Income fund

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Income fund

A mutual fund that seeks to provide current income from investments.

Income Fund

A portfolio or mutual fund in which the primary goal is the provision of income to shareholders from the securities represented in the fund. That is, the investor or shareholder makes money from the dividends and coupons from the securities in fund, not from higher bond or share prices. This involves investing in securities with lower risk than other portfolios. For example, an income fund will more likely invest in a blue chip with a reliable, but not exciting, outlook instead of a promising start-up. An income fund is most popular with those nearing or in retirement who prefer steady investment income rather than the possibility of becoming rich. See also: Growth fund, Growth and income fund.

income fund

An investment company, the main objective of which is to achieve current income for its owners. Thus, it tends to select securities such as bonds, preferred stocks, and common stocks that pay relatively high current returns. This type of fund is most appropriate for someone seeking high current income rather than growth of principal. Also called income-mixed fund.

Income fund.

Income funds are mutual funds whose investment objective is to produce current income rather than long-term growth, typically by investing in bonds or sometimes a combination of bonds and preferred stock.

Investors, especially those who have retired or are about to retire, may prefer income funds to potentially more volatile growth funds.

The amount of income a fund may generate is related to the risk posed by the investments that the fund makes and the return they generate.

A fund that buys lower-grade bonds may provide substantially more income than a fund buying investment-grade bonds. But the same fund may also put your principal, or investment amount, at substantial risk.

References in periodicals archive ?
Of the eligible Franklin Templeton non-money market tax-free fixed income funds tracked by Lipper, 19, 28, 27 and 25 funds ranked in the top quartile and 14, 5, 6 and 8 funds ranked in the second quartile, for the one-, three-, five- and 10-year periods, respectively, for their respective Lipper peer groups.
California Municipal Income Fund also seeks to provide current income exempt from California state income taxes.
The Boards of Trustees of PIMCO Corporate Income Fund (NYSE: PCN), PIMCO Municipal Income Fund (NYSE: PMF), PIMCO California Municipal Income Fund (NYSE: PCQ) and PIMCO New York Municipal Income Fund (NYSE: PNF) (collectively, the "Funds") announced today that they have declared the following dividends on the Funds' common shares:
The California and New York Municipal Income Funds also seek to provide current income exempt from California state and New York state and city income taxes, respectively.
The fifth fund, Fidelity Freedom Income Fund, is intended for retired persons seeking low risk with some growth.
The Freedom Funds currently invest in up to 17 Fidelity mutual funds including Fidelity Growth Company Fund, Fidelity Growth & Income Fund, and Fidelity Investment Grade Bond Fund.
Quest for Value Opportunity Fund, Quest for Value Small Capitalization Fund, Quest For Value Growth and Income Fund and Quest for Value Officers Fund -- will continue to be managed by Quest for Value Advisors under subadvisory agreements with OMC.
Government Income Fund and Quest for Value Global Income Fund will be merged into Oppenheimer Bond Fund, Oppenheimer U.
NEW YORK--(BUSINESS WIRE)--April 12, 1995--The Blanchard Growth & Income Fund may be one of the best kept secrets in the mutual fund industry.
Specifically, between December 31, 1987 and December 31, 1994, the portfolio of the Blanchard Growth & Income Fund outperformed the S&P 500 in all but one year, a feat achieved by only 13 stock mutual funds out of the Morningstar universe of 824 domestic and international equity funds.
The Blanchard Growth & Income Fund focuses on large-cap, "blue chip" stocks, and takes a "contrarian" approach to the market, using a proprietary computer model developed by a team of equities specialists at Chase Manhattan Bank, N.
Griffiths serves as portfolio manager on AIM Global Growth & Income Fund.