Release: Unit Investment Trust Deposits
Monthly UIT Deposits
May 2024
Washington, DC; June 14, 2024—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $4.12 billion in May, according to statistics compiled by ICI. For comparison, deposits were $5.99 billion in April 2024 and $3.81 billion in May 2023.
Total Deposits by Trust Type
Thousands of dollars
|
|
May 2024 |
April 2024 |
May 2023 |
|
Equity |
4,006,632 |
5,889,203 |
3,712,783 |
|
Taxable Debt |
55,941 |
39,819 |
33,003 |
|
Tax-Free Debt |
60,769 |
63,147 |
61,746 |
|
Total |
4,123,342 |
5,992,169 |
3,807,532 |
There were 114 new trusts issuing shares in May. Of that total, 109 were equity trusts, three were taxable bond trusts, and two 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 May with $74.11 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.
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