Unit Investment Trust Data
December 2002

Washington, DC, January 15, 2003 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $847.6 million in December, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $604.0 million in November 2002 and $912.4 million in December 2001.

Total Deposits by Trust Type (millions of dollars)
	December 2002	November 2002	December 2001
Equity	665.6	433.2	758.1
Taxable Debt	71.4	61.1	50.5
Tax-Free Debt	110.5	109.7	103.8
Total	847.6	604.0	912.4

There were 45 new trusts issuing shares in December 2002. Of that total, 21 were new equity trusts, 20 tax-free bond trusts, and four new 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 December 2002, with $145.9 million in shareholder deposits.

Data on the market value of unit investment trusts issued and outstanding as of year-end 2001 indicate a total of 7,880 trusts with a value of $49.39 billion. According to reports of sponsors, at year-end 2001 there were 6,296 tax-free bond trusts, with a market value of $19.00 billion; 174 taxable bond trusts, with a market value of $3.78 billion; and 1,410 equity trusts, with a market value of $26.60 billion.