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Corporate Income Fund - a corporate income fund is a specific type of a Unit Investment Trust... The UIT (Unit investment trust) has a fixed portfolio comprised only of high grade financial securities. The can be in the form of stocks, bonds, government bonds, or commercial paper. The only main character is that they are all higher grade securities. The Unit Investment Trust, which is actually a corporate income fund, is similar to a regular money market account, except it?s made up of a group of higher grade securities, and instruments, and usually pays out dividends on a monthly basis.
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