Growth and income fund

Growth and income fund

A mutual fund that invests primarily in stocks with a history of capital gains (growth) and consistent dividend payments (income).
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Growth and Income Fund

A mutual fund that invests in both high growth companies and companies known for paying dividends. Growth and income funds combine aspects of growth funds and income funds. As a result, they have more risk and higher returns than income funds and lower risk and lower returns than growth funds.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

growth and income fund

An investment company that invests in the common stock of growing companies that have a history of paying dividends. This type of fund is a compromise between a growth fund that concentrates on capital gains and an income fund that concentrates on maximizing current income.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Growth and income fund.

Growth and income mutual funds invest in securities that provide, as their name suggests, a combination of growth and income.

This type of fund generally funnels assets into common stocks of well-established companies that pay regular dividends and increase in value at a regular, if modest, rate. The balance of the fund's portfolio is in high-rated bonds and preferred stock.

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References in periodicals archive ?
M2 EQUITYBITES-February 24, 2017-Ellsworth Growth and Income Fund announces distribution of USD0.11 per share
The board of trustees of Ellsworth Growth and Income Fund Ltd (NYSE MKT:ECF) reaffirmed the fund's 5% distribution policy and authorised a cash distribution of USD0.11 per share, the fund disclosed on Friday.
Ellsworth Growth and Income Fund is managed by Gabelli Funds LLC, a subsidiary of GAMCO Investors Inc (NYSE:GBL).
Global Banking News-November 1, 2016--OppenheimerFunds rolls out Oppenheimer International Growth and Income Fund
OppenheimerFunds, a global asset manager, has said that it has launched Oppenheimer International Growth and Income Fund (NASDAQ: OIMAX).
The says that the Oppenheimer International Growth and Income Fund will focus on bringing total return by investing in cash generative, dividend paying companies benefiting from long-term secular growth trends.
(NYSE: MAY), as well as the Putnam Growth and Income fund (PGRWX).
Moore, who added the top-rated Oppenheimer Global Growth and Income Fund (OPGIX) to his portfolio mix, agrees.
It's a small cap, aggressive growth vehicle that, while riskier than a staid growth or growth and income fund, is a perfect way to build wealth with his retirement and college tuition savings.
Growth and income funds are more balanced in their approach.
The sub-accounts are allocated at 66% in American Growth and Income funds and 34% American Growth funds.
As for Moore's IRA account, Bonds has him invested in growth and income funds, like Putnam Growth & Income Fund (PGIBX), and the Van Kampen Utilities Fund (VKUAX).
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