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.
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 ?
MainStay is the mutual fund family of New York Life Insurance Company and provides access to institutional investment managers.
He denied Bader Primary money that been spent and their Former An investigation found that, while working at Bader Primary in Thornaby, Mr Feasey used the school credit card to fund family members' trips as far away as New Zealand and America.
Chartwell, a Berwyn, PA based firm, rekindled its past relationship with Ultimus by converting the fund servicing of its growing fund family to Ultimus.
The fund family ratings are a based on CFRA's ratings of individual mutual funds -- 22,000 fund share classes -- and asset-weighted, which can be an advantage for some smaller fund families.
1 fund family and that retirement plan advisers made the Vanguard S&P 500 Index Fund their top fund to recommend to clients.
GuideStone Funds, the nation's largest Christian-screened mutual fund family, is part of GuideStone Financial Resources, a financial services provider of retirement, investment, executive benefit services, and property and casualty, and life and health plans to Southern Baptist and evangelical Christian churches, educational institutions and ministry organizations.
The mutual funds managed by the firm will be known under the new fund family name Miller Value Funds.
The value of a mutual fund to its fund family is its ability to generate revenue.
Here are six questions to ask when analyzing whether your target-date fund family is still right for your plan.
Focusing entirely on abortion, Republicans fail to acknowledge that federal tax dollars legally can't be used on abortion but instead fund family planning services, contraceptive health initiatives, cancer screenings, and other health services.
ShelterCare has received the following grants for its programs for homeless families, children and adults: the Eugene Rotary Club Children with Special Needs Committee, $1,000 to fund family housing and homelessness prevention; Union Pacific Foundation, $10,000 for homeless medical recuperation; and Thurston High School Community 101 Program, $800 to support homelessness prevention.

Full browser ?