id	sid	tid	token	lemma	pos
fsr-3728	1	1	pii	pii	PROPN
fsr-3728	1	2	:	:	PUNCT
fsr-3728	1	3	1057	1057	NUM
fsr-3728	1	4	-	-	SYM
fsr-3728	1	5	0810(94)90018	0810(94)90018	NUM
fsr-3728	1	6	-	-	PUNCT
fsr-3728	1	7	3	3	NUM
fsr-3728	1	8	financial	financial	ADJ
fsr-3728	1	9	services	service	NOUN
fsr-3728	1	10	review	review	NOUN
fsr-3728	1	11	,	,	PUNCT
fsr-3728	1	12	3(2	3(2	NUM
fsr-3728	1	13	):	):	PUNCT
fsr-3728	1	14	127	127	NUM
fsr-3728	1	15	-	-	SYM
fsr-3728	1	16	141	141	NUM
fsr-3728	1	17	copyright	copyright	NOUN
fsr-3728	1	18	0	0	NUM
fsr-3728	1	19	1994	1994	NUM
fsr-3728	1	20	by	by	ADP
fsr-3728	1	21	jai	jai	PROPN
fsr-3728	1	22	press	press	PROPN
fsr-3728	1	23	inc	inc	PROPN
fsr-3728	1	24	.	.	PROPN
fsr-3728	1	25	issn	issn	PROPN
fsr-3728	1	26	:	:	PUNCT
fsr-3728	1	27	1057	1057	NUM
fsr-3728	1	28	-	-	SYM
fsr-3728	1	29	0810	0810	NUM
fsr-3728	1	30	all	all	DET
fsr-3728	1	31	rights	right	NOUN
fsr-3728	1	32	of	of	ADP
fsr-3728	1	33	reproduction	reproduction	NOUN
fsr-3728	1	34	in	in	ADP
fsr-3728	1	35	any	any	DET
fsr-3728	1	36	form	form	NOUN
fsr-3728	1	37	reserved	reserve	VERB
fsr-3728	1	38	.	.	PUNCT
fsr-3728	2	1	the	the	DET
fsr-3728	2	2	impact	impact	NOUN
fsr-3728	2	3	of	of	ADP
fsr-3728	2	4	mutual	mutual	ADJ
fsr-3728	2	5	fund	fund	NOUN
fsr-3728	2	6	distributions	distribution	NOUN
fsr-3728	2	7	on	on	ADP
fsr-3728	2	8	after	after	ADP
fsr-3728	2	9	-	-	PUNCT
fsr-3728	2	10	tax	tax	NOUN
fsr-3728	2	11	returns	return	NOUN
fsr-3728	2	12	william	william	PROPN
fsr-3728	2	13	lewis	lewis	PROPN
fsr-3728	2	14	randolph	randolph	PROPN
fsr-3728	2	15	this	this	DET
fsr-3728	2	16	paper	paper	NOUN
fsr-3728	2	17	analyzes	analyze	VERB
fsr-3728	2	18	the	the	DET
fsr-3728	2	19	impact	impact	NOUN
fsr-3728	2	20	of	of	ADP
fsr-3728	2	21	mutual	mutual	ADJ
fsr-3728	2	22	fund	fund	NOUN
fsr-3728	2	23	distributions	distribution	NOUN
fsr-3728	2	24	on	on	ADP
fsr-3728	2	25	after	after	ADP
fsr-3728	2	26	-	-	PUNCT
fsr-3728	2	27	tax	tax	NOUN
fsr-3728	2	28	returns	return	NOUN
fsr-3728	2	29	.	.	PUNCT
fsr-3728	3	1	mutual	mutual	ADJ
fsr-3728	3	2	fund	fund	NOUN
fsr-3728	3	3	objective	objective	NOUN
fsr-3728	3	4	and	and	CCONJ
fsr-3728	3	5	management	management	NOUN
fsr-3728	3	6	style	style	NOUN
fsr-3728	3	7	are	be	AUX
fsr-3728	3	8	the	the	DET
fsr-3728	3	9	two	two	NUM
fsr-3728	3	10	most	most	ADJ
fsr-3728	3	11	importantfactors	importantfactor	NOUN
fsr-3728	3	12	which	which	PRON
fsr-3728	3	13	determine	determine	VERB
fsr-3728	3	14	the	the	DET
fsr-3728	3	15	proportion	proportion	NOUN
fsr-3728	3	16	of	of	ADP
fsr-3728	3	17	thefund	thefund	NOUN
fsr-3728	3	18	’s	’s	PART
fsr-3728	3	19	total	total	ADJ
fsr-3728	3	20	return	return	NOUN
fsr-3728	3	21	that	that	PRON
fsr-3728	3	22	ispaid	ispaid	VERB
fsr-3728	3	23	out	out	ADP
fsr-3728	3	24	in	in	ADP
fsr-3728	3	25	distn’butions	distn’bution	NOUN
fsr-3728	3	26	.	.	PUNCT
fsr-3728	4	1	the	the	DET
fsr-3728	4	2	larger	large	ADJ
fsr-3728	4	3	thefund	thefund	NOUN
fsr-3728	4	4	’s	’s	PART
fsr-3728	4	5	annual	annual	ADJ
fsr-3728	4	6	distributions	distribution	NOUN
fsr-3728	4	7	,	,	PUNCT
fsr-3728	4	8	the	the	PRON
fsr-3728	4	9	greater	great	ADJ
fsr-3728	4	10	the	the	DET
fsr-3728	4	11	amount	amount	NOUN
fsr-3728	4	12	of	of	ADP
fsr-3728	4	13	return	return	NOUN
fsr-3728	4	14	lost	lose	VERB
fsr-3728	4	15	to	to	ADP
fsr-3728	4	16	taxes	taxis	NOUN
fsr-3728	4	17	.	.	PUNCT
fsr-3728	5	1	the	the	DET
fsr-3728	5	2	correlation	correlation	NOUN
fsr-3728	5	3	between	between	ADP
fsr-3728	5	4	portfolio	portfolio	NOUN
fsr-3728	5	5	turnover	turnover	NOUN
fsr-3728	5	6	and	and	CCONJ
fsr-3728	5	7	after	after	ADP
fsr-3728	5	8	-	-	PUNCT
fsr-3728	5	9	tax	tax	NOUN
fsr-3728	5	10	return	return	NOUN
fsr-3728	5	11	is	be	AUX
fsr-3728	5	12	examined	examine	VERB
fsr-3728	5	13	and	and	CCONJ
fsr-3728	5	14	found	find	VERB
fsr-3728	5	15	to	to	PART
fsr-3728	5	16	be	be	AUX
fsr-3728	5	17	low	low	ADJ
fsr-3728	5	18	.	.	PUNCT
fsr-3728	6	1	a	a	DET
fsr-3728	6	2	measure	measure	NOUN
fsr-3728	6	3	of	of	ADP
fsr-3728	6	4	effective	effective	ADJ
fsr-3728	6	5	portfolio	portfolio	NOUN
fsr-3728	6	6	turnover	turnover	NOUN
fsr-3728	6	7	is	be	AUX
fsr-3728	6	8	developed	develop	VERB
fsr-3728	6	9	to	to	PART
fsr-3728	6	10	show	show	VERB
fsr-3728	6	11	the	the	DET
fsr-3728	6	12	real	real	ADJ
fsr-3728	6	13	effect	effect	NOUN
fsr-3728	6	14	of	of	ADP
fsr-3728	6	15	turnover	turnover	NOUN
fsr-3728	6	16	on	on	ADP
fsr-3728	6	17	distributions	distribution	NOUN
fsr-3728	6	18	.	.	PUNCT
fsr-3728	7	1	within	within	ADP
fsr-3728	7	2	some	some	DET
fsr-3728	7	3	mutualfund	mutualfund	NOUN
fsr-3728	7	4	categories	category	NOUN
fsr-3728	7	5	,	,	PUNCT
fsr-3728	7	6	the	the	DET
fsr-3728	7	7	investor	investor	NOUN
fsr-3728	7	8	can	can	AUX
fsr-3728	7	9	increase	increase	VERB
fsr-3728	7	10	after	after	ADP
fsr-3728	7	11	-	-	PUNCT
fsr-3728	7	12	tax	tax	NOUN
fsr-3728	7	13	returns	return	NOUN
fsr-3728	7	14	by	by	ADP
fsr-3728	7	15	one	one	NUM
fsr-3728	7	16	or	or	CCONJ
fsr-3728	7	17	two	two	NUM
fsr-3728	7	18	percent	percent	NOUN
fsr-3728	7	19	by	by	ADP
fsr-3728	7	20	selecting	select	VERB
fsr-3728	7	21	funds	fund	NOUN
fsr-3728	7	22	with	with	ADP
fsr-3728	7	23	low	low	ADJ
fsr-3728	7	24	distributions	distribution	NOUN
fsr-3728	7	25	.	.	PUNCT
fsr-3728	8	1	i.	i.	PROPN
fsr-3728	8	2	introduction	introduction	NOUN
fsr-3728	8	3	investors	investor	NOUN
fsr-3728	8	4	who	who	PRON
fsr-3728	8	5	save	save	VERB
fsr-3728	8	6	for	for	ADP
fsr-3728	8	7	retirement	retirement	NOUN
fsr-3728	8	8	or	or	CCONJ
fsr-3728	8	9	estate	estate	NOUN
fsr-3728	8	10	purposes	purpose	NOUN
fsr-3728	8	11	have	have	VERB
fsr-3728	8	12	a	a	DET
fsr-3728	8	13	love	love	NOUN
fsr-3728	8	14	-	-	PUNCT
fsr-3728	8	15	hate	hate	NOUN
fsr-3728	8	16	relationship	relationship	NOUN
fsr-3728	8	17	with	with	ADP
fsr-3728	8	18	mutual	mutual	ADJ
fsr-3728	8	19	fund	fund	NOUN
fsr-3728	8	20	distributions	distribution	NOUN
fsr-3728	8	21	.	.	PUNCT
fsr-3728	9	1	large	large	ADJ
fsr-3728	9	2	distributions	distribution	NOUN
fsr-3728	9	3	usually	usually	ADV
fsr-3728	9	4	mean	mean	VERB
fsr-3728	9	5	the	the	DET
fsr-3728	9	6	fund	fund	NOUN
fsr-3728	9	7	is	be	AUX
fsr-3728	9	8	doing	do	VERB
fsr-3728	9	9	well	well	ADV
fsr-3728	9	10	,	,	PUNCT
fsr-3728	9	11	but	but	CCONJ
fsr-3728	9	12	if	if	SCONJ
fsr-3728	9	13	it	it	PRON
fsr-3728	9	14	is	be	AUX
fsr-3728	9	15	a	a	DET
fsr-3728	9	16	regular	regular	ADJ
fsr-3728	9	17	mutual	mutual	ADJ
fsr-3728	9	18	fund	fund	NOUN
fsr-3728	9	19	account	account	NOUN
fsr-3728	9	20	,	,	PUNCT
fsr-3728	9	21	the	the	DET
fsr-3728	9	22	investor	investor	NOUN
fsr-3728	9	23	has	have	VERB
fsr-3728	9	24	to	to	PART
fsr-3728	9	25	pay	pay	VERB
fsr-3728	9	26	taxes	taxis	NOUN
fsr-3728	9	27	on	on	ADP
fsr-3728	9	28	these	these	DET
fsr-3728	9	29	distributions	distribution	NOUN
fsr-3728	9	30	.	.	PUNCT
fsr-3728	10	1	taxes	taxis	NOUN
fsr-3728	10	2	reduce	reduce	VERB
fsr-3728	10	3	the	the	DET
fsr-3728	10	4	rate	rate	NOUN
fsr-3728	10	5	at	at	ADP
fsr-3728	10	6	which	which	PRON
fsr-3728	10	7	savings	saving	NOUN
fsr-3728	10	8	grow	grow	VERB
fsr-3728	10	9	.	.	PUNCT
fsr-3728	11	1	while	while	SCONJ
fsr-3728	11	2	most	most	ADJ
fsr-3728	11	3	investors	investor	NOUN
fsr-3728	11	4	are	be	AUX
fsr-3728	11	5	aware	aware	ADJ
fsr-3728	11	6	of	of	ADP
fsr-3728	11	7	the	the	DET
fsr-3728	11	8	adverse	adverse	ADJ
fsr-3728	11	9	effect	effect	NOUN
fsr-3728	11	10	that	that	SCONJ
fsr-3728	11	11	fees	fee	NOUN
fsr-3728	11	12	and	and	CCONJ
fsr-3728	11	13	expenses	expense	NOUN
fsr-3728	11	14	have	have	VERB
fsr-3728	11	15	on	on	ADP
fsr-3728	11	16	the	the	DET
fsr-3728	11	17	performance	performance	NOUN
fsr-3728	11	18	of	of	ADP
fsr-3728	11	19	their	their	PRON
fsr-3728	11	20	investments	investment	NOUN
fsr-3728	11	21	,	,	PUNCT
fsr-3728	11	22	the	the	DET
fsr-3728	11	23	impact	impact	NOUN
fsr-3728	11	24	of	of	ADP
fsr-3728	11	25	taxes	taxis	NOUN
fsr-3728	11	26	on	on	ADP
fsr-3728	11	27	investment	investment	NOUN
fsr-3728	11	28	return	return	NOUN
fsr-3728	11	29	is	be	AUX
fsr-3728	11	30	just	just	ADV
fsr-3728	11	31	as	as	ADV
fsr-3728	11	32	critical	critical	ADJ
fsr-3728	11	33	.	.	PUNCT
fsr-3728	12	1	an	an	DET
fsr-3728	12	2	investor	investor	NOUN
fsr-3728	12	3	must	must	AUX
fsr-3728	12	4	achieve	achieve	VERB
fsr-3728	12	5	a	a	DET
fsr-3728	12	6	certain	certain	ADJ
fsr-3728	12	7	after	after	ADP
fsr-3728	12	8	-	-	PUNCT
fsr-3728	12	9	tax	tax	NOUN
fsr-3728	12	10	return	return	NOUN
fsr-3728	12	11	in	in	ADP
fsr-3728	12	12	order	order	NOUN
fsr-3728	12	13	to	to	PART
fsr-3728	12	14	meet	meet	VERB
fsr-3728	12	15	investment	investment	NOUN
fsr-3728	12	16	goals	goal	NOUN
fsr-3728	12	17	.	.	PUNCT
fsr-3728	13	1	unfortunately	unfortunately	ADV
fsr-3728	13	2	,	,	PUNCT
fsr-3728	13	3	available	available	ADJ
fsr-3728	13	4	information	information	NOUN
fsr-3728	13	5	on	on	ADP
fsr-3728	13	6	mutual	mutual	ADJ
fsr-3728	13	7	fund	fund	NOUN
fsr-3728	13	8	performance	performance	NOUN
fsr-3728	13	9	does	do	AUX
fsr-3728	13	10	not	not	PART
fsr-3728	13	11	consider	consider	VERB
fsr-3728	13	12	the	the	DET
fsr-3728	13	13	impact	impact	NOUN
fsr-3728	13	14	of	of	ADP
fsr-3728	13	15	taxes	taxis	NOUN
fsr-3728	13	16	on	on	ADP
fsr-3728	13	17	return	return	NOUN
fsr-3728	13	18	.	.	PUNCT
fsr-3728	14	1	the	the	DET
fsr-3728	14	2	aim	aim	NOUN
fsr-3728	14	3	of	of	ADP
fsr-3728	14	4	this	this	DET
fsr-3728	14	5	paper	paper	NOUN
fsr-3728	14	6	is	be	AUX
fsr-3728	14	7	to	to	PART
fsr-3728	14	8	analyze	analyze	VERB
fsr-3728	14	9	the	the	DET
fsr-3728	14	10	impact	impact	NOUN
fsr-3728	14	11	of	of	ADP
fsr-3728	14	12	mutual	mutual	ADJ
fsr-3728	14	13	fund	fund	NOUN
fsr-3728	14	14	distributions	distribution	NOUN
fsr-3728	14	15	on	on	ADP
fsr-3728	14	16	after	after	ADP
fsr-3728	14	17	-	-	PUNCT
fsr-3728	14	18	tax	tax	NOUN
fsr-3728	14	19	returns	return	NOUN
fsr-3728	14	20	.	.	PUNCT
fsr-3728	15	1	total	total	ADJ
fsr-3728	15	2	return	return	NOUN
fsr-3728	15	3	from	from	ADP
fsr-3728	15	4	a	a	DET
fsr-3728	15	5	mutual	mutual	ADJ
fsr-3728	15	6	fund	fund	NOUN
fsr-3728	15	7	investment	investment	NOUN
fsr-3728	15	8	is	be	AUX
fsr-3728	15	9	composed	compose	VERB
fsr-3728	15	10	of	of	ADP
fsr-3728	15	11	dividend	dividend	NOUN
fsr-3728	15	12	or	or	CCONJ
fsr-3728	15	13	interest	interest	NOUN
fsr-3728	15	14	payments	payment	NOUN
fsr-3728	15	15	and	and	CCONJ
fsr-3728	15	16	capital	capital	NOUN
fsr-3728	15	17	gains	gain	NOUN
fsr-3728	15	18	.	.	PUNCT
fsr-3728	16	1	the	the	DET
fsr-3728	16	2	dividend	dividend	NOUN
fsr-3728	16	3	or	or	CCONJ
fsr-3728	16	4	interest	interest	NOUN
fsr-3728	16	5	component	component	NOUN
fsr-3728	16	6	of	of	ADP
fsr-3728	16	7	return	return	NOUN
fsr-3728	16	8	will	will	AUX
fsr-3728	16	9	be	be	AUX
fsr-3728	16	10	referred	refer	VERB
fsr-3728	16	11	to	to	ADP
fsr-3728	16	12	as	as	ADP
fsr-3728	16	13	yield	yield	NOUN
fsr-3728	16	14	.	.	PUNCT
fsr-3728	17	1	the	the	DET
fsr-3728	17	2	capital	capital	NOUN
fsr-3728	17	3	gain	gain	NOUN
fsr-3728	17	4	component	component	NOUN
fsr-3728	17	5	of	of	ADP
fsr-3728	17	6	total	total	ADJ
fsr-3728	17	7	return	return	NOUN
fsr-3728	17	8	is	be	AUX
fsr-3728	17	9	further	far	ADV
fsr-3728	17	10	divided	divide	VERB
fsr-3728	17	11	into	into	ADP
fsr-3728	17	12	realized	realize	VERB
fsr-3728	17	13	and	and	CCONJ
fsr-3728	17	14	unrealized	unrealized	ADJ
fsr-3728	17	15	capital	capital	NOUN
fsr-3728	17	16	gains	gain	NOUN
fsr-3728	17	17	.	.	PUNCT
fsr-3728	18	1	capital	capital	NOUN
fsr-3728	18	2	gains	gain	NOUN
fsr-3728	18	3	are	be	AUX
fsr-3728	18	4	realized	realize	VERB
fsr-3728	18	5	when	when	SCONJ
fsr-3728	18	6	a	a	DET
fsr-3728	18	7	fund	fund	NOUN
fsr-3728	18	8	sells	sell	VERB
fsr-3728	18	9	a	a	DET
fsr-3728	18	10	security	security	NOUN
fsr-3728	18	11	or	or	CCONJ
fsr-3728	18	12	investment	investment	NOUN
fsr-3728	18	13	that	that	PRON
fsr-3728	18	14	has	have	AUX
fsr-3728	18	15	increased	increase	VERB
fsr-3728	18	16	in	in	ADP
fsr-3728	18	17	value	value	NOUN
fsr-3728	18	18	.	.	PUNCT
fsr-3728	19	1	in	in	ADP
fsr-3728	19	2	order	order	NOUN
fsr-3728	19	3	to	to	PART
fsr-3728	19	4	maintain	maintain	VERB
fsr-3728	19	5	a	a	DET
fsr-3728	19	6	tax	tax	NOUN
fsr-3728	19	7	exempt	exempt	ADJ
fsr-3728	19	8	status	status	NOUN
fsr-3728	19	9	,	,	PUNCT
fsr-3728	19	10	mutual	mutual	ADJ
fsr-3728	19	11	funds	fund	NOUN
fsr-3728	19	12	must	must	AUX
fsr-3728	19	13	distribute	distribute	VERB
fsr-3728	19	14	income	income	NOUN
fsr-3728	19	15	from	from	ADP
fsr-3728	19	16	dividends	dividend	NOUN
fsr-3728	19	17	and	and	CCONJ
fsr-3728	19	18	interest	interest	NOUN
fsr-3728	19	19	and	and	CCONJ
fsr-3728	19	20	realized	realize	VERB
fsr-3728	19	21	capital	capital	NOUN
fsr-3728	19	22	gains	gain	NOUN
fsr-3728	19	23	at	at	ADP
fsr-3728	19	24	least	least	ADJ
fsr-3728	19	25	annually	annually	ADV
fsr-3728	19	26	.	.	PUNCT
fsr-3728	20	1	in	in	ADP
fsr-3728	20	2	a	a	DET
fsr-3728	20	3	regular	regular	ADJ
fsr-3728	20	4	mutual	mutual	ADJ
fsr-3728	20	5	fund	fund	NOUN
fsr-3728	20	6	account	account	NOUN
fsr-3728	20	7	,	,	PUNCT
fsr-3728	20	8	the	the	DET
fsr-3728	20	9	investor	investor	NOUN
fsr-3728	20	10	pays	pay	VERB
fsr-3728	20	11	taxes	taxis	NOUN
fsr-3728	20	12	on	on	ADP
fsr-3728	20	13	these	these	DET
fsr-3728	20	14	distributions	distribution	NOUN
fsr-3728	20	15	at	at	ADP
fsr-3728	20	16	the	the	DET
fsr-3728	20	17	applicable	applicable	ADJ
fsr-3728	20	18	tax	tax	NOUN
fsr-3728	20	19	rate	rate	NOUN
fsr-3728	20	20	.	.	PUNCT
fsr-3728	21	1	the	the	PRON
fsr-3728	21	2	larger	large	ADJ
fsr-3728	21	3	the	the	DET
fsr-3728	21	4	taxable	taxable	ADJ
fsr-3728	21	5	distributions	distribution	NOUN
fsr-3728	21	6	,	,	PUNCT
fsr-3728	21	7	the	the	PRON
fsr-3728	21	8	greater	great	ADJ
fsr-3728	21	9	the	the	DET
fsr-3728	21	10	loss	loss	NOUN
fsr-3728	21	11	of	of	ADP
fsr-3728	21	12	potential	potential	ADJ
fsr-3728	21	13	return	return	NOUN
fsr-3728	21	14	on	on	ADP
fsr-3728	21	15	the	the	DET
fsr-3728	21	16	savings	saving	NOUN
fsr-3728	21	17	plan	plan	NOUN
fsr-3728	21	18	.	.	PUNCT
fsr-3728	22	1	this	this	DET
fsr-3728	22	2	loss	loss	NOUN
fsr-3728	22	3	of	of	ADP
fsr-3728	22	4	potential	potential	ADJ
fsr-3728	22	5	return	return	NOUN
fsr-3728	22	6	because	because	SCONJ
fsr-3728	22	7	of	of	ADP
fsr-3728	22	8	taxes	taxis	NOUN
fsr-3728	22	9	is	be	AUX
fsr-3728	22	10	referred	refer	VERB
fsr-3728	22	11	to	to	ADP
fsr-3728	22	12	as	as	ADP
fsr-3728	22	13	“	"	PUNCT
fsr-3728	22	14	tax	tax	NOUN
fsr-3728	22	15	drag	drag	NOUN
fsr-3728	22	16	.	.	PUNCT
fsr-3728	22	17	”	"	PUNCT
fsr-3728	23	1	william	william	PROPN
fsr-3728	23	2	lewis	lewis	PROPN
fsr-3728	23	3	randolph	randolph	PROPN
fsr-3728	23	4	l	l	PROPN
fsr-3728	23	5	department	department	PROPN
fsr-3728	23	6	of	of	ADP
fsr-3728	23	7	finance	finance	NOUN
fsr-3728	23	8	,	,	PUNCT
fsr-3728	23	9	school	school	NOUN
fsr-3728	23	10	of	of	ADP
fsr-3728	23	11	business	business	NOUN
fsr-3728	23	12	,	,	PUNCT
fsr-3728	23	13	norfolk	norfolk	PROPN
fsr-3728	23	14	state	state	PROPN
fsr-3728	23	15	university	university	PROPN
fsr-3728	23	16	,	,	PUNCT
fsr-3728	23	17	norfolk	norfolk	PROPN
fsr-3728	23	18	,	,	PUNCT
fsr-3728	23	19	va	va	PROPN
fsr-3728	23	20	23504	23504	NUM
fsr-3728	23	21	.	.	PUNCT
fsr-3728	24	1	128	128	NUM
fsr-3728	24	2	financial	financial	ADJ
fsr-3728	24	3	services	service	NOUN
fsr-3728	24	4	review	review	NOUN
fsr-3728	24	5	,	,	PUNCT
fsr-3728	24	6	3(2	3(2	NUM
fsr-3728	24	7	)	)	PUNCT
fsr-3728	24	8	1994	1994	NUM
fsr-3728	24	9	unrealized	unrealize	VERB
fsr-3728	24	10	gains	gain	NOUN
fsr-3728	24	11	made	make	VERB
fsr-3728	24	12	by	by	ADP
fsr-3728	24	13	a	a	DET
fsr-3728	24	14	mutual	mutual	ADJ
fsr-3728	24	15	fund	fund	NOUN
fsr-3728	24	16	show	show	VERB
fsr-3728	24	17	up	up	ADP
fsr-3728	24	18	as	as	ADP
fsr-3728	24	19	increases	increase	NOUN
fsr-3728	24	20	in	in	ADP
fsr-3728	24	21	the	the	DET
fsr-3728	24	22	net	net	ADJ
fsr-3728	24	23	asset	asset	NOUN
fsr-3728	24	24	value	value	NOUN
fsr-3728	24	25	(	(	PUNCT
fsr-3728	24	26	nav	nav	NOUN
fsr-3728	24	27	)	)	PUNCT
fsr-3728	24	28	of	of	ADP
fsr-3728	24	29	the	the	DET
fsr-3728	24	30	fund	fund	NOUN
fsr-3728	24	31	and	and	CCONJ
fsr-3728	24	32	are	be	AUX
fsr-3728	24	33	not	not	PART
fsr-3728	24	34	taxed	tax	VERB
fsr-3728	24	35	until	until	SCONJ
fsr-3728	24	36	the	the	DET
fsr-3728	24	37	shares	share	NOUN
fsr-3728	24	38	are	be	AUX
fsr-3728	24	39	sold	sell	VERB
fsr-3728	24	40	.	.	PUNCT
fsr-3728	25	1	all	all	DET
fsr-3728	25	2	other	other	ADJ
fsr-3728	25	3	things	thing	NOUN
fsr-3728	25	4	being	be	AUX
fsr-3728	25	5	equal	equal	ADJ
fsr-3728	25	6	,	,	PUNCT
fsr-3728	25	7	the	the	DET
fsr-3728	25	8	taxable	taxable	ADJ
fsr-3728	25	9	investor	investor	NOUN
fsr-3728	25	10	who	who	PRON
fsr-3728	25	11	saves	save	VERB
fsr-3728	25	12	for	for	ADP
fsr-3728	25	13	retirement	retirement	NOUN
fsr-3728	25	14	or	or	CCONJ
fsr-3728	25	15	estate	estate	NOUN
fsr-3728	25	16	purposes	purpose	NOUN
fsr-3728	25	17	is	be	AUX
fsr-3728	25	18	better	well	ADJ
fsr-3728	25	19	off	off	ADV
fsr-3728	25	20	if	if	SCONJ
fsr-3728	25	21	the	the	DET
fsr-3728	25	22	return	return	NOUN
fsr-3728	25	23	received	receive	VERB
fsr-3728	25	24	is	be	AUX
fsr-3728	25	25	in	in	ADP
fsr-3728	25	26	the	the	DET
fsr-3728	25	27	form	form	NOUN
fsr-3728	25	28	of	of	ADP
fsr-3728	25	29	unrealized	unrealized	ADJ
fsr-3728	25	30	gains	gain	NOUN
fsr-3728	25	31	.	.	PUNCT
fsr-3728	26	1	unrealized	unrealize	VERB
fsr-3728	26	2	gains	gain	NOUN
fsr-3728	26	3	compound	compound	NOUN
fsr-3728	26	4	tax	tax	NOUN
fsr-3728	26	5	-	-	PUNCT
fsr-3728	26	6	deferred	defer	VERB
fsr-3728	26	7	and	and	CCONJ
fsr-3728	26	8	narrow	narrow	VERB
fsr-3728	26	9	the	the	DET
fsr-3728	26	10	difference	difference	NOUN
fsr-3728	26	11	between	between	ADP
fsr-3728	26	12	before	before	ADP
fsr-3728	26	13	-	-	PUNCT
fsr-3728	26	14	tax	tax	NOUN
fsr-3728	26	15	and	and	CCONJ
fsr-3728	26	16	after	after	ADP
fsr-3728	26	17	-	-	PUNCT
fsr-3728	26	18	tax	tax	NOUN
fsr-3728	26	19	returns	return	NOUN
fsr-3728	26	20	.	.	PUNCT
fsr-3728	27	1	a	a	DET
fsr-3728	27	2	mutual	mutual	ADJ
fsr-3728	27	3	fund	fund	NOUN
fsr-3728	27	4	’s	’s	PART
fsr-3728	27	5	objective	objective	ADJ
fsr-3728	27	6	and	and	CCONJ
fsr-3728	27	7	management	management	NOUN
fsr-3728	27	8	style	style	NOUN
fsr-3728	27	9	are	be	AUX
fsr-3728	27	10	the	the	DET
fsr-3728	27	11	most	most	ADV
fsr-3728	27	12	important	important	ADJ
fsr-3728	27	13	factors	factor	NOUN
fsr-3728	27	14	which	which	PRON
fsr-3728	27	15	determine	determine	VERB
fsr-3728	27	16	the	the	DET
fsr-3728	27	17	proportion	proportion	NOUN
fsr-3728	27	18	of	of	ADP
fsr-3728	27	19	the	the	DET
fsr-3728	27	20	fund	fund	NOUN
fsr-3728	27	21	’s	’s	PART
fsr-3728	27	22	total	total	ADJ
fsr-3728	27	23	return	return	NOUN
fsr-3728	27	24	that	that	PRON
fsr-3728	27	25	is	be	AUX
fsr-3728	27	26	paid	pay	VERB
fsr-3728	27	27	out	out	ADP
fsr-3728	27	28	in	in	ADP
fsr-3728	27	29	distributions	distribution	NOUN
fsr-3728	27	30	.	.	PUNCT
fsr-3728	28	1	in	in	ADP
fsr-3728	28	2	analyzing	analyze	VERB
fsr-3728	28	3	distributions	distribution	NOUN
fsr-3728	28	4	and	and	CCONJ
fsr-3728	28	5	after	after	ADP
fsr-3728	28	6	-	-	PUNCT
fsr-3728	28	7	tax	tax	NOUN
fsr-3728	28	8	returns	return	NOUN
fsr-3728	28	9	by	by	ADP
fsr-3728	28	10	mutual	mutual	ADJ
fsr-3728	28	11	fund	fund	NOUN
fsr-3728	28	12	objective	objective	NOUN
fsr-3728	28	13	,	,	PUNCT
fsr-3728	28	14	fund	fund	NOUN
fsr-3728	28	15	categories	category	NOUN
fsr-3728	28	16	of	of	ADP
fsr-3728	28	17	aggressive	aggressive	ADJ
fsr-3728	28	18	growth	growth	NOUN
fsr-3728	28	19	,	,	PUNCT
fsr-3728	28	20	growth	growth	NOUN
fsr-3728	28	21	,	,	PUNCT
fsr-3728	28	22	growth	growth	NOUN
fsr-3728	28	23	and	and	CCONJ
fsr-3728	28	24	income	income	NOUN
fsr-3728	28	25	,	,	PUNCT
fsr-3728	28	26	balanced	balanced	ADJ
fsr-3728	28	27	,	,	PUNCT
fsr-3728	28	28	and	and	CCONJ
fsr-3728	28	29	bond	bond	NOUN
fsr-3728	28	30	are	be	AUX
fsr-3728	28	31	examined	examine	VERB
fsr-3728	28	32	.	.	PUNCT
fsr-3728	29	1	funds	fund	NOUN
fsr-3728	29	2	that	that	PRON
fsr-3728	29	3	invest	invest	VERB
fsr-3728	29	4	in	in	ADP
fsr-3728	29	5	stocks	stock	NOUN
fsr-3728	29	6	will	will	AUX
fsr-3728	29	7	have	have	VERB
fsr-3728	29	8	distributions	distribution	NOUN
fsr-3728	29	9	composed	compose	VERB
fsr-3728	29	10	of	of	ADP
fsr-3728	29	11	dividends	dividend	NOUN
fsr-3728	29	12	and	and	CCONJ
fsr-3728	29	13	realized	realize	VERB
fsr-3728	29	14	capital	capital	NOUN
fsr-3728	29	15	gains	gain	NOUN
fsr-3728	29	16	.	.	PUNCT
fsr-3728	30	1	since	since	SCONJ
fsr-3728	30	2	stocks	stock	NOUN
fsr-3728	30	3	realize	realize	VERB
fsr-3728	30	4	most	most	ADJ
fsr-3728	30	5	of	of	ADP
fsr-3728	30	6	their	their	PRON
fsr-3728	30	7	total	total	ADJ
fsr-3728	30	8	return	return	NOUN
fsr-3728	30	9	from	from	ADP
fsr-3728	30	10	capital	capital	NOUN
fsr-3728	30	11	gains	gain	NOUN
fsr-3728	30	12	,	,	PUNCT
fsr-3728	30	13	capital	capital	NOUN
fsr-3728	30	14	gains	gain	NOUN
fsr-3728	30	15	distributions	distribution	NOUN
fsr-3728	30	16	will	will	AUX
fsr-3728	30	17	be	be	AUX
fsr-3728	30	18	very	very	ADV
fsr-3728	30	19	important	important	ADJ
fsr-3728	30	20	in	in	ADP
fsr-3728	30	21	determining	determine	VERB
fsr-3728	30	22	after	after	ADP
fsr-3728	30	23	-	-	PUNCT
fsr-3728	30	24	tax	tax	NOUN
fsr-3728	30	25	returns	return	NOUN
fsr-3728	30	26	in	in	ADP
fsr-3728	30	27	stock	stock	NOUN
fsr-3728	30	28	funds	fund	NOUN
fsr-3728	30	29	.	.	PUNCT
fsr-3728	31	1	these	these	DET
fsr-3728	31	2	capital	capital	NOUN
fsr-3728	31	3	gains	gain	NOUN
fsr-3728	31	4	distributions	distribution	NOUN
fsr-3728	31	5	are	be	AUX
fsr-3728	31	6	usually	usually	ADV
fsr-3728	31	7	much	much	ADV
fsr-3728	31	8	less	less	ADV
fsr-3728	31	9	significant	significant	ADJ
fsr-3728	31	10	in	in	ADP
fsr-3728	31	11	bond	bond	NOUN
fsr-3728	31	12	funds	fund	NOUN
fsr-3728	31	13	,	,	PUNCT
fsr-3728	31	14	where	where	SCONJ
fsr-3728	31	15	total	total	ADJ
fsr-3728	31	16	return	return	NOUN
fsr-3728	31	17	and	and	CCONJ
fsr-3728	31	18	distributions	distribution	NOUN
fsr-3728	31	19	are	be	AUX
fsr-3728	31	20	both	both	PRON
fsr-3728	31	21	directly	directly	ADV
fsr-3728	31	22	related	relate	VERB
fsr-3728	31	23	to	to	ADP
fsr-3728	31	24	bond	bond	NOUN
fsr-3728	31	25	yield	yield	NOUN
fsr-3728	31	26	.	.	PUNCT
fsr-3728	32	1	the	the	DET
fsr-3728	32	2	nav	nav	NOUN
fsr-3728	32	3	of	of	ADP
fsr-3728	32	4	the	the	DET
fsr-3728	32	5	bond	bond	NOUN
fsr-3728	32	6	fund	fund	NOUN
fsr-3728	32	7	will	will	AUX
fsr-3728	32	8	vary	vary	VERB
fsr-3728	32	9	with	with	ADP
fsr-3728	32	10	changes	change	NOUN
fsr-3728	32	11	in	in	ADP
fsr-3728	32	12	interest	interest	NOUN
fsr-3728	32	13	rates	rate	NOUN
fsr-3728	32	14	,	,	PUNCT
fsr-3728	32	15	but	but	CCONJ
fsr-3728	32	16	over	over	ADP
fsr-3728	32	17	the	the	DET
fsr-3728	32	18	long	long	ADJ
fsr-3728	32	19	run	run	NOUN
fsr-3728	32	20	the	the	DET
fsr-3728	32	21	return	return	NOUN
fsr-3728	32	22	is	be	AUX
fsr-3728	32	23	based	base	VERB
fsr-3728	32	24	primarily	primarily	ADV
fsr-3728	32	25	on	on	ADP
fsr-3728	32	26	interest	interest	NOUN
fsr-3728	32	27	income	income	NOUN
fsr-3728	32	28	.	.	PUNCT
fsr-3728	33	1	mutual	mutual	ADJ
fsr-3728	33	2	fund	fund	NOUN
fsr-3728	33	3	management	management	NOUN
fsr-3728	33	4	style	style	NOUN
fsr-3728	33	5	is	be	AUX
fsr-3728	33	6	examined	examine	VERB
fsr-3728	33	7	based	base	VERB
fsr-3728	33	8	on	on	ADP
fsr-3728	33	9	the	the	DET
fsr-3728	33	10	size	size	NOUN
fsr-3728	33	11	of	of	ADP
fsr-3728	33	12	the	the	DET
fsr-3728	33	13	capital	capital	NOUN
fsr-3728	33	14	gains	gain	NOUN
fsr-3728	33	15	distribution	distribution	NOUN
fsr-3728	33	16	a	a	DET
fsr-3728	33	17	fund	fund	NOUN
fsr-3728	33	18	management	management	NOUN
fsr-3728	33	19	generates	generate	VERB
fsr-3728	33	20	annually	annually	ADV
fsr-3728	33	21	relative	relative	ADJ
fsr-3728	33	22	to	to	ADP
fsr-3728	33	23	other	other	ADJ
fsr-3728	33	24	funds	fund	NOUN
fsr-3728	33	25	with	with	ADP
fsr-3728	33	26	the	the	DET
fsr-3728	33	27	same	same	ADJ
fsr-3728	33	28	objective	objective	NOUN
fsr-3728	33	29	.	.	PUNCT
fsr-3728	34	1	the	the	DET
fsr-3728	34	2	distribution	distribution	NOUN
fsr-3728	34	3	of	of	ADP
fsr-3728	34	4	capital	capital	NOUN
fsr-3728	34	5	gains	gain	NOUN
fsr-3728	34	6	is	be	AUX
fsr-3728	34	7	related	relate	VERB
fsr-3728	34	8	somewhat	somewhat	ADV
fsr-3728	34	9	to	to	AUX
fsr-3728	34	10	reported	report	VERB
fsr-3728	34	11	portfolio	portfolio	NOUN
fsr-3728	34	12	turnover	turnover	NOUN
fsr-3728	34	13	,	,	PUNCT
fsr-3728	34	14	but	but	CCONJ
fsr-3728	34	15	more	more	ADV
fsr-3728	34	16	directly	directly	ADV
fsr-3728	34	17	to	to	ADP
fsr-3728	34	18	the	the	DET
fsr-3728	34	19	number	number	NOUN
fsr-3728	34	20	of	of	ADP
fsr-3728	34	21	winners	winner	NOUN
fsr-3728	34	22	the	the	DET
fsr-3728	34	23	fund	fund	NOUN
fsr-3728	34	24	management	management	NOUN
fsr-3728	34	25	sells	sell	VERB
fsr-3728	34	26	during	during	ADP
fsr-3728	34	27	the	the	DET
fsr-3728	34	28	year	year	NOUN
fsr-3728	34	29	.	.	PUNCT
fsr-3728	35	1	*	*	PUNCT
fsr-3728	35	2	jeffrey	jeffrey	PROPN
fsr-3728	35	3	and	and	CCONJ
fsr-3728	35	4	arnott	arnott	PROPN
fsr-3728	35	5	(	(	PUNCT
fsr-3728	35	6	1993	1993	NUM
fsr-3728	35	7	)	)	PUNCT
fsr-3728	35	8	address	address	NOUN
fsr-3728	35	9	this	this	DET
fsr-3728	35	10	issue	issue	NOUN
fsr-3728	35	11	by	by	ADP
fsr-3728	35	12	focusing	focus	VERB
fsr-3728	35	13	on	on	ADP
fsr-3728	35	14	reported	report	VERB
fsr-3728	35	15	portfolio	portfolio	NOUN
fsr-3728	35	16	turnover	turnover	NOUN
fsr-3728	35	17	and	and	CCONJ
fsr-3728	35	18	its	its	PRON
fsr-3728	35	19	potential	potential	NOUN
fsr-3728	35	20	for	for	ADP
fsr-3728	35	21	creating	create	VERB
fsr-3728	35	22	a	a	DET
fsr-3728	35	23	tax	tax	NOUN
fsr-3728	35	24	liability	liability	NOUN
fsr-3728	35	25	which	which	PRON
fsr-3728	35	26	will	will	AUX
fsr-3728	35	27	drastically	drastically	ADV
fsr-3728	35	28	reduce	reduce	VERB
fsr-3728	35	29	the	the	DET
fsr-3728	35	30	performance	performance	NOUN
fsr-3728	35	31	of	of	ADP
fsr-3728	35	32	a	a	DET
fsr-3728	35	33	fund	fund	NOUN
fsr-3728	35	34	.	.	PUNCT
fsr-3728	36	1	although	although	SCONJ
fsr-3728	36	2	reported	report	VERB
fsr-3728	36	3	portfolio	portfolio	NOUN
fsr-3728	36	4	turnover	turnover	NOUN
fsr-3728	36	5	information	information	NOUN
fsr-3728	36	6	is	be	AUX
fsr-3728	36	7	readily	readily	ADV
fsr-3728	36	8	available	available	ADJ
fsr-3728	36	9	,	,	PUNCT
fsr-3728	36	10	reported	report	VERB
fsr-3728	36	11	turn	turn	NOUN
fsr-3728	36	12	over	over	ADP
fsr-3728	36	13	does	do	AUX
fsr-3728	36	14	not	not	PART
fsr-3728	36	15	correlate	correlate	VERB
fsr-3728	36	16	well	well	ADV
fsr-3728	36	17	with	with	ADP
fsr-3728	36	18	actual	actual	ADJ
fsr-3728	36	19	mutual	mutual	ADJ
fsr-3728	36	20	fund	fund	NOUN
fsr-3728	36	21	after	after	ADP
fsr-3728	36	22	-	-	PUNCT
fsr-3728	36	23	tax	tax	NOUN
fsr-3728	36	24	performance	performance	NOUN
fsr-3728	36	25	.	.	PUNCT
fsr-3728	37	1	turnover	turnover	NOUN
fsr-3728	37	2	mutual	mutual	ADJ
fsr-3728	37	3	fund	fund	NOUN
fsr-3728	37	4	turnover	turnover	NOUN
fsr-3728	37	5	can	can	AUX
fsr-3728	37	6	be	be	AUX
fsr-3728	37	7	the	the	DET
fsr-3728	37	8	result	result	NOUN
fsr-3728	37	9	of	of	ADP
fsr-3728	37	10	management	management	NOUN
fsr-3728	37	11	strategy	strategy	NOUN
fsr-3728	37	12	or	or	CCONJ
fsr-3728	37	13	may	may	AUX
fsr-3728	37	14	be	be	AUX
fsr-3728	37	15	caused	cause	VERB
fsr-3728	37	16	by	by	ADP
fsr-3728	37	17	flows	flow	NOUN
fsr-3728	37	18	of	of	ADP
fsr-3728	37	19	investor	investor	NOUN
fsr-3728	37	20	money	money	NOUN
fsr-3728	37	21	into	into	ADP
fsr-3728	37	22	and	and	CCONJ
fsr-3728	37	23	out	out	ADP
fsr-3728	37	24	of	of	ADP
fsr-3728	37	25	the	the	DET
fsr-3728	37	26	fund	fund	NOUN
fsr-3728	37	27	.	.	PUNCT
fsr-3728	38	1	the	the	DET
fsr-3728	38	2	taxable	taxable	ADJ
fsr-3728	38	3	investor	investor	NOUN
fsr-3728	38	4	is	be	AUX
fsr-3728	38	5	concerned	concern	VERB
fsr-3728	38	6	with	with	ADP
fsr-3728	38	7	the	the	DET
fsr-3728	38	8	sale	sale	NOUN
fsr-3728	38	9	of	of	ADP
fsr-3728	38	10	fund	fund	NOUN
fsr-3728	38	11	assets	asset	NOUN
fsr-3728	38	12	which	which	PRON
fsr-3728	38	13	cause	cause	VERB
fsr-3728	38	14	capital	capital	NOUN
fsr-3728	38	15	gains	gain	NOUN
fsr-3728	38	16	to	to	PART
fsr-3728	38	17	be	be	AUX
fsr-3728	38	18	realized	realize	VERB
fsr-3728	38	19	and	and	CCONJ
fsr-3728	38	20	distributed	distribute	VERB
fsr-3728	38	21	to	to	ADP
fsr-3728	38	22	the	the	DET
fsr-3728	38	23	shareholders	shareholder	NOUN
fsr-3728	38	24	.	.	PUNCT
fsr-3728	39	1	this	this	DET
fsr-3728	39	2	type	type	NOUN
fsr-3728	39	3	of	of	ADP
fsr-3728	39	4	turnover	turnover	NOUN
fsr-3728	39	5	creates	create	VERB
fsr-3728	39	6	a	a	DET
fsr-3728	39	7	tax	tax	NOUN
fsr-3728	39	8	liability	liability	NOUN
fsr-3728	39	9	and	and	CCONJ
fsr-3728	39	10	diminishes	diminish	VERB
fsr-3728	39	11	the	the	DET
fsr-3728	39	12	potential	potential	ADJ
fsr-3728	39	13	growth	growth	NOUN
fsr-3728	39	14	of	of	ADP
fsr-3728	39	15	the	the	DET
fsr-3728	39	16	investment	investment	NOUN
fsr-3728	39	17	.	.	PUNCT
fsr-3728	40	1	most	most	ADJ
fsr-3728	40	2	turnover	turnover	NOUN
fsr-3728	40	3	is	be	AUX
fsr-3728	40	4	the	the	DET
fsr-3728	40	5	result	result	NOUN
fsr-3728	40	6	of	of	ADP
fsr-3728	40	7	management	management	NOUN
fsr-3728	40	8	strategy	strategy	NOUN
fsr-3728	40	9	.	.	PUNCT
fsr-3728	41	1	for	for	ADP
fsr-3728	41	2	example	example	NOUN
fsr-3728	41	3	,	,	PUNCT
fsr-3728	41	4	a	a	DET
fsr-3728	41	5	sector	sector	NOUN
fsr-3728	41	6	rotation	rotation	NOUN
fsr-3728	41	7	strategy	strategy	NOUN
fsr-3728	41	8	will	will	AUX
fsr-3728	41	9	result	result	VERB
fsr-3728	41	10	in	in	ADP
fsr-3728	41	11	high	high	ADJ
fsr-3728	41	12	turnover	turnover	NOUN
fsr-3728	41	13	as	as	SCONJ
fsr-3728	41	14	the	the	DET
fsr-3728	41	15	fund	fund	NOUN
fsr-3728	41	16	management	management	NOUN
fsr-3728	41	17	moves	move	VERB
fsr-3728	41	18	from	from	ADP
fsr-3728	41	19	one	one	NUM
fsr-3728	41	20	sector	sector	NOUN
fsr-3728	41	21	to	to	ADP
fsr-3728	41	22	another	another	PRON
fsr-3728	41	23	in	in	ADP
fsr-3728	41	24	anticipation	anticipation	NOUN
fsr-3728	41	25	of	of	ADP
fsr-3728	41	26	economic	economic	ADJ
fsr-3728	41	27	events	event	NOUN
fsr-3728	41	28	.	.	PUNCT
fsr-3728	42	1	realized	realize	VERB
fsr-3728	42	2	capital	capital	NOUN
fsr-3728	42	3	gains	gain	NOUN
fsr-3728	42	4	,	,	PUNCT
fsr-3728	42	5	and	and	CCONJ
fsr-3728	42	6	the	the	DET
fsr-3728	42	7	associated	associated	ADJ
fsr-3728	42	8	tax	tax	NOUN
fsr-3728	42	9	liability	liability	NOUN
fsr-3728	42	10	which	which	PRON
fsr-3728	42	11	reduces	reduce	VERB
fsr-3728	42	12	after	after	ADP
fsr-3728	42	13	-	-	PUNCT
fsr-3728	42	14	tax	tax	NOUN
fsr-3728	42	15	return	return	NOUN
fsr-3728	42	16	are	be	AUX
fsr-3728	42	17	not	not	PART
fsr-3728	42	18	necessarily	necessarily	ADV
fsr-3728	42	19	bad	bad	ADJ
fsr-3728	42	20	for	for	ADP
fsr-3728	42	21	investors	investor	NOUN
fsr-3728	42	22	.	.	PUNCT
fsr-3728	43	1	however	however	ADV
fsr-3728	43	2	,	,	PUNCT
fsr-3728	43	3	investors	investor	NOUN
fsr-3728	43	4	should	should	AUX
fsr-3728	43	5	expect	expect	VERB
fsr-3728	43	6	that	that	SCONJ
fsr-3728	43	7	active	active	ADJ
fsr-3728	43	8	portfolio	portfolio	NOUN
fsr-3728	43	9	managers	manager	NOUN
fsr-3728	43	10	will	will	AUX
fsr-3728	43	11	do	do	VERB
fsr-3728	43	12	at	at	ADV
fsr-3728	43	13	least	least	ADJ
fsr-3728	43	14	as	as	ADV
fsr-3728	43	15	well	well	ADV
fsr-3728	43	16	as	as	ADP
fsr-3728	43	17	passive	passive	ADJ
fsr-3728	43	18	managers	manager	NOUN
fsr-3728	43	19	on	on	ADP
fsr-3728	43	20	an	an	DET
fsr-3728	43	21	after	after	ADP
fsr-3728	43	22	-	-	PUNCT
fsr-3728	43	23	tax	tax	NOUN
fsr-3728	43	24	basis	basis	NOUN
fsr-3728	43	25	.	.	PUNCT
fsr-3728	44	1	turnover	turnover	NOUN
fsr-3728	44	2	is	be	AUX
fsr-3728	44	3	not	not	PART
fsr-3728	44	4	uniform	uniform	ADJ
fsr-3728	44	5	across	across	ADP
fsr-3728	44	6	a	a	DET
fsr-3728	44	7	fund	fund	NOUN
fsr-3728	44	8	’s	’s	PART
fsr-3728	44	9	holdings	holding	NOUN
fsr-3728	44	10	and	and	CCONJ
fsr-3728	44	11	does	do	AUX
fsr-3728	44	12	not	not	PART
fsr-3728	44	13	necessarily	necessarily	ADV
fsr-3728	44	14	cause	cause	VERB
fsr-3728	44	15	capital	capital	NOUN
fsr-3728	44	16	gains	gain	NOUN
fsr-3728	44	17	to	to	PART
fsr-3728	44	18	be	be	AUX
fsr-3728	44	19	realized	realize	VERB
fsr-3728	44	20	.	.	PUNCT
fsr-3728	45	1	for	for	ADP
fsr-3728	45	2	example	example	NOUN
fsr-3728	45	3	,	,	PUNCT
fsr-3728	45	4	a	a	DET
fsr-3728	45	5	fund	fund	NOUN
fsr-3728	45	6	can	can	AUX
fsr-3728	45	7	experience	experience	VERB
fsr-3728	45	8	a	a	DET
fsr-3728	45	9	very	very	ADV
fsr-3728	45	10	high	high	ADJ
fsr-3728	45	11	portfolio	portfolio	NOUN
fsr-3728	45	12	turnover	turnover	NOUN
fsr-3728	45	13	by	by	ADP
fsr-3728	45	14	frequently	frequently	ADV
fsr-3728	45	15	trading	trade	VERB
fsr-3728	45	16	poorly	poorly	ADV
fsr-3728	45	17	performing	perform	VERB
fsr-3728	45	18	stocks	stock	NOUN
fsr-3728	45	19	.	.	PUNCT
fsr-3728	46	1	this	this	DET
fsr-3728	46	2	type	type	NOUN
fsr-3728	46	3	of	of	ADP
fsr-3728	46	4	turnover	turnover	NOUN
fsr-3728	46	5	does	do	AUX
fsr-3728	46	6	not	not	PART
fsr-3728	46	7	necessitate	necessitate	ADJ
fsr-3728	46	8	capital	capital	NOUN
fsr-3728	46	9	gains	gain	NOUN
fsr-3728	46	10	distributions	distribution	NOUN
fsr-3728	46	11	,	,	PUNCT
fsr-3728	46	12	because	because	SCONJ
fsr-3728	46	13	the	the	DET
fsr-3728	46	14	stocks	stock	NOUN
fsr-3728	46	15	that	that	PRON
fsr-3728	46	16	are	be	AUX
fsr-3728	46	17	traded	trade	VERB
fsr-3728	46	18	have	have	AUX
fsr-3728	46	19	not	not	PART
fsr-3728	46	20	appreciated	appreciate	VERB
fsr-3728	46	21	in	in	ADP
fsr-3728	46	22	value	value	NOUN
fsr-3728	46	23	.	.	PUNCT
fsr-3728	47	1	on	on	ADP
fsr-3728	47	2	the	the	DET
fsr-3728	47	3	other	other	ADJ
fsr-3728	47	4	hand	hand	NOUN
fsr-3728	47	5	,	,	PUNCT
fsr-3728	47	6	low	low	ADJ
fsr-3728	47	7	portfolio	portfolio	NOUN
fsr-3728	47	8	turnover	turnover	NOUN
fsr-3728	47	9	that	that	PRON
fsr-3728	47	10	involves	involve	VERB
fsr-3728	47	11	selling	sell	VERB
fsr-3728	47	12	winners	winner	NOUN
