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family of funds

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Family of Funds
A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective.

Also referred to as a "Mutual Fund Family" or simply a "Fund Family".

Notes:
Most fund companies today offer a wide range of mutual funds for investors to choose from. A benefit to fund families is they often allow investors to transfer money between funds for a nominal charge or no charge at all. Therefore, an investor who decides to switch from a growth fund to a balanced fund could do so without any new sales charges if each of these funds were part of the same fund family.


Family of funds
Different mutual funds offered by one investment company.

family of funds
A group of mutual funds operated by the same investment management company. Investors are often able to transfer money between mutual funds within a particular family of funds at only a nominal charge. Thus, an investor with shares in a growth fund could move funds out of the growth fund and into a money market fund or a bond fund without paying a new sales charge if each of these funds is managed by a single investment firm. Investing money with a company permitting this flexibility is advantageous to the investor. Also called fund group, group of funds. See also fund switching.

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CityScape Capital Group, LLC, created the CCG Historic Partners Family of Funds to invest in historic tax credit projects throughout the country.
It was founded in 2002 by the Circle T Family of Funds as a multi-manager vehicle offering the transparency and oversight of a proprietary fund.
announced that the IATSE National Pension Fund, a national family of funds for the International Alliance of Theatrical Stage Employees (IATSE), with $850 million in assets has signed a 12-year lease for 40,000 s/f at 417 Fifth Avenue.
 
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