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

About 300,000 people lost money when the Woodford Equity Income Fund was frozen in 2019.

From BBC

The company said its UK funds, including the Somerset Asia Income Fund and Somerset Emerging Market Dividend Growth Fund, along with its investment team, were looking to transfer to a new investment adviser.

From BBC

"The repricing has been quite aggressive - I would say brutal," said Stefano Fiorini, global fixed income fund manager at Generali Investments Partners.

From Reuters

“It’s tragic the lessons learned in California have not been applied everywhere else,” said Michael Cerasoli, portfolio manager of the TrueShares Eagle Global Renewable Energy Income Fund.

From Reuters

Danielle Poli, managing director and co-portfolio manager of the Oaktree Diversified Income Fund, told Reuters the company shifted allocations, with a view of higher rates for longer, for instance by investing more in floating-rate debt.

From Reuters