id	sid	tid	token	lemma	pos
fsr-3220	1	1	hedged	hedge	VERB
fsr-3220	1	2	etfs	etfs	NOUN
fsr-3220	1	3	:	:	PUNCT
fsr-3220	1	4	do	do	AUX
fsr-3220	1	5	they	they	PRON
fsr-3220	1	6	add	add	VERB
fsr-3220	1	7	value	value	NOUN
fsr-3220	1	8	?	?	PUNCT
fsr-3220	2	1	srinidhi	srinidhi	PROPN
fsr-3220	2	2	kanuria	kanuria	PROPN
fsr-3220	2	3	,	,	PUNCT
fsr-3220	2	4	*	*	PUNCT
fsr-3220	2	5	adepartment	adepartment	NOUN
fsr-3220	2	6	of	of	ADP
fsr-3220	2	7	finance	finance	NOUN
fsr-3220	2	8	real	real	ADJ
fsr-3220	2	9	estate	estate	NOUN
fsr-3220	2	10	and	and	CCONJ
fsr-3220	2	11	business	business	NOUN
fsr-3220	2	12	law	law	NOUN
fsr-3220	2	13	,	,	PUNCT
fsr-3220	2	14	college	college	NOUN
fsr-3220	2	15	of	of	ADP
fsr-3220	2	16	business	business	NOUN
fsr-3220	2	17	,	,	PUNCT
fsr-3220	2	18	the	the	DET
fsr-3220	2	19	university	university	NOUN
fsr-3220	2	20	of	of	ADP
fsr-3220	2	21	southern	southern	PROPN
fsr-3220	2	22	mississippi	mississippi	PROPN
fsr-3220	2	23	,	,	PUNCT
fsr-3220	2	24	scianna	scianna	PROPN
fsr-3220	2	25	hall	hall	PROPN
fsr-3220	2	26	,	,	PUNCT
fsr-3220	2	27	118	118	NUM
fsr-3220	2	28	college	college	NOUN
fsr-3220	2	29	drive	drive	NOUN
fsr-3220	2	30	,	,	PUNCT
fsr-3220	2	31	#	#	SYM
fsr-3220	2	32	5076	5076	NUM
fsr-3220	2	33	,	,	PUNCT
fsr-3220	2	34	hattiesburg	hattiesburg	PROPN
fsr-3220	2	35	,	,	PUNCT
fsr-3220	2	36	ms	ms	PROPN
fsr-3220	2	37	39406	39406	NUM
fsr-3220	2	38	,	,	PUNCT
fsr-3220	2	39	usa	usa	PROPN
fsr-3220	2	40	abstract	abstract	ADJ
fsr-3220	2	41	hedged	hedge	VERB
fsr-3220	2	42	exchange	exchange	NOUN
fsr-3220	2	43	traded	trade	VERB
fsr-3220	2	44	funds	fund	NOUN
fsr-3220	2	45	(	(	PUNCT
fsr-3220	2	46	etfs	etfs	NOUN
fsr-3220	2	47	)	)	PUNCT
fsr-3220	2	48	provide	provide	VERB
fsr-3220	2	49	individual	individual	ADJ
fsr-3220	2	50	investors	investor	NOUN
fsr-3220	2	51	with	with	ADP
fsr-3220	2	52	the	the	DET
fsr-3220	2	53	opportunity	opportunity	NOUN
fsr-3220	2	54	to	to	PART
fsr-3220	2	55	invest	invest	VERB
fsr-3220	2	56	in	in	ADP
fsr-3220	2	57	etfs	etfs	PROPN
fsr-3220	2	58	that	that	PRON
fsr-3220	2	59	follow	follow	VERB
fsr-3220	2	60	strategies	strategy	NOUN
fsr-3220	2	61	similar	similar	ADJ
fsr-3220	2	62	to	to	ADP
fsr-3220	2	63	those	those	PRON
fsr-3220	2	64	of	of	ADP
fsr-3220	2	65	hedge	hedge	NOUN
fsr-3220	2	66	funds	fund	NOUN
fsr-3220	2	67	and	and	CCONJ
fsr-3220	2	68	seek	seek	VERB
fsr-3220	2	69	returns	return	NOUN
fsr-3220	2	70	uncorrelated	uncorrelate	VERB
fsr-3220	2	71	with	with	ADP
fsr-3220	2	72	the	the	DET
fsr-3220	2	73	market	market	NOUN
fsr-3220	2	74	.	.	PUNCT
fsr-3220	3	1	in	in	ADP
fsr-3220	3	2	this	this	DET
fsr-3220	3	3	article	article	NOUN
fsr-3220	3	4	i	i	PRON
fsr-3220	3	5	analyze	analyze	VERB
fsr-3220	3	6	the	the	DET
fsr-3220	3	7	performance	performance	NOUN
fsr-3220	3	8	of	of	ADP
fsr-3220	3	9	six	six	NUM
fsr-3220	3	10	different	different	ADJ
fsr-3220	3	11	categories	category	NOUN
fsr-3220	3	12	of	of	ADP
fsr-3220	3	13	49	49	NUM
fsr-3220	3	14	hedged	hedge	VERB
fsr-3220	3	15	etfs	etfs	NOUN
fsr-3220	3	16	and	and	CCONJ
fsr-3220	3	17	539	539	NUM
fsr-3220	3	18	hedged	hedge	VERB
fsr-3220	3	19	mutual	mutual	ADJ
fsr-3220	3	20	from	from	ADP
fsr-3220	3	21	january	january	PROPN
fsr-3220	3	22	2008	2008	NUM
fsr-3220	3	23	to	to	ADP
fsr-3220	3	24	december	december	PROPN
fsr-3220	3	25	2014	2014	NUM
fsr-3220	3	26	,	,	PUNCT
fsr-3220	3	27	and	and	CCONJ
fsr-3220	3	28	compared	compare	VERB
fsr-3220	3	29	them	they	PRON
fsr-3220	3	30	with	with	ADP
fsr-3220	3	31	five	five	NUM
fsr-3220	3	32	different	different	ADJ
fsr-3220	3	33	asset	asset	NOUN
fsr-3220	3	34	categories	category	NOUN
fsr-3220	3	35	of	of	ADP
fsr-3220	3	36	index	index	NOUN
fsr-3220	3	37	etfs	etfs	PROPN
fsr-3220	3	38	.	.	PUNCT
fsr-3220	4	1	hedged	hedge	VERB
fsr-3220	4	2	etfs	etfs	NOUN
fsr-3220	4	3	and	and	CCONJ
fsr-3220	4	4	mutual	mutual	ADJ
fsr-3220	4	5	funds	fund	NOUN
fsr-3220	4	6	had	have	VERB
fsr-3220	4	7	highly	highly	ADV
fsr-3220	4	8	negative	negative	ADJ
fsr-3220	4	9	or	or	CCONJ
fsr-3220	4	10	low	low	ADJ
fsr-3220	4	11	correlation	correlation	NOUN
fsr-3220	4	12	with	with	ADP
fsr-3220	4	13	other	other	ADJ
fsr-3220	4	14	index	index	NOUN
fsr-3220	4	15	etfs	etfs	NOUN
fsr-3220	4	16	which	which	PRON
fsr-3220	4	17	indicates	indicate	VERB
fsr-3220	4	18	that	that	SCONJ
fsr-3220	4	19	they	they	PRON
fsr-3220	4	20	did	do	AUX
fsr-3220	4	21	help	help	VERB
fsr-3220	4	22	investors	investor	NOUN
fsr-3220	4	23	diversify	diversify	VERB
fsr-3220	4	24	.	.	PUNCT
fsr-3220	5	1	hedged	hedge	VERB
fsr-3220	5	2	etfs	etfs	NOUN
fsr-3220	5	3	also	also	ADV
fsr-3220	5	4	had	have	VERB
fsr-3220	5	5	much	much	ADV
fsr-3220	5	6	lower	low	ADJ
fsr-3220	5	7	risk	risk	NOUN
fsr-3220	5	8	compared	compare	VERB
fsr-3220	5	9	with	with	ADP
fsr-3220	5	10	other	other	ADJ
fsr-3220	5	11	index	index	NOUN
fsr-3220	5	12	etfs	etfs	NOUN
fsr-3220	5	13	with	with	ADP
fsr-3220	5	14	the	the	DET
fsr-3220	5	15	exception	exception	NOUN
fsr-3220	5	16	of	of	ADP
fsr-3220	5	17	bond	bond	NOUN
fsr-3220	5	18	market	market	NOUN
fsr-3220	5	19	etf	etf	PROPN
fsr-3220	5	20	agg	agg	PROPN
fsr-3220	5	21	.	.	PUNCT
fsr-3220	6	1	however	however	ADV
fsr-3220	6	2	,	,	PUNCT
fsr-3220	6	3	this	this	PRON
fsr-3220	6	4	did	do	AUX
fsr-3220	6	5	not	not	PART
fsr-3220	6	6	translate	translate	VERB
fsr-3220	6	7	into	into	ADP
fsr-3220	6	8	superior	superior	ADJ
fsr-3220	6	9	absolute	absolute	ADJ
fsr-3220	6	10	or	or	CCONJ
fsr-3220	6	11	risk	risk	NOUN
fsr-3220	6	12	-	-	PUNCT
fsr-3220	6	13	adjusted	adjust	VERB
fsr-3220	6	14	performance	performance	NOUN
fsr-3220	6	15	,	,	PUNCT
fsr-3220	6	16	and	and	CCONJ
fsr-3220	6	17	hedged	hedge	VERB
fsr-3220	6	18	etfs	etfs	NOUN
fsr-3220	6	19	underperformed	underperform	VERB
fsr-3220	6	20	all	all	DET
fsr-3220	6	21	other	other	ADJ
fsr-3220	6	22	asset	asset	NOUN
fsr-3220	6	23	categories	category	NOUN
fsr-3220	6	24	(	(	PUNCT
fsr-3220	6	25	with	with	ADP
fsr-3220	6	26	the	the	DET
fsr-3220	6	27	exception	exception	NOUN
fsr-3220	6	28	of	of	ADP
fsr-3220	6	29	commodities	commodity	NOUN
fsr-3220	6	30	etf	etf	NOUN
fsr-3220	6	31	dbc	dbc	PROPN
fsr-3220	6	32	)	)	PUNCT
fsr-3220	6	33	.	.	PUNCT
fsr-3220	7	1	the	the	DET
fsr-3220	7	2	absoluteand	absoluteand	NOUN
fsr-3220	7	3	risk	risk	NOUN
fsr-3220	7	4	-	-	PUNCT
fsr-3220	7	5	adjusted	adjust	VERB
fsr-3220	7	6	performance	performance	NOUN
fsr-3220	7	7	of	of	ADP
fsr-3220	7	8	hedged	hedge	VERB
fsr-3220	7	9	mutual	mutual	ADJ
fsr-3220	7	10	funds	fund	NOUN
fsr-3220	7	11	was	be	AUX
fsr-3220	7	12	similar	similar	ADJ
fsr-3220	7	13	to	to	ADP
fsr-3220	7	14	that	that	PRON
fsr-3220	7	15	of	of	ADP
fsr-3220	7	16	hedged	hedge	VERB
fsr-3220	7	17	etfs	etfs	NOUN
fsr-3220	7	18	.	.	PUNCT
fsr-3220	8	1	based	base	VERB
fsr-3220	8	2	on	on	ADP
fsr-3220	8	3	these	these	DET
fsr-3220	8	4	findings	finding	NOUN
fsr-3220	8	5	investors	investor	NOUN
fsr-3220	8	6	would	would	AUX
fsr-3220	8	7	have	have	AUX
fsr-3220	8	8	been	be	AUX
fsr-3220	8	9	better	well	ADJ
fsr-3220	8	10	off	off	ADP
fsr-3220	8	11	with	with	ADP
fsr-3220	8	12	index	index	NOUN
fsr-3220	8	13	fund	fund	NOUN
fsr-3220	8	14	etfs	etfs	PROPN
fsr-3220	8	15	.	.	PUNCT
fsr-3220	9	1	©	©	PROPN
fsr-3220	9	2	2016	2016	NUM
fsr-3220	9	3	academy	academy	NOUN
fsr-3220	9	4	of	of	ADP
fsr-3220	9	5	financial	financial	ADJ
fsr-3220	9	6	services	service	NOUN
fsr-3220	9	7	.	.	PUNCT
fsr-3220	10	1	all	all	DET
fsr-3220	10	2	rights	right	NOUN
fsr-3220	10	3	reserved	reserve	VERB
fsr-3220	10	4	.	.	PUNCT
fsr-3220	11	1	keywords	keyword	NOUN
fsr-3220	11	2	:	:	PUNCT
fsr-3220	11	3	hedge	hedge	NOUN
fsr-3220	11	4	funds	fund	NOUN
fsr-3220	11	5	;	;	PUNCT
fsr-3220	11	6	investments	investment	NOUN
fsr-3220	11	7	;	;	PUNCT
fsr-3220	11	8	exchange	exchange	NOUN
fsr-3220	11	9	traded	trade	VERB
fsr-3220	11	10	funds	fund	NOUN
fsr-3220	11	11	(	(	PUNCT
fsr-3220	11	12	etfs	etfs	PROPN
fsr-3220	11	13	)	)	PUNCT
fsr-3220	11	14	;	;	PUNCT
fsr-3220	11	15	index	index	NOUN
fsr-3220	11	16	fund	fund	NOUN
fsr-3220	11	17	etfs	etfs	PROPN
fsr-3220	11	18	1	1	NUM
fsr-3220	11	19	.	.	PUNCT
fsr-3220	12	1	introduction	introduction	NOUN
fsr-3220	12	2	hedged	hedge	VERB
fsr-3220	12	3	exchange	exchange	NOUN
fsr-3220	12	4	traded	trade	VERB
fsr-3220	12	5	funds	fund	NOUN
fsr-3220	12	6	(	(	PUNCT
fsr-3220	12	7	etfs	etfs	PROPN
fsr-3220	12	8	)	)	PUNCT
fsr-3220	12	9	are	be	AUX
fsr-3220	12	10	relatively	relatively	ADV
fsr-3220	12	11	new	new	ADJ
fsr-3220	12	12	entrants	entrant	NOUN
fsr-3220	12	13	into	into	ADP
fsr-3220	12	14	the	the	DET
fsr-3220	12	15	etf	etf	NOUN
fsr-3220	12	16	industry	industry	NOUN
fsr-3220	12	17	.	.	PUNCT
fsr-3220	13	1	these	these	DET
fsr-3220	13	2	etfs	etfs	PROPN
fsr-3220	13	3	follow	follow	VERB
fsr-3220	13	4	investment	investment	NOUN
fsr-3220	13	5	strategies	strategy	NOUN
fsr-3220	13	6	similar	similar	ADJ
fsr-3220	13	7	to	to	ADP
fsr-3220	13	8	those	those	PRON
fsr-3220	13	9	of	of	ADP
fsr-3220	13	10	hedge	hedge	NOUN
fsr-3220	13	11	funds	fund	NOUN
fsr-3220	13	12	and	and	CCONJ
fsr-3220	13	13	are	be	AUX
fsr-3220	13	14	attractive	attractive	ADJ
fsr-3220	13	15	to	to	ADP
fsr-3220	13	16	individual	individual	ADJ
fsr-3220	13	17	investors	investor	NOUN
fsr-3220	13	18	who	who	PRON
fsr-3220	13	19	are	be	AUX
fsr-3220	13	20	often	often	ADV
fsr-3220	13	21	unable	unable	ADJ
fsr-3220	13	22	to	to	PART
fsr-3220	13	23	invest	invest	VERB
fsr-3220	13	24	in	in	ADP
fsr-3220	13	25	hedge	hedge	NOUN
fsr-3220	13	26	funds	fund	NOUN
fsr-3220	13	27	because	because	SCONJ
fsr-3220	13	28	of	of	ADP
fsr-3220	13	29	high	high	ADJ
fsr-3220	13	30	initial	initial	ADJ
fsr-3220	13	31	investment	investment	NOUN
fsr-3220	13	32	requirements	requirement	NOUN
fsr-3220	13	33	and	and	CCONJ
fsr-3220	13	34	longer	long	ADJ
fsr-3220	13	35	lock	lock	VERB
fsr-3220	13	36	-	-	PUNCT
fsr-3220	13	37	up	up	ADP
fsr-3220	13	38	periods	period	NOUN
fsr-3220	13	39	.	.	PUNCT
fsr-3220	14	1	these	these	DET
fsr-3220	14	2	hedged	hedge	VERB
fsr-3220	14	3	etfs	etfs	PROPN
fsr-3220	14	4	offer	offer	NOUN
fsr-3220	14	5	hedge	hedge	NOUN
fsr-3220	14	6	-	-	PUNCT
fsr-3220	14	7	fundlike	fundlike	NOUN
fsr-3220	14	8	strategies	strategy	NOUN
fsr-3220	14	9	for	for	ADP
fsr-3220	14	10	a	a	DET
fsr-3220	14	11	fraction	fraction	NOUN
fsr-3220	14	12	of	of	ADP
fsr-3220	14	13	the	the	DET
fsr-3220	14	14	cost	cost	NOUN
fsr-3220	14	15	,	,	PUNCT
fsr-3220	14	16	and	and	CCONJ
fsr-3220	14	17	zero	zero	NUM
fsr-3220	14	18	restrictions	restriction	NOUN
fsr-3220	14	19	around	around	ADP
fsr-3220	14	20	getting	get	VERB
fsr-3220	14	21	into	into	ADP
fsr-3220	14	22	or	or	CCONJ
fsr-3220	14	23	out	out	ADP
fsr-3220	14	24	of	of	ADP
fsr-3220	14	25	these	these	DET
fsr-3220	14	26	funds	fund	NOUN
fsr-3220	14	27	.	.	PUNCT
fsr-3220	15	1	these	these	DET
fsr-3220	15	2	etfs	etfs	PROPN
fsr-3220	15	3	normally	normally	ADV
fsr-3220	15	4	have	have	VERB
fsr-3220	15	5	a	a	DET
fsr-3220	15	6	goal	goal	NOUN
fsr-3220	15	7	of	of	ADP
fsr-3220	15	8	providing	provide	VERB
fsr-3220	15	9	individual	individual	ADJ
fsr-3220	15	10	investors	investor	NOUN
fsr-3220	15	11	with	with	ADP
fsr-3220	15	12	access	access	NOUN
fsr-3220	15	13	*	*	PUNCT
fsr-3220	15	14	corresponding	correspond	VERB
fsr-3220	15	15	author	author	NOUN
fsr-3220	15	16	.	.	PUNCT
fsr-3220	16	1	tel	tel	PROPN
fsr-3220	16	2	.	.	PUNCT
fsr-3220	16	3	:	:	PUNCT
fsr-3220	17	1	�	�	PROPN
fsr-3220	17	2	1	1	NUM
fsr-3220	17	3	-	-	SYM
fsr-3220	17	4	601	601	NUM
fsr-3220	17	5	-	-	PUNCT
fsr-3220	17	6	266	266	NUM
fsr-3220	17	7	-	-	PUNCT
fsr-3220	17	8	4809	4809	NUM
fsr-3220	17	9	;	;	PUNCT
fsr-3220	17	10	fax	fax	NOUN
fsr-3220	17	11	:	:	PUNCT
fsr-3220	17	12	�	�	PROPN
fsr-3220	17	13	1	1	NUM
fsr-3220	17	14	-	-	SYM
fsr-3220	17	15	601	601	NUM
fsr-3220	17	16	-	-	PUNCT
fsr-3220	17	17	266	266	NUM
fsr-3220	17	18	-	-	PUNCT
fsr-3220	17	19	6110	6110	NUM
fsr-3220	17	20	.	.	PUNCT
fsr-3220	18	1	e	e	X
fsr-3220	18	2	-	-	NOUN
fsr-3220	18	3	mail	mail	NOUN
fsr-3220	18	4	address	address	NOUN
fsr-3220	18	5	:	:	PUNCT
fsr-3220	18	6	srinidhi.kanuri@usm.edu	srinidhi.kanuri@usm.edu	PROPN
fsr-3220	18	7	financial	financial	ADJ
fsr-3220	18	8	services	service	NOUN
fsr-3220	18	9	review	review	VERB
fsr-3220	18	10	25	25	NUM
fsr-3220	18	11	(	(	PUNCT
fsr-3220	18	12	2016	2016	NUM
fsr-3220	18	13	)	)	PUNCT
fsr-3220	18	14	181–198	181–198	NUM
fsr-3220	18	15	1057	1057	NUM
fsr-3220	18	16	-	-	PUNCT
fsr-3220	18	17	0810/16/$	0810/16/$	ADV
fsr-3220	18	18	–	–	PUNCT
fsr-3220	18	19	see	see	VERB
fsr-3220	18	20	front	front	ADJ
fsr-3220	18	21	matter	matter	NOUN
fsr-3220	18	22	©	©	PROPN
fsr-3220	18	23	2016	2016	NUM
fsr-3220	18	24	academy	academy	NOUN
fsr-3220	18	25	of	of	ADP
fsr-3220	18	26	financial	financial	ADJ
fsr-3220	18	27	services	service	NOUN
fsr-3220	18	28	.	.	PUNCT
fsr-3220	19	1	all	all	DET
fsr-3220	19	2	rights	right	NOUN
fsr-3220	19	3	reserved	reserve	VERB
fsr-3220	19	4	.	.	PUNCT
fsr-3220	20	1	to	to	ADP
fsr-3220	20	2	investment	investment	NOUN
fsr-3220	20	3	strategies	strategy	NOUN
fsr-3220	20	4	that	that	PRON
fsr-3220	20	5	offer	offer	VERB
fsr-3220	20	6	non	non	ADJ
fsr-3220	20	7	-	-	ADJ
fsr-3220	20	8	correlated	correlate	VERB
fsr-3220	20	9	returns	return	NOUN
fsr-3220	20	10	and	and	CCONJ
fsr-3220	20	11	diversification	diversification	NOUN
fsr-3220	20	12	benefits	benefit	NOUN
fsr-3220	20	13	.	.	PUNCT
fsr-3220	21	1	this	this	DET
fsr-3220	21	2	goal	goal	NOUN
fsr-3220	21	3	of	of	ADP
fsr-3220	21	4	hedged	hedge	VERB
fsr-3220	21	5	etfs	etfs	NOUN
fsr-3220	21	6	is	be	AUX
fsr-3220	21	7	in	in	ADP
fsr-3220	21	8	contrast	contrast	NOUN
fsr-3220	21	9	with	with	ADP
fsr-3220	21	10	traditional	traditional	ADJ
fsr-3220	21	11	or	or	CCONJ
fsr-3220	21	12	long	long	ADJ
fsr-3220	21	13	only	only	ADJ
fsr-3220	21	14	etfs	etfs	NOUN
fsr-3220	21	15	that	that	PRON
fsr-3220	21	16	try	try	VERB
fsr-3220	21	17	to	to	PART
fsr-3220	21	18	replicate	replicate	VERB
fsr-3220	21	19	a	a	DET
fsr-3220	21	20	benchmark	benchmark	NOUN
fsr-3220	21	21	such	such	ADJ
fsr-3220	21	22	as	as	ADP
fsr-3220	21	23	s&p	s&p	PROPN
fsr-3220	21	24	500	500	NUM
fsr-3220	21	25	or	or	CCONJ
fsr-3220	21	26	russell	russell	PROPN
fsr-3220	21	27	3000	3000	NUM
fsr-3220	21	28	.	.	PUNCT
fsr-3220	22	1	there	there	PRON
fsr-3220	22	2	are	be	VERB
fsr-3220	22	3	a	a	DET
fsr-3220	22	4	number	number	NOUN
fsr-3220	22	5	of	of	ADP
fsr-3220	22	6	ways	way	NOUN
fsr-3220	22	7	etf	etf	NOUN
fsr-3220	22	8	can	can	AUX
fsr-3220	22	9	act	act	VERB
fsr-3220	22	10	or	or	CCONJ
fsr-3220	22	11	replicate	replicate	VERB
fsr-3220	22	12	hedge	hedge	NOUN
fsr-3220	22	13	fund	fund	NOUN
fsr-3220	22	14	returns.1	returns.1	PROPN
fsr-3220	22	15	the	the	DET
fsr-3220	22	16	different	different	ADJ
fsr-3220	22	17	methods	method	NOUN
fsr-3220	22	18	are	be	AUX
fsr-3220	22	19	direct	direct	ADJ
fsr-3220	22	20	approach	approach	NOUN
fsr-3220	22	21	,	,	PUNCT
fsr-3220	22	22	hedge	hedge	NOUN
fsr-3220	22	23	fund	fund	NOUN
fsr-3220	22	24	replication	replication	NOUN
fsr-3220	22	25	,	,	PUNCT
fsr-3220	22	26	and	and	CCONJ
fsr-3220	22	27	copycat	copycat	NOUN
fsr-3220	22	28	(	(	PUNCT
fsr-3220	22	29	see	see	VERB
fsr-3220	22	30	appendix	appendix	NOUN
fsr-3220	22	31	b	b	NOUN
fsr-3220	22	32	for	for	ADP
fsr-3220	22	33	a	a	DET
fsr-3220	22	34	brief	brief	ADJ
fsr-3220	22	35	description	description	NOUN
fsr-3220	22	36	of	of	ADP
fsr-3220	22	37	these	these	DET
fsr-3220	22	38	three	three	NUM
fsr-3220	22	39	different	different	ADJ
fsr-3220	22	40	methods	method	NOUN
fsr-3220	22	41	)	)	PUNCT
fsr-3220	22	42	.	.	PUNCT
fsr-3220	23	1	2	2	X
fsr-3220	23	2	.	.	X
fsr-3220	23	3	motivation	motivation	NOUN
fsr-3220	23	4	this	this	DET
fsr-3220	23	5	article	article	NOUN
fsr-3220	23	6	looks	look	VERB
fsr-3220	23	7	at	at	ADP
fsr-3220	23	8	the	the	DET
fsr-3220	23	9	merits	merit	NOUN
fsr-3220	23	10	of	of	ADP
fsr-3220	23	11	holding	hold	VERB
fsr-3220	23	12	hedged	hedge	VERB
fsr-3220	23	13	etfs	etfs	NOUN
fsr-3220	23	14	versus	versus	ADP
fsr-3220	23	15	holding	hold	VERB
fsr-3220	23	16	different	different	ADJ
fsr-3220	23	17	(	(	PUNCT
fsr-3220	23	18	asset	asset	NOUN
fsr-3220	23	19	)	)	PUNCT
fsr-3220	23	20	categories	category	NOUN
fsr-3220	23	21	of	of	ADP
fsr-3220	23	22	index	index	NOUN
fsr-3220	23	23	etfs	etfs	PROPN
fsr-3220	23	24	.	.	PUNCT
fsr-3220	24	1	there	there	PRON
fsr-3220	24	2	has	have	AUX
fsr-3220	24	3	been	be	AUX
fsr-3220	24	4	a	a	DET
fsr-3220	24	5	significant	significant	ADJ
fsr-3220	24	6	increase	increase	NOUN
fsr-3220	24	7	in	in	ADP
fsr-3220	24	8	the	the	DET
fsr-3220	24	9	number	number	NOUN
fsr-3220	24	10	of	of	ADP
fsr-3220	24	11	hedged	hedge	VERB
fsr-3220	24	12	etfs	etfs	NOUN
fsr-3220	24	13	.	.	PUNCT
fsr-3220	25	1	lot	lot	NOUN
fsr-3220	25	2	of	of	ADP
fsr-3220	25	3	retail	retail	ADJ
fsr-3220	25	4	and	and	CCONJ
fsr-3220	25	5	institutional	institutional	ADJ
fsr-3220	25	6	investors	investor	NOUN
fsr-3220	25	7	are	be	AUX
fsr-3220	25	8	increasingly	increasingly	ADV
fsr-3220	25	9	drawn	draw	VERB
fsr-3220	25	10	to	to	ADP
fsr-3220	25	11	etfs	etfs	NOUN
fsr-3220	25	12	that	that	PRON
fsr-3220	25	13	aim	aim	VERB
fsr-3220	25	14	to	to	PART
fsr-3220	25	15	mimic	mimic	VERB
fsr-3220	25	16	hedge	hedge	NOUN
fsr-3220	25	17	-	-	PUNCT
fsr-3220	25	18	fund	fund	NOUN
fsr-3220	25	19	strategies	strategy	NOUN
fsr-3220	25	20	.	.	PUNCT
fsr-3220	26	1	as	as	ADP
fsr-3220	26	2	of	of	ADP
fsr-3220	26	3	december	december	PROPN
fsr-3220	26	4	2014	2014	NUM
fsr-3220	26	5	,	,	PUNCT
fsr-3220	26	6	there	there	PRON
fsr-3220	26	7	were	be	VERB
fsr-3220	26	8	34	34	NUM
fsr-3220	26	9	live	live	ADJ
fsr-3220	26	10	and	and	CCONJ
fsr-3220	26	11	15	15	NUM
fsr-3220	26	12	dead	dead	ADJ
fsr-3220	26	13	hedged	hedge	VERB
fsr-3220	26	14	etfs	etfs	NOUN
fsr-3220	26	15	.	.	PUNCT
fsr-3220	27	1	the	the	DET
fsr-3220	27	2	assets	asset	NOUN
fsr-3220	27	3	under	under	ADP
fsr-3220	27	4	management	management	NOUN
fsr-3220	27	5	(	(	PUNCT
fsr-3220	27	6	aum	aum	NOUN
fsr-3220	27	7	)	)	PUNCT
fsr-3220	27	8	under	under	ADP
fsr-3220	27	9	the	the	DET
fsr-3220	27	10	surviving	survive	VERB
fsr-3220	27	11	hedged	hedge	VERB
fsr-3220	27	12	etfs	etfs	NOUN
fsr-3220	27	13	as	as	ADP
fsr-3220	27	14	of	of	ADP
fsr-3220	27	15	december	december	PROPN
fsr-3220	27	16	2014	2014	NUM
fsr-3220	27	17	were	be	AUX
fsr-3220	27	18	$	$	SYM
fsr-3220	27	19	3.42	3.42	NUM
fsr-3220	27	20	billion	billion	NUM
fsr-3220	27	21	.	.	PUNCT
fsr-3220	28	1	with	with	ADP
fsr-3220	28	2	the	the	DET
fsr-3220	28	3	increase	increase	NOUN
fsr-3220	28	4	in	in	ADP
fsr-3220	28	5	the	the	DET
fsr-3220	28	6	number	number	NOUN
fsr-3220	28	7	of	of	ADP
fsr-3220	28	8	funds	fund	NOUN
fsr-3220	28	9	and	and	CCONJ
fsr-3220	28	10	the	the	DET
fsr-3220	28	11	growth	growth	NOUN
fsr-3220	28	12	in	in	ADP
fsr-3220	28	13	assets	asset	NOUN
fsr-3220	28	14	under	under	ADP
fsr-3220	28	15	management	management	NOUN
fsr-3220	28	16	it	it	PRON
fsr-3220	28	17	is	be	AUX
fsr-3220	28	18	obvious	obvious	ADJ
fsr-3220	28	19	that	that	SCONJ
fsr-3220	28	20	investors	investor	NOUN
fsr-3220	28	21	thought	think	VERB
fsr-3220	28	22	that	that	SCONJ
fsr-3220	28	23	hedged	hedge	VERB
fsr-3220	28	24	etfs	etfs	NOUN
fsr-3220	28	25	would	would	AUX
fsr-3220	28	26	provide	provide	VERB
fsr-3220	28	27	higher	high	ADJ
fsr-3220	28	28	risk	risk	NOUN
fsr-3220	28	29	adjusted	adjust	VERB
fsr-3220	28	30	returns	return	NOUN
fsr-3220	28	31	or	or	CCONJ
fsr-3220	28	32	benefits	benefit	NOUN
fsr-3220	28	33	from	from	ADP
fsr-3220	28	34	diversification	diversification	NOUN
fsr-3220	28	35	.	.	PUNCT
fsr-3220	29	1	3	3	X
fsr-3220	29	2	.	.	X
fsr-3220	29	3	literature	literature	NOUN
fsr-3220	29	4	this	this	PRON
fsr-3220	29	5	is	be	AUX
fsr-3220	29	6	the	the	DET
fsr-3220	29	7	first	first	ADJ
fsr-3220	29	8	article	article	NOUN
fsr-3220	29	9	that	that	PRON
fsr-3220	29	10	looks	look	VERB
fsr-3220	29	11	at	at	ADP
fsr-3220	29	12	the	the	DET
fsr-3220	29	13	characteristics	characteristic	NOUN
fsr-3220	29	14	and	and	CCONJ
fsr-3220	29	15	performance	performance	NOUN
fsr-3220	29	16	of	of	ADP
fsr-3220	29	17	hedged	hedge	VERB
fsr-3220	29	18	etfs	etfs	NOUN
fsr-3220	29	19	as	as	ADP
fsr-3220	29	20	an	an	DET
fsr-3220	29	21	asset	asset	NOUN
fsr-3220	29	22	class	class	NOUN
fsr-3220	29	23	.	.	PUNCT
fsr-3220	30	1	previous	previous	ADJ
fsr-3220	30	2	literature	literature	NOUN
fsr-3220	30	3	has	have	AUX
fsr-3220	30	4	only	only	ADV
fsr-3220	30	5	looked	look	VERB
fsr-3220	30	6	at	at	ADP
fsr-3220	30	7	hedge	hedge	NOUN
fsr-3220	30	8	funds	fund	NOUN
fsr-3220	30	9	or	or	CCONJ
fsr-3220	30	10	alternative	alternative	ADJ
fsr-3220	30	11	or	or	CCONJ
fsr-3220	30	12	hedged	hedge	VERB
fsr-3220	30	13	mutual	mutual	ADJ
fsr-3220	30	14	funds	fund	NOUN
fsr-3220	30	15	(	(	PUNCT
fsr-3220	30	16	amfs	amfs	PROPN
fsr-3220	30	17	)	)	PUNCT
fsr-3220	30	18	.	.	PUNCT
fsr-3220	31	1	although	although	SCONJ
fsr-3220	31	2	amfs	amfs	NOUN
fsr-3220	31	3	are	be	AUX
fsr-3220	31	4	relatively	relatively	ADV
fsr-3220	31	5	new	new	ADJ
fsr-3220	31	6	,	,	PUNCT
fsr-3220	31	7	there	there	PRON
fsr-3220	31	8	has	have	AUX
fsr-3220	31	9	been	be	AUX
fsr-3220	31	10	some	some	DET
fsr-3220	31	11	research	research	NOUN
fsr-3220	31	12	in	in	ADP
fsr-3220	31	13	this	this	DET
fsr-3220	31	14	field	field	NOUN
fsr-3220	31	15	.	.	PUNCT
fsr-3220	32	1	koski	koski	PROPN
fsr-3220	32	2	and	and	CCONJ
fsr-3220	32	3	pontiff	pontiff	ADJ
fsr-3220	32	4	(	(	PUNCT
fsr-3220	32	5	1999	1999	NUM
fsr-3220	32	6	)	)	PUNCT
fsr-3220	32	7	and	and	CCONJ
fsr-3220	32	8	deli	deli	NOUN
fsr-3220	32	9	and	and	CCONJ
fsr-3220	32	10	varma	varma	PROPN
fsr-3220	32	11	(	(	PUNCT
fsr-3220	32	12	2002	2002	NUM
fsr-3220	32	13	)	)	PUNCT
fsr-3220	32	14	find	find	VERB
fsr-3220	32	15	that	that	SCONJ
fsr-3220	32	16	the	the	DET
fsr-3220	32	17	flexibility	flexibility	NOUN
fsr-3220	32	18	to	to	PART
fsr-3220	32	19	use	use	VERB
fsr-3220	32	20	derivatives	derivative	NOUN
fsr-3220	32	21	,	,	PUNCT
fsr-3220	32	22	sell	sell	VERB
fsr-3220	32	23	securities	security	NOUN
fsr-3220	32	24	short	short	ADJ
fsr-3220	32	25	,	,	PUNCT
fsr-3220	32	26	and	and	CCONJ
fsr-3220	32	27	borrow	borrow	VERB
fsr-3220	32	28	money	money	NOUN
fsr-3220	32	29	to	to	PART
fsr-3220	32	30	create	create	VERB
fsr-3220	32	31	leverage	leverage	NOUN
fsr-3220	32	32	help	help	VERB
fsr-3220	32	33	managers	manager	NOUN
fsr-3220	32	34	to	to	PART
fsr-3220	32	35	control	control	VERB
fsr-3220	32	36	expenses	expense	NOUN
fsr-3220	32	37	,	,	PUNCT
fsr-3220	32	38	risk	risk	NOUN
fsr-3220	32	39	,	,	PUNCT
fsr-3220	32	40	and	and	CCONJ
fsr-3220	32	41	manage	manage	VERB
fsr-3220	32	42	cash	cash	NOUN
fsr-3220	32	43	flows	flow	NOUN
fsr-3220	32	44	more	more	ADV
fsr-3220	32	45	efficiently	efficiently	ADV
fsr-3220	32	46	that	that	PRON
fsr-3220	32	47	makes	make	VERB
fsr-3220	32	48	the	the	DET
fsr-3220	32	49	amfs	amfs	NOUN
fsr-3220	32	50	appear	appear	VERB
fsr-3220	32	51	to	to	PART
fsr-3220	32	52	be	be	AUX
fsr-3220	32	53	an	an	DET
fsr-3220	32	54	attractive	attractive	ADJ
fsr-3220	32	55	alternative	alternative	NOUN
fsr-3220	32	56	to	to	ADP
fsr-3220	32	57	standard	standard	ADJ
fsr-3220	32	58	mutual	mutual	ADJ
fsr-3220	32	59	funds	fund	NOUN
fsr-3220	32	60	and	and	CCONJ
fsr-3220	32	61	subject	subject	NOUN
fsr-3220	32	62	to	to	ADP
fsr-3220	32	63	analysis	analysis	NOUN
fsr-3220	32	64	.	.	PUNCT
fsr-3220	33	1	agarwal	agarwal	PROPN
fsr-3220	33	2	et	et	PROPN
fsr-3220	33	3	al	al	PROPN
fsr-3220	33	4	.	.	PROPN
fsr-3220	33	5	,	,	PUNCT
fsr-3220	33	6	(	(	PUNCT
fsr-3220	33	7	2009	2009	NUM
fsr-3220	33	8	)	)	PUNCT
fsr-3220	33	9	were	be	AUX
fsr-3220	33	10	the	the	DET
fsr-3220	33	11	first	first	ADJ
fsr-3220	33	12	to	to	PART
fsr-3220	33	13	look	look	VERB
fsr-3220	33	14	at	at	ADP
fsr-3220	33	15	the	the	DET
fsr-3220	33	16	performance	performance	NOUN
fsr-3220	33	17	of	of	ADP
fsr-3220	33	18	52	52	NUM
fsr-3220	33	19	hedged	hedge	VERB
fsr-3220	33	20	mutual	mutual	ADJ
fsr-3220	33	21	funds	fund	NOUN
fsr-3220	33	22	over	over	ADP
fsr-3220	33	23	the	the	DET
fsr-3220	33	24	period	period	NOUN
fsr-3220	33	25	1994–2004	1994–2004	NUM
fsr-3220	33	26	.	.	PUNCT
fsr-3220	34	1	they	they	PRON
fsr-3220	34	2	form	form	VERB
fsr-3220	34	3	a	a	DET
fsr-3220	34	4	single	single	ADJ
fsr-3220	34	5	portfolio	portfolio	NOUN
fsr-3220	34	6	of	of	ADP
fsr-3220	34	7	six	six	NUM
fsr-3220	34	8	different	different	ADJ
fsr-3220	34	9	categories	category	NOUN
fsr-3220	34	10	of	of	ADP
fsr-3220	34	11	52	52	NUM
fsr-3220	34	12	hedged	hedge	VERB
fsr-3220	34	13	mutual	mutual	ADJ
fsr-3220	34	14	funds	fund	NOUN
fsr-3220	34	15	from	from	ADP
fsr-3220	34	16	1994	1994	NUM
fsr-3220	34	17	to	to	ADP
fsr-3220	34	18	2004	2004	NUM
fsr-3220	34	19	and	and	CCONJ
fsr-3220	34	20	compare	compare	VERB
fsr-3220	34	21	them	they	PRON
fsr-3220	34	22	to	to	ADP
fsr-3220	34	23	traditional	traditional	ADJ
fsr-3220	34	24	mutual	mutual	ADJ
fsr-3220	34	25	funds	fund	NOUN
fsr-3220	34	26	and	and	CCONJ
fsr-3220	34	27	hedge	hedge	NOUN
fsr-3220	34	28	funds	fund	NOUN
fsr-3220	34	29	.	.	PUNCT
fsr-3220	35	1	they	they	PRON
fsr-3220	35	2	find	find	VERB
fsr-3220	35	3	that	that	SCONJ
fsr-3220	35	4	these	these	DET
fsr-3220	35	5	hedged	hedge	VERB
fsr-3220	35	6	mutual	mutual	ADJ
fsr-3220	35	7	funds	fund	NOUN
fsr-3220	35	8	outperform	outperform	VERB
fsr-3220	35	9	traditional	traditional	ADJ
fsr-3220	35	10	mutual	mutual	ADJ
fsr-3220	35	11	funds	fund	NOUN
fsr-3220	35	12	,	,	PUNCT
fsr-3220	35	13	but	but	CCONJ
fsr-3220	35	14	underperform	underperform	NOUN
fsr-3220	35	15	similar	similar	ADJ
fsr-3220	35	16	hedge	hedge	NOUN
fsr-3220	35	17	funds	fund	NOUN
fsr-3220	35	18	.	.	PUNCT
fsr-3220	36	1	kanuri	kanuri	PROPN
fsr-3220	36	2	and	and	CCONJ
fsr-3220	36	3	mcleod	mcleod	PROPN
fsr-3220	36	4	(	(	PUNCT
fsr-3220	36	5	2014	2014	NUM
fsr-3220	36	6	)	)	PUNCT
fsr-3220	36	7	conduct	conduct	VERB
fsr-3220	36	8	a	a	DET
fsr-3220	36	9	similar	similar	ADJ
fsr-3220	36	10	study	study	NOUN
fsr-3220	36	11	of	of	ADP
fsr-3220	36	12	256	256	NUM
fsr-3220	36	13	amfs	amfs	NOUN
fsr-3220	36	14	period	period	NOUN
fsr-3220	36	15	january	january	PROPN
fsr-3220	36	16	1998	1998	NUM
fsr-3220	36	17	through	through	ADP
fsr-3220	36	18	december	december	PROPN
fsr-3220	36	19	2011using	2011use	VERB
fsr-3220	36	20	the	the	DET
fsr-3220	36	21	carhart	carhart	NOUN
fsr-3220	36	22	four	four	NUM
fsr-3220	36	23	-	-	PUNCT
fsr-3220	36	24	factor	factor	NOUN
fsr-3220	36	25	model	model	NOUN
fsr-3220	36	26	and	and	CCONJ
fsr-3220	36	27	the	the	DET
fsr-3220	36	28	fung	fung	PROPN
fsr-3220	36	29	-	-	PUNCT
fsr-3220	36	30	hsieh	hsieh	PROPN
fsr-3220	36	31	seven	seven	NUM
fsr-3220	36	32	-	-	PUNCT
fsr-3220	36	33	factor	factor	NOUN
fsr-3220	36	34	model	model	NOUN
fsr-3220	36	35	.	.	PUNCT
fsr-3220	37	1	their	their	PRON
fsr-3220	37	2	results	result	NOUN
fsr-3220	37	3	indicate	indicate	VERB
fsr-3220	37	4	that	that	SCONJ
fsr-3220	37	5	most	most	ADJ
fsr-3220	37	6	amfs	amfs	NOUN
fsr-3220	37	7	have	have	AUX
fsr-3220	37	8	not	not	PART
fsr-3220	37	9	been	be	AUX
fsr-3220	37	10	able	able	ADJ
fsr-3220	37	11	to	to	PART
fsr-3220	37	12	create	create	VERB
fsr-3220	37	13	any	any	DET
fsr-3220	37	14	value	value	NOUN
fsr-3220	37	15	for	for	ADP
fsr-3220	37	16	their	their	PRON
fsr-3220	37	17	investors	investor	NOUN
fsr-3220	37	18	over	over	ADP
fsr-3220	37	19	this	this	DET
fsr-3220	37	20	period	period	NOUN
fsr-3220	37	21	.	.	PUNCT
fsr-3220	38	1	furthermore	furthermore	ADV
fsr-3220	38	2	,	,	PUNCT
fsr-3220	38	3	the	the	DET
fsr-3220	38	4	performance	performance	NOUN
fsr-3220	38	5	of	of	ADP
fsr-3220	38	6	these	these	DET
fsr-3220	38	7	mutual	mutual	ADJ
fsr-3220	38	8	funds	fund	NOUN
fsr-3220	38	9	was	be	AUX
fsr-3220	38	10	even	even	ADV
fsr-3220	38	11	worse	bad	ADJ
fsr-3220	38	12	during	during	ADP
fsr-3220	38	13	the	the	DET
fsr-3220	38	14	recent	recent	ADJ
fsr-3220	38	15	financial	financial	ADJ
fsr-3220	38	16	crisis	crisis	NOUN
fsr-3220	38	17	(	(	PUNCT
fsr-3220	38	18	october	october	PROPN
fsr-3220	38	19	2007	2007	NUM
fsr-3220	38	20	through	through	ADP
fsr-3220	38	21	march	march	PROPN
fsr-3220	38	22	2009	2009	NUM
fsr-3220	38	23	)	)	PUNCT
fsr-3220	38	24	.	.	PUNCT
fsr-3220	39	1	this	this	DET
fsr-3220	39	2	article	article	NOUN
fsr-3220	39	3	looks	look	VERB
fsr-3220	39	4	at	at	ADP
fsr-3220	39	5	the	the	DET
fsr-3220	39	6	performance	performance	NOUN
fsr-3220	39	7	of	of	ADP
fsr-3220	39	8	surviving	survive	VERB
fsr-3220	39	9	as	as	ADV
fsr-3220	39	10	well	well	ADV
fsr-3220	39	11	as	as	ADP
fsr-3220	39	12	dead	dead	ADJ
fsr-3220	39	13	hedged	hedge	VERB
fsr-3220	39	14	etfs	etfs	NOUN
fsr-3220	39	15	since	since	SCONJ
fsr-3220	39	16	their	their	PRON
fsr-3220	39	17	inception	inception	NOUN
fsr-3220	39	18	and	and	CCONJ
fsr-3220	39	19	compare	compare	VERB
fsr-3220	39	20	them	they	PRON
fsr-3220	39	21	to	to	ADP
fsr-3220	39	22	u.s	u.s	PROPN
fsr-3220	39	23	.	.	PROPN
fsr-3220	39	24	stock	stock	NOUN
fsr-3220	39	25	market	market	NOUN
fsr-3220	39	26	(	(	PUNCT
fsr-3220	39	27	ivv	ivv	PROPN
fsr-3220	39	28	)	)	PUNCT
fsr-3220	39	29	,	,	PUNCT
fsr-3220	39	30	aggregate	aggregate	ADJ
fsr-3220	39	31	bond	bond	NOUN
fsr-3220	39	32	market	market	NOUN
fsr-3220	39	33	(	(	PUNCT
fsr-3220	39	34	agg	agg	PROPN
fsr-3220	39	35	)	)	PUNCT
fsr-3220	39	36	,	,	PUNCT
fsr-3220	39	37	total	total	ADJ
fsr-3220	39	38	world	world	NOUN
fsr-3220	39	39	ex	ex	PROPN
fsr-3220	39	40	u.s	u.s	PROPN
fsr-3220	39	41	.	.	PROPN
fsr-3220	39	42	(	(	PUNCT
fsr-3220	39	43	veu	veu	PROPN
fsr-3220	39	44	)	)	PUNCT
fsr-3220	39	45	,	,	PUNCT
fsr-3220	39	46	real	real	ADJ
fsr-3220	39	47	estate	estate	NOUN
fsr-3220	39	48	market	market	NOUN
fsr-3220	39	49	(	(	PUNCT
fsr-3220	39	50	iyr	iyr	NOUN
fsr-3220	39	51	)	)	PUNCT
fsr-3220	39	52	,	,	PUNCT
fsr-3220	39	53	and	and	CCONJ
fsr-3220	39	54	commodities	commodity	NOUN
fsr-3220	39	55	market	market	NOUN
fsr-3220	39	56	(	(	PUNCT
fsr-3220	39	57	dbc	dbc	PROPN
fsr-3220	39	58	)	)	PUNCT
fsr-3220	39	59	.	.	PUNCT
fsr-3220	40	1	we	we	PRON
fsr-3220	40	2	compare	compare	VERB
fsr-3220	40	3	the	the	DET
fsr-3220	40	4	performance	performance	NOUN
fsr-3220	40	5	of	of	ADP
fsr-3220	40	6	hedged	hedge	VERB
fsr-3220	40	7	etfs	etfs	NOUN
fsr-3220	40	8	to	to	ADP
fsr-3220	40	9	different	different	ADJ
fsr-3220	40	10	index	index	NOUN
fsr-3220	40	11	etfs	etfs	NOUN
fsr-3220	40	12	for	for	ADP
fsr-3220	40	13	an	an	DET
fsr-3220	40	14	equal	equal	ADJ
fsr-3220	40	15	comparison	comparison	NOUN
fsr-3220	40	16	or	or	CCONJ
fsr-3220	40	17	compare	compare	VERB
fsr-3220	40	18	performance	performance	NOUN
fsr-3220	40	19	after	after	ADP
fsr-3220	40	20	expenses	expense	NOUN
fsr-3220	40	21	.	.	PUNCT
fsr-3220	41	1	elton	elton	PROPN
fsr-3220	41	2	,	,	PUNCT
fsr-3220	41	3	gruber	gruber	PROPN
fsr-3220	41	4	,	,	PUNCT
fsr-3220	41	5	and	and	CCONJ
fsr-3220	41	6	blake	blake	NOUN
fsr-3220	41	7	(	(	PUNCT
fsr-3220	41	8	1996	1996	NUM
fsr-3220	41	9	)	)	PUNCT
fsr-3220	41	10	find	find	VERB
fsr-3220	41	11	that	that	SCONJ
fsr-3220	41	12	previous	previous	ADJ
fsr-3220	41	13	182	182	NUM
fsr-3220	41	14	s.	s.	PROPN
fsr-3220	41	15	kanuri	kanuri	PROPN
fsr-3220	41	16	/	/	SYM
fsr-3220	41	17	financial	financial	ADJ
fsr-3220	41	18	services	service	NOUN
fsr-3220	41	19	review	review	VERB
fsr-3220	41	20	25	25	NUM
fsr-3220	41	21	(	(	PUNCT
fsr-3220	41	22	2016	2016	NUM
fsr-3220	41	23	)	)	PUNCT
fsr-3220	41	24	181–198	181–198	NUM
fsr-3220	41	25	mutual	mutual	ADJ
fsr-3220	41	26	fund	fund	NOUN
fsr-3220	41	27	studies	study	NOUN
fsr-3220	41	28	suffered	suffer	VERB
fsr-3220	41	29	from	from	ADP
fsr-3220	41	30	survivorship	survivorship	NOUN
fsr-3220	41	31	bias	bias	NOUN
fsr-3220	41	32	as	as	ADP
fsr-3220	41	33	funds	fund	NOUN
fsr-3220	41	34	that	that	PRON
fsr-3220	41	35	merge	merge	VERB
fsr-3220	41	36	or	or	CCONJ
fsr-3220	41	37	die	die	VERB
fsr-3220	41	38	have	have	VERB
fsr-3220	41	39	worse	bad	ADJ
fsr-3220	41	40	performance	performance	NOUN
fsr-3220	41	41	than	than	ADP
fsr-3220	41	42	funds	fund	NOUN
fsr-3220	41	43	that	that	PRON
fsr-3220	41	44	do	do	VERB
fsr-3220	41	45	not	not	PART
fsr-3220	41	46	and	and	CCONJ
fsr-3220	41	47	failing	fail	VERB
fsr-3220	41	48	to	to	PART
fsr-3220	41	49	account	account	VERB
fsr-3220	41	50	for	for	ADP
fsr-3220	41	51	survivorship	survivorship	NOUN
fsr-3220	41	52	bias	bias	NOUN
fsr-3220	41	53	will	will	AUX
fsr-3220	41	54	lead	lead	VERB
fsr-3220	41	55	to	to	ADP
fsr-3220	41	56	higher	high	ADJ
fsr-3220	41	57	risk	risk	NOUN
fsr-3220	41	58	-	-	PUNCT
fsr-3220	41	59	adjusted	adjust	VERB
fsr-3220	41	60	returns	return	NOUN
fsr-3220	41	61	for	for	ADP
fsr-3220	41	62	mutual	mutual	ADJ
fsr-3220	41	63	funds	fund	NOUN
fsr-3220	41	64	.	.	PUNCT
fsr-3220	42	1	excluding	exclude	VERB
fsr-3220	42	2	dead	dead	ADJ
fsr-3220	42	3	etfs	etfs	NOUN
fsr-3220	42	4	can	can	AUX
fsr-3220	42	5	lead	lead	VERB
fsr-3220	42	6	to	to	ADP
fsr-3220	42	7	similar	similar	ADJ
fsr-3220	42	8	problems	problem	NOUN
fsr-3220	42	9	.	.	PUNCT
fsr-3220	43	1	therefore	therefore	ADV
fsr-3220	43	2	,	,	PUNCT
fsr-3220	43	3	dead	dead	ADJ
fsr-3220	43	4	etfs	etfs	NOUN
fsr-3220	43	5	were	be	AUX
fsr-3220	43	6	included	include	VERB
fsr-3220	43	7	in	in	ADP
fsr-3220	43	8	the	the	DET
fsr-3220	43	9	analysis	analysis	NOUN
fsr-3220	43	10	to	to	PART
fsr-3220	43	11	control	control	VERB
fsr-3220	43	12	for	for	ADP
fsr-3220	43	13	survivorship	survivorship	NOUN
fsr-3220	43	14	bias	bias	NOUN
fsr-3220	43	15	.	.	PUNCT
fsr-3220	44	1	following	follow	VERB
fsr-3220	44	2	agarwal	agarwal	PROPN
fsr-3220	44	3	et	et	PROPN
fsr-3220	44	4	al	al	PROPN
fsr-3220	44	5	.	.	PROPN
fsr-3220	44	6	,	,	PUNCT
fsr-3220	44	7	(	(	PUNCT
fsr-3220	44	8	2009	2009	NUM
fsr-3220	44	9	)	)	PUNCT
fsr-3220	44	10	,	,	PUNCT
fsr-3220	44	11	a	a	DET
fsr-3220	44	12	single	single	ADJ
fsr-3220	44	13	portfolio	portfolio	NOUN
fsr-3220	44	14	of	of	ADP
fsr-3220	44	15	all	all	DET
fsr-3220	44	16	hedged	hedge	VERB
fsr-3220	44	17	etfs	etfs	NOUN
fsr-3220	44	18	(	(	PUNCT
fsr-3220	44	19	surviving	survive	VERB
fsr-3220	44	20	and	and	CCONJ
fsr-3220	44	21	dead	dead	ADJ
fsr-3220	44	22	)	)	PUNCT
fsr-3220	44	23	is	be	AUX
fsr-3220	44	24	formed	form	VERB
fsr-3220	44	25	from	from	ADP
fsr-3220	44	26	january	january	PROPN
fsr-3220	44	27	2008	2008	NUM
fsr-3220	44	28	through	through	ADP
fsr-3220	44	29	december	december	PROPN
fsr-3220	44	30	2014	2014	NUM
fsr-3220	44	31	.	.	PUNCT
fsr-3220	45	1	4	4	X
fsr-3220	45	2	.	.	X
fsr-3220	45	3	hypothesis	hypothesis	NOUN
fsr-3220	45	4	in	in	ADP
fsr-3220	45	5	this	this	DET
fsr-3220	45	6	article	article	NOUN
fsr-3220	45	7	i	i	PRON
fsr-3220	45	8	am	be	AUX
fsr-3220	45	9	interested	interested	ADJ
fsr-3220	45	10	in	in	ADP
fsr-3220	45	11	determining	determine	VERB
fsr-3220	45	12	whether	whether	SCONJ
fsr-3220	45	13	or	or	CCONJ
fsr-3220	45	14	not	not	PART
fsr-3220	45	15	hedged	hedge	VERB
fsr-3220	45	16	etfs	etfs	NOUN
fsr-3220	45	17	can	can	AUX
fsr-3220	45	18	provide	provide	VERB
fsr-3220	45	19	benefits	benefit	NOUN
fsr-3220	45	20	to	to	ADP
fsr-3220	45	21	individual	individual	ADJ
fsr-3220	45	22	investor	investor	NOUN
fsr-3220	45	23	through	through	ADP
fsr-3220	45	24	their	their	PRON
fsr-3220	45	25	promise	promise	NOUN
fsr-3220	45	26	of	of	ADP
fsr-3220	45	27	delivering	deliver	VERB
fsr-3220	45	28	returns	return	NOUN
fsr-3220	45	29	that	that	PRON
