Overview

Distributions to Income Beneficiaries

as of Aug 18, 2022
Annualized Distribution per Unit1 $0.672
Annualized Distribution Rate at Current NAV2 7.10%
Annualized Distribution Rate at Initial NAV3 6.72%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 04/30/2019
Minimum Initial Contribution Closed for Contribution
CUSIP 90344D321

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
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 Total Returns (%) as of Jun 30, 2022

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Since Trust Inception4
07/31/2022
U.S. Legacy Income Trust IV 6.36 -1.05 -13.56 -9.18 6.85 4.44
   Income Component of Return 0.60 1.82 4.08 6.58 6.79 6.80
   Principal Component of Return 5.72 -2.82 -16.95 -14.79 0.06 -2.21
Legacy Income Common Trust Fund 6.44 -0.80 -13.01 -8.21 7.95 5.51
MSCI World Index5 7.94 -1.34 -14.19 -9.16 9.57 8.81 9.11
40% MSCI USA / 60% MSCI World ex USA6 6.70 -2.49 -14.38 -10.79 7.31 6.68 6.89
06/30/2022
U.S. Legacy Income Trust IV -9.12 -13.13 -18.72 -13.79 3.91 2.55
   Income Component of Return 0.64 1.81 3.46 6.45 6.78 6.78
   Principal Component of Return -9.69 -14.68 -21.44 -19.01 -2.68 -3.97
Legacy Income Common Trust Fund -9.03 -12.90 -18.28 -12.86 4.97 3.60
MSCI World Index5 -8.66 -16.19 -20.51 -14.34 6.99 7.66 6.76
40% MSCI USA / 60% MSCI World ex USA6 -8.97 -15.54 -19.76 -15.28 4.98 5.84 4.91
U.S. Legacy Income Trust IV (Trust) is no longer offered and does not accept new contributions. The Trust pursues its investment program by investing through Legacy Income Common Trust Fund (Common Trust), a common trust fund that commenced operations 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. Please see the below schedule of available federal income tax credits for foreign taxes paid.

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.
 

Calendar Year Total Returns (%)

20194 2020 2021
U.S. Legacy Income Trust IV 2.21 8.82 19.79
   Income Component of Return 4.53 7.40 6.01
   Principal Component of Return -2.21 1.32 13.01
Legacy Income Common Trust Fund 2.95 9.99 20.87
MSCI World Index 5 9.62 15.90 21.82
40% MSCI USA / 60% MSCI World ex USA6 8.99 12.76 18.06
 

NAV History

Date NAV NAV Change
Aug 18, 2022 $9.46 -$0.01
Aug 17, 2022 $9.47 -$0.07
Aug 16, 2022 $9.54 $0.04
Aug 15, 2022 $9.50 -$0.03
Aug 12, 2022 $9.53 $0.10
Aug 11, 2022 $9.43 -$0.00
Aug 10, 2022 $9.43 $0.20
Aug 09, 2022 $9.23 -$0.02
Aug 08, 2022 $9.25 $0.01
Aug 05, 2022 $9.24 -$0.02
Aug 04, 2022 $9.26 -$0.00
Aug 03, 2022 $9.26 $0.11
Aug 02, 2022 $9.15 -$0.10
Aug 01, 2022 $9.25 -$0.05
Jul 31, 2022 $9.30 $0.00
Jul 29, 2022 $9.30 $0.15
Jul 28, 2022 $9.15 $0.08
Jul 27, 2022 $9.08 $0.23
Jul 26, 2022 $8.84 -$0.14
Jul 25, 2022 $8.98 $0.06
Jul 22, 2022 $8.92 -$0.05
Jul 21, 2022 $8.97 $0.09
Jul 20, 2022 $8.88 -$0.01
Jul 19, 2022 $8.89 $0.24
Jul 18, 2022 $8.65 -$0.01
 

Distribution History

Ex-Date Distribution
Jul 29, 2022 $0.05600
Jun 30, 2022 $0.05600
May 31, 2022 $0.05600
Apr 29, 2022 $0.05600
Mar 31, 2022 $0.05600
Feb 28, 2022 $0.05600
Jan 31, 2022 $0.05600
Dec 31, 2021 $0.05208
Nov 30, 2021 $0.05208
Oct 29, 2021 $0.05208
View All
 

Foreign Tax Credit History7

Tax Year Per Share % of NAV
20194 $0.052 0.52%
2020 $0.087 0.89%
2021 $0.150 1.74%

Literature

Literature

U.S. Legacy Income Trusts Investment Overview

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