Overview

Distributions to Income Beneficiaries

as of Apr 12, 2024
Annualized Distribution per Unit1 $0.625
Annualized Distribution Rate at Current NAV2 6.85%
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 0.07%
    Estimated Total Expenses 0.82%
Fees and Expenses stated above are annual percentages of average daily net assets.
 

Investment Team

Derek J.V. DiGregorio
Vice President, Eaton Vance Trust Company
18 years of investment experience
18 years at Eaton Vance
BS, Bates College
MBA, Boston University Questrom School of Business
Charles Gaffney
Vice President, Eaton Vance Trust Company
28 years of investment experience
21 years at Eaton Vance
BS, Bowdoin College
MBA, Graduate School of Business, Fordham University
Douglas Rogers, CFA, CMT
Vice President, Eaton Vance Trust Company
25 years of investment experience
23 years at Eaton Vance
BS, United States Naval Academy
MBA, Harvard University

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, 2024

Annualized
1 Mo. 3 Mo. YTD 1 Yr. Since Trust Inception4 3 Yr. 5 Yr. Since Common Trust Inception5
U.S. Legacy Income Trust V.2 2.73 8.62 8.62 25.76 4.85
   Income Component of Return 0.55 1.72 1.72 7.61 7.84
   Principal Component of Return 2.17 6.78 6.78 16.87 -2.77
Legacy Income Common Trust Fund 2.79 8.80 8.80 26.71 8.83 9.39
MSCI World Index6 3.21 8.88 8.88 25.11 4.34 8.60 12.06 11.48
40% MSCI USA / 60% MSCI World ex USA7 3.28 7.47 7.47 20.92 3.88 7.14 10.29 9.75
U.S. Legacy Income Trust V.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 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.

The Common Trust's investment program combines dividend-capture trading (focused primarily on non-U.S. equities) and a core equity approach (focused primarily 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 active weight vs. benchmark 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 (%)

20228 2023
U.S. Legacy Income Trust V.2 -17.26 23.74
   Income Component of Return 7.82 7.98
   Principal Component of Return -23.26 14.60
Legacy Income Common Trust Fund -16.25 24.70
MSCI World Index 6 -18.39 23.79
40% MSCI USA / 60% MSCI World ex USA7 -16.49 21.36
 

NAV History

Date NAV NAV Change
Apr 12, 2024 $9.13 -$0.14
Apr 11, 2024 $9.27 $0.02
Apr 10, 2024 $9.25 -$0.09
Apr 09, 2024 $9.34 -$0.01
Apr 08, 2024 $9.35 $0.02
Apr 05, 2024 $9.32 $0.07
Apr 04, 2024 $9.25 -$0.09
Apr 03, 2024 $9.34 $0.04
Apr 02, 2024 $9.30 -$0.05
Apr 01, 2024 $9.35 -$0.04
Mar 31, 2024 $9.39 $0.00
Mar 28, 2024 $9.39 -$0.03
Mar 27, 2024 $9.43 $0.04
Mar 26, 2024 $9.38 -$0.01
Mar 25, 2024 $9.39 -$0.01
Mar 22, 2024 $9.40 -$0.02
Mar 21, 2024 $9.42 $0.01
Mar 20, 2024 $9.41 $0.08
Mar 19, 2024 $9.33 $0.05
Mar 18, 2024 $9.28 -$0.00
Mar 15, 2024 $9.28 -$0.04
Mar 14, 2024 $9.33 -$0.04
Mar 13, 2024 $9.37 -$0.01
Mar 12, 2024 $9.38 $0.11
Mar 11, 2024 $9.27 -$0.03
 

Distribution History

Ex-Date Distribution
Mar 28, 2024 $0.05208
Feb 29, 2024 $0.05208
Jan 31, 2024 $0.05208
Dec 29, 2023 $0.05208
Nov 30, 2023 $0.05208
Oct 31, 2023 $0.05208
Sep 29, 2023 $0.05208
Aug 31, 2023 $0.05208
Jul 31, 2023 $0.05208
Jun 30, 2023 $0.05208
View All
 

Foreign Tax Credit History9

Tax Year Per Share % of NAV
2022 $0.085 1.11%

Literature

Literature

U.S. Legacy Income Trusts Investment Overview Fact Sheet

Download U.S. Legacy Income Trusts Investment Overview Fact Sheet - Last updated: Dec 31, 2023

U.S. Legacy Income Trust V.2 Fact Sheet

Download U.S. Legacy Income Trust V.2 Fact Sheet - Last updated: Dec 31, 2023

U.S. Legacy Income Trusts Brochure Self-Directed Donor

Download U.S. Legacy Income Trusts Brochure Self-Directed Donor - Last updated: Apr 1, 2024

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, 2023

U.S. Legacy Income Trusts Information Statement

Download U.S. Legacy Income Trusts Information Statement - Last updated: Mar 3, 2024

U.S. Legacy Income Trusts Application Self-Directed Donor.pdf

Download U.S. Legacy Income Trusts Application Self-Directed Donor.pdf - Last updated: Jan 1, 2024