Understanding Return on Capital With Closed-End Funds

Investors often flock to closed-end funds for income. The Invesco CEF Income Composite ETF (NYSEARCA: PCEF) is an exchange traded fund that proves that point. PCEF, tracks the S-Network Composite Closed-End Fund Index, sports a 30-day SEC yield of 7.12%, as of February 3. That’s staggering by...