Overview

Distributions to Income Beneficiaries

as of Jun 08, 2023
Annualized Distribution per Unit1 $0.600
Annualized Distribution Rate at Current NAV2 7.31%
Annualized Distribution Rate at Initial NAV3 6.00%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 01/03/2022
Minimum Initial Contribution $1,000,000
CUSIP 90344D271

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.10%
Servicing Agent Fee 0.25%
Estimated Other Expenses 0.05%
    Estimated Total Expenses 1.05%
Fees and Expenses stated above are annual percentages of average daily net assets.
 

Investment Team

Derek J.V. DiGregorio
Vice President, Eaton Vance Trust Company
17 years of investment experience
17 years at Eaton Vance
BS, Bates College
MBA, Boston University Questrom School of Business
Charles Gaffney
Vice President, Eaton Vance Trust Company
27 years of investment experience
20 years at Eaton Vance
BS, Bowdoin College
MBA, Graduate School of Business, Fordham University
Douglas Rogers, CFA, CMT
Vice President, Eaton Vance Trust Company
24 years of investment experience
22 years at Eaton Vance
BS, United States Naval Academy
MBA, Harvard University

Disclosures 

While U.S. Legacy Income Trust III.2 (the Trust) 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 Trust's 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 Total Returns (%) as of Mar 31, 2023

Annualized
1 Mo. 3 Mo. YTD 1 Yr. Since Trust Inception4 3 Yr. 5 Yr. Since Common Trust Inception5
04/30/2023
U.S. Legacy Income Trust III.2 2.97 3.06 9.95 4.23 -7.12
   Income Component of    Return 0.61 1.87 2.50 7.84 7.62
   Principal Component of    Return 2.35 1.16 7.26 -3.35 -13.70
Legacy Income Common Trust Fund 3.09 3.39 10.38 5.44 13.75 6.06
MSCI World Index6 1.75 2.38 9.62 3.18 -8.09 13.10 8.13 8.55
40% MSCI USA / 60% MSCI World ex USA7 2.20 2.50 10.23 4.87 -6.08 12.76 6.66 7.51
03/31/2023
U.S. Legacy Income Trust III.2 2.66 6.82 6.82 -5.44 -9.70
   Income Component of    Return 0.62 1.93 1.93 7.87 7.66
   Principal Component of    Return 2.02 4.80 4.80 -12.34 -16.13
Legacy Income Common Trust Fund 2.74 7.07 7.07 -4.43 16.03 5.37
MSCI World Index6 3.09 7.73 7.73 -7.02 -9.87 16.40 8.00 8.26
40% MSCI USA / 60% MSCI World ex USA7 2.73 7.85 7.85 -5.16 -8.10 15.36 6.52 7.07
U.S. Legacy Income Trust III.2 (Trust) commenced operations on January 3, 2022. The Trust pursues its investment program by investing in Legacy Income Common Trust Fund (Common Trust), a common trust fund that began operating on April 30, 2019. Past performance is no guarantee of future results. Performance is for the stated time periods only; due to market volatility, the Trust’s and the Common Trust’s current performance may be lower or higher than quoted. Total Return for the Trust and the Common Trust is calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Performance for the time periods less than or equal to one year is cumulative. Income Component of Return represents the portion of the Trust’s total return that is attributable to distributions. Principal Component of Return represents the portion of the Trust’s total return that is attributable to changes in NAV. Total returns and the Trust’s Income Component of Return are stated net of foreign taxes withheld on dividends received on non-U.S. investments. Trust income beneficiaries are generally eligible to receive a federal income tax credit or an itemized deduction for their attributable share of unrecovered foreign withholding tax.

The Common Trust’s investment program combines dividend-capture trading (focused primarily on non-U.S. equities) and a core equity approach (focused primarily on U.S. equities). The Common Trust’s long-term target allocation is approximately 60% non-U.S. equities and approximately 40% U.S. equities. Allocations will vary over time depending on portfolio income needs, dividend seasonality, risk management considerations and other factors. The Common Trust typically maintains 140-200 holdings, with a maximum active weight vs. benchmark of 3%. In addition to other risk management practices, the Common Trust manages stock weightings and contribution to predicted tracking error on an industry and country basis.
 

NAV History

Date NAV NAV Change
Jun 08, 2023 $8.20 $0.07
Jun 06, 2023 $8.18 $0.02
Jun 05, 2023 $8.16 -$0.04
Jun 02, 2023 $8.20 $0.09
Jun 01, 2023 $8.10 $0.09
May 31, 2023 $8.01 -$0.08
May 30, 2023 $8.09 -$0.04
May 26, 2023 $8.13 $0.07
May 25, 2023 $8.06 $0.01
May 24, 2023 $8.05 -$0.09
May 23, 2023 $8.14 -$0.08
May 22, 2023 $8.21 -$0.02
May 19, 2023 $8.23 $0.02
May 18, 2023 $8.21 $0.03
May 17, 2023 $8.18 $0.04
May 16, 2023 $8.14 -$0.07
May 15, 2023 $8.21 $0.04
May 12, 2023 $8.16 -$0.02
May 11, 2023 $8.18 -$0.05
May 10, 2023 $8.23 $0.03
May 09, 2023 $8.21 -$0.02
May 08, 2023 $8.22 $0.01
May 05, 2023 $8.22 $0.14
May 04, 2023 $8.08 -$0.07
 

Distribution History

Ex-Date Distribution
Apr 28, 2023 $0.05000
Mar 31, 2023 $0.05000
Feb 28, 2023 $0.05000
Jan 31, 2023 $0.05000
Dec 30, 2022 $0.05000
Nov 30, 2022 $0.05000
Oct 31, 2022 $0.05000
Sep 30, 2022 $0.05000
Aug 31, 2022 $0.05000
Jul 29, 2022 $0.05000
View All
 

Foreign Tax Credit History8

Tax Year Per Share % of NAV
2022 $0.085 1.11%

Literature

Literature

U.S. Legacy Income Trust III.2 Fact Sheet

Download U.S. Legacy Income Trust III.2 Fact Sheet - Last updated: Mar 31, 2023

U.S. Legacy Income Trusts Investment Overview

Download U.S. Legacy Income Trusts Investment Overview - Last updated: Mar 31, 2022

U.S. Legacy Income Trusts Brochure Advised Donor

Download U.S. Legacy Income Trusts Brochure Advised Donor - Last updated: Dec 31, 2022

Legacy Income Common Trust Fund Financial Statement and Auditors' Report

Download Legacy Income Common Trust Fund Financial Statement and Auditors' Report - Last updated: Dec 31, 2021

U.S. Legacy Income Trusts Application Advised Donor.pdf

Download U.S. Legacy Income Trusts Application Advised Donor.pdf - Last updated: Feb 9, 2023

U.S. Legacy Income Trusts Information Statement Advised Donor.pdf

Download U.S. Legacy Income Trusts Information Statement Advised Donor.pdf - Last updated: Feb 9, 2023