Key stats
About Invesco CEF Income Composite ETF
Home page
Inception date
Feb 19, 2010
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
PCEF hunts for yield among publicly-traded closed-end funds (CEFs). CEFs differ from ETFs in that they are closed for additional new investment and share creation. Lacking ETF's baked-in creation/redemption plumbing, CEFs have no outlet for arbitrage to keep market price in line with fair value, so CEFs often trade at discounts or premiums. PCEF favors CEFs that trade at discounts on the theory that such funds are more likely to appreciate in value and because it increases the yield relative to actual price paid. PCEF holds three flavors of CEFs: Investment-grade fixed income, high-yield fixed income and equity covered-call strategies. The fund competes directly to its upstart ETF-of-CEFs rival, YYY. The fund and the index are rebalanced and reconstituted quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.00%
Cash0.00%
Rights & Warrants0.00%
Top 10 holdings
Dividends
Dividend payout history