Family of Funds

Family of Funds - A family of funds is a mutual fund offering by a specific company that features many mutual funds, involving various objectives. Normally, investors can move their assets between different funds within a specific family unit. Moving these funds has no cost or nominal costs and they can receive a single statement describing what their holdings are within a specific family of funds. These are also called mutual fund family or fund family. Family funds provide the investor with one-stop shopping for their investment activities, plus the opportunity to make money transfers, fund exchanges within the family easily, and most have a good selection of funds to choose from to assist with a diversified portfolio.