Unit Investment Trust Data
June 2003

Washington, DC, July 16, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.08 billion in June, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $911.5 million in May 2003 and $923.8 million in June 2002.

Total Deposits by Trust Type (thousands of dollars)
		June 2003	May 2003	June 2002
Equity		848,172	662,165	722,829
Taxable Debt		71,264	80,993	60,632
Tax-Free Debt		156,222	168,335	140,312
Total		1,075,658	911,493	923,773

There were 55 new trusts issuing shares in June 2003. Of that total, 23 were equity trusts, 28 tax-free bond trusts, and four 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 June 2003, with $156.4 million in shareholder deposits.

Data on the market value of unit investment trusts issued and outstanding as of year-end 2002 indicate a total of 8,303 trusts with a value of $36.02 billion. According to reports of sponsors, at year-end 2002 there were 6,690 tax-free bond trusts, with a market value of $17.35 billion; 366 taxable bond trusts, with a market value of $4.02 billion; and 1,247 equity trusts, with a market value of $14.65 billion.