Unit Investment Trust Data
October, 2004

Washington, DC, November 22, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.42 billion in October 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.57 billion in September 2004 and $1.21 billion in October 2003.

Total Deposits by Trust Type (thousands of dollars)
		October 2004	September 2004	October 2003
Equity		1,191,597	1,285,646	1,001,980R
Taxable Debt		97,217	109,471	82,545R
Tax-Free Debt		127,588	171,481	125,415
Total		1,416,402	1,566,598	1,209,940

R=Revised

There were 70 new trusts issuing shares in October. Of that total, 38 were equity trusts, 23 were tax-free bond trusts, and nine 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 October with $127.7 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.