adjusted decay in both capital and income.
Positive
Seeking Alpha
5 months ago
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 concentrated among a few managers than the broader CEF universe. Indexing isn't always perfect, but indexed products like PCEF help reduce some of the risk behind security selection while following opportunities in the broader universe in unexpected areas like healthcare tech, science, and technology.
Positive
ETF Trends
5 months ago
ETFs of Closed-End Funds: Unexpected Growth Opportunities
For income-seeking investors, closed-end funds (CEFs) offer relatively high distributions and the potential to buy these shares at a discount to the fund's NAV. But these are lesser known fund structures.
Positive
Seeking Alpha
7 months ago
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-funds that diversifies its portfolio by investing in various CEFs. PCEF has a diverse set of holdings, with a near 50/50 split between stocks and bonds, and a current yield of about 9.59%.
Negative
Seeking Alpha
9 months ago
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 of the underlying funds held. PCEF's performance has been disappointing with annualized returns of 6% over the long run, and there are better performing alternatives available at significant discounts to NAV.
Neutral
Seeking Alpha
9 months ago
Passive Vs. Active ETFs Of CEFs
While ETFs are traditionally passive products, active opportunities in the broader ETF market have been growing significantly over the past few years. Active ETFs of CEFs have historically had lower distribution rates than their passive counterparts.
Neutral
ETF Trends
9 months ago
Passive vs. Active ETFs of CEFs
Closed-end funds (CEFs) are relatively under the radar compared to peers like exchange-traded funds (ETFs) and mutual funds. Closed-end funds are generally desirable for two reasons: 1) high income; and 2) premium/discount mechanism.
Positive
Seeking Alpha
11 months ago
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 savvy investment decisions and activist campaigns, making it my preferred choice over PCEF. An overview of PCEF, and a comparison to CEFS, follows.
Positive
Seeking Alpha
1 year ago
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 positive for this unique market segment going forward.
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