Systems and methods for rule-based lot selection of mutual funds
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United States of America Patent
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N/A
Issued Date -
Jun 5, 2003
app pub date -
Oct 25, 2001
filing date -
Oct 25, 2001
priority date (Note) -
Abandoned
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Abstract
A computer-based system and method is disclosed that allow a custodian or fund accounting agent of a mutual fund to select lots in the portfolio inventory based on predefined rules to maximize the fund's after tax return. If no rule is stipulated, the process automatically compares tax consequences for possible combinations of buy and sell lots of a security under the various business rules and selects the rule for the particular trade that results in the most favorable tax for the fund.
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