ETF spotlight on PowerShares CEF Income Composite Portfolio ETF (NYSEArca: PCEF), part of an ongoing series.
Assets: $270.3 million.
Objective: The PowerShares CEF Income Composite Portfolio fund tries to reflect the performance of the S-Network Composite Closed-End Fund Index. The fund is a type of “fund-of-funds” in that it tracks U.S.-listed closed-end funds. [5 ETFs for Income]
Holdings: Top holdings include: Eaton Vance Tax-Managed Global Diversified Equity Income Fund 5.8%, AllianceBernstein Income Fund 3.8%, Eaton Vance Tax-Managed Diversified Equity Income Fund 3.0%, Eaton Vance Limited Duration Income Fund 2.9% and Nuveen Mutli-Strategy Income & Growth Fund 2.5%.