Merrill Lynch Depositor Inc. files 10-K for IndexPlus Trust Series 2003-1

TL;DR

<b>Merrill Lynch Depositor Inc. filed its annual 10-K report for the IndexPlus Trust Series 2003-1, detailing its fiscal year-end 2023 financial status and compliance.</b>

AI Summary

MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1 (IPB) filed a Annual Report (10-K) with the SEC on March 22, 2024. The filing is an annual report (10-K) for the fiscal year ended December 31, 2023. The registrant is Merrill Lynch Depositor, Inc. on behalf of IndexPlus Trust Series 2003-1. The trust certificates Series 2003-1 are listed on The New York Stock Exchange American under the trading symbol IPB. The company is incorporated in Delaware and its principal executive offices are in New York, NY. The filing confirms the registrant has filed all required reports for the preceding 12 months and has been subject to such filing requirements for the past 90 days.

Why It Matters

For investors and stakeholders tracking MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1, this filing contains several important signals. This 10-K filing provides crucial information on the financial health and operational status of the IndexPlus Trust Series 2003-1 for the fiscal year 2023. Investors and stakeholders can use this report to assess the performance and compliance of the trust, which is listed on the NYSE American under the ticker IPB.

Risk Assessment

Risk Level: low — MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1 shows low risk based on this filing. The filing is a standard annual report for a structured trust, indicating routine operations with no immediate red flags presented in the header information.

Analyst Insight

Review the full 10-K filing to understand the specific financial performance and any disclosed risks for the IndexPlus Trust Series 2003-1.

Key Numbers

• 20231231 — Fiscal Year End (Fiscal Year End)
• 001-31941 — SEC File Number (SEC File Number)
• 10-K — Form Type (Form Type)
• 1934 Act — SEC Act (SEC Act)
• IPB — Trading Symbol (Trading Symbol for INDEXPLUS Trust Certificates Series 2003-1)
• 10281 — ZIP Code (Business Address ZIP Code)
• 000000000 — IRS Number (IRS Number)
• 13-3891329 — IRS Employer Identification No. (IRS Employer Identification No.)

Key Players & Entities

• MERRILL LYNCH DEPOSITOR INC INDEXPLUS TRUST SERIES 2003-1 (company) — Filer name
• 0001999371-24-003849 (other) — Accession Number
• 20231231 (date) — Conformed Period of Report
• 20240322 (date) — Filed as of Date
• Debt Securities (other) — Asset Class
• 0001267332 (other) — Central Index Key
• ASSET-BACKED SECURITIES (other) — Standard Industrial Classification
• DE (other) — State of Incorporation

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-22: Filing Date — Date the 10-K report was officially filed with the SEC.

Filing Documents

• ipb-10k_123123.htm (10-K) — 111KB
• ex31-1.htm (EX-31.1) — 5KB
• ex97.htm (EX-97.) — 11KB
• ex99-1.htm (EX-99.1) — 6KB
• ex99-2.htm (EX-99.2) — 36KB
• ex99-3.htm (EX-99.3) — 37KB
• ex991001.jpg (GRAPHIC) — 5KB
• 0001999371-24-003849.txt (&nbsp;) — 213KB

RISK FACTORS

ITEM 1A. RISK FACTORS 3

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS 7

CYBERSECURITY

ITEM 1C. CYBERSECURITY 7

PROPERTIES

ITEM 2. PROPERTIES 7

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS 7

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES 7 PART II 7

MARKET FOR REGISTRANT&rsquo;S COMMON

ITEM 5. MARKET FOR REGISTRANT&rsquo;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 7

[RESERVED]

ITEM 6. [RESERVED] 7

MANAGEMENT&rsquo;S DISCUSSION AND ANALYSIS

ITEM 7. MANAGEMENT&rsquo;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 7

QUANTITATIVE AND QUALITATIVE DISCLOSURES

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 8

FINANCIAL STATEMENTS AND SUPPLEMENTARY

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 8

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 8

CONTROLS AND PROCEDURES

ITEM 9A. CONTROLS AND PROCEDURES 8

OTHER INFORMATION

ITEM 9B. OTHER INFORMATION 8

DISCLOSURE REGARDING FOREIGN JURISDICTIONS

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 8 PART III 8

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 8

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 8

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL 8

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 8

PRINCIPAL ACCOUNTING FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 9 PART IV 9