fsr-3728	47	13	can	can	AUX
fsr-3728	47	14	create	create	VERB
fsr-3728	47	15	very	very	ADV
fsr-3728	47	16	large	large	ADJ
fsr-3728	47	17	capital	capital	NOUN
fsr-3728	47	18	gains	gain	NOUN
fsr-3728	47	19	distributions	distribution	NOUN
fsr-3728	47	20	.	.	PUNCT
fsr-3728	48	1	turnover	turnover	NOUN
fsr-3728	48	2	can	can	AUX
fsr-3728	48	3	also	also	ADV
fsr-3728	48	4	be	be	AUX
fsr-3728	48	5	caused	cause	VERB
fsr-3728	48	6	by	by	ADP
fsr-3728	48	7	net	net	ADJ
fsr-3728	48	8	shareholder	shareholder	NOUN
fsr-3728	48	9	redemptions	redemption	NOUN
fsr-3728	48	10	.	.	PUNCT
fsr-3728	49	1	when	when	SCONJ
fsr-3728	49	2	savings	saving	NOUN
fsr-3728	49	3	are	be	AUX
fsr-3728	49	4	flowing	flow	VERB
fsr-3728	49	5	out	out	ADP
fsr-3728	49	6	of	of	ADP
fsr-3728	49	7	a	a	DET
fsr-3728	49	8	mutual	mutual	ADJ
fsr-3728	49	9	fund	fund	NOUN
fsr-3728	49	10	,	,	PUNCT
fsr-3728	49	11	the	the	DET
fsr-3728	49	12	fully	fully	ADV
fsr-3728	49	13	invested	invest	VERB
fsr-3728	49	14	fund	fund	NOUN
fsr-3728	49	15	must	must	AUX
fsr-3728	49	16	sell	sell	VERB
fsr-3728	49	17	assets	asset	NOUN
fsr-3728	49	18	to	to	PART
fsr-3728	49	19	redeem	redeem	VERB
fsr-3728	49	20	shares	share	NOUN
fsr-3728	49	21	.	.	PUNCT
fsr-3728	50	1	if	if	SCONJ
fsr-3728	50	2	the	the	DET
fsr-3728	50	3	fund	fund	NOUN
fsr-3728	50	4	manager	manager	NOUN
fsr-3728	50	5	chooses	choose	VERB
fsr-3728	50	6	to	to	PART
fsr-3728	50	7	sell	sell	VERB
fsr-3728	50	8	assets	asset	NOUN
fsr-3728	50	9	that	that	PRON
fsr-3728	50	10	have	have	AUX
fsr-3728	50	11	experienced	experience	VERB
fsr-3728	50	12	capital	capital	NOUN
fsr-3728	50	13	gains	gain	NOUN
fsr-3728	50	14	,	,	PUNCT
fsr-3728	50	15	net	net	ADJ
fsr-3728	50	16	shareholder	shareholder	NOUN
fsr-3728	50	17	redemptions	redemption	NOUN
fsr-3728	50	18	can	can	AUX
fsr-3728	50	19	cause	cause	VERB
fsr-3728	50	20	capital	capital	NOUN
fsr-3728	50	21	gains	gain	NOUN
fsr-3728	50	22	to	to	PART
fsr-3728	50	23	be	be	AUX
fsr-3728	50	24	realized	realize	VERB
fsr-3728	50	25	.	.	PUNCT
fsr-3728	51	1	it	it	PRON
fsr-3728	51	2	is	be	AUX
fsr-3728	51	3	possible	possible	ADJ
fsr-3728	51	4	that	that	SCONJ
fsr-3728	51	5	recent	recent	ADJ
fsr-3728	51	6	investors	investor	NOUN
fsr-3728	51	7	in	in	ADP
fsr-3728	51	8	a	a	DET
fsr-3728	51	9	after	after	ADP
fsr-3728	51	10	-	-	PUNCT
fsr-3728	51	11	tax	tax	NOUN
fsr-3728	51	12	mutual	mutual	ADJ
fsr-3728	51	13	fund	fund	NOUN
fsr-3728	51	14	returns	return	NOUN
fsr-3728	51	15	129	129	NUM
fsr-3728	51	16	fund	fund	NOUN
fsr-3728	51	17	may	may	AUX
fsr-3728	51	18	have	have	VERB
fsr-3728	51	19	to	to	PART
fsr-3728	51	20	pay	pay	VERB
fsr-3728	51	21	taxes	taxis	NOUN
fsr-3728	51	22	on	on	ADP
fsr-3728	51	23	capital	capital	NOUN
fsr-3728	51	24	gains	gain	NOUN
fsr-3728	51	25	distributions	distribution	NOUN
fsr-3728	51	26	for	for	ADP
fsr-3728	51	27	realized	realize	VERB
fsr-3728	51	28	gains	gain	NOUN
fsr-3728	51	29	in	in	ADP
fsr-3728	51	30	which	which	PRON
fsr-3728	51	31	they	they	PRON
fsr-3728	51	32	did	do	AUX
fsr-3728	51	33	not	not	PART
fsr-3728	51	34	participate	participate	VERB
fsr-3728	51	35	because	because	SCONJ
fsr-3728	51	36	the	the	DET
fsr-3728	51	37	gains	gain	NOUN
fsr-3728	51	38	occurred	occur	VERB
fsr-3728	51	39	before	before	SCONJ
fsr-3728	51	40	the	the	DET
fsr-3728	51	41	investor	investor	NOUN
fsr-3728	51	42	invested	invest	VERB
fsr-3728	51	43	in	in	ADP
fsr-3728	51	44	the	the	DET
fsr-3728	51	45	fund	fund	NOUN
fsr-3728	51	46	.	.	PUNCT
fsr-3728	52	1	if	if	SCONJ
fsr-3728	52	2	a	a	DET
fsr-3728	52	3	fund	fund	NOUN
fsr-3728	52	4	has	have	VERB
fsr-3728	52	5	a	a	DET
fsr-3728	52	6	strategy	strategy	NOUN
fsr-3728	52	7	that	that	PRON
fsr-3728	52	8	calls	call	VERB
fsr-3728	52	9	for	for	ADP
fsr-3728	52	10	very	very	ADV
fsr-3728	52	11	little	little	ADJ
fsr-3728	52	12	turnover	turnover	NOUN
fsr-3728	52	13	,	,	PUNCT
fsr-3728	52	14	like	like	ADP
fsr-3728	52	15	an	an	DET
fsr-3728	52	16	index	index	NOUN
fsr-3728	52	17	fund	fund	NOUN
fsr-3728	52	18	,	,	PUNCT
fsr-3728	52	19	then	then	ADV
fsr-3728	52	20	a	a	DET
fsr-3728	52	21	significant	significant	ADJ
fsr-3728	52	22	increase	increase	NOUN
fsr-3728	52	23	in	in	ADP
fsr-3728	52	24	turnover	turnover	NOUN
fsr-3728	52	25	can	can	AUX
fsr-3728	52	26	be	be	AUX
fsr-3728	52	27	caused	cause	VERB
fsr-3728	52	28	by	by	ADP
fsr-3728	52	29	withdrawals	withdrawal	NOUN
fsr-3728	52	30	from	from	ADP
fsr-3728	52	31	the	the	DET
fsr-3728	52	32	fund	fund	NOUN
fsr-3728	52	33	.	.	PUNCT
fsr-3728	53	1	when	when	SCONJ
fsr-3728	53	2	management	management	NOUN
fsr-3728	53	3	must	must	AUX
fsr-3728	53	4	sell	sell	VERB
fsr-3728	53	5	a	a	DET
fsr-3728	53	6	uniform	uniform	ADJ
fsr-3728	53	7	proportion	proportion	NOUN
fsr-3728	53	8	of	of	ADP
fsr-3728	53	9	all	all	DET
fsr-3728	53	10	stocks	stock	NOUN
fsr-3728	53	11	in	in	ADP
fsr-3728	53	12	the	the	DET
fsr-3728	53	13	fund	fund	NOUN
fsr-3728	53	14	to	to	PART
fsr-3728	53	15	maintain	maintain	VERB
fsr-3728	53	16	the	the	DET
fsr-3728	53	17	index	index	NOUN
fsr-3728	53	18	weighting	weighting	NOUN
fsr-3728	53	19	,	,	PUNCT
fsr-3728	53	20	this	this	PRON
fsr-3728	53	21	can	can	AUX
fsr-3728	53	22	cause	cause	VERB
fsr-3728	53	23	an	an	DET
fsr-3728	53	24	index	index	NOUN
fsr-3728	53	25	fund	fund	NOUN
fsr-3728	53	26	to	to	PART
fsr-3728	53	27	realize	realize	VERB
fsr-3728	53	28	capital	capital	NOUN
fsr-3728	53	29	gains	gain	NOUN
fsr-3728	53	30	that	that	PRON
fsr-3728	53	31	the	the	DET
fsr-3728	53	32	manager	manager	NOUN
fsr-3728	53	33	would	would	AUX
fsr-3728	53	34	not	not	PART
fsr-3728	53	35	ordinarily	ordinarily	ADV
fsr-3728	53	36	realize	realize	VERB
fsr-3728	53	37	.	.	PUNCT
fsr-3728	54	1	other	other	ADJ
fsr-3728	54	2	than	than	ADP
fsr-3728	54	3	these	these	DET
fsr-3728	54	4	forced	force	VERB
fsr-3728	54	5	selloffs	selloff	NOUN
fsr-3728	54	6	,	,	PUNCT
fsr-3728	54	7	index	index	NOUN
fsr-3728	54	8	funds	fund	NOUN
fsr-3728	54	9	can	can	AUX
fsr-3728	54	10	be	be	AUX
fsr-3728	54	11	expected	expect	VERB
fsr-3728	54	12	to	to	PART
fsr-3728	54	13	have	have	VERB
fsr-3728	54	14	low	low	ADJ
fsr-3728	54	15	portfolio	portfolio	NOUN
fsr-3728	54	16	turnover	turnover	NOUN
fsr-3728	54	17	and	and	CCONJ
fsr-3728	54	18	,	,	PUNCT
fsr-3728	54	19	therefore	therefore	ADV
fsr-3728	54	20	,	,	PUNCT
fsr-3728	54	21	low	low	ADJ
fsr-3728	54	22	capital	capital	NOUN
fsr-3728	54	23	gains	gain	NOUN
fsr-3728	54	24	distributions	distribution	NOUN
fsr-3728	54	25	.	.	PUNCT
fsr-3728	55	1	in	in	ADP
fsr-3728	55	2	this	this	DET
fsr-3728	55	3	paper	paper	NOUN
fsr-3728	55	4	the	the	DET
fsr-3728	55	5	concept	concept	NOUN
fsr-3728	55	6	of	of	ADP
fsr-3728	55	7	effective	effective	ADJ
fsr-3728	55	8	portfolio	portfolio	NOUN
fsr-3728	55	9	turnover	turnover	NOUN
fsr-3728	55	10	is	be	AUX
fsr-3728	55	11	developed	develop	VERB
fsr-3728	55	12	and	and	CCONJ
fsr-3728	55	13	compared	compare	VERB
fsr-3728	55	14	to	to	ADP
fsr-3728	55	15	reported	report	VERB
fsr-3728	55	16	portfolio	portfolio	NOUN
fsr-3728	55	17	turnover	turnover	NOUN
fsr-3728	55	18	.	.	PUNCT
fsr-3728	56	1	effective	effective	ADJ
fsr-3728	56	2	portfolio	portfolio	NOUN
fsr-3728	56	3	turnover	turnover	NOUN
fsr-3728	56	4	is	be	AUX
fsr-3728	56	5	a	a	DET
fsr-3728	56	6	derived	derived	ADJ
fsr-3728	56	7	figure	figure	NOUN
fsr-3728	56	8	based	base	VERB
fsr-3728	56	9	on	on	ADP
fsr-3728	56	10	the	the	DET
fsr-3728	56	11	percentage	percentage	NOUN
fsr-3728	56	12	of	of	ADP
fsr-3728	56	13	unrealized	unrealized	ADJ
fsr-3728	56	14	capital	capital	NOUN
fsr-3728	56	15	gains	gain	NOUN
fsr-3728	56	16	which	which	PRON
fsr-3728	56	17	are	be	AUX
fsr-3728	56	18	realized	realize	VERB
fsr-3728	56	19	and	and	CCONJ
fsr-3728	56	20	distributed	distribute	VERB
fsr-3728	56	21	on	on	ADP
fsr-3728	56	22	an	an	DET
fsr-3728	56	23	annual	annual	ADJ
fsr-3728	56	24	basis	basis	NOUN
fsr-3728	56	25	.	.	PUNCT
fsr-3728	57	1	effective	effective	ADJ
fsr-3728	57	2	turnover	turnover	NOUN
fsr-3728	57	3	is	be	AUX
fsr-3728	57	4	a	a	DET
fsr-3728	57	5	surrogate	surrogate	NOUN
fsr-3728	57	6	for	for	ADP
fsr-3728	57	7	uniform	uniform	ADJ
fsr-3728	57	8	turnover	turnover	NOUN
fsr-3728	57	9	.	.	PUNCT
fsr-3728	58	1	for	for	ADP
fsr-3728	58	2	example	example	NOUN
fsr-3728	58	3	,	,	PUNCT
fsr-3728	58	4	if	if	SCONJ
fsr-3728	58	5	a	a	DET
fsr-3728	58	6	new	new	ADJ
fsr-3728	58	7	growth	growth	NOUN
fsr-3728	58	8	fund	fund	NOUN
fsr-3728	58	9	starts	start	VERB
fsr-3728	58	10	the	the	DET
fsr-3728	58	11	year	year	NOUN
fsr-3728	58	12	with	with	ADP
fsr-3728	58	13	a	a	DET
fsr-3728	58	14	nav	nav	NOUN
fsr-3728	58	15	of	of	ADP
fsr-3728	58	16	$	$	SYM
fsr-3728	58	17	10.00	10.00	NUM
fsr-3728	58	18	,	,	PUNCT
fsr-3728	58	19	one	one	NUM
fsr-3728	58	20	year	year	NOUN
fsr-3728	58	21	later	later	ADV
fsr-3728	58	22	has	have	VERB
fsr-3728	58	23	a	a	DET
fsr-3728	58	24	capital	capital	NOUN
fsr-3728	58	25	gain	gain	NOUN
fsr-3728	58	26	of	of	ADP
fsr-3728	58	27	$	$	SYM
fsr-3728	58	28	1.00	1.00	NUM
fsr-3728	58	29	per	per	ADP
fsr-3728	58	30	share	share	NOUN
fsr-3728	58	31	,	,	PUNCT
fsr-3728	58	32	and	and	CCONJ
fsr-3728	58	33	pays	pay	VERB
fsr-3728	58	34	out	out	ADP
fsr-3728	58	35	a	a	DET
fsr-3728	58	36	capital	capital	NOUN
fsr-3728	58	37	gains	gain	NOUN
fsr-3728	58	38	distribution	distribution	NOUN
fsr-3728	58	39	of	of	ADP
fsr-3728	58	40	$	$	SYM
fsr-3728	58	41	0.25	0.25	NUM
fsr-3728	58	42	per	per	ADP
fsr-3728	58	43	share	share	NOUN
fsr-3728	58	44	then	then	ADV
fsr-3728	58	45	the	the	DET
fsr-3728	58	46	effective	effective	ADJ
fsr-3728	58	47	turnover	turnover	NOUN
fsr-3728	58	48	would	would	AUX
fsr-3728	58	49	be	be	AUX
fsr-3728	58	50	25	25	NUM
fsr-3728	58	51	percent	percent	NOUN
fsr-3728	58	52	;	;	PUNCT
fsr-3728	58	53	the	the	DET
fsr-3728	58	54	realized	realize	VERB
fsr-3728	58	55	capital	capital	NOUN
fsr-3728	58	56	gain	gain	NOUN
fsr-3728	58	57	divided	divide	VERB
fsr-3728	58	58	by	by	ADP
fsr-3728	58	59	the	the	DET
fsr-3728	58	60	total	total	ADJ
fsr-3728	58	61	capital	capital	NOUN
fsr-3728	58	62	gain	gain	NOUN
fsr-3728	58	63	.	.	PUNCT
fsr-3728	59	1	the	the	DET
fsr-3728	59	2	fund	fund	NOUN
fsr-3728	59	3	’s	’s	PART
fsr-3728	59	4	nav	nav	NOUN
fsr-3728	59	5	would	would	AUX
fsr-3728	59	6	end	end	VERB
fsr-3728	59	7	the	the	DET
fsr-3728	59	8	year	year	NOUN
fsr-3728	59	9	at	at	ADP
fsr-3728	59	10	$	$	SYM
fsr-3728	59	11	10.75	10.75	NUM
fsr-3728	59	12	.	.	PUNCT
fsr-3728	60	1	if	if	SCONJ
fsr-3728	60	2	this	this	DET
fsr-3728	60	3	fund	fund	NOUN
fsr-3728	60	4	was	be	AUX
fsr-3728	60	5	fully	fully	ADV
fsr-3728	60	6	invested	invest	VERB
fsr-3728	60	7	at	at	ADP
fsr-3728	60	8	the	the	DET
fsr-3728	60	9	beginning	beginning	NOUN
fsr-3728	60	10	of	of	ADP
fsr-3728	60	11	the	the	DET
fsr-3728	60	12	year	year	NOUN
fsr-3728	60	13	,	,	PUNCT
fsr-3728	60	14	took	take	VERB
fsr-3728	60	15	in	in	ADP
fsr-3728	60	16	no	no	DET
fsr-3728	60	17	additional	additional	ADJ
fsr-3728	60	18	funds	fund	NOUN
fsr-3728	60	19	,	,	PUNCT
fsr-3728	60	20	and	and	CCONJ
fsr-3728	60	21	sold	sell	VERB
fsr-3728	60	22	25	25	NUM
fsr-3728	60	23	percent	percent	NOUN
fsr-3728	60	24	of	of	ADP
fsr-3728	60	25	each	each	DET
fsr-3728	60	26	holding	holding	NOUN
fsr-3728	60	27	at	at	ADP
fsr-3728	60	28	the	the	DET
fsr-3728	60	29	end	end	NOUN
fsr-3728	60	30	of	of	ADP
fsr-3728	60	31	the	the	DET
fsr-3728	60	32	year	year	NOUN
fsr-3728	60	33	and	and	CCONJ
fsr-3728	60	34	reinvested	reinveste	VERB
fsr-3728	60	35	(	(	PUNCT
fsr-3728	60	36	uniform	uniform	ADJ
fsr-3728	60	37	turnover	turnover	NOUN
fsr-3728	60	38	)	)	PUNCT
fsr-3728	60	39	,	,	PUNCT
fsr-3728	60	40	the	the	DET
fsr-3728	60	41	reported	report	VERB
fsr-3728	60	42	turnover	turnover	NOUN
fsr-3728	60	43	and	and	CCONJ
fsr-3728	60	44	effective	effective	ADJ
fsr-3728	60	45	turnover	turnover	NOUN
fsr-3728	60	46	would	would	AUX
fsr-3728	60	47	both	both	PRON
fsr-3728	60	48	be	be	AUX
fsr-3728	60	49	25	25	NUM
fsr-3728	60	50	percent	percent	NOUN
fsr-3728	60	51	.	.	PUNCT
fsr-3728	61	1	uniform	uniform	ADJ
fsr-3728	61	2	turnover	turnover	NOUN
fsr-3728	61	3	does	do	AUX
fsr-3728	61	4	not	not	PART
fsr-3728	61	5	occur	occur	VERB
fsr-3728	61	6	in	in	ADP
fsr-3728	61	7	actual	actual	ADJ
fsr-3728	61	8	portfolio	portfolio	NOUN
fsr-3728	61	9	management	management	NOUN
fsr-3728	61	10	.	.	PUNCT
fsr-3728	62	1	suppose	suppose	VERB
fsr-3728	62	2	the	the	DET
fsr-3728	62	3	fund	fund	NOUN
fsr-3728	62	4	management	management	NOUN
fsr-3728	62	5	reports	report	VERB
fsr-3728	62	6	turnover	turnover	NOUN
fsr-3728	62	7	of	of	ADP
fsr-3728	62	8	150	150	NUM
fsr-3728	62	9	percent	percent	NOUN
fsr-3728	62	10	in	in	ADP
fsr-3728	62	11	the	the	DET
fsr-3728	62	12	above	above	ADJ
fsr-3728	62	13	example	example	NOUN
fsr-3728	62	14	.	.	PUNCT
fsr-3728	63	1	then	then	ADV
fsr-3728	63	2	the	the	DET
fsr-3728	63	3	high	high	ADJ
fsr-3728	63	4	reported	report	VERB
fsr-3728	63	5	turnover	turnover	NOUN
fsr-3728	63	6	is	be	AUX
fsr-3728	63	7	primarily	primarily	ADV
fsr-3728	63	8	the	the	DET
fsr-3728	63	9	result	result	NOUN
fsr-3728	63	10	of	of	ADP
fsr-3728	63	11	trading	trading	NOUN
fsr-3728	63	12	losers	loser	NOUN
fsr-3728	63	13	.	.	PUNCT
fsr-3728	64	1	or	or	CCONJ
fsr-3728	64	2	if	if	SCONJ
fsr-3728	64	3	the	the	DET
fsr-3728	64	4	fund	fund	NOUN
fsr-3728	64	5	reported	report	VERB
fsr-3728	64	6	a	a	DET
fsr-3728	64	7	turnover	turnover	NOUN
fsr-3728	64	8	of	of	ADP
fsr-3728	64	9	15	15	NUM
fsr-3728	64	10	percent	percent	NOUN
fsr-3728	64	11	,	,	PUNCT
fsr-3728	64	12	then	then	ADV
fsr-3728	64	13	the	the	DET
fsr-3728	64	14	management	management	NOUN
fsr-3728	64	15	is	be	AUX
fsr-3728	64	16	selling	sell	VERB
fsr-3728	64	17	more	more	ADJ
fsr-3728	64	18	winners	winner	NOUN
fsr-3728	64	19	than	than	ADP
fsr-3728	64	20	losers	loser	NOUN
fsr-3728	64	21	in	in	ADP
fsr-3728	64	22	its	its	PRON
fsr-3728	64	23	turnover	turnover	NOUN
fsr-3728	64	24	.	.	PUNCT
fsr-3728	65	1	in	in	ADP
fsr-3728	65	2	either	either	DET
fsr-3728	65	3	case	case	NOUN
fsr-3728	65	4	the	the	DET
fsr-3728	65	5	reported	report	VERB
fsr-3728	65	6	turnover	turnover	NOUN
fsr-3728	65	7	is	be	AUX
fsr-3728	65	8	not	not	PART
fsr-3728	65	9	uniform	uniform	ADJ
fsr-3728	65	10	across	across	ADP
fsr-3728	65	11	the	the	DET
fsr-3728	65	12	portfolio	portfolio	NOUN
fsr-3728	65	13	and	and	CCONJ
fsr-3728	65	14	is	be	AUX
fsr-3728	65	15	different	different	ADJ
fsr-3728	65	16	from	from	ADP
fsr-3728	65	17	the	the	DET
fsr-3728	65	18	effective	effective	ADJ
fsr-3728	65	19	turnover	turnover	NOUN
fsr-3728	65	20	.	.	PUNCT
fsr-3728	66	1	effective	effective	ADJ
fsr-3728	66	2	turnover	turnover	NOUN
fsr-3728	66	3	is	be	AUX
fsr-3728	66	4	superior	superior	ADJ
fsr-3728	66	5	to	to	PART
fsr-3728	66	6	reported	report	VERB
fsr-3728	66	7	turnover	turnover	NOUN
fsr-3728	66	8	as	as	ADP
fsr-3728	66	9	an	an	DET
fsr-3728	66	10	indicator	indicator	NOUN
fsr-3728	66	11	of	of	ADP
fsr-3728	66	12	fund	fund	NOUN
fsr-3728	66	13	management	management	NOUN
fsr-3728	66	14	behavior	behavior	NOUN
fsr-3728	66	15	that	that	PRON
fsr-3728	66	16	will	will	AUX
fsr-3728	66	17	result	result	VERB
fsr-3728	66	18	in	in	ADP
fsr-3728	66	19	the	the	DET
fsr-3728	66	20	distribution	distribution	NOUN
fsr-3728	66	21	of	of	ADP
fsr-3728	66	22	capital	capital	NOUN
fsr-3728	66	23	gains	gain	NOUN
fsr-3728	66	24	.	.	PUNCT
fsr-3728	67	1	below	below	ADV
fsr-3728	67	2	,	,	PUNCT
fsr-3728	67	3	effective	effective	ADJ
fsr-3728	67	4	turnover	turnover	NOUN
fsr-3728	67	5	will	will	AUX
fsr-3728	67	6	be	be	AUX
fsr-3728	67	7	derived	derive	VERB
fsr-3728	67	8	for	for	ADP
fsr-3728	67	9	a	a	DET
fsr-3728	67	10	sample	sample	NOUN
fsr-3728	67	11	of	of	ADP
fsr-3728	67	12	mutual	mutual	ADJ
fsr-3728	67	13	funds	fund	NOUN
fsr-3728	67	14	and	and	CCONJ
fsr-3728	67	15	compared	compare	VERB
fsr-3728	67	16	with	with	ADP
fsr-3728	67	17	the	the	DET
fsr-3728	67	18	reported	report	VERB
fsr-3728	67	19	turnover	turnover	NOUN
fsr-3728	67	20	of	of	ADP
fsr-3728	67	21	the	the	DET
fsr-3728	67	22	funds	fund	NOUN
fsr-3728	67	23	.	.	PUNCT
fsr-3728	68	1	investment	investment	NOUN
fsr-3728	68	2	tax	tax	NOUN
fsr-3728	68	3	strategy	strategy	NOUN
fsr-3728	68	4	to	to	PART
fsr-3728	68	5	maximize	maximize	VERB
fsr-3728	68	6	long	long	ADJ
fsr-3728	68	7	-	-	PUNCT
fsr-3728	68	8	term	term	NOUN
fsr-3728	68	9	wealth	wealth	NOUN
fsr-3728	68	10	accumulation	accumulation	NOUN
fsr-3728	68	11	,	,	PUNCT
fsr-3728	68	12	the	the	DET
fsr-3728	68	13	investor	investor	NOUN
fsr-3728	68	14	should	should	AUX
fsr-3728	68	15	maximize	maximize	VERB
fsr-3728	68	16	contribu	contribu	ADJ
fsr-3728	68	17	tions	tion	NOUN
fsr-3728	68	18	to	to	ADP
fsr-3728	68	19	qualified	qualified	ADJ
fsr-3728	68	20	plans	plan	NOUN
fsr-3728	68	21	which	which	PRON
fsr-3728	68	22	allow	allow	VERB
fsr-3728	68	23	income	income	NOUN
fsr-3728	68	24	to	to	PART
fsr-3728	68	25	be	be	AUX
fsr-3728	68	26	invested	invest	VERB
fsr-3728	68	27	on	on	ADP
fsr-3728	68	28	a	a	DET
fsr-3728	68	29	before	before	ADP
fsr-3728	68	30	-	-	PUNCT
fsr-3728	68	31	tax	tax	NOUN
fsr-3728	68	32	basis	basis	NOUN
fsr-3728	68	33	.	.	PUNCT
fsr-3728	69	1	examples	example	NOUN
fsr-3728	69	2	include	include	VERB
fsr-3728	69	3	tax	tax	NOUN
fsr-3728	69	4	-	-	PUNCT
fsr-3728	69	5	deductible	deductible	ADJ
fsr-3728	69	6	iras	ira	NOUN
fsr-3728	69	7	,	,	PUNCT
fsr-3728	69	8	401(k	401(k	NOUN
fsr-3728	69	9	)	)	PUNCT
fsr-3728	69	10	,	,	PUNCT
fsr-3728	69	11	403(b	403(b	PROPN
fsr-3728	69	12	)	)	PUNCT
fsr-3728	69	13	,	,	PUNCT
fsr-3728	69	14	sep	sep	PROPN
fsr-3728	69	15	,	,	PUNCT
fsr-3728	69	16	and	and	CCONJ
fsr-3728	69	17	keogh	keogh	PROPN
fsr-3728	69	18	plans	plan	NOUN
fsr-3728	69	19	.	.	PUNCT
fsr-3728	70	1	after	after	SCONJ
fsr-3728	70	2	these	these	DET
fsr-3728	70	3	programs	program	NOUN
fsr-3728	70	4	have	have	AUX
fsr-3728	70	5	been	be	AUX
fsr-3728	70	6	fully	fully	ADV
fsr-3728	70	7	used	use	VERB
fsr-3728	70	8	,	,	PUNCT
fsr-3728	70	9	it	it	PRON
fsr-3728	70	10	is	be	AUX
fsr-3728	70	11	assumed	assume	VERB
fsr-3728	70	12	that	that	SCONJ
fsr-3728	70	13	the	the	DET
fsr-3728	70	14	investor	investor	NOUN
fsr-3728	70	15	will	will	AUX
fsr-3728	70	16	invest	invest	VERB
fsr-3728	70	17	after	after	ADP
fsr-3728	70	18	-	-	PUNCT
fsr-3728	70	19	tax	tax	NOUN
fsr-3728	70	20	dollars	dollar	NOUN
fsr-3728	70	21	into	into	ADP
fsr-3728	70	22	taxable	taxable	ADJ
fsr-3728	70	23	mutual	mutual	ADJ
fsr-3728	70	24	fund	fund	NOUN
fsr-3728	70	25	accounts	account	NOUN
fsr-3728	70	26	or	or	CCONJ
fsr-3728	70	27	into	into	ADP
fsr-3728	70	28	non	non	ADJ
fsr-3728	70	29	-	-	ADJ
fsr-3728	70	30	qualified	qualified	ADJ
fsr-3728	70	31	plans	plan	NOUN
fsr-3728	70	32	that	that	PRON
fsr-3728	70	33	allow	allow	VERB
fsr-3728	70	34	distributions	distribution	NOUN
fsr-3728	70	35	to	to	PART
fsr-3728	70	36	accumulate	accumulate	VERB
fsr-3728	70	37	tax	tax	NOUN
fsr-3728	70	38	-	-	PUNCT
fsr-3728	70	39	deferred	defer	VERB
fsr-3728	70	40	.	.	PUNCT
fsr-3728	71	1	the	the	DET
fsr-3728	71	2	investor	investor	NOUN
fsr-3728	71	3	must	must	AUX
fsr-3728	71	4	pay	pay	VERB
fsr-3728	71	5	taxes	taxis	NOUN
fsr-3728	71	6	on	on	ADP
fsr-3728	71	7	all	all	DET
fsr-3728	71	8	distributions	distribution	NOUN
fsr-3728	71	9	made	make	VERB
fsr-3728	71	10	by	by	ADP
fsr-3728	71	11	regular	regular	ADJ
fsr-3728	71	12	mutual	mutual	ADJ
fsr-3728	71	13	funds	fund	NOUN
fsr-3728	71	14	.	.	PUNCT
fsr-3728	72	1	the	the	DET
fsr-3728	72	2	variable	variable	ADJ
fsr-3728	72	3	annuity	annuity	NOUN
fsr-3728	72	4	plan	plan	NOUN
fsr-3728	72	5	(	(	PUNCT
fsr-3728	72	6	vap	vap	NOUN
fsr-3728	72	7	)	)	PUNCT
fsr-3728	72	8	and	and	CCONJ
fsr-3728	72	9	non	non	ADJ
fsr-3728	72	10	-	-	ADJ
fsr-3728	72	11	deductible	deductible	ADJ
fsr-3728	72	12	ira	ira	PROPN
fsr-3728	72	13	are	be	AUX
fsr-3728	72	14	two	two	NUM
fsr-3728	72	15	non	non	ADJ
fsr-3728	72	16	-	-	ADJ
fsr-3728	72	17	qualified	qualified	ADJ
fsr-3728	72	18	tax	tax	NOUN
fsr-3728	72	19	-	-	PUNCT
fsr-3728	72	20	deferred	defer	VERB
fsr-3728	72	21	accounts	account	NOUN
fsr-3728	72	22	available	available	ADJ
fsr-3728	72	23	to	to	ADP
fsr-3728	72	24	investors	investor	NOUN
fsr-3728	72	25	.	.	PUNCT
fsr-3728	73	1	in	in	ADP
fsr-3728	73	2	these	these	DET
fsr-3728	73	3	plans	plan	NOUN
fsr-3728	73	4	distributions	distribution	NOUN
fsr-3728	73	5	accumulate	accumulate	VERB
fsr-3728	73	6	tax	tax	NOUN
fsr-3728	73	7	-	-	PUNCT
fsr-3728	73	8	deferred	defer	VERB
fsr-3728	73	9	.	.	PUNCT
fsr-3728	74	1	no	no	DET
fsr-3728	74	2	taxes	taxis	NOUN
fsr-3728	74	3	are	be	AUX
fsr-3728	74	4	paid	pay	VERB
fsr-3728	74	5	until	until	SCONJ
fsr-3728	74	6	savings	saving	NOUN
fsr-3728	74	7	are	be	AUX
fsr-3728	74	8	withdrawn	withdraw	VERB
fsr-3728	74	9	.	.	PUNCT
fsr-3728	75	1	the	the	DET
fsr-3728	75	2	non	non	ADJ
fsr-3728	75	3	-	-	ADJ
fsr-3728	75	4	deductible	deductible	ADJ
fsr-3728	75	5	ira	ira	PROPN
fsr-3728	75	6	is	be	AUX
fsr-3728	75	7	generally	generally	ADV
fsr-3728	75	8	superior	superior	ADJ
fsr-3728	75	9	to	to	ADP
fsr-3728	75	10	the	the	DET
fsr-3728	75	11	vap	vap	NOUN
fsr-3728	75	12	because	because	SCONJ
fsr-3728	75	13	of	of	ADP
fsr-3728	75	14	lower	low	ADJ
fsr-3728	75	15	expenses	expense	NOUN
fsr-3728	75	16	,	,	PUNCT
fsr-3728	75	17	and	and	CCONJ
fsr-3728	75	18	it	it	PRON
fsr-3728	75	19	should	should	AUX
fsr-3728	75	20	be	be	AUX
fsr-3728	75	21	used	use	VERB
fsr-3728	75	22	first	first	ADV
fsr-3728	75	23	.	.	PUNCT
fsr-3728	76	1	but	but	CCONJ
fsr-3728	76	2	since	since	SCONJ
fsr-3728	76	3	the	the	DET
fsr-3728	76	4	non	non	ADJ
fsr-3728	76	5	-	-	ADJ
fsr-3728	76	6	deductible	deductible	ADJ
fsr-3728	76	7	ira	ira	PROPN
fsr-3728	76	8	is	be	AUX
fsr-3728	76	9	limited	limit	VERB
fsr-3728	76	10	to	to	ADP
fsr-3728	76	11	$	$	SYM
fsr-3728	76	12	2000	2000	NUM
fsr-3728	76	13	per	per	ADP
fsr-3728	76	14	year	year	NOUN
fsr-3728	76	15	,	,	PUNCT
fsr-3728	76	16	many	many	ADJ
fsr-3728	76	17	investors	investor	NOUN
fsr-3728	76	18	will	will	AUX
fsr-3728	76	19	need	need	VERB
fsr-3728	76	20	to	to	PART
fsr-3728	76	21	invest	invest	VERB
fsr-3728	76	22	funds	fund	NOUN
fsr-3728	76	23	beyond	beyond	ADP
fsr-3728	76	24	this	this	DET
fsr-3728	76	25	amount	amount	NOUN
fsr-3728	76	26	and	and	CCONJ
fsr-3728	76	27	will	will	AUX
fsr-3728	76	28	use	use	VERB
fsr-3728	76	29	either	either	CCONJ
fsr-3728	76	30	a	a	DET
fsr-3728	76	31	vap	vap	NOUN
fsr-3728	76	32	,	,	PUNCT
fsr-3728	76	33	regular	regular	ADJ
fsr-3728	76	34	mutual	mutual	ADJ
fsr-3728	76	35	fund	fund	NOUN
fsr-3728	76	36	,	,	PUNCT
fsr-3728	76	37	or	or	CCONJ
fsr-3728	76	38	a	a	DET
fsr-3728	76	39	combination	combination	NOUN
fsr-3728	76	40	of	of	ADP
fsr-3728	76	41	these	these	DET
fsr-3728	76	42	vehicles	vehicle	NOUN
fsr-3728	76	43	.	.	PUNCT
fsr-3728	77	1	the	the	DET
fsr-3728	77	2	vap	vap	NOUN
fsr-3728	77	3	is	be	AUX
fsr-3728	77	4	offered	offer	VERB
fsr-3728	77	5	by	by	ADP
fsr-3728	77	6	insurance	insurance	NOUN
fsr-3728	77	7	companies	company	NOUN
fsr-3728	77	8	and	and	CCONJ
fsr-3728	77	9	has	have	VERB
fsr-3728	77	10	an	an	DET
fsr-3728	77	11	insurance	insurance	NOUN
fsr-3728	77	12	feature	feature	NOUN
fsr-3728	77	13	that	that	PRON
fsr-3728	77	14	increases	increase	VERB
fsr-3728	77	15	the	the	DET
fsr-3728	77	16	cost	cost	NOUN
fsr-3728	77	17	of	of	ADP
fsr-3728	77	18	the	the	DET
fsr-3728	77	19	plan	plan	NOUN
fsr-3728	77	20	.	.	PUNCT
fsr-3728	78	1	the	the	DET
fsr-3728	78	2	insurance	insurance	NOUN
fsr-3728	78	3	feature	feature	NOUN
fsr-3728	78	4	guarantees	guarantee	VERB
fsr-3728	78	5	that	that	SCONJ
fsr-3728	78	6	the	the	DET
fsr-3728	78	7	investor	investor	NOUN
fsr-3728	78	8	’s	’s	PART
fsr-3728	78	9	beneficiary	beneficiary	NOUN
fsr-3728	78	10	receives	receive	VERB
fsr-3728	78	11	at	at	ADP
fsr-3728	78	12	least	least	ADJ
fsr-3728	78	13	an	an	DET
fsr-3728	78	14	amount	amount	NOUN
fsr-3728	78	15	equal	equal	ADJ
fsr-3728	78	16	to	to	ADP
fsr-3728	78	17	the	the	DET
fsr-3728	78	18	net	net	ADJ
fsr-3728	78	19	investment	investment	NOUN
fsr-3728	78	20	in	in	ADP
fsr-3728	78	21	the	the	DET
fsr-3728	78	22	plan	plan	NOUN
fsr-3728	78	23	.	.	PUNCT
fsr-3728	79	1	when	when	SCONJ
fsr-3728	79	2	participating	participate	VERB
fsr-3728	79	3	in	in	ADP
fsr-3728	79	4	a	a	DET
fsr-3728	79	5	vap	vap	NOUN
fsr-3728	79	6	,	,	PUNCT
fsr-3728	79	7	the	the	DET
fsr-3728	79	8	130	130	NUM
fsr-3728	79	9	financial	financial	ADJ
fsr-3728	79	10	services	service	NOUN
fsr-3728	79	11	review	review	NOUN
fsr-3728	79	12	,	,	PUNCT
fsr-3728	79	13	3(z	3(z	NUM
fsr-3728	79	14	)	)	PUNCT
fsr-3728	79	15	1994	1994	NUM
fsr-3728	79	16	investor	investor	NOUN
fsr-3728	79	17	can	can	AUX
fsr-3728	79	18	select	select	VERB
fsr-3728	79	19	from	from	ADP
fsr-3728	79	20	several	several	ADJ
fsr-3728	79	21	investment	investment	NOUN
fsr-3728	79	22	alternatives	alternative	NOUN
fsr-3728	79	23	,	,	PUNCT
fsr-3728	79	24	usually	usually	ADV
fsr-3728	79	25	ranging	range	VERB
fsr-3728	79	26	from	from	ADP
fsr-3728	79	27	bond	bond	NOUN
fsr-3728	79	28	funds	fund	NOUN
fsr-3728	79	29	to	to	ADP
fsr-3728	79	30	growth	growth	NOUN
fsr-3728	79	31	funds	fund	NOUN
fsr-3728	79	32	.	.	PUNCT
fsr-3728	80	1	the	the	DET
fsr-3728	80	2	non	non	ADJ
fsr-3728	80	3	-	-	ADJ
fsr-3728	80	4	deductible	deductible	ADJ
fsr-3728	80	5	ira	ira	PROPN
fsr-3728	80	6	has	have	VERB
fsr-3728	80	7	an	an	DET
fsr-3728	80	8	even	even	ADV
fsr-3728	80	9	greater	great	ADJ
fsr-3728	80	10	selection	selection	NOUN
fsr-3728	80	11	of	of	ADP
fsr-3728	80	12	investment	investment	NOUN
fsr-3728	80	13	objectives	objective	NOUN
fsr-3728	80	14	to	to	PART
fsr-3728	80	15	choose	choose	VERB
fsr-3728	80	16	from	from	ADP
fsr-3728	80	17	and	and	CCONJ
fsr-3728	80	18	minimal	minimal	ADJ
fsr-3728	80	19	or	or	CCONJ
fsr-3728	80	20	no	no	DET
fsr-3728	80	21	extra	extra	ADJ
fsr-3728	80	22	expenses	expense	NOUN
fsr-3728	80	23	.	.	PUNCT
fsr-3728	81	1	both	both	DET
fsr-3728	81	2	non	non	ADJ
fsr-3728	81	3	-	-	ADJ
fsr-3728	81	4	qualified	qualified	ADJ
fsr-3728	81	5	plans	plan	NOUN
fsr-3728	81	6	penalize	penalize	VERB
fsr-3728	81	7	the	the	DET
fsr-3728	81	8	investor	investor	NOUN
fsr-3728	81	9	10	10	NUM
fsr-3728	81	10	percent	percent	NOUN
fsr-3728	81	11	if	if	SCONJ
fsr-3728	81	12	funds	fund	NOUN
fsr-3728	81	13	are	be	AUX
fsr-3728	81	14	withdrawn	withdraw	VERB
fsr-3728	81	15	prior	prior	ADV
fsr-3728	81	16	to	to	ADP
fsr-3728	81	17	age	age	NOUN
fsr-3728	81	18	59	59	NUM
fsr-3728	81	19	ih	ih	NOUN
fsr-3728	81	20	.	.	PUNCT
fsr-3728	82	1	this	this	PRON
fsr-3728	82	2	could	could	AUX
fsr-3728	82	3	limit	limit	VERB
fsr-3728	82	4	their	their	PRON
fsr-3728	82	5	attractiveness	attractiveness	NOUN
fsr-3728	82	6	for	for	ADP
fsr-3728	82	7	some	some	DET
fsr-3728	82	8	investors	investor	NOUN
fsr-3728	82	9	.	.	PUNCT
fsr-3728	83	1	while	while	SCONJ
fsr-3728	83	2	the	the	DET
fsr-3728	83	3	age	age	NOUN
fsr-3728	83	4	withdrawal	withdrawal	NOUN
fsr-3728	83	5	restrictions	restriction	NOUN
fsr-3728	83	6	and	and	CCONJ
fsr-3728	83	7	the	the	DET
fsr-3728	83	8	insurance	insurance	NOUN
fsr-3728	83	9	feature	feature	NOUN
fsr-3728	83	10	of	of	ADP
fsr-3728	83	11	the	the	DET
fsr-3728	83	12	vap	vap	NOUN
fsr-3728	83	13	makes	make	VERB
fsr-3728	83	14	the	the	DET
fsr-3728	83	15	non	non	ADJ
fsr-3728	83	16	-	-	ADJ
fsr-3728	83	17	qualified	qualified	ADJ
fsr-3728	83	18	plans	plan	NOUN
fsr-3728	83	19	not	not	PART
fsr-3728	83	20	directly	directly	ADV
fsr-3728	83	21	comparable	comparable	ADJ
fsr-3728	83	22	to	to	ADP
fsr-3728	83	23	a	a	DET
fsr-3728	83	24	regular	regular	ADJ
fsr-3728	83	25	mutual	mutual	ADJ
fsr-3728	83	26	fund	fund	NOUN
fsr-3728	83	27	account	account	NOUN
fsr-3728	83	28	,	,	PUNCT
fsr-3728	83	29	it	it	PRON
fsr-3728	83	30	is	be	AUX
fsr-3728	83	31	instructive	instructive	ADJ
fsr-3728	83	32	to	to	PART
fsr-3728	83	33	compare	compare	VERB
fsr-3728	83	34	the	the	DET
fsr-3728	83	35	after	after	ADP
fsr-3728	83	36	-	-	PUNCT
fsr-3728	83	37	tax	tax	NOUN
fsr-3728	83	38	return	return	NOUN
fsr-3728	83	39	of	of	ADP
fsr-3728	83	40	these	these	DET
fsr-3728	83	41	alternative	alternative	ADJ
fsr-3728	83	42	savings	saving	NOUN
fsr-3728	83	43	plans	plan	NOUN
fsr-3728	83	44	.	.	PUNCT
fsr-3728	84	1	the	the	DET
fsr-3728	84	2	extra	extra	ADJ
fsr-3728	84	3	expense	expense	NOUN
fsr-3728	84	4	of	of	ADP
fsr-3728	84	5	variable	variable	ADJ
fsr-3728	84	6	annuity	annuity	NOUN
fsr-3728	84	7	plans	plan	NOUN
fsr-3728	84	8	varies	vary	VERB
fsr-3728	84	9	widely	widely	ADV
fsr-3728	84	10	.	.	PUNCT
fsr-3728	85	1	vanguard	vanguard	PROPN
fsr-3728	85	2	has	have	VERB
fsr-3728	85	3	a	a	DET
fsr-3728	85	4	plan	plan	NOUN
fsr-3728	85	5	that	that	PRON
fsr-3728	85	6	adds	add	VERB
fsr-3728	85	7	costs	cost	NOUN
fsr-3728	85	8	of	of	ADP
fsr-3728	85	9	0.55	0.55	NUM
fsr-3728	85	10	percent	percent	NOUN
fsr-3728	85	11	per	per	ADP
fsr-3728	85	12	year	year	NOUN
fsr-3728	85	13	to	to	PART
fsr-3728	85	14	fund	fund	VERB
fsr-3728	85	15	operating	operating	NOUN
fsr-3728	85	16	expenses	expense	NOUN
fsr-3728	85	17	.	.	PUNCT
fsr-3728	86	1	according	accord	VERB
fsr-3728	86	2	to	to	ADP
fsr-3728	86	3	morningstar	morningstar	NOUN
fsr-3728	86	4	,	,	PUNCT
fsr-3728	86	5	total	total	ADJ
fsr-3728	86	6	expenses	expense	NOUN
fsr-3728	86	7	for	for	ADP
fsr-3728	86	8	the	the	DET
fsr-3728	86	9	average	average	ADJ
fsr-3728	86	10	vap	vap	NOUN
fsr-3728	86	11	is	be	AUX
fsr-3728	86	12	2.05	2.05	NUM
fsr-3728	86	13	percent.2	percent.2	NOUN
fsr-3728	86	14	this	this	PRON
fsr-3728	86	15	is	be	AUX
fsr-3728	86	16	twice	twice	DET
fsr-3728	86	17	the	the	DET
fsr-3728	86	18	total	total	ADJ
fsr-3728	86	19	expense	expense	NOUN
fsr-3728	86	20	of	of	ADP
fsr-3728	86	21	the	the	DET
fsr-3728	86	22	average	average	ADJ
fsr-3728	86	23	vanguard	vanguard	NOUN
fsr-3728	86	24	annuity	annuity	NOUN
fsr-3728	86	25	plan	plan	NOUN
fsr-3728	86	26	.	.	PUNCT
fsr-3728	87	1	aside	aside	ADV
fsr-3728	87	2	from	from	ADP
fsr-3728	87	3	the	the	DET
fsr-3728	87	4	extra	extra	ADJ
fsr-3728	87	5	expense	expense	NOUN
fsr-3728	87	6	,	,	PUNCT
fsr-3728	87	7	vaps	vap	NOUN
fsr-3728	87	8	can	can	AUX
fsr-3728	87	9	have	have	VERB
fsr-3728	87	10	some	some	DET
fsr-3728	87	11	unpleasant	unpleasant	ADJ
fsr-3728	87	12	features	feature	NOUN
fsr-3728	87	13	.	.	PUNCT
fsr-3728	88	1	some	some	PRON
fsr-3728	88	2	states	state	VERB
fsr-3728	88	3	tax	tax	NOUN
fsr-3728	88	4	initial	initial	ADJ
fsr-3728	88	5	and	and	CCONJ
fsr-3728	88	6	subsequent	subsequent	ADJ
fsr-3728	88	7	investments	investment	NOUN
fsr-3728	88	8	in	in	ADP
fsr-3728	88	9	vaps	vap	NOUN
fsr-3728	88	10	.	.	PUNCT
fsr-3728	89	1	some	some	PRON
fsr-3728	89	2	states	state	VERB
fsr-3728	89	3	tax	tax	NOUN
fsr-3728	89	4	payments	payment	NOUN
fsr-3728	89	5	from	from	ADP
fsr-3728	89	6	the	the	DET
fsr-3728	89	7	plan	plan	NOUN
fsr-3728	89	8	if	if	SCONJ
fsr-3728	89	9	the	the	DET
fsr-3728	89	10	owner	owner	NOUN
fsr-3728	89	11	chooses	choose	VERB
fsr-3728	89	12	a	a	DET
fsr-3728	89	13	lump	lump	NOUN
fsr-3728	89	14	sum	sum	NOUN
fsr-3728	89	15	distribution	distribution	NOUN
fsr-3728	89	16	.	.	PUNCT
fsr-3728	90	1	the	the	DET
fsr-3728	90	2	taxable	taxable	ADJ
fsr-3728	90	3	portion	portion	NOUN
fsr-3728	90	4	of	of	ADP
fsr-3728	90	5	distributions	distribution	NOUN
fsr-3728	90	6	from	from	ADP
fsr-3728	90	7	vaps	vap	NOUN
fsr-3728	90	8	is	be	AUX
fsr-3728	90	9	taxed	tax	VERB
fsr-3728	90	10	at	at	ADP
fsr-3728	90	11	ordinary	ordinary	ADJ
fsr-3728	90	12	income	income	NOUN
fsr-3728	90	13	tax	tax	NOUN
fsr-3728	90	14	rates	rate	NOUN
fsr-3728	90	15	which	which	PRON
fsr-3728	90	16	could	could	AUX
fsr-3728	90	17	be	be	AUX
fsr-3728	90	18	a	a	DET
fsr-3728	90	19	disadvan	disadvan	NOUN
fsr-3728	90	20	tage	tage	NOUN
fsr-3728	90	21	for	for	ADP
fsr-3728	90	22	investors	investor	NOUN
fsr-3728	90	23	in	in	ADP
fsr-3728	90	24	the	the	DET
fsr-3728	90	25	top	top	ADJ
fsr-3728	90	26	tax	tax	NOUN
fsr-3728	90	27	bracket	bracket	NOUN
fsr-3728	90	28	.	.	PUNCT
fsr-3728	91	1	in	in	ADP
fsr-3728	91	2	the	the	DET
fsr-3728	91	3	following	follow	VERB
fsr-3728	91	4	analysis	analysis	NOUN
fsr-3728	91	5	,	,	PUNCT
fsr-3728	91	6	non	non	ADJ
fsr-3728	91	7	-	-	ADJ
fsr-3728	91	8	qualified	qualified	ADJ
fsr-3728	91	9	plans	plan	NOUN
fsr-3728	91	10	and	and	CCONJ
fsr-3728	91	11	regular	regular	ADJ
fsr-3728	91	12	mutual	mutual	ADJ
fsr-3728	91	13	funds	fund	NOUN
fsr-3728	91	14	are	be	AUX
fsr-3728	91	15	compared	compare	VERB
fsr-3728	91	16	as	as	ADP
fsr-3728	91	17	long	long	ADJ
fsr-3728	91	18	-	-	PUNCT
fsr-3728	91	19	term	term	NOUN
fsr-3728	91	20	savings	saving	NOUN
fsr-3728	91	21	vehicles	vehicle	NOUN
fsr-3728	91	22	.	.	PUNCT
fsr-3728	92	1	the	the	DET
fsr-3728	92	2	effect	effect	NOUN
fsr-3728	92	3	of	of	ADP
fsr-3728	92	4	turnover	turnover	NOUN
fsr-3728	92	5	on	on	ADP
fsr-3728	92	6	after	after	ADP
fsr-3728	92	7	-	-	PUNCT
fsr-3728	92	8	tax	tax	NOUN
fsr-3728	92	9	return	return	NOUN
fsr-3728	92	10	is	be	AUX
fsr-3728	92	11	analyzed	analyze	VERB
fsr-3728	92	12	for	for	ADP
fsr-3728	92	13	the	the	DET
fsr-3728	92	14	regular	regular	ADJ
fsr-3728	92	15	mutual	mutual	ADJ
fsr-3728	92	16	fund	fund	NOUN
fsr-3728	92	17	account	account	NOUN
fsr-3728	92	18	.	.	PUNCT
fsr-3728	93	1	in	in	ADP
fsr-3728	93	2	order	order	NOUN
fsr-3728	93	3	to	to	PART
fsr-3728	93	4	make	make	VERB
fsr-3728	93	5	comparisons	comparison	NOUN
fsr-3728	93	6	,	,	PUNCT
fsr-3728	93	7	an	an	DET
fsr-3728	93	8	assumed	assumed	ADJ
fsr-3728	93	9	marginal	marginal	ADJ
fsr-3728	93	10	tax	tax	NOUN
fsr-3728	93	11	rate	rate	NOUN
fsr-3728	93	12	of	of	ADP
fsr-3728	93	13	35	35	NUM
fsr-3728	93	14	percent	percent	NOUN
fsr-3728	93	15	is	be	AUX
fsr-3728	93	16	used	use	VERB
fsr-3728	93	17	.	.	PUNCT
fsr-3728	94	1	to	to	PART
fsr-3728	94	2	simplify	simplify	VERB
fsr-3728	94	3	the	the	DET
fsr-3728	94	4	analysis	analysis	NOUN
fsr-3728	94	5	,	,	PUNCT
fsr-3728	94	6	no	no	DET
fsr-3728	94	7	distinction	distinction	NOUN
fsr-3728	94	8	is	be	AUX
fsr-3728	94	9	made	make	VERB
fsr-3728	94	10	between	between	ADP
fsr-3728	94	11	income	income	NOUN
fsr-3728	94	12	and	and	CCONJ
fsr-3728	94	13	capital	capital	NOUN
fsr-3728	94	14	gains	gain	NOUN
fsr-3728	94	15	tax	tax	NOUN
