id	sid	tid	token	lemma	pos
fsr-3186	1	1	finser_23_1	finser_23_1	PROPN
fsr-3186	1	2	investor	investor	NOUN
fsr-3186	1	3	preference	preference	NOUN
fsr-3186	1	4	for	for	ADP
fsr-3186	1	5	skewness	skewness	NOUN
fsr-3186	1	6	and	and	CCONJ
fsr-3186	1	7	the	the	DET
fsr-3186	1	8	incubation	incubation	NOUN
fsr-3186	1	9	of	of	ADP
fsr-3186	1	10	mutual	mutual	ADJ
fsr-3186	1	11	funds	fund	NOUN
fsr-3186	1	12	philip	philip	PROPN
fsr-3186	1	13	gibsona	gibsona	PROPN
fsr-3186	1	14	,	,	PUNCT
fsr-3186	1	15	*	*	PROPN
fsr-3186	1	16	,	,	PUNCT
fsr-3186	1	17	michael	michael	PROPN
fsr-3186	1	18	finkeb	finkeb	VERB
fsr-3186	1	19	adepartment	adepartment	NOUN
fsr-3186	1	20	of	of	ADP
fsr-3186	1	21	accounting	accounting	NOUN
fsr-3186	1	22	,	,	PUNCT
fsr-3186	1	23	finance	finance	NOUN
fsr-3186	1	24	and	and	CCONJ
fsr-3186	1	25	economics	economic	NOUN
fsr-3186	1	26	,	,	PUNCT
fsr-3186	1	27	winthrop	winthrop	PROPN
fsr-3186	1	28	university	university	PROPN
fsr-3186	1	29	,	,	PUNCT
fsr-3186	1	30	rock	rock	PROPN
fsr-3186	1	31	hill	hill	PROPN
fsr-3186	1	32	,	,	PUNCT
fsr-3186	1	33	sc	sc	PROPN
fsr-3186	1	34	29733	29733	NUM
fsr-3186	1	35	,	,	PUNCT
fsr-3186	1	36	usa	usa	PROPN
fsr-3186	1	37	bdepartment	bdepartment	NOUN
fsr-3186	1	38	of	of	ADP
fsr-3186	1	39	personal	personal	ADJ
fsr-3186	1	40	financial	financial	ADJ
fsr-3186	1	41	planning	planning	NOUN
fsr-3186	1	42	,	,	PUNCT
fsr-3186	1	43	texas	texas	PROPN
fsr-3186	1	44	tech	tech	PROPN
fsr-3186	1	45	,	,	PUNCT
fsr-3186	1	46	lubbock	lubbock	PROPN
fsr-3186	1	47	,	,	PUNCT
fsr-3186	1	48	tx	tx	PROPN
fsr-3186	1	49	79401	79401	NUM
fsr-3186	1	50	,	,	PUNCT
fsr-3186	1	51	usa	usa	PROPN
fsr-3186	1	52	abstract	abstract	ADJ
fsr-3186	1	53	mutual	mutual	ADJ
fsr-3186	1	54	fund	fund	NOUN
fsr-3186	1	55	companies	company	NOUN
fsr-3186	1	56	market	market	VERB
fsr-3186	1	57	the	the	DET
fsr-3186	1	58	strong	strong	ADJ
fsr-3186	1	59	performance	performance	NOUN
fsr-3186	1	60	of	of	ADP
fsr-3186	1	61	funds	fund	NOUN
fsr-3186	1	62	created	create	VERB
fsr-3186	1	63	through	through	ADP
fsr-3186	1	64	incubation	incubation	NOUN
fsr-3186	1	65	to	to	PART
fsr-3186	1	66	gain	gain	VERB
fsr-3186	1	67	the	the	DET
fsr-3186	1	68	attention	attention	NOUN
fsr-3186	1	69	of	of	ADP
fsr-3186	1	70	investors	investor	NOUN
fsr-3186	1	71	who	who	PRON
fsr-3186	1	72	value	value	VERB
fsr-3186	1	73	recent	recent	ADJ
fsr-3186	1	74	returns	return	NOUN
fsr-3186	1	75	.	.	PUNCT
fsr-3186	2	1	this	this	PRON
fsr-3186	2	2	creates	create	VERB
fsr-3186	2	3	an	an	DET
fsr-3186	2	4	incentive	incentive	NOUN
fsr-3186	2	5	for	for	SCONJ
fsr-3186	2	6	fund	fund	NOUN
fsr-3186	2	7	families	family	NOUN
fsr-3186	2	8	to	to	PART
fsr-3186	2	9	select	select	VERB
fsr-3186	2	10	highly	highly	ADV
fsr-3186	2	11	skewed	skewed	ADJ
fsr-3186	2	12	securities	security	NOUN
fsr-3186	2	13	because	because	SCONJ
fsr-3186	2	14	extreme	extreme	ADJ
fsr-3186	2	15	performance	performance	NOUN
fsr-3186	2	16	during	during	ADP
fsr-3186	2	17	incubation	incubation	NOUN
fsr-3186	2	18	will	will	AUX
fsr-3186	2	19	increase	increase	VERB
fsr-3186	2	20	the	the	DET
fsr-3186	2	21	likelihood	likelihood	NOUN
fsr-3186	2	22	that	that	SCONJ
fsr-3186	2	23	some	some	DET
fsr-3186	2	24	funds	fund	NOUN
fsr-3186	2	25	will	will	AUX
fsr-3186	2	26	outperform	outperform	VERB
fsr-3186	2	27	before	before	SCONJ
fsr-3186	2	28	they	they	PRON
fsr-3186	2	29	are	be	AUX
fsr-3186	2	30	sold	sell	VERB
fsr-3186	2	31	to	to	ADP
fsr-3186	2	32	the	the	DET
fsr-3186	2	33	public	public	NOUN
fsr-3186	2	34	.	.	PUNCT
fsr-3186	3	1	although	although	SCONJ
fsr-3186	3	2	incubation	incubation	NOUN
fsr-3186	3	3	is	be	AUX
fsr-3186	3	4	as	as	ADP
fsr-3186	3	5	an	an	DET
fsr-3186	3	6	innovative	innovative	ADJ
fsr-3186	3	7	fund	fund	NOUN
fsr-3186	3	8	promotion	promotion	NOUN
fsr-3186	3	9	technique	technique	NOUN
fsr-3186	3	10	,	,	PUNCT
fsr-3186	3	11	it	it	PRON
fsr-3186	3	12	may	may	AUX
fsr-3186	3	13	harm	harm	VERB
fsr-3186	3	14	investors	investor	NOUN
fsr-3186	3	15	by	by	ADP
fsr-3186	3	16	creating	create	VERB
fsr-3186	3	17	the	the	DET
fsr-3186	3	18	perception	perception	NOUN
fsr-3186	3	19	that	that	SCONJ
fsr-3186	3	20	random	random	ADJ
fsr-3186	3	21	prior	prior	ADJ
fsr-3186	3	22	returns	return	NOUN
fsr-3186	3	23	are	be	AUX
fsr-3186	3	24	a	a	DET
fsr-3186	3	25	signal	signal	NOUN
fsr-3186	3	26	of	of	ADP
fsr-3186	3	27	fund	fund	NOUN
fsr-3186	3	28	quality	quality	NOUN
fsr-3186	3	29	.	.	PUNCT
fsr-3186	4	1	we	we	PRON
fsr-3186	4	2	find	find	VERB
fsr-3186	4	3	that	that	SCONJ
fsr-3186	4	4	net	net	ADJ
fsr-3186	4	5	new	new	ADJ
fsr-3186	4	6	money	money	NOUN
fsr-3186	4	7	flow	flow	NOUN
fsr-3186	4	8	increases	increase	NOUN
fsr-3186	4	9	with	with	ADP
fsr-3186	4	10	an	an	DET
fsr-3186	4	11	incubated	incubate	VERB
fsr-3186	4	12	fund	fund	NOUN
fsr-3186	4	13	’s	’s	PART
fsr-3186	4	14	skewness	skewness	NOUN
fsr-3186	4	15	.	.	PUNCT
fsr-3186	5	1	after	after	SCONJ
fsr-3186	5	2	incubated	incubate	VERB
fsr-3186	5	3	funds	fund	NOUN
fsr-3186	5	4	are	be	AUX
fsr-3186	5	5	sold	sell	VERB
fsr-3186	5	6	to	to	ADP
fsr-3186	5	7	the	the	DET
fsr-3186	5	8	public	public	NOUN
fsr-3186	5	9	,	,	PUNCT
fsr-3186	5	10	skewed	skewed	ADJ
fsr-3186	5	11	funds	fund	NOUN
fsr-3186	5	12	attract	attract	VERB
fsr-3186	5	13	more	more	ADJ
fsr-3186	5	14	investor	investor	NOUN
fsr-3186	5	15	dollars	dollar	NOUN
fsr-3186	5	16	and	and	CCONJ
fsr-3186	5	17	their	their	PRON
fsr-3186	5	18	average	average	ADJ
fsr-3186	5	19	performance	performance	NOUN
fsr-3186	5	20	declines	decline	VERB
fsr-3186	5	21	.	.	PUNCT
fsr-3186	6	1	these	these	DET
fsr-3186	6	2	results	result	NOUN
fsr-3186	6	3	suggest	suggest	VERB
fsr-3186	6	4	that	that	SCONJ
fsr-3186	6	5	the	the	DET
fsr-3186	6	6	use	use	NOUN
fsr-3186	6	7	of	of	ADP
fsr-3186	6	8	skewed	skewed	ADJ
fsr-3186	6	9	securities	security	NOUN
fsr-3186	6	10	during	during	ADP
fsr-3186	6	11	incubation	incubation	NOUN
fsr-3186	6	12	is	be	AUX
fsr-3186	6	13	an	an	DET
fsr-3186	6	14	effective	effective	ADJ
fsr-3186	6	15	method	method	NOUN
fsr-3186	6	16	for	for	ADP
fsr-3186	6	17	increasing	increase	VERB
fsr-3186	6	18	demand	demand	NOUN
fsr-3186	6	19	,	,	PUNCT
fsr-3186	6	20	but	but	CCONJ
fsr-3186	6	21	may	may	AUX
fsr-3186	6	22	be	be	AUX
fsr-3186	6	23	a	a	DET
fsr-3186	6	24	poor	poor	ADJ
fsr-3186	6	25	quality	quality	NOUN
fsr-3186	6	26	signal	signal	NOUN
fsr-3186	6	27	of	of	ADP
fsr-3186	6	28	future	future	ADJ
fsr-3186	6	29	performance	performance	NOUN
fsr-3186	6	30	.	.	PUNCT
fsr-3186	7	1	©	©	PROPN
fsr-3186	7	2	2014	2014	NUM
fsr-3186	7	3	academy	academy	NOUN
fsr-3186	7	4	of	of	ADP
fsr-3186	7	5	financial	financial	ADJ
fsr-3186	7	6	services	service	NOUN
fsr-3186	7	7	.	.	PUNCT
fsr-3186	8	1	all	all	DET
fsr-3186	8	2	rights	right	NOUN
fsr-3186	8	3	reserved	reserve	VERB
fsr-3186	8	4	.	.	PUNCT
fsr-3186	9	1	jel	jel	PROPN
fsr-3186	9	2	classification	classification	PROPN
fsr-3186	9	3	:	:	PUNCT
fsr-3186	9	4	g23	g23	NOUN
fsr-3186	9	5	;	;	PUNCT
fsr-3186	9	6	g11	g11	NOUN
fsr-3186	9	7	keywords	keyword	NOUN
fsr-3186	9	8	:	:	PUNCT
fsr-3186	9	9	mutual	mutual	ADJ
fsr-3186	9	10	funds	fund	NOUN
fsr-3186	9	11	;	;	PUNCT
fsr-3186	9	12	incubation	incubation	NOUN
fsr-3186	9	13	;	;	PUNCT
fsr-3186	9	14	skewness	skewness	NOUN
fsr-3186	9	15	;	;	PUNCT
fsr-3186	9	16	expense	expense	NOUN
fsr-3186	9	17	ratio	ratio	NOUN
fsr-3186	9	18	;	;	PUNCT
fsr-3186	9	19	performance	performance	NOUN
fsr-3186	9	20	1	1	NUM
fsr-3186	9	21	.	.	PUNCT
fsr-3186	9	22	introduction	introduction	NOUN
fsr-3186	9	23	mutual	mutual	ADJ
fsr-3186	9	24	fund	fund	NOUN
fsr-3186	9	25	companies	company	NOUN
fsr-3186	9	26	use	use	VERB
fsr-3186	9	27	a	a	DET
fsr-3186	9	28	variety	variety	NOUN
fsr-3186	9	29	of	of	ADP
fsr-3186	9	30	tactics	tactic	NOUN
fsr-3186	9	31	to	to	PART
fsr-3186	9	32	gain	gain	VERB
fsr-3186	9	33	the	the	DET
fsr-3186	9	34	attention	attention	NOUN
fsr-3186	9	35	of	of	ADP
fsr-3186	9	36	investors	investor	NOUN
fsr-3186	9	37	.	.	PUNCT
fsr-3186	10	1	given	give	VERB
fsr-3186	10	2	that	that	SCONJ
fsr-3186	10	3	most	most	ADJ
fsr-3186	10	4	investors	investor	NOUN
fsr-3186	10	5	have	have	AUX
fsr-3186	10	6	no	no	DET
fsr-3186	10	7	formal	formal	ADJ
fsr-3186	10	8	training	training	NOUN
fsr-3186	10	9	in	in	ADP
fsr-3186	10	10	what	what	DET
fsr-3186	10	11	factors	factor	NOUN
fsr-3186	10	12	to	to	PART
fsr-3186	10	13	assess	assess	VERB
fsr-3186	10	14	when	when	SCONJ
fsr-3186	10	15	selecting	select	VERB
fsr-3186	10	16	a	a	DET
fsr-3186	10	17	fund	fund	NOUN
fsr-3186	10	18	,	,	PUNCT
fsr-3186	10	19	they	they	PRON
fsr-3186	10	20	must	must	AUX
fsr-3186	10	21	look	look	VERB
fsr-3186	10	22	for	for	ADP
fsr-3186	10	23	easily	easily	ADV
fsr-3186	10	24	understood	understand	VERB
fsr-3186	10	25	cues	cue	NOUN
fsr-3186	10	26	of	of	ADP
fsr-3186	10	27	product	product	NOUN
fsr-3186	10	28	quality	quality	NOUN
fsr-3186	10	29	(	(	PUNCT
fsr-3186	10	30	barber	barber	NOUN
fsr-3186	10	31	and	and	CCONJ
fsr-3186	10	32	odean	odean	ADJ
fsr-3186	10	33	,	,	PUNCT
fsr-3186	10	34	2008	2008	NUM
fsr-3186	10	35	)	)	PUNCT
fsr-3186	10	36	.	.	PUNCT
fsr-3186	11	1	*	*	PUNCT
fsr-3186	11	2	corresponding	correspond	VERB
fsr-3186	11	3	author	author	NOUN
fsr-3186	11	4	.	.	PUNCT
fsr-3186	12	1	tel	tel	PROPN
fsr-3186	12	2	.	.	PUNCT
fsr-3186	12	3	:	:	PUNCT
fsr-3186	12	4	!	!	PUNCT
fsr-3186	13	1	1	1	X
fsr-3186	13	2	-	-	SYM
fsr-3186	13	3	803–323	803–323	NUM
fsr-3186	13	4	-	-	PUNCT
fsr-3186	13	5	2186	2186	NUM
fsr-3186	13	6	;	;	PUNCT
fsr-3186	13	7	fax	fax	NOUN
fsr-3186	13	8	:	:	PUNCT
fsr-3186	13	9	!	!	PUNCT
fsr-3186	13	10	1	1	NUM
fsr-3186	13	11	-	-	SYM
fsr-3186	13	12	803	803	NUM
fsr-3186	13	13	-	-	PUNCT
fsr-3186	13	14	323	323	NUM
fsr-3186	13	15	-	-	SYM
fsr-3186	13	16	3960	3960	NUM
fsr-3186	13	17	e	e	NOUN
fsr-3186	13	18	-	-	NOUN
fsr-3186	13	19	mail	mail	NOUN
fsr-3186	13	20	address	address	NOUN
fsr-3186	13	21	:	:	PUNCT
fsr-3186	13	22	pgibson@uiwtx.edu	pgibson@uiwtx.edu	PROPN
fsr-3186	13	23	financial	financial	ADJ
fsr-3186	13	24	services	service	NOUN
fsr-3186	13	25	review	review	VERB
fsr-3186	13	26	23	23	NUM
fsr-3186	13	27	(	(	PUNCT
fsr-3186	13	28	2014	2014	NUM
fsr-3186	13	29	)	)	PUNCT
fsr-3186	13	30	63–75	63–75	NUM
fsr-3186	13	31	1057	1057	NUM
fsr-3186	13	32	-	-	SYM
fsr-3186	13	33	0810/14/$	0810/14/$	NUM
fsr-3186	13	34	–	–	PUNCT
fsr-3186	13	35	see	see	VERB
fsr-3186	13	36	front	front	ADJ
fsr-3186	13	37	matter	matter	NOUN
fsr-3186	14	1	©	©	PROPN
fsr-3186	14	2	2014	2014	NUM
fsr-3186	14	3	academy	academy	NOUN
fsr-3186	14	4	of	of	ADP
fsr-3186	14	5	financial	financial	ADJ
fsr-3186	14	6	services	service	NOUN
fsr-3186	14	7	.	.	PUNCT
fsr-3186	15	1	all	all	DET
fsr-3186	15	2	rights	right	NOUN
fsr-3186	15	3	reserved	reserve	VERB
fsr-3186	15	4	.	.	PUNCT
fsr-3186	16	1	faced	face	VERB
fsr-3186	16	2	with	with	ADP
fsr-3186	16	3	high	high	ADJ
fsr-3186	16	4	search	search	NOUN
fsr-3186	16	5	costs	cost	NOUN
fsr-3186	16	6	,	,	PUNCT
fsr-3186	16	7	many	many	ADJ
fsr-3186	16	8	investors	investor	NOUN
fsr-3186	16	9	simply	simply	ADV
fsr-3186	16	10	select	select	VERB
fsr-3186	16	11	funds	fund	NOUN
fsr-3186	16	12	that	that	PRON
fsr-3186	16	13	have	have	VERB
fsr-3186	16	14	high	high	ADJ
fsr-3186	16	15	recent	recent	ADJ
fsr-3186	16	16	performance	performance	NOUN
fsr-3186	16	17	(	(	PUNCT
fsr-3186	16	18	sirri	sirri	NOUN
fsr-3186	16	19	and	and	CCONJ
fsr-3186	16	20	tufano	tufano	ADJ
fsr-3186	16	21	,	,	PUNCT
fsr-3186	16	22	1998	1998	NUM
fsr-3186	16	23	)	)	PUNCT
fsr-3186	16	24	.	.	PUNCT
fsr-3186	17	1	mutual	mutual	ADJ
fsr-3186	17	2	fund	fund	NOUN
fsr-3186	17	3	managers	manager	NOUN
fsr-3186	17	4	have	have	VERB
fsr-3186	17	5	an	an	DET
fsr-3186	17	6	incentive	incentive	NOUN
fsr-3186	17	7	to	to	PART
fsr-3186	17	8	capture	capture	VERB
fsr-3186	17	9	investor	investor	NOUN
fsr-3186	17	10	attention	attention	NOUN
fsr-3186	17	11	by	by	ADP
fsr-3186	17	12	creating	create	VERB
fsr-3186	17	13	funds	fund	NOUN
fsr-3186	17	14	that	that	PRON
fsr-3186	17	15	have	have	VERB
fsr-3186	17	16	high	high	ADJ
fsr-3186	17	17	recent	recent	ADJ
fsr-3186	17	18	returns	return	NOUN
fsr-3186	17	19	and	and	CCONJ
fsr-3186	17	20	marketing	market	VERB
fsr-3186	17	21	the	the	DET
fsr-3186	17	22	performance	performance	NOUN
fsr-3186	17	23	of	of	ADP
fsr-3186	17	24	these	these	DET
fsr-3186	17	25	funds	fund	NOUN
fsr-3186	17	26	to	to	ADP
fsr-3186	17	27	consumers	consumer	NOUN
fsr-3186	17	28	.	.	PUNCT
fsr-3186	18	1	mutual	mutual	ADJ
fsr-3186	18	2	fund	fund	NOUN
fsr-3186	18	3	incubation	incubation	NOUN
fsr-3186	18	4	is	be	AUX
fsr-3186	18	5	a	a	DET
fsr-3186	18	6	tactic	tactic	NOUN
fsr-3186	18	7	that	that	SCONJ
fsr-3186	18	8	some	some	DET
fsr-3186	18	9	fund	fund	NOUN
fsr-3186	18	10	companies	company	NOUN
fsr-3186	18	11	use	use	VERB
fsr-3186	18	12	to	to	PART
fsr-3186	18	13	create	create	VERB
fsr-3186	18	14	new	new	ADJ
fsr-3186	18	15	fund	fund	NOUN
fsr-3186	18	16	offerings	offering	NOUN
fsr-3186	18	17	.	.	PUNCT
fsr-3186	19	1	in	in	ADP
fsr-3186	19	2	incubation	incubation	NOUN
fsr-3186	19	3	,	,	PUNCT
fsr-3186	19	4	families	family	NOUN
fsr-3186	19	5	develop	develop	VERB
fsr-3186	19	6	numerous	numerous	ADJ
fsr-3186	19	7	new	new	ADJ
fsr-3186	19	8	funds	fund	NOUN
fsr-3186	19	9	often	often	ADV
fsr-3186	19	10	with	with	ADP
fsr-3186	19	11	a	a	DET
fsr-3186	19	12	limited	limited	ADJ
fsr-3186	19	13	amount	amount	NOUN
fsr-3186	19	14	of	of	ADP
fsr-3186	19	15	seed	seed	NOUN
fsr-3186	19	16	money	money	NOUN
fsr-3186	19	17	.	.	PUNCT
fsr-3186	20	1	after	after	ADP
fsr-3186	20	2	a	a	DET
fsr-3186	20	3	period	period	NOUN
fsr-3186	20	4	of	of	ADP
fsr-3186	20	5	time	time	NOUN
fsr-3186	20	6	,	,	PUNCT
fsr-3186	20	7	funds	fund	NOUN
fsr-3186	20	8	with	with	ADP
fsr-3186	20	9	a	a	DET
fsr-3186	20	10	good	good	ADJ
fsr-3186	20	11	performance	performance	NOUN
fsr-3186	20	12	track	track	NOUN
fsr-3186	20	13	record	record	NOUN
fsr-3186	20	14	are	be	AUX
fsr-3186	20	15	opened	open	VERB
fsr-3186	20	16	to	to	ADP
fsr-3186	20	17	the	the	DET
fsr-3186	20	18	public	public	NOUN
fsr-3186	20	19	,	,	PUNCT
fsr-3186	20	20	whereas	whereas	SCONJ
fsr-3186	20	21	those	those	PRON
fsr-3186	20	22	that	that	DET
fsr-3186	20	23	underperform	underperform	NOUN
fsr-3186	20	24	are	be	AUX
fsr-3186	20	25	liquidated	liquidate	VERB
fsr-3186	20	26	before	before	SCONJ
fsr-3186	20	27	investors	investor	NOUN
fsr-3186	20	28	ever	ever	ADV
fsr-3186	20	29	become	become	VERB
fsr-3186	20	30	aware	aware	ADJ
fsr-3186	20	31	of	of	ADP
fsr-3186	20	32	their	their	PRON
fsr-3186	20	33	existence	existence	NOUN
fsr-3186	20	34	(	(	PUNCT
fsr-3186	20	35	evans	evans	PROPN
fsr-3186	20	36	,	,	PUNCT
fsr-3186	20	37	2010	2010	NUM
fsr-3186	20	38	)	)	PUNCT
fsr-3186	20	39	.	.	PUNCT
fsr-3186	21	1	because	because	SCONJ
fsr-3186	21	2	the	the	DET
fsr-3186	21	3	highest	high	ADJ
fsr-3186	21	4	performing	perform	VERB
fsr-3186	21	5	funds	fund	NOUN
fsr-3186	21	6	are	be	AUX
fsr-3186	21	7	likely	likely	ADJ
fsr-3186	21	8	to	to	PART
fsr-3186	21	9	capture	capture	VERB
fsr-3186	21	10	the	the	DET
fsr-3186	21	11	greatest	great	ADJ
fsr-3186	21	12	investor	investor	NOUN
fsr-3186	21	13	attention	attention	NOUN
fsr-3186	21	14	,	,	PUNCT
fsr-3186	21	15	there	there	PRON
fsr-3186	21	16	is	be	VERB
fsr-3186	21	17	an	an	DET
fsr-3186	21	18	incentive	incentive	NOUN
fsr-3186	21	19	for	for	SCONJ
fsr-3186	21	20	fund	fund	NOUN
fsr-3186	21	21	managers	manager	NOUN
fsr-3186	21	22	to	to	PART
fsr-3186	21	23	select	select	VERB
fsr-3186	21	24	securities	security	NOUN
fsr-3186	21	25	with	with	ADP
fsr-3186	21	26	more	more	ADV
fsr-3186	21	27	highly	highly	ADV
fsr-3186	21	28	skewed	skewed	ADJ
fsr-3186	21	29	returns	return	NOUN
fsr-3186	21	30	that	that	PRON
fsr-3186	21	31	are	be	AUX
fsr-3186	21	32	most	most	ADV
fsr-3186	21	33	likely	likely	ADJ
fsr-3186	21	34	to	to	PART
fsr-3186	21	35	achieve	achieve	VERB
fsr-3186	21	36	well	well	ADV
fsr-3186	21	37	above	above	ADP
fsr-3186	21	38	average	average	ADJ
fsr-3186	21	39	performance	performance	NOUN
fsr-3186	21	40	.	.	PUNCT
fsr-3186	22	1	both	both	DET
fsr-3186	22	2	incubation	incubation	NOUN
fsr-3186	22	3	and	and	CCONJ
fsr-3186	22	4	skewness	skewness	NOUN
fsr-3186	22	5	of	of	ADP
fsr-3186	22	6	mutual	mutual	ADJ
fsr-3186	22	7	funds	fund	NOUN
fsr-3186	22	8	are	be	AUX
fsr-3186	22	9	relatively	relatively	ADV
fsr-3186	22	10	unexplored	unexplored	ADJ
fsr-3186	22	11	areas	area	NOUN
fsr-3186	22	12	within	within	ADP
fsr-3186	22	13	the	the	DET
fsr-3186	22	14	financial	financial	ADJ
fsr-3186	22	15	literature	literature	NOUN
fsr-3186	22	16	.	.	PUNCT
fsr-3186	23	1	the	the	DET
fsr-3186	23	2	purpose	purpose	NOUN
fsr-3186	23	3	of	of	ADP
fsr-3186	23	4	this	this	DET
fsr-3186	23	5	study	study	NOUN
fsr-3186	23	6	is	be	AUX
fsr-3186	23	7	to	to	PART
fsr-3186	23	8	investigate	investigate	VERB
fsr-3186	23	9	whether	whether	SCONJ
fsr-3186	23	10	fund	fund	NOUN
fsr-3186	23	11	families	family	NOUN
fsr-3186	23	12	have	have	VERB
fsr-3186	23	13	an	an	DET
fsr-3186	23	14	incentive	incentive	NOUN
fsr-3186	23	15	to	to	PART
fsr-3186	23	16	initiate	initiate	VERB
fsr-3186	23	17	highly	highly	ADV
fsr-3186	23	18	skewed	skewed	ADJ
fsr-3186	23	19	incubated	incubate	VERB
fsr-3186	23	20	funds	fund	NOUN
fsr-3186	23	21	.	.	PUNCT
fsr-3186	24	1	we	we	PRON
fsr-3186	24	2	estimate	estimate	VERB
fsr-3186	24	3	net	net	ADJ
fsr-3186	24	4	investor	investor	NOUN
fsr-3186	24	5	cash	cash	NOUN
fsr-3186	24	6	flow	flow	NOUN
fsr-3186	24	7	to	to	ADP
fsr-3186	24	8	incubated	incubate	VERB
fsr-3186	24	9	mutual	mutual	ADJ
fsr-3186	24	10	funds	fund	NOUN
fsr-3186	24	11	that	that	PRON
fsr-3186	24	12	are	be	AUX
fsr-3186	24	13	launched	launch	VERB
fsr-3186	24	14	with	with	ADP
fsr-3186	24	15	a	a	DET
fsr-3186	24	16	positively	positively	ADV
fsr-3186	24	17	skewed	skewed	ADJ
fsr-3186	24	18	return	return	NOUN
fsr-3186	24	19	at	at	ADP
fsr-3186	24	20	inception	inception	NOUN
fsr-3186	24	21	and	and	CCONJ
fsr-3186	24	22	compare	compare	VERB
fsr-3186	24	23	characteristics	characteristic	NOUN
fsr-3186	24	24	and	and	CCONJ
fsr-3186	24	25	performance	performance	NOUN
fsr-3186	24	26	of	of	ADP
fsr-3186	24	27	incubated	incubate	VERB
fsr-3186	24	28	to	to	ADP
fsr-3186	24	29	non	non	ADJ
fsr-3186	24	30	-	-	ADJ
fsr-3186	24	31	incubated	incubate	VERB
fsr-3186	24	32	funds	fund	NOUN
fsr-3186	24	33	.	.	PUNCT
fsr-3186	25	1	the	the	DET
fsr-3186	25	2	results	result	NOUN
fsr-3186	25	3	of	of	ADP
fsr-3186	25	4	this	this	DET
fsr-3186	25	5	study	study	NOUN
fsr-3186	25	6	reveal	reveal	VERB
fsr-3186	25	7	that	that	SCONJ
fsr-3186	25	8	incubated	incubate	VERB
fsr-3186	25	9	mutual	mutual	ADJ
fsr-3186	25	10	funds	fund	NOUN
fsr-3186	25	11	on	on	ADP
fsr-3186	25	12	average	average	ADJ
fsr-3186	25	13	have	have	VERB
fsr-3186	25	14	a	a	DET
fsr-3186	25	15	higher	high	ADJ
fsr-3186	25	16	expense	expense	NOUN
fsr-3186	25	17	ratio	ratio	NOUN
fsr-3186	25	18	than	than	ADP
fsr-3186	25	19	non	non	ADJ
fsr-3186	25	20	-	-	ADJ
fsr-3186	25	21	incubated	incubate	VERB
fsr-3186	25	22	funds	fund	NOUN
fsr-3186	25	23	.	.	PUNCT
fsr-3186	26	1	incubated	incubate	VERB
fsr-3186	26	2	funds	fund	NOUN
fsr-3186	26	3	have	have	VERB
fsr-3186	26	4	significantly	significantly	ADV
fsr-3186	26	5	lower	low	ADJ
fsr-3186	26	6	performance	performance	NOUN
fsr-3186	26	7	after	after	SCONJ
fsr-3186	26	8	they	they	PRON
fsr-3186	26	9	are	be	AUX
fsr-3186	26	10	opened	open	VERB
fsr-3186	26	11	to	to	ADP
fsr-3186	26	12	investors	investor	NOUN
fsr-3186	26	13	.	.	PUNCT
fsr-3186	27	1	we	we	PRON
fsr-3186	27	2	find	find	VERB
fsr-3186	27	3	evidence	evidence	NOUN
fsr-3186	27	4	that	that	SCONJ
fsr-3186	27	5	fund	fund	NOUN
fsr-3186	27	6	flows	flow	NOUN
fsr-3186	27	7	are	be	AUX
fsr-3186	27	8	higher	high	ADJ
fsr-3186	27	9	among	among	ADP
fsr-3186	27	10	incubated	incubate	VERB
fsr-3186	27	11	funds	fund	NOUN
fsr-3186	27	12	that	that	PRON
fsr-3186	27	13	are	be	AUX
fsr-3186	27	14	launched	launch	VERB
fsr-3186	27	15	with	with	ADP
fsr-3186	27	16	a	a	DET
fsr-3186	27	17	more	more	ADV
fsr-3186	27	18	positively	positively	ADV
fsr-3186	27	19	skewed	skewed	ADJ
fsr-3186	27	20	return	return	NOUN
fsr-3186	27	21	at	at	ADP
fsr-3186	27	22	inception	inception	NOUN
fsr-3186	27	23	.	.	PUNCT
fsr-3186	28	1	our	our	PRON
fsr-3186	28	2	results	result	NOUN
fsr-3186	28	3	suggest	suggest	VERB
fsr-3186	28	4	that	that	SCONJ
fsr-3186	28	5	fund	fund	NOUN
fsr-3186	28	6	managers	manager	NOUN
fsr-3186	28	7	have	have	VERB
fsr-3186	28	8	a	a	DET
fsr-3186	28	9	strong	strong	ADJ
fsr-3186	28	10	incentive	incentive	NOUN
fsr-3186	28	11	to	to	PART
fsr-3186	28	12	select	select	VERB
fsr-3186	28	13	highly	highly	ADV
fsr-3186	28	14	skewed	skewed	ADJ
fsr-3186	28	15	securities	security	NOUN
fsr-3186	28	16	when	when	SCONJ
fsr-3186	28	17	incubating	incubate	VERB
fsr-3186	28	18	funds	fund	NOUN
fsr-3186	28	19	,	,	PUNCT
fsr-3186	28	20	and	and	CCONJ
fsr-3186	28	21	that	that	SCONJ
fsr-3186	28	22	the	the	DET
fsr-3186	28	23	process	process	NOUN
fsr-3186	28	24	of	of	ADP
fsr-3186	28	25	culling	cull	VERB
fsr-3186	28	26	low	low	ADJ
fsr-3186	28	27	performance	performance	NOUN
fsr-3186	28	28	before	before	ADP
fsr-3186	28	29	opening	open	VERB
fsr-3186	28	30	funds	fund	NOUN
fsr-3186	28	31	to	to	ADP
fsr-3186	28	32	the	the	DET
fsr-3186	28	33	public	public	NOUN
fsr-3186	28	34	can	can	AUX
fsr-3186	28	35	create	create	VERB
fsr-3186	28	36	a	a	DET
fsr-3186	28	37	powerful	powerful	ADJ
fsr-3186	28	38	,	,	PUNCT
fsr-3186	28	39	but	but	CCONJ
fsr-3186	28	40	ultimately	ultimately	ADV
fsr-3186	28	41	false	false	ADJ
fsr-3186	28	42	,	,	PUNCT
fsr-3186	28	43	signal	signal	NOUN
fsr-3186	28	44	of	of	ADP
fsr-3186	28	45	quality	quality	NOUN
fsr-3186	28	46	.	.	PUNCT
fsr-3186	29	1	2	2	X
fsr-3186	29	2	.	.	X
fsr-3186	29	3	review	review	NOUN
fsr-3186	29	4	of	of	ADP
fsr-3186	29	5	literature	literature	NOUN
fsr-3186	29	6	2.1	2.1	NUM
fsr-3186	29	7	.	.	PUNCT
fsr-3186	30	1	mutual	mutual	ADJ
fsr-3186	30	2	fund	fund	NOUN
fsr-3186	30	3	incubation	incubation	NOUN
fsr-3186	30	4	incubation	incubation	NOUN
fsr-3186	30	5	is	be	AUX
fsr-3186	30	6	the	the	DET
fsr-3186	30	7	process	process	NOUN
fsr-3186	30	8	where	where	SCONJ
fsr-3186	30	9	a	a	DET
fsr-3186	30	10	mutual	mutual	ADJ
fsr-3186	30	11	fund	fund	NOUN
fsr-3186	30	12	company	company	NOUN
fsr-3186	30	13	creates	create	VERB
fsr-3186	30	14	several	several	ADJ
fsr-3186	30	15	mutual	mutual	ADJ
fsr-3186	30	16	funds	fund	NOUN
fsr-3186	30	17	(	(	PUNCT
fsr-3186	30	18	incubator	incubator	NOUN
fsr-3186	30	19	funds	fund	NOUN
fsr-3186	30	20	)	)	PUNCT
fsr-3186	30	21	seeded	seed	VERB
fsr-3186	30	22	with	with	ADP
fsr-3186	30	23	their	their	PRON
fsr-3186	30	24	own	own	ADJ
fsr-3186	30	25	resources	resource	NOUN
fsr-3186	30	26	and	and	CCONJ
fsr-3186	30	27	operated	operate	VERB
fsr-3186	30	28	in	in	ADP
fsr-3186	30	29	private	private	ADJ
fsr-3186	30	30	for	for	ADP
fsr-3186	30	31	a	a	DET
fsr-3186	30	32	specified	specified	ADJ
fsr-3186	30	33	period	period	NOUN
fsr-3186	30	34	of	of	ADP
fsr-3186	30	35	time	time	NOUN
fsr-3186	30	36	(	(	PUNCT
fsr-3186	30	37	palmiter	palmiter	NOUN
fsr-3186	30	38	and	and	CCONJ
fsr-3186	30	39	taha	taha	NOUN
fsr-3186	30	40	,	,	PUNCT
fsr-3186	30	41	2009	2009	NUM
fsr-3186	30	42	)	)	PUNCT
fsr-3186	30	43	.	.	PUNCT
fsr-3186	31	1	this	this	DET
fsr-3186	31	2	process	process	NOUN
fsr-3186	31	3	can	can	AUX
fsr-3186	31	4	either	either	CCONJ
fsr-3186	31	5	be	be	AUX
fsr-3186	31	6	done	do	VERB
fsr-3186	31	7	privately	privately	ADV
fsr-3186	31	8	or	or	CCONJ
fsr-3186	31	9	publicly	publicly	ADV
fsr-3186	31	10	.	.	PUNCT
fsr-3186	32	1	before	before	SCONJ
fsr-3186	32	2	a	a	DET
fsr-3186	32	3	mutual	mutual	ADJ
fsr-3186	32	4	fund	fund	NOUN
fsr-3186	32	5	company	company	NOUN
fsr-3186	32	6	can	can	AUX
fsr-3186	32	7	market	market	VERB
fsr-3186	32	8	a	a	DET
fsr-3186	32	9	new	new	ADJ
fsr-3186	32	10	fund	fund	NOUN
fsr-3186	32	11	,	,	PUNCT
fsr-3186	32	12	it	it	PRON
fsr-3186	32	13	must	must	AUX
fsr-3186	32	14	first	first	ADV
fsr-3186	32	15	register	register	VERB
fsr-3186	32	16	the	the	DET
fsr-3186	32	17	fund	fund	NOUN
fsr-3186	32	18	with	with	ADP
fsr-3186	32	19	the	the	DET
fsr-3186	32	20	securities	securities	PROPN
fsr-3186	32	21	exchange	exchange	PROPN
fsr-3186	32	22	commission	commission	PROPN
fsr-3186	32	23	(	(	PUNCT
fsr-3186	32	24	sec	sec	PROPN
fsr-3186	32	25	)	)	PUNCT
fsr-3186	32	26	.	.	PUNCT
fsr-3186	33	1	if	if	SCONJ
fsr-3186	33	2	a	a	DET
fsr-3186	33	3	mutual	mutual	ADJ
fsr-3186	33	4	fund	fund	NOUN
fsr-3186	33	5	company	company	NOUN
fsr-3186	33	6	decides	decide	VERB
fsr-3186	33	7	to	to	PART
fsr-3186	33	8	wait	wait	VERB
fsr-3186	33	9	,	,	PUNCT
fsr-3186	33	10	and	and	CCONJ
fsr-3186	33	11	then	then	ADV
fsr-3186	33	12	register	register	VERB
fsr-3186	33	13	the	the	DET
fsr-3186	33	14	incubator	incubator	NOUN
fsr-3186	33	15	fund	fund	NOUN
fsr-3186	33	16	right	right	ADV
fsr-3186	33	17	before	before	SCONJ
fsr-3186	33	18	it	it	PRON
fsr-3186	33	19	becomes	become	VERB
fsr-3186	33	20	publicly	publicly	ADV
fsr-3186	33	21	available	available	ADJ
fsr-3186	33	22	,	,	PUNCT
fsr-3186	33	23	it	it	PRON
fsr-3186	33	24	is	be	AUX
fsr-3186	33	25	referred	refer	VERB
fsr-3186	33	26	to	to	ADP
fsr-3186	33	27	as	as	ADP
fsr-3186	33	28	“	"	PUNCT
fsr-3186	33	29	private	private	ADJ
fsr-3186	33	30	incubation	incubation	NOUN
fsr-3186	33	31	.	.	PUNCT
fsr-3186	33	32	”	"	PUNCT
fsr-3186	34	1	on	on	ADP
fsr-3186	34	2	the	the	DET
fsr-3186	34	3	other	other	ADJ
fsr-3186	34	4	hand	hand	NOUN
fsr-3186	34	5	,	,	PUNCT
fsr-3186	34	6	“	"	PUNCT
fsr-3186	34	7	public	public	ADJ
fsr-3186	34	8	incubation	incubation	NOUN
fsr-3186	34	9	”	"	PUNCT
fsr-3186	34	10	occurs	occur	VERB
fsr-3186	34	11	when	when	SCONJ
fsr-3186	34	12	the	the	DET
fsr-3186	34	13	mutual	mutual	ADJ
fsr-3186	34	14	fund	fund	NOUN
fsr-3186	34	15	company	company	NOUN
fsr-3186	34	16	registers	register	VERB
fsr-3186	34	17	the	the	DET
fsr-3186	34	18	incubator	incubator	NOUN
fsr-3186	34	19	fund	fund	NOUN
fsr-3186	34	20	with	with	ADP
fsr-3186	34	21	the	the	DET
fsr-3186	34	22	sec	sec	PROPN
fsr-3186	34	23	when	when	SCONJ
fsr-3186	34	24	it	it	PRON
fsr-3186	34	25	is	be	AUX
fsr-3186	34	26	created	create	VERB
fsr-3186	34	27	,	,	PUNCT
fsr-3186	34	28	but	but	CCONJ
fsr-3186	34	29	does	do	AUX
fsr-3186	34	30	not	not	PART
fsr-3186	34	31	actively	actively	ADV
fsr-3186	34	32	market	market	VERB
fsr-3186	34	33	the	the	DET
fsr-3186	34	34	performance	performance	NOUN
fsr-3186	34	35	of	of	ADP
fsr-3186	34	36	this	this	DET
fsr-3186	34	37	fund	fund	NOUN
fsr-3186	34	38	until	until	SCONJ
fsr-3186	34	39	it	it	PRON
fsr-3186	34	40	is	be	AUX
fsr-3186	34	41	known	know	VERB
fsr-3186	34	42	(	(	PUNCT
fsr-3186	34	43	evans	evans	PROPN
fsr-3186	34	44	,	,	PUNCT
fsr-3186	34	45	2010	2010	NUM
fsr-3186	34	46	)	)	PUNCT
fsr-3186	34	47	.	.	PUNCT
fsr-3186	35	1	those	those	DET
fsr-3186	35	2	incubator	incubator	NOUN
fsr-3186	35	3	funds	fund	NOUN
