Family Of Funds

DEFINITION of 'Family Of Funds'

A group of mutual funds offered by one investment or fund company. Generally, the constituent funds cover a wide range of fund categories and investment objectives.

Also referred to as a "mutual fund family" or simply a "fund family".

BREAKING DOWN 'Family Of Funds'

Most fund companies offer a selection of mutual funds for investors to choose from. A large fund family offers investors a number of conveniences, such as "one-stop" shopping for their fund investing activities, the consolidation fund investments in one monthly statement, and the opportunity to make money transfers and undertake fund exchanges within the family easily and, usually, at little or no cost.

Examples of large, well-known fund families are American, Fidelity, T. Rowe Price and Vanguard.

RELATED TERMS
  1. Fund Supermarkets

    An investment firm or brokerage that offers investors a wide ...
  2. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  3. Fund Of Funds

    A mutual fund that invests in other mutual funds. This method ...
  4. Value Fund

    A stock mutual fund that primarily holds stocks that are deemed ...
  5. Exchange Privilege

    The opportunity given to mutual fund shareholders to exchange ...
  6. Foreign Fund

    A mutual fund, closed-end fund or exchange-traded fund that invests ...
Related Articles
  1. Investing

    Advising FAs: Explaining Mutual Funds to a Client

    More than 80 million people, or half of the households in America, invest in mutual funds. No matter what type of investor you are, there is bound to be a mutual fund that fits your style.
  2. Mutual Funds & ETFs

    A Mutual Funds Guide for Young Investors

    Learn how mutual funds work, why they are so popular and how younger investors can get started by putting mutual funds in their IRAs or 401(k)s.
  3. Mutual Funds & ETFs

    A Look At Barron's Top 5 Mutual Fund Families

    These 5 mutual fund families were rated tops by Barron's. Here's why.
  4. Mutual Funds & ETFs

    5 Characteristics of Strong Mutual Fund Shares

    Discover some of the basic characteristics shared by good mutual funds that investors can use to help them in selecting funds.
  5. Mutual Funds & ETFs

    The 3 Biggest Mutual Fund Companies in the US

    Compare and contrast the rise of America's big three institutional asset managers: BlackRock Funds, The Vanguard Group and State Street Global Advisors.
  6. Investing

    How to Rate Your Mutual Fund Manager

    What to really look for when you're deciding on a mutual fund.
  7. Mutual Funds & ETFs

    The Top 5 All Cap Core Mutual Funds for 2016

    Learn how to shop for the best all-cap mutual funds, and identify five funds that invest in companies of all sizes and offer good returns with low expenses.
  8. Mutual Funds & ETFs

    Trading Mutual Funds For Beginners

    Learn about the basics of trading and investing in mutual funds. Understand how the fees charged by mutual funds can impact the performance of an investment.
  9. Mutual Funds & ETFs

    Mutual Funds Are Awesome - Except When They're Not

    This investment is very popular, but that doesn't mean it comes without risk.
  10. Mutual Funds & ETFs

    Comparing the Best Rated Mutual Funds

    Learn which mutual funds are the top rated, and compare each fund based on performance, ownership expenses, diversification of holdings and minimum investment.
RELATED FAQS
  1. How do I calculate the loan-to-value ratio using Excel?

    Learn what a mutual fund and a money market fund are, and understand the differences between each and how they serve various ... Read Answer >>
  2. How liquid are Vanguard mutual funds?

    Learn how liquidity applies to the Vanguard mutual fund family. Vanguard is one of the most well-known and largest investment ... Read Answer >>
  3. How do I judge a mutual fund's performance?

    Evaluate mutual fund performance utilizing resources such as Morningstar; compare the fund with others in its peer group ... Read Answer >>
  4. Is there a tax free way to combine several mutual fund families into one mutual fund ...

    Over the last 30 years, I invested in 6 mutual funds scattered among 3 fund families. Is there a tax-free way to combine ... Read Answer >>
  5. How much of a company's stock can a mutual fund own?

    There is no written rule that stipulates how much of a company a mutual fund can own. Instead, there are two major factors ... Read Answer >>
  6. Can mutual funds invest in hedge funds?

    Learn about mutual fund portfolio management techniques and mutual funds' ability to invest in hedge funds, as well as new ... Read Answer >>
Hot Definitions
  1. Labor Market

    The labor market refers to the supply and demand for labor, in which employees provide the supply and employers the demand. ...
  2. Demand Curve

    The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity ...
  3. Goldilocks Economy

    An economy that is not so hot that it causes inflation, and not so cold that it causes a recession. This term is used to ...
  4. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  5. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  6. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
Trading Center