Invention Grant
- Patent Title: System and method for operating an exchange traded fund that makes distributions from sources including capital in the fund to provide a stable or minimum distribution
- Patent Title (中): 经营交易所买卖基金的制度和方法，从资金来源，包括基金中分配，提供稳定或最小的分配
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Application No.: US12798934Application Date: 2010-04-13
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Publication No.: US08463675B1Publication Date: 2013-06-11
- Inventor: Charles R Schwab , Walter W Bettinger, II , Randall W Merk
- Applicant: Charles R Schwab , Walter W Bettinger, II , Randall W Merk
- Applicant Address: US CA San Francisco
- Assignee: Charles Schwab & Co., Inc.
- Current Assignee: Charles Schwab & Co., Inc.
- Current Assignee Address: US CA San Francisco
- Agency: Innovation Partners
- Agent Charles E. Gotlieb
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A system and method manages an ETF having shares traded on an exchange, having been provided by the ETF via an authorized participant. The ETF provides a distribution to such shareholders according to a set of distribution rules, which are published in advance. The distribution is paid using income derived from the capital assets of the ETF. If such income is insufficient to pay the distribution according to the rules, the capital assets of the ETF are used to pay the distribution to the shareholders to the extent that income is insufficient to pay the distribution according to the distribution rules.
Information query
