Trusts, funds and similar financial entities (e.g. collective portfolio investment funds (excluding those with rental income))

This Sub-class includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics, such as diversification, risk, rate of return and price volatility. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services. Units in this Sub-class are primarily engaged in one or more of the following: •open-end investment funds •closed-end investment funds •trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement •unit investment trust funds •personal investment holding companies, units for holding and managing wealth of individuals and families •business trusts with mainly dividend income

•activities of holding companies, see 6420 •pension funding, see 65302 •fund management activities, see 6630 •collective portfolio investment funds with rental income, see 68105 •philanthropic trusts and foundations that are primarily concerned with grant giving activities, see 94991 •funds and trusts that earn revenue from the sale of goods or services, see SSIC class according to their principal activity