fsr-3728	94	16	rates.3	rates.3	NOUN
fsr-3728	94	17	for	for	ADP
fsr-3728	94	18	the	the	DET
fsr-3728	94	19	regular	regular	ADJ
fsr-3728	94	20	taxable	taxable	ADJ
fsr-3728	94	21	mutual	mutual	ADJ
fsr-3728	94	22	fund	fund	NOUN
fsr-3728	94	23	account	account	NOUN
fsr-3728	94	24	,	,	PUNCT
fsr-3728	94	25	taxes	taxis	NOUN
fsr-3728	94	26	on	on	ADP
fsr-3728	94	27	fund	fund	NOUN
fsr-3728	94	28	distribu	distribu	NOUN
fsr-3728	94	29	tions	tion	NOUN
fsr-3728	94	30	are	be	AUX
fsr-3728	94	31	assumed	assume	VERB
fsr-3728	94	32	to	to	PART
fsr-3728	94	33	be	be	AUX
fsr-3728	94	34	paid	pay	VERB
fsr-3728	94	35	in	in	ADP
fsr-3728	94	36	the	the	DET
fsr-3728	94	37	year	year	NOUN
fsr-3728	94	38	of	of	ADP
fsr-3728	94	39	the	the	DET
fsr-3728	94	40	distribution	distribution	NOUN
fsr-3728	94	41	.	.	PUNCT
fsr-3728	95	1	for	for	ADP
fsr-3728	95	2	the	the	DET
fsr-3728	95	3	non	non	ADJ
fsr-3728	95	4	-	-	ADJ
fsr-3728	95	5	qualified	qualified	ADJ
fsr-3728	95	6	tax	tax	NOUN
fsr-3728	95	7	-	-	PUNCT
fsr-3728	95	8	deferred	defer	VERB
fsr-3728	95	9	plans	plan	NOUN
fsr-3728	95	10	,	,	PUNCT
fsr-3728	95	11	distributions	distribution	NOUN
fsr-3728	95	12	accumulate	accumulate	VERB
fsr-3728	95	13	tax	tax	NOUN
fsr-3728	95	14	-	-	PUNCT
fsr-3728	95	15	deferred	defer	VERB
fsr-3728	95	16	.	.	PUNCT
fsr-3728	96	1	effective	effective	ADJ
fsr-3728	96	2	turnover	turnover	NOUN
fsr-3728	96	3	and	and	CCONJ
fsr-3728	96	4	after	after	ADP
fsr-3728	96	5	-	-	PUNCT
fsr-3728	96	6	tax	tax	NOUN
fsr-3728	96	7	return	return	NOUN
fsr-3728	96	8	in	in	ADP
fsr-3728	96	9	the	the	DET
fsr-3728	96	10	following	following	ADJ
fsr-3728	96	11	examples	example	NOUN
fsr-3728	96	12	,	,	PUNCT
fsr-3728	96	13	dividends	dividend	NOUN
fsr-3728	96	14	and	and	CCONJ
fsr-3728	96	15	interest	interest	NOUN
fsr-3728	96	16	income	income	NOUN
fsr-3728	96	17	and	and	CCONJ
fsr-3728	96	18	realized	realize	VERB
fsr-3728	96	19	capital	capital	NOUN
fsr-3728	96	20	gains	gain	NOUN
fsr-3728	96	21	are	be	AUX
fsr-3728	96	22	assumed	assume	VERB
fsr-3728	96	23	to	to	PART
fsr-3728	96	24	be	be	AUX
fsr-3728	96	25	distributed	distribute	VERB
fsr-3728	96	26	at	at	ADP
fsr-3728	96	27	year	year	NOUN
fsr-3728	96	28	end	end	NOUN
fsr-3728	96	29	by	by	ADP
fsr-3728	96	30	the	the	DET
fsr-3728	96	31	mutual	mutual	ADJ
fsr-3728	96	32	fund	fund	NOUN
fsr-3728	96	33	.	.	PUNCT
fsr-3728	97	1	the	the	DET
fsr-3728	97	2	investor	investor	NOUN
fsr-3728	97	3	then	then	ADV
fsr-3728	97	4	pays	pay	VERB
fsr-3728	97	5	taxes	taxis	NOUN
fsr-3728	97	6	on	on	ADP
fsr-3728	97	7	these	these	DET
fsr-3728	97	8	distributions	distribution	NOUN
fsr-3728	97	9	at	at	ADP
fsr-3728	97	10	the	the	DET
fsr-3728	97	11	assumed	assumed	ADJ
fsr-3728	97	12	35	35	NUM
fsr-3728	97	13	percent	percent	NOUN
fsr-3728	97	14	rate	rate	NOUN
fsr-3728	97	15	,	,	PUNCT
fsr-3728	97	16	and	and	CCONJ
fsr-3728	97	17	reinvests	reinvest	VERB
fsr-3728	97	18	the	the	DET
fsr-3728	97	19	remainder	remainder	NOUN
fsr-3728	97	20	.	.	PUNCT
fsr-3728	98	1	two	two	NUM
fsr-3728	98	2	different	different	ADJ
fsr-3728	98	3	after	after	ADP
fsr-3728	98	4	-	-	PUNCT
fsr-3728	98	5	tax	tax	NOUN
fsr-3728	98	6	measures	measure	NOUN
fsr-3728	98	7	are	be	AUX
fsr-3728	98	8	used	use	VERB
fsr-3728	98	9	to	to	PART
fsr-3728	98	10	assess	assess	VERB
fsr-3728	98	11	investment	investment	NOUN
fsr-3728	98	12	performance	performance	NOUN
fsr-3728	98	13	:	:	PUNCT
fsr-3728	98	14	the	the	DET
fsr-3728	98	15	after	after	ADP
fsr-3728	98	16	-	-	PUNCT
fsr-3728	98	17	tax	tax	NOUN
fsr-3728	98	18	return	return	NOUN
fsr-3728	98	19	and	and	CCONJ
fsr-3728	98	20	the	the	DET
fsr-3728	98	21	rate	rate	NOUN
fsr-3728	98	22	of	of	ADP
fsr-3728	98	23	wealth	wealth	NOUN
fsr-3728	98	24	accumulation	accumulation	NOUN
fsr-3728	98	25	.	.	PUNCT
fsr-3728	99	1	to	to	PART
fsr-3728	99	2	compute	compute	VERB
fsr-3728	99	3	the	the	DET
fsr-3728	99	4	after	after	ADP
fsr-3728	99	5	-	-	PUNCT
fsr-3728	99	6	tax	tax	NOUN
fsr-3728	99	7	return	return	NOUN
fsr-3728	99	8	(	(	PUNCT
fsr-3728	99	9	atr	atr	PROPN
fsr-3728	99	10	)	)	PUNCT
fsr-3728	99	11	,	,	PUNCT
fsr-3728	99	12	taxes	taxis	NOUN
fsr-3728	99	13	are	be	AUX
fsr-3728	99	14	paid	pay	VERB
fsr-3728	99	15	on	on	ADP
fsr-3728	99	16	each	each	DET
fsr-3728	99	17	annual	annual	ADJ
fsr-3728	99	18	distribution	distribution	NOUN
fsr-3728	99	19	,	,	PUNCT
fsr-3728	99	20	the	the	DET
fsr-3728	99	21	after	after	ADP
fsr-3728	99	22	-	-	PUNCT
fsr-3728	99	23	tax	tax	NOUN
fsr-3728	99	24	proceeds	proceed	NOUN
fsr-3728	99	25	of	of	ADP
fsr-3728	99	26	the	the	DET
fsr-3728	99	27	distribution	distribution	NOUN
fsr-3728	99	28	are	be	AUX
fsr-3728	99	29	reinvested	reinveste	VERB
fsr-3728	99	30	,	,	PUNCT
fsr-3728	99	31	and	and	CCONJ
fsr-3728	99	32	then	then	ADV
fsr-3728	99	33	taxes	taxis	NOUN
fsr-3728	99	34	are	be	AUX
fsr-3728	99	35	paid	pay	VERB
fsr-3728	99	36	on	on	ADP
fsr-3728	99	37	the	the	DET
fsr-3728	99	38	unrealized	unrealized	ADJ
fsr-3728	99	39	capital	capital	NOUN
fsr-3728	99	40	gain	gain	NOUN
fsr-3728	99	41	at	at	ADP
fsr-3728	99	42	the	the	DET
fsr-3728	99	43	end	end	NOUN
fsr-3728	99	44	of	of	ADP
fsr-3728	99	45	a	a	DET
fsr-3728	99	46	selected	select	VERB
fsr-3728	99	47	holding	hold	VERB
fsr-3728	99	48	period	period	NOUN
fsr-3728	99	49	.	.	PUNCT
fsr-3728	100	1	the	the	DET
fsr-3728	100	2	atr	atr	NOUN
fsr-3728	100	3	can	can	AUX
fsr-3728	100	4	be	be	AUX
fsr-3728	100	5	used	use	VERB
fsr-3728	100	6	in	in	ADP
fsr-3728	100	7	planning	plan	VERB
fsr-3728	100	8	a	a	DET
fsr-3728	100	9	retirement	retirement	NOUN
fsr-3728	100	10	savings	saving	NOUN
fsr-3728	100	11	program	program	NOUN
fsr-3728	100	12	when	when	SCONJ
fsr-3728	100	13	the	the	DET
fsr-3728	100	14	investor	investor	NOUN
fsr-3728	100	15	is	be	AUX
fsr-3728	100	16	interested	interested	ADJ
fsr-3728	100	17	in	in	ADP
fsr-3728	100	18	a	a	DET
fsr-3728	100	19	return	return	NOUN
fsr-3728	100	20	net	net	NOUN
fsr-3728	100	21	of	of	ADP
fsr-3728	100	22	all	all	DET
fsr-3728	100	23	taxes	taxis	NOUN
fsr-3728	100	24	.	.	PUNCT
fsr-3728	101	1	to	to	PART
fsr-3728	101	2	compute	compute	VERB
fsr-3728	101	3	the	the	DET
fsr-3728	101	4	rate	rate	NOUN
fsr-3728	101	5	of	of	ADP
fsr-3728	101	6	wealth	wealth	NOUN
fsr-3728	101	7	accumulation	accumulation	NOUN
fsr-3728	101	8	(	(	PUNCT
fsr-3728	101	9	rwa	rwa	PROPN
fsr-3728	101	10	)	)	PUNCT
fsr-3728	101	11	,	,	PUNCT
fsr-3728	101	12	taxes	taxis	NOUN
fsr-3728	101	13	are	be	AUX
fsr-3728	101	14	paid	pay	VERB
fsr-3728	101	15	on	on	ADP
fsr-3728	101	16	each	each	DET
fsr-3728	101	17	annual	annual	ADJ
fsr-3728	101	18	distribution	distribution	NOUN
fsr-3728	101	19	,	,	PUNCT
fsr-3728	101	20	the	the	DET
fsr-3728	101	21	proceeds	proceed	NOUN
fsr-3728	101	22	are	be	AUX
fsr-3728	101	23	reinvested	reinveste	VERB
fsr-3728	101	24	,	,	PUNCT
fsr-3728	101	25	but	but	CCONJ
fsr-3728	101	26	the	the	DET
fsr-3728	101	27	investment	investment	NOUN
fsr-3728	101	28	is	be	AUX
fsr-3728	101	29	not	not	PART
fsr-3728	101	30	sold	sell	VERB
fsr-3728	101	31	.	.	PUNCT
fsr-3728	102	1	an	an	DET
fsr-3728	102	2	investor	investor	NOUN
fsr-3728	102	3	accumulating	accumulate	VERB
fsr-3728	102	4	wealth	wealth	NOUN
fsr-3728	102	5	for	for	ADP
fsr-3728	102	6	estate	estate	NOUN
fsr-3728	102	7	purposes	purpose	NOUN
fsr-3728	102	8	would	would	AUX
fsr-3728	102	9	use	use	VERB
fsr-3728	102	10	this	this	DET
fsr-3728	102	11	computation	computation	NOUN
fsr-3728	102	12	since	since	SCONJ
fsr-3728	102	13	there	there	PRON
fsr-3728	102	14	is	be	VERB
fsr-3728	102	15	no	no	DET
fsr-3728	102	16	capital	capital	NOUN
fsr-3728	102	17	gains	gain	NOUN
fsr-3728	102	18	tax	tax	NOUN
fsr-3728	102	19	liability	liability	NOUN
fsr-3728	102	20	for	for	ADP
fsr-3728	102	21	the	the	DET
fsr-3728	102	22	beneficiaries	beneficiary	NOUN
fsr-3728	102	23	.	.	PUNCT
fsr-3728	103	1	the	the	DET
fsr-3728	103	2	rwa	rwa	PROPN
fsr-3728	103	3	is	be	AUX
fsr-3728	103	4	also	also	ADV
fsr-3728	103	5	useful	useful	ADJ
fsr-3728	103	6	for	for	ADP
fsr-3728	103	7	retirement	retirement	NOUN
fsr-3728	103	8	planning	planning	NOUN
fsr-3728	103	9	since	since	SCONJ
fsr-3728	103	10	most	most	ADJ
fsr-3728	103	11	investors	investor	NOUN
fsr-3728	103	12	plan	plan	VERB
fsr-3728	103	13	in	in	ADP
fsr-3728	103	14	terms	term	NOUN
fsr-3728	103	15	of	of	ADP
fsr-3728	103	16	accumulating	accumulate	VERB
fsr-3728	103	17	a	a	DET
fsr-3728	103	18	target	target	NOUN
fsr-3728	103	19	amount	amount	NOUN
fsr-3728	103	20	of	of	ADP
fsr-3728	103	21	wealth	wealth	NOUN
fsr-3728	103	22	which	which	PRON
fsr-3728	103	23	will	will	AUX
fsr-3728	103	24	generate	generate	VERB
fsr-3728	103	25	income	income	NOUN
fsr-3728	103	26	in	in	ADP
fsr-3728	103	27	their	their	PRON
fsr-3728	103	28	retirement	retirement	NOUN
fsr-3728	103	29	years	year	NOUN
fsr-3728	103	30	.	.	PUNCT
fsr-3728	104	1	if	if	SCONJ
fsr-3728	104	2	a	a	DET
fsr-3728	104	3	fund	fund	NOUN
fsr-3728	104	4	’s	’s	PART
fsr-3728	104	5	annual	annual	ADJ
fsr-3728	104	6	effective	effective	ADJ
fsr-3728	104	7	turnover	turnover	NOUN
fsr-3728	104	8	rate	rate	NOUN
fsr-3728	104	9	is	be	AUX
fsr-3728	104	10	100	100	NUM
fsr-3728	104	11	percent	percent	NOUN
fsr-3728	104	12	,	,	PUNCT
fsr-3728	104	13	there	there	PRON
fsr-3728	104	14	are	be	VERB
fsr-3728	104	15	no	no	DET
fsr-3728	104	16	unrealized	unrealized	ADJ
fsr-3728	104	17	capital	capital	NOUN
fsr-3728	104	18	gains	gain	NOUN
fsr-3728	104	19	and	and	CCONJ
fsr-3728	104	20	these	these	DET
fsr-3728	104	21	two	two	NUM
fsr-3728	104	22	rates	rate	NOUN
fsr-3728	104	23	will	will	AUX
fsr-3728	104	24	be	be	AUX
fsr-3728	104	25	equal	equal	ADJ
fsr-3728	104	26	and	and	CCONJ
fsr-3728	104	27	can	can	AUX
fsr-3728	104	28	be	be	AUX
fsr-3728	104	29	computed	compute	VERB
fsr-3728	104	30	by	by	ADP
fsr-3728	104	31	multiplying	multiply	VERB
fsr-3728	104	32	total	total	ADJ
fsr-3728	104	33	return	return	NOUN
fsr-3728	104	34	by	by	ADP
fsr-3728	104	35	one	one	NUM
fsr-3728	104	36	minus	minus	ADP
fsr-3728	104	37	the	the	DET
fsr-3728	104	38	tax	tax	NOUN
fsr-3728	104	39	rate	rate	NOUN
fsr-3728	104	40	.	.	PUNCT
fsr-3728	105	1	since	since	SCONJ
fsr-3728	105	2	reinvestment	reinvestment	NOUN
fsr-3728	105	3	of	of	ADP
fsr-3728	105	4	the	the	DET
fsr-3728	105	5	after	after	ADP
fsr-3728	105	6	-	-	PUNCT
fsr-3728	105	7	tax	tax	NOUN
fsr-3728	105	8	proceeds	proceed	NOUN
fsr-3728	105	9	of	of	ADP
fsr-3728	105	10	the	the	DET
fsr-3728	105	11	distributions	distribution	NOUN
fsr-3728	105	12	changes	change	VERB
fsr-3728	105	13	the	the	DET
fsr-3728	105	14	basis	basis	NOUN
fsr-3728	105	15	for	for	ADP
fsr-3728	105	16	the	the	DET
fsr-3728	105	17	investment	investment	NOUN
fsr-3728	105	18	,	,	PUNCT
fsr-3728	105	19	all	all	DET
fsr-3728	105	20	other	other	ADJ
fsr-3728	105	21	solutions	solution	NOUN
fsr-3728	105	22	for	for	ADP
fsr-3728	105	23	atr	atr	NOUN
fsr-3728	105	24	or	or	CCONJ
fsr-3728	105	25	rwa	rwa	PROPN
fsr-3728	105	26	must	must	AUX
fsr-3728	105	27	be	be	AUX
fsr-3728	105	28	computed	compute	VERB
fsr-3728	105	29	taking	take	VERB
fsr-3728	105	30	each	each	DET
fsr-3728	105	31	year	year	NOUN
fsr-3728	105	32	of	of	ADP
fsr-3728	105	33	the	the	DET
fsr-3728	105	34	investment	investment	NOUN
fsr-3728	105	35	process	process	NOUN
fsr-3728	105	36	into	into	ADP
fsr-3728	105	37	consideration	consideration	NOUN
fsr-3728	105	38	.	.	PUNCT
fsr-3728	106	1	based	base	VERB
fsr-3728	106	2	on	on	ADP
fsr-3728	106	3	the	the	DET
fsr-3728	106	4	high	high	ADJ
fsr-3728	106	5	-	-	PUNCT
fsr-3728	106	6	return	return	NOUN
fsr-3728	106	7	/	/	SYM
fsr-3728	106	8	low	low	ADJ
fsr-3728	106	9	-	-	PUNCT
fsr-3728	106	10	yield	yield	NOUN
fsr-3728	106	11	and	and	CCONJ
fsr-3728	106	12	low	low	ADJ
fsr-3728	106	13	-	-	PUNCT
fsr-3728	106	14	return	return	NOUN
fsr-3728	106	15	/	/	SYM
fsr-3728	106	16	high	high	ADJ
fsr-3728	106	17	-	-	PUNCT
fsr-3728	106	18	yield	yield	NOUN
fsr-3728	106	19	relationship	relationship	NOUN
fsr-3728	106	20	that	that	PRON
fsr-3728	106	21	is	be	AUX
fsr-3728	106	22	normally	normally	ADV
fsr-3728	106	23	found	find	VERB
fsr-3728	106	24	in	in	ADP
fsr-3728	106	25	the	the	DET
fsr-3728	106	26	market	market	NOUN
fsr-3728	106	27	,	,	PUNCT
fsr-3728	106	28	the	the	DET
fsr-3728	106	29	following	follow	VERB
fsr-3728	106	30	returns	return	NOUN
fsr-3728	106	31	were	be	AUX
fsr-3728	106	32	constructed	construct	VERB
fsr-3728	106	33	for	for	ADP
fsr-3728	106	34	the	the	DET
fsr-3728	106	35	major	major	ADJ
fsr-3728	106	36	mutual	mutual	ADJ
fsr-3728	106	37	fund	fund	NOUN
fsr-3728	106	38	investment	investment	NOUN
fsr-3728	106	39	objectives	objective	NOUN
fsr-3728	106	40	:	:	PUNCT
fsr-3728	106	41	ajler	ajler	ADJ
fsr-3728	106	42	-	-	PUNCT
fsr-3728	106	43	tax	tax	NOUN
fsr-3728	106	44	mutual	mutual	ADJ
fsr-3728	106	45	fund	fund	NOUN
fsr-3728	106	46	returns	return	VERB
fsr-3728	106	47	131	131	NUM
fsr-3728	106	48	fund	fund	NOUN
fsr-3728	106	49	objective	objective	ADJ
fsr-3728	106	50	total	total	ADJ
fsr-3728	106	51	return	return	NOUN
fsr-3728	106	52	yield	yield	NOUN
fsr-3728	106	53	component	component	NOUN
fsr-3728	106	54	capital	capital	NOUN
fsr-3728	106	55	gains	gain	NOUN
fsr-3728	106	56	component	component	NOUN
fsr-3728	106	57	aggressive	aggressive	ADJ
fsr-3728	106	58	growth	growth	NOUN
fsr-3728	106	59	growth	growth	NOUN
fsr-3728	106	60	growth	growth	NOUN
fsr-3728	106	61	sk	sk	ADP
fsr-3728	106	62	income	income	NOUN
fsr-3728	106	63	balanced	balanced	ADJ
fsr-3728	106	64	taxable	taxable	ADJ
fsr-3728	106	65	bond	bond	NOUN
fsr-3728	106	66	municipal	municipal	ADJ
fsr-3728	106	67	bond	bond	NOUN
fsr-3728	106	68	12	12	NUM
fsr-3728	106	69	%	%	NOUN
fsr-3728	106	70	1	1	NUM
fsr-3728	106	71	%	%	NOUN
fsr-3728	106	72	11	11	NUM
fsr-3728	106	73	%	%	NOUN
fsr-3728	106	74	11	11	NUM
fsr-3728	106	75	%	%	NOUN
fsr-3728	106	76	2	2	NUM
fsr-3728	106	77	%	%	NOUN
fsr-3728	106	78	9	9	NUM
fsr-3728	106	79	%	%	NOUN
fsr-3728	106	80	10	10	NUM
fsr-3728	106	81	%	%	NOUN
fsr-3728	106	82	4	4	NUM
fsr-3728	106	83	%	%	NOUN
fsr-3728	106	84	6	6	NUM
fsr-3728	106	85	%	%	NOUN
fsr-3728	106	86	9	9	NUM
fsr-3728	106	87	%	%	NOUN
fsr-3728	106	88	5	5	NUM
fsr-3728	106	89	%	%	NOUN
fsr-3728	106	90	4	4	NUM
fsr-3728	106	91	%	%	NOUN
fsr-3728	106	92	7	7	NUM
fsr-3728	106	93	%	%	NOUN
fsr-3728	106	94	7	7	NUM
fsr-3728	106	95	%	%	NOUN
fsr-3728	106	96	0	0	NUM
fsr-3728	106	97	%	%	NOUN
fsr-3728	106	98	5	5	NUM
fsr-3728	106	99	%	%	NOUN
fsr-3728	106	100	5	5	NUM
fsr-3728	106	101	%	%	NOUN
fsr-3728	106	102	0	0	NUM
fsr-3728	106	103	%	%	NOUN
fsr-3728	106	104	these	these	DET
fsr-3728	106	105	hypothetical	hypothetical	ADJ
fsr-3728	106	106	returns	return	NOUN
fsr-3728	106	107	and	and	CCONJ
fsr-3728	106	108	yields	yield	NOUN
fsr-3728	106	109	are	be	AUX
fsr-3728	106	110	meant	mean	VERB
fsr-3728	106	111	to	to	PART
fsr-3728	106	112	approximate	approximate	VERB
fsr-3728	106	113	long	long	ADJ
fsr-3728	106	114	-	-	PUNCT
fsr-3728	106	115	term	term	NOUN
fsr-3728	106	116	market	market	NOUN
fsr-3728	106	117	conditions	condition	NOUN
fsr-3728	106	118	.	.	PUNCT
fsr-3728	107	1	table	table	NOUN
fsr-3728	107	2	1	1	NUM
fsr-3728	107	3	presents	present	VERB
fsr-3728	107	4	the	the	DET
fsr-3728	107	5	computations	computation	NOUN
fsr-3728	107	6	of	of	ADP
fsr-3728	107	7	atr	atr	PROPN
fsr-3728	107	8	and	and	CCONJ
fsr-3728	107	9	rwa	rwa	PROPN
fsr-3728	107	10	for	for	ADP
fsr-3728	107	11	the	the	DET
fsr-3728	107	12	above	above	ADJ
fsr-3728	107	13	investment	investment	NOUN
fsr-3728	107	14	objectives	objective	NOUN
fsr-3728	107	15	in	in	ADP
fsr-3728	107	16	a	a	DET
fsr-3728	107	17	taxable	taxable	ADJ
fsr-3728	107	18	mutual	mutual	ADJ
fsr-3728	107	19	fund	fund	NOUN
fsr-3728	107	20	and	and	CCONJ
fsr-3728	107	21	for	for	ADP
fsr-3728	107	22	the	the	DET
fsr-3728	107	23	two	two	NUM
fsr-3728	107	24	tax	tax	NOUN
fsr-3728	107	25	-	-	PUNCT
fsr-3728	107	26	deferred	defer	VERB
fsr-3728	107	27	plans	plan	NOUN
fsr-3728	107	28	.	.	PUNCT
fsr-3728	108	1	the	the	DET
fsr-3728	108	2	two	two	NUM
fsr-3728	108	3	tax	tax	NOUN
fsr-3728	108	4	-	-	PUNCT
fsr-3728	108	5	deferred	defer	VERB
fsr-3728	108	6	plans	plan	NOUN
fsr-3728	108	7	will	will	AUX
fsr-3728	108	8	be	be	AUX
fsr-3728	108	9	discussed	discuss	VERB
fsr-3728	108	10	in	in	ADP
fsr-3728	108	11	the	the	DET
fsr-3728	108	12	next	next	ADJ
fsr-3728	108	13	section	section	NOUN
fsr-3728	108	14	.	.	PUNCT
fsr-3728	109	1	for	for	ADP
fsr-3728	109	2	the	the	DET
fsr-3728	109	3	taxable	taxable	ADJ
fsr-3728	109	4	account	account	NOUN
fsr-3728	109	5	,	,	PUNCT
fsr-3728	109	6	the	the	DET
fsr-3728	109	7	after	after	ADP
fsr-3728	109	8	-	-	PUNCT
fsr-3728	109	9	tax	tax	NOUN
fsr-3728	109	10	returns	return	NOUN
fsr-3728	109	11	are	be	AUX
fsr-3728	109	12	computed	compute	VERB
fsr-3728	109	13	at	at	ADP
fsr-3728	109	14	various	various	ADJ
fsr-3728	109	15	rates	rate	NOUN
fsr-3728	109	16	of	of	ADP
fsr-3728	109	17	effective	effective	ADJ
fsr-3728	109	18	turnover	turnover	NOUN
fsr-3728	109	19	.	.	PUNCT
fsr-3728	110	1	under	under	ADP
fsr-3728	110	2	the	the	DET
fsr-3728	110	3	aggressive	aggressive	ADJ
fsr-3728	110	4	growth	growth	NOUN
fsr-3728	110	5	objective	objective	NOUN
fsr-3728	110	6	at	at	ADP
fsr-3728	110	7	100	100	NUM
fsr-3728	110	8	percent	percent	NOUN
fsr-3728	110	9	turnover	turnover	NOUN
fsr-3728	110	10	the	the	DET
fsr-3728	110	11	atr	atr	NOUN
fsr-3728	110	12	and	and	CCONJ
fsr-3728	110	13	rwa	rwa	PROPN
fsr-3728	110	14	are	be	AUX
fsr-3728	110	15	both	both	PRON
fsr-3728	110	16	7.80	7.80	NUM
fsr-3728	110	17	percent	percent	NOUN
fsr-3728	110	18	.	.	PUNCT
fsr-3728	111	1	this	this	PRON
fsr-3728	111	2	is	be	AUX
fsr-3728	111	3	equal	equal	ADJ
fsr-3728	111	4	to	to	ADP
fsr-3728	111	5	the	the	DET
fsr-3728	111	6	total	total	ADJ
fsr-3728	111	7	return	return	NOUN
fsr-3728	111	8	of	of	ADP
fsr-3728	111	9	12	12	NUM
fsr-3728	111	10	percent	percent	NOUN
fsr-3728	111	11	times	time	NOUN
fsr-3728	111	12	one	one	NUM
fsr-3728	111	13	minus	minus	ADP
fsr-3728	111	14	the	the	DET
fsr-3728	111	15	tax	tax	NOUN
fsr-3728	111	16	rate	rate	NOUN
fsr-3728	111	17	[	[	X
fsr-3728	111	18	12%*(1	12%*(1	NUM
fsr-3728	111	19	.35	.35	NUM
fsr-3728	111	20	)	)	PUNCT
fsr-3728	111	21	=	=	PUNCT
fsr-3728	111	22	7.80	7.80	NUM
fsr-3728	111	23	%	%	NOUN
fsr-3728	111	24	]	]	PUNCT
fsr-3728	111	25	.	.	PUNCT
fsr-3728	112	1	as	as	SCONJ
fsr-3728	112	2	the	the	DET
fsr-3728	112	3	rate	rate	NOUN
fsr-3728	112	4	of	of	ADP
fsr-3728	112	5	turnover	turnover	NOUN
fsr-3728	112	6	decreases	decrease	VERB
fsr-3728	112	7	,	,	PUNCT
fsr-3728	112	8	the	the	DET
fsr-3728	112	9	atr	atr	NOUN
fsr-3728	112	10	and	and	CCONJ
fsr-3728	112	11	rwa	rwa	PROPN
fsr-3728	112	12	both	both	DET
fsr-3728	112	13	increase	increase	VERB
fsr-3728	112	14	,	,	PUNCT
fsr-3728	112	15	with	with	ADP
fsr-3728	112	16	rwa	rwa	PROPN
fsr-3728	112	17	growing	grow	VERB
fsr-3728	112	18	at	at	ADP
fsr-3728	112	19	a	a	DET
fsr-3728	112	20	faster	fast	ADJ
fsr-3728	112	21	rate	rate	NOUN
fsr-3728	112	22	since	since	SCONJ
fsr-3728	112	23	the	the	DET
fsr-3728	112	24	final	final	ADJ
fsr-3728	112	25	tax	tax	NOUN
fsr-3728	112	26	bite	bite	NOUN
fsr-3728	112	27	is	be	AUX
fsr-3728	112	28	not	not	PART
fsr-3728	112	29	taken	take	VERB
fsr-3728	112	30	.	.	PUNCT
fsr-3728	113	1	the	the	DET
fsr-3728	113	2	four	four	NUM
fsr-3728	113	3	fund	fund	NOUN
fsr-3728	113	4	categories	category	NOUN
fsr-3728	113	5	which	which	PRON
fsr-3728	113	6	invest	invest	VERB
fsr-3728	113	7	in	in	ADP
fsr-3728	113	8	stocks	stock	NOUN
fsr-3728	113	9	behave	behave	VERB
fsr-3728	113	10	in	in	ADP
fsr-3728	113	11	a	a	DET
fsr-3728	113	12	similar	similar	ADJ
fsr-3728	113	13	manner	manner	NOUN
fsr-3728	113	14	,	,	PUNCT
fsr-3728	113	15	with	with	ADP
fsr-3728	113	16	the	the	DET
fsr-3728	113	17	riskier	risky	ADJ
fsr-3728	113	18	funds	fund	NOUN
fsr-3728	113	19	having	have	VERB
fsr-3728	113	20	the	the	DET
fsr-3728	113	21	higher	high	ADJ
fsr-3728	113	22	returns	return	NOUN
fsr-3728	113	23	at	at	ADP
fsr-3728	113	24	any	any	DET
fsr-3728	113	25	turnover	turnover	NOUN
fsr-3728	113	26	rate	rate	NOUN
fsr-3728	113	27	.	.	PUNCT
fsr-3728	114	1	the	the	DET
fsr-3728	114	2	two	two	NUM
fsr-3728	114	3	bond	bond	NOUN
fsr-3728	114	4	objectives	objective	NOUN
fsr-3728	114	5	are	be	AUX
fsr-3728	114	6	not	not	PART
fsr-3728	114	7	affected	affect	VERB
fsr-3728	114	8	by	by	ADP
fsr-3728	114	9	turnover	turnover	NOUN
fsr-3728	114	10	since	since	SCONJ
fsr-3728	114	11	capital	capital	NOUN
fsr-3728	114	12	gains	gain	NOUN
fsr-3728	114	13	are	be	AUX
fsr-3728	114	14	not	not	PART
fsr-3728	114	15	considered	consider	VERB
fsr-3728	114	16	to	to	PART
fsr-3728	114	17	be	be	AUX
fsr-3728	114	18	part	part	NOUN
fsr-3728	114	19	of	of	ADP
fsr-3728	114	20	their	their	PRON
fsr-3728	114	21	total	total	ADJ
fsr-3728	114	22	return	return	NOUN
fsr-3728	114	23	.	.	PUNCT
fsr-3728	115	1	the	the	DET
fsr-3728	115	2	taxable	taxable	ADJ
fsr-3728	115	3	and	and	CCONJ
fsr-3728	115	4	tax	tax	NOUN
fsr-3728	115	5	exempt	exempt	ADJ
fsr-3728	115	6	bond	bond	NOUN
fsr-3728	115	7	funds	fund	NOUN
fsr-3728	115	8	have	have	VERB
fsr-3728	115	9	an	an	DET
fsr-3728	115	10	assumed	assumed	ADJ
fsr-3728	115	11	two	two	NUM
fsr-3728	115	12	percent	percent	NOUN
fsr-3728	115	13	difference	difference	NOUN
fsr-3728	115	14	in	in	ADP
fsr-3728	115	15	yield	yield	NOUN
fsr-3728	115	16	which	which	PRON
fsr-3728	115	17	causes	cause	VERB
fsr-3728	115	18	the	the	DET
fsr-3728	115	19	tax	tax	NOUN
fsr-3728	115	20	exempt	exempt	ADJ
fsr-3728	115	21	bond	bond	NOUN
fsr-3728	115	22	fund	fund	NOUN
fsr-3728	115	23	to	to	PART
fsr-3728	115	24	have	have	VERB
fsr-3728	115	25	the	the	DET
fsr-3728	115	26	higher	high	ADJ
fsr-3728	115	27	after	after	ADP
fsr-3728	115	28	-	-	PUNCT
fsr-3728	115	29	tax	tax	NOUN
fsr-3728	115	30	return	return	NOUN
fsr-3728	115	31	at	at	ADP
fsr-3728	115	32	the	the	DET
fsr-3728	115	33	assumed	assumed	ADJ
fsr-3728	115	34	35	35	NUM
fsr-3728	115	35	percent	percent	NOUN
fsr-3728	115	36	tax	tax	NOUN
fsr-3728	115	37	rate	rate	NOUN
fsr-3728	115	38	.	.	PUNCT
fsr-3728	116	1	now	now	ADV
fsr-3728	116	2	analyze	analyze	VERB
fsr-3728	116	3	table	table	NOUN
fsr-3728	116	4	1	1	NUM
fsr-3728	116	5	from	from	ADP
fsr-3728	116	6	the	the	DET
fsr-3728	116	7	point	point	NOUN
fsr-3728	116	8	of	of	ADP
fsr-3728	116	9	view	view	NOUN
fsr-3728	116	10	of	of	ADP
fsr-3728	116	11	an	an	DET
fsr-3728	116	12	investor	investor	NOUN
fsr-3728	116	13	selecting	select	VERB
fsr-3728	116	14	from	from	ADP
fsr-3728	116	15	almost	almost	ADV
fsr-3728	116	16	identical	identical	ADJ
fsr-3728	116	17	growth	growth	NOUN
fsr-3728	116	18	funds	fund	NOUN
fsr-3728	116	19	.	.	PUNCT
fsr-3728	117	1	both	both	DET
fsr-3728	117	2	funds	fund	NOUN
fsr-3728	117	3	have	have	VERB
fsr-3728	117	4	a	a	DET
fsr-3728	117	5	total	total	ADJ
fsr-3728	117	6	return	return	NOUN
fsr-3728	117	7	of	of	ADP
fsr-3728	117	8	11	11	NUM
fsr-3728	117	9	percent	percent	NOUN
fsr-3728	117	10	and	and	CCONJ
fsr-3728	117	11	a	a	DET
fsr-3728	117	12	dividend	dividend	NOUN
fsr-3728	117	13	yield	yield	NOUN
fsr-3728	117	14	of	of	ADP
fsr-3728	117	15	‘	'	PUNCT
fsr-3728	117	16	soox	soox	ADJ
fsr-3728	117	17	i	i	PRON
fsr-3728	117	18	0.00	0.00	NUM
fsr-3728	117	19	%	%	NOUN
fsr-3728	117	20	20.00	20.00	NUM
fsr-3728	117	21	%	%	NOUN
fsr-3728	117	22	40.00	40.00	NUM
fsr-3728	117	23	%	%	NOUN
fsr-3728	117	24	60.00	60.00	NUM
fsr-3728	117	25	%	%	NOUN
fsr-3728	117	26	bo.oox	bo.oox	PROPN
fsr-3728	117	27	100.00	100.00	NUM
fsr-3728	117	28	%	%	NOUN
fsr-3728	117	29	turnover	turnover	NOUN
fsr-3728	117	30	0	0	NUM
fsr-3728	117	31	tax	tax	NOUN
fsr-3728	117	32	-	-	PUNCT
fsr-3728	117	33	exempt	exempt	ADJ
fsr-3728	117	34	+	+	CCONJ
fsr-3728	117	35	taxable	taxable	ADJ
fsr-3728	117	36	bond	bond	NOUN
fsr-3728	117	37	0	0	NUM
fsr-3728	117	38	balanced	balance	VERB
fsr-3728	117	39	a	a	DET
fsr-3728	117	40	growth	growth	NOUN
fsr-3728	117	41	&	&	CCONJ
fsr-3728	117	42	income	income	NOUN
fsr-3728	117	43	x	x	PUNCT
fsr-3728	117	44	growth	growth	NOUN
fsr-3728	117	45	v	v	ADP
fsr-3728	117	46	aggressive	aggressive	ADJ
fsr-3728	117	47	growth	growth	NOUN
fsr-3728	117	48	figure	figure	NOUN
fsr-3728	117	49	1	1	NUM
fsr-3728	117	50	.	.	PUNCT
fsr-3728	117	51	rate	rate	NOUN
fsr-3728	117	52	of	of	ADP
fsr-3728	117	53	wealth	wealth	NOUN
fsr-3728	117	54	accumulation	accumulation	NOUN
fsr-3728	117	55	132	132	NUM
fsr-3728	117	56	financial	financial	ADJ
fsr-3728	117	57	services	service	NOUN
fsr-3728	117	58	review	review	NOUN
fsr-3728	117	59	,	,	PUNCT
fsr-3728	117	60	3(2	3(2	NUM
fsr-3728	117	61	)	)	PUNCT
fsr-3728	117	62	1994	1994	NUM
fsr-3728	117	63	table	table	NOUN
fsr-3728	117	64	1	1	NUM
fsr-3728	117	65	.	.	PUNCT
fsr-3728	117	66	after	after	ADP
fsr-3728	117	67	-	-	PUNCT
fsr-3728	117	68	tax	tax	NOUN
fsr-3728	117	69	returns	return	NOUN
fsr-3728	117	70	of	of	ADP
fsr-3728	117	71	selected	select	VERB
fsr-3728	117	72	investment	investment	NOUN
fsr-3728	117	73	objectives	objective	NOUN
fsr-3728	117	74	objective	objective	ADJ
fsr-3728	117	75	aggressive	aggressive	ADJ
fsr-3728	117	76	growth	growth	NOUN
fsr-3728	117	77	growth	growth	NOUN
fsr-3728	117	78	growth	growth	NOUN
fsr-3728	117	79	&	&	CCONJ
fsr-3728	117	80	income	income	NOUN
fsr-3728	117	81	type	type	NOUN
fsr-3728	117	82	of	of	ADP
fsr-3728	117	83	plan	plan	NOUN
fsr-3728	117	84	atr	atr	NOUN
fsr-3728	117	85	taxable	taxable	ADJ
fsr-3728	117	86	with	with	ADP
fsr-3728	117	87	turnover	turnover	NOUN
fsr-3728	117	88	of	of	ADP
fsr-3728	117	89	:	:	PUNCT
fsr-3728	117	90	100	100	NUM
fsr-3728	117	91	%	%	NOUN
fsr-3728	117	92	7.80	7.80	NUM
fsr-3728	117	93	%	%	NOUN
fsr-3728	117	94	50	50	NUM
fsr-3728	117	95	%	%	NOUN
fsr-3728	117	96	7.95	7.95	NUM
fsr-3728	117	97	%	%	NOUN
fsr-3728	117	98	40	40	NUM
fsr-3728	117	99	%	%	NOUN
fsr-3728	117	100	8.03	8.03	NUM
fsr-3728	117	101	%	%	NOUN
fsr-3728	117	102	30	30	NUM
fsr-3728	117	103	%	%	NOUN
fsr-3728	117	104	8.16	8.16	NUM
fsr-3728	117	105	%	%	NOUN
fsr-3728	117	106	25	25	NUM
fsr-3728	117	107	%	%	NOUN
fsr-3728	117	108	8.27	8.27	NUM
fsr-3728	117	109	%	%	NOUN
fsr-3728	117	110	20	20	NUM
fsr-3728	117	111	%	%	NOUN
fsr-3728	117	112	8.41	8.41	NUM
fsr-3728	117	113	%	%	NOUN
fsr-3728	117	114	15	15	NUM
fsr-3728	117	115	%	%	NOUN
fsr-3728	117	116	8.61	8.61	NUM
fsr-3728	117	117	%	%	NOUN
fsr-3728	117	118	10	10	NUM
fsr-3728	117	119	%	%	NOUN
fsr-3728	117	120	8.88	8.88	NUM
fsr-3728	117	121	%	%	NOUN
fsr-3728	117	122	5	5	NUM
fsr-3728	117	123	%	%	NOUN
fsr-3728	117	124	9.25	9.25	NUM
fsr-3728	117	125	%	%	NOUN
fsr-3728	117	126	0	0	NUM
fsr-3728	117	127	%	%	NOUN
fsr-3728	117	128	9.72	9.72	NUM
fsr-3728	117	129	%	%	NOUN
fsr-3728	117	130	tax	tax	NOUN
fsr-3728	117	131	-	-	PUNCT
fsr-3728	117	132	deferred	defer	VERB
fsr-3728	117	133	:	:	PUNCT
fsr-3728	117	134	vap	vap	NOUN
fsr-3728	117	135	8.99	8.99	NUM
fsr-3728	117	136	%	%	NOUN
fsr-3728	117	137	ira	ira	PROPN
fsr-3728	117	138	9.91	9.91	NUM
fsr-3728	117	139	%	%	NOUN
fsr-3728	117	140	rwa	rwa	PROPN
fsr-3728	117	141	7.80	7.80	NUM
fsr-3728	117	142	%	%	NOUN
fsr-3728	117	143	8.01	8.01	NUM
fsr-3728	117	144	%	%	NOUN
fsr-3728	117	145	8.12	8.12	NUM
fsr-3728	117	146	%	%	NOUN
fsr-3728	117	147	8.32	8.32	NUM
fsr-3728	117	148	%	%	NOUN
fsr-3728	117	149	8.50	8.50	NUM
fsr-3728	117	150	%	%	NOUN
fsr-3728	117	151	8.76	8.76	NUM
fsr-3728	117	152	%	%	NOUN
fsr-3728	117	153	9.16	9.16	NUM
fsr-3728	117	154	%	%	NOUN
fsr-3728	117	155	9.76	9.76	NUM
fsr-3728	117	156	%	%	NOUN
fsr-3728	117	157	10.59	10.59	NUM
fsr-3728	117	158	%	%	NOUN
fsr-3728	117	159	11.65	11.65	NUM
fsr-3728	117	160	%	%	NOUN
fsr-3728	117	161	11.00	11.00	NUM
fsr-3728	117	162	%	%	NOUN
fsr-3728	117	163	12.00	12.00	NUM
fsr-3728	117	164	%	%	NOUN
fsr-3728	117	165	atr	atr	PROPN
fsr-3728	117	166	rwa	rwa	PROPN
fsr-3728	117	167	atr	atr	NOUN
fsr-3728	117	168	rwa	rwa	PROPN
fsr-3728	117	169	7.15	7.15	NUM
fsr-3728	117	170	%	%	NOUN
fsr-3728	117	171	7.15	7.15	NUM
fsr-3728	117	172	%	%	NOUN
fsr-3728	117	173	7.27	7.27	NUM
fsr-3728	117	174	%	%	NOUN
fsr-3728	117	175	7.32	7.32	NUM
fsr-3728	117	176	%	%	NOUN
fsr-3728	117	177	7.33	7.33	NUM
fsr-3728	117	178	%	%	NOUN
fsr-3728	117	179	7.41	7.41	NUM
fsr-3728	117	180	%	%	NOUN
fsr-3728	117	181	7.43	7.43	NUM
fsr-3728	117	182	%	%	NOUN
fsr-3728	117	183	7.57	7.57	NUM
fsr-3728	117	184	%	%	NOUN
fsr-3728	117	185	7.50	7.50	NUM
fsr-3728	117	186	%	%	NOUN
fsr-3728	117	187	7.70	7.70	NUM
fsr-3728	117	188	%	%	NOUN
fsr-3728	117	189	7.61	7.61	NUM
fsr-3728	117	190	%	%	NOUN
fsr-3728	117	191	7.90	7.90	NUM
fsr-3728	117	192	%	%	NOUN
fsr-3728	117	193	7.76	7.76	NUM
fsr-3728	117	194	%	%	NOUN
fsr-3728	117	195	8.21	8.21	NUM
fsr-3728	117	196	%	%	NOUN
fsr-3728	117	197	7.97	7.97	NUM
fsr-3728	117	198	%	%	NOUN
fsr-3728	117	199	8.69	8.69	NUM
fsr-3728	117	200	%	%	NOUN
fsr-3728	117	201	8.25	8.25	NUM
fsr-3728	117	202	%	%	NOUN
fsr-3728	117	203	9.38	9.38	NUM
fsr-3728	117	204	%	%	NOUN
fsr-3728	117	205	8.63	8.63	NUM
fsr-3728	117	206	%	%	NOUN
fsr-3728	117	207	10.30	10.30	NUM
fsr-3728	117	208	%	%	NOUN
fsr-3728	117	209	8.07	8.07	NUM
fsr-3728	117	210	%	%	NOUN
fsr-3728	117	211	10.00	10.00	NUM
fsr-3728	117	212	%	%	NOUN
fsr-3728	117	213	8.99	8.99	NUM
fsr-3728	117	214	%	%	NOUN
fsr-3728	117	215	11.00	11.00	NUM
fsr-3728	117	216	%	%	NOUN
fsr-3728	117	217	objective	objective	NOUN
fsr-3728	117	218	6.50	6.50	NUM
fsr-3728	117	219	%	%	NOUN
fsr-3728	117	220	6.50	6.50	NUM
fsr-3728	117	221	%	%	NOUN
fsr-3728	117	222	6.57	6.57	NUM
fsr-3728	117	223	%	%	NOUN
fsr-3728	117	224	6.61	6.61	NUM
fsr-3728	117	225	%	%	NOUN
fsr-3728	117	226	6.61	6.61	NUM
fsr-3728	117	227	%	%	NOUN
fsr-3728	117	228	6.67	6.67	NUM
fsr-3728	117	229	%	%	NOUN
fsr-3728	117	230	6.67	6.67	NUM
fsr-3728	117	231	%	%	NOUN
fsr-3728	117	232	6.77	6.77	NUM
fsr-3728	117	233	%	%	NOUN
fsr-3728	117	234	6.71	6.71	NUM
fsr-3728	117	235	%	%	NOUN
fsr-3728	117	236	6.85	6.85	NUM
fsr-3728	117	237	%	%	NOUN
fsr-3728	117	238	6.78	6.78	NUM
fsr-3728	117	239	%	%	NOUN
fsr-3728	117	240	6.97	6.97	NUM
fsr-3728	117	241	%	%	NOUN
fsr-3728	117	242	6.86	6.86	NUM
fsr-3728	117	243	%	%	NOUN
fsr-3728	117	244	7.16	7.16	NUM
fsr-3728	117	245	%	%	NOUN
fsr-3728	117	246	6.99	6.99	NUM
fsr-3728	117	247	%	%	NOUN
fsr-3728	117	248	7.46	7.46	NUM
fsr-3728	117	249	%	%	NOUN
fsr-3728	117	250	7.17	7.17	NUM
fsr-3728	117	251	%	%	NOUN
fsr-3728	117	252	7.92	7.92	NUM
fsr-3728	117	253	%	%	NOUN
fsr-3728	117	254	7.41	7.41	NUM
fsr-3728	117	255	%	%	NOUN
fsr-3728	117	256	8.60	8.60	NUM
fsr-3728	117	257	%	%	NOUN
fsr-3728	117	258	7.17	7.17	NUM
fsr-3728	117	259	%	%	NOUN
fsr-3728	117	260	9.00	9.00	NUM
fsr-3728	117	261	%	%	NOUN
fsr-3728	117	262	8.07	8.07	NUM
fsr-3728	117	263	%	%	NOUN
fsr-3728	117	264	10.00	10.00	NUM
fsr-3728	117	265	%	%	NOUN
fsr-3728	117	266	balanced	balanced	ADJ
fsr-3728	117	267	taxable	taxable	ADJ
fsr-3728	117	268	bond	bond	NOUN
fsr-3728	117	269	tar	tar	NOUN
fsr-3728	117	270	-	-	PUNCT
fsr-3728	117	271	exempt	exempt	ADJ
fsr-3728	117	272	bond	bond	NOUN
fsr-3728	117	273	type	type	NOUN
fsr-3728	117	274	of	of	ADP
fsr-3728	117	275	plan	plan	NOUN
fsr-3728	117	276	atr	atr	NOUN
fsr-3728	117	277	taxable	taxable	ADJ
fsr-3728	117	278	with	with	ADP
fsr-3728	117	279	turnover	turnover	NOUN
fsr-3728	117	280	of	of	ADP
fsr-3728	117	281	:	:	PUNCT
fsr-3728	117	282	100	100	NUM
fsr-3728	117	283	%	%	NOUN
fsr-3728	117	284	5.85	5.85	NUM
fsr-3728	117	285	%	%	NOUN
fsr-3728	117	286	50	50	NUM
fsr-3728	117	287	%	%	NOUN
fsr-3728	117	288	5.90	5.90	NUM
fsr-3728	117	289	%	%	NOUN
fsr-3728	117	290	40	40	NUM
fsr-3728	117	291	%	%	NOUN
fsr-3728	117	292	5.92	5.92	NUM
fsr-3728	117	293	%	%	NOUN
fsr-3728	117	294	30	30	NUM
fsr-3728	117	295	%	%	NOUN
fsr-3728	117	296	5.95	5.95	NUM
fsr-3728	117	297	%	%	NOUN
fsr-3728	117	298	25	25	NUM
fsr-3728	117	299	%	%	NOUN
fsr-3728	117	300	5.98	5.98	NUM
fsr-3728	117	301	%	%	NOUN
fsr-3728	117	302	20	20	NUM
fsr-3728	117	303	%	%	NOUN
fsr-3728	117	304	6.02	6.02	NUM
fsr-3728	117	305	%	%	NOUN
fsr-3728	117	306	15	15	NUM
fsr-3728	117	307	%	%	NOUN
fsr-3728	117	308	6.07	6.07	NUM
fsr-3728	117	309	%	%	NOUN
fsr-3728	117	310	10	10	NUM
fsr-3728	117	311	%	%	NOUN
fsr-3728	117	312	6.14	6.14	NUM
fsr-3728	117	313	%	%	NOUN
fsr-3728	117	314	5	5	NUM
fsr-3728	117	315	%	%	NOUN
fsr-3728	117	316	6.25	6.25	NUM
fsr-3728	117	317	%	%	NOUN
fsr-3728	117	318	0	0	NUM
fsr-3728	117	319	%	%	NOUN
fsr-3728	117	320	6.41	6.41	NUM
fsr-3728	117	321	%	%	NOUN
fsr-3728	117	322	tax	tax	NOUN
fsr-3728	117	323	-	-	PUNCT
fsr-3728	117	324	deferred	defer	VERB
fsr-3728	117	325	:	:	PUNCT
fsr-3728	117	326	vap	vap	NOUN
fsr-3728	117	327	6.28	6.28	NUM
fsr-3728	117	328	%	%	NOUN
fsr-3728	117	329	ira	ira	PROPN
fsr-3728	117	330	7.17	7.17	NUM
fsr-3728	117	331	%	%	NOUN
fsr-3728	117	332	rwa	rwa	PROPN
fsr-3728	117	333	atr	atr	PROPN
fsr-3728	117	334	rwa	rwa	PROPN
fsr-3728	117	335	atr	atr	PROPN
fsr-3728	117	336	rwa	rwa	PROPN
fsr-3728	117	337	5.85	5.85	NUM
fsr-3728	117	338	%	%	NOUN
fsr-3728	117	339	4.55	4.55	NUM
fsr-3728	117	340	%	%	NOUN
fsr-3728	117	341	4.55	4.55	NUM
fsr-3728	117	342	%	%	NOUN
fsr-3728	117	343	5.00	5.00	NUM
fsr-3728	117	344	%	%	NOUN
fsr-3728	117	345	5.00	5.00	NUM
fsr-3728	117	346	%	%	NOUN
fsr-3728	117	347	5.92	5.92	NUM
fsr-3728	117	348	%	%	NOUN
fsr-3728	117	349	4.55	4.55	NUM
fsr-3728	117	350	%	%	NOUN
fsr-3728	117	351	4.55	4.55	NUM
fsr-3728	117	352	%	%	NOUN
fsr-3728	117	353	5.00	5.00	NUM
fsr-3728	117	354	%	%	NOUN
fsr-3728	117	355	5.00	5.00	NUM
fsr-3728	117	356	%	%	NOUN
fsr-3728	117	357	5.96	5.96	NUM
fsr-3728	117	358	%	%	NOUN
fsr-3728	117	359	4.55	4.55	NUM
fsr-3728	117	360	%	%	NOUN
fsr-3728	117	361	4.55	4.55	NUM
fsr-3728	117	362	%	%	NOUN
fsr-3728	117	363	5.00	5.00	NUM
fsr-3728	117	364	%	%	NOUN
fsr-3728	117	365	5.00	5.00	NUM
fsr-3728	117	366	%	%	NOUN
fsr-3728	117	367	6.02	6.02	NUM
fsr-3728	117	368	%	%	NOUN
fsr-3728	117	369	4.55	4.55	NUM
fsr-3728	117	370	%	%	NOUN
fsr-3728	117	371	4.55	4.55	NUM
fsr-3728	117	372	%	%	NOUN
fsr-3728	117	373	5.00	5.00	NUM
fsr-3728	117	374	%	%	NOUN
fsr-3728	117	375	5.00	5.00	NUM
fsr-3728	117	376	%	%	NOUN
fsr-3728	117	377	6.07	6.07	NUM
fsr-3728	117	378	%	%	NOUN
fsr-3728	117	379	4.55	4.55	NUM
fsr-3728	117	380	%	%	NOUN