fsr-3220	45	30	are	be	AUX
fsr-3220	45	31	uncorrelated	uncorrelate	VERB
fsr-3220	45	32	with	with	ADP
fsr-3220	45	33	the	the	DET
fsr-3220	45	34	market	market	NOUN
fsr-3220	45	35	.	.	PUNCT
fsr-3220	46	1	do	do	AUX
fsr-3220	46	2	hypothesis	hypothesis	NOUN
fsr-3220	46	3	1	1	NUM
fsr-3220	46	4	:	:	PUNCT
fsr-3220	46	5	hedged	hedge	VERB
fsr-3220	46	6	etfs	etfs	NOUN
fsr-3220	46	7	have	have	VERB
fsr-3220	46	8	more	more	ADJ
fsr-3220	46	9	flexibility	flexibility	NOUN
fsr-3220	46	10	than	than	ADP
fsr-3220	46	11	long	long	ADV
fsr-3220	46	12	-	-	PUNCT
fsr-3220	46	13	only	only	ADV
fsr-3220	46	14	etfs	etfs	NOUN
fsr-3220	46	15	(	(	PUNCT
fsr-3220	46	16	which	which	PRON
fsr-3220	46	17	try	try	VERB
fsr-3220	46	18	to	to	PART
fsr-3220	46	19	which	which	PRON
fsr-3220	46	20	try	try	VERB
fsr-3220	46	21	to	to	PART
fsr-3220	46	22	mimic	mimic	VERB
fsr-3220	46	23	a	a	DET
fsr-3220	46	24	benchmark	benchmark	NOUN
fsr-3220	46	25	such	such	ADJ
fsr-3220	46	26	as	as	ADP
fsr-3220	46	27	s&p	s&p	PROPN
fsr-3220	46	28	500	500	NUM
fsr-3220	46	29	or	or	CCONJ
fsr-3220	46	30	russell	russell	PROPN
fsr-3220	46	31	3000	3000	NUM
fsr-3220	46	32	)	)	PUNCT
fsr-3220	46	33	.	.	PUNCT
fsr-3220	47	1	they	they	PRON
fsr-3220	47	2	can	can	AUX
fsr-3220	47	3	take	take	VERB
fsr-3220	47	4	long	long	ADJ
fsr-3220	47	5	(	(	PUNCT
fsr-3220	47	6	short	short	ADJ
fsr-3220	47	7	)	)	PUNCT
fsr-3220	47	8	positions	position	NOUN
fsr-3220	47	9	in	in	ADP
fsr-3220	47	10	undervalued	undervalue	VERB
fsr-3220	47	11	(	(	PUNCT
fsr-3220	47	12	overvalued	overvalued	ADJ
fsr-3220	47	13	)	)	PUNCT
fsr-3220	47	14	securities	security	NOUN
fsr-3220	47	15	.	.	PUNCT
fsr-3220	48	1	additionally	additionally	ADV
fsr-3220	48	2	,	,	PUNCT
fsr-3220	48	3	they	they	PRON
fsr-3220	48	4	can	can	AUX
fsr-3220	48	5	use	use	VERB
fsr-3220	48	6	derivatives	derivative	NOUN
fsr-3220	48	7	(	(	PUNCT
fsr-3220	48	8	including	include	VERB
fsr-3220	48	9	forwards	forward	NOUN
fsr-3220	48	10	,	,	PUNCT
fsr-3220	48	11	options	option	NOUN
fsr-3220	48	12	,	,	PUNCT
fsr-3220	48	13	or	or	CCONJ
fsr-3220	48	14	swaps	swap	NOUN
fsr-3220	48	15	)	)	PUNCT
fsr-3220	48	16	to	to	PART
fsr-3220	48	17	seek	seek	VERB
fsr-3220	48	18	absolute	absolute	ADJ
fsr-3220	48	19	returns	return	NOUN
fsr-3220	48	20	that	that	PRON
fsr-3220	48	21	is	be	AUX
fsr-3220	48	22	,	,	PUNCT
fsr-3220	48	23	positive	positive	ADJ
fsr-3220	48	24	returns	return	NOUN
fsr-3220	48	25	in	in	ADP
fsr-3220	48	26	all	all	DET
fsr-3220	48	27	market	market	NOUN
fsr-3220	48	28	conditions	condition	NOUN
fsr-3220	48	29	.	.	PUNCT
fsr-3220	49	1	therefore	therefore	ADV
fsr-3220	49	2	,	,	PUNCT
fsr-3220	49	3	they	they	PRON
fsr-3220	49	4	should	should	AUX
fsr-3220	49	5	have	have	VERB
fsr-3220	49	6	lower	low	ADJ
fsr-3220	49	7	correlation	correlation	NOUN
fsr-3220	49	8	and	and	CCONJ
fsr-3220	49	9	better	well	ADJ
fsr-3220	49	10	absoluteand	absoluteand	VERB
fsr-3220	49	11	risk	risk	NOUN
fsr-3220	49	12	-	-	PUNCT
fsr-3220	49	13	adjusted	adjust	VERB
fsr-3220	49	14	performance	performance	NOUN
fsr-3220	49	15	compared	compare	VERB
fsr-3220	49	16	to	to	ADP
fsr-3220	49	17	traditional	traditional	ADJ
fsr-3220	49	18	benchmark	benchmark	ADJ
fsr-3220	49	19	etfs	etfs	NOUN
fsr-3220	49	20	.	.	PUNCT
fsr-3220	50	1	hypothesis	hypothesis	NOUN
fsr-3220	50	2	2	2	NUM
fsr-3220	50	3	:	:	PUNCT
fsr-3220	50	4	because	because	SCONJ
fsr-3220	50	5	of	of	ADP
fsr-3220	50	6	the	the	DET
fsr-3220	50	7	reasons	reason	NOUN
fsr-3220	50	8	mentioned	mention	VERB
fsr-3220	50	9	in	in	ADP
fsr-3220	50	10	hypothesis	hypothesis	NOUN
fsr-3220	50	11	1	1	NUM
fsr-3220	50	12	,	,	PUNCT
fsr-3220	50	13	hedged	hedge	VERB
fsr-3220	50	14	etfs	etfs	NOUN
fsr-3220	50	15	should	should	AUX
fsr-3220	50	16	help	help	VERB
fsr-3220	50	17	investors	investor	NOUN
fsr-3220	50	18	diversify	diversify	VERB
fsr-3220	50	19	,	,	PUNCT
fsr-3220	50	20	and	and	CCONJ
fsr-3220	50	21	have	have	VERB
fsr-3220	50	22	low	low	ADJ
fsr-3220	50	23	correlation	correlation	NOUN
fsr-3220	50	24	with	with	ADP
fsr-3220	50	25	other	other	ADJ
fsr-3220	50	26	asset	asset	NOUN
fsr-3220	50	27	categories	category	NOUN
fsr-3220	50	28	.	.	PUNCT
fsr-3220	51	1	5	5	X
fsr-3220	51	2	.	.	X
fsr-3220	51	3	data	datum	NOUN
fsr-3220	51	4	and	and	CCONJ
fsr-3220	51	5	methodology	methodology	NOUN
fsr-3220	51	6	the	the	DET
fsr-3220	51	7	list	list	NOUN
fsr-3220	51	8	of	of	ADP
fsr-3220	51	9	hedged	hedge	VERB
fsr-3220	51	10	etfs	etfs	NOUN
fsr-3220	51	11	has	have	AUX
fsr-3220	51	12	been	be	AUX
fsr-3220	51	13	taken	take	VERB
fsr-3220	51	14	morningstar	morningstar	PROPN
fsr-3220	51	15	direct	direct	ADJ
fsr-3220	51	16	database	database	NOUN
fsr-3220	51	17	.	.	PUNCT
fsr-3220	52	1	hedged	hedge	VERB
fsr-3220	52	2	etfs	etfs	PROPN
fsr-3220	52	3	were	be	AUX
fsr-3220	52	4	first	first	ADV
fsr-3220	52	5	created	create	VERB
fsr-3220	52	6	in	in	ADP
fsr-3220	52	7	late	late	ADJ
fsr-3220	52	8	2007	2007	NUM
fsr-3220	52	9	.	.	PUNCT
fsr-3220	53	1	appendix	appendix	VERB
fsr-3220	53	2	a	a	DET
fsr-3220	53	3	shows	show	NOUN
fsr-3220	53	4	the	the	DET
fsr-3220	53	5	different	different	ADJ
fsr-3220	53	6	categories	category	NOUN
fsr-3220	53	7	of	of	ADP
fsr-3220	53	8	hedged	hedge	VERB
fsr-3220	53	9	etfs	etfs	NOUN
fsr-3220	53	10	.	.	PUNCT
fsr-3220	54	1	therefore	therefore	ADV
fsr-3220	54	2	,	,	PUNCT
fsr-3220	54	3	for	for	ADP
fsr-3220	54	4	an	an	DET
fsr-3220	54	5	equal	equal	ADJ
fsr-3220	54	6	comparison	comparison	NOUN
fsr-3220	54	7	,	,	PUNCT
fsr-3220	54	8	equally	equally	ADV
fsr-3220	54	9	weighted	weight	VERB
fsr-3220	54	10	portfolios	portfolio	NOUN
fsr-3220	54	11	for	for	ADP
fsr-3220	54	12	hedged	hedge	VERB
fsr-3220	54	13	etfs	etfs	NOUN
fsr-3220	54	14	have	have	AUX
fsr-3220	54	15	been	be	AUX
fsr-3220	54	16	formed	form	VERB
fsr-3220	54	17	monthly	monthly	ADV
fsr-3220	54	18	from	from	ADP
fsr-3220	54	19	january	january	PROPN
fsr-3220	54	20	2008	2008	NUM
fsr-3220	54	21	through	through	ADP
fsr-3220	54	22	december	december	PROPN
fsr-3220	54	23	2014	2014	NUM
fsr-3220	54	24	.	.	PUNCT
fsr-3220	55	1	there	there	PRON
fsr-3220	55	2	are	be	VERB
fsr-3220	55	3	total	total	NOUN
fsr-3220	55	4	of	of	ADP
fsr-3220	55	5	34	34	NUM
fsr-3220	55	6	live	live	ADJ
fsr-3220	55	7	and	and	CCONJ
fsr-3220	55	8	15	15	NUM
fsr-3220	55	9	dead	dead	ADJ
fsr-3220	55	10	hedged	hedge	VERB
fsr-3220	55	11	etfs	etfs	NOUN
fsr-3220	55	12	at	at	ADP
fsr-3220	55	13	the	the	DET
fsr-3220	55	14	end	end	NOUN
fsr-3220	55	15	of	of	ADP
fsr-3220	55	16	december	december	PROPN
fsr-3220	55	17	2014	2014	NUM
fsr-3220	55	18	.	.	PUNCT
fsr-3220	56	1	we	we	PRON
fsr-3220	56	2	include	include	VERB
fsr-3220	56	3	all	all	DET
fsr-3220	56	4	surviving	survive	VERB
fsr-3220	56	5	hedged	hedge	VERB
fsr-3220	56	6	etfs	etfs	NOUN
fsr-3220	56	7	in	in	ADP
fsr-3220	56	8	the	the	DET
fsr-3220	56	9	analysis	analysis	NOUN
fsr-3220	56	10	that	that	PRON
fsr-3220	56	11	have	have	VERB
fsr-3220	56	12	at	at	ADV
fsr-3220	56	13	least	least	ADV
fsr-3220	56	14	12	12	NUM
fsr-3220	56	15	months	month	NOUN
fsr-3220	56	16	of	of	ADP
fsr-3220	56	17	returns	return	NOUN
fsr-3220	56	18	as	as	ADP
fsr-3220	56	19	of	of	ADP
fsr-3220	56	20	december	december	PROPN
fsr-3220	56	21	2014	2014	NUM
fsr-3220	56	22	.	.	PUNCT
fsr-3220	57	1	we	we	PRON
fsr-3220	57	2	also	also	ADV
fsr-3220	57	3	compare	compare	VERB
fsr-3220	57	4	the	the	DET
fsr-3220	57	5	performance	performance	NOUN
fsr-3220	57	6	of	of	ADP
fsr-3220	57	7	hedged	hedge	VERB
fsr-3220	57	8	etfs	etfs	NOUN
fsr-3220	57	9	to	to	ADP
fsr-3220	57	10	the	the	DET
fsr-3220	57	11	u.s	u.s	PROPN
fsr-3220	57	12	.	.	PROPN
fsr-3220	57	13	stock	stock	NOUN
fsr-3220	57	14	market	market	NOUN
fsr-3220	57	15	that	that	PRON
fsr-3220	57	16	is	be	AUX
fsr-3220	57	17	,	,	PUNCT
fsr-3220	57	18	s&p	s&p	PROPN
fsr-3220	57	19	500	500	NUM
fsr-3220	57	20	etf	etf	NOUN
fsr-3220	57	21	(	(	PUNCT
fsr-3220	57	22	ivv	ivv	PROPN
fsr-3220	57	23	)	)	PUNCT
fsr-3220	57	24	,	,	PUNCT
fsr-3220	57	25	foreign	foreign	ADJ
fsr-3220	57	26	stock	stock	NOUN
fsr-3220	57	27	market	market	NOUN
fsr-3220	57	28	etf	etf	NOUN
fsr-3220	57	29	that	that	PRON
fsr-3220	57	30	is	be	AUX
fsr-3220	57	31	,	,	PUNCT
fsr-3220	57	32	ftse	ftse	VERB
fsr-3220	57	33	all	all	DET
fsr-3220	57	34	world	world	NOUN
fsr-3220	58	1	ex	ex	X
fsr-3220	58	2	u.s	u.s	PROPN
fsr-3220	58	3	.	.	PROPN
fsr-3220	58	4	(	(	PUNCT
fsr-3220	58	5	veu	veu	PROPN
fsr-3220	58	6	)	)	PUNCT
fsr-3220	58	7	,	,	PUNCT
fsr-3220	58	8	barclays	barclay	NOUN
fsr-3220	58	9	aggregate	aggregate	ADJ
fsr-3220	58	10	market	market	NOUN
fsr-3220	58	11	etf	etf	NOUN
fsr-3220	58	12	(	(	PUNCT
fsr-3220	58	13	agg	agg	PROPN
fsr-3220	58	14	)	)	PUNCT
fsr-3220	58	15	,	,	PUNCT
fsr-3220	58	16	u.s	u.s	PROPN
fsr-3220	58	17	.	.	PROPN
fsr-3220	58	18	real	real	ADJ
fsr-3220	58	19	estate	estate	NOUN
fsr-3220	58	20	etf	etf	NOUN
fsr-3220	58	21	(	(	PUNCT
fsr-3220	58	22	iyr	iyr	NOUN
fsr-3220	58	23	)	)	PUNCT
fsr-3220	58	24	,	,	PUNCT
fsr-3220	58	25	and	and	CCONJ
fsr-3220	58	26	commodity	commodity	NOUN
fsr-3220	58	27	etf	etf	NOUN
fsr-3220	58	28	that	that	PRON
fsr-3220	58	29	is	be	AUX
fsr-3220	58	30	,	,	PUNCT
fsr-3220	58	31	powershares	powershare	NOUN
fsr-3220	58	32	db	db	VERB
fsr-3220	58	33	commodity	commodity	NOUN
fsr-3220	58	34	tracking	track	VERB
fsr-3220	58	35	etf	etf	NOUN
fsr-3220	58	36	(	(	PUNCT
fsr-3220	58	37	dbc	dbc	PROPN
fsr-3220	58	38	)	)	PUNCT
fsr-3220	58	39	.	.	PUNCT
fsr-3220	59	1	we	we	PRON
fsr-3220	59	2	also	also	ADV
fsr-3220	59	3	form	form	VERB
fsr-3220	59	4	two	two	NUM
fsr-3220	59	5	different	different	ADJ
fsr-3220	59	6	portfolios	portfolio	NOUN
fsr-3220	59	7	:	:	PUNCT
fsr-3220	59	8	1	1	NUM
fsr-3220	59	9	.	.	X
fsr-3220	59	10	65	65	NUM
fsr-3220	59	11	%	%	NOUN
fsr-3220	59	12	u.s	u.s	PROPN
fsr-3220	59	13	.	.	PROPN
fsr-3220	59	14	stock	stock	NOUN
fsr-3220	59	15	market	market	NOUN
fsr-3220	59	16	(	(	PUNCT
fsr-3220	59	17	ivv)/35	ivv)/35	NOUN
fsr-3220	59	18	%	%	NOUN
fsr-3220	59	19	bond	bond	NOUN
fsr-3220	59	20	market	market	NOUN
fsr-3220	59	21	(	(	PUNCT
fsr-3220	59	22	agg	agg	PROPN
fsr-3220	59	23	)	)	PUNCT
fsr-3220	59	24	–	–	PUNCT
fsr-3220	59	25	following	follow	VERB
fsr-3220	59	26	stout	stout	NOUN
fsr-3220	59	27	and	and	CCONJ
fsr-3220	59	28	mitchell	mitchell	PROPN
fsr-3220	59	29	(	(	PUNCT
fsr-3220	59	30	2006	2006	NUM
fsr-3220	59	31	)	)	PUNCT
fsr-3220	59	32	and	and	CCONJ
fsr-3220	59	33	brown	brown	PROPN
fsr-3220	59	34	et	et	PROPN
fsr-3220	59	35	al	al	PROPN
fsr-3220	59	36	.	.	PROPN
fsr-3220	59	37	,	,	PUNCT
fsr-3220	59	38	(	(	PUNCT
fsr-3220	59	39	2003	2003	NUM
fsr-3220	59	40	)	)	PUNCT
fsr-3220	59	41	,	,	PUNCT
fsr-3220	59	42	a	a	DET
fsr-3220	59	43	portfolio	portfolio	NOUN
fsr-3220	59	44	of	of	ADP
fsr-3220	59	45	65	65	NUM
fsr-3220	59	46	%	%	NOUN
fsr-3220	59	47	in	in	ADP
fsr-3220	59	48	a	a	DET
fsr-3220	59	49	broad	broad	ADJ
fsr-3220	59	50	index	index	NOUN
fsr-3220	59	51	of	of	ADP
fsr-3220	59	52	index	index	NOUN
fsr-3220	59	53	of	of	ADP
fsr-3220	59	54	equities	equity	NOUN
fsr-3220	59	55	of	of	ADP
fsr-3220	59	56	u.s	u.s	PROPN
fsr-3220	59	57	.	.	PROPN
fsr-3220	59	58	corporations	corporation	NOUN
fsr-3220	59	59	and	and	CCONJ
fsr-3220	59	60	35	35	NUM
fsr-3220	59	61	%	%	NOUN
fsr-3220	59	62	intermediate	intermediate	ADJ
fsr-3220	59	63	term	term	NOUN
fsr-3220	59	64	bonds	bond	NOUN
fsr-3220	59	65	is	be	AUX
fsr-3220	59	66	formed	form	VERB
fsr-3220	59	67	.	.	PUNCT
fsr-3220	60	1	this	this	PRON
fsr-3220	60	2	is	be	AUX
fsr-3220	60	3	also	also	ADV
fsr-3220	60	4	the	the	DET
fsr-3220	60	5	allocation	allocation	NOUN
fsr-3220	60	6	for	for	ADP
fsr-3220	60	7	rep	rep	PROPN
fsr-3220	60	8	.	.	PROPN
fsr-3220	60	9	demint	demint	PROPN
fsr-3220	60	10	’s	’s	PART
fsr-3220	60	11	social	social	PROPN
fsr-3220	60	12	security	security	NOUN
fsr-3220	60	13	savings	saving	NOUN
fsr-3220	60	14	act	act	NOUN
fsr-3220	60	15	of	of	ADP
fsr-3220	60	16	2003	2003	NUM
fsr-3220	60	17	.	.	PUNCT
fsr-3220	61	1	2	2	NUM
fsr-3220	61	2	.	.	X
fsr-3220	61	3	45	45	NUM
fsr-3220	61	4	%	%	NOUN
fsr-3220	61	5	u.s	u.s	PROPN
fsr-3220	61	6	.	.	PROPN
fsr-3220	61	7	stock	stock	NOUN
fsr-3220	61	8	market	market	NOUN
fsr-3220	61	9	(	(	PUNCT
fsr-3220	61	10	ivv)/10	ivv)/10	PROPN
fsr-3220	61	11	%	%	NOUN
fsr-3220	61	12	foreign	foreign	ADJ
fsr-3220	61	13	stock	stock	NOUN
fsr-3220	61	14	market	market	NOUN
fsr-3220	61	15	(	(	PUNCT
fsr-3220	61	16	veu)/5	veu)/5	NOUN
fsr-3220	61	17	%	%	NOUN
fsr-3220	61	18	real	real	ADJ
fsr-3220	61	19	estate	estate	NOUN
fsr-3220	61	20	market	market	NOUN
fsr-3220	61	21	(	(	PUNCT
fsr-3220	61	22	veu)/5	veu)/5	NOUN
fsr-3220	61	23	%	%	NOUN
fsr-3220	61	24	commodity	commodity	NOUN
fsr-3220	61	25	market	market	NOUN
fsr-3220	61	26	(	(	PUNCT
fsr-3220	61	27	dbc)/35	dbc)/35	PROPN
fsr-3220	61	28	%	%	NOUN
fsr-3220	61	29	bond	bond	NOUN
fsr-3220	61	30	market	market	NOUN
fsr-3220	61	31	(	(	PUNCT
fsr-3220	61	32	agg	agg	PROPN
fsr-3220	61	33	)	)	PUNCT
fsr-3220	61	34	–	–	PUNCT
fsr-3220	61	35	as	as	ADP
fsr-3220	61	36	a	a	DET
fsr-3220	61	37	183s	183s	NUM
fsr-3220	61	38	.	.	PUNCT
fsr-3220	62	1	kanuri	kanuri	PROPN
fsr-3220	62	2	/	/	SYM
fsr-3220	62	3	financial	financial	ADJ
fsr-3220	62	4	services	service	NOUN
fsr-3220	62	5	review	review	VERB
fsr-3220	62	6	25	25	NUM
fsr-3220	62	7	(	(	PUNCT
fsr-3220	62	8	2016	2016	NUM
fsr-3220	62	9	)	)	PUNCT
fsr-3220	62	10	181–198	181–198	NUM
fsr-3220	62	11	robustness	robustness	NOUN
fsr-3220	62	12	test	test	NOUN
fsr-3220	62	13	,	,	PUNCT
fsr-3220	62	14	another	another	DET
fsr-3220	62	15	portfolio	portfolio	NOUN
fsr-3220	62	16	comprising	comprising	NOUN
fsr-3220	62	17	of	of	ADP
fsr-3220	62	18	45	45	NUM
fsr-3220	62	19	%	%	NOUN
fsr-3220	62	20	u.s	u.s	PROPN
fsr-3220	62	21	.	.	PROPN
fsr-3220	62	22	stocks,10	stocks,10	PROPN
fsr-3220	62	23	%	%	NOUN
fsr-3220	62	24	foreign	foreign	ADJ
fsr-3220	62	25	stocks	stock	NOUN
fsr-3220	62	26	,	,	PUNCT
fsr-3220	62	27	5	5	NUM
fsr-3220	62	28	%	%	NOUN
fsr-3220	62	29	real	real	ADJ
fsr-3220	62	30	estate	estate	NOUN
fsr-3220	62	31	,	,	PUNCT
fsr-3220	62	32	5	5	NUM
fsr-3220	62	33	%	%	NOUN
fsr-3220	62	34	commodities	commodity	NOUN
fsr-3220	62	35	,	,	PUNCT
fsr-3220	62	36	and	and	CCONJ
fsr-3220	62	37	35	35	NUM
fsr-3220	62	38	%	%	NOUN
fsr-3220	62	39	bonds	bond	NOUN
fsr-3220	62	40	is	be	AUX
fsr-3220	62	41	also	also	ADV
fsr-3220	62	42	used	use	VERB
fsr-3220	62	43	for	for	ADP
fsr-3220	62	44	comparison	comparison	NOUN
fsr-3220	62	45	purposes	purpose	NOUN
fsr-3220	62	46	.	.	PUNCT
fsr-3220	63	1	appendix	appendix	PROPN
fsr-3220	63	2	c	c	PROPN
fsr-3220	63	3	shows	show	VERB
fsr-3220	63	4	all	all	DET
fsr-3220	63	5	the	the	DET
fsr-3220	63	6	hedged	hedge	VERB
fsr-3220	63	7	etfs	etfs	NOUN
fsr-3220	63	8	and	and	CCONJ
fsr-3220	63	9	their	their	PRON
fsr-3220	63	10	inception	inception	ADJ
fsr-3220	63	11	date	date	NOUN
fsr-3220	63	12	.	.	PUNCT
fsr-3220	64	1	appendix	appendix	PROPN
fsr-3220	64	2	d	d	PROPN
fsr-3220	64	3	shows	show	VERB
fsr-3220	64	4	the	the	DET
fsr-3220	64	5	different	different	ADJ
fsr-3220	64	6	index	index	NOUN
fsr-3220	64	7	etfs	etfs	NOUN
fsr-3220	64	8	used	use	VERB
fsr-3220	64	9	for	for	ADP
fsr-3220	64	10	comparison	comparison	NOUN
fsr-3220	64	11	.	.	PUNCT
fsr-3220	65	1	the	the	DET
fsr-3220	65	2	monthly	monthly	ADJ
fsr-3220	65	3	returns	return	NOUN
fsr-3220	65	4	,	,	PUNCT
fsr-3220	65	5	annual	annual	ADJ
fsr-3220	65	6	expenses	expense	NOUN
fsr-3220	65	7	,	,	PUNCT
fsr-3220	65	8	annual	annual	ADJ
fsr-3220	65	9	turnover	turnover	NOUN
fsr-3220	65	10	,	,	PUNCT
fsr-3220	65	11	and	and	CCONJ
fsr-3220	65	12	assets	asset	NOUN
fsr-3220	65	13	under	under	ADP
fsr-3220	65	14	management	management	NOUN
fsr-3220	65	15	at	at	ADP
fsr-3220	65	16	the	the	DET
fsr-3220	65	17	end	end	NOUN
fsr-3220	65	18	of	of	ADP
fsr-3220	65	19	each	each	DET
fsr-3220	65	20	year	year	NOUN
fsr-3220	65	21	for	for	ADP
fsr-3220	65	22	hedged	hedge	VERB
fsr-3220	65	23	etfs	etfs	NOUN
fsr-3220	65	24	,	,	PUNCT
fsr-3220	65	25	ivv	ivv	PROPN
fsr-3220	65	26	,	,	PUNCT
fsr-3220	65	27	agg	agg	PROPN
fsr-3220	65	28	,	,	PUNCT
fsr-3220	65	29	veu	veu	PROPN
fsr-3220	65	30	,	,	PUNCT
fsr-3220	65	31	iyr	iyr	NOUN
fsr-3220	65	32	,	,	PUNCT
fsr-3220	65	33	and	and	CCONJ
fsr-3220	65	34	dbc	dbc	PROPN
fsr-3220	65	35	have	have	AUX
fsr-3220	65	36	been	be	AUX
fsr-3220	65	37	obtained	obtain	VERB
fsr-3220	65	38	from	from	ADP
fsr-3220	65	39	morningstar	morningstar	PROPN
fsr-3220	65	40	direct	direct	ADJ
fsr-3220	65	41	database	database	NOUN
fsr-3220	65	42	.	.	PUNCT
fsr-3220	66	1	6	6	NUM
fsr-3220	66	2	.	.	NOUN
fsr-3220	66	3	results	result	NOUN
fsr-3220	66	4	table	table	NOUN
fsr-3220	66	5	1	1	NUM
fsr-3220	66	6	shows	show	VERB
fsr-3220	66	7	descriptive	descriptive	ADJ
fsr-3220	66	8	statistics	statistic	NOUN
fsr-3220	66	9	.	.	PUNCT
fsr-3220	67	1	the	the	DET
fsr-3220	67	2	total	total	ADJ
fsr-3220	67	3	aum	aum	PROPN
fsr-3220	67	4	for	for	ADP
fsr-3220	67	5	34	34	NUM
fsr-3220	67	6	surviving	survive	VERB
fsr-3220	67	7	hedged	hedge	VERB
fsr-3220	67	8	etfs	etfs	NOUN
fsr-3220	67	9	,	,	PUNCT
fsr-3220	67	10	ivv	ivv	PROPN
fsr-3220	67	11	,	,	PUNCT
fsr-3220	67	12	agg	agg	PROPN
fsr-3220	67	13	,	,	PUNCT
fsr-3220	67	14	veu	veu	PROPN
fsr-3220	67	15	,	,	PUNCT
fsr-3220	67	16	iyr	iyr	NOUN
fsr-3220	67	17	,	,	PUNCT
fsr-3220	67	18	and	and	CCONJ
fsr-3220	67	19	dbc	dbc	PROPN
fsr-3220	67	20	of	of	ADP
fsr-3220	67	21	december	december	PROPN
fsr-3220	67	22	2014	2014	NUM
fsr-3220	67	23	were	be	AUX
fsr-3220	67	24	$	$	SYM
fsr-3220	67	25	3.42	3.42	NUM
fsr-3220	67	26	billion	billion	NUM
fsr-3220	67	27	,	,	PUNCT
fsr-3220	67	28	$	$	SYM
fsr-3220	67	29	69.69	69.69	NUM
fsr-3220	67	30	billion	billion	NUM
fsr-3220	67	31	,	,	PUNCT
fsr-3220	67	32	23.02	23.02	NUM
fsr-3220	67	33	billion	billion	NUM
fsr-3220	67	34	,	,	PUNCT
fsr-3220	67	35	$	$	SYM
fsr-3220	67	36	24.09	24.09	NUM
fsr-3220	67	37	billion	billion	NUM
fsr-3220	67	38	,	,	PUNCT
fsr-3220	67	39	$	$	SYM
fsr-3220	67	40	12.27	12.27	NUM
fsr-3220	67	41	billion	billion	NUM
fsr-3220	67	42	,	,	PUNCT
fsr-3220	67	43	$	$	SYM
fsr-3220	67	44	6.02	6.02	NUM
fsr-3220	67	45	billion	billion	NUM
fsr-3220	67	46	,	,	PUNCT
fsr-3220	67	47	and	and	CCONJ
fsr-3220	67	48	$	$	SYM
fsr-3220	67	49	4.04	4.04	NUM
fsr-3220	67	50	billion	billion	NUM
fsr-3220	67	51	,	,	PUNCT
fsr-3220	67	52	respectively	respectively	ADV
fsr-3220	67	53	.	.	PUNCT
fsr-3220	68	1	hedged	hedge	VERB
fsr-3220	68	2	etfs	etfs	NOUN
fsr-3220	68	3	are	be	AUX
fsr-3220	68	4	much	much	ADV
fsr-3220	68	5	more	more	ADV
fsr-3220	68	6	expensive	expensive	ADJ
fsr-3220	68	7	than	than	ADP
fsr-3220	68	8	all	all	DET
fsr-3220	68	9	other	other	ADJ
fsr-3220	68	10	categories	category	NOUN
fsr-3220	68	11	of	of	ADP
fsr-3220	68	12	etfs	etfs	PROPN
fsr-3220	68	13	and	and	CCONJ
fsr-3220	68	14	have	have	VERB
fsr-3220	68	15	average	average	ADJ
fsr-3220	68	16	expense	expense	NOUN
fsr-3220	68	17	ratio	ratio	NOUN
fsr-3220	68	18	of	of	ADP
fsr-3220	68	19	0.84	0.84	NUM
fsr-3220	68	20	%	%	NOUN
fsr-3220	68	21	and	and	CCONJ
fsr-3220	68	22	are	be	AUX
fsr-3220	68	23	more	more	ADV
fsr-3220	68	24	expensive	expensive	ADJ
fsr-3220	68	25	than	than	ADP
fsr-3220	68	26	all	all	DET
fsr-3220	68	27	other	other	ADJ
fsr-3220	68	28	categories	category	NOUN
fsr-3220	68	29	of	of	ADP
fsr-3220	68	30	etfs	etfs	PROPN
fsr-3220	68	31	(	(	PUNCT
fsr-3220	68	32	with	with	ADP
fsr-3220	68	33	the	the	DET
fsr-3220	68	34	exception	exception	NOUN
fsr-3220	68	35	of	of	ADP
fsr-3220	68	36	dbc	dbc	PROPN
fsr-3220	68	37	)	)	PUNCT
fsr-3220	68	38	.	.	PUNCT
fsr-3220	69	1	the	the	DET
fsr-3220	69	2	range	range	NOUN
fsr-3220	69	3	of	of	ADP
fsr-3220	69	4	expense	expense	NOUN
fsr-3220	69	5	ratios	ratio	NOUN
fsr-3220	69	6	for	for	ADP
fsr-3220	69	7	hedged	hedge	VERB
fsr-3220	69	8	etfs	etfs	NOUN
fsr-3220	69	9	varies	vary	VERB
fsr-3220	69	10	from	from	ADP
fsr-3220	69	11	0.24	0.24	NUM
fsr-3220	69	12	%	%	NOUN
fsr-3220	69	13	to	to	ADP
fsr-3220	69	14	1.65	1.65	NUM
fsr-3220	69	15	%	%	NOUN
fsr-3220	69	16	.	.	PUNCT
fsr-3220	70	1	the	the	DET
fsr-3220	70	2	average	average	ADJ
fsr-3220	70	3	turnover	turnover	NOUN
fsr-3220	70	4	for	for	ADP
fsr-3220	70	5	hedged	hedge	VERB
fsr-3220	70	6	etfs	etfs	NOUN
fsr-3220	70	7	was	be	AUX
fsr-3220	70	8	also	also	ADV
fsr-3220	70	9	very	very	ADV
fsr-3220	70	10	high	high	ADJ
fsr-3220	70	11	compared	compare	VERB
fsr-3220	70	12	with	with	ADP
fsr-3220	70	13	most	most	ADJ
fsr-3220	70	14	other	other	ADJ
fsr-3220	70	15	index	index	NOUN
fsr-3220	70	16	etfs	etfs	NOUN
fsr-3220	70	17	.	.	PUNCT
fsr-3220	71	1	the	the	DET
fsr-3220	71	2	average	average	ADJ
fsr-3220	71	3	turnover	turnover	NOUN
fsr-3220	71	4	for	for	ADP
fsr-3220	71	5	hedged	hedge	VERB
fsr-3220	71	6	etfs	etfs	NOUN
fsr-3220	71	7	was	be	AUX
fsr-3220	71	8	138.58	138.58	NUM
fsr-3220	71	9	%	%	NOUN
fsr-3220	71	10	.	.	PUNCT
fsr-3220	72	1	in	in	ADP
fsr-3220	72	2	comparison	comparison	NOUN
fsr-3220	72	3	,	,	PUNCT
fsr-3220	72	4	the	the	DET
fsr-3220	72	5	turnover	turnover	NOUN
fsr-3220	72	6	of	of	ADP
fsr-3220	72	7	s&p	s&p	PROPN
fsr-3220	72	8	500	500	NUM
fsr-3220	72	9	etf	etf	NOUN
fsr-3220	72	10	(	(	PUNCT
fsr-3220	72	11	ivv	ivv	PROPN
fsr-3220	72	12	)	)	PUNCT
fsr-3220	72	13	was	be	AUX
fsr-3220	72	14	only	only	ADV
fsr-3220	72	15	5	5	NUM
fsr-3220	72	16	%	%	NOUN
fsr-3220	72	17	.	.	PUNCT
fsr-3220	73	1	expenses	expense	NOUN
fsr-3220	73	2	and	and	CCONJ
fsr-3220	73	3	turnover	turnover	NOUN
fsr-3220	73	4	are	be	AUX
fsr-3220	73	5	very	very	ADV
fsr-3220	73	6	important	important	ADJ
fsr-3220	73	7	as	as	SCONJ
fsr-3220	73	8	previous	previous	ADJ
fsr-3220	73	9	literature	literature	NOUN
fsr-3220	73	10	finds	find	VERB
fsr-3220	73	11	that	that	SCONJ
fsr-3220	73	12	expenses	expense	NOUN
fsr-3220	73	13	and	and	CCONJ
fsr-3220	73	14	turnover	turnover	NOUN
fsr-3220	73	15	are	be	AUX
fsr-3220	73	16	negatively	negatively	ADV
fsr-3220	73	17	related	relate	VERB
fsr-3220	73	18	to	to	PART
fsr-3220	73	19	fund	fund	VERB
fsr-3220	73	20	performance	performance	NOUN
fsr-3220	73	21	(	(	PUNCT
fsr-3220	73	22	blake	blake	NOUN
fsr-3220	73	23	et	et	PROPN
fsr-3220	73	24	al	al	PROPN
fsr-3220	73	25	.	.	PROPN
fsr-3220	73	26	,	,	PUNCT
fsr-3220	73	27	1993	1993	NUM
fsr-3220	73	28	;	;	PUNCT
fsr-3220	73	29	carhart	carhart	NOUN
fsr-3220	73	30	,	,	PUNCT
fsr-3220	73	31	1997	1997	NUM
fsr-3220	73	32	;	;	PUNCT
fsr-3220	73	33	dellva	dellva	NOUN
fsr-3220	73	34	and	and	CCONJ
fsr-3220	73	35	olson	olson	NOUN
fsr-3220	73	36	,	,	PUNCT
fsr-3220	73	37	1998	1998	NUM
fsr-3220	73	38	;	;	PUNCT
fsr-3220	73	39	domian	domian	NOUN
fsr-3220	73	40	and	and	CCONJ
fsr-3220	73	41	reichenstein	reichenstein	NOUN
fsr-3220	73	42	,	,	PUNCT
fsr-3220	73	43	1998	1998	NUM
fsr-3220	73	44	;	;	PUNCT
fsr-3220	73	45	dowen	dowen	NOUN
fsr-3220	73	46	and	and	CCONJ
fsr-3220	73	47	mann	mann	PROPN
fsr-3220	73	48	,	,	PUNCT
fsr-3220	73	49	2004	2004	NUM
fsr-3220	73	50	;	;	PUNCT
fsr-3220	73	51	golec	golec	NOUN
fsr-3220	73	52	,	,	PUNCT
fsr-3220	73	53	1997	1997	NUM
fsr-3220	73	54	;	;	PUNCT
fsr-3220	73	55	kanuri	kanuri	PROPN
fsr-3220	73	56	and	and	CCONJ
fsr-3220	73	57	mcleod	mcleod	PROPN
fsr-3220	73	58	,	,	PUNCT
fsr-3220	73	59	2014	2014	NUM
fsr-3220	73	60	)	)	PUNCT
fsr-3220	73	61	.	.	PUNCT
fsr-3220	74	1	table	table	NOUN
fsr-3220	74	2	2	2	NUM
fsr-3220	74	3	shows	show	VERB
fsr-3220	74	4	the	the	DET
fsr-3220	74	5	average	average	ADJ
fsr-3220	74	6	,	,	PUNCT
fsr-3220	74	7	maximum	maximum	ADJ
fsr-3220	74	8	and	and	CCONJ
fsr-3220	74	9	minimum	minimum	ADJ
fsr-3220	74	10	net	net	ADJ
fsr-3220	74	11	asset	asset	NOUN
fsr-3220	74	12	allocation	allocation	NOUN
fsr-3220	74	13	of	of	ADP
fsr-3220	74	14	hedged	hedge	VERB
fsr-3220	74	15	etfs	etfs	NOUN
fsr-3220	74	16	.	.	PUNCT
fsr-3220	75	1	hedged	hedge	VERB
fsr-3220	75	2	etfs	etfs	NOUN
fsr-3220	75	3	are	be	AUX
fsr-3220	75	4	highly	highly	ADV
fsr-3220	75	5	diversified	diversified	ADJ
fsr-3220	75	6	across	across	ADP
fsr-3220	75	7	different	different	ADJ
fsr-3220	75	8	asset	asset	NOUN
fsr-3220	75	9	classes	class	NOUN
fsr-3220	75	10	(	(	PUNCT
fsr-3220	75	11	both	both	CCONJ
fsr-3220	75	12	foreign	foreign	ADJ
fsr-3220	75	13	and	and	CCONJ
fsr-3220	75	14	domestic	domestic	ADJ
fsr-3220	75	15	)	)	PUNCT
fsr-3220	75	16	.	.	PUNCT
fsr-3220	76	1	hedged	hedge	VERB
fsr-3220	76	2	etfs	etfs	NOUN
fsr-3220	76	3	have	have	VERB
fsr-3220	76	4	highly	highly	ADV
fsr-3220	76	5	negative	negative	ADJ
fsr-3220	76	6	allocations	allocation	NOUN
fsr-3220	76	7	indicate	indicate	VERB
fsr-3220	76	8	short	short	ADJ
fsr-3220	76	9	selling	selling	NOUN
fsr-3220	76	10	of	of	ADP
fsr-3220	76	11	assets	asset	NOUN
fsr-3220	76	12	exploit	exploit	VERB
fsr-3220	76	13	arbitrage	arbitrage	NOUN
fsr-3220	76	14	conditions	condition	NOUN
fsr-3220	76	15	.	.	PUNCT
fsr-3220	77	1	this	this	PRON
fsr-3220	77	2	is	be	AUX
fsr-3220	77	3	consistent	consistent	ADJ
fsr-3220	77	4	with	with	ADP
fsr-3220	77	5	koski	koski	PROPN
fsr-3220	77	6	and	and	CCONJ
fsr-3220	77	7	pontiff	pontiff	ADJ
fsr-3220	77	8	(	(	PUNCT
fsr-3220	77	9	1999	1999	NUM
fsr-3220	77	10	)	)	PUNCT
fsr-3220	77	11	and	and	CCONJ
fsr-3220	77	12	deli	deli	NOUN
fsr-3220	77	13	and	and	CCONJ
fsr-3220	77	14	varma	varma	PROPN
fsr-3220	77	15	(	(	PUNCT
fsr-3220	77	16	2002	2002	NUM
fsr-3220	77	17	)	)	PUNCT
fsr-3220	77	18	.	.	PUNCT
fsr-3220	78	1	table	table	NOUN
fsr-3220	78	2	1	1	NUM
fsr-3220	78	3	shows	show	VERB
fsr-3220	78	4	the	the	DET
fsr-3220	78	5	summary	summary	NOUN
fsr-3220	78	6	statistics	statistic	NOUN
fsr-3220	78	7	for	for	ADP
fsr-3220	78	8	hedged	hedge	VERB
fsr-3220	78	9	etf	etf	NOUN
fsr-3220	78	10	portfolio	portfolio	NOUN
fsr-3220	78	11	and	and	CCONJ
fsr-3220	78	12	other	other	ADJ
fsr-3220	78	13	index	index	NOUN
fsr-3220	78	14	etfs	etfs	NOUN
fsr-3220	78	15	for	for	ADP
fsr-3220	78	16	the	the	DET
fsr-3220	78	17	period	period	NOUN
fsr-3220	78	18	of	of	ADP
fsr-3220	78	19	our	our	PRON
fsr-3220	78	20	study	study	NOUN
fsr-3220	78	21	etf	etf	NOUN
fsr-3220	78	22	category	category	NOUN
fsr-3220	78	23	total	total	NOUN
fsr-3220	78	24	etfs	etfs	PROPN
fsr-3220	78	25	number	number	NOUN
fsr-3220	78	26	surviving	survive	VERB
fsr-3220	78	27	(	(	PUNCT
fsr-3220	78	28	december	december	PROPN
fsr-3220	78	29	2014	2014	NUM
fsr-3220	78	30	)	)	PUNCT
fsr-3220	78	31	number	number	NOUN
fsr-3220	78	32	dead	dead	ADJ
fsr-3220	78	33	(	(	PUNCT
fsr-3220	78	34	december	december	PROPN
fsr-3220	78	35	2014	2014	NUM
fsr-3220	78	36	)	)	PUNCT
fsr-3220	78	37	aum	aum	PROPN
fsr-3220	78	38	for	for	ADP
fsr-3220	78	39	surviving	survive	VERB
fsr-3220	78	40	etfs	etfs	PROPN
fsr-3220	78	41	(	(	PUNCT
fsr-3220	78	42	december	december	PROPN
fsr-3220	78	43	2014	2014	NUM
fsr-3220	78	44	)	)	PUNCT
fsr-3220	78	45	average	average	ADJ
fsr-3220	78	46	expense	expense	NOUN
fsr-3220	78	47	ratio	ratio	NOUN
fsr-3220	78	48	average	average	ADJ
fsr-3220	78	49	turnover	turnover	NOUN
fsr-3220	78	50	ratio	ratio	NOUN
fsr-3220	78	51	hedged	hedge	VERB
fsr-3220	78	52	etfs	etfs	NOUN
fsr-3220	78	53	49	49	NUM
fsr-3220	78	54	34	34	NUM
fsr-3220	78	55	15	15	NUM
fsr-3220	78	56	$	$	SYM
fsr-3220	78	57	3,415,247,306	3,415,247,306	NUM
fsr-3220	78	58	0.84	0.84	NUM
fsr-3220	78	59	%	%	NOUN
fsr-3220	78	60	138.58	138.58	NUM
fsr-3220	78	61	%	%	NOUN
fsr-3220	78	62	ivv	ivv	NOUN
fsr-3220	78	63	(	(	PUNCT
fsr-3220	78	64	s&p	s&p	PROPN
fsr-3220	78	65	500	500	NUM
fsr-3220	78	66	)	)	PUNCT
fsr-3220	78	67	1	1	NUM
fsr-3220	78	68	1	1	NUM
fsr-3220	78	69	0	0	NUM
fsr-3220	78	70	$	$	SYM
fsr-3220	78	71	69,686,294,171	69,686,294,171	NUM
fsr-3220	78	72	0.07	0.07	NUM
fsr-3220	78	73	%	%	NOUN
fsr-3220	78	74	5	5	NUM
fsr-3220	78	75	%	%	NOUN
fsr-3220	78	76	agg	agg	PROPN
fsr-3220	78	77	(	(	PUNCT
fsr-3220	78	78	total	total	ADJ
fsr-3220	78	79	bond	bond	NOUN
fsr-3220	78	80	)	)	PUNCT
fsr-3220	78	81	1	1	NUM
fsr-3220	78	82	1	1	NUM
fsr-3220	78	83	0	0	NUM
fsr-3220	78	84	$	$	SYM
fsr-3220	78	85	24,092,634,308	24,092,634,308	NUM
fsr-3220	78	86	0.08	0.08	NUM
fsr-3220	78	87	%	%	NOUN
fsr-3220	78	88	180	180	NUM
fsr-3220	78	89	%	%	NOUN
fsr-3220	78	90	veu	veu	PROPN
fsr-3220	78	91	(	(	PUNCT
fsr-3220	78	92	total	total	ADJ
fsr-3220	78	93	world	world	PROPN
fsr-3220	78	94	ex	ex	PROPN
fsr-3220	78	95	u.s	u.s	PROPN
fsr-3220	78	96	.	.	PROPN
fsr-3220	78	97	)	)	PUNCT
fsr-3220	79	1	1	1	NUM
fsr-3220	79	2	1	1	NUM
fsr-3220	79	3	0	0	NUM
fsr-3220	79	4	$	$	SYM
fsr-3220	79	5	12,272,804,784	12,272,804,784	NUM
fsr-3220	79	6	0.14	0.14	NUM
fsr-3220	79	7	%	%	NOUN
fsr-3220	79	8	4	4	NUM
fsr-3220	79	9	%	%	NOUN
fsr-3220	79	10	iyr	iyr	NOUN
fsr-3220	79	11	(	(	PUNCT
fsr-3220	79	12	real	real	ADJ
fsr-3220	79	13	estate	estate	NOUN
fsr-3220	79	14	)	)	PUNCT
fsr-3220	79	15	1	1	NUM
fsr-3220	79	16	1	1	NUM
fsr-3220	79	17	0	0	NUM
fsr-3220	79	18	$	$	SYM
fsr-3220	79	19	6,021,577,713	6,021,577,713	NUM
fsr-3220	79	20	0.45	0.45	NUM
fsr-3220	79	21	%	%	NOUN
fsr-3220	79	22	27.00	27.00	NUM
fsr-3220	79	23	%	%	NOUN
fsr-3220	79	24	dbc	dbc	NOUN
fsr-3220	79	25	(	(	PUNCT
fsr-3220	79	26	commodities	commodity	NOUN
fsr-3220	79	27	)	)	PUNCT
fsr-3220	79	28	1	1	NUM
fsr-3220	79	29	1	1	NUM
fsr-3220	79	30	0	0	NUM
fsr-3220	79	31	$	$	SYM
fsr-3220	79	32	4,036,424,446	4,036,424,446	NUM
fsr-3220	79	33	0.88	0.88	NUM
fsr-3220	79	34	%	%	NOUN
fsr-3220	79	35	0	0	NUM
fsr-3220	79	36	%	%	NOUN
fsr-3220	79	37	184	184	NUM
fsr-3220	79	38	s.	s.	PROPN
fsr-3220	79	39	kanuri	kanuri	PROPN
fsr-3220	79	40	/	/	SYM
fsr-3220	79	41	financial	financial	ADJ
fsr-3220	79	42	services	service	NOUN
fsr-3220	79	43	review	review	VERB
fsr-3220	79	44	25	25	NUM
fsr-3220	79	45	(	(	PUNCT
fsr-3220	79	46	2016	2016	NUM
fsr-3220	79	47	)	)	PUNCT
fsr-3220	79	48	181–198	181–198	NUM
fsr-3220	79	49	6.1	6.1	NUM
fsr-3220	79	50	.	.	PUNCT
fsr-3220	80	1	correlation	correlation	NOUN
fsr-3220	80	2	table	table	NOUN
fsr-3220	80	3	3	3	NUM
fsr-3220	80	4	shows	show	VERB
fsr-3220	80	5	the	the	DET
fsr-3220	80	6	results	result	NOUN
fsr-3220	80	7	for	for	ADP
fsr-3220	80	8	spearman	spearman	NOUN
fsr-3220	80	9	rank	rank	NOUN
fsr-3220	80	10	correlation	correlation	NOUN
fsr-3220	80	11	test	test	NOUN
fsr-3220	80	12	between	between	ADP
fsr-3220	80	13	hedged	hedge	VERB
fsr-3220	80	14	etf	etf	NOUN
fsr-3220	80	15	portfolio	portfolio	NOUN
fsr-3220	80	16	,	,	PUNCT
fsr-3220	80	17	ivv	ivv	PROPN
fsr-3220	80	18	,	,	PUNCT
fsr-3220	80	19	agg	agg	PROPN
fsr-3220	80	20	,	,	PUNCT
fsr-3220	80	21	veu	veu	PROPN
fsr-3220	80	22	,	,	PUNCT
fsr-3220	80	23	iyr	iyr	NOUN
fsr-3220	80	24	,	,	PUNCT
fsr-3220	80	25	and	and	CCONJ
fsr-3220	80	26	dbc	dbc	PROPN
fsr-3220	80	27	,	,	PUNCT
fsr-3220	80	28	65	65	NUM
fsr-3220	80	29	%	%	NOUN
fsr-3220	80	30	u.s	u.s	PROPN
fsr-3220	80	31	.	.	PROPN
fsr-3220	80	32	stock	stock	NOUN
fsr-3220	80	33	market	market	NOUN
fsr-3220	80	34	(	(	PUNCT
fsr-3220	80	35	ivv)/35	ivv)/35	NOUN
fsr-3220	80	36	%	%	NOUN
fsr-3220	80	37	bond	bond	NOUN
fsr-3220	80	38	market	market	NOUN
fsr-3220	80	39	(	(	PUNCT
fsr-3220	80	40	agg	agg	PROPN
fsr-3220	80	41	)	)	PUNCT
fsr-3220	80	42	portfolio	portfolio	NOUN
fsr-3220	80	43	and	and	CCONJ
fsr-3220	80	44	45	45	NUM
fsr-3220	80	45	%	%	NOUN
fsr-3220	80	46	u.s	u.s	PROPN
fsr-3220	80	47	.	.	PROPN
fsr-3220	80	48	stock	stock	NOUN
fsr-3220	80	49	market	market	NOUN
fsr-3220	80	50	(	(	PUNCT
fsr-3220	80	51	ivv)/10	ivv)/10	PROPN
fsr-3220	80	52	%	%	NOUN
fsr-3220	80	53	foreign	foreign	ADJ
fsr-3220	80	54	stock	stock	NOUN
fsr-3220	80	55	market	market	NOUN
fsr-3220	80	56	(	(	PUNCT
fsr-3220	80	57	veu)/5	veu)/5	NOUN
fsr-3220	80	58	%	%	NOUN
fsr-3220	80	59	real	real	ADJ
fsr-3220	80	60	estate	estate	NOUN
fsr-3220	80	61	market	market	NOUN
fsr-3220	80	62	(	(	PUNCT
fsr-3220	80	63	veu)/5	veu)/5	NOUN
fsr-3220	80	64	%	%	NOUN
fsr-3220	80	65	commodity	commodity	NOUN
fsr-3220	80	66	market	market	NOUN
fsr-3220	80	67	(	(	PUNCT
fsr-3220	80	68	dbc)/35	dbc)/35	PROPN
fsr-3220	80	69	%	%	NOUN
fsr-3220	80	70	bond	bond	NOUN
fsr-3220	80	71	market	market	NOUN
fsr-3220	80	72	(	(	PUNCT
fsr-3220	80	73	agg	agg	PROPN
fsr-3220	80	74	)	)	PUNCT
fsr-3220	80	75	portfolio	portfolio	NOUN
fsr-3220	80	76	during	during	ADP
fsr-3220	80	77	the	the	DET
fsr-3220	80	78	period	period	NOUN
fsr-3220	80	79	of	of	ADP
fsr-3220	80	80	our	our	PRON
fsr-3220	80	81	study	study	NOUN
fsr-3220	80	82	.	.	PUNCT
fsr-3220	81	1	results	result	NOUN
fsr-3220	81	2	indicate	indicate	VERB
fsr-3220	81	3	that	that	SCONJ
fsr-3220	81	4	hedged	hedge	VERB
fsr-3220	81	5	etf	etf	NOUN
fsr-3220	81	6	portfolio	portfolio	NOUN
fsr-3220	81	7	have	have	VERB
fsr-3220	81	8	highly	highly	ADV
fsr-3220	81	9	negative	negative	ADJ
fsr-3220	81	10	correlation	correlation	NOUN
fsr-3220	81	11	with	with	ADP
fsr-3220	81	12	all	all	DET
fsr-3220	81	13	other	other	ADJ
fsr-3220	81	14	asset	asset	NOUN
fsr-3220	81	15	categories	category	NOUN
fsr-3220	81	16	with	with	ADP
fsr-3220	81	17	the	the	DET
fsr-3220	81	18	exception	exception	NOUN
fsr-3220	81	19	of	of	ADP
fsr-3220	81	20	commodities	commodity	NOUN
fsr-3220	81	21	(	(	PUNCT
fsr-3220	81	22	dbc	dbc	NOUN
fsr-3220	81	23	)	)	PUNCT
fsr-3220	81	24	.	.	PUNCT
fsr-3220	82	1	correlation	correlation	NOUN
fsr-3220	82	2	between	between	ADP
fsr-3220	82	3	hedged	hedge	VERB
fsr-3220	82	4	etf	etf	NOUN
fsr-3220	82	5	portfolio	portfolio	NOUN
fsr-3220	82	6	and	and	CCONJ
fsr-3220	82	7	ivv	ivv	PROPN
fsr-3220	82	8	(	(	PUNCT
fsr-3220	82	9	s&p	s&p	PROPN
fsr-3220	82	10	500	500	NUM
fsr-3220	82	11	)	)	PUNCT
fsr-3220	82	12	is	be	AUX
fsr-3220	82	13	�	�	NOUN
fsr-3220	82	14	0.4285	0.4285	NUM
fsr-3220	82	15	,	,	PUNCT
fsr-3220	82	16	whereas	whereas	SCONJ
fsr-3220	82	17	correlation	correlation	NOUN
fsr-3220	82	18	between	between	ADP
fsr-3220	82	19	hedged	hedge	VERB
fsr-3220	82	20	etf	etf	NOUN
fsr-3220	82	21	portfolio	portfolio	NOUN
fsr-3220	82	22	and	and	CCONJ
fsr-3220	82	23	agg	agg	PROPN
fsr-3220	82	24	(	(	PUNCT
fsr-3220	82	25	total	total	ADJ
fsr-3220	82	26	bond	bond	NOUN
fsr-3220	82	27	market	market	NOUN
fsr-3220	82	28	)	)	PUNCT
fsr-3220	82	29	is	be	AUX
fsr-3220	82	30	�	�	NOUN
fsr-3220	82	31	0.0643	0.0643	NUM
fsr-3220	82	32	.	.	PUNCT
fsr-3220	83	1	hedged	hedge	VERB
fsr-3220	83	2	etf	etf	NOUN
fsr-3220	83	3	portfolio	portfolio	NOUN
fsr-3220	83	4	is	be	AUX
fsr-3220	83	5	only	only	ADV
fsr-3220	83	6	positively	positively	ADV
fsr-3220	83	7	correlated	correlate	VERB
fsr-3220	83	8	with	with	ADP
fsr-3220	83	9	commodity	commodity	NOUN
fsr-3220	83	10	index	index	NOUN
fsr-3220	83	11	etf	etf	NOUN
fsr-3220	83	12	.	.	PUNCT
fsr-3220	84	1	however	however	ADV
fsr-3220	84	2	,	,	PUNCT
fsr-3220	84	3	even	even	ADV
fsr-3220	84	4	correlation	correlation	NOUN
fsr-3220	84	5	between	between	ADP
fsr-3220	84	6	hedged	hedge	VERB
fsr-3220	84	7	etf	etf	NOUN
fsr-3220	84	8	portfolio	portfolio	NOUN
fsr-3220	84	9	and	and	CCONJ
fsr-3220	84	10	commodity	commodity	NOUN
fsr-3220	84	11	index	index	NOUN
fsr-3220	84	12	etf	etf	NOUN
fsr-3220	84	13	is	be	AUX
fsr-3220	84	14	very	very	ADV
fsr-3220	84	15	low	low	ADJ
fsr-3220	84	16	(	(	PUNCT
fsr-3220	84	17	0.0247	0.0247	NUM
fsr-3220	84	18	)	)	PUNCT
fsr-3220	84	19	.	.	PUNCT
fsr-3220	85	1	results	result	NOUN
fsr-3220	85	2	were	be	AUX
fsr-3220	85	3	statistically	statistically	ADV
fsr-3220	85	4	significant	significant	ADJ
fsr-3220	85	5	in	in	ADP
fsr-3220	85	6	the	the	DET
fsr-3220	85	7	case	case	NOUN
fsr-3220	85	8	of	of	ADP
fsr-3220	85	9	ivv	ivv	PROPN
