Unit Investment Trust Data
April 2004

Washington, DC, May 20, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.51 billion in April 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.35 billion in March 2004 and $745.4 million in April 2003.

Total Deposits by Trust Type (thousands of dollars)
		April 2004	March 2004	April 2003
Equity		1,313,236	1,086,596	522,391
Taxable Debt		89,480	75,739	90,598
Tax-Free Debt		111,601	189,268	132,454
Total		1,514,317	1,351,603	745,443

There were 50 new trusts issuing shares in April. Of that total, 30 were equity trusts, 15 were tax-free bond trusts, and 5 were taxable bond trusts.

In terms of maturity, intermediate bond trusts having an average weighted maturity between 5 and 15 years were the most commonly offered in April with $101.5 million in shareholder deposits.

Data on the market value of unit investment trusts issued and outstanding as of year-end 2003 indicates a total of 7,233 trusts with a value of $35.83 billion. According to reports of sponsors, at year-end 2003 there were 5,707 tax-free bond trusts, with a market value of $13.50 billion; 320 taxable bond trusts, with a market value of $3.31 billion; and 1,206 equity trusts, with a market value of $19.02 billion.