fsr-3728	117	381	4.55	4.55	NUM
fsr-3728	117	382	%	%	NOUN
fsr-3728	117	383	5.00	5.00	NUM
fsr-3728	117	384	%	%	NOUN
fsr-3728	117	385	5.00	5.00	NUM
fsr-3728	117	386	%	%	NOUN
fsr-3728	117	387	6.15	6.15	NUM
fsr-3728	117	388	%	%	NOUN
fsr-3728	117	389	4.55	4.55	NUM
fsr-3728	117	390	%	%	NOUN
fsr-3728	117	391	4.55	4.55	NUM
fsr-3728	117	392	%	%	NOUN
fsr-3728	117	393	5.00	5.00	NUM
fsr-3728	117	394	%	%	NOUN
fsr-3728	117	395	5.00	5.00	NUM
fsr-3728	117	396	%	%	NOUN
fsr-3728	117	397	6.27	6.27	NUM
fsr-3728	117	398	%	%	NOUN
fsr-3728	117	399	4.55	4.55	NUM
fsr-3728	117	400	%	%	NOUN
fsr-3728	117	401	4.55	4.55	NUM
fsr-3728	117	402	%	%	NOUN
fsr-3728	117	403	5.00	5.00	NUM
fsr-3728	117	404	%	%	NOUN
fsr-3728	117	405	5.00	5.00	NUM
fsr-3728	117	406	%	%	NOUN
fsr-3728	117	407	6.46	6.46	NUM
fsr-3728	117	408	%	%	NOUN
fsr-3728	117	409	4.55	4.55	NUM
fsr-3728	117	410	%	%	NOUN
fsr-3728	117	411	4.55	4.55	NUM
fsr-3728	117	412	%	%	NOUN
fsr-3728	117	413	5.00	5.00	NUM
fsr-3728	117	414	%	%	NOUN
fsr-3728	117	415	5.00	5.00	NUM
fsr-3728	117	416	%	%	NOUN
fsr-3728	117	417	6.77	6.77	NUM
fsr-3728	117	418	%	%	NOUN
fsr-3728	117	419	4.55	4.55	NUM
fsr-3728	117	420	%	%	NOUN
fsr-3728	117	421	4.55	4.55	NUM
fsr-3728	117	422	%	%	NOUN
fsr-3728	117	423	5.00	5.00	NUM
fsr-3728	117	424	%	%	NOUN
fsr-3728	117	425	5.00	5.00	NUM
fsr-3728	117	426	%	%	NOUN
fsr-3728	117	427	7.25	7.25	NUM
fsr-3728	117	428	%	%	NOUN
fsr-3728	117	429	4.55	4.55	NUM
fsr-3728	117	430	%	%	NOUN
fsr-3728	117	431	4.55	4.55	NUM
fsr-3728	117	432	%	%	NOUN
fsr-3728	117	433	5.00	5.00	NUM
fsr-3728	117	434	%	%	NOUN
fsr-3728	117	435	5.00	5.00	NUM
fsr-3728	117	436	%	%	NOUN
fsr-3728	117	437	8.00	8.00	NUM
fsr-3728	117	438	%	%	NOUN
fsr-3728	117	439	4.55	4.55	NUM
fsr-3728	117	440	%	%	NOUN
fsr-3728	117	441	6.00	6.00	NUM
fsr-3728	117	442	%	%	NOUN
fsr-3728	117	443	5.00	5.00	NUM
fsr-3728	117	444	%	%	NOUN
fsr-3728	117	445	5.00	5.00	NUM
fsr-3728	117	446	%	%	NOUN
fsr-3728	117	447	9.00	9.00	NUM
fsr-3728	117	448	%	%	NOUN
fsr-3728	117	449	5.40	5.40	NUM
fsr-3728	117	450	%	%	NOUN
fsr-3728	117	451	7.00	7.00	NUM
fsr-3728	117	452	%	%	NOUN
fsr-3728	117	453	5.00	5.00	NUM
fsr-3728	117	454	%	%	NOUN
fsr-3728	117	455	5.00	5.00	NUM
fsr-3728	117	456	%	%	NOUN
fsr-3728	117	457	note	note	NOUN
fsr-3728	117	458	:	:	PUNCT
fsr-3728	117	459	the	the	DET
fsr-3728	117	460	20	20	NUM
fsr-3728	117	461	year	year	NOUN
fsr-3728	117	462	after	after	ADP
fsr-3728	117	463	-	-	PUNCT
fsr-3728	117	464	tax	tax	NOUN
fsr-3728	117	465	return	return	NOUN
fsr-3728	117	466	(	(	PUNCT
fsr-3728	117	467	atr	atr	PROPN
fsr-3728	117	468	)	)	PUNCT
fsr-3728	117	469	and	and	CCONJ
fsr-3728	117	470	rate	rate	NOUN
fsr-3728	117	471	of	of	ADP
fsr-3728	117	472	wealth	wealth	NOUN
fsr-3728	117	473	accumulation	accumulation	NOUN
fsr-3728	117	474	(	(	PUNCT
fsr-3728	117	475	rwa	rwa	PROPN
fsr-3728	117	476	)	)	PUNCT
fsr-3728	117	477	are	be	AUX
fsr-3728	117	478	presented	present	VERB
fsr-3728	117	479	for	for	ADP
fsr-3728	117	480	six	six	NUM
fsr-3728	117	481	investment	investment	NOUN
fsr-3728	117	482	objectives	objective	NOUN
fsr-3728	117	483	based	base	VERB
fsr-3728	117	484	on	on	ADP
fsr-3728	117	485	hypothetical	hypothetical	ADJ
fsr-3728	117	486	total	total	ADJ
fsr-3728	117	487	returns	return	NOUN
fsr-3728	117	488	and	and	CCONJ
fsr-3728	117	489	yields	yield	NOUN
fsr-3728	117	490	.	.	PUNCT
fsr-3728	118	1	included	include	VERB
fsr-3728	118	2	are	be	AUX
fsr-3728	118	3	results	result	NOUN
fsr-3728	118	4	using	use	VERB
fsr-3728	118	5	a	a	DET
fsr-3728	118	6	regular	regular	ADJ
fsr-3728	118	7	taxable	taxable	ADJ
fsr-3728	118	8	mutual	mutual	ADJ
fsr-3728	118	9	fund	fund	NOUN
fsr-3728	118	10	account	account	NOUN
fsr-3728	118	11	with	with	ADP
fsr-3728	118	12	various	various	ADJ
fsr-3728	118	13	rates	rate	NOUN
fsr-3728	118	14	of	of	ADP
fsr-3728	118	15	effective	effective	ADJ
fsr-3728	118	16	turnover	turnover	NOUN
fsr-3728	118	17	and	and	CCONJ
fsr-3728	118	18	two	two	NUM
fsr-3728	118	19	tax	tax	NOUN
fsr-3728	118	20	-	-	PUNCT
fsr-3728	118	21	deferred	defer	VERB
fsr-3728	118	22	plans	plan	NOUN
fsr-3728	118	23	;	;	PUNCT
fsr-3728	118	24	the	the	DET
fsr-3728	118	25	variable	variable	ADJ
fsr-3728	118	26	annuity	annuity	NOUN
fsr-3728	118	27	plan	plan	NOUN
fsr-3728	118	28	(	(	PUNCT
fsr-3728	118	29	vap	vap	NOUN
fsr-3728	118	30	)	)	PUNCT
fsr-3728	118	31	and	and	CCONJ
fsr-3728	118	32	a	a	DET
fsr-3728	118	33	non	non	ADJ
fsr-3728	118	34	-	-	ADJ
fsr-3728	118	35	deductible	deductible	ADJ
fsr-3728	118	36	ira	ira	PROPN
fsr-3728	118	37	.	.	PROPN
fsr-3728	118	38	two	two	NUM
fsr-3728	118	39	percent	percent	NOUN
fsr-3728	118	40	.	.	PUNCT
fsr-3728	119	1	the	the	DET
fsr-3728	119	2	difference	difference	NOUN
fsr-3728	119	3	between	between	ADP
fsr-3728	119	4	the	the	DET
fsr-3728	119	5	funds	fund	NOUN
fsr-3728	119	6	is	be	AUX
fsr-3728	119	7	in	in	ADP
fsr-3728	119	8	the	the	DET
fsr-3728	119	9	management	management	NOUN
fsr-3728	119	10	style	style	NOUN
fsr-3728	119	11	as	as	SCONJ
fsr-3728	119	12	it	it	PRON
fsr-3728	119	13	affects	affect	VERB
fsr-3728	119	14	turnover	turnover	NOUN
fsr-3728	119	15	and	and	CCONJ
fsr-3728	119	16	realized	realize	VERB
fsr-3728	119	17	capital	capital	NOUN
fsr-3728	119	18	gains	gain	NOUN
fsr-3728	119	19	.	.	PUNCT
fsr-3728	120	1	using	use	VERB
fsr-3728	120	2	rwa	rwa	PROPN
fsr-3728	120	3	as	as	ADP
fsr-3728	120	4	the	the	DET
fsr-3728	120	5	decision	decision	NOUN
fsr-3728	120	6	rule	rule	NOUN
fsr-3728	120	7	,	,	PUNCT
fsr-3728	120	8	a	a	DET
fsr-3728	120	9	fund	fund	NOUN
fsr-3728	120	10	with	with	ADP
fsr-3728	120	11	an	an	DET
fsr-3728	120	12	effective	effective	ADJ
fsr-3728	120	13	turnover	turnover	NOUN
fsr-3728	120	14	of	of	ADP
fsr-3728	120	15	10	10	NUM
fsr-3728	120	16	percent	percent	NOUN
fsr-3728	120	17	will	will	AUX
fsr-3728	120	18	have	have	VERB
fsr-3728	120	19	a	a	DET
fsr-3728	120	20	return	return	NOUN
fsr-3728	120	21	of	of	ADP
fsr-3728	120	22	8.69	8.69	NUM
fsr-3728	120	23	percent	percent	NOUN
fsr-3728	120	24	,	,	PUNCT
fsr-3728	120	25	while	while	SCONJ
fsr-3728	120	26	a	a	DET
fsr-3728	120	27	fund	fund	NOUN
fsr-3728	120	28	with	with	ADP
fsr-3728	120	29	a	a	DET
fsr-3728	120	30	turnover	turnover	NOUN
fsr-3728	120	31	of	of	ADP
fsr-3728	120	32	50	50	NUM
fsr-3728	120	33	percent	percent	NOUN
fsr-3728	120	34	will	will	AUX
fsr-3728	120	35	have	have	VERB
fsr-3728	120	36	a	a	DET
fsr-3728	120	37	rwa	rwa	NOUN
fsr-3728	120	38	of	of	ADP
fsr-3728	120	39	7.32	7.32	NUM
fsr-3728	120	40	percent	percent	NOUN
fsr-3728	120	41	.	.	PUNCT
fsr-3728	121	1	the	the	DET
fsr-3728	121	2	point	point	NOUN
fsr-3728	121	3	is	be	AUX
fsr-3728	121	4	,	,	PUNCT
fsr-3728	121	5	an	an	DET
fsr-3728	121	6	investor	investor	NOUN
fsr-3728	121	7	’s	’	VERB
fsr-3728	121	8	after	after	SCONJ
fsr-3728	121	9	tax	tax	NOUN
fsr-3728	121	10	return	return	NOUN
fsr-3728	121	11	can	can	AUX
fsr-3728	121	12	be	be	AUX
fsr-3728	121	13	increased	increase	VERB
fsr-3728	121	14	by	by	ADP
fsr-3728	121	15	1.37	1.37	NUM
fsr-3728	121	16	percent	percent	NOUN
fsr-3728	121	17	by	by	ADP
fsr-3728	121	18	selecting	select	VERB
fsr-3728	121	19	a	a	DET
fsr-3728	121	20	fund	fund	NOUN
fsr-3728	121	21	with	with	ADP
fsr-3728	121	22	low	low	ADJ
fsr-3728	121	23	effective	effective	ADJ
fsr-3728	121	24	turnover	turnover	NOUN
fsr-3728	121	25	.	.	PUNCT
fsr-3728	122	1	the	the	DET
fsr-3728	122	2	relationship	relationship	NOUN
fsr-3728	122	3	between	between	ADP
fsr-3728	122	4	after	after	ADP
fsr-3728	122	5	-	-	PUNCT
fsr-3728	122	6	tax	tax	NOUN
fsr-3728	122	7	return	return	NOUN
fsr-3728	122	8	and	and	CCONJ
fsr-3728	122	9	effective	effective	ADJ
fsr-3728	122	10	turnover	turnover	NOUN
fsr-3728	122	11	might	might	AUX
fsr-3728	122	12	surprise	surprise	VERB
fsr-3728	122	13	many	many	ADJ
fsr-3728	122	14	investors	investor	NOUN
fsr-3728	122	15	.	.	PUNCT
fsr-3728	123	1	a	a	DET
fsr-3728	123	2	small	small	ADJ
fsr-3728	123	3	amount	amount	NOUN
fsr-3728	123	4	of	of	ADP
fsr-3728	123	5	turnover	turnover	NOUN
fsr-3728	123	6	has	have	VERB
fsr-3728	123	7	a	a	DET
fsr-3728	123	8	large	large	ADJ
fsr-3728	123	9	effect	effect	NOUN
fsr-3728	123	10	on	on	ADP
fsr-3728	123	11	after	after	ADP
fsr-3728	123	12	-	-	PUNCT
fsr-3728	123	13	tax	tax	NOUN
fsr-3728	123	14	return	return	NOUN
fsr-3728	123	15	.	.	PUNCT
fsr-3728	124	1	the	the	DET
fsr-3728	124	2	non	non	ADJ
fsr-3728	124	3	-	-	ADJ
fsr-3728	124	4	linear	linear	ADJ
fsr-3728	124	5	relationship	relationship	NOUN
fsr-3728	124	6	between	between	ADP
fsr-3728	124	7	turnover	turnover	NOUN
fsr-3728	124	8	and	and	CCONJ
fsr-3728	124	9	after	after	ADP
fsr-3728	124	10	-	-	PUNCT
fsr-3728	124	11	tax	tax	NOUN
fsr-3728	124	12	return	return	NOUN
fsr-3728	124	13	can	can	AUX
fsr-3728	124	14	readily	readily	ADV
fsr-3728	124	15	be	be	AUX
fsr-3728	124	16	seen	see	VERB
fsr-3728	124	17	in	in	ADP
fsr-3728	124	18	figure	figure	NOUN
fsr-3728	124	19	1	1	NUM
fsr-3728	124	20	where	where	SCONJ
fsr-3728	124	21	the	the	DET
fsr-3728	124	22	rwa	rwa	PROPN
fsr-3728	124	23	data	data	NOUN
fsr-3728	124	24	is	be	AUX
fsr-3728	124	25	presented	present	VERB
fsr-3728	124	26	.	.	PUNCT
fsr-3728	125	1	as	as	SCONJ
fsr-3728	125	2	turnover	turnover	NOUN
fsr-3728	125	3	increases	increase	VERB
fsr-3728	125	4	from	from	ADP
fsr-3728	125	5	zero	zero	NUM
fsr-3728	125	6	,	,	PUNCT
fsr-3728	125	7	the	the	DET
fsr-3728	125	8	returns	return	NOUN
fsr-3728	125	9	rapidly	rapidly	ADV
fsr-3728	125	10	decrease	decrease	VERB
fsr-3728	125	11	towards	towards	ADP
fsr-3728	125	12	a.fker	a.fker	NUM
fsr-3728	125	13	--	--	PUNCT
fsr-3728	125	14	tm	tm	PROPN
fsr-3728	125	15	mutual	mutual	ADJ
fsr-3728	125	16	fund	fund	NOUN
fsr-3728	125	17	returns	return	VERB
fsr-3728	125	18	133	133	NUM
fsr-3728	125	19	the	the	DET
fsr-3728	125	20	minimum	minimum	NOUN
fsr-3728	125	21	for	for	ADP
fsr-3728	125	22	each	each	DET
fsr-3728	125	23	investment	investment	NOUN
fsr-3728	125	24	objective	objective	NOUN
fsr-3728	125	25	.	.	PUNCT
fsr-3728	126	1	half	half	NOUN
fsr-3728	126	2	of	of	ADP
fsr-3728	126	3	the	the	DET
fsr-3728	126	4	extra	extra	ADJ
fsr-3728	126	5	after	after	ADP
fsr-3728	126	6	-	-	PUNCT
fsr-3728	126	7	tax	tax	NOUN
fsr-3728	126	8	return	return	NOUN
fsr-3728	126	9	that	that	PRON
fsr-3728	126	10	can	can	AUX
fsr-3728	126	11	be	be	AUX
fsr-3728	126	12	obtained	obtain	VERB
fsr-3728	126	13	by	by	ADP
fsr-3728	126	14	compounding	compound	VERB
fsr-3728	126	15	the	the	DET
fsr-3728	126	16	unrealized	unrealized	ADJ
fsr-3728	126	17	capital	capital	NOUN
fsr-3728	126	18	gains	gain	NOUN
fsr-3728	126	19	is	be	AUX
fsr-3728	126	20	lost	lose	VERB
fsr-3728	126	21	at	at	ADP
fsr-3728	126	22	turnover	turnover	NOUN
fsr-3728	126	23	rates	rate	NOUN
fsr-3728	126	24	above	above	ADP
fsr-3728	126	25	10	10	NUM
fsr-3728	126	26	percent	percent	NOUN
fsr-3728	126	27	.	.	PUNCT
fsr-3728	127	1	at	at	ADP
fsr-3728	127	2	an	an	DET
fsr-3728	127	3	effective	effective	ADJ
fsr-3728	127	4	turnover	turnover	NOUN
fsr-3728	127	5	of	of	ADP
fsr-3728	127	6	50	50	NUM
fsr-3728	127	7	percent	percent	NOUN
fsr-3728	127	8	,	,	PUNCT
fsr-3728	127	9	almost	almost	ADV
fsr-3728	127	10	all	all	PRON
fsr-3728	127	11	of	of	ADP
fsr-3728	127	12	this	this	DET
fsr-3728	127	13	compounding	compounding	NOUN
fsr-3728	127	14	effect	effect	NOUN
fsr-3728	127	15	is	be	AUX
fsr-3728	127	16	lost	lose	VERB
fsr-3728	127	17	.	.	PUNCT
fsr-3728	128	1	for	for	ADP
fsr-3728	128	2	fund	fund	NOUN
fsr-3728	128	3	objectives	objective	NOUN
fsr-3728	128	4	where	where	SCONJ
fsr-3728	128	5	turnover	turnover	NOUN
fsr-3728	128	6	affects	affect	VERB
fsr-3728	128	7	return	return	NOUN
fsr-3728	128	8	,	,	PUNCT
fsr-3728	128	9	we	we	PRON
fsr-3728	128	10	can	can	AUX
fsr-3728	128	11	see	see	VERB
fsr-3728	128	12	the	the	DET
fsr-3728	128	13	dramatic	dramatic	ADJ
fsr-3728	128	14	effect	effect	NOUN
fsr-3728	128	15	the	the	DET
fsr-3728	128	16	first	first	ADJ
fsr-3728	128	17	10	10	NUM
fsr-3728	128	18	or	or	CCONJ
fsr-3728	128	19	15	15	NUM
fsr-3728	128	20	percent	percent	NOUN
fsr-3728	128	21	rate	rate	NOUN
fsr-3728	128	22	of	of	ADP
fsr-3728	128	23	effective	effective	ADJ
fsr-3728	128	24	turnover	turnover	NOUN
fsr-3728	128	25	has	have	AUX
fsr-3728	128	26	on	on	ADP
fsr-3728	128	27	the	the	DET
fsr-3728	128	28	realized	realize	VERB
fsr-3728	128	29	return	return	NOUN
fsr-3728	128	30	.	.	PUNCT
fsr-3728	129	1	non	non	ADJ
fsr-3728	129	2	-	-	ADJ
fsr-3728	129	3	qualified	qualified	ADJ
fsr-3728	129	4	tax	tax	NOUN
fsr-3728	129	5	-	-	PUNCT
fsr-3728	129	6	deferred	defer	VERB
fsr-3728	129	7	accounts	account	NOUN
fsr-3728	129	8	included	include	VERB
fsr-3728	129	9	in	in	ADP
fsr-3728	129	10	table	table	NOUN
fsr-3728	129	11	1	1	NUM
fsr-3728	129	12	are	be	AUX
fsr-3728	129	13	returns	return	NOUN
fsr-3728	129	14	based	base	VERB
fsr-3728	129	15	on	on	ADP
fsr-3728	129	16	an	an	DET
fsr-3728	129	17	investor	investor	NOUN
fsr-3728	129	18	pursuing	pursue	VERB
fsr-3728	129	19	one	one	NUM
fsr-3728	129	20	of	of	ADP
fsr-3728	129	21	the	the	DET
fsr-3728	129	22	six	six	NUM
fsr-3728	129	23	investment	investment	NOUN
fsr-3728	129	24	objectives	objective	NOUN
fsr-3728	129	25	using	use	VERB
fsr-3728	129	26	a	a	DET
fsr-3728	129	27	non	non	ADJ
fsr-3728	129	28	-	-	ADJ
fsr-3728	129	29	deductible	deductible	ADJ
fsr-3728	129	30	ira	ira	PROPN
fsr-3728	129	31	or	or	CCONJ
fsr-3728	129	32	a	a	DET
fsr-3728	129	33	vap	vap	NOUN
fsr-3728	129	34	.	.	PUNCT
fsr-3728	130	1	in	in	ADP
fsr-3728	130	2	order	order	NOUN
fsr-3728	130	3	to	to	PART
fsr-3728	130	4	compare	compare	VERB
fsr-3728	130	5	the	the	DET
fsr-3728	130	6	non	non	ADJ
fsr-3728	130	7	-	-	ADJ
fsr-3728	130	8	deductible	deductible	ADJ
fsr-3728	130	9	ira	ira	PROPN
fsr-3728	130	10	and	and	CCONJ
fsr-3728	130	11	the	the	DET
fsr-3728	130	12	vap	vap	NOUN
fsr-3728	130	13	to	to	ADP
fsr-3728	130	14	the	the	DET
fsr-3728	130	15	regular	regular	ADJ
fsr-3728	130	16	mutual	mutual	ADJ
fsr-3728	130	17	fund	fund	NOUN
fsr-3728	130	18	account	account	NOUN
fsr-3728	130	19	,	,	PUNCT
fsr-3728	130	20	it	it	PRON
fsr-3728	130	21	is	be	AUX
fsr-3728	130	22	assumed	assume	VERB
fsr-3728	130	23	that	that	SCONJ
fsr-3728	130	24	the	the	DET
fsr-3728	130	25	investor	investor	NOUN
fsr-3728	130	26	can	can	AUX
fsr-3728	130	27	open	open	VERB
fsr-3728	130	28	an	an	DET
fsr-3728	130	29	ira	ira	PROPN
fsr-3728	130	30	account	account	NOUN
fsr-3728	130	31	at	at	ADP
fsr-3728	130	32	no	no	DET
fsr-3728	130	33	extra	extra	ADJ
fsr-3728	130	34	expense	expense	NOUN
fsr-3728	130	35	and	and	CCONJ
fsr-3728	130	36	that	that	SCONJ
fsr-3728	130	37	the	the	DET
fsr-3728	130	38	extra	extra	ADJ
fsr-3728	130	39	expense	expense	NOUN
fsr-3728	130	40	of	of	ADP
fsr-3728	130	41	the	the	DET
fsr-3728	130	42	vap	vap	NOUN
fsr-3728	130	43	will	will	AUX
fsr-3728	130	44	cause	cause	VERB
fsr-3728	130	45	a	a	DET
fsr-3728	130	46	decrease	decrease	NOUN
fsr-3728	130	47	of	of	ADP
fsr-3728	130	48	one	one	NUM
fsr-3728	130	49	percent	percent	NOUN
fsr-3728	130	50	in	in	ADP
fsr-3728	130	51	total	total	ADJ
fsr-3728	130	52	return	return	NOUN
fsr-3728	130	53	.	.	PUNCT
fsr-3728	131	1	since	since	SCONJ
fsr-3728	131	2	we	we	PRON
fsr-3728	131	3	are	be	AUX
fsr-3728	131	4	assuming	assume	VERB
fsr-3728	131	5	no	no	DET
fsr-3728	131	6	extra	extra	ADJ
fsr-3728	131	7	expense	expense	NOUN
fsr-3728	131	8	using	use	VERB
fsr-3728	131	9	the	the	DET
fsr-3728	131	10	ira	ira	PROPN
fsr-3728	131	11	,	,	PUNCT
fsr-3728	131	12	the	the	DET
fsr-3728	131	13	ira	ira	PROPN
fsr-3728	131	14	dominates	dominate	VERB
fsr-3728	131	15	the	the	DET
fsr-3728	131	16	vap	vap	NOUN
fsr-3728	131	17	and	and	CCONJ
fsr-3728	131	18	regular	regular	ADJ
fsr-3728	131	19	mutual	mutual	ADJ
fsr-3728	131	20	fund	fund	NOUN
fsr-3728	131	21	.	.	PUNCT
fsr-3728	132	1	the	the	DET
fsr-3728	132	2	vap	vap	NOUN
fsr-3728	132	3	,	,	PUNCT
fsr-3728	132	4	due	due	ADP
fsr-3728	132	5	to	to	ADP
fsr-3728	132	6	the	the	DET
fsr-3728	132	7	one	one	NUM
fsr-3728	132	8	percent	percent	NOUN
fsr-3728	132	9	loss	loss	NOUN
fsr-3728	132	10	in	in	ADP
fsr-3728	132	11	total	total	ADJ
fsr-3728	132	12	return	return	NOUN
fsr-3728	132	13	because	because	SCONJ
fsr-3728	132	14	of	of	ADP
fsr-3728	132	15	extra	extra	ADJ
fsr-3728	132	16	expenses	expense	NOUN
fsr-3728	132	17	,	,	PUNCT
fsr-3728	132	18	must	must	AUX
fsr-3728	132	19	be	be	AUX
fsr-3728	132	20	compared	compare	VERB
fsr-3728	132	21	to	to	ADP
fsr-3728	132	22	the	the	DET
fsr-3728	132	23	regular	regular	ADJ
fsr-3728	132	24	mutual	mutual	ADJ
fsr-3728	132	25	fund	fund	NOUN
fsr-3728	132	26	on	on	ADP
fsr-3728	132	27	a	a	DET
fsr-3728	132	28	case	case	NOUN
fsr-3728	132	29	by	by	ADP
fsr-3728	132	30	case	case	NOUN
fsr-3728	132	31	basis	basis	NOUN
fsr-3728	132	32	.	.	PUNCT
fsr-3728	133	1	the	the	DET
fsr-3728	133	2	vap	vap	NOUN
fsr-3728	133	3	is	be	AUX
fsr-3728	133	4	clearly	clearly	ADV
fsr-3728	133	5	superior	superior	ADJ
fsr-3728	133	6	to	to	ADP
fsr-3728	133	7	the	the	DET
fsr-3728	133	8	taxable	taxable	ADJ
fsr-3728	133	9	account	account	NOUN
fsr-3728	133	10	in	in	ADP
fsr-3728	133	11	accumulating	accumulate	VERB
fsr-3728	133	12	wealth	wealth	NOUN
fsr-3728	133	13	for	for	ADP
fsr-3728	133	14	estate	estate	NOUN
fsr-3728	133	15	purposes	purpose	NOUN
fsr-3728	133	16	if	if	SCONJ
fsr-3728	133	17	the	the	DET
fsr-3728	133	18	investor	investor	NOUN
fsr-3728	133	19	prefers	prefer	VERB
fsr-3728	133	20	either	either	CCONJ
fsr-3728	133	21	growth	growth	NOUN
fsr-3728	133	22	and	and	CCONJ
fsr-3728	133	23	income	income	NOUN
fsr-3728	133	24	,	,	PUNCT
fsr-3728	133	25	balanced	balanced	ADJ
fsr-3728	133	26	,	,	PUNCT
fsr-3728	133	27	or	or	CCONJ
fsr-3728	133	28	a	a	DET
fsr-3728	133	29	bond	bond	NOUN
fsr-3728	133	30	fund	fund	NOUN
fsr-3728	133	31	objective	objective	NOUN
fsr-3728	133	32	.	.	PUNCT
fsr-3728	134	1	in	in	ADP
fsr-3728	134	2	contrast	contrast	NOUN
fsr-3728	134	3	,	,	PUNCT
fsr-3728	134	4	if	if	SCONJ
fsr-3728	134	5	the	the	DET
fsr-3728	134	6	investor	investor	NOUN
fsr-3728	134	7	uses	use	VERB
fsr-3728	134	8	an	an	DET
fsr-3728	134	9	aggressive	aggressive	ADJ
fsr-3728	134	10	growth	growth	NOUN
fsr-3728	134	11	fund	fund	NOUN
fsr-3728	134	12	or	or	CCONJ
fsr-3728	134	13	a	a	DET
fsr-3728	134	14	growth	growth	NOUN
fsr-3728	134	15	fund	fund	NOUN
fsr-3728	134	16	,	,	PUNCT
fsr-3728	134	17	then	then	ADV
fsr-3728	134	18	the	the	DET
fsr-3728	134	19	vap	vap	NOUN
fsr-3728	134	20	is	be	AUX
fsr-3728	134	21	superior	superior	ADJ
fsr-3728	134	22	for	for	ADP
fsr-3728	134	23	rwa	rwa	PRON
fsr-3728	134	24	if	if	SCONJ
fsr-3728	134	25	the	the	DET
fsr-3728	134	26	comparable	comparable	ADJ
fsr-3728	134	27	taxable	taxable	ADJ
fsr-3728	134	28	fund	fund	NOUN
fsr-3728	134	29	has	have	VERB
fsr-3728	134	30	an	an	DET
fsr-3728	134	31	effective	effective	ADJ
fsr-3728	134	32	turnover	turnover	NOUN
fsr-3728	134	33	greater	great	ADJ
fsr-3728	134	34	than	than	ADP
fsr-3728	134	35	one	one	NUM
fsr-3728	134	36	or	or	CCONJ
fsr-3728	134	37	two	two	NUM
fsr-3728	134	38	percent	percent	NOUN
fsr-3728	134	39	.	.	PUNCT
fsr-3728	135	1	since	since	SCONJ
fsr-3728	135	2	any	any	DET
fsr-3728	135	3	inves	inve	NOUN
fsr-3728	135	4	~	~	SYM
fsr-3728	135	5	ent	ent	NOUN
fsr-3728	135	6	program	program	NOUN
fsr-3728	135	7	will	will	AUX
fsr-3728	135	8	have	have	VERB
fsr-3728	135	9	a	a	DET
fsr-3728	135	10	few	few	ADJ
fsr-3728	135	11	percent	percent	NOUN
fsr-3728	135	12	effective	effective	ADJ
fsr-3728	135	13	turnover	turnover	NOUN
fsr-3728	135	14	,	,	PUNCT
fsr-3728	135	15	the	the	DET
fsr-3728	135	16	vap	vap	NOUN
fsr-3728	135	17	will	will	AUX
fsr-3728	135	18	generally	generally	ADV
fsr-3728	135	19	be	be	AUX
fsr-3728	135	20	superior	superior	ADJ
fsr-3728	135	21	to	to	ADP
fsr-3728	135	22	taxable	taxable	ADJ
fsr-3728	135	23	funds	fund	NOUN
fsr-3728	135	24	for	for	ADP
fsr-3728	135	25	wealth	wealth	NOUN
fsr-3728	135	26	accumulation	accumulation	NOUN
fsr-3728	135	27	over	over	ADP
fsr-3728	135	28	a	a	DET
fsr-3728	135	29	20	20	NUM
fsr-3728	135	30	year	year	NOUN
fsr-3728	135	31	period	period	NOUN
fsr-3728	135	32	.	.	PUNCT
fsr-3728	136	1	the	the	DET
fsr-3728	136	2	after	after	ADP
fsr-3728	136	3	-	-	PUNCT
fsr-3728	136	4	tax	tax	NOUN
fsr-3728	136	5	return	return	NOUN
fsr-3728	136	6	(	(	PUNCT
fsr-3728	136	7	atr	atr	PROPN
fsr-3728	136	8	)	)	PUNCT
fsr-3728	136	9	is	be	AUX
fsr-3728	136	10	the	the	DET
fsr-3728	136	11	appropriate	appropriate	ADJ
fsr-3728	136	12	yardstick	yardstick	NOUN
fsr-3728	136	13	to	to	PART
fsr-3728	136	14	use	use	VERB
fsr-3728	136	15	when	when	SCONJ
fsr-3728	136	16	comparing	compare	VERB
fsr-3728	136	17	the	the	DET
fsr-3728	136	18	vap	vap	NOUN
fsr-3728	136	19	to	to	ADP
fsr-3728	136	20	a	a	DET
fsr-3728	136	21	taxable	taxable	ADJ
fsr-3728	136	22	account	account	NOUN
fsr-3728	136	23	for	for	ADP
fsr-3728	136	24	the	the	DET
fsr-3728	136	25	investor	investor	NOUN
fsr-3728	136	26	who	who	PRON
fsr-3728	136	27	will	will	AUX
fsr-3728	136	28	use	use	VERB
fsr-3728	136	29	the	the	DET
fsr-3728	136	30	accumulated	accumulate	VERB
fsr-3728	136	31	wealth	wealth	NOUN
fsr-3728	136	32	for	for	ADP
fsr-3728	136	33	retirement	retirement	NOUN
fsr-3728	136	34	.	.	PUNCT
fsr-3728	137	1	for	for	ADP
fsr-3728	137	2	the	the	DET
fsr-3728	137	3	aggressive	aggressive	ADJ
fsr-3728	137	4	growth	growth	NOUN
fsr-3728	137	5	and	and	CCONJ
fsr-3728	137	6	growth	growth	NOUN
fsr-3728	137	7	objectives	objective	NOUN
fsr-3728	137	8	,	,	PUNCT
fsr-3728	137	9	the	the	DET
fsr-3728	137	10	taxable	taxable	ADJ
fsr-3728	137	11	account	account	NOUN
fsr-3728	137	12	must	must	AUX
fsr-3728	137	13	have	have	VERB
fsr-3728	137	14	an	an	DET
fsr-3728	137	15	effective	effective	ADJ
fsr-3728	137	16	turnover	turnover	NOUN
fsr-3728	137	17	of	of	ADP
fsr-3728	137	18	less	less	ADJ
fsr-3728	137	19	than	than	ADP
fsr-3728	137	20	eight	eight	NUM
fsr-3728	137	21	percent	percent	NOUN
fsr-3728	137	22	in	in	ADP
fsr-3728	137	23	order	order	NOUN
fsr-3728	137	24	to	to	PART
fsr-3728	137	25	be	be	AUX
fsr-3728	137	26	superior	superior	ADJ
fsr-3728	137	27	to	to	ADP
fsr-3728	137	28	the	the	DET
fsr-3728	137	29	vap	vap	NOUN
fsr-3728	137	30	.	.	PUNCT
fsr-3728	138	1	for	for	ADP
fsr-3728	138	2	the	the	DET
fsr-3728	138	3	balanced	balanced	ADJ
fsr-3728	138	4	fund	fund	NOUN
fsr-3728	138	5	and	and	CCONJ
fsr-3728	138	6	growth	growth	NOUN
fsr-3728	138	7	and	and	CCONJ
fsr-3728	138	8	income	income	NOUN
fsr-3728	138	9	fund	fund	NOUN
fsr-3728	138	10	objectives	objective	VERB
fsr-3728	138	11	the	the	DET
fsr-3728	138	12	taxable	taxable	ADJ
fsr-3728	138	13	account	account	NOUN
fsr-3728	138	14	must	must	AUX
fsr-3728	138	15	have	have	VERB
fsr-3728	138	16	an	an	DET
fsr-3728	138	17	effective	effective	ADJ
fsr-3728	138	18	turnover	turnover	NOUN
fsr-3728	138	19	of	of	ADP
fsr-3728	138	20	less	less	ADJ
fsr-3728	138	21	than	than	ADP
fsr-3728	138	22	five	five	NUM
fsr-3728	138	23	percent	percent	NOUN
fsr-3728	138	24	.	.	PUNCT
fsr-3728	139	1	as	as	SCONJ
fsr-3728	139	2	will	will	AUX
fsr-3728	139	3	be	be	AUX
fsr-3728	139	4	shown	show	VERB
fsr-3728	139	5	in	in	ADP
fsr-3728	139	6	the	the	DET
fsr-3728	139	7	analysis	analysis	NOUN
fsr-3728	139	8	of	of	ADP
fsr-3728	139	9	actual	actual	ADJ
fsr-3728	139	10	fund	fund	NOUN
fsr-3728	139	11	performance	performance	NOUN
fsr-3728	139	12	,	,	PUNCT
fsr-3728	139	13	very	very	ADV
fsr-3728	139	14	few	few	ADJ
fsr-3728	139	15	funds	fund	NOUN
fsr-3728	139	16	have	have	VERB
fsr-3728	139	17	an	an	DET
fsr-3728	139	18	effective	effective	ADJ
fsr-3728	139	19	turnover	turnover	NOUN
fsr-3728	139	20	of	of	ADP
fsr-3728	139	21	less	less	ADJ
fsr-3728	139	22	than	than	ADP
fsr-3728	139	23	five	five	NUM
fsr-3728	139	24	percent	percent	NOUN
fsr-3728	139	25	.	.	PUNCT
fsr-3728	140	1	the	the	DET
fsr-3728	140	2	investment	investment	NOUN
fsr-3728	140	3	horizon	horizon	NOUN
fsr-3728	140	4	and	and	CCONJ
fsr-3728	140	5	the	the	DET
fsr-3728	140	6	amount	amount	NOUN
fsr-3728	140	7	of	of	ADP
fsr-3728	140	8	the	the	DET
fsr-3728	140	9	added	add	VERB
fsr-3728	140	10	expense	expense	NOUN
fsr-3728	140	11	for	for	ADP
fsr-3728	140	12	the	the	DET
fsr-3728	140	13	vap	vap	NOUN
fsr-3728	140	14	are	be	AUX
fsr-3728	140	15	the	the	DET
fsr-3728	140	16	two	two	NUM
fsr-3728	140	17	important	important	ADJ
fsr-3728	140	18	assumptions	assumption	NOUN
fsr-3728	140	19	used	use	VERB
fsr-3728	140	20	in	in	ADP
fsr-3728	140	21	comparing	compare	VERB
fsr-3728	140	22	the	the	DET
fsr-3728	140	23	vap	vap	NOUN
fsr-3728	140	24	and	and	CCONJ
fsr-3728	140	25	taxable	taxable	ADJ
fsr-3728	140	26	account	account	NOUN
fsr-3728	140	27	.	.	PUNCT
fsr-3728	141	1	the	the	DET
fsr-3728	141	2	vap	vap	NOUN
fsr-3728	141	3	returns	return	NOUN
fsr-3728	141	4	are	be	AUX
fsr-3728	141	5	below	below	ADP
fsr-3728	141	6	those	those	PRON
fsr-3728	141	7	shown	show	VERB
fsr-3728	141	8	in	in	ADP
fsr-3728	141	9	table	table	NOUN
fsr-3728	141	10	1	1	NUM
fsr-3728	141	11	when	when	SCONJ
fsr-3728	141	12	the	the	DET
fsr-3728	141	13	extra	extra	ADJ
fsr-3728	141	14	expense	expense	NOUN
fsr-3728	141	15	is	be	AUX
fsr-3728	141	16	greater	great	ADJ
fsr-3728	141	17	than	than	ADP
fsr-3728	141	18	one	one	NUM
fsr-3728	141	19	percent	percent	NOUN
fsr-3728	141	20	,	,	PUNCT
fsr-3728	141	21	and	and	CCONJ
fsr-3728	141	22	are	be	AUX
fsr-3728	141	23	above	above	ADP
fsr-3728	141	24	table	table	NOUN
fsr-3728	141	25	i	i	PRON
fsr-3728	141	26	results	result	VERB
fsr-3728	141	27	when	when	SCONJ
fsr-3728	141	28	the	the	DET
fsr-3728	141	29	extra	extra	ADJ
fsr-3728	141	30	expense	expense	NOUN
fsr-3728	141	31	is	be	AUX
fsr-3728	141	32	less	less	ADJ
fsr-3728	141	33	than	than	ADP
fsr-3728	141	34	one	one	NUM
fsr-3728	141	35	percent	percent	NOUN
fsr-3728	141	36	.	.	PUNCT
fsr-3728	142	1	for	for	ADP
fsr-3728	142	2	example	example	NOUN
fsr-3728	142	3	,	,	PUNCT
fsr-3728	142	4	under	under	ADP
fsr-3728	142	5	the	the	DET
fsr-3728	142	6	bond	bond	NOUN
fsr-3728	142	7	fund	fund	NOUN
fsr-3728	142	8	inves	inve	VERB
fsr-3728	142	9	~	~	NOUN
fsr-3728	142	10	ent	ent	NOUN
fsr-3728	142	11	objective	objective	NOUN
fsr-3728	142	12	,	,	PUNCT
fsr-3728	142	13	the	the	DET
fsr-3728	142	14	vap	vap	NOUN
fsr-3728	142	15	has	have	VERB
fsr-3728	142	16	the	the	DET
fsr-3728	142	17	same	same	ADJ
fsr-3728	142	18	atr	atr	NOUN
fsr-3728	142	19	as	as	ADP
fsr-3728	142	20	the	the	DET
fsr-3728	142	21	taxable	taxable	ADJ
fsr-3728	142	22	mutual	mutual	ADJ
fsr-3728	142	23	fund	fund	NOUN
fsr-3728	142	24	at	at	ADP
fsr-3728	142	25	a	a	DET
fsr-3728	142	26	one	one	NUM
fsr-3728	142	27	percent	percent	NOUN
fsr-3728	142	28	extra	extra	ADJ
fsr-3728	142	29	expense	expense	NOUN
fsr-3728	142	30	level	level	NOUN
fsr-3728	142	31	.	.	PUNCT
fsr-3728	143	1	if	if	SCONJ
fsr-3728	143	2	the	the	DET
fsr-3728	143	3	extra	extra	ADJ
fsr-3728	143	4	expenses	expense	NOUN
fsr-3728	143	5	were	be	AUX
fsr-3728	143	6	0.6	0.6	NUM
fsr-3728	143	7	percent	percent	NOUN
fsr-3728	143	8	,	,	PUNCT
fsr-3728	143	9	then	then	ADV
fsr-3728	143	10	the	the	DET
fsr-3728	143	11	atr	atr	NOUN
fsr-3728	143	12	would	would	AUX
fsr-3728	143	13	increase	increase	VERB
fsr-3728	143	14	to	to	ADP
fsr-3728	143	15	4.89	4.89	NUM
fsr-3728	143	16	percent	percent	NOUN
fsr-3728	143	17	,	,	PUNCT
fsr-3728	143	18	making	make	VERB
fsr-3728	143	19	the	the	DET
fsr-3728	143	20	vap	vap	NOUN
fsr-3728	143	21	superior	superior	ADJ
fsr-3728	143	22	.	.	PUNCT
fsr-3728	144	1	these	these	DET
fsr-3728	144	2	examples	example	NOUN
fsr-3728	144	3	assume	assume	VERB
fsr-3728	144	4	a	a	DET
fsr-3728	144	5	twenty	twenty	NUM
fsr-3728	144	6	year	year	NOUN
fsr-3728	144	7	investment	investment	NOUN
fsr-3728	144	8	horizon	horizon	NOUN
fsr-3728	144	9	.	.	PUNCT
fsr-3728	145	1	for	for	ADP
fsr-3728	145	2	shorter	short	ADJ
fsr-3728	145	3	horizons	horizon	NOUN
fsr-3728	145	4	,	,	PUNCT
fsr-3728	145	5	the	the	DET
fsr-3728	145	6	vap	vap	NOUN
fsr-3728	145	7	will	will	AUX
fsr-3728	145	8	be	be	AUX
fsr-3728	145	9	less	less	ADV
fsr-3728	145	10	competitive	competitive	ADJ
fsr-3728	145	11	when	when	SCONJ
fsr-3728	145	12	compared	compare	VERB
fsr-3728	145	13	to	to	ADP
fsr-3728	145	14	a	a	DET
fsr-3728	145	15	taxable	taxable	ADJ
fsr-3728	145	16	account	account	NOUN
fsr-3728	145	17	with	with	ADP
fsr-3728	145	18	the	the	DET
fsr-3728	145	19	same	same	ADJ
fsr-3728	145	20	objective	objective	NOUN
fsr-3728	145	21	.	.	PUNCT
fsr-3728	146	1	growth	growth	NOUN
fsr-3728	146	2	stock	stock	NOUN
fsr-3728	146	3	example	example	NOUN
fsr-3728	146	4	before	before	ADP
fsr-3728	146	5	examining	examine	VERB
fsr-3728	146	6	actual	actual	ADJ
fsr-3728	146	7	after	after	ADP
fsr-3728	146	8	-	-	PUNCT
fsr-3728	146	9	tax	tax	NOUN
fsr-3728	146	10	mutual	mutual	ADJ
fsr-3728	146	11	fund	fund	NOUN
fsr-3728	146	12	performance	performance	NOUN
fsr-3728	146	13	results	result	NOUN
fsr-3728	146	14	,	,	PUNCT
fsr-3728	146	15	an	an	DET
fsr-3728	146	16	example	example	NOUN
fsr-3728	146	17	is	be	AUX
fsr-3728	146	18	presented	present	VERB
fsr-3728	146	19	to	to	PART
fsr-3728	146	20	demonstrate	demonstrate	VERB
fsr-3728	146	21	the	the	DET
fsr-3728	146	22	dynamics	dynamic	NOUN
fsr-3728	146	23	of	of	ADP
fsr-3728	146	24	tax	tax	NOUN
fsr-3728	146	25	drag	drag	NOUN
fsr-3728	146	26	and	and	CCONJ
fsr-3728	146	27	turnover	turnover	NOUN
fsr-3728	146	28	.	.	PUNCT
fsr-3728	147	1	the	the	DET
fsr-3728	147	2	example	example	NOUN
fsr-3728	147	3	is	be	AUX
fsr-3728	147	4	an	an	DET
fsr-3728	147	5	investment	investment	NOUN
fsr-3728	147	6	in	in	ADP
fsr-3728	147	7	a	a	DET
fsr-3728	147	8	new	new	ADJ
fsr-3728	147	9	growth	growth	NOUN
fsr-3728	147	10	stock	stock	NOUN
fsr-3728	147	11	mutual	mutual	ADJ
fsr-3728	147	12	fund	fund	NOUN
fsr-3728	147	13	that	that	PRON
fsr-3728	147	14	will	will	AUX
fsr-3728	147	15	have	have	VERB
fsr-3728	147	16	a	a	DET
fsr-3728	147	17	total	total	ADJ
fsr-3728	147	18	return	return	NOUN
fsr-3728	147	19	of	of	ADP
fsr-3728	147	20	11	11	NUM
fsr-3728	147	21	percent	percent	NOUN
fsr-3728	147	22	composed	compose	VERB
fsr-3728	147	23	of	of	ADP
fsr-3728	147	24	a	a	DET
fsr-3728	147	25	dividend	dividend	NOUN
fsr-3728	147	26	yield	yield	NOUN
fsr-3728	147	27	of	of	ADP
fsr-3728	147	28	two	two	NUM
fsr-3728	147	29	percent	percent	NOUN
fsr-3728	147	30	and	and	CCONJ
fsr-3728	147	31	acapital	acapital	ADJ
fsr-3728	147	32	gain	gain	NOUN
fsr-3728	147	33	of	of	ADP
fsr-3728	147	34	nine	nine	NUM
fsr-3728	147	35	percent	percent	NOUN
fsr-3728	147	36	.	.	PUNCT
fsr-3728	148	1	this	this	DET
fsr-3728	148	2	fund	fund	NOUN
fsr-3728	148	3	will	will	AUX
fsr-3728	148	4	have	have	VERB
fsr-3728	148	5	an	an	DET
fsr-3728	148	6	initial	initial	ADJ
fsr-3728	148	7	nav	nav	NOUN
fsr-3728	148	8	of	of	ADP
fsr-3728	148	9	$	$	SYM
fsr-3728	148	10	10.00	10.00	NUM
fsr-3728	148	11	and	and	CCONJ
fsr-3728	148	12	an	an	DET
fsr-3728	148	13	effective	effective	ADJ
fsr-3728	148	14	turnover	turnover	NOUN
fsr-3728	148	15	of	of	ADP
fsr-3728	148	16	20	20	NUM
fsr-3728	148	17	percent	percent	NOUN
fsr-3728	148	18	.	.	PUNCT
fsr-3728	149	1	the	the	DET
fsr-3728	149	2	effective	effective	ADJ
fsr-3728	149	3	turnover	turnover	NOUN
fsr-3728	149	4	of	of	ADP
fsr-3728	149	5	20	20	NUM
fsr-3728	149	6	percent	percent	NOUN
fsr-3728	149	7	means	mean	VERB
fsr-3728	149	8	that	that	SCONJ
fsr-3728	149	9	the	the	DET
fsr-3728	149	10	fund	fund	NOUN
fsr-3728	149	11	will	will	AUX
fsr-3728	149	12	turnover	turnover	VERB
fsr-3728	149	13	a	a	DET
fsr-3728	149	14	uniform	uniform	ADJ
fsr-3728	149	15	20	20	NUM
fsr-3728	149	16	percent	percent	NOUN
fsr-3728	149	17	of	of	ADP
fsr-3728	149	18	its	its	PRON
fsr-3728	149	19	holdings	holding	NOUN
fsr-3728	149	20	which	which	PRON
fsr-3728	149	21	will	will	AUX
fsr-3728	149	22	result	result	VERB
fsr-3728	149	23	in	in	ADP
fsr-3728	149	24	20	20	NUM
fsr-3728	149	25	percent	percent	NOUN
fsr-3728	149	26	of	of	ADP
fsr-3728	149	27	its	its	PRON
fsr-3728	149	28	cumulative	cumulative	ADJ
fsr-3728	149	29	unrealized	unrealized	ADJ
fsr-3728	149	30	capital	capital	NOUN
fsr-3728	149	31	gains	gain	NOUN
fsr-3728	149	32	being	be	AUX
fsr-3728	149	33	realized	realize	VERB
fsr-3728	149	34	each	each	DET
fsr-3728	149	35	year	year	NOUN
fsr-3728	149	36	.	.	PUNCT
fsr-3728	150	1	134	134	NUM
fsr-3728	150	2	financial	financial	ADJ
fsr-3728	150	3	services	service	NOUN
fsr-3728	150	4	review	review	NOUN
fsr-3728	150	5	,	,	PUNCT
fsr-3728	150	6	3(2	3(2	NUM
fsr-3728	150	7	)	)	PUNCT
fsr-3728	150	8	1994	1994	NUM
fsr-3728	150	9	table	table	NOUN
fsr-3728	150	10	2	2	NUM
fsr-3728	150	11	.	.	PUNCT
fsr-3728	150	12	growth	growth	NOUN
fsr-3728	150	13	stock	stock	PROPN
fsr-3728	150	14	fund	fund	PROPN
fsr-3728	150	15	example	example	NOUN
fsr-3728	150	16	investment	investment	NOUN
fsr-3728	150	17	results	result	NOUN
fsr-3728	150	18	year	year	NOUN
fsr-3728	150	19	1	1	NUM
fsr-3728	150	20	year	year	NOUN
fsr-3728	150	21	2	2	NUM
fsr-3728	150	22	year	year	NOUN
fsr-3728	150	23	5	5	NUM
fsr-3728	150	24	net	net	ADJ
fsr-3728	150	25	asset	asset	NOUN
fsr-3728	150	26	value	value	NOUN
fsr-3728	150	27	$	$	SYM
fsr-3728	150	28	10.72	10.72	NUM
fsr-3728	150	29	$	$	SYM
fsr-3728	150	30	11.35	11.35	NUM
fsr-3728	150	31	$	$	SYM
fsr-3728	150	32	12.79	12.79	NUM
fsr-3728	150	33	(	(	PUNCT
fsr-3728	150	34	after	after	ADP
fsr-3728	150	35	distributions	distribution	NOUN
fsr-3728	150	36	)	)	PUNCT
fsr-3728	150	37	dividends	dividend	NOUN
fsr-3728	150	38	earned	earn	VERB
fsr-3728	150	39	and	and	CCONJ
fsr-3728	150	40	distributed	distribute	VERB
fsr-3728	150	41	0.20	0.20	NUM
fsr-3728	150	42	0.21	0.21	NUM
fsr-3728	150	43	0.25	0.25	NUM
fsr-3728	150	44	capital	capital	NOUN
fsr-3728	150	45	gain	gain	NOUN
fsr-3728	150	46	earned	earn	VERB
fsr-3728	150	47	0.90	0.90	NUM
fsr-3728	150	48	0.96	0.96	NUM
fsr-3728	150	49	1.11	1.11	NUM
fsr-3728	150	50	cumulative	cumulative	ADJ
fsr-3728	150	51	umealized	umealize	VERB
fsr-3728	150	52	capital	capital	NOUN
fsr-3728	150	53	gain	gain	VERB
fsr-3728	150	54	0.90	0.90	NUM
fsr-3728	150	55	1.68	1.68	NUM
fsr-3728	150	56	3.49	3.49	NUM
fsr-3728	150	57	(	(	PUNCT
fsr-3728	150	58	before	before	ADP
fsr-3728	150	59	distribution	distribution	NOUN
