Unit Investment Trust Data
July 2003

Washington, DC, August 21, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $2.0 billion in July, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.08 billion in June 2003 and $1.31 billion in July 2002.

Total Deposits by Trust Type
(thousands of dollars)

		July 2003	June 2003	July 2002
Equity		1,813,311	848,172	1,069,504
Taxable Debt		49,054	71,264	77,210
Tax-Free Debt		132,635	156,222	159,960
Total		1,995,000	1,075,658	1,306,674

There were 60 new trusts issuing shares in July 2003. Of that total, 35 were equity trusts, 24 tax-free bond trusts, and one 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 July, with $133.54 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.