Invesco CEF Income Composite ETFPCEF
PCEF
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
129% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 7
5% more capital invested
Capital invested by funds: $354M [Q3] → $372M (+$18.1M) [Q4]
5% more funds holding
Funds holding: 122 [Q3] → 128 (+6) [Q4]
2.9% more ownership
Funds ownership: 43.2% [Q3] → 46.11% (+2.9%) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 39
Research analyst outlook
We haven’t received any recent analyst ratings for PCEF.
Financial journalist opinion
Neutral
ETF Trends
4 weeks ago
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.
Positive
Seeking Alpha
1 month ago
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.
Neutral
ETF Trends
2 months ago
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).
Negative
Seeking Alpha
2 months ago
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 diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
Neutral
24/7 Wall Street
2 months ago
7 Top ETFs to Buy For Huge Passive Income In February
While most citizens in general are hurt by higher interest rates and their correspondingly higher product and service prices due to inflation, there is one demographic that seizes opportunity in those periods: income-oriented investors.
Neutral
Seeking Alpha
3 months ago
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 14 years of consecutive dividends. In a comparison to peers, PCEF lags in performance, suggesting there may be better choices depending on investor preferences.
Positive
24/7 Wall Street
5 months 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
9 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
10 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
10 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.
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