fsr-3186	35	4	that	that	PRON
fsr-3186	35	5	are	be	AUX
fsr-3186	35	6	unsuccessful	unsuccessful	ADJ
fsr-3186	35	7	in	in	ADP
fsr-3186	35	8	terms	term	NOUN
fsr-3186	35	9	of	of	ADP
fsr-3186	35	10	realized	realize	VERB
fsr-3186	35	11	returns	return	NOUN
fsr-3186	35	12	are	be	AUX
fsr-3186	35	13	often	often	ADV
fsr-3186	35	14	eliminated	eliminate	VERB
fsr-3186	35	15	and	and	CCONJ
fsr-3186	35	16	never	never	ADV
fsr-3186	35	17	publicized	publicize	VERB
fsr-3186	35	18	.	.	PUNCT
fsr-3186	36	1	successful	successful	ADJ
fsr-3186	36	2	funds	fund	NOUN
fsr-3186	36	3	are	be	AUX
fsr-3186	36	4	then	then	ADV
fsr-3186	36	5	marketed	market	VERB
fsr-3186	36	6	to	to	ADP
fsr-3186	36	7	prospective	prospective	ADJ
fsr-3186	36	8	investors	investor	NOUN
fsr-3186	36	9	.	.	PUNCT
fsr-3186	37	1	much	much	ADJ
fsr-3186	37	2	of	of	ADP
fsr-3186	37	3	the	the	DET
fsr-3186	37	4	literature	literature	NOUN
fsr-3186	37	5	on	on	ADP
fsr-3186	37	6	mutual	mutual	ADJ
fsr-3186	37	7	fund	fund	NOUN
fsr-3186	37	8	incubation	incubation	NOUN
fsr-3186	37	9	indicates	indicate	VERB
fsr-3186	37	10	that	that	SCONJ
fsr-3186	37	11	once	once	SCONJ
fsr-3186	37	12	an	an	DET
fsr-3186	37	13	incubated	incubate	VERB
fsr-3186	37	14	fund	fund	NOUN
fsr-3186	37	15	becomes	become	VERB
fsr-3186	37	16	publicly	publicly	ADV
fsr-3186	37	17	available	available	ADJ
fsr-3186	37	18	,	,	PUNCT
fsr-3186	37	19	it	it	PRON
fsr-3186	37	20	underperforms	underperform	VERB
fsr-3186	37	21	the	the	DET
fsr-3186	37	22	market	market	NOUN
fsr-3186	37	23	.	.	PUNCT
fsr-3186	38	1	for	for	ADP
fsr-3186	38	2	instance	instance	NOUN
fsr-3186	38	3	,	,	PUNCT
fsr-3186	38	4	garavito	garavito	PROPN
fsr-3186	38	5	(	(	PUNCT
fsr-3186	38	6	2008	2008	NUM
fsr-3186	38	7	)	)	PUNCT
fsr-3186	38	8	shows	show	VERB
fsr-3186	38	9	that	that	SCONJ
fsr-3186	38	10	incubated	incubate	VERB
fsr-3186	38	11	domestic	domestic	ADJ
fsr-3186	38	12	equity	equity	NOUN
fsr-3186	38	13	funds	fund	NOUN
fsr-3186	38	14	outperform	outperform	VERB
fsr-3186	38	15	non	non	ADJ
fsr-3186	38	16	-	-	ADJ
fsr-3186	38	17	incubated	incubate	VERB
fsr-3186	38	18	domestic	domestic	ADJ
fsr-3186	38	19	equity	equity	NOUN
fsr-3186	38	20	funds	fund	NOUN
fsr-3186	38	21	on	on	ADP
fsr-3186	38	22	a	a	DET
fsr-3186	38	23	risk	risk	NOUN
fsr-3186	38	24	-	-	PUNCT
fsr-3186	38	25	adjusted	adjust	VERB
fsr-3186	38	26	basis	basis	NOUN
fsr-3186	38	27	for	for	ADP
fsr-3186	38	28	the	the	DET
fsr-3186	38	29	initial	initial	ADJ
fsr-3186	38	30	three	three	NUM
fsr-3186	38	31	years	year	NOUN
fsr-3186	38	32	of	of	ADP
fsr-3186	38	33	existence	existence	NOUN
fsr-3186	38	34	.	.	PUNCT
fsr-3186	39	1	however	however	ADV
fsr-3186	39	2	,	,	PUNCT
fsr-3186	39	3	after	after	ADP
fsr-3186	39	4	three	three	NUM
fsr-3186	39	5	years	year	NOUN
fsr-3186	39	6	the	the	DET
fsr-3186	39	7	64	64	NUM
fsr-3186	39	8	p.	p.	NOUN
fsr-3186	39	9	gibson	gibson	PROPN
fsr-3186	39	10	,	,	PUNCT
fsr-3186	39	11	m.	m.	NOUN
fsr-3186	39	12	finke	finke	PROPN
fsr-3186	39	13	/	/	SYM
fsr-3186	39	14	financial	financial	ADJ
fsr-3186	39	15	services	service	NOUN
fsr-3186	39	16	review	review	VERB
fsr-3186	39	17	23	23	NUM
fsr-3186	39	18	(	(	PUNCT
fsr-3186	39	19	2014	2014	NUM
fsr-3186	39	20	)	)	PUNCT
fsr-3186	40	1	63–75	63–75	NUM
fsr-3186	40	2	incubated	incubate	VERB
fsr-3186	40	3	funds	fund	NOUN
fsr-3186	40	4	no	no	ADV
fsr-3186	40	5	longer	long	ADV
fsr-3186	40	6	outperform	outperform	ADJ
fsr-3186	40	7	.	.	PUNCT
fsr-3186	41	1	likewise	likewise	ADV
fsr-3186	41	2	,	,	PUNCT
fsr-3186	41	3	ackerman	ackerman	NOUN
fsr-3186	41	4	and	and	CCONJ
fsr-3186	41	5	loughran	loughran	PROPN
fsr-3186	41	6	(	(	PUNCT
fsr-3186	41	7	2006	2006	NUM
fsr-3186	41	8	)	)	PUNCT
fsr-3186	41	9	find	find	VERB
fsr-3186	41	10	that	that	SCONJ
fsr-3186	41	11	the	the	DET
fsr-3186	41	12	average	average	ADJ
fsr-3186	41	13	incubator	incubator	NOUN
fsr-3186	41	14	fund	fund	NOUN
fsr-3186	41	15	outperformed	outperform	VERB
fsr-3186	41	16	the	the	DET
fsr-3186	41	17	market	market	NOUN
fsr-3186	41	18	by	by	ADP
fsr-3186	41	19	358	358	NUM
fsr-3186	41	20	basis	basis	NOUN
fsr-3186	41	21	points	point	NOUN
fsr-3186	41	22	during	during	ADP
fsr-3186	41	23	incubation	incubation	NOUN
fsr-3186	41	24	but	but	CCONJ
fsr-3186	41	25	underperformed	underperform	VERB
fsr-3186	41	26	the	the	DET
fsr-3186	41	27	market	market	NOUN
fsr-3186	41	28	by	by	ADP
fsr-3186	41	29	423	423	NUM
fsr-3186	41	30	basis	basis	NOUN
fsr-3186	41	31	points	point	NOUN
fsr-3186	41	32	once	once	SCONJ
fsr-3186	41	33	it	it	PRON
fsr-3186	41	34	became	become	VERB
fsr-3186	41	35	publicly	publicly	ADV
fsr-3186	41	36	available	available	ADJ
fsr-3186	41	37	.	.	PUNCT
fsr-3186	42	1	similarly	similarly	ADV
fsr-3186	42	2	,	,	PUNCT
fsr-3186	42	3	evans	evans	PROPN
fsr-3186	42	4	(	(	PUNCT
fsr-3186	42	5	2010	2010	NUM
fsr-3186	42	6	)	)	PUNCT
fsr-3186	42	7	finds	find	VERB
fsr-3186	42	8	a	a	DET
fsr-3186	42	9	negative	negative	ADJ
fsr-3186	42	10	relation	relation	NOUN
fsr-3186	42	11	between	between	ADP
fsr-3186	42	12	fund	fund	NOUN
fsr-3186	42	13	returns	return	NOUN
fsr-3186	42	14	during	during	ADP
fsr-3186	42	15	the	the	DET
fsr-3186	42	16	incubation	incubation	NOUN
fsr-3186	42	17	stage	stage	NOUN
fsr-3186	42	18	and	and	CCONJ
fsr-3186	42	19	subsequent	subsequent	ADJ
fsr-3186	42	20	returns	return	NOUN
fsr-3186	42	21	.	.	PUNCT
fsr-3186	43	1	deciding	decide	VERB
fsr-3186	43	2	when	when	SCONJ
fsr-3186	43	3	to	to	PART
fsr-3186	43	4	launch	launch	VERB
fsr-3186	43	5	a	a	DET
fsr-3186	43	6	fund	fund	NOUN
fsr-3186	43	7	is	be	AUX
fsr-3186	43	8	an	an	DET
fsr-3186	43	9	important	important	ADJ
fsr-3186	43	10	aspect	aspect	NOUN
fsr-3186	43	11	of	of	ADP
fsr-3186	43	12	the	the	DET
fsr-3186	43	13	incubation	incubation	NOUN
fsr-3186	43	14	process	process	NOUN
fsr-3186	43	15	.	.	PUNCT
fsr-3186	44	1	to	to	PART
fsr-3186	44	2	attract	attract	VERB
fsr-3186	44	3	investors	investor	NOUN
fsr-3186	44	4	,	,	PUNCT
fsr-3186	44	5	mutual	mutual	ADJ
fsr-3186	44	6	fund	fund	NOUN
fsr-3186	44	7	companies	company	NOUN
fsr-3186	44	8	must	must	AUX
fsr-3186	44	9	launch	launch	VERB
fsr-3186	44	10	their	their	PRON
fsr-3186	44	11	incubated	incubate	VERB
fsr-3186	44	12	funds	fund	NOUN
fsr-3186	44	13	once	once	SCONJ
fsr-3186	44	14	they	they	PRON
fsr-3186	44	15	have	have	AUX
fsr-3186	44	16	achieved	achieve	VERB
fsr-3186	44	17	returns	return	NOUN
fsr-3186	44	18	for	for	ADP
fsr-3186	44	19	a	a	DET
fsr-3186	44	20	particular	particular	ADJ
fsr-3186	44	21	period	period	NOUN
fsr-3186	44	22	of	of	ADP
fsr-3186	44	23	time	time	NOUN
fsr-3186	44	24	.	.	PUNCT
fsr-3186	45	1	garavito	garavito	PROPN
fsr-3186	45	2	(	(	PUNCT
fsr-3186	45	3	2008	2008	NUM
fsr-3186	45	4	)	)	PUNCT
fsr-3186	45	5	finds	find	VERB
fsr-3186	45	6	that	that	SCONJ
fsr-3186	45	7	mutual	mutual	ADJ
fsr-3186	45	8	fund	fund	NOUN
fsr-3186	45	9	companies	company	NOUN
fsr-3186	45	10	tend	tend	VERB
fsr-3186	45	11	to	to	PART
fsr-3186	45	12	launch	launch	VERB
fsr-3186	45	13	incubated	incubate	VERB
fsr-3186	45	14	funds	fund	NOUN
fsr-3186	45	15	when	when	SCONJ
fsr-3186	45	16	their	their	PRON
fsr-3186	45	17	returns	return	NOUN
fsr-3186	45	18	are	be	AUX
fsr-3186	45	19	above	above	ADP
fsr-3186	45	20	the	the	DET
fsr-3186	45	21	industry	industry	NOUN
fsr-3186	45	22	median	median	NOUN
fsr-3186	45	23	.	.	PUNCT
fsr-3186	46	1	the	the	DET
fsr-3186	46	2	incubation	incubation	NOUN
fsr-3186	46	3	process	process	NOUN
fsr-3186	46	4	can	can	AUX
fsr-3186	46	5	last	last	VERB
fsr-3186	46	6	from	from	ADP
fsr-3186	46	7	a	a	DET
fsr-3186	46	8	few	few	ADJ
fsr-3186	46	9	months	month	NOUN
fsr-3186	46	10	to	to	ADP
fsr-3186	46	11	several	several	ADJ
fsr-3186	46	12	years	year	NOUN
fsr-3186	46	13	.	.	PUNCT
fsr-3186	47	1	ultimately	ultimately	ADV
fsr-3186	47	2	,	,	PUNCT
fsr-3186	47	3	the	the	DET
fsr-3186	47	4	goal	goal	NOUN
fsr-3186	47	5	is	be	AUX
fsr-3186	47	6	to	to	PART
fsr-3186	47	7	launch	launch	VERB
fsr-3186	47	8	the	the	DET
fsr-3186	47	9	funds	fund	NOUN
fsr-3186	47	10	when	when	SCONJ
fsr-3186	47	11	returns	return	NOUN
fsr-3186	47	12	are	be	AUX
fsr-3186	47	13	high	high	ADJ
fsr-3186	47	14	enough	enough	ADV
fsr-3186	47	15	to	to	PART
fsr-3186	47	16	capitalize	capitalize	VERB
fsr-3186	47	17	on	on	ADP
fsr-3186	47	18	the	the	DET
fsr-3186	47	19	return	return	NOUN
fsr-3186	47	20	chasing	chase	VERB
fsr-3186	47	21	behavior	behavior	NOUN
fsr-3186	47	22	of	of	ADP
fsr-3186	47	23	investors	investor	NOUN
fsr-3186	47	24	.	.	PUNCT
fsr-3186	48	1	by	by	ADP
fsr-3186	48	2	creating	create	VERB
fsr-3186	48	3	several	several	ADJ
fsr-3186	48	4	funds	fund	NOUN
fsr-3186	48	5	,	,	PUNCT
fsr-3186	48	6	randomness	randomness	NOUN
fsr-3186	48	7	,	,	PUNCT
fsr-3186	48	8	luck	luck	NOUN
fsr-3186	48	9	,	,	PUNCT
fsr-3186	48	10	or	or	CCONJ
fsr-3186	48	11	both	both	PRON
fsr-3186	48	12	will	will	AUX
fsr-3186	48	13	lead	lead	VERB
fsr-3186	48	14	to	to	ADP
fsr-3186	48	15	one	one	NUM
fsr-3186	48	16	or	or	CCONJ
fsr-3186	48	17	few	few	ADJ
fsr-3186	48	18	funds	fund	NOUN
fsr-3186	48	19	posting	post	VERB
fsr-3186	48	20	superior	superior	ADJ
fsr-3186	48	21	returns	return	NOUN
fsr-3186	48	22	.	.	PUNCT
fsr-3186	49	1	by	by	ADP
fsr-3186	49	2	hiding	hide	VERB
fsr-3186	49	3	the	the	DET
fsr-3186	49	4	funds	fund	NOUN
fsr-3186	49	5	that	that	PRON
fsr-3186	49	6	did	do	AUX
fsr-3186	49	7	not	not	PART
fsr-3186	49	8	perform	perform	VERB
fsr-3186	49	9	well	well	ADV
fsr-3186	49	10	,	,	PUNCT
fsr-3186	49	11	investors	investor	NOUN
fsr-3186	49	12	are	be	AUX
fsr-3186	49	13	allowed	allow	VERB
fsr-3186	49	14	to	to	PART
fsr-3186	49	15	believe	believe	VERB
fsr-3186	49	16	that	that	SCONJ
fsr-3186	49	17	the	the	DET
fsr-3186	49	18	mutual	mutual	ADJ
fsr-3186	49	19	fund	fund	NOUN
fsr-3186	49	20	manager	manager	NOUN
fsr-3186	49	21	was	be	AUX
fsr-3186	49	22	indeed	indeed	ADV
fsr-3186	49	23	able	able	ADJ
fsr-3186	49	24	to	to	PART
fsr-3186	49	25	identify	identify	VERB
fsr-3186	49	26	underpriced	underpriced	ADJ
fsr-3186	49	27	securities	security	NOUN
fsr-3186	49	28	in	in	ADP
fsr-3186	49	29	the	the	DET
fsr-3186	49	30	market	market	NOUN
fsr-3186	49	31	.	.	PUNCT
fsr-3186	50	1	2.2	2.2	NUM
fsr-3186	50	2	.	.	PUNCT
fsr-3186	50	3	skewness	skewness	NOUN
fsr-3186	50	4	despite	despite	SCONJ
fsr-3186	50	5	the	the	DET
fsr-3186	50	6	empirical	empirical	ADJ
fsr-3186	50	7	evidence	evidence	NOUN
fsr-3186	50	8	showing	show	VERB
fsr-3186	50	9	that	that	SCONJ
fsr-3186	50	10	investors	investor	NOUN
fsr-3186	50	11	are	be	AUX
fsr-3186	50	12	better	well	ADJ
fsr-3186	50	13	off	off	ADP
fsr-3186	50	14	investing	invest	VERB
fsr-3186	50	15	in	in	ADP
fsr-3186	50	16	passively	passively	ADV
fsr-3186	50	17	managed	manage	VERB
fsr-3186	50	18	funds	fund	NOUN
fsr-3186	50	19	(	(	PUNCT
fsr-3186	50	20	carhart	carhart	NOUN
fsr-3186	50	21	,	,	PUNCT
fsr-3186	50	22	1997	1997	NUM
fsr-3186	50	23	;	;	PUNCT
fsr-3186	50	24	jensen	jensen	PROPN
fsr-3186	50	25	,	,	PUNCT
fsr-3186	50	26	1968	1968	NUM
fsr-3186	50	27	)	)	PUNCT
fsr-3186	50	28	,	,	PUNCT
fsr-3186	50	29	actively	actively	ADV
fsr-3186	50	30	managed	manage	VERB
fsr-3186	50	31	funds	fund	NOUN
fsr-3186	50	32	continue	continue	VERB
fsr-3186	50	33	to	to	PART
fsr-3186	50	34	thrive	thrive	VERB
fsr-3186	50	35	and	and	CCONJ
fsr-3186	50	36	attract	attract	VERB
fsr-3186	50	37	consumers	consumer	NOUN
fsr-3186	50	38	.	.	PUNCT
fsr-3186	51	1	the	the	DET
fsr-3186	51	2	demand	demand	NOUN
fsr-3186	51	3	investors	investor	NOUN
fsr-3186	51	4	have	have	VERB
fsr-3186	51	5	for	for	ADP
fsr-3186	51	6	actively	actively	ADV
fsr-3186	51	7	managed	manage	VERB
fsr-3186	51	8	mutual	mutual	ADJ
fsr-3186	51	9	funds	fund	NOUN
fsr-3186	51	10	may	may	AUX
fsr-3186	51	11	be	be	AUX
fsr-3186	51	12	attributed	attribute	VERB
fsr-3186	51	13	to	to	ADP
fsr-3186	51	14	a	a	DET
fsr-3186	51	15	preference	preference	NOUN
fsr-3186	51	16	for	for	ADP
fsr-3186	51	17	skewness	skewness	NOUN
fsr-3186	51	18	,	,	PUNCT
fsr-3186	51	19	or	or	CCONJ
fsr-3186	51	20	the	the	DET
fsr-3186	51	21	increased	increase	VERB
fsr-3186	51	22	likelihood	likelihood	NOUN
fsr-3186	51	23	of	of	ADP
fsr-3186	51	24	extreme	extreme	ADJ
fsr-3186	51	25	returns	return	NOUN
fsr-3186	51	26	.	.	PUNCT
fsr-3186	52	1	investor	investor	NOUN
fsr-3186	52	2	preference	preference	NOUN
fsr-3186	52	3	for	for	ADP
fsr-3186	52	4	skewness	skewness	NOUN
fsr-3186	52	5	is	be	AUX
fsr-3186	52	6	well	well	ADV
fsr-3186	52	7	documented	document	VERB
fsr-3186	52	8	within	within	ADP
fsr-3186	52	9	the	the	DET
fsr-3186	52	10	financial	financial	ADJ
fsr-3186	52	11	literature	literature	NOUN
fsr-3186	52	12	.	.	PUNCT
fsr-3186	53	1	in	in	ADP
fsr-3186	53	2	his	his	PRON
fsr-3186	53	3	seminal	seminal	ADJ
fsr-3186	53	4	article	article	NOUN
fsr-3186	53	5	,	,	PUNCT
fsr-3186	53	6	arditti	arditti	VERB
fsr-3186	53	7	(	(	PUNCT
fsr-3186	53	8	1967	1967	NUM
fsr-3186	53	9	)	)	PUNCT
fsr-3186	53	10	demonstrates	demonstrate	VERB
fsr-3186	53	11	that	that	SCONJ
fsr-3186	53	12	investors	investor	NOUN
fsr-3186	53	13	prefer	prefer	VERB
fsr-3186	53	14	positive	positive	ADJ
fsr-3186	53	15	skewness	skewness	NOUN
fsr-3186	53	16	in	in	ADP
fsr-3186	53	17	the	the	DET
fsr-3186	53	18	return	return	NOUN
fsr-3186	53	19	distribution	distribution	NOUN
fsr-3186	53	20	.	.	PUNCT
fsr-3186	54	1	he	he	PRON
fsr-3186	54	2	maintains	maintain	VERB
fsr-3186	54	3	that	that	SCONJ
fsr-3186	54	4	an	an	DET
fsr-3186	54	5	investor	investor	NOUN
fsr-3186	54	6	who	who	PRON
fsr-3186	54	7	has	have	VERB
fsr-3186	54	8	a	a	DET
fsr-3186	54	9	decreasing	decrease	VERB
fsr-3186	54	10	absolute	absolute	ADJ
fsr-3186	54	11	risk	risk	NOUN
fsr-3186	54	12	aversion	aversion	NOUN
fsr-3186	54	13	forgoes	forgo	VERB
fsr-3186	54	14	an	an	DET
fsr-3186	54	15	expected	expected	ADJ
fsr-3186	54	16	portfolio	portfolio	NOUN
fsr-3186	54	17	return	return	NOUN
fsr-3186	54	18	to	to	PART
fsr-3186	54	19	benefit	benefit	VERB
fsr-3186	54	20	from	from	ADP
fsr-3186	54	21	skewness	skewness	NOUN
fsr-3186	54	22	.	.	PUNCT
fsr-3186	55	1	similarly	similarly	ADV
fsr-3186	55	2	,	,	PUNCT
fsr-3186	55	3	harvey	harvey	NOUN
fsr-3186	55	4	and	and	CCONJ
fsr-3186	55	5	siddique	siddique	NOUN
fsr-3186	55	6	(	(	PUNCT
fsr-3186	55	7	2000	2000	NUM
fsr-3186	55	8	)	)	PUNCT
fsr-3186	55	9	advocate	advocate	NOUN
fsr-3186	55	10	that	that	SCONJ
fsr-3186	55	11	investors	investor	NOUN
fsr-3186	55	12	should	should	AUX
fsr-3186	55	13	prefer	prefer	VERB
fsr-3186	55	14	portfolios	portfolio	NOUN
fsr-3186	55	15	that	that	PRON
fsr-3186	55	16	are	be	AUX
fsr-3186	55	17	right	right	ADV
fsr-3186	55	18	-	-	PUNCT
fsr-3186	55	19	skewed	skewed	ADJ
fsr-3186	55	20	instead	instead	ADV
fsr-3186	55	21	of	of	ADP
fsr-3186	55	22	those	those	PRON
fsr-3186	55	23	that	that	PRON
fsr-3186	55	24	are	be	AUX
fsr-3186	55	25	left	leave	VERB
fsr-3186	55	26	-	-	PUNCT
fsr-3186	55	27	skewed	skewed	ADJ
fsr-3186	55	28	.	.	PUNCT
fsr-3186	56	1	thus	thus	ADV
fsr-3186	56	2	,	,	PUNCT
fsr-3186	56	3	assets	asset	NOUN
fsr-3186	56	4	that	that	PRON
fsr-3186	56	5	decrease	decrease	VERB
fsr-3186	56	6	a	a	DET
fsr-3186	56	7	portfolio	portfolio	NOUN
fsr-3186	56	8	’s	’s	PART
fsr-3186	56	9	skewness	skewness	NOUN
fsr-3186	56	10	are	be	AUX
fsr-3186	56	11	less	less	ADV
fsr-3186	56	12	desirable	desirable	ADJ
fsr-3186	56	13	and	and	CCONJ
fsr-3186	56	14	should	should	AUX
fsr-3186	56	15	require	require	VERB
fsr-3186	56	16	higher	high	ADJ
fsr-3186	56	17	expected	expect	VERB
fsr-3186	56	18	returns	return	NOUN
fsr-3186	56	19	.	.	PUNCT
fsr-3186	57	1	kraus	kraus	PROPN
fsr-3186	57	2	and	and	CCONJ
fsr-3186	57	3	litzenberger	litzenberger	NOUN
fsr-3186	57	4	(	(	PUNCT
fsr-3186	57	5	1976	1976	NUM
fsr-3186	57	6	)	)	PUNCT
fsr-3186	57	7	discover	discover	VERB
fsr-3186	57	8	that	that	SCONJ
fsr-3186	57	9	investors	investor	NOUN
fsr-3186	57	10	are	be	AUX
fsr-3186	57	11	averse	averse	ADJ
fsr-3186	57	12	to	to	PART
fsr-3186	57	13	variance	variance	VERB
fsr-3186	57	14	,	,	PUNCT
fsr-3186	57	15	however	however	ADV
fsr-3186	57	16	,	,	PUNCT
fsr-3186	57	17	they	they	PRON
fsr-3186	57	18	have	have	VERB
fsr-3186	57	19	a	a	DET
fsr-3186	57	20	preference	preference	NOUN
fsr-3186	57	21	for	for	ADP
fsr-3186	57	22	skewness	skewness	NOUN
fsr-3186	57	23	.	.	PUNCT
fsr-3186	58	1	likewise	likewise	ADV
fsr-3186	58	2	,	,	PUNCT
fsr-3186	58	3	kumar	kumar	PROPN
fsr-3186	58	4	(	(	PUNCT
fsr-3186	58	5	2009	2009	NUM
fsr-3186	58	6	)	)	PUNCT
fsr-3186	58	7	finds	find	VERB
fsr-3186	58	8	that	that	SCONJ
fsr-3186	58	9	most	most	ADJ
fsr-3186	58	10	individual	individual	ADJ
fsr-3186	58	11	investors	investor	NOUN
fsr-3186	58	12	demand	demand	VERB
fsr-3186	58	13	lottery	lottery	NOUN
fsr-3186	58	14	type	type	NOUN
fsr-3186	58	15	stocks	stock	NOUN
fsr-3186	58	16	during	during	ADP
fsr-3186	58	17	poor	poor	ADJ
fsr-3186	58	18	economic	economic	ADJ
fsr-3186	58	19	periods	period	NOUN
fsr-3186	58	20	and	and	CCONJ
fsr-3186	58	21	invest	invest	VERB
fsr-3186	58	22	disproportionately	disproportionately	ADV
fsr-3186	58	23	more	more	ADJ
fsr-3186	58	24	in	in	ADP
fsr-3186	58	25	stocks	stock	NOUN
fsr-3186	58	26	that	that	PRON
fsr-3186	58	27	display	display	VERB
fsr-3186	58	28	a	a	DET
fsr-3186	58	29	higher	high	ADJ
fsr-3186	58	30	skewness	skewness	NOUN
fsr-3186	58	31	.	.	PUNCT
fsr-3186	59	1	barberis	barberis	PROPN
fsr-3186	59	2	and	and	CCONJ
fsr-3186	59	3	huang	huang	PROPN
fsr-3186	59	4	(	(	PUNCT
fsr-3186	59	5	2007	2007	NUM
fsr-3186	59	6	)	)	PUNCT
fsr-3186	59	7	imply	imply	VERB
fsr-3186	59	8	that	that	SCONJ
fsr-3186	59	9	some	some	DET
fsr-3186	59	10	investors	investor	NOUN
fsr-3186	59	11	prefer	prefer	VERB
fsr-3186	59	12	skewness	skewness	NOUN
fsr-3186	59	13	because	because	SCONJ
fsr-3186	59	14	it	it	PRON
fsr-3186	59	15	enables	enable	VERB
fsr-3186	59	16	them	they	PRON
fsr-3186	59	17	to	to	PART
fsr-3186	59	18	have	have	VERB
fsr-3186	59	19	a	a	DET
fsr-3186	59	20	more	more	ADJ
fsr-3186	59	21	lottery	lottery	NOUN
fsr-3186	59	22	-	-	PUNCT
fsr-3186	59	23	like	like	ADJ
fsr-3186	59	24	wealth	wealth	NOUN
fsr-3186	59	25	distribution	distribution	NOUN
fsr-3186	59	26	.	.	PUNCT
fsr-3186	60	1	investor	investor	NOUN
fsr-3186	60	2	preference	preference	NOUN
fsr-3186	60	3	for	for	ADP
fsr-3186	60	4	skewness	skewness	NOUN
fsr-3186	60	5	can	can	AUX
fsr-3186	60	6	be	be	AUX
fsr-3186	60	7	better	well	ADV
fsr-3186	60	8	understood	understand	VERB
fsr-3186	60	9	with	with	ADP
fsr-3186	60	10	the	the	DET
fsr-3186	60	11	aid	aid	NOUN
fsr-3186	60	12	of	of	ADP
fsr-3186	60	13	cumulative	cumulative	ADJ
fsr-3186	60	14	prospect	prospect	NOUN
fsr-3186	60	15	theory	theory	NOUN
fsr-3186	60	16	(	(	PUNCT
fsr-3186	60	17	cpt	cpt	PROPN
fsr-3186	60	18	)	)	PUNCT
fsr-3186	60	19	.	.	PUNCT
fsr-3186	61	1	under	under	ADP
fsr-3186	61	2	cpt	cpt	PROPN
fsr-3186	61	3	(	(	PUNCT
fsr-3186	61	4	tversky	tversky	NOUN
fsr-3186	61	5	and	and	CCONJ
fsr-3186	61	6	kahneman	kahneman	NOUN
fsr-3186	61	7	,	,	PUNCT
fsr-3186	61	8	1992	1992	NUM
fsr-3186	61	9	)	)	PUNCT
fsr-3186	61	10	investors	investor	NOUN
fsr-3186	61	11	have	have	VERB
fsr-3186	61	12	a	a	DET
fsr-3186	61	13	tendency	tendency	NOUN
fsr-3186	61	14	to	to	PART
fsr-3186	61	15	overweight	overweight	VERB
fsr-3186	61	16	small	small	ADJ
fsr-3186	61	17	probabilities	probability	NOUN
fsr-3186	61	18	making	make	VERB
fsr-3186	61	19	highly	highly	ADV
fsr-3186	61	20	skewed	skewed	ADJ
fsr-3186	61	21	instruments	instrument	NOUN
fsr-3186	61	22	more	more	ADV
fsr-3186	61	23	attractive	attractive	ADJ
fsr-3186	61	24	.	.	PUNCT
fsr-3186	62	1	by	by	ADP
fsr-3186	62	2	overweighting	overweighte	VERB
fsr-3186	62	3	the	the	DET
fsr-3186	62	4	tails	tail	NOUN
fsr-3186	62	5	of	of	ADP
fsr-3186	62	6	a	a	DET
fsr-3186	62	7	distribution	distribution	NOUN
fsr-3186	62	8	,	,	PUNCT
fsr-3186	62	9	a	a	DET
fsr-3186	62	10	mutual	mutual	ADJ
fsr-3186	62	11	fund	fund	NOUN
fsr-3186	62	12	that	that	PRON
fsr-3186	62	13	exhibits	exhibit	VERB
fsr-3186	62	14	positively	positively	ADV
fsr-3186	62	15	skewed	skewed	ADJ
fsr-3186	62	16	performance	performance	NOUN
fsr-3186	62	17	might	might	AUX
fsr-3186	62	18	appear	appear	VERB
fsr-3186	62	19	to	to	PART
fsr-3186	62	20	be	be	AUX
fsr-3186	62	21	more	more	ADV
fsr-3186	62	22	desirable	desirable	ADJ
fsr-3186	62	23	.	.	PUNCT
fsr-3186	63	1	as	as	ADP
fsr-3186	63	2	a	a	DET
fsr-3186	63	3	result	result	NOUN
fsr-3186	63	4	,	,	PUNCT
fsr-3186	63	5	their	their	PRON
fsr-3186	63	6	returns	return	NOUN
fsr-3186	63	7	become	become	VERB
fsr-3186	63	8	more	more	ADJ
fsr-3186	63	9	lottery	lottery	NOUN
fsr-3186	63	10	-	-	PUNCT
fsr-3186	63	11	like	like	ADJ
fsr-3186	63	12	,	,	PUNCT
fsr-3186	63	13	gaining	gain	VERB
fsr-3186	63	14	investors	investor	NOUN
fsr-3186	63	15	attention	attention	NOUN
fsr-3186	63	16	because	because	SCONJ
fsr-3186	63	17	they	they	PRON
fsr-3186	63	18	offer	offer	VERB
fsr-3186	63	19	a	a	DET
fsr-3186	63	20	small	small	ADJ
fsr-3186	63	21	probability	probability	NOUN
fsr-3186	63	22	of	of	ADP
fsr-3186	63	23	winning	win	VERB
fsr-3186	63	24	with	with	ADP
fsr-3186	63	25	an	an	DET
fsr-3186	63	26	especially	especially	ADV
fsr-3186	63	27	high	high	ADJ
fsr-3186	63	28	reward	reward	NOUN
fsr-3186	63	29	.	.	PUNCT
fsr-3186	64	1	incubated	incubate	VERB
fsr-3186	64	2	mutual	mutual	ADJ
fsr-3186	64	3	funds	fund	NOUN
fsr-3186	64	4	with	with	ADP
fsr-3186	64	5	a	a	DET
fsr-3186	64	6	track	track	NOUN
fsr-3186	64	7	record	record	NOUN
fsr-3186	64	8	of	of	ADP
fsr-3186	64	9	high	high	ADJ
fsr-3186	64	10	returns	return	NOUN
fsr-3186	64	11	create	create	VERB
fsr-3186	64	12	the	the	DET
fsr-3186	64	13	illusion	illusion	NOUN
fsr-3186	64	14	that	that	SCONJ
fsr-3186	64	15	the	the	DET
fsr-3186	64	16	fund	fund	NOUN
fsr-3186	64	17	may	may	AUX
fsr-3186	64	18	produce	produce	VERB
fsr-3186	64	19	high	high	ADJ
fsr-3186	64	20	positive	positive	ADJ
fsr-3186	64	21	returns	return	NOUN
fsr-3186	64	22	in	in	ADP
fsr-3186	64	23	the	the	DET
fsr-3186	64	24	future	future	NOUN
fsr-3186	64	25	.	.	PUNCT
fsr-3186	65	1	this	this	DET
fsr-3186	65	2	perception	perception	NOUN
fsr-3186	65	3	of	of	ADP
fsr-3186	65	4	lottery	lottery	NOUN
fsr-3186	65	5	-	-	PUNCT
fsr-3186	65	6	like	like	ADJ
fsr-3186	65	7	characteristics	characteristic	NOUN
fsr-3186	65	8	can	can	AUX
fsr-3186	65	9	make	make	VERB
fsr-3186	65	10	a	a	DET
fsr-3186	65	11	mutual	mutual	ADJ
fsr-3186	65	12	fund	fund	NOUN
fsr-3186	65	13	more	more	ADV
fsr-3186	65	14	attractive	attractive	ADJ
fsr-3186	65	15	and	and	CCONJ
fsr-3186	65	16	provide	provide	VERB
fsr-3186	65	17	65p	65p	NOUN
fsr-3186	65	18	.	.	PUNCT
fsr-3186	66	1	gibson	gibson	PROPN
fsr-3186	66	2	,	,	PUNCT
fsr-3186	66	3	m.	m.	NOUN
fsr-3186	66	4	finke	finke	PROPN
fsr-3186	66	5	/	/	SYM
fsr-3186	66	6	financial	financial	ADJ
fsr-3186	66	7	services	service	NOUN
fsr-3186	66	8	review	review	VERB
fsr-3186	66	9	23	23	NUM
fsr-3186	66	10	(	(	PUNCT
fsr-3186	66	11	2014	2014	NUM
fsr-3186	66	12	)	)	PUNCT
fsr-3186	66	13	63–75	63–75	NOUN
fsr-3186	67	1	an	an	DET
fsr-3186	67	2	incentive	incentive	NOUN
fsr-3186	67	3	for	for	SCONJ
fsr-3186	67	4	fund	fund	NOUN
fsr-3186	67	5	families	family	NOUN
fsr-3186	67	6	to	to	PART
fsr-3186	67	7	select	select	VERB
fsr-3186	67	8	highly	highly	ADV
fsr-3186	67	9	skewed	skewed	ADJ
fsr-3186	67	10	securities	security	NOUN
fsr-3186	67	11	during	during	ADP
fsr-3186	67	12	the	the	DET
fsr-3186	67	13	incubation	incubation	NOUN
fsr-3186	67	14	process	process	NOUN
fsr-3186	67	15	.	.	PUNCT
fsr-3186	68	1	3	3	X
fsr-3186	68	2	.	.	X
fsr-3186	68	3	hypothesis	hypothesis	NOUN
fsr-3186	68	4	the	the	DET
fsr-3186	68	5	incubation	incubation	NOUN
fsr-3186	68	6	process	process	NOUN
fsr-3186	68	7	allows	allow	VERB
fsr-3186	68	8	a	a	DET
fsr-3186	68	9	mutual	mutual	ADJ
fsr-3186	68	10	fund	fund	NOUN
fsr-3186	68	11	company	company	NOUN
fsr-3186	68	12	to	to	PART
fsr-3186	68	13	select	select	VERB
fsr-3186	68	14	high	high	ADJ
fsr-3186	68	15	performing	performing	NOUN
fsr-3186	68	16	funds	fund	NOUN
fsr-3186	68	17	to	to	PART
fsr-3186	68	18	promote	promote	VERB
fsr-3186	68	19	to	to	ADP
fsr-3186	68	20	consumers	consumer	NOUN
fsr-3186	68	21	.	.	PUNCT
fsr-3186	69	1	they	they	PRON
fsr-3186	69	2	have	have	VERB
fsr-3186	69	3	an	an	DET
fsr-3186	69	4	incentive	incentive	NOUN
fsr-3186	69	5	to	to	PART
fsr-3186	69	6	select	select	VERB
fsr-3186	69	7	securities	security	NOUN
fsr-3186	69	8	within	within	ADP
fsr-3186	69	9	these	these	DET
fsr-3186	69	10	funds	fund	NOUN
fsr-3186	69	11	that	that	PRON
fsr-3186	69	12	exhibit	exhibit	VERB
fsr-3186	69	13	positively	positively	ADV
fsr-3186	69	14	skewed	skewed	ADJ
fsr-3186	69	15	returns	return	NOUN
fsr-3186	69	16	to	to	PART
fsr-3186	69	17	attract	attract	VERB
fsr-3186	69	18	investors	investor	NOUN
fsr-3186	69	19	seeking	seek	VERB
fsr-3186	69	20	high	high	ADJ
fsr-3186	69	21	recent	recent	ADJ
fsr-3186	69	22	returns	return	NOUN
fsr-3186	69	23	.	.	PUNCT
fsr-3186	70	1	given	give	VERB
fsr-3186	70	2	the	the	DET
fsr-3186	70	3	non	non	ADJ
fsr-3186	70	4	-	-	ADJ
fsr-3186	70	5	linear	linear	ADJ
fsr-3186	70	6	relationship	relationship	NOUN
fsr-3186	70	7	between	between	ADP
fsr-3186	70	8	net	net	ADJ
fsr-3186	70	9	investor	investor	NOUN
fsr-3186	70	10	cash	cash	NOUN
fsr-3186	70	11	flow	flow	NOUN
fsr-3186	70	12	and	and	CCONJ
fsr-3186	70	13	performance	performance	NOUN
fsr-3186	70	14	,	,	PUNCT
fsr-3186	70	15	companies	company	NOUN
fsr-3186	70	16	gain	gain	VERB
fsr-3186	70	17	more	more	ADV
fsr-3186	70	18	from	from	ADP
fsr-3186	70	19	promoting	promote	VERB
fsr-3186	70	20	funds	fund	NOUN
fsr-3186	70	21	with	with	ADP
fsr-3186	70	22	greater	great	ADJ
fsr-3186	70	23	skewness	skewness	NOUN
fsr-3186	70	24	.	.	PUNCT
fsr-3186	71	1	we	we	PRON
fsr-3186	71	2	hypothesize	hypothesize	VERB
fsr-3186	71	3	that	that	SCONJ
fsr-3186	71	4	at	at	ADP
fsr-3186	71	5	inception	inception	ADJ
fsr-3186	71	6	incubated	incubate	VERB
fsr-3186	71	7	funds	fund	NOUN
fsr-3186	71	8	that	that	PRON
fsr-3186	71	9	are	be	AUX
fsr-3186	71	10	most	most	ADV
fsr-3186	71	11	skewed	skewed	ADJ
fsr-3186	71	12	will	will	AUX
fsr-3186	71	13	receive	receive	VERB
fsr-3186	71	14	a	a	DET
fsr-3186	71	15	higher	high	ADJ
fsr-3186	71	16	inflow	inflow	NOUN
fsr-3186	71	17	of	of	ADP
fsr-3186	71	18	cash	cash	NOUN
fsr-3186	71	19	relative	relative	ADJ
fsr-3186	71	20	to	to	ADP
fsr-3186	71	21	other	other	ADJ
fsr-3186	71	22	funds	fund	NOUN
fsr-3186	71	23	.	.	PUNCT
fsr-3186	72	1	4	4	X
fsr-3186	72	2	.	.	X
fsr-3186	72	3	data	data	VERB
fsr-3186	72	4	the	the	DET
fsr-3186	72	5	source	source	NOUN
fsr-3186	72	6	of	of	ADP
fsr-3186	72	7	the	the	DET
fsr-3186	72	8	equity	equity	NOUN
fsr-3186	72	9	mutual	mutual	ADJ
fsr-3186	72	10	fund	fund	NOUN
fsr-3186	72	11	data	datum	NOUN
fsr-3186	72	12	comes	come	VERB
fsr-3186	72	13	directly	directly	ADV
fsr-3186	72	14	from	from	ADP
fsr-3186	72	15	morningstar	morningstar	PROPN
fsr-3186	72	16	direct	direct	PROPN
fsr-3186	72	17	and	and	CCONJ
fsr-3186	72	18	the	the	DET
fsr-3186	72	19	national	national	PROPN
