Patent ID: 8438100

Claim:
A method for administering a fund for use in a bond laddering strategy, the method comprising: holding a plurality of fixed-income securities by a manager of the fund; electronically receiving at an order management system a plurality of buy orders from a plurality of investors for purchasing shares of the fund, wherein the orders are received during different times before a liquidation date of the fund; determining, by a fund management information system, a yield for each investor based on the shares of the fund purchased by the investor and the fixed-income securities held by the fund at the time that the shares were purchased; electronically receiving at the order management system a plurality of sell orders from a plurality of investors for selling shares of the fund, the orders received during different times before the liquidation date of the fund; determining, by the fund management information system, a plurality of distribution payments and a final liquidation payment for each investor so that the distribution payments and the final liquidation payment provide the yield determined for the investor when the investor purchased shares of the fund; paying the investors the determined distribution payments at intervals before the liquidation date of the fund; and paying the investors the final liquidation payment upon the liquidation date of the fund.