What You Should Know:
- Invesco PowerShares sponsors the fund.
- PCEF has an expense ratio of 1.62%.
- The fund holds 123 securities.
- Investment categories include: bonds 44.9%, high-yield 19.5% and option income 35.6%.
- The ETF is up 3.4% over the past month, up 12.9% over the last three months and up 6.8% over the past year.
- The fund is 3.3% above its 200-day exponential moving average.
- PCEF has a 12-month yield of 8.2%.
- Closed-end funds include a group of publicly traded investment companies that garner a fixed amount of capital through the initial public offering. Afterward, the fund is structured and listed like a normal stock.
The Latest News:
- “Investment trusts have outperformed open-ended funds over the long term, over most timescales, in almost all key comparable sectors,” Alan Brierley, analyst at Collins Stewart, said in a Financial Times report.
- Brierley, though, notes that asset growth in closed-end funds have been comparably smaller than mutual fund growth because of their greater volatility due to their stock market listings.
PowerShares CEF Income Composite Portfolio ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.