Invesco CEF Income Composite ETF
$19.41−0.04 (−0.21%)
- 2.76%
- $766M
- +5.9%
- 7.74%
- 0.1M sh
- $19.52
- low $18.30high $20.60
The ETF.net PCEF Grade
B
Score 56 out of 100
- 3 of 7
Score 56 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.C42 out of 100Rank 4 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.B67 out of 100Rank 2 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A85 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
BClosed-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
- 109
- 29%
- EXG
Sectors
- Financials34.7%
- Technology26.4%
- Industrials6.4%
- Health Care6.3%
- Consumer Discretionary6.2%
- Communication5.7%
- Energy4.6%
- Utilities3.1%
- Consumer Staples2.8%
- Materials2.8%
- 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.
PCEF$10,593
Returns run to the Oct 12, 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 | +3.5% |
| 1 month | −2.1% |
| 3 months | −2.8% |
| 1 year | +5.9% |
| 3 years | +13.9% |
| 5 years | +4.3% |
| 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 | +3.5% | |
| 2025 | +12.6% | |
| 2024 | +16.7% | |
| 2023 | +9.4% | |
| 2022 | −18.6% | |
| 2021 | +15.4% | |
| 2020 | +4.7% |
PCEF in the news
PCEF Dividends
- 7.74%
- $1.51
- $0.11 per share
- Monthly
Distribution history
PCEF Risk
- 10.5%
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.
- 0.82
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
2.76%
PCEF2.76%
- The middle half of Closed-End Fund Portfolios funds
- Median 2.76%
3 of the 7 Closed-End Fund Portfolios funds charge less.
Other funds in Closed-End Fund Portfolios
- BFCEFFirst Trust Income Opportunities ETFExpense ratio 0.85%1 year return +8.1%
- BCCEFCalamos CEF Income & Arbitrage ETFExpense ratio 0.74%1 year return +8.9%
- CCEFSSaba Opportunistic Hedged Closed-End Funds ETFExpense ratio 1.11%1 year return +16.3%
- CYYYAmplify CEF High Income ETFExpense ratio 3.23%1 year return +1.0%
- DCEFZRiverNorth Active Income ETFExpense ratio 2.82%1 year return +7.7%