Research

Monthly UIT Deposits
April 15, 2021

Washington, DC; April 15, 2021—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $4.60 billion in March, according to statistics compiled by ICI. For comparison, deposits were $4.30 billion in February 2021 and $2.49 billion in March 2020.

Total Deposits by Trust Type
Thousands of dollars

 

March 2021

February 2021

March 2020

Equity

4,500,236

4,223,084

2,439,941

Taxable Debt

47,746

23,005

19,762

Tax-Free Debt

55,167

56,635

33,944

Total

4,603,149

4,302,724

2,493,647

There were 122 new trusts issuing shares in March. Of that total, 117 were equity trusts, two were taxable bond trusts, and three were tax-free bond trusts.

In terms of maturity, short term bond trusts having an average weighted maturity of less than five years attracted the most deposits in March with $71.45 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.