Fund family

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 ?
Within a fund family, advertising affects the flagship fund differently than the other funds.
Our independent, unbiased research gives you an edge on change, and guidance on where to go next within each fund family.
The Ivy Funds were named the second fastest growing fund family in 2007, among families with at least $5 billion in total assets under management, according to Financial Research Corporation (FRC).
In last year's Barron's rankings, Waddell & Reed Advisors Funds also were the top ranked fund family, and Ivy Funds number three, out of 53 fund families over the 5-year period.
You can specify exactly which shares you wish to sell by notifying your broker or fund family in writing.
According to the newspaper, Waddell & Reed Advisors Funds were the top ranked fund family, and Ivy Funds ranked number eight.
Frequent switching among mutual funds within the same fund family and liberal check-writing privileges for some bond funds also present potential tax problems.
NEW YORK -- TIAA-CREF ranks 9th out of 67 fund families in the 2007 Lipper/Barron's Fund Family Survey.
The renaming of the Smith Barney funds formally begins the integration of the former Citigroup Asset Management (CAM) fund family into the new Legg Mason Partners fund family.
And be sure to visit the Web site of your mutual fund family.
Best known for its index funds designed to track such market indices as the S&P 500, the fund family tends to offer low expenses which boost returns.

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