fsr-3186	72	20	association	association	PROPN
fsr-3186	72	21	of	of	ADP
fsr-3186	72	22	securities	security	NOUN
fsr-3186	72	23	dealer	dealer	NOUN
fsr-3186	72	24	(	(	PUNCT
fsr-3186	72	25	nasd	nasd	NOUN
fsr-3186	72	26	)	)	PUNCT
fsr-3186	72	27	ticker	ticker	NOUN
fsr-3186	72	28	creation	creation	NOUN
fsr-3186	72	29	date	date	NOUN
fsr-3186	72	30	data.1	data.1	PROPN
fsr-3186	72	31	morningstar	morningstar	PROPN
fsr-3186	72	32	direct	direct	ADJ
fsr-3186	72	33	reports	report	NOUN
fsr-3186	72	34	historical	historical	ADJ
fsr-3186	72	35	net	net	ADJ
fsr-3186	72	36	asset	asset	NOUN
fsr-3186	72	37	values	value	NOUN
fsr-3186	72	38	,	,	PUNCT
fsr-3186	72	39	cash	cash	NOUN
fsr-3186	72	40	flow	flow	NOUN
fsr-3186	72	41	,	,	PUNCT
fsr-3186	72	42	expense	expense	NOUN
fsr-3186	72	43	ratios	ratio	NOUN
fsr-3186	72	44	,	,	PUNCT
fsr-3186	72	45	and	and	CCONJ
fsr-3186	72	46	return	return	VERB
fsr-3186	72	47	data	datum	NOUN
fsr-3186	72	48	for	for	ADP
fsr-3186	72	49	live	live	ADJ
fsr-3186	72	50	and	and	CCONJ
fsr-3186	72	51	defunct	defunct	ADJ
fsr-3186	72	52	mutual	mutual	ADJ
fsr-3186	72	53	funds	fund	NOUN
fsr-3186	72	54	.	.	PUNCT
fsr-3186	73	1	a	a	DET
fsr-3186	73	2	sample	sample	NOUN
fsr-3186	73	3	of	of	ADP
fsr-3186	73	4	equity	equity	NOUN
fsr-3186	73	5	funds	fund	NOUN
fsr-3186	73	6	from	from	ADP
fsr-3186	73	7	the	the	DET
fsr-3186	73	8	united	united	PROPN
fsr-3186	73	9	states	states	PROPN
fsr-3186	73	10	is	be	AUX
fsr-3186	73	11	collected	collect	VERB
fsr-3186	73	12	.	.	PUNCT
fsr-3186	74	1	following	follow	VERB
fsr-3186	74	2	evans	evans	PROPN
fsr-3186	74	3	(	(	PUNCT
fsr-3186	74	4	2010	2010	NUM
fsr-3186	74	5	)	)	PUNCT
fsr-3186	74	6	,	,	PUNCT
fsr-3186	74	7	only	only	ADV
fsr-3186	74	8	funds	fund	NOUN
fsr-3186	74	9	that	that	PRON
fsr-3186	74	10	have	have	VERB
fsr-3186	74	11	an	an	DET
fsr-3186	74	12	inception	inception	NOUN
fsr-3186	74	13	date	date	NOUN
fsr-3186	74	14	greater	great	ADJ
fsr-3186	74	15	than	than	ADP
fsr-3186	74	16	or	or	CCONJ
fsr-3186	74	17	equal	equal	ADJ
fsr-3186	74	18	to	to	ADP
fsr-3186	74	19	january	january	PROPN
fsr-3186	74	20	1	1	NUM
fsr-3186	74	21	,	,	PUNCT
fsr-3186	74	22	1996	1996	NUM
fsr-3186	74	23	is	be	AUX
fsr-3186	74	24	included	include	VERB
fsr-3186	74	25	in	in	ADP
fsr-3186	74	26	the	the	DET
fsr-3186	74	27	sample	sample	NOUN
fsr-3186	74	28	.	.	PUNCT
fsr-3186	75	1	this	this	PRON
fsr-3186	75	2	allows	allow	VERB
fsr-3186	75	3	funds	fund	NOUN
fsr-3186	75	4	at	at	ADP
fsr-3186	75	5	the	the	DET
fsr-3186	75	6	beginning	beginning	NOUN
fsr-3186	75	7	of	of	ADP
fsr-3186	75	8	the	the	DET
fsr-3186	75	9	sample	sample	NOUN
fsr-3186	75	10	to	to	PART
fsr-3186	75	11	be	be	AUX
fsr-3186	75	12	incubated	incubate	VERB
fsr-3186	75	13	for	for	ADP
fsr-3186	75	14	a	a	DET
fsr-3186	75	15	minimum	minimum	NOUN
fsr-3186	75	16	of	of	ADP
fsr-3186	75	17	three	three	NUM
fsr-3186	75	18	years	year	NOUN
fsr-3186	75	19	since	since	SCONJ
fsr-3186	75	20	the	the	DET
fsr-3186	75	21	ticker	ticker	NOUN
fsr-3186	75	22	creation	creation	NOUN
fsr-3186	75	23	date	date	NOUN
fsr-3186	75	24	data	datum	NOUN
fsr-3186	75	25	begins	begin	VERB
fsr-3186	75	26	in	in	ADP
fsr-3186	75	27	january	january	PROPN
fsr-3186	75	28	1999	1999	NUM
fsr-3186	75	29	.	.	PUNCT
fsr-3186	76	1	to	to	PART
fsr-3186	76	2	determine	determine	VERB
fsr-3186	76	3	which	which	DET
fsr-3186	76	4	mutual	mutual	ADJ
fsr-3186	76	5	funds	fund	NOUN
fsr-3186	76	6	were	be	AUX
fsr-3186	76	7	incubated	incubate	VERB
fsr-3186	76	8	we	we	PRON
fsr-3186	76	9	merge	merge	VERB
fsr-3186	76	10	the	the	DET
fsr-3186	76	11	data	datum	NOUN
fsr-3186	76	12	from	from	ADP
fsr-3186	76	13	morningstar	morningstar	PROPN
fsr-3186	76	14	direct	direct	ADJ
fsr-3186	76	15	with	with	ADP
fsr-3186	76	16	the	the	DET
fsr-3186	76	17	nasd	nasd	NOUN
fsr-3186	76	18	creation	creation	NOUN
fsr-3186	76	19	date	date	NOUN
fsr-3186	76	20	data	datum	NOUN
fsr-3186	76	21	by	by	ADP
fsr-3186	76	22	the	the	DET
fsr-3186	76	23	ticker	ticker	NOUN
fsr-3186	76	24	assigned	assign	VERB
fsr-3186	76	25	to	to	ADP
fsr-3186	76	26	each	each	DET
fsr-3186	76	27	share	share	NOUN
fsr-3186	76	28	class	class	NOUN
fsr-3186	76	29	.	.	PUNCT
fsr-3186	77	1	the	the	DET
fsr-3186	77	2	ticker	ticker	PROPN
fsr-3186	77	3	creation	creation	NOUN
fsr-3186	77	4	date	date	NOUN
fsr-3186	77	5	is	be	AUX
fsr-3186	77	6	the	the	DET
fsr-3186	77	7	date	date	NOUN
fsr-3186	77	8	a	a	DET
fsr-3186	77	9	ticker	ticker	NOUN
fsr-3186	77	10	was	be	AUX
fsr-3186	77	11	assigned	assign	VERB
fsr-3186	77	12	to	to	ADP
fsr-3186	77	13	a	a	DET
fsr-3186	77	14	particular	particular	ADJ
fsr-3186	77	15	fund	fund	NOUN
fsr-3186	77	16	.	.	PUNCT
fsr-3186	78	1	excluded	exclude	VERB
fsr-3186	78	2	from	from	ADP
fsr-3186	78	3	the	the	DET
fsr-3186	78	4	sample	sample	NOUN
fsr-3186	78	5	are	be	AUX
fsr-3186	78	6	indexed	index	VERB
fsr-3186	78	7	funds	fund	NOUN
fsr-3186	78	8	,	,	PUNCT
fsr-3186	78	9	foreign	foreign	ADJ
fsr-3186	78	10	mutual	mutual	ADJ
fsr-3186	78	11	funds	fund	NOUN
fsr-3186	78	12	,	,	PUNCT
fsr-3186	78	13	sector	sector	NOUN
fsr-3186	78	14	funds	fund	NOUN
fsr-3186	78	15	,	,	PUNCT
fsr-3186	78	16	closed	close	VERB
fsr-3186	78	17	-	-	PUNCT
fsr-3186	78	18	end	end	NOUN
fsr-3186	78	19	funds	fund	NOUN
fsr-3186	78	20	,	,	PUNCT
fsr-3186	78	21	specialized	specialized	ADJ
fsr-3186	78	22	funds	fund	NOUN
fsr-3186	78	23	,	,	PUNCT
fsr-3186	78	24	institutional	institutional	ADJ
fsr-3186	78	25	funds	fund	NOUN
fsr-3186	78	26	,	,	PUNCT
fsr-3186	78	27	and	and	CCONJ
fsr-3186	78	28	funds	fund	NOUN
fsr-3186	78	29	with	with	ADP
fsr-3186	78	30	less	less	ADJ
fsr-3186	78	31	than	than	ADP
fsr-3186	78	32	30	30	NUM
fsr-3186	78	33	months	month	NOUN
fsr-3186	78	34	of	of	ADP
fsr-3186	78	35	return	return	NOUN
fsr-3186	78	36	data	datum	NOUN
fsr-3186	78	37	.	.	PUNCT
fsr-3186	79	1	this	this	PRON
fsr-3186	79	2	brings	bring	VERB
fsr-3186	79	3	the	the	DET
fsr-3186	79	4	final	final	ADJ
fsr-3186	79	5	sample	sample	NOUN
fsr-3186	79	6	of	of	ADP
fsr-3186	79	7	funds	fund	NOUN
fsr-3186	79	8	to	to	ADP
fsr-3186	79	9	1,698	1,698	NUM
fsr-3186	79	10	.	.	PUNCT
fsr-3186	80	1	the	the	DET
fsr-3186	80	2	sample	sample	NOUN
fsr-3186	80	3	is	be	AUX
fsr-3186	80	4	free	free	ADJ
fsr-3186	80	5	of	of	ADP
fsr-3186	80	6	survivorship	survivorship	NOUN
fsr-3186	80	7	bias	bias	NOUN
fsr-3186	80	8	as	as	SCONJ
fsr-3186	80	9	it	it	PRON
fsr-3186	80	10	includes	include	VERB
fsr-3186	80	11	both	both	DET
fsr-3186	80	12	funds	fund	NOUN
fsr-3186	80	13	that	that	PRON
fsr-3186	80	14	are	be	AUX
fsr-3186	80	15	extinct	extinct	ADJ
fsr-3186	80	16	and	and	CCONJ
fsr-3186	80	17	funds	fund	NOUN
fsr-3186	80	18	that	that	PRON
fsr-3186	80	19	are	be	AUX
fsr-3186	80	20	currently	currently	ADV
fsr-3186	80	21	active	active	ADJ
fsr-3186	80	22	.	.	PUNCT
fsr-3186	81	1	given	give	VERB
fsr-3186	81	2	that	that	DET
fsr-3186	81	3	different	different	ADJ
fsr-3186	81	4	share	share	NOUN
fsr-3186	81	5	classes	class	NOUN
fsr-3186	81	6	of	of	ADP
fsr-3186	81	7	a	a	DET
fsr-3186	81	8	fund	fund	NOUN
fsr-3186	81	9	have	have	VERB
fsr-3186	81	10	claims	claim	NOUN
fsr-3186	81	11	to	to	ADP
fsr-3186	81	12	the	the	DET
fsr-3186	81	13	same	same	ADJ
fsr-3186	81	14	underlying	underlie	VERB
fsr-3186	81	15	portfolio	portfolio	NOUN
fsr-3186	81	16	and	and	CCONJ
fsr-3186	81	17	they	they	PRON
fsr-3186	81	18	do	do	AUX
fsr-3186	81	19	not	not	PART
fsr-3186	81	20	differ	differ	VERB
fsr-3186	81	21	in	in	ADP
fsr-3186	81	22	trades	trade	NOUN
fsr-3186	81	23	or	or	CCONJ
fsr-3186	81	24	investment	investment	NOUN
fsr-3186	81	25	holdings	holding	NOUN
fsr-3186	81	26	,	,	PUNCT
fsr-3186	81	27	we	we	PRON
fsr-3186	81	28	combine	combine	VERB
fsr-3186	81	29	monthly	monthly	ADJ
fsr-3186	81	30	total	total	ADJ
fsr-3186	81	31	net	net	ADJ
fsr-3186	81	32	assets	asset	NOUN
fsr-3186	81	33	across	across	ADP
fsr-3186	81	34	all	all	DET
fsr-3186	81	35	shares	share	NOUN
fsr-3186	81	36	for	for	ADP
fsr-3186	81	37	each	each	DET
fsr-3186	81	38	fund	fund	NOUN
fsr-3186	81	39	,	,	PUNCT
fsr-3186	81	40	and	and	CCONJ
fsr-3186	81	41	the	the	DET
fsr-3186	81	42	mutual	mutual	ADJ
fsr-3186	81	43	funds	fund	NOUN
fsr-3186	81	44	returns	return	NOUN
fsr-3186	81	45	and	and	CCONJ
fsr-3186	81	46	expenditure	expenditure	NOUN
fsr-3186	81	47	are	be	AUX
fsr-3186	81	48	then	then	ADV
fsr-3186	81	49	weighted	weight	VERB
fsr-3186	81	50	accordingly	accordingly	ADV
fsr-3186	81	51	.	.	PUNCT
fsr-3186	82	1	5	5	X
fsr-3186	82	2	.	.	X
fsr-3186	82	3	summary	summary	NOUN
fsr-3186	82	4	statistics	statistic	NOUN
fsr-3186	82	5	to	to	PART
fsr-3186	82	6	determine	determine	VERB
fsr-3186	82	7	whether	whether	SCONJ
fsr-3186	82	8	a	a	DET
fsr-3186	82	9	mutual	mutual	ADJ
fsr-3186	82	10	fund	fund	NOUN
fsr-3186	82	11	was	be	AUX
fsr-3186	82	12	incubated	incubate	VERB
fsr-3186	82	13	,	,	PUNCT
fsr-3186	82	14	we	we	PRON
fsr-3186	82	15	observe	observe	VERB
fsr-3186	82	16	the	the	DET
fsr-3186	82	17	difference	difference	NOUN
fsr-3186	82	18	between	between	ADP
fsr-3186	82	19	the	the	DET
fsr-3186	82	20	ticker	ticker	NOUN
fsr-3186	82	21	creation	creation	NOUN
fsr-3186	82	22	date	date	NOUN
fsr-3186	82	23	and	and	CCONJ
fsr-3186	82	24	the	the	DET
fsr-3186	82	25	inception	inception	ADJ
fsr-3186	82	26	date	date	NOUN
fsr-3186	82	27	of	of	ADP
fsr-3186	82	28	the	the	DET
fsr-3186	82	29	fund	fund	NOUN
fsr-3186	82	30	.	.	PUNCT
fsr-3186	83	1	if	if	SCONJ
fsr-3186	83	2	the	the	DET
fsr-3186	83	3	difference	difference	NOUN
fsr-3186	83	4	is	be	AUX
fsr-3186	83	5	positive	positive	ADJ
fsr-3186	83	6	it	it	PRON
fsr-3186	83	7	indicates	indicate	VERB
fsr-3186	83	8	a	a	DET
fsr-3186	83	9	deferral	deferral	NOUN
fsr-3186	83	10	between	between	ADP
fsr-3186	83	11	the	the	DET
fsr-3186	83	12	start	start	NOUN
fsr-3186	83	13	of	of	ADP
fsr-3186	83	14	the	the	DET
fsr-3186	83	15	fund	fund	NOUN
fsr-3186	83	16	and	and	CCONJ
fsr-3186	83	17	the	the	DET
fsr-3186	83	18	application	application	NOUN
fsr-3186	83	19	for	for	ADP
fsr-3186	83	20	and	and	CCONJ
fsr-3186	83	21	the	the	DET
fsr-3186	83	22	approval	approval	NOUN
fsr-3186	83	23	of	of	ADP
fsr-3186	83	24	a	a	DET
fsr-3186	83	25	ticker	ticker	NOUN
fsr-3186	83	26	for	for	ADP
fsr-3186	83	27	the	the	DET
fsr-3186	83	28	fund	fund	NOUN
fsr-3186	83	29	.	.	PUNCT
fsr-3186	84	1	to	to	PART
fsr-3186	84	2	get	get	VERB
fsr-3186	84	3	a	a	DET
fsr-3186	84	4	clear	clear	ADJ
fsr-3186	84	5	distinction	distinction	NOUN
fsr-3186	84	6	,	,	PUNCT
fsr-3186	84	7	if	if	SCONJ
fsr-3186	84	8	there	there	PRON
fsr-3186	84	9	is	be	VERB
fsr-3186	84	10	a	a	DET
fsr-3186	84	11	difference	difference	NOUN
fsr-3186	84	12	of	of	ADP
fsr-3186	84	13	12	12	NUM
fsr-3186	84	14	months	month	NOUN
fsr-3186	84	15	or	or	CCONJ
fsr-3186	84	16	more	more	ADJ
fsr-3186	84	17	between	between	ADP
fsr-3186	84	18	the	the	DET
fsr-3186	84	19	ticker	ticker	NOUN
fsr-3186	84	20	creation	creation	NOUN
fsr-3186	84	21	date	date	NOUN
fsr-3186	84	22	and	and	CCONJ
fsr-3186	84	23	the	the	DET
fsr-3186	84	24	mutual	mutual	ADJ
fsr-3186	84	25	fund	fund	NOUN
fsr-3186	84	26	’s	’s	PART
fsr-3186	84	27	inception	inception	ADJ
fsr-3186	84	28	date	date	NOUN
fsr-3186	84	29	the	the	DET
fsr-3186	84	30	fund	fund	NOUN
fsr-3186	84	31	is	be	AUX
fsr-3186	84	32	classified	classify	VERB
fsr-3186	84	33	as	as	ADP
fsr-3186	84	34	being	be	AUX
fsr-3186	84	35	incubated	incubate	VERB
fsr-3186	84	36	.	.	PUNCT
fsr-3186	85	1	comparable	comparable	ADJ
fsr-3186	85	2	to	to	ADP
fsr-3186	85	3	evans	evans	PROPN
fsr-3186	85	4	(	(	PUNCT
fsr-3186	85	5	2010	2010	NUM
fsr-3186	85	6	)	)	PUNCT
fsr-3186	85	7	,	,	PUNCT
fsr-3186	85	8	we	we	PRON
fsr-3186	85	9	find	find	VERB
fsr-3186	85	10	that	that	SCONJ
fsr-3186	85	11	roughly	roughly	ADV
fsr-3186	85	12	22.91	22.91	NUM
fsr-3186	85	13	%	%	NOUN
fsr-3186	85	14	of	of	ADP
fsr-3186	85	15	the	the	DET
fsr-3186	85	16	sample	sample	NOUN
fsr-3186	85	17	66	66	NUM
fsr-3186	85	18	p.	p.	PROPN
fsr-3186	85	19	gibson	gibson	PROPN
fsr-3186	85	20	,	,	PUNCT
fsr-3186	85	21	m.	m.	NOUN
fsr-3186	85	22	finke	finke	PROPN
fsr-3186	85	23	/	/	SYM
fsr-3186	85	24	financial	financial	ADJ
fsr-3186	85	25	services	service	NOUN
fsr-3186	85	26	review	review	VERB
fsr-3186	85	27	23	23	NUM
fsr-3186	85	28	(	(	PUNCT
fsr-3186	85	29	2014	2014	NUM
fsr-3186	85	30	)	)	PUNCT
fsr-3186	86	1	63–75	63–75	NUM
fsr-3186	86	2	is	be	AUX
fsr-3186	86	3	incubated	incubate	VERB
fsr-3186	86	4	.	.	PUNCT
fsr-3186	87	1	presented	present	VERB
fsr-3186	87	2	in	in	ADP
fsr-3186	87	3	tables	table	NOUN
fsr-3186	87	4	1	1	NUM
fsr-3186	87	5	and	and	CCONJ
fsr-3186	87	6	2	2	NUM
fsr-3186	87	7	are	be	AUX
fsr-3186	87	8	descriptive	descriptive	ADJ
fsr-3186	87	9	statistics	statistic	NOUN
fsr-3186	87	10	showing	show	VERB
fsr-3186	87	11	some	some	PRON
fsr-3186	87	12	of	of	ADP
fsr-3186	87	13	the	the	DET
fsr-3186	87	14	similarities	similarity	NOUN
fsr-3186	87	15	and	and	CCONJ
fsr-3186	87	16	the	the	DET
fsr-3186	87	17	differences	difference	NOUN
fsr-3186	87	18	between	between	ADP
fsr-3186	87	19	incubated	incubate	VERB
fsr-3186	87	20	and	and	CCONJ
fsr-3186	87	21	non	non	ADJ
fsr-3186	87	22	-	-	ADJ
fsr-3186	87	23	incubated	incubate	VERB
fsr-3186	87	24	funds	fund	NOUN
fsr-3186	87	25	sorted	sort	VERB
fsr-3186	87	26	according	accord	VERB
fsr-3186	87	27	to	to	ADP
fsr-3186	87	28	morningstar	morningstar	PROPN
fsr-3186	87	29	direct	direct	ADJ
fsr-3186	87	30	global	global	ADJ
fsr-3186	87	31	category	category	NOUN
fsr-3186	87	32	.	.	PUNCT
fsr-3186	88	1	5.1	5.1	NUM
fsr-3186	88	2	.	.	PUNCT
fsr-3186	89	1	expense	expense	NOUN
fsr-3186	89	2	ratio	ratio	PROPN
fsr-3186	89	3	t	t	PROPN
fsr-3186	89	4	tests	test	NOUN
fsr-3186	89	5	table	table	VERB
fsr-3186	89	6	3	3	NUM
fsr-3186	89	7	contains	contain	VERB
fsr-3186	89	8	the	the	DET
fsr-3186	89	9	result	result	NOUN
fsr-3186	89	10	of	of	ADP
fsr-3186	89	11	a	a	DET
fsr-3186	89	12	two	two	NUM
fsr-3186	89	13	sample	sample	NOUN
fsr-3186	89	14	t	t	NOUN
fsr-3186	89	15	test	test	NOUN
fsr-3186	89	16	in	in	ADP
fsr-3186	89	17	which	which	PRON
fsr-3186	89	18	the	the	DET
fsr-3186	89	19	expense	expense	NOUN
fsr-3186	89	20	ratio	ratio	NOUN
fsr-3186	89	21	,	,	PUNCT
fsr-3186	89	22	total	total	ADJ
fsr-3186	89	23	assets	asset	NOUN
fsr-3186	89	24	under	under	ADP
fsr-3186	89	25	management	management	NOUN
fsr-3186	89	26	,	,	PUNCT
fsr-3186	89	27	and	and	CCONJ
fsr-3186	89	28	manager	manager	NOUN
fsr-3186	89	29	tenure	tenure	NOUN
fsr-3186	89	30	are	be	AUX
fsr-3186	89	31	compared	compare	VERB
fsr-3186	89	32	for	for	ADP
fsr-3186	89	33	incubated	incubate	VERB
fsr-3186	89	34	and	and	CCONJ
fsr-3186	89	35	non	non	ADJ
fsr-3186	89	36	-	-	ADJ
fsr-3186	89	37	incubated	incubate	VERB
fsr-3186	89	38	mutual	mutual	ADJ
fsr-3186	89	39	funds	fund	NOUN
fsr-3186	89	40	.	.	PUNCT
fsr-3186	90	1	according	accord	VERB
fsr-3186	90	2	to	to	ADP
fsr-3186	90	3	morningstar	morningstar	PROPN
fsr-3186	90	4	direct	direct	PROPN
fsr-3186	90	5	,	,	PUNCT
fsr-3186	90	6	a	a	DET
fsr-3186	90	7	fund	fund	NOUN
fsr-3186	90	8	’s	’s	PART
fsr-3186	90	9	expense	expense	NOUN
fsr-3186	90	10	ratio	ratio	NOUN
fsr-3186	90	11	is	be	AUX
fsr-3186	90	12	the	the	DET
fsr-3186	90	13	percentage	percentage	NOUN
fsr-3186	90	14	of	of	ADP
fsr-3186	90	15	fund	fund	NOUN
fsr-3186	90	16	assets	asset	NOUN
fsr-3186	90	17	used	use	VERB
fsr-3186	90	18	to	to	PART
fsr-3186	90	19	pay	pay	VERB
fsr-3186	90	20	for	for	ADP
fsr-3186	90	21	operating	operating	NOUN
fsr-3186	90	22	expenses	expense	NOUN
fsr-3186	90	23	and	and	CCONJ
fsr-3186	90	24	management	management	NOUN
fsr-3186	90	25	fees	fee	NOUN
fsr-3186	90	26	,	,	PUNCT
fsr-3186	90	27	including	include	VERB
fsr-3186	90	28	12b-1	12b-1	NUM
fsr-3186	90	29	fees	fee	NOUN
fsr-3186	90	30	,	,	PUNCT
fsr-3186	90	31	administrative	administrative	ADJ
fsr-3186	90	32	fees	fee	NOUN
fsr-3186	90	33	,	,	PUNCT
fsr-3186	90	34	and	and	CCONJ
fsr-3186	90	35	all	all	DET
fsr-3186	90	36	other	other	ADJ
fsr-3186	90	37	asset	asset	NOUN
fsr-3186	90	38	-	-	PUNCT
fsr-3186	90	39	based	base	VERB
fsr-3186	90	40	costs	cost	NOUN
fsr-3186	90	41	incurred	incur	VERB
fsr-3186	90	42	by	by	ADP
fsr-3186	90	43	the	the	DET
fsr-3186	90	44	fund	fund	NOUN
fsr-3186	90	45	,	,	PUNCT
fsr-3186	90	46	except	except	SCONJ
fsr-3186	90	47	brokerage	brokerage	NOUN
fsr-3186	90	48	costs	cost	NOUN
fsr-3186	90	49	.	.	PUNCT
fsr-3186	91	1	in	in	ADP
fsr-3186	91	2	examining	examine	VERB
fsr-3186	91	3	the	the	DET
fsr-3186	91	4	difference	difference	NOUN
fsr-3186	91	5	in	in	ADP
fsr-3186	91	6	mutual	mutual	ADJ
fsr-3186	91	7	fund	fund	NOUN
fsr-3186	91	8	expenditure	expenditure	NOUN
fsr-3186	91	9	,	,	PUNCT
fsr-3186	91	10	as	as	SCONJ
fsr-3186	91	11	expected	expect	VERB
fsr-3186	91	12	incubated	incubate	VERB
fsr-3186	91	13	funds	fund	NOUN
fsr-3186	91	14	on	on	ADP
fsr-3186	91	15	average	average	ADJ
fsr-3186	91	16	have	have	VERB
fsr-3186	91	17	a	a	DET
fsr-3186	91	18	statistically	statistically	ADV
fsr-3186	91	19	higher	high	ADJ
fsr-3186	91	20	expense	expense	NOUN
fsr-3186	91	21	ratio	ratio	NOUN
fsr-3186	91	22	than	than	ADP
fsr-3186	91	23	non	non	ADJ
fsr-3186	91	24	-	-	ADJ
fsr-3186	91	25	incubated	incubate	VERB
fsr-3186	91	26	funds	fund	NOUN
fsr-3186	91	27	.	.	PUNCT
fsr-3186	92	1	prior	prior	ADJ
fsr-3186	92	2	studies	study	NOUN
fsr-3186	92	3	indicate	indicate	VERB
fsr-3186	92	4	that	that	SCONJ
fsr-3186	92	5	mutual	mutual	ADJ
fsr-3186	92	6	fund	fund	NOUN
fsr-3186	92	7	expense	expense	NOUN
fsr-3186	92	8	ratios	ratio	NOUN
fsr-3186	92	9	have	have	VERB
fsr-3186	92	10	a	a	DET
fsr-3186	92	11	negative	negative	ADJ
fsr-3186	92	12	relation	relation	NOUN
fsr-3186	92	13	with	with	ADP
fsr-3186	92	14	performance	performance	NOUN
fsr-3186	92	15	(	(	PUNCT
fsr-3186	92	16	carhart	carhart	NOUN
fsr-3186	92	17	,	,	PUNCT
fsr-3186	92	18	1997	1997	NUM
fsr-3186	92	19	;	;	PUNCT
fsr-3186	92	20	gruber	gruber	PROPN
fsr-3186	92	21	,	,	PUNCT
fsr-3186	92	22	1996	1996	NUM
fsr-3186	92	23	;	;	PUNCT
fsr-3186	92	24	jensen	jensen	PROPN
fsr-3186	92	25	,	,	PUNCT
fsr-3186	92	26	1968	1968	NUM
fsr-3186	92	27	)	)	PUNCT
fsr-3186	92	28	.	.	PUNCT
fsr-3186	93	1	consequently	consequently	ADV
fsr-3186	93	2	,	,	PUNCT
fsr-3186	93	3	mutual	mutual	ADJ
fsr-3186	93	4	fund	fund	NOUN
fsr-3186	93	5	investors	investor	NOUN
fsr-3186	93	6	who	who	PRON
fsr-3186	93	7	purchase	purchase	VERB
fsr-3186	93	8	higher	high	ADJ
fsr-3186	93	9	expense	expense	NOUN
fsr-3186	93	10	mutual	mutual	ADJ
fsr-3186	93	11	funds	fund	NOUN
fsr-3186	93	12	end	end	VERB
fsr-3186	93	13	up	up	ADP
fsr-3186	93	14	losing	lose	VERB
fsr-3186	93	15	as	as	ADP
fsr-3186	93	16	a	a	DET
fsr-3186	93	17	portion	portion	NOUN
fsr-3186	93	18	of	of	ADP
fsr-3186	93	19	their	their	PRON
fsr-3186	93	20	returns	return	NOUN
fsr-3186	93	21	goes	go	VERB
fsr-3186	93	22	to	to	ADP
fsr-3186	93	23	the	the	DET
fsr-3186	93	24	mutual	mutual	ADJ
fsr-3186	93	25	fund	fund	NOUN
fsr-3186	93	26	company	company	NOUN
fsr-3186	93	27	to	to	PART
fsr-3186	93	28	cover	cover	VERB
fsr-3186	93	29	their	their	PRON
fsr-3186	93	30	expenses	expense	NOUN
fsr-3186	93	31	.	.	PUNCT
fsr-3186	94	1	furthermore	furthermore	ADV
fsr-3186	94	2	,	,	PUNCT
fsr-3186	94	3	investors	investor	NOUN
fsr-3186	94	4	are	be	AUX
fsr-3186	94	5	often	often	ADV
fsr-3186	94	6	unaware	unaware	ADJ
fsr-3186	94	7	of	of	ADP
fsr-3186	94	8	the	the	DET
fsr-3186	94	9	negative	negative	ADJ
fsr-3186	94	10	effect	effect	NOUN
fsr-3186	94	11	that	that	SCONJ
fsr-3186	94	12	high	high	ADJ
fsr-3186	94	13	expenses	expense	NOUN
fsr-3186	94	14	will	will	AUX
fsr-3186	94	15	have	have	VERB
fsr-3186	94	16	on	on	ADP
fsr-3186	94	17	their	their	PRON
fsr-3186	94	18	returns	return	NOUN
fsr-3186	94	19	(	(	PUNCT
fsr-3186	94	20	alexander	alexander	PROPN
fsr-3186	94	21	,	,	PUNCT
fsr-3186	94	22	jones	jones	PROPN
fsr-3186	94	23	,	,	PUNCT
fsr-3186	94	24	and	and	CCONJ
fsr-3186	94	25	nigro	nigro	ADJ
fsr-3186	94	26	table	table	NOUN
fsr-3186	94	27	2	2	NUM
fsr-3186	94	28	summary	summary	NOUN
fsr-3186	94	29	statistics	statistic	NOUN
fsr-3186	94	30	for	for	ADP
fsr-3186	94	31	non	non	ADJ
fsr-3186	94	32	-	-	ADJ
fsr-3186	94	33	incubated	incubate	VERB
fsr-3186	94	34	funds	fund	NOUN
fsr-3186	94	35	sorted	sort	VERB
fsr-3186	94	36	by	by	ADP
fsr-3186	94	37	morningstar	morningstar	PROPN
fsr-3186	94	38	direct	direct	PROPN
fsr-3186	94	39	global	global	ADJ
fsr-3186	94	40	category	category	NOUN
fsr-3186	94	41	morningstar	morningstar	PROPN
fsr-3186	94	42	global	global	ADJ
fsr-3186	94	43	category	category	NOUN
fsr-3186	94	44	no	no	INTJ
fsr-3186	94	45	.	.	PUNCT
fsr-3186	95	1	of	of	ADP
fsr-3186	95	2	observation	observation	NOUN
fsr-3186	95	3	(	(	PUNCT
fsr-3186	95	4	freq	freq	NOUN
fsr-3186	95	5	)	)	PUNCT
fsr-3186	95	6	expense	expense	NOUN
fsr-3186	95	7	ratio	ratio	NOUN
fsr-3186	95	8	(	(	PUNCT
fsr-3186	95	9	%	%	INTJ
fsr-3186	95	10	)	)	PUNCT
fsr-3186	95	11	total	total	ADJ
fsr-3186	95	12	net	net	ADJ
fsr-3186	95	13	assets	asset	NOUN
fsr-3186	95	14	(	(	PUNCT
fsr-3186	95	15	$	$	SYM
fsr-3186	95	16	millions	million	NOUN
fsr-3186	95	17	)	)	PUNCT
fsr-3186	95	18	manager	manager	NOUN
fsr-3186	95	19	tenure	tenure	NOUN
fsr-3186	95	20	u.s	u.s	PROPN
fsr-3186	95	21	.	.	PROPN
fsr-3186	95	22	large	large	ADJ
fsr-3186	95	23	cap	cap	NOUN
fsr-3186	95	24	blend	blend	VERB
fsr-3186	95	25	316	316	NUM
fsr-3186	95	26	(	(	PUNCT
fsr-3186	95	27	24.14	24.14	NUM
fsr-3186	95	28	%	%	NOUN
fsr-3186	95	29	)	)	PUNCT
fsr-3186	95	30	1.45	1.45	NUM
fsr-3186	95	31	(	(	PUNCT
fsr-3186	95	32	0.57	0.57	NUM
fsr-3186	95	33	)	)	PUNCT
fsr-3186	95	34	140.25	140.25	NUM
fsr-3186	95	35	(	(	PUNCT
fsr-3186	95	36	368.02	368.02	NUM
fsr-3186	95	37	)	)	PUNCT
fsr-3186	95	38	5.58	5.58	NUM
fsr-3186	95	39	(	(	PUNCT
fsr-3186	95	40	3.40	3.40	NUM
fsr-3186	95	41	)	)	PUNCT
fsr-3186	95	42	u.s	u.s	PROPN
fsr-3186	95	43	.	.	PROPN
fsr-3186	95	44	large	large	ADJ
fsr-3186	95	45	cap	cap	NOUN
fsr-3186	95	46	growth	growth	NOUN
fsr-3186	95	47	320	320	NUM
fsr-3186	95	48	(	(	PUNCT
fsr-3186	95	49	24.44	24.44	NUM
fsr-3186	95	50	%	%	NOUN
fsr-3186	95	51	)	)	PUNCT
fsr-3186	95	52	1.70	1.70	NUM
fsr-3186	95	53	(	(	PUNCT
fsr-3186	95	54	0.51	0.51	NUM
fsr-3186	95	55	)	)	PUNCT
fsr-3186	95	56	121.98	121.98	NUM
fsr-3186	95	57	(	(	PUNCT
fsr-3186	95	58	287.20	287.20	NUM
fsr-3186	95	59	)	)	PUNCT
fsr-3186	95	60	5.43	5.43	NUM
fsr-3186	95	61	(	(	PUNCT
fsr-3186	95	62	3.78	3.78	NUM
fsr-3186	95	63	)	)	PUNCT
fsr-3186	95	64	u.s	u.s	PROPN
fsr-3186	95	65	.	.	PROPN
fsr-3186	95	66	large	large	ADJ
fsr-3186	95	67	cap	cap	NOUN
fsr-3186	95	68	value	value	NOUN
fsr-3186	95	69	179	179	NUM
fsr-3186	95	70	(	(	PUNCT
fsr-3186	95	71	13.67	13.67	NUM
fsr-3186	95	72	%	%	NOUN
fsr-3186	95	73	)	)	PUNCT
fsr-3186	95	74	1.72	1.72	NUM
fsr-3186	95	75	(	(	PUNCT
fsr-3186	95	76	0.42	0.42	NUM
fsr-3186	95	77	)	)	PUNCT
fsr-3186	95	78	82.40	82.40	NUM
fsr-3186	95	79	(	(	PUNCT
fsr-3186	95	80	158.64	158.64	NUM
fsr-3186	95	81	)	)	PUNCT
fsr-3186	95	82	6.21	6.21	NUM
fsr-3186	95	83	(	(	PUNCT
fsr-3186	95	84	3.75	3.75	NUM
fsr-3186	95	85	)	)	PUNCT
fsr-3186	95	86	u.s	u.s	PROPN
fsr-3186	95	87	.	.	PROPN
fsr-3186	95	88	equity	equity	NOUN
fsr-3186	95	89	mid	mid	PROPN
fsr-3186	95	90	cap	cap	PROPN
fsr-3186	95	91	269	269	NUM
fsr-3186	95	92	(	(	PUNCT
fsr-3186	95	93	19.78	19.78	NUM
fsr-3186	95	94	%	%	NOUN
fsr-3186	95	95	)	)	PUNCT
fsr-3186	95	96	1.72	1.72	NUM
fsr-3186	95	97	(	(	PUNCT
fsr-3186	95	98	0.52	0.52	NUM
fsr-3186	95	99	)	)	PUNCT
fsr-3186	95	100	147.63	147.63	NUM
fsr-3186	95	101	(	(	PUNCT
fsr-3186	95	102	371.15	371.15	NUM
fsr-3186	95	103	)	)	PUNCT
fsr-3186	95	104	6.12	6.12	NUM
fsr-3186	95	105	(	(	PUNCT
fsr-3186	95	106	3.73	3.73	NUM
fsr-3186	95	107	)	)	PUNCT
fsr-3186	95	108	u.s	u.s	PROPN
fsr-3186	95	109	.	.	PROPN
fsr-3186	95	110	equity	equity	NOUN
fsr-3186	95	111	small	small	PROPN
fsr-3186	95	112	cap	cap	NOUN
fsr-3186	95	113	225	225	NUM
fsr-3186	95	114	(	(	PUNCT
fsr-3186	95	115	17.18	17.18	NUM
fsr-3186	95	116	%	%	NOUN
fsr-3186	95	117	)	)	PUNCT
fsr-3186	95	118	1.84	1.84	NUM
fsr-3186	95	119	(	(	PUNCT
fsr-3186	95	120	0.54	0.54	NUM
fsr-3186	95	121	)	)	PUNCT
fsr-3186	95	122	87.62	87.62	NUM
fsr-3186	95	123	(	(	PUNCT
fsr-3186	95	124	220.22	220.22	NUM
fsr-3186	95	125	)	)	PUNCT
fsr-3186	95	126	5.83	5.83	NUM
fsr-3186	95	127	(	(	PUNCT
fsr-3186	95	128	3.64	3.64	NUM
fsr-3186	95	129	)	)	PUNCT
fsr-3186	95	130	all	all	PRON
fsr-3186	95	131	1309	1309	NUM
fsr-3186	95	132	1.67	1.67	NUM
fsr-3186	95	133	(	(	PUNCT
fsr-3186	95	134	0.54	0.54	NUM
fsr-3186	95	135	)	)	PUNCT
fsr-3186	95	136	120.34	120.34	NUM
fsr-3186	95	137	(	(	PUNCT
fsr-3186	95	138	305.49	305.49	NUM
fsr-3186	95	139	)	)	PUNCT
fsr-3186	95	140	5.78	5.78	NUM
fsr-3186	95	141	(	(	PUNCT
fsr-3186	95	142	3.66	3.66	NUM
fsr-3186	95	143	)	)	PUNCT
fsr-3186	95	144	note	note	NOUN
fsr-3186	95	145	.	.	PUNCT
fsr-3186	96	1	table	table	NOUN
fsr-3186	96	2	2	2	NUM
fsr-3186	96	3	presents	present	VERB
fsr-3186	96	4	the	the	DET
fsr-3186	96	5	aggregate	aggregate	ADJ
fsr-3186	96	6	summary	summary	NOUN
fsr-3186	96	7	statistics	statistic	NOUN
fsr-3186	96	8	for	for	ADP
fsr-3186	96	9	non	non	ADJ
fsr-3186	96	10	-	-	ADJ
fsr-3186	96	11	incubated	incubate	VERB
fsr-3186	96	12	mutual	mutual	ADJ
fsr-3186	96	13	funds	fund	NOUN
fsr-3186	96	14	.	.	PUNCT
fsr-3186	97	1	means	means	PROPN
fsr-3186	97	2	(	(	PUNCT
fsr-3186	97	3	sd	sd	NOUN
fsr-3186	97	4	)	)	PUNCT
fsr-3186	97	5	are	be	AUX
fsr-3186	97	6	presented	present	VERB
fsr-3186	97	7	for	for	ADP
fsr-3186	97	8	expense	expense	NOUN
fsr-3186	97	9	ratio	ratio	NOUN
fsr-3186	97	10	,	,	PUNCT
fsr-3186	97	11	total	total	ADJ
fsr-3186	97	12	net	net	ADJ
fsr-3186	97	13	assets	asset	NOUN
fsr-3186	97	14	,	,	PUNCT
fsr-3186	97	15	and	and	CCONJ
fsr-3186	97	16	manager	manager	NOUN
fsr-3186	97	17	tenure	tenure	NOUN
fsr-3186	97	18	.	.	PUNCT
fsr-3186	98	1	additionally	additionally	ADV
fsr-3186	98	2	,	,	PUNCT
fsr-3186	98	3	presented	present	VERB
fsr-3186	98	4	is	be	AUX
fsr-3186	98	5	the	the	DET
fsr-3186	98	6	number	number	NOUN
fsr-3186	98	7	of	of	ADP
fsr-3186	98	8	funds	fund	NOUN
fsr-3186	98	9	along	along	ADP
fsr-3186	98	10	with	with	ADP
fsr-3186	98	11	their	their	PRON
fsr-3186	98	12	relative	relative	ADJ
fsr-3186	98	13	frequencies	frequency	NOUN
fsr-3186	98	14	.	.	PUNCT
fsr-3186	99	1	table	table	NOUN
fsr-3186	99	2	1	1	NUM
fsr-3186	99	3	summary	summary	NOUN
fsr-3186	99	4	statistics	statistic	NOUN
fsr-3186	99	5	for	for	ADP
fsr-3186	99	6	incubated	incubate	VERB
fsr-3186	99	7	funds	fund	NOUN
fsr-3186	99	8	sorted	sort	VERB
fsr-3186	99	9	by	by	ADP
fsr-3186	99	10	morningstar	morningstar	PROPN
fsr-3186	99	11	direct	direct	PROPN
fsr-3186	99	12	global	global	ADJ
fsr-3186	99	13	category	category	NOUN
fsr-3186	99	14	morningstar	morningstar	PROPN
fsr-3186	99	15	global	global	ADJ
fsr-3186	99	16	category	category	NOUN
fsr-3186	99	17	no	no	INTJ
fsr-3186	99	18	.	.	PUNCT
fsr-3186	100	1	of	of	ADP
fsr-3186	100	2	observation	observation	NOUN
fsr-3186	100	3	(	(	PUNCT
fsr-3186	100	4	freq	freq	NOUN
