Invesco CEF Income Composite ETF
The ETF.net PCEF Grade
B
Score 63 out of 100
- 1 of 7
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B65 out of 100Rank 2 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 2Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C46 out of 100Rank 5 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B58 out of 100Rank 3 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A82 out of 100Rank 2 of 7Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A85 out of 100Rank 1 of 7
Our read on PCEF
In short
BOne ticker, roughly 110 closed-end funds. PCEF has tracked the S-Network Composite Closed-End Fund Index since 2010, favoring CEFs priced below net asset value and paying out monthly. Cost: 2.71%, net of a waiver through August 31, 2027.
Stated mandate
The Fund is based on the S-Network Composite Closed-End Fund Index and normally invests at least 90% of total assets in funds included in that Index. It operates as a fund-of-funds, investing in those funds rather than individual securities.
Why people hold it
Worth knowing
PCEF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PCEF$10,319
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PCEF |
|---|---|
| Year to date | +2.5% |
| 1 month | −0.4% |
| 3 months | −2.7% |
| 1 year | +3.2% |
| 3 years | +14.8% |
| 5 years | +3.7% |
| 10 years | +6.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PCEF |
|---|---|---|
| 2026 YTD | +2.5% | |
| 2025 | +12.6% | |
| 2024 | +16.7% | |
| 2023 | +9.4% | |
| 2022 | −18.6% | |
| 2021 | +15.4% | |
| 2020 | +4.7% |
PCEF in the news
PCEF Dividends
- 7.78%
- $1.49
- $0.11 per share
- Monthly
PCEF Risk
- 10.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.99
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PCEF Cost
Overpaying vs CEFS, cheapest in Closed-End Fund Portfolios
$1,029
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PCEF 2.71%
$40,863
CEFS 2.61% Cheapest
$39,834
Cost over time
Year by year
| Year | PCEF | CEFS | Overpaying |
|---|---|---|---|
| 10 | $4,451 | $4,305 | $146 |
| 20 | $15,531 | $15,082 | $449 |
| 30 | $40,863 | $39,834 | $1,029 |
You pay 2.71%Waived by Invesco 0.05%
Full fee 2.76% waiver 0.05% you pay 2.71%
Other funds in Closed-End Fund Portfolios
- BCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 2.61%1 year return +13.4%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return −0.5%
- CCEFZRiverNorth Active Income ETFExpense ratio 2.82%1 year return +5.6%
- CFCEFFirst Trust Income Opportunities ETFExpense ratio 3.69%1 year return +7.3%
- CCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 3.19%1 year return +7.0%
