Analysis
NAICS 5259 is the 2022 industry group for other investment pools and funds, part of 525 (Funds, Trusts, and Other Financial Vehicles). Census lists 29 example activities under it in the official index.
Between 2018 and 2023 the number of establishments grew 85% and employment rose 123%. The 2018 count used NAICS 2017, so part of a large move can come from codes being redefined rather than from businesses opening or closing.
County Business Patterns counts 2,006 US establishments in this code in 2023, employing 9,639 people at an average annual payroll of $173,124 per employee (99th percentile of national industries). 82% of the establishments have fewer than five employees, which marks it as a small-business industry.
Across its national industries Census lists 29 index entries; typical ones are funds, mutual, open-ended, bankruptcy estates and closed-end investment funds.
It splits into 3 more detailed codes. The largest by establishments is 52599 (Other Financial Vehicles) with 1,652.
Its more detailed codes are 52591 Open-End Investment Funds (354 establishments), 52592 Trusts, Estates, and Agency Accounts and 52599 Other Financial Vehicles (1,652 establishments).
Official definition
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.
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (29)
- Funds, mutual, open-ended
- Bankruptcy estates
- Closed-end investment funds