Analysis
NAICS 525910 is the 2022 national industry for open-end investment funds, part of 52591 (Open-End Investment Funds). Census lists 5 example activities under it in the official index.
Between 2018 and 2023 the number of establishments grew 134% and employment rose 99%. 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 354 US establishments in this code in 2023, employing 1,820 people at an average annual payroll of $196,759 per employee (99th percentile of national industries). 75% of the establishments have fewer than five employees, which marks it as a small-business industry.
Its index entries, the activities Census uses to assign businesses to this code, include funds, mutual, open-ended, investment funds, open-ended, management investment offices, open-ended and money market mutual funds, open-ended, among 5 in all.
Official definition
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
Source: US Census Bureau, NAICS 2022 Manual.
Index entries (5)
- Funds, mutual, open-ended
- Investment funds, open-ended
- Management investment offices, open-ended
- Money market mutual funds, open-ended
- Mutual funds, open-ended