income fund

noun

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

Word History and Origins

Origin of income fund¹

First recorded in 1930–35

Example Sentences

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

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

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During an interview with MarketWatch, Todd Brighton, who co-manages INCM, explained that the ETF follows a strategy similar to the long-term investing methodology employed by the Franklin Income Fund, which was launched in 1948 and has $76 billion in assets.

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So the ETF has a more simple structure for investors with no sales charge and lower expenses for similar active management by the same team that runs the Franklin Income Fund.

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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.

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