fsr-3220	85	10	,	,	PUNCT
fsr-3220	85	11	veu	veu	PROPN
fsr-3220	85	12	,	,	PUNCT
fsr-3220	85	13	iyr	iyr	NOUN
fsr-3220	85	14	,	,	PUNCT
fsr-3220	85	15	and	and	CCONJ
fsr-3220	85	16	45	45	NUM
fsr-3220	85	17	%	%	NOUN
fsr-3220	85	18	u.s	u.s	PROPN
fsr-3220	85	19	.	.	PROPN
fsr-3220	85	20	stock	stock	NOUN
fsr-3220	85	21	market	market	NOUN
fsr-3220	85	22	(	(	PUNCT
fsr-3220	85	23	ivv)/10	ivv)/10	PROPN
fsr-3220	85	24	%	%	NOUN
fsr-3220	85	25	foreign	foreign	ADJ
fsr-3220	85	26	stock	stock	NOUN
fsr-3220	85	27	market	market	NOUN
fsr-3220	85	28	(	(	PUNCT
fsr-3220	85	29	veu)/5	veu)/5	NOUN
fsr-3220	85	30	%	%	NOUN
fsr-3220	85	31	real	real	ADJ
fsr-3220	85	32	estate	estate	NOUN
fsr-3220	85	33	market	market	NOUN
fsr-3220	85	34	(	(	PUNCT
fsr-3220	85	35	veu)/5	veu)/5	NOUN
fsr-3220	85	36	%	%	NOUN
fsr-3220	85	37	commodity	commodity	NOUN
fsr-3220	85	38	market	market	NOUN
fsr-3220	85	39	(	(	PUNCT
fsr-3220	85	40	dbc)/35	dbc)/35	PROPN
fsr-3220	85	41	%	%	NOUN
fsr-3220	85	42	bond	bond	NOUN
fsr-3220	85	43	market	market	NOUN
fsr-3220	85	44	(	(	PUNCT
fsr-3220	85	45	agg	agg	PROPN
fsr-3220	85	46	)	)	PUNCT
fsr-3220	85	47	portfolio	portfolio	NOUN
fsr-3220	85	48	.	.	PUNCT
fsr-3220	86	1	these	these	DET
fsr-3220	86	2	results	result	NOUN
fsr-3220	86	3	indicate	indicate	VERB
fsr-3220	86	4	that	that	SCONJ
fsr-3220	86	5	hedged	hedge	VERB
fsr-3220	86	6	etfs	etfs	NOUN
fsr-3220	86	7	are	be	AUX
fsr-3220	86	8	highly	highly	ADV
fsr-3220	86	9	diversified	diversified	ADJ
fsr-3220	86	10	and	and	CCONJ
fsr-3220	86	11	,	,	PUNCT
fsr-3220	86	12	therefore	therefore	ADV
fsr-3220	86	13	,	,	PUNCT
fsr-3220	86	14	have	have	VERB
fsr-3220	86	15	highly	highly	ADV
fsr-3220	86	16	negative	negative	ADJ
fsr-3220	86	17	or	or	CCONJ
fsr-3220	86	18	very	very	ADV
fsr-3220	86	19	low	low	ADJ
fsr-3220	86	20	correlation	correlation	NOUN
fsr-3220	86	21	with	with	ADP
fsr-3220	86	22	all	all	DET
fsr-3220	86	23	other	other	ADJ
fsr-3220	86	24	asset	asset	NOUN
fsr-3220	86	25	categories	category	NOUN
fsr-3220	86	26	.	.	PUNCT
fsr-3220	87	1	6.2	6.2	NUM
fsr-3220	87	2	.	.	PUNCT
fsr-3220	87	3	returns	return	NOUN
fsr-3220	87	4	and	and	CCONJ
fsr-3220	87	5	standard	standard	ADJ
fsr-3220	87	6	deviation	deviation	NOUN
fsr-3220	87	7	table	table	NOUN
fsr-3220	87	8	4	4	NUM
fsr-3220	87	9	shows	show	NOUN
fsr-3220	87	10	average	average	ADJ
fsr-3220	87	11	monthly	monthly	ADJ
fsr-3220	87	12	returns	return	NOUN
fsr-3220	87	13	,	,	PUNCT
fsr-3220	87	14	median	median	ADJ
fsr-3220	87	15	monthly	monthly	ADJ
fsr-3220	87	16	returns	return	NOUN
fsr-3220	87	17	,	,	PUNCT
fsr-3220	87	18	standard	standard	ADJ
fsr-3220	87	19	deviation	deviation	NOUN
fsr-3220	87	20	of	of	ADP
fsr-3220	87	21	monthly	monthly	ADJ
fsr-3220	87	22	returns	return	NOUN
fsr-3220	87	23	,	,	PUNCT
fsr-3220	87	24	and	and	CCONJ
fsr-3220	87	25	cumulative	cumulative	ADJ
fsr-3220	87	26	returns	return	NOUN
fsr-3220	87	27	over	over	ADP
fsr-3220	87	28	the	the	DET
fsr-3220	87	29	entire	entire	ADJ
fsr-3220	87	30	period	period	NOUN
fsr-3220	87	31	(	(	PUNCT
fsr-3220	87	32	january	january	PROPN
fsr-3220	87	33	2008	2008	NUM
fsr-3220	87	34	through	through	ADP
fsr-3220	87	35	december	december	PROPN
fsr-3220	87	36	2014	2014	NUM
fsr-3220	87	37	)	)	PUNCT
fsr-3220	87	38	.	.	PUNCT
fsr-3220	88	1	hedged	hedge	VERB
fsr-3220	88	2	etf	etf	NOUN
fsr-3220	88	3	portfolio	portfolio	NOUN
fsr-3220	88	4	severely	severely	ADV
fsr-3220	88	5	underperformed	underperform	VERB
fsr-3220	88	6	all	all	DET
fsr-3220	88	7	asset	asset	NOUN
fsr-3220	88	8	categories	category	NOUN
fsr-3220	88	9	with	with	ADP
fsr-3220	88	10	the	the	DET
fsr-3220	88	11	exception	exception	NOUN
fsr-3220	88	12	of	of	ADP
fsr-3220	88	13	powershares	powershare	NOUN
fsr-3220	88	14	db	db	VERB
fsr-3220	88	15	commodity	commodity	NOUN
fsr-3220	88	16	tracking	track	VERB
fsr-3220	88	17	etf	etf	NOUN
fsr-3220	88	18	and	and	CCONJ
fsr-3220	88	19	has	have	VERB
fsr-3220	88	20	much	much	ADV
fsr-3220	88	21	lower	low	ADJ
fsr-3220	88	22	average	average	ADJ
fsr-3220	88	23	monthly	monthly	ADJ
fsr-3220	88	24	returns	return	NOUN
fsr-3220	88	25	compared	compare	VERB
fsr-3220	88	26	with	with	ADP
fsr-3220	88	27	all	all	DET
fsr-3220	88	28	other	other	ADJ
fsr-3220	88	29	asset	asset	NOUN
fsr-3220	88	30	categories	category	NOUN
fsr-3220	88	31	p	p	NOUN
fsr-3220	88	32	value	value	NOUN
fsr-3220	88	33	of	of	ADP
fsr-3220	88	34	average	average	ADJ
fsr-3220	88	35	returns	return	NOUN
fsr-3220	88	36	are	be	AUX
fsr-3220	88	37	significantly	significantly	ADV
fsr-3220	88	38	different	different	ADJ
fsr-3220	88	39	than	than	ADP
fsr-3220	88	40	zero	zero	NUM
fsr-3220	88	41	(	(	PUNCT
fsr-3220	88	42	5	5	NUM
fsr-3220	88	43	%	%	NOUN
fsr-3220	88	44	or	or	CCONJ
fsr-3220	88	45	better	well	ADJ
fsr-3220	88	46	)	)	PUNCT
fsr-3220	88	47	for	for	ADP
fsr-3220	88	48	all	all	DET
fsr-3220	88	49	portfolios	portfolio	NOUN
fsr-3220	88	50	in	in	ADP
fsr-3220	88	51	fact	fact	NOUN
fsr-3220	88	52	,	,	PUNCT
fsr-3220	88	53	hedged	hedge	VERB
fsr-3220	88	54	etf	etf	NOUN
fsr-3220	88	55	portfolio	portfolio	NOUN
fsr-3220	88	56	lost	lose	VERB
fsr-3220	88	57	value	value	NOUN
fsr-3220	88	58	and	and	CCONJ
fsr-3220	88	59	had	have	VERB
fsr-3220	88	60	negative	negative	ADJ
fsr-3220	88	61	average	average	ADJ
fsr-3220	88	62	monthly	monthly	ADJ
fsr-3220	88	63	returns	return	NOUN
fsr-3220	88	64	.	.	PUNCT
fsr-3220	89	1	the	the	DET
fsr-3220	89	2	only	only	ADJ
fsr-3220	89	3	other	other	ADJ
fsr-3220	89	4	category	category	NOUN
fsr-3220	89	5	that	that	PRON
fsr-3220	89	6	had	have	VERB
fsr-3220	89	7	negative	negative	ADJ
fsr-3220	89	8	average	average	ADJ
fsr-3220	89	9	monthly	monthly	ADJ
fsr-3220	89	10	returns	return	NOUN
fsr-3220	89	11	was	be	AUX
fsr-3220	89	12	commodity	commodity	NOUN
fsr-3220	89	13	index	index	NOUN
fsr-3220	89	14	etf	etf	NOUN
fsr-3220	89	15	.	.	PUNCT
fsr-3220	90	1	however	however	ADV
fsr-3220	90	2	,	,	PUNCT
fsr-3220	90	3	hedged	hedge	VERB
fsr-3220	90	4	etf	etf	NOUN
fsr-3220	90	5	portfolio	portfolio	NOUN
fsr-3220	90	6	had	have	VERB
fsr-3220	90	7	lower	low	ADJ
fsr-3220	90	8	standard	standard	ADJ
fsr-3220	90	9	deviation	deviation	NOUN
fsr-3220	90	10	of	of	ADP
fsr-3220	90	11	returns	return	NOUN
fsr-3220	90	12	compared	compare	VERB
fsr-3220	90	13	with	with	ADP
fsr-3220	90	14	all	all	DET
fsr-3220	90	15	other	other	ADJ
fsr-3220	90	16	categories	category	NOUN
fsr-3220	90	17	except	except	SCONJ
fsr-3220	90	18	the	the	DET
fsr-3220	90	19	total	total	ADJ
fsr-3220	90	20	market	market	NOUN
fsr-3220	90	21	bond	bond	NOUN
fsr-3220	90	22	etf	etf	NOUN
fsr-3220	90	23	(	(	PUNCT
fsr-3220	90	24	agg	agg	PROPN
fsr-3220	90	25	)	)	PUNCT
fsr-3220	90	26	.	.	PUNCT
fsr-3220	91	1	the	the	DET
fsr-3220	91	2	cumulative	cumulative	ADJ
fsr-3220	91	3	returns	return	NOUN
fsr-3220	91	4	for	for	ADP
fsr-3220	91	5	hedged	hedge	VERB
fsr-3220	91	6	etf	etf	NOUN
fsr-3220	91	7	portfolio	portfolio	NOUN
fsr-3220	91	8	for	for	ADP
fsr-3220	91	9	the	the	DET
fsr-3220	91	10	entire	entire	ADJ
fsr-3220	91	11	period	period	NOUN
fsr-3220	91	12	were	be	AUX
fsr-3220	91	13	�	�	PROPN
fsr-3220	91	14	14.76	14.76	NUM
fsr-3220	91	15	%	%	NOUN
fsr-3220	91	16	.	.	PUNCT
fsr-3220	92	1	only	only	ADV
fsr-3220	92	2	powershares	powershare	NOUN
fsr-3220	92	3	db	db	VERB
fsr-3220	92	4	commodity	commodity	NOUN
fsr-3220	92	5	tracking	track	VERB
fsr-3220	92	6	etf	etf	NOUN
fsr-3220	92	7	lost	lose	VERB
fsr-3220	92	8	more	more	ADJ
fsr-3220	92	9	value	value	NOUN
fsr-3220	92	10	(	(	PUNCT
fsr-3220	92	11	�	�	NOUN
fsr-3220	92	12	40.56	40.56	NUM
fsr-3220	92	13	%	%	NOUN
fsr-3220	92	14	)	)	PUNCT
fsr-3220	92	15	over	over	ADP
fsr-3220	92	16	this	this	DET
fsr-3220	92	17	time	time	NOUN
fsr-3220	92	18	period	period	NOUN
fsr-3220	92	19	.	.	PUNCT
fsr-3220	93	1	table	table	NOUN
fsr-3220	93	2	5a	5a	PROPN
fsr-3220	93	3	shows	show	VERB
fsr-3220	93	4	the	the	DET
fsr-3220	93	5	annualized	annualize	VERB
fsr-3220	93	6	returns	return	NOUN
fsr-3220	93	7	every	every	DET
fsr-3220	93	8	year	year	NOUN
fsr-3220	93	9	,	,	PUNCT
fsr-3220	93	10	average	average	ADJ
fsr-3220	93	11	annual	annual	ADJ
fsr-3220	93	12	returns	return	NOUN
fsr-3220	93	13	(	(	PUNCT
fsr-3220	93	14	both	both	CCONJ
fsr-3220	93	15	arithmetic	arithmetic	ADJ
fsr-3220	93	16	and	and	CCONJ
fsr-3220	93	17	geometric	geometric	ADJ
fsr-3220	93	18	)	)	PUNCT
fsr-3220	93	19	as	as	ADV
fsr-3220	93	20	well	well	ADV
fsr-3220	93	21	as	as	ADP
fsr-3220	93	22	standard	standard	ADJ
fsr-3220	93	23	deviation	deviation	NOUN
fsr-3220	93	24	of	of	ADP
fsr-3220	93	25	annual	annual	ADJ
fsr-3220	93	26	returns	return	NOUN
fsr-3220	93	27	.	.	PUNCT
fsr-3220	94	1	results	result	NOUN
fsr-3220	94	2	again	again	ADV
fsr-3220	94	3	indicate	indicate	VERB
fsr-3220	94	4	that	that	SCONJ
fsr-3220	94	5	hedged	hedge	VERB
fsr-3220	94	6	etf	etf	NOUN
fsr-3220	94	7	portfolio	portfolio	NOUN
fsr-3220	94	8	underperformed	underperform	VERB
fsr-3220	94	9	most	most	ADJ
fsr-3220	94	10	asset	asset	NOUN
fsr-3220	94	11	categories	category	NOUN
fsr-3220	94	12	(	(	PUNCT
fsr-3220	94	13	with	with	ADP
fsr-3220	94	14	the	the	DET
fsr-3220	94	15	exception	exception	NOUN
fsr-3220	94	16	of	of	ADP
fsr-3220	94	17	powertable	powertable	ADJ
fsr-3220	94	18	2	2	NUM
fsr-3220	94	19	shows	show	VERB
fsr-3220	94	20	the	the	DET
fsr-3220	94	21	average	average	ADJ
fsr-3220	94	22	net	net	ADJ
fsr-3220	94	23	allocations	allocation	NOUN
fsr-3220	94	24	of	of	ADP
fsr-3220	94	25	hedged	hedge	VERB
fsr-3220	94	26	etfs	etfs	NOUN
fsr-3220	94	27	hedged	hedge	VERB
fsr-3220	94	28	etfs	etfs	PROPN
fsr-3220	94	29	asset	asset	NOUN
fsr-3220	94	30	allocations	allocation	NOUN
fsr-3220	94	31	equity	equity	NOUN
fsr-3220	94	32	%	%	NOUN
fsr-3220	94	33	(	(	PUNCT
fsr-3220	94	34	net	net	ADJ
fsr-3220	94	35	)	)	PUNCT
fsr-3220	94	36	asset	asset	NOUN
fsr-3220	94	37	allocations	allocation	NOUN
fsr-3220	94	38	bond	bond	NOUN
fsr-3220	94	39	%	%	NOUN
fsr-3220	94	40	(	(	PUNCT
fsr-3220	94	41	net	net	ADJ
fsr-3220	94	42	)	)	PUNCT
fsr-3220	94	43	asset	asset	NOUN
fsr-3220	94	44	allocations	allocation	NOUN
fsr-3220	94	45	cash	cash	NOUN
fsr-3220	94	46	%	%	NOUN
fsr-3220	94	47	(	(	PUNCT
fsr-3220	94	48	net	net	ADJ
fsr-3220	94	49	)	)	PUNCT
fsr-3220	94	50	asset	asset	NOUN
fsr-3220	94	51	allocations	allocation	NOUN
fsr-3220	94	52	non	non	ADJ
fsr-3220	94	53	-	-	ADJ
fsr-3220	94	54	u.s	u.s	PROPN
fsr-3220	94	55	.	.	PROPN
fsr-3220	94	56	bond	bond	NOUN
fsr-3220	94	57	%	%	NOUN
fsr-3220	94	58	(	(	PUNCT
fsr-3220	94	59	net	net	ADJ
fsr-3220	94	60	)	)	PUNCT
fsr-3220	94	61	asset	asset	NOUN
fsr-3220	94	62	allocations	allocation	NOUN
fsr-3220	94	63	non	non	ADJ
fsr-3220	94	64	-	-	ADJ
fsr-3220	94	65	u.s	u.s	PROPN
fsr-3220	94	66	.	.	PROPN
fsr-3220	94	67	equity	equity	NOUN
fsr-3220	94	68	%	%	NOUN
fsr-3220	94	69	(	(	PUNCT
fsr-3220	94	70	net	net	ADJ
fsr-3220	94	71	)	)	PUNCT
fsr-3220	94	72	asset	asset	NOUN
fsr-3220	94	73	allocations	allocation	NOUN
fsr-3220	94	74	other	other	ADJ
fsr-3220	94	75	%	%	NOUN
fsr-3220	94	76	(	(	PUNCT
fsr-3220	94	77	net	net	NOUN
fsr-3220	94	78	)	)	PUNCT
fsr-3220	94	79	average	average	ADJ
fsr-3220	94	80	25.33	25.33	NUM
fsr-3220	94	81	%	%	NOUN
fsr-3220	94	82	9.19	9.19	NUM
fsr-3220	94	83	%	%	NOUN
fsr-3220	94	84	63.49	63.49	NUM
fsr-3220	94	85	%	%	NOUN
fsr-3220	94	86	3.95	3.95	NUM
fsr-3220	94	87	%	%	NOUN
fsr-3220	94	88	4.28	4.28	NUM
fsr-3220	94	89	%	%	NOUN
fsr-3220	94	90	1.99	1.99	NUM
fsr-3220	94	91	%	%	NOUN
fsr-3220	94	92	max	max	PROPN
fsr-3220	94	93	104.25	104.25	NUM
fsr-3220	94	94	%	%	NOUN
fsr-3220	94	95	91.33	91.33	NUM
fsr-3220	94	96	%	%	NOUN
fsr-3220	94	97	192.35	192.35	NUM
fsr-3220	94	98	%	%	NOUN
fsr-3220	94	99	23.08	23.08	NUM
fsr-3220	94	100	%	%	NOUN
fsr-3220	94	101	31.00	31.00	NUM
fsr-3220	94	102	%	%	NOUN
fsr-3220	94	103	22.60	22.60	NUM
fsr-3220	94	104	%	%	NOUN
fsr-3220	94	105	min	min	PROPN
fsr-3220	94	106	�	�	PROPN
fsr-3220	94	107	97.95	97.95	NUM
fsr-3220	94	108	%	%	NOUN
fsr-3220	94	109	�	�	NOUN
fsr-3220	94	110	99.19	99.19	NUM
fsr-3220	94	111	%	%	NOUN
fsr-3220	94	112	�	�	NOUN
fsr-3220	94	113	4.25	4.25	NUM
fsr-3220	94	114	%	%	NOUN
fsr-3220	94	115	0.00	0.00	NUM
fsr-3220	94	116	%	%	NOUN
fsr-3220	94	117	�	�	NOUN
fsr-3220	94	118	19.19	19.19	NUM
fsr-3220	94	119	%	%	NOUN
fsr-3220	94	120	�	�	NOUN
fsr-3220	94	121	15.77	15.77	NUM
fsr-3220	94	122	%	%	NOUN
fsr-3220	94	123	185s	185s	NUM
fsr-3220	94	124	.	.	PUNCT
fsr-3220	95	1	kanuri	kanuri	PROPN
fsr-3220	95	2	/	/	SYM
fsr-3220	95	3	financial	financial	ADJ
fsr-3220	95	4	services	service	NOUN
fsr-3220	95	5	review	review	VERB
fsr-3220	95	6	25	25	NUM
fsr-3220	95	7	(	(	PUNCT
fsr-3220	95	8	2016	2016	NUM
fsr-3220	95	9	)	)	PUNCT
fsr-3220	95	10	181–198	181–198	NUM
fsr-3220	95	11	t	t	PROPN
fsr-3220	95	12	ab	ab	PROPN
fsr-3220	95	13	le	le	PROPN
fsr-3220	95	14	3	3	NUM
fsr-3220	95	15	sh	sh	INTJ
fsr-3220	95	16	ow	ow	PROPN
fsr-3220	95	17	s	s	X
fsr-3220	95	18	th	th	X
fsr-3220	95	19	e	e	NOUN
fsr-3220	95	20	sp	sp	ADP
fsr-3220	95	21	ea	ea	PROPN
fsr-3220	95	22	rm	rm	PROPN
fsr-3220	95	23	an	an	DET
fsr-3220	95	24	r	r	NOUN
fsr-3220	95	25	an	an	DET
fsr-3220	95	26	k	k	PROPN
fsr-3220	95	27	c	c	PROPN
fsr-3220	95	28	or	or	CCONJ
fsr-3220	95	29	re	re	ADJ
fsr-3220	95	30	la	la	X
fsr-3220	95	31	tio	tio	PROPN
fsr-3220	95	32	n	n	X
fsr-3220	95	33	te	te	PROPN
fsr-3220	95	34	st	st	PROPN
fsr-3220	95	35	be	be	AUX
fsr-3220	95	36	tw	tw	INTJ
fsr-3220	95	37	ee	ee	ADP
fsr-3220	95	38	n	n	PROPN
fsr-3220	95	39	eq	eq	NOUN
fsr-3220	96	1	ua	ua	PROPN
fsr-3220	96	2	lly	lly	ADV
fsr-3220	96	3	w	w	PROPN
fsr-3220	96	4	ei	ei	NOUN
fsr-3220	96	5	gh	gh	PROPN
fsr-3220	96	6	te	te	PROPN
fsr-3220	96	7	d	d	PROPN
fsr-3220	96	8	h	h	PROPN
fsr-3220	96	9	ed	ed	NOUN
fsr-3220	96	10	ge	ge	PROPN
fsr-3220	97	1	d	d	PROPN
fsr-3220	97	2	e	e	PROPN
fsr-3220	98	1	t	t	PROPN
fsr-3220	98	2	f	f	PROPN
fsr-3220	98	3	po	po	INTJ
fsr-3220	98	4	rt	rt	INTJ
fsr-3220	98	5	fo	fo	INTJ
fsr-3220	98	6	lio	lio	PROPN
fsr-3220	99	1	an	an	DET
fsr-3220	99	2	d	d	NOUN
fsr-3220	99	3	ot	ot	INTJ
fsr-3220	99	4	he	he	PRON
fsr-3220	99	5	r	r	NOUN
fsr-3220	99	6	in	in	ADP
fsr-3220	99	7	de	de	X
fsr-3220	99	8	x	x	X
fsr-3220	99	9	e	e	PROPN
fsr-3220	99	10	t	t	X
fsr-3220	99	11	fs	fs	PUNCT
fsr-3220	100	1	fo	fo	INTJ
fsr-3220	100	2	r	r	NOUN
fsr-3220	100	3	th	th	X
fsr-3220	100	4	e	e	X
fsr-3220	100	5	pe	pe	NOUN
fsr-3220	100	6	ri	ri	PROPN
fsr-3220	100	7	od	od	INTJ
fsr-3220	100	8	of	of	ADP
fsr-3220	100	9	ou	ou	PROPN
fsr-3220	100	10	r	r	PROPN
fsr-3220	100	11	st	st	PROPN
fsr-3220	101	1	ud	ud	INTJ
fsr-3220	101	2	y	y	PROPN
fsr-3220	101	3	(	(	PUNCT
fsr-3220	101	4	j	j	PROPN
fsr-3220	101	5	an	an	DET
fsr-3220	101	6	ua	ua	PROPN
fsr-3220	101	7	ry	ry	PROPN
fsr-3220	101	8	20	20	NUM
fsr-3220	101	9	08	08	NUM
fsr-3220	101	10	th	th	X
fsr-3220	101	11	ro	ro	NOUN
fsr-3220	101	12	ug	ug	ADP
fsr-3220	101	13	h	h	PROPN
fsr-3220	102	1	d	d	PROPN
fsr-3220	102	2	ec	ec	PROPN
fsr-3220	102	3	em	em	PRON
fsr-3220	102	4	be	be	VERB
fsr-3220	102	5	r	r	NOUN
fsr-3220	102	6	20	20	NUM
fsr-3220	102	7	14	14	NUM
fsr-3220	102	8	)	)	PUNCT
fsr-3220	102	9	c	c	NOUN
fsr-3220	102	10	or	or	CCONJ
fsr-3220	102	11	re	re	ADJ
fsr-3220	102	12	la	la	X
fsr-3220	102	13	tio	tio	NOUN
fsr-3220	103	1	n	n	PRON
fsr-3220	103	2	h	h	NOUN
fsr-3220	104	1	ed	ed	NOUN
fsr-3220	104	2	ge	ge	PROPN
fsr-3220	105	1	d	d	PROPN
fsr-3220	105	2	e	e	PROPN
fsr-3220	105	3	t	t	X
fsr-3220	105	4	fs	fs	ADP
fsr-3220	105	5	iv	iv	NUM
fsr-3220	105	6	v	v	NOUN
fsr-3220	105	7	(	(	PUNCT
fsr-3220	105	8	s	s	NOUN
fsr-3220	105	9	&	&	CCONJ
fsr-3220	105	10	p	p	NOUN
fsr-3220	105	11	50	50	NUM
fsr-3220	105	12	0	0	NUM
fsr-3220	105	13	)	)	PUNCT
fsr-3220	105	14	a	a	DET
fsr-3220	105	15	g	g	NOUN
fsr-3220	105	16	g	g	PROPN
fsr-3220	105	17	(	(	PUNCT
fsr-3220	105	18	t	t	PROPN
fsr-3220	105	19	ot	ot	INTJ
fsr-3220	105	20	al	al	PROPN
fsr-3220	105	21	bo	bo	PROPN
fsr-3220	105	22	nd	nd	PROPN
fsr-3220	105	23	)	)	PUNCT
fsr-3220	105	24	v	v	ADP
fsr-3220	105	25	e	e	X
fsr-3220	105	26	u	u	PROPN
fsr-3220	105	27	(	(	PUNCT
fsr-3220	105	28	t	t	PROPN
fsr-3220	105	29	ot	ot	INTJ
fsr-3220	105	30	al	al	PROPN
fsr-3220	105	31	w	w	PROPN
fsr-3220	105	32	or	or	CCONJ
fsr-3220	105	33	ld	ld	PROPN
fsr-3220	105	34	e	e	NOUN
fsr-3220	105	35	x	x	PUNCT
fsr-3220	105	36	u	u	NOUN
fsr-3220	105	37	.s	.s	NOUN
fsr-3220	105	38	.	.	PUNCT
fsr-3220	105	39	)	)	PUNCT
fsr-3220	106	1	iy	iy	INTJ
fsr-3220	107	1	r	r	NOUN
fsr-3220	107	2	(	(	PUNCT
fsr-3220	107	3	r	r	NOUN
fsr-3220	107	4	ea	ea	NOUN
fsr-3220	107	5	l	l	NOUN
fsr-3220	107	6	es	es	X
fsr-3220	107	7	ta	ta	X
fsr-3220	107	8	te	te	PROPN
fsr-3220	107	9	)	)	PUNCT
fsr-3220	108	1	d	d	PROPN
fsr-3220	108	2	b	b	X
fsr-3220	108	3	c	c	X
fsr-3220	108	4	(	(	PUNCT
fsr-3220	108	5	c	c	NOUN
fsr-3220	108	6	om	om	PROPN
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fsr-3220	108	8	od	od	PROPN
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fsr-3220	108	10	es	es	PROPN
fsr-3220	108	11	)	)	PUNCT
fsr-3220	108	12	65	65	NUM
fsr-3220	108	13	%	%	NOUN
fsr-3220	108	14	iv	iv	NUM
fsr-3220	108	15	v	v	NOUN
fsr-3220	108	16	/3	/3	SYM
fsr-3220	108	17	5	5	NUM
fsr-3220	108	18	%	%	NOUN
fsr-3220	108	19	a	a	DET
fsr-3220	108	20	g	g	NOUN
fsr-3220	108	21	g	g	PROPN
fsr-3220	108	22	45	45	NUM
fsr-3220	108	23	%	%	NOUN
fsr-3220	108	24	iv	iv	NUM
fsr-3220	108	25	v	v	ADP
fsr-3220	108	26	/1	/1	NOUN
fsr-3220	108	27	0	0	NUM
fsr-3220	108	28	%	%	NOUN
fsr-3220	108	29	v	v	ADP
fsr-3220	108	30	e	e	X
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fsr-3220	108	32	/5	/5	NOUN
fsr-3220	109	1	%	%	INTJ
fsr-3220	110	1	iy	iy	INTJ
fsr-3220	110	2	r	r	NOUN
fsr-3220	110	3	/5	/5	NOUN
fsr-3220	111	1	%	%	INTJ
fsr-3220	111	2	d	d	X
fsr-3220	111	3	b	b	PROPN
fsr-3220	111	4	c	c	X
fsr-3220	111	5	/3	/3	SYM
fsr-3220	111	6	5	5	NUM
fsr-3220	111	7	%	%	NOUN
fsr-3220	111	8	a	a	DET
fsr-3220	111	9	g	g	NOUN
fsr-3220	111	10	g	g	PROPN
fsr-3220	111	11	h	h	NOUN
fsr-3220	112	1	ed	ed	NOUN
fsr-3220	112	2	ge	ge	PROPN
fsr-3220	113	1	d	d	PROPN
fsr-3220	113	2	e	e	PROPN
fsr-3220	113	3	t	t	X
fsr-3220	113	4	fs	fs	ADP
fsr-3220	113	5	1	1	NUM
fsr-3220	113	6	iv	iv	NUM
fsr-3220	113	7	v	v	NOUN
fsr-3220	113	8	(	(	PUNCT
fsr-3220	113	9	s	s	NOUN
fsr-3220	113	10	&	&	CCONJ
fsr-3220	113	11	p	p	NOUN
fsr-3220	113	12	50	50	NUM
fsr-3220	113	13	0	0	NUM
fsr-3220	113	14	)	)	PUNCT
fsr-3220	113	15	�	�	PROPN
fsr-3220	113	16	0	0	NUM
fsr-3220	113	17	.	.	PROPN
fsr-3220	113	18	18	18	NUM
fsr-3220	113	19	35	35	NUM
fsr-3220	113	20	*	*	SYM
fsr-3220	113	21	1	1	NUM
fsr-3220	113	22	a	a	DET
fsr-3220	113	23	g	g	NOUN
fsr-3220	113	24	g	g	PROPN
fsr-3220	113	25	(	(	PUNCT
fsr-3220	113	26	t	t	PROPN
fsr-3220	113	27	ot	ot	INTJ
fsr-3220	113	28	al	al	PROPN
fsr-3220	113	29	bo	bo	PROPN
fsr-3220	113	30	nd	nd	PROPN
fsr-3220	113	31	)	)	PUNCT
fsr-3220	113	32	�	�	PROPN
fsr-3220	113	33	0	0	NUM
fsr-3220	113	34	.	.	NOUN
fsr-3220	113	35	04	04	NUM
fsr-3220	113	36	01	01	NUM
fsr-3220	113	37	�	�	PROPN
fsr-3220	113	38	0	0	NUM
fsr-3220	113	39	.	.	PROPN
fsr-3220	113	40	00	00	NUM
fsr-3220	114	1	54	54	NUM
fsr-3220	114	2	1	1	NUM
fsr-3220	114	3	v	v	NOUN
fsr-3220	114	4	e	e	X
fsr-3220	114	5	u	u	PROPN
fsr-3220	114	6	(	(	PUNCT
fsr-3220	114	7	t	t	PROPN
fsr-3220	114	8	ot	ot	INTJ
fsr-3220	114	9	al	al	PROPN
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fsr-3220	114	11	or	or	CCONJ
fsr-3220	114	12	ld	ld	PROPN
fsr-3220	114	13	e	e	NOUN
fsr-3220	114	14	x	x	PUNCT
fsr-3220	114	15	u	u	NOUN
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fsr-3220	114	17	.	.	PUNCT
fsr-3220	114	18	)	)	PUNCT
fsr-3220	114	19	�	�	PROPN
fsr-3220	114	20	0	0	NUM
fsr-3220	114	21	.	.	PUNCT
fsr-3220	114	22	23	23	NUM
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fsr-3220	114	24	*	*	PUNCT
fsr-3220	114	25	*	*	NOUN
fsr-3220	114	26	0	0	NUM
fsr-3220	114	27	.	.	PUNCT
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fsr-3220	114	30	*	*	PUNCT
fsr-3220	114	31	*	*	PUNCT
fsr-3220	114	32	*	*	PUNCT
fsr-3220	114	33	0	0	NUM
fsr-3220	114	34	.	.	NUM
fsr-3220	114	35	06	06	NUM
fsr-3220	114	36	72	72	NUM
fsr-3220	114	37	1	1	NUM
fsr-3220	114	38	iy	iy	NOUN
fsr-3220	114	39	r	r	NOUN
fsr-3220	114	40	(	(	PUNCT
fsr-3220	114	41	r	r	NOUN
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fsr-3220	114	45	ta	ta	X
fsr-3220	114	46	te	te	PROPN
fsr-3220	114	47	)	)	PUNCT
fsr-3220	114	48	�	�	PROPN
fsr-3220	114	49	0	0	NUM
fsr-3220	114	50	.	.	PUNCT
fsr-3220	114	51	23	23	NUM
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fsr-3220	114	53	*	*	PUNCT
fsr-3220	114	54	*	*	NOUN
fsr-3220	114	55	0	0	NUM
fsr-3220	114	56	.	.	NUM
fsr-3220	114	57	76	76	NUM
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fsr-3220	114	59	*	*	PUNCT
fsr-3220	114	60	*	*	PUNCT
fsr-3220	114	61	*	*	PUNCT
fsr-3220	114	62	0	0	NUM
fsr-3220	114	63	.	.	X
fsr-3220	114	64	23	23	NUM
fsr-3220	114	65	39	39	NUM
fsr-3220	114	66	*	*	PUNCT
fsr-3220	114	67	*	*	NOUN
fsr-3220	114	68	0	0	NUM
fsr-3220	114	69	.	.	X
fsr-3220	114	70	74	74	NUM
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fsr-3220	114	72	*	*	PUNCT
fsr-3220	114	73	*	*	PUNCT
fsr-3220	114	74	*	*	PUNCT
fsr-3220	114	75	1	1	NUM
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fsr-3220	114	77	b	b	X
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fsr-3220	114	79	(	(	PUNCT
fsr-3220	114	80	c	c	NOUN
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fsr-3220	114	86	)	)	PUNCT
fsr-3220	114	87	0	0	NUM
fsr-3220	114	88	.	.	X
fsr-3220	114	89	05	05	NUM
fsr-3220	115	1	92	92	NUM
fsr-3220	115	2	0	0	NUM
fsr-3220	115	3	.	.	PUNCT
fsr-3220	116	1	51	51	NUM
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fsr-3220	117	1	*	*	PUNCT
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fsr-3220	117	3	*	*	PUNCT
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fsr-3220	118	3	.	.	PUNCT
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fsr-3220	119	5	*	*	PUNCT
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fsr-3220	119	14	%	%	NOUN
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fsr-3220	119	25	.	.	PROPN
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fsr-3220	119	29	.	.	PUNCT
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fsr-3220	121	1	*	*	PUNCT
fsr-3220	121	2	0	0	NUM
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fsr-3220	122	3	.	.	NUM
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fsr-3220	124	1	*	*	PUNCT
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fsr-3220	125	2	*	*	PUNCT
fsr-3220	126	1	0	0	X
fsr-3220	126	2	.	.	X
fsr-3220	126	3	79	79	NUM
fsr-3220	126	4	94	94	NUM
fsr-3220	127	1	*	*	PUNCT
fsr-3220	127	2	*	*	PUNCT
fsr-3220	128	1	*	*	PUNCT
fsr-3220	128	2	0	0	NUM
fsr-3220	128	3	.	.	NOUN
fsr-3220	128	4	50	50	NUM
fsr-3220	128	5	69	69	NUM
fsr-3220	128	6	*	*	PUNCT
fsr-3220	128	7	*	*	PUNCT
fsr-3220	128	8	*	*	PUNCT
fsr-3220	128	9	1	1	NUM
fsr-3220	128	10	45	45	NUM
fsr-3220	128	11	%	%	NOUN
fsr-3220	128	12	iv	iv	NUM
fsr-3220	128	13	v	v	ADP
fsr-3220	128	14	/1	/1	NOUN
fsr-3220	128	15	0	0	NUM
fsr-3220	128	16	%	%	NOUN
fsr-3220	128	17	v	v	ADP
fsr-3220	128	18	e	e	X
fsr-3220	128	19	u	u	NOUN
fsr-3220	128	20	/5	/5	NOUN
fsr-3220	129	1	%	%	INTJ
fsr-3220	130	1	iy	iy	INTJ
fsr-3220	130	2	r	r	NOUN
fsr-3220	130	3	/5	/5	NOUN
fsr-3220	131	1	%	%	INTJ
fsr-3220	131	2	d	d	X
fsr-3220	131	3	b	b	PROPN
fsr-3220	131	4	c	c	X
fsr-3220	131	5	/3	/3	SYM
fsr-3220	131	6	5	5	NUM
fsr-3220	131	7	%	%	NOUN
fsr-3220	131	8	a	a	DET
fsr-3220	131	9	g	g	NOUN
fsr-3220	131	10	g	g	PROPN
fsr-3220	131	11	�	�	PROPN
fsr-3220	131	12	0	0	NUM
fsr-3220	131	13	.	.	PROPN
fsr-3220	132	1	19	19	NUM
fsr-3220	132	2	85	85	NUM
fsr-3220	132	3	*	*	NUM
fsr-3220	132	4	0	0	NUM
fsr-3220	132	5	.	.	X
fsr-3220	132	6	96	96	NUM
fsr-3220	132	7	64	64	NUM
fsr-3220	132	8	*	*	PUNCT
fsr-3220	132	9	*	*	PUNCT
fsr-3220	133	1	*	*	PUNCT
fsr-3220	133	2	0	0	NUM
fsr-3220	133	3	.	.	NOUN
fsr-3220	133	4	12	12	NUM
fsr-3220	133	5	98	98	NUM
fsr-3220	133	6	0	0	NUM
fsr-3220	133	7	.	.	PUNCT
fsr-3220	134	1	93	93	NUM
fsr-3220	134	2	45	45	NUM
fsr-3220	134	3	*	*	PUNCT
fsr-3220	134	4	*	*	PUNCT
fsr-3220	135	1	*	*	PUNCT
fsr-3220	135	2	0	0	X
fsr-3220	135	3	.	.	NOUN
fsr-3220	135	4	83	83	NUM
fsr-3220	136	1	33	33	NUM
fsr-3220	136	2	*	*	PUNCT
fsr-3220	137	1	*	*	PUNCT
fsr-3220	138	1	*	*	PUNCT
fsr-3220	138	2	0	0	NUM
fsr-3220	138	3	.	.	X
fsr-3220	139	1	56	56	NUM
fsr-3220	139	2	00	00	PUNCT
fsr-3220	140	1	*	*	PUNCT
fsr-3220	141	1	*	*	PUNCT
fsr-3220	141	2	*	*	PUNCT
fsr-3220	142	1	0	0	NUM
fsr-3220	142	2	.	.	NOUN
fsr-3220	142	3	98	98	NUM
fsr-3220	142	4	50	50	NUM
fsr-3220	142	5	*	*	PUNCT
fsr-3220	142	6	*	*	PUNCT
fsr-3220	142	7	*	*	PUNCT
fsr-3220	142	8	1	1	NUM
fsr-3220	142	9	*	*	PUNCT
fsr-3220	142	10	si	si	PROPN
fsr-3220	142	11	gn	gn	PROPN
fsr-3220	142	12	ifi	ifi	PROPN
fsr-3220	142	13	ca	can	AUX
fsr-3220	142	14	nt	not	PART
fsr-3220	142	15	at	at	ADP
fsr-3220	142	16	10	10	NUM
fsr-3220	142	17	%	%	NOUN
fsr-3220	142	18	;	;	PUNCT
fsr-3220	142	19	*	*	PUNCT
fsr-3220	142	20	*	*	PUNCT
fsr-3220	142	21	si	si	PROPN
fsr-3220	142	22	gn	gn	PROPN
fsr-3220	142	23	ifi	ifi	PROPN
fsr-3220	142	24	ca	can	AUX
fsr-3220	142	25	nt	not	PART
fsr-3220	142	26	at	at	ADP
fsr-3220	142	27	5	5	NUM
fsr-3220	142	28	%	%	NOUN
fsr-3220	142	29	;	;	PUNCT
fsr-3220	142	30	*	*	PUNCT
fsr-3220	142	31	*	*	PUNCT
fsr-3220	142	32	*	*	PUNCT
fsr-3220	142	33	si	si	PROPN
fsr-3220	142	34	gn	gn	PROPN
fsr-3220	142	35	ifi	ifi	PROPN
fsr-3220	142	36	ca	can	AUX
fsr-3220	142	37	nt	not	PART
fsr-3220	142	38	at	at	ADP
fsr-3220	142	39	1	1	NUM
fsr-3220	142	40	%	%	NOUN
fsr-3220	142	41	.	.	PUNCT
fsr-3220	143	1	186	186	NUM
fsr-3220	143	2	s.	s.	PROPN
fsr-3220	143	3	kanuri	kanuri	PROPN
fsr-3220	143	4	/	/	SYM
fsr-3220	143	5	financial	financial	ADJ
fsr-3220	143	6	services	service	NOUN
fsr-3220	143	7	review	review	VERB
fsr-3220	143	8	25	25	NUM
fsr-3220	143	9	(	(	PUNCT
fsr-3220	143	10	2016	2016	NUM
fsr-3220	143	11	)	)	PUNCT
fsr-3220	143	12	181–198	181–198	NUM
fsr-3220	143	13	shares	share	NOUN
fsr-3220	143	14	db	db	VERB
fsr-3220	143	15	commodity	commodity	NOUN
fsr-3220	143	16	tracking	track	VERB
fsr-3220	143	17	etf	etf	NOUN
fsr-3220	143	18	)	)	PUNCT
fsr-3220	143	19	and	and	CCONJ
fsr-3220	143	20	had	have	VERB
fsr-3220	143	21	negative	negative	ADJ
fsr-3220	143	22	average	average	ADJ
fsr-3220	143	23	annualized	annualize	VERB
fsr-3220	143	24	returns	return	NOUN
fsr-3220	143	25	(	(	PUNCT
fsr-3220	143	26	both	both	CCONJ
fsr-3220	143	27	geometric	geometric	ADJ
fsr-3220	143	28	and	and	CCONJ
fsr-3220	143	29	arithmetic	arithmetic	ADJ
fsr-3220	143	30	)	)	PUNCT
fsr-3220	143	31	.	.	PUNCT
fsr-3220	144	1	however	however	ADV
fsr-3220	144	2	,	,	PUNCT
fsr-3220	144	3	standard	standard	ADJ
fsr-3220	144	4	deviation	deviation	NOUN
fsr-3220	144	5	of	of	ADP
fsr-3220	144	6	annualized	annualize	VERB
fsr-3220	144	7	returns	return	NOUN
fsr-3220	144	8	for	for	ADP
fsr-3220	144	9	hedged	hedge	VERB
fsr-3220	144	10	etf	etf	NOUN
fsr-3220	144	11	portfolio	portfolio	NOUN
fsr-3220	144	12	was	be	AUX
fsr-3220	144	13	much	much	ADV
fsr-3220	144	14	lower	low	ADJ
fsr-3220	144	15	than	than	ADP
fsr-3220	144	16	all	all	DET
fsr-3220	144	17	asset	asset	NOUN
fsr-3220	144	18	categories	category	NOUN
fsr-3220	144	19	with	with	ADP
fsr-3220	144	20	the	the	DET
fsr-3220	144	21	exception	exception	NOUN
fsr-3220	144	22	of	of	ADP
fsr-3220	144	23	barclays	barclay	NOUN
fsr-3220	144	24	aggregate	aggregate	ADJ
fsr-3220	144	25	bond	bond	NOUN
fsr-3220	144	26	market	market	NOUN
fsr-3220	144	27	etf	etf	NOUN
fsr-3220	144	28	(	(	PUNCT
fsr-3220	144	29	agg	agg	PROPN
fsr-3220	144	30	)	)	PUNCT
fsr-3220	144	31	.	.	PUNCT
fsr-3220	145	1	following	follow	VERB
fsr-3220	145	2	woolridge	woolridge	NOUN
fsr-3220	145	3	(	(	PUNCT
fsr-3220	145	4	2004	2004	NUM
fsr-3220	145	5	)	)	PUNCT
fsr-3220	145	6	,	,	PUNCT
fsr-3220	145	7	i	i	PRON
fsr-3220	145	8	also	also	ADV
fsr-3220	145	9	compute	compute	VERB
fsr-3220	145	10	the	the	DET
fsr-3220	145	11	cumulative	cumulative	ADJ
fsr-3220	145	12	wealth	wealth	NOUN
fsr-3220	145	13	index	index	NOUN
fsr-3220	145	14	(	(	PUNCT
fsr-3220	145	15	cwi	cwi	NOUN
fsr-3220	145	16	)	)	PUNCT
fsr-3220	145	17	for	for	ADP
fsr-3220	145	18	each	each	DET
fsr-3220	145	19	category	category	NOUN
fsr-3220	145	20	.	.	PUNCT
fsr-3220	146	1	the	the	DET
fsr-3220	146	2	cwi	cwi	NOUN
fsr-3220	146	3	measures	measure	VERB
fsr-3220	146	4	the	the	DET
fsr-3220	146	5	outcome	outcome	NOUN
fsr-3220	146	6	of	of	ADP
fsr-3220	146	7	investing	invest	VERB
fsr-3220	146	8	$	$	SYM
fsr-3220	146	9	1,000	1,000	NUM
fsr-3220	146	10	in	in	ADP
fsr-3220	146	11	each	each	DET
fsr-3220	146	12	category	category	NOUN
fsr-3220	146	13	at	at	ADP
fsr-3220	146	14	the	the	DET
fsr-3220	146	15	beginning	beginning	NOUN
fsr-3220	146	16	of	of	ADP
fsr-3220	146	17	january	january	PROPN
fsr-3220	146	18	2008	2008	NUM
fsr-3220	146	19	,	,	PUNCT
fsr-3220	146	20	presuming	presume	VERB
fsr-3220	146	21	reinvestment	reinvestment	NOUN
fsr-3220	146	22	of	of	ADP
fsr-3220	146	23	dividends	dividend	NOUN
fsr-3220	146	24	.	.	PUNCT
fsr-3220	147	1	investors	investor	NOUN
fsr-3220	147	2	who	who	PRON
fsr-3220	147	3	would	would	AUX
fsr-3220	147	4	have	have	AUX
fsr-3220	147	5	invested	invest	VERB
fsr-3220	147	6	in	in	ADP
fsr-3220	147	7	hedged	hedge	VERB
fsr-3220	147	8	etfs	etfs	NOUN
fsr-3220	147	9	would	would	AUX
fsr-3220	147	10	have	have	AUX
fsr-3220	147	11	lost	lose	VERB
fsr-3220	147	12	the	the	DET
fsr-3220	147	13	most	most	ADJ
fsr-3220	147	14	money	money	NOUN
fsr-3220	147	15	compared	compare	VERB
fsr-3220	147	16	with	with	ADP
fsr-3220	147	17	other	other	ADJ
fsr-3220	147	18	categories	category	NOUN
fsr-3220	147	19	(	(	PUNCT
fsr-3220	147	20	with	with	ADP
fsr-3220	147	21	the	the	DET
fsr-3220	147	22	exception	exception	NOUN
fsr-3220	147	23	of	of	ADP
fsr-3220	147	24	commodities	commodity	NOUN
fsr-3220	147	25	index	index	NOUN
fsr-3220	147	26	etf	etf	NOUN
fsr-3220	147	27	which	which	PRON
fsr-3220	147	28	lost	lose	VERB
fsr-3220	147	29	40.56	40.56	NUM
fsr-3220	147	30	%	%	NOUN
fsr-3220	147	31	during	during	ADP
fsr-3220	147	32	this	this	DET
fsr-3220	147	33	time	time	NOUN
fsr-3220	147	34	period	period	NOUN
fsr-3220	147	35	)	)	PUNCT
fsr-3220	147	36	.	.	PUNCT
fsr-3220	148	1	6.3	6.3	NUM
fsr-3220	148	2	.	.	PUNCT
fsr-3220	149	1	risk	risk	NOUN
fsr-3220	149	2	adjusted	adjust	VERB
fsr-3220	149	3	performance	performance	NOUN
fsr-3220	149	4	a	a	DET
fsr-3220	149	5	portfolio	portfolio	NOUN
fsr-3220	149	6	may	may	AUX
fsr-3220	149	7	have	have	VERB
fsr-3220	149	8	higher	high	ADJ
fsr-3220	149	9	returns	return	NOUN
fsr-3220	149	10	,	,	PUNCT
fsr-3220	149	11	but	but	CCONJ
fsr-3220	149	12	it	it	PRON
fsr-3220	149	13	could	could	AUX
fsr-3220	149	14	have	have	AUX
fsr-3220	149	15	achieved	achieve	VERB
fsr-3220	149	16	them	they	PRON
fsr-3220	149	17	by	by	ADP
fsr-3220	149	18	taking	take	VERB
fsr-3220	149	19	higher	high	ADJ
fsr-3220	149	20	risk	risk	NOUN
fsr-3220	149	21	.	.	PUNCT
fsr-3220	150	1	therefore	therefore	ADV
fsr-3220	150	2	,	,	PUNCT
fsr-3220	150	3	we	we	PRON
fsr-3220	150	4	compute	compute	VERB
fsr-3220	150	5	risk	risk	NOUN
fsr-3220	150	6	adjusted	adjust	VERB
fsr-3220	150	7	performance	performance	NOUN
fsr-3220	150	8	to	to	PART
fsr-3220	150	9	compare	compare	VERB
fsr-3220	150	10	the	the	DET
fsr-3220	150	11	different	different	ADJ
fsr-3220	150	12	portfolios	portfolio	NOUN
fsr-3220	150	13	.	.	PUNCT
fsr-3220	151	1	table	table	NOUN
fsr-3220	151	2	4	4	NUM
fsr-3220	151	3	shows	show	VERB
fsr-3220	151	4	the	the	DET
fsr-3220	151	5	average	average	ADJ
fsr-3220	151	6	monthly	monthly	ADJ
fsr-3220	151	7	returns	return	NOUN
fsr-3220	151	8	,	,	PUNCT
fsr-3220	151	9	median	median	ADJ
fsr-3220	151	10	monthly	monthly	ADJ
fsr-3220	151	11	returns	return	NOUN
fsr-3220	151	12	,	,	PUNCT
fsr-3220	151	13	standard	standard	ADJ
fsr-3220	151	14	deviation	deviation	NOUN
fsr-3220	151	15	of	of	ADP
fsr-3220	151	16	monthly	monthly	ADJ
fsr-3220	151	17	returns	return	NOUN
fsr-3220	151	18	,	,	PUNCT
fsr-3220	151	19	and	and	CCONJ
fsr-3220	151	20	cumulative	cumulative	ADJ
fsr-3220	151	21	returns	return	NOUN
fsr-3220	151	22	(	(	PUNCT
fsr-3220	151	23	january	january	PROPN
fsr-3220	151	24	2008	2008	NUM
fsr-3220	151	25	through	through	ADP
fsr-3220	151	26	december	december	PROPN
fsr-3220	151	27	2014	2014	NUM
fsr-3220	151	28	)	)	PUNCT
fsr-3220	151	29	for	for	ADP
fsr-3220	151	30	equally	equally	ADV
fsr-3220	151	31	weighted	weight	VERB
fsr-3220	151	32	hedged	hedge	VERB
fsr-3220	151	33	etf	etf	NOUN
fsr-3220	151	34	portfolio	portfolio	NOUN
fsr-3220	151	35	and	and	CCONJ
fsr-3220	151	36	other	other	ADJ
fsr-3220	151	37	index	index	NOUN
fsr-3220	151	38	etfs	etfs	NOUN
fsr-3220	151	39	for	for	ADP
fsr-3220	151	40	the	the	DET
fsr-3220	151	41	period	period	NOUN
fsr-3220	151	42	of	of	ADP
fsr-3220	151	43	our	our	PRON
fsr-3220	151	44	study	study	NOUN
fsr-3220	151	45	january	january	PROPN
fsr-3220	151	46	2008	2008	NUM
fsr-3220	151	47	through	through	ADP
fsr-3220	151	48	december	december	PROPN
fsr-3220	151	49	2014	2014	NUM
fsr-3220	151	50	average	average	ADJ
fsr-3220	151	51	monthly	monthly	ADJ
fsr-3220	151	52	median	median	ADJ
fsr-3220	151	53	returns	return	NOUN
fsr-3220	151	54	standard	standard	ADJ
fsr-3220	151	55	deviation	deviation	NOUN
fsr-3220	151	56	cumulative	cumulative	ADJ
fsr-3220	151	57	returns	return	NOUN
fsr-3220	151	58	(	(	PUNCT
fsr-3220	151	59	january	january	PROPN
fsr-3220	151	60	2008	2008	NUM
fsr-3220	151	61	through	through	ADP
fsr-3220	151	62	december	december	PROPN
fsr-3220	151	63	p	p	NOUN
fsr-3220	151	64	value	value	NOUN
fsr-3220	151	65	of	of	ADP
fsr-3220	151	66	average	average	ADJ
fsr-3220	151	67	returns	return	NOUN
fsr-3220	151	68	hedged	hedge	VERB
fsr-3220	151	69	etfs	etfs	PROPN
fsr-3220	151	70	�	�	PROPN
fsr-3220	151	71	0.12	0.12	NUM
fsr-3220	151	72	%	%	NOUN
fsr-3220	151	73	�	�	NOUN
fsr-3220	151	74	0.22	0.22	NUM
fsr-3220	151	75	%	%	NOUN
fsr-3220	151	76	3.51	3.51	NUM
fsr-3220	151	77	%	%	NOUN
fsr-3220	151	78	�	�	PROPN
fsr-3220	151	79	13.94	13.94	NUM
fsr-3220	151	80	%	%	NOUN
fsr-3220	151	81	0.008	0.008	NUM
fsr-3220	151	82	*	*	NOUN
fsr-3220	151	83	*	*	PUNCT
fsr-3220	151	84	*	*	PUNCT
fsr-3220	151	85	ivv	ivv	PROPN
fsr-3220	151	86	(	(	PUNCT
fsr-3220	151	87	s&p	s&p	PROPN
fsr-3220	151	88	500	500	NUM
fsr-3220	151	89	)	)	PUNCT
fsr-3220	151	90	0.70	0.70	NUM
fsr-3220	151	91	%	%	NOUN
fsr-3220	151	92	1.41	1.41	NUM
fsr-3220	151	93	%	%	NOUN
fsr-3220	151	94	4.85	4.85	NUM
fsr-3220	151	95	%	%	NOUN
fsr-3220	151	96	62.91	62.91	NUM
fsr-3220	151	97	%	%	NOUN
fsr-3220	151	98	0.011	0.011	NUM
fsr-3220	151	99	*	*	PROPN
fsr-3220	151	100	*	*	PUNCT
fsr-3220	151	101	agg	agg	PROPN
fsr-3220	151	102	(	(	PUNCT
fsr-3220	151	103	total	total	ADJ
fsr-3220	151	104	bond	bond	NOUN
fsr-3220	151	105	)	)	PUNCT
fsr-3220	151	106	0.38	0.38	NUM
fsr-3220	151	107	%	%	NOUN
fsr-3220	151	108	0.32	0.32	NUM
fsr-3220	151	109	%	%	NOUN
fsr-3220	151	110	1.00	1.00	NUM
fsr-3220	151	111	%	%	NOUN
fsr-3220	151	112	37.43	37.43	NUM
fsr-3220	151	113	%	%	NOUN
fsr-3220	151	114	0.002	0.002	NUM
fsr-3220	151	115	*	*	PUNCT
fsr-3220	151	116	*	*	PUNCT
fsr-3220	151	117	*	*	PUNCT
fsr-3220	151	118	veu	veu	PROPN
fsr-3220	151	119	(	(	PUNCT
fsr-3220	151	120	total	total	ADJ
fsr-3220	151	121	world	world	NOUN
