Monthly UIT Deposits
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|
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.