Unit Investment Trust Data
September, 2004

Washington, October 29, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.57 billion in September 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.01 billion in August 2004 and $976.6 million in September 2003.

Total Deposits by Trust Type (thousands of dollars)
		September 2004	August 2004	September 2003
Equity		1,285,646	791,487	798,133
Taxable Debt		109,471	81,300	62,788
Tax-Free Debt		171,481	133,500	115,714
Total		1,566,598	1,006,287	976,635

There were 61 new trusts issuing shares in September. Of that total, 34 were equity trusts, 21 were tax-free bond trusts, and six 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 September with $187.4 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.