Research and Statistics

Release: Unit Investment Trust Deposits

Monthly UIT Deposits
June 2021

Washington, DC; July 15, 2021—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $4.15 billion in June, according to statistics compiled by ICI. For comparison, deposits were $4.88 billion in May 2021 and $2.91 billion in June 2020.

Total Deposits by Trust Type
Thousands of dollars
  June 2021 May 2021 June 2020
Equity 4,054,724 4,801,297 2,837,841
Taxable Debt 37,772 23,851 30,159
Tax-Free Debt 59,852 52,465 38,409
Total 4,152,348 4,877,613 2,906,409

There were 117 new trusts issuing shares in June. Of that total, 111 were equity trusts, two were taxable bond trusts, and four 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 June with $66.73 million.

March 2021 figures: Data on the market value of unit investment trusts issued and outstanding as of March 31, 2021 indicates a total of 4,274 trusts with a value of $82.53 billion. According to reports of sponsors, on March 31, 2021, there were 1,450 tax-free bond trusts, with a market value of $5.51 billion; 510 taxable bond trusts, with a market value of $1.60 billion; and 2,314 equity trusts, with a market value of $75.43 billion.