Exchange Traded Fund or the Like Related to Basket of Fixed Income Securities Having Similar Maturities

An exchange traded fund (ETF) is composed of a basket of fixed income securities. The fixed income securities have maturity dates within a relatively narrow range from a predefined range of each other (e.g., within approximately from five years from the launch of the ETF). The ETF pays interest to i...

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Bibliographic Details
Main Author HUBER JOHN M
Format Patent
LanguageEnglish
Published 17.05.2007
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:An exchange traded fund (ETF) is composed of a basket of fixed income securities. The fixed income securities have maturity dates within a relatively narrow range from a predefined range of each other (e.g., within approximately from five years from the launch of the ETF). The ETF pays interest to its owners. After the maturity dates, the ETF pays the principal to its owners and ceases operation. The ETF therefore has performance characteristics similar to an individual bond while having the diversification benefits of a traditional ETF or other fund.
Bibliography:Application Number: US20060538395