Overview

Distributions to Income Beneficiaries

as of Jul 01, 2022
Annualized Distribution per Unit1 $0.625
Annualized Distribution Rate at Current NAV2 7.95%
Annualized Distribution Rate at Initial NAV3 6.25%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 01/03/2022
Minimum Initial Contribution $250,000
CUSIP 90344D255

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.10%
Servicing Agent Fee 0.00%
Estimated Other Expenses 0.05%
    Estimated Total Expenses 0.80%
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 V.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 V.2 2.39 -3.12 -10.85
   Income Component of Return 0.60 1.79 2.88
   Principal Component of Return 1.78 -4.82 -13.34
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 Annualized
03/31/2022
U.S. Legacy Income Trust V.2 1.34 -6.74
   Income Component of Return 0.57 1.64
   Principal Component of Return 0.77 -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
The U.S. Legacy Income Trust V.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 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 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
Jul 01, 2022 $7.86 $0.03
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 -$0.03
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 $0.05208
Apr 29, 2022 $0.05208
Mar 31, 2022 $0.05208
Feb 28, 2022 $0.05208
Jan 31, 2022 $0.04704

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 V.2 Fact Sheet

Download U.S. Legacy Income Trust V.2 Fact Sheet - Last updated: Mar 31, 2022

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 Information Statement

Download U.S. Legacy Income Trusts Information Statement - 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