income fund

American  

noun

1. a mutual fund that invests primarily in stocks that are likely to continue to pay or increase dividends.

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Etymology

Origin of income fund

First recorded in 1930–35

Example Sentences

On Dec. 16, shareholders at Priority Income Fund’s annual meeting rejected a proposal for the fund to offer stock to the public next year with a 270-day period in which existing investors wouldn’t be able to sell all their shares.

From The Wall Street Journal

So is Bill Miller, whose Miller Income fund holds the highest yielding Strategy preferred, STRD, now around 15%.

From Barron's

Financials are the largest sector weighting in the $45 billion Columbia Dividend Income fund, which Barclay helps manage.

From Barron's

For example, the Franklin Income Fund, which follows a similar allocation strategy to the Franklin Income Focus ETF, was 75% concentrated in equities in 2021 and 2022, “when fixed income was broadly unattractive,” Brighton said.

From MarketWatch

When asked about that exposure in light of the recent bankruptcies, including one discussed by JPMorgan Chase Chief Executive Jamie Dimon on Tuesday, Brighton made clear that the extended team supporting the venerable Franklin Income Fund was fully involved in risk management for the newer ETF.

From MarketWatch