Monthly UIT Deposits
January 2021

Washington, DC; February 11, 2021—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $5.87 billion in January, according to statistics compiled by ICI. For comparison, deposits were $4.05 billion in December 2020 and $6.50 billion in January 2020.

Total Deposits by Trust Type
Thousands of dollars
  January 2021 December 2020 January 2020
Equity 5,811,358 3,962,109 6,400,925
Taxable Debt 17,374 33,330 37,810
Tax-Free Debt 37,212 51,119 66,221
Total 5,865,944 4,046,558 6,504,956

There were 148 new trusts issuing shares in January. Of that total, 146 were equity trusts, one was a taxable bond trust, and one was a tax-free bond trust.

In terms of maturity, short term bond trusts having an average weighted maturity of less than five years attracted the most deposits in January with $38.50 million.

December 2020 figures: Data on the market value of unit investment trusts issued and outstanding as of December 31, 2020 indicates a total of 4,310 trusts with a value of $77.85 billion. According to reports of sponsors, on December 31, 2020, there were 1,476 tax-free bond trusts, with a market value of $5.86 billion; 522 taxable bond trusts, with a market value of $1.68 billion; and 2,312 equity trusts, with a market value of $70.31 billion.