About Invesco CEF Income Composite ETF (PCEF)

The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded fund that aims to provide investors with a diversified portfolio of closed-end funds (CEFs) that generate income. With a focus on income generation, PCEF holds a mix of CEFs across various asset classes, including equities, fixed income, and alternative investments. This allows investors to gain exposure to a wide range of income-producing securities within a single ETF. PCEF is designed to provide a high level of income while also offering potential for capital appreciation.

PCEF's investment strategy involves selecting CEFs based on their yield, discount to net asset value (NAV), and liquidity. By investing in CEFs, PCEF takes advantage of the unique structure of these funds, which can trade at a premium or discount to their underlying NAV. This can create opportunities for income generation and capital appreciation as the discounts narrow or widen. PCEF aims to leverage these potential inefficiencies in the CEF market to benefit its investors.