Definitions for "Equity Income Fund"
A mutual fund whose main objective is income. The fund invests in the common and preferred stock of companies that pay high dividends.
A mutual fund with 60 percent or more of its portfolio in income-producing equities.
A mutual fund that invests in a portfolio of bonds and dividend-paying stocks. While similar to growth and income funds, they are more likely to hold bonds and focus on stocks that pay higher-than-average dividends.