fsr-3186	100	5	)	)	PUNCT
fsr-3186	100	6	expense	expense	NOUN
fsr-3186	100	7	ratio	ratio	NOUN
fsr-3186	100	8	(	(	PUNCT
fsr-3186	100	9	%	%	INTJ
fsr-3186	100	10	)	)	PUNCT
fsr-3186	100	11	total	total	ADJ
fsr-3186	100	12	net	net	ADJ
fsr-3186	100	13	assets	asset	NOUN
fsr-3186	100	14	(	(	PUNCT
fsr-3186	100	15	$	$	SYM
fsr-3186	100	16	millions	million	NOUN
fsr-3186	100	17	)	)	PUNCT
fsr-3186	100	18	manager	manager	NOUN
fsr-3186	100	19	tenure	tenure	NOUN
fsr-3186	100	20	u.s	u.s	PROPN
fsr-3186	100	21	.	.	PROPN
fsr-3186	100	22	large	large	ADJ
fsr-3186	100	23	cap	cap	NOUN
fsr-3186	100	24	blend	blend	VERB
fsr-3186	100	25	91	91	NUM
fsr-3186	100	26	(	(	PUNCT
fsr-3186	100	27	23.39	23.39	NUM
fsr-3186	100	28	%	%	NOUN
fsr-3186	100	29	)	)	PUNCT
fsr-3186	100	30	1.53	1.53	NUM
fsr-3186	100	31	(	(	PUNCT
fsr-3186	100	32	0.65	0.65	NUM
fsr-3186	100	33	)	)	PUNCT
fsr-3186	100	34	88.52	88.52	NUM
fsr-3186	100	35	(	(	PUNCT
fsr-3186	100	36	197.62	197.62	NUM
fsr-3186	100	37	)	)	PUNCT
fsr-3186	100	38	6.50	6.50	NUM
fsr-3186	100	39	(	(	PUNCT
fsr-3186	100	40	4.90	4.90	NUM
fsr-3186	100	41	)	)	PUNCT
fsr-3186	100	42	u.s	u.s	PROPN
fsr-3186	100	43	.	.	PROPN
fsr-3186	100	44	large	large	ADJ
fsr-3186	100	45	cap	cap	NOUN
fsr-3186	100	46	growth	growth	NOUN
fsr-3186	100	47	82	82	NUM
fsr-3186	100	48	(	(	PUNCT
fsr-3186	100	49	21.10	21.10	NUM
fsr-3186	100	50	%	%	NOUN
fsr-3186	100	51	)	)	PUNCT
fsr-3186	100	52	1.73	1.73	NUM
fsr-3186	100	53	(	(	PUNCT
fsr-3186	100	54	0.50	0.50	NUM
fsr-3186	100	55	)	)	PUNCT
fsr-3186	100	56	162.54	162.54	NUM
fsr-3186	100	57	(	(	PUNCT
fsr-3186	100	58	310.75	310.75	NUM
fsr-3186	100	59	)	)	PUNCT
fsr-3186	100	60	5.57	5.57	NUM
fsr-3186	100	61	(	(	PUNCT
fsr-3186	100	62	4.90	4.90	NUM
fsr-3186	100	63	)	)	PUNCT
fsr-3186	100	64	u.s	u.s	PROPN
fsr-3186	100	65	.	.	PROPN
fsr-3186	100	66	large	large	ADJ
fsr-3186	100	67	cap	cap	NOUN
fsr-3186	100	68	value	value	NOUN
fsr-3186	100	69	56	56	NUM
fsr-3186	100	70	(	(	PUNCT
fsr-3186	100	71	14.39	14.39	NUM
fsr-3186	100	72	%	%	NOUN
fsr-3186	100	73	)	)	PUNCT
fsr-3186	100	74	1.90	1.90	NUM
fsr-3186	100	75	(	(	PUNCT
fsr-3186	100	76	0.91	0.91	NUM
fsr-3186	100	77	)	)	PUNCT
fsr-3186	100	78	52.17	52.17	NUM
fsr-3186	100	79	(	(	PUNCT
fsr-3186	100	80	108.91	108.91	NUM
fsr-3186	100	81	)	)	PUNCT
fsr-3186	100	82	6.71	6.71	NUM
fsr-3186	100	83	(	(	PUNCT
fsr-3186	100	84	3.96	3.96	NUM
fsr-3186	100	85	)	)	PUNCT
fsr-3186	100	86	u.s	u.s	PROPN
fsr-3186	100	87	.	.	PROPN
fsr-3186	100	88	equity	equity	NOUN
fsr-3186	100	89	mid	mid	PROPN
fsr-3186	100	90	cap	cap	PROPN
fsr-3186	100	91	86	86	NUM
fsr-3186	100	92	(	(	PUNCT
fsr-3186	100	93	22.11	22.11	NUM
fsr-3186	100	94	%	%	NOUN
fsr-3186	100	95	)	)	PUNCT
fsr-3186	100	96	1.72	1.72	NUM
fsr-3186	100	97	(	(	PUNCT
fsr-3186	100	98	0.51	0.51	NUM
fsr-3186	100	99	)	)	PUNCT
fsr-3186	100	100	76.70	76.70	NUM
fsr-3186	100	101	(	(	PUNCT
fsr-3186	100	102	154.58	154.58	NUM
fsr-3186	100	103	)	)	PUNCT
fsr-3186	100	104	5.91	5.91	NUM
fsr-3186	100	105	(	(	PUNCT
fsr-3186	100	106	3.96	3.96	NUM
fsr-3186	100	107	)	)	PUNCT
fsr-3186	100	108	u.s	u.s	PROPN
fsr-3186	100	109	.	.	PROPN
fsr-3186	100	110	equity	equity	NOUN
fsr-3186	100	111	small	small	ADJ
fsr-3186	100	112	cap	cap	NOUN
fsr-3186	100	113	74	74	NUM
fsr-3186	100	114	(	(	PUNCT
fsr-3186	100	115	19.02	19.02	NUM
fsr-3186	100	116	%	%	NOUN
fsr-3186	100	117	)	)	PUNCT
fsr-3186	100	118	1.99	1.99	NUM
fsr-3186	100	119	(	(	PUNCT
fsr-3186	100	120	0.47	0.47	NUM
fsr-3186	100	121	)	)	PUNCT
fsr-3186	100	122	57.24	57.24	NUM
fsr-3186	100	123	(	(	PUNCT
fsr-3186	100	124	103.87	103.87	NUM
fsr-3186	100	125	)	)	PUNCT
fsr-3186	100	126	5.78	5.78	NUM
fsr-3186	100	127	(	(	PUNCT
fsr-3186	100	128	4.13	4.13	NUM
fsr-3186	100	129	)	)	PUNCT
fsr-3186	100	130	all	all	PRON
fsr-3186	100	131	389	389	NUM
fsr-3186	100	132	1.76	1.76	NUM
fsr-3186	100	133	(	(	PUNCT
fsr-3186	100	134	0.63	0.63	NUM
fsr-3186	100	135	)	)	PUNCT
fsr-3186	100	136	79.70	79.70	NUM
fsr-3186	100	137	(	(	PUNCT
fsr-3186	100	138	180.57	180.57	NUM
fsr-3186	100	139	)	)	PUNCT
fsr-3186	100	140	6.10	6.10	NUM
fsr-3186	100	141	(	(	PUNCT
fsr-3186	100	142	4.36	4.36	NUM
fsr-3186	100	143	)	)	PUNCT
fsr-3186	100	144	note	note	NOUN
fsr-3186	100	145	.	.	PUNCT
fsr-3186	101	1	table	table	NOUN
fsr-3186	101	2	1	1	NUM
fsr-3186	101	3	presents	present	VERB
fsr-3186	101	4	the	the	DET
fsr-3186	101	5	aggregate	aggregate	ADJ
fsr-3186	101	6	summary	summary	NOUN
fsr-3186	101	7	statistics	statistic	NOUN
fsr-3186	101	8	for	for	ADP
fsr-3186	101	9	incubated	incubate	VERB
fsr-3186	101	10	mutual	mutual	ADJ
fsr-3186	101	11	funds	fund	NOUN
fsr-3186	101	12	.	.	PUNCT
fsr-3186	102	1	means	means	PROPN
fsr-3186	102	2	(	(	PUNCT
fsr-3186	102	3	sd	sd	NOUN
fsr-3186	102	4	)	)	PUNCT
fsr-3186	102	5	are	be	AUX
fsr-3186	102	6	presented	present	VERB
fsr-3186	102	7	for	for	ADP
fsr-3186	102	8	expense	expense	NOUN
fsr-3186	102	9	ratio	ratio	NOUN
fsr-3186	102	10	,	,	PUNCT
fsr-3186	102	11	total	total	ADJ
fsr-3186	102	12	net	net	ADJ
fsr-3186	102	13	assets	asset	NOUN
fsr-3186	102	14	,	,	PUNCT
fsr-3186	102	15	and	and	CCONJ
fsr-3186	102	16	manager	manager	NOUN
fsr-3186	102	17	tenure	tenure	NOUN
fsr-3186	102	18	.	.	PUNCT
fsr-3186	103	1	additionally	additionally	ADV
fsr-3186	103	2	,	,	PUNCT
fsr-3186	103	3	presented	present	VERB
fsr-3186	103	4	is	be	AUX
fsr-3186	103	5	the	the	DET
fsr-3186	103	6	number	number	NOUN
fsr-3186	103	7	of	of	ADP
fsr-3186	103	8	funds	fund	NOUN
fsr-3186	103	9	along	along	ADP
fsr-3186	103	10	with	with	ADP
fsr-3186	103	11	their	their	PRON
fsr-3186	103	12	relative	relative	ADJ
fsr-3186	103	13	frequencies	frequency	NOUN
fsr-3186	103	14	.	.	PUNCT
fsr-3186	104	1	67p	67p	NOUN
fsr-3186	104	2	.	.	PUNCT
fsr-3186	105	1	gibson	gibson	PROPN
fsr-3186	105	2	,	,	PUNCT
fsr-3186	105	3	m.	m.	NOUN
fsr-3186	105	4	finke	finke	PROPN
fsr-3186	105	5	/	/	SYM
fsr-3186	105	6	financial	financial	ADJ
fsr-3186	105	7	services	service	NOUN
fsr-3186	105	8	review	review	VERB
fsr-3186	105	9	23	23	NUM
fsr-3186	105	10	(	(	PUNCT
fsr-3186	105	11	2014	2014	NUM
fsr-3186	105	12	)	)	PUNCT
fsr-3186	105	13	63–75	63–75	NUM
fsr-3186	105	14	1998	1998	NUM
fsr-3186	105	15	)	)	PUNCT
fsr-3186	105	16	.	.	PUNCT
fsr-3186	106	1	the	the	DET
fsr-3186	106	2	high	high	ADJ
fsr-3186	106	3	expense	expense	NOUN
fsr-3186	106	4	ratio	ratio	NOUN
fsr-3186	106	5	of	of	ADP
fsr-3186	106	6	incubated	incubate	VERB
fsr-3186	106	7	mutual	mutual	ADJ
fsr-3186	106	8	funds	fund	NOUN
fsr-3186	106	9	might	might	AUX
fsr-3186	106	10	be	be	AUX
fsr-3186	106	11	attributed	attribute	VERB
fsr-3186	106	12	to	to	ADP
fsr-3186	106	13	a	a	DET
fsr-3186	106	14	variety	variety	NOUN
fsr-3186	106	15	of	of	ADP
fsr-3186	106	16	factors	factor	NOUN
fsr-3186	106	17	.	.	PUNCT
fsr-3186	107	1	because	because	SCONJ
fsr-3186	107	2	incubated	incubate	VERB
fsr-3186	107	3	funds	fund	NOUN
fsr-3186	107	4	are	be	AUX
fsr-3186	107	5	smaller	small	ADJ
fsr-3186	107	6	,	,	PUNCT
fsr-3186	107	7	economies	economy	NOUN
fsr-3186	107	8	of	of	ADP
fsr-3186	107	9	scale	scale	NOUN
fsr-3186	107	10	may	may	AUX
fsr-3186	107	11	make	make	VERB
fsr-3186	107	12	them	they	PRON
fsr-3186	107	13	more	more	ADV
fsr-3186	107	14	costly	costly	ADJ
fsr-3186	107	15	to	to	PART
fsr-3186	107	16	operate	operate	VERB
fsr-3186	107	17	.	.	PUNCT
fsr-3186	108	1	garavito	garavito	PROPN
fsr-3186	108	2	(	(	PUNCT
fsr-3186	108	3	2008	2008	NUM
fsr-3186	108	4	)	)	PUNCT
fsr-3186	108	5	finds	find	VERB
fsr-3186	108	6	that	that	SCONJ
fsr-3186	108	7	incubated	incubate	VERB
fsr-3186	108	8	mutual	mutual	ADJ
fsr-3186	108	9	funds	fund	NOUN
fsr-3186	108	10	generally	generally	ADV
fsr-3186	108	11	belong	belong	VERB
fsr-3186	108	12	to	to	ADP
fsr-3186	108	13	smaller	small	ADJ
fsr-3186	108	14	fund	fund	NOUN
fsr-3186	108	15	families	family	NOUN
fsr-3186	108	16	.	.	PUNCT
fsr-3186	109	1	haslem	haslem	PROPN
fsr-3186	109	2	,	,	PUNCT
fsr-3186	109	3	baker	baker	PROPN
fsr-3186	109	4	,	,	PUNCT
fsr-3186	109	5	and	and	CCONJ
fsr-3186	109	6	smith	smith	PROPN
fsr-3186	109	7	(	(	PUNCT
fsr-3186	109	8	2008	2008	NUM
fsr-3186	109	9	)	)	PUNCT
fsr-3186	109	10	show	show	VERB
fsr-3186	109	11	that	that	SCONJ
fsr-3186	109	12	funds	fund	NOUN
fsr-3186	109	13	with	with	ADP
fsr-3186	109	14	low	low	ADJ
fsr-3186	109	15	expense	expense	NOUN
fsr-3186	109	16	ratio	ratio	NOUN
fsr-3186	109	17	generally	generally	ADV
fsr-3186	109	18	outperform	outperform	VERB
fsr-3186	109	19	those	those	PRON
fsr-3186	109	20	with	with	ADP
fsr-3186	109	21	higher	high	ADJ
fsr-3186	109	22	expense	expense	NOUN
fsr-3186	109	23	ratios	ratio	NOUN
fsr-3186	109	24	.	.	PUNCT
fsr-3186	110	1	also	also	ADV
fsr-3186	110	2	presented	present	VERB
fsr-3186	110	3	in	in	ADP
fsr-3186	110	4	the	the	DET
fsr-3186	110	5	table	table	NOUN
fsr-3186	110	6	is	be	AUX
fsr-3186	110	7	the	the	DET
fsr-3186	110	8	difference	difference	NOUN
fsr-3186	110	9	between	between	ADP
fsr-3186	110	10	total	total	ADJ
fsr-3186	110	11	net	net	ADJ
fsr-3186	110	12	assets	asset	NOUN
fsr-3186	110	13	(	(	PUNCT
fsr-3186	110	14	tna	tna	PROPN
fsr-3186	110	15	)	)	PUNCT
fsr-3186	110	16	and	and	CCONJ
fsr-3186	110	17	manager	manager	NOUN
fsr-3186	110	18	tenure	tenure	NOUN
fsr-3186	110	19	.	.	PUNCT
fsr-3186	111	1	incubated	incubate	VERB
fsr-3186	111	2	mutual	mutual	ADJ
fsr-3186	111	3	funds	fund	NOUN
fsr-3186	111	4	are	be	AUX
fsr-3186	111	5	statistically	statistically	ADV
fsr-3186	111	6	smaller	small	ADJ
fsr-3186	111	7	than	than	ADP
fsr-3186	111	8	non	non	ADJ
fsr-3186	111	9	-	-	ADJ
fsr-3186	111	10	incubated	incubate	VERB
fsr-3186	111	11	mutual	mutual	ADJ
fsr-3186	111	12	funds	fund	NOUN
fsr-3186	111	13	.	.	PUNCT
fsr-3186	112	1	however	however	ADV
fsr-3186	112	2	,	,	PUNCT
fsr-3186	112	3	this	this	DET
fsr-3186	112	4	result	result	NOUN
fsr-3186	112	5	should	should	AUX
fsr-3186	112	6	be	be	AUX
fsr-3186	112	7	taken	take	VERB
fsr-3186	112	8	with	with	ADP
fsr-3186	112	9	caution	caution	NOUN
fsr-3186	112	10	as	as	SCONJ
fsr-3186	112	11	it	it	PRON
fsr-3186	112	12	appears	appear	VERB
fsr-3186	112	13	that	that	SCONJ
fsr-3186	112	14	the	the	DET
fsr-3186	112	15	mean	mean	NOUN
fsr-3186	112	16	of	of	ADP
fsr-3186	112	17	nonincubated	nonincubated	ADJ
fsr-3186	112	18	mutual	mutual	ADJ
fsr-3186	112	19	funds	fund	NOUN
fsr-3186	112	20	are	be	AUX
fsr-3186	112	21	driven	drive	VERB
fsr-3186	112	22	by	by	ADP
fsr-3186	112	23	some	some	DET
fsr-3186	112	24	very	very	ADV
fsr-3186	112	25	large	large	ADJ
fsr-3186	112	26	funds	fund	NOUN
fsr-3186	112	27	as	as	SCONJ
fsr-3186	112	28	indicated	indicate	VERB
fsr-3186	112	29	by	by	ADP
fsr-3186	112	30	the	the	DET
fsr-3186	112	31	standard	standard	ADJ
fsr-3186	112	32	deviation	deviation	NOUN
fsr-3186	112	33	.	.	PUNCT
fsr-3186	113	1	finally	finally	ADV
fsr-3186	113	2	,	,	PUNCT
fsr-3186	113	3	we	we	PRON
fsr-3186	113	4	find	find	VERB
fsr-3186	113	5	that	that	SCONJ
fsr-3186	113	6	there	there	PRON
fsr-3186	113	7	is	be	VERB
fsr-3186	113	8	no	no	DET
fsr-3186	113	9	statistical	statistical	ADJ
fsr-3186	113	10	difference	difference	NOUN
fsr-3186	113	11	the	the	PRON
fsr-3186	113	12	in	in	ADP
fsr-3186	113	13	the	the	DET
fsr-3186	113	14	length	length	NOUN
fsr-3186	113	15	of	of	ADP
fsr-3186	113	16	time	time	NOUN
fsr-3186	113	17	a	a	DET
fsr-3186	113	18	manager	manager	NOUN
fsr-3186	113	19	has	have	AUX
fsr-3186	113	20	been	be	AUX
fsr-3186	113	21	with	with	ADP
fsr-3186	113	22	a	a	DET
fsr-3186	113	23	fund	fund	NOUN
fsr-3186	113	24	.	.	PUNCT
fsr-3186	114	1	6	6	NUM
fsr-3186	114	2	.	.	NUM
fsr-3186	114	3	incubated	incubate	VERB
fsr-3186	114	4	funds	fund	NOUN
fsr-3186	114	5	and	and	CCONJ
fsr-3186	114	6	skewness	skewness	NOUN
fsr-3186	114	7	given	give	VERB
fsr-3186	114	8	the	the	DET
fsr-3186	114	9	widely	widely	ADV
fsr-3186	114	10	acknowledged	acknowledge	VERB
fsr-3186	114	11	non	non	ADJ
fsr-3186	114	12	-	-	ADJ
fsr-3186	114	13	linear	linear	ADJ
fsr-3186	114	14	relationship	relationship	NOUN
fsr-3186	114	15	between	between	ADP
fsr-3186	114	16	skewness	skewness	NOUN
fsr-3186	114	17	and	and	CCONJ
fsr-3186	114	18	net	net	ADJ
fsr-3186	114	19	investor	investor	NOUN
fsr-3186	114	20	cash	cash	NOUN
fsr-3186	114	21	flow	flow	NOUN
fsr-3186	114	22	,	,	PUNCT
fsr-3186	114	23	it	it	PRON
fsr-3186	114	24	may	may	AUX
fsr-3186	114	25	be	be	AUX
fsr-3186	114	26	safe	safe	ADJ
fsr-3186	114	27	to	to	PART
fsr-3186	114	28	infer	infer	VERB
fsr-3186	114	29	that	that	SCONJ
fsr-3186	114	30	an	an	DET
fsr-3186	114	31	investor	investor	NOUN
fsr-3186	114	32	’s	’s	PART
fsr-3186	114	33	preference	preference	NOUN
fsr-3186	114	34	for	for	ADP
fsr-3186	114	35	skewness	skewness	NOUN
fsr-3186	114	36	is	be	AUX
fsr-3186	114	37	based	base	VERB
fsr-3186	114	38	on	on	ADP
fsr-3186	114	39	the	the	DET
fsr-3186	114	40	upside	upside	ADJ
fsr-3186	114	41	potential	potential	NOUN
fsr-3186	114	42	signaled	signal	VERB
fsr-3186	114	43	by	by	ADP
fsr-3186	114	44	funds	fund	NOUN
fsr-3186	114	45	in	in	ADP
fsr-3186	114	46	the	the	DET
fsr-3186	114	47	market	market	NOUN
fsr-3186	114	48	that	that	PRON
fsr-3186	114	49	experience	experience	VERB
fsr-3186	114	50	recent	recent	ADJ
fsr-3186	114	51	high	high	ADJ
fsr-3186	114	52	returns	return	NOUN
fsr-3186	114	53	.	.	PUNCT
fsr-3186	115	1	skewness	skewness	NOUN
fsr-3186	115	2	is	be	AUX
fsr-3186	115	3	estimated	estimate	VERB
fsr-3186	115	4	mathematically	mathematically	ADV
fsr-3186	115	5	in	in	ADP
fsr-3186	115	6	the	the	DET
fsr-3186	115	7	equation	equation	NOUN
fsr-3186	115	8	below	below	ADP
fsr-3186	115	9	:	:	PUNCT
fsr-3186	115	10	skewness	skewness	NOUN
fsr-3186	115	11	!	!	PUNCT
fsr-3186	115	12	!	!	PUNCT
fsr-3186	116	1	i"ri	i"ri	PRON
fsr-3186	116	2	"	"	PUNCT
fsr-3186	117	1	#	#	SYM
fsr-3186	117	2	#	#	SYM
fsr-3186	117	3	3	3	NUM
fsr-3186	117	4	$	$	SYM
fsr-3186	117	5	3	3	NUM
fsr-3186	117	6	(	(	PUNCT
fsr-3186	117	7	1	1	NUM
fsr-3186	117	8	)	)	PUNCT
fsr-3186	117	9	where	where	SCONJ
fsr-3186	117	10	ri	ri	PROPN
fsr-3186	117	11	represents	represent	VERB
fsr-3186	117	12	the	the	DET
fsr-3186	117	13	monthly	monthly	ADJ
fsr-3186	117	14	return	return	NOUN
fsr-3186	117	15	of	of	ADP
fsr-3186	117	16	a	a	DET
fsr-3186	117	17	mutual	mutual	ADJ
fsr-3186	117	18	fund	fund	NOUN
fsr-3186	117	19	,	,	PUNCT
fsr-3186	117	20	#	#	NOUN
fsr-3186	117	21	and	and	CCONJ
fsr-3186	117	22	$	$	AUX
fsr-3186	117	23	symbolize	symbolize	NOUN
fsr-3186	117	24	the	the	DET
fsr-3186	117	25	mean	mean	NOUN
fsr-3186	117	26	and	and	CCONJ
fsr-3186	117	27	the	the	DET
fsr-3186	117	28	sd	sd	NOUN
fsr-3186	117	29	,	,	PUNCT
fsr-3186	117	30	respectively	respectively	ADV
fsr-3186	117	31	.	.	PUNCT
fsr-3186	118	1	one	one	NUM
fsr-3186	118	2	important	important	ADJ
fsr-3186	118	3	feature	feature	NOUN
fsr-3186	118	4	of	of	ADP
fsr-3186	118	5	total	total	ADJ
fsr-3186	118	6	skewness	skewness	NOUN
fsr-3186	118	7	is	be	AUX
fsr-3186	118	8	that	that	SCONJ
fsr-3186	118	9	it	it	PRON
fsr-3186	118	10	is	be	AUX
fsr-3186	118	11	scaled	scale	VERB
fsr-3186	118	12	by	by	ADP
fsr-3186	118	13	the	the	DET
fsr-3186	118	14	variance	variance	NOUN
fsr-3186	118	15	of	of	ADP
fsr-3186	118	16	returns	return	NOUN
fsr-3186	118	17	;	;	PUNCT
fsr-3186	118	18	this	this	PRON
fsr-3186	118	19	adjusts	adjust	VERB
fsr-3186	118	20	for	for	ADP
fsr-3186	118	21	any	any	DET
fsr-3186	118	22	relationship	relationship	NOUN
fsr-3186	118	23	between	between	ADP
fsr-3186	118	24	skewness	skewness	NOUN
fsr-3186	118	25	and	and	CCONJ
fsr-3186	118	26	variance	variance	NOUN
fsr-3186	118	27	.	.	PUNCT
fsr-3186	119	1	skewness	skewness	NOUN
fsr-3186	119	2	not	not	PART
fsr-3186	119	3	only	only	ADV
fsr-3186	119	4	captures	capture	VERB
fsr-3186	119	5	the	the	DET
fsr-3186	119	6	first	first	ADJ
fsr-3186	119	7	two	two	NUM
fsr-3186	119	8	moments	moment	NOUN
fsr-3186	119	9	(	(	PUNCT
fsr-3186	119	10	mean	mean	NOUN
fsr-3186	119	11	of	of	ADP
fsr-3186	119	12	the	the	DET
fsr-3186	119	13	return	return	NOUN
fsr-3186	119	14	distribution	distribution	NOUN
fsr-3186	119	15	and	and	CCONJ
fsr-3186	119	16	volatility	volatility	NOUN
fsr-3186	119	17	risk	risk	NOUN
fsr-3186	119	18	)	)	PUNCT
fsr-3186	119	19	but	but	CCONJ
fsr-3186	119	20	it	it	PRON
fsr-3186	119	21	also	also	ADV
fsr-3186	119	22	captures	capture	VERB
fsr-3186	119	23	asymmetry	asymmetry	NOUN
fsr-3186	119	24	that	that	PRON
fsr-3186	119	25	is	be	AUX
fsr-3186	119	26	characterized	characterize	VERB
fsr-3186	119	27	by	by	ADP
fsr-3186	119	28	the	the	DET
fsr-3186	119	29	third	third	ADJ
fsr-3186	119	30	moment	moment	NOUN
fsr-3186	119	31	.	.	PUNCT
fsr-3186	120	1	consistent	consistent	ADJ
fsr-3186	120	2	with	with	ADP
fsr-3186	120	3	the	the	DET
fsr-3186	120	4	idea	idea	NOUN
fsr-3186	120	5	that	that	SCONJ
fsr-3186	120	6	mutual	mutual	ADJ
fsr-3186	120	7	fund	fund	NOUN
fsr-3186	120	8	companies	company	NOUN
fsr-3186	120	9	launch	launch	VERB
fsr-3186	120	10	their	their	PRON
fsr-3186	120	11	best	good	ADJ
fsr-3186	120	12	incubated	incubate	VERB
fsr-3186	120	13	funds	fund	NOUN
fsr-3186	120	14	,	,	PUNCT
fsr-3186	120	15	we	we	PRON
fsr-3186	120	16	anticipate	anticipate	VERB
fsr-3186	120	17	that	that	SCONJ
fsr-3186	120	18	the	the	DET
fsr-3186	120	19	returns	return	NOUN
fsr-3186	120	20	of	of	ADP
fsr-3186	120	21	incubated	incubate	VERB
fsr-3186	120	22	mutual	mutual	ADJ
fsr-3186	120	23	funds	fund	NOUN
fsr-3186	120	24	are	be	AUX
fsr-3186	120	25	more	more	ADV
fsr-3186	120	26	positively	positively	ADV
fsr-3186	120	27	skewed	skew	VERB
fsr-3186	120	28	while	while	SCONJ
fsr-3186	120	29	in	in	ADP
fsr-3186	120	30	incubation	incubation	NOUN
fsr-3186	120	31	(	(	PUNCT
fsr-3186	120	32	fig	fig	NOUN
fsr-3186	120	33	.	.	PUNCT
fsr-3186	121	1	1	1	NUM
fsr-3186	121	2	)	)	PUNCT
fsr-3186	121	3	.	.	PUNCT
fsr-3186	122	1	similar	similar	ADJ
fsr-3186	122	2	to	to	ADP
fsr-3186	122	3	consumers	consumer	NOUN
fsr-3186	122	4	who	who	PRON
fsr-3186	122	5	purchase	purchase	VERB
fsr-3186	122	6	a	a	DET
fsr-3186	122	7	lottery	lottery	NOUN
fsr-3186	122	8	ticket	ticket	NOUN
fsr-3186	122	9	with	with	ADP
fsr-3186	122	10	the	the	DET
fsr-3186	122	11	hope	hope	NOUN
fsr-3186	122	12	of	of	ADP
fsr-3186	122	13	experiencing	experience	VERB
fsr-3186	122	14	a	a	DET
fsr-3186	122	15	windfall	windfall	NOUN
fsr-3186	122	16	,	,	PUNCT
fsr-3186	122	17	mutual	mutual	ADJ
fsr-3186	122	18	fund	fund	NOUN
fsr-3186	122	19	investors	investor	NOUN
fsr-3186	122	20	will	will	AUX
fsr-3186	122	21	purchase	purchase	VERB
fsr-3186	122	22	incubated	incubate	VERB
fsr-3186	122	23	mutual	mutual	ADJ
fsr-3186	122	24	funds	fund	NOUN
fsr-3186	122	25	that	that	PRON
fsr-3186	122	26	signal	signal	VERB
fsr-3186	122	27	the	the	DET
fsr-3186	122	28	ability	ability	NOUN
fsr-3186	122	29	to	to	PART
fsr-3186	122	30	generate	generate	VERB
fsr-3186	122	31	above	above	ADP
fsr-3186	122	32	average	average	ADJ
fsr-3186	122	33	returns	return	NOUN
fsr-3186	122	34	.	.	PUNCT
fsr-3186	123	1	in	in	ADP
fsr-3186	123	2	other	other	ADJ
fsr-3186	123	3	words	word	NOUN
fsr-3186	123	4	,	,	PUNCT
fsr-3186	123	5	by	by	ADP
fsr-3186	123	6	marketing	market	VERB
fsr-3186	123	7	the	the	DET
fsr-3186	123	8	high	high	ADJ
fsr-3186	123	9	returns	return	NOUN
fsr-3186	123	10	of	of	ADP
fsr-3186	123	11	incubated	incubate	VERB
fsr-3186	123	12	funds	fund	NOUN
fsr-3186	123	13	,	,	PUNCT
fsr-3186	123	14	mutual	mutual	ADJ
fsr-3186	123	15	fund	fund	NOUN
fsr-3186	123	16	companies	company	NOUN
fsr-3186	123	17	are	be	AUX
fsr-3186	123	18	sending	send	VERB
fsr-3186	123	19	a	a	DET
fsr-3186	123	20	signal	signal	NOUN
fsr-3186	123	21	to	to	ADP
fsr-3186	123	22	consumers	consumer	NOUN
fsr-3186	123	23	that	that	SCONJ
fsr-3186	123	24	they	they	PRON
fsr-3186	123	25	have	have	AUX
fsr-3186	123	26	identified	identify	VERB
fsr-3186	123	27	fund	fund	NOUN
fsr-3186	123	28	managers	manager	NOUN
fsr-3186	123	29	with	with	ADP
fsr-3186	123	30	superior	superior	ADJ
fsr-3186	123	31	stock	stock	NOUN
fsr-3186	123	32	picking	picking	NOUN
fsr-3186	123	33	skills	skill	NOUN
fsr-3186	123	34	.	.	PUNCT
fsr-3186	124	1	table	table	NOUN
fsr-3186	124	2	3	3	NUM
fsr-3186	124	3	two	two	NUM
fsr-3186	124	4	sample	sample	NOUN
fsr-3186	124	5	t	t	PROPN
fsr-3186	124	6	test	test	NOUN
fsr-3186	124	7	comparing	compare	VERB
fsr-3186	124	8	incubated	incubate	VERB
fsr-3186	124	9	and	and	CCONJ
fsr-3186	124	10	non	non	ADJ
fsr-3186	124	11	-	-	ADJ
fsr-3186	124	12	incubated	incubate	VERB
fsr-3186	124	13	funds	fund	NOUN
fsr-3186	124	14	variable	variable	NOUN
fsr-3186	124	15	incubated	incubate	VERB
fsr-3186	124	16	nonincubated	nonincubated	ADJ
fsr-3186	124	17	difference	difference	NOUN
fsr-3186	124	18	test	test	NOUN
fsr-3186	124	19	-	-	PUNCT
fsr-3186	124	20	statistic	statistic	NOUN
fsr-3186	124	21	expense	expense	NOUN
fsr-3186	124	22	ratio	ratio	NOUN
fsr-3186	124	23	1.75	1.75	NUM
fsr-3186	124	24	1.67	1.67	NUM
fsr-3186	124	25	$	$	SYM
fsr-3186	124	26	0.08	0.08	NUM
fsr-3186	124	27	*	*	SYM
fsr-3186	124	28	*	*	PUNCT
fsr-3186	124	29	$	$	SYM
fsr-3186	124	30	2.29	2.29	NUM
fsr-3186	124	31	tna	tna	NOUN
fsr-3186	124	32	79.90	79.90	NUM
fsr-3186	124	33	120.3	120.3	NUM
fsr-3186	124	34	40.44	40.44	NUM
fsr-3186	124	35	*	*	PUNCT
fsr-3186	124	36	*	*	PUNCT
fsr-3186	124	37	*	*	PUNCT
fsr-3186	124	38	3.25	3.25	NUM
fsr-3186	124	39	manager	manager	NOUN
fsr-3186	124	40	tenure	tenure	NOUN
fsr-3186	124	41	6.09	6.09	NUM
fsr-3186	124	42	5.0	5.0	NUM
fsr-3186	124	43	$	$	SYM
fsr-3186	124	44	0.30	0.30	NUM
fsr-3186	124	45	$	$	SYM
fsr-3186	124	46	1.27	1.27	NUM
fsr-3186	124	47	note	note	NOUN
fsr-3186	124	48	.	.	PUNCT
fsr-3186	125	1	table	table	NOUN
fsr-3186	125	2	3	3	NUM
fsr-3186	125	3	presents	present	VERB
fsr-3186	125	4	the	the	DET
fsr-3186	125	5	results	result	NOUN
fsr-3186	125	6	of	of	ADP
fsr-3186	125	7	a	a	DET
fsr-3186	125	8	two	two	NUM
fsr-3186	125	9	sample	sample	NOUN
fsr-3186	125	10	t	t	NOUN
fsr-3186	125	11	test	test	NOUN
fsr-3186	125	12	used	use	VERB
fsr-3186	125	13	to	to	PART
fsr-3186	125	14	compare	compare	VERB
fsr-3186	125	15	the	the	DET
fsr-3186	125	16	differences	difference	NOUN
fsr-3186	125	17	in	in	ADP
fsr-3186	125	18	expense	expense	NOUN
fsr-3186	125	19	ratio	ratio	NOUN
fsr-3186	125	20	,	,	PUNCT
fsr-3186	125	21	total	total	ADJ
fsr-3186	125	22	net	net	ADJ
fsr-3186	125	23	assets	asset	NOUN
fsr-3186	125	24	(	(	PUNCT
fsr-3186	125	25	tna	tna	PROPN
fsr-3186	125	26	)	)	PUNCT
fsr-3186	125	27	,	,	PUNCT
fsr-3186	125	28	and	and	CCONJ
fsr-3186	125	29	manager	manager	NOUN
fsr-3186	125	30	tenure	tenure	NOUN
fsr-3186	125	31	of	of	ADP
fsr-3186	125	32	incubated	incubate	VERB
fsr-3186	125	33	and	and	CCONJ
fsr-3186	125	34	non	non	ADJ
fsr-3186	125	35	-	-	ADJ
fsr-3186	125	36	incubated	incubate	VERB
fsr-3186	125	37	mutual	mutual	ADJ
fsr-3186	125	38	funds	fund	NOUN
fsr-3186	125	39	.	.	PUNCT
fsr-3186	126	1	additionally	additionally	ADV
fsr-3186	126	2	,	,	PUNCT
fsr-3186	126	3	present	present	ADJ
fsr-3186	126	4	in	in	ADP
fsr-3186	126	5	the	the	DET
fsr-3186	126	6	table	table	NOUN
fsr-3186	126	7	is	be	AUX
fsr-3186	126	8	the	the	DET
fsr-3186	126	9	statistical	statistical	ADJ
fsr-3186	126	10	difference	difference	NOUN
fsr-3186	126	11	and	and	CCONJ
fsr-3186	126	12	swatterthwaite	swatterthwaite	NOUN
fsr-3186	126	13	test	test	NOUN
fsr-3186	126	14	statistics	statistic	NOUN
fsr-3186	126	15	.	.	PUNCT
fsr-3186	127	1	incubated	incubate	VERB
fsr-3186	127	2	n	n	CCONJ
fsr-3186	127	3	%	%	NOUN
fsr-3186	127	4	389	389	NUM
fsr-3186	127	5	,	,	PUNCT
fsr-3186	127	6	non	non	ADJ
fsr-3186	127	7	-	-	ADJ
fsr-3186	127	8	incubated	incubated	ADJ
fsr-3186	127	9	n	n	PRON
fsr-3186	127	10	%	%	NOUN
fsr-3186	127	11	1,039	1,039	NUM
fsr-3186	127	12	.	.	PUNCT
fsr-3186	128	1	*	*	PUNCT
fsr-3186	128	2	significant	significant	ADJ
fsr-3186	128	3	at	at	ADP
fsr-3186	128	4	5	5	NUM
fsr-3186	128	5	%	%	NOUN
fsr-3186	128	6	,	,	PUNCT
fsr-3186	128	7	*	*	PUNCT
fsr-3186	128	8	*	*	PUNCT
fsr-3186	128	9	significant	significant	ADJ
fsr-3186	128	10	at	at	ADP
fsr-3186	128	11	1	1	NUM
fsr-3186	128	12	%	%	NOUN
fsr-3186	128	13	,	,	PUNCT
fsr-3186	128	14	and	and	CCONJ
fsr-3186	129	1	*	*	PUNCT
fsr-3186	129	2	*	*	PUNCT
fsr-3186	129	3	*	*	VERB
fsr-3186	129	4	significant	significant	ADJ
fsr-3186	129	5	at	at	ADP
fsr-3186	129	6	0.1	0.1	NUM
fsr-3186	129	7	%	%	NOUN
fsr-3186	129	8	.	.	PUNCT
fsr-3186	130	1	68	68	NUM
fsr-3186	130	2	p.	p.	NOUN
fsr-3186	130	3	gibson	gibson	PROPN
fsr-3186	130	4	,	,	PUNCT
fsr-3186	130	5	m.	m.	NOUN
fsr-3186	130	6	finke	finke	PROPN
fsr-3186	130	7	/	/	SYM
fsr-3186	130	8	financial	financial	ADJ
fsr-3186	130	9	services	service	NOUN
fsr-3186	130	10	review	review	VERB
fsr-3186	130	11	23	23	NUM
fsr-3186	130	12	(	(	PUNCT
fsr-3186	130	13	2014	2014	NUM
fsr-3186	130	14	)	)	PUNCT
fsr-3186	130	15	63–75	63–75	NUM
fsr-3186	130	16	6.1	6.1	NUM
fsr-3186	130	17	.	.	PUNCT
fsr-3186	131	1	results	result	NOUN
fsr-3186	131	2	table	table	VERB
fsr-3186	131	3	4	4	NUM
fsr-3186	131	4	presents	present	VERB
fsr-3186	131	5	the	the	DET
fsr-3186	131	6	descriptive	descriptive	ADJ
fsr-3186	131	7	characteristic	characteristic	NOUN
fsr-3186	131	8	of	of	ADP
fsr-3186	131	9	incubated	incubate	VERB
fsr-3186	131	10	mutual	mutual	ADJ
fsr-3186	131	11	funds	fund	NOUN
fsr-3186	131	12	preand	preand	VERB
fsr-3186	131	13	postincubation	postincubation	NOUN
fsr-3186	131	14	.	.	PUNCT
fsr-3186	132	1	the	the	DET
fsr-3186	132	2	results	result	NOUN
fsr-3186	132	3	in	in	ADP
fsr-3186	132	4	the	the	DET
fsr-3186	132	5	table	table	NOUN
fsr-3186	132	6	indicate	indicate	VERB
fsr-3186	132	7	that	that	SCONJ
fsr-3186	132	8	the	the	DET
fsr-3186	132	9	average	average	ADJ
fsr-3186	132	10	raw	raw	ADJ
fsr-3186	132	11	return	return	NOUN
fsr-3186	132	12	net	net	NOUN
fsr-3186	132	13	of	of	ADP
fsr-3186	132	14	fees	fee	NOUN
fsr-3186	132	15	is	be	AUX
fsr-3186	132	16	higher	high	ADJ
fsr-3186	132	17	for	for	ADP
fsr-3186	132	18	incubated	incubate	VERB
fsr-3186	132	19	funds	fund	NOUN
fsr-3186	132	20	while	while	SCONJ
fsr-3186	132	21	in	in	ADP
fsr-3186	132	22	incubation	incubation	NOUN
fsr-3186	132	23	.	.	PUNCT
fsr-3186	133	1	this	this	DET
fsr-3186	133	2	result	result	NOUN
fsr-3186	133	3	is	be	AUX
fsr-3186	133	4	also	also	ADV
fsr-3186	133	5	statistically	statistically	ADV
fsr-3186	133	6	significant	significant	ADJ
fsr-3186	133	7	;	;	PUNCT
fsr-3186	133	8	however	however	ADV
fsr-3186	133	9	,	,	PUNCT
fsr-3186	133	10	this	this	PRON
fsr-3186	133	11	can	can	AUX
fsr-3186	133	12	be	be	AUX
fsr-3186	133	13	attributed	attribute	VERB
fsr-3186	133	14	to	to	ADP
fsr-3186	133	15	the	the	DET
fsr-3186	133	16	mutual	mutual	ADJ
fsr-3186	133	17	fund	fund	NOUN
fsr-3186	133	18	families	family	NOUN
fsr-3186	133	19	launching	launch	VERB
fsr-3186	133	20	their	their	PRON
fsr-3186	133	21	best	good	ADJ
fsr-3186	133	22	performing	performing	NOUN
fsr-3186	133	23	funds	fund	NOUN
fsr-3186	133	24	ex	ex	PRON
fsr-3186	133	25	post	post	NOUN
fsr-3186	133	26	returns	return	NOUN
fsr-3186	133	27	.	.	PUNCT
fsr-3186	134	1	arguably	arguably	ADV
