Unit Investment Trust Data
January 2003

Washington, DC, February 21, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.15 billion in January, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $847.6 million in December 2002 and $1.28 billion in January 2002.

Total Deposits by Trust Type (millions of dollars)
		January 2003	December 2002	January 2002
Equity		906.3	665.6	1,074.0
Taxable Debt		60.6	71.4	60.7
Tax-Free Debt		184.8	110.5	141.4
Total		1,151.7	847.6	1,276.1

There were 76 new trusts issuing shares in January 2003. Of that total, 40 were equity trusts, 33 tax-free bond trusts, and three 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 January 2003, with $204.5 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.