PCEF: Understanding The Structure And Suitability Of This CEF ETF (NYSEARCA:PCEF)

The Invesco CEF Income Composite ETF (PCEF) is an exchange-traded index fund that aims to track the price and yield performance of the S-Network Composite Closed-End Fund Index. As the name of the index suggests, this is an index that consists of closed-end funds that manage assets on behalf of investors in an attempt to obtain money that is used to pay a distribution to investors. As might be expected based on this description, the index will generally have one of the highest yields of any asset available ...