fsr-3220	151	122	ex	ex	PROPN
fsr-3220	151	123	u.s	u.s	PROPN
fsr-3220	151	124	.	.	PROPN
fsr-3220	151	125	)	)	PUNCT
fsr-3220	151	126	0.17	0.17	NUM
fsr-3220	151	127	%	%	NOUN
fsr-3220	151	128	0.50	0.50	NUM
fsr-3220	151	129	%	%	NOUN
fsr-3220	151	130	6.35	6.35	NUM
fsr-3220	151	131	%	%	NOUN
fsr-3220	151	132	�	�	NOUN
fsr-3220	151	133	2.87	2.87	NUM
fsr-3220	151	134	%	%	NOUN
fsr-3220	151	135	0.014	0.014	NUM
fsr-3220	151	136	*	*	PUNCT
fsr-3220	151	137	*	*	PUNCT
fsr-3220	151	138	iyr	iyr	ADJ
fsr-3220	151	139	(	(	PUNCT
fsr-3220	151	140	real	real	ADJ
fsr-3220	151	141	estate	estate	NOUN
fsr-3220	151	142	)	)	PUNCT
fsr-3220	151	143	0.87	0.87	NUM
fsr-3220	151	144	%	%	NOUN
fsr-3220	151	145	2.02	2.02	NUM
fsr-3220	151	146	%	%	NOUN
fsr-3220	151	147	7.93	7.93	NUM
fsr-3220	151	148	%	%	NOUN
fsr-3220	151	149	57.78	57.78	NUM
fsr-3220	151	150	%	%	NOUN
fsr-3220	151	151	0.017	0.017	NUM
fsr-3220	151	152	*	*	PUNCT
fsr-3220	151	153	*	*	PUNCT
fsr-3220	151	154	dbc	dbc	X
fsr-3220	151	155	(	(	PUNCT
fsr-3220	151	156	commodities	commodity	NOUN
fsr-3220	151	157	)	)	PUNCT
fsr-3220	151	158	�	�	NOUN
fsr-3220	151	159	0.42	0.42	NUM
fsr-3220	151	160	%	%	NOUN
fsr-3220	151	161	�	�	NOUN
fsr-3220	151	162	0.30	0.30	NUM
fsr-3220	151	163	%	%	NOUN
fsr-3220	151	164	6.20	6.20	NUM
fsr-3220	151	165	%	%	NOUN
fsr-3220	151	166	�	�	PROPN
fsr-3220	151	167	40.56	40.56	NUM
fsr-3220	151	168	%	%	NOUN
fsr-3220	151	169	0.013	0.013	NUM
fsr-3220	151	170	*	*	NOUN
fsr-3220	151	171	*	*	PROPN
fsr-3220	151	172	65	65	NUM
fsr-3220	151	173	%	%	NOUN
fsr-3220	151	174	ivv/35	ivv/35	PROPN
fsr-3220	151	175	%	%	NOUN
fsr-3220	151	176	agg	agg	PROPN
fsr-3220	151	177	0.59	0.59	NUM
fsr-3220	151	178	%	%	NOUN
fsr-3220	151	179	1.17	1.17	NUM
fsr-3220	151	180	%	%	NOUN
fsr-3220	151	181	3.19	3.19	NUM
fsr-3220	151	182	%	%	NOUN
fsr-3220	151	183	57.12	57.12	NUM
fsr-3220	151	184	%	%	NOUN
fsr-3220	151	185	0.007	0.007	NUM
fsr-3220	151	186	*	*	PUNCT
fsr-3220	151	187	*	*	PUNCT
fsr-3220	151	188	*	*	PUNCT
fsr-3220	151	189	45	45	NUM
fsr-3220	151	190	%	%	NOUN
fsr-3220	151	191	ivv/10	ivv/10	ADJ
fsr-3220	151	192	%	%	NOUN
fsr-3220	151	193	veu/5	veu/5	PROPN
fsr-3220	151	194	%	%	NOUN
fsr-3220	151	195	iyr/5	iyr/5	ADJ
fsr-3220	151	196	%	%	NOUN
fsr-3220	151	197	dbc/35	dbc/35	NOUN
fsr-3220	151	198	%	%	NOUN
fsr-3220	151	199	agg	agg	NOUN
fsr-3220	151	200	0.49	0.49	NUM
fsr-3220	151	201	%	%	NOUN
fsr-3220	151	202	0.94	0.94	NUM
fsr-3220	151	203	%	%	NOUN
fsr-3220	151	204	3.35	3.35	NUM
fsr-3220	151	205	%	%	NOUN
fsr-3220	151	206	43.78	43.78	NUM
fsr-3220	151	207	%	%	NOUN
fsr-3220	151	208	0.007	0.007	NUM
fsr-3220	151	209	*	*	PUNCT
fsr-3220	151	210	*	*	PUNCT
fsr-3220	151	211	*	*	PUNCT
fsr-3220	151	212	*	*	PUNCT
fsr-3220	151	213	significant	significant	ADJ
fsr-3220	151	214	at	at	ADP
fsr-3220	151	215	10	10	NUM
fsr-3220	151	216	%	%	NOUN
fsr-3220	151	217	;	;	PUNCT
fsr-3220	151	218	*	*	PUNCT
fsr-3220	151	219	*	*	PUNCT
fsr-3220	151	220	significant	significant	ADJ
fsr-3220	151	221	at	at	ADP
fsr-3220	151	222	5	5	NUM
fsr-3220	151	223	%	%	NOUN
fsr-3220	151	224	;	;	PUNCT
fsr-3220	151	225	*	*	PUNCT
fsr-3220	151	226	*	*	PUNCT
fsr-3220	151	227	*	*	PUNCT
fsr-3220	151	228	significant	significant	ADJ
fsr-3220	151	229	at	at	ADP
fsr-3220	151	230	1	1	NUM
fsr-3220	151	231	%	%	NOUN
fsr-3220	151	232	.	.	PUNCT
fsr-3220	152	1	table	table	NOUN
fsr-3220	152	2	5a	5a	NUM
fsr-3220	152	3	shows	show	VERB
fsr-3220	152	4	the	the	DET
fsr-3220	152	5	annualized	annualize	VERB
fsr-3220	152	6	returns	return	NOUN
fsr-3220	152	7	every	every	DET
fsr-3220	152	8	year	year	NOUN
fsr-3220	152	9	,	,	PUNCT
fsr-3220	152	10	average	average	ADJ
fsr-3220	152	11	annual	annual	ADJ
fsr-3220	152	12	returns	return	NOUN
fsr-3220	152	13	(	(	PUNCT
fsr-3220	152	14	both	both	CCONJ
fsr-3220	152	15	arithmetic	arithmetic	ADJ
fsr-3220	152	16	and	and	CCONJ
fsr-3220	152	17	geometric	geometric	ADJ
fsr-3220	152	18	)	)	PUNCT
fsr-3220	152	19	,	,	PUNCT
fsr-3220	152	20	and	and	CCONJ
fsr-3220	152	21	standard	standard	ADJ
fsr-3220	152	22	deviation	deviation	NOUN
fsr-3220	152	23	of	of	ADP
fsr-3220	152	24	annual	annual	ADJ
fsr-3220	152	25	returns	return	NOUN
fsr-3220	152	26	for	for	ADP
fsr-3220	152	27	equally	equally	ADV
fsr-3220	152	28	weighted	weight	VERB
fsr-3220	152	29	hedged	hedge	VERB
fsr-3220	152	30	etf	etf	NOUN
fsr-3220	152	31	portfolio	portfolio	NOUN
fsr-3220	152	32	and	and	CCONJ
fsr-3220	152	33	other	other	ADJ
fsr-3220	152	34	index	index	NOUN
fsr-3220	152	35	etfs	etfs	NOUN
fsr-3220	152	36	for	for	ADP
fsr-3220	152	37	the	the	DET
fsr-3220	152	38	period	period	NOUN
fsr-3220	152	39	of	of	ADP
fsr-3220	152	40	our	our	PRON
fsr-3220	152	41	study	study	NOUN
fsr-3220	152	42	(	(	PUNCT
fsr-3220	152	43	2008–2014	2008–2014	NOUN
fsr-3220	152	44	)	)	PUNCT
fsr-3220	152	45	annual	annual	ADJ
fsr-3220	152	46	returns	return	NOUN
fsr-3220	152	47	hedged	hedge	VERB
fsr-3220	152	48	etfs	etfs	PROPN
fsr-3220	152	49	ivv	ivv	VERB
fsr-3220	152	50	agg	agg	PROPN
fsr-3220	152	51	veu	veu	PROPN
fsr-3220	152	52	iyr	iyr	PROPN
fsr-3220	152	53	dbc	dbc	PROPN
fsr-3220	153	1	65	65	NUM
fsr-3220	153	2	%	%	NOUN
fsr-3220	153	3	ivv/35	ivv/35	PROPN
fsr-3220	153	4	%	%	NOUN
fsr-3220	153	5	agg	agg	PROPN
fsr-3220	153	6	45	45	NUM
fsr-3220	153	7	%	%	NOUN
fsr-3220	153	8	ivv/10	ivv/10	ADJ
fsr-3220	153	9	%	%	NOUN
fsr-3220	153	10	veu/5	veu/5	PROPN
fsr-3220	153	11	%	%	NOUN
fsr-3220	153	12	iyr/5	iyr/5	ADJ
fsr-3220	153	13	%	%	NOUN
fsr-3220	153	14	dbc/35	dbc/35	NOUN
fsr-3220	153	15	%	%	NOUN
fsr-3220	153	16	agg	agg	PROPN
fsr-3220	153	17	2008	2008	NUM
fsr-3220	153	18	2.68	2.68	NUM
fsr-3220	153	19	%	%	NOUN
fsr-3220	153	20	�	�	NOUN
fsr-3220	153	21	36.95	36.95	NUM
fsr-3220	153	22	%	%	NOUN
fsr-3220	153	23	5.88	5.88	NUM
fsr-3220	153	24	%	%	NOUN
fsr-3220	153	25	�	�	NOUN
fsr-3220	153	26	44.02	44.02	NUM
fsr-3220	153	27	%	%	NOUN
fsr-3220	153	28	�	�	NOUN
fsr-3220	153	29	40.02	40.02	NUM
fsr-3220	153	30	%	%	NOUN
fsr-3220	153	31	�	�	NOUN
fsr-3220	153	32	30.80	30.80	NUM
fsr-3220	153	33	%	%	NOUN
fsr-3220	153	34	�	�	NOUN
fsr-3220	153	35	23.85	23.85	NUM
fsr-3220	153	36	%	%	NOUN
fsr-3220	153	37	�	�	NOUN
fsr-3220	153	38	24.10	24.10	NUM
fsr-3220	153	39	%	%	NOUN
fsr-3220	153	40	2009	2009	NUM
fsr-3220	153	41	�	�	PROPN
fsr-3220	153	42	4.69	4.69	NUM
fsr-3220	153	43	%	%	NOUN
fsr-3220	153	44	26.43	26.43	NUM
fsr-3220	153	45	%	%	NOUN
fsr-3220	153	46	5.14	5.14	NUM
fsr-3220	153	47	%	%	NOUN
fsr-3220	153	48	38.89	38.89	NUM
fsr-3220	153	49	%	%	NOUN
fsr-3220	153	50	30.14	30.14	NUM
fsr-3220	153	51	%	%	NOUN
fsr-3220	153	52	15.08	15.08	NUM
fsr-3220	153	53	%	%	NOUN
fsr-3220	153	54	19.08	19.08	NUM
fsr-3220	153	55	%	%	NOUN
fsr-3220	153	56	20.27	20.27	NUM
fsr-3220	153	57	%	%	NOUN
fsr-3220	153	58	2010	2010	NUM
fsr-3220	153	59	�	�	NOUN
fsr-3220	153	60	2.77	2.77	NUM
fsr-3220	153	61	%	%	NOUN
fsr-3220	153	62	14.96	14.96	NUM
fsr-3220	153	63	%	%	NOUN
fsr-3220	153	64	6.30	6.30	NUM
fsr-3220	153	65	%	%	NOUN
fsr-3220	153	66	11.85	11.85	NUM
fsr-3220	153	67	%	%	NOUN
fsr-3220	153	68	26.36	26.36	NUM
fsr-3220	153	69	%	%	NOUN
fsr-3220	153	70	11.86	11.86	NUM
fsr-3220	153	71	%	%	NOUN
fsr-3220	153	72	12.37	12.37	NUM
fsr-3220	153	73	%	%	NOUN
fsr-3220	153	74	12.53	12.53	NUM
fsr-3220	153	75	%	%	NOUN
fsr-3220	153	76	2011	2011	NUM
fsr-3220	153	77	�	�	PROPN
fsr-3220	153	78	5.27	5.27	NUM
fsr-3220	153	79	%	%	NOUN
fsr-3220	153	80	2.03	2.03	NUM
fsr-3220	153	81	%	%	NOUN
fsr-3220	153	82	7.58	7.58	NUM
fsr-3220	153	83	%	%	NOUN
fsr-3220	153	84	�	�	PROPN
fsr-3220	153	85	14.25	14.25	NUM
fsr-3220	153	86	%	%	NOUN
fsr-3220	153	87	5.63	5.63	NUM
fsr-3220	153	88	%	%	NOUN
fsr-3220	153	89	�	�	NOUN
fsr-3220	153	90	2.71	2.71	NUM
fsr-3220	153	91	%	%	NOUN
fsr-3220	153	92	4.24	4.24	NUM
fsr-3220	153	93	%	%	NOUN
fsr-3220	153	94	2.50	2.50	NUM
fsr-3220	153	95	%	%	NOUN
fsr-3220	153	96	2012	2012	NUM
fsr-3220	153	97	�	�	PROPN
fsr-3220	153	98	4.20	4.20	NUM
fsr-3220	153	99	%	%	NOUN
fsr-3220	153	100	15.91	15.91	NUM
fsr-3220	153	101	%	%	NOUN
fsr-3220	153	102	4.04	4.04	NUM
fsr-3220	153	103	%	%	NOUN
fsr-3220	153	104	18.55	18.55	NUM
fsr-3220	153	105	%	%	NOUN
fsr-3220	153	106	18.36	18.36	NUM
fsr-3220	153	107	%	%	NOUN
fsr-3220	153	108	3.31	3.31	NUM
fsr-3220	153	109	%	%	NOUN
fsr-3220	153	110	11.78	11.78	NUM
fsr-3220	153	111	%	%	NOUN
fsr-3220	153	112	11.61	11.61	NUM
fsr-3220	153	113	%	%	NOUN
fsr-3220	153	114	2013	2013	NUM
fsr-3220	153	115	0.83	0.83	NUM
fsr-3220	153	116	%	%	NOUN
fsr-3220	153	117	32.31	32.31	NUM
fsr-3220	153	118	%	%	NOUN
fsr-3220	153	119	�	�	NOUN
fsr-3220	153	120	2.15	2.15	NUM
fsr-3220	153	121	%	%	NOUN
fsr-3220	153	122	14.50	14.50	NUM
fsr-3220	153	123	%	%	NOUN
fsr-3220	153	124	1.05	1.05	NUM
fsr-3220	153	125	%	%	NOUN
fsr-3220	153	126	�	�	PROPN
fsr-3220	153	127	7.57	7.57	NUM
fsr-3220	153	128	%	%	NOUN
fsr-3220	153	129	19.23	19.23	NUM
fsr-3220	153	130	%	%	NOUN
fsr-3220	153	131	13.96	13.96	NUM
fsr-3220	153	132	%	%	NOUN
fsr-3220	153	133	2014	2014	NUM
fsr-3220	153	134	�	�	NOUN
fsr-3220	153	135	1.16	1.16	NUM
fsr-3220	153	136	%	%	NOUN
fsr-3220	153	137	13.62	13.62	NUM
fsr-3220	153	138	%	%	NOUN
fsr-3220	153	139	6.04	6.04	NUM
fsr-3220	153	140	%	%	NOUN
fsr-3220	153	141	�	�	PROPN
fsr-3220	153	142	4.05	4.05	NUM
fsr-3220	153	143	%	%	NOUN
fsr-3220	153	144	26.62	26.62	NUM
fsr-3220	153	145	%	%	NOUN
fsr-3220	153	146	�	�	NOUN
fsr-3220	153	147	28.18	28.18	NUM
fsr-3220	153	148	%	%	NOUN
fsr-3220	153	149	10.99	10.99	NUM
fsr-3220	153	150	%	%	NOUN
fsr-3220	153	151	7.36	7.36	NUM
fsr-3220	153	152	%	%	NOUN
fsr-3220	153	153	arithmetic	arithmetic	ADJ
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fsr-3220	153	156	2.08	2.08	NUM
fsr-3220	153	157	%	%	NOUN
fsr-3220	153	158	9.76	9.76	NUM
fsr-3220	153	159	%	%	NOUN
fsr-3220	153	160	4.69	4.69	NUM
fsr-3220	153	161	%	%	NOUN
fsr-3220	153	162	3.07	3.07	NUM
fsr-3220	153	163	%	%	NOUN
fsr-3220	153	164	9.73	9.73	NUM
fsr-3220	153	165	%	%	NOUN
fsr-3220	153	166	�	�	PROPN
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fsr-3220	153	168	%	%	NOUN
fsr-3220	153	169	7.69	7.69	NUM
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fsr-3220	153	171	6.30	6.30	NUM
fsr-3220	153	172	%	%	NOUN
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fsr-3220	153	177	%	%	NOUN
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fsr-3220	153	179	%	%	NOUN
fsr-3220	153	180	4.65	4.65	NUM
fsr-3220	153	181	%	%	NOUN
fsr-3220	153	182	�	�	NOUN
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fsr-3220	153	184	%	%	NOUN
fsr-3220	153	185	6.73	6.73	NUM
fsr-3220	153	186	%	%	NOUN
fsr-3220	153	187	�	�	NOUN
fsr-3220	153	188	7.16	7.16	NUM
fsr-3220	153	189	%	%	NOUN
fsr-3220	153	190	6.67	6.67	NUM
fsr-3220	153	191	%	%	NOUN
fsr-3220	153	192	5.32	5.32	NUM
fsr-3220	153	193	%	%	NOUN
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fsr-3220	153	197	%	%	NOUN
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fsr-3220	153	199	%	%	NOUN
fsr-3220	153	200	3.20	3.20	NUM
fsr-3220	153	201	%	%	NOUN
fsr-3220	153	202	26.77	26.77	NUM
fsr-3220	153	203	%	%	NOUN
fsr-3220	153	204	24.56	24.56	NUM
fsr-3220	153	205	%	%	NOUN
fsr-3220	153	206	18.12	18.12	NUM
fsr-3220	153	207	%	%	NOUN
fsr-3220	153	208	14.83	14.83	NUM
fsr-3220	153	209	%	%	NOUN
fsr-3220	153	210	14.49	14.49	NUM
fsr-3220	153	211	%	%	NOUN
fsr-3220	153	212	187s	187	NOUN
fsr-3220	153	213	.	.	PUNCT
fsr-3220	154	1	kanuri	kanuri	PROPN
fsr-3220	154	2	/	/	SYM
fsr-3220	154	3	financial	financial	ADJ
fsr-3220	154	4	services	service	NOUN
fsr-3220	154	5	review	review	VERB
fsr-3220	154	6	25	25	NUM
fsr-3220	154	7	(	(	PUNCT
fsr-3220	154	8	2016	2016	NUM
fsr-3220	154	9	)	)	PUNCT
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fsr-3220	154	11	t	t	PROPN
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fsr-3220	154	14	5b	5b	PROPN
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fsr-3220	156	1	ow	ow	INTJ
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fsr-3220	156	3	th	th	X
fsr-3220	156	4	e	e	X
fsr-3220	156	5	c	c	X
fsr-3220	156	6	um	um	INTJ
fsr-3220	156	7	ul	ul	INTJ
fsr-3220	156	8	at	at	ADP
fsr-3220	156	9	iv	iv	NUM
fsr-3220	156	10	e	e	PROPN
fsr-3220	156	11	w	w	PROPN
fsr-3220	156	12	ea	ea	X
fsr-3220	156	13	lth	lth	NOUN
fsr-3220	156	14	in	in	ADP
fsr-3220	156	15	de	de	X
fsr-3220	156	16	x	x	X
fsr-3220	156	17	(	(	PUNCT
fsr-3220	156	18	c	c	NOUN
fsr-3220	156	19	w	w	PROPN
fsr-3220	156	20	i	i	NOUN
fsr-3220	156	21	)	)	PUNCT
fsr-3220	157	1	y	y	PROPN
fsr-3220	157	2	ea	ea	PROPN
fsr-3220	158	1	r	r	NOUN
fsr-3220	158	2	c	c	PROPN
fsr-3220	158	3	w	w	PROPN
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fsr-3220	159	1	d	d	PROPN
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fsr-3220	159	4	fs	fs	ADP
fsr-3220	159	5	c	c	PROPN
fsr-3220	159	6	w	w	PROPN
fsr-3220	159	7	iiv	iiv	PROPN
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fsr-3220	159	10	w	w	PROPN
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fsr-3220	159	13	g	g	PROPN
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fsr-3220	159	17	e	e	X
fsr-3220	159	18	u	u	PROPN
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fsr-3220	159	20	w	w	PROPN
fsr-3220	159	21	iiy	iiy	PROPN
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fsr-3220	164	5	/3	/3	SYM
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fsr-3220	165	45	$	$	SYM
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fsr-3220	166	50	,	,	PUNCT
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fsr-3220	166	83	,	,	PUNCT
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fsr-3220	166	90	,	,	PUNCT
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fsr-3220	166	97	,	,	PUNCT
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fsr-3220	172	1	in	in	ADP
fsr-3220	172	2	ea	ea	PROPN
fsr-3220	172	3	ch	ch	NOUN
fsr-3220	172	4	ca	can	AUX
fsr-3220	172	5	te	te	AUX
fsr-3220	172	6	go	go	VERB
fsr-3220	172	7	ry	ry	ADV
fsr-3220	172	8	at	at	ADP
fsr-3220	172	9	th	th	X
fsr-3220	172	10	e	e	AUX
fsr-3220	172	11	be	be	AUX
fsr-3220	172	12	gi	gi	INTJ
fsr-3220	172	13	nn	nn	INTJ
fsr-3220	172	14	in	in	ADP
fsr-3220	172	15	g	g	PROPN
fsr-3220	172	16	of	of	ADP
fsr-3220	172	17	ja	ja	PROPN
fsr-3220	172	18	nu	nu	PROPN
fsr-3220	172	19	ar	ar	PROPN
fsr-3220	172	20	y	y	PROPN
fsr-3220	172	21	20	20	NUM
fsr-3220	172	22	08	08	NUM
fsr-3220	172	23	,	,	PUNCT
fsr-3220	172	24	pr	pr	NOUN
fsr-3220	172	25	es	es	X
fsr-3220	172	26	um	um	INTJ
fsr-3220	172	27	in	in	ADP
fsr-3220	172	28	g	g	NOUN
fsr-3220	172	29	re	re	VERB
fsr-3220	172	30	in	in	ADP
fsr-3220	172	31	ve	ve	PROPN
fsr-3220	172	32	st	st	PROPN
fsr-3220	172	33	m	m	PROPN
fsr-3220	172	34	en	en	PROPN
fsr-3220	172	35	t	t	PROPN
fsr-3220	172	36	of	of	ADP
fsr-3220	172	37	di	di	X
fsr-3220	172	38	vi	vi	PROPN
fsr-3220	172	39	de	de	PROPN
fsr-3220	172	40	nd	nd	PROPN
fsr-3220	172	41	s.	s.	PROPN
fsr-3220	172	42	188	188	NUM
fsr-3220	172	43	s.	s.	PROPN
fsr-3220	172	44	kanuri	kanuri	PROPN
fsr-3220	172	45	/	/	SYM
fsr-3220	172	46	financial	financial	ADJ
fsr-3220	172	47	services	service	NOUN
fsr-3220	172	48	review	review	VERB
fsr-3220	172	49	25	25	NUM
fsr-3220	172	50	(	(	PUNCT
fsr-3220	172	51	2016	2016	NUM
fsr-3220	172	52	)	)	PUNCT
fsr-3220	172	53	181–198	181–198	NUM
fsr-3220	172	54	we	we	PRON
fsr-3220	172	55	calculate	calculate	VERB
fsr-3220	172	56	sharpe	sharpe	PROPN
fsr-3220	172	57	ratio	ratio	PROPN
fsr-3220	172	58	(	(	PUNCT
fsr-3220	172	59	1964	1964	NUM
fsr-3220	172	60	)	)	PUNCT
fsr-3220	172	61	,	,	PUNCT
fsr-3220	172	62	sortino	sortino	ADJ
fsr-3220	172	63	ratio	ratio	NOUN
fsr-3220	172	64	(	(	PUNCT
fsr-3220	172	65	1991	1991	NUM
fsr-3220	172	66	)	)	PUNCT
fsr-3220	172	67	,	,	PUNCT
fsr-3220	172	68	omega	omega	NOUN
fsr-3220	172	69	ratio	ratio	NOUN
fsr-3220	172	70	(	(	PUNCT
fsr-3220	172	71	2002	2002	NUM
fsr-3220	172	72	)	)	PUNCT
fsr-3220	172	73	,	,	PUNCT
fsr-3220	172	74	and	and	CCONJ
fsr-3220	172	75	kappa	kappa	VERB
fsr-3220	172	76	3	3	NUM
fsr-3220	172	77	ratio	ratio	NOUN
fsr-3220	172	78	(	(	PUNCT
fsr-3220	172	79	2004	2004	NUM
fsr-3220	172	80	)	)	PUNCT
fsr-3220	172	81	for	for	ADP
fsr-3220	172	82	each	each	DET
fsr-3220	172	83	portfolio	portfolio	NOUN
fsr-3220	172	84	from	from	ADP
fsr-3220	172	85	january	january	PROPN
fsr-3220	172	86	2008	2008	NUM
fsr-3220	172	87	through	through	ADP
fsr-3220	172	88	december	december	PROPN
fsr-3220	172	89	2014	2014	NUM
fsr-3220	172	90	to	to	PART
fsr-3220	172	91	compare	compare	VERB
fsr-3220	172	92	their	their	PRON
fsr-3220	172	93	risk	risk	NOUN
fsr-3220	172	94	-	-	PUNCT
fsr-3220	172	95	adjusted	adjust	VERB
fsr-3220	172	96	performance	performance	NOUN
fsr-3220	172	97	(	(	PUNCT
fsr-3220	172	98	see	see	VERB
fsr-3220	172	99	appendix	appendix	NOUN
fsr-3220	172	100	e	e	NOUN
fsr-3220	172	101	for	for	ADP
fsr-3220	172	102	a	a	DET
fsr-3220	172	103	brief	brief	ADJ
fsr-3220	172	104	description	description	NOUN
fsr-3220	172	105	of	of	ADP
fsr-3220	172	106	these	these	DET
fsr-3220	172	107	measures	measure	NOUN
fsr-3220	172	108	)	)	PUNCT
fsr-3220	172	109	.	.	PUNCT
fsr-3220	173	1	results	result	NOUN
fsr-3220	173	2	indicate	indicate	VERB
fsr-3220	173	3	that	that	SCONJ
fsr-3220	173	4	hedged	hedge	VERB
fsr-3220	173	5	etf	etf	NOUN
fsr-3220	173	6	portfolio	portfolio	NOUN
fsr-3220	173	7	had	have	VERB
fsr-3220	173	8	lower	low	ADJ
fsr-3220	173	9	risk	risk	NOUN
fsr-3220	173	10	-	-	PUNCT
fsr-3220	173	11	adjusted	adjust	VERB
fsr-3220	173	12	performance	performance	NOUN
fsr-3220	173	13	compared	compare	VERB
fsr-3220	173	14	to	to	ADP
fsr-3220	173	15	all	all	DET
fsr-3220	173	16	asset	asset	NOUN
fsr-3220	173	17	categories	category	NOUN
fsr-3220	173	18	with	with	ADP
fsr-3220	173	19	the	the	DET
fsr-3220	173	20	exception	exception	NOUN
fsr-3220	173	21	of	of	ADP
fsr-3220	173	22	powershares	powershare	NOUN
fsr-3220	173	23	db	db	VERB
fsr-3220	173	24	commodity	commodity	NOUN
fsr-3220	173	25	tracking	track	VERB
fsr-3220	173	26	etf	etf	NOUN
fsr-3220	173	27	(	(	PUNCT
fsr-3220	173	28	table	table	NOUN
fsr-3220	173	29	6	6	NUM
fsr-3220	173	30	)	)	PUNCT
fsr-3220	173	31	.	.	PUNCT
fsr-3220	174	1	7	7	X
fsr-3220	174	2	.	.	NUM
fsr-3220	174	3	hedged	hedge	VERB
fsr-3220	174	4	mutual	mutual	ADJ
fsr-3220	174	5	funds	fund	NOUN
fsr-3220	174	6	(	(	PUNCT
fsr-3220	174	7	hmfs	hmfs	PROPN
fsr-3220	174	8	)	)	PUNCT
fsr-3220	174	9	versus	versus	ADP
fsr-3220	174	10	hedged	hedge	VERB
fsr-3220	174	11	etfs	etfs	NOUN
fsr-3220	174	12	as	as	ADP
fsr-3220	174	13	a	a	DET
fsr-3220	174	14	robustness	robustness	NOUN
fsr-3220	174	15	test	test	NOUN
fsr-3220	174	16	,	,	PUNCT
fsr-3220	174	17	hedged	hedge	VERB
fsr-3220	174	18	etfs	etfs	NOUN
fsr-3220	174	19	are	be	AUX
fsr-3220	174	20	also	also	ADV
fsr-3220	174	21	compared	compare	VERB
fsr-3220	174	22	with	with	ADP
fsr-3220	174	23	the	the	DET
fsr-3220	174	24	same	same	ADJ
fsr-3220	174	25	six	six	NUM
fsr-3220	174	26	categories	category	NOUN
fsr-3220	174	27	(	(	PUNCT
fsr-3220	174	28	long	long	ADJ
fsr-3220	174	29	/	/	SYM
fsr-3220	174	30	short	short	ADJ
fsr-3220	174	31	,	,	PUNCT
fsr-3220	174	32	market	market	NOUN
fsr-3220	174	33	neutral	neutral	ADJ
fsr-3220	174	34	,	,	PUNCT
fsr-3220	174	35	managed	manage	VERB
fsr-3220	174	36	futures	future	NOUN
fsr-3220	174	37	,	,	PUNCT
fsr-3220	174	38	multi	multi	ADJ
fsr-3220	174	39	-	-	ADJ
fsr-3220	174	40	alternative	alternative	ADJ
fsr-3220	174	41	,	,	PUNCT
fsr-3220	174	42	bear	bear	NOUN
fsr-3220	174	43	market	market	NOUN
fsr-3220	174	44	,	,	PUNCT
fsr-3220	174	45	and	and	CCONJ
fsr-3220	174	46	nontraditional	nontraditional	ADJ
fsr-3220	174	47	bond	bond	NOUN
fsr-3220	174	48	)	)	PUNCT
fsr-3220	174	49	of	of	ADP
fsr-3220	174	50	hedged	hedge	VERB
fsr-3220	174	51	mutual	mutual	ADJ
fsr-3220	174	52	funds	fund	NOUN
fsr-3220	174	53	(	(	PUNCT
fsr-3220	174	54	hmfs	hmfs	PROPN
fsr-3220	174	55	)	)	PUNCT
fsr-3220	174	56	for	for	ADP
fsr-3220	174	57	this	this	DET
fsr-3220	174	58	time	time	NOUN
fsr-3220	174	59	period	period	NOUN
fsr-3220	174	60	(	(	PUNCT
fsr-3220	174	61	january	january	PROPN
fsr-3220	174	62	2008	2008	NUM
fsr-3220	174	63	through	through	ADP
fsr-3220	174	64	december	december	PROPN
fsr-3220	174	65	2014	2014	NUM
fsr-3220	174	66	)	)	PUNCT
fsr-3220	174	67	.	.	PUNCT
fsr-3220	175	1	the	the	DET
fsr-3220	175	2	list	list	NOUN
fsr-3220	175	3	of	of	ADP
fsr-3220	175	4	all	all	DET
fsr-3220	175	5	hmfs	hmfs	NOUN
fsr-3220	175	6	(	(	PUNCT
fsr-3220	175	7	surviving	survive	VERB
fsr-3220	175	8	and	and	CCONJ
fsr-3220	175	9	dead	dead	ADJ
fsr-3220	175	10	)	)	PUNCT
fsr-3220	175	11	was	be	AUX
fsr-3220	175	12	obtained	obtain	VERB
fsr-3220	175	13	from	from	ADP
fsr-3220	175	14	morningstar	morningstar	PROPN
fsr-3220	175	15	direct	direct	ADJ
fsr-3220	175	16	database	database	NOUN
fsr-3220	175	17	.	.	PUNCT
fsr-3220	176	1	following	follow	VERB
fsr-3220	176	2	bauer	bauer	PROPN
fsr-3220	176	3	et	et	PROPN
fsr-3220	176	4	al	al	PROPN
fsr-3220	176	5	.	.	PROPN
fsr-3220	177	1	(	(	PUNCT
fsr-3220	177	2	2005	2005	NUM
fsr-3220	177	3	,	,	PUNCT
fsr-3220	177	4	2006	2006	NUM
fsr-3220	177	5	,	,	PUNCT
fsr-3220	177	6	and	and	CCONJ
fsr-3220	177	7	2007	2007	NUM
fsr-3220	177	8	)	)	PUNCT
fsr-3220	177	9	,	,	PUNCT
fsr-3220	177	10	all	all	DET
fsr-3220	177	11	funds	fund	NOUN
fsr-3220	177	12	with	with	ADP
fsr-3220	177	13	at	at	ADV
fsr-3220	177	14	least	least	ADV
fsr-3220	177	15	12	12	NUM
fsr-3220	177	16	months	month	NOUN
fsr-3220	177	17	of	of	ADP
fsr-3220	177	18	return	return	NOUN
fsr-3220	177	19	data	datum	NOUN
fsr-3220	177	20	were	be	AUX
fsr-3220	177	21	included	include	VERB
fsr-3220	177	22	in	in	ADP
fsr-3220	177	23	the	the	DET
fsr-3220	177	24	analysis	analysis	NOUN
fsr-3220	177	25	.	.	PUNCT
fsr-3220	178	1	this	this	PRON
fsr-3220	178	2	means	mean	VERB
fsr-3220	178	3	that	that	SCONJ
fsr-3220	178	4	funds	fund	NOUN
fsr-3220	178	5	that	that	PRON
fsr-3220	178	6	were	be	AUX
fsr-3220	178	7	created	create	VERB
fsr-3220	178	8	after	after	ADP
fsr-3220	178	9	january	january	PROPN
fsr-3220	178	10	2014	2014	NUM
fsr-3220	178	11	were	be	AUX
fsr-3220	178	12	excluded	exclude	VERB
fsr-3220	178	13	from	from	ADP
fsr-3220	178	14	the	the	DET
fsr-3220	178	15	analysis	analysis	NOUN
fsr-3220	178	16	.	.	PUNCT
fsr-3220	179	1	following	follow	VERB
fsr-3220	179	2	baks	bak	NOUN
fsr-3220	179	3	(	(	PUNCT
fsr-3220	179	4	2003	2003	NUM
fsr-3220	179	5	)	)	PUNCT
fsr-3220	179	6	and	and	CCONJ
fsr-3220	179	7	wermers	wermer	NOUN
fsr-3220	179	8	et	et	PROPN
fsr-3220	179	9	al	al	PROPN
fsr-3220	179	10	.	.	PUNCT
fsr-3220	180	1	(	(	PUNCT
fsr-3220	180	2	2012	2012	NUM
fsr-3220	180	3	)	)	PUNCT
fsr-3220	180	4	,	,	PUNCT
fsr-3220	180	5	funds	fund	NOUN
fsr-3220	180	6	with	with	ADP
fsr-3220	180	7	several	several	ADJ
fsr-3220	180	8	share	share	NOUN
fsr-3220	180	9	classes	class	NOUN
fsr-3220	180	10	were	be	AUX
fsr-3220	180	11	combined	combine	VERB
fsr-3220	180	12	and	and	CCONJ
fsr-3220	180	13	the	the	DET
fsr-3220	180	14	assetweighted	assetweighte	VERB
fsr-3220	180	15	returns	return	NOUN
fsr-3220	180	16	were	be	AUX
fsr-3220	180	17	computed	compute	VERB
fsr-3220	180	18	.	.	PUNCT
fsr-3220	181	1	also	also	ADV
fsr-3220	181	2	following	follow	VERB
fsr-3220	181	3	agrawal	agrawal	PROPN
fsr-3220	181	4	et	et	PROPN
fsr-3220	181	5	al	al	PROPN
fsr-3220	181	6	.	.	PROPN
fsr-3220	182	1	(	(	PUNCT
fsr-3220	182	2	2004	2004	NUM
fsr-3220	182	3	)	)	PUNCT
fsr-3220	182	4	a	a	DET
fsr-3220	182	5	single	single	ADJ
fsr-3220	182	6	portfolio	portfolio	NOUN
fsr-3220	182	7	of	of	ADP
fsr-3220	182	8	all	all	DET
fsr-3220	182	9	hedged	hedge	VERB
fsr-3220	182	10	mutual	mutual	ADJ
fsr-3220	182	11	funds	fund	NOUN
fsr-3220	182	12	was	be	AUX
fsr-3220	182	13	formed	form	VERB
fsr-3220	182	14	to	to	PART
fsr-3220	182	15	compare	compare	VERB
fsr-3220	182	16	with	with	ADP
fsr-3220	182	17	hedged	hedge	VERB
fsr-3220	182	18	etfs	etfs	NOUN
fsr-3220	182	19	.	.	PUNCT
fsr-3220	183	1	there	there	PRON
fsr-3220	183	2	were	be	VERB
fsr-3220	183	3	a	a	DET
fsr-3220	183	4	total	total	NOUN
fsr-3220	183	5	of	of	ADP
fsr-3220	183	6	539	539	NUM
fsr-3220	183	7	hedged	hedge	VERB
fsr-3220	183	8	mutual	mutual	ADJ
fsr-3220	183	9	funds	fund	NOUN
fsr-3220	183	10	with	with	ADP
fsr-3220	183	11	$	$	SYM
fsr-3220	183	12	149.77	149.77	NUM
fsr-3220	183	13	billion	billion	NUM
fsr-3220	183	14	in	in	ADP
fsr-3220	183	15	assets	asset	NOUN
fsr-3220	183	16	as	as	ADP
fsr-3220	183	17	of	of	ADP
fsr-3220	183	18	december	december	PROPN
fsr-3220	183	19	2014	2014	NUM
fsr-3220	183	20	.	.	PUNCT
fsr-3220	184	1	table	table	NOUN
fsr-3220	184	2	7a	7a	NOUN
fsr-3220	184	3	shows	show	VERB
fsr-3220	184	4	the	the	DET
fsr-3220	184	5	descriptive	descriptive	ADJ
fsr-3220	184	6	statistics	statistic	NOUN
fsr-3220	184	7	for	for	ADP
fsr-3220	184	8	both	both	PRON
fsr-3220	184	9	hedged	hedge	VERB
fsr-3220	184	10	mutual	mutual	ADJ
fsr-3220	184	11	funds	fund	NOUN
fsr-3220	184	12	and	and	CCONJ
fsr-3220	184	13	etfs	etfs	NOUN
fsr-3220	184	14	.	.	PUNCT
fsr-3220	185	1	as	as	SCONJ
fsr-3220	185	2	expected	expect	VERB
fsr-3220	185	3	,	,	PUNCT
fsr-3220	185	4	hedged	hedge	VERB
fsr-3220	185	5	mutual	mutual	ADJ
fsr-3220	185	6	funds	fund	NOUN
fsr-3220	185	7	are	be	AUX
fsr-3220	185	8	much	much	ADV
fsr-3220	185	9	expensive	expensive	ADJ
fsr-3220	185	10	(	(	PUNCT
fsr-3220	185	11	average	average	ADJ
fsr-3220	185	12	expense	expense	NOUN
fsr-3220	185	13	ratio	ratio	NOUN
fsr-3220	185	14	of	of	ADP
fsr-3220	185	15	1.82	1.82	NUM
fsr-3220	185	16	%	%	NOUN
fsr-3220	185	17	)	)	PUNCT
fsr-3220	185	18	and	and	CCONJ
fsr-3220	185	19	also	also	ADV
fsr-3220	185	20	have	have	VERB
fsr-3220	185	21	much	much	ADV
fsr-3220	185	22	higher	high	ADJ
fsr-3220	185	23	turnover	turnover	NOUN
fsr-3220	185	24	(	(	PUNCT
fsr-3220	185	25	327.08	327.08	NUM
fsr-3220	185	26	%	%	NOUN
fsr-3220	185	27	)	)	PUNCT
fsr-3220	185	28	.	.	PUNCT
fsr-3220	186	1	table	table	NOUN
fsr-3220	186	2	6	6	NUM
fsr-3220	186	3	shows	show	VERB
fsr-3220	186	4	risk	risk	NOUN
fsr-3220	186	5	-	-	PUNCT
fsr-3220	186	6	adjusted	adjust	VERB
fsr-3220	186	7	performance	performance	NOUN
fsr-3220	186	8	measures	measure	NOUN
fsr-3220	186	9	(	(	PUNCT
fsr-3220	186	10	sharpe	sharpe	NOUN
fsr-3220	186	11	,	,	PUNCT
fsr-3220	186	12	sortino	sortino	PROPN
fsr-3220	186	13	,	,	PUNCT
fsr-3220	186	14	kappa	kappa	NOUN
fsr-3220	186	15	3	3	NUM
fsr-3220	186	16	,	,	PUNCT
fsr-3220	186	17	and	and	CCONJ
fsr-3220	186	18	omega	omega	NOUN
fsr-3220	186	19	ratios	ratio	NOUN
fsr-3220	186	20	)	)	PUNCT
fsr-3220	186	21	for	for	ADP
fsr-3220	186	22	equally	equally	ADV
fsr-3220	186	23	weighted	weight	VERB
fsr-3220	186	24	hedged	hedge	VERB
fsr-3220	186	25	etf	etf	NOUN
fsr-3220	186	26	portfolio	portfolio	NOUN
fsr-3220	186	27	and	and	CCONJ
fsr-3220	186	28	other	other	ADJ
fsr-3220	186	29	index	index	NOUN
fsr-3220	186	30	etfs	etfs	NOUN
fsr-3220	186	31	from	from	ADP
fsr-3220	186	32	january	january	PROPN
fsr-3220	186	33	2008	2008	NUM
fsr-3220	186	34	through	through	ADP
fsr-3220	186	35	december	december	PROPN
fsr-3220	186	36	2014	2014	NUM
fsr-3220	186	37	january	january	PROPN
fsr-3220	186	38	2008	2008	NUM
fsr-3220	186	39	through	through	ADP
fsr-3220	186	40	december	december	PROPN
fsr-3220	186	41	2014	2014	NUM
fsr-3220	186	42	sharpe	sharpe	PROPN
fsr-3220	186	43	ratio	ratio	PROPN
fsr-3220	186	44	sortino	sortino	PROPN
fsr-3220	186	45	ratio	ratio	PROPN
fsr-3220	186	46	kappa	kappa	PROPN
fsr-3220	186	47	3	3	NUM
fsr-3220	186	48	ratio	ratio	NOUN
fsr-3220	186	49	omega	omega	NOUN
fsr-3220	186	50	ratio	ratio	NOUN
fsr-3220	186	51	hedged	hedge	VERB
fsr-3220	186	52	etfs	etfs	PROPN
fsr-3220	186	53	�	�	PROPN
fsr-3220	186	54	0.041	0.041	NUM
fsr-3220	186	55	�	�	PROPN
fsr-3220	186	56	0.064	0.064	NUM
fsr-3220	186	57	�	�	PROPN
fsr-3220	186	58	0.018	0.018	NUM
fsr-3220	186	59	0.851	0.851	NUM
fsr-3220	186	60	ivv	ivv	X
fsr-3220	186	61	(	(	PUNCT
fsr-3220	186	62	s&p	s&p	PROPN
fsr-3220	186	63	500	500	NUM
fsr-3220	186	64	)	)	PUNCT
fsr-3220	186	65	0.139	0.139	NUM
fsr-3220	186	66	0.196	0.196	NUM
fsr-3220	186	67	0.064	0.064	NUM
fsr-3220	186	68	1.432	1.432	NUM
fsr-3220	186	69	agg	agg	PROPN
fsr-3220	186	70	(	(	PUNCT
fsr-3220	186	71	total	total	ADJ
fsr-3220	186	72	bond	bond	NOUN
fsr-3220	186	73	)	)	PUNCT
fsr-3220	186	74	0.358	0.358	NUM
fsr-3220	186	75	0.696	0.696	NUM
fsr-3220	186	76	0.120	0.120	NUM
fsr-3220	186	77	2.642	2.642	NUM
fsr-3220	186	78	veu	veu	NOUN
fsr-3220	186	79	(	(	PUNCT
fsr-3220	186	80	total	total	ADJ
fsr-3220	186	81	world	world	NOUN
fsr-3220	186	82	ex	ex	PROPN
fsr-3220	186	83	u.s	u.s	PROPN
fsr-3220	186	84	.	.	PROPN
fsr-3220	186	85	)	)	PUNCT
fsr-3220	187	1	0.023	0.023	NUM
fsr-3220	187	2	0.032	0.032	NUM
fsr-3220	187	3	0.011	0.011	NUM
fsr-3220	187	4	1.064	1.064	NUM
fsr-3220	187	5	iyr	iyr	NOUN
fsr-3220	187	6	(	(	PUNCT
fsr-3220	187	7	real	real	ADJ
fsr-3220	187	8	estate	estate	NOUN
fsr-3220	187	9	)	)	PUNCT
fsr-3220	187	10	0.107	0.107	NUM
fsr-3220	187	11	0.148	0.148	NUM
fsr-3220	187	12	0.057	0.057	NUM
fsr-3220	187	13	1.373	1.373	NUM
fsr-3220	187	14	dbc	dbc	NOUN
fsr-3220	187	15	(	(	PUNCT
fsr-3220	187	16	commodities	commodity	NOUN
fsr-3220	187	17	)	)	PUNCT
fsr-3220	187	18	�	�	PROPN
fsr-3220	187	19	0.072	0.072	NUM
fsr-3220	187	20	�	�	PROPN
fsr-3220	187	21	0.092	0.092	NUM
fsr-3220	187	22	�	�	NOUN
fsr-3220	187	23	0.033	0.033	NUM
fsr-3220	187	24	0.826	0.826	NUM
fsr-3220	187	25	65	65	NUM
fsr-3220	187	26	%	%	NOUN
fsr-3220	188	1	ivv/35	ivv/35	PROPN
fsr-3220	189	1	%	%	NOUN
fsr-3220	189	2	agg	agg	PROPN
fsr-3220	189	3	0.177	0.177	NUM
fsr-3220	189	4	0.253	0.253	NUM
fsr-3220	189	5	0.071	0.071	NUM
fsr-3220	189	6	1.580	1.580	NUM
fsr-3220	189	7	45	45	NUM
fsr-3220	189	8	%	%	NOUN
fsr-3220	190	1	ivv/10	ivv/10	ADJ
fsr-3220	190	2	%	%	NOUN
fsr-3220	190	3	veu/5	veu/5	PROPN
fsr-3220	190	4	%	%	NOUN
fsr-3220	190	5	iyr/5	iyr/5	ADJ
fsr-3220	190	6	%	%	NOUN
fsr-3220	190	7	dbc/35	dbc/35	NOUN
fsr-3220	190	8	%	%	NOUN
fsr-3220	190	9	agg	agg	NOUN
fsr-3220	190	10	0.139	0.139	NUM
fsr-3220	190	11	0.194	0.194	NUM
fsr-3220	190	12	0.056	0.056	NUM
fsr-3220	190	13	1.447	1.447	NUM
fsr-3220	190	14	table	table	NOUN
fsr-3220	190	15	7a	7a	NOUN
fsr-3220	190	16	shows	show	VERB
fsr-3220	190	17	the	the	DET
fsr-3220	190	18	descriptive	descriptive	ADJ
fsr-3220	190	19	statistics	statistic	NOUN
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fsr-3220	190	21	hedged	hedge	VERB
fsr-3220	190	22	etfs	etfs	NOUN
fsr-3220	190	23	and	and	CCONJ
fsr-3220	190	24	hedged	hedge	VERB
fsr-3220	190	25	mutual	mutual	ADJ
fsr-3220	190	26	funds	fund	NOUN
fsr-3220	190	27	etf	etf	NOUN
fsr-3220	190	28	category	category	NOUN
fsr-3220	190	29	total	total	NOUN
fsr-3220	190	30	number	number	NOUN
fsr-3220	190	31	(	(	PUNCT
fsr-3220	190	32	surviving	surviving	NOUN
fsr-3220	190	33	and	and	CCONJ
fsr-3220	190	34	dead	dead	ADJ
fsr-3220	190	35	)	)	PUNCT
fsr-3220	190	36	december	december	PROPN
fsr-3220	190	37	2014	2014	NUM
fsr-3220	190	38	aum	aum	PROPN
fsr-3220	190	39	for	for	ADP
fsr-3220	190	40	surviving	survive	VERB
fsr-3220	190	41	funds	fund	NOUN
fsr-3220	190	42	(	(	PUNCT
fsr-3220	190	43	december	december	PROPN
fsr-3220	190	44	2014	2014	NUM
fsr-3220	190	45	)	)	PUNCT
fsr-3220	190	46	average	average	ADJ
fsr-3220	190	47	expense	expense	NOUN
fsr-3220	190	48	ratio	ratio	NOUN
fsr-3220	190	49	average	average	ADJ
fsr-3220	190	50	turnover	turnover	NOUN
fsr-3220	190	51	ratio	ratio	NOUN
fsr-3220	190	52	hedged	hedge	VERB
fsr-3220	190	53	etfs	etfs	NOUN
fsr-3220	190	54	49	49	NUM
fsr-3220	190	55	$	$	SYM
fsr-3220	190	56	3,415,247,306	3,415,247,306	NUM
fsr-3220	190	57	0.84	0.84	NUM
fsr-3220	190	58	%	%	NOUN
fsr-3220	190	59	138.58	138.58	NUM
fsr-3220	190	60	%	%	NOUN
fsr-3220	190	61	hedged	hedge	VERB
fsr-3220	190	62	mutual	mutual	ADJ
fsr-3220	190	63	funds	fund	NOUN
fsr-3220	190	64	539	539	NUM
fsr-3220	190	65	$	$	SYM
fsr-3220	190	66	149,772,989,903	149,772,989,903	NUM
fsr-3220	190	67	1.82	1.82	NUM
fsr-3220	190	68	%	%	NOUN
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fsr-3220	190	70	%	%	NOUN
fsr-3220	190	71	189s	189s	PROPN
fsr-3220	190	72	.	.	PUNCT
fsr-3220	191	1	kanuri	kanuri	PROPN
fsr-3220	191	2	/	/	SYM
fsr-3220	191	3	financial	financial	ADJ
fsr-3220	191	4	services	service	NOUN
fsr-3220	191	5	review	review	VERB
fsr-3220	191	6	25	25	NUM
fsr-3220	191	7	(	(	PUNCT
fsr-3220	191	8	2016	2016	NUM
fsr-3220	191	9	)	)	PUNCT
fsr-3220	191	10	181–198	181–198	NUM
fsr-3220	191	11	t	t	PROPN
fsr-3220	191	12	ab	ab	PROPN
fsr-3220	191	13	le	le	PROPN
fsr-3220	191	14	7b	7b	PROPN
fsr-3220	191	15	sh	sh	INTJ
fsr-3220	192	1	ow	ow	INTJ
fsr-3220	192	2	s	s	X
fsr-3220	192	3	th	th	X
fsr-3220	192	4	e	e	NOUN
fsr-3220	192	5	sp	sp	ADP
fsr-3220	192	6	ea	ea	PROPN
fsr-3220	192	7	rm	rm	PROPN
fsr-3220	192	8	an	an	DET
fsr-3220	192	9	r	r	NOUN
fsr-3220	192	10	an	an	DET
fsr-3220	192	11	k	k	PROPN
fsr-3220	192	12	c	c	PROPN
fsr-3220	192	13	or	or	CCONJ
fsr-3220	192	14	re	re	ADJ
fsr-3220	192	15	la	la	X
fsr-3220	192	16	tio	tio	PROPN
fsr-3220	192	17	n	n	X
fsr-3220	192	18	te	te	PROPN
fsr-3220	192	19	st	st	PROPN
fsr-3220	192	20	be	be	AUX
fsr-3220	192	21	tw	tw	INTJ
fsr-3220	192	22	ee	ee	ADP
fsr-3220	192	23	n	n	PROPN
fsr-3220	192	24	h	h	NOUN
fsr-3220	192	25	ed	ed	PROPN
fsr-3220	192	26	ge	ge	PROPN
fsr-3220	193	1	d	d	PROPN
fsr-3220	193	2	e	e	PROPN
fsr-3220	193	3	t	t	X
fsr-3220	193	4	fs	fs	X
fsr-3220	193	5	,	,	PUNCT
fsr-3220	194	1	h	h	PROPN
fsr-3220	194	2	ed	ed	NOUN
fsr-3220	194	3	ge	ge	PROPN
fsr-3220	195	1	d	d	PROPN
fsr-3220	195	2	m	m	VERB
fsr-3220	195	3	ut	ut	PROPN
fsr-3220	195	4	ua	ua	PROPN
fsr-3220	195	5	l	l	PROPN
fsr-3220	195	6	fu	fu	PROPN
fsr-3220	195	7	nd	nd	ADP
fsr-3220	195	8	s	s	VERB
fsr-3220	195	9	an	an	DET
fsr-3220	195	10	d	d	X
fsr-3220	195	11	di	di	NOUN
fsr-3220	196	1	ff	ff	INTJ
fsr-3220	196	2	er	er	INTJ
fsr-3220	196	3	en	en	ADP
fsr-3220	196	4	t	t	PROPN
fsr-3220	196	5	in	in	ADP
fsr-3220	196	6	de	de	X
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fsr-3220	196	8	e	e	PROPN
fsr-3220	196	9	t	t	PROPN
fsr-3220	196	10	fs	fs	VERB
fsr-3220	196	11	c	c	PROPN
fsr-3220	196	12	or	or	CCONJ
fsr-3220	196	13	re	re	ADJ
fsr-3220	196	14	la	la	X
fsr-3220	196	15	tio	tio	NOUN
fsr-3220	197	1	n	n	PRON
fsr-3220	197	2	h	h	NOUN
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fsr-3220	198	2	ge	ge	PROPN
fsr-3220	198	3	d	d	PROPN
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fsr-3220	198	5	t	t	X
fsr-3220	198	6	fs	fs	PROPN
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fsr-3220	198	9	ge	ge	PROPN
fsr-3220	199	1	d	d	PROPN
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fsr-3220	200	2	s	s	NOUN
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fsr-3220	200	5	(	(	PUNCT
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fsr-3220	200	8	p	p	NOUN
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fsr-3220	200	11	)	)	PUNCT
fsr-3220	200	12	a	a	DET
fsr-3220	200	13	g	g	NOUN
fsr-3220	200	14	g	g	PROPN
fsr-3220	200	15	(	(	PUNCT
fsr-3220	200	16	t	t	PROPN
fsr-3220	200	17	ot	ot	INTJ
fsr-3220	200	18	al	al	PROPN
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fsr-3220	200	20	nd	nd	PROPN
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fsr-3220	200	22	v	v	ADP
fsr-3220	200	23	e	e	X
fsr-3220	200	24	u	u	PROPN
fsr-3220	200	25	(	(	PUNCT
