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Finance Glossary

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Equity Income Fund


See equity funds. It's is a type of index or mutual fund that is made up mostly of stocks. But not just any stocks: You're investing in companies that are usually fairly established and are pretty good about creating income for investing by paying our dividends regularly. 


A typical equity income fund holding might be Heinz or AT&T or Pfizer, which are all well-developed companies growing at relatively slow rates but which have lots of "excess" cash to give back to investors.