Method of administering an investment fund
First Claim
1. A computer system for administering an investment fund,the fund having a plurality of shares;
- a managed distribution schedule comprisinga plurality of consecutive annual periods,a number of payments to be provided during each of the consecutive annual periods, anda formula for calculating a value for each of the payments; and
an investment strategy for investing in assets to provide funds sufficient to meet the managed distribution schedule;
the computer system comprising;
a computer; and
programmed instructions for performing method steps comprising;
calculating annually the value of each of the payments to be provided in a period according to the managed distribution schedule, the value comprising 1/nth of a predetermined percentage of a designated value corresponding to one of the plurality of shares, wherein n equals a number of payments and the designated value for at least one of the consecutive annual periods comprises a trailing Net Asset Value (NAV);
modeling a plurality of asset allocation strategies;
plotting an efficient frontier of the modeled asset allocation strategies by probability of year-to-year decline and probability of maintaining real or nominal distributions;
receiving instructions selecting an asset allocation strategy from the efficient frontier as the investment strategy;
recording issuance of at least one share to an investor in exchange for funds received from the investor;
investing the received funds according to the investment strategy, thereby creating an investment portfolio; and
providing each of the payments to each investor during the period.
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Abstract
A method of administering an investment fund using a computer. The method includes the steps of creating shares for sale, providing a managed distribution schedule identifying a number of payments to be provided during each of consecutive periods, providing an investment strategy for investing in assets to provide funds sufficient to meet the managed distribution schedule, issuing a share to an investor in exchange for funds received from the investor, investing the received funds according to the investment strategy, calculating the value of each of the payments to be provided according to the managed distribution schedule in a period to the investor, and providing each of the payments to the investor during the period. Multiple embodiments relate to methods for calculation and sourcing of each payment.
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Citations
14 Claims
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1. A computer system for administering an investment fund,
the fund having a plurality of shares; -
a managed distribution schedule comprising a plurality of consecutive annual periods, a number of payments to be provided during each of the consecutive annual periods, and a formula for calculating a value for each of the payments; and an investment strategy for investing in assets to provide funds sufficient to meet the managed distribution schedule; the computer system comprising; a computer; and programmed instructions for performing method steps comprising; calculating annually the value of each of the payments to be provided in a period according to the managed distribution schedule, the value comprising 1/nth of a predetermined percentage of a designated value corresponding to one of the plurality of shares, wherein n equals a number of payments and the designated value for at least one of the consecutive annual periods comprises a trailing Net Asset Value (NAV); modeling a plurality of asset allocation strategies; plotting an efficient frontier of the modeled asset allocation strategies by probability of year-to-year decline and probability of maintaining real or nominal distributions; receiving instructions selecting an asset allocation strategy from the efficient frontier as the investment strategy; recording issuance of at least one share to an investor in exchange for funds received from the investor; investing the received funds according to the investment strategy, thereby creating an investment portfolio; and providing each of the payments to each investor during the period. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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Specification