The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
May. 15, 2012
Filed:
Sep. 12, 2008
John Ameriks, Malvern, PA (US);
John Buhl, Wayne, PA (US);
Edward Delk, Paoli, PA (US);
Kathryn Hyatt, Wayne, PA (US);
Ranga Narayanan, Exton, PA (US);
Shawn Travis, Wayne, PA (US);
Daniel Wallick, Haverford, PA (US);
John Ameriks, Malvern, PA (US);
John Buhl, Wayne, PA (US);
Edward Delk, Paoli, PA (US);
Kathryn Hyatt, Wayne, PA (US);
Ranga Narayanan, Exton, PA (US);
Shawn Travis, Wayne, PA (US);
Daniel Wallick, Haverford, PA (US);
The Vanguard Group, Inc., Valley Forge, PA (US);
Abstract
A method of administering an investment fund. 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. Each payment is calculated according to a formula that specifies that the value of each payment is based on a trailing Net Asset Value (NAV) of the investor's share.