Unit Investment Trust Data
October 2003

Washington, DC, November 13, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.21 billion in October, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $976.6 million in September 2003 and $798.7 million in October 2002.

Total Deposits by Trust Type
(thousands of dollars)

		October 2003	September 2003	October 2002
Equity		1,001,880	798,133	526,532
Taxable Debt		82,645	62,788	116,142
Tax-Free Debt		125,415	115,714	155,986
Total		1,209,940	976,635	798,660

There were 53 new trusts issuing shares in October 2003. Of that total, 35 were equity trusts and 18 tax-free 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 October, with $130.0 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.