KBLI 643—Trust Activities, Funding, and Similar Financial Entities

Where 643 sits

1. L Financial and Insurance Activities
2. 64 Financial Services Activities, Except Insurance and Pension Funds
3. 643 Trust Activities, Funding, and Similar Financial Entities

Contains 3 narrower codes

• 6431 Money Market Investment Fund Activities
• 6432 Non-Money Market Investment Fund Activities
• 6433 Trust, Heritage, and Agency Activities

What 643 includes

• This group includes legal entities formed to pool securities or other financial assets, without managing them, on behalf of shareholders or beneficiaries. The portfolio is tailored 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 income from the sale of services. This group includes: •open-end mutual funds; •closed-end mutual funds; •trusts, estates, or agency accounts, managed on behalf of beneficiaries under the terms of a trust agreement, will, or agency agreement; •unit investment trust funds.
• Funds and trusts that earn income from the sale of goods or services are classified based on their primary activity elsewhere in the KBLI (e.g., in division 66 for fund management, division 68 for real estate rental and operation, or division 77 for rental and leasing of ships and aircraft).

What 643 excludes

• This group does not include trustees and financing that earn income from the sale of goods or services, holding company activities, pension funds, and financing management.

643 in other systems