fsr-3728	150	60	)	)	PUNCT
fsr-3728	150	61	capital	capital	NOUN
fsr-3728	150	62	gain	gain	NOUN
fsr-3728	150	63	realized	realize	VERB
fsr-3728	150	64	&	&	CCONJ
fsr-3728	150	65	distributed	distribute	VERB
fsr-3728	150	66	0.18	0.18	NUM
fsr-3728	150	67	0.34	0.34	NUM
fsr-3728	150	68	0.70	0.70	NUM
fsr-3728	150	69	(	(	PUNCT
fsr-3728	150	70	20	20	NUM
fsr-3728	150	71	%	%	NOUN
fsr-3728	150	72	of	of	ADP
fsr-3728	150	73	above	above	ADP
fsr-3728	150	74	amount	amount	NOUN
fsr-3728	150	75	)	)	PUNCT
fsr-3728	150	76	taxes	taxis	NOUN
fsr-3728	150	77	paid	pay	VERB
fsr-3728	150	78	0.13	0.13	NUM
fsr-3728	150	79	0.20	0.20	NUM
fsr-3728	150	80	0.38	0.38	NUM
fsr-3728	150	81	(	(	PUNCT
fsr-3728	150	82	35	35	NUM
fsr-3728	150	83	%	%	NOUN
fsr-3728	150	84	of	of	ADP
fsr-3728	150	85	combined	combined	ADJ
fsr-3728	150	86	distributions	distribution	NOUN
fsr-3728	150	87	)	)	PUNCT
fsr-3728	150	88	shares	share	NOUN
fsr-3728	150	89	owned	own	VERB
fsr-3728	150	90	1.000	1.000	NUM
fsr-3728	150	91	1.023	1.023	NUM
fsr-3728	150	92	1.144	1.144	NUM
fsr-3728	150	93	rate	rate	NOUN
fsr-3728	150	94	of	of	ADP
fsr-3728	150	95	wealth	wealth	NOUN
fsr-3728	150	96	9.67	9.67	NUM
fsr-3728	150	97	%	%	NOUN
fsr-3728	150	98	9.43	9.43	NUM
fsr-3728	150	99	%	%	NOUN
fsr-3728	150	100	8.91	8.91	NUM
fsr-3728	150	101	%	%	NOUN
fsr-3728	150	102	accumulation	accumulation	NOUN
fsr-3728	150	103	(	(	PUNCT
fsr-3728	150	104	rwa	rwa	PROPN
fsr-3728	150	105	)	)	PUNCT
fsr-3728	150	106	tax	tax	NOUN
fsr-3728	150	107	drag	drag	NOUN
fsr-3728	150	108	1.33	1.33	NUM
fsr-3728	150	109	%	%	NOUN
fsr-3728	150	110	1.57	1.57	NUM
fsr-3728	150	111	%	%	NOUN
fsr-3728	150	112	2.09	2.09	NUM
fsr-3728	150	113	%	%	NOUN
fsr-3728	150	114	(	(	PUNCT
fsr-3728	150	115	total	total	ADJ
fsr-3728	150	116	return	return	NOUN
fsr-3728	150	117	rwa	rwa	PROPN
fsr-3728	150	118	)	)	PUNCT
fsr-3728	150	119	after	after	ADP
fsr-3728	150	120	-	-	PUNCT
fsr-3728	150	121	tax	tax	NOUN
fsr-3728	150	122	return	return	NOUN
fsr-3728	150	123	(	(	PUNCT
fsr-3728	150	124	atr	atr	PROPN
fsr-3728	150	125	)	)	PUNCT
fsr-3728	150	126	7.15	7.15	NUM
fsr-3728	150	127	%	%	NOUN
fsr-3728	150	128	7.23	7.23	NUM
fsr-3728	150	129	%	%	NOUN
fsr-3728	150	130	7.41	7.41	NUM
fsr-3728	150	131	%	%	NOUN
fsr-3728	150	132	(	(	PUNCT
fsr-3728	150	133	if	if	SCONJ
fsr-3728	150	134	sold	sell	VERB
fsr-3728	150	135	at	at	ADP
fsr-3728	150	136	the	the	DET
fsr-3728	150	137	end	end	NOUN
fsr-3728	150	138	of	of	ADP
fsr-3728	150	139	vear	vear	NOUN
fsr-3728	150	140	)	)	PUNCT
fsr-3728	150	141	year	year	NOUN
fsr-3728	150	142	20	20	NUM
fsr-3728	150	143	$	$	SYM
fsr-3728	150	144	15.26	15.26	NUM
fsr-3728	150	145	0.30	0.30	NUM
fsr-3728	150	146	1.37	1.37	NUM
fsr-3728	150	147	6.58	6.58	NUM
fsr-3728	150	148	1.32	1.32	NUM
fsr-3728	150	149	1.59	1.59	NUM
fsr-3728	150	150	2.805	2.805	NUM
fsr-3728	150	151	7.90	7.90	NUM
fsr-3728	150	152	%	%	NOUN
fsr-3728	150	153	3.10	3.10	NUM
fsr-3728	150	154	%	%	NOUN
fsr-3728	150	155	7.61	7.61	NUM
fsr-3728	150	156	%	%	NOUN
fsr-3728	150	157	note	note	NOUN
fsr-3728	150	158	:	:	PUNCT
fsr-3728	150	159	this	this	DET
fsr-3728	150	160	table	table	NOUN
fsr-3728	150	161	presents	present	VERB
fsr-3728	150	162	investment	investment	NOUN
fsr-3728	150	163	results	result	NOUN
fsr-3728	150	164	for	for	ADP
fsr-3728	150	165	a	a	DET
fsr-3728	150	166	hypothetical	hypothetical	ADJ
fsr-3728	150	167	new	new	ADJ
fsr-3728	150	168	growth	growth	NOUN
fsr-3728	150	169	stock	stock	NOUN
fsr-3728	150	170	mutual	mutual	ADJ
fsr-3728	150	171	fund	fund	NOUN
fsr-3728	150	172	which	which	PRON
fsr-3728	150	173	has	have	VERB
fsr-3728	150	174	an	an	DET
fsr-3728	150	175	11	11	NUM
fsr-3728	150	176	percent	percent	NOUN
fsr-3728	150	177	total	total	ADJ
fsr-3728	150	178	return	return	NOUN
fsr-3728	150	179	composed	compose	VERB
fsr-3728	150	180	of	of	ADP
fsr-3728	150	181	a	a	DET
fsr-3728	150	182	2	2	NUM
fsr-3728	150	183	percent	percent	NOUN
fsr-3728	150	184	dividend	dividend	NOUN
fsr-3728	150	185	yield	yield	NOUN
fsr-3728	150	186	and	and	CCONJ
fsr-3728	150	187	a	a	DET
fsr-3728	150	188	9	9	NUM
fsr-3728	150	189	percent	percent	NOUN
fsr-3728	150	190	capital	capital	NOUN
fsr-3728	150	191	gain	gain	NOUN
fsr-3728	150	192	rate	rate	NOUN
fsr-3728	150	193	.	.	PUNCT
fsr-3728	151	1	the	the	DET
fsr-3728	151	2	fund	fund	NOUN
fsr-3728	151	3	has	have	VERB
fsr-3728	151	4	an	an	DET
fsr-3728	151	5	initial	initial	ADJ
fsr-3728	151	6	net	net	ADJ
fsr-3728	151	7	asset	asset	NOUN
fsr-3728	151	8	value	value	NOUN
fsr-3728	151	9	(	(	PUNCT
fsr-3728	151	10	nav	nav	NOUN
fsr-3728	151	11	)	)	PUNCT
fsr-3728	151	12	of	of	ADP
fsr-3728	151	13	$	$	SYM
fsr-3728	151	14	10.00	10.00	NUM
fsr-3728	151	15	and	and	CCONJ
fsr-3728	151	16	an	an	DET
fsr-3728	151	17	effective	effective	ADJ
fsr-3728	151	18	turnover	turnover	NOUN
fsr-3728	151	19	rate	rate	NOUN
fsr-3728	151	20	of	of	ADP
fsr-3728	151	21	20	20	NUM
fsr-3728	151	22	percent	percent	NOUN
fsr-3728	151	23	.	.	PUNCT
fsr-3728	152	1	the	the	DET
fsr-3728	152	2	investor	investor	NOUN
fsr-3728	152	3	buys	buy	VERB
fsr-3728	152	4	one	one	NUM
fsr-3728	152	5	sham	sham	NOUN
fsr-3728	152	6	,	,	PUNCT
fsr-3728	152	7	pays	pay	VERB
fsr-3728	152	8	taxes	taxis	NOUN
fsr-3728	152	9	on	on	ADP
fsr-3728	152	10	the	the	DET
fsr-3728	152	11	distributions	distribution	NOUN
fsr-3728	152	12	,	,	PUNCT
fsr-3728	152	13	and	and	CCONJ
fsr-3728	152	14	reinvests	reinvest	VERB
fsr-3728	152	15	the	the	DET
fsr-3728	152	16	balance	balance	NOUN
fsr-3728	152	17	of	of	ADP
fsr-3728	152	18	the	the	DET
fsr-3728	152	19	distribution	distribution	NOUN
fsr-3728	152	20	in	in	ADP
fsr-3728	152	21	new	new	ADJ
fsr-3728	152	22	shares	share	NOUN
fsr-3728	152	23	.	.	PUNCT
fsr-3728	153	1	the	the	DET
fsr-3728	153	2	results	result	NOUN
fsr-3728	153	3	from	from	ADP
fsr-3728	153	4	holding	hold	VERB
fsr-3728	153	5	this	this	DET
fsr-3728	153	6	investment	investment	NOUN
fsr-3728	153	7	for	for	ADP
fsr-3728	153	8	one	one	NUM
fsr-3728	153	9	,	,	PUNCT
fsr-3728	153	10	two	two	NUM
fsr-3728	153	11	,	,	PUNCT
fsr-3728	153	12	five	five	NUM
fsr-3728	153	13	,	,	PUNCT
fsr-3728	153	14	and	and	CCONJ
fsr-3728	153	15	20	20	NUM
fsr-3728	153	16	years	year	NOUN
fsr-3728	153	17	are	be	AUX
fsr-3728	153	18	presented	present	VERB
fsr-3728	153	19	in	in	ADP
fsr-3728	153	20	table	table	NOUN
fsr-3728	153	21	2	2	NUM
fsr-3728	153	22	.	.	PUNCT
fsr-3728	154	1	distributions	distribution	NOUN
fsr-3728	154	2	are	be	AUX
fsr-3728	154	3	reinvested	reinveste	VERB
fsr-3728	154	4	after	after	ADP
fsr-3728	154	5	paying	pay	VERB
fsr-3728	154	6	a	a	DET
fsr-3728	154	7	35	35	NUM
fsr-3728	154	8	percent	percent	NOUN
fsr-3728	154	9	tax	tax	NOUN
fsr-3728	154	10	.	.	PUNCT
fsr-3728	155	1	the	the	DET
fsr-3728	155	2	rwa	rwa	PROPN
fsr-3728	155	3	decreases	decrease	VERB
fsr-3728	155	4	over	over	ADP
fsr-3728	155	5	time	time	NOUN
fsr-3728	155	6	due	due	ADP
fsr-3728	155	7	to	to	ADP
fsr-3728	155	8	the	the	DET
fsr-3728	155	9	relative	relative	ADJ
fsr-3728	155	10	increase	increase	NOUN
fsr-3728	155	11	in	in	ADP
fsr-3728	155	12	realized	realize	VERB
fsr-3728	155	13	capital	capital	NOUN
fsr-3728	155	14	gains	gain	NOUN
fsr-3728	155	15	.	.	PUNCT
fsr-3728	156	1	this	this	DET
fsr-3728	156	2	decrease	decrease	NOUN
fsr-3728	156	3	in	in	ADP
fsr-3728	156	4	rwa	rwa	PROPN
fsr-3728	156	5	results	result	NOUN
fsr-3728	156	6	in	in	ADP
fsr-3728	156	7	the	the	DET
fsr-3728	156	8	tax	tax	NOUN
fsr-3728	156	9	drag	drag	NOUN
fsr-3728	156	10	increasing	increase	VERB
fsr-3728	156	11	as	as	ADP
fsr-3728	156	12	the	the	DET
fsr-3728	156	13	holding	hold	VERB
fsr-3728	156	14	period	period	NOUN
fsr-3728	156	15	increases	increase	NOUN
fsr-3728	156	16	.	.	PUNCT
fsr-3728	157	1	after	after	ADP
fsr-3728	157	2	one	one	NUM
fsr-3728	157	3	year	year	NOUN
fsr-3728	157	4	,	,	PUNCT
fsr-3728	157	5	the	the	DET
fsr-3728	157	6	atr	atr	NOUN
fsr-3728	157	7	is	be	AUX
fsr-3728	157	8	equal	equal	ADJ
fsr-3728	157	9	to	to	ADP
fsr-3728	157	10	the	the	DET
fsr-3728	157	11	total	total	ADJ
fsr-3728	157	12	return	return	NOUN
fsr-3728	157	13	times	time	NOUN
fsr-3728	157	14	one	one	NUM
fsr-3728	157	15	minus	minus	ADP
fsr-3728	157	16	the	the	DET
fsr-3728	157	17	tax	tax	NOUN
fsr-3728	157	18	rate	rate	NOUN
fsr-3728	157	19	[	[	PUNCT
fsr-3728	157	20	1	1	NUM
fsr-3728	157	21	1	1	NUM
fsr-3728	157	22	%	%	NOUN
fsr-3728	157	23	*	*	NOUN
fsr-3728	157	24	(	(	PUNCT
fsr-3728	157	25	1	1	NUM
fsr-3728	157	26	.35	.35	NUM
fsr-3728	157	27	)	)	PUNCT
fsr-3728	157	28	]	]	PUNCT
fsr-3728	157	29	.	.	PUNCT
fsr-3728	158	1	over	over	ADP
fsr-3728	158	2	time	time	NOUN
fsr-3728	158	3	the	the	DET
fsr-3728	158	4	atr	atr	NOUN
fsr-3728	158	5	increases	increase	VERB
fsr-3728	158	6	due	due	ADJ
fsr-3728	158	7	to	to	ADP
fsr-3728	158	8	the	the	DET
fsr-3728	158	9	compounding	compounding	NOUN
fsr-3728	158	10	gain	gain	NOUN
fsr-3728	158	11	from	from	ADP
fsr-3728	158	12	deferring	defer	VERB
fsr-3728	158	13	the	the	DET
fsr-3728	158	14	tax	tax	NOUN
fsr-3728	158	15	liability	liability	NOUN
fsr-3728	158	16	.	.	PUNCT
fsr-3728	159	1	with	with	ADP
fsr-3728	159	2	moderate	moderate	ADJ
fsr-3728	159	3	to	to	PART
fsr-3728	159	4	high	high	ADJ
fsr-3728	159	5	turnover	turnover	NOUN
fsr-3728	159	6	and	and	CCONJ
fsr-3728	159	7	long	long	ADJ
fsr-3728	159	8	holding	holding	NOUN
fsr-3728	159	9	periods	period	NOUN
fsr-3728	159	10	,	,	PUNCT
fsr-3728	159	11	the	the	DET
fsr-3728	159	12	significance	significance	NOUN
fsr-3728	159	13	of	of	ADP
fsr-3728	159	14	the	the	DET
fsr-3728	159	15	unrealized	unrealized	ADJ
fsr-3728	159	16	capital	capital	NOUN
fsr-3728	159	17	gain	gain	NOUN
fsr-3728	159	18	and	and	CCONJ
fsr-3728	159	19	its	its	PRON
fsr-3728	159	20	tax	tax	NOUN
fsr-3728	159	21	liability	liability	NOUN
fsr-3728	159	22	is	be	AUX
fsr-3728	159	23	small	small	ADJ
fsr-3728	159	24	compared	compare	VERB
fsr-3728	159	25	to	to	ADP
fsr-3728	159	26	the	the	DET
fsr-3728	159	27	overall	overall	ADJ
fsr-3728	159	28	value	value	NOUN
fsr-3728	159	29	of	of	ADP
fsr-3728	159	30	the	the	DET
fsr-3728	159	31	investment	investment	NOUN
fsr-3728	159	32	.	.	PUNCT
fsr-3728	160	1	this	this	PRON
fsr-3728	160	2	causes	cause	VERB
fsr-3728	160	3	rwa	rwa	PRON
fsr-3728	160	4	and	and	CCONJ
fsr-3728	160	5	atr	atr	VERB
fsr-3728	160	6	to	to	PART
fsr-3728	160	7	converge	converge	VERB
fsr-3728	160	8	over	over	ADP
fsr-3728	160	9	time	time	NOUN
fsr-3728	160	10	.	.	PUNCT
fsr-3728	161	1	historical	historical	ADJ
fsr-3728	161	2	data	datum	NOUN
fsr-3728	161	3	to	to	PART
fsr-3728	161	4	study	study	VERB
fsr-3728	161	5	the	the	DET
fsr-3728	161	6	impact	impact	NOUN
fsr-3728	161	7	of	of	ADP
fsr-3728	161	8	turnover	turnover	NOUN
fsr-3728	161	9	on	on	ADP
fsr-3728	161	10	actual	actual	ADJ
fsr-3728	161	11	investment	investment	NOUN
fsr-3728	161	12	results	result	NOUN
fsr-3728	161	13	,	,	PUNCT
fsr-3728	161	14	five	five	NUM
fsr-3728	161	15	years	year	NOUN
fsr-3728	161	16	of	of	ADP
fsr-3728	161	17	data	datum	NOUN
fsr-3728	161	18	on	on	ADP
fsr-3728	161	19	no	no	DET
fsr-3728	161	20	-	-	PUNCT
fsr-3728	161	21	load	load	NOUN
fsr-3728	161	22	and	and	CCONJ
fsr-3728	161	23	low	low	ADJ
fsr-3728	161	24	-	-	PUNCT
fsr-3728	161	25	load	load	NOUN
fsr-3728	161	26	mutual	mutual	ADJ
fsr-3728	161	27	funds	fund	NOUN
fsr-3728	161	28	were	be	AUX
fsr-3728	161	29	examined	examine	VERB
fsr-3728	161	30	.	.	PUNCT
fsr-3728	162	1	the	the	DET
fsr-3728	162	2	data	datum	NOUN
fsr-3728	162	3	for	for	ADP
fsr-3728	162	4	this	this	DET
fsr-3728	162	5	analysis	analysis	NOUN
fsr-3728	162	6	was	be	AUX
fsr-3728	162	7	taken	take	VERB
fsr-3728	162	8	from	from	ADP
fsr-3728	162	9	the	the	DET
fsr-3728	162	10	1993	1993	NUM
fsr-3728	162	11	aa11	aa11	PROPN
fsr-3728	162	12	mutual	mutual	ADJ
fsr-3728	162	13	funds	fund	NOUN
fsr-3728	162	14	publication.4	publication.4	VERB
fsr-3728	162	15	samples	sample	NOUN
fsr-3728	162	16	of	of	ADP
fsr-3728	162	17	funds	fund	NOUN
fsr-3728	162	18	in	in	ADP
fsr-3728	162	19	the	the	DET
fsr-3728	162	20	following	follow	VERB
fsr-3728	162	21	categories	category	NOUN
fsr-3728	162	22	were	be	AUX
fsr-3728	162	23	scrutinized	scrutinize	VERB
fsr-3728	162	24	;	;	PUNCT
fsr-3728	162	25	aggressive	aggressive	ADJ
fsr-3728	162	26	growth	growth	NOUN
fsr-3728	162	27	,	,	PUNCT
fsr-3728	162	28	growth	growth	NOUN
fsr-3728	162	29	,	,	PUNCT
fsr-3728	162	30	growth	growth	NOUN
fsr-3728	162	31	and	and	CCONJ
fsr-3728	162	32	income	income	NOUN
fsr-3728	162	33	,	,	PUNCT
fsr-3728	162	34	and	and	CCONJ
fsr-3728	162	35	balanced	balanced	ADJ
fsr-3728	162	36	funds	fund	NOUN
fsr-3728	162	37	.	.	PUNCT
fsr-3728	163	1	funds	fund	NOUN
fsr-3728	163	2	that	that	PRON
fsr-3728	163	3	were	be	AUX
fsr-3728	163	4	included	include	VERB
fsr-3728	163	5	in	in	ADP
fsr-3728	163	6	the	the	DET
fsr-3728	163	7	sample	sample	NOUN
fsr-3728	163	8	had	have	VERB
fsr-3728	163	9	asset	asset	NOUN
fsr-3728	163	10	size	size	NOUN
fsr-3728	163	11	greater	great	ADJ
fsr-3728	163	12	than	than	ADP
fsr-3728	163	13	$	$	SYM
fsr-3728	163	14	100	100	NUM
fsr-3728	163	15	million	million	NUM
fsr-3728	163	16	,	,	PUNCT
fsr-3728	163	17	a	a	DET
fsr-3728	163	18	fiscal	fiscal	ADJ
fsr-3728	163	19	year	year	NOUN
fsr-3728	163	20	ending	end	VERB
fsr-3728	163	21	december	december	PROPN
fsr-3728	163	22	31	31	NUM
fsr-3728	163	23	,	,	PUNCT
fsr-3728	163	24	and	and	CCONJ
fsr-3728	163	25	five	five	NUM
fsr-3728	163	26	years	year	NOUN
fsr-3728	163	27	of	of	ADP
fsr-3728	163	28	data	datum	NOUN
fsr-3728	163	29	.	.	PUNCT
fsr-3728	164	1	the	the	DET
fsr-3728	164	2	data	datum	NOUN
fsr-3728	164	3	include	include	VERB
fsr-3728	164	4	before	before	ADP
fsr-3728	164	5	-	-	PUNCT
fsr-3728	164	6	tax	tax	NOUN
fsr-3728	164	7	performance	performance	NOUN
fsr-3728	164	8	results	result	NOUN
fsr-3728	164	9	,	,	PUNCT
fsr-3728	164	10	distributions	distribution	NOUN
fsr-3728	164	11	,	,	PUNCT
fsr-3728	164	12	net	net	ADJ
fsr-3728	164	13	asset	asset	NOUN
fsr-3728	164	14	value	value	NOUN
fsr-3728	164	15	(	(	PUNCT
fsr-3728	164	16	nav	nav	NOUN
fsr-3728	164	17	)	)	PUNCT
fsr-3728	164	18	,	,	PUNCT
fsr-3728	164	19	and	and	CCONJ
fsr-3728	164	20	reported	report	VERB
fsr-3728	164	21	portfolio	portfolio	NOUN
fsr-3728	164	22	turnover	turnover	NOUN
fsr-3728	164	23	during	during	ADP
fsr-3728	164	24	the	the	DET
fsr-3728	164	25	five	five	NUM
fsr-3728	164	26	year	year	NOUN
fsr-3728	164	27	period	period	NOUN
fsr-3728	164	28	ending	end	VERB
fsr-3728	164	29	december	december	PROPN
fsr-3728	164	30	31	31	NUM
fsr-3728	164	31	,	,	PUNCT
fsr-3728	164	32	1992	1992	NUM
fsr-3728	164	33	.	.	PUNCT
fsr-3728	165	1	using	use	VERB
fsr-3728	165	2	this	this	DET
fsr-3728	165	3	data	datum	NOUN
fsr-3728	165	4	,	,	PUNCT
fsr-3728	165	5	after	after	ADP
fsr-3728	165	6	-	-	PUNCT
fsr-3728	165	7	tax	tax	NOUN
fsr-3728	165	8	performance	performance	NOUN
fsr-3728	165	9	results	result	NOUN
fsr-3728	165	10	were	be	AUX
fsr-3728	165	11	constructed	construct	VERB
fsr-3728	165	12	.	.	PUNCT
fsr-3728	166	1	also	also	ADV
fsr-3728	166	2	,	,	PUNCT
fsr-3728	166	3	the	the	DET
fsr-3728	166	4	amount	amount	NOUN
fsr-3728	166	5	of	of	ADP
fsr-3728	166	6	unrealized	unrealized	ADJ
fsr-3728	166	7	gain	gain	NOUN
fsr-3728	166	8	that	that	PRON
fsr-3728	166	9	had	have	AUX
fsr-3728	166	10	accrued	accrue	VERB
fsr-3728	166	11	at	at	ADP
fsr-3728	166	12	the	the	DET
fsr-3728	166	13	end	end	NOUN
fsr-3728	166	14	of	of	ADP
fsr-3728	166	15	the	the	DET
fsr-3728	166	16	five	five	NUM
fsr-3728	166	17	year	year	NOUN
fsr-3728	166	18	period	period	NOUN
fsr-3728	166	19	was	be	AUX
fsr-3728	166	20	computed	compute	VERB
fsr-3728	166	21	for	for	ADP
fsr-3728	166	22	each	each	DET
fsr-3728	166	23	fund	fund	NOUN
fsr-3728	166	24	.	.	PUNCT
fsr-3728	167	1	after	after	ADP
fsr-3728	167	2	-	-	PUNCT
fsr-3728	167	3	tax	tax	NOUN
fsr-3728	167	4	mutual	mutual	ADJ
fsr-3728	167	5	fund	fund	NOUN
fsr-3728	167	6	returns	return	VERB
fsr-3728	167	7	135	135	NUM
fsr-3728	167	8	table	table	NOUN
fsr-3728	167	9	3	3	NUM
fsr-3728	167	10	.	.	PUNCT
fsr-3728	167	11	mutual	mutual	ADJ
fsr-3728	167	12	fund	fund	NOUN
fsr-3728	167	13	objective	objective	NOUN
fsr-3728	167	14	and	and	CCONJ
fsr-3728	167	15	after	after	ADP
fsr-3728	167	16	-	-	PUNCT
fsr-3728	167	17	tax	tax	NOUN
fsr-3728	167	18	returns	return	NOUN
fsr-3728	167	19	(	(	PUNCT
fsr-3728	167	20	1987	1987	NUM
fsr-3728	167	21	-	-	SYM
fsr-3728	167	22	1992	1992	NUM
fsr-3728	167	23	)	)	PUNCT
fsr-3728	167	24	attribute	attribute	NOUN
fsr-3728	167	25	aanressive	aanressive	ADJ
fsr-3728	167	26	growth	growth	NOUN
fsr-3728	167	27	investment	investment	NOUN
fsr-3728	167	28	objective	objective	ADJ
fsr-3728	167	29	growth	growth	NOUN
fsr-3728	167	30	growth	growth	NOUN
fsr-3728	167	31	&	&	CCONJ
fsr-3728	167	32	income	income	NOUN
fsr-3728	167	33	balanced	balanced	ADJ
fsr-3728	167	34	number	number	NOUN
fsr-3728	167	35	of	of	ADP
fsr-3728	167	36	funds	fund	NOUN
fsr-3728	167	37	total	total	ADJ
fsr-3728	167	38	return	return	NOUN
fsr-3728	167	39	rate	rate	NOUN
fsr-3728	167	40	of	of	ADP
fsr-3728	167	41	wealth	wealth	NOUN
fsr-3728	167	42	accumulation	accumulation	NOUN
fsr-3728	167	43	(	(	PUNCT
fsr-3728	167	44	rwa	rwa	PROPN
fsr-3728	167	45	)	)	PUNCT
fsr-3728	167	46	tax	tax	NOUN
fsr-3728	167	47	drag	drag	NOUN
fsr-3728	167	48	potential	potential	ADJ
fsr-3728	167	49	tax	tax	NOUN
fsr-3728	167	50	drag	drag	NOUN
fsr-3728	167	51	percent	percent	NOUN
fsr-3728	167	52	tax	tax	NOUN
fsr-3728	167	53	drag	drag	NOUN
fsr-3728	167	54	used	use	VERB
fsr-3728	167	55	unrealized	unrealized	ADJ
fsr-3728	167	56	capital	capital	NOUN
fsr-3728	167	57	gain	gain	NOUN
fsr-3728	167	58	as	as	ADP
fsr-3728	167	59	percent	percent	NOUN
fsr-3728	167	60	of	of	ADP
fsr-3728	167	61	wealth	wealth	NOUN
fsr-3728	167	62	yield	yield	NOUN
fsr-3728	167	63	size	size	NOUN
fsr-3728	167	64	(	(	PUNCT
fsr-3728	167	65	million$	million$	NOUN
fsr-3728	167	66	)	)	PUNCT
fsr-3728	167	67	reported	report	VERB
fsr-3728	167	68	turnover	turnover	NOUN
fsr-3728	167	69	effective	effective	ADJ
fsr-3728	167	70	turnover	turnover	NOUN
fsr-3728	167	71	12	12	NUM
fsr-3728	167	72	18.68	18.68	NUM
fsr-3728	167	73	%	%	NOUN
fsr-3728	167	74	(	(	PUNCT
fsr-3728	167	75	4.46	4.46	NUM
fsr-3728	167	76	%	%	NOUN
fsr-3728	167	77	)	)	PUNCT
fsr-3728	167	78	15.87	15.87	NUM
fsr-3728	167	79	%	%	NOUN
fsr-3728	167	80	(	(	PUNCT
fsr-3728	167	81	4.44	4.44	NUM
fsr-3728	167	82	%	%	NOUN
fsr-3728	167	83	)	)	PUNCT
fsr-3728	167	84	2.80	2.80	NUM
fsr-3728	167	85	%	%	NOUN
fsr-3728	167	86	(	(	PUNCT
fsr-3728	167	87	0.98	0.98	NUM
fsr-3728	167	88	%	%	NOUN
fsr-3728	167	89	)	)	PUNCT
fsr-3728	167	90	6.54	6.54	NUM
fsr-3728	167	91	%	%	NOUN
fsr-3728	167	92	(	(	PUNCT
fsr-3728	167	93	1.56	1.56	NUM
fsr-3728	167	94	%	%	NOUN
fsr-3728	167	95	)	)	PUNCT
fsr-3728	167	96	44.57	44.57	NUM
fsr-3728	167	97	%	%	NOUN
fsr-3728	167	98	(	(	PUNCT
fsr-3728	167	99	19.03	19.03	NUM
fsr-3728	167	100	%	%	NOUN
fsr-3728	167	101	)	)	PUNCT
fsr-3728	167	102	37.16	37.16	NUM
fsr-3728	167	103	%	%	NOUN
fsr-3728	167	104	(	(	PUNCT
fsr-3728	167	105	14.43	14.43	NUM
fsr-3728	167	106	%	%	NOUN
fsr-3728	167	107	)	)	PUNCT
fsr-3728	167	108	0.36	0.36	NUM
fsr-3728	167	109	%	%	NOUN
fsr-3728	167	110	(	(	PUNCT
fsr-3728	167	111	0.77	0.77	NUM
fsr-3728	167	112	%	%	NOUN
fsr-3728	167	113	)	)	PUNCT
fsr-3728	167	114	388	388	NUM
fsr-3728	167	115	(	(	PUNCT
fsr-3728	167	116	366	366	NUM
fsr-3728	167	117	)	)	PUNCT
fsr-3728	167	118	131.07	131.07	NUM
fsr-3728	167	119	(	(	PUNCT
fsr-3728	167	120	65.93	65.93	NUM
fsr-3728	167	121	)	)	PUNCT
fsr-3728	167	122	20.0	20.0	NUM
fsr-3728	167	123	25	25	NUM
fsr-3728	167	124	15.84	15.84	NUM
fsr-3728	167	125	%	%	NOUN
fsr-3728	167	126	(	(	PUNCT
fsr-3728	167	127	3.41	3.41	NUM
fsr-3728	167	128	%	%	NOUN
fsr-3728	167	129	)	)	PUNCT
fsr-3728	167	130	13.33	13.33	NUM
fsr-3728	167	131	%	%	NOUN
fsr-3728	167	132	(	(	PUNCT
fsr-3728	167	133	3.67	3.67	NUM
fsr-3728	167	134	%	%	NOUN
fsr-3728	167	135	)	)	PUNCT
fsr-3728	167	136	2.51	2.51	NUM
fsr-3728	167	137	%	%	NOUN
fsr-3728	167	138	(	(	PUNCT
fsr-3728	167	139	0.96	0.96	NUM
fsr-3728	167	140	%	%	NOUN
fsr-3728	167	141	)	)	PUNCT
fsr-3728	167	142	5.54	5.54	NUM
fsr-3728	167	143	%	%	NOUN
fsr-3728	167	144	(	(	PUNCT
fsr-3728	167	145	1.19	1.19	NUM
fsr-3728	167	146	%	%	NOUN
fsr-3728	167	147	)	)	PUNCT
fsr-3728	167	148	48.61	48.61	NUM
fsr-3728	167	149	%	%	NOUN
fsr-3728	167	150	(	(	PUNCT
fsr-3728	167	151	23.27	23.27	NUM
fsr-3728	167	152	%	%	NOUN
fsr-3728	167	153	)	)	PUNCT
fsr-3728	167	154	31.85	31.85	NUM
fsr-3728	167	155	%	%	NOUN
fsr-3728	167	156	(	(	PUNCT
fsr-3728	167	157	15.11	15.11	NUM
fsr-3728	167	158	%	%	NOUN
fsr-3728	167	159	)	)	PUNCT
fsr-3728	167	160	1.88	1.88	NUM
fsr-3728	167	161	%	%	NOUN
fsr-3728	167	162	(	(	PUNCT
fsr-3728	167	163	0.99	0.99	NUM
fsr-3728	167	164	%	%	NOUN
fsr-3728	167	165	)	)	PUNCT
fsr-3728	167	166	576	576	NUM
fsr-3728	167	167	(	(	PUNCT
fsr-3728	167	168	446	446	NUM
fsr-3728	167	169	)	)	PUNCT
fsr-3728	167	170	102.92	102.92	NUM
fsr-3728	167	171	(	(	PUNCT
fsr-3728	167	172	131.82	131.82	NUM
fsr-3728	167	173	)	)	PUNCT
fsr-3728	167	174	17.2	17.2	NUM
fsr-3728	167	175	9	9	NUM
fsr-3728	167	176	14.78	14.78	NUM
fsr-3728	167	177	%	%	NOUN
fsr-3728	167	178	(	(	PUNCT
fsr-3728	167	179	1.18	1.18	NUM
fsr-3728	167	180	%	%	NOUN
fsr-3728	167	181	)	)	PUNCT
fsr-3728	167	182	12.15	12.15	NUM
fsr-3728	167	183	%	%	NOUN
fsr-3728	167	184	(	(	PUNCT
fsr-3728	167	185	1.42	1.42	NUM
fsr-3728	167	186	%	%	NOUN
fsr-3728	167	187	)	)	PUNCT
fsr-3728	167	188	2.62	2.62	NUM
fsr-3728	167	189	%	%	NOUN
fsr-3728	167	190	(	(	PUNCT
fsr-3728	167	191	0.51	0.51	NUM
fsr-3728	167	192	%	%	NOUN
fsr-3728	167	193	)	)	PUNCT
fsr-3728	167	194	5.12	5.12	NUM
fsr-3728	167	195	%	%	NOUN
fsr-3728	167	196	(	(	PUNCT
fsr-3728	167	197	0.40	0.40	NUM
fsr-3728	167	198	%	%	NOUN
fsr-3728	167	199	)	)	PUNCT
fsr-3728	167	200	51.82	51.82	NUM
fsr-3728	167	201	%	%	NOUN
fsr-3728	167	202	(	(	PUNCT
fsr-3728	167	203	11.83	11.83	NUM
fsr-3728	167	204	%	%	NOUN
fsr-3728	167	205	)	)	PUNCT
fsr-3728	167	206	25.29	25.29	NUM
fsr-3728	167	207	%	%	NOUN
fsr-3728	167	208	(	(	PUNCT
fsr-3728	167	209	6.77	6.77	NUM
fsr-3728	167	210	%	%	NOUN
fsr-3728	167	211	)	)	PUNCT
fsr-3728	167	212	3.46	3.46	NUM
fsr-3728	167	213	%	%	NOUN
fsr-3728	167	214	(	(	PUNCT
fsr-3728	167	215	0.75	0.75	NUM
fsr-3728	167	216	%	%	NOUN
fsr-3728	167	217	)	)	PUNCT
fsr-3728	167	218	1,601	1,601	NUM
fsr-3728	167	219	(	(	PUNCT
fsr-3728	167	220	1,663	1,663	NUM
fsr-3728	167	221	)	)	PUNCT
fsr-3728	167	222	62.25	62.25	NUM
fsr-3728	167	223	(	(	PUNCT
fsr-3728	167	224	47.40	47.40	NUM
fsr-3728	167	225	)	)	PUNCT
fsr-3728	167	226	15.8	15.8	NUM
fsr-3728	167	227	12	12	NUM
fsr-3728	167	228	12.61	12.61	NUM
fsr-3728	167	229	%	%	NOUN
fsr-3728	167	230	(	(	PUNCT
fsr-3728	167	231	1.34	1.34	NUM
fsr-3728	167	232	%	%	NOUN
fsr-3728	167	233	)	)	PUNCT
fsr-3728	167	234	9.96	9.96	NUM
fsr-3728	167	235	%	%	NOUN
fsr-3728	167	236	(	(	PUNCT
fsr-3728	167	237	1.36	1.36	NUM
fsr-3728	167	238	%	%	NOUN
fsr-3728	167	239	)	)	PUNCT
fsr-3728	167	240	2.66	2.66	NUM
fsr-3728	167	241	%	%	NOUN
fsr-3728	167	242	(	(	PUNCT
fsr-3728	167	243	0.35	0.35	NUM
fsr-3728	167	244	%	%	NOUN
fsr-3728	167	245	)	)	PUNCT
fsr-3728	167	246	4.37	4.37	NUM
fsr-3728	167	247	%	%	NOUN
fsr-3728	167	248	(	(	PUNCT
fsr-3728	167	249	0.47	0.47	NUM
fsr-3728	167	250	%	%	NOUN
fsr-3728	167	251	)	)	PUNCT
fsr-3728	167	252	61.64	61.64	NUM
fsr-3728	167	253	%	%	NOUN
fsr-3728	167	254	(	(	PUNCT
fsr-3728	167	255	11.59	11.59	NUM
fsr-3728	167	256	%	%	NOUN
fsr-3728	167	257	)	)	PUNCT
fsr-3728	167	258	18.12	18.12	NUM
fsr-3728	167	259	%	%	NOUN
fsr-3728	167	260	(	(	PUNCT
fsr-3728	167	261	5.83	5.83	NUM
fsr-3728	167	262	%	%	NOUN
fsr-3728	167	263	)	)	PUNCT
fsr-3728	167	264	5.49	5.49	NUM
fsr-3728	167	265	%	%	NOUN
fsr-3728	167	266	(	(	PUNCT
fsr-3728	167	267	0.85	0.85	NUM
fsr-3728	167	268	%	%	NOUN
fsr-3728	167	269	)	)	PUNCT
fsr-3728	167	270	1,425	1,425	NUM
fsr-3728	167	271	(	(	PUNCT
fsr-3728	167	272	1,746	1,746	NUM
fsr-3728	167	273	)	)	PUNCT
fsr-3728	167	274	81.73	81.73	NUM
fsr-3728	167	275	(	(	PUNCT
fsr-3728	167	276	104.26	104.26	NUM
fsr-3728	167	277	)	)	PUNCT
fsr-3728	167	278	12.0	12.0	NUM
fsr-3728	167	279	note	note	NOUN
fsr-3728	167	280	:	:	PUNCT
fsr-3728	167	281	this	this	DET
fsr-3728	167	282	table	table	NOUN
fsr-3728	167	283	presents	present	VERB
fsr-3728	167	284	information	information	NOUN
fsr-3728	167	285	on	on	ADP
fsr-3728	167	286	four	four	NUM
fsr-3728	167	287	different	different	ADJ
fsr-3728	167	288	mutual	mutual	ADJ
fsr-3728	167	289	fund	fund	NOUN
fsr-3728	167	290	categories	category	NOUN
fsr-3728	167	291	.	.	PUNCT
fsr-3728	168	1	the	the	DET
fsr-3728	168	2	original	original	ADJ
fsr-3728	168	3	data	data	NOUN
fsr-3728	168	4	is	be	AUX
fsr-3728	168	5	from	from	ADP
fsr-3728	168	6	the	the	DET
fsr-3728	168	7	1993	1993	NUM
fsr-3728	168	8	aa11	aa11	PROPN
fsr-3728	168	9	mutual	mutual	ADJ
fsr-3728	168	10	funds	fund	NOUN
fsr-3728	168	11	publication	publication	NOUN
fsr-3728	168	12	.	.	PUNCT
fsr-3728	169	1	averages	average	NOUN
fsr-3728	169	2	,	,	PUNCT
fsr-3728	169	3	with	with	ADP
fsr-3728	169	4	standard	standard	ADJ
fsr-3728	169	5	deviations	deviation	NOUN
fsr-3728	169	6	in	in	ADP
fsr-3728	169	7	parentheses	parenthesis	NOUN
fsr-3728	169	8	,	,	PUNCT
fsr-3728	169	9	are	be	AUX
fsr-3728	169	10	presented	present	VERB
fsr-3728	169	11	for	for	ADP
fsr-3728	169	12	selected	select	VERB
fsr-3728	169	13	fund	fund	NOUN
fsr-3728	169	14	characteristics	characteristic	NOUN
fsr-3728	169	15	.	.	PUNCT
fsr-3728	170	1	the	the	DET
fsr-3728	170	2	derived	derive	VERB
fsr-3728	170	3	effective	effective	ADJ
fsr-3728	170	4	turnover	turnover	NOUN
fsr-3728	170	5	is	be	AUX
fsr-3728	170	6	also	also	ADV
fsr-3728	170	7	presented	present	VERB
fsr-3728	170	8	.	.	PUNCT
fsr-3728	171	1	the	the	DET
fsr-3728	171	2	statistics	statistic	NOUN
fsr-3728	171	3	based	base	VERB
fsr-3728	171	4	on	on	ADP
fsr-3728	171	5	this	this	DET
fsr-3728	171	6	analysis	analysis	NOUN
fsr-3728	171	7	are	be	AUX
fsr-3728	171	8	presented	present	VERB
fsr-3728	171	9	in	in	ADP
fsr-3728	171	10	table	table	NOUN
fsr-3728	171	11	3	3	NUM
fsr-3728	171	12	.	.	PUNCT
fsr-3728	172	1	the	the	DET
fsr-3728	172	2	average	average	NOUN
fsr-3728	172	3	for	for	ADP
fsr-3728	172	4	various	various	ADJ
fsr-3728	172	5	attributes	attribute	NOUN
fsr-3728	172	6	of	of	ADP
fsr-3728	172	7	the	the	DET
fsr-3728	172	8	samples	sample	NOUN
fsr-3728	172	9	are	be	AUX
fsr-3728	172	10	presented	present	VERB
fsr-3728	172	11	with	with	ADP
fsr-3728	172	12	standard	standard	ADJ
fsr-3728	172	13	deviations	deviation	NOUN
fsr-3728	172	14	in	in	ADP
fsr-3728	172	15	parentheses	parenthesis	NOUN
fsr-3728	172	16	.	.	PUNCT
fsr-3728	173	1	the	the	DET
fsr-3728	173	2	average	average	ADJ
fsr-3728	173	3	total	total	ADJ
fsr-3728	173	4	return	return	NOUN
fsr-3728	173	5	for	for	ADP
fsr-3728	173	6	this	this	DET
fsr-3728	173	7	period	period	NOUN
fsr-3728	173	8	was	be	AUX
fsr-3728	173	9	well	well	ADV
fsr-3728	173	10	above	above	ADP
fsr-3728	173	11	historical	historical	ADJ
fsr-3728	173	12	norms	norm	NOUN
fsr-3728	173	13	for	for	ADP
fsr-3728	173	14	the	the	DET
fsr-3728	173	15	various	various	ADJ
fsr-3728	173	16	objective	objective	ADJ
fsr-3728	173	17	categories	category	NOUN
fsr-3728	173	18	.	.	PUNCT
fsr-3728	174	1	the	the	DET
fsr-3728	174	2	after	after	ADP
fsr-3728	174	3	-	-	PUNCT
fsr-3728	174	4	tax	tax	NOUN
fsr-3728	174	5	return	return	NOUN
fsr-3728	174	6	used	use	VERB
fsr-3728	174	7	is	be	AUX
fsr-3728	174	8	the	the	DET
fsr-3728	174	9	rate	rate	NOUN
fsr-3728	174	10	of	of	ADP
fsr-3728	174	11	wealth	wealth	NOUN
fsr-3728	174	12	accumulation	accumulation	NOUN
fsr-3728	174	13	(	(	PUNCT
fsr-3728	174	14	rwa	rwa	PROPN
fsr-3728	174	15	)	)	PUNCT
fsr-3728	174	16	;	;	PUNCT
fsr-3728	174	17	the	the	DET
fsr-3728	174	18	amount	amount	NOUN
fsr-3728	174	19	by	by	ADP
fsr-3728	174	20	which	which	PRON
fsr-3728	174	21	an	an	DET
fsr-3728	174	22	investment	investment	NOUN
fsr-3728	174	23	in	in	ADP
fsr-3728	174	24	the	the	DET
fsr-3728	174	25	fund	fund	NOUN
fsr-3728	174	26	would	would	AUX
fsr-3728	174	27	have	have	AUX
fsr-3728	174	28	changed	change	VERB
fsr-3728	174	29	on	on	ADP
fsr-3728	174	30	an	an	DET
fsr-3728	174	31	annual	annual	ADJ
fsr-3728	174	32	basis	basis	NOUN
fsr-3728	174	33	after	after	ADP
fsr-3728	174	34	paying	pay	VERB
fsr-3728	174	35	taxes	taxis	NOUN
fsr-3728	174	36	on	on	ADP
fsr-3728	174	37	the	the	DET
fsr-3728	174	38	distributions	distribution	NOUN
fsr-3728	174	39	and	and	CCONJ
fsr-3728	174	40	reinvesting	reinveste	VERB
fsr-3728	174	41	the	the	DET
fsr-3728	174	42	remainder	remainder	NOUN
fsr-3728	174	43	.	.	PUNCT
fsr-3728	175	1	the	the	DET
fsr-3728	175	2	tax	tax	NOUN
fsr-3728	175	3	drag	drag	NOUN
fsr-3728	175	4	is	be	AUX
fsr-3728	175	5	the	the	DET
fsr-3728	175	6	difference	difference	NOUN
fsr-3728	175	7	between	between	ADP
fsr-3728	175	8	total	total	ADJ
fsr-3728	175	9	return	return	NOUN
fsr-3728	175	10	and	and	CCONJ
fsr-3728	175	11	the	the	DET
fsr-3728	175	12	rwa	rwa	PROPN
fsr-3728	175	13	.	.	PUNCT
fsr-3728	176	1	the	the	DET
fsr-3728	176	2	maximum	maximum	ADJ
fsr-3728	176	3	return	return	NOUN
fsr-3728	176	4	that	that	PRON
fsr-3728	176	5	could	could	AUX
fsr-3728	176	6	be	be	AUX
fsr-3728	176	7	lost	lose	VERB
fsr-3728	176	8	to	to	ADP
fsr-3728	176	9	taxes	taxis	NOUN
fsr-3728	176	10	(	(	PUNCT
fsr-3728	176	11	100	100	NUM
fsr-3728	176	12	percent	percent	NOUN
fsr-3728	176	13	effective	effective	ADJ
fsr-3728	176	14	turnover	turnover	NOUN
fsr-3728	176	15	)	)	PUNCT
fsr-3728	176	16	is	be	AUX
fsr-3728	176	17	called	call	VERB
fsr-3728	176	18	the	the	DET
fsr-3728	176	19	potential	potential	ADJ
fsr-3728	176	20	tax	tax	NOUN
fsr-3728	176	21	drag	drag	NOUN
fsr-3728	176	22	,	,	PUNCT
fsr-3728	176	23	and	and	CCONJ
fsr-3728	176	24	is	be	AUX
fsr-3728	176	25	computed	compute	VERB
fsr-3728	176	26	by	by	ADP
fsr-3728	176	27	multiplying	multiply	VERB
fsr-3728	176	28	the	the	DET
fsr-3728	176	29	total	total	ADJ
fsr-3728	176	30	return	return	NOUN
fsr-3728	176	31	by	by	ADP
fsr-3728	176	32	the	the	DET
fsr-3728	176	33	tax	tax	NOUN
fsr-3728	176	34	rate	rate	NOUN
fsr-3728	176	35	(	(	PUNCT
fsr-3728	176	36	35	35	NUM
fsr-3728	176	37	percent	percent	NOUN
fsr-3728	176	38	in	in	ADP
fsr-3728	176	39	our	our	PRON
fsr-3728	176	40	analysis	analysis	NOUN
fsr-3728	176	41	)	)	PUNCT
fsr-3728	176	42	.	.	PUNCT
fsr-3728	177	1	the	the	DET
fsr-3728	177	2	percent	percent	NOUN
fsr-3728	177	3	tax	tax	NOUN
fsr-3728	177	4	drag	drag	NOUN
fsr-3728	177	5	used	use	VERB
fsr-3728	177	6	is	be	AUX
fsr-3728	177	7	computed	compute	VERB
fsr-3728	177	8	by	by	ADP
fsr-3728	177	9	dividing	divide	VERB
fsr-3728	177	10	the	the	DET
fsr-3728	177	11	tax	tax	NOUN
fsr-3728	177	12	drag	drag	NOUN
fsr-3728	177	13	by	by	ADP
fsr-3728	177	14	the	the	DET
fsr-3728	177	15	potential	potential	ADJ
fsr-3728	177	16	tax	tax	NOUN
fsr-3728	177	17	drag	drag	NOUN
fsr-3728	177	18	.	.	PUNCT
fsr-3728	178	1	the	the	DET
fsr-3728	178	2	percent	percent	NOUN
fsr-3728	178	3	tax	tax	NOUN
fsr-3728	178	4	drag	drag	NOUN
fsr-3728	178	5	used	use	VERB
fsr-3728	178	6	is	be	AUX
fsr-3728	178	7	a	a	DET
fsr-3728	178	8	function	function	NOUN
fsr-3728	178	9	of	of	ADP
fsr-3728	178	10	the	the	DET
fsr-3728	178	11	yield	yield	NOUN
fsr-3728	178	12	and	and	CCONJ
fsr-3728	178	13	the	the	DET
fsr-3728	178	14	effective	effective	ADJ
fsr-3728	178	15	turnover	turnover	NOUN
fsr-3728	178	16	of	of	ADP
fsr-3728	178	17	the	the	DET
fsr-3728	178	18	fund	fund	NOUN
fsr-3728	178	19	.	.	PUNCT
fsr-3728	179	1	the	the	DET
fsr-3728	179	2	unrealized	unrealized	ADJ
fsr-3728	179	3	capital	capital	NOUN
fsr-3728	179	4	gain	gain	NOUN
fsr-3728	179	5	as	as	ADP
fsr-3728	179	6	a	a	DET
fsr-3728	179	7	percent	percent	NOUN
fsr-3728	179	8	of	of	ADP
fsr-3728	179	9	end	end	NOUN
fsr-3728	179	10	-	-	PUNCT
fsr-3728	179	11	of	of	ADP
fsr-3728	179	12	-	-	PUNCT
fsr-3728	179	13	period	period	NOUN
fsr-3728	179	14	wealth	wealth	NOUN
fsr-3728	179	15	gives	give	VERB
fsr-3728	179	16	an	an	DET
fsr-3728	179	17	indication	indication	NOUN
fsr-3728	179	18	of	of	ADP
fsr-3728	179	19	the	the	DET
fsr-3728	179	20	potential	potential	ADJ
fsr-3728	179	21	tax	tax	NOUN
fsr-3728	179	22	liability	liability	NOUN
fsr-3728	179	23	imbedded	imbed	VERB
fsr-3728	179	24	in	in	ADP
fsr-3728	179	25	the	the	DET
fsr-3728	179	26	share	share	NOUN
fsr-3728	179	27	price	price	NOUN
fsr-3728	179	28	.	.	PUNCT
fsr-3728	180	1	the	the	DET
fsr-3728	180	2	reported	report	VERB
fsr-3728	180	3	turnover	turnover	NOUN
fsr-3728	180	4	shown	show	VERB
fsr-3728	180	5	in	in	ADP
fsr-3728	180	6	table	table	NOUN
fsr-3728	180	7	3	3	NUM
fsr-3728	180	8	is	be	AUX
fsr-3728	180	9	the	the	DET
fsr-3728	180	10	average	average	NOUN
fsr-3728	180	11	of	of	ADP
fsr-3728	180	12	the	the	DET
fsr-3728	180	13	annual	annual	ADJ
fsr-3728	180	14	reported	report	VERB
fsr-3728	180	15	turnover	turnover	NOUN
fsr-3728	180	16	for	for	ADP
fsr-3728	180	17	the	the	DET
fsr-3728	180	18	five	five	NUM
fsr-3728	180	19	year	year	NOUN
fsr-3728	180	20	period	period	NOUN
fsr-3728	180	21	.	.	PUNCT
fsr-3728	181	1	if	if	SCONJ
fsr-3728	181	2	a	a	DET
fsr-3728	181	3	fund	fund	NOUN
fsr-3728	181	4	with	with	ADP
fsr-3728	181	5	100	100	NUM
fsr-3728	181	6	percent	percent	NOUN
fsr-3728	181	7	turnover	turnover	NOUN
fsr-3728	181	8	literally	literally	ADV
fsr-3728	181	9	sold	sell	VERB
fsr-3728	181	10	every	every	DET
fsr-3728	181	11	security	security	NOUN
fsr-3728	181	12	and	and	CCONJ
fsr-3728	181	13	reinvested	reinveste	VERB
fsr-3728	181	14	the	the	DET
fsr-3728	181	15	proceeds	proceed	NOUN
fsr-3728	181	16	,	,	PUNCT
fsr-3728	181	17	then	then	ADV
fsr-3728	181	18	all	all	DET
fsr-3728	181	19	gains	gain	NOUN
fsr-3728	181	20	accrued	accrue	VERB
fsr-3728	181	21	in	in	ADP
fsr-3728	181	22	the	the	DET
fsr-3728	181	23	past	past	NOUN
fsr-3728	181	24	would	would	AUX
fsr-3728	181	25	be	be	AUX
fsr-3728	181	26	realized	realize	VERB
fsr-3728	181	27	.	.	PUNCT
fsr-3728	182	1	this	this	PRON
fsr-3728	182	2	is	be	AUX
fsr-3728	182	3	obviously	obviously	ADV