fsr-3220	200	26	t	t	PROPN
fsr-3220	200	27	ot	ot	INTJ
fsr-3220	200	28	al	al	PROPN
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fsr-3220	200	31	ld	ld	PROPN
fsr-3220	200	32	e	e	NOUN
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fsr-3220	200	34	u	u	NOUN
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fsr-3220	202	2	(	(	PUNCT
fsr-3220	202	3	r	r	NOUN
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fsr-3220	203	1	d	d	PROPN
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fsr-3220	203	4	(	(	PUNCT
fsr-3220	203	5	c	c	NOUN
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fsr-3220	203	11	)	)	PUNCT
fsr-3220	203	12	65	65	NUM
fsr-3220	203	13	%	%	NOUN
fsr-3220	203	14	iv	iv	NUM
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fsr-3220	203	16	/3	/3	SYM
fsr-3220	203	17	5	5	NUM
fsr-3220	203	18	%	%	NOUN
fsr-3220	203	19	a	a	DET
fsr-3220	203	20	g	g	NOUN
fsr-3220	203	21	g	g	PROPN
fsr-3220	203	22	45	45	NUM
fsr-3220	203	23	%	%	NOUN
fsr-3220	203	24	iv	iv	NUM
fsr-3220	203	25	v	v	ADP
fsr-3220	203	26	/1	/1	NOUN
fsr-3220	203	27	0	0	NUM
fsr-3220	203	28	%	%	NOUN
fsr-3220	203	29	v	v	ADP
fsr-3220	203	30	e	e	X
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fsr-3220	203	32	/5	/5	NOUN
fsr-3220	204	1	%	%	INTJ
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fsr-3220	205	3	/5	/5	NOUN
fsr-3220	206	1	%	%	INTJ
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fsr-3220	206	5	/3	/3	SYM
fsr-3220	206	6	5	5	NUM
fsr-3220	206	7	%	%	NOUN
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fsr-3220	209	1	d	d	PROPN
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fsr-3220	209	9	0	0	NUM
fsr-3220	209	10	.	.	PUNCT
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fsr-3220	211	1	*	*	PUNCT
fsr-3220	211	2	*	*	PUNCT
fsr-3220	211	3	1	1	NUM
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fsr-3220	211	5	v	v	NOUN
fsr-3220	211	6	(	(	PUNCT
fsr-3220	211	7	s	s	NOUN
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fsr-3220	211	13	�	�	PROPN
fsr-3220	211	14	0	0	NUM
fsr-3220	211	15	.	.	PROPN
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fsr-3220	211	18	*	*	PUNCT
fsr-3220	211	19	�	�	PROPN
fsr-3220	211	20	0	0	NUM
fsr-3220	211	21	.	.	NUM
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fsr-3220	211	24	*	*	PUNCT
fsr-3220	211	25	*	*	PUNCT
fsr-3220	211	26	1	1	NUM
fsr-3220	211	27	a	a	DET
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fsr-3220	211	29	g	g	PROPN
fsr-3220	211	30	(	(	PUNCT
fsr-3220	211	31	t	t	PROPN
fsr-3220	211	32	ot	ot	INTJ
fsr-3220	211	33	al	al	PROPN
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fsr-3220	211	36	)	)	PUNCT
fsr-3220	211	37	�	�	PROPN
fsr-3220	211	38	0	0	NUM
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fsr-3220	211	42	�	�	PROPN
fsr-3220	211	43	0	0	NUM
fsr-3220	211	44	.	.	PROPN
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fsr-3220	211	48	0	0	NUM
fsr-3220	211	49	.	.	PROPN
fsr-3220	211	50	00	00	NUM
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fsr-3220	211	52	1	1	NUM
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fsr-3220	211	62	ld	ld	PROPN
fsr-3220	211	63	e	e	NOUN
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fsr-3220	211	67	.	.	PUNCT
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fsr-3220	212	4	�	�	PROPN
fsr-3220	212	5	0	0	NUM
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fsr-3220	212	10	.	.	PUNCT
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fsr-3220	213	3	*	*	PUNCT
fsr-3220	213	4	*	*	PUNCT
fsr-3220	214	1	*	*	PUNCT
fsr-3220	214	2	0	0	NUM
fsr-3220	214	3	.	.	NUM
fsr-3220	214	4	06	06	NUM
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fsr-3220	214	6	1	1	NUM
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fsr-3220	214	8	r	r	NOUN
fsr-3220	214	9	(	(	PUNCT
fsr-3220	214	10	r	r	NOUN
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fsr-3220	214	17	�	�	PROPN
fsr-3220	214	18	0	0	NUM
fsr-3220	214	19	.	.	PUNCT
fsr-3220	215	1	23	23	NUM
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fsr-3220	215	3	*	*	PUNCT
fsr-3220	215	4	*	*	PUNCT
fsr-3220	215	5	�	�	PROPN
fsr-3220	215	6	0	0	NUM
fsr-3220	215	7	.	.	PROPN
fsr-3220	216	1	19	19	NUM
fsr-3220	216	2	41	41	NUM
fsr-3220	216	3	*	*	NUM
fsr-3220	216	4	0	0	NUM
fsr-3220	216	5	.	.	NUM
fsr-3220	216	6	76	76	NUM
fsr-3220	216	7	63	63	NUM
fsr-3220	216	8	*	*	PUNCT
fsr-3220	216	9	*	*	PUNCT
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fsr-3220	216	11	0	0	NUM
fsr-3220	216	12	.	.	X
fsr-3220	216	13	23	23	NUM
fsr-3220	217	1	39	39	NUM
fsr-3220	217	2	*	*	PUNCT
fsr-3220	217	3	*	*	NOUN
fsr-3220	217	4	0	0	NUM
fsr-3220	217	5	.	.	X
fsr-3220	217	6	74	74	NUM
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fsr-3220	218	1	*	*	PUNCT
fsr-3220	218	2	*	*	PUNCT
fsr-3220	218	3	*	*	PUNCT
fsr-3220	218	4	1	1	NUM
fsr-3220	218	5	d	d	SYM
fsr-3220	218	6	b	b	X
fsr-3220	218	7	c	c	X
fsr-3220	218	8	(	(	PUNCT
fsr-3220	218	9	c	c	NOUN
fsr-3220	218	10	om	om	PROPN
fsr-3220	218	11	m	m	PROPN
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fsr-3220	218	13	iti	iti	PROPN
fsr-3220	218	14	es	es	PROPN
fsr-3220	218	15	)	)	PUNCT
fsr-3220	218	16	0	0	NUM
fsr-3220	218	17	.	.	X
fsr-3220	219	1	05	05	NUM
fsr-3220	220	1	92	92	NUM
fsr-3220	220	2	0	0	NUM
fsr-3220	220	3	.	.	PUNCT
fsr-3220	221	1	03	03	NUM
fsr-3220	221	2	60	60	NUM
fsr-3220	221	3	0	0	NUM
fsr-3220	221	4	.	.	PUNCT
fsr-3220	222	1	51	51	NUM
fsr-3220	222	2	93	93	NUM
fsr-3220	223	1	*	*	PUNCT
fsr-3220	223	2	*	*	PUNCT
fsr-3220	223	3	*	*	PUNCT
fsr-3220	223	4	�	�	PROPN
fsr-3220	223	5	0	0	NUM
fsr-3220	223	6	.	.	PUNCT
fsr-3220	223	7	00	00	NUM
fsr-3220	224	1	82	82	NUM
fsr-3220	224	2	0	0	NUM
fsr-3220	224	3	.	.	PUNCT
fsr-3220	225	1	58	58	NUM
fsr-3220	225	2	90	90	NUM
fsr-3220	225	3	*	*	PUNCT
fsr-3220	225	4	*	*	PUNCT
fsr-3220	225	5	*	*	PUNCT
fsr-3220	225	6	0	0	NUM
fsr-3220	225	7	.	.	X
fsr-3220	225	8	32	32	NUM
fsr-3220	225	9	68	68	NUM
fsr-3220	225	10	*	*	PUNCT
fsr-3220	225	11	*	*	SYM
fsr-3220	225	12	1	1	NUM
fsr-3220	225	13	65	65	NUM
fsr-3220	225	14	%	%	NOUN
fsr-3220	225	15	iv	iv	NUM
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fsr-3220	225	17	/3	/3	SYM
fsr-3220	225	18	5	5	NUM
fsr-3220	225	19	%	%	NOUN
fsr-3220	225	20	a	a	DET
fsr-3220	225	21	g	g	NOUN
fsr-3220	225	22	g	g	PROPN
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fsr-3220	225	24	0	0	NUM
fsr-3220	225	25	.	.	PROPN
fsr-3220	225	26	17	17	NUM
fsr-3220	225	27	34	34	NUM
fsr-3220	225	28	�	�	PROPN
fsr-3220	225	29	0	0	NUM
fsr-3220	225	30	.	.	PROPN
fsr-3220	225	31	21	21	NUM
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fsr-3220	225	33	*	*	PUNCT
fsr-3220	225	34	*	*	NOUN
fsr-3220	225	35	0	0	NUM
fsr-3220	225	36	.	.	NUM
fsr-3220	226	1	99	99	NUM
fsr-3220	226	2	14	14	NUM
fsr-3220	226	3	*	*	PUNCT
fsr-3220	226	4	*	*	PUNCT
fsr-3220	227	1	*	*	PUNCT
fsr-3220	227	2	0	0	NUM
fsr-3220	227	3	.	.	NUM
fsr-3220	227	4	08	08	NUM
fsr-3220	228	1	76	76	NUM
fsr-3220	228	2	0	0	NUM
fsr-3220	228	3	.	.	NUM
fsr-3220	229	1	89	89	NUM
fsr-3220	229	2	08	08	NUM
fsr-3220	230	1	*	*	PUNCT
fsr-3220	231	1	*	*	PUNCT
fsr-3220	231	2	*	*	PUNCT
fsr-3220	232	1	0	0	X
fsr-3220	232	2	.	.	X
fsr-3220	232	3	79	79	NUM
fsr-3220	232	4	94	94	NUM
fsr-3220	233	1	*	*	PUNCT
fsr-3220	233	2	*	*	PUNCT
fsr-3220	234	1	*	*	PUNCT
fsr-3220	234	2	0	0	NUM
fsr-3220	234	3	.	.	NOUN
fsr-3220	234	4	50	50	NUM
fsr-3220	234	5	69	69	NUM
fsr-3220	234	6	*	*	PUNCT
fsr-3220	234	7	*	*	PUNCT
fsr-3220	234	8	*	*	PUNCT
fsr-3220	234	9	1	1	NUM
fsr-3220	234	10	45	45	NUM
fsr-3220	234	11	%	%	NOUN
fsr-3220	234	12	iv	iv	NUM
fsr-3220	234	13	v	v	ADP
fsr-3220	234	14	/1	/1	NOUN
fsr-3220	234	15	0	0	NUM
fsr-3220	234	16	%	%	NOUN
fsr-3220	234	17	v	v	ADP
fsr-3220	234	18	e	e	X
fsr-3220	234	19	u	u	NOUN
fsr-3220	234	20	/5	/5	NOUN
fsr-3220	235	1	%	%	INTJ
fsr-3220	236	1	iy	iy	INTJ
fsr-3220	236	2	r	r	NOUN
fsr-3220	236	3	/5	/5	NOUN
fsr-3220	237	1	%	%	INTJ
fsr-3220	237	2	d	d	X
fsr-3220	237	3	b	b	PROPN
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fsr-3220	237	5	/3	/3	SYM
fsr-3220	237	6	5	5	NUM
fsr-3220	237	7	%	%	NOUN
fsr-3220	237	8	a	a	DET
fsr-3220	237	9	g	g	NOUN
fsr-3220	237	10	g	g	PROPN
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fsr-3220	237	12	0	0	NUM
fsr-3220	237	13	.	.	PROPN
fsr-3220	237	14	19	19	NUM
fsr-3220	237	15	85	85	NUM
fsr-3220	237	16	*	*	PUNCT
fsr-3220	237	17	�	�	PROPN
fsr-3220	237	18	0	0	NUM
fsr-3220	237	19	.	.	PROPN
fsr-3220	237	20	18	18	NUM
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fsr-3220	237	22	*	*	NUM
fsr-3220	237	23	0	0	NUM
fsr-3220	237	24	.	.	X
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fsr-3220	238	2	*	*	PUNCT
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fsr-3220	239	1	*	*	PUNCT
fsr-3220	239	2	0	0	NUM
fsr-3220	239	3	.	.	NOUN
fsr-3220	239	4	12	12	NUM
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fsr-3220	239	6	0	0	NUM
fsr-3220	239	7	.	.	PUNCT
fsr-3220	240	1	93	93	NUM
fsr-3220	240	2	45	45	NUM
fsr-3220	240	3	*	*	PUNCT
fsr-3220	240	4	*	*	PUNCT
fsr-3220	241	1	*	*	PUNCT
fsr-3220	241	2	0	0	X
fsr-3220	241	3	.	.	NOUN
fsr-3220	241	4	83	83	NUM
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fsr-3220	242	2	*	*	PUNCT
fsr-3220	243	1	*	*	PUNCT
fsr-3220	244	1	*	*	PUNCT
fsr-3220	244	2	0	0	NUM
fsr-3220	244	3	.	.	X
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fsr-3220	245	2	00	00	PUNCT
fsr-3220	246	1	*	*	PUNCT
fsr-3220	247	1	*	*	PUNCT
fsr-3220	247	2	*	*	PUNCT
fsr-3220	248	1	0	0	NUM
fsr-3220	248	2	.	.	NOUN
fsr-3220	248	3	98	98	NUM
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fsr-3220	248	5	*	*	PUNCT
fsr-3220	248	6	*	*	PUNCT
fsr-3220	248	7	*	*	PUNCT
fsr-3220	248	8	1	1	NUM
fsr-3220	248	9	*	*	PUNCT
fsr-3220	248	10	si	si	PROPN
fsr-3220	248	11	gn	gn	PROPN
fsr-3220	248	12	ifi	ifi	PROPN
fsr-3220	248	13	ca	can	AUX
fsr-3220	248	14	nt	not	PART
fsr-3220	248	15	at	at	ADP
fsr-3220	248	16	10	10	NUM
fsr-3220	248	17	%	%	NOUN
fsr-3220	248	18	;	;	PUNCT
fsr-3220	248	19	*	*	PUNCT
fsr-3220	248	20	*	*	PUNCT
fsr-3220	248	21	si	si	PROPN
fsr-3220	248	22	gn	gn	PROPN
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fsr-3220	248	24	ca	can	AUX
fsr-3220	248	25	nt	not	PART
fsr-3220	248	26	at	at	ADP
fsr-3220	248	27	5	5	NUM
fsr-3220	248	28	%	%	NOUN
fsr-3220	248	29	;	;	PUNCT
fsr-3220	248	30	*	*	PUNCT
fsr-3220	248	31	*	*	PUNCT
fsr-3220	248	32	*	*	PUNCT
fsr-3220	248	33	si	si	PROPN
fsr-3220	248	34	gn	gn	PROPN
fsr-3220	248	35	ifi	ifi	PROPN
fsr-3220	248	36	ca	can	AUX
fsr-3220	248	37	nt	not	PART
fsr-3220	248	38	at	at	ADP
fsr-3220	248	39	1	1	NUM
fsr-3220	248	40	%	%	NOUN
fsr-3220	248	41	.	.	PUNCT
fsr-3220	249	1	190	190	NUM
fsr-3220	249	2	s.	s.	PROPN
fsr-3220	249	3	kanuri	kanuri	PROPN
fsr-3220	249	4	/	/	SYM
fsr-3220	249	5	financial	financial	ADJ
fsr-3220	249	6	services	service	NOUN
fsr-3220	249	7	review	review	VERB
fsr-3220	249	8	25	25	NUM
fsr-3220	250	1	(	(	PUNCT
fsr-3220	250	2	2016	2016	NUM
fsr-3220	250	3	)	)	PUNCT
fsr-3220	250	4	181–198	181–198	NUM
fsr-3220	250	5	table	table	NOUN
fsr-3220	250	6	7b	7b	NOUN
fsr-3220	250	7	shows	show	VERB
fsr-3220	250	8	the	the	DET
fsr-3220	250	9	spearman	spearman	NOUN
fsr-3220	250	10	rank	rank	NOUN
fsr-3220	250	11	correlation	correlation	NOUN
fsr-3220	250	12	test	test	NOUN
fsr-3220	250	13	between	between	ADP
fsr-3220	250	14	hedged	hedge	VERB
fsr-3220	250	15	etfs	etfs	NOUN
fsr-3220	250	16	,	,	PUNCT
fsr-3220	250	17	hedged	hedge	VERB
fsr-3220	250	18	mutual	mutual	ADJ
fsr-3220	250	19	funds	fund	NOUN
fsr-3220	250	20	,	,	PUNCT
fsr-3220	250	21	and	and	CCONJ
fsr-3220	250	22	different	different	ADJ
fsr-3220	250	23	index	index	NOUN
fsr-3220	250	24	etfs	etfs	NOUN
fsr-3220	250	25	.	.	PUNCT
fsr-3220	251	1	correlation	correlation	NOUN
fsr-3220	251	2	between	between	ADP
fsr-3220	251	3	hedged	hedge	VERB
fsr-3220	251	4	etfs	etfs	NOUN
fsr-3220	251	5	and	and	CCONJ
fsr-3220	251	6	mutual	mutual	ADJ
fsr-3220	251	7	funds	fund	NOUN
fsr-3220	251	8	was	be	AUX
fsr-3220	251	9	0.2572	0.2572	NUM
fsr-3220	251	10	.	.	PUNCT
fsr-3220	252	1	results	result	NOUN
fsr-3220	252	2	were	be	AUX
fsr-3220	252	3	statistically	statistically	ADV
fsr-3220	252	4	significant	significant	ADJ
fsr-3220	252	5	at	at	ADP
fsr-3220	252	6	5	5	NUM
fsr-3220	252	7	%	%	NOUN
fsr-3220	252	8	.	.	PUNCT
fsr-3220	253	1	both	both	PRON
fsr-3220	253	2	hedged	hedge	VERB
fsr-3220	253	3	etfs	etfs	NOUN
fsr-3220	253	4	and	and	CCONJ
fsr-3220	253	5	mutual	mutual	ADJ
fsr-3220	253	6	funds	fund	NOUN
fsr-3220	253	7	have	have	VERB
fsr-3220	253	8	highly	highly	ADV
fsr-3220	253	9	negative	negative	ADJ
fsr-3220	253	10	or	or	CCONJ
fsr-3220	253	11	low	low	ADJ
fsr-3220	253	12	correlation	correlation	NOUN
fsr-3220	253	13	with	with	ADP
fsr-3220	253	14	other	other	ADJ
fsr-3220	253	15	index	index	NOUN
fsr-3220	253	16	etfs	etfs	NOUN
fsr-3220	253	17	.	.	PUNCT
fsr-3220	254	1	both	both	DET
fsr-3220	254	2	hedged	hedge	VERB
fsr-3220	254	3	etfs	etfs	NOUN
fsr-3220	254	4	and	and	CCONJ
fsr-3220	254	5	mutual	mutual	ADJ
fsr-3220	254	6	funds	fund	NOUN
fsr-3220	254	7	had	have	VERB
fsr-3220	254	8	positive	positive	ADJ
fsr-3220	254	9	correlation	correlation	NOUN
fsr-3220	254	10	only	only	ADV
fsr-3220	254	11	with	with	ADP
fsr-3220	254	12	commodity	commodity	NOUN
fsr-3220	254	13	index	index	NOUN
fsr-3220	254	14	fund	fund	NOUN
fsr-3220	254	15	(	(	PUNCT
fsr-3220	254	16	dbc	dbc	PROPN
fsr-3220	254	17	)	)	PUNCT
fsr-3220	254	18	.	.	PUNCT
fsr-3220	255	1	however	however	ADV
fsr-3220	255	2	,	,	PUNCT
fsr-3220	255	3	the	the	DET
fsr-3220	255	4	correlation	correlation	NOUN
fsr-3220	255	5	was	be	AUX
fsr-3220	255	6	very	very	ADV
fsr-3220	255	7	low	low	ADJ
fsr-3220	255	8	even	even	ADV
fsr-3220	255	9	in	in	ADP
fsr-3220	255	10	this	this	DET
fsr-3220	255	11	case	case	NOUN
fsr-3220	255	12	.	.	PUNCT
fsr-3220	256	1	these	these	DET
fsr-3220	256	2	results	result	NOUN
fsr-3220	256	3	indicate	indicate	VERB
fsr-3220	256	4	that	that	SCONJ
fsr-3220	256	5	hedged	hedge	VERB
fsr-3220	256	6	etfs	etfs	NOUN
fsr-3220	256	7	and	and	CCONJ
fsr-3220	256	8	mutual	mutual	ADJ
fsr-3220	256	9	funds	fund	NOUN
fsr-3220	256	10	did	do	AUX
fsr-3220	256	11	help	help	VERB
fsr-3220	256	12	investors	investor	NOUN
fsr-3220	256	13	diversify	diversify	VERB
fsr-3220	256	14	.	.	PUNCT
fsr-3220	257	1	7.1	7.1	NUM
fsr-3220	257	2	.	.	PUNCT
fsr-3220	258	1	risk	risk	NOUN
fsr-3220	258	2	,	,	PUNCT
fsr-3220	258	3	returns	return	NOUN
fsr-3220	258	4	,	,	PUNCT
fsr-3220	258	5	and	and	CCONJ
fsr-3220	258	6	risk	risk	NOUN
fsr-3220	258	7	-	-	PUNCT
fsr-3220	258	8	adjusted	adjust	VERB
fsr-3220	258	9	performance	performance	NOUN
fsr-3220	258	10	table	table	NOUN
fsr-3220	258	11	8a	8a	NUM
fsr-3220	258	12	shows	show	VERB
fsr-3220	258	13	the	the	DET
fsr-3220	258	14	average	average	ADJ
fsr-3220	258	15	monthly	monthly	ADJ
fsr-3220	258	16	returns	return	NOUN
fsr-3220	258	17	,	,	PUNCT
fsr-3220	258	18	median	median	ADJ
fsr-3220	258	19	monthly	monthly	ADJ
fsr-3220	258	20	returns	return	NOUN
fsr-3220	258	21	,	,	PUNCT
fsr-3220	258	22	and	and	CCONJ
fsr-3220	258	23	standard	standard	ADJ
fsr-3220	258	24	deviation	deviation	NOUN
fsr-3220	258	25	for	for	ADP
fsr-3220	258	26	hedged	hedge	VERB
fsr-3220	258	27	etfs	etfs	NOUN
fsr-3220	258	28	and	and	CCONJ
fsr-3220	258	29	mutual	mutual	ADJ
fsr-3220	258	30	funds	fund	NOUN
fsr-3220	258	31	.	.	PUNCT
fsr-3220	259	1	the	the	DET
fsr-3220	259	2	average	average	ADJ
fsr-3220	259	3	monthly	monthly	ADJ
fsr-3220	259	4	returns	return	NOUN
fsr-3220	259	5	were	be	AUX
fsr-3220	259	6	very	very	ADV
fsr-3220	259	7	similar	similar	ADJ
fsr-3220	259	8	for	for	ADP
fsr-3220	259	9	hedged	hedge	VERB
fsr-3220	259	10	etfs	etfs	NOUN
fsr-3220	259	11	and	and	CCONJ
fsr-3220	259	12	hedged	hedge	VERB
fsr-3220	259	13	mutual	mutual	ADJ
fsr-3220	259	14	funds	fund	NOUN
fsr-3220	259	15	(	(	PUNCT
fsr-3220	259	16	�	�	NOUN
fsr-3220	259	17	0.12	0.12	NUM
fsr-3220	259	18	%	%	NOUN
fsr-3220	259	19	and	and	CCONJ
fsr-3220	259	20	�	�	PROPN
fsr-3220	259	21	0.10	0.10	NUM
fsr-3220	259	22	%	%	NOUN
fsr-3220	259	23	,	,	PUNCT
fsr-3220	259	24	respectively	respectively	ADV
fsr-3220	259	25	)	)	PUNCT
fsr-3220	259	26	.	.	PUNCT
fsr-3220	260	1	results	result	NOUN
fsr-3220	260	2	were	be	AUX
fsr-3220	260	3	statistically	statistically	ADV
fsr-3220	260	4	significant	significant	ADJ
fsr-3220	260	5	at	at	ADP
fsr-3220	260	6	1	1	NUM
fsr-3220	260	7	%	%	NOUN
fsr-3220	260	8	in	in	ADP
fsr-3220	260	9	both	both	CCONJ
fsr-3220	260	10	the	the	DET
fsr-3220	260	11	cases	case	NOUN
fsr-3220	260	12	.	.	PUNCT
fsr-3220	261	1	however	however	ADV
fsr-3220	261	2	,	,	PUNCT
fsr-3220	261	3	hedged	hedge	VERB
fsr-3220	261	4	etfs	etfs	NOUN
fsr-3220	261	5	had	have	VERB
fsr-3220	261	6	much	much	ADV
fsr-3220	261	7	higher	high	ADJ
fsr-3220	261	8	standard	standard	ADJ
fsr-3220	261	9	deviation	deviation	NOUN
fsr-3220	261	10	(	(	PUNCT
fsr-3220	261	11	of	of	ADP
fsr-3220	261	12	monthly	monthly	ADJ
fsr-3220	261	13	and	and	CCONJ
fsr-3220	261	14	annual	annual	ADJ
fsr-3220	261	15	returns	return	NOUN
fsr-3220	261	16	)	)	PUNCT
fsr-3220	261	17	or	or	CCONJ
fsr-3220	261	18	risk	risk	NOUN
fsr-3220	261	19	compared	compare	VERB
fsr-3220	261	20	with	with	ADP
fsr-3220	261	21	hedged	hedge	VERB
fsr-3220	261	22	mutual	mutual	ADJ
fsr-3220	261	23	funds	fund	NOUN
fsr-3220	261	24	.	.	PUNCT
fsr-3220	262	1	table	table	NOUN
fsr-3220	262	2	8b	8b	PROPN
fsr-3220	262	3	shows	show	VERB
fsr-3220	262	4	the	the	DET
fsr-3220	262	5	annualized	annualize	VERB
fsr-3220	262	6	returns	return	NOUN
fsr-3220	262	7	and	and	CCONJ
fsr-3220	262	8	cumulative	cumulative	ADJ
fsr-3220	262	9	wealth	wealth	NOUN
fsr-3220	262	10	index	index	NOUN
fsr-3220	262	11	(	(	PUNCT
fsr-3220	262	12	cwi	cwi	NOUN
fsr-3220	262	13	)	)	PUNCT
fsr-3220	262	14	from	from	ADP
fsr-3220	262	15	2008	2008	NUM
fsr-3220	262	16	to	to	ADP
fsr-3220	262	17	2014	2014	NUM
fsr-3220	262	18	.	.	PUNCT
fsr-3220	263	1	both	both	DET
fsr-3220	263	2	hedged	hedge	VERB
fsr-3220	263	3	etfs	etfs	NOUN
fsr-3220	263	4	and	and	CCONJ
fsr-3220	263	5	hedged	hedge	VERB
fsr-3220	263	6	mutual	mutual	ADJ
fsr-3220	263	7	funds	fund	NOUN
fsr-3220	263	8	lost	lose	VERB
fsr-3220	263	9	value	value	NOUN
fsr-3220	263	10	,	,	PUNCT
fsr-3220	263	11	and	and	CCONJ
fsr-3220	263	12	had	have	VERB
fsr-3220	263	13	negative	negative	ADJ
fsr-3220	263	14	cumulative	cumulative	ADJ
fsr-3220	263	15	returns	return	NOUN
fsr-3220	263	16	of	of	ADP
fsr-3220	263	17	�	�	NOUN
fsr-3220	263	18	13.94	13.94	NUM
fsr-3220	263	19	%	%	NOUN
fsr-3220	263	20	and	and	CCONJ
fsr-3220	263	21	�	�	NOUN
fsr-3220	263	22	8.34	8.34	NUM
fsr-3220	263	23	%	%	NOUN
fsr-3220	263	24	,	,	PUNCT
fsr-3220	263	25	respectively	respectively	ADV
fsr-3220	263	26	.	.	PUNCT
fsr-3220	264	1	both	both	DET
fsr-3220	264	2	categories	category	NOUN
fsr-3220	264	3	also	also	ADV
fsr-3220	264	4	had	have	VERB
fsr-3220	264	5	negative	negative	ADJ
fsr-3220	264	6	risk	risk	NOUN
fsr-3220	264	7	-	-	PUNCT
fsr-3220	264	8	adjusted	adjust	VERB
fsr-3220	264	9	performance	performance	NOUN
fsr-3220	264	10	.	.	PUNCT
fsr-3220	265	1	table	table	NOUN
fsr-3220	265	2	8a	8a	NUM
fsr-3220	265	3	shows	show	VERB
fsr-3220	265	4	the	the	DET
fsr-3220	265	5	average	average	ADJ
fsr-3220	265	6	monthly	monthly	ADJ
fsr-3220	265	7	returns	return	NOUN
fsr-3220	265	8	,	,	PUNCT
fsr-3220	265	9	median	median	ADJ
fsr-3220	265	10	monthly	monthly	ADJ
fsr-3220	265	11	returns	return	NOUN
fsr-3220	265	12	,	,	PUNCT
fsr-3220	265	13	and	and	CCONJ
fsr-3220	265	14	standard	standard	ADJ
fsr-3220	265	15	deviation	deviation	NOUN
fsr-3220	265	16	of	of	ADP
fsr-3220	265	17	monthly	monthly	ADJ
fsr-3220	265	18	returns	return	NOUN
fsr-3220	265	19	for	for	ADP
fsr-3220	265	20	hedged	hedge	VERB
fsr-3220	265	21	etfs	etfs	NOUN
fsr-3220	265	22	and	and	CCONJ
fsr-3220	265	23	hedged	hedge	VERB
fsr-3220	265	24	mutual	mutual	ADJ
fsr-3220	265	25	funds	fund	NOUN
fsr-3220	265	26	january	january	PROPN
fsr-3220	265	27	2008	2008	NUM
fsr-3220	265	28	through	through	ADP
fsr-3220	265	29	december	december	PROPN
fsr-3220	265	30	2014	2014	NUM
fsr-3220	265	31	average	average	ADJ
fsr-3220	265	32	returns	return	NOUN
fsr-3220	265	33	median	median	ADJ
fsr-3220	265	34	returns	return	NOUN
fsr-3220	265	35	standard	standard	ADJ
fsr-3220	265	36	deviation	deviation	NOUN
fsr-3220	265	37	cumulative	cumulative	ADJ
fsr-3220	265	38	returns	return	NOUN
fsr-3220	265	39	(	(	PUNCT
fsr-3220	265	40	january	january	PROPN
fsr-3220	265	41	2008	2008	NUM
fsr-3220	265	42	through	through	ADP
fsr-3220	265	43	december	december	PROPN
fsr-3220	265	44	2014	2014	NUM
fsr-3220	265	45	)	)	PUNCT
fsr-3220	266	1	p	p	NOUN
fsr-3220	266	2	value	value	NOUN
fsr-3220	266	3	of	of	ADP
fsr-3220	266	4	average	average	ADJ
fsr-3220	266	5	returns	return	NOUN
fsr-3220	266	6	hedged	hedge	VERB
fsr-3220	266	7	etfs	etfs	PROPN
fsr-3220	266	8	�	�	PROPN
fsr-3220	266	9	0.12	0.12	NUM
fsr-3220	266	10	%	%	NOUN
fsr-3220	266	11	�	�	NOUN
fsr-3220	266	12	0.22	0.22	NUM
fsr-3220	266	13	%	%	NOUN
fsr-3220	266	14	3.51	3.51	NUM
fsr-3220	266	15	%	%	NOUN
fsr-3220	266	16	�	�	PROPN
fsr-3220	266	17	13.94	13.94	NUM
fsr-3220	266	18	%	%	NOUN
fsr-3220	266	19	0.008	0.008	NUM
fsr-3220	266	20	*	*	NOUN
fsr-3220	266	21	*	*	PUNCT
fsr-3220	266	22	*	*	PUNCT
fsr-3220	266	23	hedged	hedge	VERB
fsr-3220	266	24	mutual	mutual	ADJ
fsr-3220	266	25	funds	fund	NOUN
fsr-3220	266	26	�	�	PROPN
fsr-3220	266	27	0.10	0.10	NUM
fsr-3220	266	28	%	%	NOUN
fsr-3220	266	29	�	�	NOUN
fsr-3220	266	30	0.14	0.14	NUM
fsr-3220	266	31	%	%	NOUN
fsr-3220	266	32	0.58	0.58	NUM
fsr-3220	266	33	%	%	NOUN
fsr-3220	266	34	�	�	NOUN
fsr-3220	266	35	8.34	8.34	NUM
fsr-3220	266	36	%	%	NOUN
fsr-3220	266	37	0.001	0.001	NUM
fsr-3220	266	38	*	*	PUNCT
fsr-3220	266	39	*	*	PUNCT
fsr-3220	266	40	*	*	PUNCT
fsr-3220	266	41	*	*	PUNCT
fsr-3220	266	42	significant	significant	ADJ
fsr-3220	266	43	at	at	ADP
fsr-3220	266	44	10	10	NUM
fsr-3220	266	45	%	%	NOUN
fsr-3220	266	46	;	;	PUNCT
fsr-3220	267	1	*	*	PUNCT
fsr-3220	267	2	*	*	PUNCT
fsr-3220	267	3	significant	significant	ADJ
fsr-3220	267	4	at	at	ADP
fsr-3220	267	5	5	5	NUM
fsr-3220	267	6	%	%	NOUN
fsr-3220	267	7	;	;	PUNCT
fsr-3220	267	8	*	*	PUNCT
fsr-3220	267	9	*	*	PUNCT
fsr-3220	267	10	*	*	PUNCT
fsr-3220	267	11	significant	significant	ADJ
fsr-3220	267	12	at	at	ADP
fsr-3220	267	13	1	1	NUM
fsr-3220	267	14	%	%	NOUN
fsr-3220	267	15	.	.	PUNCT
fsr-3220	268	1	table	table	NOUN
fsr-3220	268	2	8b	8b	PROPN
fsr-3220	268	3	shows	show	VERB
fsr-3220	268	4	the	the	DET
fsr-3220	268	5	annualized	annualize	VERB
fsr-3220	268	6	returns	return	NOUN
fsr-3220	268	7	(	(	PUNCT
fsr-3220	268	8	2008–2014	2008–2014	NOUN
fsr-3220	268	9	)	)	PUNCT
fsr-3220	268	10	and	and	CCONJ
fsr-3220	268	11	cumulative	cumulative	ADJ
fsr-3220	268	12	wealth	wealth	NOUN
fsr-3220	268	13	index	index	NOUN
fsr-3220	268	14	(	(	PUNCT
fsr-3220	268	15	cwi	cwi	NOUN
fsr-3220	268	16	)	)	PUNCT
fsr-3220	268	17	for	for	ADP
fsr-3220	268	18	hedged	hedge	VERB
fsr-3220	268	19	etfs	etfs	NOUN
fsr-3220	268	20	and	and	CCONJ
fsr-3220	268	21	hedged	hedge	VERB
fsr-3220	268	22	mutual	mutual	ADJ
fsr-3220	268	23	funds	fund	NOUN
fsr-3220	268	24	annual	annual	ADJ
fsr-3220	268	25	returns	return	NOUN
fsr-3220	268	26	hedged	hedge	VERB
fsr-3220	268	27	etfs	etfs	NOUN
fsr-3220	268	28	hedged	hedge	VERB
fsr-3220	268	29	mutual	mutual	ADJ
fsr-3220	268	30	funds	fund	NOUN
fsr-3220	268	31	cwi	cwi	NOUN
fsr-3220	268	32	(	(	PUNCT
fsr-3220	268	33	hedged	hedge	VERB
fsr-3220	268	34	etfs	etfs	PROPN
fsr-3220	268	35	)	)	PUNCT
fsr-3220	268	36	cwi	cwi	NOUN
fsr-3220	268	37	(	(	PUNCT
fsr-3220	268	38	hedged	hedge	VERB
fsr-3220	268	39	mutual	mutual	ADJ
fsr-3220	268	40	funds	fund	NOUN
fsr-3220	268	41	)	)	PUNCT
fsr-3220	268	42	2008	2008	NUM
fsr-3220	268	43	2.68	2.68	NUM
fsr-3220	268	44	%	%	NOUN
fsr-3220	268	45	�	�	NOUN
fsr-3220	268	46	0.34	0.34	NUM
fsr-3220	268	47	%	%	NOUN
fsr-3220	268	48	$	$	SYM
fsr-3220	268	49	1,026.77	1,026.77	NUM
fsr-3220	268	50	$	$	SYM
fsr-3220	268	51	996.64	996.64	NUM
fsr-3220	268	52	2009	2009	NUM
fsr-3220	268	53	�	�	NOUN
fsr-3220	268	54	4.69	4.69	NUM
fsr-3220	268	55	%	%	NOUN
fsr-3220	268	56	0.26	0.26	NUM
fsr-3220	268	57	%	%	NOUN
fsr-3220	268	58	$	$	SYM
fsr-3220	268	59	978.59	978.59	NUM
fsr-3220	268	60	$	$	SYM
fsr-3220	268	61	999.27	999.27	NUM
fsr-3220	268	62	2010	2010	NUM
fsr-3220	268	63	�	�	NOUN
fsr-3220	268	64	2.77	2.77	NUM
fsr-3220	268	65	%	%	NOUN
fsr-3220	268	66	�	�	NOUN
fsr-3220	268	67	0.46	0.46	NUM
fsr-3220	268	68	%	%	NOUN
fsr-3220	268	69	$	$	SYM
fsr-3220	268	70	951.45	951.45	NUM
fsr-3220	268	71	$	$	SYM
fsr-3220	268	72	994.72	994.72	NUM
fsr-3220	268	73	2011	2011	NUM
fsr-3220	268	74	�	�	PROPN
fsr-3220	268	75	5.27	5.27	NUM
fsr-3220	268	76	%	%	NOUN
fsr-3220	268	77	�	�	PROPN
fsr-3220	268	78	2.01	2.01	NUM
fsr-3220	268	79	%	%	NOUN
fsr-3220	268	80	$	$	SYM
fsr-3220	268	81	901.32	901.32	NUM
fsr-3220	268	82	$	$	SYM
fsr-3220	268	83	974.69	974.69	NUM
fsr-3220	268	84	2012	2012	NUM
fsr-3220	268	85	�	�	PROPN
fsr-3220	268	86	4.20	4.20	NUM
fsr-3220	268	87	%	%	NOUN
fsr-3220	268	88	�	�	NOUN
fsr-3220	268	89	2.29	2.29	NUM
fsr-3220	268	90	%	%	NOUN
fsr-3220	268	91	$	$	SYM
fsr-3220	268	92	863.50	863.50	NUM
fsr-3220	268	93	$	$	SYM
fsr-3220	268	94	952.35	952.35	NUM
fsr-3220	268	95	2013	2013	NUM
fsr-3220	268	96	0.83	0.83	NUM
fsr-3220	268	97	%	%	NOUN
fsr-3220	268	98	�	�	NOUN
fsr-3220	268	99	3.33	3.33	NUM
fsr-3220	268	100	%	%	NOUN
fsr-3220	268	101	$	$	SYM
fsr-3220	268	102	870.71	870.71	NUM
fsr-3220	268	103	$	$	SYM
fsr-3220	268	104	920.62	920.62	NUM
fsr-3220	268	105	2014	2014	NUM
fsr-3220	268	106	�	�	NOUN
fsr-3220	268	107	1.16	1.16	NUM
fsr-3220	268	108	%	%	NOUN
fsr-3220	268	109	�	�	NOUN
fsr-3220	268	110	0.44	0.44	NUM
fsr-3220	268	111	%	%	NOUN
fsr-3220	268	112	$	$	SYM
fsr-3220	268	113	860.57	860.57	NUM
fsr-3220	268	114	$	$	SYM
fsr-3220	268	115	916.56	916.56	NUM
fsr-3220	268	116	arithmetic	arithmetic	ADJ
fsr-3220	268	117	average	average	ADJ
fsr-3220	268	118	�	�	NOUN
fsr-3220	268	119	2.08	2.08	NUM
fsr-3220	268	120	%	%	NOUN
fsr-3220	268	121	�	�	NOUN
fsr-3220	268	122	1.23	1.23	NUM
fsr-3220	268	123	%	%	NOUN
fsr-3220	268	124	geometric	geometric	ADJ
fsr-3220	268	125	average	average	ADJ
fsr-3220	268	126	�	�	NOUN
fsr-3220	268	127	2.12	2.12	NUM
fsr-3220	268	128	%	%	NOUN
fsr-3220	268	129	�	�	NOUN
fsr-3220	268	130	1.24	1.24	NUM
fsr-3220	268	131	%	%	NOUN
fsr-3220	268	132	standard	standard	ADJ
fsr-3220	268	133	deviation	deviation	NOUN
fsr-3220	268	134	3.00	3.00	NUM
fsr-3220	268	135	%	%	NOUN
fsr-3220	268	136	1.32	1.32	NUM
fsr-3220	268	137	%	%	NOUN
fsr-3220	268	138	cumulative	cumulative	ADJ
fsr-3220	268	139	returns	return	NOUN
fsr-3220	268	140	�	�	PROPN
fsr-3220	268	141	13.94	13.94	NUM
fsr-3220	268	142	%	%	NOUN
fsr-3220	268	143	�	�	PROPN
fsr-3220	268	144	8.34	8.34	NUM
fsr-3220	268	145	%	%	NOUN
fsr-3220	268	146	the	the	DET
fsr-3220	268	147	cwi	cwi	NOUN
fsr-3220	268	148	measures	measure	VERB
fsr-3220	268	149	the	the	DET
fsr-3220	268	150	outcome	outcome	NOUN
fsr-3220	268	151	of	of	ADP
fsr-3220	268	152	investing	invest	VERB
fsr-3220	268	153	$	$	SYM
fsr-3220	268	154	1,000	1,000	NUM
fsr-3220	268	155	in	in	ADP
fsr-3220	268	156	each	each	DET
fsr-3220	268	157	category	category	NOUN
fsr-3220	268	158	at	at	ADP
fsr-3220	268	159	the	the	DET
fsr-3220	268	160	beginning	beginning	NOUN
fsr-3220	268	161	of	of	ADP
fsr-3220	268	162	january	january	PROPN
fsr-3220	268	163	2008	2008	NUM
fsr-3220	268	164	,	,	PUNCT
fsr-3220	268	165	presuming	presume	VERB
fsr-3220	268	166	reinvestment	reinvestment	NOUN
fsr-3220	268	167	of	of	ADP
fsr-3220	268	168	dividends	dividend	NOUN
fsr-3220	268	169	.	.	PUNCT
fsr-3220	269	1	191s	191	NOUN
fsr-3220	269	2	.	.	PUNCT
fsr-3220	270	1	kanuri	kanuri	PROPN
fsr-3220	270	2	/	/	SYM
fsr-3220	270	3	financial	financial	ADJ
fsr-3220	270	4	services	service	NOUN
fsr-3220	270	5	review	review	VERB
fsr-3220	270	6	25	25	NUM
fsr-3220	270	7	(	(	PUNCT
fsr-3220	270	8	2016	2016	NUM
fsr-3220	270	9	)	)	PUNCT
fsr-3220	270	10	181–198	181–198	NUM
fsr-3220	270	11	8	8	NUM
fsr-3220	270	12	.	.	PUNCT
fsr-3220	271	1	conclusions	conclusion	NOUN
fsr-3220	271	2	hedged	hedge	VERB
fsr-3220	271	3	etfs	etfs	PROPN
fsr-3220	271	4	help	help	VERB
fsr-3220	271	5	retail	retail	ADJ
fsr-3220	271	6	or	or	CCONJ
fsr-3220	271	7	individual	individual	ADJ
fsr-3220	271	8	investors	investor	NOUN
fsr-3220	271	9	invest	invest	VERB
fsr-3220	271	10	in	in	ADP
fsr-3220	271	11	etfs	etfs	PROPN
fsr-3220	271	12	that	that	PRON
fsr-3220	271	13	follow	follow	VERB
fsr-3220	271	14	strategies	strategy	NOUN
fsr-3220	271	15	similar	similar	ADJ
fsr-3220	271	16	to	to	PART
fsr-3220	271	17	hedge	hedge	VERB
fsr-3220	271	18	funds	fund	NOUN
fsr-3220	271	19	at	at	ADP
fsr-3220	271	20	a	a	DET
fsr-3220	271	21	fraction	fraction	NOUN
fsr-3220	271	22	of	of	ADP
fsr-3220	271	23	the	the	DET
fsr-3220	271	24	cost	cost	NOUN
fsr-3220	271	25	.	.	PUNCT
fsr-3220	272	1	they	they	PRON
fsr-3220	272	2	are	be	AUX
fsr-3220	272	3	also	also	ADV
fsr-3220	272	4	very	very	ADV
fsr-3220	272	5	liquid	liquid	ADJ
fsr-3220	272	6	and	and	CCONJ
fsr-3220	272	7	do	do	AUX
fsr-3220	272	8	not	not	PART
fsr-3220	272	9	have	have	VERB
fsr-3220	272	10	high	high	ADJ
fsr-3220	272	11	initial	initial	ADJ
fsr-3220	272	12	investment	investment	NOUN
fsr-3220	272	13	or	or	CCONJ
fsr-3220	272	14	longer	long	ADJ
fsr-3220	272	15	lock	lock	VERB
fsr-3220	272	16	-	-	PUNCT
fsr-3220	272	17	up	up	ADP
fsr-3220	272	18	periods	period	NOUN
fsr-3220	272	19	that	that	PRON
fsr-3220	272	20	hedge	hedge	NOUN
fsr-3220	272	21	funds	fund	NOUN
fsr-3220	272	22	have	have	VERB
fsr-3220	272	23	.	.	PUNCT
fsr-3220	273	1	in	in	ADP
fsr-3220	273	2	this	this	DET
fsr-3220	273	3	paper	paper	NOUN
fsr-3220	273	4	i	i	PRON
fsr-3220	273	5	analyze	analyze	VERB
fsr-3220	273	6	the	the	DET
fsr-3220	273	7	performance	performance	NOUN
fsr-3220	273	8	of	of	ADP
fsr-3220	273	9	six	six	NUM
fsr-3220	273	10	different	different	ADJ
fsr-3220	273	11	categories	category	NOUN
fsr-3220	273	12	of	of	ADP
fsr-3220	273	13	hedged	hedge	VERB
fsr-3220	273	14	etfs	etfs	NOUN
fsr-3220	273	15	(	(	PUNCT
fsr-3220	273	16	long	long	ADJ
fsr-3220	273	17	/	/	SYM
fsr-3220	273	18	short	short	ADJ
fsr-3220	273	19	,	,	PUNCT
fsr-3220	273	20	market	market	NOUN
fsr-3220	273	21	neutral	neutral	ADJ
fsr-3220	273	22	,	,	PUNCT
fsr-3220	273	23	managed	manage	VERB
fsr-3220	273	24	futures	future	NOUN
fsr-3220	273	25	,	,	PUNCT
fsr-3220	273	26	multi	multi	ADJ
fsr-3220	273	27	-	-	ADJ
fsr-3220	273	28	alternative	alternative	ADJ
fsr-3220	273	29	,	,	PUNCT
fsr-3220	273	30	bear	bear	NOUN
fsr-3220	273	31	market	market	NOUN
fsr-3220	273	32	,	,	PUNCT
fsr-3220	273	33	and	and	CCONJ
fsr-3220	273	34	non	non	ADJ
fsr-3220	273	35	-	-	ADJ
fsr-3220	273	36	traditional	traditional	ADJ
fsr-3220	273	37	bond	bond	NOUN
fsr-3220	273	38	)	)	PUNCT
fsr-3220	273	39	for	for	ADP
fsr-3220	273	40	the	the	DET
fsr-3220	273	41	time	time	NOUN
fsr-3220	273	42	period	period	NOUN
fsr-3220	273	43	january	january	PROPN
fsr-3220	273	44	2008	2008	NUM
fsr-3220	273	45	through	through	ADP
fsr-3220	273	46	december	december	PROPN
fsr-3220	273	47	2014	2014	NUM
fsr-3220	273	48	.	.	PUNCT
fsr-3220	274	1	the	the	DET
fsr-3220	274	2	performance	performance	NOUN
fsr-3220	274	3	of	of	ADP
fsr-3220	274	4	these	these	DET
fsr-3220	274	5	hedged	hedge	VERB
fsr-3220	274	6	etfs	etfs	NOUN
fsr-3220	274	7	was	be	AUX
fsr-3220	274	8	compared	compare	VERB
fsr-3220	274	9	to	to	ADP
fsr-3220	274	10	five	five	NUM
fsr-3220	274	11	categories	category	NOUN
fsr-3220	274	12	of	of	ADP
fsr-3220	274	13	index	index	NOUN
fsr-3220	274	14	fund	fund	PROPN
fsr-3220	274	15	etfs	etfs	PROPN
fsr-3220	274	16	.	.	PUNCT
fsr-3220	275	1	our	our	PRON
fsr-3220	275	2	results	result	NOUN
fsr-3220	275	3	indicate	indicate	VERB
fsr-3220	275	4	that	that	SCONJ
fsr-3220	275	5	hedged	hedge	VERB
fsr-3220	275	6	etfs	etfs	NOUN
fsr-3220	275	7	have	have	AUX
fsr-3220	275	8	not	not	PART
fsr-3220	275	9	delivered	deliver	VERB
fsr-3220	275	10	on	on	ADP
fsr-3220	275	11	their	their	PRON
fsr-3220	275	12	promise	promise	NOUN
fsr-3220	275	13	of	of	ADP
fsr-3220	275	14	absolute	absolute	ADJ
fsr-3220	275	15	returns	return	NOUN
fsr-3220	275	16	that	that	PRON
fsr-3220	275	17	is	be	AUX
fsr-3220	275	18	,	,	PUNCT
fsr-3220	275	19	positive	positive	ADJ
fsr-3220	275	20	returns	return	NOUN
fsr-3220	275	21	regardless	regardless	ADV
fsr-3220	275	22	of	of	ADP
fsr-3220	275	23	market	market	NOUN
fsr-3220	275	24	conditions	condition	NOUN
fsr-3220	275	25	.	.	PUNCT
fsr-3220	276	1	hedged	hedge	VERB
fsr-3220	276	2	etfs	etfs	NOUN
fsr-3220	276	3	have	have	VERB
fsr-3220	276	4	very	very	ADV
fsr-3220	276	5	high	high	ADJ
fsr-3220	276	6	expense	expense	NOUN
fsr-3220	276	7	ratios	ratio	NOUN
fsr-3220	276	8	and	and	CCONJ
fsr-3220	276	9	turnover	turnover	NOUN
fsr-3220	276	10	compared	compare	VERB
fsr-3220	276	11	with	with	ADP
fsr-3220	276	12	other	other	ADJ
fsr-3220	276	13	index	index	NOUN
fsr-3220	276	14	etf	etf	NOUN
fsr-3220	276	15	categories	category	NOUN
fsr-3220	276	16	.	.	PUNCT
fsr-3220	277	1	hedged	hedge	VERB
fsr-3220	277	2	etfs	etfs	PROPN
fsr-3220	277	3	did	do	AUX
fsr-3220	277	4	help	help	VERB
fsr-3220	277	5	investors	investor	NOUN
fsr-3220	277	6	diversify	diversify	VERB
fsr-3220	277	7	and	and	CCONJ
fsr-3220	277	8	had	have	VERB
fsr-3220	277	9	highly	highly	ADV
fsr-3220	277	10	negative	negative	ADJ
fsr-3220	277	11	or	or	CCONJ
fsr-3220	277	12	low	low	ADJ
fsr-3220	277	13	correlation	correlation	NOUN
fsr-3220	277	14	with	with	ADP
fsr-3220	277	15	all	all	DET
fsr-3220	277	16	other	other	ADJ
fsr-3220	277	17	asset	asset	NOUN
fsr-3220	277	18	categories	category	NOUN
fsr-3220	277	19	.	.	PUNCT
fsr-3220	278	1	however	however	ADV
fsr-3220	278	2	,	,	PUNCT
fsr-3220	278	3	this	this	PRON
fsr-3220	278	4	did	do	AUX
fsr-3220	278	5	not	not	PART
fsr-3220	278	6	translate	translate	VERB
fsr-3220	278	7	into	into	ADP
fsr-3220	278	8	superior	superior	ADJ
fsr-3220	278	9	absolute	absolute	ADJ
fsr-3220	278	10	or	or	CCONJ
fsr-3220	278	11	risk	risk	NOUN
fsr-3220	278	12	-	-	PUNCT
fsr-3220	278	13	adjusted	adjust	VERB
fsr-3220	278	14	performance	performance	NOUN
fsr-3220	278	15	,	,	PUNCT
fsr-3220	278	16	and	and	CCONJ
fsr-3220	278	17	hedged	hedge	VERB
fsr-3220	278	18	etfs	etfs	NOUN
fsr-3220	278	19	underperformed	underperform	VERB
fsr-3220	278	20	all	all	DET
fsr-3220	278	21	other	other	ADJ
fsr-3220	278	22	categories	category	NOUN
fsr-3220	278	23	(	(	PUNCT
fsr-3220	278	24	with	with	ADP
fsr-3220	278	25	the	the	DET
fsr-3220	278	26	exception	exception	NOUN
fsr-3220	278	27	of	of	ADP
fsr-3220	278	28	commodities	commodity	NOUN
fsr-3220	278	29	etf	etf	NOUN
fsr-3220	278	30	dbc	dbc	PROPN
fsr-3220	278	31	)	)	PUNCT
fsr-3220	278	32	.	.	PUNCT
fsr-3220	279	1	as	as	ADP
fsr-3220	279	2	a	a	DET
fsr-3220	279	3	robustness	robustness	NOUN
fsr-3220	279	4	test	test	NOUN
fsr-3220	279	5	the	the	DET
fsr-3220	279	6	performance	performance	NOUN
fsr-3220	279	7	of	of	ADP
fsr-3220	279	8	hedged	hedge	VERB
fsr-3220	279	9	etfs	etfs	NOUN
fsr-3220	279	10	was	be	AUX
fsr-3220	279	11	also	also	ADV
fsr-3220	279	12	compared	compare	VERB
