Overview

Distributions to Income Beneficiaries

as of Mar 27, 2020
Annualized Distribution per Unit1 $0.550
Annualized Distribution Rate at Current NAV2 7.60%
Annualized Distribution Rate at Initial NAV3 5.50%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 04/30/2019
Minimum Initial Contribution $20,000
CUSIP 90344D354

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.38%
Servicing Agent Fee 0.75%
Estimated Other Expenses 0.06%
    Estimated Total Expenses 1.84%
Fees and Expenses stated above are annual percentages of average daily net assets.
 

Investment Team

Michael Allison, CFA
Vice President, Eaton Vance Trust Company
32 years of industry experience
20 years at Eaton Vance
BSBA, University of Denver
Derek J.V. DiGregorio
Vice President, Eaton Vance Trust Company
14 years of industry experience
14 years at Eaton Vance
BS, Bates College
MBA, Boston University Questrom School of Business

Disclosures 

While the Trusts will seek to provide tax-advantaged monthly distributions to income beneficiaries growing over time with inflation and increasing amounts available for charitable purposes upon termination of beneficiaries’ income interests, the Trusts’ overall investment results are subject to market risk and are not guaranteed by any person. Distributions to income beneficiaries may fluctuate with changes in economic conditions, may not grow over time at rates consistent with inflation and may decline. The tax character of distributed Trust income may vary. The principal amount available for charitable purposes upon termination of a Trust Account’s income interests may be higher or lower than the value of the Trust Account at initial funding.


Performance

Historical Returns (%) as of Dec 31, 2019

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Since Trust Inception
02/29/2020
Total Return -8.49 -7.09 -9.51 -8.02
   Return to Income Beneficiaries 0.52 1.47 1.00 5.02
   Return to Charitable Beneficiaries -8.96 -8.44 -10.41 -12.42
MSCI World Index4 -8.45 -6.28 -9.01 4.63 7.23 5.88 -0.26
40% MSCI USA/ 60% MSCI World ex USA5 -8.61 -6.84 -9.61 2.80 6.08 4.58 -1.49
12/31/2019
Total Return 2.68 6.85 1.65
   Return to Income Beneficiaries 0.47 1.44 3.98
   Return to Charitable Beneficiaries 2.20 5.34 -2.24
MSCI World Index4 3.00 8.56 27.67 27.67 12.57 8.73 9.62
40% MSCI USA/ 60% MSCI World ex USA5 3.07 8.31 25.81 25.81 11.48 7.65 8.99
Past performance is no guarantee of future results. Performance is for the stated time periods only; due to market volatility, the Trust's current performance may be lower or higher than quoted. Total Return is calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Return to Income Beneficiaries represents the portion of the Total Return attributable to distributions. Return to Charitable Beneficiaries represents the portion of the Total Return attributable to change in NAV. Total Return and Return to Income Beneficiaries is net of foreign taxes on dividends received on non-U.S. investments. Income beneficiaries will generally be eligible to receive a federal income tax credit or an itemized deduction for their attributable share of unrecovered foreign withholding tax. Performance for time periods less than or equal to one year is cumulative.
 

NAV History

Date NAV NAV Change
Mar 27, 2020 $7.24 -$0.29
Mar 26, 2020 $7.53 $0.41
Mar 25, 2020 $7.12 $0.15
Mar 24, 2020 $6.97 $0.61
Mar 23, 2020 $6.37 -$0.19
Mar 20, 2020 $6.56 -$0.18
Mar 19, 2020 $6.73 $0.08
Mar 18, 2020 $6.66 -$0.34
Mar 17, 2020 $6.99 $0.34
Mar 16, 2020 $6.66 -$0.86
 

Distribution History

Ex-Date Distribution
Jan 31, 2020 $0.04583
Dec 31, 2019 $0.04583
Nov 29, 2019 $0.04583
Oct 31, 2019 $0.04583
Sep 30, 2019 $0.04583
Aug 30, 2019 $0.04583
Jul 31, 2019 $0.04583
Jun 28, 2019 $0.04583
May 31, 2019 $0.04583

Disclosures 

While the Trusts will seek to provide tax-advantaged monthly distributions to income beneficiaries growing over time with inflation and increasing amounts available for charitable purposes upon termination of beneficiaries’ income interests, the Trusts’ overall investment results are subject to market risk and are not guaranteed by any person. Distributions to income beneficiaries may fluctuate with changes in economic conditions, may not grow over time at rates consistent with inflation and may decline. The tax character of distributed Trust income may vary. The principal amount available for charitable purposes upon termination of a Trust Account’s income interests may be higher or lower than the value of the Trust Account at initial funding.


Literature

Literature

U.S. Legacy Income Trust I Fact Sheet

Download - Last updated: Dec 31, 2019

U.S. Legacy Income Trusts Brochure

Download - Last updated: Apr 30, 2019

U.S. Legacy Income Trusts Information Statement

Download - Last updated: Dec 20, 2019

U.S. Legacy Income Trusts Forms Booklet

Download - Last updated: Dec 16, 2019