YYY - Invesco CEF Income Composite Portfolio ETF: Diversified Exposure Closed-End-Fund Yields 7.1%
The Invesco CEF Income Composite Portfolio ETF (NYSE:PCEF) tracks a basket of income-focused closed-end funds. "CEFs" are actively managed investment vehicles that may employ leverage or options-based strategies to support a higher level of regular income and distribution yields. PCEF is essentially a fund of funds or an "ETF of CEFs" providing investors exposure to a wide range of funds each with potentially different strategies and portfolio holdings. In contrast to ETFs, CEFs trade with a fixed number of shares resulting in some funds either trading at a discount or premium to the