fsr-3220	279	13	with	with	ADP
fsr-3220	279	14	the	the	DET
fsr-3220	279	15	same	same	ADJ
fsr-3220	279	16	six	six	NUM
fsr-3220	279	17	categories	category	NOUN
fsr-3220	279	18	of	of	ADP
fsr-3220	279	19	hedged	hedge	VERB
fsr-3220	279	20	mutual	mutual	ADJ
fsr-3220	279	21	funds	fund	NOUN
fsr-3220	279	22	during	during	ADP
fsr-3220	279	23	this	this	DET
fsr-3220	279	24	time	time	NOUN
fsr-3220	279	25	period	period	NOUN
fsr-3220	279	26	(	(	PUNCT
fsr-3220	279	27	table	table	NOUN
fsr-3220	279	28	9	9	NUM
fsr-3220	279	29	)	)	PUNCT
fsr-3220	279	30	.	.	PUNCT
fsr-3220	280	1	there	there	PRON
fsr-3220	280	2	were	be	VERB
fsr-3220	280	3	539	539	NUM
fsr-3220	280	4	hedged	hedge	VERB
fsr-3220	280	5	mutual	mutual	ADJ
fsr-3220	280	6	funds	fund	NOUN
fsr-3220	280	7	(	(	PUNCT
fsr-3220	280	8	surviving	survive	VERB
fsr-3220	280	9	and	and	CCONJ
fsr-3220	280	10	dead	dead	ADJ
fsr-3220	280	11	)	)	PUNCT
fsr-3220	280	12	at	at	ADP
fsr-3220	280	13	the	the	DET
fsr-3220	280	14	end	end	NOUN
fsr-3220	280	15	of	of	ADP
fsr-3220	280	16	december	december	PROPN
fsr-3220	280	17	2014	2014	NUM
fsr-3220	280	18	with	with	ADP
fsr-3220	280	19	$	$	SYM
fsr-3220	280	20	149	149	NUM
fsr-3220	280	21	billion	billion	NUM
fsr-3220	280	22	in	in	ADP
fsr-3220	280	23	assets	asset	NOUN
fsr-3220	280	24	.	.	PUNCT
fsr-3220	281	1	both	both	PRON
fsr-3220	281	2	hedged	hedge	VERB
fsr-3220	281	3	etfs	etfs	NOUN
fsr-3220	281	4	and	and	CCONJ
fsr-3220	281	5	mutual	mutual	ADJ
fsr-3220	281	6	funds	fund	NOUN
fsr-3220	281	7	have	have	VERB
fsr-3220	281	8	highly	highly	ADV
fsr-3220	281	9	negative	negative	ADJ
fsr-3220	281	10	or	or	CCONJ
fsr-3220	281	11	low	low	ADJ
fsr-3220	281	12	correlation	correlation	NOUN
fsr-3220	281	13	with	with	ADP
fsr-3220	281	14	other	other	ADJ
fsr-3220	281	15	asset	asset	NOUN
fsr-3220	281	16	categories	category	NOUN
fsr-3220	281	17	.	.	PUNCT
fsr-3220	282	1	these	these	DET
fsr-3220	282	2	results	result	NOUN
fsr-3220	282	3	again	again	ADV
fsr-3220	282	4	indicate	indicate	VERB
fsr-3220	282	5	that	that	SCONJ
fsr-3220	282	6	hedged	hedge	VERB
fsr-3220	282	7	etfs	etfs	NOUN
fsr-3220	282	8	and	and	CCONJ
fsr-3220	282	9	mutual	mutual	ADJ
fsr-3220	282	10	funds	fund	NOUN
fsr-3220	282	11	did	do	AUX
fsr-3220	282	12	help	help	VERB
fsr-3220	282	13	investors	investor	NOUN
fsr-3220	282	14	diversify	diversify	VERB
fsr-3220	282	15	during	during	ADP
fsr-3220	282	16	the	the	DET
fsr-3220	282	17	period	period	NOUN
fsr-3220	282	18	of	of	ADP
fsr-3220	282	19	our	our	PRON
fsr-3220	282	20	study	study	NOUN
fsr-3220	282	21	.	.	PUNCT
fsr-3220	283	1	however	however	ADV
fsr-3220	283	2	,	,	PUNCT
fsr-3220	283	3	this	this	PRON
fsr-3220	283	4	did	do	AUX
fsr-3220	283	5	not	not	PART
fsr-3220	283	6	help	help	VERB
fsr-3220	283	7	investors	investor	NOUN
fsr-3220	283	8	as	as	SCONJ
fsr-3220	283	9	both	both	CCONJ
fsr-3220	283	10	the	the	DET
fsr-3220	283	11	categories	category	NOUN
fsr-3220	283	12	had	have	VERB
fsr-3220	283	13	negative	negative	ADJ
fsr-3220	283	14	absoluteand	absoluteand	CCONJ
fsr-3220	283	15	risk	risk	NOUN
fsr-3220	283	16	-	-	PUNCT
fsr-3220	283	17	adjusted	adjust	VERB
fsr-3220	283	18	performance	performance	NOUN
fsr-3220	283	19	.	.	PUNCT
fsr-3220	284	1	based	base	VERB
fsr-3220	284	2	on	on	ADP
fsr-3220	284	3	our	our	PRON
fsr-3220	284	4	findings	finding	NOUN
fsr-3220	284	5	,	,	PUNCT
fsr-3220	284	6	investors	investor	NOUN
fsr-3220	284	7	would	would	AUX
fsr-3220	284	8	have	have	AUX
fsr-3220	284	9	been	be	AUX
fsr-3220	284	10	better	well	ADJ
fsr-3220	284	11	off	off	ADP
fsr-3220	284	12	with	with	ADP
fsr-3220	284	13	index	index	NOUN
fsr-3220	284	14	funds	fund	NOUN
fsr-3220	284	15	.	.	PUNCT
fsr-3220	285	1	notes	note	VERB
fsr-3220	285	2	1	1	NUM
fsr-3220	285	3	http://www.etf.com/etf-education-center/21043-article-46-alternatives-etfs-can-anetf-replicate-a-hedge-fund.html	http://www.etf.com/etf-education-center/21043-article-46-alternatives-etfs-can-anetf-replicate-a-hedge-fund.html	NOUN
fsr-3220	285	4	.	.	PUNCT
fsr-3220	286	1	acknowledgments	acknowledgment	NOUN
fsr-3220	286	2	i	i	PRON
fsr-3220	286	3	would	would	AUX
fsr-3220	286	4	like	like	VERB
fsr-3220	286	5	to	to	PART
fsr-3220	286	6	express	express	VERB
fsr-3220	286	7	my	my	PRON
fsr-3220	286	8	sincere	sincere	ADJ
fsr-3220	286	9	gratitude	gratitude	NOUN
fsr-3220	286	10	to	to	ADP
fsr-3220	286	11	the	the	DET
fsr-3220	286	12	editor	editor	NOUN
fsr-3220	286	13	and	and	CCONJ
fsr-3220	286	14	two	two	NUM
fsr-3220	286	15	anonymous	anonymous	ADJ
fsr-3220	286	16	referees	referee	NOUN
fsr-3220	286	17	for	for	ADP
fsr-3220	286	18	their	their	PRON
fsr-3220	286	19	helpful	helpful	ADJ
fsr-3220	286	20	suggestions	suggestion	NOUN
fsr-3220	286	21	that	that	PRON
fsr-3220	286	22	greatly	greatly	ADV
fsr-3220	286	23	improved	improve	VERB
fsr-3220	286	24	the	the	DET
fsr-3220	286	25	article	article	NOUN
fsr-3220	286	26	.	.	PUNCT
fsr-3220	287	1	all	all	DET
fsr-3220	287	2	remaining	remain	VERB
fsr-3220	287	3	errors	error	NOUN
fsr-3220	287	4	and	and	CCONJ
fsr-3220	287	5	omissions	omission	NOUN
fsr-3220	287	6	are	be	AUX
fsr-3220	287	7	my	my	PRON
fsr-3220	287	8	responsibility	responsibility	NOUN
fsr-3220	287	9	alone	alone	ADV
fsr-3220	287	10	.	.	PUNCT
fsr-3220	288	1	table	table	NOUN
fsr-3220	288	2	9	9	NUM
fsr-3220	288	3	shows	show	VERB
fsr-3220	288	4	the	the	DET
fsr-3220	288	5	risk	risk	NOUN
fsr-3220	288	6	-	-	PUNCT
fsr-3220	288	7	adjusted	adjust	VERB
fsr-3220	288	8	performance	performance	NOUN
fsr-3220	288	9	(	(	PUNCT
fsr-3220	288	10	sharpe	sharpe	NOUN
fsr-3220	288	11	,	,	PUNCT
fsr-3220	288	12	sortino	sortino	PROPN
fsr-3220	288	13	,	,	PUNCT
fsr-3220	288	14	kappa	kappa	NOUN
fsr-3220	288	15	3	3	NUM
fsr-3220	288	16	,	,	PUNCT
fsr-3220	288	17	and	and	CCONJ
fsr-3220	288	18	omega	omega	NOUN
fsr-3220	288	19	ratios	ratio	NOUN
fsr-3220	288	20	)	)	PUNCT
fsr-3220	288	21	for	for	ADP
fsr-3220	288	22	hedged	hedge	VERB
fsr-3220	288	23	etfs	etfs	NOUN
fsr-3220	288	24	and	and	CCONJ
fsr-3220	288	25	hedged	hedge	VERB
fsr-3220	288	26	mutual	mutual	ADJ
fsr-3220	288	27	funds	fund	NOUN
fsr-3220	288	28	january	january	PROPN
fsr-3220	288	29	2008	2008	NUM
fsr-3220	288	30	through	through	ADP
fsr-3220	288	31	december	december	PROPN
fsr-3220	288	32	2014	2014	NUM
fsr-3220	288	33	sharpe	sharpe	PROPN
fsr-3220	288	34	ratio	ratio	PROPN
fsr-3220	288	35	sortino	sortino	PROPN
fsr-3220	288	36	ratio	ratio	PROPN
fsr-3220	288	37	kappa	kappa	PROPN
fsr-3220	288	38	3	3	NUM
fsr-3220	288	39	ratio	ratio	NOUN
fsr-3220	288	40	omega	omega	NOUN
fsr-3220	288	41	ratio	ratio	NOUN
fsr-3220	288	42	hedged	hedge	VERB
fsr-3220	288	43	etfs	etfs	PROPN
fsr-3220	288	44	�	�	PROPN
fsr-3220	288	45	0.041	0.041	NUM
fsr-3220	288	46	�	�	PROPN
fsr-3220	288	47	0.064	0.064	NUM
fsr-3220	288	48	�	�	PROPN
fsr-3220	288	49	0.018	0.018	NUM
fsr-3220	288	50	0.851	0.851	NUM
fsr-3220	288	51	hedged	hedge	VERB
fsr-3220	288	52	mutual	mutual	ADJ
fsr-3220	288	53	funds	fund	NOUN
fsr-3220	288	54	�	�	PROPN
fsr-3220	288	55	0.217	0.217	NUM
fsr-3220	288	56	�	�	PROPN
fsr-3220	288	57	0.262	0.262	NUM
fsr-3220	288	58	�	�	PROPN
fsr-3220	288	59	0.044	0.044	NUM
fsr-3220	288	60	0.571	0.571	NUM
fsr-3220	288	61	192	192	NUM
fsr-3220	288	62	s.	s.	PROPN
fsr-3220	288	63	kanuri	kanuri	PROPN
fsr-3220	288	64	/	/	SYM
fsr-3220	288	65	financial	financial	ADJ
fsr-3220	288	66	services	service	NOUN
fsr-3220	288	67	review	review	VERB
fsr-3220	288	68	25	25	NUM
fsr-3220	288	69	(	(	PUNCT
fsr-3220	288	70	2016	2016	NUM
fsr-3220	288	71	)	)	PUNCT
fsr-3220	288	72	181–198	181–198	NUM
fsr-3220	288	73	appendix	appendix	VERB
fsr-3220	288	74	a	a	DET
fsr-3220	288	75	etf	etf	NOUN
fsr-3220	288	76	categories	category	NOUN
fsr-3220	288	77	(	(	PUNCT
fsr-3220	288	78	source	source	NOUN
fsr-3220	288	79	:	:	PUNCT
fsr-3220	288	80	morningstar	morningstar	NOUN
fsr-3220	288	81	)	)	PUNCT
fsr-3220	288	82	bear	bear	NOUN
fsr-3220	288	83	market	market	NOUN
fsr-3220	288	84	:	:	PUNCT
fsr-3220	288	85	bear	bear	NOUN
fsr-3220	288	86	-	-	PUNCT
fsr-3220	288	87	market	market	NOUN
fsr-3220	288	88	portfolios	portfolio	NOUN
fsr-3220	288	89	invest	invest	VERB
fsr-3220	288	90	in	in	ADP
fsr-3220	288	91	short	short	ADJ
fsr-3220	288	92	positions	position	NOUN
fsr-3220	288	93	and	and	CCONJ
fsr-3220	288	94	derivatives	derivative	NOUN
fsr-3220	288	95	to	to	PART
fsr-3220	288	96	profit	profit	VERB
fsr-3220	288	97	from	from	ADP
fsr-3220	288	98	stocks	stock	NOUN
fsr-3220	288	99	that	that	PRON
fsr-3220	288	100	drop	drop	VERB
fsr-3220	288	101	in	in	ADP
fsr-3220	288	102	price	price	NOUN
fsr-3220	288	103	.	.	PUNCT
fsr-3220	289	1	because	because	SCONJ
fsr-3220	289	2	these	these	DET
fsr-3220	289	3	portfolios	portfolio	NOUN
fsr-3220	289	4	often	often	ADV
fsr-3220	289	5	have	have	VERB
fsr-3220	289	6	extensive	extensive	ADJ
fsr-3220	289	7	holdings	holding	NOUN
fsr-3220	289	8	in	in	ADP
fsr-3220	289	9	shorts	short	NOUN
fsr-3220	289	10	or	or	CCONJ
fsr-3220	289	11	puts	put	NOUN
fsr-3220	289	12	,	,	PUNCT
fsr-3220	289	13	their	their	PRON
fsr-3220	289	14	returns	return	NOUN
fsr-3220	289	15	generally	generally	ADV
fsr-3220	289	16	move	move	VERB
fsr-3220	289	17	in	in	ADP
fsr-3220	289	18	the	the	DET
fsr-3220	289	19	opposite	opposite	ADJ
fsr-3220	289	20	direction	direction	NOUN
fsr-3220	289	21	of	of	ADP
fsr-3220	289	22	the	the	DET
fsr-3220	289	23	benchmark	benchmark	NOUN
fsr-3220	289	24	index	index	NOUN
fsr-3220	289	25	.	.	PUNCT
fsr-3220	290	1	long	long	ADV
fsr-3220	290	2	-	-	PUNCT
fsr-3220	290	3	short	short	ADJ
fsr-3220	290	4	:	:	PUNCT
fsr-3220	290	5	long	long	ADJ
fsr-3220	290	6	-	-	PUNCT
fsr-3220	290	7	short	short	ADJ
fsr-3220	290	8	portfolios	portfolio	NOUN
fsr-3220	290	9	hold	hold	VERB
fsr-3220	290	10	sizable	sizable	ADJ
fsr-3220	290	11	stakes	stake	NOUN
fsr-3220	290	12	in	in	ADP
fsr-3220	290	13	both	both	CCONJ
fsr-3220	290	14	long	long	ADJ
fsr-3220	290	15	and	and	CCONJ
fsr-3220	290	16	short	short	ADJ
fsr-3220	290	17	positions	position	NOUN
fsr-3220	290	18	.	.	PUNCT
fsr-3220	291	1	some	some	DET
fsr-3220	291	2	funds	fund	NOUN
fsr-3220	291	3	that	that	PRON
fsr-3220	291	4	fall	fall	VERB
fsr-3220	291	5	into	into	ADP
fsr-3220	291	6	this	this	DET
fsr-3220	291	7	category	category	NOUN
fsr-3220	291	8	are	be	AUX
fsr-3220	291	9	market	market	NOUN
fsr-3220	291	10	neutral	neutral	ADJ
fsr-3220	291	11	–	–	PUNCT
fsr-3220	291	12	dividing	divide	VERB
fsr-3220	291	13	their	their	PRON
fsr-3220	291	14	exposure	exposure	NOUN
fsr-3220	291	15	equally	equally	ADV
fsr-3220	291	16	between	between	ADP
fsr-3220	291	17	long	long	ADJ
fsr-3220	291	18	and	and	CCONJ
fsr-3220	291	19	short	short	ADJ
fsr-3220	291	20	positions	position	NOUN
fsr-3220	291	21	in	in	ADP
fsr-3220	291	22	an	an	DET
fsr-3220	291	23	attempt	attempt	NOUN
fsr-3220	291	24	to	to	PART
fsr-3220	291	25	earn	earn	VERB
fsr-3220	291	26	a	a	DET
fsr-3220	291	27	modest	modest	ADJ
fsr-3220	291	28	return	return	NOUN
fsr-3220	291	29	that	that	PRON
fsr-3220	291	30	is	be	AUX
fsr-3220	291	31	not	not	PART
fsr-3220	291	32	tied	tie	VERB
fsr-3220	291	33	to	to	ADP
fsr-3220	291	34	the	the	DET
fsr-3220	291	35	market	market	NOUN
fsr-3220	291	36	’s	’s	PART
fsr-3220	291	37	fortunes	fortune	NOUN
fsr-3220	291	38	.	.	PUNCT
fsr-3220	292	1	other	other	ADJ
fsr-3220	292	2	portfolios	portfolio	NOUN
fsr-3220	292	3	that	that	PRON
fsr-3220	292	4	are	be	AUX
fsr-3220	292	5	not	not	PART
fsr-3220	292	6	market	market	NOUN
fsr-3220	292	7	neutral	neutral	ADJ
fsr-3220	292	8	will	will	AUX
fsr-3220	292	9	shift	shift	VERB
fsr-3220	292	10	their	their	PRON
fsr-3220	292	11	exposure	exposure	NOUN
fsr-3220	292	12	to	to	ADP
fsr-3220	292	13	long	long	ADJ
fsr-3220	292	14	and	and	CCONJ
fsr-3220	292	15	short	short	ADJ
fsr-3220	292	16	positions	position	NOUN
fsr-3220	292	17	depending	depend	VERB
fsr-3220	292	18	upon	upon	SCONJ
fsr-3220	292	19	their	their	PRON
fsr-3220	292	20	macro	macro	ADJ
fsr-3220	292	21	outlook	outlook	NOUN
fsr-3220	292	22	or	or	CCONJ
fsr-3220	292	23	the	the	DET
fsr-3220	292	24	opportunities	opportunity	NOUN
fsr-3220	292	25	they	they	PRON
fsr-3220	292	26	uncover	uncover	VERB
fsr-3220	292	27	through	through	ADP
fsr-3220	292	28	bottom	bottom	ADJ
fsr-3220	292	29	-	-	PUNCT
fsr-3220	292	30	up	up	ADP
fsr-3220	292	31	research	research	NOUN
fsr-3220	292	32	.	.	PUNCT
fsr-3220	293	1	managed	manage	VERB
fsr-3220	293	2	futures	future	NOUN
fsr-3220	293	3	:	:	PUNCT
fsr-3220	293	4	these	these	DET
fsr-3220	293	5	etfs	etfs	PROPN
fsr-3220	293	6	typically	typically	ADV
fsr-3220	293	7	take	take	VERB
fsr-3220	293	8	long	long	ADJ
fsr-3220	293	9	and	and	CCONJ
fsr-3220	293	10	short	short	ADJ
fsr-3220	293	11	positions	position	NOUN
fsr-3220	293	12	in	in	ADP
fsr-3220	293	13	futures	future	NOUN
fsr-3220	293	14	or	or	CCONJ
fsr-3220	293	15	other	other	ADJ
fsr-3220	293	16	derivative	derivative	ADJ
fsr-3220	293	17	contracts	contract	NOUN
fsr-3220	293	18	according	accord	VERB
fsr-3220	293	19	to	to	ADP
fsr-3220	293	20	a	a	DET
fsr-3220	293	21	trend	trend	NOUN
fsr-3220	293	22	-	-	PUNCT
fsr-3220	293	23	following	follow	VERB
fsr-3220	293	24	or	or	CCONJ
fsr-3220	293	25	momentum	momentum	NOUN
fsr-3220	293	26	strategy	strategy	NOUN
fsr-3220	293	27	.	.	PUNCT
fsr-3220	294	1	market	market	NOUN
fsr-3220	294	2	neutral	neutral	ADJ
fsr-3220	294	3	:	:	PUNCT
fsr-3220	294	4	these	these	DET
fsr-3220	294	5	etfs	etfs	PROPN
fsr-3220	294	6	try	try	VERB
fsr-3220	294	7	to	to	PART
fsr-3220	294	8	earn	earn	VERB
fsr-3220	294	9	income	income	NOUN
fsr-3220	294	10	by	by	ADP
fsr-3220	294	11	maintaining	maintain	VERB
fsr-3220	294	12	low	low	ADJ
fsr-3220	294	13	correlation	correlation	NOUN
fsr-3220	294	14	with	with	ADP
fsr-3220	294	15	the	the	DET
fsr-3220	294	16	market	market	NOUN
fsr-3220	294	17	.	.	PUNCT
fsr-3220	295	1	these	these	DET
fsr-3220	295	2	funds	fund	NOUN
fsr-3220	295	3	usually	usually	ADV
fsr-3220	295	4	have	have	VERB
fsr-3220	295	5	50	50	NUM
fsr-3220	295	6	%	%	NOUN
fsr-3220	295	7	of	of	ADP
fsr-3220	295	8	net	net	ADJ
fsr-3220	295	9	assets	asset	NOUN
fsr-3220	295	10	in	in	ADP
fsr-3220	295	11	long	long	ADJ
fsr-3220	295	12	positions	position	NOUN
fsr-3220	295	13	while	while	SCONJ
fsr-3220	295	14	holding	hold	VERB
fsr-3220	295	15	50	50	NUM
fsr-3220	295	16	%	%	NOUN
fsr-3220	295	17	of	of	ADP
fsr-3220	295	18	net	net	ADJ
fsr-3220	295	19	assets	asset	NOUN
fsr-3220	295	20	in	in	ADP
fsr-3220	295	21	short	short	ADJ
fsr-3220	295	22	positions	position	NOUN
fsr-3220	295	23	.	.	PUNCT
fsr-3220	296	1	their	their	PRON
fsr-3220	296	2	goal	goal	NOUN
fsr-3220	296	3	is	be	AUX
fsr-3220	296	4	to	to	PART
fsr-3220	296	5	deliver	deliver	VERB
fsr-3220	296	6	positive	positive	ADJ
fsr-3220	296	7	returns	return	NOUN
fsr-3220	296	8	regardless	regardless	ADV
fsr-3220	296	9	of	of	ADP
fsr-3220	296	10	fluctuations	fluctuation	NOUN
fsr-3220	296	11	in	in	ADP
fsr-3220	296	12	market	market	NOUN
fsr-3220	296	13	.	.	PUNCT
fsr-3220	297	1	multi	multi	ADJ
fsr-3220	297	2	-	-	ADJ
fsr-3220	297	3	alternative	alternative	ADJ
fsr-3220	297	4	:	:	PUNCT
fsr-3220	297	5	these	these	DET
fsr-3220	297	6	etfs	etfs	PROPN
fsr-3220	297	7	offer	offer	VERB
fsr-3220	297	8	investors	investor	NOUN
fsr-3220	297	9	exposure	exposure	NOUN
fsr-3220	297	10	to	to	ADP
fsr-3220	297	11	a	a	DET
fsr-3220	297	12	combination	combination	NOUN
fsr-3220	297	13	of	of	ADP
fsr-3220	297	14	strategies	strategy	NOUN
fsr-3220	297	15	like	like	ADP
fsr-3220	297	16	long	long	ADV
fsr-3220	297	17	-	-	PUNCT
fsr-3220	297	18	short	short	ADJ
fsr-3220	297	19	equity	equity	NOUN
fsr-3220	297	20	and	and	CCONJ
fsr-3220	297	21	debt	debt	NOUN
fsr-3220	297	22	,	,	PUNCT
fsr-3220	297	23	managed	manage	VERB
fsr-3220	297	24	futures	future	NOUN
fsr-3220	297	25	,	,	PUNCT
fsr-3220	297	26	global	global	ADJ
fsr-3220	297	27	macro	macro	NOUN
fsr-3220	297	28	,	,	PUNCT
fsr-3220	297	29	and	and	CCONJ
fsr-3220	297	30	convertible	convertible	ADJ
fsr-3220	297	31	arbitrage	arbitrage	NOUN
fsr-3220	297	32	,	,	PUNCT
fsr-3220	297	33	among	among	ADP
fsr-3220	297	34	others	other	NOUN
fsr-3220	297	35	.	.	PUNCT
fsr-3220	298	1	these	these	DET
fsr-3220	298	2	strategies	strategy	NOUN
fsr-3220	298	3	may	may	AUX
fsr-3220	298	4	change	change	VERB
fsr-3220	298	5	in	in	ADP
fsr-3220	298	6	response	response	NOUN
fsr-3220	298	7	to	to	ADP
fsr-3220	298	8	market	market	NOUN
fsr-3220	298	9	conditions	condition	NOUN
fsr-3220	298	10	.	.	PUNCT
fsr-3220	299	1	non	non	ADJ
fsr-3220	299	2	-	-	ADJ
fsr-3220	299	3	traditional	traditional	ADJ
fsr-3220	299	4	bonds	bond	NOUN
fsr-3220	299	5	:	:	PUNCT
fsr-3220	299	6	many	many	ADJ
fsr-3220	299	7	etfs	etfs	NOUN
fsr-3220	299	8	in	in	ADP
fsr-3220	299	9	this	this	DET
fsr-3220	299	10	group	group	NOUN
fsr-3220	299	11	describe	describe	VERB
fsr-3220	299	12	themselves	themselves	PRON
fsr-3220	299	13	as	as	ADP
fsr-3220	299	14	“	"	PUNCT
fsr-3220	299	15	absolute	absolute	ADJ
fsr-3220	299	16	return	return	NOUN
fsr-3220	299	17	”	"	PUNCT
fsr-3220	299	18	portfolios	portfolio	NOUN
fsr-3220	299	19	,	,	PUNCT
fsr-3220	299	20	which	which	PRON
fsr-3220	299	21	seek	seek	VERB
fsr-3220	299	22	to	to	PART
fsr-3220	299	23	avoid	avoid	VERB
fsr-3220	299	24	losses	loss	NOUN
fsr-3220	299	25	and	and	CCONJ
fsr-3220	299	26	produce	produce	VERB
fsr-3220	299	27	returns	return	NOUN
fsr-3220	299	28	uncorrelated	uncorrelate	VERB
fsr-3220	299	29	with	with	ADP
fsr-3220	299	30	the	the	DET
fsr-3220	299	31	overall	overall	ADJ
fsr-3220	299	32	bond	bond	NOUN
fsr-3220	299	33	market	market	NOUN
fsr-3220	299	34	;	;	PUNCT
fsr-3220	299	35	they	they	PRON
fsr-3220	299	36	use	use	VERB
fsr-3220	299	37	a	a	DET
fsr-3220	299	38	variety	variety	NOUN
fsr-3220	299	39	of	of	ADP
fsr-3220	299	40	methods	method	NOUN
fsr-3220	299	41	to	to	PART
fsr-3220	299	42	achieve	achieve	VERB
fsr-3220	299	43	those	those	DET
fsr-3220	299	44	aims	aim	NOUN
fsr-3220	299	45	.	.	PUNCT
fsr-3220	300	1	appendix	appendix	PROPN
fsr-3220	300	2	b	b	PROPN
fsr-3220	300	3	shows	show	VERB
fsr-3220	300	4	the	the	DET
fsr-3220	300	5	different	different	ADJ
fsr-3220	300	6	replication	replication	NOUN
fsr-3220	300	7	strategies	strategy	NOUN
fsr-3220	300	8	for	for	ADP
fsr-3220	300	9	hedged	hedge	VERB
fsr-3220	300	10	etfs	etfs	NOUN
fsr-3220	300	11	1	1	NUM
fsr-3220	300	12	.	.	PUNCT
fsr-3220	300	13	direct	direct	ADJ
fsr-3220	300	14	approach	approach	NOUN
fsr-3220	300	15	:	:	PUNCT
fsr-3220	300	16	the	the	DET
fsr-3220	300	17	easiest	easy	ADJ
fsr-3220	300	18	way	way	NOUN
fsr-3220	300	19	for	for	SCONJ
fsr-3220	300	20	hedged	hedge	VERB
fsr-3220	300	21	etfs	etfs	NOUN
fsr-3220	300	22	to	to	PART
fsr-3220	300	23	replicate	replicate	VERB
fsr-3220	300	24	hedge	hedge	NOUN
fsr-3220	300	25	fund	fund	NOUN
fsr-3220	300	26	returns	return	NOUN
fsr-3220	300	27	would	would	AUX
fsr-3220	300	28	be	be	AUX
fsr-3220	300	29	to	to	PART
fsr-3220	300	30	hold	hold	VERB
fsr-3220	300	31	the	the	DET
fsr-3220	300	32	hedge	hedge	NOUN
fsr-3220	300	33	fund	fund	NOUN
fsr-3220	300	34	themselves	themselves	PRON
fsr-3220	300	35	.	.	PUNCT
fsr-3220	301	1	however	however	ADV
fsr-3220	301	2	,	,	PUNCT
fsr-3220	301	3	hedge	hedge	NOUN
fsr-3220	301	4	funds	fund	NOUN
fsr-3220	301	5	have	have	VERB
fsr-3220	301	6	much	much	ADV
fsr-3220	301	7	longer	long	ADJ
fsr-3220	301	8	lock	lock	VERB
fsr-3220	301	9	-	-	PUNCT
fsr-3220	301	10	up	up	ADP
fsr-3220	301	11	periods	period	NOUN
fsr-3220	301	12	and	and	CCONJ
fsr-3220	301	13	etfs	etfs	PROPN
fsr-3220	301	14	require	require	VERB
fsr-3220	301	15	their	their	PRON
fsr-3220	301	16	assets	asset	NOUN
fsr-3220	301	17	to	to	PART
fsr-3220	301	18	be	be	AUX
fsr-3220	301	19	traded	trade	VERB
fsr-3220	301	20	daily	daily	ADV
fsr-3220	301	21	.	.	PUNCT
fsr-3220	302	1	therefore	therefore	ADV
fsr-3220	302	2	,	,	PUNCT
fsr-3220	302	3	hedged	hedge	VERB
fsr-3220	302	4	etfs	etfs	NOUN
fsr-3220	302	5	can	can	AUX
fsr-3220	302	6	directly	directly	ADV
fsr-3220	302	7	follow	follow	VERB
fsr-3220	302	8	hedge	hedge	NOUN
fsr-3220	302	9	funds	fund	NOUN
fsr-3220	302	10	strategies	strategy	NOUN
fsr-3220	302	11	wherever	wherever	SCONJ
fsr-3220	302	12	strategy	strategy	NOUN
fsr-3220	302	13	permits	permit	VERB
fsr-3220	302	14	.	.	PUNCT
fsr-3220	303	1	for	for	ADP
fsr-3220	303	2	example	example	NOUN
fsr-3220	303	3	,	,	PUNCT
fsr-3220	303	4	hedged	hedge	VERB
fsr-3220	303	5	etfs	etfs	NOUN
fsr-3220	303	6	can	can	AUX
fsr-3220	303	7	buy	buy	VERB
fsr-3220	303	8	underpriced	underpriced	ADJ
fsr-3220	303	9	securities	security	NOUN
fsr-3220	303	10	and	and	CCONJ
fsr-3220	303	11	short	short	ADJ
fsr-3220	303	12	overpriced	overpriced	ADJ
fsr-3220	303	13	ones	one	NOUN
fsr-3220	303	14	.	.	PUNCT
fsr-3220	304	1	these	these	DET
fsr-3220	304	2	etfs	etfs	PROPN
fsr-3220	304	3	can	can	AUX
fsr-3220	304	4	also	also	ADV
fsr-3220	304	5	use	use	VERB
fsr-3220	304	6	leverage	leverage	NOUN
fsr-3220	304	7	,	,	PUNCT
fsr-3220	304	8	derivatives	derivative	NOUN
fsr-3220	304	9	,	,	PUNCT
fsr-3220	304	10	options	option	NOUN
fsr-3220	304	11	,	,	PUNCT
fsr-3220	304	12	and	and	CCONJ
fsr-3220	304	13	swaps	swap	NOUN
fsr-3220	304	14	(	(	PUNCT
fsr-3220	304	15	like	like	ADP
fsr-3220	304	16	hedge	hedge	NOUN
fsr-3220	304	17	funds	fund	NOUN
fsr-3220	304	18	)	)	PUNCT
fsr-3220	304	19	to	to	PART
fsr-3220	304	20	seek	seek	VERB
fsr-3220	304	21	higher	high	ADJ
fsr-3220	304	22	returns	return	NOUN
fsr-3220	304	23	.	.	PUNCT
fsr-3220	305	1	2	2	X
fsr-3220	305	2	.	.	X
fsr-3220	305	3	hedge	hedge	NOUN
fsr-3220	305	4	fund	fund	NOUN
fsr-3220	305	5	replication	replication	NOUN
fsr-3220	305	6	:	:	PUNCT
fsr-3220	305	7	lot	lot	NOUN
fsr-3220	305	8	of	of	ADP
fsr-3220	305	9	these	these	DET
fsr-3220	305	10	hedged	hedge	VERB
fsr-3220	305	11	etfs	etfs	NOUN
fsr-3220	305	12	seeks	seek	VERB
fsr-3220	305	13	to	to	PART
fsr-3220	305	14	track	track	VERB
fsr-3220	305	15	a	a	DET
fsr-3220	305	16	custom	custom	NOUN
fsr-3220	305	17	index	index	NOUN
fsr-3220	305	18	that	that	SCONJ
fsr-3220	305	19	,	,	PUNCT
fsr-3220	305	20	in	in	ADP
fsr-3220	305	21	turn	turn	NOUN
fsr-3220	305	22	,	,	PUNCT
fsr-3220	305	23	seeks	seek	VERB
fsr-3220	305	24	to	to	PART
fsr-3220	305	25	track	track	VERB
fsr-3220	305	26	the	the	DET
fsr-3220	305	27	risk	risk	NOUN
fsr-3220	305	28	-	-	PUNCT
fsr-3220	305	29	adjusted	adjust	VERB
fsr-3220	305	30	return	return	NOUN
fsr-3220	305	31	characteristics	characteristic	NOUN
fsr-3220	305	32	of	of	ADP
fsr-3220	305	33	hedge	hedge	NOUN
fsr-3220	305	34	funds	fund	NOUN
fsr-3220	305	35	.	.	PUNCT
fsr-3220	306	1	this	this	DET
fsr-3220	306	2	process	process	NOUN
fsr-3220	306	3	is	be	AUX
fsr-3220	306	4	called	call	VERB
fsr-3220	306	5	hedge	hedge	NOUN
fsr-3220	306	6	fund	fund	NOUN
fsr-3220	306	7	replication	replication	NOUN
fsr-3220	306	8	.	.	PUNCT
fsr-3220	307	1	hedge	hedge	NOUN
fsr-3220	307	2	funds	fund	NOUN
fsr-3220	307	3	report	report	VERB
fsr-3220	307	4	their	their	PRON
fsr-3220	307	5	returns	return	NOUN
fsr-3220	307	6	to	to	ADP
fsr-3220	307	7	a	a	DET
fsr-3220	307	8	hedge	hedge	NOUN
fsr-3220	307	9	fund	fund	NOUN
fsr-3220	307	10	indexing	indexing	NOUN
fsr-3220	307	11	firm	firm	NOUN
fsr-3220	307	12	.	.	PUNCT
fsr-3220	308	1	the	the	DET
fsr-3220	308	2	hedge	hedge	NOUN
fsr-3220	308	3	fund	fund	PROPN
fsr-3220	308	4	indexing	indexing	NOUN
fsr-3220	308	5	firm	firm	NOUN
fsr-3220	308	6	then	then	ADV
fsr-3220	308	7	creates	create	VERB
fsr-3220	308	8	an	an	DET
fsr-3220	308	9	index	index	NOUN
fsr-3220	308	10	that	that	PRON
fsr-3220	308	11	replicates	replicate	VERB
fsr-3220	308	12	the	the	DET
fsr-3220	308	13	returns	return	NOUN
fsr-3220	308	14	of	of	ADP
fsr-3220	308	15	the	the	DET
fsr-3220	308	16	hedge	hedge	NOUN
fsr-3220	308	17	funds	fund	NOUN
fsr-3220	308	18	either	either	CCONJ
fsr-3220	308	19	broadly	broadly	ADV
fsr-3220	308	20	or	or	CCONJ
fsr-3220	308	21	by	by	ADP
fsr-3220	308	22	a	a	DET
fsr-3220	308	23	specific	specific	ADJ
fsr-3220	308	24	strategy	strategy	NOUN
fsr-3220	308	25	.	.	PUNCT
fsr-3220	309	1	these	these	DET
fsr-3220	309	2	etfs	etfs	PROPN
fsr-3220	309	3	try	try	VERB
fsr-3220	309	4	to	to	PART
fsr-3220	309	5	replicate	replicate	VERB
fsr-3220	309	6	the	the	DET
fsr-3220	309	7	returns	return	NOUN
fsr-3220	309	8	of	of	ADP
fsr-3220	309	9	hedge	hedge	NOUN
fsr-3220	309	10	funds	fund	NOUN
fsr-3220	309	11	by	by	ADP
fsr-3220	309	12	buying	buy	VERB
fsr-3220	309	13	actual	actual	ADJ
fsr-3220	309	14	assets	asset	NOUN
fsr-3220	309	15	that	that	PRON
fsr-3220	309	16	hedge	hedge	NOUN
fsr-3220	309	17	funds	fund	NOUN
fsr-3220	309	18	hold	hold	VERB
fsr-3220	309	19	using	use	VERB
fsr-3220	309	20	regressions	regression	NOUN
fsr-3220	309	21	and	and	CCONJ
fsr-3220	309	22	other	other	ADJ
fsr-3220	309	23	statistical	statistical	ADJ
fsr-3220	309	24	process	process	NOUN
fsr-3220	309	25	.	.	PUNCT
fsr-3220	310	1	(	(	PUNCT
fsr-3220	310	2	however	however	ADV
fsr-3220	310	3	,	,	PUNCT
fsr-3220	310	4	according	accord	VERB
fsr-3220	310	5	to	to	ADP
fsr-3220	310	6	morningstar	morningstar	NOUN
fsr-3220	310	7	direct	direct	VERB
fsr-3220	310	8	some	some	PRON
fsr-3220	310	9	of	of	ADP
fsr-3220	310	10	these	these	DET
fsr-3220	310	11	hedged	hedge	VERB
fsr-3220	310	12	etfs	etfs	NOUN
fsr-3220	310	13	do	do	AUX
fsr-3220	310	14	not	not	PART
fsr-3220	310	15	have	have	VERB
fsr-3220	310	16	a	a	DET
fsr-3220	310	17	benchmark	benchmark	NOUN
fsr-3220	310	18	.	.	PUNCT
fsr-3220	310	19	)	)	PUNCT
fsr-3220	311	1	193s	193s	PROPN
fsr-3220	311	2	.	.	PUNCT
fsr-3220	312	1	kanuri	kanuri	PROPN
fsr-3220	312	2	/	/	SYM
fsr-3220	312	3	financial	financial	ADJ
fsr-3220	312	4	services	service	NOUN
fsr-3220	312	5	review	review	VERB
fsr-3220	312	6	25	25	NUM
fsr-3220	312	7	(	(	PUNCT
fsr-3220	312	8	2016	2016	NUM
fsr-3220	312	9	)	)	PUNCT
fsr-3220	312	10	181–198	181–198	NUM
fsr-3220	312	11	3	3	NUM
fsr-3220	312	12	.	.	PUNCT
fsr-3220	312	13	copycat	copycat	NOUN
fsr-3220	312	14	:	:	PUNCT
fsr-3220	312	15	hedge	hedge	NOUN
fsr-3220	312	16	funds	fund	NOUN
fsr-3220	312	17	by	by	ADP
fsr-3220	312	18	law	law	NOUN
fsr-3220	312	19	are	be	AUX
fsr-3220	312	20	required	require	VERB
fsr-3220	312	21	to	to	PART
fsr-3220	312	22	disclose	disclose	VERB
fsr-3220	312	23	their	their	PRON
fsr-3220	312	24	holdings	holding	NOUN
fsr-3220	312	25	.	.	PUNCT
fsr-3220	313	1	hedged	hedge	VERB
fsr-3220	313	2	etfs	etfs	NOUN
fsr-3220	313	3	rely	rely	VERB
fsr-3220	313	4	on	on	ADP
fsr-3220	313	5	13f	13f	NUM
fsr-3220	313	6	filings	filing	NOUN
fsr-3220	313	7	reported	report	VERB
fsr-3220	313	8	by	by	ADP
fsr-3220	313	9	the	the	DET
fsr-3220	313	10	hedge	hedge	NOUN
fsr-3220	313	11	funds	fund	NOUN
fsr-3220	313	12	.	.	PUNCT
fsr-3220	314	1	however	however	ADV
fsr-3220	314	2	,	,	PUNCT
fsr-3220	314	3	hedge	hedge	NOUN
fsr-3220	314	4	funds	fund	NOUN
fsr-3220	314	5	are	be	AUX
fsr-3220	314	6	secretive	secretive	ADJ
fsr-3220	314	7	and	and	CCONJ
fsr-3220	314	8	do	do	AUX
fsr-3220	314	9	n’t	not	PART
fsr-3220	314	10	publish	publish	VERB
fsr-3220	314	11	their	their	PRON
fsr-3220	314	12	holding	holding	NOUN
fsr-3220	314	13	unlike	unlike	ADP
fsr-3220	314	14	etfs	etfs	NOUN
fsr-3220	314	15	.	.	PUNCT
fsr-3220	315	1	however	however	ADV
fsr-3220	315	2	,	,	PUNCT
fsr-3220	315	3	the	the	DET
fsr-3220	315	4	law	law	NOUN
fsr-3220	315	5	requires	require	VERB
fsr-3220	315	6	hedge	hedge	NOUN
fsr-3220	315	7	funds	fund	NOUN
fsr-3220	315	8	to	to	PART
fsr-3220	315	9	disclose	disclose	VERB
fsr-3220	315	10	their	their	PRON
fsr-3220	315	11	data	datum	NOUN
fsr-3220	315	12	on	on	ADP
fsr-3220	315	13	a	a	DET
fsr-3220	315	14	quarterly	quarterly	ADJ
fsr-3220	315	15	,	,	PUNCT
fsr-3220	315	16	lagged	lag	VERB
fsr-3220	315	17	basis	basis	NOUN
fsr-3220	315	18	.	.	PUNCT
fsr-3220	316	1	most	most	ADJ
fsr-3220	316	2	hedge	hedge	NOUN
fsr-3220	316	3	funds	fund	NOUN
fsr-3220	316	4	could	could	AUX
fsr-3220	316	5	have	have	AUX
fsr-3220	316	6	already	already	ADV
fsr-3220	316	7	sold	sell	VERB
fsr-3220	316	8	their	their	PRON
fsr-3220	316	9	stock	stock	NOUN
fsr-3220	316	10	by	by	ADP
fsr-3220	316	11	the	the	DET
fsr-3220	316	12	time	time	NOUN
fsr-3220	316	13	the	the	DET
fsr-3220	316	14	filings	filing	NOUN
fsr-3220	316	15	are	be	AUX
fsr-3220	316	16	public	public	ADJ
fsr-3220	316	17	.	.	PUNCT
fsr-3220	317	1	appendix	appendix	VERB
fsr-3220	317	2	c	c	NOUN
fsr-3220	317	3	:	:	PUNCT
fsr-3220	317	4	shows	show	VERB
fsr-3220	317	5	the	the	DET
fsr-3220	317	6	list	list	NOUN
fsr-3220	317	7	of	of	ADP
fsr-3220	317	8	hedged	hedge	VERB
fsr-3220	317	9	etfs	etfs	NOUN
fsr-3220	317	10	,	,	PUNCT
fsr-3220	317	11	the	the	DET
fsr-3220	317	12	category	category	NOUN
fsr-3220	317	13	to	to	PART
fsr-3220	317	14	which	which	PRON
fsr-3220	317	15	it	it	PRON
fsr-3220	317	16	belongs	belong	VERB
fsr-3220	317	17	and	and	CCONJ
fsr-3220	317	18	their	their	PRON
fsr-3220	317	19	inception	inception	NOUN
fsr-3220	317	20	date	date	NOUN
fsr-3220	317	21	number	number	NOUN
fsr-3220	317	22	etf	etf	NOUN
fsr-3220	317	23	ticker	ticker	PROPN
fsr-3220	317	24	category	category	NOUN
fsr-3220	317	25	inception	inception	VERB
fsr-3220	317	26	1	1	NUM
fsr-3220	317	27	rydex	rydex	NOUN
fsr-3220	317	28	inverse	inverse	NOUN
fsr-3220	317	29	2	2	NUM
fsr-3220	317	30	�	�	PROPN
fsr-3220	317	31	s&p	s&p	PROPN
fsr-3220	317	32	midcap	midcap	NOUN
fsr-3220	317	33	400	400	NUM
fsr-3220	317	34	*	*	NOUN
fsr-3220	317	35	rms	rm	NOUN
fsr-3220	317	36	bear	bear	VERB
fsr-3220	317	37	11/5/2007	11/5/2007	NUM
fsr-3220	317	38	2	2	NUM
fsr-3220	317	39	rydex	rydex	NOUN
fsr-3220	317	40	inverse	inverse	NOUN
fsr-3220	317	41	2	2	NUM
fsr-3220	317	42	�	�	PROPN
fsr-3220	317	43	russell	russell	PROPN
fsr-3220	317	44	2000	2000	NUM
fsr-3220	317	45	*	*	PUNCT
fsr-3220	318	1	rry	rry	AUX
fsr-3220	318	2	bear	bear	VERB
fsr-3220	318	3	11/5/2007	11/5/2007	NUM
fsr-3220	318	4	3	3	NUM
fsr-3220	318	5	rydex	rydex	NOUN
fsr-3220	318	6	inverse	inverse	NOUN
fsr-3220	318	7	2	2	NUM
fsr-3220	318	8	�	�	PROPN
fsr-3220	318	9	s&p	s&p	PROPN
fsr-3220	318	10	select	select	ADJ
fsr-3220	318	11	sector	sector	NOUN
fsr-3220	318	12	engy	engy	NOUN
fsr-3220	318	13	*	*	PUNCT
fsr-3220	318	14	rec	rec	X
fsr-3220	318	15	bear	bear	NOUN
fsr-3220	318	16	6/10/2008	6/10/2008	NUM
fsr-3220	318	17	4	4	NUM
fsr-3220	318	18	rydex	rydex	NOUN
fsr-3220	318	19	inverse	inverse	NOUN
fsr-3220	318	20	2	2	NUM
fsr-3220	318	21	�	�	PROPN
fsr-3220	318	22	s&p	s&p	PROPN
fsr-3220	318	23	select	select	ADJ
fsr-3220	318	24	sector	sector	NOUN
fsr-3220	318	25	fincl	fincl	NOUN
fsr-3220	318	26	*	*	PUNCT
fsr-3220	318	27	rfn	rfn	NOUN
fsr-3220	318	28	bear	bear	VERB
fsr-3220	318	29	6/10/2008	6/10/2008	NUM
fsr-3220	318	30	5	5	NUM
fsr-3220	318	31	rydex	rydex	NOUN
fsr-3220	318	32	inverse	inverse	NOUN
fsr-3220	318	33	2	2	NUM
fsr-3220	318	34	�	�	PROPN
fsr-3220	318	35	s&p	s&p	PROPN
fsr-3220	318	36	select	select	ADJ
fsr-3220	318	37	sector	sector	NOUN
fsr-3220	318	38	hlth	hlth	NOUN
fsr-3220	318	39	*	*	PUNCT
fsr-3220	318	40	rho	rho	ADJ
fsr-3220	318	41	bear	bear	NOUN
fsr-3220	318	42	6/10/2008	6/10/2008	NUM
fsr-3220	318	43	6	6	NUM
fsr-3220	318	44	rydex	rydex	NOUN
fsr-3220	318	45	inverse	inverse	NOUN
fsr-3220	318	46	2	2	NUM
fsr-3220	318	47	�	�	PROPN
fsr-3220	318	48	s&p	s&p	PROPN
fsr-3220	318	49	select	select	ADJ
fsr-3220	318	50	sector	sector	NOUN
fsr-3220	318	51	tech	tech	NOUN
fsr-3220	318	52	*	*	PUNCT
fsr-3220	318	53	rtw	rtw	NOUN
fsr-3220	318	54	bear	bear	NOUN
fsr-3220	318	55	6/10/2008	6/10/2008	NUM
fsr-3220	318	56	7	7	NUM
fsr-3220	318	57	macroshares	macroshare	VERB
fsr-3220	318	58	major	major	ADJ
fsr-3220	318	59	metro	metro	PROPN
fsr-3220	318	60	housing	housing	PROPN
fsr-3220	318	61	down	down	ADP
fsr-3220	318	62	*	*	PUNCT
fsr-3220	318	63	dmm	dmm	PROPN
fsr-3220	318	64	bear	bear	NOUN
fsr-3220	318	65	6/30/2009	6/30/2009	NUM
fsr-3220	318	66	8	8	NUM
fsr-3220	318	67	direxion	direxion	NOUN
fsr-3220	318	68	daily	daily	ADJ
fsr-3220	318	69	2	2	NUM
fsr-3220	318	70	yr	yr	NOUN
fsr-3220	318	71	trsy	trsy	NOUN
fsr-3220	318	72	bear	bear	VERB
fsr-3220	318	73	3	3	NUM
fsr-3220	318	74	�	�	PROPN
fsr-3220	318	75	shares	share	NOUN
fsr-3220	318	76	*	*	PUNCT
fsr-3220	318	77	twoz	twoz	NOUN
fsr-3220	318	78	bear	bear	VERB
fsr-3220	318	79	2/25/2010	2/25/2010	NUM
fsr-3220	318	80	9	9	NUM
fsr-3220	318	81	advisorshares	advisorshare	NOUN
fsr-3220	318	82	ranger	ranger	NOUN
fsr-3220	318	83	equity	equity	NOUN
fsr-3220	318	84	bear	bear	PROPN
fsr-3220	318	85	etf	etf	PROPN
fsr-3220	318	86	hdge	hdge	PROPN
fsr-3220	318	87	bear	bear	VERB
fsr-3220	318	88	1/26/2011	1/26/2011	NUM
fsr-3220	318	89	10	10	NUM
fsr-3220	318	90	advisorshares	advisorshare	NOUN
fsr-3220	318	91	athena	athena	PROPN
fsr-3220	318	92	intl	intl	PROPN
fsr-3220	318	93	bear	bear	PROPN
fsr-3220	318	94	etf	etf	PROPN
fsr-3220	318	95	*	*	PROPN
fsr-3220	318	96	hdgi	hdgi	ADV
fsr-3220	318	97	bear	bear	PROPN
fsr-3220	318	98	7/18/2013	7/18/2013	NUM
fsr-3220	318	99	11	11	NUM
fsr-3220	318	100	powershares	powershare	NOUN
fsr-3220	318	101	nasdaq-100	nasdaq-100	VERB
fsr-3220	318	102	buywrite	buywrite	NOUN
fsr-3220	318	103	*	*	SYM
fsr-3220	318	104	pqbw	pqbw	NOUN
fsr-3220	318	105	long	long	ADV
fsr-3220	318	106	short	short	ADJ
fsr-3220	318	107	6/12/2008	6/12/2008	NUM
fsr-3220	318	108	12	12	NUM
fsr-3220	318	109	advisorshares	advisorshare	NOUN
fsr-3220	318	110	accuvest	accuv	ADJ
fsr-3220	318	111	glbl	glbl	PROPN
fsr-3220	318	112	lg	lg	PROPN
fsr-3220	318	113	sht	sht	PROPN
fsr-3220	318	114	etf	etf	NOUN
fsr-3220	318	115	agls	agls	NOUN
fsr-3220	318	116	long	long	ADV
fsr-3220	318	117	short	short	ADJ
fsr-3220	318	118	7/8/2010	7/8/2010	NUM
fsr-3220	318	119	13	13	NUM
fsr-3220	318	120	advisorshares	advisorshare	NOUN
fsr-3220	318	121	qam	qam	PROPN
fsr-3220	318	122	equity	equity	PROPN
fsr-3220	318	123	hedge	hedge	PROPN
fsr-3220	318	124	etf	etf	PROPN
fsr-3220	318	125	qeh	qeh	NOUN
fsr-3220	318	126	long	long	ADV
fsr-3220	318	127	short	short	ADJ
fsr-3220	318	128	8/7/2012	8/7/2012	NUM
fsr-3220	318	129	14	14	NUM
fsr-3220	318	130	first	first	ADJ
fsr-3220	318	131	trust	trust	NOUN
fsr-3220	318	132	cboe	cboe	PROPN
fsr-3220	318	133	s&p	s&p	PROPN
fsr-3220	318	134	500	500	NUM
fsr-3220	318	135	vixtail	vixtail	NOUN
fsr-3220	318	136	h	h	PROPN
fsr-3220	318	137	etf	etf	NOUN
fsr-3220	318	138	vixh	vixh	NOUN
fsr-3220	318	139	long	long	ADV
fsr-3220	318	140	short	short	ADJ
fsr-3220	318	141	8/29/2012	8/29/2012	NUM
fsr-3220	318	142	15	15	NUM
fsr-3220	318	143	powershares	powershare	NOUN
fsr-3220	318	144	s&p	s&p	PROPN
fsr-3220	318	145	500	500	NUM
fsr-3220	318	146	downside	downside	ADJ
fsr-3220	318	147	hedged	hedge	VERB
fsr-3220	318	148	etf	etf	NOUN
fsr-3220	318	149	phdg	phdg	NOUN
fsr-3220	318	150	long	long	ADV
fsr-3220	318	151	short	short	ADJ
fsr-3220	318	152	12/5/2012	12/5/2012	NUM
fsr-3220	318	153	16	16	NUM
fsr-3220	318	154	us	us	PROPN
fsr-3220	318	155	equity	equity	NOUN
fsr-3220	318	156	high	high	ADJ
fsr-3220	318	157	volatility	volatility	NOUN
fsr-3220	318	158	put	put	VERB
fsr-3220	318	159	write	write	NOUN
fsr-3220	318	160	etf	etf	PROPN
fsr-3220	318	161	hvpw	hvpw	PROPN
fsr-3220	318	162	long	long	ADV
fsr-3220	318	163	short	short	ADJ
fsr-3220	318	164	2/27/2013	2/27/2013	NUM
fsr-3220	318	165	17	17	NUM
fsr-3220	318	166	janus	janus	PROPN