fsr-3728	182	4	not	not	PART
fsr-3728	182	5	what	what	PRON
fsr-3728	182	6	happens	happen	VERB
fsr-3728	182	7	with	with	ADP
fsr-3728	182	8	most	most	ADJ
fsr-3728	182	9	high	high	ADJ
fsr-3728	182	10	turnover	turnover	NOUN
fsr-3728	182	11	funds	fund	NOUN
fsr-3728	182	12	.	.	PUNCT
fsr-3728	183	1	the	the	DET
fsr-3728	183	2	correlation	correlation	NOUN
fsr-3728	183	3	between	between	ADP
fsr-3728	183	4	the	the	DET
fsr-3728	183	5	reported	report	VERB
fsr-3728	183	6	turnover	turnover	NOUN
fsr-3728	183	7	and	and	CCONJ
fsr-3728	183	8	return	return	NOUN
fsr-3728	183	9	lost	lose	VERB
fsr-3728	183	10	to	to	ADP
fsr-3728	183	11	taxes	taxis	NOUN
fsr-3728	183	12	for	for	ADP
fsr-3728	183	13	the	the	DET
fsr-3728	183	14	aggressive	aggressive	ADJ
fsr-3728	183	15	growth	growth	NOUN
fsr-3728	183	16	and	and	CCONJ
fsr-3728	183	17	growth	growth	NOUN
fsr-3728	183	18	funds	fund	NOUN
fsr-3728	183	19	was	be	AUX
fsr-3728	183	20	only	only	ADV
fsr-3728	183	21	0.250	0.250	NUM
fsr-3728	183	22	.	.	PUNCT
fsr-3728	184	1	a	a	DET
fsr-3728	184	2	high	high	ADJ
fsr-3728	184	3	turnover	turnover	NOUN
fsr-3728	184	4	management	management	NOUN
fsr-3728	184	5	style	style	NOUN
fsr-3728	184	6	does	do	AUX
fsr-3728	184	7	not	not	PART
fsr-3728	184	8	necessarily	necessarily	ADV
fsr-3728	184	9	lead	lead	VERB
fsr-3728	184	10	to	to	ADP
fsr-3728	184	11	large	large	ADJ
fsr-3728	184	12	capital	capital	NOUN
fsr-3728	184	13	gains	gain	NOUN
fsr-3728	184	14	distribu	distribu	NOUN
fsr-3728	184	15	m	m	VERB
fsr-3728	184	16	ut	ut	PROPN
fsr-3728	184	17	ua	ua	PROPN
fsr-3728	185	1	l	l	PROPN
fsr-3728	186	1	f	f	PROPN
fsr-3728	187	1	un	un	PROPN
fsr-3728	188	1	d	d	PROPN
fsr-3728	188	2	g	g	PROPN
fsr-3728	188	3	ab	ab	PROPN
fsr-3728	188	4	el	el	PROPN
fsr-3728	188	5	li	li	PROPN
fsr-3728	189	1	g	g	PROPN
fsr-3728	189	2	ro	ro	PROPN
fsr-3728	189	3	w	w	PROPN
fsr-3728	189	4	th	th	X
fsr-3728	189	5	t	t	NOUN
fsr-3728	189	6	a	a	DET
fsr-3728	189	7	b	b	NOUN
fsr-3728	189	8	l	l	NOUN
fsr-3728	189	9	e	e	NOUN
fsr-3728	189	10	4	4	NUM
fsr-3728	189	11	.	.	PUNCT
fsr-3728	190	1	5i	5i	NUM
fsr-3728	190	2	p	p	NOUN
fsr-3728	191	1	er	er	INTJ
fsr-3728	191	2	fo	fo	INTJ
fsr-3728	191	3	rm	rm	PROPN
fsr-3728	191	4	an	an	DET
fsr-3728	191	5	ce	ce	PROPN
fsr-3728	192	1	c	c	NOUN
fsr-3728	192	2	ha	ha	INTJ
fsr-3728	192	3	ra	ra	INTJ
fsr-3728	193	1	ct	ct	INTJ
fsr-3728	193	2	er	er	INTJ
fsr-3728	193	3	is	be	AUX
fsr-3728	193	4	ti	ti	X
fsr-3728	193	5	cs	cs	ADJ
fsr-3728	193	6	o	o	X
fsr-3728	193	7	f	f	X
fsr-3728	193	8	m	m	VERB
fsr-3728	193	9	ut	ut	PROPN
fsr-3728	194	1	ua	ua	PROPN
fsr-3728	195	1	l	l	PROPN
fsr-3728	196	1	f	f	PROPN
fsr-3728	197	1	un	un	PROPN
fsr-3728	198	1	d	d	PROPN
fsr-3728	198	2	sa	sa	PROPN
fsr-3728	198	3	m	m	VERB
fsr-3728	198	4	pl	pl	PROPN
fsr-3728	198	5	e	e	X
fsr-3728	198	6	w	w	NOUN
fsr-3728	198	7	it	it	PRON
fsr-3728	199	1	h	h	INTJ
fsr-3728	199	2	g	g	PROPN
fsr-3728	199	3	ro	ro	PROPN
fsr-3728	199	4	w	w	X
fsr-3728	199	5	th	th	INTJ
fsr-3728	199	6	o	o	NOUN
fsr-3728	199	7	bj	bj	ADP
fsr-3728	199	8	ec	ec	PROPN
fsr-3728	199	9	ti	ti	NOUN
fsr-3728	199	10	ve	ve	VERB
fsr-3728	199	11	p	p	X
fsr-3728	199	12	ot	ot	INTJ
fsr-3728	199	13	en	en	X
fsr-3728	199	14	ti	ti	PROPN
fsr-3728	199	15	al	al	PROPN
fsr-3728	199	16	t	t	PROPN
fsr-3728	199	17	ax	ax	NOUN
fsr-3728	199	18	t	t	PROPN
fsr-3728	199	19	ax	ax	NOUN
fsr-3728	200	1	d	d	X
fsr-3728	200	2	ra	ra	PROPN
fsr-3728	200	3	g	g	PROPN
fsr-3728	200	4	r	r	PROPN
fsr-3728	200	5	ep	ep	PROPN
fsr-3728	200	6	or	or	CCONJ
fsr-3728	200	7	te	te	X
fsr-3728	200	8	d	d	X
fsr-3728	200	9	e	e	X
fsr-3728	200	10	ff	ff	X
fsr-3728	200	11	ec	ec	PROPN
fsr-3728	200	12	ti	ti	PROPN
fsr-3728	200	13	ve	ve	VERB
fsr-3728	200	14	t	t	PROPN
fsr-3728	200	15	ot	ot	INTJ
fsr-3728	200	16	al	al	PROPN
fsr-3728	200	17	r	r	NOUN
fsr-3728	200	18	et	et	NOUN
fsr-3728	201	1	ur	ur	INTJ
fsr-3728	201	2	n	n	ADV
fsr-3728	201	3	r	r	NOUN
fsr-3728	201	4	a	a	DET
fsr-3728	201	5	w	w	NOUN
fsr-3728	201	6	t	t	NOUN
fsr-3728	201	7	ax	ax	NOUN
fsr-3728	202	1	d	d	X
fsr-3728	202	2	ra	ra	PROPN
fsr-3728	202	3	g	g	PROPN
fsr-3728	203	1	d	d	PROPN
fsr-3728	203	2	ra	ra	PROPN
fsr-3728	203	3	g	g	PROPN
fsr-3728	203	4	u	u	PROPN
fsr-3728	203	5	se	se	PROPN
fsr-3728	204	1	d	d	PROPN
fsr-3728	204	2	c	c	AUX
fsr-3728	204	3	ap	ap	PROPN
fsr-3728	204	4	it	it	PRON
fsr-3728	205	1	al	al	PROPN
fsr-3728	205	2	g	g	PROPN
fsr-3728	205	3	ai	ai	VERB
fsr-3728	205	4	n	n	ADV
fsr-3728	205	5	t	t	NOUN
fsr-3728	205	6	ur	ur	INTJ
fsr-3728	205	7	no	no	INTJ
fsr-3728	205	8	ve	ve	NOUN
fsr-3728	205	9	r	r	NOUN
fsr-3728	205	10	t	t	NOUN
fsr-3728	205	11	ur	ur	INTJ
fsr-3728	205	12	no	no	INTJ
fsr-3728	205	13	ve	ve	NOUN
fsr-3728	205	14	r	r	NOUN
fsr-3728	205	15	d	d	PROPN
fsr-3728	205	16	iv	iv	NUM
fsr-3728	205	17	y	y	PROPN
fsr-3728	205	18	ie	ie	X
fsr-3728	205	19	ld	ld	PROPN
fsr-3728	205	20	21	21	NUM
fsr-3728	205	21	.4	.4	NUM
fsr-3728	205	22	0	0	NUM
fsr-3728	205	23	%	%	NOUN
fsr-3728	205	24	20	20	NUM
fsr-3728	205	25	.0	.0	NUM
fsr-3728	205	26	4	4	NUM
fsr-3728	205	27	%	%	NOUN
fsr-3728	205	28	1	1	NUM
fsr-3728	205	29	.	.	NUM
fsr-3728	205	30	36	36	NUM
fsr-3728	205	31	%	%	NOUN
fsr-3728	205	32	4	4	NUM
fsr-3728	205	33	.	.	NOUN
fsr-3728	205	34	88	88	NUM
fsr-3728	205	35	%	%	NOUN
fsr-3728	205	36	1	1	NUM
fsr-3728	205	37	.	.	NOUN
fsr-3728	205	38	41	41	NUM
fsr-3728	205	39	%	%	NOUN
fsr-3728	205	40	t	t	NOUN
fsr-3728	205	41	.	.	PUNCT
fsr-3728	206	1	r	r	NOUN
fsr-3728	206	2	ow	ow	PROPN
fsr-3728	206	3	e	e	PROPN
fsr-3728	206	4	p	p	PROPN
fsr-3728	206	5	ri	ri	PROPN
fsr-3728	206	6	ce	ce	PROPN
fsr-3728	206	7	n	n	PROPN
fsr-3728	206	8	ew	ew	INTJ
fsr-3728	206	9	a	a	DET
fsr-3728	206	10	m	m	NOUN
fsr-3728	206	11	g	g	NOUN
fsr-3728	206	12	r	r	NOUN
fsr-3728	206	13	20	20	NUM
fsr-3728	206	14	.6	.6	NUM
fsr-3728	206	15	0	0	NUM
fsr-3728	206	16	%	%	NOUN
fsr-3728	207	1	n	n	CCONJ
fsr-3728	207	2	ic	ic	INTJ
fsr-3728	207	3	h	h	NOUN
fsr-3728	207	4	ol	ol	ADJ
fsr-3728	207	5	as	as	ADP
fsr-3728	207	6	l	l	PROPN
fsr-3728	207	7	ii	ii	PROPN
fsr-3728	208	1	te	te	PROPN
fsr-3728	208	2	d	d	PROPN
fsr-3728	208	3	e	e	PROPN
fsr-3728	208	4	d	d	PROPN
fsr-3728	208	5	19	19	NUM
fsr-3728	208	6	.6	.6	NUM
fsr-3728	208	7	0	0	NUM
fsr-3728	208	8	%	%	NOUN
fsr-3728	208	9	m	m	NOUN
fsr-3728	208	10	on	on	ADP
fsr-3728	208	11	et	et	NOUN
fsr-3728	208	12	ta	ta	ADP
fsr-3728	208	13	21	21	NUM
fsr-3728	208	14	.0	.0	NUM
fsr-3728	208	15	0	0	NUM
fsr-3728	208	16	%	%	NOUN
fsr-3728	208	17	s	s	VERB
fsr-3728	208	18	tr	tr	VERB
fsr-3728	208	19	on	on	ADP
fsr-3728	208	20	g	g	PROPN
fsr-3728	208	21	d	d	PROPN
fsr-3728	208	22	is	be	AUX
fsr-3728	208	23	co	co	VERB
fsr-3728	208	24	ve	ve	VERB
fsr-3728	208	25	ry	ry	VERB
fsr-3728	208	26	20	20	NUM
fsr-3728	208	27	.6	.6	NUM
fsr-3728	208	28	0	0	NUM
fsr-3728	208	29	%	%	NOUN
fsr-3728	208	30	a	a	DET
fsr-3728	208	31	co	co	X
fsr-3728	208	32	rn	rn	PROPN
fsr-3728	208	33	18	18	NUM
fsr-3728	209	1	.6	.6	NUM
fsr-3728	209	2	0	0	NUM
fsr-3728	209	3	%	%	NOUN
fsr-3728	209	4	f	f	PROPN
fsr-3728	209	5	i	i	PROPN
fsr-3728	209	6	d	d	PROPN
fsr-3728	209	7	el	el	PROPN
fsr-3728	210	1	it	it	PRON
fsr-3728	211	1	y	y	PROPN
fsr-3728	211	2	t	t	PROPN
fsr-3728	211	3	re	re	PROPN
fsr-3728	211	4	n	n	PROPN
fsr-3728	211	5	d	d	PROPN
fsr-3728	211	6	17	17	NUM
fsr-3728	211	7	.8	.8	NUM
fsr-3728	211	8	0	0	NUM
fsr-3728	211	9	%	%	NOUN
fsr-3728	211	10	g	g	NOUN
fsr-3728	211	11	in	in	ADP
fsr-3728	211	12	te	te	ADP
fsr-3728	211	13	l	l	NOUN
fsr-3728	211	14	16	16	NUM
fsr-3728	211	15	.5	.5	NUM
fsr-3728	211	16	0	0	NUM
fsr-3728	211	17	%	%	NOUN
fsr-3728	211	18	d	d	NOUN
fsr-3728	211	19	re	re	ADP
fsr-3728	211	20	yf	yf	NOUN
fsr-3728	211	21	u	u	PROPN
fsr-3728	211	22	s	s	PROPN
fsr-3728	211	23	a	a	DET
fsr-3728	211	24	pp	pp	ADJ
fsr-3728	211	25	re	re	ADP
fsr-3728	211	26	ci	ci	NOUN
fsr-3728	211	27	at	at	ADP
fsr-3728	211	28	io	io	PROPN
fsr-3728	211	29	n	n	ADV
fsr-3728	211	30	16	16	NUM
fsr-3728	211	31	.0	.0	NUM
fsr-3728	211	32	0	0	NUM
fsr-3728	211	33	%	%	NOUN
fsr-3728	211	34	v	v	ADP
fsr-3728	211	35	al	al	PROPN
fsr-3728	211	36	u	u	PROPN
fsr-3728	211	37	e	e	PROPN
fsr-3728	211	38	l	l	NOUN
fsr-3728	211	39	in	in	ADP
fsr-3728	211	40	e	e	PROPN
fsr-3728	211	41	f	f	PROPN
fsr-3728	211	42	u	u	PROPN
fsr-3728	211	43	n	n	PROPN
fsr-3728	211	44	d	d	PROPN
fsr-3728	211	45	17	17	NUM
fsr-3728	211	46	.3	.3	NUM
fsr-3728	211	47	0	0	NUM
fsr-3728	211	48	%	%	NOUN
fsr-3728	211	49	g	g	PROPN
fsr-3728	211	50	ab	ab	PROPN
fsr-3728	211	51	el	el	PROPN
fsr-3728	211	52	ti	ti	PROPN
fsr-3728	211	53	a	a	DET
fsr-3728	211	54	ss	ss	NOUN
fsr-3728	211	55	et	et	NOUN
fsr-3728	211	56	16	16	NUM
fsr-3728	211	57	.3	.3	NUM
fsr-3728	211	58	0	0	NUM
fsr-3728	211	59	%	%	NOUN
fsr-3728	211	60	v	v	ADP
fsr-3728	211	61	an	an	DET
fsr-3728	211	62	gu	gu	NOUN
fsr-3728	211	63	ar	ar	PROPN
fsr-3728	211	64	d	d	PROPN
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fsr-3728	219	20	.	.	PUNCT
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fsr-3728	250	19	3	3	NUM
fsr-3728	250	20	.	.	NOUN
fsr-3728	250	21	16	16	NUM
fsr-3728	250	22	%	%	NOUN
fsr-3728	250	23	1	1	NUM
fsr-3728	250	24	.	.	NUM
fsr-3728	250	25	63	63	NUM
fsr-3728	250	26	%	%	NOUN
fsr-3728	250	27	1	1	NUM
fsr-3728	250	28	.	.	X
fsr-3728	250	29	75	75	NUM
fsr-3728	250	30	%	%	NOUN
fsr-3728	250	31	0	0	NUM
fsr-3728	250	32	.	.	NOUN
fsr-3728	250	33	80	80	NUM
fsr-3728	250	34	%	%	NOUN
fsr-3728	250	35	2	2	NUM
fsr-3728	250	36	.	.	X
fsr-3728	250	37	47	47	NUM
fsr-3728	250	38	%	%	NOUN
fsr-3728	250	39	2	2	NUM
fsr-3728	250	40	.	.	NUM
fsr-3728	250	41	48	48	NUM
fsr-3728	250	42	%	%	NOUN
fsr-3728	250	43	1	1	NUM
fsr-3728	250	44	.	.	NOUN
fsr-3728	250	45	03	03	NUM
fsr-3728	251	1	%	%	NOUN
fsr-3728	251	2	0	0	NUM
fsr-3728	251	3	.	.	NOUN
fsr-3728	252	1	95	95	NUM
fsr-3728	252	2	%	%	NOUN
fsr-3728	252	3	2	2	NUM
fsr-3728	252	4	.	.	NOUN
fsr-3728	252	5	17	17	NUM
fsr-3728	252	6	%	%	NOUN
fsr-3728	252	7	1	1	NUM
fsr-3728	252	8	.	.	X
fsr-3728	252	9	76	76	NUM
fsr-3728	252	10	%	%	NOUN
fsr-3728	252	11	2	2	NUM
fsr-3728	252	12	.	.	NOUN
fsr-3728	252	13	22	22	NUM
fsr-3728	252	14	%	%	NOUN
fsr-3728	252	15	3	3	NUM
fsr-3728	252	16	.	.	NOUN
fsr-3728	252	17	28	28	NUM
fsr-3728	252	18	%	%	NOUN
fsr-3728	252	19	1	1	NUM
fsr-3728	252	20	.	.	X
fsr-3728	252	21	34	34	NUM
fsr-3728	252	22	%	%	NOUN
fsr-3728	252	23	3	3	NUM
fsr-3728	252	24	.	.	NOUN
fsr-3728	252	25	65	65	NUM
fsr-3728	252	26	%	%	NOUN
fsr-3728	252	27	1	1	NUM
fsr-3728	252	28	.	.	X
fsr-3728	252	29	77	77	NUM
fsr-3728	252	30	%	%	NOUN
fsr-3728	252	31	1	1	NUM
fsr-3728	252	32	.	.	NOUN
fsr-3728	252	33	96	96	NUM
fsr-3728	252	34	%	%	NOUN
fsr-3728	252	35	4	4	NUM
fsr-3728	252	36	.	.	X
fsr-3728	252	37	53	53	NUM
fsr-3728	252	38	%	%	NOUN
fsr-3728	252	39	u	u	NOUN
fsr-3728	252	40	q	q	PROPN
fsr-3728	252	41	!	!	PUNCT
fsr-3728	252	42	&	&	CCONJ
fsr-3728	252	43	a	a	DET
fsr-3728	252	44	ve	ve	VERB
fsr-3728	252	45	ra	ra	PROPN
fsr-3728	252	46	ge	ge	PROPN
fsr-3728	252	47	s	s	PROPN
fsr-3728	252	48	ta	ta	PROPN
fsr-3728	252	49	n	n	PROPN
fsr-3728	252	50	da	da	PROPN
fsr-3728	252	51	rd	rd	PROPN
fsr-3728	252	52	d	d	PROPN
fsr-3728	252	53	ev	ev	X
fsr-3728	252	54	ia	ia	PROPN
fsr-3728	252	55	ti	ti	PROPN
fsr-3728	252	56	on	on	ADP
fsr-3728	252	57	15	15	NUM
fsr-3728	252	58	.8	.8	NUM
fsr-3728	252	59	4	4	NUM
fsr-3728	252	60	%	%	NOUN
fsr-3728	252	61	3	3	NUM
fsr-3728	252	62	.	.	NOUN
fsr-3728	252	63	41	41	NUM
fsr-3728	252	64	%	%	NOUN
fsr-3728	252	65	13	13	NUM
fsr-3728	252	66	.3	.3	NUM
fsr-3728	252	67	3	3	NUM
fsr-3728	252	68	%	%	NOUN
fsr-3728	252	69	3	3	NUM
fsr-3728	252	70	.	.	NOUN
fsr-3728	252	71	67	67	NUM
fsr-3728	252	72	%	%	NOUN
fsr-3728	252	73	2	2	NUM
fsr-3728	252	74	.	.	NOUN
fsr-3728	252	75	51	51	NUM
fsr-3728	252	76	%	%	NOUN
fsr-3728	252	77	0	0	NUM
fsr-3728	252	78	.	.	PUNCT
fsr-3728	253	1	96	96	NUM
fsr-3728	253	2	%	%	NOUN
fsr-3728	253	3	5	5	NUM
fsr-3728	253	4	.	.	NOUN
fsr-3728	253	5	54	54	NUM
fsr-3728	253	6	%	%	NOUN
fsr-3728	253	7	1	1	NUM
fsr-3728	253	8	.	.	NOUN
fsr-3728	253	9	19	19	NUM
fsr-3728	253	10	%	%	NOUN
fsr-3728	253	11	48	48	NUM
fsr-3728	253	12	.6	.6	NUM
fsr-3728	253	13	1	1	NUM
fsr-3728	253	14	%	%	NOUN
fsr-3728	253	15	23	23	NUM
fsr-3728	253	16	.2	.2	NUM
fsr-3728	253	17	6	6	NUM
fsr-3728	253	18	%	%	NOUN
fsr-3728	253	19	31	31	NUM
fsr-3728	253	20	.8	.8	NUM
fsr-3728	253	21	5	5	NUM
fsr-3728	253	22	%	%	NOUN
fsr-3728	253	23	15	15	NUM
fsr-3728	253	24	.1	.1	NUM
fsr-3728	253	25	1	1	NUM
fsr-3728	253	26	%	%	NOUN
fsr-3728	253	27	10	10	NUM
fsr-3728	253	28	3	3	NUM
fsr-3728	253	29	.	.	X
fsr-3728	253	30	92	92	NUM
fsr-3728	253	31	%	%	NOUN
fsr-3728	253	32	13	13	NUM
fsr-3728	253	33	2	2	NUM
fsr-3728	253	34	.	.	X
fsr-3728	253	35	82	82	NUM
fsr-3728	253	36	%	%	NOUN
fsr-3728	253	37	1	1	NUM
fsr-3728	253	38	.	.	NUM
fsr-3728	253	39	88	88	NUM
fsr-3728	253	40	%	%	NOUN
fsr-3728	253	41	0	0	NUM
fsr-3728	253	42	.	.	PROPN
fsr-3728	253	43	99	99	NUM
fsr-3728	253	44	%	%	NOUN
fsr-3728	253	45	after	after	ADP
fsr-3728	253	46	-	-	PUNCT
fsr-3728	253	47	tax	tax	NOUN
fsr-3728	253	48	mutual	mutual	ADJ
fsr-3728	253	49	fund	fund	NOUN
fsr-3728	253	50	returns	return	VERB
fsr-3728	253	51	137	137	NUM
fsr-3728	253	52	tions	tion	NOUN
fsr-3728	253	53	.	.	PUNCT
fsr-3728	254	1	this	this	PRON
fsr-3728	254	2	is	be	AUX
fsr-3728	254	3	because	because	SCONJ
fsr-3728	254	4	mutual	mutual	ADJ
fsr-3728	254	5	fund	fund	NOUN
fsr-3728	254	6	managers	manager	NOUN
fsr-3728	254	7	do	do	AUX
fsr-3728	254	8	not	not	PART
fsr-3728	254	9	sell	sell	VERB
fsr-3728	254	10	a	a	DET
fsr-3728	254	11	uniform	uniform	ADJ
fsr-3728	254	12	proportion	proportion	NOUN
fsr-3728	254	13	of	of	ADP
fsr-3728	254	14	their	their	PRON
fsr-3728	254	15	assets	asset	NOUN
fsr-3728	254	16	.	.	PUNCT
fsr-3728	255	1	on	on	ADP
fsr-3728	255	2	average	average	ADJ
fsr-3728	255	3	,	,	PUNCT
fsr-3728	255	4	fund	fund	NOUN
fsr-3728	255	5	managers	manager	NOUN
fsr-3728	255	6	sell	sell	VERB
fsr-3728	255	7	more	more	ADJ
fsr-3728	255	8	losers	loser	NOUN
fsr-3728	255	9	than	than	ADP
fsr-3728	255	10	winners	winner	NOUN
fsr-3728	255	11	.	.	PUNCT
fsr-3728	256	1	in	in	ADP
fsr-3728	256	2	order	order	NOUN
fsr-3728	256	3	to	to	PART
fsr-3728	256	4	relate	relate	VERB
fsr-3728	256	5	capital	capital	NOUN
fsr-3728	256	6	gains	gain	NOUN
fsr-3728	256	7	distributions	distribution	NOUN
fsr-3728	256	8	to	to	ADP
fsr-3728	256	9	turnover	turnover	NOUN
fsr-3728	256	10	,	,	PUNCT
fsr-3728	256	11	an	an	DET
fsr-3728	256	12	effective	effective	ADJ
fsr-3728	256	13	turnover	turnover	NOUN
fsr-3728	256	14	estimate	estimate	NOUN
fsr-3728	256	15	was	be	AUX
fsr-3728	256	16	derived	derive	VERB
fsr-3728	256	17	based	base	VERB
fsr-3728	256	18	on	on	ADP
fsr-3728	256	19	the	the	DET
fsr-3728	256	20	amount	amount	NOUN
fsr-3728	256	21	of	of	ADP
fsr-3728	256	22	total	total	ADJ
fsr-3728	256	23	return	return	NOUN
fsr-3728	256	24	lost	lose	VERB
fsr-3728	256	25	to	to	ADP
fsr-3728	256	26	taxes	taxis	NOUN
fsr-3728	256	27	because	because	SCONJ
fsr-3728	256	28	of	of	ADP
fsr-3728	256	29	realized	realize	VERB
fsr-3728	256	30	capital	capital	NOUN
fsr-3728	256	31	gains	gain	NOUN
fsr-3728	256	32	.	.	PUNCT
fsr-3728	257	1	the	the	DET
fsr-3728	257	2	effective	effective	ADJ
fsr-3728	257	3	turnover	turnover	NOUN
fsr-3728	257	4	figure	figure	NOUN
fsr-3728	257	5	is	be	AUX
fsr-3728	257	6	the	the	DET
fsr-3728	257	7	amount	amount	NOUN
fsr-3728	257	8	of	of	ADP
fsr-3728	257	9	uniform	uniform	ADJ
fsr-3728	257	10	turnover	turnover	NOUN
fsr-3728	257	11	that	that	PRON
fsr-3728	257	12	would	would	AUX
fsr-3728	257	13	cause	cause	VERB
fsr-3728	257	14	the	the	DET
fsr-3728	257	15	fund	fund	NOUN
fsr-3728	257	16	category	category	NOUN
fsr-3728	257	17	to	to	PART
fsr-3728	257	18	distribute	distribute	VERB
fsr-3728	257	19	the	the	DET
fsr-3728	257	20	amount	amount	NOUN
fsr-3728	257	21	of	of	ADP
fsr-3728	257	22	capital	capital	NOUN
fsr-3728	257	23	gains	gain	NOUN
fsr-3728	257	24	that	that	PRON
fsr-3728	257	25	were	be	AUX
fsr-3728	257	26	distributed	distribute	VERB
fsr-3728	257	27	over	over	ADP
fsr-3728	257	28	the	the	DET
fsr-3728	257	29	five	five	NUM
fsr-3728	257	30	year	year	NOUN
fsr-3728	257	31	period	period	NOUN
fsr-3728	257	32	?	?	PUNCT
fsr-3728	258	1	although	although	SCONJ
fsr-3728	258	2	the	the	DET
fsr-3728	258	3	derived	derive	VERB
fsr-3728	258	4	effective	effective	ADJ
fsr-3728	258	5	turnover	turnover	NOUN
fsr-3728	258	6	rate	rate	NOUN
fsr-3728	258	7	is	be	AUX
fsr-3728	258	8	only	only	ADV
fsr-3728	258	9	a	a	DET
fsr-3728	258	10	small	small	ADJ
fsr-3728	258	11	proportion	proportion	NOUN
fsr-3728	258	12	of	of	ADP
fsr-3728	258	13	the	the	DET
fsr-3728	258	14	average	average	NOUN
fsr-3728	258	15	reported	report	VERB
fsr-3728	258	16	turnover	turnover	NOUN
fsr-3728	258	17	rate	rate	NOUN
fsr-3728	258	18	,	,	PUNCT
fsr-3728	258	19	it	it	PRON
fsr-3728	258	20	still	still	ADV
fsr-3728	258	21	has	have	VERB
fsr-3728	258	22	a	a	DET
fsr-3728	258	23	substantial	substantial	ADJ
fsr-3728	258	24	effect	effect	NOUN
fsr-3728	258	25	since	since	SCONJ
fsr-3728	258	26	only	only	ADV
fsr-3728	258	27	a	a	DET
fsr-3728	258	28	small	small	ADJ
fsr-3728	258	29	amount	amount	NOUN
fsr-3728	258	30	of	of	ADP
fsr-3728	258	31	effective	effective	ADJ
fsr-3728	258	32	turnover	turnover	NOUN
fsr-3728	258	33	creates	create	VERB
fsr-3728	258	34	a	a	DET
fsr-3728	258	35	large	large	ADJ
fsr-3728	258	36	amount	amount	NOUN
fsr-3728	258	37	of	of	ADP
fsr-3728	258	38	tax	tax	NOUN
fsr-3728	258	39	drag	drag	NOUN
fsr-3728	258	40	.	.	PUNCT
fsr-3728	259	1	the	the	DET
fsr-3728	259	2	effective	effective	ADJ
fsr-3728	259	3	turnover	turnover	NOUN
fsr-3728	259	4	for	for	ADP
fsr-3728	259	5	the	the	DET
fsr-3728	259	6	growth	growth	NOUN
fsr-3728	259	7	fund	fund	NOUN
fsr-3728	259	8	category	category	NOUN
fsr-3728	259	9	will	will	AUX
fsr-3728	259	10	be	be	AUX
fsr-3728	259	11	examined	examine	VERB
fsr-3728	259	12	in	in	ADP
fsr-3728	259	13	detail	detail	NOUN
fsr-3728	259	14	below	below	ADV
fsr-3728	259	15	.	.	PUNCT
fsr-3728	260	1	the	the	DET
fsr-3728	260	2	tax	tax	NOUN
fsr-3728	260	3	drag	drag	NOUN
fsr-3728	260	4	is	be	AUX
fsr-3728	260	5	fairly	fairly	ADV
fsr-3728	260	6	uniform	uniform	ADJ
fsr-3728	260	7	across	across	ADP
fsr-3728	260	8	investment	investment	NOUN
fsr-3728	260	9	objective	objective	ADJ
fsr-3728	260	10	categories	category	NOUN
fsr-3728	260	11	,	,	PUNCT
fsr-3728	260	12	ranging	range	VERB
fsr-3728	260	13	from	from	ADP
fsr-3728	260	14	2.51	2.51	NUM
fsr-3728	260	15	-	-	SYM
fsr-3728	260	16	2.80	2.80	NUM
fsr-3728	260	17	percent	percent	NOUN
fsr-3728	260	18	.	.	PUNCT
fsr-3728	261	1	since	since	SCONJ
fsr-3728	261	2	total	total	ADJ
fsr-3728	261	3	return	return	NOUN
fsr-3728	261	4	decreases	decrease	VERB
fsr-3728	261	5	from	from	ADP
fsr-3728	261	6	aggressive	aggressive	ADJ
fsr-3728	261	7	growth	growth	NOUN
fsr-3728	261	8	to	to	ADP
fsr-3728	261	9	balanced	balanced	ADJ
fsr-3728	261	10	funds	fund	NOUN
fsr-3728	261	11	,	,	PUNCT
fsr-3728	261	12	the	the	DET
fsr-3728	261	13	potential	potential	ADJ
fsr-3728	261	14	tax	tax	NOUN
fsr-3728	261	15	drag	drag	NOUN
fsr-3728	261	16	also	also	ADV
fsr-3728	261	17	decreases	decrease	VERB
fsr-3728	261	18	.	.	PUNCT
fsr-3728	262	1	this	this	DET
fsr-3728	262	2	results	result	VERB
fsr-3728	262	3	in	in	ADP
fsr-3728	262	4	the	the	DET
fsr-3728	262	5	aggressive	aggressive	ADJ
fsr-3728	262	6	growth	growth	NOUN
fsr-3728	262	7	funds	fund	NOUN
fsr-3728	262	8	having	have	VERB
fsr-3728	262	9	the	the	DET
fsr-3728	262	10	lowest	low	ADJ
fsr-3728	262	11	percent	percent	NOUN
fsr-3728	262	12	tax	tax	NOUN
fsr-3728	262	13	drag	drag	NOUN
fsr-3728	262	14	used	use	VERB
fsr-3728	262	15	and	and	CCONJ
fsr-3728	262	16	the	the	DET
fsr-3728	262	17	balanced	balanced	ADJ
fsr-3728	262	18	funds	fund	NOUN
fsr-3728	262	19	the	the	DET
fsr-3728	262	20	highest	high	ADJ
fsr-3728	262	21	.	.	PUNCT
fsr-3728	263	1	the	the	DET
fsr-3728	263	2	primary	primary	ADJ
fsr-3728	263	3	cause	cause	NOUN
fsr-3728	263	4	of	of	ADP
fsr-3728	263	5	tax	tax	NOUN
fsr-3728	263	6	drag	drag	NOUN
fsr-3728	263	7	varies	vary	VERB
fsr-3728	263	8	by	by	ADP
fsr-3728	263	9	fund	fund	NOUN
fsr-3728	263	10	objective	objective	NOUN
fsr-3728	263	11	.	.	PUNCT
fsr-3728	264	1	the	the	DET
fsr-3728	264	2	aggressive	aggressive	ADJ
fsr-3728	264	3	growth	growth	NOUN
fsr-3728	264	4	funds	fund	NOUN
fsr-3728	264	5	have	have	VERB
fsr-3728	264	6	very	very	ADV
fsr-3728	264	7	low	low	ADJ
fsr-3728	264	8	yields	yield	NOUN
fsr-3728	264	9	,	,	PUNCT
fsr-3728	264	10	and	and	CCONJ
fsr-3728	264	11	the	the	DET
fsr-3728	264	12	tax	tax	NOUN
fsr-3728	264	13	drag	drag	NOUN
fsr-3728	264	14	is	be	AUX
fsr-3728	264	15	caused	cause	VERB
fsr-3728	264	16	almost	almost	ADV
fsr-3728	264	17	entirely	entirely	ADV
fsr-3728	264	18	by	by	ADP
fsr-3728	264	19	realized	realize	VERB
fsr-3728	264	20	capital	capital	NOUN
fsr-3728	264	21	gains	gain	NOUN
fsr-3728	264	22	.	.	PUNCT
fsr-3728	265	1	the	the	DET
fsr-3728	265	2	balanced	balanced	ADJ
fsr-3728	265	3	funds	fund	NOUN
fsr-3728	265	4	have	have	VERB
fsr-3728	265	5	high	high	ADJ
fsr-3728	265	6	yields	yield	NOUN
fsr-3728	265	7	which	which	PRON
fsr-3728	265	8	contribute	contribute	VERB
fsr-3728	265	9	over	over	ADP
fsr-3728	265	10	70	70	NUM
fsr-3728	265	11	percent	percent	NOUN
fsr-3728	265	12	of	of	ADP
fsr-3728	265	13	the	the	DET
fsr-3728	265	14	calculated	calculate	VERB
fsr-3728	265	15	tax	tax	NOUN
fsr-3728	265	16	drag	drag	NOUN
fsr-3728	265	17	with	with	ADP
fsr-3728	265	18	the	the	DET
fsr-3728	265	19	remainder	remainder	NOUN
fsr-3728	265	20	due	due	ADP
fsr-3728	265	21	to	to	ADP
fsr-3728	265	22	realized	realize	VERB
fsr-3728	265	23	capital	capital	NOUN
fsr-3728	265	24	gains	gain	NOUN
fsr-3728	265	25	.	.	PUNCT
fsr-3728	266	1	it	it	PRON
fsr-3728	266	2	is	be	AUX
fsr-3728	266	3	important	important	ADJ
fsr-3728	266	4	to	to	PART
fsr-3728	266	5	note	note	VERB
fsr-3728	266	6	the	the	DET
fsr-3728	266	7	variance	variance	NOUN
fsr-3728	266	8	in	in	ADP
fsr-3728	266	9	the	the	DET
fsr-3728	266	10	tax	tax	NOUN
fsr-3728	266	11	drag	drag	NOUN
fsr-3728	266	12	is	be	AUX
fsr-3728	266	13	relatively	relatively	ADV
fsr-3728	266	14	low	low	ADJ
fsr-3728	266	15	for	for	ADP
fsr-3728	266	16	balanced	balanced	ADJ
fsr-3728	266	17	funds	fund	NOUN
fsr-3728	266	18	and	and	CCONJ
fsr-3728	266	19	high	high	ADJ
fsr-3728	266	20	for	for	ADP
fsr-3728	266	21	growth	growth	NOUN
fsr-3728	266	22	funds	fund	NOUN
fsr-3728	266	23	.	.	PUNCT
fsr-3728	267	1	this	this	PRON
fsr-3728	267	2	indicates	indicate	VERB
fsr-3728	267	3	that	that	SCONJ
fsr-3728	267	4	funds	fund	NOUN
fsr-3728	267	5	with	with	ADP
fsr-3728	267	6	low	low	ADJ
fsr-3728	267	7	tax	tax	NOUN
fsr-3728	267	8	drag	drag	NOUN
fsr-3728	267	9	are	be	AUX
fsr-3728	267	10	more	more	ADV
fsr-3728	267	11	easily	easily	ADV
fsr-3728	267	12	found	find	VERB
fsr-3728	267	13	in	in	ADP
fsr-3728	267	14	the	the	DET
fsr-3728	267	15	growth	growth	NOUN
fsr-3728	267	16	fund	fund	NOUN
fsr-3728	267	17	categories	category	NOUN
fsr-3728	267	18	.	.	PUNCT
fsr-3728	268	1	growth	growth	NOUN
fsr-3728	268	2	funds	fund	NOUN
fsr-3728	268	3	due	due	ADJ
fsr-3728	268	4	to	to	ADP
fsr-3728	268	5	their	their	PRON
fsr-3728	268	6	high	high	ADJ
fsr-3728	268	7	total	total	ADJ
fsr-3728	268	8	returns	return	NOUN
fsr-3728	268	9	and	and	CCONJ
fsr-3728	268	10	low	low	ADJ
fsr-3728	268	11	yields	yield	NOUN
fsr-3728	268	12	,	,	PUNCT
fsr-3728	268	13	growth	growth	NOUN
fsr-3728	268	14	funds	fund	NOUN
fsr-3728	268	15	are	be	AUX
fsr-3728	268	16	frequently	frequently	ADV
fsr-3728	268	17	used	use	VERB
fsr-3728	268	18	by	by	ADP
fsr-3728	268	19	investors	investor	NOUN
fsr-3728	268	20	desiring	desire	VERB
fsr-3728	268	21	to	to	PART
fsr-3728	268	22	maximize	maximize	VERB
fsr-3728	268	23	wealth	wealth	NOUN
fsr-3728	268	24	accumulation	accumulation	NOUN
fsr-3728	268	25	over	over	ADP
fsr-3728	268	26	a	a	DET
fsr-3728	268	27	long	long	ADJ
fsr-3728	268	28	-	-	PUNCT
fsr-3728	268	29	term	term	NOUN
fsr-3728	268	30	investment	investment	NOUN
fsr-3728	268	31	horizon	horizon	NOUN
fsr-3728	268	32	.	.	PUNCT
fsr-3728	269	1	the	the	DET
fsr-3728	269	2	five	five	NUM
fsr-3728	269	3	year	year	NOUN
fsr-3728	269	4	performance	performance	NOUN
fsr-3728	269	5	results	result	NOUN
fsr-3728	269	6	for	for	ADP
fsr-3728	269	7	the	the	DET
fsr-3728	269	8	growth	growth	NOUN
fsr-3728	269	9	fund	fund	NOUN
fsr-3728	269	10	sample	sample	NOUN
fsr-3728	269	11	are	be	AUX
fsr-3728	269	12	presented	present	VERB
fsr-3728	269	13	in	in	ADP
fsr-3728	269	14	table	table	NOUN
fsr-3728	269	15	4	4	NUM
fsr-3728	269	16	.	.	PUNCT
fsr-3728	270	1	the	the	DET
fsr-3728	270	2	funds	fund	NOUN
fsr-3728	270	3	are	be	AUX
fsr-3728	270	4	ranked	rank	VERB
fsr-3728	270	5	by	by	ADP
fsr-3728	270	6	rwa	rwa	NOUN
fsr-3728	270	7	in	in	ADP
fsr-3728	270	8	descending	descend	VERB
fsr-3728	270	9	order	order	NOUN
fsr-3728	270	10	.	.	PUNCT
fsr-3728	271	1	the	the	DET
fsr-3728	271	2	effective	effective	ADJ
fsr-3728	271	3	turnover	turnover	NOUN
fsr-3728	271	4	estimate	estimate	NOUN
fsr-3728	271	5	presented	present	VERB
fsr-3728	271	6	in	in	ADP
fsr-3728	271	7	this	this	DET
fsr-3728	271	8	table	table	NOUN
fsr-3728	271	9	is	be	AUX
fsr-3728	271	10	derived	derive	VERB
fsr-3728	271	11	by	by	ADP
fsr-3728	271	12	computing	compute	VERB
fsr-3728	271	13	the	the	DET
fsr-3728	271	14	capital	capital	NOUN
fsr-3728	271	15	gain	gain	NOUN
fsr-3728	271	16	distributed	distribute	VERB
fsr-3728	271	17	using	use	VERB
fsr-3728	271	18	the	the	DET
fsr-3728	271	19	nav	nav	NOUN
fsr-3728	271	20	at	at	ADP
fsr-3728	271	21	the	the	DET
fsr-3728	271	22	beginning	beginning	NOUN
fsr-3728	271	23	of	of	ADP
fsr-3728	271	24	the	the	DET
fsr-3728	271	25	five	five	NUM
fsr-3728	271	26	year	year	NOUN
fsr-3728	271	27	period	period	NOUN
fsr-3728	271	28	as	as	ADP
fsr-3728	271	29	the	the	DET
fsr-3728	271	30	basis	basis	NOUN
fsr-3728	271	31	.	.	PUNCT
fsr-3728	272	1	an	an	DET
fsr-3728	272	2	effective	effective	ADJ
fsr-3728	272	3	turnover	turnover	NOUN
fsr-3728	272	4	is	be	AUX
fsr-3728	272	5	computed	compute	VERB
fsr-3728	272	6	for	for	ADP
fsr-3728	272	7	each	each	DET
fsr-3728	272	8	year	year	NOUN
fsr-3728	272	9	.	.	PUNCT
fsr-3728	273	1	the	the	DET
fsr-3728	273	2	number	number	NOUN
fsr-3728	273	3	reported	report	VERB
fsr-3728	273	4	in	in	ADP
fsr-3728	273	5	table	table	NOUN
fsr-3728	273	6	4	4	NUM
fsr-3728	273	7	is	be	AUX
fsr-3728	273	8	the	the	DET
fsr-3728	273	9	average	average	NOUN
fsr-3728	273	10	for	for	ADP
fsr-3728	273	11	the	the	DET
fsr-3728	273	12	five	five	NUM
fsr-3728	273	13	year	year	NOUN
fsr-3728	273	14	period	period	NOUN
fsr-3728	273	15	.	.	PUNCT
fsr-3728	274	1	this	this	DET
fsr-3728	274	2	reported	report	VERB
fsr-3728	274	3	number	number	NOUN
fsr-3728	274	4	is	be	AUX
fsr-3728	274	5	biased	bias	VERB
fsr-3728	274	6	upward	upward	ADV
fsr-3728	274	7	somewhat	somewhat	ADV
fsr-3728	274	8	since	since	SCONJ
fsr-3728	274	9	the	the	DET
fsr-3728	274	10	unrealized	unrealized	ADJ
fsr-3728	274	11	capital	capital	NOUN
fsr-3728	274	12	gain	gain	NOUN
fsr-3728	274	13	is	be	AUX
fsr-3728	274	14	not	not	PART
fsr-3728	274	15	being	be	AUX
fsr-3728	274	16	considered.6	considered.6	ADP
fsr-3728	274	17	the	the	DET
fsr-3728	274	18	top	top	ADJ
fsr-3728	274	19	three	three	NUM
fsr-3728	274	20	funds	fund	NOUN
fsr-3728	274	21	had	have	VERB
fsr-3728	274	22	low	low	ADJ
fsr-3728	274	23	turnover	turnover	NOUN
fsr-3728	274	24	and	and	CCONJ
fsr-3728	274	25	low	low	ADJ
fsr-3728	274	26	amounts	amount	NOUN
fsr-3728	274	27	of	of	ADP
fsr-3728	274	28	return	return	NOUN
fsr-3728	274	29	lost	lose	VERB
fsr-3728	274	30	to	to	ADP
fsr-3728	274	31	tax	tax	NOUN
fsr-3728	274	32	drag	drag	NOUN
fsr-3728	274	33	.	.	PUNCT
fsr-3728	275	1	the	the	DET
fsr-3728	275	2	next	next	ADJ
fsr-3728	275	3	two	two	NUM
fsr-3728	275	4	funds	fund	NOUN
fsr-3728	275	5	,	,	PUNCT
fsr-3728	275	6	monetta	monetta	NOUN
fsr-3728	275	7	and	and	CCONJ
fsr-3728	275	8	strong	strong	ADJ
fsr-3728	275	9	discovery	discovery	NOUN
fsr-3728	275	10	,	,	PUNCT
fsr-3728	275	11	had	have	VERB
fsr-3728	275	12	high	high	ADJ
fsr-3728	275	13	turnover	turnover	NOUN
fsr-3728	275	14	and	and	CCONJ
fsr-3728	275	15	a	a	DET
fsr-3728	275	16	relatively	relatively	ADV
fsr-3728	275	17	large	large	ADJ
fsr-3728	275	18	tax	tax	NOUN
fsr-3728	275	19	drag	drag	NOUN
fsr-3728	275	20	.	.	PUNCT
fsr-3728	276	1	two	two	NUM
fsr-3728	276	2	funds	fund	NOUN
fsr-3728	276	3	,	,	PUNCT
fsr-3728	276	4	t.	t.	PROPN
fsr-3728	276	5	rowe	rowe	PROPN
fsr-3728	276	6	price	price	PROPN
fsr-3728	276	7	new	new	PROPN
fsr-3728	276	8	america	america	PROPN
fsr-3728	276	9	growth	growth	NOUN
fsr-3728	276	10	and	and	CCONJ
fsr-3728	276	11	strong	strong	ADJ
fsr-3728	276	12	discovery	discovery	NOUN
fsr-3728	276	13	,	,	PUNCT
fsr-3728	276	14	were	be	AUX
fsr-3728	276	15	tied	tie	VERB
fsr-3728	276	16	for	for	ADP
fsr-3728	276	17	third	third	ADJ
fsr-3728	276	18	with	with	ADP
fsr-3728	276	19	a	a	DET
fsr-3728	276	20	total	total	ADJ
fsr-3728	276	21	return	return	NOUN
fsr-3728	276	22	of	of	ADP
fsr-3728	276	23	20.60	20.60	NUM
fsr-3728	276	24	percent	percent	NOUN
fsr-3728	276	25	.	.	PUNCT
fsr-3728	277	1	but	but	CCONJ
fsr-3728	277	2	the	the	DET
fsr-3728	277	3	after	after	ADP
fsr-3728	277	4	-	-	PUNCT
fsr-3728	277	5	tax	tax	NOUN
fsr-3728	277	6	returns	return	NOUN
fsr-3728	277	7	of	of	ADP
fsr-3728	277	8	these	these	DET
fsr-3728	277	9	two	two	NUM
fsr-3728	277	10	funds	fund	NOUN
fsr-3728	277	11	differs	differ	VERB
fsr-3728	277	12	by	by	ADP
fsr-3728	277	13	more	more	ADJ
fsr-3728	277	14	than	than	ADP
fsr-3728	277	15	three	three	NUM
fsr-3728	277	16	percent	percent	NOUN
fsr-3728	277	17	.	.	PUNCT
fsr-3728	278	1	this	this	DET
fsr-3728	278	2	large	large	ADJ
fsr-3728	278	3	difference	difference	NOUN
fsr-3728	278	4	in	in	ADP
fsr-3728	278	5	after	after	ADP
fsr-3728	278	6	-	-	PUNCT
fsr-3728	278	7	tax	tax	NOUN
fsr-3728	278	8	results	result	NOUN
fsr-3728	278	9	is	be	AUX
fsr-3728	278	10	due	due	ADJ
fsr-3728	278	11	to	to	ADP
fsr-3728	278	12	the	the	DET
fsr-3728	278	13	difference	difference	NOUN
fsr-3728	278	14	in	in	ADP
fsr-3728	278	15	effective	effective	ADJ
fsr-3728	278	16	turnover	turnover	NOUN
fsr-3728	278	17	and	and	CCONJ
fsr-3728	278	18	dividend	dividend	NOUN
fsr-3728	278	19	yield	yield	NOUN
fsr-3728	278	20	.	.	PUNCT
fsr-3728	279	1	strong	strong	ADJ
fsr-3728	279	2	discovery	discovery	NOUN
fsr-3728	279	3	realized	realize	VERB
fsr-3728	279	4	large	large	ADJ
fsr-3728	279	5	capital	capital	NOUN
fsr-3728	279	6	gains	gain	NOUN
fsr-3728	279	7	in	in	ADP
fsr-3728	279	8	1991	1991	NUM
fsr-3728	279	9	and	and	CCONJ
fsr-3728	279	10	1992	1992	NUM
fsr-3728	279	11	which	which	PRON
fsr-3728	279	12	caused	cause	VERB
fsr-3728	279	13	it	it	PRON
fsr-3728	279	14	to	to	PART
fsr-3728	279	15	have	have	VERB
fsr-3728	279	16	a	a	DET
fsr-3728	279	17	high	high	ADJ
fsr-3728	279	18	tax	tax	NOUN
fsr-3728	279	19	drag	drag	NOUN
fsr-3728	279	20	.	.	PUNCT
fsr-3728	280	1	this	this	DET
fsr-3728	280	2	large	large	ADJ
fsr-3728	280	3	difference	difference	NOUN
fsr-3728	280	4	in	in	ADP
fsr-3728	280	5	after	after	ADP
fsr-3728	280	6	-	-	PUNCT
fsr-3728	280	7	tax	tax	NOUN
fsr-3728	280	8	return	return	NOUN
fsr-3728	280	9	is	be	AUX
fsr-3728	280	10	important	important	ADJ
fsr-3728	280	11	information	information	NOUN
fsr-3728	280	12	to	to	ADP
fsr-3728	280	13	the	the	DET
fsr-3728	280	14	investor	investor	NOUN
fsr-3728	280	15	selecting	selecting	NOUN
fsr-3728	280	16	between	between	ADP
fsr-3728	280	17	these	these	DET
fsr-3728	280	18	two	two	NUM
fsr-3728	280	19	funds	fund	NOUN
fsr-3728	280	20	for	for	ADP
fsr-3728	280	21	use	use	NOUN
fsr-3728	280	22	in	in	ADP
fsr-3728	280	23	a	a	DET
fsr-3728	280	24	taxable	taxable	ADJ
fsr-3728	280	25	savings	saving	NOUN
fsr-3728	280	26	plan	plan	NOUN
fsr-3728	280	27	.	.	PUNCT
fsr-3728	281	1	william	william	PROPN
fsr-3728	281	2	blair	blair	PROPN
fsr-3728	281	3	growth	growth	PROPN
fsr-3728	281	4	shares	share	NOUN
fsr-3728	281	5	had	have	VERB
fsr-3728	281	6	the	the	DET
fsr-3728	281	7	largest	large	ADJ
fsr-3728	281	8	tax	tax	NOUN
fsr-3728	281	9	drag	drag	NOUN
fsr-3728	281	10	,	,	PUNCT
fsr-3728	281	11	4.56	4.56	NUM
fsr-3728	281	12	percent	percent	NOUN
fsr-3728	281	13	,	,	PUNCT
fsr-3728	281	14	but	but	CCONJ
fsr-3728	281	15	a	a	DET
fsr-3728	281	16	reported	report	VERB
fsr-3728	281	17	turnover	turnover	NOUN
fsr-3728	281	18	that	that	PRON
fsr-3728	281	19	was	be	AUX
fsr-3728	281	20	well	well	ADV
fsr-3728	281	21	below	below	ADP
fsr-3728	281	22	average	average	NOUN
fsr-3728	281	23	for	for	ADP
fsr-3728	281	24	this	this	DET
fsr-3728	281	25	group	group	NOUN
fsr-3728	281	26	.	.	PUNCT
fsr-3728	282	1	the	the	DET
fsr-3728	282	2	effective	effective	ADJ
fsr-3728	282	3	turnover	turnover	NOUN
fsr-3728	282	4	,	,	PUNCT
fsr-3728	282	5	however	however	ADV
fsr-3728	282	6	,	,	PUNCT
fsr-3728	282	7	is	be	AUX
fsr-3728	282	8	the	the	DET
fsr-3728	282	9	highest	high	ADJ
fsr-3728	282	10	in	in	ADP
fsr-3728	282	11	this	this	DET
fsr-3728	282	12	group	group	NOUN
fsr-3728	282	13	of	of	ADP
fsr-3728	282	14	funds	fund	NOUN
fsr-3728	282	15	.	.	PUNCT
fsr-3728	283	1	the	the	DET
fsr-3728	283	2	fund	fund	NOUN
fsr-3728	283	3	’s	’s	PART
fsr-3728	283	4	management	management	NOUN
fsr-3728	283	5	turned	turn	VERB
fsr-3728	283	6	an	an	DET
fsr-3728	283	7	above	above	ADJ
fsr-3728	283	8	average	average	ADJ
fsr-3728	283	9	total	total	ADJ
fsr-3728	283	10	return	return	NOUN
fsr-3728	283	11	into	into	ADP
fsr-3728	283	12	a	a	DET
fsr-3728	283	13	below	below	ADJ
fsr-3728	283	14	average	average	ADJ
fsr-3728	283	15	after	after	ADP
fsr-3728	283	16	-	-	PUNCT
fsr-3728	283	17	tax	tax	NOUN
fsr-3728	283	18	performance	performance	NOUN
fsr-3728	283	19	by	by	ADP
fsr-3728	283	20	consistently	consistently	ADV
fsr-3728	283	21	realizing	realize	VERB
fsr-3728	283	22	their	their	PRON
fsr-3728	283	23	capital	capital	NOUN
fsr-3728	283	24	gains	gain	NOUN
fsr-3728	283	25	.	.	PUNCT
fsr-3728	284	1	over	over	ADP
fsr-3728	284	2	the	the	DET
fsr-3728	284	3	five	five	NUM
fsr-3728	284	4	year	year	NOUN
fsr-3728	284	5	period	period	NOUN
fsr-3728	284	6	this	this	DET
