How’s your weekend? Because of Golden Week, I don’t have to work all through until May 8th.
On the last day of every month, I receieve a dividend from PowerShares CEF Income Composite Portfolio (PCEF). No exception in April. I receieved $23.50 from PCEF as gross dividend. With this dividend, my gross dividend income for April 2016 has amounted to $799.00.
For those who are intestedted in PCEF, here’s summary given by Yahoo! FInance. The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S-Network Composite Closed-End Fund IndexSM (the “underlying index”). The fund generally invests at least 90% of its total assets in securities of U.S.-listed closed-end funds that comprise the underlying index. It is a “fund of funds,” as it invests its assets in the common shares of funds included in the underlying index rather than in individual securities (the “underlying funds”).
|Top 10 Holdings (25.4% of Total Assets)|
The reason why I have this ETF is as follows.
- Monthly distribution
- High Yield
- Exposure to closed-end income funds.
Disclosure: Long PCEF