fsr-3220	318	167	velocity	velocity	NOUN
fsr-3220	318	168	tail	tail	NOUN
fsr-3220	318	169	risk	risk	NOUN
fsr-3220	318	170	hdgd	hdgd	NOUN
fsr-3220	318	171	lg	lg	PROPN
fsr-3220	318	172	cp	cp	PROPN
fsr-3220	318	173	etf	etf	PROPN
fsr-3220	318	174	trsk	trsk	PROPN
fsr-3220	318	175	long	long	ADV
fsr-3220	318	176	short	short	ADJ
fsr-3220	318	177	6/20/2013	6/20/2013	NUM
fsr-3220	318	178	18	18	NUM
fsr-3220	318	179	janus	janus	PROPN
fsr-3220	318	180	velocity	velocity	NOUN
fsr-3220	318	181	volatility	volatility	NOUN
fsr-3220	318	182	hdgd	hdgd	NOUN
fsr-3220	318	183	lg	lg	PROPN
fsr-3220	318	184	cp	cp	PROPN
fsr-3220	318	185	etf	etf	PROPN
fsr-3220	318	186	spxh	spxh	PROPN
fsr-3220	318	187	long	long	ADV
fsr-3220	318	188	short	short	ADJ
fsr-3220	318	189	6/20/2013	6/20/2013	NUM
fsr-3220	318	190	19	19	NUM
fsr-3220	318	191	wisdomtree	wisdomtree	ADJ
fsr-3220	318	192	managed	manage	VERB
fsr-3220	318	193	futures	future	NOUN
fsr-3220	318	194	strategy	strategy	PROPN
fsr-3220	318	195	etf	etf	NOUN
fsr-3220	318	196	wdti	wdti	PROPN
fsr-3220	318	197	managed	manage	VERB
fsr-3220	318	198	futures	future	NOUN
fsr-3220	318	199	1/5/2011	1/5/2011	NUM
fsr-3220	318	200	20	20	NUM
fsr-3220	318	201	first	first	ADJ
fsr-3220	318	202	trust	trust	PROPN
fsr-3220	318	203	morningstar	morningstar	PROPN
fsr-3220	318	204	mgd	mgd	PROPN
fsr-3220	318	205	futsstrt	futsstrt	PROPN
fsr-3220	318	206	etf	etf	PROPN
fsr-3220	318	207	fmf	fmf	PROPN
fsr-3220	318	208	managed	manage	VERB
fsr-3220	318	209	futures	future	NOUN
fsr-3220	318	210	8/1/2013	8/1/2013	PROPN
fsr-3220	318	211	21	21	NUM
fsr-3220	318	212	ishares	ishare	NOUN
fsr-3220	318	213	diversified	diversify	VERB
fsr-3220	318	214	alternatives	alternative	NOUN
fsr-3220	318	215	trust	trust	PROPN
fsr-3220	318	216	*	*	PUNCT
fsr-3220	318	217	alt	alt	VERB
fsr-3220	318	218	market	market	NOUN
fsr-3220	318	219	neutral	neutral	ADJ
fsr-3220	318	220	10/6/2009	10/6/2009	NUM
fsr-3220	318	221	22	22	NUM
fsr-3220	318	222	iq	iq	NOUN
fsr-3220	318	223	merger	merger	PROPN
fsr-3220	318	224	arbitrage	arbitrage	PROPN
fsr-3220	318	225	etf	etf	PROPN
fsr-3220	318	226	mna	mna	PROPN
fsr-3220	318	227	market	market	PROPN
fsr-3220	318	228	neutral	neutral	ADJ
fsr-3220	318	229	11/17/2009	11/17/2009	NUM
fsr-3220	318	230	23	23	NUM
fsr-3220	318	231	proshares	proshare	NOUN
fsr-3220	318	232	rafi	rafi	PROPN
fsr-3220	318	233	long	long	ADV
fsr-3220	318	234	/	/	SYM
fsr-3220	318	235	short	short	ADJ
fsr-3220	318	236	rals	ral	NOUN
fsr-3220	318	237	market	market	NOUN
fsr-3220	318	238	neutral	neutral	ADJ
fsr-3220	318	239	12/2/2010	12/2/2010	NUM
fsr-3220	318	240	24	24	NUM
fsr-3220	318	241	quantshares	quantshare	NOUN
fsr-3220	318	242	u.s	u.s	PROPN
fsr-3220	318	243	.	.	PROPN
fsr-3220	318	244	mkt	mkt	PROPN
fsr-3220	318	245	neut	neut	VERB
fsr-3220	318	246	anti	anti	ADJ
fsr-3220	318	247	-	-	ADJ
fsr-3220	318	248	momen	momen	ADJ
fsr-3220	318	249	etf	etf	NOUN
fsr-3220	318	250	*	*	PUNCT
fsr-3220	318	251	nomo	nomo	PROPN
fsr-3220	318	252	market	market	NOUN
fsr-3220	318	253	neutral	neutral	ADJ
fsr-3220	318	254	9/7/2011	9/7/2011	NUM
fsr-3220	318	255	25	25	NUM
fsr-3220	318	256	quantshares	quantshares	PROPN
fsr-3220	318	257	u.s	u.s	PROPN
fsr-3220	318	258	.	.	PROPN
fsr-3220	318	259	market	market	NOUN
fsr-3220	318	260	neut	neut	VERB
fsr-3220	318	261	quality	quality	PROPN
fsr-3220	318	262	etf	etf	PROPN
fsr-3220	318	263	*	*	PUNCT
fsr-3220	318	264	qlt	qlt	NOUN
fsr-3220	318	265	market	market	NOUN
fsr-3220	318	266	neutral	neutral	ADJ
fsr-3220	318	267	9/7/2011	9/7/2011	NUM
fsr-3220	318	268	26	26	NUM
fsr-3220	318	269	quantshares	quantshare	NOUN
fsr-3220	318	270	u.s	u.s	PROPN
fsr-3220	318	271	.	.	PROPN
fsr-3220	318	272	market	market	NOUN
fsr-3220	318	273	neutral	neutral	ADJ
fsr-3220	318	274	size	size	NOUN
fsr-3220	318	275	siz	siz	PROPN
fsr-3220	318	276	market	market	NOUN
fsr-3220	318	277	neutral	neutral	ADJ
fsr-3220	318	278	9/7/2011	9/7/2011	NUM
fsr-3220	318	279	27	27	NUM
fsr-3220	318	280	quantshares	quantshare	VERB
fsr-3220	318	281	u.s	u.s	PROPN
fsr-3220	318	282	.	.	PROPN
fsr-3220	318	283	market	market	NOUN
fsr-3220	318	284	neut	neut	VERB
fsr-3220	318	285	momentum	momentum	NOUN
fsr-3220	318	286	mom	mom	NOUN
fsr-3220	318	287	market	market	NOUN
fsr-3220	318	288	neutral	neutral	ADJ
fsr-3220	318	289	9/7/2011	9/7/2011	NUM
fsr-3220	318	290	28	28	NUM
fsr-3220	318	291	quantshares	quantshares	PROPN
fsr-3220	318	292	u.s	u.s	PROPN
fsr-3220	318	293	.	.	PROPN
fsr-3220	318	294	mrkt	mrkt	PROPN
fsr-3220	318	295	neut	neut	VERB
fsr-3220	318	296	high	high	ADJ
fsr-3220	318	297	beta	beta	NOUN
fsr-3220	318	298	etf	etf	NOUN
fsr-3220	318	299	*	*	PROPN
fsr-3220	318	300	btal	btal	ADJ
fsr-3220	318	301	market	market	NOUN
fsr-3220	318	302	neutral	neutral	ADJ
fsr-3220	318	303	9/13/2011	9/13/2011	NUM
fsr-3220	318	304	29	29	NUM
fsr-3220	318	305	quantshares	quantshare	VERB
fsr-3220	318	306	u.s	u.s	PROPN
fsr-3220	318	307	.	.	PROPN
fsr-3220	318	308	market	market	PROPN
fsr-3220	318	309	neut	neut	VERB
fsr-3220	318	310	anti	anti	ADJ
fsr-3220	318	311	-	-	ADJ
fsr-3220	318	312	beta	beta	ADJ
fsr-3220	318	313	btal	btal	ADJ
fsr-3220	318	314	market	market	NOUN
fsr-3220	318	315	neutral	neutral	ADJ
fsr-3220	318	316	9/13/2011	9/13/2011	NUM
fsr-3220	318	317	30	30	NUM
fsr-3220	318	318	quantshares	quantshare	VERB
fsr-3220	318	319	u.s	u.s	PROPN
fsr-3220	318	320	.	.	PROPN
fsr-3220	318	321	market	market	NOUN
fsr-3220	318	322	neutral	neutral	ADJ
fsr-3220	318	323	value	value	NOUN
fsr-3220	318	324	chep	chep	NOUN
fsr-3220	318	325	market	market	NOUN
fsr-3220	318	326	neutral	neutral	ADJ
fsr-3220	318	327	9/13/2011	9/13/2011	NUM
fsr-3220	318	328	31	31	NUM
fsr-3220	318	329	advisorshares	advisorshare	NOUN
fsr-3220	318	330	rockledge	rockledge	PROPN
fsr-3220	318	331	sectorsam	sectorsam	PROPN
fsr-3220	318	332	etf	etf	PROPN
fsr-3220	318	333	*	*	PROPN
fsr-3220	318	334	ssam	ssam	PROPN
fsr-3220	318	335	market	market	NOUN
fsr-3220	318	336	neutral	neutral	ADJ
fsr-3220	318	337	1/11/2012	1/11/2012	NUM
fsr-3220	318	338	32	32	NUM
fsr-3220	318	339	iq	iq	NOUN
fsr-3220	318	340	hedge	hedge	NOUN
fsr-3220	318	341	market	market	NOUN
fsr-3220	318	342	neutral	neutral	PROPN
fsr-3220	318	343	tracker	tracker	PROPN
fsr-3220	318	344	etf	etf	PROPN
fsr-3220	318	345	qmn	qmn	PROPN
fsr-3220	318	346	market	market	NOUN
fsr-3220	318	347	neutral	neutral	ADJ
fsr-3220	318	348	10/3/2012	10/3/2012	NUM
fsr-3220	318	349	33	33	NUM
fsr-3220	318	350	proshares	proshare	NOUN
fsr-3220	318	351	merger	merger	NOUN
fsr-3220	318	352	mrgr	mrgr	PROPN
fsr-3220	318	353	market	market	PROPN
fsr-3220	318	354	neutral	neutral	ADJ
fsr-3220	318	355	12/11/2012	12/11/2012	NUM
fsr-3220	318	356	34	34	NUM
fsr-3220	318	357	iq	iq	NOUN
fsr-3220	318	358	hedge	hedge	NOUN
fsr-3220	318	359	multi	multi	ADJ
fsr-3220	318	360	-	-	ADJ
fsr-3220	318	361	strategy	strategy	ADJ
fsr-3220	318	362	tracker	tracker	NOUN
fsr-3220	318	363	etf	etf	PROPN
fsr-3220	318	364	qai	qai	PROPN
fsr-3220	318	365	multialternative	multialternative	ADJ
fsr-3220	318	366	3/25/2009	3/25/2009	NUM
fsr-3220	318	367	35	35	NUM
fsr-3220	318	368	proshares	proshare	NOUN
fsr-3220	318	369	hedge	hedge	NOUN
fsr-3220	318	370	replication	replication	NOUN
fsr-3220	318	371	hdg	hdg	PROPN
fsr-3220	318	372	multialternative	multialternative	PROPN
fsr-3220	318	373	7/12/2011	7/12/2011	NUM
fsr-3220	318	374	36	36	NUM
fsr-3220	318	375	first	first	ADJ
fsr-3220	318	376	trust	trust	NOUN
fsr-3220	318	377	tactical	tactical	ADJ
fsr-3220	318	378	high	high	ADJ
fsr-3220	318	379	yield	yield	NOUN
fsr-3220	318	380	etf	etf	PROPN
fsr-3220	318	381	hyls	hyls	PROPN
fsr-3220	318	382	non	non	PROPN
fsr-3220	318	383	traditional	traditional	ADJ
fsr-3220	318	384	bond	bond	NOUN
fsr-3220	318	385	2/25/2013	2/25/2013	NUM
fsr-3220	318	386	37	37	NUM
fsr-3220	318	387	market	market	NOUN
fsr-3220	318	388	vectors	vector	NOUN
fsr-3220	318	389	trs	trs	PROPN
fsr-3220	318	390	-	-	PUNCT
fsr-3220	318	391	hdgd	hdgd	PROPN
fsr-3220	318	392	hi	hi	NOUN
fsr-3220	318	393	-	-	PUNCT
fsr-3220	318	394	yld	yld	NOUN
fsr-3220	318	395	bd	bd	PROPN
fsr-3220	318	396	etf	etf	PROPN
fsr-3220	318	397	thhy	thhy	PROPN
fsr-3220	318	398	non	non	PROPN
fsr-3220	318	399	traditional	traditional	ADJ
fsr-3220	318	400	bond	bond	NOUN
fsr-3220	318	401	3/21/2013	3/21/2013	NUM
fsr-3220	318	402	38	38	NUM
fsr-3220	318	403	proshares	proshare	NOUN
fsr-3220	318	404	high	high	ADJ
fsr-3220	318	405	yield	yield	NOUN
fsr-3220	318	406	-	-	PUNCT
fsr-3220	318	407	interest	interest	NOUN
fsr-3220	318	408	rate	rate	NOUN
fsr-3220	318	409	hdgd	hdgd	PROPN
fsr-3220	318	410	hyhg	hyhg	PROPN
fsr-3220	318	411	non	non	PROPN
fsr-3220	318	412	traditional	traditional	ADJ
fsr-3220	318	413	bond	bond	NOUN
fsr-3220	318	414	5/21/2013	5/21/2013	NUM
fsr-3220	318	415	39	39	NUM
fsr-3220	318	416	proshares	proshare	NOUN
fsr-3220	318	417	investment	investment	NOUN
fsr-3220	318	418	grade	grade	NOUN
fsr-3220	318	419	-	-	PUNCT
fsr-3220	318	420	intr	intr	NOUN
fsr-3220	318	421	rt	rt	PROPN
fsr-3220	318	422	hdgd	hdgd	PROPN
fsr-3220	318	423	ighg	ighg	PROPN
fsr-3220	318	424	non	non	PROPN
fsr-3220	318	425	traditional	traditional	ADJ
fsr-3220	318	426	bond	bond	NOUN
fsr-3220	319	1	11/5/2013	11/5/2013	NUM
fsr-3220	319	2	40	40	NUM
fsr-3220	319	3	wisdomtree	wisdomtree	ADJ
fsr-3220	319	4	bofa	bofa	PROPN
fsr-3220	319	5	mrl	mrl	PROPN
fsr-3220	319	6	lynch	lynch	PROPN
fsr-3220	319	7	hybd	hybd	PROPN
fsr-3220	319	8	ngtdr	ngtdr	PROPN
fsr-3220	319	9	etf	etf	PROPN
fsr-3220	319	10	hynd	hynd	VERB
fsr-3220	319	11	non	non	ADJ
fsr-3220	319	12	traditional	traditional	ADJ
fsr-3220	319	13	bond	bond	NOUN
fsr-3220	319	14	12/18/2013	12/18/2013	NUM
fsr-3220	319	15	41	41	NUM
fsr-3220	319	16	wisdomtree	wisdomtree	ADJ
fsr-3220	319	17	bofa	bofa	PROPN
fsr-3220	319	18	mrl	mrl	PROPN
fsr-3220	319	19	lynch	lynch	PROPN
fsr-3220	319	20	hybd	hybd	PROPN
fsr-3220	319	21	zrdr	zrdr	PROPN
fsr-3220	319	22	etf	etf	PROPN
fsr-3220	319	23	hyzd	hyzd	PROPN
fsr-3220	319	24	non	non	PROPN
fsr-3220	319	25	traditional	traditional	ADJ
fsr-3220	319	26	bond	bond	NOUN
fsr-3220	319	27	12/18/2013	12/18/2013	NUM
fsr-3220	319	28	42	42	NUM
fsr-3220	319	29	wisdomtree	wisdomtree	ADJ
fsr-3220	319	30	barclays	barclay	NOUN
fsr-3220	319	31	us	us	PROPN
fsr-3220	319	32	aggtbd	aggtbd	PROPN
fsr-3220	319	33	ngtdur	ngtdur	PROPN
fsr-3220	319	34	etf	etf	PROPN
fsr-3220	319	35	agnd	agnd	PROPN
fsr-3220	319	36	non	non	PROPN
fsr-3220	319	37	traditional	traditional	ADJ
fsr-3220	319	38	bond	bond	NOUN
fsr-3220	319	39	12/18/2013	12/18/2013	NUM
fsr-3220	319	40	43	43	NUM
fsr-3220	319	41	wisdomtree	wisdomtree	ADJ
fsr-3220	319	42	barclays	barclay	NOUN
fsr-3220	319	43	us	us	PROPN
fsr-3220	319	44	aggtbd	aggtbd	PROPN
fsr-3220	319	45	zr	zr	PROPN
fsr-3220	319	46	dur	dur	PROPN
fsr-3220	319	47	etf	etf	PROPN
fsr-3220	319	48	agzd	agzd	PROPN
fsr-3220	319	49	non	non	PROPN
fsr-3220	319	50	traditional	traditional	ADJ
fsr-3220	319	51	bond	bond	NOUN
fsr-3220	319	52	12/18/2013	12/18/2013	NUM
fsr-3220	319	53	44	44	NUM
fsr-3220	319	54	wisdomtree	wisdomtree	VERB
fsr-3220	319	55	japan	japan	PROPN
fsr-3220	319	56	interest	interest	PROPN
fsr-3220	319	57	rate	rate	PROPN
fsr-3220	319	58	strat	strat	PROPN
fsr-3220	319	59	etf	etf	PROPN
fsr-3220	319	60	jgbb	jgbb	PROPN
fsr-3220	319	61	non	non	PROPN
fsr-3220	319	62	traditional	traditional	ADJ
fsr-3220	319	63	bond	bond	NOUN
fsr-3220	319	64	12/18/2013	12/18/2013	NUM
fsr-3220	319	65	45	45	NUM
fsr-3220	319	66	iq	iq	NOUN
fsr-3220	319	67	hedge	hedge	PROPN
fsr-3220	319	68	macro	macro	PROPN
fsr-3220	319	69	tracker	tracker	PROPN
fsr-3220	319	70	etf	etf	PROPN
fsr-3220	319	71	mcro	mcro	PROPN
fsr-3220	319	72	other	other	ADJ
fsr-3220	319	73	allocation	allocation	NOUN
fsr-3220	319	74	6/9/2009	6/9/2009	NUM
fsr-3220	319	75	46	46	NUM
fsr-3220	319	76	iq	iq	INTJ
fsr-3220	319	77	real	real	ADJ
fsr-3220	319	78	return	return	NOUN
fsr-3220	319	79	etf	etf	PROPN
fsr-3220	319	80	cpi	cpi	PROPN
fsr-3220	319	81	other	other	ADJ
fsr-3220	319	82	moderate	moderate	ADJ
fsr-3220	319	83	allocation	allocation	NOUN
fsr-3220	319	84	10/27/2009	10/27/2009	NUM
fsr-3220	319	85	47	47	NUM
fsr-3220	319	86	wisdomtree	wisdomtree	ADJ
fsr-3220	319	87	global	global	ADJ
fsr-3220	319	88	real	real	ADJ
fsr-3220	319	89	return	return	NOUN
fsr-3220	319	90	etf	etf	PROPN
fsr-3220	319	91	rrf	rrf	PROPN
fsr-3220	319	92	other	other	ADJ
fsr-3220	319	93	global	global	ADJ
fsr-3220	319	94	fixed	fix	VERB
fsr-3220	319	95	income	income	NOUN
fsr-3220	319	96	7/14/2011	7/14/2011	NUM
fsr-3220	319	97	48	48	NUM
fsr-3220	319	98	spdr	spdr	PROPN
fsr-3220	319	99	ssga	ssga	ADJ
fsr-3220	319	100	multi	multi	ADJ
fsr-3220	319	101	-	-	ADJ
fsr-3220	319	102	asset	asset	ADJ
fsr-3220	319	103	real	real	ADJ
fsr-3220	319	104	return	return	NOUN
fsr-3220	319	105	etf	etf	NOUN
fsr-3220	319	106	rly	rly	ADV
fsr-3220	319	107	other	other	ADJ
fsr-3220	319	108	allocation	allocation	NOUN
fsr-3220	319	109	4/25/2012	4/25/2012	NUM
fsr-3220	319	110	49	49	NUM
fsr-3220	319	111	alphaclone	alphaclone	NOUN
fsr-3220	319	112	alternative	alternative	ADJ
fsr-3220	319	113	alpha	alpha	PROPN
fsr-3220	319	114	etf	etf	PROPN
fsr-3220	319	115	alfa	alfa	PROPN
fsr-3220	319	116	other	other	PROPN
fsr-3220	319	117	u.s	u.s	PROPN
fsr-3220	319	118	.	.	PROPN
fsr-3220	319	119	equity	equity	NOUN
fsr-3220	319	120	large	large	ADJ
fsr-3220	319	121	cap	cap	NOUN
fsr-3220	319	122	growth	growth	NOUN
fsr-3220	319	123	5/31/2012	5/31/2012	PROPN
fsr-3220	319	124	etfs	etfs	NOUN
fsr-3220	319	125	marked	mark	VERB
fsr-3220	319	126	with	with	ADP
fsr-3220	319	127	a	a	PRON
fsr-3220	319	128	*	*	PUNCT
fsr-3220	319	129	in	in	ADP
fsr-3220	319	130	front	front	NOUN
fsr-3220	319	131	of	of	ADP
fsr-3220	319	132	them	they	PRON
fsr-3220	319	133	have	have	AUX
fsr-3220	319	134	been	be	AUX
fsr-3220	319	135	liquidated	liquidate	VERB
fsr-3220	319	136	,	,	PUNCT
fsr-3220	319	137	merged	merge	VERB
fsr-3220	319	138	,	,	PUNCT
fsr-3220	319	139	or	or	CCONJ
fsr-3220	319	140	closed	close	VERB
fsr-3220	319	141	as	as	ADP
fsr-3220	319	142	of	of	ADP
fsr-3220	319	143	december	december	PROPN
fsr-3220	319	144	2014	2014	NUM
fsr-3220	319	145	.	.	PUNCT
fsr-3220	320	1	194	194	NUM
fsr-3220	320	2	s.	s.	PROPN
fsr-3220	320	3	kanuri	kanuri	PROPN
fsr-3220	320	4	/	/	SYM
fsr-3220	320	5	financial	financial	ADJ
fsr-3220	320	6	services	service	NOUN
fsr-3220	320	7	review	review	VERB
fsr-3220	320	8	25	25	NUM
fsr-3220	320	9	(	(	PUNCT
fsr-3220	320	10	2016	2016	NUM
fsr-3220	320	11	)	)	PUNCT
fsr-3220	320	12	181–198	181–198	NUM
fsr-3220	320	13	a	a	DET
fsr-3220	320	14	pp	pp	X
fsr-3220	320	15	en	en	X
fsr-3220	320	16	di	di	X
fsr-3220	320	17	x	x	PROPN
fsr-3220	321	1	d	d	NOUN
fsr-3220	321	2	:	:	PUNCT
fsr-3220	321	3	sh	sh	INTJ
fsr-3220	321	4	ow	ow	INTJ
fsr-3220	321	5	s	s	X
fsr-3220	321	6	th	th	X
fsr-3220	321	7	e	e	X
fsr-3220	321	8	di	di	X
fsr-3220	321	9	ff	ff	INTJ
fsr-3220	321	10	er	er	INTJ
fsr-3220	321	11	en	en	ADP
fsr-3220	321	12	t	t	PROPN
fsr-3220	321	13	in	in	ADP
fsr-3220	321	14	de	de	X
fsr-3220	321	15	x	x	X
fsr-3220	321	16	e	e	PROPN
fsr-3220	321	17	t	t	X
fsr-3220	321	18	fs	fs	VERB
fsr-3220	321	19	us	we	PRON
fsr-3220	321	20	ed	ed	NOUN
fsr-3220	321	21	fo	fo	ADP
fsr-3220	321	22	r	r	NOUN
fsr-3220	321	23	co	co	NOUN
fsr-3220	321	24	m	m	PROPN
fsr-3220	321	25	pa	pa	PROPN
fsr-3220	321	26	ri	ri	PROPN
fsr-3220	322	1	so	so	ADV
fsr-3220	322	2	n	n	CCONJ
fsr-3220	322	3	n	n	CCONJ
fsr-3220	322	4	um	um	INTJ
fsr-3220	322	5	be	be	AUX
fsr-3220	322	6	r	r	NOUN
fsr-3220	322	7	e	e	NOUN
fsr-3220	322	8	t	t	NOUN
fsr-3220	322	9	f	f	PROPN
fsr-3220	322	10	t	t	PROPN
fsr-3220	322	11	ic	ic	INTJ
fsr-3220	322	12	ke	ke	PROPN
fsr-3220	322	13	r	r	NOUN
fsr-3220	322	14	c	c	PROPN
fsr-3220	322	15	at	at	ADP
fsr-3220	322	16	eg	eg	NOUN
fsr-3220	322	17	or	or	CCONJ
fsr-3220	322	18	y	y	PROPN
fsr-3220	322	19	in	in	ADP
fsr-3220	322	20	ce	ce	PROPN
fsr-3220	322	21	pt	pt	PROPN
fsr-3220	322	22	io	io	PROPN
fsr-3220	322	23	n	n	PROPN
fsr-3220	322	24	b	b	PROPN
fsr-3220	322	25	en	en	ADP
fsr-3220	322	26	ch	ch	PROPN
fsr-3220	322	27	m	m	PROPN
fsr-3220	322	28	ar	ar	PROPN
fsr-3220	322	29	k	k	PROPN
fsr-3220	322	30	1	1	PROPN
fsr-3220	322	31	is	be	AUX
fsr-3220	322	32	ha	ha	INTJ
fsr-3220	322	33	re	re	X
fsr-3220	322	34	s	s	PROPN
fsr-3220	322	35	c	c	NOUN
fsr-3220	322	36	or	or	CCONJ
fsr-3220	322	37	e	e	NOUN
fsr-3220	322	38	s	s	PROPN
fsr-3220	322	39	&	&	CCONJ
fsr-3220	322	40	p	p	NOUN
fsr-3220	322	41	50	50	NUM
fsr-3220	322	42	0	0	NUM
fsr-3220	322	43	iv	iv	NUM
fsr-3220	322	44	v	v	NUM
fsr-3220	322	45	u	u	NOUN
fsr-3220	322	46	.s	.s	NOUN
fsr-3220	322	47	.	.	PUNCT
fsr-3220	323	1	e	e	X
fsr-3220	323	2	t	t	PROPN
fsr-3220	323	3	f	f	PROPN
fsr-3220	323	4	l	l	PROPN
fsr-3220	323	5	ar	ar	PROPN
fsr-3220	323	6	ge	ge	PROPN
fsr-3220	323	7	b	b	PROPN
fsr-3220	323	8	le	le	PROPN
fsr-3220	323	9	nd	nd	PROPN
fsr-3220	323	10	5/	5/	NUM
fsr-3220	323	11	15	15	NUM
fsr-3220	323	12	/2	/2	NUM
fsr-3220	323	13	00	00	NUM
fsr-3220	323	14	0	0	NUM
fsr-3220	324	1	s	s	PROPN
fsr-3220	324	2	&	&	CCONJ
fsr-3220	324	3	p	p	NOUN
fsr-3220	324	4	50	50	NUM
fsr-3220	324	5	0	0	NUM
fsr-3220	324	6	2	2	NUM
fsr-3220	324	7	is	be	AUX
fsr-3220	324	8	ha	ha	INTJ
fsr-3220	324	9	re	re	X
fsr-3220	324	10	s	s	PROPN
fsr-3220	324	11	c	c	NOUN
fsr-3220	324	12	or	or	CCONJ
fsr-3220	324	13	e	e	X
fsr-3220	324	14	u	u	NOUN
fsr-3220	324	15	.s	.s	NOUN
fsr-3220	324	16	.	.	PUNCT
fsr-3220	325	1	a	a	DET
fsr-3220	325	2	gg	gg	PROPN
fsr-3220	325	3	re	re	X
fsr-3220	325	4	ga	ga	PROPN
fsr-3220	325	5	te	te	PROPN
fsr-3220	325	6	b	b	PROPN
fsr-3220	325	7	on	on	ADP
fsr-3220	325	8	d	d	PROPN
fsr-3220	325	9	a	a	DET
fsr-3220	325	10	g	g	NOUN
fsr-3220	325	11	g	g	NOUN
fsr-3220	325	12	u	u	NOUN
fsr-3220	325	13	.s	.s	NOUN
fsr-3220	325	14	.	.	PUNCT
fsr-3220	326	1	e	e	X
fsr-3220	326	2	t	t	PROPN
fsr-3220	326	3	f	f	PROPN
fsr-3220	326	4	in	in	ADP
fsr-3220	326	5	te	te	PROPN
fsr-3220	326	6	rm	rm	PROPN
fsr-3220	326	7	ed	ed	PROPN
fsr-3220	326	8	ia	ia	PROPN
fsr-3220	327	1	te	te	PROPN
fsr-3220	327	2	-t	-t	PROPN
fsr-3220	327	3	er	er	INTJ
fsr-3220	327	4	m	m	PROPN
fsr-3220	327	5	b	b	NOUN
fsr-3220	327	6	on	on	ADP
fsr-3220	327	7	d	d	PROPN
fsr-3220	327	8	9/	9/	NUM
fsr-3220	327	9	22	22	NUM
fsr-3220	327	10	/2	/2	NUM
fsr-3220	327	11	00	00	NUM
fsr-3220	327	12	3	3	NUM
fsr-3220	327	13	b	b	X
fsr-3220	327	14	ar	ar	NOUN
fsr-3220	327	15	cl	cl	NOUN
fsr-3220	327	16	ay	ay	NOUN
fsr-3220	327	17	s	s	X
fsr-3220	327	18	u	u	NOUN
fsr-3220	327	19	.s	.s	NOUN
fsr-3220	327	20	.	.	PUNCT
fsr-3220	328	1	a	a	DET
fsr-3220	328	2	gg	gg	NOUN
fsr-3220	328	3	b	b	PROPN
fsr-3220	328	4	on	on	ADP
fsr-3220	328	5	d	d	PROPN
fsr-3220	328	6	t	t	PROPN
fsr-3220	328	7	r	r	NOUN
fsr-3220	328	8	u	u	NOUN
fsr-3220	328	9	sd	sd	ADP
fsr-3220	328	10	3	3	NUM
fsr-3220	328	11	v	v	NOUN
fsr-3220	328	12	an	an	DET
fsr-3220	328	13	gu	gu	NOUN
fsr-3220	328	14	ar	ar	PROPN
fsr-3220	328	15	d	d	PROPN
fsr-3220	328	16	ft	ft	PROPN
fsr-3220	328	17	se	se	PROPN
fsr-3220	328	18	a	a	DET
fsr-3220	328	19	llw	llw	NOUN
fsr-3220	328	20	or	or	CCONJ
fsr-3220	328	21	ld	ld	PROPN
fsr-3220	328	22	ex	ex	ADJ
fsr-3220	328	23	-u	-u	PROPN
fsr-3220	328	24	.s	.s	VERB
fsr-3220	328	25	.	.	PUNCT
fsr-3220	329	1	e	e	X
fsr-3220	329	2	t	t	PROPN
fsr-3220	329	3	f	f	PROPN
fsr-3220	329	4	v	v	ADP
fsr-3220	329	5	e	e	X
fsr-3220	329	6	u	u	X
fsr-3220	329	7	u	u	NOUN
fsr-3220	329	8	.s	.s	NOUN
fsr-3220	329	9	.	.	PUNCT
fsr-3220	330	1	e	e	X
fsr-3220	330	2	t	t	PROPN
fsr-3220	330	3	f	f	NOUN
fsr-3220	330	4	fo	fo	INTJ
fsr-3220	330	5	re	re	VERB
fsr-3220	330	6	ig	ig	PROPN
fsr-3220	330	7	n	n	PROPN
fsr-3220	330	8	l	l	PROPN
fsr-3220	330	9	ar	ar	PROPN
fsr-3220	330	10	ge	ge	PROPN
fsr-3220	330	11	b	b	PROPN
fsr-3220	330	12	le	le	PROPN
fsr-3220	330	13	nd	nd	PROPN
fsr-3220	330	14	3/	3/	NUM
fsr-3220	330	15	2/	2/	NUM
fsr-3220	330	16	20	20	NUM
fsr-3220	330	17	07	07	NUM
fsr-3220	330	18	ft	ft	PART
fsr-3220	330	19	se	se	X
fsr-3220	330	20	a	a	DET
fsr-3220	330	21	w	w	NOUN
fsr-3220	330	22	e	e	NOUN
fsr-3220	330	23	x	x	SYM
fsr-3220	330	24	u	u	NOUN
fsr-3220	330	25	.s	.s	NOUN
fsr-3220	330	26	.	.	PUNCT
fsr-3220	331	1	t	t	NOUN
fsr-3220	331	2	r	r	NOUN
fsr-3220	331	3	u	u	PROPN
fsr-3220	331	4	sd	sd	ADP
fsr-3220	331	5	4	4	NUM
fsr-3220	331	6	po	po	NOUN
fsr-3220	331	7	w	w	NOUN
fsr-3220	331	8	er	er	INTJ
fsr-3220	331	9	sh	sh	INTJ
fsr-3220	331	10	ar	ar	PROPN
fsr-3220	331	11	es	es	NOUN
fsr-3220	331	12	d	d	PROPN
fsr-3220	331	13	b	b	PROPN
fsr-3220	331	14	c	c	X
fsr-3220	331	15	om	om	PROPN
fsr-3220	331	16	m	m	PROPN
fsr-3220	331	17	od	od	PROPN
fsr-3220	331	18	ity	ity	PROPN
fsr-3220	331	19	t	t	PROPN
fsr-3220	331	20	ra	ra	INTJ
fsr-3220	331	21	ck	ck	INTJ
fsr-3220	331	22	in	in	ADP
fsr-3220	331	23	g	g	PROPN
fsr-3220	331	24	e	e	PROPN
fsr-3220	331	25	t	t	PROPN
fsr-3220	331	26	f	f	PROPN
fsr-3220	331	27	d	d	X
fsr-3220	331	28	b	b	PROPN
fsr-3220	331	29	c	c	VERB
fsr-3220	331	30	u	u	NOUN
fsr-3220	331	31	.s	.s	NOUN
fsr-3220	331	32	.	.	PUNCT
fsr-3220	332	1	e	e	X
fsr-3220	332	2	t	t	NOUN
fsr-3220	333	1	f	f	PROPN
fsr-3220	333	2	c	c	PROPN
fsr-3220	333	3	om	om	PROPN
fsr-3220	333	4	m	m	PROPN
fsr-3220	333	5	od	od	PROPN
fsr-3220	333	6	iti	iti	PROPN
fsr-3220	333	7	es	es	PROPN
fsr-3220	333	8	b	b	PROPN
fsr-3220	333	9	ro	ro	X
fsr-3220	333	10	ad	ad	PROPN
fsr-3220	333	11	b	b	PROPN
fsr-3220	333	12	as	as	ADP
fsr-3220	333	13	ke	ke	PROPN
fsr-3220	333	14	t	t	PROPN
fsr-3220	333	15	2/	2/	NUM
fsr-3220	333	16	3/	3/	NUM
fsr-3220	333	17	20	20	NUM
fsr-3220	333	18	06	06	NUM
fsr-3220	333	19	po	po	INTJ
fsr-3220	333	20	w	w	NOUN
fsr-3220	333	21	er	er	INTJ
fsr-3220	333	22	sh	sh	INTJ
fsr-3220	333	23	ar	ar	PROPN
fsr-3220	333	24	es	es	NOUN
fsr-3220	333	25	d	d	PROPN
fsr-3220	333	26	b	b	PROPN
fsr-3220	333	27	c	c	X
fsr-3220	333	28	om	om	PROPN
fsr-3220	333	29	m	m	PROPN
fsr-3220	333	30	od	od	PROPN
fsr-3220	333	31	ity	ity	PROPN
fsr-3220	333	32	in	in	ADP
fsr-3220	333	33	de	de	X
fsr-3220	333	34	x	x	SYM
fsr-3220	333	35	5	5	NUM
fsr-3220	333	36	is	be	AUX
fsr-3220	333	37	ha	ha	INTJ
fsr-3220	333	38	re	re	NOUN
fsr-3220	333	39	s	s	NOUN
fsr-3220	333	40	u	u	NOUN
fsr-3220	333	41	.s	.s	NOUN
fsr-3220	333	42	.	.	PUNCT
fsr-3220	334	1	r	r	NOUN
fsr-3220	334	2	ea	ea	NOUN
fsr-3220	334	3	l	l	NOUN
fsr-3220	334	4	e	e	X
fsr-3220	334	5	st	st	PROPN
fsr-3220	334	6	at	at	ADP
fsr-3220	334	7	e	e	PROPN
fsr-3220	334	8	iy	iy	PROPN
fsr-3220	334	9	r	r	NOUN
fsr-3220	334	10	u	u	NOUN
fsr-3220	334	11	.s	.s	NOUN
fsr-3220	334	12	.	.	PUNCT
fsr-3220	335	1	e	e	X
fsr-3220	335	2	t	t	NOUN
fsr-3220	335	3	f	f	NOUN
fsr-3220	335	4	r	r	NOUN
fsr-3220	335	5	ea	ea	PROPN
fsr-3220	335	6	l	l	NOUN
fsr-3220	335	7	e	e	X
fsr-3220	335	8	st	st	PROPN
fsr-3220	335	9	at	at	ADP
fsr-3220	335	10	e	e	PROPN
fsr-3220	335	11	6/	6/	NUM
fsr-3220	335	12	12	12	NUM
fsr-3220	335	13	/2	/2	NUM
fsr-3220	335	14	00	00	NUM
fsr-3220	335	15	0	0	PUNCT
fsr-3220	336	1	d	d	NOUN
fsr-3220	336	2	ow	ow	INTJ
fsr-3220	336	3	jo	jo	PROPN
fsr-3220	336	4	ne	ne	PROPN
fsr-3220	336	5	s	s	PART
fsr-3220	336	6	u	u	NOUN
fsr-3220	336	7	.s	.s	NOUN
fsr-3220	336	8	.	.	PUNCT
fsr-3220	337	1	r	r	NOUN
fsr-3220	337	2	ea	ea	NOUN
fsr-3220	337	3	l	l	NOUN
fsr-3220	337	4	e	e	X
fsr-3220	337	5	st	st	PROPN
fsr-3220	337	6	at	at	ADP
fsr-3220	337	7	e	e	PROPN
fsr-3220	337	8	in	in	ADP
fsr-3220	337	9	de	de	X
fsr-3220	337	10	x	x	PROPN
fsr-3220	337	11	195s	195s	PROPN
fsr-3220	337	12	.	.	PUNCT
fsr-3220	338	1	kanuri	kanuri	PROPN
fsr-3220	338	2	/	/	SYM
fsr-3220	338	3	financial	financial	ADJ
fsr-3220	338	4	services	service	NOUN
fsr-3220	338	5	review	review	VERB
fsr-3220	338	6	25	25	NUM
fsr-3220	338	7	(	(	PUNCT
fsr-3220	338	8	2016	2016	NUM
fsr-3220	338	9	)	)	PUNCT
fsr-3220	338	10	181–198	181–198	NUM
fsr-3220	338	11	appendix	appendix	NOUN
fsr-3220	338	12	e	e	NOUN
fsr-3220	338	13	shows	show	VERB
fsr-3220	338	14	the	the	DET
fsr-3220	338	15	different	different	ADJ
fsr-3220	338	16	risk	risk	NOUN
fsr-3220	338	17	-	-	PUNCT
fsr-3220	338	18	adjusted	adjust	VERB
fsr-3220	338	19	measures	measure	NOUN
fsr-3220	338	20	of	of	ADP
fsr-3220	338	21	performance	performance	NOUN
fsr-3220	338	22	sharpe	sharpe	NOUN
fsr-3220	338	23	ratio	ratio	NOUN
fsr-3220	338	24	:	:	PUNCT
fsr-3220	338	25	the	the	DET
fsr-3220	338	26	sharpe	sharpe	PROPN
fsr-3220	338	27	ratio	ratio	PROPN
fsr-3220	338	28	(	(	PUNCT
fsr-3220	338	29	sharpe	sharpe	PROPN
fsr-3220	338	30	,	,	PUNCT
fsr-3220	338	31	1964	1964	NUM
fsr-3220	338	32	)	)	PUNCT
fsr-3220	338	33	evaluates	evaluate	VERB
fsr-3220	338	34	how	how	SCONJ
fsr-3220	338	35	well	well	ADV
fsr-3220	338	36	an	an	DET
fsr-3220	338	37	etf	etf	NOUN
fsr-3220	338	38	compensates	compensate	VERB
fsr-3220	338	39	its	its	PRON
fsr-3220	338	40	investor	investor	NOUN
fsr-3220	338	41	for	for	ADP
fsr-3220	338	42	each	each	DET
fsr-3220	338	43	unit	unit	NOUN
fsr-3220	338	44	of	of	ADP
fsr-3220	338	45	risk	risk	NOUN
fsr-3220	338	46	they	they	PRON
fsr-3220	338	47	incur	incur	VERB
fsr-3220	338	48	.	.	PUNCT
fsr-3220	339	1	the	the	PRON
fsr-3220	339	2	higher	high	ADJ
fsr-3220	339	3	the	the	DET
fsr-3220	339	4	sharpe	sharpe	PROPN
fsr-3220	339	5	ratio	ratio	NOUN
fsr-3220	339	6	,	,	PUNCT
fsr-3220	339	7	the	the	DET
fsr-3220	339	8	better	well	ADJ
fsr-3220	339	9	is	be	AUX
fsr-3220	339	10	the	the	DET
fsr-3220	339	11	performance	performance	NOUN
fsr-3220	339	12	of	of	ADP
fsr-3220	339	13	the	the	DET
fsr-3220	339	14	etf	etf	NOUN
fsr-3220	339	15	.	.	PUNCT
fsr-3220	340	1	sharpe	sharpe	PROPN
fsr-3220	340	2	ratio	ratio	PROPN
fsr-3220	340	3	�	�	PROPN
fsr-3220	340	4	�	�	PROPN
fsr-3220	340	5	rp	rp	PROPN
fsr-3220	340	6	�	�	PROPN
fsr-3220	340	7	rf	rf	NOUN
fsr-3220	340	8	�	�	PROPN
fsr-3220	340	9	rf	rf	ADJ
fsr-3220	340	10	where	where	SCONJ
fsr-3220	340	11	rp	rp	NOUN
fsr-3220	340	12	denotes	denote	VERB
fsr-3220	340	13	the	the	DET
fsr-3220	340	14	monthly	monthly	ADJ
fsr-3220	340	15	returns	return	NOUN
fsr-3220	340	16	on	on	ADP
fsr-3220	340	17	the	the	DET
fsr-3220	340	18	portfolio	portfolio	NOUN
fsr-3220	340	19	.	.	PUNCT
fsr-3220	341	1	rf	rf	PRON
fsr-3220	341	2	is	be	AUX
fsr-3220	341	3	the	the	DET
fsr-3220	341	4	monthly	monthly	ADJ
fsr-3220	341	5	risk	risk	NOUN
fsr-3220	341	6	free	free	ADJ
fsr-3220	341	7	rate	rate	NOUN
fsr-3220	341	8	.	.	PUNCT
fsr-3220	342	1	�	�	PROPN
fsr-3220	342	2	p	p	PROPN
fsr-3220	342	3	is	be	AUX
fsr-3220	342	4	the	the	DET
fsr-3220	342	5	standard	standard	ADJ
fsr-3220	342	6	deviation	deviation	NOUN
fsr-3220	342	7	of	of	ADP
fsr-3220	342	8	portfolio	portfolio	NOUN
fsr-3220	342	9	’s	’s	PART
fsr-3220	342	10	excess	excess	ADJ
fsr-3220	342	11	returns	return	NOUN
fsr-3220	342	12	.	.	PUNCT
fsr-3220	343	1	sortino	sortino	ADJ
fsr-3220	343	2	ratio	ratio	NOUN
fsr-3220	343	3	:	:	PUNCT
fsr-3220	343	4	the	the	DET
fsr-3220	343	5	sortino	sortino	ADJ
fsr-3220	343	6	ratio	ratio	NOUN
fsr-3220	343	7	(	(	PUNCT
fsr-3220	343	8	sortino	sortino	NOUN
fsr-3220	343	9	and	and	CCONJ
fsr-3220	343	10	van	van	PROPN
fsr-3220	343	11	der	der	PROPN
fsr-3220	343	12	meer	meer	PROPN
fsr-3220	343	13	,	,	PUNCT
fsr-3220	343	14	1991	1991	NUM
fsr-3220	343	15	)	)	PUNCT
fsr-3220	343	16	differentiates	differentiate	NOUN
fsr-3220	343	17	between	between	ADP
fsr-3220	343	18	good	good	ADJ
fsr-3220	343	19	and	and	CCONJ
fsr-3220	343	20	bad	bad	ADJ
fsr-3220	343	21	volatility	volatility	NOUN
fsr-3220	343	22	in	in	ADP
fsr-3220	343	23	the	the	DET
fsr-3220	343	24	sharpe	sharpe	PROPN
fsr-3220	343	25	ratio	ratio	NOUN
fsr-3220	343	26	.	.	PUNCT
fsr-3220	344	1	the	the	DET
fsr-3220	344	2	differentiation	differentiation	NOUN
fsr-3220	344	3	of	of	ADP
fsr-3220	344	4	upward	upward	ADJ
fsr-3220	344	5	and	and	CCONJ
fsr-3220	344	6	downward	downward	ADJ
fsr-3220	344	7	volatility	volatility	NOUN
fsr-3220	344	8	allows	allow	VERB
fsr-3220	344	9	the	the	DET
fsr-3220	344	10	calculation	calculation	NOUN
fsr-3220	344	11	of	of	ADP
fsr-3220	344	12	the	the	DET
fsr-3220	344	13	risk	risk	NOUN
fsr-3220	344	14	-	-	PUNCT
fsr-3220	344	15	adjusted	adjust	VERB
fsr-3220	344	16	return	return	NOUN
fsr-3220	344	17	to	to	PART
fsr-3220	344	18	provide	provide	VERB
fsr-3220	344	19	a	a	DET
fsr-3220	344	20	performance	performance	NOUN
fsr-3220	344	21	measure	measure	NOUN
fsr-3220	344	22	of	of	ADP
fsr-3220	344	23	an	an	DET
fsr-3220	344	24	investment	investment	NOUN
fsr-3220	344	25	without	without	ADP
fsr-3220	344	26	penalizing	penalize	VERB
fsr-3220	344	27	it	it	PRON
fsr-3220	344	28	for	for	ADP
fsr-3220	344	29	positive	positive	ADJ
fsr-3220	344	30	returns	return	NOUN
fsr-3220	344	31	.	.	PUNCT
fsr-3220	345	1	similar	similar	ADJ
fsr-3220	345	2	to	to	ADP
fsr-3220	345	3	the	the	DET
fsr-3220	345	4	sharpe	sharpe	PROPN
fsr-3220	345	5	ratio	ratio	NOUN
fsr-3220	345	6	,	,	PUNCT
fsr-3220	345	7	the	the	PRON
fsr-3220	345	8	higher	high	ADJ
fsr-3220	345	9	the	the	DET
fsr-3220	345	10	sortino	sortino	ADJ
fsr-3220	345	11	ratio	ratio	NOUN
fsr-3220	345	12	,	,	PUNCT
fsr-3220	345	13	the	the	DET
fsr-3220	345	14	better	well	ADJ
fsr-3220	345	15	is	be	AUX
fsr-3220	345	16	the	the	DET
fsr-3220	345	17	performance	performance	NOUN
fsr-3220	345	18	of	of	ADP
fsr-3220	345	19	a	a	DET
fsr-3220	345	20	portfolio	portfolio	NOUN
fsr-3220	345	21	.	.	PUNCT
fsr-3220	346	1	the	the	DET
fsr-3220	346	2	sortino	sortino	ADJ
fsr-3220	346	3	ratio	ratio	NOUN
fsr-3220	346	4	is	be	AUX
fsr-3220	346	5	shown	show	VERB
fsr-3220	346	6	as	as	SCONJ
fsr-3220	346	7	follows	follow	VERB
fsr-3220	346	8	:	:	PUNCT
fsr-3220	347	1	sortino	sortino	ADJ
fsr-3220	347	2	ratio	ratio	PROPN
fsr-3220	347	3	�	�	PROPN
fsr-3220	347	4	�	�	PROPN
fsr-3220	347	5	rp	rp	PROPN
fsr-3220	347	6	�	�	PROPN
fsr-3220	347	7	rf	rf	NOUN
fsr-3220	347	8	�	�	PROPN
fsr-3220	347	9	�	�	PROPN
fsr-3220	347	10	df	df	PROPN
fsr-3220	347	11	where	where	SCONJ
fsr-3220	347	12	rp	rp	NOUN
fsr-3220	347	13	and	and	CCONJ
fsr-3220	347	14	rf	rf	NOUN
fsr-3220	347	15	are	be	AUX
fsr-3220	347	16	described	describe	VERB
fsr-3220	347	17	as	as	ADP
fsr-3220	347	18	above	above	ADV
fsr-3220	347	19	and	and	CCONJ
fsr-3220	347	20	�	�	PROPN
fsr-3220	347	21	d	d	NOUN
fsr-3220	347	22	is	be	AUX
fsr-3220	347	23	the	the	DET
fsr-3220	347	24	standard	standard	ADJ
fsr-3220	347	25	deviation	deviation	NOUN
fsr-3220	347	26	of	of	ADP
fsr-3220	347	27	portfolio	portfolio	NOUN
fsr-3220	347	28	’s	’s	PART
fsr-3220	347	29	negative	negative	ADJ
fsr-3220	347	30	returns	return	NOUN
fsr-3220	347	31	.	.	PUNCT
fsr-3220	348	1	omega	omega	NOUN
fsr-3220	348	2	ratio	ratio	NOUN
fsr-3220	348	3	:	:	PUNCT
fsr-3220	348	4	introduced	introduce	VERB
fsr-3220	348	5	by	by	ADP
fsr-3220	348	6	keating	keating	NOUN
fsr-3220	348	7	and	and	CCONJ
fsr-3220	348	8	shadwick	shadwick	PROPN
fsr-3220	348	9	(	(	PUNCT
fsr-3220	348	10	2002	2002	NUM
fsr-3220	348	11	)	)	PUNCT
fsr-3220	348	12	,	,	PUNCT
fsr-3220	348	13	it	it	PRON
fsr-3220	348	14	is	be	AUX
fsr-3220	348	15	a	a	DET
fsr-3220	348	16	way	way	NOUN
fsr-3220	348	17	of	of	ADP
fsr-3220	348	18	measuring	measure	VERB
fsr-3220	348	19	the	the	DET
fsr-3220	348	20	performance	performance	NOUN
fsr-3220	348	21	of	of	ADP
fsr-3220	348	22	financial	financial	ADJ
fsr-3220	348	23	assets	asset	NOUN
fsr-3220	348	24	based	base	VERB
fsr-3220	348	25	on	on	ADP
fsr-3220	348	26	the	the	DET
fsr-3220	348	27	level	level	NOUN
fsr-3220	348	28	of	of	ADP
fsr-3220	348	29	returns	return	NOUN
fsr-3220	348	30	they	they	PRON
fsr-3220	348	31	offer	offer	VERB
fsr-3220	348	32	in	in	ADP
fsr-3220	348	33	return	return	NOUN
fsr-3220	348	34	for	for	ADP
fsr-3220	348	35	the	the	DET
fsr-3220	348	36	risk	risk	NOUN
fsr-3220	348	37	of	of	ADP
fsr-3220	348	38	investing	invest	VERB
fsr-3220	348	39	in	in	ADP
fsr-3220	348	40	them	they	PRON
fsr-3220	348	41	.	.	PUNCT
fsr-3220	349	1	it	it	PRON
fsr-3220	349	2	is	be	AUX
fsr-3220	349	3	a	a	DET
fsr-3220	349	4	ratio	ratio	NOUN
fsr-3220	349	5	of	of	ADP
fsr-3220	349	6	weighted	weight	VERB
fsr-3220	349	7	gains	gain	NOUN
fsr-3220	349	8	to	to	ADP
fsr-3220	349	9	weighted	weight	VERB
fsr-3220	349	10	losses	loss	NOUN
fsr-3220	349	11	.	.	PUNCT
fsr-3220	350	1	the	the	DET
fsr-3220	350	2	measure	measure	NOUN
fsr-3220	350	3	divides	divide	VERB
fsr-3220	350	4	expected	expect	VERB
fsr-3220	350	5	returns	return	NOUN
fsr-3220	350	6	into	into	ADP
fsr-3220	350	7	two	two	NUM
fsr-3220	350	8	parts	part	NOUN
fsr-3220	350	9	–	–	PUNCT
fsr-3220	350	10	gains	gain	NOUN
fsr-3220	350	11	and	and	CCONJ
fsr-3220	350	12	losses	loss	NOUN
fsr-3220	350	13	,	,	PUNCT
fsr-3220	350	14	or	or	CCONJ
fsr-3220	350	15	returns	return	NOUN
fsr-3220	350	16	above	above	ADP
fsr-3220	350	17	the	the	DET
fsr-3220	350	18	expected	expect	VERB
fsr-3220	350	19	rate	rate	NOUN
fsr-3220	350	20	(	(	PUNCT
fsr-3220	350	21	the	the	DET
fsr-3220	350	22	upside	upside	NOUN
fsr-3220	350	23	)	)	PUNCT
fsr-3220	350	24	and	and	CCONJ
fsr-3220	350	25	those	those	PRON
fsr-3220	350	26	below	below	ADP
fsr-3220	350	27	it	it	PRON
fsr-3220	350	28	(	(	PUNCT
fsr-3220	350	29	the	the	DET
fsr-3220	350	30	downside	downside	NOUN
fsr-3220	350	31	)	)	PUNCT
fsr-3220	350	32	.	.	PUNCT
fsr-3220	351	1	therefore	therefore	ADV
fsr-3220	351	2	,	,	PUNCT
fsr-3220	351	3	in	in	ADP
fsr-3220	351	4	simple	simple	ADJ
fsr-3220	351	5	terms	term	NOUN
fsr-3220	351	6	,	,	PUNCT
fsr-3220	351	7	consider	consider	VERB
fsr-3220	351	8	omega	omega	NOUN
fsr-3220	351	9	as	as	ADP
fsr-3220	351	10	the	the	DET
fsr-3220	351	11	ratio	ratio	NOUN
fsr-3220	351	12	of	of	ADP
fsr-3220	351	13	upside	upside	ADJ
fsr-3220	351	14	returns	return	NOUN
fsr-3220	351	15	(	(	PUNCT
fsr-3220	351	16	good	good	ADJ
fsr-3220	351	17	)	)	PUNCT
fsr-3220	351	18	relative	relative	ADJ
fsr-3220	351	19	to	to	ADP
fsr-3220	351	20	downside	downside	ADJ
fsr-3220	351	21	returns	return	NOUN
fsr-3220	351	22	(	(	PUNCT
fsr-3220	351	23	bad	bad	ADJ
fsr-3220	351	24	)	)	PUNCT
fsr-3220	351	25	.	.	PUNCT
fsr-3220	352	1	while	while	SCONJ
fsr-3220	352	2	the	the	DET
fsr-3220	352	3	sharpe	sharpe	PROPN
fsr-3220	352	4	ratio	ratio	NOUN
fsr-3220	352	5	covers	cover	VERB
fsr-3220	352	6	only	only	ADV
fsr-3220	352	7	the	the	DET
fsr-3220	352	8	first	first	ADJ
fsr-3220	352	9	two	two	NUM
fsr-3220	352	10	moments	moment	NOUN
fsr-3220	352	11	of	of	ADP
fsr-3220	352	12	return	return	NOUN
fsr-3220	352	13	distribution	distribution	NOUN
fsr-3220	352	14	(	(	PUNCT
fsr-3220	352	15	means	mean	NOUN
fsr-3220	352	16	and	and	CCONJ
fsr-3220	352	17	variance	variance	NOUN
fsr-3220	352	18	)	)	PUNCT
fsr-3220	352	19	,	,	PUNCT
fsr-3220	352	20	omega	omega	NOUN
fsr-3220	352	21	ratio	ratio	NOUN
fsr-3220	352	22	covers	cover	VERB
fsr-3220	352	23	all	all	DET
fsr-3220	352	24	moments	moment	NOUN
fsr-3220	352	25	of	of	ADP
fsr-3220	352	26	return	return	NOUN
fsr-3220	352	27	distribution	distribution	NOUN
fsr-3220	352	28	or	or	CCONJ
fsr-3220	352	29	the	the	DET
fsr-3220	352	30	omega	omega	NOUN
fsr-3220	352	31	ratio	ratio	NOUN
fsr-3220	352	32	is	be	AUX
fsr-3220	352	33	an	an	DET
fsr-3220	352	34	alternative	alternative	ADJ
fsr-3220	352	35	measure	measure	NOUN
fsr-3220	352	36	of	of	ADP
fsr-3220	352	37	asset	asset	NOUN
fsr-3220	352	38	performance	performance	NOUN
fsr-3220	352	39	that	that	PRON
fsr-3220	352	40	gives	give	VERB
fsr-3220	352	41	the	the	DET
fsr-3220	352	42	investor	investor	NOUN
