Fund family

(redirected from Fund Families)

Fund family

Set of funds with different investment objectives offered by one management company. In many cases, investors may move their assets from one fund to another within the family at little or no cost.

Fund Family

A set of mutual funds managed by a single company. The funds within a fund family have different investment goals and/or strategies. However, because the same company manages the whole family, individual investors may generally move money from one fund to another without extra commissions or fees. This allows investors to be flexible in their own investment goals according to their particular needs at a given time. A fund family is also called a group of funds.

Fund family.

A fund family, or family of funds, is a group of mutual funds controlled by a single investment company, bank, or other financial institution.

The various funds within the family have different investment objectives, such as growth or income. If you invest in several funds in a family, you can transfer assets from one fund to another by phone or online.

If it's a family of load funds, there may or may not be a sales charge for the transfer. If it's a no-load fund, no sales charges apply.

You will owe capital gains taxes on any profit you realize from selling fund shares that have increased in value even if the money is reinvested in another fund. The only way you'll avoid taxes is if you own the funds in a tax-deferred or tax-free account.

However, if the shares have lost value when you sell, you'll have a capital loss.

References in periodicals archive ?
NYSE:WDR), also ranked among the top 10 fund families over the one-year period ended Dec.
Company Ranked in Top 10 of the Barron's/Lipper Best Mutual Fund Families Survey
You might want to get started by looking at mutual fund families, companies that operate a constellation of funds.
CHICAGO -- Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that Nuveen was named one of Barron's Best Mutual Fund Families in its annual survey.
6 /PRNewswire-FirstCall/ -- Waddell & Reed Advisors Funds and Ivy Funds are again featured prominently in the list of "Best Mutual Fund Families in a Bruising Year," an annual ranking of the best fund families published by Barron's.
Being able to switch from one fund to another with just a phone call is a major advertising point of the big fund families.
Our top analysts, John Coumarianos on American, Christopher Davis on Fidelity, and Dan Culloton on Vanguard know these fund families inside and out, and have the experience and knowledge to help you separate the important news from the noise.
announced today that its Waddell & Reed Advisors Funds and Ivy Funds are featured prominently in today's list of the "Best Mutual Fund Families of 2007," as ranked and published by Barron's.
Other fund families affiliated with the former Citigroup Asset Management are scheduled to be renamed later in the year.
NEW YORK -- TIAA-CREF ranks 9th out of 67 fund families in the 2007 Lipper/Barron's Fund Family Survey.
In earning Best Large Overall Fund Family, OppenheimerFunds bested the other 27 fund families under consideration.

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