Overview

Distributions to Income Beneficiaries

as of Jul 01, 2022
Annualized Distribution per Unit1 $0.600
Annualized Distribution Rate at Current NAV2 7.63%
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 $20,000
CUSIP 90344D263

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.35%
Servicing Agent Fee 0.00%
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

Disclosures 

While U.S. Legacy Income Trust IV.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, 2022

Annualized
1 Mo. 3 Mo. YTD 1 Yr. Since Income
Trust Inception
3 Yr. 5 Yr.
05/31/2022
U.S. Legacy Income Trust IV.2 2.36 -3.16 -10.94
   Income Component of Return 0.58 1.72 2.76
   Principal Component of Return 1.77 -4.80 -13.33
Legacy Income Common Trust Fund 2.46 -2.88 -10.16 -4.53 6.92 10.05
MSCI World Index4 0.08 -5.72 -12.97 -4.82 -13.23 12.64 9.72
40% MSCI USA / 60% MSCI World ex USA5 0.39 -5.28 -11.85 -6.48 -11.89 10.56 7.91
03/31/2022
U.S. Legacy Income Trust IV.2 1.34 -6.80
   Income Component of Return 0.54 1.58
   Principal Component of Return 0.79 -8.25
Legacy Income Common Trust Fund 1.44 -6.17 -6.17 6.45 8.95
MSCI World Index4 2.74 -5.15 -5.15 10.12 -5.44 14.96 12.42
40% MSCI USA / 60% MSCI World ex USA5 2.09 -5.00 -5.00 7.25 -5.04 12.48 10.46
U.S. Legacy Income Trust IV.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 or 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 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 position size 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
Jul 01, 2022 $7.86 $0.04
Jun 30, 2022 $7.83 -$0.07
Jun 29, 2022 $7.90 -$0.04
Jun 28, 2022 $7.94 -$0.08
Jun 27, 2022 $8.02 -$0.03
Jun 24, 2022 $8.04 $0.22
Jun 23, 2022 $7.83 $0.02
Jun 22, 2022 $7.81 -$0.06
Jun 21, 2022 $7.87 $0.13
Jun 17, 2022 $7.74 -$0.04
Jun 16, 2022 $7.78 -$0.19
Jun 15, 2022 $7.97 $0.15
Jun 14, 2022 $7.82 -$0.05
Jun 13, 2022 $7.87 -$0.29
Jun 10, 2022 $8.16 -$0.25
Jun 09, 2022 $8.41 -$0.19
Jun 08, 2022 $8.60 -$0.11
Jun 07, 2022 $8.72 $0.05
Jun 06, 2022 $8.66 $0.03
Jun 03, 2022 $8.63 -$0.11
Jun 02, 2022 $8.74 $0.14
Jun 01, 2022 $8.60 -$0.06
May 31, 2022 $8.67 -$0.04
May 27, 2022 $8.71 $0.15
 

Distribution History

Ex-Date Distribution
May 31, 2022 $0.05000
Apr 29, 2022 $0.05000
Mar 31, 2022 $0.05000
Feb 28, 2022 $0.04999
Jan 31, 2022 $0.04514

Literature

Literature

U.S. Legacy Income Trusts Investment Overview

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

U.S. Legacy Income Trust IV.2 Fact Sheet.pdf

Download U.S. Legacy Income Trust IV.2 Fact Sheet.pdf - Last updated: Mar 31, 2021

U.S. Legacy Income Trusts Brochure

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

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 Forms Booklet Self-Directed Donor

Download U.S. Legacy Income Trusts Forms Booklet Self-Directed 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