fsr-3220	352	43	the	the	DET
fsr-3220	352	44	information	information	NOUN
fsr-3220	352	45	the	the	DET
fsr-3220	352	46	sharpe	sharpe	PROPN
fsr-3220	352	47	ratio	ratio	NOUN
fsr-3220	352	48	discards	discard	NOUN
fsr-3220	352	49	.	.	PUNCT
fsr-3220	353	1	�	�	PROPN
fsr-3220	353	2	�	�	PROPN
fsr-3220	353	3	�	�	PROPN
fsr-3220	353	4	r	r	NOUN
fsr-3220	353	5	b	b	PROPN
fsr-3220	353	6	�	�	PROPN
fsr-3220	353	7	1	1	NUM
fsr-3220	353	8	�	�	PROPN
fsr-3220	353	9	f	f	PROPN
fsr-3220	353	10	�	�	PROPN
fsr-3220	353	11	x	x	SYM
fsr-3220	353	12	�	�	PROPN
fsr-3220	353	13	�	�	PROPN
fsr-3220	353	14	dx	dx	PROPN
fsr-3220	353	15	�	�	PROPN
fsr-3220	353	16	a	a	DET
fsr-3220	353	17	r	r	NOUN
fsr-3220	353	18	f	f	PROPN
fsr-3220	353	19	�	�	PROPN
fsr-3220	353	20	x	x	SYM
fsr-3220	353	21	�	�	PROPN
fsr-3220	353	22	dx	dx	PROPN
fsr-3220	353	23	where	where	SCONJ
fsr-3220	353	24	f(x	f(x	PROPN
fsr-3220	353	25	)	)	PUNCT
fsr-3220	353	26	is	be	AUX
fsr-3220	353	27	the	the	DET
fsr-3220	353	28	cumulative	cumulative	ADJ
fsr-3220	353	29	probability	probability	NOUN
fsr-3220	353	30	distribution	distribution	NOUN
fsr-3220	353	31	(	(	PUNCT
fsr-3220	353	32	i.e.	i.e.	X
fsr-3220	353	33	,	,	PUNCT
fsr-3220	353	34	the	the	DET
fsr-3220	353	35	probability	probability	NOUN
fsr-3220	353	36	that	that	SCONJ
fsr-3220	353	37	a	a	DET
fsr-3220	353	38	return	return	NOUN
fsr-3220	353	39	will	will	AUX
fsr-3220	353	40	be	be	AUX
fsr-3220	353	41	less	less	ADJ
fsr-3220	353	42	than	than	ADP
fsr-3220	353	43	x	x	PROPN
fsr-3220	353	44	)	)	PUNCT
fsr-3220	353	45	,	,	PUNCT
fsr-3220	353	46	r	r	NOUN
fsr-3220	353	47	is	be	AUX
fsr-3220	353	48	a	a	DET
fsr-3220	353	49	threshold	threshold	NOUN
fsr-3220	353	50	value	value	NOUN
fsr-3220	353	51	selected	select	VERB
fsr-3220	353	52	by	by	ADP
fsr-3220	353	53	the	the	DET
fsr-3220	353	54	investor	investor	NOUN
fsr-3220	353	55	and	and	CCONJ
fsr-3220	353	56	a	a	DET
fsr-3220	353	57	,	,	PUNCT
fsr-3220	353	58	b	b	NOUN
fsr-3220	353	59	are	be	AUX
fsr-3220	353	60	the	the	DET
fsr-3220	353	61	investment	investment	NOUN
fsr-3220	353	62	196	196	NUM
fsr-3220	353	63	s.	s.	PROPN
fsr-3220	353	64	kanuri	kanuri	PROPN
fsr-3220	353	65	/	/	SYM
fsr-3220	353	66	financial	financial	ADJ
fsr-3220	353	67	services	service	NOUN
fsr-3220	353	68	review	review	VERB
fsr-3220	353	69	25	25	NUM
fsr-3220	353	70	(	(	PUNCT
fsr-3220	353	71	2016	2016	NUM
fsr-3220	353	72	)	)	PUNCT
fsr-3220	353	73	181–198	181–198	NUM
fsr-3220	353	74	intervals	interval	NOUN
fsr-3220	353	75	.	.	PUNCT
fsr-3220	354	1	it	it	PRON
fsr-3220	354	2	is	be	AUX
fsr-3220	354	3	effectively	effectively	ADV
fsr-3220	354	4	equal	equal	ADJ
fsr-3220	354	5	to	to	ADP
fsr-3220	354	6	the	the	DET
fsr-3220	354	7	probability	probability	NOUN
fsr-3220	354	8	weighted	weight	VERB
fsr-3220	354	9	gains	gain	NOUN
fsr-3220	354	10	divided	divide	VERB
fsr-3220	354	11	by	by	ADP
fsr-3220	354	12	the	the	DET
fsr-3220	354	13	probability	probability	NOUN
fsr-3220	354	14	weighted	weight	VERB
fsr-3220	354	15	losses	loss	NOUN
fsr-3220	354	16	after	after	ADP
fsr-3220	354	17	a	a	DET
fsr-3220	354	18	threshold	threshold	NOUN
fsr-3220	354	19	.	.	PUNCT
fsr-3220	355	1	kappa	kappa	PROPN
fsr-3220	355	2	3	3	NUM
fsr-3220	355	3	ratio	ratio	NOUN
fsr-3220	355	4	:	:	PUNCT
fsr-3220	355	5	motivated	motivate	VERB
fsr-3220	355	6	to	to	PART
fsr-3220	355	7	find	find	VERB
fsr-3220	355	8	a	a	DET
fsr-3220	355	9	more	more	ADV
fsr-3220	355	10	generalized	generalized	ADJ
fsr-3220	355	11	risk	risk	NOUN
fsr-3220	355	12	-	-	PUNCT
fsr-3220	355	13	adjusted	adjust	VERB
fsr-3220	355	14	performance	performance	NOUN
fsr-3220	355	15	measure	measure	NOUN
fsr-3220	355	16	,	,	PUNCT
fsr-3220	355	17	kaplan	kaplan	PROPN
fsr-3220	355	18	and	and	CCONJ
fsr-3220	355	19	knowles	knowles	PROPN
fsr-3220	355	20	(	(	PUNCT
fsr-3220	355	21	2004	2004	NUM
fsr-3220	355	22	)	)	PUNCT
fsr-3220	355	23	developed	develop	VERB
fsr-3220	355	24	the	the	DET
fsr-3220	355	25	kappa	kappa	ADJ
fsr-3220	355	26	-	-	NOUN
fsr-3220	355	27	measure	measure	NOUN
fsr-3220	355	28	.	.	PUNCT
fsr-3220	356	1	they	they	PRON
fsr-3220	356	2	show	show	VERB
fsr-3220	356	3	that	that	SCONJ
fsr-3220	356	4	the	the	DET
fsr-3220	356	5	omega	omega	NOUN
fsr-3220	356	6	and	and	CCONJ
fsr-3220	356	7	the	the	DET
fsr-3220	356	8	sortino	sortino	ADJ
fsr-3220	356	9	ratios	ratio	NOUN
fsr-3220	356	10	are	be	AUX
fsr-3220	356	11	only	only	ADV
fsr-3220	356	12	special	special	ADJ
fsr-3220	356	13	cases	case	NOUN
fsr-3220	356	14	of	of	ADP
fsr-3220	356	15	kappa	kappa	ADJ
fsr-3220	356	16	,	,	PUNCT
fsr-3220	356	17	whereby	whereby	SCONJ
fsr-3220	356	18	the	the	DET
fsr-3220	356	19	parameter	parameter	NOUN
fsr-3220	356	20	n	n	PROPN
fsr-3220	356	21	of	of	ADP
fsr-3220	356	22	kappa	kappa	ADJ
fsr-3220	356	23	determines	determine	NOUN
fsr-3220	356	24	whether	whether	SCONJ
fsr-3220	356	25	the	the	DET
fsr-3220	356	26	sortino	sortino	ADJ
fsr-3220	356	27	ratio	ratio	NOUN
fsr-3220	356	28	,	,	PUNCT
fsr-3220	356	29	omega	omega	NOUN
fsr-3220	356	30	,	,	PUNCT
fsr-3220	356	31	or	or	CCONJ
fsr-3220	356	32	another	another	DET
fsr-3220	356	33	risk	risk	NOUN
fsr-3220	356	34	-	-	PUNCT
fsr-3220	356	35	adjusted	adjust	VERB
fsr-3220	356	36	return	return	NOUN
fsr-3220	356	37	measure	measure	NOUN
fsr-3220	356	38	is	be	AUX
fsr-3220	356	39	generated	generate	VERB
fsr-3220	356	40	.	.	PUNCT
fsr-3220	357	1	the	the	DET
fsr-3220	357	2	general	general	ADJ
fsr-3220	357	3	form	form	NOUN
fsr-3220	357	4	of	of	ADP
fsr-3220	357	5	kappa	kappa	PROPN
fsr-3220	357	6	is	be	AUX
fsr-3220	357	7	described	describe	VERB
fsr-3220	357	8	by	by	ADP
fsr-3220	357	9	the	the	DET
fsr-3220	357	10	expression	expression	NOUN
fsr-3220	357	11	below	below	ADV
fsr-3220	357	12	.	.	PUNCT
fsr-3220	358	1	kn	kn	PROPN
fsr-3220	358	2	�	�	PROPN
fsr-3220	358	3	�	�	PROPN
fsr-3220	358	4	�	�	PROPN
fsr-3220	358	5	�	�	PROPN
fsr-3220	358	6	�	�	PROPN
fsr-3220	358	7	�	�	PROPN
fsr-3220	358	8	�	�	PROPN
fsr-3220	358	9	n	n	CCONJ
fsr-3220	358	10	�	�	PROPN
fsr-3220	358	11	lpmn	lpmn	PROPN
fsr-3220	358	12	�	�	PROPN
fsr-3220	358	13	�	�	PROPN
fsr-3220	358	14	�	�	PROPN
fsr-3220	358	15	choosing	choose	VERB
fsr-3220	358	16	n	n	PRON
fsr-3220	358	17	�	�	PROPN
fsr-3220	358	18	1	1	NUM
fsr-3220	358	19	and	and	CCONJ
fsr-3220	358	20	n	n	PRON
fsr-3220	358	21	�	�	PROPN
fsr-3220	358	22	2	2	NUM
fsr-3220	358	23	yields	yield	VERB
fsr-3220	358	24	the	the	DET
fsr-3220	358	25	omega	omega	NOUN
fsr-3220	358	26	(	(	PUNCT
fsr-3220	358	27	�	�	NOUN
fsr-3220	358	28	k1	k1	NOUN
fsr-3220	358	29	)	)	PUNCT
fsr-3220	358	30	and	and	CCONJ
fsr-3220	358	31	the	the	DET
fsr-3220	358	32	sortino	sortino	ADJ
fsr-3220	358	33	ratio	ratio	NOUN
fsr-3220	358	34	(	(	PUNCT
fsr-3220	358	35	�	�	NOUN
fsr-3220	358	36	k2	k2	NOUN
fsr-3220	358	37	)	)	PUNCT
fsr-3220	358	38	,	,	PUNCT
fsr-3220	358	39	respectively	respectively	ADV
fsr-3220	358	40	.	.	PUNCT
fsr-3220	359	1	in	in	ADP
fsr-3220	359	2	general	general	ADJ
fsr-3220	359	3	,	,	PUNCT
fsr-3220	359	4	any	any	DET
fsr-3220	359	5	number	number	NOUN
fsr-3220	359	6	is	be	AUX
fsr-3220	359	7	possible	possible	ADJ
fsr-3220	359	8	for	for	SCONJ
fsr-3220	359	9	the	the	DET
fsr-3220	359	10	parameter	parameter	PROPN
fsr-3220	359	11	n.	n.	PROPN
fsr-3220	359	12	kappa	kappa	PROPN
fsr-3220	359	13	3	3	NUM
fsr-3220	359	14	(	(	PUNCT
fsr-3220	359	15	�	�	NOUN
fsr-3220	359	16	k3	k3	VERB
fsr-3220	359	17	)	)	PUNCT
fsr-3220	359	18	however	however	ADV
fsr-3220	359	19	,	,	PUNCT
fsr-3220	359	20	seems	seem	VERB
fsr-3220	359	21	to	to	PART
fsr-3220	359	22	be	be	AUX
fsr-3220	359	23	the	the	DET
fsr-3220	359	24	most	most	ADV
fsr-3220	359	25	frequently	frequently	ADV
fsr-3220	359	26	used	use	VERB
fsr-3220	359	27	version	version	NOUN
fsr-3220	359	28	of	of	ADP
fsr-3220	359	29	the	the	DET
fsr-3220	359	30	kappa	kappa	PROPN
fsr-3220	359	31	measure	measure	NOUN
fsr-3220	359	32	in	in	ADP
fsr-3220	359	33	literature	literature	NOUN
fsr-3220	359	34	(	(	PUNCT
fsr-3220	359	35	e.g.	e.g.	ADV
fsr-3220	359	36	,	,	PUNCT
fsr-3220	359	37	eling	eling	PROPN
fsr-3220	359	38	and	and	CCONJ
fsr-3220	359	39	schumacher	schumacher	PROPN
fsr-3220	359	40	(	(	PUNCT
fsr-3220	359	41	2007	2007	NUM
fsr-3220	359	42	)	)	PUNCT
fsr-3220	359	43	,	,	PUNCT
fsr-3220	359	44	kaplan	kaplan	PROPN
fsr-3220	359	45	and	and	CCONJ
fsr-3220	359	46	knowles	knowles	PROPN
fsr-3220	359	47	(	(	PUNCT
fsr-3220	359	48	2004	2004	NUM
fsr-3220	359	49	)	)	PUNCT
fsr-3220	359	50	)	)	PUNCT
fsr-3220	359	51	.	.	PUNCT
fsr-3220	360	1	thus	thus	ADV
fsr-3220	360	2	,	,	PUNCT
fsr-3220	360	3	k3	k3	PROPN
fsr-3220	360	4	shall	shall	AUX
fsr-3220	360	5	also	also	ADV
fsr-3220	360	6	be	be	AUX
fsr-3220	360	7	applied	apply	VERB
fsr-3220	360	8	in	in	ADP
fsr-3220	360	9	the	the	DET
fsr-3220	360	10	empirical	empirical	ADJ
fsr-3220	360	11	examination	examination	NOUN
fsr-3220	360	12	of	of	ADP
fsr-3220	360	13	performance	performance	NOUN
fsr-3220	360	14	measures	measure	NOUN
fsr-3220	360	15	in	in	ADP
fsr-3220	360	16	this	this	DET
fsr-3220	360	17	composition	composition	NOUN
fsr-3220	360	18	.	.	PUNCT
fsr-3220	361	1	references	reference	NOUN
fsr-3220	361	2	agarwal	agarwal	PROPN
fsr-3220	361	3	,	,	PUNCT
fsr-3220	361	4	v.	v.	PROPN
fsr-3220	361	5	,	,	PUNCT
fsr-3220	361	6	boyson	boyson	NOUN
fsr-3220	361	7	,	,	PUNCT
fsr-3220	361	8	n.	n.	NOUN
fsr-3220	361	9	m.	m.	NOUN
fsr-3220	361	10	,	,	PUNCT
fsr-3220	361	11	&	&	CCONJ
fsr-3220	361	12	naik	naik	PROPN
fsr-3220	361	13	,	,	PUNCT
fsr-3220	361	14	n.	n.	PROPN
fsr-3220	361	15	y.	y.	PROPN
fsr-3220	361	16	(	(	PUNCT
fsr-3220	361	17	2009	2009	NUM
fsr-3220	361	18	)	)	PUNCT
fsr-3220	361	19	.	.	PUNCT
fsr-3220	362	1	hedge	hedge	NOUN
fsr-3220	362	2	funds	fund	NOUN
fsr-3220	362	3	for	for	ADP
fsr-3220	362	4	retail	retail	ADJ
fsr-3220	362	5	investors	investor	NOUN
fsr-3220	362	6	?	?	PUNCT
fsr-3220	363	1	an	an	DET
fsr-3220	363	2	examination	examination	NOUN
fsr-3220	363	3	of	of	ADP
fsr-3220	363	4	hedged	hedge	VERB
fsr-3220	363	5	mutual	mutual	ADJ
fsr-3220	363	6	funds	fund	NOUN
fsr-3220	363	7	.	.	PUNCT
fsr-3220	364	1	journal	journal	NOUN
fsr-3220	364	2	of	of	ADP
fsr-3220	364	3	financial	financial	ADJ
fsr-3220	364	4	and	and	CCONJ
fsr-3220	364	5	quantitative	quantitative	ADJ
fsr-3220	364	6	analysis	analysis	NOUN
fsr-3220	364	7	,	,	PUNCT
fsr-3220	364	8	44	44	NUM
fsr-3220	364	9	,	,	PUNCT
fsr-3220	364	10	273	273	NUM
fsr-3220	364	11	.	.	PUNCT
fsr-3220	365	1	baks	bak	NOUN
fsr-3220	365	2	,	,	PUNCT
fsr-3220	365	3	k.	k.	PROPN
fsr-3220	366	1	p.	p.	PROPN
fsr-3220	366	2	(	(	PUNCT
fsr-3220	366	3	2003	2003	NUM
fsr-3220	366	4	)	)	PUNCT
fsr-3220	366	5	.	.	PUNCT
fsr-3220	367	1	on	on	ADP
fsr-3220	367	2	the	the	DET
fsr-3220	367	3	performance	performance	NOUN
fsr-3220	367	4	of	of	ADP
fsr-3220	367	5	mutual	mutual	ADJ
fsr-3220	367	6	fund	fund	NOUN
fsr-3220	367	7	managers	manager	NOUN
fsr-3220	367	8	.	.	PUNCT
fsr-3220	368	1	working	work	VERB
fsr-3220	368	2	paper	paper	NOUN
fsr-3220	368	3	,	,	PUNCT
fsr-3220	368	4	emory	emory	PROPN
fsr-3220	368	5	university	university	PROPN
fsr-3220	368	6	.	.	PUNCT
fsr-3220	369	1	bauer	bauer	PROPN
fsr-3220	369	2	,	,	PUNCT
fsr-3220	369	3	r.	r.	PROPN
fsr-3220	369	4	,	,	PUNCT
fsr-3220	369	5	koedijk	koedijk	PROPN
fsr-3220	369	6	,	,	PUNCT
fsr-3220	369	7	k.	k.	PROPN
fsr-3220	369	8	,	,	PUNCT
fsr-3220	369	9	&	&	CCONJ
fsr-3220	369	10	otten	otten	PROPN
fsr-3220	369	11	,	,	PUNCT
fsr-3220	369	12	r.	r.	PROPN
fsr-3220	369	13	(	(	PUNCT
fsr-3220	369	14	2005	2005	NUM
fsr-3220	369	15	)	)	PUNCT
fsr-3220	369	16	.	.	PUNCT
fsr-3220	370	1	international	international	ADJ
fsr-3220	370	2	evidence	evidence	NOUN
fsr-3220	370	3	on	on	ADP
fsr-3220	370	4	ethical	ethical	ADJ
fsr-3220	370	5	mutual	mutual	ADJ
fsr-3220	370	6	fund	fund	NOUN
fsr-3220	370	7	performance	performance	NOUN
fsr-3220	370	8	and	and	CCONJ
fsr-3220	370	9	investment	investment	NOUN
fsr-3220	370	10	style	style	NOUN
fsr-3220	370	11	.	.	PUNCT
fsr-3220	371	1	journal	journal	NOUN
fsr-3220	371	2	of	of	ADP
fsr-3220	371	3	banking	banking	NOUN
fsr-3220	371	4	&	&	CCONJ
fsr-3220	371	5	finance	finance	PROPN
fsr-3220	371	6	,	,	PUNCT
fsr-3220	371	7	29	29	NUM
fsr-3220	371	8	,	,	PUNCT
fsr-3220	371	9	1751–1767	1751–1767	NUM
fsr-3220	371	10	.	.	PUNCT
fsr-3220	372	1	bauer	bauer	PROPN
fsr-3220	372	2	,	,	PUNCT
fsr-3220	372	3	r.	r.	PROPN
fsr-3220	372	4	,	,	PUNCT
fsr-3220	372	5	otten	otten	PROPN
fsr-3220	372	6	,	,	PUNCT
fsr-3220	372	7	r.	r.	PROPN
fsr-3220	372	8	,	,	PUNCT
fsr-3220	372	9	&	&	CCONJ
fsr-3220	372	10	rad	rad	PROPN
fsr-3220	372	11	,	,	PUNCT
fsr-3220	372	12	a.	a.	NOUN
fsr-3220	372	13	(	(	PUNCT
fsr-3220	372	14	2006	2006	NUM
fsr-3220	372	15	)	)	PUNCT
fsr-3220	372	16	.	.	PUNCT
fsr-3220	373	1	new	new	PROPN
fsr-3220	373	2	zealand	zealand	PROPN
fsr-3220	373	3	mutual	mutual	ADJ
fsr-3220	373	4	funds	fund	NOUN
fsr-3220	373	5	:	:	PUNCT
fsr-3220	373	6	measuring	measure	VERB
fsr-3220	373	7	performance	performance	NOUN
fsr-3220	373	8	and	and	CCONJ
fsr-3220	373	9	persistence	persistence	NOUN
fsr-3220	373	10	in	in	ADP
fsr-3220	373	11	performance	performance	NOUN
fsr-3220	373	12	.	.	PUNCT
fsr-3220	374	1	accounting	accounting	NOUN
fsr-3220	374	2	&	&	CCONJ
fsr-3220	374	3	finance	finance	PROPN
fsr-3220	374	4	,	,	PUNCT
fsr-3220	374	5	46	46	NUM
fsr-3220	374	6	,	,	PUNCT
fsr-3220	374	7	347–363	347–363	NUM
fsr-3220	374	8	.	.	PUNCT
fsr-3220	375	1	bauer	bauer	PROPN
fsr-3220	375	2	,	,	PUNCT
fsr-3220	375	3	r.	r.	PROPN
fsr-3220	375	4	,	,	PUNCT
fsr-3220	375	5	derwall	derwall	PROPN
fsr-3220	375	6	,	,	PUNCT
fsr-3220	375	7	j.	j.	PROPN
fsr-3220	375	8	,	,	PUNCT
fsr-3220	375	9	&	&	CCONJ
fsr-3220	375	10	otten	otten	PROPN
fsr-3220	375	11	,	,	PUNCT
fsr-3220	375	12	r.	r.	PROPN
fsr-3220	375	13	(	(	PUNCT
fsr-3220	375	14	2007	2007	NUM
fsr-3220	375	15	)	)	PUNCT
fsr-3220	375	16	.	.	PUNCT
fsr-3220	376	1	the	the	DET
fsr-3220	376	2	ethical	ethical	ADJ
fsr-3220	376	3	mutual	mutual	ADJ
fsr-3220	376	4	fund	fund	NOUN
fsr-3220	376	5	performance	performance	NOUN
fsr-3220	376	6	debate	debate	NOUN
fsr-3220	376	7	:	:	PUNCT
fsr-3220	376	8	new	new	ADJ
fsr-3220	376	9	evidence	evidence	NOUN
fsr-3220	376	10	from	from	ADP
fsr-3220	376	11	canada	canada	PROPN
fsr-3220	376	12	.	.	PUNCT
fsr-3220	377	1	journal	journal	PROPN
fsr-3220	377	2	of	of	ADP
fsr-3220	377	3	business	business	NOUN
fsr-3220	377	4	ethics	ethic	NOUN
fsr-3220	377	5	,	,	PUNCT
fsr-3220	377	6	70	70	NUM
fsr-3220	377	7	,	,	PUNCT
fsr-3220	377	8	111–124	111–124	NUM
fsr-3220	377	9	.	.	PUNCT
fsr-3220	377	10	blake	blake	PROPN
fsr-3220	377	11	,	,	PUNCT
fsr-3220	377	12	c.	c.	PROPN
fsr-3220	377	13	r.	r.	PROPN
fsr-3220	377	14	,	,	PUNCT
fsr-3220	377	15	elton	elton	PROPN
fsr-3220	377	16	,	,	PUNCT
fsr-3220	377	17	e.	e.	PROPN
fsr-3220	377	18	j.	j.	PROPN
fsr-3220	377	19	,	,	PUNCT
fsr-3220	377	20	&	&	CCONJ
fsr-3220	377	21	gruber	gruber	PROPN
fsr-3220	377	22	,	,	PUNCT
fsr-3220	377	23	m.	m.	NOUN
fsr-3220	377	24	j.	j.	PROPN
fsr-3220	377	25	(	(	PUNCT
fsr-3220	377	26	1993	1993	NUM
fsr-3220	377	27	)	)	PUNCT
fsr-3220	377	28	.	.	PUNCT
fsr-3220	378	1	the	the	DET
fsr-3220	378	2	performance	performance	NOUN
fsr-3220	378	3	of	of	ADP
fsr-3220	378	4	bond	bond	NOUN
fsr-3220	378	5	mutual	mutual	ADJ
fsr-3220	378	6	funds	fund	NOUN
fsr-3220	378	7	.	.	PUNCT
fsr-3220	379	1	journal	journal	NOUN
fsr-3220	379	2	of	of	ADP
fsr-3220	379	3	business	business	NOUN
fsr-3220	379	4	,	,	PUNCT
fsr-3220	379	5	66	66	NUM
fsr-3220	379	6	,	,	PUNCT
fsr-3220	379	7	371–403	371–403	NUM
fsr-3220	379	8	.	.	PUNCT
fsr-3220	380	1	brown	brown	PROPN
fsr-3220	380	2	,	,	PUNCT
fsr-3220	380	3	j.r	j.r	PROPN
fsr-3220	380	4	.	.	PROPN
fsr-3220	380	5	,	,	PUNCT
fsr-3220	380	6	liang	liang	PROPN
fsr-3220	380	7	,	,	PUNCT
fsr-3220	380	8	n.	n.	PROPN
fsr-3220	380	9	,	,	PUNCT
fsr-3220	380	10	&	&	CCONJ
fsr-3220	380	11	weisbenner	weisbenner	PROPN
fsr-3220	380	12	,	,	PUNCT
fsr-3220	380	13	s.	s.	PROPN
fsr-3220	380	14	(	(	PUNCT
fsr-3220	380	15	2007	2007	NUM
fsr-3220	380	16	)	)	PUNCT
fsr-3220	380	17	.	.	PUNCT
fsr-3220	381	1	individual	individual	ADJ
fsr-3220	381	2	account	account	NOUN
fsr-3220	381	3	investment	investment	NOUN
fsr-3220	381	4	options	option	NOUN
fsr-3220	381	5	and	and	CCONJ
fsr-3220	381	6	portfolio	portfolio	NOUN
fsr-3220	381	7	choice	choice	NOUN
fsr-3220	381	8	.	.	PUNCT
fsr-3220	382	1	behavioral	behavioral	ADJ
fsr-3220	382	2	lessons	lesson	NOUN
fsr-3220	382	3	from	from	ADP
fsr-3220	382	4	401(k	401(k	PROPN
fsr-3220	382	5	)	)	PUNCT
fsr-3220	382	6	plans	plan	NOUN
fsr-3220	382	7	.	.	PUNCT
fsr-3220	383	1	journal	journal	NOUN
fsr-3220	383	2	of	of	ADP
fsr-3220	383	3	public	public	ADJ
fsr-3220	383	4	economics	economic	NOUN
fsr-3220	383	5	,	,	PUNCT
fsr-3220	383	6	91(10	91(10	NUM
fsr-3220	383	7	)	)	PUNCT
fsr-3220	383	8	,	,	PUNCT
fsr-3220	383	9	1992–2013	1992–2013	NUM
fsr-3220	383	10	.	.	PUNCT
fsr-3220	384	1	carhart	carhart	NOUN
fsr-3220	384	2	,	,	PUNCT
fsr-3220	384	3	m.	m.	NOUN
fsr-3220	384	4	m.	m.	NOUN
fsr-3220	384	5	(	(	PUNCT
fsr-3220	384	6	1997	1997	NUM
fsr-3220	384	7	)	)	PUNCT
fsr-3220	384	8	.	.	PUNCT
fsr-3220	385	1	on	on	ADP
fsr-3220	385	2	persistence	persistence	NOUN
fsr-3220	385	3	in	in	ADP
fsr-3220	385	4	mutual	mutual	ADJ
fsr-3220	385	5	fund	fund	NOUN
fsr-3220	385	6	performance	performance	NOUN
fsr-3220	385	7	.	.	PUNCT
fsr-3220	386	1	the	the	DET
fsr-3220	386	2	journal	journal	PROPN
fsr-3220	386	3	of	of	ADP
fsr-3220	386	4	finance	finance	NOUN
fsr-3220	386	5	,	,	PUNCT
fsr-3220	386	6	52	52	NUM
fsr-3220	386	7	,	,	PUNCT
fsr-3220	386	8	57–82	57–82	NUM
fsr-3220	386	9	.	.	SYM
fsr-3220	386	10	davidoff	davidoff	PROPN
fsr-3220	386	11	,	,	PUNCT
fsr-3220	386	12	t.	t.	PROPN
fsr-3220	386	13	,	,	PUNCT
fsr-3220	386	14	brown	brown	PROPN
fsr-3220	386	15	,	,	PUNCT
fsr-3220	386	16	j.	j.	PROPN
fsr-3220	386	17	r.	r.	PROPN
fsr-3220	386	18	,	,	PUNCT
fsr-3220	386	19	&	&	CCONJ
fsr-3220	386	20	diamond	diamond	NOUN
fsr-3220	386	21	,	,	PUNCT
fsr-3220	386	22	p.	p.	NOUN
fsr-3220	386	23	a.	a.	NOUN
fsr-3220	386	24	(	(	PUNCT
fsr-3220	386	25	2003	2003	NUM
fsr-3220	386	26	)	)	PUNCT
fsr-3220	386	27	.	.	PUNCT
fsr-3220	387	1	annuities	annuity	NOUN
fsr-3220	387	2	and	and	CCONJ
fsr-3220	387	3	individual	individual	ADJ
fsr-3220	387	4	welfare	welfare	NOUN
fsr-3220	387	5	(	(	PUNCT
fsr-3220	387	6	no	no	INTJ
fsr-3220	387	7	.	.	PUNCT
fsr-3220	387	8	w9714	w9714	NUM
fsr-3220	387	9	)	)	PUNCT
fsr-3220	387	10	.	.	PUNCT
fsr-3220	388	1	national	national	PROPN
fsr-3220	388	2	bureau	bureau	PROPN
fsr-3220	388	3	of	of	ADP
fsr-3220	388	4	economic	economic	ADJ
fsr-3220	388	5	research	research	NOUN
fsr-3220	388	6	.	.	PUNCT
fsr-3220	389	1	deli	deli	PROPN
fsr-3220	389	2	,	,	PUNCT
fsr-3220	389	3	d.	d.	PROPN
fsr-3220	389	4	n.	n.	PROPN
fsr-3220	389	5	,	,	PUNCT
fsr-3220	389	6	&	&	CCONJ
fsr-3220	389	7	varma	varma	PROPN
fsr-3220	389	8	,	,	PUNCT
fsr-3220	389	9	r.	r.	PROPN
fsr-3220	389	10	(	(	PUNCT
fsr-3220	389	11	2002	2002	NUM
fsr-3220	389	12	)	)	PUNCT
fsr-3220	389	13	.	.	PUNCT
fsr-3220	390	1	contracting	contract	VERB
fsr-3220	390	2	in	in	ADP
fsr-3220	390	3	the	the	DET
fsr-3220	390	4	investment	investment	NOUN
fsr-3220	390	5	management	management	NOUN
fsr-3220	390	6	industry	industry	NOUN
fsr-3220	390	7	:	:	PUNCT
fsr-3220	390	8	evidence	evidence	NOUN
fsr-3220	390	9	from	from	ADP
fsr-3220	390	10	mutual	mutual	ADJ
fsr-3220	390	11	funds	fund	NOUN
fsr-3220	390	12	.	.	PUNCT
fsr-3220	391	1	journal	journal	NOUN
fsr-3220	391	2	of	of	ADP
fsr-3220	391	3	financial	financial	ADJ
fsr-3220	391	4	economics	economic	NOUN
fsr-3220	391	5	,	,	PUNCT
fsr-3220	391	6	63	63	NUM
fsr-3220	391	7	,	,	PUNCT
fsr-3220	391	8	79–98	79–98	PROPN
fsr-3220	391	9	.	.	PUNCT
fsr-3220	391	10	dellva	dellva	PROPN
fsr-3220	391	11	,	,	PUNCT
fsr-3220	391	12	w.	w.	PROPN
fsr-3220	391	13	l.	l.	PROPN
fsr-3220	391	14	,	,	PUNCT
fsr-3220	391	15	&	&	CCONJ
fsr-3220	391	16	olson	olson	PROPN
fsr-3220	391	17	,	,	PUNCT
fsr-3220	391	18	g.	g.	PROPN
fsr-3220	391	19	t.	t.	PROPN
fsr-3220	391	20	(	(	PUNCT
fsr-3220	391	21	1998	1998	NUM
fsr-3220	391	22	)	)	PUNCT
fsr-3220	391	23	.	.	PUNCT
fsr-3220	392	1	the	the	DET
fsr-3220	392	2	relationship	relationship	NOUN
fsr-3220	392	3	between	between	ADP
fsr-3220	392	4	mutual	mutual	ADJ
fsr-3220	392	5	fund	fund	NOUN
fsr-3220	392	6	fees	fee	NOUN
fsr-3220	392	7	and	and	CCONJ
fsr-3220	392	8	expenses	expense	NOUN
fsr-3220	392	9	and	and	CCONJ
fsr-3220	392	10	their	their	PRON
fsr-3220	392	11	effects	effect	NOUN
fsr-3220	392	12	on	on	ADP
fsr-3220	392	13	performance	performance	NOUN
fsr-3220	392	14	.	.	PUNCT
fsr-3220	393	1	financial	financial	ADJ
fsr-3220	393	2	review	review	PROPN
fsr-3220	393	3	,	,	PUNCT
fsr-3220	393	4	33	33	NUM
fsr-3220	393	5	,	,	PUNCT
fsr-3220	393	6	85–104	85–104	PROPN
fsr-3220	393	7	.	.	PUNCT
fsr-3220	393	8	domian	domian	PROPN
fsr-3220	393	9	,	,	PUNCT
fsr-3220	393	10	d.	d.	PROPN
fsr-3220	393	11	l.	l.	PROPN
fsr-3220	393	12	,	,	PUNCT
fsr-3220	393	13	&	&	CCONJ
fsr-3220	393	14	reichenstein	reichenstein	PROPN
fsr-3220	393	15	,	,	PUNCT
fsr-3220	393	16	w.	w.	PROPN
fsr-3220	393	17	(	(	PUNCT
fsr-3220	393	18	1997	1997	NUM
fsr-3220	393	19	)	)	PUNCT
fsr-3220	393	20	.	.	PUNCT
fsr-3220	394	1	performance	performance	NOUN
fsr-3220	394	2	and	and	CCONJ
fsr-3220	394	3	persistence	persistence	NOUN
fsr-3220	394	4	in	in	ADP
fsr-3220	394	5	money	money	NOUN
fsr-3220	394	6	market	market	NOUN
fsr-3220	394	7	fund	fund	NOUN
fsr-3220	394	8	returns	return	NOUN
fsr-3220	394	9	.	.	PUNCT
fsr-3220	395	1	financial	financial	ADJ
fsr-3220	395	2	services	service	NOUN
fsr-3220	395	3	review	review	PROPN
fsr-3220	395	4	,	,	PUNCT
fsr-3220	395	5	6	6	NUM
fsr-3220	395	6	,	,	PUNCT
fsr-3220	395	7	169–183	169–183	NUM
fsr-3220	395	8	.	.	PUNCT
fsr-3220	396	1	dowen	dowen	PROPN
fsr-3220	396	2	,	,	PUNCT
fsr-3220	396	3	r.	r.	PROPN
fsr-3220	396	4	j.	j.	PROPN
fsr-3220	396	5	,	,	PUNCT
fsr-3220	396	6	&	&	CCONJ
fsr-3220	396	7	mann	mann	PROPN
fsr-3220	396	8	,	,	PUNCT
fsr-3220	396	9	t.	t.	PROPN
fsr-3220	396	10	(	(	PUNCT
fsr-3220	396	11	2004	2004	NUM
fsr-3220	396	12	)	)	PUNCT
fsr-3220	396	13	.	.	PUNCT
fsr-3220	397	1	mutual	mutual	ADJ
fsr-3220	397	2	fund	fund	NOUN
fsr-3220	397	3	performance	performance	NOUN
fsr-3220	397	4	,	,	PUNCT
fsr-3220	397	5	management	management	NOUN
fsr-3220	397	6	behavior	behavior	NOUN
fsr-3220	397	7	,	,	PUNCT
fsr-3220	397	8	and	and	CCONJ
fsr-3220	397	9	investor	investor	NOUN
fsr-3220	397	10	costs	cost	NOUN
fsr-3220	397	11	.	.	PUNCT
fsr-3220	398	1	financial	financial	ADJ
fsr-3220	398	2	services	service	NOUN
fsr-3220	398	3	review	review	PROPN
fsr-3220	398	4	,	,	PUNCT
fsr-3220	398	5	13	13	NUM
fsr-3220	398	6	,	,	PUNCT
fsr-3220	398	7	79–91	79–91	NUM
fsr-3220	398	8	.	.	PUNCT
fsr-3220	399	1	eling	eling	PROPN
fsr-3220	399	2	,	,	PUNCT
fsr-3220	399	3	m.	m.	NOUN
fsr-3220	399	4	,	,	PUNCT
fsr-3220	399	5	&	&	CCONJ
fsr-3220	399	6	schuhmacher	schuhmacher	PROPN
fsr-3220	399	7	,	,	PUNCT
fsr-3220	399	8	f.	f.	PROPN
fsr-3220	399	9	(	(	PUNCT
fsr-3220	399	10	2007	2007	NUM
fsr-3220	399	11	)	)	PUNCT
fsr-3220	399	12	.	.	PUNCT
fsr-3220	400	1	does	do	AUX
fsr-3220	400	2	the	the	DET
fsr-3220	400	3	choice	choice	NOUN
fsr-3220	400	4	of	of	ADP
fsr-3220	400	5	performance	performance	NOUN
fsr-3220	400	6	measure	measure	NOUN
fsr-3220	400	7	influence	influence	VERB
fsr-3220	400	8	the	the	DET
fsr-3220	400	9	evaluation	evaluation	NOUN
fsr-3220	400	10	of	of	ADP
fsr-3220	400	11	hedge	hedge	NOUN
fsr-3220	400	12	funds	fund	NOUN
fsr-3220	400	13	?	?	PUNCT
fsr-3220	401	1	journal	journal	NOUN
fsr-3220	401	2	of	of	ADP
fsr-3220	401	3	banking	banking	NOUN
fsr-3220	401	4	&	&	CCONJ
fsr-3220	401	5	finance	finance	PROPN
fsr-3220	401	6	,	,	PUNCT
fsr-3220	401	7	31	31	NUM
fsr-3220	401	8	,	,	PUNCT
fsr-3220	401	9	2632–2647	2632–2647	NUM
fsr-3220	401	10	.	.	PUNCT
fsr-3220	402	1	elton	elton	PROPN
fsr-3220	402	2	,	,	PUNCT
fsr-3220	402	3	e.	e.	PROPN
fsr-3220	402	4	j.	j.	PROPN
fsr-3220	402	5	,	,	PUNCT
fsr-3220	402	6	gruber	gruber	PROPN
fsr-3220	402	7	,	,	PUNCT
fsr-3220	402	8	m.	m.	NOUN
fsr-3220	402	9	j.	j.	PROPN
fsr-3220	402	10	,	,	PUNCT
fsr-3220	402	11	&	&	CCONJ
fsr-3220	402	12	blake	blake	PROPN
fsr-3220	402	13	,	,	PUNCT
fsr-3220	402	14	c.	c.	PROPN
fsr-3220	402	15	r.	r.	PROPN
fsr-3220	402	16	(	(	PUNCT
fsr-3220	402	17	1996	1996	NUM
fsr-3220	402	18	)	)	PUNCT
fsr-3220	402	19	.	.	PUNCT
fsr-3220	403	1	survivor	survivor	NOUN
fsr-3220	403	2	bias	bias	NOUN
fsr-3220	403	3	and	and	CCONJ
fsr-3220	403	4	mutual	mutual	ADJ
fsr-3220	403	5	fund	fund	NOUN
fsr-3220	403	6	performance	performance	NOUN
fsr-3220	403	7	.	.	PUNCT
fsr-3220	404	1	review	review	NOUN
fsr-3220	404	2	of	of	ADP
fsr-3220	404	3	financial	financial	ADJ
fsr-3220	404	4	studies	study	NOUN
fsr-3220	404	5	,	,	PUNCT
fsr-3220	404	6	9	9	NUM
fsr-3220	404	7	,	,	PUNCT
fsr-3220	404	8	1097–1120	1097–1120	NUM
fsr-3220	404	9	.	.	PUNCT
fsr-3220	404	10	197s	197s	PROPN
fsr-3220	404	11	.	.	PUNCT
fsr-3220	405	1	kanuri	kanuri	PROPN
fsr-3220	405	2	/	/	SYM
fsr-3220	405	3	financial	financial	ADJ
fsr-3220	405	4	services	service	NOUN
fsr-3220	405	5	review	review	VERB
fsr-3220	405	6	25	25	NUM
fsr-3220	405	7	(	(	PUNCT
fsr-3220	405	8	2016	2016	NUM
fsr-3220	405	9	)	)	PUNCT
fsr-3220	405	10	181–198	181–198	NUM
fsr-3220	405	11	golec	golec	NOUN
fsr-3220	405	12	,	,	PUNCT
fsr-3220	405	13	j.	j.	PROPN
fsr-3220	405	14	h.	h.	PROPN
fsr-3220	405	15	(	(	PUNCT
fsr-3220	405	16	1996	1996	NUM
fsr-3220	405	17	)	)	PUNCT
fsr-3220	405	18	.	.	PUNCT
fsr-3220	406	1	the	the	DET
fsr-3220	406	2	effects	effect	NOUN
fsr-3220	406	3	of	of	ADP
fsr-3220	406	4	mutual	mutual	ADJ
fsr-3220	406	5	fund	fund	NOUN
fsr-3220	406	6	managers	manager	NOUN
fsr-3220	406	7	’	’	PART
fsr-3220	406	8	characteristics	characteristic	NOUN
fsr-3220	406	9	on	on	ADP
fsr-3220	406	10	their	their	PRON
fsr-3220	406	11	portfolio	portfolio	NOUN
fsr-3220	406	12	performance	performance	NOUN
fsr-3220	406	13	,	,	PUNCT
fsr-3220	406	14	risk	risk	NOUN
fsr-3220	406	15	and	and	CCONJ
fsr-3220	406	16	fees	fee	NOUN
fsr-3220	406	17	.	.	PUNCT
fsr-3220	407	1	financial	financial	ADJ
fsr-3220	407	2	services	service	NOUN
fsr-3220	407	3	review	review	PROPN
fsr-3220	407	4	,	,	PUNCT
fsr-3220	407	5	5	5	NUM
fsr-3220	407	6	,	,	PUNCT
fsr-3220	407	7	133–147	133–147	NUM
fsr-3220	407	8	.	.	PUNCT
fsr-3220	408	1	kanuri	kanuri	PROPN
fsr-3220	408	2	,	,	PUNCT
fsr-3220	408	3	s.	s.	PROPN
fsr-3220	408	4	,	,	PUNCT
fsr-3220	408	5	&	&	CCONJ
fsr-3220	408	6	mcleod	mcleod	PROPN
fsr-3220	408	7	,	,	PUNCT
fsr-3220	408	8	r.	r.	PROPN
fsr-3220	408	9	w.	w.	PROPN
fsr-3220	408	10	(	(	PUNCT
fsr-3220	408	11	2014	2014	NUM
fsr-3220	408	12	)	)	PUNCT
fsr-3220	408	13	.	.	PUNCT
fsr-3220	409	1	performance	performance	NOUN
fsr-3220	409	2	of	of	ADP
fsr-3220	409	3	alternative	alternative	ADJ
fsr-3220	409	4	mutual	mutual	ADJ
fsr-3220	409	5	funds	fund	NOUN
fsr-3220	409	6	:	:	PUNCT
fsr-3220	409	7	the	the	DET
fsr-3220	409	8	average	average	ADJ
fsr-3220	409	9	investor	investor	NOUN
fsr-3220	409	10	’s	’s	PART
fsr-3220	409	11	hedge	hedge	PROPN
fsr-3220	409	12	fund	fund	PROPN
fsr-3220	409	13	.	.	PUNCT
fsr-3220	410	1	financial	financial	ADJ
fsr-3220	410	2	services	services	PROPN
fsr-3220	410	3	review	review	PROPN
fsr-3220	410	4	,	,	PUNCT
fsr-3220	410	5	23	23	NUM
fsr-3220	410	6	,	,	PUNCT
fsr-3220	410	7	93–121	93–121	NUM
fsr-3220	410	8	.	.	PUNCT
fsr-3220	411	1	kaplan	kaplan	PROPN
fsr-3220	411	2	,	,	PUNCT
fsr-3220	411	3	p.	p.	PROPN
fsr-3220	411	4	d.	d.	PROPN
fsr-3220	411	5	,	,	PUNCT
fsr-3220	411	6	&	&	CCONJ
fsr-3220	411	7	knowles	knowles	PROPN
fsr-3220	411	8	,	,	PUNCT
fsr-3220	411	9	j.	j.	PROPN
fsr-3220	411	10	a.	a.	PROPN
fsr-3220	411	11	(	(	PUNCT
fsr-3220	411	12	2004	2004	NUM
fsr-3220	411	13	)	)	PUNCT
fsr-3220	411	14	.	.	PUNCT
fsr-3220	412	1	kappa	kappa	PROPN
fsr-3220	412	2	:	:	PUNCT
fsr-3220	412	3	a	a	DET
fsr-3220	412	4	generalized	generalized	ADJ
fsr-3220	412	5	downside	downside	ADJ
fsr-3220	412	6	risk	risk	NOUN
fsr-3220	412	7	-	-	PUNCT
fsr-3220	412	8	adjusted	adjust	VERB
fsr-3220	412	9	performance	performance	NOUN
fsr-3220	412	10	measure	measure	NOUN
fsr-3220	412	11	.	.	PUNCT
fsr-3220	413	1	journal	journal	NOUN
fsr-3220	413	2	of	of	ADP
fsr-3220	413	3	performance	performance	NOUN
fsr-3220	413	4	measurement	measurement	NOUN
fsr-3220	413	5	,	,	PUNCT
fsr-3220	413	6	8	8	NUM
fsr-3220	413	7	,	,	PUNCT
fsr-3220	413	8	42–54	42–54	NUM
fsr-3220	413	9	.	.	PUNCT
fsr-3220	414	1	keating	keating	PROPN
fsr-3220	414	2	,	,	PUNCT
fsr-3220	414	3	c.	c.	PROPN
fsr-3220	414	4	,	,	PUNCT
fsr-3220	414	5	&	&	CCONJ
fsr-3220	414	6	shadwick	shadwick	PROPN
fsr-3220	414	7	,	,	PUNCT
fsr-3220	414	8	w.	w.	PROPN
fsr-3220	414	9	f.	f.	PROPN
fsr-3220	414	10	(	(	PUNCT
fsr-3220	414	11	2002	2002	NUM
fsr-3220	414	12	)	)	PUNCT
fsr-3220	414	13	.	.	PUNCT
fsr-3220	415	1	a	a	DET
fsr-3220	415	2	universal	universal	ADJ
fsr-3220	415	3	performance	performance	NOUN
fsr-3220	415	4	measure	measure	NOUN
fsr-3220	415	5	.	.	PUNCT
fsr-3220	416	1	journal	journal	NOUN
fsr-3220	416	2	of	of	ADP
fsr-3220	416	3	performance	performance	NOUN
fsr-3220	416	4	measurement	measurement	NOUN
fsr-3220	416	5	,	,	PUNCT
fsr-3220	416	6	6	6	NUM
fsr-3220	416	7	,	,	PUNCT
fsr-3220	416	8	59–84	59–84	NUM
fsr-3220	416	9	.	.	PUNCT
fsr-3220	417	1	koski	koski	PROPN
fsr-3220	417	2	,	,	PUNCT
fsr-3220	417	3	j.	j.	PROPN
fsr-3220	417	4	l.	l.	PROPN
fsr-3220	417	5	,	,	PUNCT
fsr-3220	417	6	&	&	CCONJ
fsr-3220	417	7	pontiff	pontiff	NOUN
fsr-3220	417	8	,	,	PUNCT
fsr-3220	417	9	j.	j.	PROPN
fsr-3220	417	10	(	(	PUNCT
fsr-3220	417	11	1999	1999	NUM
fsr-3220	417	12	)	)	PUNCT
fsr-3220	417	13	.	.	PUNCT
fsr-3220	418	1	how	how	SCONJ
fsr-3220	418	2	are	be	AUX
fsr-3220	418	3	derivatives	derivative	NOUN
fsr-3220	418	4	used	use	VERB
fsr-3220	418	5	?	?	PUNCT
fsr-3220	419	1	evidence	evidence	NOUN
fsr-3220	419	2	from	from	ADP
fsr-3220	419	3	the	the	DET
fsr-3220	419	4	mutual	mutual	ADJ
fsr-3220	419	5	fund	fund	NOUN
fsr-3220	419	6	industry	industry	NOUN
fsr-3220	419	7	.	.	PUNCT
fsr-3220	420	1	the	the	DET
fsr-3220	420	2	journal	journal	PROPN
fsr-3220	420	3	of	of	ADP
fsr-3220	420	4	finance	finance	NOUN
fsr-3220	420	5	,	,	PUNCT
fsr-3220	420	6	54	54	NUM
fsr-3220	420	7	,	,	PUNCT
fsr-3220	420	8	791–816	791–816	NUM
fsr-3220	420	9	.	.	PUNCT
fsr-3220	421	1	sharpe	sharpe	PROPN
fsr-3220	421	2	,	,	PUNCT
fsr-3220	421	3	w.	w.	PROPN
fsr-3220	421	4	f.	f.	PROPN
fsr-3220	421	5	(	(	PUNCT
fsr-3220	421	6	1964	1964	NUM
fsr-3220	421	7	)	)	PUNCT
fsr-3220	421	8	.	.	PUNCT
fsr-3220	422	1	capital	capital	NOUN
fsr-3220	422	2	asset	asset	NOUN
fsr-3220	422	3	prices	price	NOUN
fsr-3220	422	4	:	:	PUNCT
fsr-3220	422	5	a	a	DET
fsr-3220	422	6	theory	theory	NOUN
fsr-3220	422	7	of	of	ADP
fsr-3220	422	8	market	market	NOUN
fsr-3220	422	9	equilibrium	equilibrium	NOUN
fsr-3220	422	10	under	under	ADP
fsr-3220	422	11	conditions	condition	NOUN
fsr-3220	422	12	of	of	ADP
fsr-3220	422	13	risk	risk	NOUN
fsr-3220	422	14	*	*	PUNCT
fsr-3220	422	15	.	.	PUNCT
fsr-3220	423	1	the	the	DET
fsr-3220	423	2	journal	journal	PROPN
fsr-3220	423	3	of	of	ADP
fsr-3220	423	4	finance	finance	NOUN
fsr-3220	423	5	,	,	PUNCT
fsr-3220	423	6	19	19	NUM
fsr-3220	423	7	,	,	PUNCT
fsr-3220	423	8	425–442	425–442	NUM
fsr-3220	423	9	.	.	PUNCT
fsr-3220	423	10	sortino	sortino	PROPN
fsr-3220	423	11	,	,	PUNCT
fsr-3220	423	12	f.	f.	PROPN
fsr-3220	423	13	a.	a.	PROPN
fsr-3220	423	14	,	,	PUNCT
fsr-3220	423	15	&	&	CCONJ
fsr-3220	423	16	van	van	PROPN
fsr-3220	423	17	der	der	PROPN
fsr-3220	423	18	meer	meer	PROPN
fsr-3220	423	19	,	,	PUNCT
fsr-3220	423	20	r.	r.	PROPN
fsr-3220	423	21	(	(	PUNCT
fsr-3220	423	22	1991	1991	NUM
fsr-3220	423	23	)	)	PUNCT
fsr-3220	423	24	.	.	PUNCT
fsr-3220	424	1	downside	downside	ADJ
fsr-3220	424	2	risk	risk	NOUN
fsr-3220	424	3	.	.	PUNCT
fsr-3220	425	1	the	the	DET
fsr-3220	425	2	journal	journal	PROPN
fsr-3220	425	3	of	of	ADP
fsr-3220	425	4	portfolio	portfolio	NOUN
fsr-3220	425	5	management	management	NOUN
fsr-3220	425	6	,	,	PUNCT
fsr-3220	425	7	17	17	NUM
fsr-3220	425	8	,	,	PUNCT
fsr-3220	425	9	27–31	27–31	PROPN
fsr-3220	425	10	.	.	PUNCT
fsr-3220	425	11	stout	stout	PROPN
fsr-3220	425	12	,	,	PUNCT
fsr-3220	425	13	r.	r.	PROPN
fsr-3220	425	14	,	,	PUNCT
fsr-3220	425	15	&	&	CCONJ
fsr-3220	425	16	mitchell	mitchell	PROPN
fsr-3220	425	17	,	,	PUNCT
fsr-3220	425	18	j.	j.	PROPN
fsr-3220	425	19	b.	b.	PROPN
fsr-3220	425	20	(	(	PUNCT
fsr-3220	425	21	2006	2006	NUM
fsr-3220	425	22	)	)	PUNCT
fsr-3220	425	23	.	.	PUNCT
fsr-3220	426	1	dynamic	dynamic	ADJ
fsr-3220	426	2	retirement	retirement	NOUN
fsr-3220	426	3	withdrawal	withdrawal	NOUN
fsr-3220	426	4	planning	planning	NOUN
fsr-3220	426	5	.	.	PUNCT
fsr-3220	427	1	financial	financial	ADJ
fsr-3220	427	2	services	service	NOUN
fsr-3220	427	3	review	review	PROPN
fsr-3220	427	4	,	,	PUNCT
fsr-3220	427	5	15	15	NUM
fsr-3220	427	6	,	,	PUNCT
fsr-3220	427	7	117–131	117–131	NUM
fsr-3220	427	8	.	.	PUNCT
fsr-3220	428	1	wermers	wermer	NOUN
fsr-3220	428	2	,	,	PUNCT
fsr-3220	428	3	r.	r.	PROPN
fsr-3220	428	4	,	,	PUNCT
fsr-3220	428	5	yao	yao	PROPN
fsr-3220	428	6	,	,	PUNCT
fsr-3220	428	7	t.	t.	PROPN
fsr-3220	428	8	,	,	PUNCT
fsr-3220	428	9	&	&	CCONJ
fsr-3220	428	10	zhao	zhao	PROPN
fsr-3220	428	11	,	,	PUNCT
fsr-3220	428	12	j.	j.	PROPN
fsr-3220	428	13	(	(	PUNCT
fsr-3220	428	14	2012	2012	NUM
fsr-3220	428	15	)	)	PUNCT
fsr-3220	428	16	.	.	PUNCT
fsr-3220	429	1	forecasting	forecast	VERB
fsr-3220	429	2	stock	stock	NOUN
fsr-3220	429	3	returns	return	NOUN
fsr-3220	429	4	through	through	ADP
fsr-3220	429	5	an	an	DET
fsr-3220	429	6	efficient	efficient	ADJ
fsr-3220	429	7	aggregation	aggregation	NOUN
fsr-3220	429	8	of	of	ADP
fsr-3220	429	9	mutual	mutual	ADJ
fsr-3220	429	10	fund	fund	NOUN
fsr-3220	429	11	holdings	holding	NOUN
fsr-3220	429	12	.	.	PUNCT
fsr-3220	430	1	review	review	NOUN
fsr-3220	430	2	of	of	ADP
fsr-3220	430	3	financial	financial	ADJ
fsr-3220	430	4	studies	study	NOUN
fsr-3220	430	5	,	,	PUNCT
fsr-3220	430	6	25	25	NUM
fsr-3220	430	7	,	,	PUNCT
fsr-3220	430	8	3490–3529	3490–3529	NUM
fsr-3220	430	9	.	.	PUNCT
fsr-3220	430	10	woolridge	woolridge	PROPN
fsr-3220	430	11	,	,	PUNCT
fsr-3220	430	12	r.	r.	PROPN
fsr-3220	430	13	j.	j.	PROPN
fsr-3220	430	14	(	(	PUNCT
fsr-3220	430	15	2004	2004	NUM
fsr-3220	430	16	)	)	PUNCT
fsr-3220	430	17	.	.	PUNCT
fsr-3220	431	1	performance	performance	NOUN
fsr-3220	431	2	of	of	ADP
fsr-3220	431	3	stocks	stock	NOUN
fsr-3220	431	4	recommended	recommend	VERB
fsr-3220	431	5	by	by	ADP
fsr-3220	431	6	brokerages	brokerage	NOUN
fsr-3220	431	7	.	.	PUNCT
fsr-3220	432	1	the	the	DET
fsr-3220	432	2	journal	journal	NOUN
fsr-3220	432	3	of	of	ADP
fsr-3220	432	4	investing	investing	NOUN
fsr-3220	432	5	,	,	PUNCT
fsr-3220	432	6	13	13	NUM
fsr-3220	432	7	,	,	PUNCT
fsr-3220	432	8	23–34	23–34	NUM
fsr-3220	432	9	.	.	NOUN
fsr-3220	432	10	198	198	NUM
fsr-3220	432	11	s.	s.	PROPN
fsr-3220	432	12	kanuri	kanuri	PROPN
fsr-3220	432	13	/	/	SYM
fsr-3220	432	14	financial	financial	ADJ
fsr-3220	432	15	services	service	NOUN
fsr-3220	432	16	review	review	VERB
fsr-3220	432	17	25	25	NUM
fsr-3220	432	18	(	(	PUNCT
fsr-3220	432	19	2016	2016	NUM
fsr-3220	432	20	)	)	PUNCT
fsr-3220	432	21	181–198	181–198	NUM