fsr-3186	134	2	this	this	PRON
fsr-3186	134	3	will	will	AUX
fsr-3186	134	4	always	always	ADV
fsr-3186	134	5	be	be	AUX
fsr-3186	134	6	the	the	DET
fsr-3186	134	7	case	case	NOUN
fsr-3186	134	8	,	,	PUNCT
fsr-3186	134	9	because	because	SCONJ
fsr-3186	134	10	those	those	DET
fsr-3186	134	11	funds	fund	NOUN
fsr-3186	134	12	that	that	PRON
fsr-3186	134	13	perform	perform	VERB
fsr-3186	134	14	poorly	poorly	ADV
fsr-3186	134	15	in	in	ADP
fsr-3186	134	16	incubation	incubation	NOUN
fsr-3186	134	17	are	be	AUX
fsr-3186	134	18	eliminated	eliminate	VERB
fsr-3186	134	19	and	and	CCONJ
fsr-3186	134	20	not	not	PART
fsr-3186	134	21	made	make	VERB
fsr-3186	134	22	available	available	ADJ
fsr-3186	134	23	to	to	ADP
fsr-3186	134	24	the	the	DET
fsr-3186	134	25	public	public	NOUN
fsr-3186	134	26	.	.	PUNCT
fsr-3186	135	1	using	use	VERB
fsr-3186	135	2	incubation	incubation	NOUN
fsr-3186	135	3	as	as	ADP
fsr-3186	135	4	a	a	DET
fsr-3186	135	5	strategy	strategy	NOUN
fsr-3186	135	6	to	to	PART
fsr-3186	135	7	gain	gain	VERB
fsr-3186	135	8	investor	investor	NOUN
fsr-3186	135	9	attention	attention	NOUN
fsr-3186	135	10	appears	appear	VERB
fsr-3186	135	11	to	to	PART
fsr-3186	135	12	be	be	AUX
fsr-3186	135	13	a	a	DET
fsr-3186	135	14	success	success	NOUN
fsr-3186	135	15	.	.	PUNCT
fsr-3186	136	1	the	the	DET
fsr-3186	136	2	result	result	NOUN
fsr-3186	136	3	show	show	VERB
fsr-3186	136	4	that	that	SCONJ
fsr-3186	136	5	,	,	PUNCT
fsr-3186	136	6	on	on	ADP
fsr-3186	136	7	a	a	DET
fsr-3186	136	8	ve	ve	NOUN
fsr-3186	136	9	ra	ra	NOUN
fsr-3186	136	10	ge	ge	PROPN
fsr-3186	136	11	r	r	NOUN
fsr-3186	136	12	et	et	NOUN
fsr-3186	136	13	ur	ur	INTJ
fsr-3186	136	14	n	n	ADV
fsr-3186	136	15	months	month	NOUN
fsr-3186	136	16	before	before	ADV
fsr-3186	136	17	/	/	SYM
fsr-3186	136	18	after	after	ADP
fsr-3186	136	19	inception	inception	PROPN
fsr-3186	136	20	fig	fig	NOUN
fsr-3186	136	21	.	.	PUNCT
fsr-3186	137	1	1	1	X
fsr-3186	137	2	.	.	X
fsr-3186	137	3	average	average	ADJ
fsr-3186	137	4	return	return	NOUN
fsr-3186	137	5	of	of	ADP
fsr-3186	137	6	incubated	incubate	VERB
fsr-3186	137	7	funds	fund	NOUN
fsr-3186	137	8	post	post	NOUN
fsr-3186	137	9	-	-	NOUN
fsr-3186	137	10	incubation	incubation	ADJ
fsr-3186	137	11	and	and	CCONJ
fsr-3186	137	12	pre	pre	NOUN
fsr-3186	137	13	-	-	NOUN
fsr-3186	137	14	incubation	incubation	NOUN
fsr-3186	137	15	.	.	PUNCT
fsr-3186	138	1	table	table	NOUN
fsr-3186	138	2	4	4	NUM
fsr-3186	138	3	t	t	NOUN
fsr-3186	138	4	-	-	PUNCT
fsr-3186	138	5	test	test	NOUN
fsr-3186	138	6	comparing	compare	VERB
fsr-3186	138	7	various	various	ADJ
fsr-3186	138	8	characteristics	characteristic	NOUN
fsr-3186	138	9	of	of	ADP
fsr-3186	138	10	incubated	incubate	VERB
fsr-3186	138	11	mutual	mutual	ADJ
fsr-3186	138	12	funds	fund	NOUN
fsr-3186	138	13	post	post	NOUN
fsr-3186	138	14	-	-	NOUN
fsr-3186	138	15	incubation	incubation	NOUN
fsr-3186	138	16	and	and	CCONJ
fsr-3186	138	17	during	during	ADP
fsr-3186	138	18	incubation	incubation	NOUN
fsr-3186	138	19	variable	variable	ADJ
fsr-3186	138	20	postincubation	postincubation	NOUN
fsr-3186	138	21	during	during	ADP
fsr-3186	138	22	incubation	incubation	NOUN
fsr-3186	138	23	(	(	PUNCT
fsr-3186	138	24	9,168	9,168	NUM
fsr-3186	138	25	)	)	PUNCT
fsr-3186	138	26	difference	difference	NOUN
fsr-3186	138	27	t	t	NOUN
fsr-3186	138	28	value	value	NOUN
fsr-3186	138	29	raw	raw	ADJ
fsr-3186	138	30	return	return	NOUN
fsr-3186	138	31	0.37	0.37	NUM
fsr-3186	138	32	0.55	0.55	NUM
fsr-3186	138	33	$	$	SYM
fsr-3186	138	34	0.17	0.17	NUM
fsr-3186	138	35	*	*	PUNCT
fsr-3186	138	36	*	*	PUNCT
fsr-3186	138	37	*	*	PUNCT
fsr-3186	138	38	3.77	3.77	NUM
fsr-3186	138	39	expense	expense	NOUN
fsr-3186	138	40	ratio	ratio	NOUN
fsr-3186	138	41	1.77	1.77	NUM
fsr-3186	138	42	1.80	1.80	NUM
fsr-3186	138	43	0.01	0.01	NUM
fsr-3186	138	44	0.93	0.93	NUM
fsr-3186	138	45	tna	tna	NOUN
fsr-3186	138	46	89.28	89.28	NUM
fsr-3186	138	47	18.27	18.27	NUM
fsr-3186	138	48	71.00	71.00	NUM
fsr-3186	138	49	*	*	PUNCT
fsr-3186	138	50	*	*	PUNCT
fsr-3186	139	1	*	*	X
fsr-3186	139	2	29.04	29.04	NUM
fsr-3186	139	3	turn	turn	NOUN
fsr-3186	139	4	91.68	91.68	NUM
fsr-3186	139	5	96.87	96.87	NUM
fsr-3186	139	6	$	$	SYM
fsr-3186	139	7	5.19	5.19	NUM
fsr-3186	139	8	*	*	PUNCT
fsr-3186	139	9	*	*	PUNCT
fsr-3186	139	10	*	*	PUNCT
fsr-3186	139	11	4.22	4.22	NUM
fsr-3186	139	12	number	number	NOUN
fsr-3186	139	13	of	of	ADP
fsr-3186	139	14	observation	observation	NOUN
fsr-3186	139	15	42,085	42,085	NUM
fsr-3186	139	16	9,168	9,168	NUM
fsr-3186	139	17	note	note	NOUN
fsr-3186	139	18	.	.	PUNCT
fsr-3186	140	1	this	this	DET
fsr-3186	140	2	table	table	NOUN
fsr-3186	140	3	contains	contain	VERB
fsr-3186	140	4	the	the	DET
fsr-3186	140	5	descriptive	descriptive	ADJ
fsr-3186	140	6	statistics	statistic	NOUN
fsr-3186	140	7	of	of	ADP
fsr-3186	140	8	mutual	mutual	ADJ
fsr-3186	140	9	funds	fund	NOUN
fsr-3186	140	10	,	,	PUNCT
fsr-3186	140	11	post	post	NOUN
fsr-3186	140	12	-	-	NOUN
fsr-3186	140	13	incubation	incubation	NOUN
fsr-3186	140	14	and	and	CCONJ
fsr-3186	140	15	during	during	ADP
fsr-3186	140	16	incubation	incubation	NOUN
fsr-3186	140	17	.	.	PUNCT
fsr-3186	141	1	the	the	DET
fsr-3186	141	2	mean	mean	ADJ
fsr-3186	141	3	and	and	CCONJ
fsr-3186	141	4	statistical	statistical	ADJ
fsr-3186	141	5	differences	difference	NOUN
fsr-3186	141	6	with	with	ADP
fsr-3186	141	7	t	t	PROPN
fsr-3186	141	8	values	value	NOUN
fsr-3186	141	9	are	be	AUX
fsr-3186	141	10	report	report	NOUN
fsr-3186	141	11	for	for	ADP
fsr-3186	141	12	skewness	skewness	NOUN
fsr-3186	141	13	,	,	PUNCT
fsr-3186	141	14	annual	annual	ADJ
fsr-3186	141	15	returns	return	NOUN
fsr-3186	141	16	net	net	NOUN
fsr-3186	141	17	of	of	ADP
fsr-3186	141	18	fees	fee	NOUN
fsr-3186	141	19	,	,	PUNCT
fsr-3186	141	20	expense	expense	NOUN
fsr-3186	141	21	ratio	ratio	NOUN
fsr-3186	141	22	,	,	PUNCT
fsr-3186	141	23	total	total	ADJ
fsr-3186	141	24	net	net	ADJ
fsr-3186	141	25	assets	asset	NOUN
fsr-3186	141	26	(	(	PUNCT
fsr-3186	141	27	tna	tna	PROPN
fsr-3186	141	28	)	)	PUNCT
fsr-3186	141	29	,	,	PUNCT
fsr-3186	141	30	and	and	CCONJ
fsr-3186	141	31	turnover	turnover	NOUN
fsr-3186	141	32	ratio	ratio	NOUN
fsr-3186	141	33	(	(	PUNCT
fsr-3186	141	34	turn	turn	NOUN
fsr-3186	141	35	)	)	PUNCT
fsr-3186	141	36	.	.	PUNCT
fsr-3186	142	1	*	*	PUNCT
fsr-3186	142	2	significant	significant	ADJ
fsr-3186	142	3	at	at	ADP
fsr-3186	142	4	5	5	NUM
fsr-3186	142	5	%	%	NOUN
fsr-3186	142	6	,	,	PUNCT
fsr-3186	142	7	*	*	PUNCT
fsr-3186	142	8	*	*	PUNCT
fsr-3186	142	9	significant	significant	ADJ
fsr-3186	142	10	at	at	ADP
fsr-3186	142	11	1	1	NUM
fsr-3186	142	12	%	%	NOUN
fsr-3186	142	13	,	,	PUNCT
fsr-3186	142	14	and	and	CCONJ
fsr-3186	143	1	*	*	PUNCT
fsr-3186	143	2	*	*	PUNCT
fsr-3186	143	3	*	*	VERB
fsr-3186	143	4	significant	significant	ADJ
fsr-3186	143	5	at	at	ADP
fsr-3186	143	6	0.1	0.1	NUM
fsr-3186	143	7	%	%	NOUN
fsr-3186	143	8	.	.	PUNCT
fsr-3186	144	1	69p	69p	NOUN
fsr-3186	144	2	.	.	PUNCT
fsr-3186	145	1	gibson	gibson	PROPN
fsr-3186	145	2	,	,	PUNCT
fsr-3186	145	3	m.	m.	NOUN
fsr-3186	145	4	finke	finke	PROPN
fsr-3186	145	5	/	/	SYM
fsr-3186	145	6	financial	financial	ADJ
fsr-3186	145	7	services	service	NOUN
fsr-3186	145	8	review	review	VERB
fsr-3186	145	9	23	23	NUM
fsr-3186	145	10	(	(	PUNCT
fsr-3186	145	11	2014	2014	NUM
fsr-3186	145	12	)	)	PUNCT
fsr-3186	146	1	63–75	63–75	NUM
fsr-3186	146	2	average	average	ADJ
fsr-3186	146	3	,	,	PUNCT
fsr-3186	146	4	incubated	incubate	VERB
fsr-3186	146	5	mutual	mutual	ADJ
fsr-3186	146	6	funds	fund	NOUN
fsr-3186	146	7	quadruple	quadruple	VERB
fsr-3186	146	8	in	in	ADP
fsr-3186	146	9	size	size	NOUN
fsr-3186	146	10	shortly	shortly	ADV
fsr-3186	146	11	after	after	ADP
fsr-3186	146	12	being	be	AUX
fsr-3186	146	13	made	make	VERB
fsr-3186	146	14	publicly	publicly	ADV
fsr-3186	146	15	available	available	ADJ
fsr-3186	146	16	.	.	PUNCT
fsr-3186	147	1	fig	fig	NOUN
fsr-3186	147	2	.	.	PUNCT
fsr-3186	148	1	2	2	NUM
fsr-3186	148	2	plots	plot	NOUN
fsr-3186	148	3	the	the	DET
fsr-3186	148	4	average	average	ADJ
fsr-3186	148	5	raw	raw	ADJ
fsr-3186	148	6	returns	return	NOUN
fsr-3186	148	7	of	of	ADP
fsr-3186	148	8	incubated	incubate	VERB
fsr-3186	148	9	funds	fund	NOUN
fsr-3186	148	10	preand	preand	VERB
fsr-3186	148	11	post	post	NOUN
fsr-3186	148	12	-	-	NOUN
fsr-3186	148	13	incubation	incubation	NOUN
fsr-3186	148	14	.	.	PUNCT
fsr-3186	149	1	the	the	DET
fsr-3186	149	2	reduction	reduction	NOUN
fsr-3186	149	3	in	in	ADP
fsr-3186	149	4	performance	performance	NOUN
fsr-3186	149	5	post	post	NOUN
fsr-3186	149	6	-	-	NOUN
fsr-3186	149	7	incubation	incubation	NOUN
fsr-3186	149	8	can	can	AUX
fsr-3186	149	9	be	be	AUX
fsr-3186	149	10	attributed	attribute	VERB
fsr-3186	149	11	to	to	ADP
fsr-3186	149	12	a	a	DET
fsr-3186	149	13	few	few	ADJ
fsr-3186	149	14	factors	factor	NOUN
fsr-3186	149	15	.	.	PUNCT
fsr-3186	150	1	first	first	ADV
fsr-3186	150	2	,	,	PUNCT
fsr-3186	150	3	there	there	PRON
fsr-3186	150	4	is	be	VERB
fsr-3186	150	5	clearly	clearly	ADV
fsr-3186	150	6	a	a	DET
fsr-3186	150	7	selection	selection	NOUN
fsr-3186	150	8	bias	bias	NOUN
fsr-3186	150	9	since	since	SCONJ
fsr-3186	150	10	funds	fund	NOUN
fsr-3186	150	11	that	that	PRON
fsr-3186	150	12	perform	perform	VERB
fsr-3186	150	13	well	well	ADV
fsr-3186	150	14	during	during	ADP
fsr-3186	150	15	incubation	incubation	NOUN
fsr-3186	150	16	are	be	AUX
fsr-3186	150	17	more	more	ADV
fsr-3186	150	18	likely	likely	ADJ
fsr-3186	150	19	to	to	PART
fsr-3186	150	20	be	be	AUX
fsr-3186	150	21	sold	sell	VERB
fsr-3186	150	22	.	.	PUNCT
fsr-3186	151	1	however	however	ADV
fsr-3186	151	2	,	,	PUNCT
fsr-3186	151	3	this	this	DET
fsr-3186	151	4	strong	strong	ADJ
fsr-3186	151	5	performance	performance	NOUN
fsr-3186	151	6	during	during	ADP
fsr-3186	151	7	incubation	incubation	NOUN
fsr-3186	151	8	can	can	AUX
fsr-3186	151	9	simply	simply	ADV
fsr-3186	151	10	be	be	AUX
fsr-3186	151	11	attributed	attribute	VERB
fsr-3186	151	12	to	to	ADP
fsr-3186	151	13	luck	luck	NOUN
fsr-3186	151	14	or	or	CCONJ
fsr-3186	151	15	random	random	ADJ
fsr-3186	151	16	chance	chance	NOUN
fsr-3186	151	17	that	that	SCONJ
fsr-3186	151	18	that	that	PRON
fsr-3186	151	19	is	be	AUX
fsr-3186	151	20	not	not	PART
fsr-3186	151	21	sustainable	sustainable	ADJ
fsr-3186	151	22	post	post	NOUN
fsr-3186	151	23	-	-	NOUN
fsr-3186	151	24	incubation	incubation	NOUN
fsr-3186	151	25	.	.	PUNCT
fsr-3186	152	1	second	second	ADJ
fsr-3186	152	2	,	,	PUNCT
fsr-3186	152	3	mutual	mutual	ADJ
fsr-3186	152	4	fund	fund	NOUN
fsr-3186	152	5	companies	company	NOUN
fsr-3186	152	6	are	be	AUX
fsr-3186	152	7	able	able	ADJ
fsr-3186	152	8	to	to	PART
fsr-3186	152	9	give	give	VERB
fsr-3186	152	10	their	their	PRON
fsr-3186	152	11	mutual	mutual	ADJ
fsr-3186	152	12	funds	fund	NOUN
fsr-3186	152	13	preferential	preferential	ADJ
fsr-3186	152	14	treatment	treatment	NOUN
fsr-3186	152	15	during	during	ADP
fsr-3186	152	16	the	the	DET
fsr-3186	152	17	incubation	incubation	NOUN
fsr-3186	152	18	process	process	NOUN
fsr-3186	152	19	.	.	PUNCT
fsr-3186	153	1	as	as	SCONJ
fsr-3186	153	2	expected	expect	VERB
fsr-3186	153	3	,	,	PUNCT
fsr-3186	153	4	there	there	PRON
fsr-3186	153	5	is	be	VERB
fsr-3186	153	6	a	a	DET
fsr-3186	153	7	decline	decline	NOUN
fsr-3186	153	8	in	in	ADP
fsr-3186	153	9	incubated	incubate	VERB
fsr-3186	153	10	funds	fund	NOUN
fsr-3186	153	11	net	net	ADJ
fsr-3186	153	12	investor	investor	NOUN
fsr-3186	153	13	cash	cash	NOUN
fsr-3186	153	14	flow	flow	NOUN
fsr-3186	153	15	in	in	ADP
fsr-3186	153	16	years	year	NOUN
fsr-3186	153	17	following	follow	VERB
fsr-3186	153	18	inception	inception	NOUN
fsr-3186	153	19	as	as	ADP
fsr-3186	153	20	an	an	DET
fsr-3186	153	21	investor	investor	NOUN
fsr-3186	153	22	’s	’s	PART
fsr-3186	153	23	decision	decision	NOUN
fsr-3186	153	24	are	be	AUX
fsr-3186	153	25	driven	drive	VERB
fsr-3186	153	26	by	by	ADP
fsr-3186	153	27	performance	performance	NOUN
fsr-3186	153	28	.	.	PUNCT
fsr-3186	154	1	fig	fig	NOUN
fsr-3186	154	2	.	.	PUNCT
fsr-3186	155	1	3	3	NUM
fsr-3186	155	2	conveys	convey	VERB
fsr-3186	155	3	the	the	DET
fsr-3186	155	4	relative	relative	ADJ
fsr-3186	155	5	fund	fund	NOUN
fsr-3186	155	6	flows	flow	VERB
fsr-3186	155	7	to	to	AUX
fsr-3186	155	8	incubated	incubate	VERB
fsr-3186	155	9	funds	fund	NOUN
fsr-3186	155	10	post	post	NOUN
fsr-3186	155	11	-	-	NOUN
fsr-3186	155	12	inception	inception	NOUN
fsr-3186	155	13	.	.	PUNCT
fsr-3186	156	1	the	the	DET
fsr-3186	156	2	graph	graph	NOUN
fsr-3186	156	3	shows	show	VERB
fsr-3186	156	4	that	that	SCONJ
fsr-3186	156	5	there	there	PRON
fsr-3186	156	6	is	be	VERB
fsr-3186	156	7	an	an	DET
fsr-3186	156	8	increase	increase	NOUN
fsr-3186	156	9	in	in	ADP
fsr-3186	156	10	investor	investor	NOUN
fsr-3186	156	11	cash	cash	NOUN
fsr-3186	156	12	flow	flow	NOUN
fsr-3186	156	13	during	during	ADP
fsr-3186	156	14	the	the	DET
fsr-3186	156	15	first	first	ADJ
fsr-3186	156	16	year	year	NOUN
fsr-3186	156	17	after	after	ADP
fsr-3186	156	18	inception	inception	NOUN
fsr-3186	156	19	.	.	PUNCT
fsr-3186	157	1	however	however	ADV
fsr-3186	157	2	,	,	PUNCT
fsr-3186	157	3	there	there	PRON
fsr-3186	157	4	is	be	VERB
fsr-3186	157	5	a	a	DET
fsr-3186	157	6	steady	steady	ADJ
fsr-3186	157	7	decrease	decrease	NOUN
fsr-3186	157	8	from	from	ADP
fsr-3186	157	9	year	year	NOUN
fsr-3186	157	10	two	two	NUM
fsr-3186	157	11	going	go	VERB
fsr-3186	157	12	forward	forward	ADV
fsr-3186	157	13	.	.	PUNCT
fsr-3186	158	1	this	this	PRON
fsr-3186	158	2	is	be	AUX
fsr-3186	158	3	consistent	consistent	ADJ
fsr-3186	158	4	with	with	ADP
fsr-3186	158	5	the	the	DET
fsr-3186	158	6	notion	notion	NOUN
fsr-3186	158	7	that	that	SCONJ
fsr-3186	158	8	mutual	mutual	ADJ
fsr-3186	158	9	fund	fund	NOUN
fsr-3186	158	10	investors	investor	NOUN
fsr-3186	158	11	are	be	AUX
fsr-3186	158	12	myopic	myopic	ADJ
fsr-3186	158	13	return	return	NOUN
fsr-3186	158	14	chasers	chaser	NOUN
fsr-3186	158	15	.	.	PUNCT
fsr-3186	159	1	therefore	therefore	ADV
fsr-3186	159	2	,	,	PUNCT
fsr-3186	159	3	given	give	VERB
fsr-3186	159	4	that	that	SCONJ
fsr-3186	159	5	incubated	incubate	VERB
fsr-3186	159	6	funds	fund	NOUN
fsr-3186	159	7	do	do	AUX
fsr-3186	159	8	not	not	PART
fsr-3186	159	9	perform	perform	VERB
fsr-3186	159	10	well	well	ADV
fsr-3186	159	11	outside	outside	ADV
fsr-3186	159	12	of	of	ADP
fsr-3186	159	13	incubation	incubation	NOUN
fsr-3186	159	14	they	they	PRON
fsr-3186	159	15	do	do	AUX
fsr-3186	159	16	not	not	PART
fsr-3186	159	17	attract	attract	VERB
fsr-3186	159	18	the	the	DET
fsr-3186	159	19	interest	interest	NOUN
fsr-3186	159	20	of	of	ADP
fsr-3186	159	21	individual	individual	ADJ
fsr-3186	159	22	investors	investor	NOUN
fsr-3186	159	23	.	.	PUNCT
fsr-3186	160	1	the	the	DET
fsr-3186	160	2	process	process	NOUN
fsr-3186	160	3	of	of	ADP
fsr-3186	160	4	incubation	incubation	NOUN
fsr-3186	160	5	is	be	AUX
fsr-3186	160	6	clearly	clearly	ADV
fsr-3186	160	7	beneficial	beneficial	ADJ
fsr-3186	160	8	to	to	ADP
fsr-3186	160	9	mutual	mutual	ADJ
fsr-3186	160	10	fund	fund	NOUN
fsr-3186	160	11	companies	company	NOUN
fsr-3186	160	12	.	.	PUNCT
fsr-3186	161	1	by	by	ADP
fsr-3186	161	2	posting	post	VERB
fsr-3186	161	3	funds	fund	NOUN
fsr-3186	161	4	that	that	PRON
fsr-3186	161	5	are	be	AUX
fsr-3186	161	6	positively	positively	ADV
fsr-3186	161	7	skewed	skewed	ADJ
fsr-3186	161	8	,	,	PUNCT
fsr-3186	161	9	they	they	PRON
fsr-3186	161	10	are	be	AUX
fsr-3186	161	11	effectively	effectively	ADV
fsr-3186	161	12	able	able	ADJ
fsr-3186	161	13	to	to	PART
fsr-3186	161	14	grab	grab	VERB
fsr-3186	161	15	the	the	DET
fsr-3186	161	16	intention	intention	NOUN
fsr-3186	161	17	of	of	ADP
fsr-3186	161	18	investors	investor	NOUN
fsr-3186	161	19	who	who	PRON
fsr-3186	161	20	are	be	AUX
fsr-3186	161	21	looking	look	VERB
fsr-3186	161	22	for	for	ADP
fsr-3186	161	23	funds	fund	NOUN
fsr-3186	161	24	that	that	PRON
fsr-3186	161	25	have	have	VERB
fsr-3186	161	26	superior	superior	ADJ
fsr-3186	161	27	management	management	NOUN
fsr-3186	161	28	that	that	PRON
fsr-3186	161	29	can	can	AUX
fsr-3186	161	30	result	result	VERB
fsr-3186	161	31	in	in	ADP
fsr-3186	161	32	lottery	lottery	NOUN
fsr-3186	161	33	like	like	ADP
fsr-3186	161	34	returns	return	NOUN
fsr-3186	161	35	.	.	PUNCT
fsr-3186	162	1	this	this	PRON
fsr-3186	162	2	in	in	ADP
fsr-3186	162	3	turns	turn	NOUN
fsr-3186	162	4	increases	increase	VERB
fsr-3186	162	5	assets	asset	NOUN
fsr-3186	162	6	under	under	ADP
fsr-3186	162	7	management	management	NOUN
fsr-3186	162	8	generating	generate	VERB
fsr-3186	162	9	higher	high	ADJ
fsr-3186	162	10	income	income	NOUN
fsr-3186	162	11	for	for	ADP
fsr-3186	162	12	the	the	DET
fsr-3186	162	13	mutual	mutual	ADJ
fsr-3186	162	14	fund	fund	NOUN
fsr-3186	162	15	investment	investment	NOUN
fsr-3186	162	16	company	company	NOUN
fsr-3186	162	17	.	.	PUNCT
fsr-3186	163	1	6.2	6.2	NUM
fsr-3186	163	2	.	.	PUNCT
fsr-3186	164	1	the	the	DET
fsr-3186	164	2	impact	impact	NOUN
fsr-3186	164	3	of	of	ADP
fsr-3186	164	4	incubation	incubation	NOUN
fsr-3186	164	5	on	on	ADP
fsr-3186	164	6	fund	fund	NOUN
fsr-3186	164	7	flows	flow	NOUN
fsr-3186	164	8	in	in	ADP
fsr-3186	164	9	this	this	DET
fsr-3186	164	10	section	section	NOUN
fsr-3186	164	11	,	,	PUNCT
fsr-3186	164	12	we	we	PRON
fsr-3186	164	13	examine	examine	VERB
fsr-3186	164	14	the	the	DET
fsr-3186	164	15	investor	investor	NOUN
fsr-3186	164	16	preference	preference	NOUN
fsr-3186	164	17	for	for	ADP
fsr-3186	164	18	skewness	skewness	NOUN
fsr-3186	164	19	when	when	SCONJ
fsr-3186	164	20	investing	invest	VERB
fsr-3186	164	21	in	in	ADP
fsr-3186	164	22	incubated	incubate	VERB
fsr-3186	164	23	mutual	mutual	ADJ
fsr-3186	164	24	funds	fund	NOUN
fsr-3186	164	25	at	at	ADP
fsr-3186	164	26	inception	inception	NOUN
fsr-3186	164	27	.	.	PUNCT
fsr-3186	165	1	it	it	PRON
fsr-3186	165	2	is	be	AUX
fsr-3186	165	3	important	important	ADJ
fsr-3186	165	4	to	to	PART
fsr-3186	165	5	point	point	VERB
fsr-3186	165	6	out	out	ADP
fsr-3186	165	7	that	that	SCONJ
fsr-3186	165	8	our	our	PRON
fsr-3186	165	9	measure	measure	NOUN
fsr-3186	165	10	of	of	ADP
fsr-3186	165	11	net	net	ADJ
fsr-3186	165	12	investor	investor	NOUN
fsr-3186	165	13	cash	cash	NOUN
fsr-3186	165	14	flow	flow	NOUN
fsr-3186	165	15	comes	come	VERB
fsr-3186	165	16	directly	directly	ADV
fsr-3186	165	17	from	from	ADP
fsr-3186	165	18	morningstar	morningstar	PROPN
fsr-3186	165	19	direct	direct	NOUN
fsr-3186	165	20	and	and	CCONJ
fsr-3186	165	21	it	it	PRON
fsr-3186	165	22	is	be	AUX
fsr-3186	165	23	estimated	estimate	VERB
fsr-3186	165	24	by	by	ADP
fsr-3186	165	25	stripping	strip	VERB
fsr-3186	165	26	out	out	ADP
fsr-3186	165	27	two	two	NUM
fsr-3186	165	28	types	type	NOUN
fsr-3186	165	29	of	of	ADP
fsr-3186	165	30	activities	activity	NOUN
fsr-3186	165	31	.	.	PUNCT
fsr-3186	166	1	one	one	NUM
fsr-3186	166	2	is	be	AUX
fsr-3186	166	3	expected	expect	VERB
fsr-3186	166	4	growth	growth	NOUN
fsr-3186	166	5	of	of	ADP
fsr-3186	166	6	the	the	DET
fsr-3186	166	7	assets	asset	NOUN
fsr-3186	166	8	because	because	SCONJ
fsr-3186	166	9	of	of	ADP
fsr-3186	166	10	capital	capital	NOUN
fsr-3186	166	11	market	market	NOUN
fsr-3186	166	12	movements	movement	NOUN
fsr-3186	166	13	.	.	PUNCT
fsr-3186	167	1	the	the	DET
fsr-3186	167	2	other	other	ADJ
fsr-3186	167	3	is	be	AUX
fsr-3186	167	4	reinvestment	reinvestment	NOUN
fsr-3186	167	5	of	of	ADP
fsr-3186	167	6	the	the	DET
fsr-3186	167	7	capital	capital	NOUN
fsr-3186	167	8	gains	gain	NOUN
fsr-3186	167	9	and	and	CCONJ
fsr-3186	167	10	dividend	dividend	NOUN
fsr-3186	167	11	distributions	distribution	NOUN
fsr-3186	167	12	that	that	PRON
fsr-3186	167	13	a	a	DET
fsr-3186	167	14	ve	ve	VERB
fsr-3186	167	15	ra	ra	PROPN
fsr-3186	167	16	ge	ge	PROPN
fsr-3186	167	17	fu	fu	PROPN
fsr-3186	167	18	nd	nd	ADV
fsr-3186	167	19	n	n	NOUN
fsr-3186	167	20	et	et	NOUN
fsr-3186	167	21	c	c	PROPN
fsr-3186	167	22	as	as	ADP
fsr-3186	167	23	h	h	NOUN
fsr-3186	167	24	fl	fl	INTJ
fsr-3186	168	1	ow	ow	INTJ
fsr-3186	168	2	s	s	PART
fsr-3186	168	3	$	$	NUM
fsr-3186	168	4	years	year	NOUN
fsr-3186	168	5	after	after	ADP
fsr-3186	168	6	inception	inception	ADJ
fsr-3186	168	7	fig	fig	NOUN
fsr-3186	168	8	.	.	PUNCT
fsr-3186	169	1	2	2	X
fsr-3186	169	2	.	.	X
fsr-3186	169	3	this	this	DET
fsr-3186	169	4	figure	figure	NOUN
fsr-3186	169	5	shows	show	VERB
fsr-3186	169	6	net	net	ADJ
fsr-3186	169	7	investor	investor	NOUN
fsr-3186	169	8	cash	cash	NOUN
fsr-3186	169	9	flow	flow	NOUN
fsr-3186	169	10	post	post	NOUN
fsr-3186	169	11	-	-	NOUN
fsr-3186	169	12	incubation	incubation	NOUN
fsr-3186	169	13	.	.	PUNCT
fsr-3186	170	1	70	70	NUM
fsr-3186	170	2	p.	p.	PROPN
fsr-3186	170	3	gibson	gibson	PROPN
fsr-3186	170	4	,	,	PUNCT
fsr-3186	170	5	m.	m.	NOUN
fsr-3186	170	6	finke	finke	PROPN
fsr-3186	170	7	/	/	SYM
fsr-3186	170	8	financial	financial	ADJ
fsr-3186	170	9	services	service	NOUN
fsr-3186	170	10	review	review	VERB
fsr-3186	170	11	23	23	NUM
fsr-3186	170	12	(	(	PUNCT
fsr-3186	170	13	2014	2014	NUM
fsr-3186	170	14	)	)	PUNCT
fsr-3186	171	1	63–75	63–75	NUM
fsr-3186	171	2	occur	occur	VERB
fsr-3186	171	3	during	during	ADP
fsr-3186	171	4	the	the	DET
fsr-3186	171	5	calculation	calculation	NOUN
fsr-3186	171	6	month	month	NOUN
fsr-3186	171	7	.	.	PUNCT
fsr-3186	172	1	similar	similar	ADJ
fsr-3186	172	2	to	to	ADP
fsr-3186	172	3	evans	evans	PROPN
fsr-3186	172	4	(	(	PUNCT
fsr-3186	172	5	2010	2010	NUM
fsr-3186	172	6	)	)	PUNCT
fsr-3186	172	7	,	,	PUNCT
fsr-3186	172	8	the	the	DET
fsr-3186	172	9	dependent	dependent	ADJ
fsr-3186	172	10	variable	variable	NOUN
fsr-3186	172	11	is	be	AUX
fsr-3186	172	12	ranked	rank	VERB
fsr-3186	172	13	by	by	ADP
fsr-3186	172	14	year	year	NOUN
fsr-3186	172	15	and	and	CCONJ
fsr-3186	172	16	month	month	NOUN
fsr-3186	172	17	.	.	PUNCT
fsr-3186	173	1	we	we	PRON
fsr-3186	173	2	assign	assign	VERB
fsr-3186	173	3	a	a	DET
fsr-3186	173	4	fractional	fractional	ADJ
fsr-3186	173	5	rank	rank	NOUN
fsr-3186	173	6	to	to	ADP
fsr-3186	173	7	each	each	DET
fsr-3186	173	8	fund	fund	NOUN
fsr-3186	173	9	based	base	VERB
fsr-3186	173	10	on	on	ADP
fsr-3186	173	11	its	its	PRON
fsr-3186	173	12	net	net	ADJ
fsr-3186	173	13	dollar	dollar	NOUN
fsr-3186	173	14	flow	flow	NOUN
fsr-3186	173	15	for	for	ADP
fsr-3186	173	16	that	that	DET
fsr-3186	173	17	year	year	NOUN
fsr-3186	173	18	.	.	PUNCT
fsr-3186	174	1	we	we	PRON
fsr-3186	174	2	use	use	VERB
fsr-3186	174	3	a	a	DET
fsr-3186	174	4	fractional	fractional	ADJ
fsr-3186	174	5	rank	rank	NOUN
fsr-3186	174	6	instead	instead	ADV
fsr-3186	174	7	of	of	ADP
fsr-3186	174	8	the	the	DET
fsr-3186	174	9	direct	direct	ADJ
fsr-3186	174	10	measure	measure	NOUN
fsr-3186	174	11	of	of	ADP
fsr-3186	174	12	net	net	ADJ
fsr-3186	174	13	investor	investor	NOUN
fsr-3186	174	14	cash	cash	NOUN
fsr-3186	174	15	flow	flow	NOUN
fsr-3186	174	16	for	for	ADP
fsr-3186	174	17	two	two	NUM
fsr-3186	174	18	reasons	reason	NOUN
fsr-3186	174	19	.	.	PUNCT
fsr-3186	175	1	first	first	ADV
fsr-3186	175	2	,	,	PUNCT
fsr-3186	175	3	the	the	DET
fsr-3186	175	4	hypothesis	hypothesis	NOUN
fsr-3186	175	5	being	be	AUX
fsr-3186	175	6	tested	test	VERB
fsr-3186	175	7	is	be	AUX
fsr-3186	175	8	whether	whether	SCONJ
fsr-3186	175	9	incubated	incubate	VERB
fsr-3186	175	10	funds	fund	NOUN
fsr-3186	175	11	that	that	PRON
fsr-3186	175	12	are	be	AUX
fsr-3186	175	13	most	most	ADV
fsr-3186	175	14	skewed	skewed	ADJ
fsr-3186	175	15	at	at	ADP
fsr-3186	175	16	inception	inception	NOUN
fsr-3186	175	17	attract	attract	VERB
fsr-3186	175	18	a	a	DET
fsr-3186	175	19	greater	great	ADJ
fsr-3186	175	20	net	net	ADJ
fsr-3186	175	21	dollar	dollar	NOUN
fsr-3186	175	22	flow	flow	NOUN
fsr-3186	175	23	of	of	ADP
fsr-3186	175	24	funds	fund	NOUN
fsr-3186	175	25	.	.	PUNCT
fsr-3186	176	1	given	give	VERB
fsr-3186	176	2	variation	variation	NOUN
fsr-3186	176	3	in	in	ADP
fsr-3186	176	4	the	the	DET
fsr-3186	176	5	size	size	NOUN
fsr-3186	176	6	of	of	ADP
fsr-3186	176	7	younger	young	ADJ
fsr-3186	176	8	funds	fund	NOUN
fsr-3186	176	9	,	,	PUNCT
fsr-3186	176	10	using	use	VERB
fsr-3186	176	11	a	a	DET
fsr-3186	176	12	percentage	percentage	NOUN
fsr-3186	176	13	rank	rank	NOUN
fsr-3186	176	14	reduces	reduce	VERB
fsr-3186	176	15	the	the	DET
fsr-3186	176	16	probability	probability	NOUN
fsr-3186	176	17	that	that	SCONJ
fsr-3186	176	18	the	the	DET
fsr-3186	176	19	results	result	NOUN
fsr-3186	176	20	are	be	AUX
fsr-3186	176	21	driven	drive	VERB
fsr-3186	176	22	by	by	ADP
fsr-3186	176	23	outliers	outlier	NOUN
fsr-3186	176	24	.	.	PUNCT
fsr-3186	177	1	second	second	ADJ
fsr-3186	177	2	,	,	PUNCT
fsr-3186	177	3	because	because	SCONJ
fsr-3186	177	4	there	there	PRON
fsr-3186	177	5	is	be	VERB
fsr-3186	177	6	variation	variation	NOUN
fsr-3186	177	7	in	in	ADP
fsr-3186	177	8	the	the	DET
fsr-3186	177	9	net	net	ADJ
fsr-3186	177	10	cash	cash	NOUN
fsr-3186	177	11	flow	flow	NOUN
fsr-3186	177	12	to	to	ADP
fsr-3186	177	13	mutual	mutual	ADJ
fsr-3186	177	14	funds	fund	NOUN
fsr-3186	177	15	on	on	ADP
fsr-3186	177	16	a	a	DET
fsr-3186	177	17	yearly	yearly	ADJ
fsr-3186	177	18	basis	basis	NOUN
fsr-3186	177	19	,	,	PUNCT
fsr-3186	177	20	ranking	rank	VERB
fsr-3186	177	21	funds	fund	NOUN
fsr-3186	177	22	within	within	ADP
fsr-3186	177	23	each	each	DET
fsr-3186	177	24	time	time	NOUN
fsr-3186	177	25	-	-	PUNCT
fsr-3186	177	26	period	period	NOUN
fsr-3186	177	27	controls	control	NOUN
fsr-3186	177	28	for	for	ADP
fsr-3186	177	29	the	the	DET
fsr-3186	177	30	volatility	volatility	NOUN
fsr-3186	177	31	.	.	PUNCT
fsr-3186	178	1	while	while	SCONJ
fsr-3186	178	2	observing	observe	VERB
fsr-3186	178	3	mutual	mutual	ADJ
fsr-3186	178	4	funds	fund	NOUN
fsr-3186	178	5	net	net	ADJ
fsr-3186	178	6	investor	investor	NOUN
fsr-3186	178	7	cash	cash	NOUN
fsr-3186	178	8	flow	flow	NOUN
fsr-3186	178	9	,	,	PUNCT
fsr-3186	178	10	it	it	PRON
fsr-3186	178	11	is	be	AUX
fsr-3186	178	12	essential	essential	ADJ
fsr-3186	178	13	to	to	PART
fsr-3186	178	14	control	control	VERB
fsr-3186	178	15	for	for	ADP
fsr-3186	178	16	various	various	ADJ
fsr-3186	178	17	mutual	mutual	ADJ
fsr-3186	178	18	fund	fund	NOUN
fsr-3186	178	19	characteristics	characteristic	NOUN
fsr-3186	178	20	that	that	PRON
fsr-3186	178	21	could	could	AUX
fsr-3186	178	22	impact	impact	VERB
fsr-3186	178	23	the	the	DET
fsr-3186	178	24	flow	flow	NOUN
fsr-3186	178	25	of	of	ADP
fsr-3186	178	26	money	money	NOUN
fsr-3186	178	27	going	go	VERB
fsr-3186	178	28	into	into	ADP
fsr-3186	178	29	a	a	DET
fsr-3186	178	30	fund	fund	NOUN
fsr-3186	178	31	.	.	PUNCT
fsr-3186	179	1	we	we	PRON
fsr-3186	179	2	control	control	VERB
fsr-3186	179	3	for	for	ADP
fsr-3186	179	4	the	the	DET
fsr-3186	179	5	size	size	NOUN
fsr-3186	179	6	of	of	ADP
fsr-3186	179	7	the	the	DET
fsr-3186	179	8	fund	fund	NOUN
fsr-3186	179	9	,	,	PUNCT
fsr-3186	179	10	the	the	DET
fsr-3186	179	11	fund	fund	NOUN
fsr-3186	179	12	’s	’s	PART
fsr-3186	179	13	family	family	NOUN
