Mutual funds that invest in both stocks and bonds in an attempt to provide investors with growth and income.

A fund whose investment objective is to provide a balance of income and capital growth, often investing both in shares and in bonds. 

see Mixed funds   Base rate

A mutual fund that holds a mix of securities – usually money market, bonds and equities. The relative balance of these securities can be changed to take advantage of phases in the economic cycle.

The objective of these funds is to preserve initial principal, provide current income and provide long-term growth of principal and income. These funds buy a mix of bonds, preferred stocks and common stocks.