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 Sep 20, 2019
Annualized Distribution per Unit1 $0.653
Annualized Distribution Rate at Current NAV2 6.95%
Annualized Distribution Rate at Initial NAV3 6.53%
Distribution Frequency Monthly
See important disclosures below.
 

Trust Facts

Inception Date 04/30/2019
Minimum Initial Contribution $250,000
CUSIP 90344D313

Fees and Expenses (%)

Advisory Fee 0.55%
Trustee Fee 0.10%
Administrative Fee 0.10%
Servicing Agent Fee 0.00%
Estimated Other Expenses 0.06%
    Estimated Total Expenses 0.81%
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

Historical Returns (%) as of Jun 30, 2019

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Since Trust Inception
08/31/2019
Total Return -2.37 0.01 -7.82
   Return to Income Beneficiaries 0.60 1.77 2.38
   Return to Charitable Beneficiaries -2.95 -1.73 -9.96
MSCI World Index4 -2.05 4.93 15.15 0.26 9.63 6.14 -1.13
06/30/2019
Total Return 4.75 -3.45
   Return to Income Beneficiaries 0.57 1.16
   Return to Charitable Beneficiaries 4.16 -4.56
MSCI World Index4 6.59 4.00 16.98 6.33 11.77 6.60 0.44
Past performance is no guarantee of future results. Performance is for the stated time period only; due to market volatility, the Trust's current performance may be lower or higher than quoted. Total Return is calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Return to Income Beneficiaries represents the portion of the Total Return attributable to distributions. Return to Charitable Beneficiaries represents the portion of the Total Return attributable to change in NAV. Performance less than or equal to one year is cumulative.
 

NAV History

Date NAV NAV Change
Sep 20, 2019 $9.40 -$0.03
Sep 19, 2019 $9.43 $0.02
Sep 18, 2019 $9.41 -$0.04
Sep 17, 2019 $9.45 $0.01
Sep 16, 2019 $9.44 -$0.05
Sep 13, 2019 $9.49 $0.08
Sep 12, 2019 $9.41 -$0.01
Sep 11, 2019 $9.42 $0.10
Sep 10, 2019 $9.32 $0.08
Sep 09, 2019 $9.24 $0.04
 

Distribution History

Ex-Date Distribution
Aug 30, 2019 $0.05442
Jul 31, 2019 $0.05442
Jun 28, 2019 $0.05442
May 31, 2019 $0.05442

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