fsr-3186	179	14	,	,	PUNCT
fsr-3186	179	15	the	the	DET
fsr-3186	179	16	age	age	NOUN
fsr-3186	179	17	of	of	ADP
fsr-3186	179	18	the	the	DET
fsr-3186	179	19	fund	fund	NOUN
fsr-3186	179	20	,	,	PUNCT
fsr-3186	179	21	the	the	DET
fsr-3186	179	22	fund	fund	NOUN
fsr-3186	179	23	’s	’s	PART
fsr-3186	179	24	expense	expense	NOUN
fsr-3186	179	25	ratio	ratio	NOUN
fsr-3186	179	26	,	,	PUNCT
fsr-3186	179	27	as	as	ADV
fsr-3186	179	28	well	well	ADV
fsr-3186	179	29	as	as	ADP
fsr-3186	179	30	additional	additional	ADJ
fsr-3186	179	31	fees	fee	NOUN
fsr-3186	179	32	.	.	PUNCT
fsr-3186	180	1	controlling	control	VERB
fsr-3186	180	2	for	for	ADP
fsr-3186	180	3	the	the	DET
fsr-3186	180	4	size	size	NOUN
fsr-3186	180	5	of	of	ADP
fsr-3186	180	6	the	the	DET
fsr-3186	180	7	fund	fund	NOUN
fsr-3186	180	8	is	be	AUX
fsr-3186	180	9	important	important	ADJ
fsr-3186	180	10	for	for	ADP
fsr-3186	180	11	several	several	ADJ
fsr-3186	180	12	reasons	reason	NOUN
fsr-3186	180	13	.	.	PUNCT
fsr-3186	181	1	first	first	ADV
fsr-3186	181	2	,	,	PUNCT
fsr-3186	181	3	sirri	sirri	NOUN
fsr-3186	181	4	and	and	CCONJ
fsr-3186	181	5	tufano	tufano	ADJ
fsr-3186	181	6	(	(	PUNCT
fsr-3186	181	7	1998	1998	NUM
fsr-3186	181	8	)	)	PUNCT
fsr-3186	181	9	infer	infer	VERB
fsr-3186	181	10	that	that	SCONJ
fsr-3186	181	11	an	an	DET
fsr-3186	181	12	equal	equal	ADJ
fsr-3186	181	13	dollar	dollar	NOUN
fsr-3186	181	14	flow	flow	NOUN
fsr-3186	181	15	will	will	AUX
fsr-3186	181	16	have	have	VERB
fsr-3186	181	17	a	a	DET
fsr-3186	181	18	larger	large	ADJ
fsr-3186	181	19	impact	impact	NOUN
fsr-3186	181	20	on	on	ADP
fsr-3186	181	21	smaller	small	ADJ
fsr-3186	181	22	funds	fund	NOUN
fsr-3186	181	23	.	.	PUNCT
fsr-3186	182	1	second	second	ADJ
fsr-3186	182	2	,	,	PUNCT
fsr-3186	182	3	barber	barber	NOUN
fsr-3186	182	4	,	,	PUNCT
fsr-3186	182	5	odean	odean	ADJ
fsr-3186	182	6	,	,	PUNCT
fsr-3186	182	7	and	and	CCONJ
fsr-3186	182	8	zheng	zheng	X
fsr-3186	182	9	(	(	PUNCT
fsr-3186	182	10	2005	2005	NUM
fsr-3186	182	11	)	)	PUNCT
fsr-3186	182	12	advise	advise	VERB
fsr-3186	182	13	that	that	SCONJ
fsr-3186	182	14	it	it	PRON
fsr-3186	182	15	will	will	AUX
fsr-3186	182	16	ensure	ensure	VERB
fsr-3186	182	17	that	that	SCONJ
fsr-3186	182	18	the	the	DET
fsr-3186	182	19	results	result	NOUN
fsr-3186	182	20	are	be	AUX
fsr-3186	182	21	not	not	PART
fsr-3186	182	22	being	be	AUX
fsr-3186	182	23	driven	drive	VERB
fsr-3186	182	24	by	by	ADP
fsr-3186	182	25	small	small	ADJ
fsr-3186	182	26	funds	fund	NOUN
fsr-3186	182	27	.	.	PUNCT
fsr-3186	183	1	barber	barber	NOUN
fsr-3186	183	2	,	,	PUNCT
fsr-3186	183	3	odean	odean	ADJ
fsr-3186	183	4	,	,	PUNCT
fsr-3186	183	5	and	and	CCONJ
fsr-3186	183	6	zheng	zheng	X
fsr-3186	183	7	(	(	PUNCT
fsr-3186	183	8	2005	2005	NUM
fsr-3186	183	9	)	)	PUNCT
fsr-3186	183	10	,	,	PUNCT
fsr-3186	183	11	evans	evans	PROPN
fsr-3186	183	12	(	(	PUNCT
fsr-3186	183	13	2010	2010	NUM
fsr-3186	183	14	)	)	PUNCT
fsr-3186	183	15	,	,	PUNCT
fsr-3186	183	16	and	and	CCONJ
fsr-3186	183	17	sirri	sirri	NOUN
fsr-3186	183	18	and	and	CCONJ
fsr-3186	183	19	tufano	tufano	ADJ
fsr-3186	183	20	(	(	PUNCT
fsr-3186	183	21	1998	1998	NUM
fsr-3186	183	22	)	)	PUNCT
fsr-3186	183	23	,	,	PUNCT
fsr-3186	183	24	all	all	PRON
fsr-3186	183	25	document	document	VERB
fsr-3186	183	26	a	a	DET
fsr-3186	183	27	negative	negative	ADJ
fsr-3186	183	28	relation	relation	NOUN
fsr-3186	183	29	between	between	ADP
fsr-3186	183	30	the	the	DET
fsr-3186	183	31	total	total	ADJ
fsr-3186	183	32	net	net	ADJ
fsr-3186	183	33	assets	asset	NOUN
fsr-3186	183	34	of	of	ADP
fsr-3186	183	35	a	a	DET
fsr-3186	183	36	fund	fund	NOUN
fsr-3186	183	37	and	and	CCONJ
fsr-3186	183	38	net	net	ADJ
fsr-3186	183	39	investor	investor	NOUN
fsr-3186	183	40	cash	cash	NOUN
fsr-3186	183	41	flow	flow	NOUN
fsr-3186	183	42	,	,	PUNCT
fsr-3186	183	43	providing	provide	VERB
fsr-3186	183	44	evidence	evidence	NOUN
fsr-3186	183	45	that	that	SCONJ
fsr-3186	183	46	investors	investor	NOUN
fsr-3186	183	47	have	have	AUX
fsr-3186	183	48	a	a	DET
fsr-3186	183	49	preference	preference	NOUN
fsr-3186	183	50	for	for	ADP
fsr-3186	183	51	investing	invest	VERB
fsr-3186	183	52	in	in	ADP
fsr-3186	183	53	smaller	small	ADJ
fsr-3186	183	54	funds	fund	NOUN
fsr-3186	183	55	.	.	PUNCT
fsr-3186	184	1	to	to	PART
fsr-3186	184	2	control	control	VERB
fsr-3186	184	3	for	for	ADP
fsr-3186	184	4	the	the	DET
fsr-3186	184	5	effect	effect	NOUN
fsr-3186	184	6	of	of	ADP
fsr-3186	184	7	outliers	outlier	NOUN
fsr-3186	184	8	,	,	PUNCT
fsr-3186	184	9	the	the	DET
fsr-3186	184	10	natural	natural	ADJ
fsr-3186	184	11	logarithm	logarithm	NOUN
fsr-3186	184	12	of	of	ADP
fsr-3186	184	13	total	total	ADJ
fsr-3186	184	14	net	net	ADJ
fsr-3186	184	15	assets	asset	NOUN
fsr-3186	184	16	(	(	PUNCT
fsr-3186	184	17	lntna	lntna	PROPN
fsr-3186	184	18	)	)	PUNCT
fsr-3186	184	19	is	be	AUX
fsr-3186	184	20	included	include	VERB
fsr-3186	184	21	as	as	ADP
fsr-3186	184	22	a	a	DET
fsr-3186	184	23	control	control	NOUN
fsr-3186	184	24	variable	variable	NOUN
fsr-3186	184	25	.	.	PUNCT
fsr-3186	185	1	because	because	SCONJ
fsr-3186	185	2	larger	large	ADJ
fsr-3186	185	3	fund	fund	NOUN
fsr-3186	185	4	families	family	NOUN
fsr-3186	185	5	are	be	AUX
fsr-3186	185	6	more	more	ADV
fsr-3186	185	7	identifiable	identifiable	ADJ
fsr-3186	185	8	in	in	ADP
fsr-3186	185	9	the	the	DET
fsr-3186	185	10	financial	financial	ADJ
fsr-3186	185	11	market	market	NOUN
fsr-3186	185	12	,	,	PUNCT
fsr-3186	185	13	we	we	PRON
fsr-3186	185	14	control	control	VERB
fsr-3186	185	15	for	for	ADP
fsr-3186	185	16	the	the	DET
fsr-3186	185	17	effects	effect	NOUN
fsr-3186	185	18	of	of	ADP
fsr-3186	185	19	the	the	DET
fsr-3186	185	20	fund	fund	NOUN
fsr-3186	185	21	family	family	NOUN
fsr-3186	185	22	size	size	NOUN
fsr-3186	185	23	on	on	ADP
fsr-3186	185	24	net	net	ADJ
fsr-3186	185	25	investor	investor	NOUN
fsr-3186	185	26	cash	cash	NOUN
fsr-3186	185	27	flow	flow	NOUN
fsr-3186	185	28	.	.	PUNCT
fsr-3186	186	1	evans	evans	PROPN
fsr-3186	186	2	(	(	PUNCT
fsr-3186	186	3	2010	2010	NUM
fsr-3186	186	4	)	)	PUNCT
fsr-3186	186	5	shows	show	VERB
fsr-3186	186	6	a	a	DET
fsr-3186	186	7	positive	positive	ADJ
fsr-3186	186	8	relation	relation	NOUN
fsr-3186	186	9	between	between	ADP
fsr-3186	186	10	a	a	DET
fsr-3186	186	11	mutual	mutual	ADJ
fsr-3186	186	12	fund	fund	NOUN
fsr-3186	186	13	’s	’s	PART
fsr-3186	186	14	family	family	NOUN
fsr-3186	186	15	size	size	NOUN
fsr-3186	186	16	and	and	CCONJ
fsr-3186	186	17	net	net	ADJ
fsr-3186	186	18	investor	investor	NOUN
fsr-3186	186	19	cash	cash	NOUN
fsr-3186	186	20	flow	flow	NOUN
fsr-3186	186	21	.	.	PUNCT
fsr-3186	187	1	controlling	control	VERB
fsr-3186	187	2	for	for	ADP
fsr-3186	187	3	fund	fund	NOUN
fsr-3186	187	4	family	family	NOUN
fsr-3186	187	5	size	size	NOUN
fsr-3186	187	6	is	be	AUX
fsr-3186	187	7	important	important	ADJ
fsr-3186	187	8	since	since	SCONJ
fsr-3186	187	9	fund	fund	NOUN
fsr-3186	187	10	families	family	NOUN
fsr-3186	187	11	may	may	AUX
fsr-3186	187	12	steer	steer	VERB
fsr-3186	187	13	money	money	NOUN
fsr-3186	187	14	into	into	ADP
fsr-3186	187	15	new	new	ADJ
fsr-3186	187	16	funds	fund	NOUN
fsr-3186	187	17	.	.	PUNCT
fsr-3186	188	1	similar	similar	ADJ
fsr-3186	188	2	to	to	ADP
fsr-3186	188	3	evans	evans	PROPN
fsr-3186	188	4	(	(	PUNCT
fsr-3186	188	5	2010	2010	NUM
fsr-3186	188	6	)	)	PUNCT
fsr-3186	188	7	,	,	PUNCT
fsr-3186	188	8	we	we	PRON
fsr-3186	188	9	also	also	ADV
fsr-3186	188	10	control	control	VERB
fsr-3186	188	11	for	for	ADP
fsr-3186	188	12	fund	fund	NOUN
fsr-3186	188	13	expenses	expense	NOUN
fsr-3186	188	14	and	and	CCONJ
fsr-3186	188	15	turnover	turnover	NOUN
fsr-3186	188	16	.	.	PUNCT
fsr-3186	189	1	the	the	DET
fsr-3186	189	2	non	non	ADJ
fsr-3186	189	3	-	-	ADJ
fsr-3186	189	4	linear	linear	ADJ
fsr-3186	189	5	relationship	relationship	NOUN
fsr-3186	189	6	between	between	ADP
fsr-3186	189	7	mutual	mutual	ADJ
fsr-3186	189	8	fund	fund	NOUN
fsr-3186	189	9	flows	flow	NOUN
fsr-3186	189	10	and	and	CCONJ
fsr-3186	189	11	performance	performance	NOUN
fsr-3186	189	12	is	be	AUX
fsr-3186	189	13	a	a	DET
fsr-3186	189	14	years	year	NOUN
fsr-3186	189	15	after	after	ADP
fsr-3186	189	16	inception	inception	NOUN
fsr-3186	189	17	a	a	DET
fsr-3186	189	18	ve	ve	NOUN
fsr-3186	189	19	ra	ra	PROPN
fsr-3186	189	20	ge	ge	PROPN
fsr-3186	189	21	t	t	PROPN
fsr-3186	189	22	n	n	PROPN
fsr-3186	189	23	a	a	DET
fsr-3186	189	24	fig	fig	NOUN
fsr-3186	189	25	.	.	PUNCT
fsr-3186	190	1	3	3	X
fsr-3186	190	2	.	.	X
fsr-3186	190	3	this	this	DET
fsr-3186	190	4	figure	figure	NOUN
fsr-3186	190	5	shows	show	VERB
fsr-3186	190	6	mutual	mutual	ADJ
fsr-3186	190	7	funds	fund	NOUN
fsr-3186	190	8	total	total	VERB
fsr-3186	190	9	net	net	ADJ
fsr-3186	190	10	assets	asset	NOUN
fsr-3186	190	11	post	post	NOUN
fsr-3186	190	12	-	-	NOUN
fsr-3186	190	13	incubation	incubation	NOUN
fsr-3186	190	14	.	.	PUNCT
fsr-3186	191	1	71p	71p	NOUN
fsr-3186	191	2	.	.	PUNCT
fsr-3186	192	1	gibson	gibson	PROPN
fsr-3186	192	2	,	,	PUNCT
fsr-3186	192	3	m.	m.	NOUN
fsr-3186	192	4	finke	finke	PROPN
fsr-3186	192	5	/	/	SYM
fsr-3186	192	6	financial	financial	ADJ
fsr-3186	192	7	services	service	NOUN
fsr-3186	192	8	review	review	VERB
fsr-3186	192	9	23	23	NUM
fsr-3186	192	10	(	(	PUNCT
fsr-3186	192	11	2014	2014	NUM
fsr-3186	192	12	)	)	PUNCT
fsr-3186	192	13	63–75	63–75	NUM
fsr-3186	192	14	well	well	ADV
fsr-3186	192	15	-	-	PUNCT
fsr-3186	192	16	documented	document	VERB
fsr-3186	192	17	phenomenon	phenomenon	NOUN
fsr-3186	192	18	in	in	ADP
fsr-3186	192	19	the	the	DET
fsr-3186	192	20	mutual	mutual	ADJ
fsr-3186	192	21	fund	fund	NOUN
fsr-3186	192	22	literature	literature	NOUN
fsr-3186	192	23	.	.	PUNCT
fsr-3186	193	1	for	for	ADP
fsr-3186	193	2	example	example	NOUN
fsr-3186	193	3	,	,	PUNCT
fsr-3186	193	4	chevalier	chevalier	NOUN
fsr-3186	193	5	and	and	CCONJ
fsr-3186	193	6	ellison	ellison	PROPN
fsr-3186	193	7	(	(	PUNCT
fsr-3186	193	8	1997	1997	NUM
fsr-3186	193	9	)	)	PUNCT
fsr-3186	193	10	provides	provide	VERB
fsr-3186	193	11	evidence	evidence	NOUN
fsr-3186	193	12	that	that	PRON
fsr-3186	193	13	shows	show	VERB
fsr-3186	193	14	a	a	DET
fsr-3186	193	15	non	non	ADJ
fsr-3186	193	16	-	-	ADJ
fsr-3186	193	17	linear	linear	ADJ
fsr-3186	193	18	relationship	relationship	NOUN
fsr-3186	193	19	between	between	ADP
fsr-3186	193	20	mutual	mutual	ADJ
fsr-3186	193	21	fund	fund	NOUN
fsr-3186	193	22	flows	flow	NOUN
fsr-3186	193	23	and	and	CCONJ
fsr-3186	193	24	performance	performance	NOUN
fsr-3186	193	25	.	.	PUNCT
fsr-3186	194	1	therefore	therefore	ADV
fsr-3186	194	2	,	,	PUNCT
fsr-3186	194	3	we	we	PRON
fsr-3186	194	4	control	control	VERB
fsr-3186	194	5	for	for	ADP
fsr-3186	194	6	performance	performance	NOUN
fsr-3186	194	7	using	use	VERB
fsr-3186	194	8	the	the	DET
fsr-3186	194	9	annual	annual	ADJ
fsr-3186	194	10	market	market	NOUN
fsr-3186	194	11	adjusted	adjust	VERB
fsr-3186	194	12	return	return	NOUN
fsr-3186	194	13	over	over	ADP
fsr-3186	194	14	12	12	NUM
fsr-3186	194	15	months	month	NOUN
fsr-3186	194	16	.	.	PUNCT
fsr-3186	195	1	summary	summary	NOUN
fsr-3186	195	2	statistics	statistic	NOUN
fsr-3186	195	3	are	be	AUX
fsr-3186	195	4	presented	present	VERB
fsr-3186	195	5	in	in	ADP
fsr-3186	195	6	table	table	NOUN
fsr-3186	195	7	5	5	NUM
fsr-3186	195	8	.	.	PUNCT
fsr-3186	196	1	presented	present	VERB
fsr-3186	196	2	are	be	AUX
fsr-3186	196	3	various	various	ADJ
fsr-3186	196	4	mutual	mutual	ADJ
fsr-3186	196	5	fund	fund	NOUN
fsr-3186	196	6	characteristics	characteristic	NOUN
fsr-3186	196	7	that	that	PRON
fsr-3186	196	8	are	be	AUX
fsr-3186	196	9	known	know	VERB
fsr-3186	196	10	to	to	PART
fsr-3186	196	11	impact	impact	VERB
fsr-3186	196	12	net	net	ADJ
fsr-3186	196	13	investor	investor	NOUN
fsr-3186	196	14	cash	cash	NOUN
fsr-3186	196	15	flow	flow	NOUN
fsr-3186	196	16	.	.	PUNCT
fsr-3186	197	1	the	the	DET
fsr-3186	197	2	results	result	NOUN
fsr-3186	197	3	are	be	AUX
fsr-3186	197	4	sorted	sort	VERB
fsr-3186	197	5	into	into	ADP
fsr-3186	197	6	quintiles	quintile	NOUN
fsr-3186	197	7	based	base	VERB
fsr-3186	197	8	on	on	ADP
fsr-3186	197	9	total	total	ADJ
fsr-3186	197	10	skewness	skewness	NOUN
fsr-3186	197	11	that	that	PRON
fsr-3186	197	12	is	be	AUX
fsr-3186	197	13	calculated	calculate	VERB
fsr-3186	197	14	using	use	VERB
fsr-3186	197	15	eq	eq	ADP
fsr-3186	197	16	.	.	PUNCT
fsr-3186	198	1	(	(	PUNCT
fsr-3186	198	2	1	1	NUM
fsr-3186	198	3	)	)	PUNCT
fsr-3186	198	4	.	.	PUNCT
fsr-3186	199	1	funds	fund	NOUN
fsr-3186	199	2	that	that	SCONJ
fsr-3186	199	3	with	with	ADP
fsr-3186	199	4	the	the	DET
fsr-3186	199	5	highest	high	ADJ
fsr-3186	199	6	returns	return	NOUN
fsr-3186	199	7	appear	appear	VERB
fsr-3186	199	8	to	to	PART
fsr-3186	199	9	have	have	VERB
fsr-3186	199	10	a	a	DET
fsr-3186	199	11	higher	high	ADJ
fsr-3186	199	12	expense	expense	NOUN
fsr-3186	199	13	ratio	ratio	NOUN
fsr-3186	199	14	(	(	PUNCT
fsr-3186	199	15	exp	exp	NOUN
fsr-3186	199	16	)	)	PUNCT
fsr-3186	199	17	.	.	PUNCT
fsr-3186	200	1	funds	fund	NOUN
fsr-3186	200	2	with	with	ADP
fsr-3186	200	3	the	the	DET
fsr-3186	200	4	highest	high	ADJ
fsr-3186	200	5	skewness	skewness	NOUN
fsr-3186	200	6	have	have	VERB
fsr-3186	200	7	a	a	DET
fsr-3186	200	8	higher	high	ADJ
fsr-3186	200	9	turnover	turnover	NOUN
fsr-3186	200	10	ratio	ratio	NOUN
fsr-3186	200	11	.	.	PUNCT
fsr-3186	201	1	those	those	DET
fsr-3186	201	2	funds	fund	NOUN
fsr-3186	201	3	that	that	PRON
fsr-3186	201	4	are	be	AUX
fsr-3186	201	5	able	able	ADJ
fsr-3186	201	6	to	to	PART
fsr-3186	201	7	produce	produce	VERB
fsr-3186	201	8	returns	return	NOUN
fsr-3186	201	9	that	that	PRON
fsr-3186	201	10	are	be	AUX
fsr-3186	201	11	most	most	ADV
fsr-3186	201	12	skewed	skewed	ADJ
fsr-3186	201	13	are	be	AUX
fsr-3186	201	14	larger	large	ADJ
fsr-3186	201	15	and	and	CCONJ
fsr-3186	201	16	also	also	ADV
fsr-3186	201	17	belong	belong	VERB
fsr-3186	201	18	to	to	ADP
fsr-3186	201	19	bigger	big	ADJ
fsr-3186	201	20	fund	fund	NOUN
fsr-3186	201	21	families	family	NOUN
fsr-3186	201	22	.	.	PUNCT
fsr-3186	202	1	consistent	consistent	ADJ
fsr-3186	202	2	with	with	ADP
fsr-3186	202	3	the	the	DET
fsr-3186	202	4	notion	notion	NOUN
fsr-3186	202	5	that	that	SCONJ
fsr-3186	202	6	investors	investor	NOUN
fsr-3186	202	7	chase	chase	VERB
fsr-3186	202	8	after	after	ADP
fsr-3186	202	9	funds	fund	NOUN
fsr-3186	202	10	that	that	PRON
fsr-3186	202	11	have	have	AUX
fsr-3186	202	12	performed	perform	VERB
fsr-3186	202	13	well	well	ADV
fsr-3186	202	14	,	,	PUNCT
fsr-3186	202	15	the	the	DET
fsr-3186	202	16	results	result	NOUN
fsr-3186	202	17	show	show	VERB
fsr-3186	202	18	that	that	SCONJ
fsr-3186	202	19	funds	fund	NOUN
fsr-3186	202	20	with	with	ADP
fsr-3186	202	21	a	a	DET
fsr-3186	202	22	more	more	ADV
fsr-3186	202	23	positively	positively	ADV
fsr-3186	202	24	skewed	skewed	ADJ
fsr-3186	202	25	return	return	NOUN
fsr-3186	202	26	experience	experience	NOUN
fsr-3186	202	27	a	a	PRON
fsr-3186	202	28	higher	high	ADJ
fsr-3186	202	29	the	the	DET
fsr-3186	202	30	net	net	ADJ
fsr-3186	202	31	investor	investor	NOUN
fsr-3186	202	32	cash	cash	NOUN
fsr-3186	202	33	flow	flow	NOUN
fsr-3186	202	34	.	.	PUNCT
fsr-3186	203	1	finally	finally	ADV
fsr-3186	203	2	,	,	PUNCT
fsr-3186	203	3	the	the	DET
fsr-3186	203	4	results	result	NOUN
fsr-3186	203	5	show	show	VERB
fsr-3186	203	6	a	a	DET
fsr-3186	203	7	positive	positive	ADJ
fsr-3186	203	8	relation	relation	NOUN
fsr-3186	203	9	between	between	ADP
fsr-3186	203	10	net	net	ADJ
fsr-3186	203	11	investor	investor	NOUN
fsr-3186	203	12	cash	cash	NOUN
fsr-3186	203	13	flow	flow	NOUN
fsr-3186	203	14	and	and	CCONJ
fsr-3186	203	15	skewness	skewness	NOUN
fsr-3186	203	16	.	.	PUNCT
fsr-3186	204	1	funds	fund	NOUN
fsr-3186	204	2	with	with	ADP
fsr-3186	204	3	skewness	skewness	NOUN
fsr-3186	204	4	in	in	ADP
fsr-3186	204	5	the	the	DET
fsr-3186	204	6	highest	high	ADJ
fsr-3186	204	7	quintile	quintile	NOUN
fsr-3186	204	8	experience	experience	NOUN
fsr-3186	204	9	a	a	DET
fsr-3186	204	10	greater	great	ADJ
fsr-3186	204	11	inflow	inflow	NOUN
fsr-3186	204	12	of	of	ADP
fsr-3186	204	13	new	new	ADJ
fsr-3186	204	14	money	money	NOUN
fsr-3186	204	15	compared	compare	VERB
fsr-3186	204	16	to	to	ADP
fsr-3186	204	17	those	those	DET
fsr-3186	204	18	the	the	DET
fsr-3186	204	19	lowest	low	ADJ
fsr-3186	204	20	quintile	quintile	NOUN
fsr-3186	204	21	.	.	PUNCT
fsr-3186	205	1	6.3	6.3	NUM
fsr-3186	205	2	.	.	PUNCT
fsr-3186	206	1	panel	panel	NOUN
fsr-3186	206	2	regression	regression	NOUN
fsr-3186	206	3	results	result	NOUN
fsr-3186	206	4	table	table	NOUN
fsr-3186	206	5	6	6	NUM
fsr-3186	206	6	conveys	convey	VERB
fsr-3186	206	7	the	the	DET
fsr-3186	206	8	results	result	NOUN
fsr-3186	206	9	of	of	ADP
fsr-3186	206	10	a	a	DET
fsr-3186	206	11	panel	panel	NOUN
fsr-3186	206	12	regression	regression	NOUN
fsr-3186	206	13	that	that	PRON
fsr-3186	206	14	was	be	AUX
fsr-3186	206	15	used	use	VERB
fsr-3186	206	16	to	to	PART
fsr-3186	206	17	explore	explore	VERB
fsr-3186	206	18	the	the	DET
fsr-3186	206	19	investor	investor	NOUN
fsr-3186	206	20	preference	preference	NOUN
fsr-3186	206	21	for	for	ADP
fsr-3186	206	22	incubated	incubate	VERB
fsr-3186	206	23	funds	fund	NOUN
fsr-3186	206	24	that	that	PRON
fsr-3186	206	25	are	be	AUX
fsr-3186	206	26	skewed	skew	VERB
fsr-3186	206	27	at	at	ADP
fsr-3186	206	28	inception	inception	NOUN
fsr-3186	206	29	.	.	PUNCT
fsr-3186	207	1	consistent	consistent	ADJ
fsr-3186	207	2	with	with	ADP
fsr-3186	207	3	the	the	DET
fsr-3186	207	4	findings	finding	NOUN
fsr-3186	207	5	of	of	ADP
fsr-3186	207	6	evans	evans	PROPN
fsr-3186	207	7	(	(	PUNCT
fsr-3186	207	8	2010	2010	NUM
fsr-3186	207	9	)	)	PUNCT
fsr-3186	207	10	,	,	PUNCT
fsr-3186	207	11	results	result	NOUN
fsr-3186	207	12	show	show	VERB
fsr-3186	207	13	that	that	SCONJ
fsr-3186	207	14	there	there	PRON
fsr-3186	207	15	is	be	VERB
fsr-3186	207	16	a	a	DET
fsr-3186	207	17	positive	positive	ADJ
fsr-3186	207	18	relation	relation	NOUN
fsr-3186	207	19	between	between	ADP
fsr-3186	207	20	funds	fund	NOUN
fsr-3186	207	21	that	that	PRON
fsr-3186	207	22	are	be	AUX
fsr-3186	207	23	incubated	incubate	VERB
fsr-3186	207	24	and	and	CCONJ
fsr-3186	207	25	net	net	ADJ
fsr-3186	207	26	investor	investor	NOUN
fsr-3186	207	27	cash	cash	NOUN
fsr-3186	207	28	flow	flow	NOUN
fsr-3186	207	29	.	.	PUNCT
fsr-3186	208	1	the	the	DET
fsr-3186	208	2	signs	sign	NOUN
fsr-3186	208	3	of	of	ADP
fsr-3186	208	4	the	the	DET
fsr-3186	208	5	control	control	NOUN
fsr-3186	208	6	variables	variable	NOUN
fsr-3186	208	7	are	be	AUX
fsr-3186	208	8	also	also	ADV
fsr-3186	208	9	consistent	consistent	ADJ
fsr-3186	208	10	with	with	ADP
fsr-3186	208	11	previous	previous	ADJ
fsr-3186	208	12	literature	literature	NOUN
fsr-3186	208	13	.	.	PUNCT
fsr-3186	209	1	columns	column	NOUN
fsr-3186	209	2	3	3	NUM
fsr-3186	209	3	and	and	CCONJ
fsr-3186	209	4	4	4	NUM
fsr-3186	209	5	show	show	NOUN
fsr-3186	209	6	investors	investor	NOUN
fsr-3186	209	7	prefer	prefer	VERB
fsr-3186	209	8	investing	invest	VERB
fsr-3186	209	9	in	in	ADP
fsr-3186	209	10	mutual	mutual	ADJ
fsr-3186	209	11	funds	fund	NOUN
fsr-3186	209	12	that	that	PRON
fsr-3186	209	13	are	be	AUX
fsr-3186	209	14	positively	positively	ADV
fsr-3186	209	15	skewed	skewed	ADJ
fsr-3186	209	16	.	.	PUNCT
fsr-3186	210	1	in	in	ADP
fsr-3186	210	2	column	column	NOUN
fsr-3186	210	3	5	5	NUM
fsr-3186	210	4	,	,	PUNCT
fsr-3186	210	5	we	we	PRON
fsr-3186	210	6	use	use	VERB
fsr-3186	210	7	an	an	DET
fsr-3186	210	8	indicator	indicator	NOUN
fsr-3186	210	9	variable	variable	NOUN
fsr-3186	210	10	to	to	PART
fsr-3186	210	11	capture	capture	VERB
fsr-3186	210	12	those	those	DET
fsr-3186	210	13	incubated	incubate	VERB
fsr-3186	210	14	funds	fund	NOUN
fsr-3186	210	15	that	that	PRON
fsr-3186	210	16	belong	belong	VERB
fsr-3186	210	17	to	to	ADP
fsr-3186	210	18	the	the	DET
fsr-3186	210	19	highest	high	ADJ
fsr-3186	210	20	skewness	skewness	NOUN
fsr-3186	210	21	quintile	quintile	NOUN
fsr-3186	210	22	at	at	ADP
fsr-3186	210	23	inception	inception	NOUN
fsr-3186	210	24	.	.	PUNCT
fsr-3186	211	1	investors	investor	NOUN
fsr-3186	211	2	prefer	prefer	VERB
fsr-3186	211	3	investing	invest	VERB
fsr-3186	211	4	in	in	ADP
fsr-3186	211	5	incubated	incubate	VERB
fsr-3186	211	6	funds	fund	NOUN
fsr-3186	211	7	that	that	PRON
fsr-3186	211	8	have	have	VERB
fsr-3186	211	9	a	a	DET
fsr-3186	211	10	positively	positively	ADV
fsr-3186	211	11	skewed	skewed	ADJ
fsr-3186	211	12	return	return	NOUN
fsr-3186	211	13	at	at	ADP
fsr-3186	211	14	inception	inception	NOUN
fsr-3186	211	15	.	.	PUNCT
fsr-3186	212	1	in	in	ADP
fsr-3186	212	2	column	column	NOUN
fsr-3186	212	3	6	6	NUM
fsr-3186	212	4	,	,	PUNCT
fsr-3186	212	5	we	we	PRON
fsr-3186	212	6	examine	examine	VERB
fsr-3186	212	7	funds	fund	NOUN
fsr-3186	212	8	that	that	PRON
fsr-3186	212	9	are	be	AUX
fsr-3186	212	10	incubated	incubate	VERB
fsr-3186	212	11	and	and	CCONJ
fsr-3186	212	12	belong	belong	VERB
fsr-3186	212	13	to	to	ADP
fsr-3186	212	14	the	the	DET
fsr-3186	212	15	lowest	low	ADJ
fsr-3186	212	16	skewness	skewness	NOUN
fsr-3186	212	17	quintile	quintile	NOUN
fsr-3186	212	18	.	.	PUNCT
fsr-3186	213	1	the	the	DET
fsr-3186	213	2	results	result	NOUN
fsr-3186	213	3	here	here	ADV
fsr-3186	213	4	are	be	AUX
fsr-3186	213	5	statistically	statistically	ADV
fsr-3186	213	6	insignificant	insignificant	ADJ
fsr-3186	213	7	.	.	PUNCT
fsr-3186	214	1	mutual	mutual	ADJ
fsr-3186	214	2	fund	fund	NOUN
fsr-3186	214	3	managers	manager	NOUN
fsr-3186	214	4	appear	appear	VERB
fsr-3186	214	5	to	to	PART
fsr-3186	214	6	have	have	VERB
fsr-3186	214	7	an	an	DET
fsr-3186	214	8	incentive	incentive	NOUN
fsr-3186	214	9	to	to	PART
fsr-3186	214	10	create	create	VERB
fsr-3186	214	11	funds	fund	NOUN
fsr-3186	214	12	in	in	ADP
fsr-3186	214	13	incubation	incubation	NOUN
fsr-3186	214	14	and	and	CCONJ
fsr-3186	214	15	to	to	PART
fsr-3186	214	16	launch	launch	VERB
fsr-3186	214	17	these	these	DET
fsr-3186	214	18	funds	fund	NOUN
fsr-3186	214	19	when	when	SCONJ
fsr-3186	214	20	their	their	PRON
fsr-3186	214	21	returns	return	NOUN
fsr-3186	214	22	are	be	AUX
fsr-3186	214	23	highest	high	ADJ
fsr-3186	214	24	.	.	PUNCT
fsr-3186	215	1	mutual	mutual	ADJ
fsr-3186	215	2	funds	fund	NOUN
fsr-3186	215	3	investors	investor	NOUN
fsr-3186	215	4	appear	appear	VERB
fsr-3186	215	5	to	to	PART
fsr-3186	215	6	be	be	AUX
fsr-3186	215	7	driven	drive	VERB
fsr-3186	215	8	by	by	ADP
fsr-3186	215	9	recent	recent	ADJ
fsr-3186	215	10	performance	performance	NOUN
fsr-3186	215	11	.	.	PUNCT
fsr-3186	216	1	because	because	SCONJ
fsr-3186	216	2	incubated	incubate	VERB
fsr-3186	216	3	table	table	NOUN
fsr-3186	216	4	5	5	NUM
fsr-3186	216	5	descriptive	descriptive	ADJ
fsr-3186	216	6	statistics	statistic	NOUN
fsr-3186	216	7	quintile	quintile	NOUN
fsr-3186	216	8	skewness	skewness	NOUN
fsr-3186	216	9	expense	expense	NOUN
fsr-3186	216	10	ratio	ratio	NOUN
fsr-3186	216	11	turnover	turnover	NOUN
fsr-3186	216	12	ratio	ratio	NOUN
fsr-3186	216	13	tna	tna	PROPN
fsr-3186	216	14	family	family	NOUN
fsr-3186	216	15	size	size	NOUN
fsr-3186	216	16	new	new	ADJ
fsr-3186	216	17	money	money	NOUN
fsr-3186	216	18	flow	flow	NOUN
fsr-3186	216	19	1	1	NUM
fsr-3186	216	20	(	(	PUNCT
fsr-3186	216	21	low	low	ADJ
fsr-3186	216	22	)	)	PUNCT
fsr-3186	216	23	$	$	SYM
fsr-3186	216	24	1.29	1.29	NUM
fsr-3186	216	25	1.67	1.67	NUM
fsr-3186	216	26	87.23	87.23	NUM
fsr-3186	216	27	119.44	119.44	NUM
fsr-3186	216	28	774.17	774.17	NUM
fsr-3186	216	29	0.42	0.42	NUM
fsr-3186	216	30	2	2	NUM
fsr-3186	216	31	$	$	SYM
fsr-3186	216	32	0.77	0.77	NUM
fsr-3186	216	33	1.70	1.70	NUM
fsr-3186	216	34	89.36	89.36	NUM
fsr-3186	216	35	139.76	139.76	NUM
fsr-3186	216	36	821.14	821.14	NUM
fsr-3186	216	37	0.25	0.25	NUM
fsr-3186	216	38	3	3	NUM
fsr-3186	216	39	$	$	SYM
fsr-3186	216	40	0.43	0.43	NUM
fsr-3186	216	41	1.70	1.70	NUM
fsr-3186	216	42	91.56	91.56	NUM
fsr-3186	216	43	129.77	129.77	NUM
fsr-3186	216	44	769.63	769.63	NUM
fsr-3186	216	45	0.63	0.63	NUM
fsr-3186	216	46	4	4	NUM
fsr-3186	216	47	$	$	SYM
fsr-3186	216	48	0.06	0.06	NUM
fsr-3186	216	49	1.72	1.72	NUM
fsr-3186	216	50	90.25	90.25	NUM
fsr-3186	216	51	134.23	134.23	NUM
fsr-3186	216	52	870.54	870.54	NUM
fsr-3186	216	53	1.02	1.02	NUM
fsr-3186	216	54	5	5	NUM
fsr-3186	216	55	(	(	PUNCT
fsr-3186	216	56	high	high	ADJ
fsr-3186	216	57	)	)	PUNCT
fsr-3186	216	58	0.53	0.53	NUM
fsr-3186	216	59	1.74	1.74	NUM
fsr-3186	216	60	92.00	92.00	NUM
fsr-3186	216	61	144.46	144.46	NUM
fsr-3186	216	62	975.49	975.49	NUM
fsr-3186	216	63	1.07	1.07	NUM
fsr-3186	216	64	note	note	NOUN
fsr-3186	216	65	.	.	PUNCT
fsr-3186	217	1	this	this	DET
fsr-3186	217	2	table	table	NOUN
fsr-3186	217	3	provides	provide	VERB
fsr-3186	217	4	the	the	DET
fsr-3186	217	5	descriptive	descriptive	ADJ
fsr-3186	217	6	statistics	statistic	NOUN
fsr-3186	217	7	for	for	ADP
fsr-3186	217	8	various	various	ADJ
fsr-3186	217	9	mutual	mutual	ADJ
fsr-3186	217	10	fund	fund	NOUN
fsr-3186	217	11	characteristics	characteristic	NOUN
fsr-3186	217	12	that	that	PRON
fsr-3186	217	13	are	be	AUX
fsr-3186	217	14	known	know	VERB
fsr-3186	217	15	to	to	PART
fsr-3186	217	16	impact	impact	VERB
fsr-3186	217	17	net	net	ADJ
fsr-3186	217	18	investor	investor	NOUN
fsr-3186	217	19	cash	cash	NOUN
fsr-3186	217	20	flow	flow	NOUN
fsr-3186	217	21	.	.	PUNCT
fsr-3186	218	1	the	the	DET
fsr-3186	218	2	results	result	NOUN
fsr-3186	218	3	are	be	AUX
fsr-3186	218	4	sorted	sort	VERB
fsr-3186	218	5	into	into	ADP
fsr-3186	218	6	quintiles	quintile	NOUN
fsr-3186	218	7	by	by	ADP
fsr-3186	218	8	total	total	ADJ
fsr-3186	218	9	skewness	skewness	NOUN
fsr-3186	218	10	computed	compute	VERB
fsr-3186	218	11	using	use	VERB
fsr-3186	218	12	eq	eq	ADP
fsr-3186	218	13	.	.	PROPN
fsr-3186	218	14	1	1	NUM
fsr-3186	218	15	.	.	PUNCT
fsr-3186	218	16	expense	expense	NOUN
fsr-3186	218	17	ratio	ratio	NOUN
fsr-3186	218	18	represents	represent	VERB
fsr-3186	218	19	the	the	DET
fsr-3186	218	20	mutual	mutual	ADJ
fsr-3186	218	21	funds	fund	NOUN
fsr-3186	218	22	expense	expense	NOUN
fsr-3186	218	23	ratio	ratio	NOUN
fsr-3186	218	24	.	.	PUNCT
fsr-3186	219	1	skewness	skewness	NOUN
fsr-3186	219	2	represents	represent	VERB
fsr-3186	219	3	the	the	DET
fsr-3186	219	4	annual	annual	ADJ
fsr-3186	219	5	skewness	skewness	NOUN
fsr-3186	219	6	of	of	ADP
fsr-3186	219	7	the	the	DET
fsr-3186	219	8	fund	fund	NOUN
fsr-3186	219	9	.	.	PUNCT
fsr-3186	220	1	turnover	turnover	NOUN
fsr-3186	220	2	ratio	ratio	NOUN
fsr-3186	220	3	denotes	denote	VERB
fsr-3186	220	4	the	the	DET
fsr-3186	220	5	mutual	mutual	ADJ
fsr-3186	220	6	funds	fund	NOUN
fsr-3186	220	7	turnover	turnover	NOUN
fsr-3186	220	8	ratio	ratio	NOUN
fsr-3186	220	9	.	.	PUNCT
fsr-3186	221	1	tna	tna	NOUN
fsr-3186	221	2	and	and	CCONJ
fsr-3186	221	3	family	family	NOUN
fsr-3186	221	4	size	size	NOUN
fsr-3186	221	5	represents	represent	VERB
fsr-3186	221	6	the	the	DET
fsr-3186	221	7	total	total	ADJ
fsr-3186	221	8	net	net	ADJ
