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  • ETF
  • PCEF
    Pricing Data
    Change: $0.0 (0.0%)
    Time: 05/26/16
    Previous Close: $21.87
  • Category
  • Total Bond Market
Last Updated:



Trading Data

Open: - Volume -
Day Lo - Day Hi -
  • 52 Week Lo: $15.10
  • 52 Week Hi: $21.93
  • AUM: $617.8 M
  • Shares: 28.3 M

Investment Themes

Historical Trading Data

  • 1 Month Avg. Volume: 132,017
  • 3 Month Avg. Volume: 113,775

Alternative ETFs in the Total Bond Market Category

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Type Ticker Expense Ratio Assets Avg. Daily Vol YTD Return
Largest (AUM)
Most Liquid (Volume)
Top YTD Performer

Analyst Report

This ETF is one of the more unique offerings within the ETP lineup, offering exposure to a basket of closed-end funds that invest in various types of fixed income securities. Unlike ETFs, closed-end funds often trade at a premium or discount to their NAV, introducing both another risk factor and an opportunity to enhance current returns. By focusing on CEFs trading at a big discount to NAV, PCEF is able to sport an impressive distribution yield that may make this fund an intriguing option for those looking to beef up current returns. The juicy yields offered by this fund might make PCEF an appealing option to include within a long-term portfolio as a source of additional yield; this ETF may also be attractive for those looking to establish a shorter-term tactical tilt towards high yielding securities. One potential drawback is the relatively high expense ratio charged, and the layered exposure strategy results in multiple layers of fees on this product. Still, the yield offered by PCEF will be hard to find anywhere else.

Realtime Rating

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Realtime Rating Summary

The adjacent table gives investors an individual Realtime Rating for PCEF on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Total Bond Market with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Compare to another ETF

View the Category Report

PCEF Overall Realtime Rating:

A+ Overall Rated ETF:

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A- AGG
Expenses C SCHZ

Knowledge Centers

PCEF In-Depth Analysis

The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.

PCEF Holdings

Filings Data as of: May 03, 2016
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Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb Category.

Number of Holdings
Category Low
Category High
% Assets in Top 10
Category Low
Category High

Asset Allocation

Asset Percentage
U.S. Stocks 21.13%
International Stocks 8.23%
U.S. Bonds 45.52%
International Bonds 23.11%
Preferred Stock 6.7%
Convertibles 0.81%
Cash -2.86%
Other -2.64%

Bond Sector Breakdown

Bond Sector Percentage
Treasury 0.0%
TIPS 0.0%
U.S. Agency 0.0%
MBS 0.0%
U.S. Corporate 0.0%
Asset-Backed 0.0%
Convertible 0.0%
Muni 0.0%
Foreign Government 0.0%
Foreign Corporate 0.0%
Other 100.0%

Bond Detailed Sector Breakdown

Bond Sector Percentage
Corporate Bond 34.81%
Bank Loan 11.74%
Government 10.5%
Government Related 9.41%
Cash And Equivalents 5.37%
Preferred 5.35%
Municipal Taxable 3.08%
Asset Backed 2.94%
Agency Mortgage Backed 2.91%
Non Agency Residential Mortgage Backed 2.66%
Commercial Mortgage Backed 2.51%
Future Forward 1.37%
Convertible 0.68%
US Municipal Tax Advantaged 0.22%
Sector Swap 0.17%
Covered Bond 0.0%
Option Warrant 0.0%

Coupon Breakdown

Coupon Range Percentage
0% to 1% 4.61%
1% to 2% 1.78%
2% to 3% 2.64%
3% to 4% 8.01%
4% to 5% 8.58%
5% to 6% 12.81%
6% to 7% 11.84%
7% to 8% 9.33%
8% to 9% 5.42%
9% to 10% 2.15%
Greater Than 10% 2.17%

Credit Quality

Credit Percentage

Maturity Breakdown

Maturity Percentage
Less Than 1 Year -3.57%
1-3 Years 6.92%
3-5 Years 14.93%
5-7 Years 16.28%
7-10 Years 10.46%
10-15 Years 3.61%
15-20 Years 2.73%
20-30 Years 10.42%
30+ Years 6.25%

PCEF Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb Category.

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Expenses Ratio Analysis

ETF Average
ETF Wtd. Average
Category Average
Expense Ratio
Category Low
Category High

Commission Free Trading

This ETF is not currently available for commission free trading on any platforms.

Category Commission Free Trading

There are 13 other ETFs in the Total Bond Market ETFdb Category that are also eligible for commission free trading:

PCEF Performance

This section shows how this ETF has performed relative to its peer group ETFdb Category.

1 Week Return
Category Low
Category High
4 Week Return
Category Low
Category High
13 Week Return
Category Low
Category High
26 Week Return
Category Low
Category High
Year to Date Return
Category Low
Category High
1 Year Return
Category Low
Category High
3 Year Return
Category Low
Category High
5 Year Return
Category Low
Category High


The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.

The following chart also includes the option to compare the performance of PCEF relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.

PCEF Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb Category.

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P/E Ratio
Category Low
Category High

PCEF Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb Category.

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Dividend Date
Annual Dividend Rate
Annual Dividend Yield
Category Low
Category High

PCEF Technicals

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Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb Category.

5 Day Volatility
Category Low
Category High
20 Day Volatility
Category Low
Category High
50 Day Volatility
Category Low
Category High
200 Day Volatility
Category Low
Category High
Category Low
Category High
Standard Deviation
Category Low
Category High


  • 20 Day MA: $21.68
  • 60 Day MA: $21.34
  • MACD 15 Period: 0.18
  • MACD 100 Period: 1.17
  • Williams % Range 10 Day: 12.77
  • Williams % Range 20 Day: 12.77
  • RSI 10 Day: 65
  • RSI 20 Day: 63
  • RSI 30 Day: 62
  • Ultimate Oscillator: 55

Bollinger Brands

  • Lower Bollinger (10 Day): $21.51
  • Upper Bollinger (10 Day): $21.92
  • Lower Bollinger (20 Day): $21.51
  • Upper Bollinger (20 Day): $21.86
  • Lower Bollinger (30 Day): $21.46
  • Upper Bollinger (30 Day): $21.86

Support & Resistance

  • Support Level 1: $21.84
  • Support Level 2: $21.80
  • Resistance Level 1: $21.92
  • Resistance Level 2: $21.96


  • Stochastic Oscillator %D (1 Day): 56.91
  • Stochastic Oscillator %D (5 Day): 79.79
  • Stochastic Oscillator %K (1 Day): 61.97
  • Stochastic Oscillator %K (5 Day): 69.08

Fact Sheet

Fact sheets are issued by the ETF provider and framed by Information contained within the fact sheet is not guaranteed to be timely or accurate.

2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.