Dual Purpose Fund

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DEFINITION of 'Dual Purpose Fund'

A fund created by a closed-ended investment company that offers two classes of stock. Each class offers entitlements to either income or capital appreciation.

INVESTOPEDIA EXPLAINS 'Dual Purpose Fund'

The two types of stock offered by a dual purpose fund are capital and income. The fund's two kinds of potential cash flows allow individual investors to choose classes that are more in line with their investment objectives.

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    A class of shares offered by a dual purpose fund that has little ...
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    An investment vehicle that is made up of a pool of funds collected ...
  5. Closed-End Fund

    A closed-end fund is a publicly traded investment company that ...
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    Investopedia explains the definition of exchange-traded mutual ...
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