JOSHUA M KRUK
Accountancy in Shelburne, VT
License number
Massachusetts 18837
Issued Date
Jan 23, 1998
Expiration Date
Jun 30, 2017
Type
Certified Public Accountant
Address
Address
Shelburne, VT 05482
Professional information
Customized Performance Benchmarks For Stable Value Funds
US Patent:
8170944, May 1, 2012
Filed:
Nov 17, 2011
Appl. No.:
13/298974
Inventors:
Joshua M. Kruk - Shelburne VT, US
Matthew G. Gleason - Essex VT, US
Steven A. Wallace - Hinesburg VT, US
Jason L. Wyman - Burlington VT, US
Matthew G. Gleason - Essex VT, US
Steven A. Wallace - Hinesburg VT, US
Jason L. Wyman - Burlington VT, US
Assignee:
Dwight Asset Management Company LLC - Burlington VT
International Classification:
G06Q 40/00
US Classification:
705 36R, 705 4
Abstract:
Embodiments calculate a customized performance benchmark for a stable value fund by incorporating client-specific factors and calculating an overall crediting rate, as if the assets underlying the wrap contracts and insurance separate account contracts were invested in the market indices to which the fund's portfolio strategies are benchmarked, rather than being invested in the actual underlying portfolios of the fund. The resulting benchmark translates market benchmark returns into book value returns and resulting market value to book value ratios, to compare to the actual stable value fund performance. The crediting rate process accounts for the yields, durations, and returns of the market value benchmarks in addition to client-specific cash flows and market value to book value ratios.