Release: Unit Investment Trust Deposits
Monthly UIT Deposits
Washington, DC; May 15, 2024—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $5.99 billion in April, according to statistics compiled by ICI. For comparison, deposits were $4.00 billion in March 2024 and $5.01 billion in April 2023.
Total Deposits by Trust Type
Thousands of dollars
|
|
April 2024 |
March 2024 |
April 2023 |
|
Equity |
5,889,203 |
3,913,812 |
4,914,464 |
|
Taxable Debt |
39,819 |
43,257 |
45,381 |
|
Tax-Free Debt |
63,147 |
46,616 |
46,121 |
|
Total |
5,992,169 |
4,003,685 |
5,005,966 |
There were 157 new trusts issuing shares in April. Of that total, 147 were equity trusts, five were taxable bond trusts, and five 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 April with $65.59 million.
March 2024 figures: Data on the market value of unit investment trusts issued and outstanding as of March 31, 2024 indicates a total of 3,716 trusts with a value of $83.12 billion. According to reports of sponsors, on March 31, 2024, there were 1,219 tax-free bond trusts, with a market value of $3.56 billion; 373 taxable bond trusts, with a market value of $1.24 billion; and 2,124 equity trusts, with a market value of $78.32 billion.
If you have any questions or would like to request additional comments on this or data on another topic, please contact a member of ICI’s Media Relations team at media@ici.org.