Unit Investment Trust Data
July 2004

Washington, DC, August 24, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $2.18 billion in July 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.03 billion in June 2004 and $2.00 billion in July 2003.

Total Deposits by Trust Type (thousands of dollars)
		July 2004	June 2004	July 2003
Equity		2,002,494	843,907	1,813,311
Taxable Debt		58,984	61,748	49,054
Tax-Free Debt		117,492	125,785	132,635
Total		2,178,970	1,031,440	1,995,000

There were 56 new trusts issuing shares in July. Of that total, 37 were equity trusts, 17 were tax-free bond trusts, and two 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 July with $102.6 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.