Release: Unit Investment Trust Deposits
Monthly UIT Deposits
Washington, DC; April 15, 2024—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $4.00 billion in March, according to statistics compiled by ICI. For comparison, deposits were $4.12 billion in February 2024 and $3.22 billion in March 2023.
Total Deposits by Trust Type
Thousands of dollars
|
|
March 2024 |
February 2024 |
March 2023 |
|
Equity |
3,913,812 |
4,041,966 |
3,139,926 |
|
Taxable Debt |
43,257 |
30,830 |
34,571 |
|
Tax-Free Debt |
46,616 |
51,773 |
49,561 |
|
Total |
4,003,685 |
4,124,569 |
3,224,058 |
There were 85 new trusts issuing shares in March. Of that total, 80 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 $51.48 million.
December 2023 figures: Data on the market value of unit investment trusts issued and outstanding as of December 31, 2023 indicates a total of 3,750 trusts with a value of $77.02 billion. According to reports of sponsors, on December 31, 2023, there were 1,231 tax-free bond trusts, with a market value of $3.65 billion; 374 taxable bond trusts, with a market value of $1.22 billion; and 2,145 equity trusts, with a market value of $72.15 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 202-371-5413 or icipubcomm@ici.org.