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

Desai: The Franklin Income fund, or FRIAX, consistently delivers a steady but unexciting return.

From Barron's

Desai: The Franklin Income fund, or FRIAX, consistently delivers a steady but unexciting return.

From Barron's

Desai: The Franklin Income fund, or FRIAX, consistently delivers a steady but unexciting return.

From Barron's

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