Unit Investment Trust Data
April 2003

Washington, DC, May 20, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $745.4 million in April, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $784.8 million in March 2003 and $872.1 million in April 2002.

Total Deposits by Trust Type (thousands of dollars)
		April 2003	March 2003	April 2002
Equity		522,391	508,037	732,002
Taxable Debt		90,598	118,820	40,245
Tax-Free Debt		132,454	157,905	99,806
Total		745,443	784,762	872,053

There were 54 new trusts issuing shares in April 2003. Of that total, 21 were equity trusts, 26 tax-free bond trusts, and seven 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 April 2003, with $154.3 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. Data for year-end 2002 is not yet available.