Unit Investment Trust Data
September 2003

Washington, DC, October 24, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $976.6 million in September, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $875.3 million in August 2003 and $679.6 million in September 2002.

Total Deposits by Trust Type
(thousands of dollars)

		September 2003	August 2003	September 2002
Equity		798,133	706,423	383,119
Taxable Debt		62,788	68,241	101,866
Tax-Free Debt		115,714	100,607	194,640
Total		976,635	875,271	679,625

There were 51 new trusts issuing shares in September 2003. Of that total, 27 were equity trusts, 20 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 September, with $118.04 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.