Invesco CEF Income Composite ETF
$19.52−0.23 (−1.16%)
- Expense ratio
- 2.76%
- Fund size
- $789M
- 1Y return
- +5.7%
- Yield · Last 12 months
- 7.62%
- Holdings
- 105
- Volume · 30D
- 0.1M sh
- NAV per share
- $19.78
- 52W range
The ETF.net PCEF Grade
Score 50 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 31Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 62Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 85Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 85Category rank
Our read on PCEF
CClosed-end funds are a hand-sorted corner of the market: dozens of tickers, each with its own discount. PCEF wraps roughly 110 income-focused ones into a single index-tracking ETF and pays monthly.
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
- One ticket into the closed-end fund world: an index-built basket of roughly 110 income CEFs instead of hunting them one ticker at a time.invesco.com
- Distributes monthly and has been running since 2010, a long tenure for a wrapper in this niche.
- Tight mandate: at least 90% of assets sit in the S-Network Composite Closed-End Fund Index, and the fund has tracked that index very closely.
- Solidly in the upper half of its multi-asset allocation peer group on our full review, with high confidence in the underlying data.
Worth knowing
- Cost is the trade-off: 2.76% all-in against a 0.78% cohort median, because the underlying funds' own fees ride along. Peers like AOA charge under 0.20%.
- Closed-end funds trade at prices that can sit above or below their net asset values, so this ride reflects sentiment toward the wrappers, not just their portfolios.
- A mid-size, moderately traded fund rather than one of the category's volume heavyweights.
PCEF Holdings
- Other
- 105
- 29%
- EXG
Sectors
- Financials34.2%
- Technology25.9%
- Industrials6.6%
- Health Care6.3%
- Consumer Discr.6.2%
- Communication6.0%
- Energy4.7%
- Utilities3.3%
- Cons. Staples2.9%
- Materials2.9%
- Real Estate1.0%
Geography
- United States100.00%
PCEF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +5.1% |
| 1 month | −1.8% |
| 3 months | −0.1% |
| 1 year | +5.7% |
| 3 years | +13.7% |
| 5 years | +4.6% |
| 10 years | +6.8% |
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 | +5.1% | |
| 2025 | +12.6% | |
| 2024 | +16.7% | |
| 2023 | +9.4% | |
| 2022 | −18.6% | |
| 2021 | +15.4% | |
| 2020 | +4.7% |
PCEF in the news
ETF.net Research hasn’t filed on PCEF yet — coverage lands here as it’s written.
PCEF Dividends
- 7.62%
- $1.51
- $0.11 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.11 |
| Aug 24, 2026 | Aug 28, 2026 | $0.12 |
| Jul 20, 2026 | Jul 24, 2026 | $0.12 |
| Jun 22, 2026 | Jun 26, 2026 | $0.12 |
| May 18, 2026 | May 22, 2026 | $0.13 |
| Apr 20, 2026 | Apr 24, 2026 | $0.13 |
| Mar 23, 2026 | Mar 27, 2026 | $0.13 |
| Feb 23, 2026 | Feb 27, 2026 | $0.13 |
| Jan 20, 2026 | Jan 23, 2026 | $0.13 |
| Dec 22, 2025 | Dec 26, 2025 | $0.13 |
| Nov 24, 2025 | Nov 28, 2025 | $0.13 |
| Oct 20, 2025 | Oct 24, 2025 | $0.13 |
PCEF Risk
- 10.4%
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.
- 0.84
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.
PCEF Cost
- The middle half of Closed-End Fund Portfolios funds
- Median 1.11%
4 of the 7 Closed-End Fund Portfolios funds charge less.