Unit Investment Trust Data
November 2002

Washington, DC, December 16, 2002 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $604.0 million in November, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $798.7 million in October 2002 and $965.1 million in November 2001.

Total Deposits by Trust Type (millions of dollars)
	November 2002	October 2002	November 2001
Equity	433.2	526.5	764.2
Taxable Debt	61.1	116.1	59.5
Tax-Free Debt	109.7	156.0	141.5
Total	604.0	798.7	965.1

There were 47 new trusts issuing shares in November 2002. Of that total, 25 were new equity trusts, 19 tax-free bond trusts, and three new taxable bond trusts.

In terms of maturity, long-term bond trusts having an average weighted maturity of more than 15 years were the most commonly offered in November 2002, with $139.7 million in shareholder deposits.

Data on the market value of unit investment trusts issued and outstanding as of year-end 2001 indicate a total of 7,880 trusts with a value of $49.39 billion. According to reports of sponsors, at year-end 2001 there were 6,296 tax-free bond trusts, with a market value of $19.00 billion; 174 taxable bond trusts, with a market value of $3.78 billion; and 1,410 equity trusts, with a market value of $26.60 billion.