Industries in the Funds, Trusts, and Other Financial Vehicles subsector are comprised of legal entities (i.e., funds, plans, and/or programs) organized to pool securities or other assets on behalf of shareholders or beneficiaries of employee benefit or other trust funds. The portfolios are customized to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other investment income, but have little or no employment and no revenue from the sale of services. Establishments with employees devoted to the management of funds are classified in Industry Group 5239, Other Financial Investment Activities.
Establishments primarily engaged in holding the securities of (or other equity interests in) other firms are classified in Sector 55, Management of Companies and Enterprises. Equity Real Estate Investment Trusts (REITs) that are primarily engaged in leasing buildings, dwellings, or other real estate property to others are classified in Subsector 531, Real Estate.
This industry group comprises legal entities (i.e., funds, plans, and/or programs) organized to provide insurance and employee benefits exclusively for the sponsor, firm, or its employees or members.
See industry description for 525110 below.
This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide retirement income benefits exclusively for the sponsor's employees or members.
Illustrative Examples:
Employee benefit plans Retirement plans Pension funds and plans
Cross-References. Establishments primarily engaged in--
| Go to: | No change 2002 to 2007 | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525110 | 525110 | 525110 | Employee benefit pension plans |
| 525110 | 525110 | 525110 | Funds, employee benefit pension |
| 525110 | 525110 | 525110 | Funds, pension |
| 525110 | 525110 | 525110 | Pension funds |
| 525110 | 525110 | 525110 | Pension plans (e.g., employee benefit, retirement) |
| 525110 | 525110 | 525110 | Plans, pension |
| 525110 | 525110 | 525110 | Retirement pension plans |
| 525110 | 525110 | 525110 | Union pension funds |
See industry description for 525120 below.
This industry comprises legal entities (i.e., funds, plans, and/or programs) organized to provide medical, surgical, hospital, vacation, training, and other health- and welfare-related employee benefits exclusively for the sponsor's employees or members.
Cross-References. Establishments primarily engaged in--
| Go to: | No change 2002 to 2007 | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525120 | 525120 | 525120 | Employee benefit plans (except pension) |
| 525120 | 525120 | 525120 | Funds, health and welfare |
| 525120 | 525120 | 525120 | Health and welfare funds |
| 525120 | 525120 | 525120 | Plans, health and welfare related employee benefit |
| 525120 | 525120 | 525120 | Union health and welfare funds |
See industry description for 525190 below.
This industry comprises legal entities (i.e., funds (except pension, and health- and welfare-related employee benefit funds)) organized to provide insurance exclusively for the sponsor, firm, or its employees or members. Self-insurance funds (except employee benefit funds) and workers' compensation insurance funds are included in this industry.
Cross-References. Establishments primarily engaged in--
| Go to: | No change 2002 to 2007 | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525190 | 525190 | 525190 | Compensation, workers, insurance funds |
| 525190 | 525190 | 525190 | Funds, self-insurance (except employee benefit funds) |
| 525190 | 525190 | 525190 | Self-insurance funds (except employee benefit funds) |
| 525190 | 525190 | 525190 | Workers' compensation insurance funds |
This industry group comprises legal entities (i.e., investment pools and/or funds) organized to pool securities or other assets (except insurance and employee-benefit funds) on behalf of shareholders, unitholders, or beneficiaries.
See industry description for 525910 below.
This industry comprises legal entities (i.e., open-end investment funds) organized to pool assets that consist of securities or other financial instruments. Shares in these pools are offered to the public in an initial offering with additional shares offered continuously and perpetually and redeemed at a specific price determined by the net asset value.
Illustrative Examples:
Investment funds, open-ended Money market mutual funds, open-ended
| Go to: | No change 2002 to 2007 | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525910 | 525910 | 525910 | Funds, mutual, open-ended |
| 525910 | 525910 | 525910 | Investment funds, open-ended |
| 525910 | 525910 | 525910 | Money market mutual funds, open-ended |
| 525910 | 525910 | 525910 | Mutual funds, open-ended |
See industry description for 525920 below.
This industry comprises legal entities, trusts, estates, or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement.
Illustrative Examples:
Bankruptcy estates Private estates (i.e., administering on behalf of beneficiaries) Personal investment trusts Testamentary trusts
Cross-References. Establishments primarily engaged in--
| Go to: | No change 2002 to 2007 | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525920 | 525920 | 525920 | Bankruptcy estates |
| 525920 | 525920 | 525920 | Personal estates (i.e., managing assets) |
| 525920 | 525920 | 525920 | Personal investment trusts |
| 525920 | 525920 | 525920 | Personal trusts |
| 525920 | 525920 | 525920 | Private estates (i.e., administering on behalf of beneficiaries) |
| 525920 | 525920 | 525920 | Testamentary trusts |
| 525920 | 525920 | 525920 | Trusts, estates, and agency accounts |
See industry description for 525990 below.
This industry comprises legal entities (i.e., funds (except insurance and employee benefit funds; open-end investment funds; trusts, estates, and agency accounts)). Included in this industry are mortgage Real Estate Investment Trusts (REITs).
Illustrative Examples:
Closed-end investment funds Special purpose vehicles Collateralized Mortgage Obligations (CMOs) Unit investment trust funds Face-amount certificate funds Mortgage real estate investment trusts (REITs) Real Estate Mortgage Investment Conduits (REMICs)
Cross-References. Establishments primarily engaged in--
| Go to: | 2007 NAICS to 2002 NAICS [xls] | No change 1997 to 2002 | 2002 Economic Census and other data sources |
| 2007 NAICS | 2002 NAICS | 1997 NAICS |
Corresponding Index Entries |
|---|---|---|---|
| 525990 | Closed-end investment funds | ||
| 525990 | 525990 | 525990 | CMOs (collateralized mortgage obligations) |
| 525990 | 525990 | 525990 | Collateralized mortgage obligations (CMOs) |
| 525990 | 525990 | 525990 | Face-amount certificate funds |
| 525990 | 525990 | 525990 | Funds, mutual, closed-end |
| 525990 | 525990 | 525990 | Investment funds, closed-end |
| 525990 | 525990 | 525990 | Money market mutual funds, closed-end |
| 525990 | 525930 | 525930 | Mortgage real estate investment trusts (REITs) |
| 525990 | 525990 | 525990 | Mutual funds, closed-end |
| 525990 | 525990 | 525990 | Profit-sharing funds |
| 525990 | 525990 | 525990 | Real estate mortgage investment conduits (REMICs) |
| 525990 | 525990 | 525990 | REMICs (real estate mortgage investment conduits) |
| 525990 | 525990 | 525990 | Special purpose financial vehicles |
| 525990 | 525990 | 525990 | Unit investment trust funds |
