A family of funds refers to the portfolio of mutual funds offered for sale by an investment manager, explains Investopedia. The Dreyfus Corporation family of funds includes the equity, bond and money market mutual funds it sells to individual investors, the company notes.Continue Reading
Dreyfus is investment management subsidiary of BNY Mellon, explains the company. Jack Dreyfus founded the company as a brokerage in 1947 and launched its mutual fund business in 1951. Dreyfus merged with Mellon Bank in 1994 and later with The Bank of New York in 2007. Based in New York, the company manages more than $280 billion of assets across all of its product lines as of 2015.
Dreyfus has more than 300 mutual funds in its portfolio as of 2015, reports Fund Reference. The largest is the Dreyfus MidCap Index fund with $3.3 billion in assets, while the smallest is the Dreyfus Strategic Beta U.S. Equity A with $5.6 million in assets. Dreyfus Fund Incorporated, established in 1951 when the company was founded, is the oldest fund in the family. The average expense ratio for Dreyfus mutual funds is 1.21 percent. The average for the mutual fund market overall is 0.70 percent as of 2014, states the Investment Company Institute.Learn more about Investing