fsr-3186	221	9	assets	asset	NOUN
fsr-3186	221	10	of	of	ADP
fsr-3186	221	11	the	the	DET
fsr-3186	221	12	mutual	mutual	ADJ
fsr-3186	221	13	fund	fund	NOUN
fsr-3186	221	14	and	and	CCONJ
fsr-3186	221	15	the	the	DET
fsr-3186	221	16	mutual	mutual	ADJ
fsr-3186	221	17	fund	fund	NOUN
fsr-3186	221	18	’s	’s	PART
fsr-3186	221	19	family	family	NOUN
fsr-3186	221	20	,	,	PUNCT
fsr-3186	221	21	respectively	respectively	ADV
fsr-3186	221	22	.	.	PUNCT
fsr-3186	222	1	new	new	ADJ
fsr-3186	222	2	money	money	NOUN
fsr-3186	222	3	flow	flow	NOUN
fsr-3186	222	4	denotes	denote	NOUN
fsr-3186	222	5	net	net	ADJ
fsr-3186	222	6	investor	investor	NOUN
fsr-3186	222	7	cash	cash	NOUN
fsr-3186	222	8	flow	flow	NOUN
fsr-3186	222	9	into	into	ADP
fsr-3186	222	10	the	the	DET
fsr-3186	222	11	fund	fund	NOUN
fsr-3186	222	12	.	.	PUNCT
fsr-3186	223	1	72	72	NUM
fsr-3186	223	2	p.	p.	NOUN
fsr-3186	223	3	gibson	gibson	PROPN
fsr-3186	223	4	,	,	PUNCT
fsr-3186	223	5	m.	m.	NOUN
fsr-3186	223	6	finke	finke	PROPN
fsr-3186	223	7	/	/	SYM
fsr-3186	223	8	financial	financial	ADJ
fsr-3186	223	9	services	service	NOUN
fsr-3186	223	10	review	review	VERB
fsr-3186	223	11	23	23	NUM
fsr-3186	223	12	(	(	PUNCT
fsr-3186	223	13	2014	2014	NUM
fsr-3186	223	14	)	)	PUNCT
fsr-3186	224	1	63–75	63–75	NUM
fsr-3186	224	2	funds	fund	NOUN
fsr-3186	224	3	have	have	VERB
fsr-3186	224	4	that	that	PRON
fsr-3186	224	5	have	have	AUX
fsr-3186	224	6	achieved	achieve	VERB
fsr-3186	224	7	high	high	ADJ
fsr-3186	224	8	recent	recent	ADJ
fsr-3186	224	9	performance	performance	NOUN
fsr-3186	224	10	can	can	AUX
fsr-3186	224	11	be	be	AUX
fsr-3186	224	12	selectively	selectively	ADV
fsr-3186	224	13	promoted	promote	VERB
fsr-3186	224	14	,	,	PUNCT
fsr-3186	224	15	they	they	PRON
fsr-3186	224	16	are	be	AUX
fsr-3186	224	17	appealing	appeal	VERB
fsr-3186	224	18	to	to	ADP
fsr-3186	224	19	mutual	mutual	ADJ
fsr-3186	224	20	fund	fund	NOUN
fsr-3186	224	21	investors	investor	NOUN
fsr-3186	224	22	.	.	PUNCT
fsr-3186	225	1	generally	generally	ADV
fsr-3186	225	2	,	,	PUNCT
fsr-3186	225	3	investors	investor	NOUN
fsr-3186	225	4	are	be	AUX
fsr-3186	225	5	not	not	PART
fsr-3186	225	6	able	able	ADJ
fsr-3186	225	7	to	to	PART
fsr-3186	225	8	differentiate	differentiate	VERB
fsr-3186	225	9	incubated	incubate	VERB
fsr-3186	225	10	and	and	CCONJ
fsr-3186	225	11	non	non	ADJ
fsr-3186	225	12	-	-	ADJ
fsr-3186	225	13	incubated	incubated	ADJ
fsr-3186	225	14	funds	fund	NOUN
fsr-3186	225	15	;	;	PUNCT
fsr-3186	225	16	they	they	PRON
fsr-3186	225	17	simply	simply	ADV
fsr-3186	225	18	select	select	VERB
fsr-3186	225	19	the	the	DET
fsr-3186	225	20	fund	fund	NOUN
fsr-3186	225	21	that	that	PRON
fsr-3186	225	22	they	they	PRON
fsr-3186	225	23	believe	believe	VERB
fsr-3186	225	24	will	will	AUX
fsr-3186	225	25	generate	generate	VERB
fsr-3186	225	26	the	the	DET
fsr-3186	225	27	highest	high	ADJ
fsr-3186	225	28	possible	possible	ADJ
fsr-3186	225	29	return	return	NOUN
fsr-3186	225	30	.	.	PUNCT
fsr-3186	226	1	this	this	PRON
fsr-3186	226	2	is	be	AUX
fsr-3186	226	3	problematic	problematic	ADJ
fsr-3186	226	4	because	because	SCONJ
fsr-3186	226	5	the	the	DET
fsr-3186	226	6	characteristic	characteristic	NOUN
fsr-3186	226	7	they	they	PRON
fsr-3186	226	8	often	often	ADV
fsr-3186	226	9	focus	focus	VERB
fsr-3186	226	10	on	on	ADP
fsr-3186	226	11	as	as	ADP
fsr-3186	226	12	a	a	DET
fsr-3186	226	13	quality	quality	NOUN
fsr-3186	226	14	signal	signal	NOUN
fsr-3186	226	15	is	be	AUX
fsr-3186	226	16	recent	recent	ADJ
fsr-3186	226	17	returns	return	NOUN
fsr-3186	226	18	.	.	PUNCT
fsr-3186	227	1	this	this	DET
fsr-3186	227	2	characteristic	characteristic	NOUN
fsr-3186	227	3	can	can	AUX
fsr-3186	227	4	be	be	AUX
fsr-3186	227	5	manipulated	manipulate	VERB
fsr-3186	227	6	through	through	ADP
fsr-3186	227	7	the	the	DET
fsr-3186	227	8	incubation	incubation	NOUN
fsr-3186	227	9	process	process	NOUN
fsr-3186	227	10	to	to	PART
fsr-3186	227	11	create	create	VERB
fsr-3186	227	12	the	the	DET
fsr-3186	227	13	false	false	ADJ
fsr-3186	227	14	impression	impression	NOUN
fsr-3186	227	15	of	of	ADP
fsr-3186	227	16	positively	positively	ADV
fsr-3186	227	17	skewed	skewed	ADJ
fsr-3186	227	18	performance	performance	NOUN
fsr-3186	227	19	.	.	PUNCT
fsr-3186	228	1	evans	evans	PROPN
fsr-3186	228	2	(	(	PUNCT
fsr-3186	228	3	2010	2010	NUM
fsr-3186	228	4	)	)	PUNCT
fsr-3186	228	5	details	detail	VERB
fsr-3186	228	6	the	the	DET
fsr-3186	228	7	light	light	ADJ
fsr-3186	228	8	regulation	regulation	NOUN
fsr-3186	228	9	by	by	ADP
fsr-3186	228	10	the	the	DET
fsr-3186	228	11	sec	sec	PROPN
fsr-3186	228	12	as	as	SCONJ
fsr-3186	228	13	it	it	PRON
fsr-3186	228	14	pertains	pertain	VERB
fsr-3186	228	15	to	to	ADP
fsr-3186	228	16	incubated	incubate	VERB
fsr-3186	228	17	funds	fund	NOUN
fsr-3186	228	18	.	.	PUNCT
fsr-3186	229	1	because	because	SCONJ
fsr-3186	229	2	mutual	mutual	ADJ
fsr-3186	229	3	funds	fund	NOUN
fsr-3186	229	4	are	be	AUX
fsr-3186	229	5	such	such	DET
fsr-3186	229	6	a	a	DET
fsr-3186	229	7	vital	vital	ADJ
fsr-3186	229	8	part	part	NOUN
fsr-3186	229	9	of	of	ADP
fsr-3186	229	10	investors	investor	NOUN
fsr-3186	229	11	’	’	PART
fsr-3186	229	12	portfolios	portfolio	NOUN
fsr-3186	229	13	,	,	PUNCT
fsr-3186	229	14	especially	especially	ADV
fsr-3186	229	15	those	those	PRON
fsr-3186	229	16	who	who	PRON
fsr-3186	229	17	are	be	AUX
fsr-3186	229	18	selecting	select	VERB
fsr-3186	229	19	funds	fund	NOUN
fsr-3186	229	20	for	for	ADP
fsr-3186	229	21	retirement	retirement	NOUN
fsr-3186	229	22	,	,	PUNCT
fsr-3186	229	23	the	the	DET
fsr-3186	229	24	incubation	incubation	NOUN
fsr-3186	229	25	of	of	ADP
fsr-3186	229	26	funds	fund	NOUN
fsr-3186	229	27	may	may	AUX
fsr-3186	229	28	create	create	VERB
fsr-3186	229	29	a	a	DET
fsr-3186	229	30	predictable	predictable	ADJ
fsr-3186	229	31	welfare	welfare	NOUN
fsr-3186	229	32	loss	loss	NOUN
fsr-3186	229	33	.	.	PUNCT
fsr-3186	230	1	table	table	NOUN
fsr-3186	230	2	6	6	NUM
fsr-3186	230	3	panel	panel	NOUN
fsr-3186	230	4	regression	regression	NOUN
fsr-3186	230	5	:	:	PUNCT
fsr-3186	230	6	incubated	incubate	VERB
fsr-3186	230	7	funds	fund	NOUN
fsr-3186	230	8	at	at	ADP
fsr-3186	230	9	inception	inception	NOUN
fsr-3186	230	10	and	and	CCONJ
fsr-3186	230	11	net	net	ADJ
fsr-3186	230	12	investor	investor	NOUN
fsr-3186	230	13	cash	cash	NOUN
fsr-3186	230	14	flow	flow	NOUN
fsr-3186	230	15	variable	variable	ADJ
fsr-3186	230	16	1	1	NUM
fsr-3186	230	17	2	2	NUM
fsr-3186	230	18	3	3	NUM
fsr-3186	230	19	4	4	NUM
fsr-3186	230	20	5	5	NUM
fsr-3186	230	21	6	6	NUM
fsr-3186	230	22	intercept	intercept	NOUN
fsr-3186	230	23	0.51	0.51	NUM
fsr-3186	230	24	*	*	PUNCT
fsr-3186	230	25	*	*	PUNCT
fsr-3186	230	26	*	*	PUNCT
fsr-3186	230	27	0.64	0.64	NUM
fsr-3186	230	28	*	*	PUNCT
fsr-3186	230	29	*	*	PUNCT
fsr-3186	230	30	*	*	PUNCT
fsr-3186	230	31	0.75	0.75	NUM
fsr-3186	230	32	*	*	PUNCT
fsr-3186	230	33	*	*	PUNCT
fsr-3186	230	34	*	*	PUNCT
fsr-3186	230	35	0.51	0.51	NUM
fsr-3186	230	36	*	*	PUNCT
fsr-3186	230	37	*	*	PUNCT
fsr-3186	230	38	*	*	PUNCT
fsr-3186	230	39	0.77	0.77	NUM
fsr-3186	230	40	*	*	PUNCT
fsr-3186	230	41	*	*	PUNCT
fsr-3186	230	42	*	*	PUNCT
fsr-3186	230	43	0.76	0.76	NUM
fsr-3186	230	44	*	*	PUNCT
fsr-3186	231	1	*	*	PUNCT
fsr-3186	232	1	*	*	PUNCT
fsr-3186	233	1	i	i	PRON
fsr-3186	233	2	d	d	PROPN
fsr-3186	233	3	new	new	PROPN
fsr-3186	233	4	incubated	incubate	VERB
fsr-3186	233	5	0.06	0.06	NUM
fsr-3186	233	6	*	*	PUNCT
fsr-3186	233	7	*	*	PUNCT
fsr-3186	233	8	*	*	PUNCT
fsr-3186	233	9	0.05	0.05	NUM
fsr-3186	233	10	*	*	PUNCT
fsr-3186	233	11	*	*	PUNCT
fsr-3186	233	12	*	*	PUNCT
fsr-3186	233	13	0.04	0.04	NUM
fsr-3186	233	14	*	*	PUNCT
fsr-3186	233	15	*	*	PUNCT
fsr-3186	233	16	*	*	PUNCT
fsr-3186	233	17	(	(	PUNCT
fsr-3186	233	18	7.74	7.74	NUM
fsr-3186	233	19	)	)	PUNCT
fsr-3186	233	20	(	(	PUNCT
fsr-3186	233	21	6.22	6.22	NUM
fsr-3186	233	22	)	)	PUNCT
fsr-3186	233	23	(	(	PUNCT
fsr-3186	233	24	5.24	5.24	NUM
fsr-3186	233	25	)	)	PUNCT
fsr-3186	233	26	skewness	skewness	NOUN
fsr-3186	233	27	0.01	0.01	NUM
fsr-3186	233	28	*	*	PUNCT
fsr-3186	233	29	*	*	PUNCT
fsr-3186	233	30	(	(	PUNCT
fsr-3186	233	31	1.96	1.96	NUM
fsr-3186	233	32	)	)	PUNCT
fsr-3186	233	33	i	i	PROPN
fsr-3186	233	34	d	d	PROPN
fsr-3186	233	35	incep	incep	VERB
fsr-3186	233	36	hiskew	hiskew	NOUN
fsr-3186	233	37	0.04	0.04	NUM
fsr-3186	233	38	*	*	PUNCT
fsr-3186	233	39	*	*	PUNCT
fsr-3186	233	40	0.04	0.04	NUM
fsr-3186	233	41	*	*	PUNCT
fsr-3186	233	42	*	*	PUNCT
fsr-3186	233	43	(	(	PUNCT
fsr-3186	233	44	2.56	2.56	NUM
fsr-3186	233	45	)	)	PUNCT
fsr-3186	233	46	(	(	PUNCT
fsr-3186	233	47	2.51	2.51	NUM
fsr-3186	233	48	)	)	PUNCT
fsr-3186	233	49	i	i	PROPN
fsr-3186	233	50	d	d	PROPN
fsr-3186	233	51	incep	incep	VERB
fsr-3186	233	52	lowskew	lowskew	NOUN
fsr-3186	233	53	0.020	0.020	NUM
fsr-3186	233	54	(	(	PUNCT
fsr-3186	233	55	0.94	0.94	NUM
fsr-3186	233	56	)	)	PUNCT
fsr-3186	233	57	logtnat-1	logtnat-1	NUM
fsr-3186	233	58	$	$	SYM
fsr-3186	233	59	0.05	0.05	NUM
fsr-3186	233	60	*	*	PUNCT
fsr-3186	233	61	*	*	PUNCT
fsr-3186	233	62	*	*	PUNCT
fsr-3186	233	63	$	$	SYM
fsr-3186	233	64	0.01	0.01	NUM
fsr-3186	233	65	*	*	PUNCT
fsr-3186	233	66	*	*	PUNCT
fsr-3186	233	67	*	*	PUNCT
fsr-3186	233	68	$	$	SYM
fsr-3186	233	69	0.01	0.01	NUM
fsr-3186	233	70	*	*	PUNCT
fsr-3186	233	71	*	*	PUNCT
fsr-3186	233	72	*	*	PUNCT
fsr-3186	233	73	$	$	SYM
fsr-3186	233	74	0.01	0.01	NUM
fsr-3186	233	75	*	*	PUNCT
fsr-3186	233	76	*	*	PUNCT
fsr-3186	233	77	*	*	PUNCT
fsr-3186	233	78	$	$	SYM
fsr-3186	233	79	0.01	0.01	NUM
fsr-3186	233	80	*	*	PUNCT
fsr-3186	233	81	*	*	PUNCT
fsr-3186	233	82	*	*	PUNCT
fsr-3186	233	83	(	(	PUNCT
fsr-3186	233	84	$	$	SYM
fsr-3186	233	85	6.22	6.22	NUM
fsr-3186	233	86	)	)	PUNCT
fsr-3186	233	87	(	(	PUNCT
fsr-3186	233	88	$	$	SYM
fsr-3186	233	89	6.61	6.61	NUM
fsr-3186	233	90	)	)	PUNCT
fsr-3186	233	91	(	(	PUNCT
fsr-3186	233	92	$	$	SYM
fsr-3186	233	93	7.00	7.00	NUM
fsr-3186	233	94	)	)	PUNCT
fsr-3186	233	95	(	(	PUNCT
fsr-3186	233	96	$	$	SYM
fsr-3186	233	97	7.05	7.05	NUM
fsr-3186	233	98	)	)	PUNCT
fsr-3186	233	99	(	(	PUNCT
fsr-3186	233	100	$	$	SYM
fsr-3186	233	101	7.00	7.00	NUM
fsr-3186	233	102	)	)	PUNCT
fsr-3186	233	103	age	age	NOUN
fsr-3186	233	104	$	$	SYM
fsr-3186	233	105	0.01	0.01	NUM
fsr-3186	233	106	*	*	PUNCT
fsr-3186	233	107	*	*	PUNCT
fsr-3186	233	108	*	*	PUNCT
fsr-3186	233	109	$	$	SYM
fsr-3186	233	110	0.01	0.01	NUM
fsr-3186	233	111	*	*	PUNCT
fsr-3186	233	112	*	*	PUNCT
fsr-3186	233	113	*	*	PUNCT
fsr-3186	233	114	$	$	SYM
fsr-3186	233	115	0.01	0.01	NUM
fsr-3186	233	116	*	*	PUNCT
fsr-3186	233	117	*	*	PUNCT
fsr-3186	233	118	*	*	PUNCT
fsr-3186	233	119	$	$	SYM
fsr-3186	233	120	0.01	0.01	NUM
fsr-3186	233	121	*	*	PUNCT
fsr-3186	233	122	*	*	PUNCT
fsr-3186	233	123	*	*	PUNCT
fsr-3186	233	124	$	$	SYM
fsr-3186	233	125	0.01	0.01	NUM
fsr-3186	233	126	*	*	PUNCT
fsr-3186	233	127	*	*	PUNCT
fsr-3186	233	128	(	(	PUNCT
fsr-3186	233	129	$	$	SYM
fsr-3186	233	130	6.29	6.29	NUM
fsr-3186	233	131	)	)	PUNCT
fsr-3186	233	132	(	(	PUNCT
fsr-3186	233	133	$	$	SYM
fsr-3186	233	134	6.06	6.06	NUM
fsr-3186	233	135	)	)	PUNCT
fsr-3186	233	136	(	(	PUNCT
fsr-3186	233	137	$	$	SYM
fsr-3186	233	138	5.88	5.88	NUM
fsr-3186	233	139	)	)	PUNCT
fsr-3186	233	140	(	(	PUNCT
fsr-3186	233	141	$	$	SYM
fsr-3186	233	142	5.675	5.675	NUM
fsr-3186	233	143	)	)	PUNCT
fsr-3186	233	144	(	(	PUNCT
fsr-3186	233	145	$	$	SYM
fsr-3186	233	146	5.76	5.76	NUM
fsr-3186	233	147	)	)	PUNCT
fsr-3186	233	148	log	log	NOUN
fsr-3186	233	149	famsize	famsize	VERB
fsr-3186	233	150	0.01	0.01	NUM
fsr-3186	233	151	*	*	PUNCT
fsr-3186	233	152	*	*	NOUN
fsr-3186	233	153	0.01	0.01	NUM
fsr-3186	233	154	(	(	PUNCT
fsr-3186	233	155	0.00	0.00	NUM
fsr-3186	233	156	)	)	PUNCT
fsr-3186	233	157	0.01	0.01	NUM
fsr-3186	233	158	0.00	0.00	NUM
fsr-3186	233	159	(	(	PUNCT
fsr-3186	233	160	2.27	2.27	NUM
fsr-3186	233	161	)	)	PUNCT
fsr-3186	233	162	(	(	PUNCT
fsr-3186	233	163	1.36	1.36	NUM
fsr-3186	233	164	)	)	PUNCT
fsr-3186	233	165	(	(	PUNCT
fsr-3186	233	166	1.28	1.28	NUM
fsr-3186	233	167	)	)	PUNCT
fsr-3186	233	168	(	(	PUNCT
fsr-3186	233	169	1.21	1.21	NUM
fsr-3186	233	170	)	)	PUNCT
fsr-3186	233	171	(	(	PUNCT
fsr-3186	233	172	1.30	1.30	NUM
fsr-3186	233	173	)	)	PUNCT
fsr-3186	233	174	expense	expense	NOUN
fsr-3186	233	175	ratio	ratio	NOUN
fsr-3186	233	176	$	$	SYM
fsr-3186	233	177	0.04	0.04	NUM
fsr-3186	233	178	*	*	PUNCT
fsr-3186	233	179	*	*	PUNCT
fsr-3186	233	180	*	*	PUNCT
fsr-3186	233	181	$	$	SYM
fsr-3186	233	182	0.03	0.03	NUM
fsr-3186	233	183	*	*	PUNCT
fsr-3186	233	184	*	*	PUNCT
fsr-3186	233	185	*	*	PUNCT
fsr-3186	233	186	$	$	SYM
fsr-3186	233	187	0.04	0.04	NUM
fsr-3186	233	188	*	*	PUNCT
fsr-3186	233	189	*	*	PUNCT
fsr-3186	233	190	*	*	PUNCT
fsr-3186	233	191	$	$	SYM
fsr-3186	233	192	0.04	0.04	NUM
fsr-3186	233	193	*	*	PUNCT
fsr-3186	233	194	*	*	PUNCT
fsr-3186	233	195	*	*	PUNCT
fsr-3186	233	196	(	(	PUNCT
fsr-3186	233	197	5.72	5.72	NUM
fsr-3186	233	198	)	)	PUNCT
fsr-3186	233	199	(	(	PUNCT
fsr-3186	233	200	$	$	SYM
fsr-3186	233	201	5.93	5.93	NUM
fsr-3186	233	202	)	)	PUNCT
fsr-3186	233	203	(	(	PUNCT
fsr-3186	233	204	$	$	SYM
fsr-3186	233	205	5.80	5.80	NUM
fsr-3186	233	206	)	)	PUNCT
fsr-3186	233	207	(	(	PUNCT
fsr-3186	233	208	$	$	SYM
fsr-3186	233	209	5.79	5.79	NUM
fsr-3186	233	210	)	)	PUNCT
fsr-3186	233	211	turnover	turnover	NOUN
fsr-3186	233	212	ratio	ratio	NOUN
fsr-3186	233	213	$	$	SYM
fsr-3186	233	214	0.00	0.00	NUM
fsr-3186	233	215	$	$	SYM
fsr-3186	233	216	0.00	0.00	NUM
fsr-3186	233	217	$	$	SYM
fsr-3186	233	218	0.00	0.00	NUM
fsr-3186	233	219	$	$	SYM
fsr-3186	233	220	0.00	0.00	NUM
fsr-3186	233	221	(	(	PUNCT
fsr-3186	233	222	$	$	SYM
fsr-3186	233	223	0.31	0.31	NUM
fsr-3186	233	224	)	)	PUNCT
fsr-3186	233	225	(	(	PUNCT
fsr-3186	233	226	$	$	SYM
fsr-3186	233	227	0.22	0.22	NUM
fsr-3186	233	228	)	)	PUNCT
fsr-3186	233	229	(	(	PUNCT
fsr-3186	233	230	$	$	SYM
fsr-3186	233	231	0.02	0.02	NUM
fsr-3186	233	232	)	)	PUNCT
fsr-3186	233	233	(	(	PUNCT
fsr-3186	233	234	$	$	SYM
fsr-3186	233	235	0.28	0.28	NUM
fsr-3186	233	236	)	)	PUNCT
fsr-3186	233	237	ret1	ret1	NOUN
fsr-3186	233	238	0.003	0.003	NUM
fsr-3186	233	239	*	*	PUNCT
fsr-3186	233	240	*	*	PUNCT
fsr-3186	233	241	*	*	PUNCT
fsr-3186	233	242	0.003	0.003	NUM
fsr-3186	233	243	*	*	PUNCT
fsr-3186	233	244	*	*	PUNCT
fsr-3186	233	245	*	*	PUNCT
fsr-3186	233	246	0.003	0.003	NUM
fsr-3186	233	247	*	*	PUNCT
fsr-3186	233	248	*	*	PUNCT
fsr-3186	233	249	*	*	PUNCT
fsr-3186	233	250	0.003	0.003	NUM
fsr-3186	233	251	*	*	PUNCT
fsr-3186	233	252	*	*	PUNCT
fsr-3186	233	253	*	*	PUNCT
fsr-3186	233	254	(	(	PUNCT
fsr-3186	233	255	14.99	14.99	NUM
fsr-3186	233	256	)	)	PUNCT
fsr-3186	233	257	(	(	PUNCT
fsr-3186	233	258	14.99	14.99	NUM
fsr-3186	233	259	)	)	PUNCT
fsr-3186	233	260	(	(	PUNCT
fsr-3186	233	261	14.97	14.97	NUM
fsr-3186	233	262	)	)	PUNCT
fsr-3186	233	263	(	(	PUNCT
fsr-3186	233	264	14.98	14.98	NUM
fsr-3186	233	265	)	)	PUNCT
fsr-3186	233	266	number	number	NOUN
fsr-3186	233	267	of	of	ADP
fsr-3186	233	268	observations	observation	NOUN
fsr-3186	233	269	159,982	159,982	NUM
fsr-3186	233	270	159,982	159,982	NUM
fsr-3186	233	271	160,222	160,222	NUM
fsr-3186	233	272	159,982	159,982	NUM
fsr-3186	233	273	159,982	159,982	NUM
fsr-3186	233	274	159,982	159,982	NUM
fsr-3186	233	275	fixed	fix	VERB
fsr-3186	233	276	effects	effect	NOUN
fsr-3186	234	1	yes	yes	INTJ
fsr-3186	235	1	yes	yes	INTJ
fsr-3186	236	1	yes	yes	INTJ
fsr-3186	237	1	yes	yes	INTJ
fsr-3186	238	1	yes	yes	INTJ
fsr-3186	238	2	yes	yes	INTJ
fsr-3186	238	3	pseudo	pseudo	NOUN
fsr-3186	238	4	r2	r2	NOUN
fsr-3186	238	5	0.01	0.01	NUM
fsr-3186	238	6	0.1	0.1	NUM
fsr-3186	238	7	0.2	0.2	NUM
fsr-3186	238	8	0.2	0.2	NUM
fsr-3186	238	9	0.2	0.2	NUM
fsr-3186	238	10	0.2	0.2	NUM
fsr-3186	238	11	note	note	NOUN
fsr-3186	238	12	.	.	PUNCT
fsr-3186	239	1	this	this	DET
fsr-3186	239	2	table	table	NOUN
fsr-3186	239	3	shows	show	VERB
fsr-3186	239	4	the	the	DET
fsr-3186	239	5	coefficients	coefficient	NOUN
fsr-3186	239	6	from	from	ADP
fsr-3186	239	7	a	a	DET
fsr-3186	239	8	regression	regression	NOUN
fsr-3186	239	9	of	of	ADP
fsr-3186	239	10	investor	investor	NOUN
fsr-3186	239	11	cash	cash	NOUN
fsr-3186	239	12	flow	flow	NOUN
fsr-3186	239	13	on	on	ADP
fsr-3186	239	14	fund	fund	NOUN
fsr-3186	239	15	characteristics	characteristic	NOUN
fsr-3186	239	16	,	,	PUNCT
fsr-3186	239	17	including	include	VERB
fsr-3186	239	18	whether	whether	SCONJ
fsr-3186	239	19	the	the	DET
fsr-3186	239	20	fund	fund	NOUN
fsr-3186	239	21	is	be	AUX
fsr-3186	239	22	incubated	incubate	VERB
fsr-3186	239	23	and	and	CCONJ
fsr-3186	239	24	in	in	ADP
fsr-3186	239	25	the	the	DET
fsr-3186	239	26	highest	high	ADJ
fsr-3186	239	27	skewness	skewness	NOUN
fsr-3186	239	28	quintile	quintile	NOUN
fsr-3186	239	29	at	at	ADP
fsr-3186	239	30	inception	inception	NOUN
fsr-3186	239	31	.	.	PUNCT
fsr-3186	240	1	the	the	DET
fsr-3186	240	2	dependent	dependent	ADJ
fsr-3186	240	3	variable	variable	NOUN
fsr-3186	240	4	is	be	AUX
fsr-3186	240	5	net	net	ADJ
fsr-3186	240	6	cash	cash	NOUN
fsr-3186	240	7	flow	flow	NOUN
fsr-3186	240	8	ranked	rank	VERB
fsr-3186	240	9	by	by	ADP
fsr-3186	240	10	month	month	NOUN
fsr-3186	240	11	and	and	CCONJ
fsr-3186	240	12	year	year	NOUN
fsr-3186	240	13	.	.	PUNCT
fsr-3186	241	1	each	each	DET
fsr-3186	241	2	fund	fund	NOUN
fsr-3186	241	3	is	be	AUX
fsr-3186	241	4	assigned	assign	VERB
fsr-3186	241	5	a	a	DET
fsr-3186	241	6	fractional	fractional	ADJ
fsr-3186	241	7	rank	rank	NOUN
fsr-3186	241	8	between	between	ADP
fsr-3186	241	9	zero	zero	NUM
fsr-3186	241	10	(	(	PUNCT
fsr-3186	241	11	lowest	low	ADJ
fsr-3186	241	12	)	)	PUNCT
fsr-3186	241	13	and	and	CCONJ
fsr-3186	241	14	one	one	NUM
fsr-3186	241	15	(	(	PUNCT
fsr-3186	241	16	highest	high	ADJ
fsr-3186	241	17	)	)	PUNCT
fsr-3186	241	18	based	base	VERB
fsr-3186	241	19	on	on	ADP
fsr-3186	241	20	net	net	ADJ
fsr-3186	241	21	cash	cash	NOUN
fsr-3186	241	22	flow	flow	NOUN
fsr-3186	241	23	for	for	ADP
fsr-3186	241	24	that	that	DET
fsr-3186	241	25	year	year	NOUN
fsr-3186	241	26	.	.	PUNCT
fsr-3186	242	1	i	i	PRON
fsr-3186	242	2	d	d	PROPN
fsr-3186	242	3	incubated	incubate	VERB
fsr-3186	242	4	is	be	AUX
fsr-3186	242	5	represented	represent	VERB
fsr-3186	242	6	by	by	ADP
fsr-3186	242	7	one	one	NUM
fsr-3186	242	8	if	if	SCONJ
fsr-3186	242	9	the	the	DET
fsr-3186	242	10	fund	fund	NOUN
fsr-3186	242	11	is	be	AUX
fsr-3186	242	12	incubated	incubate	VERB
fsr-3186	242	13	,	,	PUNCT
fsr-3186	242	14	zero	zero	NUM
fsr-3186	242	15	otherwise	otherwise	ADV
fsr-3186	242	16	.	.	PUNCT
fsr-3186	243	1	skewness	skewness	NOUN
fsr-3186	243	2	denotes	denote	VERB
fsr-3186	243	3	the	the	DET
fsr-3186	243	4	annual	annual	ADJ
fsr-3186	243	5	skewness	skewness	NOUN
fsr-3186	243	6	of	of	ADP
fsr-3186	243	7	the	the	DET
fsr-3186	243	8	mutual	mutual	ADJ
fsr-3186	243	9	fund	fund	NOUN
fsr-3186	243	10	,	,	PUNCT
fsr-3186	243	11	computed	compute	VERB
fsr-3186	243	12	using	use	VERB
fsr-3186	243	13	the	the	DET
fsr-3186	243	14	formula	formula	NOUN
fsr-3186	243	15	in	in	ADP
fsr-3186	243	16	eq	eq	NOUN
fsr-3186	243	17	.	.	PROPN
fsr-3186	244	1	1	1	X
fsr-3186	244	2	.	.	X
fsr-3186	245	1	i	i	PRON
fsr-3186	245	2	d	d	PROPN
fsr-3186	245	3	incep	incep	VERB
fsr-3186	245	4	hiskew	hiskew	NOUN
fsr-3186	245	5	and	and	CCONJ
fsr-3186	245	6	i	i	PROPN
fsr-3186	245	7	d	d	PROPN
fsr-3186	245	8	incep	incep	VERB
fsr-3186	245	9	lowskew	lowskew	NOUN
fsr-3186	245	10	represents	represent	VERB
fsr-3186	245	11	incubated	incubate	VERB
fsr-3186	245	12	funds	fund	NOUN
fsr-3186	245	13	that	that	PRON
fsr-3186	245	14	belong	belong	VERB
fsr-3186	245	15	to	to	ADP
fsr-3186	245	16	the	the	DET
fsr-3186	245	17	highest	high	ADJ
fsr-3186	245	18	and	and	CCONJ
fsr-3186	245	19	lowest	low	ADJ
fsr-3186	245	20	skewness	skewness	NOUN
fsr-3186	245	21	quintile	quintile	NOUN
fsr-3186	245	22	at	at	ADP
fsr-3186	245	23	inception	inception	NOUN
fsr-3186	245	24	.	.	PUNCT
fsr-3186	246	1	lntnat-1	lntnat-1	PROPN
fsr-3186	246	2	represents	represent	VERB
fsr-3186	246	3	the	the	DET
fsr-3186	246	4	log	log	NOUN
fsr-3186	246	5	lag	lag	NOUN
fsr-3186	246	6	of	of	ADP
fsr-3186	246	7	a	a	DET
fsr-3186	246	8	mutual	mutual	ADJ
fsr-3186	246	9	fund	fund	NOUN
fsr-3186	246	10	’s	’s	PART
fsr-3186	246	11	total	total	ADJ
fsr-3186	246	12	net	net	ADJ
fsr-3186	246	13	assets	asset	NOUN
fsr-3186	246	14	.	.	PUNCT
fsr-3186	247	1	age	age	NOUN
fsr-3186	247	2	represents	represent	VERB
fsr-3186	247	3	the	the	DET
fsr-3186	247	4	number	number	NOUN
fsr-3186	247	5	of	of	ADP
fsr-3186	247	6	years	year	NOUN
fsr-3186	247	7	a	a	DET
fsr-3186	247	8	mutual	mutual	ADJ
fsr-3186	247	9	fund	fund	NOUN
fsr-3186	247	10	has	have	AUX
fsr-3186	247	11	been	be	AUX
fsr-3186	247	12	in	in	ADP
fsr-3186	247	13	existence	existence	NOUN
fsr-3186	247	14	since	since	SCONJ
fsr-3186	247	15	its	its	PRON
fsr-3186	247	16	inception	inception	NOUN
fsr-3186	247	17	.	.	PUNCT
fsr-3186	248	1	log	log	PROPN
fsr-3186	248	2	famsize	famsize	NOUN
fsr-3186	248	3	represents	represent	VERB
fsr-3186	248	4	the	the	DET
fsr-3186	248	5	natural	natural	ADJ
fsr-3186	248	6	log	log	NOUN
fsr-3186	248	7	of	of	ADP
fsr-3186	248	8	a	a	DET
fsr-3186	248	9	mutual	mutual	ADJ
fsr-3186	248	10	fund	fund	NOUN
fsr-3186	248	11	’s	’s	PART
fsr-3186	248	12	family	family	NOUN
fsr-3186	248	13	size	size	NOUN
fsr-3186	248	14	.	.	PUNCT
fsr-3186	249	1	expense	expense	NOUN
fsr-3186	249	2	,	,	PUNCT
fsr-3186	249	3	denotes	denote	VERB
fsr-3186	249	4	the	the	DET
fsr-3186	249	5	mutual	mutual	ADJ
fsr-3186	249	6	funds	fund	NOUN
fsr-3186	249	7	expense	expense	NOUN
fsr-3186	249	8	ratio	ratio	NOUN
fsr-3186	249	9	.	.	PUNCT
fsr-3186	250	1	turnover	turnover	NOUN
fsr-3186	250	2	represents	represent	VERB
fsr-3186	250	3	the	the	DET
fsr-3186	250	4	mutual	mutual	ADJ
fsr-3186	250	5	funds	fund	NOUN
fsr-3186	250	6	turnover	turnover	NOUN
fsr-3186	250	7	.	.	PUNCT
fsr-3186	251	1	ret1	ret1	NOUN
fsr-3186	251	2	is	be	AUX
fsr-3186	251	3	the	the	DET
fsr-3186	251	4	market	market	NOUN
fsr-3186	251	5	adjusted	adjust	VERB
fsr-3186	251	6	return	return	NOUN
fsr-3186	251	7	for	for	ADP
fsr-3186	251	8	the	the	DET
fsr-3186	251	9	prior	prior	ADJ
fsr-3186	251	10	12	12	NUM
fsr-3186	251	11	months	month	NOUN
fsr-3186	251	12	also	also	ADV
fsr-3186	251	13	reported	report	VERB
fsr-3186	251	14	are	be	AUX
fsr-3186	251	15	robust	robust	ADJ
fsr-3186	251	16	t	t	NOUN
fsr-3186	251	17	statistics	statistic	NOUN
fsr-3186	251	18	for	for	ADP
fsr-3186	251	19	each	each	DET
fsr-3186	251	20	variable	variable	NOUN
fsr-3186	251	21	,	,	PUNCT
fsr-3186	251	22	number	number	NOUN
fsr-3186	251	23	of	of	ADP
fsr-3186	251	24	observations	observation	NOUN
fsr-3186	251	25	,	,	PUNCT
fsr-3186	251	26	and	and	CCONJ
fsr-3186	251	27	pseudo	pseudo	NOUN
fsr-3186	251	28	r2	r2	NOUN
fsr-3186	251	29	.	.	PUNCT
fsr-3186	252	1	the	the	DET
fsr-3186	252	2	asterisks	asterisk	NOUN
fsr-3186	252	3	statistical	statistical	ADJ
fsr-3186	252	4	significance	significance	NOUN
fsr-3186	252	5	as	as	SCONJ
fsr-3186	252	6	followed	follow	VERB
fsr-3186	252	7	:	:	PUNCT
fsr-3186	252	8	*	*	PUNCT
fsr-3186	252	9	significant	significant	ADJ
fsr-3186	252	10	at	at	ADP
fsr-3186	252	11	5	5	NUM
fsr-3186	252	12	%	%	NOUN
fsr-3186	252	13	,	,	PUNCT
fsr-3186	252	14	*	*	PUNCT
fsr-3186	252	15	*	*	PUNCT
fsr-3186	252	16	significant	significant	ADJ
fsr-3186	252	17	at	at	ADP
fsr-3186	252	18	1	1	NUM
fsr-3186	252	19	%	%	NOUN
fsr-3186	252	20	,	,	PUNCT
fsr-3186	252	21	and	and	CCONJ
fsr-3186	252	22	*	*	PUNCT
fsr-3186	252	23	*	*	PUNCT
fsr-3186	252	24	*	*	VERB
fsr-3186	252	25	significant	significant	ADJ
fsr-3186	252	26	at	at	ADP
fsr-3186	252	27	0.1	0.1	NUM
fsr-3186	252	28	%	%	NOUN
fsr-3186	252	29	.	.	PUNCT
fsr-3186	253	1	73p	73p	NOUN
fsr-3186	253	2	.	.	PUNCT
fsr-3186	254	1	gibson	gibson	PROPN
fsr-3186	254	2	,	,	PUNCT
fsr-3186	254	3	m.	m.	NOUN
fsr-3186	254	4	finke	finke	PROPN
fsr-3186	254	5	/	/	SYM
fsr-3186	254	6	financial	financial	ADJ
fsr-3186	254	7	services	service	NOUN
fsr-3186	254	8	review	review	VERB
fsr-3186	254	9	23	23	NUM
fsr-3186	254	10	(	(	PUNCT
fsr-3186	254	11	2014	2014	NUM
fsr-3186	254	12	)	)	PUNCT
fsr-3186	254	13	63–75	63–75	NUM
fsr-3186	255	1	this	this	DET
fsr-3186	255	2	loss	loss	NOUN
fsr-3186	255	3	may	may	AUX
fsr-3186	255	4	be	be	AUX
fsr-3186	255	5	reduced	reduce	VERB
fsr-3186	255	6	by	by	ADP
fsr-3186	255	7	reducing	reduce	VERB
fsr-3186	255	8	a	a	DET
fsr-3186	255	9	fund	fund	NOUN
fsr-3186	255	10	’s	’s	PART
fsr-3186	255	11	ability	ability	NOUN
fsr-3186	255	12	to	to	PART
fsr-3186	255	13	backfill	backfill	VERB
fsr-3186	255	14	data	datum	NOUN
fsr-3186	255	15	or	or	CCONJ
fsr-3186	255	16	increasing	increase	VERB
fsr-3186	255	17	awareness	awareness	NOUN
fsr-3186	255	18	among	among	ADP
fsr-3186	255	19	financial	financial	ADJ
fsr-3186	255	20	advisors	advisor	NOUN
fsr-3186	255	21	or	or	CCONJ
fsr-3186	255	22	investors	investor	NOUN
fsr-3186	255	23	of	of	ADP
fsr-3186	255	24	the	the	DET
fsr-3186	255	25	incubation	incubation	NOUN
fsr-3186	255	26	process	process	NOUN
fsr-3186	255	27	.	.	PUNCT
fsr-3186	256	1	7	7	X
fsr-3186	256	2	.	.	X
fsr-3186	256	3	conclusion	conclusion	NOUN
fsr-3186	256	4	consumers	consumer	NOUN
fsr-3186	256	5	faced	face	VERB
fsr-3186	256	6	with	with	ADP
fsr-3186	256	7	high	high	ADJ
fsr-3186	256	8	search	search	NOUN
fsr-3186	256	9	costs	cost	NOUN
fsr-3186	256	10	when	when	SCONJ
fsr-3186	256	11	selecting	select	VERB
fsr-3186	256	12	mutual	mutual	ADJ
fsr-3186	256	13	funds	fund	NOUN
fsr-3186	256	14	look	look	VERB
fsr-3186	256	15	for	for	ADP
fsr-3186	256	16	salient	salient	ADJ
fsr-3186	256	17	quality	quality	NOUN
fsr-3186	256	18	signals	signal	NOUN
fsr-3186	256	19	such	such	ADJ
fsr-3186	256	20	as	as	ADP
fsr-3186	256	21	recent	recent	ADJ
fsr-3186	256	22	prior	prior	ADJ
fsr-3186	256	23	returns	return	NOUN
fsr-3186	256	24	.	.	PUNCT
fsr-3186	257	1	recent	recent	ADJ
fsr-3186	257	2	returns	return	NOUN
fsr-3186	257	3	can	can	AUX
fsr-3186	257	4	be	be	AUX
fsr-3186	257	5	manipulated	manipulate	VERB
fsr-3186	257	6	by	by	ADP
fsr-3186	257	7	fund	fund	NOUN
fsr-3186	257	8	families	family	NOUN
fsr-3186	257	9	through	through	ADP
fsr-3186	257	10	the	the	DET
fsr-3186	257	11	process	process	NOUN
fsr-3186	257	12	of	of	ADP
fsr-3186	257	13	incubation	incubation	NOUN
fsr-3186	257	14	in	in	ADP
fsr-3186	257	15	which	which	PRON
fsr-3186	257	16	successful	successful	ADJ
fsr-3186	257	17	funds	fund	NOUN
fsr-3186	257	18	are	be	AUX
fsr-3186	257	19	marketed	market	VERB
fsr-3186	257	20	and	and	CCONJ
fsr-3186	257	21	unsuccessful	unsuccessful	ADJ
fsr-3186	257	22	funds	fund	NOUN
fsr-3186	257	23	are	be	AUX
fsr-3186	257	24	eliminated	eliminate	VERB
fsr-3186	257	25	.	.	PUNCT
fsr-3186	258	1	we	we	PRON
fsr-3186	258	2	hypothesize	hypothesize	VERB
fsr-3186	258	3	that	that	SCONJ
fsr-3186	258	4	funds	fund	NOUN
fsr-3186	258	5	have	have	VERB
fsr-3186	258	6	an	an	DET
fsr-3186	258	7	incentive	incentive	NOUN
