Invesco CEF Income Composite ETF

Frequently Asked Questions About PCEF

What does PCEF invest in?

The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund structured to track the performance of the S-Network Composite Closed-End Fund IndexSM. Functioning as a "fund-of-funds," this ETF primarily invests at least 90% of its total assets directly into the common shares of the closed-end funds that constitute its benchmark, foregoing direct investment in individual securities. The underlying Index encompasses closed-end funds (CEFs) that allocate capital to taxable investment-grade bonds, taxable high-yield bonds, and others that employ an equity option selling strategy. Both PCEF and its reference Index are subject to quarterly rebalancing and reconstitution.

What is the expense ratio of PCEF?

Invesco CEF Income Composite ETF (PCEF) charges an expense ratio of 2.76%. This is the annual fee deducted from fund assets to cover management and operations.

What is PCEF's dividend yield?

PCEF's trailing-twelve-month yield is 7.65%, calculated from the sum of dividends over the past year divided by the current price.

How big is PCEF?

Invesco CEF Income Composite ETF (PCEF) manages $807.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PCEF actively managed or an index fund?

PCEF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PCEF launched?

Invesco CEF Income Composite ETF (PCEF) launched in February 2010 and is managed by Invesco.