fsr-3728	284	7	fund	fund	NOUN
fsr-3728	284	8	had	have	VERB
fsr-3728	284	9	a	a	DET
fsr-3728	284	10	total	total	NOUN
fsr-3728	284	11	of	of	ADP
fsr-3728	284	12	$	$	SYM
fsr-3728	284	13	5.92	5.92	NUM
fsr-3728	284	14	in	in	ADP
fsr-3728	284	15	capital	capital	NOUN
fsr-3728	284	16	gains	gain	NOUN
fsr-3728	284	17	,	,	PUNCT
fsr-3728	284	18	of	of	ADP
fsr-3728	284	19	which	which	PRON
fsr-3728	284	20	$	$	SYM
fsr-3728	284	21	4.74	4.74	NUM
fsr-3728	284	22	were	be	AUX
fsr-3728	284	23	realized	realize	VERB
fsr-3728	284	24	and	and	CCONJ
fsr-3728	284	25	distributed	distribute	VERB
fsr-3728	284	26	.	.	PUNCT
fsr-3728	285	1	the	the	DET
fsr-3728	285	2	nav	nav	NOUN
fsr-3728	285	3	increased	increase	VERB
fsr-3728	285	4	from	from	ADP
fsr-3728	285	5	$	$	SYM
fsr-3728	285	6	8.21	8.21	NUM
fsr-3728	285	7	to	to	ADP
fsr-3728	285	8	$	$	SYM
fsr-3728	285	9	9.39	9.39	NUM
fsr-3728	285	10	,	,	PUNCT
fsr-3728	285	11	making	make	VERB
fsr-3728	285	12	their	their	PRON
fsr-3728	285	13	unrealized	unrealized	ADJ
fsr-3728	285	14	capital	capital	NOUN
fsr-3728	285	15	gains	gain	VERB
fsr-3728	285	16	the	the	DET
fsr-3728	285	17	fourth	fourth	ADJ
fsr-3728	285	18	lowest	low	ADJ
fsr-3728	285	19	in	in	ADP
fsr-3728	285	20	the	the	DET
fsr-3728	285	21	growth	growth	NOUN
fsr-3728	285	22	fund	fund	NOUN
fsr-3728	285	23	sample	sample	NOUN
fsr-3728	285	24	.	.	PUNCT
fsr-3728	286	1	this	this	DET
fsr-3728	286	2	fund	fund	NOUN
fsr-3728	286	3	is	be	AUX
fsr-3728	286	4	a	a	DET
fsr-3728	286	5	good	good	ADJ
fsr-3728	286	6	example	example	NOUN
fsr-3728	286	7	of	of	ADP
fsr-3728	286	8	138	138	NUM
fsr-3728	286	9	financial	financial	ADJ
fsr-3728	286	10	services	service	NOUN
fsr-3728	286	11	review	review	NOUN
fsr-3728	286	12	,	,	PUNCT
fsr-3728	286	13	3(2	3(2	NUM
fsr-3728	286	14	)	)	PUNCT
fsr-3728	286	15	1994	1994	NUM
fsr-3728	286	16	why	why	SCONJ
fsr-3728	286	17	the	the	DET
fsr-3728	286	18	prospective	prospective	ADJ
fsr-3728	286	19	investor	investor	NOUN
fsr-3728	286	20	can	can	AUX
fsr-3728	286	21	not	not	PART
fsr-3728	286	22	be	be	AUX
fsr-3728	286	23	guided	guide	VERB
fsr-3728	286	24	by	by	ADP
fsr-3728	286	25	low	low	ADJ
fsr-3728	286	26	reported	report	VERB
fsr-3728	286	27	turnover	turnover	NOUN
fsr-3728	286	28	in	in	ADP
fsr-3728	286	29	seeking	seek	VERB
fsr-3728	286	30	to	to	PART
fsr-3728	286	31	avoid	avoid	VERB
fsr-3728	286	32	tax	tax	NOUN
fsr-3728	286	33	drag	drag	NOUN
fsr-3728	286	34	.	.	PUNCT
fsr-3728	287	1	for	for	ADP
fsr-3728	287	2	the	the	DET
fsr-3728	287	3	growth	growth	NOUN
fsr-3728	287	4	fund	fund	NOUN
fsr-3728	287	5	sample	sample	NOUN
fsr-3728	287	6	,	,	PUNCT
fsr-3728	287	7	the	the	DET
fsr-3728	287	8	correlation	correlation	NOUN
fsr-3728	287	9	between	between	ADP
fsr-3728	287	10	return	return	NOUN
fsr-3728	287	11	lost	lose	VERB
fsr-3728	287	12	to	to	ADP
fsr-3728	287	13	taxes	taxis	NOUN
fsr-3728	287	14	and	and	CCONJ
fsr-3728	287	15	reported	report	VERB
fsr-3728	287	16	portfolio	portfolio	NOUN
fsr-3728	287	17	turnover	turnover	NOUN
fsr-3728	287	18	is	be	AUX
fsr-3728	287	19	0.277	0.277	NUM
fsr-3728	287	20	while	while	SCONJ
fsr-3728	287	21	the	the	DET
fsr-3728	287	22	correlation	correlation	NOUN
fsr-3728	287	23	between	between	ADP
fsr-3728	287	24	return	return	NOUN
fsr-3728	287	25	lost	lose	VERB
fsr-3728	287	26	to	to	ADP
fsr-3728	287	27	taxes	taxis	NOUN
fsr-3728	287	28	and	and	CCONJ
fsr-3728	287	29	effective	effective	ADJ
fsr-3728	287	30	turnover	turnover	NOUN
fsr-3728	287	31	is	be	AUX
fsr-3728	287	32	0.680	0.680	NUM
fsr-3728	287	33	.	.	PUNCT
fsr-3728	288	1	the	the	DET
fsr-3728	288	2	after	after	ADP
fsr-3728	288	3	-	-	PUNCT
fsr-3728	288	4	tax	tax	NOUN
fsr-3728	288	5	returns	return	NOUN
fsr-3728	288	6	and	and	CCONJ
fsr-3728	288	7	tax	tax	NOUN
fsr-3728	288	8	drag	drag	NOUN
fsr-3728	288	9	data	datum	NOUN
fsr-3728	288	10	provided	provide	VERB
fsr-3728	288	11	in	in	ADP
fsr-3728	288	12	table	table	NOUN
fsr-3728	288	13	4	4	NUM
fsr-3728	288	14	are	be	AUX
fsr-3728	288	15	useful	useful	ADJ
fsr-3728	288	16	when	when	SCONJ
fsr-3728	288	17	an	an	DET
fsr-3728	288	18	investor	investor	NOUN
fsr-3728	288	19	is	be	AUX
fsr-3728	288	20	selecting	select	VERB
fsr-3728	288	21	a	a	DET
fsr-3728	288	22	fund	fund	NOUN
fsr-3728	288	23	from	from	ADP
fsr-3728	288	24	a	a	DET
fsr-3728	288	25	particular	particular	ADJ
fsr-3728	288	26	objective	objective	ADJ
fsr-3728	288	27	category	category	NOUN
fsr-3728	288	28	for	for	ADP
fsr-3728	288	29	a	a	DET
fsr-3728	288	30	taxable	taxable	ADJ
fsr-3728	288	31	savings	saving	NOUN
fsr-3728	288	32	plan	plan	NOUN
fsr-3728	288	33	.	.	PUNCT
fsr-3728	289	1	in	in	ADP
fsr-3728	289	2	this	this	DET
fsr-3728	289	3	case	case	NOUN
fsr-3728	289	4	,	,	PUNCT
fsr-3728	289	5	tax	tax	NOUN
fsr-3728	289	6	drag	drag	NOUN
fsr-3728	289	7	,	,	PUNCT
fsr-3728	289	8	along	along	ADP
fsr-3728	289	9	with	with	ADP
fsr-3728	289	10	the	the	DET
fsr-3728	289	11	fees	fee	NOUN
fsr-3728	289	12	and	and	CCONJ
fsr-3728	289	13	expenses	expense	NOUN
fsr-3728	289	14	of	of	ADP
fsr-3728	289	15	the	the	DET
fsr-3728	289	16	fund	fund	NOUN
fsr-3728	289	17	needs	need	VERB
fsr-3728	289	18	to	to	PART
fsr-3728	289	19	be	be	AUX
fsr-3728	289	20	considered	consider	VERB
fsr-3728	289	21	,	,	PUNCT
fsr-3728	289	22	and	and	CCONJ
fsr-3728	289	23	in	in	ADP
fsr-3728	289	24	most	most	ADJ
fsr-3728	289	25	cases	case	NOUN
fsr-3728	289	26	minimized	minimize	VERB
fsr-3728	289	27	.	.	PUNCT
fsr-3728	290	1	if	if	SCONJ
fsr-3728	290	2	savings	saving	NOUN
fsr-3728	290	3	are	be	AUX
fsr-3728	290	4	going	go	VERB
fsr-3728	290	5	into	into	ADP
fsr-3728	290	6	a	a	DET
fsr-3728	290	7	tax	tax	NOUN
fsr-3728	290	8	-	-	PUNCT
fsr-3728	290	9	deferred	defer	VERB
fsr-3728	290	10	plan	plan	NOUN
fsr-3728	290	11	,	,	PUNCT
fsr-3728	290	12	then	then	ADV
fsr-3728	290	13	the	the	DET
fsr-3728	290	14	tax	tax	NOUN
fsr-3728	290	15	drag	drag	NOUN
fsr-3728	290	16	can	can	AUX
fsr-3728	290	17	be	be	AUX
fsr-3728	290	18	ignored	ignore	VERB
fsr-3728	290	19	.	.	PUNCT
fsr-3728	291	1	when	when	SCONJ
fsr-3728	291	2	an	an	DET
fsr-3728	291	3	investor	investor	NOUN
fsr-3728	291	4	splits	split	VERB
fsr-3728	291	5	savings	saving	NOUN
fsr-3728	291	6	between	between	ADP
fsr-3728	291	7	tax	tax	NOUN
fsr-3728	291	8	-	-	PUNCT
fsr-3728	291	9	deferred	defer	VERB
fsr-3728	291	10	and	and	CCONJ
fsr-3728	291	11	taxable	taxable	ADJ
fsr-3728	291	12	accounts	account	NOUN
fsr-3728	291	13	,	,	PUNCT
fsr-3728	291	14	funds	fund	NOUN
fsr-3728	291	15	with	with	ADP
fsr-3728	291	16	high	high	ADJ
fsr-3728	291	17	tax	tax	NOUN
fsr-3728	291	18	drag	drag	NOUN
fsr-3728	291	19	should	should	AUX
fsr-3728	291	20	be	be	AUX
fsr-3728	291	21	placed	place	VERB
fsr-3728	291	22	in	in	ADP
fsr-3728	291	23	tax	tax	NOUN
fsr-3728	291	24	-	-	PUNCT
fsr-3728	291	25	deferred	defer	VERB
fsr-3728	291	26	vehicles	vehicle	NOUN
fsr-3728	291	27	,	,	PUNCT
fsr-3728	291	28	and	and	CCONJ
fsr-3728	291	29	funds	fund	NOUN
fsr-3728	291	30	with	with	ADP
fsr-3728	291	31	low	low	ADJ
fsr-3728	291	32	tax	tax	NOUN
fsr-3728	291	33	drag	drag	NOUN
fsr-3728	291	34	in	in	ADP
fsr-3728	291	35	taxable	taxable	ADJ
fsr-3728	291	36	funds	fund	NOUN
fsr-3728	291	37	.	.	PUNCT
fsr-3728	292	1	undistributed	undistributed	ADJ
fsr-3728	292	2	income	income	NOUN
fsr-3728	292	3	and	and	CCONJ
fsr-3728	292	4	capital	capital	NOUN
fsr-3728	292	5	gains	gain	NOUN
fsr-3728	292	6	usually	usually	ADV
fsr-3728	292	7	a	a	DET
fsr-3728	292	8	tax	tax	NOUN
fsr-3728	292	9	liability	liability	NOUN
fsr-3728	292	10	is	be	AUX
fsr-3728	292	11	associated	associate	VERB
fsr-3728	292	12	with	with	ADP
fsr-3728	292	13	earned	earn	VERB
fsr-3728	292	14	income	income	NOUN
fsr-3728	292	15	or	or	CCONJ
fsr-3728	292	16	realized	realize	VERB
fsr-3728	292	17	capital	capital	NOUN
fsr-3728	292	18	gains	gain	NOUN
fsr-3728	292	19	.	.	PUNCT
fsr-3728	293	1	but	but	CCONJ
fsr-3728	293	2	this	this	PRON
fsr-3728	293	3	is	be	AUX
fsr-3728	293	4	not	not	PART
fsr-3728	293	5	the	the	DET
fsr-3728	293	6	case	case	NOUN
fsr-3728	293	7	for	for	ADP
fsr-3728	293	8	an	an	DET
fsr-3728	293	9	investor	investor	NOUN
fsr-3728	293	10	who	who	PRON
fsr-3728	293	11	has	have	VERB
fsr-3728	293	12	to	to	PART
fsr-3728	293	13	pay	pay	VERB
fsr-3728	293	14	taxes	taxis	NOUN
fsr-3728	293	15	on	on	ADP
fsr-3728	293	16	income	income	NOUN
fsr-3728	293	17	or	or	CCONJ
fsr-3728	293	18	capital	capital	NOUN
fsr-3728	293	19	gains	gain	NOUN
fsr-3728	293	20	that	that	PRON
fsr-3728	293	21	provide	provide	VERB
fsr-3728	293	22	no	no	DET
fsr-3728	293	23	increase	increase	NOUN
fsr-3728	293	24	in	in	ADP
fsr-3728	293	25	wealth	wealth	NOUN
fsr-3728	293	26	.	.	PUNCT
fsr-3728	294	1	at	at	ADP
fsr-3728	294	2	the	the	DET
fsr-3728	294	3	time	time	NOUN
fsr-3728	294	4	of	of	ADP
fsr-3728	294	5	purchase	purchase	NOUN
fsr-3728	294	6	,	,	PUNCT
fsr-3728	294	7	the	the	DET
fsr-3728	294	8	share	share	NOUN
fsr-3728	294	9	price	price	NOUN
fsr-3728	294	10	of	of	ADP
fsr-3728	294	11	a	a	DET
fsr-3728	294	12	mutual	mutual	ADJ
fsr-3728	294	13	fund	fund	NOUN
fsr-3728	294	14	may	may	AUX
fsr-3728	294	15	reflect	reflect	VERB
fsr-3728	294	16	undistributed	undistributed	ADJ
fsr-3728	294	17	income	income	NOUN
fsr-3728	294	18	,	,	PUNCT
fsr-3728	294	19	capital	capital	NOUN
fsr-3728	294	20	gains	gain	NOUN
fsr-3728	294	21	,	,	PUNCT
fsr-3728	294	22	and	and	CCONJ
fsr-3728	294	23	unrealized	unrealized	ADJ
fsr-3728	294	24	appreciation	appreciation	NOUN
fsr-3728	294	25	of	of	ADP
fsr-3728	294	26	securities	security	NOUN
fsr-3728	294	27	.	.	PUNCT
fsr-3728	295	1	any	any	DET
fsr-3728	295	2	income	income	NOUN
fsr-3728	295	3	or	or	CCONJ
fsr-3728	295	4	capital	capital	NOUN
fsr-3728	295	5	gains	gain	NOUN
fsr-3728	295	6	from	from	ADP
fsr-3728	295	7	these	these	DET
fsr-3728	295	8	amounts	amount	NOUN
fsr-3728	295	9	which	which	PRON
fsr-3728	295	10	are	be	AUX
fsr-3728	295	11	later	later	ADV
fsr-3728	295	12	distributed	distribute	VERB
fsr-3728	295	13	are	be	AUX
fsr-3728	295	14	fully	fully	ADV
fsr-3728	295	15	taxable	taxable	ADJ
fsr-3728	295	16	in	in	ADP
fsr-3728	295	17	a	a	DET
fsr-3728	295	18	taxable	taxable	ADJ
fsr-3728	295	19	plan	plan	NOUN
fsr-3728	295	20	.	.	PUNCT
fsr-3728	296	1	investors	investor	NOUN
fsr-3728	296	2	in	in	ADP
fsr-3728	296	3	stock	stock	NOUN
fsr-3728	296	4	mutual	mutual	ADJ
fsr-3728	296	5	funds	fund	NOUN
fsr-3728	296	6	are	be	AUX
fsr-3728	296	7	advised	advise	VERB
fsr-3728	296	8	to	to	PART
fsr-3728	296	9	make	make	VERB
fsr-3728	296	10	large	large	ADJ
fsr-3728	296	11	purchases	purchase	NOUN
fsr-3728	296	12	after	after	SCONJ
fsr-3728	296	13	a	a	DET
fsr-3728	296	14	fund	fund	NOUN
fsr-3728	296	15	makes	make	VERB
fsr-3728	296	16	its	its	PRON
fsr-3728	296	17	major	major	ADJ
fsr-3728	296	18	annual	annual	ADJ
fsr-3728	296	19	distribution	distribution	NOUN
fsr-3728	296	20	in	in	ADP
fsr-3728	296	21	order	order	NOUN
fsr-3728	296	22	to	to	PART
fsr-3728	296	23	avoid	avoid	VERB
fsr-3728	296	24	incurring	incur	VERB
fsr-3728	296	25	the	the	DET
fsr-3728	296	26	tax	tax	NOUN
fsr-3728	296	27	liability	liability	NOUN
fsr-3728	296	28	associated	associate	VERB
fsr-3728	296	29	with	with	ADP
fsr-3728	296	30	this	this	DET
fsr-3728	296	31	distribution	distribution	NOUN
fsr-3728	296	32	.	.	PUNCT
fsr-3728	297	1	even	even	ADV
fsr-3728	297	2	if	if	SCONJ
fsr-3728	297	3	an	an	DET
fsr-3728	297	4	investor	investor	NOUN
fsr-3728	297	5	makes	make	VERB
fsr-3728	297	6	purchases	purchase	NOUN
fsr-3728	297	7	after	after	ADP
fsr-3728	297	8	the	the	DET
fsr-3728	297	9	annual	annual	ADJ
fsr-3728	297	10	distribution	distribution	NOUN
fsr-3728	297	11	,	,	PUNCT
fsr-3728	297	12	net	net	ADJ
fsr-3728	297	13	share	share	NOUN
fsr-3728	297	14	holder	holder	NOUN
fsr-3728	297	15	redemptions	redemption	NOUN
fsr-3728	297	16	or	or	CCONJ
fsr-3728	297	17	management	management	NOUN
fsr-3728	297	18	decisions	decision	NOUN
fsr-3728	297	19	can	can	AUX
fsr-3728	297	20	result	result	VERB
fsr-3728	297	21	in	in	ADP
fsr-3728	297	22	the	the	DET
fsr-3728	297	23	fund	fund	NOUN
fsr-3728	297	24	liquidating	liquidating	NOUN
fsr-3728	297	25	positions	position	NOUN
fsr-3728	297	26	,	,	PUNCT
fsr-3728	297	27	and	and	CCONJ
fsr-3728	297	28	realizing	realize	VERB
fsr-3728	297	29	capital	capital	NOUN
fsr-3728	297	30	gains	gain	NOUN
fsr-3728	297	31	in	in	ADP
fsr-3728	297	32	which	which	PRON
fsr-3728	297	33	the	the	DET
fsr-3728	297	34	new	new	ADJ
fsr-3728	297	35	investor	investor	NOUN
fsr-3728	297	36	did	do	AUX
fsr-3728	297	37	not	not	PART
fsr-3728	297	38	participate	participate	VERB
fsr-3728	297	39	.	.	PUNCT
fsr-3728	298	1	the	the	DET
fsr-3728	298	2	following	following	ADJ
fsr-3728	298	3	example	example	NOUN
fsr-3728	298	4	is	be	AUX
fsr-3728	298	5	used	use	VERB
fsr-3728	298	6	to	to	PART
fsr-3728	298	7	demonstrate	demonstrate	VERB
fsr-3728	298	8	nonparticipant	nonparticipant	ADJ
fsr-3728	298	9	capital	capital	NOUN
fsr-3728	298	10	gain	gain	VERB
fsr-3728	298	11	tax	tax	NOUN
fsr-3728	298	12	risk	risk	NOUN
fsr-3728	298	13	.	.	PUNCT
fsr-3728	299	1	assume	assume	VERB
fsr-3728	299	2	an	an	DET
fsr-3728	299	3	investor	investor	NOUN
fsr-3728	299	4	makes	make	VERB
fsr-3728	299	5	an	an	DET
fsr-3728	299	6	investment	investment	NOUN
fsr-3728	299	7	in	in	ADP
fsr-3728	299	8	an	an	DET
fsr-3728	299	9	index	index	NOUN
fsr-3728	299	10	fund	fund	NOUN
fsr-3728	299	11	with	with	ADP
fsr-3728	299	12	a	a	DET
fsr-3728	299	13	nav	nav	NOUN
fsr-3728	299	14	of	of	ADP
fsr-3728	299	15	$	$	SYM
fsr-3728	299	16	20,50	20,50	NUM
fsr-3728	299	17	percent	percent	NOUN
fsr-3728	299	18	of	of	ADP
fsr-3728	299	19	which	which	PRON
fsr-3728	299	20	represents	represent	VERB
fsr-3728	299	21	unrealized	unrealized	ADJ
fsr-3728	299	22	capital	capital	NOUN
fsr-3728	299	23	gains	gain	NOUN
fsr-3728	299	24	.	.	PUNCT
fsr-3728	300	1	the	the	DET
fsr-3728	300	2	investment	investment	NOUN
fsr-3728	300	3	is	be	AUX
fsr-3728	300	4	made	make	VERB
fsr-3728	300	5	just	just	ADV
fsr-3728	300	6	before	before	ADP
fsr-3728	300	7	a	a	DET
fsr-3728	300	8	market	market	NOUN
fsr-3728	300	9	drop	drop	NOUN
fsr-3728	300	10	of	of	ADP
fsr-3728	300	11	10	10	NUM
fsr-3728	300	12	percent	percent	NOUN
fsr-3728	300	13	,	,	PUNCT
fsr-3728	300	14	which	which	PRON
fsr-3728	300	15	in	in	ADP
fsr-3728	300	16	turn	turn	NOUN
fsr-3728	300	17	leads	lead	VERB
fsr-3728	300	18	to	to	ADP
fsr-3728	300	19	other	other	ADJ
fsr-3728	300	20	investors	investor	NOUN
fsr-3728	300	21	redeeming	redeem	VERB
fsr-3728	300	22	20	20	NUM
fsr-3728	300	23	percent	percent	NOUN
fsr-3728	300	24	of	of	ADP
fsr-3728	300	25	the	the	DET
fsr-3728	300	26	shares	share	NOUN
fsr-3728	300	27	of	of	ADP
fsr-3728	300	28	the	the	DET
fsr-3728	300	29	fund	fund	NOUN
fsr-3728	300	30	.	.	PUNCT
fsr-3728	301	1	these	these	DET
fsr-3728	301	2	redemptions	redemption	NOUN
fsr-3728	301	3	cause	cause	VERB
fsr-3728	301	4	turnover	turnover	NOUN
fsr-3728	301	5	which	which	PRON
fsr-3728	301	6	results	result	VERB
fsr-3728	301	7	in	in	ADP
fsr-3728	301	8	20	20	NUM
fsr-3728	301	9	percent	percent	NOUN
fsr-3728	301	10	of	of	ADP
fsr-3728	301	11	the	the	DET
fsr-3728	301	12	remaining	remain	VERB
fsr-3728	301	13	capital	capital	NOUN
fsr-3728	301	14	gain	gain	NOUN
fsr-3728	301	15	of	of	ADP
fsr-3728	301	16	$	$	SYM
fsr-3728	301	17	9	9	NUM
fsr-3728	301	18	to	to	PART
fsr-3728	301	19	be	be	AUX
fsr-3728	301	20	realized	realize	VERB
fsr-3728	301	21	.	.	PUNCT
fsr-3728	302	1	later	later	ADV
fsr-3728	302	2	,	,	PUNCT
fsr-3728	302	3	the	the	DET
fsr-3728	302	4	investor	investor	NOUN
fsr-3728	302	5	will	will	AUX
fsr-3728	302	6	receive	receive	VERB
fsr-3728	302	7	a	a	DET
fsr-3728	302	8	capital	capital	NOUN
fsr-3728	302	9	gain	gain	NOUN
fsr-3728	302	10	distribution	distribution	NOUN
fsr-3728	302	11	of	of	ADP
fsr-3728	302	12	$	$	SYM
fsr-3728	302	13	1.80	1.80	NUM
fsr-3728	302	14	which	which	PRON
fsr-3728	302	15	creates	create	VERB
fsr-3728	302	16	a	a	DET
fsr-3728	302	17	tax	tax	NOUN
fsr-3728	302	18	liability	liability	NOUN
fsr-3728	302	19	of	of	ADP
fsr-3728	302	20	$	$	SYM
fsr-3728	302	21	0.63	0.63	NUM
fsr-3728	302	22	(	(	PUNCT
fsr-3728	302	23	assumed	assume	VERB
fsr-3728	302	24	tax	tax	NOUN
fsr-3728	302	25	rate	rate	NOUN
fsr-3728	302	26	of	of	ADP
fsr-3728	302	27	35	35	NUM
fsr-3728	302	28	%	%	NOUN
fsr-3728	302	29	)	)	PUNCT
fsr-3728	302	30	that	that	PRON
fsr-3728	302	31	causes	cause	VERB
fsr-3728	302	32	a	a	DET
fsr-3728	302	33	loss	loss	NOUN
fsr-3728	302	34	of	of	ADP
fsr-3728	302	35	3.15	3.15	NUM
fsr-3728	302	36	percent	percent	NOUN
fsr-3728	302	37	(	(	PUNCT
fsr-3728	302	38	$	$	SYM
fsr-3728	302	39	0.63/$20.00	0.63/$20.00	NUM
fsr-3728	302	40	)	)	PUNCT
fsr-3728	302	41	on	on	ADP
fsr-3728	302	42	the	the	DET
fsr-3728	302	43	original	original	ADJ
fsr-3728	302	44	investment	investment	NOUN
fsr-3728	302	45	.	.	PUNCT
fsr-3728	303	1	thus	thus	ADV
fsr-3728	303	2	,	,	PUNCT
fsr-3728	303	3	this	this	DET
fsr-3728	303	4	investor	investor	NOUN
fsr-3728	303	5	will	will	AUX
fsr-3728	303	6	lose	lose	VERB
fsr-3728	303	7	10	10	NUM
fsr-3728	303	8	percent	percent	NOUN
fsr-3728	303	9	because	because	SCONJ
fsr-3728	303	10	of	of	ADP
fsr-3728	303	11	the	the	DET
fsr-3728	303	12	market	market	NOUN
fsr-3728	303	13	decline	decline	NOUN
fsr-3728	303	14	plus	plus	CCONJ
fsr-3728	303	15	3.15	3.15	NUM
fsr-3728	303	16	percent	percent	NOUN
fsr-3728	303	17	due	due	ADP
fsr-3728	303	18	to	to	ADP
fsr-3728	303	19	the	the	DET
fsr-3728	303	20	tax	tax	NOUN
fsr-3728	303	21	liability	liability	NOUN
fsr-3728	303	22	.	.	PUNCT
fsr-3728	304	1	the	the	DET
fsr-3728	304	2	investor	investor	NOUN
fsr-3728	304	3	can	can	AUX
fsr-3728	304	4	avoid	avoid	VERB
fsr-3728	304	5	the	the	DET
fsr-3728	304	6	tax	tax	NOUN
fsr-3728	304	7	liability	liability	NOUN
fsr-3728	304	8	by	by	ADP
fsr-3728	304	9	redeeming	redeem	VERB
fsr-3728	304	10	the	the	DET
fsr-3728	304	11	shares	share	NOUN
fsr-3728	304	12	prior	prior	ADV
fsr-3728	304	13	to	to	ADP
fsr-3728	304	14	the	the	DET
fsr-3728	304	15	fund	fund	NOUN
fsr-3728	304	16	’s	’s	PART
fsr-3728	304	17	distribution	distribution	NOUN
fsr-3728	304	18	date	date	NOUN
fsr-3728	304	19	,	,	PUNCT
fsr-3728	304	20	but	but	CCONJ
fsr-3728	304	21	the	the	DET
fsr-3728	304	22	10	10	NUM
fsr-3728	304	23	percent	percent	NOUN
fsr-3728	304	24	market	market	NOUN
fsr-3728	304	25	loss	loss	NOUN
fsr-3728	304	26	is	be	AUX
fsr-3728	304	27	realized	realize	VERB
fsr-3728	304	28	when	when	SCONJ
fsr-3728	304	29	this	this	PRON
fsr-3728	304	30	is	be	AUX
fsr-3728	304	31	done	do	VERB
fsr-3728	304	32	.	.	PUNCT
fsr-3728	305	1	while	while	SCONJ
fsr-3728	305	2	this	this	DET
fsr-3728	305	3	example	example	NOUN
fsr-3728	305	4	might	might	AUX
fsr-3728	305	5	be	be	AUX
fsr-3728	305	6	considered	consider	VERB
fsr-3728	305	7	extreme	extreme	ADJ
fsr-3728	305	8	,	,	PUNCT
fsr-3728	305	9	an	an	DET
fsr-3728	305	10	investor	investor	NOUN
fsr-3728	305	11	in	in	ADP
fsr-3728	305	12	a	a	DET
fsr-3728	305	13	mutual	mutual	ADJ
fsr-3728	305	14	fund	fund	NOUN
fsr-3728	305	15	is	be	AUX
fsr-3728	305	16	at	at	ADP
fsr-3728	305	17	some	some	DET
fsr-3728	305	18	risk	risk	NOUN
fsr-3728	305	19	of	of	ADP
fsr-3728	305	20	paying	pay	VERB
fsr-3728	305	21	taxes	taxis	NOUN
fsr-3728	305	22	on	on	ADP
fsr-3728	305	23	gains	gain	NOUN
fsr-3728	305	24	in	in	ADP
fsr-3728	305	25	which	which	PRON
fsr-3728	305	26	he	he	PRON
fsr-3728	305	27	or	or	CCONJ
fsr-3728	305	28	she	she	PRON
fsr-3728	305	29	did	do	AUX
fsr-3728	305	30	not	not	PART
fsr-3728	305	31	participate	participate	VERB
fsr-3728	305	32	.	.	PUNCT
fsr-3728	306	1	this	this	PRON
fsr-3728	306	2	can	can	AUX
fsr-3728	306	3	occur	occur	VERB
fsr-3728	306	4	in	in	ADP
fsr-3728	306	5	bull	bull	NOUN
fsr-3728	306	6	markets	market	NOUN
fsr-3728	306	7	when	when	SCONJ
fsr-3728	306	8	managers	manager	NOUN
fsr-3728	306	9	realize	realize	VERB
fsr-3728	306	10	gains	gain	NOUN
fsr-3728	306	11	for	for	ADP
fsr-3728	306	12	market	market	NOUN
fsr-3728	306	13	timing	timing	NOUN
fsr-3728	306	14	purposes	purpose	NOUN
fsr-3728	306	15	or	or	CCONJ
fsr-3728	306	16	other	other	ADJ
fsr-3728	306	17	tactical	tactical	ADJ
fsr-3728	306	18	reasons	reason	NOUN
fsr-3728	306	19	.	.	PUNCT
fsr-3728	307	1	it	it	PRON
fsr-3728	307	2	is	be	AUX
fsr-3728	307	3	difficult	difficult	ADJ
fsr-3728	307	4	for	for	SCONJ
fsr-3728	307	5	the	the	DET
fsr-3728	307	6	long	long	ADJ
fsr-3728	307	7	range	range	NOUN
fsr-3728	307	8	investor	investor	NOUN
fsr-3728	307	9	in	in	ADP
fsr-3728	307	10	stock	stock	NOUN
fsr-3728	307	11	mutual	mutual	ADJ
fsr-3728	307	12	funds	fund	NOUN
fsr-3728	307	13	to	to	PART
fsr-3728	307	14	avoid	avoid	VERB
fsr-3728	307	15	this	this	DET
fsr-3728	307	16	risk	risk	NOUN
fsr-3728	307	17	.	.	PUNCT
fsr-3728	308	1	one	one	NUM
fsr-3728	308	2	way	way	NOUN
fsr-3728	308	3	is	be	AUX
fsr-3728	308	4	to	to	PART
fsr-3728	308	5	invest	invest	VERB
fsr-3728	308	6	in	in	ADP
fsr-3728	308	7	funds	fund	NOUN
fsr-3728	308	8	which	which	PRON
fsr-3728	308	9	have	have	VERB
fsr-3728	308	10	little	little	ADJ
fsr-3728	308	11	or	or	CCONJ
fsr-3728	308	12	no	no	PRON
fsr-3728	308	13	unrealized	unrealized	ADJ
fsr-3728	308	14	gains	gain	NOUN
fsr-3728	308	15	.	.	PUNCT
fsr-3728	309	1	funds	fund	NOUN
fsr-3728	309	2	of	of	ADP
fsr-3728	309	3	this	this	DET
fsr-3728	309	4	type	type	NOUN
fsr-3728	309	5	include	include	VERB
fsr-3728	309	6	new	new	ADJ
fsr-3728	309	7	funds	fund	NOUN
fsr-3728	309	8	,	,	PUNCT
fsr-3728	309	9	funds	fund	NOUN
fsr-3728	309	10	that	that	PRON
fsr-3728	309	11	have	have	AUX
fsr-3728	309	12	done	do	VERB
fsr-3728	309	13	poorly	poorly	ADV
fsr-3728	309	14	in	in	ADP
fsr-3728	309	15	the	the	DET
fsr-3728	309	16	past	past	NOUN
fsr-3728	309	17	,	,	PUNCT
fsr-3728	309	18	or	or	CCONJ
fsr-3728	309	19	funds	fund	NOUN
fsr-3728	309	20	that	that	PRON
fsr-3728	309	21	have	have	VERB
fsr-3728	309	22	a	a	DET
fsr-3728	309	23	history	history	NOUN
fsr-3728	309	24	of	of	ADP
fsr-3728	309	25	taking	take	VERB
fsr-3728	309	26	their	their	PRON
fsr-3728	309	27	gains	gain	NOUN
fsr-3728	309	28	quickly	quickly	ADV
fsr-3728	309	29	.	.	PUNCT
fsr-3728	310	1	this	this	PRON
fsr-3728	310	2	is	be	AUX
fsr-3728	310	3	not	not	PART
fsr-3728	310	4	a	a	DET
fsr-3728	310	5	very	very	ADV
fsr-3728	310	6	attractive	attractive	ADJ
fsr-3728	310	7	group	group	NOUN
fsr-3728	310	8	of	of	ADP
fsr-3728	310	9	funds	fund	NOUN
fsr-3728	310	10	from	from	ADP
fsr-3728	310	11	which	which	PRON
fsr-3728	310	12	to	to	PART
fsr-3728	310	13	pick	pick	VERB
fsr-3728	310	14	.	.	PUNCT
fsr-3728	311	1	a	a	DET
fsr-3728	311	2	method	method	NOUN
fsr-3728	311	3	of	of	ADP
fsr-3728	311	4	minimizing	minimize	VERB
fsr-3728	311	5	the	the	DET
fsr-3728	311	6	nonparticipant	nonparticipant	ADJ
fsr-3728	311	7	capital	capital	NOUN
fsr-3728	311	8	gain	gain	VERB
fsr-3728	311	9	tax	tax	NOUN
fsr-3728	311	10	risk	risk	NOUN
fsr-3728	311	11	when	when	SCONJ
fsr-3728	311	12	using	use	VERB
fsr-3728	311	13	funds	fund	NOUN
fsr-3728	311	14	with	with	ADP
fsr-3728	311	15	large	large	ADJ
fsr-3728	311	16	unrealized	unrealized	ADJ
fsr-3728	311	17	capital	capital	NOUN
fsr-3728	311	18	gains	gain	NOUN
fsr-3728	311	19	is	be	AUX
fsr-3728	311	20	to	to	PART
fsr-3728	311	21	only	only	ADV
fsr-3728	311	22	invest	invest	VERB
fsr-3728	311	23	in	in	ADP
fsr-3728	311	24	funds	fund	NOUN
fsr-3728	311	25	that	that	PRON
fsr-3728	311	26	have	have	VERB
fsr-3728	311	27	a	a	DET
fsr-3728	311	28	relatively	relatively	ADV
fsr-3728	311	29	long	long	ADJ
fsr-3728	311	30	record	record	NOUN
fsr-3728	311	31	of	of	ADP
fsr-3728	311	32	asset	asset	NOUN
fsr-3728	311	33	growth	growth	NOUN
fsr-3728	311	34	.	.	PUNCT
fsr-3728	312	1	this	this	DET
fsr-3728	312	2	type	type	NOUN
fsr-3728	312	3	of	of	ADP
fsr-3728	312	4	fund	fund	NOUN
fsr-3728	312	5	will	will	AUX
fsr-3728	312	6	have	have	AUX
fsr-3728	312	7	accumulated	accumulate	VERB
fsr-3728	312	8	shares	share	NOUN
fsr-3728	312	9	over	over	ADP
fsr-3728	312	10	a	a	DET
fsr-3728	312	11	long	long	ADJ
fsr-3728	312	12	period	period	NOUN
fsr-3728	312	13	of	of	ADP
fsr-3728	312	14	time	time	NOUN
fsr-3728	312	15	,	,	PUNCT
fsr-3728	312	16	and	and	CCONJ
fsr-3728	312	17	will	will	AUX
fsr-3728	312	18	be	be	AUX
fsr-3728	312	19	able	able	ADJ
fsr-3728	312	20	to	to	PART
fsr-3728	312	21	initially	initially	ADV
fsr-3728	312	22	sell	sell	VERB
fsr-3728	312	23	shares	share	NOUN
fsr-3728	312	24	with	with	ADP
fsr-3728	312	25	the	the	DET
fsr-3728	312	26	highest	high	ADJ
fsr-3728	312	27	cost	cost	NOUN
fsr-3728	312	28	basis	basis	NOUN
fsr-3728	312	29	,	,	PUNCT
fsr-3728	312	30	typically	typically	ADV
fsr-3728	312	31	the	the	DET
fsr-3728	312	32	last	last	ADJ
fsr-3728	312	33	purchased	purchase	VERB
fsr-3728	312	34	.	.	PUNCT
fsr-3728	313	1	when	when	SCONJ
fsr-3728	313	2	this	this	DET
fsr-3728	313	3	type	type	NOUN
fsr-3728	313	4	of	of	ADP
fsr-3728	313	5	fund	fund	NOUN
fsr-3728	313	6	is	be	AUX
fsr-3728	313	7	forced	force	VERB
fsr-3728	313	8	to	to	PART
fsr-3728	313	9	sell	sell	VERB
fsr-3728	313	10	assets	asset	NOUN
fsr-3728	313	11	due	due	ADJ
fsr-3728	313	12	to	to	ADP
fsr-3728	313	13	net	net	ADJ
fsr-3728	313	14	redemptions	redemption	NOUN
fsr-3728	313	15	,	,	PUNCT
fsr-3728	313	16	a	a	DET
fsr-3728	313	17	lifo	lifo	NOUN
fsr-3728	313	18	approach	approach	NOUN
fsr-3728	313	19	will	will	AUX
fsr-3728	313	20	ajter	ajter	NOUN
fsr-3728	313	21	-	-	PUNCT
fsr-3728	313	22	tax	tax	NOUN
fsr-3728	313	23	mutual	mutual	ADJ
fsr-3728	313	24	fund	fund	NOUN
fsr-3728	313	25	returns	return	VERB
fsr-3728	313	26	139	139	NUM
fsr-3728	313	27	minimize	minimize	NOUN
fsr-3728	313	28	realized	realize	VERB
fsr-3728	313	29	capital	capital	NOUN
fsr-3728	313	30	gains	gain	NOUN
fsr-3728	313	31	.	.	PUNCT
fsr-3728	314	1	fund	fund	NOUN
fsr-3728	314	2	managers	manager	NOUN
fsr-3728	314	3	are	be	AUX
fsr-3728	314	4	aware	aware	ADJ
fsr-3728	314	5	of	of	ADP
fsr-3728	314	6	the	the	DET
fsr-3728	314	7	tax	tax	NOUN
fsr-3728	314	8	consequences	consequence	NOUN
fsr-3728	314	9	of	of	ADP
fsr-3728	314	10	their	their	PRON
fsr-3728	314	11	turnover	turnover	NOUN
fsr-3728	314	12	and	and	CCONJ
fsr-3728	314	13	,	,	PUNCT
fsr-3728	314	14	hopefully	hopefully	ADV
fsr-3728	314	15	,	,	PUNCT
fsr-3728	314	16	are	be	AUX
fsr-3728	314	17	motivated	motivated	ADJ
fsr-3728	314	18	to	to	PART
fsr-3728	314	19	keep	keep	VERB
fsr-3728	314	20	their	their	PRON
fsr-3728	314	21	taxable	taxable	ADJ
fsr-3728	314	22	shareholders	shareholder	NOUN
fsr-3728	314	23	happy	happy	ADJ
fsr-3728	314	24	by	by	ADP
fsr-3728	314	25	minimiz	minimiz	ADJ
fsr-3728	314	26	ing	ing	ADJ
fsr-3728	314	27	tax	tax	NOUN
fsr-3728	314	28	drag	drag	NOUN
fsr-3728	314	29	.	.	PUNCT
fsr-3728	315	1	the	the	DET
fsr-3728	315	2	index	index	NOUN
fsr-3728	315	3	fund	fund	NOUN
fsr-3728	315	4	one	one	NUM
fsr-3728	315	5	of	of	ADP
fsr-3728	315	6	the	the	DET
fsr-3728	315	7	funds	fund	NOUN
fsr-3728	315	8	included	include	VERB
fsr-3728	315	9	in	in	ADP
fsr-3728	315	10	the	the	DET
fsr-3728	315	11	growth	growth	NOUN
fsr-3728	315	12	and	and	CCONJ
fsr-3728	315	13	income	income	NOUN
fsr-3728	315	14	sample	sample	NOUN
fsr-3728	315	15	is	be	AUX
fsr-3728	315	16	the	the	DET
fsr-3728	315	17	vanguard	vanguard	PROPN
fsr-3728	315	18	index	index	NOUN
fsr-3728	315	19	trust-500	trust-500	NOUN
fsr-3728	315	20	.	.	PUNCT
fsr-3728	316	1	this	this	DET
fsr-3728	316	2	fund	fund	NOUN
fsr-3728	316	3	is	be	AUX
fsr-3728	316	4	designed	design	VERB
fsr-3728	316	5	to	to	PART
fsr-3728	316	6	mimic	mimic	VERB
fsr-3728	316	7	the	the	DET
fsr-3728	316	8	returns	return	NOUN
fsr-3728	316	9	of	of	ADP
fsr-3728	316	10	the	the	DET
fsr-3728	316	11	s&p	s&p	PROPN
fsr-3728	316	12	500	500	NUM
fsr-3728	316	13	index	index	NOUN
fsr-3728	316	14	by	by	ADP
fsr-3728	316	15	investing	investing	NOUN
fsr-3728	316	16	,	,	PUNCT
fsr-3728	316	17	using	use	VERB
fsr-3728	316	18	index	index	NOUN
fsr-3728	316	19	weighting	weighting	NOUN
fsr-3728	316	20	factors	factor	NOUN
fsr-3728	316	21	,	,	PUNCT
fsr-3728	316	22	in	in	ADP
fsr-3728	316	23	the	the	DET
fsr-3728	316	24	index	index	NOUN
fsr-3728	316	25	companies	company	NOUN
fsr-3728	316	26	.	.	PUNCT
fsr-3728	317	1	the	the	DET
fsr-3728	317	2	vanguard	vanguard	PROPN
fsr-3728	317	3	index	index	PROPN
fsr-3728	317	4	trust-500	trust-500	NOUN
fsr-3728	317	5	had	have	VERB
fsr-3728	317	6	the	the	DET
fsr-3728	317	7	lowest	low	ADJ
fsr-3728	317	8	amount	amount	NOUN
fsr-3728	317	9	of	of	ADP
fsr-3728	317	10	return	return	NOUN
fsr-3728	317	11	lost	lose	VERB
fsr-3728	317	12	to	to	ADP
fsr-3728	317	13	taxes	taxis	NOUN
fsr-3728	317	14	in	in	ADP
fsr-3728	317	15	the	the	DET
fsr-3728	317	16	growth	growth	NOUN
fsr-3728	317	17	and	and	CCONJ
fsr-3728	317	18	income	income	NOUN
fsr-3728	317	19	sample	sample	NOUN
fsr-3728	317	20	(	(	PUNCT
fsr-3728	317	21	1.65	1.65	NUM
fsr-3728	317	22	%	%	NOUN
fsr-3728	317	23	)	)	PUNCT
fsr-3728	317	24	,	,	PUNCT
fsr-3728	317	25	the	the	DET
fsr-3728	317	26	lowest	low	ADJ
fsr-3728	317	27	reported	report	VERB
fsr-3728	317	28	turnover	turnover	NOUN
fsr-3728	317	29	(	(	PUNCT
fsr-3728	317	30	lo%	lo%	NOUN
fsr-3728	317	31	)	)	PUNCT
fsr-3728	317	32	,	,	PUNCT
fsr-3728	317	33	and	and	CCONJ
fsr-3728	317	34	an	an	DET
fsr-3728	317	35	effective	effective	ADJ
fsr-3728	317	36	turnover	turnover	NOUN
fsr-3728	317	37	of	of	ADP
fsr-3728	317	38	only	only	ADV
fsr-3728	317	39	4.2	4.2	NUM
fsr-3728	317	40	percent	percent	NOUN
fsr-3728	317	41	.	.	PUNCT
fsr-3728	318	1	the	the	DET
fsr-3728	318	2	average	average	ADJ
fsr-3728	318	3	effective	effective	ADJ
fsr-3728	318	4	turnover	turnover	NOUN
fsr-3728	318	5	rate	rate	NOUN
fsr-3728	318	6	for	for	ADP
fsr-3728	318	7	this	this	DET
fsr-3728	318	8	fund	fund	NOUN
fsr-3728	318	9	group	group	NOUN
fsr-3728	318	10	was	be	AUX
fsr-3728	318	11	15.8	15.8	NUM
fsr-3728	318	12	percent	percent	NOUN
fsr-3728	318	13	.	.	PUNCT
fsr-3728	319	1	these	these	DET
fsr-3728	319	2	results	result	NOUN
fsr-3728	319	3	mean	mean	VERB
fsr-3728	319	4	that	that	SCONJ
fsr-3728	319	5	over	over	ADP
fsr-3728	319	6	a	a	DET
fsr-3728	319	7	20	20	NUM
fsr-3728	319	8	year	year	NOUN
fsr-3728	319	9	period	period	NOUN
fsr-3728	319	10	vanguard	vanguard	PROPN
fsr-3728	319	11	zndex	zndex	PROPN
fsr-3728	319	12	trust-500	trust-500	PROPN
fsr-3728	319	13	will	will	AUX
fsr-3728	319	14	beat	beat	VERB
fsr-3728	319	15	the	the	DET
fsr-3728	319	16	average	average	ADJ
fsr-3728	319	17	growth	growth	NOUN
fsr-3728	319	18	and	and	CCONJ
fsr-3728	319	19	income	income	NOUN
fsr-3728	319	20	fund	fund	NOUN
fsr-3728	319	21	in	in	ADP
fsr-3728	319	22	a	a	DET
fsr-3728	319	23	vap	vap	NOUN
fsr-3728	319	24	if	if	SCONJ
fsr-3728	319	25	the	the	DET
fsr-3728	319	26	vap	vap	NOUN
fsr-3728	319	27	plan	plan	NOUN
fsr-3728	319	28	has	have	VERB
fsr-3728	319	29	total	total	ADJ
fsr-3728	319	30	expenses	expense	NOUN
fsr-3728	319	31	greater	great	ADJ
fsr-3728	319	32	than	than	ADP
fsr-3728	319	33	1.19	1.19	NUM
fsr-3728	319	34	percent	percent	NOUN
fsr-3728	319	35	.	.	PUNCT
fsr-3728	320	1	recall	recall	VERB
fsr-3728	320	2	that	that	SCONJ
fsr-3728	320	3	the	the	DET
fsr-3728	320	4	average	average	ADJ
fsr-3728	320	5	total	total	ADJ
fsr-3728	320	6	expense	expense	NOUN
fsr-3728	320	7	for	for	ADP
fsr-3728	320	8	a	a	DET
fsr-3728	320	9	vap	vap	NOUN
fsr-3728	320	10	fund	fund	NOUN
fsr-3728	320	11	is	be	AUX
fsr-3728	320	12	2.05	2.05	NUM
fsr-3728	320	13	percent	percent	NOUN
fsr-3728	320	14	.	.	PUNCT
fsr-3728	321	1	the	the	DET
fsr-3728	321	2	vanguard	vanguard	PROPN
fsr-3728	321	3	index	index	NOUN
fsr-3728	321	4	trust-500	trust-500	NOUN
fsr-3728	321	5	,	,	PUNCT
fsr-3728	321	6	with	with	ADP
fsr-3728	321	7	1992	1992	NUM
fsr-3728	321	8	annual	annual	ADJ
fsr-3728	321	9	expenses	expense	NOUN
fsr-3728	321	10	of	of	ADP
fsr-3728	321	11	0.19	0.19	NUM
fsr-3728	321	12	percent	percent	NOUN
fsr-3728	321	13	,	,	PUNCT
fsr-3728	321	14	and	and	CCONJ
fsr-3728	321	15	less	less	ADJ
fsr-3728	321	16	than	than	ADP
fsr-3728	321	17	five	five	NUM
fsr-3728	321	18	percent	percent	NOUN
fsr-3728	321	19	effective	effective	ADJ
fsr-3728	321	20	turnover	turnover	NOUN
fsr-3728	321	21	,	,	PUNCT
fsr-3728	321	22	certainly	certainly	ADV
fsr-3728	321	23	sets	set	VERB
fsr-3728	321	24	the	the	DET
fsr-3728	321	25	standard	standard	NOUN
fsr-3728	321	26	in	in	ADP
fsr-3728	321	27	the	the	DET
fsr-3728	321	28	growth	growth	NOUN
fsr-3728	321	29	and	and	CCONJ
fsr-3728	321	30	income	income	NOUN
fsr-3728	321	31	objective	objective	ADJ
fsr-3728	321	32	category	category	NOUN
fsr-3728	321	33	.	.	PUNCT
fsr-3728	322	1	in	in	ADP
fsr-3728	322	2	keeping	keep	VERB
fsr-3728	322	3	with	with	ADP
fsr-3728	322	4	its	its	PRON
fsr-3728	322	5	low	low	ADJ
fsr-3728	322	6	tax	tax	NOUN
fsr-3728	322	7	drag	drag	NOUN
fsr-3728	322	8	,	,	PUNCT
fsr-3728	322	9	the	the	DET
fsr-3728	322	10	vanguard	vanguard	PROPN
fsr-3728	322	11	index	index	PROPN
fsr-3728	322	12	trust-500	trust-500	PROPN
fsr-3728	322	13	fund	fund	PROPN
fsr-3728	322	14	accumulated	accumulate	VERB
fsr-3728	322	15	unrealized	unrealized	ADJ
fsr-3728	322	16	capital	capital	NOUN
fsr-3728	322	17	gains	gain	NOUN
fsr-3728	322	18	of	of	ADP
fsr-3728	322	19	37	37	NUM
fsr-3728	322	20	percent	percent	NOUN
fsr-3728	322	21	in	in	ADP
fsr-3728	322	22	the	the	DET
fsr-3728	322	23	five	five	NUM
fsr-3728	322	24	year	year	NOUN
fsr-3728	322	25	period	period	NOUN
fsr-3728	322	26	.	.	PUNCT
fsr-3728	323	1	since	since	SCONJ
fsr-3728	323	2	inception	inception	NOUN
fsr-3728	323	3	,	,	PUNCT
fsr-3728	323	4	the	the	DET
fsr-3728	323	5	nav	nav	NOUN
fsr-3728	323	6	of	of	ADP
fsr-3728	323	7	the	the	DET
fsr-3728	323	8	fund	fund	NOUN
fsr-3728	323	9	has	have	AUX
fsr-3728	323	10	gone	go	VERB
fsr-3728	323	11	from	from	ADP
fsr-3728	323	12	$	$	SYM
fsr-3728	323	13	10	10	NUM
fsr-3728	323	14	to	to	PART
fsr-3728	323	15	$	$	SYM
fsr-3728	323	16	40.97	40.97	NUM
fsr-3728	323	17	.	.	PUNCT
fsr-3728	324	1	the	the	DET
fsr-3728	324	2	new	new	ADJ
fsr-3728	324	3	investor	investor	NOUN
fsr-3728	324	4	might	might	AUX
fsr-3728	324	5	be	be	AUX
fsr-3728	324	6	concerned	concern	VERB
fsr-3728	324	7	about	about	ADP
fsr-3728	324	8	the	the	DET
fsr-3728	324	9	risk	risk	NOUN