fsr-3186	258	8	to	to	PART
fsr-3186	258	9	select	select	VERB
fsr-3186	258	10	highly	highly	ADV
fsr-3186	258	11	skewed	skewed	ADJ
fsr-3186	258	12	securities	security	NOUN
fsr-3186	258	13	when	when	SCONJ
fsr-3186	258	14	incubating	incubate	VERB
fsr-3186	258	15	funds	fund	NOUN
fsr-3186	258	16	to	to	PART
fsr-3186	258	17	increase	increase	VERB
fsr-3186	258	18	the	the	DET
fsr-3186	258	19	likelihood	likelihood	NOUN
fsr-3186	258	20	that	that	SCONJ
fsr-3186	258	21	some	some	DET
fsr-3186	258	22	funds	fund	NOUN
fsr-3186	258	23	will	will	AUX
fsr-3186	258	24	achieve	achieve	VERB
fsr-3186	258	25	significant	significant	ADJ
fsr-3186	258	26	outperformance	outperformance	NOUN
fsr-3186	258	27	before	before	SCONJ
fsr-3186	258	28	they	they	PRON
fsr-3186	258	29	are	be	AUX
fsr-3186	258	30	sold	sell	VERB
fsr-3186	258	31	to	to	ADP
fsr-3186	258	32	the	the	DET
fsr-3186	258	33	public	public	NOUN
fsr-3186	258	34	.	.	PUNCT
fsr-3186	259	1	to	to	PART
fsr-3186	259	2	test	test	VERB
fsr-3186	259	3	this	this	DET
fsr-3186	259	4	hypothesis	hypothesis	NOUN
fsr-3186	259	5	,	,	PUNCT
fsr-3186	259	6	we	we	PRON
fsr-3186	259	7	investigate	investigate	VERB
fsr-3186	259	8	whether	whether	SCONJ
fsr-3186	259	9	new	new	ADJ
fsr-3186	259	10	investor	investor	NOUN
fsr-3186	259	11	dollars	dollar	NOUN
fsr-3186	259	12	flow	flow	VERB
fsr-3186	259	13	toward	toward	ADP
fsr-3186	259	14	more	more	ADV
fsr-3186	259	15	highly	highly	ADV
fsr-3186	259	16	skewed	skewed	ADJ
fsr-3186	259	17	incubated	incubate	VERB
fsr-3186	259	18	funds	fund	NOUN
fsr-3186	259	19	after	after	ADP
fsr-3186	259	20	inception	inception	NOUN
fsr-3186	259	21	.	.	PUNCT
fsr-3186	260	1	the	the	DET
fsr-3186	260	2	results	result	NOUN
fsr-3186	260	3	of	of	ADP
fsr-3186	260	4	this	this	DET
fsr-3186	260	5	study	study	NOUN
fsr-3186	260	6	reveal	reveal	VERB
fsr-3186	260	7	that	that	SCONJ
fsr-3186	260	8	incubated	incubate	VERB
fsr-3186	260	9	funds	fund	NOUN
fsr-3186	260	10	carry	carry	VERB
fsr-3186	260	11	a	a	DET
fsr-3186	260	12	higher	high	ADJ
fsr-3186	260	13	expense	expense	NOUN
fsr-3186	260	14	ratio	ratio	NOUN
fsr-3186	260	15	relative	relative	ADJ
fsr-3186	260	16	to	to	ADP
fsr-3186	260	17	non	non	ADJ
fsr-3186	260	18	-	-	ADJ
fsr-3186	260	19	incubated	incubate	VERB
fsr-3186	260	20	funds	fund	NOUN
fsr-3186	260	21	.	.	PUNCT
fsr-3186	261	1	given	give	VERB
fsr-3186	261	2	that	that	SCONJ
fsr-3186	261	3	incubated	incubate	VERB
fsr-3186	261	4	funds	fund	NOUN
fsr-3186	261	5	are	be	AUX
fsr-3186	261	6	launched	launch	VERB
fsr-3186	261	7	only	only	ADV
fsr-3186	261	8	after	after	SCONJ
fsr-3186	261	9	they	they	PRON
fsr-3186	261	10	achieve	achieve	VERB
fsr-3186	261	11	high	high	ADJ
fsr-3186	261	12	returns	return	NOUN
fsr-3186	261	13	,	,	PUNCT
fsr-3186	261	14	mutual	mutual	ADJ
fsr-3186	261	15	fund	fund	NOUN
fsr-3186	261	16	companies	company	NOUN
fsr-3186	261	17	are	be	AUX
fsr-3186	261	18	able	able	ADJ
fsr-3186	261	19	to	to	PART
fsr-3186	261	20	charge	charge	VERB
fsr-3186	261	21	greater	great	ADJ
fsr-3186	261	22	fees	fee	NOUN
fsr-3186	261	23	because	because	SCONJ
fsr-3186	261	24	they	they	PRON
fsr-3186	261	25	know	know	VERB
fsr-3186	261	26	that	that	SCONJ
fsr-3186	261	27	investors	investor	NOUN
fsr-3186	261	28	respond	respond	VERB
fsr-3186	261	29	positively	positively	ADV
fsr-3186	261	30	to	to	ADP
fsr-3186	261	31	performance	performance	NOUN
fsr-3186	261	32	.	.	PUNCT
fsr-3186	262	1	however	however	ADV
fsr-3186	262	2	,	,	PUNCT
fsr-3186	262	3	as	as	SCONJ
fsr-3186	262	4	the	the	DET
fsr-3186	262	5	results	result	NOUN
fsr-3186	262	6	of	of	ADP
fsr-3186	262	7	this	this	DET
fsr-3186	262	8	study	study	NOUN
fsr-3186	262	9	show	show	NOUN
fsr-3186	262	10	,	,	PUNCT
fsr-3186	262	11	incubated	incubate	VERB
fsr-3186	262	12	funds	fund	NOUN
fsr-3186	262	13	do	do	AUX
fsr-3186	262	14	not	not	PART
fsr-3186	262	15	have	have	VERB
fsr-3186	262	16	exceptional	exceptional	ADJ
fsr-3186	262	17	performance	performance	NOUN
fsr-3186	262	18	post	post	NOUN
fsr-3186	262	19	-	-	NOUN
fsr-3186	262	20	incubation	incubation	NOUN
fsr-3186	262	21	.	.	PUNCT
fsr-3186	263	1	as	as	ADP
fsr-3186	263	2	a	a	DET
fsr-3186	263	3	result	result	NOUN
fsr-3186	263	4	,	,	PUNCT
fsr-3186	263	5	investors	investor	NOUN
fsr-3186	263	6	are	be	AUX
fsr-3186	263	7	made	make	VERB
fsr-3186	263	8	worse	bad	ADJ
fsr-3186	263	9	off	off	ADP
fsr-3186	263	10	investing	invest	VERB
fsr-3186	263	11	in	in	ADP
fsr-3186	263	12	high	high	ADJ
fsr-3186	263	13	expense	expense	NOUN
fsr-3186	263	14	funds	fund	NOUN
fsr-3186	263	15	that	that	PRON
fsr-3186	263	16	are	be	AUX
fsr-3186	263	17	created	create	VERB
fsr-3186	263	18	through	through	ADP
fsr-3186	263	19	incubation	incubation	NOUN
fsr-3186	263	20	.	.	PUNCT
fsr-3186	264	1	the	the	DET
fsr-3186	264	2	results	result	NOUN
fsr-3186	264	3	of	of	ADP
fsr-3186	264	4	this	this	DET
fsr-3186	264	5	study	study	NOUN
fsr-3186	264	6	also	also	ADV
fsr-3186	264	7	reveal	reveal	VERB
fsr-3186	264	8	that	that	SCONJ
fsr-3186	264	9	when	when	SCONJ
fsr-3186	264	10	incubated	incubate	VERB
fsr-3186	264	11	mutual	mutual	ADJ
fsr-3186	264	12	funds	fund	NOUN
fsr-3186	264	13	are	be	AUX
fsr-3186	264	14	made	make	VERB
fsr-3186	264	15	available	available	ADJ
fsr-3186	264	16	to	to	ADP
fsr-3186	264	17	the	the	DET
fsr-3186	264	18	public	public	NOUN
fsr-3186	264	19	,	,	PUNCT
fsr-3186	264	20	those	those	DET
fsr-3186	264	21	funds	fund	NOUN
fsr-3186	264	22	highly	highly	ADV
fsr-3186	264	23	skewed	skew	VERB
fsr-3186	264	24	before	before	SCONJ
fsr-3186	264	25	launch	launch	NOUN
fsr-3186	264	26	receive	receive	VERB
fsr-3186	264	27	a	a	DET
fsr-3186	264	28	larger	large	ADJ
fsr-3186	264	29	inflow	inflow	NOUN
fsr-3186	264	30	of	of	ADP
fsr-3186	264	31	funds	fund	NOUN
fsr-3186	264	32	relative	relative	ADJ
fsr-3186	264	33	to	to	ADP
fsr-3186	264	34	other	other	ADJ
fsr-3186	264	35	funds	fund	NOUN
fsr-3186	264	36	.	.	PUNCT
fsr-3186	265	1	a	a	DET
fsr-3186	265	2	possible	possible	ADJ
fsr-3186	265	3	explanation	explanation	NOUN
fsr-3186	265	4	is	be	AUX
fsr-3186	265	5	the	the	DET
fsr-3186	265	6	upside	upside	ADJ
fsr-3186	265	7	potential	potential	NOUN
fsr-3186	265	8	demonstrated	demonstrate	VERB
fsr-3186	265	9	by	by	ADP
fsr-3186	265	10	these	these	DET
fsr-3186	265	11	funds	fund	NOUN
fsr-3186	265	12	during	during	ADP
fsr-3186	265	13	incubation	incubation	NOUN
fsr-3186	265	14	.	.	PUNCT
fsr-3186	266	1	arguably	arguably	ADV
fsr-3186	266	2	,	,	PUNCT
fsr-3186	266	3	investors	investor	NOUN
fsr-3186	266	4	are	be	AUX
fsr-3186	266	5	not	not	PART
fsr-3186	266	6	identifying	identify	VERB
fsr-3186	266	7	managers	manager	NOUN
fsr-3186	266	8	with	with	ADP
fsr-3186	266	9	superior	superior	ADJ
fsr-3186	266	10	stock	stock	NOUN
fsr-3186	266	11	picking	picking	NOUN
fsr-3186	266	12	ability	ability	NOUN
fsr-3186	266	13	,	,	PUNCT
fsr-3186	266	14	but	but	CCONJ
fsr-3186	266	15	they	they	PRON
fsr-3186	266	16	are	be	AUX
fsr-3186	266	17	identifying	identify	VERB
fsr-3186	266	18	funds	fund	NOUN
fsr-3186	266	19	whose	whose	DET
fsr-3186	266	20	possibly	possibly	ADV
fsr-3186	266	21	random	random	ADJ
fsr-3186	266	22	outperformance	outperformance	NOUN
fsr-3186	266	23	during	during	ADP
fsr-3186	266	24	incubation	incubation	NOUN
fsr-3186	266	25	is	be	AUX
fsr-3186	266	26	marketed	market	VERB
fsr-3186	266	27	as	as	ADP
fsr-3186	266	28	a	a	DET
fsr-3186	266	29	signal	signal	NOUN
fsr-3186	266	30	of	of	ADP
fsr-3186	266	31	quality	quality	NOUN
fsr-3186	266	32	.	.	PUNCT
fsr-3186	267	1	this	this	DET
fsr-3186	267	2	practice	practice	NOUN
fsr-3186	267	3	may	may	AUX
fsr-3186	267	4	be	be	AUX
fsr-3186	267	5	misleading	mislead	VERB
fsr-3186	267	6	and	and	CCONJ
fsr-3186	267	7	,	,	PUNCT
fsr-3186	267	8	given	give	VERB
fsr-3186	267	9	that	that	SCONJ
fsr-3186	267	10	these	these	DET
fsr-3186	267	11	funds	fund	NOUN
fsr-3186	267	12	carry	carry	VERB
fsr-3186	267	13	higher	high	ADJ
fsr-3186	267	14	fees	fee	NOUN
fsr-3186	267	15	and	and	CCONJ
fsr-3186	267	16	do	do	AUX
fsr-3186	267	17	not	not	PART
fsr-3186	267	18	perform	perform	VERB
fsr-3186	267	19	as	as	ADV
fsr-3186	267	20	well	well	ADV
fsr-3186	267	21	once	once	SCONJ
fsr-3186	267	22	they	they	PRON
fsr-3186	267	23	are	be	AUX
fsr-3186	267	24	publicly	publicly	ADV
fsr-3186	267	25	available	available	ADJ
fsr-3186	267	26	,	,	PUNCT
fsr-3186	267	27	there	there	PRON
fsr-3186	267	28	is	be	VERB
fsr-3186	267	29	a	a	DET
fsr-3186	267	30	potential	potential	ADJ
fsr-3186	267	31	loss	loss	NOUN
fsr-3186	267	32	of	of	ADP
fsr-3186	267	33	wealth	wealth	NOUN
fsr-3186	267	34	to	to	ADP
fsr-3186	267	35	investors	investor	NOUN
fsr-3186	267	36	.	.	PUNCT
fsr-3186	268	1	notes	note	VERB
fsr-3186	268	2	1	1	NUM
fsr-3186	268	3	i	i	PRON
fsr-3186	268	4	would	would	AUX
fsr-3186	268	5	like	like	VERB
fsr-3186	268	6	to	to	PART
fsr-3186	268	7	thank	thank	VERB
fsr-3186	268	8	richard	richard	PROPN
fsr-3186	268	9	evans	evans	PROPN
fsr-3186	268	10	at	at	ADP
fsr-3186	268	11	the	the	DET
fsr-3186	268	12	university	university	PROPN
fsr-3186	268	13	of	of	ADP
fsr-3186	268	14	virginia	virginia	PROPN
fsr-3186	268	15	for	for	ADP
fsr-3186	268	16	providing	provide	VERB
fsr-3186	268	17	me	i	PRON
fsr-3186	268	18	with	with	ADP
fsr-3186	268	19	this	this	DET
fsr-3186	268	20	data	datum	NOUN
fsr-3186	268	21	.	.	PUNCT
fsr-3186	269	1	references	reference	NOUN
fsr-3186	269	2	ackerman	ackerman	PROPN
fsr-3186	269	3	,	,	PUNCT
fsr-3186	269	4	c.	c.	PROPN
fsr-3186	269	5	,	,	PUNCT
fsr-3186	269	6	&	&	CCONJ
fsr-3186	269	7	loughran	loughran	PROPN
fsr-3186	269	8	,	,	PUNCT
fsr-3186	269	9	t.	t.	PROPN
fsr-3186	269	10	(	(	PUNCT
fsr-3186	269	11	2007	2007	NUM
fsr-3186	269	12	)	)	PUNCT
fsr-3186	269	13	.	.	PUNCT
fsr-3186	270	1	mutual	mutual	ADJ
fsr-3186	270	2	fund	fund	NOUN
fsr-3186	270	3	incubation	incubation	NOUN
fsr-3186	270	4	and	and	CCONJ
fsr-3186	270	5	the	the	DET
fsr-3186	270	6	role	role	NOUN
fsr-3186	270	7	of	of	ADP
fsr-3186	270	8	the	the	DET
fsr-3186	270	9	securities	securities	PROPN
fsr-3186	270	10	exchange	exchange	PROPN
fsr-3186	270	11	commission	commission	PROPN
fsr-3186	270	12	.	.	PUNCT
fsr-3186	271	1	journal	journal	PROPN
fsr-3186	271	2	of	of	ADP
fsr-3186	271	3	business	business	NOUN
fsr-3186	271	4	ethics	ethic	NOUN
fsr-3186	271	5	,	,	PUNCT
fsr-3186	271	6	70(1	70(1	NOUN
fsr-3186	271	7	)	)	PUNCT
fsr-3186	271	8	,	,	PUNCT
fsr-3186	271	9	33–37	33–37	NUM
fsr-3186	271	10	.	.	PUNCT
fsr-3186	272	1	alexander	alexander	PROPN
fsr-3186	272	2	,	,	PUNCT
fsr-3186	272	3	g.	g.	PROPN
fsr-3186	272	4	j.	j.	PROPN
fsr-3186	272	5	,	,	PUNCT
fsr-3186	272	6	jones	jones	PROPN
fsr-3186	272	7	,	,	PUNCT
fsr-3186	272	8	j.	j.	PROPN
fsr-3186	272	9	d.	d.	PROPN
fsr-3186	272	10	,	,	PUNCT
fsr-3186	272	11	&	&	CCONJ
fsr-3186	272	12	nigro	nigro	PROPN
fsr-3186	272	13	,	,	PUNCT
fsr-3186	272	14	p.	p.	NOUN
fsr-3186	272	15	j.	j.	PROPN
fsr-3186	273	1	(	(	PUNCT
fsr-3186	273	2	1998	1998	NUM
fsr-3186	273	3	)	)	PUNCT
fsr-3186	273	4	mutual	mutual	ADJ
fsr-3186	273	5	fund	fund	NOUN
fsr-3186	273	6	shareholders	shareholder	NOUN
fsr-3186	273	7	:	:	PUNCT
fsr-3186	273	8	characteristics	characteristic	NOUN
fsr-3186	273	9	,	,	PUNCT
fsr-3186	273	10	investor	investor	NOUN
fsr-3186	273	11	knowledge	knowledge	NOUN
fsr-3186	273	12	,	,	PUNCT
fsr-3186	273	13	and	and	CCONJ
fsr-3186	273	14	sources	source	NOUN
fsr-3186	273	15	of	of	ADP
fsr-3186	273	16	information	information	NOUN
fsr-3186	273	17	.	.	PUNCT
fsr-3186	274	1	financial	financial	ADJ
fsr-3186	274	2	services	service	NOUN
fsr-3186	274	3	review	review	PROPN
fsr-3186	274	4	,	,	PUNCT
fsr-3186	274	5	7	7	NUM
fsr-3186	274	6	,	,	PUNCT
fsr-3186	274	7	301–316	301–316	NUM
fsr-3186	274	8	.	.	PUNCT
fsr-3186	275	1	arditti	arditti	PROPN
fsr-3186	275	2	,	,	PUNCT
fsr-3186	275	3	f.	f.	PROPN
fsr-3186	275	4	(	(	PUNCT
fsr-3186	275	5	1967	1967	NUM
fsr-3186	275	6	)	)	PUNCT
fsr-3186	275	7	.	.	PUNCT
fsr-3186	276	1	risk	risk	NOUN
fsr-3186	276	2	and	and	CCONJ
fsr-3186	276	3	the	the	DET
fsr-3186	276	4	required	require	VERB
fsr-3186	276	5	return	return	NOUN
fsr-3186	276	6	on	on	ADP
fsr-3186	276	7	equity	equity	NOUN
fsr-3186	276	8	.	.	PUNCT
fsr-3186	277	1	journal	journal	PROPN
fsr-3186	277	2	of	of	ADP
fsr-3186	277	3	finance	finance	NOUN
fsr-3186	277	4	,	,	PUNCT
fsr-3186	277	5	22	22	NUM
fsr-3186	277	6	,	,	PUNCT
fsr-3186	277	7	19	19	NUM
fsr-3186	277	8	.	.	PUNCT
fsr-3186	278	1	barber	barber	PROPN
fsr-3186	278	2	,	,	PUNCT
fsr-3186	278	3	b.	b.	PROPN
fsr-3186	278	4	m.	m.	PROPN
fsr-3186	278	5	,	,	PUNCT
fsr-3186	278	6	&	&	CCONJ
fsr-3186	278	7	odean	odean	ADJ
fsr-3186	278	8	t.	t.	PROPN
fsr-3186	278	9	(	(	PUNCT
fsr-3186	278	10	2008	2008	NUM
fsr-3186	278	11	)	)	PUNCT
fsr-3186	278	12	all	all	DET
fsr-3186	278	13	that	that	PRON
fsr-3186	278	14	glitters	glitter	NOUN
fsr-3186	278	15	:	:	PUNCT
fsr-3186	278	16	the	the	DET
fsr-3186	278	17	effect	effect	NOUN
fsr-3186	278	18	of	of	ADP
fsr-3186	278	19	attention	attention	NOUN
fsr-3186	278	20	and	and	CCONJ
fsr-3186	278	21	news	news	NOUN
fsr-3186	278	22	on	on	ADP
fsr-3186	278	23	the	the	DET
fsr-3186	278	24	buying	buying	NOUN
fsr-3186	278	25	behavior	behavior	NOUN
fsr-3186	278	26	of	of	ADP
fsr-3186	278	27	individual	individual	ADJ
fsr-3186	278	28	and	and	CCONJ
fsr-3186	278	29	institutional	institutional	ADJ
fsr-3186	278	30	investors	investor	NOUN
fsr-3186	278	31	.	.	PUNCT
fsr-3186	279	1	review	review	NOUN
fsr-3186	279	2	of	of	ADP
fsr-3186	279	3	financial	financial	ADJ
fsr-3186	279	4	studies	study	NOUN
fsr-3186	279	5	,	,	PUNCT
fsr-3186	279	6	21	21	NUM
fsr-3186	279	7	,	,	PUNCT
fsr-3186	279	8	785–818	785–818	NUM
fsr-3186	279	9	.	.	NOUN
fsr-3186	280	1	74	74	NUM
fsr-3186	281	1	p.	p.	PROPN
fsr-3186	281	2	gibson	gibson	PROPN
fsr-3186	281	3	,	,	PUNCT
fsr-3186	281	4	m.	m.	NOUN
fsr-3186	281	5	finke	finke	PROPN
fsr-3186	281	6	/	/	SYM
fsr-3186	281	7	financial	financial	ADJ
fsr-3186	281	8	services	service	NOUN
fsr-3186	281	9	review	review	VERB
fsr-3186	281	10	23	23	NUM
fsr-3186	281	11	(	(	PUNCT
fsr-3186	281	12	2014	2014	NUM
fsr-3186	281	13	)	)	PUNCT
fsr-3186	282	1	63–75	63–75	NUM
fsr-3186	282	2	barber	barber	PROPN
fsr-3186	282	3	,	,	PUNCT
fsr-3186	282	4	b.	b.	PROPN
fsr-3186	282	5	,	,	PUNCT
fsr-3186	282	6	odean	odean	ADJ
fsr-3186	282	7	,	,	PUNCT
fsr-3186	282	8	t.	t.	PROPN
fsr-3186	282	9	,	,	PUNCT
fsr-3186	282	10	&	&	CCONJ
fsr-3186	282	11	zheng	zheng	PROPN
fsr-3186	282	12	,	,	PUNCT
fsr-3186	282	13	l.	l.	PROPN
fsr-3186	282	14	(	(	PUNCT
fsr-3186	282	15	2000	2000	NUM
fsr-3186	282	16	)	)	PUNCT
fsr-3186	282	17	.	.	PUNCT
fsr-3186	283	1	the	the	DET
fsr-3186	283	2	behavior	behavior	NOUN
fsr-3186	283	3	of	of	ADP
fsr-3186	283	4	mutual	mutual	ADJ
fsr-3186	283	5	fund	fund	NOUN
fsr-3186	283	6	investors	investor	NOUN
fsr-3186	283	7	.	.	PUNCT
fsr-3186	284	1	working	work	VERB
fsr-3186	284	2	paper	paper	NOUN
fsr-3186	284	3	.	.	PUNCT
fsr-3186	285	1	barberis	barberis	PROPN
fsr-3186	285	2	,	,	PUNCT
fsr-3186	285	3	n.	n.	NOUN
fsr-3186	285	4	,	,	PUNCT
fsr-3186	285	5	&	&	CCONJ
fsr-3186	285	6	huang	huang	PROPN
fsr-3186	285	7	,	,	PUNCT
fsr-3186	285	8	m.	m.	NOUN
fsr-3186	285	9	(	(	PUNCT
fsr-3186	285	10	2007	2007	NUM
fsr-3186	285	11	)	)	PUNCT
fsr-3186	285	12	.	.	PUNCT
fsr-3186	286	1	stocks	stock	NOUN
fsr-3186	286	2	as	as	ADP
fsr-3186	286	3	lotteries	lottery	NOUN
fsr-3186	286	4	:	:	PUNCT
fsr-3186	286	5	the	the	DET
fsr-3186	286	6	implications	implication	NOUN
fsr-3186	286	7	of	of	ADP
fsr-3186	286	8	probability	probability	NOUN
fsr-3186	286	9	weighting	weighting	NOUN
fsr-3186	286	10	for	for	ADP
fsr-3186	286	11	security	security	NOUN
fsr-3186	286	12	prices	price	NOUN
fsr-3186	286	13	.	.	PUNCT
fsr-3186	287	1	working	work	VERB
fsr-3186	287	2	paper	paper	NOUN
fsr-3186	287	3	.	.	PUNCT
fsr-3186	288	1	carhart	carhart	NOUN
fsr-3186	288	2	,	,	PUNCT
fsr-3186	288	3	m.	m.	NOUN
fsr-3186	288	4	(	(	PUNCT
fsr-3186	288	5	1997	1997	NUM
fsr-3186	288	6	)	)	PUNCT
fsr-3186	288	7	.	.	PUNCT
fsr-3186	289	1	on	on	ADP
fsr-3186	289	2	the	the	DET
fsr-3186	289	3	persistence	persistence	NOUN
fsr-3186	289	4	of	of	ADP
fsr-3186	289	5	mutual	mutual	ADJ
fsr-3186	289	6	fund	fund	NOUN
fsr-3186	289	7	performance	performance	NOUN
fsr-3186	289	8	.	.	PUNCT
fsr-3186	290	1	journal	journal	PROPN
fsr-3186	290	2	of	of	ADP
fsr-3186	290	3	finance	finance	NOUN
fsr-3186	290	4	,	,	PUNCT
fsr-3186	290	5	52	52	NUM
fsr-3186	290	6	,	,	PUNCT
fsr-3186	290	7	57–82	57–82	NUM
fsr-3186	290	8	.	.	PUNCT
fsr-3186	290	9	chevalier	chevalier	NOUN
fsr-3186	290	10	,	,	PUNCT
fsr-3186	290	11	j.	j.	PROPN
fsr-3186	290	12	,	,	PUNCT
fsr-3186	290	13	&	&	CCONJ
fsr-3186	290	14	ellison	ellison	PROPN
fsr-3186	290	15	,	,	PUNCT
fsr-3186	290	16	g.	g.	PROPN
fsr-3186	290	17	(	(	PUNCT
fsr-3186	290	18	1997	1997	NUM
fsr-3186	290	19	)	)	PUNCT
fsr-3186	290	20	.	.	PUNCT
fsr-3186	291	1	risk	risk	NOUN
fsr-3186	291	2	taking	take	VERB
fsr-3186	291	3	by	by	ADP
fsr-3186	291	4	mutual	mutual	ADJ
fsr-3186	291	5	funds	fund	NOUN
fsr-3186	291	6	as	as	ADP
fsr-3186	291	7	a	a	DET
fsr-3186	291	8	response	response	NOUN
fsr-3186	291	9	to	to	ADP
fsr-3186	291	10	incentives	incentive	NOUN
fsr-3186	291	11	.	.	PUNCT
fsr-3186	292	1	journal	journal	NOUN
fsr-3186	292	2	of	of	ADP
fsr-3186	292	3	political	political	ADJ
fsr-3186	292	4	economy	economy	NOUN
fsr-3186	292	5	,	,	PUNCT
fsr-3186	292	6	105	105	NUM
fsr-3186	292	7	,	,	PUNCT
fsr-3186	292	8	1167–2000	1167–2000	NUM
fsr-3186	292	9	.	.	PUNCT
fsr-3186	293	1	evans	evans	PROPN
fsr-3186	293	2	,	,	PUNCT
fsr-3186	293	3	r.	r.	PROPN
fsr-3186	293	4	(	(	PUNCT
fsr-3186	293	5	2010	2010	NUM
fsr-3186	293	6	)	)	PUNCT
fsr-3186	293	7	mutual	mutual	ADJ
fsr-3186	293	8	fund	fund	NOUN
fsr-3186	293	9	incubation	incubation	NOUN
fsr-3186	293	10	.	.	PUNCT
fsr-3186	294	1	journal	journal	PROPN
fsr-3186	294	2	of	of	ADP
fsr-3186	294	3	finance	finance	NOUN
fsr-3186	294	4	,	,	PUNCT
fsr-3186	294	5	65	65	NUM
fsr-3186	294	6	,	,	PUNCT
fsr-3186	294	7	1581–1611	1581–1611	NUM
fsr-3186	294	8	.	.	PUNCT
fsr-3186	295	1	garavito	garavito	PROPN
fsr-3186	295	2	,	,	PUNCT
fsr-3186	295	3	f.	f.	PROPN
fsr-3186	295	4	(	(	PUNCT
fsr-3186	295	5	2008	2008	NUM
fsr-3186	295	6	)	)	PUNCT
fsr-3186	295	7	.	.	PUNCT
fsr-3186	296	1	mutual	mutual	ADJ
fsr-3186	296	2	fund	fund	NOUN
fsr-3186	296	3	incubation	incubation	NOUN
fsr-3186	296	4	:	:	PUNCT
fsr-3186	296	5	innovation	innovation	NOUN
fsr-3186	296	6	or	or	CCONJ
fsr-3186	296	7	marketing	marketing	NOUN
fsr-3186	296	8	tool	tool	NOUN
fsr-3186	296	9	.	.	PUNCT
fsr-3186	297	1	working	work	VERB
fsr-3186	297	2	paper	paper	NOUN
fsr-3186	297	3	.	.	PUNCT
fsr-3186	298	1	gruber	gruber	PROPN
fsr-3186	298	2	,	,	PUNCT
fsr-3186	298	3	m.	m.	NOUN
fsr-3186	298	4	j.	j.	PROPN
fsr-3186	298	5	(	(	PUNCT
fsr-3186	298	6	1996	1996	NUM
fsr-3186	298	7	)	)	PUNCT
fsr-3186	298	8	.	.	PUNCT
fsr-3186	299	1	another	another	DET
fsr-3186	299	2	puzzle	puzzle	NOUN
fsr-3186	299	3	:	:	PUNCT
fsr-3186	299	4	the	the	DET
fsr-3186	299	5	growth	growth	NOUN
fsr-3186	299	6	in	in	ADP
fsr-3186	299	7	actively	actively	ADV
fsr-3186	299	8	managed	manage	VERB
fsr-3186	299	9	mutual	mutual	ADJ
fsr-3186	299	10	funds	fund	NOUN
fsr-3186	299	11	.	.	PUNCT
fsr-3186	300	1	the	the	DET
fsr-3186	300	2	journal	journal	PROPN
fsr-3186	300	3	of	of	ADP
fsr-3186	300	4	finance	finance	NOUN
fsr-3186	300	5	,	,	PUNCT
fsr-3186	300	6	51	51	NUM
fsr-3186	300	7	,	,	PUNCT
fsr-3186	300	8	783–810	783–810	PROPN
fsr-3186	300	9	.	.	PUNCT
fsr-3186	301	1	harvey	harvey	PROPN
fsr-3186	301	2	,	,	PUNCT
fsr-3186	301	3	c.	c.	PROPN
fsr-3186	301	4	,	,	PUNCT
fsr-3186	301	5	&	&	CCONJ
fsr-3186	301	6	siddique	siddique	PROPN
fsr-3186	301	7	,	,	PUNCT
fsr-3186	301	8	a.	a.	NOUN
fsr-3186	301	9	(	(	PUNCT
fsr-3186	301	10	2000	2000	NUM
fsr-3186	301	11	)	)	PUNCT
fsr-3186	301	12	.	.	PUNCT
fsr-3186	302	1	conditional	conditional	ADJ
fsr-3186	302	2	skewness	skewness	NOUN
fsr-3186	302	3	in	in	ADP
fsr-3186	302	4	asset	asset	NOUN
fsr-3186	302	5	pricing	pricing	NOUN
fsr-3186	302	6	test	test	NOUN
fsr-3186	302	7	.	.	PUNCT
fsr-3186	303	1	journal	journal	PROPN
fsr-3186	303	2	of	of	ADP
fsr-3186	303	3	finance	finance	NOUN
fsr-3186	303	4	,	,	PUNCT
fsr-3186	303	5	55(2	55(2	NUM
fsr-3186	303	6	)	)	PUNCT
fsr-3186	303	7	,	,	PUNCT
fsr-3186	303	8	1263–1295	1263–1295	NUM
fsr-3186	303	9	.	.	PUNCT
fsr-3186	304	1	haslem	haslem	PROPN
fsr-3186	304	2	,	,	PUNCT
fsr-3186	304	3	j.	j.	PROPN
fsr-3186	304	4	,	,	PUNCT
fsr-3186	304	5	baker	baker	PROPN
fsr-3186	304	6	h.	h.	PROPN
fsr-3186	304	7	,	,	PUNCT
fsr-3186	304	8	&	&	CCONJ
fsr-3186	304	9	smith	smith	PROPN
fsr-3186	304	10	d.	d.	PROPN
fsr-3186	304	11	(	(	PUNCT
fsr-3186	304	12	2008	2008	NUM
fsr-3186	304	13	)	)	PUNCT
fsr-3186	304	14	.	.	PUNCT
fsr-3186	305	1	performance	performance	NOUN
fsr-3186	305	2	and	and	CCONJ
fsr-3186	305	3	characteristics	characteristic	NOUN
fsr-3186	305	4	of	of	ADP
fsr-3186	305	5	actively	actively	ADV
fsr-3186	305	6	managed	manage	VERB
fsr-3186	305	7	retail	retail	ADJ
fsr-3186	305	8	equity	equity	NOUN
fsr-3186	305	9	mutual	mutual	ADJ
fsr-3186	305	10	funds	fund	NOUN
fsr-3186	305	11	with	with	ADP
fsr-3186	305	12	diverse	diverse	ADJ
fsr-3186	305	13	expense	expense	NOUN
fsr-3186	305	14	ratios	ratio	NOUN
fsr-3186	305	15	.	.	PUNCT
fsr-3186	306	1	financial	financial	ADJ
fsr-3186	306	2	services	service	NOUN
fsr-3186	306	3	review	review	PROPN
fsr-3186	306	4	,	,	PUNCT
fsr-3186	306	5	17	17	NUM
fsr-3186	306	6	,	,	PUNCT
fsr-3186	306	7	49–68	49–68	NUM
fsr-3186	306	8	.	.	PUNCT
fsr-3186	307	1	jensen	jensen	PROPN
fsr-3186	307	2	,	,	PUNCT
fsr-3186	307	3	m.	m.	NOUN
fsr-3186	307	4	(	(	PUNCT
fsr-3186	307	5	1968	1968	NUM
fsr-3186	307	6	)	)	PUNCT
fsr-3186	307	7	the	the	DET
fsr-3186	307	8	performance	performance	NOUN
fsr-3186	307	9	of	of	ADP
fsr-3186	307	10	mutual	mutual	ADJ
fsr-3186	307	11	funds	fund	NOUN
fsr-3186	307	12	in	in	ADP
fsr-3186	307	13	the	the	DET
fsr-3186	307	14	period	period	NOUN
fsr-3186	307	15	1945–1964	1945–1964	NUM
fsr-3186	307	16	.	.	PUNCT
fsr-3186	308	1	journal	journal	PROPN
fsr-3186	308	2	of	of	ADP
fsr-3186	308	3	finance	finance	NOUN
fsr-3186	308	4	,	,	PUNCT
fsr-3186	308	5	23	23	NUM
fsr-3186	308	6	,	,	PUNCT
fsr-3186	308	7	389–416	389–416	NUM
fsr-3186	308	8	.	.	PUNCT
fsr-3186	309	1	kraus	kraus	PROPN
fsr-3186	309	2	,	,	PUNCT
fsr-3186	309	3	a.	a.	PROPN
fsr-3186	309	4	,	,	PUNCT
fsr-3186	309	5	&	&	CCONJ
fsr-3186	309	6	litzenberger	litzenberger	NOUN
fsr-3186	309	7	,	,	PUNCT
fsr-3186	309	8	r.(1976	r.(1976	PROPN
fsr-3186	309	9	)	)	PUNCT
fsr-3186	309	10	.	.	PUNCT
fsr-3186	310	1	skewness	skewness	NOUN
fsr-3186	310	2	preference	preference	NOUN
fsr-3186	310	3	and	and	CCONJ
fsr-3186	310	4	the	the	DET
fsr-3186	310	5	valuation	valuation	NOUN
fsr-3186	310	6	of	of	ADP
fsr-3186	310	7	risk	risk	NOUN
fsr-3186	310	8	assets	asset	NOUN
fsr-3186	310	9	.	.	PUNCT
fsr-3186	311	1	journal	journal	PROPN
fsr-3186	311	2	of	of	ADP
fsr-3186	311	3	finance	finance	NOUN
fsr-3186	311	4	,	,	PUNCT
fsr-3186	311	5	31	31	NUM
fsr-3186	311	6	,	,	PUNCT
fsr-3186	311	7	1085–1100	1085–1100	NUM
fsr-3186	311	8	.	.	PUNCT
fsr-3186	312	1	kumar	kumar	PROPN
fsr-3186	312	2	,	,	PUNCT
fsr-3186	312	3	a.	a.	PROPN
fsr-3186	312	4	(	(	PUNCT
fsr-3186	312	5	2009	2009	NUM
fsr-3186	312	6	)	)	PUNCT
fsr-3186	312	7	.	.	PUNCT
fsr-3186	313	1	who	who	PRON
fsr-3186	313	2	gambles	gamble	VERB
fsr-3186	313	3	in	in	ADP
fsr-3186	313	4	the	the	DET
fsr-3186	313	5	stock	stock	NOUN
fsr-3186	313	6	market	market	NOUN
fsr-3186	313	7	?	?	PUNCT
fsr-3186	314	1	journal	journal	NOUN
fsr-3186	314	2	of	of	ADP
fsr-3186	314	3	finance	finance	NOUN
fsr-3186	314	4	,	,	PUNCT
fsr-3186	314	5	64	64	NUM
fsr-3186	314	6	,	,	PUNCT
fsr-3186	314	7	0022–0082	0022–0082	PROPN
fsr-3186	314	8	.	.	PUNCT
fsr-3186	315	1	palmitter	palmitter	PROPN
fsr-3186	315	2	,	,	PUNCT
fsr-3186	315	3	a.	a.	PROPN
fsr-3186	315	4	,	,	PUNCT
fsr-3186	315	5	&	&	CCONJ
fsr-3186	315	6	taha	taha	PROPN
fsr-3186	315	7	,	,	PUNCT
fsr-3186	315	8	a.	a.	NOUN
fsr-3186	315	9	(	(	PUNCT
fsr-3186	315	10	2009	2009	NUM
fsr-3186	315	11	)	)	PUNCT
fsr-3186	315	12	.	.	PUNCT
fsr-3186	316	1	star	star	PROPN
fsr-3186	316	2	creation	creation	NOUN
fsr-3186	316	3	:	:	PUNCT
fsr-3186	316	4	the	the	DET
fsr-3186	316	5	incubation	incubation	NOUN
fsr-3186	316	6	of	of	ADP
fsr-3186	316	7	mutual	mutual	ADJ
fsr-3186	316	8	funds	fund	NOUN
fsr-3186	316	9	.	.	PUNCT
fsr-3186	317	1	vanderbilt	vanderbilt	PROPN
fsr-3186	317	2	law	law	PROPN
fsr-3186	317	3	review	review	PROPN
fsr-3186	317	4	,	,	PUNCT
fsr-3186	317	5	62	62	NUM
fsr-3186	317	6	,	,	PUNCT
fsr-3186	317	7	1485–1534	1485–1534	NUM
fsr-3186	317	8	.	.	PUNCT
fsr-3186	318	1	sirri	sirri	PROPN
fsr-3186	318	2	,	,	PUNCT
fsr-3186	318	3	e.	e.	PROPN
fsr-3186	318	4	,	,	PUNCT
fsr-3186	318	5	&	&	CCONJ
fsr-3186	318	6	tufano	tufano	ADJ
fsr-3186	318	7	,	,	PUNCT
fsr-3186	318	8	p.	p.	NOUN
fsr-3186	318	9	(	(	PUNCT
fsr-3186	318	10	1998	1998	NUM
fsr-3186	318	11	)	)	PUNCT
fsr-3186	318	12	.	.	PUNCT
fsr-3186	319	1	costly	costly	ADJ
fsr-3186	319	2	search	search	NOUN
fsr-3186	319	3	and	and	CCONJ
fsr-3186	319	4	mutual	mutual	ADJ
fsr-3186	319	5	funds	fund	NOUN
fsr-3186	319	6	flow	flow	NOUN
fsr-3186	319	7	.	.	PUNCT
fsr-3186	320	1	the	the	DET
fsr-3186	320	2	journal	journal	NOUN
fsr-3186	320	3	of	of	ADP
fsr-3186	320	4	finance	finance	NOUN
fsr-3186	320	5	,	,	PUNCT
fsr-3186	320	6	liii	liii	NOUN
fsr-3186	320	7	,	,	PUNCT
fsr-3186	320	8	1589–1622	1589–1622	NUM
fsr-3186	320	9	.	.	PUNCT
fsr-3186	321	1	tversky	tversky	PROPN
fsr-3186	321	2	,	,	PUNCT
fsr-3186	321	3	a.	a.	PROPN
fsr-3186	321	4	,	,	PUNCT
fsr-3186	321	5	&	&	CCONJ
fsr-3186	321	6	kahneman	kahneman	PROPN
fsr-3186	321	7	,	,	PUNCT
fsr-3186	321	8	d.	d.	PROPN
fsr-3186	321	9	(	(	PUNCT
fsr-3186	321	10	1992	1992	NUM
fsr-3186	321	11	)	)	PUNCT
fsr-3186	321	12	.	.	PUNCT
fsr-3186	322	1	advances	advance	NOUN
fsr-3186	322	2	in	in	ADP
fsr-3186	322	3	prospect	prospect	NOUN
fsr-3186	322	4	theory	theory	NOUN
fsr-3186	322	5	:	:	PUNCT
fsr-3186	322	6	cumulative	cumulative	ADJ
fsr-3186	322	7	representation	representation	NOUN
fsr-3186	322	8	of	of	ADP
fsr-3186	322	9	uncertainty	uncertainty	NOUN
fsr-3186	322	10	.	.	PUNCT
fsr-3186	323	1	journal	journal	NOUN
fsr-3186	323	2	of	of	ADP
fsr-3186	323	3	risk	risk	NOUN
fsr-3186	323	4	and	and	CCONJ
fsr-3186	323	5	uncertainty	uncertainty	NOUN
fsr-3186	323	6	,	,	PUNCT
fsr-3186	323	7	5	5	NUM
fsr-3186	323	8	,	,	PUNCT
fsr-3186	323	9	298–323	298–323	NUM
fsr-3186	323	10	.	.	PUNCT
fsr-3186	324	1	75p	75p	NOUN
fsr-3186	324	2	.	.	X
fsr-3186	325	1	gibson	gibson	PROPN
fsr-3186	325	2	,	,	PUNCT
fsr-3186	325	3	m.	m.	NOUN
fsr-3186	325	4	finke	finke	PROPN
fsr-3186	325	5	/	/	SYM
fsr-3186	325	6	financial	financial	ADJ
fsr-3186	325	7	services	service	NOUN
fsr-3186	325	8	review	review	VERB
fsr-3186	325	9	23	23	NUM
fsr-3186	325	10	(	(	PUNCT
fsr-3186	325	11	2014	2014	NUM
fsr-3186	325	12	)	)	PUNCT
fsr-3186	325	13	63–75	63–75	NUM