PCEF vs. MFLX ETF Comparison
Comparison of PowerShares CEF Income Composite Portfolio (PCEF) to First Trust Flexible Municipal High Income ETF (MFLX)
PCEF
PowerShares CEF Income Composite Portfolio
PCEF Description
The PowerShares CEF Income Composite Portfolio (Fund) is based on the S-Network Composite Closed-End Fund IndexSM (Index). The Fund will normally invest at least 90% of its total assets in securities of funds included in the Index. The Fund is a "fund of funds," as it invests its assets in the common shares of funds included in the Index rather than in individual securities. The Index currently includes closed-end funds that invest in taxable investment grade fixed-income securities, taxable high yield fixed-income securities and others utilize an equity option writing (selling) strategy. The Fund and the Index are rebalanced and reconstituted quarterly.
Grade (RS Rating)
Last Trade
$19.46
Average Daily Volume
146,020
104
MFLX
First Trust Flexible Municipal High Income ETF
MFLX Description
MFLX seeks to provide current income through an actively managed portfolio of US municipal debt securities whose interests are exempted from federal income taxes. The fund spans a wide range of municipal bonds, including lease obligations, general obligation bonds, revenue bonds, notes, cash equivalents, private activity bonds, as well as pre-refunded and escrowed to maturity bonds. The fund is diversified to invest in municipal bonds of any maturity and credit quality. In addition, the fund may invest, without limitation, in municipal securities that pay interest and generate income subject to federal and state alternative minimum tax. Prior to April 14, 2022, the fund traded as the First Trust Municipal CEF Income Opportunity ETF (Ticker: MCEF). Unlike MCEFs fund-of-CEFs (closed-end funds) structure, MFLX invests in US municipal bonds directly. Although, the fund may still invest in municipal CEFs for up to 10% of its net assets.Grade (RS Rating)
Last Trade
$17.51
Average Daily Volume
1,731
17
Performance
| Period | PCEF | MFLX |
|---|---|---|
| 30 Days | 2.71% | 1.39% |
| 60 Days | 4.09% | 2.58% |
| 90 Days | 6.07% | 3.04% |
| 12 Months | 21.42% | 11.68% |
0 Overlapping Holdings
| Symbol | Grade | Weight in PCEF | Weight in MFLX | Overlap |
|---|
PCEF Overweight 104 Positions Relative to MFLX
| Symbol | Grade | Weight | |
|---|---|---|---|
| EXG | B | 4.23% | |
| JPC | A | 3.97% | |
| BMEZ | B | 3.16% | |
| BIGZ | B | 3.12% | |
| BDJ | B | 2.62% | |
| BSTZ | D | 2.62% | |
| BCAT | B | 2.62% | |
| ETY | A | 2.55% | |
| BXMX | B | 2.3% | |
| NFJ | B | 2.25% | |
| ETV | B | 2.25% | |
| QQQX | C | 1.95% | |
| EVV | A | 1.74% | |
| ETW | A | 1.65% | |
| FPF | A | 1.64% | |
| BBN | B | 1.62% | |
| BTZ | A | 1.49% | |
| JFR | B | 1.39% | |
| HFRO | D | 1.39% | |
| PDO | A | 1.3% | |
| FFC | A | 1.29% | |
| HTD | B | 1.28% | |
| EOS | C | 1.27% | |
| BOE | A | 1.26% | |
| CII | C | 1.24% | |
| HYT | A | 1.22% | |
| DSL | B | 1.17% | |
| FAX | B | 1.14% | |
| AWF | B | 1.13% | |
| BGY | B | 1.06% | |
| WIW | A | 0.97% | |
| DIAX | A | 0.97% | |
| PDT | A | 0.96% | |
| EMD | B | 0.93% | |
| JQC | C | 0.92% | |
| ETJ | A | 0.88% | |
| BME | B | 0.88% | |
| LDP | A | 0.87% | |
| EOI | B | 0.78% | |
| NPFD | A | 0.75% | |
| IGD | A | 0.74% | |
| NBB | A | 0.72% | |
| DFP | A | 0.7% | |
| EAD | A | 0.67% | |
| ISD | B | 0.67% | |
| BGR | D | 0.64% | |
| PHK | B | 0.63% | |
| ETB | A | 0.6% | |
| PCN | B | 0.58% | |
| EDD | B | 0.57% | |
| HIO | A | 0.56% | |
| BHK | B | 0.55% | |
| PFN | A | 0.54% | |
| BUI | A | 0.53% | |
| VVR | B | 0.53% | |
| BLW | B | 0.52% | |
| PPT | A | 0.52% | |
| BIT | B | 0.49% | |
| FFA | B | 0.46% | |
| MIN | B | 0.46% | |
| FTF | A | 0.45% | |
| FRA | C | 0.45% | |
| BGH | B | 0.45% | |
| SPXX | A | 0.44% | |
| STK | C | 0.44% | |
| TEI | B | 0.43% | |
| DSU | A | 0.43% | |
| HPS | B | 0.42% | |
| HIX | B | 0.4% | |
| MCR | A | 0.4% | |
| MMT | A | 0.4% | |
| EOD | B | 0.39% | |
| HPI | A | 0.39% | |
| ERC | A | 0.39% | |
| GBAB | C | 0.37% | |
| PSF | A | 0.36% | |
| JGH | B | 0.35% | |
| PHT | A | 0.34% | |
| FLC | A | 0.33% | |
| EFR | D | 0.32% | |
| FCT | B | 0.32% | |
| MCI | A | 0.31% | |
| HPF | A | 0.3% | |
| DHF | B | 0.3% | |
| EFT | D | 0.29% | |
| DBL | A | 0.28% | |
| PFL | A | 0.28% | |
| DHY | A | 0.26% | |
| IDE | B | 0.26% | |
| IGA | A | 0.24% | |
| HEQ | A | 0.24% | |
| BGT | B | 0.24% | |
| BGX | B | 0.23% | |
| MSD | A | 0.22% | |
| TSI | A | 0.21% | |
| PCF | B | 0.2% | |
| VBF | A | 0.19% | |
| NHS | B | 0.18% | |
| HYB | B | 0.17% | |
| EVG | A | 0.17% | |
| EHI | D | 0.16% | |
| CIK | B | 0.16% | |
| PHD | A | 0.14% | |
| MCN | B | 0.13% |
PCEF: Top Represented Industries & Keywords
MFLX: Top Represented Industries & Keywords
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