Unit Investment Trust Data
August 2004

Washington, September 28, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.01 billion in August 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $2.18 billion in July 2004 and $875.3 million in August 2003.

Total Deposits by Trust Type (thousands of dollars)
		August 2004	July 2004	August 2003
Equity		791,487	2,002,494	706,423
Taxable Debt		81,300	58,984	68,241
Tax-Free Debt		133,500	117,492	100,607
Total		1,006,287	2,178,970	875,271

There were 53 new trusts issuing shares in August. Of that total, 22 were equity trusts, 23 were tax-free bond trusts, and eight 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 August with $115.5 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.