Overview

Distributions to Income Beneficiaries

as of Feb 27, 2024
Annualized Distribution per Unit1 $0.698
Annualized Distribution Rate at Current NAV2 6.85%
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 Closed for Contribution
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 0.07%
    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 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 Dec 31, 2023

Annualized
1 Mo. 3 Mo. YTD 1 Yr. 3 Yrs. 5 Yrs. Since Trust Inception4
01/31/2024
U.S. Legacy Income Trust V 4.29 10.59 23.76 23.76 7.25 7.11
   Income Component of Return 0.60 1.90 9.35 9.35 7.84 7.71
   Principal Component of Return 3.67 8.53 13.18 13.18 -0.55 -0.56
Legacy Income Common Trust Fund 4.35 10.80 24.70 24.70 8.08 7.95
MSCI World Index5 4.91 11.42 23.79 23.79 7.27 12.80 10.11
40% MSCI USA / 60% MSCI World ex USA6 5.15 11.03 21.36 21.36 6.17 11.16 8.61
12/31/2023
U.S. Legacy Income Trust V 4.29 10.59 23.76 23.76 7.25 7.11
   Income Component of Return 0.60 1.90 9.35 9.35 7.84 7.71
   Principal Component of Return 3.67 8.53 13.18 13.18 -0.55 -0.56
Legacy Income Common Trust Fund 4.35 10.80 24.70 24.70 8.08 7.95
MSCI World Index5 4.91 11.42 23.79 23.79 7.27 12.80 10.11
40% MSCI USA / 60% MSCI World ex USA6 5.15 11.03 21.36 21.36 6.17 11.16 8.61
U.S. Legacy Income Trust V (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 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 (%)

20194 2020 2021 2022 2023
U.S. Legacy Income Trust V 2.39 9.13 19.95 -16.93 23.76
   Income Component of Return 4.74 7.75 6.30 7.85 9.35
   Principal Component of Return -2.21 1.28 12.84 -22.98 13.18
Legacy Income Common Trust Fund 2.95 9.99 20.87 -16.25 24.70
MSCI World Index 5 9.62 15.90 21.82 -18.14 23.79
40% MSCI USA / 60% MSCI World ex USA6 8.99 12.76 18.06 -16.46 21.36
 

NAV History

Date NAV NAV Change
Feb 27, 2024 $10.19 $0.02
Feb 26, 2024 $10.18 -$0.01
Feb 23, 2024 $10.19 $0.01
Feb 22, 2024 $10.18 $0.16
Feb 21, 2024 $10.02 -$0.03
Feb 20, 2024 $10.05 $0.02
Feb 16, 2024 $10.03 -$0.00
Feb 15, 2024 $10.03 $0.06
Feb 14, 2024 $9.97 $0.11
Feb 13, 2024 $9.86 -$0.13
Feb 12, 2024 $9.99 -$0.00
Feb 09, 2024 $9.99 $0.05
Feb 08, 2024 $9.95 -$0.01
Feb 07, 2024 $9.96 $0.05
Feb 06, 2024 $9.91 $0.05
Feb 05, 2024 $9.86 -$0.07
Feb 02, 2024 $9.93 $0.02
Feb 01, 2024 $9.91 $0.11
Jan 31, 2024 $9.80 -$0.13
Jan 30, 2024 $9.93 -$0.00
Jan 29, 2024 $9.93 $0.05
Jan 26, 2024 $9.88 $0.02
Jan 25, 2024 $9.86 $0.07
Jan 24, 2024 $9.80 $0.04
Jan 23, 2024 $9.76 -$0.00
 

Distribution History

Ex-Date Distribution
Jan 31, 2024 $0.05818
Dec 29, 2023 $0.05818
Nov 30, 2023 $0.05818
Oct 31, 2023 $0.05818
Sep 29, 2023 $0.05818
Aug 31, 2023 $0.05818
Jul 31, 2023 $0.05818
Jun 30, 2023 $0.05818
May 31, 2023 $0.05818
Apr 28, 2023 $0.05818
View All
 

Foreign Tax Credit History7

Tax Year Per Share % of NAV
20194 $0.052 0.52%
2020 $0.087 0.89%
2021 $0.105 1.06%
2022 $0.096 1.12%

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

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, 2022