Unit Investment Trust Data
November 2003

Washington, DC, January 13, 2004 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $997.0 million in November 2003, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.21 billion in October 2003 and $604.0 million in November 2002.

Total Deposits by Trust Type
(thousands of dollars)

		November 2003	October 2003	November 2002
Equity		832,126	1,001,880	433,215
Taxable Debt		52,850	82,645	61,118
Tax-Free Debt		112,017	125,415	109,678
Total		996,993	1,209,940	604,011

There were 44 new trusts issuing shares in November 2003. Of that total, 24 were equity trusts and 19 tax-free bond trusts, and 1 taxable bond trust.

In terms of maturity, long-term bond trusts having an average weighted maturity of more than 15 years were the most commonly offered in November, with $100.9 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.