Family of funds

Family of funds

A group of mutual funds offered by one investment company. Often, switching from one mutual fund to another can be done without incurring fees as long as both funds are in the same 'family'.

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.

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.

Family of funds.

Many large mutual fund companies offer a variety of stock, bond, and money market funds with different investment strategies and objectives. Together, these funds make up a family of funds.

If you own one fund in a family, you can usually transfer assets to another fund in the same family without sales charges. The transaction is known as an exchange.

But unless the funds are in a tax-deferred or tax-free retirement or education savings plan, you'll owe capital gains taxes on increases in value of the fund you're selling.

Investing in a family of funds can make diversification and asset allocation easier, provided there are funds within the family that meet your investment criteria. Investing in a family of funds can also simplify recordkeeping.

However, the advantages of consolidating your assets within one fund family are being challenged by the proliferation of fund networks. Fund networks, sometimes called fund supermarkets, make it easy to spread your investments among several fund families.

References in periodicals archive ?
com)-- Hope Asset Management SA will continue as the primary investment manager for the Hope Family of Funds, which supports the Hope Foundation, an organization that makes charitable contributions toward the welfare of children on a world-wide basis.
CityScape Capital Group, LLC, created the CCG Historic Partners Family of Funds to invest in historic tax credit projects throughout the country.
Focusing on the extent and duration of benefits realized by FMR, the court held that future revenue from management contracts with the mutual funds, marketing rights and "synergistic benefits" to FMR's entire family of funds are significant future benefits.
BPV Family of Funds has announced the launch of two new, publicly traded mutual funds created specifically to achieve sustained wealth accumulation and preservation.
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.
NEW YORK -- The Circle T Family of Funds today announced that a NASD arbitration panel, in accordance with the claims filed against Banc of America Securities LLC in December 2005, has ruled in favor of Circle T.
Mona Aboelnaga Kanaan has joined the management committee along with CIO Stephen Scott, CFO Seth Platt, and Seth Tobias, Founder of the Circle T Family of Funds.
The family of funds we are developing will assists SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units.
The family of funds we are developing will assist SSSU in support of its restructuring and will immediately fund the real estate and entertainment business units.
The family of funds we construct will have equity, fixed income, real estate securities, mortgage, affordable housing and commercial assets as investment opportunities of different classes of investors.
Each of these students possess an intimate awareness of the challenges faced by residents of low and moderate income communities, and are passionate about making a positive impact on their communities," said Elizabeth Ferguson, Executive Vice President of the Bay Area Council and Managing Director of the Bay Area Family of Funds.
Tolle is directly responsible for the oversight of fund accounting, administration, tax, regulatory, and distribution services for the Forward Management family of funds.

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