Trusts, funds and similar financial entities

This 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. - open-end investment funds - closed-end investment funds - trusts, estates or

Name: Trusts, funds and similar financial entities
Sector: K - Financial and insurance activities

Lump-sum tax

Usually not eligible

Usually not eligible for lump-sum taxation: financial intermediation is an excluded area.

Usually includes

This 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.
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

Usually excludes

funds and trusts that earn revenue from the sale of goods or services, see NACE class according to their principal activity
activities of holding companies, see 64.20
pension funding, see 65.30
management of funds, see 66.30

Source: the official APR activity classification.