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Investors, Get 7.4% From a Fund of Funds

TedTed
edited April 2015 in Fund Discussions
FYI: PowerShares CEF Income Composite Portfolio invests in income-oriented closed-end funds that sell at bargain prices.
Regards,
Ted
http://www.kiplinger.com/printstory.php?pid=13418

M* Snapshot PCEF: http://etfs.morningstar.com/quote?t=PCEF&region=usa&culture=en-US

PCEF Is Ranked #30 In The (IF) Fund Category By U.S. News & World Report:
http://money.usnews.com/funds/etfs/income-funds/powershares-cef-income-composite-portfolio/pcef

Comments

  • Hmmm ... it delivers a 7.4% yield with a 6.45% total return, annualized over five years. Negative alpha and high beta against its "best fit" index over the past three years; Morningstar doesn't provide the five-year best fit data.

    In a move that only Morningstar could love, they rate it as "high risk" within its category; then note that the category holds a total of four funds.

    David
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