About EINFX
Elfun Income Fund is a mutual fund focused on generating a high level of income while emphasizing prudent investment management and the preservation of capital. Managed by State Street Investment Management, the fund primarily invests in a diversified portfolio of investment-grade U.S. fixed-income securities, including government, corporate, and securitized debt instruments. Its strategy places at least 80% of assets in debt securities, with a notable allocation to U.S. Treasury notes, mortgage-backed securities, and various government agency bonds. The fund falls within the Morningstar 'Intermediate-term core-plus bond' category, granting it flexibility to hold non-core sectors alongside core bond investments, though historically its holdings are almost entirely U.S.-based and investment-grade.
Elfun Income Fund targets income-seeking investors by distributing dividends monthly, featuring a current yield just below 4%. The fund is characterized by moderate turnover and a low expense ratio, reflecting efficient, cost-conscious management. Since its inception in 1984, it has played a persistent role as a core fixed income holding, appealing particularly to conservative investors or those looking for stability and consistent income from their bond allocation.
Fund Family State Street Investment Management
Category Intermediate Core-Plus Bond
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol EINFX
Index Bloomberg U.S. Aggregate Bond TR
EINFX had a total return of 3.55% in the past year, including dividends.
Since the fund's inception, the average annual return has been 3.69%.
