Unit Investment Trust Data
June 2004

Washington, DC, July 19, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.03 billion in June 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $975.6 million in May 2004 and $1.08 billion in June 2003.

Total Deposits by Trust Type (thousands of dollars)
		June 2004	May 2004	June 2003
Equity		843,907	829,780	848,172
Taxable Debt		61,748	46,725	71,264
Tax-Free Debt		125,785	99,069	156,222
Total		1,031,440	975,574	1,075,658

There were 69 new trusts issuing shares in June. Of that total, 45 were equity trusts, 20 were tax-free bond trusts, and four 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 June with $98.1 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.