Overview
Description
Balcor Income Select Fund is a unit investment trust structured to deliver a high rate of monthly income along with the potential for capital appreciation. This fund employs a balanced strategy by allocating approximately 50% of its assets to common stocks of companies known for above-average dividend yields, providing equity exposure and steady dividend income. The remaining 50% is invested in closed-end funds focused primarily on U.S. and foreign taxable bonds, diversifying the portfolio across both domestic and international fixed income markets. As a regulated investment company, the fund emphasizes regular monthly distributions, making it suitable for investors seeking predictable income streams. The combination of dividend-paying equities and diversified bond holdings positions the Balcor Income Select Fund as a hybrid vehicle, aiming to balance income generation and growth potential while spreading risks across multiple sectors and asset classes in the financial market.
About
Address
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Website
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Instrument type
Mutual fund
Country
United States
MIC code
XNAS