fsr-3728	324	10	of	of	ADP
fsr-3728	324	11	paying	pay	VERB
fsr-3728	324	12	tax	tax	NOUN
fsr-3728	324	13	on	on	ADP
fsr-3728	324	14	prior	prior	ADJ
fsr-3728	324	15	gains	gain	NOUN
fsr-3728	324	16	because	because	SCONJ
fsr-3728	324	17	of	of	ADP
fsr-3728	324	18	the	the	DET
fsr-3728	324	19	large	large	ADJ
fsr-3728	324	20	unrealized	unrealized	ADJ
fsr-3728	324	21	capital	capital	NOUN
fsr-3728	324	22	gain	gain	NOUN
fsr-3728	324	23	imbedded	imbed	VERB
fsr-3728	324	24	in	in	ADP
fsr-3728	324	25	the	the	DET
fsr-3728	324	26	nav	nav	NOUN
fsr-3728	324	27	,	,	PUNCT
fsr-3728	324	28	but	but	CCONJ
fsr-3728	324	29	this	this	DET
fsr-3728	324	30	risk	risk	NOUN
fsr-3728	324	31	is	be	AUX
fsr-3728	324	32	minimized	minimize	VERB
fsr-3728	324	33	due	due	ADP
fsr-3728	324	34	to	to	ADP
fsr-3728	324	35	the	the	DET
fsr-3728	324	36	constant	constant	ADJ
fsr-3728	324	37	growth	growth	NOUN
fsr-3728	324	38	in	in	ADP
fsr-3728	324	39	fund	fund	NOUN
fsr-3728	324	40	assets	asset	NOUN
fsr-3728	324	41	over	over	ADP
fsr-3728	324	42	the	the	DET
fsr-3728	324	43	last	last	ADJ
fsr-3728	324	44	12	12	NUM
fsr-3728	324	45	years	year	NOUN
fsr-3728	324	46	.	.	PUNCT
fsr-3728	325	1	during	during	ADP
fsr-3728	325	2	this	this	DET
fsr-3728	325	3	period	period	NOUN
fsr-3728	325	4	the	the	DET
fsr-3728	325	5	fund	fund	NOUN
fsr-3728	325	6	has	have	AUX
fsr-3728	325	7	been	be	AUX
fsr-3728	325	8	continuously	continuously	ADV
fsr-3728	325	9	buying	buy	VERB
fsr-3728	325	10	shares	share	NOUN
fsr-3728	325	11	of	of	ADP
fsr-3728	325	12	the	the	DET
fsr-3728	325	13	companies	company	NOUN
fsr-3728	325	14	in	in	ADP
fsr-3728	325	15	the	the	DET
fsr-3728	325	16	index	index	NOUN
fsr-3728	325	17	.	.	PUNCT
fsr-3728	326	1	if	if	SCONJ
fsr-3728	326	2	redemptions	redemption	NOUN
fsr-3728	326	3	force	force	VERB
fsr-3728	326	4	a	a	DET
fsr-3728	326	5	sale	sale	NOUN
fsr-3728	326	6	of	of	ADP
fsr-3728	326	7	a	a	DET
fsr-3728	326	8	percentage	percentage	NOUN
fsr-3728	326	9	of	of	ADP
fsr-3728	326	10	these	these	DET
fsr-3728	326	11	shares	share	NOUN
fsr-3728	326	12	,	,	PUNCT
fsr-3728	326	13	the	the	DET
fsr-3728	326	14	lifo	lifo	NOUN
fsr-3728	326	15	approach	approach	NOUN
fsr-3728	326	16	will	will	AUX
fsr-3728	326	17	result	result	VERB
fsr-3728	326	18	in	in	ADP
fsr-3728	326	19	minimal	minimal	ADJ
fsr-3728	326	20	capital	capital	NOUN
fsr-3728	326	21	gains	gain	NOUN
fsr-3728	326	22	being	be	AUX
fsr-3728	326	23	realized	realize	VERB
fsr-3728	326	24	.	.	PUNCT
fsr-3728	327	1	ii	ii	X
fsr-3728	327	2	.	.	PUNCT
fsr-3728	328	1	summary	summary	NOUN
fsr-3728	328	2	and	and	CCONJ
fsr-3728	328	3	conclusions	conclusion	NOUN
fsr-3728	328	4	paying	pay	VERB
fsr-3728	328	5	taxes	taxis	NOUN
fsr-3728	328	6	on	on	ADP
fsr-3728	328	7	distributions	distribution	NOUN
fsr-3728	328	8	from	from	ADP
fsr-3728	328	9	mutual	mutual	ADJ
fsr-3728	328	10	funds	fund	NOUN
fsr-3728	328	11	reduces	reduce	VERB
fsr-3728	328	12	the	the	DET
fsr-3728	328	13	rate	rate	NOUN
fsr-3728	328	14	at	at	ADP
fsr-3728	328	15	which	which	PRON
fsr-3728	328	16	savings	saving	NOUN
fsr-3728	328	17	grow	grow	VERB
fsr-3728	328	18	.	.	PUNCT
fsr-3728	329	1	when	when	SCONJ
fsr-3728	329	2	taxes	taxis	NOUN
fsr-3728	329	3	are	be	AUX
fsr-3728	329	4	deferred	defer	VERB
fsr-3728	329	5	,	,	PUNCT
fsr-3728	329	6	compounding	compounding	NOUN
fsr-3728	329	7	increases	increase	VERB
fsr-3728	329	8	the	the	DET
fsr-3728	329	9	ultimate	ultimate	ADJ
fsr-3728	329	10	after	after	ADP
fsr-3728	329	11	-	-	PUNCT
fsr-3728	329	12	tax	tax	NOUN
fsr-3728	329	13	return	return	NOUN
fsr-3728	329	14	.	.	PUNCT
fsr-3728	330	1	in	in	ADP
fsr-3728	330	2	order	order	NOUN
fsr-3728	330	3	to	to	PART
fsr-3728	330	4	achieve	achieve	VERB
fsr-3728	330	5	savings	saving	NOUN
fsr-3728	330	6	goals	goal	NOUN
fsr-3728	330	7	,	,	PUNCT
fsr-3728	330	8	investors	investor	NOUN
fsr-3728	330	9	need	need	VERB
fsr-3728	330	10	to	to	PART
fsr-3728	330	11	realize	realize	VERB
fsr-3728	330	12	certain	certain	ADJ
fsr-3728	330	13	after	after	ADP
fsr-3728	330	14	-	-	PUNCT
fsr-3728	330	15	tax	tax	NOUN
fsr-3728	330	16	results	result	NOUN
fsr-3728	330	17	.	.	PUNCT
fsr-3728	331	1	unfortunately	unfortunately	ADV
fsr-3728	331	2	,	,	PUNCT
fsr-3728	331	3	after	after	ADP
fsr-3728	331	4	-	-	PUNCT
fsr-3728	331	5	tax	tax	NOUN
fsr-3728	331	6	performance	performance	NOUN
fsr-3728	331	7	results	result	NOUN
fsr-3728	331	8	are	be	AUX
fsr-3728	331	9	not	not	PART
fsr-3728	331	10	reported	report	VERB
fsr-3728	331	11	by	by	ADP
fsr-3728	331	12	most	most	ADJ
fsr-3728	331	13	of	of	ADP
fsr-3728	331	14	the	the	DET
fsr-3728	331	15	services	service	NOUN
fsr-3728	331	16	that	that	PRON
fsr-3728	331	17	report	report	VERB
fsr-3728	331	18	on	on	ADP
fsr-3728	331	19	mutual	mutual	ADJ
fsr-3728	331	20	fund	fund	NOUN
fsr-3728	331	21	performance	performance	NOUN
fsr-3728	331	22	.	.	PUNCT
fsr-3728	332	1	reported	report	VERB
fsr-3728	332	2	mutual	mutual	ADJ
fsr-3728	332	3	fund	fund	NOUN
fsr-3728	332	4	turnover	turnover	NOUN
fsr-3728	332	5	has	have	AUX
fsr-3728	332	6	been	be	AUX
fsr-3728	332	7	suggested	suggest	VERB
fsr-3728	332	8	as	as	ADP
fsr-3728	332	9	an	an	DET
fsr-3728	332	10	indicator	indicator	NOUN
fsr-3728	332	11	of	of	ADP
fsr-3728	332	12	potential	potential	ADJ
fsr-3728	332	13	loss	loss	NOUN
fsr-3728	332	14	of	of	ADP
fsr-3728	332	15	return	return	NOUN
fsr-3728	332	16	due	due	ADP
fsr-3728	332	17	to	to	ADP
fsr-3728	332	18	taxes	taxis	NOUN
fsr-3728	332	19	on	on	ADP
fsr-3728	332	20	distributions	distribution	NOUN
fsr-3728	332	21	.	.	PUNCT
fsr-3728	333	1	the	the	DET
fsr-3728	333	2	results	result	NOUN
fsr-3728	333	3	described	describe	VERB
fsr-3728	333	4	in	in	ADP
fsr-3728	333	5	this	this	DET
fsr-3728	333	6	paper	paper	NOUN
fsr-3728	333	7	show	show	NOUN
fsr-3728	333	8	that	that	PRON
fsr-3728	333	9	reported	report	VERB
fsr-3728	333	10	turnover	turnover	NOUN
fsr-3728	333	11	has	have	VERB
fsr-3728	333	12	a	a	DET
fsr-3728	333	13	low	low	ADJ
fsr-3728	333	14	correlation	correlation	NOUN
fsr-3728	333	15	with	with	ADP
fsr-3728	333	16	computed	compute	VERB
fsr-3728	333	17	after	after	ADP
fsr-3728	333	18	-	-	PUNCT
fsr-3728	333	19	tax	tax	NOUN
fsr-3728	333	20	returns	return	NOUN
fsr-3728	333	21	.	.	PUNCT
fsr-3728	334	1	this	this	DET
fsr-3728	334	2	lack	lack	NOUN
fsr-3728	334	3	of	of	ADP
fsr-3728	334	4	correlation	correlation	NOUN
fsr-3728	334	5	is	be	AUX
fsr-3728	334	6	the	the	DET
fsr-3728	334	7	result	result	NOUN
fsr-3728	334	8	of	of	ADP
fsr-3728	334	9	mutual	mutual	ADJ
fsr-3728	334	10	fund	fund	NOUN
fsr-3728	334	11	managers	manager	NOUN
fsr-3728	334	12	selling	sell	VERB
fsr-3728	334	13	more	more	ADJ
fsr-3728	334	14	losers	loser	NOUN
fsr-3728	334	15	than	than	ADP
fsr-3728	334	16	winners	winner	NOUN
fsr-3728	334	17	.	.	PUNCT
fsr-3728	335	1	high	high	ADJ
fsr-3728	335	2	reported	report	VERB
fsr-3728	335	3	turnover	turnover	NOUN
fsr-3728	335	4	does	do	AUX
fsr-3728	335	5	not	not	PART
fsr-3728	335	6	necessarily	necessarily	ADV
fsr-3728	335	7	mean	mean	VERB
fsr-3728	335	8	that	that	SCONJ
fsr-3728	335	9	a	a	DET
fsr-3728	335	10	fund	fund	NOUN
fsr-3728	335	11	manager	manager	NOUN
fsr-3728	335	12	is	be	AUX
fsr-3728	335	13	realizing	realize	VERB
fsr-3728	335	14	past	past	ADP
fsr-3728	335	15	capital	capital	NOUN
fsr-3728	335	16	gains	gain	NOUN
fsr-3728	335	17	.	.	PUNCT
fsr-3728	336	1	the	the	DET
fsr-3728	336	2	five	five	NUM
fsr-3728	336	3	year	year	NOUN
fsr-3728	336	4	historical	historical	ADJ
fsr-3728	336	5	results	result	NOUN
fsr-3728	336	6	reported	report	VERB
fsr-3728	336	7	on	on	ADP
fsr-3728	336	8	above	above	ADV
fsr-3728	336	9	show	show	VERB
fsr-3728	336	10	that	that	SCONJ
fsr-3728	336	11	a	a	DET
fsr-3728	336	12	mutual	mutual	ADJ
fsr-3728	336	13	fund	fund	NOUN
fsr-3728	336	14	can	can	AUX
fsr-3728	336	15	have	have	VERB
fsr-3728	336	16	above	above	ADP
fsr-3728	336	17	average	average	ADJ
fsr-3728	336	18	before	before	ADP
fsr-3728	336	19	-	-	PUNCT
fsr-3728	336	20	tax	tax	NOUN
fsr-3728	336	21	returns	return	NOUN
fsr-3728	336	22	,	,	PUNCT
fsr-3728	336	23	but	but	CCONJ
fsr-3728	336	24	below	below	ADP
fsr-3728	336	25	average	average	ADJ
fsr-3728	336	26	after	after	ADP
fsr-3728	336	27	-	-	PUNCT
fsr-3728	336	28	tax	tax	NOUN
fsr-3728	336	29	returns	return	NOUN
fsr-3728	336	30	.	.	PUNCT
fsr-3728	337	1	these	these	DET
fsr-3728	337	2	results	result	NOUN
fsr-3728	337	3	also	also	ADV
fsr-3728	337	4	show	show	VERB
fsr-3728	337	5	that	that	SCONJ
fsr-3728	337	6	up	up	ADP
fsr-3728	337	7	to	to	PART
fsr-3728	337	8	three	three	NUM
fsr-3728	337	9	percent	percent	NOUN
fsr-3728	337	10	difference	difference	NOUN
fsr-3728	337	11	in	in	ADP
fsr-3728	337	12	after	after	ADP
fsr-3728	337	13	-	-	PUNCT
fsr-3728	337	14	tax	tax	NOUN
fsr-3728	337	15	performance	performance	NOUN
fsr-3728	337	16	can	can	AUX
fsr-3728	337	17	be	be	AUX
fsr-3728	337	18	attributed	attribute	VERB
fsr-3728	337	19	to	to	ADP
fsr-3728	337	20	fund	fund	NOUN
fsr-3728	337	21	management	management	NOUN
fsr-3728	337	22	style	style	NOUN
fsr-3728	337	23	.	.	PUNCT
fsr-3728	338	1	it	it	PRON
fsr-3728	338	2	is	be	AUX
fsr-3728	338	3	important	important	ADJ
fsr-3728	338	4	that	that	SCONJ
fsr-3728	338	5	investors	investor	NOUN
fsr-3728	338	6	focus	focus	VERB
fsr-3728	338	7	on	on	ADP
fsr-3728	338	8	the	the	DET
fsr-3728	338	9	impact	impact	NOUN
fsr-3728	338	10	that	that	PRON
fsr-3728	338	11	distributions	distribution	NOUN
fsr-3728	338	12	and	and	CCONJ
fsr-3728	338	13	taxes	taxis	NOUN
fsr-3728	338	14	have	have	VERB
fsr-3728	338	15	on	on	ADP
fsr-3728	338	16	their	their	PRON
fsr-3728	338	17	savings	saving	NOUN
fsr-3728	338	18	plans	plan	NOUN
fsr-3728	338	19	in	in	ADP
fsr-3728	338	20	order	order	NOUN
fsr-3728	338	21	to	to	PART
fsr-3728	338	22	maximize	maximize	VERB
fsr-3728	338	23	after	after	ADP
fsr-3728	338	24	-	-	PUNCT
fsr-3728	338	25	tax	tax	NOUN
fsr-3728	338	26	return	return	NOUN
fsr-3728	338	27	.	.	PUNCT
fsr-3728	339	1	it	it	PRON
fsr-3728	339	2	is	be	AUX
fsr-3728	339	3	common	common	ADJ
fsr-3728	339	4	for	for	SCONJ
fsr-3728	339	5	an	an	DET
fsr-3728	339	6	investor	investor	NOUN
fsr-3728	339	7	to	to	PART
fsr-3728	339	8	have	have	VERB
fsr-3728	339	9	some	some	DET
fsr-3728	339	10	savings	saving	NOUN
fsr-3728	339	11	in	in	ADP
fsr-3728	339	12	qualified	qualified	ADJ
fsr-3728	339	13	tax	tax	NOUN
fsr-3728	339	14	-	-	PUNCT
fsr-3728	339	15	deferred	defer	VERB
fsr-3728	339	16	plans	plan	NOUN
fsr-3728	339	17	and	and	CCONJ
fsr-3728	339	18	the	the	DET
fsr-3728	339	19	remainder	remainder	NOUN
fsr-3728	339	20	in	in	ADP
fsr-3728	339	21	taxable	taxable	ADJ
fsr-3728	339	22	savings	saving	NOUN
fsr-3728	339	23	plans	plan	NOUN
fsr-3728	339	24	.	.	PUNCT
fsr-3728	340	1	it	it	PRON
fsr-3728	340	2	is	be	AUX
fsr-3728	340	3	also	also	ADV
fsr-3728	340	4	common	common	ADJ
fsr-3728	340	5	for	for	SCONJ
fsr-3728	340	6	investors	investor	NOUN
fsr-3728	340	7	to	to	PART
fsr-3728	340	8	diversify	diversify	VERB
fsr-3728	340	9	among	among	ADP
fsr-3728	340	10	different	different	ADJ
fsr-3728	340	11	risk	risk	NOUN
fsr-3728	340	12	categories	category	NOUN
fsr-3728	340	13	.	.	PUNCT
fsr-3728	341	1	the	the	DET
fsr-3728	341	2	strategy	strategy	NOUN
fsr-3728	341	3	to	to	PART
fsr-3728	341	4	use	use	VERB
fsr-3728	341	5	in	in	ADP
fsr-3728	341	6	this	this	DET
fsr-3728	341	7	situation	situation	NOUN
fsr-3728	341	8	is	be	AUX
fsr-3728	341	9	to	to	PART
fsr-3728	341	10	have	have	VERB
fsr-3728	341	11	investments	investment	NOUN
fsr-3728	341	12	with	with	ADP
fsr-3728	341	13	high	high	ADJ
fsr-3728	341	14	140	140	NUM
fsr-3728	341	15	financial	financial	ADJ
fsr-3728	341	16	services	service	NOUN
fsr-3728	341	17	review	review	NOUN
fsr-3728	341	18	,	,	PUNCT
fsr-3728	341	19	3(2	3(2	NUM
fsr-3728	341	20	)	)	PUNCT
fsr-3728	341	21	1994	1994	NUM
fsr-3728	341	22	tax	tax	NOUN
fsr-3728	341	23	drag	drag	NOUN
fsr-3728	341	24	in	in	ADP
fsr-3728	341	25	the	the	DET
fsr-3728	341	26	tax	tax	NOUN
fsr-3728	341	27	-	-	PUNCT
fsr-3728	341	28	deferred	defer	VERB
fsr-3728	341	29	plan	plan	NOUN
fsr-3728	341	30	and	and	CCONJ
fsr-3728	341	31	investments	investment	NOUN
fsr-3728	341	32	with	with	ADP
fsr-3728	341	33	low	low	ADJ
fsr-3728	341	34	tax	tax	NOUN
fsr-3728	341	35	drag	drag	NOUN
fsr-3728	341	36	in	in	ADP
fsr-3728	341	37	the	the	DET
fsr-3728	341	38	taxable	taxable	ADJ
fsr-3728	341	39	plan	plan	NOUN
fsr-3728	341	40	.	.	PUNCT
fsr-3728	342	1	since	since	SCONJ
fsr-3728	342	2	average	average	ADJ
fsr-3728	342	3	tax	tax	NOUN
fsr-3728	342	4	drag	drag	NOUN
fsr-3728	342	5	is	be	AUX
fsr-3728	342	6	relatively	relatively	ADV
fsr-3728	342	7	consistent	consistent	ADJ
fsr-3728	342	8	across	across	ADP
fsr-3728	342	9	fund	fund	NOUN
fsr-3728	342	10	categories	category	NOUN
fsr-3728	342	11	,	,	PUNCT
fsr-3728	342	12	more	more	ADV
fsr-3728	342	13	detailed	detailed	ADJ
fsr-3728	342	14	information	information	NOUN
fsr-3728	342	15	on	on	ADP
fsr-3728	342	16	the	the	DET
fsr-3728	342	17	alternative	alternative	ADJ
fsr-3728	342	18	funds	fund	NOUN
fsr-3728	342	19	is	be	AUX
fsr-3728	342	20	needed	need	VERB
fsr-3728	342	21	to	to	PART
fsr-3728	342	22	optimize	optimize	VERB
fsr-3728	342	23	this	this	DET
fsr-3728	342	24	decision	decision	NOUN
fsr-3728	342	25	.	.	PUNCT
fsr-3728	343	1	the	the	DET
fsr-3728	343	2	data	datum	NOUN
fsr-3728	343	3	presented	present	VERB
fsr-3728	343	4	in	in	ADP
fsr-3728	343	5	table	table	NOUN
fsr-3728	343	6	4	4	NUM
fsr-3728	343	7	show	show	VERB
fsr-3728	343	8	that	that	SCONJ
fsr-3728	343	9	low	low	ADJ
fsr-3728	343	10	tax	tax	NOUN
fsr-3728	343	11	drag	drag	NOUN
fsr-3728	343	12	funds	fund	NOUN
fsr-3728	343	13	are	be	AUX
fsr-3728	343	14	in	in	ADP
fsr-3728	343	15	the	the	DET
fsr-3728	343	16	growth	growth	NOUN
fsr-3728	343	17	fund	fund	NOUN
fsr-3728	343	18	category	category	NOUN
fsr-3728	343	19	.	.	PUNCT
fsr-3728	344	1	it	it	PRON
fsr-3728	344	2	is	be	AUX
fsr-3728	344	3	unlikely	unlikely	ADJ
fsr-3728	344	4	that	that	SCONJ
fsr-3728	344	5	a	a	DET
fsr-3728	344	6	low	low	ADJ
fsr-3728	344	7	tax	tax	NOUN
fsr-3728	344	8	drag	drag	NOUN
fsr-3728	344	9	bond	bond	NOUN
fsr-3728	344	10	fund	fund	NOUN
fsr-3728	344	11	exists	exist	VERB
fsr-3728	344	12	due	due	ADJ
fsr-3728	344	13	to	to	ADP
fsr-3728	344	14	the	the	DET
fsr-3728	344	15	high	high	ADJ
fsr-3728	344	16	level	level	NOUN
fsr-3728	344	17	of	of	ADP
fsr-3728	344	18	distributions	distribution	NOUN
fsr-3728	344	19	required	require	VERB
fsr-3728	344	20	of	of	ADP
fsr-3728	344	21	this	this	DET
fsr-3728	344	22	type	type	NOUN
fsr-3728	344	23	of	of	ADP
fsr-3728	344	24	fund	fund	NOUN
fsr-3728	344	25	.	.	PUNCT
fsr-3728	345	1	without	without	ADP
fsr-3728	345	2	a	a	DET
fsr-3728	345	3	detailed	detailed	ADJ
fsr-3728	345	4	analysis	analysis	NOUN
fsr-3728	345	5	,	,	PUNCT
fsr-3728	345	6	the	the	DET
fsr-3728	345	7	investor	investor	NOUN
fsr-3728	345	8	is	be	AUX
fsr-3728	345	9	probably	probably	ADV
fsr-3728	345	10	better	well	ADJ
fsr-3728	345	11	off	off	ADP
fsr-3728	345	12	having	have	VERB
fsr-3728	345	13	the	the	DET
fsr-3728	345	14	bond	bond	NOUN
fsr-3728	345	15	or	or	CCONJ
fsr-3728	345	16	fixed	fix	VERB
fsr-3728	345	17	income	income	NOUN
fsr-3728	345	18	portion	portion	NOUN
fsr-3728	345	19	of	of	ADP
fsr-3728	345	20	savings	saving	NOUN
fsr-3728	345	21	in	in	ADP
fsr-3728	345	22	the	the	DET
fsr-3728	345	23	tax	tax	NOUN
fsr-3728	345	24	-	-	PUNCT
fsr-3728	345	25	deferred	defer	VERB
fsr-3728	345	26	plan	plan	NOUN
fsr-3728	345	27	.	.	PUNCT
fsr-3728	346	1	taxable	taxable	ADJ
fsr-3728	346	2	plans	plan	NOUN
fsr-3728	346	3	would	would	AUX
fsr-3728	346	4	usually	usually	ADV
fsr-3728	346	5	be	be	AUX
fsr-3728	346	6	the	the	DET
fsr-3728	346	7	better	well	ADJ
fsr-3728	346	8	place	place	NOUN
fsr-3728	346	9	for	for	ADP
fsr-3728	346	10	stock	stock	NOUN
fsr-3728	346	11	funds	fund	NOUN
fsr-3728	346	12	.	.	PUNCT
fsr-3728	347	1	since	since	SCONJ
fsr-3728	347	2	investors	investor	NOUN
fsr-3728	347	3	do	do	AUX
fsr-3728	347	4	not	not	PART
fsr-3728	347	5	have	have	VERB
fsr-3728	347	6	adequate	adequate	ADJ
fsr-3728	347	7	information	information	NOUN
fsr-3728	347	8	to	to	PART
fsr-3728	347	9	minimize	minimize	VERB
fsr-3728	347	10	taxes	taxis	NOUN
fsr-3728	347	11	and	and	CCONJ
fsr-3728	347	12	maximize	maximize	VERB
fsr-3728	347	13	wealth	wealth	NOUN
fsr-3728	347	14	accumulation	accumulation	NOUN
fsr-3728	347	15	,	,	PUNCT
fsr-3728	347	16	it	it	PRON
fsr-3728	347	17	is	be	AUX
fsr-3728	347	18	recommended	recommend	VERB
fsr-3728	347	19	that	that	SCONJ
fsr-3728	347	20	mutual	mutual	ADJ
fsr-3728	347	21	fund	fund	NOUN
fsr-3728	347	22	reporting	reporting	NOUN
fsr-3728	347	23	services	service	NOUN
fsr-3728	347	24	provide	provide	VERB
fsr-3728	347	25	an	an	DET
fsr-3728	347	26	after	after	ADP
fsr-3728	347	27	-	-	PUNCT
fsr-3728	347	28	tax	tax	NOUN
fsr-3728	347	29	return	return	NOUN
fsr-3728	347	30	based	base	VERB
fsr-3728	347	31	on	on	ADP
fsr-3728	347	32	a	a	DET
fsr-3728	347	33	typical	typical	ADJ
fsr-3728	347	34	,	,	PUNCT
fsr-3728	347	35	but	but	CCONJ
fsr-3728	347	36	standardized	standardized	ADJ
fsr-3728	347	37	tax	tax	NOUN
fsr-3728	347	38	rate	rate	NOUN
fsr-3728	347	39	.	.	PUNCT
fsr-3728	348	1	the	the	DET
fsr-3728	348	2	rate	rate	NOUN
fsr-3728	348	3	of	of	ADP
fsr-3728	348	4	wealth	wealth	NOUN
fsr-3728	348	5	accumulation	accumulation	NOUN
fsr-3728	348	6	(	(	PUNCT
fsr-3728	348	7	rwa	rwa	PROPN
fsr-3728	348	8	)	)	PUNCT
fsr-3728	348	9	is	be	AUX
fsr-3728	348	10	recommended	recommend	VERB
fsr-3728	348	11	as	as	ADP
fsr-3728	348	12	the	the	DET
fsr-3728	348	13	standard	standard	ADJ
fsr-3728	348	14	after	after	ADP
fsr-3728	348	15	-	-	PUNCT
fsr-3728	348	16	tax	tax	NOUN
fsr-3728	348	17	return	return	NOUN
fsr-3728	348	18	.	.	PUNCT
fsr-3728	349	1	this	this	DET
fsr-3728	349	2	return	return	NOUN
fsr-3728	349	3	can	can	AUX
fsr-3728	349	4	easily	easily	ADV
fsr-3728	349	5	be	be	AUX
fsr-3728	349	6	provided	provide	VERB
fsr-3728	349	7	,	,	PUNCT
fsr-3728	349	8	along	along	ADP
fsr-3728	349	9	with	with	ADP
fsr-3728	349	10	the	the	DET
fsr-3728	349	11	total	total	ADJ
fsr-3728	349	12	return	return	NOUN
fsr-3728	349	13	,	,	PUNCT
fsr-3728	349	14	for	for	ADP
fsr-3728	349	15	five	five	NUM
fsr-3728	349	16	and	and	CCONJ
fsr-3728	349	17	10	10	NUM
fsr-3728	349	18	year	year	NOUN
fsr-3728	349	19	historical	historical	ADJ
fsr-3728	349	20	periods	period	NOUN
fsr-3728	349	21	.	.	PUNCT
fsr-3728	350	1	notes	note	NOUN
fsr-3728	350	2	1	1	NUM
fsr-3728	350	3	.	.	NUM
fsr-3728	350	4	reported	report	VERB
fsr-3728	350	5	portfolio	portfolio	NOUN
fsr-3728	350	6	turnover	turnover	NOUN
fsr-3728	350	7	is	be	AUX
fsr-3728	350	8	defined	define	VERB
fsr-3728	350	9	as	as	ADP
fsr-3728	350	10	the	the	DET
fsr-3728	350	11	lower	low	ADJ
fsr-3728	350	12	of	of	ADP
fsr-3728	350	13	purchases	purchase	NOUN
fsr-3728	350	14	or	or	CCONJ
fsr-3728	350	15	sales	sale	NOUN
fsr-3728	350	16	divided	divide	VERB
fsr-3728	350	17	by	by	ADP
fsr-3728	350	18	average	average	ADJ
fsr-3728	350	19	net	net	ADJ
fsr-3728	350	20	assets	asset	NOUN
fsr-3728	350	21	.	.	PUNCT
fsr-3728	351	1	2	2	X
fsr-3728	351	2	.	.	X
fsr-3728	351	3	morningstar	morningstar	PROPN
fsr-3728	351	4	is	be	AUX
fsr-3728	351	5	an	an	DET
fsr-3728	351	6	independent	independent	ADJ
fsr-3728	351	7	mutual	mutual	ADJ
fsr-3728	351	8	fund	fund	NOUN
fsr-3728	351	9	rating	rating	NOUN
fsr-3728	351	10	service	service	NOUN
fsr-3728	351	11	.	.	PUNCT
fsr-3728	352	1	they	they	PRON
fsr-3728	352	2	cover	cover	VERB
fsr-3728	352	3	over	over	ADP
fsr-3728	352	4	3000	3000	NUM
fsr-3728	352	5	mutual	mutual	ADJ
fsr-3728	352	6	funds	fund	NOUN
fsr-3728	352	7	and	and	CCONJ
fsr-3728	352	8	provide	provide	VERB
fsr-3728	352	9	both	both	PRON
fsr-3728	352	10	print	print	NOUN
fsr-3728	352	11	and	and	CCONJ
fsr-3728	352	12	electronic	electronic	ADJ
fsr-3728	352	13	subscription	subscription	NOUN
fsr-3728	352	14	service	service	NOUN
fsr-3728	352	15	to	to	ADP
fsr-3728	352	16	investors	investor	NOUN
fsr-3728	352	17	.	.	PUNCT
fsr-3728	353	1	3	3	X
fsr-3728	353	2	.	.	X
fsr-3728	353	3	in	in	ADP
fsr-3728	353	4	1994	1994	NUM
fsr-3728	353	5	,	,	PUNCT
fsr-3728	353	6	married	married	ADJ
fsr-3728	353	7	-	-	PUNCT
fsr-3728	353	8	filing	filing	NOUN
fsr-3728	353	9	-	-	PUNCT
fsr-3728	353	10	jointly	jointly	ADV
fsr-3728	353	11	taxpayers	taxpayer	NOUN
fsr-3728	353	12	with	with	ADP
fsr-3728	353	13	income	income	NOUN
fsr-3728	353	14	between	between	ADP
fsr-3728	353	15	$	$	SYM
fsr-3728	353	16	36,000	36,000	NUM
fsr-3728	353	17	and	and	CCONJ
fsr-3728	353	18	$	$	SYM
fsr-3728	353	19	89,150	89,150	NUM
fsr-3728	353	20	have	have	VERB
fsr-3728	353	21	a	a	DET
fsr-3728	353	22	marginal	marginal	ADJ
fsr-3728	353	23	tax	tax	NOUN
fsr-3728	353	24	rate	rate	NOUN
fsr-3728	353	25	on	on	ADP
fsr-3728	353	26	income	income	NOUN
fsr-3728	353	27	of	of	ADP
fsr-3728	353	28	28	28	NUM
fsr-3728	353	29	percent	percent	NOUN
fsr-3728	353	30	and	and	CCONJ
fsr-3728	353	31	a	a	DET
fsr-3728	353	32	tax	tax	NOUN
fsr-3728	353	33	rate	rate	NOUN
fsr-3728	353	34	on	on	ADP
fsr-3728	353	35	long	long	ADJ
fsr-3728	353	36	term	term	NOUN
fsr-3728	353	37	capital	capital	NOUN
fsr-3728	353	38	gains	gain	NOUN
fsr-3728	353	39	of	of	ADP
fsr-3728	353	40	28	28	NUM
fsr-3728	353	41	percent	percent	NOUN
fsr-3728	353	42	.	.	PUNCT
fsr-3728	354	1	investors	investor	NOUN
fsr-3728	354	2	in	in	ADP
fsr-3728	354	3	the	the	DET
fsr-3728	354	4	highest	high	ADJ
fsr-3728	354	5	tax	tax	NOUN
fsr-3728	354	6	brackets	bracket	NOUN
fsr-3728	354	7	face	face	VERB
fsr-3728	354	8	a	a	DET
fsr-3728	354	9	marginal	marginal	ADJ
fsr-3728	354	10	tax	tax	NOUN
fsr-3728	354	11	rate	rate	NOUN
fsr-3728	354	12	of	of	ADP
fsr-3728	354	13	39.6	39.6	NUM
fsr-3728	354	14	percent	percent	NOUN
fsr-3728	354	15	on	on	ADP
fsr-3728	354	16	income	income	NOUN
fsr-3728	354	17	,	,	PUNCT
fsr-3728	354	18	but	but	CCONJ
fsr-3728	354	19	the	the	DET
fsr-3728	354	20	rate	rate	NOUN
fsr-3728	354	21	on	on	ADP
fsr-3728	354	22	capital	capital	NOUN
fsr-3728	354	23	gains	gain	NOUN
fsr-3728	354	24	remains	remain	VERB
fsr-3728	354	25	at	at	ADP
fsr-3728	354	26	28	28	NUM
fsr-3728	354	27	percent	percent	NOUN
fsr-3728	354	28	.	.	PUNCT
fsr-3728	355	1	since	since	SCONJ
fsr-3728	355	2	most	most	ADJ
fsr-3728	355	3	states	state	NOUN
fsr-3728	355	4	also	also	ADV
fsr-3728	355	5	have	have	VERB
fsr-3728	355	6	income	income	NOUN
fsr-3728	355	7	taxes	taxis	NOUN
fsr-3728	355	8	,	,	PUNCT
fsr-3728	355	9	the	the	DET
fsr-3728	355	10	rate	rate	NOUN
fsr-3728	355	11	of	of	ADP
fsr-3728	355	12	35	35	NUM
fsr-3728	355	13	percent	percent	NOUN
fsr-3728	355	14	used	use	VERB
fsr-3728	355	15	in	in	ADP
fsr-3728	355	16	the	the	DET
fsr-3728	355	17	following	follow	VERB
fsr-3728	355	18	examples	example	NOUN
fsr-3728	355	19	typifies	typify	VERB
fsr-3728	355	20	an	an	DET
fsr-3728	355	21	investor	investor	NOUN
fsr-3728	355	22	with	with	ADP
fsr-3728	355	23	a	a	DET
fsr-3728	355	24	marginal	marginal	ADJ
fsr-3728	355	25	federal	federal	ADJ
fsr-3728	355	26	tax	tax	NOUN
fsr-3728	355	27	rate	rate	NOUN
fsr-3728	355	28	of	of	ADP
fsr-3728	355	29	28	28	NUM
fsr-3728	355	30	percent	percent	NOUN
fsr-3728	355	31	living	live	VERB
fsr-3728	355	32	in	in	ADP
fsr-3728	355	33	a	a	DET
fsr-3728	355	34	state	state	NOUN
fsr-3728	355	35	with	with	ADP
fsr-3728	355	36	moderate	moderate	ADJ
fsr-3728	355	37	to	to	ADP
fsr-3728	355	38	high	high	ADJ
fsr-3728	355	39	state	state	NOUN
fsr-3728	355	40	income	income	NOUN
fsr-3728	355	41	tax	tax	NOUN
fsr-3728	355	42	rates	rate	NOUN
fsr-3728	355	43	.	.	PUNCT
fsr-3728	356	1	4	4	X
fsr-3728	356	2	.	.	X
fsr-3728	356	3	since	since	SCONJ
fsr-3728	356	4	only	only	ADJ
fsr-3728	356	5	funds	fund	NOUN
fsr-3728	356	6	with	with	ADP
fsr-3728	356	7	a	a	DET
fsr-3728	356	8	size	size	NOUN
fsr-3728	356	9	larger	large	ADJ
fsr-3728	356	10	than	than	SCONJ
fsr-3728	356	11	$	$	SYM
fsr-3728	356	12	100	100	NUM
fsr-3728	356	13	million	million	NUM
fsr-3728	356	14	were	be	AUX
fsr-3728	356	15	used	use	VERB
fsr-3728	356	16	,	,	PUNCT
fsr-3728	356	17	there	there	PRON
fsr-3728	356	18	is	be	VERB
fsr-3728	356	19	a	a	DET
fsr-3728	356	20	survivorship	survivorship	NOUN
fsr-3728	356	21	bias	bias	NOUN
fsr-3728	356	22	in	in	ADP
fsr-3728	356	23	these	these	DET
fsr-3728	356	24	results	result	NOUN
fsr-3728	356	25	.	.	PUNCT
fsr-3728	357	1	for	for	ADP
fsr-3728	357	2	example	example	NOUN
fsr-3728	357	3	,	,	PUNCT
fsr-3728	357	4	the	the	DET
fsr-3728	357	5	aa11	aa11	PROPN
fsr-3728	357	6	average	average	ADJ
fsr-3728	357	7	growth	growth	NOUN
fsr-3728	357	8	fund	fund	NOUN
fsr-3728	357	9	realized	realize	VERB
fsr-3728	357	10	a	a	DET
fsr-3728	357	11	14.8	14.8	NUM
fsr-3728	357	12	percent	percent	NOUN
fsr-3728	357	13	return	return	NOUN
fsr-3728	357	14	over	over	ADP
fsr-3728	357	15	the	the	DET
fsr-3728	357	16	five	five	NUM
fsr-3728	357	17	year	year	NOUN
fsr-3728	357	18	period	period	NOUN
fsr-3728	357	19	compared	compare	VERB
fsr-3728	357	20	to	to	ADP
fsr-3728	357	21	this	this	DET
fsr-3728	357	22	study	study	NOUN
fsr-3728	357	23	’s	’s	PART
fsr-3728	357	24	growth	growth	NOUN
fsr-3728	357	25	fund	fund	NOUN
fsr-3728	357	26	sample	sample	NOUN
fsr-3728	357	27	average	average	NOUN
fsr-3728	357	28	of	of	ADP
fsr-3728	357	29	15.8	15.8	NUM
fsr-3728	357	30	percent	percent	NOUN
fsr-3728	357	31	.	.	PUNCT
fsr-3728	358	1	this	this	DET
fsr-3728	358	2	paper	paper	NOUN
fsr-3728	358	3	’s	’s	PART
fsr-3728	358	4	historical	historical	ADJ
fsr-3728	358	5	analysis	analysis	NOUN
fsr-3728	358	6	is	be	AUX
fsr-3728	358	7	not	not	PART
fsr-3728	358	8	meant	mean	VERB
fsr-3728	358	9	as	as	ADP
fsr-3728	358	10	a	a	DET
fsr-3728	358	11	general	general	ADJ
fsr-3728	358	12	examination	examination	NOUN
fsr-3728	358	13	of	of	ADP
fsr-3728	358	14	mutual	mutual	ADJ
fsr-3728	358	15	fund	fund	NOUN
fsr-3728	358	16	performance	performance	NOUN
fsr-3728	358	17	.	.	PUNCT
fsr-3728	359	1	its	its	PRON
fsr-3728	359	2	purpose	purpose	NOUN
fsr-3728	359	3	is	be	AUX
fsr-3728	359	4	to	to	PART
fsr-3728	359	5	analyze	analyze	VERB
fsr-3728	359	6	reported	report	VERB
fsr-3728	359	7	turnover	turnover	NOUN
fsr-3728	359	8	and	and	CCONJ
fsr-3728	359	9	after	after	ADP
fsr-3728	359	10	-	-	PUNCT
fsr-3728	359	11	tax	tax	NOUN
fsr-3728	359	12	results	result	NOUN
fsr-3728	359	13	.	.	PUNCT
fsr-3728	360	1	for	for	ADP
fsr-3728	360	2	a	a	DET
fsr-3728	360	3	recent	recent	ADJ
fsr-3728	360	4	review	review	NOUN
fsr-3728	360	5	of	of	ADP
fsr-3728	360	6	studies	study	NOUN
fsr-3728	360	7	on	on	ADP
fsr-3728	360	8	mutual	mutual	ADJ
fsr-3728	360	9	fund	fund	NOUN
fsr-3728	360	10	performance	performance	NOUN
fsr-3728	360	11	and	and	CCONJ
fsr-3728	360	12	market	market	NOUN
fsr-3728	360	13	efficiency	efficiency	NOUN
fsr-3728	360	14	see	see	VERB
fsr-3728	360	15	ippolito	ippolito	PROPN
fsr-3728	360	16	(	(	PUNCT
fsr-3728	360	17	1993	1993	NUM
fsr-3728	360	18	)	)	PUNCT
fsr-3728	360	19	.	.	PUNCT
fsr-3728	361	1	5	5	X
fsr-3728	361	2	.	.	X
fsr-3728	361	3	effective	effective	ADJ
fsr-3728	361	4	portfolio	portfolio	NOUN
fsr-3728	361	5	turnover	turnover	NOUN
fsr-3728	361	6	estimates	estimate	NOUN
fsr-3728	361	7	for	for	ADP
fsr-3728	361	8	the	the	DET
fsr-3728	361	9	various	various	ADJ
fsr-3728	361	10	categories	category	NOUN
fsr-3728	361	11	of	of	ADP
fsr-3728	361	12	funds	fund	NOUN
fsr-3728	361	13	were	be	AUX
fsr-3728	361	14	derived	derive	VERB
fsr-3728	361	15	by	by	ADP
fsr-3728	361	16	modeling	model	VERB
fsr-3728	361	17	the	the	DET
fsr-3728	361	18	mutual	mutual	ADJ
fsr-3728	361	19	fund	fund	NOUN
fsr-3728	361	20	category	category	NOUN
fsr-3728	361	21	attributes	attribute	VERB
fsr-3728	361	22	.	.	PUNCT
fsr-3728	362	1	the	the	DET
fsr-3728	362	2	inputs	input	NOUN
fsr-3728	362	3	to	to	ADP
fsr-3728	362	4	the	the	DET
fsr-3728	362	5	model	model	NOUN
fsr-3728	362	6	were	be	AUX
fsr-3728	362	7	average	average	ADJ
fsr-3728	362	8	total	total	ADJ
fsr-3728	362	9	return	return	NOUN
fsr-3728	362	10	,	,	PUNCT
fsr-3728	362	11	unrealized	unrealized	ADJ
fsr-3728	362	12	capital	capital	NOUN
fsr-3728	362	13	gains	gain	NOUN
fsr-3728	362	14	,	,	PUNCT
fsr-3728	362	15	and	and	CCONJ
fsr-3728	362	16	yield	yield	NOUN
fsr-3728	362	17	.	.	PUNCT
fsr-3728	363	1	6	6	X
fsr-3728	363	2	.	.	PUNCT
fsr-3728	363	3	the	the	DET
fsr-3728	363	4	average	average	ADJ
fsr-3728	363	5	effective	effective	ADJ
fsr-3728	363	6	annual	annual	ADJ
fsr-3728	363	7	turnover	turnover	NOUN
fsr-3728	363	8	reported	report	VERB
fsr-3728	363	9	in	in	ADP
fsr-3728	363	10	table	table	NOUN
fsr-3728	363	11	4	4	NUM
fsr-3728	363	12	(	(	PUNCT
fsr-3728	363	13	22.71	22.71	NUM
fsr-3728	363	14	%	%	NOUN
fsr-3728	363	15	)	)	PUNCT
fsr-3728	363	16	,	,	PUNCT
fsr-3728	363	17	is	be	AUX
fsr-3728	363	18	greater	great	ADJ
fsr-3728	363	19	than	than	ADP
fsr-3728	363	20	the	the	DET
fsr-3728	363	21	derived	derive	VERB
fsr-3728	363	22	figure	figure	NOUN
fsr-3728	363	23	reported	report	VERB
fsr-3728	363	24	in	in	ADP
fsr-3728	363	25	table	table	NOUN
fsr-3728	363	26	3	3	NUM
fsr-3728	363	27	(	(	PUNCT
fsr-3728	363	28	17.2	17.2	NUM
fsr-3728	363	29	%	%	NOUN
fsr-3728	363	30	)	)	PUNCT
fsr-3728	363	31	.	.	PUNCT
fsr-3728	364	1	the	the	DET
fsr-3728	364	2	database	database	NOUN
fsr-3728	364	3	used	use	VERB
fsr-3728	364	4	for	for	ADP
fsr-3728	364	5	this	this	DET
fsr-3728	364	6	study	study	NOUN
fsr-3728	364	7	was	be	AUX
fsr-3728	364	8	limited	limit	VERB
fsr-3728	364	9	to	to	ADP
fsr-3728	364	10	five	five	NUM
fsr-3728	364	11	years	year	NOUN
fsr-3728	364	12	.	.	PUNCT
fsr-3728	365	1	computing	compute	VERB
fsr-3728	365	2	annual	annual	ADJ
fsr-3728	365	3	effective	effective	ADJ
fsr-3728	365	4	turnover	turnover	NOUN
fsr-3728	365	5	for	for	ADP
fsr-3728	365	6	a	a	DET
fsr-3728	365	7	fund	fund	NOUN
fsr-3728	365	8	over	over	ADP
fsr-3728	365	9	part	part	NOUN
fsr-3728	365	10	of	of	ADP
fsr-3728	365	11	its	its	PRON
fsr-3728	365	12	existence	existence	NOUN
fsr-3728	365	13	will	will	AUX
fsr-3728	365	14	result	result	VERB
fsr-3728	365	15	in	in	ADP
fsr-3728	365	16	over	over	ADP
fsr-3728	365	17	estimating	estimate	VERB
fsr-3728	365	18	the	the	DET
fsr-3728	365	19	effective	effective	ADJ
fsr-3728	365	20	turnover	turnover	NOUN
fsr-3728	365	21	due	due	ADJ
fsr-3728	365	22	to	to	ADP
fsr-3728	365	23	unrealized	unrealized	ADJ
fsr-3728	365	24	capital	capital	NOUN
fsr-3728	365	25	gains	gain	NOUN
fsr-3728	365	26	imbedded	imbed	VERB
fsr-3728	365	27	in	in	ADP
fsr-3728	365	28	the	the	DET
fsr-3728	365	29	nav	nav	NOUN
fsr-3728	365	30	at	at	ADP
fsr-3728	365	31	the	the	DET
fsr-3728	365	32	beginning	beginning	NOUN
fsr-3728	365	33	of	of	ADP
fsr-3728	365	34	the	the	DET
fsr-3728	365	35	study	study	NOUN
fsr-3728	365	36	period	period	NOUN
fsr-3728	365	37	.	.	PUNCT
fsr-3728	366	1	after	after	ADP
fsr-3728	366	2	-	-	PUNCT
fsr-3728	366	3	tax	tax	NOUN
fsr-3728	366	4	mutual	mutual	ADJ
fsr-3728	366	5	fund	fund	NOUN
fsr-3728	366	6	returns	return	VERB
fsr-3728	366	7	141	141	NUM
fsr-3728	366	8	references	reference	NOUN
fsr-3728	366	9	american	american	PROPN
fsr-3728	366	10	association	association	PROPN
fsr-3728	366	11	of	of	ADP
fsr-3728	366	12	individual	individual	ADJ
fsr-3728	366	13	investors	investor	NOUN
fsr-3728	366	14	.	.	PUNCT
fsr-3728	367	1	(	(	PUNCT
fsr-3728	367	2	1993	1993	NUM
fsr-3728	367	3	)	)	PUNCT
fsr-3728	367	4	.	.	PUNCT
fsr-3728	368	1	the	the	DET
fsr-3728	368	2	individual	individual	ADJ
fsr-3728	368	3	investor	investor	NOUN
fsr-3728	368	4	’s	’s	PART
fsr-3728	368	5	guide	guide	NOUN
fsr-3728	368	6	to	to	ADP
fsr-3728	368	7	no	no	DET
fsr-3728	368	8	-	-	PUNCT
fsr-3728	368	9	load	load	NOUN
fsr-3728	368	10	mutualfinds	mutualfind	NOUN
fsr-3728	368	11	.	.	PUNCT
fsr-3728	369	1	(	(	PUNCT
fsr-3728	369	2	12th	12th	NOUN
fsr-3728	369	3	ed	ed	NOUN
fsr-3728	369	4	.	.	PUNCT
fsr-3728	369	5	)	)	PUNCT
fsr-3728	369	6	.	.	PUNCT
fsr-3728	370	1	chicago	chicago	PROPN
fsr-3728	370	2	,	,	PUNCT
fsr-3728	370	3	il	il	PROPN
fsr-3728	370	4	:	:	PUNCT
fsr-3728	370	5	author	author	NOUN
fsr-3728	370	6	.	.	PUNCT
fsr-3728	371	1	ippolito	ippolito	PROPN
fsr-3728	371	2	,	,	PUNCT
fsr-3728	371	3	r.a	r.a	PROPN
fsr-3728	371	4	.	.	PROPN
fsr-3728	371	5	(	(	PUNCT
fsr-3728	371	6	1993	1993	NUM
fsr-3728	371	7	)	)	PUNCT
fsr-3728	371	8	.	.	PUNCT
fsr-3728	372	1	on	on	ADP
fsr-3728	372	2	studies	study	NOUN
fsr-3728	372	3	of	of	ADP
fsr-3728	372	4	mutual	mutual	ADJ
fsr-3728	372	5	fund	fund	NOUN
fsr-3728	372	6	performance	performance	NOUN
fsr-3728	372	7	,	,	PUNCT
fsr-3728	372	8	1962	1962	NUM
fsr-3728	372	9	-	-	SYM
fsr-3728	372	10	1991	1991	NUM
fsr-3728	372	11	.	.	PUNCT
fsr-3728	373	1	financial	financial	ADJ
fsr-3728	373	2	analysts	analyst	NOUN
fsr-3728	373	3	journal	journal	PROPN
fsr-3728	373	4	(	(	PUNCT
fsr-3728	373	5	jan./feb	jan./feb	PROPN
fsr-3728	373	6	.	.	PROPN
fsr-3728	373	7	)	)	PUNCT
fsr-3728	373	8	,	,	PUNCT
fsr-3728	373	9	42	42	NUM
fsr-3728	373	10	-	-	SYM
fsr-3728	373	11	50	50	NUM
fsr-3728	373	12	.	.	PUNCT
fsr-3728	374	1	jeffrey	jeffrey	PROPN
fsr-3728	374	2	,	,	PUNCT
fsr-3728	374	3	r.h	r.h	PROPN
fsr-3728	374	4	.	.	PROPN
fsr-3728	374	5	,	,	PUNCT
fsr-3728	374	6	&	&	CCONJ
fsr-3728	374	7	arnott	arnott	PROPN
fsr-3728	374	8	,	,	PUNCT
fsr-3728	374	9	r.d	r.d	PROPN
fsr-3728	374	10	.	.	PROPN
fsr-3728	374	11	(	(	PUNCT
fsr-3728	374	12	1993	1993	NUM
fsr-3728	374	13	)	)	PUNCT
fsr-3728	374	14	.	.	PUNCT
fsr-3728	374	15	is	be	AUX
fsr-3728	374	16	your	your	PRON
fsr-3728	374	17	alpha	alpha	NOUN
fsr-3728	374	18	big	big	ADJ
fsr-3728	374	19	enough	enough	ADV
fsr-3728	374	20	to	to	PART
fsr-3728	374	21	cover	cover	VERB
fsr-3728	374	22	its	its	PRON
fsr-3728	374	23	taxes	taxis	NOUN
fsr-3728	374	24	?	?	PUNCT
fsr-3728	374	25	.	.	PUNCT
fsr-3728	375	1	the	the	DET
fsr-3728	375	2	journal	journal	PROPN
fsr-3728	375	3	of	of	ADP
fsr-3728	375	4	portfolio	portfolio	NOUN
fsr-3728	375	5	management	management	NOUN
fsr-3728	375	6	(	(	PUNCT
fsr-3728	375	7	spring	spring	PROPN
fsr-3728	375	8	)	)	PUNCT
fsr-3728	375	9	,	,	PUNCT
fsr-3728	375	10	15	15	NUM
fsr-3728	375	11	-	-	SYM
fsr-3728	375	12	25	25	NUM
fsr-3728	375	13	.	.	PUNCT