Invesco CEF Income Composite ETF Key Executives
This section highlights Invesco CEF Income Composite ETF's key executives, including their titles and compensation details.
Find Contacts at Invesco CEF Income Composite ETF
( total contacts)
Invesco CEF Income Composite ETF Earnings
This section highlights Invesco CEF Income Composite ETF's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|
Invesco CEF Income Composite ETF (PCEF)
The fund generally will invest at least 90% of its total assets in the components of the index. It is a “fund of funds,” meaning that it invests its assets in the common shares of funds included in the index rather than in individual securities. The index is designed to measure the overall performance of a universe of U.S.-listed closed-end funds that are organized under the laws of the United States and are principally engaged in asset management processes designed to produce taxable annual yield.
$18.30
Stock Price
$779.68M
Market Cap
-
Employees
None, None
Location
Financial Statements
Access annual & quarterly financial statements for Invesco CEF Income Composite ETF, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown |
|---|
| Revenue |
| Cost of Revenue |
| Gross Profit |
| Gross Profit Ratio |
| Research and Development Expenses |
| General and Administrative Expenses |
| Selling and Marketing Expenses |
| Selling General and Administrative Expenses |
| Other Expenses |
| Operating Expenses |
| Cost and Expenses |
| Interest Income |
| Interest Expense |
| Depreciation and Amortization |
| EBITDA |
| EBITDA Ratio |
| Operating Income |
| Operating Income Ratio |
| Total Other Income Expenses Net |
| Income Before Tax |
| Income Before Tax Ratio |
| Income Tax Expense |
| Net Income |
| Net Income Ratio |
| EPS |
| EPS Diluted |
| Weighted Average Shares Outstanding |
| Weighted Average Shares Outstanding Diluted |
| SEC Filing |
| Breakdown |
|---|
| Revenue |
| Cost of Revenue |
| Gross Profit |
| Gross Profit Ratio |
| Research and Development Expenses |
| General and Administrative Expenses |
| Selling and Marketing Expenses |
| Selling General and Administrative Expenses |
| Other Expenses |
| Operating Expenses |
| Cost and Expenses |
| Interest Income |
| Interest Expense |
| Depreciation and Amortization |
| EBITDA |
| EBITDA Ratio |
| Operating Income |
| Operating Income Ratio |
| Total Other Income Expenses Net |
| Income Before Tax |
| Income Before Tax Ratio |
| Income Tax Expense |
| Net Income |
| Net Income Ratio |
| EPS |
| EPS Diluted |
| Weighted Average Shares Outstanding |
| Weighted Average Shares Outstanding Diluted |
| SEC Filing |
Annual Balance Sheet
| Breakdown |
|---|
| Cash and Cash Equivalents |
| Short Term Investments |
| Cash and Short Term Investments |
| Net Receivables |
| Inventory |
| Other Current Assets |
| Total Current Assets |
| Property Plant Equipment Net |
| Goodwill |
| Intangible Assets |
| Goodwill and Intangible Assets |
| Long Term Investments |
| Tax Assets |
| Other Non-Current Assets |
| Total Non-Current Assets |
| Other Assets |
| Total Assets |
| Account Payables |
| Short Term Debt |
| Tax Payables |
| Deferred Revenue |
| Other Current Liabilities |
| Total Current Liabilities |
| Long Term Debt |
| Deferred Revenue Non-Current |
| Deferred Tax Liabilities Non-Current |
| Other Non-Current Liabilities |
| Total Non-Current Liabilities |
| Other Liabilities |
| Total Liabilities |
| Preferred Stock |
| Common Stock |
| Retained Earnings |
| Accumulated Other Comprehensive Income Loss |
| Other Total Stockholders Equity |
| Total Stockholders Equity |
| Total Equity |
| Total Liabilities and Stockholders Equity |
| Minority Interest |
| Total Liabilities and Total Equity |
| Total Investments |
| Total Debt |
| Net Debt |
Balance Sheet Charts
| Breakdown |
|---|
| Cash and Cash Equivalents |
| Short Term Investments |
| Cash and Short Term Investments |
| Net Receivables |
| Inventory |
| Other Current Assets |
| Total Current Assets |
| Property Plant Equipment Net |
| Goodwill |
| Intangible Assets |
| Goodwill and Intangible Assets |
| Long Term Investments |
| Tax Assets |
| Other Non-Current Assets |
| Total Non-Current Assets |
| Other Assets |
| Total Assets |
| Account Payables |
| Short Term Debt |
| Tax Payables |
| Deferred Revenue |
| Other Current Liabilities |
| Total Current Liabilities |
| Long Term Debt |
| Deferred Revenue Non-Current |
| Deferred Tax Liabilities Non-Current |
| Other Non-Current Liabilities |
| Total Non-Current Liabilities |
