公开(公告)号：US20100191628A1

公开(公告)日：2010-07-29

申请号：US12752159

申请日：2010-04-01

申请人： Robert D. Arnott ,  Paul C. Wood

发明人： Robert D. Arnott ,  Paul C. Wood

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/12

摘要： A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various metrics. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio, and equal weighting weighted indexes. Valuation indifferent indexes avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted.

摘要翻译： 系统，方法和计算机程序产品基于基于会计的数据创建索引，以及基于根据基于会计数据加权投资组合的指数的财务对象组合。 被动投资系统可以基于从各种指标创建的指数。 指数可以用除市值加权，价格权重或相等权重之外的指标构建。 非财务指标也可用于构建指标来创建被动投资系统。 此外，金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦该指数建成，它可能被用作为投资组合购买证券的基础。 具体排除的是广泛使用的资本化加权指数和价格加权指数，其中证券的价格以实质的方式贡献于计算指数或投资组合中该证券的权重，以及相等的加权权重指数。 估值无关的指标避免过度暴露于高估的证券和低估的低估证券，与传统的资本化加权和价格加权相比。

公开(公告)号：US07620577B2

公开(公告)日：2009-11-17

申请号：US11196509

申请日：2005-08-04

申请人： Robert D. Arnott ,  Paul Christopher Wood

发明人： Robert D. Arnott ,  Paul Christopher Wood

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/00 ,  G06Q40/04

摘要： A passive investment system based on indices created from various metrics is disclosed. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. These metrics may include, but are not limited to book value, sales, revenue, earnings, earnings per share, income, income growth rate, dividends, dividends per share, earnings before interest, tax, depreciation and amortization, etc. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. As the data underlying the indexes changes because of, e.g., economic activity, the index may be updated and may be used as a basis to rebalance the portfolio. Alternatively, the index can be rebalanced when a pre-determined threshold is reached. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio. Valuation indifferent indexes of the present invention avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted. Also specifically excluded are equal weighting weighted indexes.

摘要翻译： 披露了基于各种指标创建的指标的被动投资系统。 指数可以用除市值加权，价格权重或相等权重之外的指标构建。 这些指标可能包括但不限于账面价值，销售，收入，收益，每股收益，收入增长率，股息，每股股息，利息前利润，折旧和摊销前的收益等。非财务 也可以使用指标来建立指标来创建被动投资系统。 此外，金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦该指数建成，它可能被用作为投资组合购买证券的基础。 由于诸如经济活动之类的索引所涉及的数据发生变化，因此索引可能会被更新，并可用作重新平衡投资组合的基础。 或者，当达到预定阈值时，索引可以重新平衡。 特别排除的是广泛使用的资本化加权指数和价格加权指数，其中证券的价格以实质性方式对计算指数或投资组合中的担保权重进行计算。 与传统的资本化加权和价格加权相比，本发明的估值无关指数避免过度暴露于高估的证券和低估的低估证券。 也被排除的是相等的加权权重指数。

公开(公告)号：US5918734A

公开(公告)日：1999-07-06

申请号：US910496

申请日：1997-08-04

申请人： C. Scott Devens ,  Robert D. Arnott

发明人： C. Scott Devens ,  Robert D. Arnott

IPC分类号： B60J3/02 ,  A24F15/10 ,  A24F15/18 ,  B65D85/10 ,  A45F15/00

CPC分类号： B65D85/109 ,  A24F15/18

摘要： A package for retail distribution of cigarettes has a container sized to receive and dispense cigarettes. The container includes a cigarette lighter receptacle disposed on an outer surface of a wall of the container. The cigarette lighter receptacle includes at least an outer wall that is connected to the container by a pair of spaced side walls wherein the pair of side walls are (i) inwardly foldable so as to position the outer wall substantially flush with the one container wall when the receptacle is not being used, and (ii) outwardly deployable so as to form the cigarette lighter receptacle. Reverse foldable portions remain folded inwardly somewhat, defining a bottom stop for the lighter.

