Business / Taxes / 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. However, 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. Similarly, if the shares have lost value when you sell, you’ll have a capital loss.
Family Noun Synonyms: (kith and) kin, kinsmen, kindred, kinsfolk or and kinfolk, next of kin, relatives, relations, household, people, one's own flesh and blood, one's nearest and dearest, m‚nage, folks
Family Verb Synonyms: children, offspring, progeny, issue, brood, kids
Fund Noun Synonyms: finance, back, capitalize, stake, support, pay for, endow, grant, subsidize
Fund Adjective Synonyms: supply, stock, reserve, store, pool, cache, reservoir, repository, mine
Business / Taxes / 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 MORE
Business / Taxes / Fund Network: Fund networks, sometimes called fund supermarkets, offer access to thousands of different mutual funds from many of the major fund families. Investing through a fund network can make it easier to dive MORE