EXHIBITS, FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 9

SIGNATURES

SIGNATURES 10 EX-31.1: CERTIFICATION EX-97: POLICY RELATING TO RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION EX-99.1: TRUSTEE'S ANNUAL COMPLIANCE CERTIFICATE EX-99.2: REPORT OF PRICEWATERHOUSECOOPERS LLP EX-99.3: REPORT OF KPMG LLP PART I ITEM 1. BUSINESS Not Applicable. 2 ITEM 1A. RISK FACTORS Your investment in the trust certificates will involve certain risks. You should carefully consider the following discussion of risks, and the other information included or incorporated by reference in the applicable prospectus supplement and the accompanying prospectus. You should also carefully consider any risk factors and other information that the underlying securities issuer may file in its Exchange Act reports as referenced in the &ldquo;Documents Incorporated by Reference&rdquo; section above. IF THE TRUST CERTIFICATES OR ANY OF THE UNDERLYING SECURITIES ARE REDEEMED PRIOR TO THEIR MATURITY DATE, YOU MAY NOT BE ABLE TO REINVEST YOUR REDEMPTION PROCEEDS AT A YIELD COMPARABLE TO THE YIELD YOU WOULD HAVE RECEIVED ON YOUR TRUST CERTIFICATES. The yield you will realize on your trust certificates depends upon several factors, including: &bull; the purchase price of the trust certificates, &bull; when you acquire your trust certificates, &bull; whether an underlying securities issuer exercises an option to redeem underlying securities, and &bull; whether the trust redeems the trust certificates prior to the final scheduled distribution date. The description of the underlying securities in the applicable prospectus supplement indicates which of the underlying securities can be redeemed prior to maturity at the option of the associated underlying securities issuer. Because the indicated underlying securities issuers have the right to redeem the indicated underlying securities early, we cannot assure you that the trust will be able to hold those underlying securities until their maturity date. 3 YOU MAY NOT BE PAID IF THE ASSETS OF TH

CYBERSECURITY

ITEM 1C. CYBERSECURITY Not Applicable. ITEM 2. PROPERTIES None. ITEM 3. LEGAL PROCEEDINGS None. ITEM 4. MINE SAFETY DISCLOSURES Not Applicable. PART II ITEM 5. MARKET FOR REGISTRANT&rsquo;S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Trust Certificates issued by INDEXPLUS Trust Series 2003-1 are represented by one or more physical certificates registered in the name of Cede & Co., the nominee of the Depository Trust Company. The Trust Certificates are listed on The New York Stock Exchange American. ITEM 6. [RESERVED] ITEM 7. MANAGEMENT&rsquo;S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Not Applicable. 7 ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Not Applicable. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA Not Applicable. ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE None. ITEM 9A. CONTROLS AND PROCEDURES The Registrant has procedures so as to provide reasonable assurance that its future Exchange Act filings will be filed within the applicable time periods. ITEM 9B. OTHER INFORMATION None. ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Not Applicable. PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Not Applicable. ITEM 11. EXECUTIVE COMPENSATION Not Applicable. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS (a) Securities Authorized For Issuance Under Equity Compensation Plans: None. (b)

Security Ownership Of Certain Beneficial Owners

Security Ownership Of Certain Beneficial Owners: None. (c)

Security Ownership Of Management: Not Applicable

Security Ownership Of Management: Not Applicable. (d) Changes In Control: None. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE None. 8 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Not Applicable. PART IV ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES (a)(1)

Financial Statements: Not Applicable

Financial Statements: Not Applicable. (a)(2) Financial Statement Schedules: Not Applicable. (a)(3) List of Exhibits The following exhibits are filed as part of, and incorporated by reference into, this Annual Report on Form 10-K: 4.1 For a description of the securities of the INDEXPLUS Trust Series 2003-1, see Prospectus Supplement (To Prospectus dated October 24, 2002) dated as of December 11, 2003 filed by the Depositor with the SEC on December 15, 2003 and incorporated here by reference. 31.1. Certification of the President of Registrant dated March 22, 2024, pursuant to Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, with respect to the Registrant&rsquo;s Annual Report on Form 10-K for the fiscal year ended December 31, 2023. 97. Policy Relating to Recovery of Erroneously Awarded Compensation. 99.1. Trustee&rsquo;s Annual Compliance Certificate dated March 18, 2024. 99.2. Report of PricewaterhouseCoopers LLP, Independent Accountants, dated March 7, 2024, Registrant&rsquo;s Assertion on Compliance with PPLUS Minimum Servicing Standards dated March 7, 2024 and PPLUS Minimum Servicing Standards. 99.3. Report of KPMG LLP, Independent Accountants, dated February 21, 2024, The Bank of New York Mellon&rsquo;s Assertion on Compliance with PPLUS Minimum Servicing Standards dated February 21, 2024 and PPLUS Minimum Servicing Standards. (b) Exhibits The Registrant hereby files as part of this Annual Report on Form 10-K the exhibits listed in Item 15(a)(3) set forth above. (c) Financial Not Applicable. 9

SIGNATURES

SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MERRILL LYNCH DEPOSITOR, INC. Date: March 22, 2024 By: /s/ Matthew J. Nelson Name: Matthew J. Nelson Title: President

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View this 10-K filing on SEC EDGAR