| Other Liabilities |
| Total Liabilities |
| Preferred Stock |
| Common Stock |
| Retained Earnings |
| Accumulated Other Comprehensive Income Loss |
| Other Total Stockholders Equity |
| Total Stockholders Equity |
| Total Equity |
| Total Liabilities and Stockholders Equity |
| Minority Interest |
| Total Liabilities and Total Equity |
| Total Investments |
| Total Debt |
| Net Debt |
Annual Cash Flow
| Breakdown |
|---|
| Net Income |
| Depreciation and Amortization |
| Deferred Income Tax |
| Stock Based Compensation |
| Change in Working Capital |
| Accounts Receivables |
| Inventory |
| Accounts Payables |
| Other Working Capital |
| Other Non Cash Items |
| Net Cash Provided by Operating Activities |
| Investments in Property Plant and Equipment |
| Acquisitions Net |
| Purchases of Investments |
| Sales Maturities of Investments |
| Other Investing Activities |
| Net Cash Used for Investing Activities |
| Debt Repayment |
| Common Stock Issued |
| Common Stock Repurchased |
| Dividends Paid |
| Other Financing Activities |
| Net Cash Used Provided by Financing Activities |
| Effect of Forex Changes on Cash |
| Net Change in Cash |
| Cash at End of Period |
| Cash at Beginning of Period |
| Operating Cash Flow |
| Capital Expenditure |
| Free Cash Flow |
Cash Flow Charts
| Breakdown |
|---|
| Net Income |
| Depreciation and Amortization |
| Deferred Income Tax |
| Stock Based Compensation |
| Change in Working Capital |
| Accounts Receivables |
| Inventory |
| Accounts Payables |
| Other Working Capital |
| Other Non Cash Items |
| Net Cash Provided by Operating Activities |
| Investments in Property Plant and Equipment |
| Acquisitions Net |
| Purchases of Investments |
| Sales Maturities of Investments |
| Other Investing Activities |
| Net Cash Used for Investing Activities |
| Debt Repayment |
| Common Stock Issued |
| Common Stock Repurchased |
| Dividends Paid |
| Other Financing Activities |
| Net Cash Used Provided by Financing Activities |
| Effect of Forex Changes on Cash |
| Net Change in Cash |
| Cash at End of Period |
| Cash at Beginning of Period |
| Operating Cash Flow |
| Capital Expenditure |
| Free Cash Flow |
Invesco CEF Income Composite ETF Dividends
Explore Invesco CEF Income Composite ETF's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
-
Dividend Payout Ratio
-
Dividend Paid & Capex Coverage Ratio
x
Invesco CEF Income Composite ETF Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.1309 | $0.1309 | April 21, 2025 | April 21, 2025 | April 25, 2025 | |
| $0.1359 | $0.1359 | March 24, 2025 | March 24, 2025 | March 28, 2025 | January 14, 2025 |
| $0.13599 | $0.13599 | February 24, 2025 | February 24, 2025 | February 28, 2025 | |
| $0.13604 | $0.13604 | January 21, 2025 | January 21, 2025 | January 24, 2025 | |
| $0.13605 | $0.13605 | December 23, 2024 | December 23, 2024 | December 27, 2024 | |
| $0.13602 | $0.13602 | November 18, 2024 | November 18, 2024 | November 22, 2024 | January 05, 2024 |
| $0.1361 | $0.1361 | October 21, 2024 | October 21, 2024 | October 25, 2024 | January 05, 2024 |
| $0.13405 | $0.13405 | September 23, 2024 | September 23, 2024 | September 27, 2024 | January 05, 2024 |
| $0.14306 | $0.14306 | August 19, 2024 | August 19, 2024 | August 23, 2024 | January 05, 2024 |
| $0.14305 | $0.14305 | July 22, 2024 | July 22, 2024 | July 26, 2024 | January 05, 2024 |
| $0.14301 | $0.14301 | June 24, 2024 | June 24, 2024 | June 28, 2024 | January 05, 2024 |
| $0.14299 | $0.14299 | May 20, 2024 | May 21, 2024 | May 24, 2024 | January 05, 2024 |
| $0.14298 | $0.14298 | April 22, 2024 | April 23, 2024 | April 26, 2024 | January 05, 2024 |
| $0.14297 | $0.14297 | March 18, 2024 | March 19, 2024 | March 22, 2024 | January 05, 2024 |
| $0.14289 | $0.14289 | February 20, 2024 | February 21, 2024 | February 23, 2024 | January 05, 2024 |
| $0.14117 | $0.14117 | January 22, 2024 | January 23, 2024 | January 26, 2024 | January 05, 2024 |
| $0.13001 | $0.13001 | December 18, 2023 | December 19, 2023 | December 22, 2023 | January 02, 2023 |
| $0.13861 | $0.13861 | November 20, 2023 | November 21, 2023 | November 24, 2023 | January 02, 2023 |
| $0.13099 | $0.13099 | October 23, 2023 | October 24, 2023 | October 27, 2023 | January 02, 2023 |
| $0.13099 | $0.13099 | September 18, 2023 | September 19, 2023 | September 22, 2023 | January 02, 2023 |
Invesco CEF Income Composite ETF News
Read the latest news about Invesco CEF Income Composite ETF, including recent articles, headlines, and updates.
