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 Jun 17, 2019

Annualized Distribution per Unit1 $0.625
Annualized Distribution Rate at Current NAV2 6.65%
Annualized Distribution Rate at Initial NAV3 6.25%
Distribution Frequency Monthly
See important disclosures below.  
 

Trust Facts

Inception Date 04/30/2019
Minimum Initial Contribution $20,000
CUSIP 90344D321

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.38%
Servicing Agent Fee 0.00%
Estimated Other Expenses 0.06%
    Estimated Total Expenses 1.09%
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

NAV History

Date NAV NAV Change
Jun 17, 2019 $9.40 -$0.03
Jun 14, 2019 $9.43 -$0.08
Jun 13, 2019 $9.51 $0.03
Jun 12, 2019 $9.48 -$0.07
Jun 11, 2019 $9.55 $0.04
Jun 10, 2019 $9.51 $0.02
Jun 07, 2019 $9.49 $0.10
Jun 06, 2019 $9.39 $0.02
Jun 05, 2019 $9.37 $0.01
Jun 04, 2019 $9.36 $0.18
View All
 

Distribution History

Ex-Date Distribution
May 31, 2019 $0.05208

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: May 3, 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