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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
BLACK ENTERPRISE asked Morningstar Inc., the Chicago-based mutual funds research firm, to evaluate the top fund families. It ranked them based on the three-year average return of fund families with assets of more than $5 billion.
Moreover, we'll tell you about me advantages and disadvantages of buying fund families.
But Vincent and Lynne Toye of South Orange, New Jersey, have found that investing in large fund families makes it a far easier proposition.
"The S&P funds do best when large capitalization stocks have gotten a boost from the economy, and they'll lag behind other funds in years when small companies are doing better in the market." Teall also recommends looking for fund families such as Vanguard and Fidelity (800-544-8888) that allow you the opportunity to switch out of an index when you feel market factors call for it.
A number of fund families will waive their minimum initial investment requirements if you set up an automatic investment plan to have a fixed amount, say $50 or $100, debited from your paycheck or bank account every month.
Yearly fees are usually low, in the neighborhood of $20 or $30; some fund families charge no fees at all.
Among the mutual fund families that Mangham recommends are Vanguard, Fidelity and T.
Being able to switch from one fund to another with just a phone call is a major advertising point of the big fund families. Worried about the stock market?
Currently, Francis is assessing three top-notch fund families to see which will be the first he joins.
"Some fund families (such as Templeton) have pretty much the same investment philosophy for all of their funds," says Holowesko, who has been managing funds since 1987.
Also, most mutual fund families will allow you to open an asset builder account, where you start off with a small deposit and sign up to have a set sum withdrawn from your bank account each month.
The aim of the fund-raising drive was to 'fund families with a season ticket for the 2019/20 campaign' who 'wouldn't normally get a chance to attend game.'.

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