Overview

Investment Overview

• Investment objective of total return, seeking:

  – To realize long-term returns that equal or exceed global equity market returns

  – To provide income beneficiaries with tax-advantaged monthly distributions growing over time with inflation

  – To increase amounts available for charitable purposes upon termination of income interests

• Proprietary actively managed equity income strategy

  – Normally invests in both U.S. and non-U.S. dividend-paying stocks

  – Engages in dividend-capture trading, seeking to enhance total return and qualified dividend income
 

Distributions to Income Beneficiaries

as of Nov 11, 2019
Annualized Distribution per Unit1 $0.628
Annualized Distribution Rate at Current NAV2 6.57%
Annualized Distribution Rate at Initial NAV3 6.28%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 04/30/2019
Minimum Initial Contribution $1,000,000
CUSIP 90344D339

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.10%
Servicing Agent Fee 0.25%
Estimated Other Expenses 0.06%
    Estimated Total Expenses 1.06%
Fees and Expenses stated above are annual percentages of average daily net assets.
 

Investment Team

Michael Allison, CFA
Vice President, Eaton Vance Trust Company
31 years of industry experience
19 years at Eaton Vance
BSBA, University of Denver
Derek J.V. DiGregorio
Vice President, Eaton Vance Trust Company
13 years of industry experience
13 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 Sep 30, 2019

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Since Trust Inception
Total Return 3.62 -1.10 -4.54
   Return to Income Beneficiaries 0.56 1.72 2.87
   Return to Charitable Beneficiaries 3.04 -2.77 -7.20
MSCI World Index4 2.13 0.53 17.61 1.83 10.21 7.18 0.98
40% MSCI USA/ 60% MSCI World ex USA5 2.38 0.01 0.63
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
Nov 11, 2019 $9.56 $0.01
Nov 08, 2019 $9.55 -$0.02
Nov 07, 2019 $9.57 $0.05
Nov 06, 2019 $9.52 -$0.01
Nov 05, 2019 $9.53 -$0.02
Nov 04, 2019 $9.55 -$0.00
Nov 01, 2019 $9.55 $0.07
Oct 31, 2019 $9.48 -$0.03
Oct 30, 2019 $9.51 -$0.00
Oct 29, 2019 $9.51 -$0.02
 

Distribution History

Ex-Date Distribution
Sep 30, 2019 $0.05233
Aug 30, 2019 $0.05233
Jul 31, 2019 $0.05233
Jun 28, 2019 $0.05233
May 31, 2019 $0.05233

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 Trusts Brochure

Download - Last updated: Apr 30, 2019

U.S. Legacy Income Trusts Forms Booklet

Download - Last updated: Apr 30, 2019

U.S. Legacy Income Trusts Information Statement

Download - Last updated: Apr 30, 2019