Overview

Distributions to Income Beneficiaries

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

Edward J. Perkin, CFA
Vice President, Eaton Vance Trust Company
26 years of investment experience
6 years at Eaton Vance
BA, University of California, Santa Barbara
MBA, Columbia Business School
G. R. Nelson
Vice President, Eaton Vance Trust Company
23 years of investment experience
16 years at Eaton Vance
BBA University of Notre Dame
MBA, Harvard Business School
Derek J.V. DiGregorio
Vice President, Eaton Vance Trust Company
15 years of investment experience
15 years at Eaton Vance
BS, Bates College
MBA, Boston University Questrom School of Business

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 Returns (%) as of Dec 31, 2021

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yr. 5 Yr. Since Fund Inception
U.S. Legacy Income Trust III.2 Total Return
   Income Return
   Principal Return
Common Trust 4.32 6.99 20.87 20.87
MSCI World Index1 4.27 7.77 21.82 21.82 21.68 15.02
40% MSCI USA / 60% MSCI World ex USA2 4.61 5.86 18.06 18.06 18.74 13.01
The U.S. Legacy III.2 (Trust) was incepted on January 3, 2022 and, therefore, has no operating history. The Trust invests through a common trust (Common Trust) which was incepted on 04/30/2019. 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 or year is cumulative. Income Return represents the portion of Total Return attributable to distributions. Principal Return represents the portion of Total Return attributable to change in NAV. Total Return and Income Return are stated net of foreign taxes 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 Fund leverages two distinct approaches: dividend-capture trading (focused primarily on non-U.S. equities) and a core equity approach (focused on U.S. equities). The long-term target allocation for the Fund is 60% non-U.S. equities and 40% U.S. equities. Allocations will vary over time depending on factors such as portfolio income needs, dividend seasonality, risk management, and other factors. The Fund typically holds 140-200 holdings with a maximum position size of 3%. In addition to other risk management practices, the Fund manages weightings and tracking error on an industry and country basis.
 

NAV History

Date NAV NAV Change
Jan 14, 2022 $9.91 -$0.02
Jan 13, 2022 $9.93 -$0.09
Jan 12, 2022 $10.01 $0.07
Jan 11, 2022 $9.94 $0.11
Jan 10, 2022 $9.83 -$0.04
Jan 07, 2022 $9.87 -$0.00
Jan 06, 2022 $9.87 -$0.03
 

Distribution History

Ex-Date Distribution

Literature

Literature

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

Download U.S. Legacy Income Trust III.2 Fact Sheet - Last updated: Dec 31, 2021

U.S. Legacy Income Trusts Brochure

Download U.S. Legacy Income Trusts Brochure - Last updated: Dec 31, 2021

U.S. Legacy Income Trusts Forms Booklet Advised Donor

Download U.S. Legacy Income Trusts Forms Booklet Advised Donor - Last updated: Dec 31, 2021

U.S. Legacy Income Trusts Information Statement

Download U.S. Legacy Income Trusts Information Statement - Last updated: Dec 31, 2021