<p>It became the National Association of Investment Companies in 1941. In 1940, company members included 68 mutual funds and 43 closed-end funds, and assets for the fund industry totaled $2.1 billion. The Hayford instituted its first public information program in 1943, published its first annual statistical summary in 1958, and held its first General Membership Meeting in 1959. Unit investment trusts were welcomed as Institute members in 1985. In 2015, the company celebrated the 75th anniversary of its founding and of the key legislation that gave rise to the modern fund industry.</p>
