Fund family
A fund family is the group of , , or other investment funds offered and managed by a single asset management company. Well known examples include the full range of funds offered under one issuer's brand, spanning different asset classes, strategies, and risk levels, all managed under the same corporate umbrella.
Belonging to the same fund family typically means the funds share back office infrastructure, compliance, and administrative resources, even though individual funds within the family can have completely different managers, strategies, and performance. Investors sometimes choose to keep most of their holdings within a single fund family for convenience, such as easier account consolidation and the ability to exchange between funds within the family without the paperwork required to move to an entirely different company.
The size and reputation of a fund family can matter to investors evaluating a specific fund, since a large, established fund family generally has more resources for research, trading infrastructure, and regulatory compliance than a small operator running only one or two funds. That said, a fund's performance and cost structure are specific to that individual fund, a strong fund family does not guarantee that every fund it offers is a good investment, and a small or lesser known fund family can still run an excellent fund within its lineup.