Unit Investment Trust Data
May 2004

Washington, DC, June 16, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $975.6 million in May 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.51 billion in April 2004 and $911.5 million in May 2003.

Total Deposits by Trust Type (thousands of dollars)
		May 2004	April 2004	May 2003
Equity		829,780	1,313,236	662,165
Taxable Debt		46,725	89,480	80,993
Tax-Free Debt		99,069	111,601	168,335
Total		975,574	1,514,317	911,493

There were 42 new trusts issuing shares in May. Of that total, 24 were equity trusts, 15 were tax-free bond trusts, and three were taxable bond trusts.

In terms of maturity, long-term bond trusts having an average weighted maturity over 15 years were the most commonly offered in May with $72.5 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.