What is a mutual fund family mean?

A family of mutual funds is a number of mutual funds all managed by the same company. For example Vanguard manages a large number of different mutual funds, perhaps as many as 50 to 100 or even more. They are all refered to as being in the Vanguard family. There could also be families within families. For example, Vanguard might have 20 different mutual funds that invest in fixed income securities--bonds. They would be referred to and the Vanguard family of bond funds. They might have 10 different funds that invest in overseas markets. They might be referred to as the Vanguard family of overseas funds.

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