Fund Family

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.

Other Words for Family

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
MORE

Other Words for Fund

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
MORE

Family Of Funds

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

Fund Network

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

Target Date Fund

Business / Taxes / Target Date Fund: A target date fund is a fund of funds that allows you to link your investment portfolio to a particular time horizon, typically your expected retirement date. In fact, a target date fund characteristi MORE

Links
Home
Glossary
Thesaurus