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

The company’s North Haven Private Income Fund, which has $7.6 billion in total investments, received investor requests to buy back around 10.9% of outstanding shares in its quarterly tender offer.

From Barron's

Private credit concerns were already stirred on Wednesday when Morgan Stanley’s North Haven Private Income Fund, which has $8 billion in assets under management, revealed it won’t meet over half of its redemption requests, saying that its capping withdrawals at the pre-established 5% quarterly threshold limit for shares, far below the roughly 10.9% requested for repurchase.

From MarketWatch

John Sheehan, manager of the Osterweis Strategic Income Fund, told Barron’s that days like Tuesday highlight the need for steady income.

From Barron's

A 17.2% return for the $62 billion hybrid Vanguard Equity Income fund also boosted Vanguard’s standing.

From Barron's

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

From Barron's