摘要翻译： 香烟零售分销包装容器的大小可以接收和分配香烟。 容器包括设置在容器的壁的外表面上的点烟器容器。 点烟器容器包括至少一个外壁，其通过一对隔开的侧壁连接到容器，其中一对侧壁是（i）可向内折叠的，以便将外壁基本上与一个容器壁基本齐平，当 容器不被使用，并且（ii）向外展开以形成点烟器容器。 反向折叠部分保持向内折叠一些，为打火机定义底部止动件。

公开(公告)号：US20130117199A1

公开(公告)日：2013-05-09

申请号：US13593415

申请日：2012-08-23

申请人： Robert D. Arnott ,  Feifei Li ,  Paul C. Wood

发明人： Robert D. Arnott ,  Feifei Li ,  Paul C. Wood

IPC分类号： G06Q40/06

CPC分类号： G06Q40/06 ,  G06Q40/04

摘要： A system, method and computer program product creates an index based on accounting data, or a portfolio of financial objects based on the index where the portfolio is weighted according to accounting data. Indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Financial and non-financial metrics may be used to build indexes to create passive investment systems. A combination of financial non-market capitalization metrics may be used with non-financial metrics to create passive investment systems. Once built, the index may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted and price-weighted indexes, in which price of a security contributes in a substantial way to calculation of weight of that security in the index or the portfolio, and equal weighting weighted indexes. The indexes may be constructed to minimize volatility.

摘要翻译： 系统，方法和计算机程序产品将根据会计数据或财务对象组合，根据会计数据对投资组合加权的指数进行创建。 指数可以用除市值加权，价格加权或相等权重之外的指标构建。 可以使用财务和非财务指标来构建指标来创建被动投资系统。 金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦建成，该指数可用作为投资组合购买证券的基础。 具体排除的是广泛使用的资本化加权和价格加权指数，其中安全性的价格有力地计算指数或投资组合中该证券的权重，以及相等的加权权重指数。 可以构建索引以最小化挥发性。

公开(公告)号：US08374939B2

公开(公告)日：2013-02-12

申请号：US12752159

申请日：2010-04-01

申请人： Robert D. Arnott ,  Paul Christopher Wood

发明人： Robert D. Arnott ,  Paul Christopher Wood

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/00 ,  G06Q40/04 ,  G06Q40/12

摘要： A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various metrics. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio, and equal weighting weighted indexes. Valuation indifferent indexes avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted.

摘要翻译： 系统，方法和计算机程序产品基于基于会计的数据创建索引，以及基于根据基于会计数据加权投资组合的指数的财务对象组合。 被动投资系统可以基于从各种指标创建的指数。 指数可以用除市值加权，价格权重或相等权重之外的指标构建。 非财务指标也可用于构建指标来创建被动投资系统。 此外，金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦该指数建成，它可能被用作为投资组合购买证券的基础。 具体排除的是广泛使用的资本化加权指数和价格加权指数，其中证券的价格以实质的方式贡献于计算指数或投资组合中该证券的权重，以及相等的加权权重指数。 估值无关的指标避免过度暴露于高估的证券和低估的低估证券，与传统的资本化加权和价格加权相比。

公开(公告)号：US20120215717A1

公开(公告)日：2012-08-23

申请号：US13216238

申请日：2011-08-23

申请人： Robert D. Arnott ,  Paul C. Wood

发明人： Robert D. Arnott ,  Paul C. Wood

IPC分类号： G06Q40/06

CPC分类号： G06Q40/06

摘要： A system, method and computer program product creates an index based on accounting based data, as well as a portfolio of financial objects based on the index where the portfolio is weighted according to accounting based data. A passive investment system may be based on indices created from various metrics. The indexes may be built with metrics other than market capitalization weighting, price weighting or equal weighting. Non-financial metrics may also be used to build indexes to create passive investment systems. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio. Specifically excluded are widely-used capitalization-weighted indexes and price-weighted indexes, in which the price of a security contributes in a substantial way to the calculation of the weight of that security in the index or the portfolio, and equal weighting weighted indexes. Valuation indifferent indexes avoid overexposure to overvalued securities and underexposure to undervalued securities, as compared with conventional capitalization-weighted and price-weighted.