VIDEO: ETF of the Week: PCEF
On this week's episode of “ETF of the Week,” Chuck Jaffe of “Money Life” discussed the Invesco CEF Income Composite ETF (PCEF) with Roxanna Islam, head of sector and industry research at VettaFi. The pair discussed several topics related to the fund to give investors a deeper understanding of the ETF overall.
15 Years Of PCEF: An ETF Of CEFs
The Invesco CEF Income Composite ETF (PCEF), which celebrated its 15th anniversary last week is the oldest and largest ETF of closed-end funds. With close to $830 million in assets, it stands out as the only fund with the primary objective of benchmarking taxable closed-end funds. PCEF takes a broad view of the taxable closed-end fund market and invests in taxable investment-grade fixed income CEFs, taxable high yield fixed income CEFs, and equity option CEFs. PCEF gives a larger weight to holdings with wider discounts to net asset value (NAV). Buying CEFs at wider discounts has historically led to higher returns.
15 Years of PCEF: An ETF of CEFs
The Invesco CEF Income Composite ETF (PCEF), the oldest and largest ETF of closed-end funds, celebrated its 15th anniversary last week. With close to $830 million in assets, it stands out as the only fund with the primary objective of benchmarking taxable closed-end funds (which includes nearly all funds except municipal bond funds).
Very Bad News For Closed-End Funds
Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.
PCEF: An Index Fund Of Funds Generating Monthly Income
Invesco CEF Income Composite ETF is a diversified fund of funds, ideal for investors seeking a broad CEF index. The PCEF ETF pays a monthly distribution of 8.72% annually, with a history of paying out 14 years of consecutive dividends. In a comparison to peers, PCEF lags in performance, suggesting there may be better choices depending on investor preferences.
PCEF: Hefty Expenses And Value Erosion
The Invesco CEF Income Composite ETF holds 112 closed-end funds, mostly invested in U.S. stocks and bonds. Its total expense ratio is about 3% and its aggregate discount isn't very attractive. PCEF has suffered inflation-adjusted decay in both capital and income.
ETFs Of Closed-End Funds: Unexpected Growth Opportunities
The universe of ETFs of CEFs is small, but Invesco CEF Income Composite ETF has significantly more assets and a longer history than the rest. PCEF diversifies away some risk, but it is more concentrated among a few managers than the broader CEF universe. Indexing isn't always perfect, but indexed products like PCEF help reduce some of the risk behind security selection while following opportunities in the broader universe in unexpected areas like healthcare tech, science, and technology.
PCEF: For Those Who Like Closed-End Fund Yield
Closed-end funds (CEFs) are an interesting investment option that maintain a constant share quantity and can be bought and sold on stock exchanges. The Invesco CEF Income Composite ETF is a fund-of-funds that diversifies its portfolio by investing in various CEFs. PCEF has a diverse set of holdings, with a near 50/50 split between stocks and bonds, and a current yield of about 9.59%.
Invesco CEF Income Composite ETF: A Rally To Sell Into, Others Preferred
Invesco CEF Income Composite ETF is based on the S-Network Composite Closed-End Fund Index and focuses on producing attractive yields. PCEF charges a high total expense ratio of about 3% due to fees of the underlying funds held. PCEF's performance has been disappointing with annualized returns of 6% over the long run, and there are better performing alternatives available at significant discounts to NAV.
Consider Selling PCEF And Buying CEFS Instead
Invesco CEF Income Composite ETF offers diversified exposure to income-producing closed-end funds with a strong 10.1% yield. Saba Closed-End Funds ETF has a stronger performance track record, due to savvy investment decisions and activist campaigns, making it my preferred choice over PCEF. An overview of PCEF, and a comparison to CEFS, follows.
PCEF: A High-Yield Alternative Poised To Rally Into 2024
Invesco CEF Income Composite ETF is an "ETF of CEFs" that tracks a basket of income-focused closed-end funds. The fund offers a 10% yield through a monthly distribution. We see the macro backdrop as positive for this unique market segment going forward.
PCEF: History Tells Us It's Not A Safe Income Fund
Invesco CEF Income Composite ETF is a fund of funds with 114 holdings and a 12-month distribution yield of 9.97%. PCEF's performance has lagged behind its competitor CEFS and has experienced a downtrend in both price and distribution. PCEF may not be a good long-term investment for preserving income and capital, but it may be useful for tactical allocation and swing trading.
PCEF: Is It A Good Time To Enter This CEF Aggregator? We Think Not
The Invesco CEF Income Composite ETF (PCEF) is an aggregator of closed-end funds (CEFs) and has a high 30-day SEC yield of 8.85%. PCEF's performance is driven by the underlying funds' risk factors and their discounts to NAV, with a beta to risk-off events. The author believes the current market rally is unsustainable and recommends selling PCEF now to pick it up 15% lower later in the year.
PCEF Beckons for Bargain Shoppers, Income Investors
With just one month left in 2022, now is an opportune time for investors to do some bargain hunting and tax-loss harvesting with beaten-down assets. When it comes to income-generating asset classes, closed-end funds are among the viable options for year-end considerations.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for PCEF.