Unit Investment Trust Data
December 2004

Washington, DC, January 25, 2005 - Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $1.54 billion in December 2004, according to statistics compiled by the Investment Company Institute. For comparison, deposits were $1.52 billion in November 2004 and $1.36 billion in December 2003.

Total Deposits by Trust Type (thousands of dollars)
		December 2004	November 2004	December 2003
Equity		1,340,976	1,316,608	1,122,943
Taxable Debt		81,256	93,414	73,058
Tax-Free Debt		112,837	107,644	160,587
Total		1,535,069	1,517,666	1,356,588

There were 56 new trusts issuing shares in December. Of that total, 29 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 December with $121.38 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.

This website includes a section devoted to statistics on unit investment trusts and other investment companies.