Family Sharing - restricting content for the kiddos

Is there a way to setup some type of content or rating restrictions on our kids devices when sharing apps, music, etc with the entire family? While most of our music is clean, and apps are appropriate, it would be nice if we can rating-restrict (or restrict by "E" in music) some of our content while allowing the good stuff to be used by the young ones.

Anyone have any idea on how/if this can be done? Thanks in advance.

Chris