摘要翻译： 系统，方法和计算机程序产品基于基于会计的数据创建索引，以及基于根据基于会计数据加权投资组合的指数的财务对象组合。 被动投资系统可以基于从各种指标创建的指数。 指数可以用除市值加权，价格权重或相等权重之外的指标构建。 非财务指标也可用于构建指标来创建被动投资系统。 此外，金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦该指数建成，它可能被用作为投资组合购买证券的基础。 具体排除的是广泛使用的资本化加权指数和价格加权指数，其中证券的价格以实质的方式贡献于计算指数或投资组合中该证券的权重，以及相等的加权权重指数。 估值无关的指标避免过度暴露于高估的证券和低估的低估证券，与传统的资本化加权和价格加权相比。

公开(公告)号：US07792719B2

公开(公告)日：2010-09-07

申请号：US10961404

申请日：2004-10-12

申请人： Robert D. Arnott

发明人： Robert D. Arnott

IPC分类号： G06Q40/00

CPC分类号： G06Q40/06 ,  G06Q40/00 ,  G06Q40/04

摘要： A passive investment system based on indices created from various metrics is disclosed. The indexes may be built by selecting and weighting securities by an objective measure of scale such as accounting metrics rather than market capitalization weighting, price weighting or equal weighting. Various financial, accounting, and non-financial metrics may be used to build an index. Additionally, a combination of financial non-market capitalization metrics may be used along with non-financial metrics to create passive investment systems. Once the index is built, it may be used as a basis to purchase securities for a portfolio.

摘要翻译： 披露了基于各种指标创建的指标的被动投资系统。 这些指数可以通过选择和加权证券，通过客观的衡量标准，如会计指标，而不是市值加权，价格权重或相等的权重。 可以使用各种财务，会计和非财务指标来构建索引。 此外，金融非市值资本指标的组合可以与非财务指标一起使用，以创建被动投资系统。 一旦该指数建成，它可能被用作为投资组合购买证券的基础。

公开(公告)号：US07117175B2

公开(公告)日：2006-10-03

申请号：US10252761

申请日：2002-09-23

申请人： Robert D. Arnott

发明人： Robert D. Arnott

IPC分类号： G06Q40/00

CPC分类号： G06Q40/02 ,  G06Q40/00 ,  G06Q40/06 ,  G06Q40/10

摘要： A method and apparatus system for managing virtual mutual funds. A plurality of investment managers manage a plurality of accounts for a plurality of investors. The investors directly hold assets in the accounts so that the investors may take advantage of any tax benefits generated by transactions using the assets in the accounts. An investor may have one or more accounts and thus one or more managers. A manager may have one or more investors and thus one or more accounts to manage. A virtual mutual fund manager uses a holdings matrix and a lot matrix to track the asset lots in the accounts. When a manager wishes to make a trade affecting an investor, the virtual mutual fund manager determines which asset lots held by the investor should be used to execute the trade. Optionally, each investor may be associated with a tax-managed account. The tax-managed account is used by the virtual fund manager to make deferred “paper” trades thereby avoiding certain adverse tax consequences that may be created when an investor has multiple managers. Optionally, each investor may allow loss-harvesting trades to be executed on his or her behalf in circumstances where such trades may reduce the investor's tax obligations.

摘要翻译： 一种用于管理虚拟共同基金的方法和装置系统。 多个投资经理为多个投资者管理多个账户。 投资者直接在账户中持有资产，使投资者可以利用账面中资产产生的交易产生的任何税收优惠。 投资者可能有一个或多个账户，因此有一个或多个经理。 经理可能有一个或多个投资者，因此有一个或多个帐户进行管理。 虚拟共同基金经理使用持有矩阵和批次矩阵来跟踪账户中的资产批次。 当经理希望进行影响投资者的交易时，虚拟共同基金经理决定投资者持有的资产批次应用于执行交易。 可选地，每个投资者可以与税务管理的帐户相关联。 虚拟基金经理使用税务管理账户进行延期“纸”交易，从而避免当投资者有多名经理时可能产生的某些不利税务后果。 可选地，每个投资者可以允许在这种交易可能减少投资者的税务义务的情况下代表他或她执行的收获收益交易。