id	sid	tid	token	lemma	pos
fsr-3851	1	1	pii	pii	PROPN
fsr-3851	1	2	:	:	PUNCT
fsr-3851	1	3	s1057	s1057	NOUN
fsr-3851	1	4	-	-	PUNCT
fsr-3851	1	5	0810(99)80004	0810(99)80004	NOUN
fsr-3851	1	6	-	-	PUNCT
fsr-3851	1	7	3	3	NUM
fsr-3851	1	8	financial	financial	ADJ
fsr-3851	1	9	services	service	NOUN
fsr-3851	1	10	review	review	NOUN
fsr-3851	1	11	.	.	PUNCT
fsr-3851	2	1	7(2	7(2	NUM
fsr-3851	2	2	):	):	PUNCT
fsr-3851	2	3	83	83	NUM
fsr-3851	2	4	-	-	SYM
fsr-3851	2	5	93	93	NUM
fsr-3851	2	6	copyright	copyright	NOUN
fsr-3851	2	7	©	©	PROPN
fsr-3851	2	8	1998	1998	NUM
fsr-3851	2	9	by	by	ADP
fsr-3851	2	10	jai	jai	PROPN
fsr-3851	2	11	press	press	PROPN
fsr-3851	2	12	inc	inc	PROPN
fsr-3851	2	13	.	.	PROPN
fsr-3851	2	14	issn	issn	PROPN
fsr-3851	2	15	:	:	PUNCT
fsr-3851	2	16	1057	1057	NUM
fsr-3851	2	17	-	-	SYM
fsr-3851	2	18	0810	0810	NUM
fsr-3851	2	19	all	all	DET
fsr-3851	2	20	rights	right	NOUN
fsr-3851	2	21	of	of	ADP
fsr-3851	2	22	reproduction	reproduction	NOUN
fsr-3851	2	23	in	in	ADP
fsr-3851	2	24	any	any	DET
fsr-3851	2	25	form	form	NOUN
fsr-3851	2	26	reserved	reserve	VERB
fsr-3851	2	27	.	.	PUNCT
fsr-3851	3	1	closed	close	VERB
fsr-3851	3	2	-	-	PUNCT
fsr-3851	3	3	end	end	NOUN
fsr-3851	3	4	investment	investment	NOUN
fsr-3851	3	5	companies	company	NOUN
fsr-3851	3	6	:	:	PUNCT
fsr-3851	3	7	historic	historic	ADJ
fsr-3851	3	8	returns	return	NOUN
fsr-3851	3	9	and	and	CCONJ
fsr-3851	3	10	investment	investment	NOUN
fsr-3851	3	11	strategies	strategy	NOUN
fsr-3851	3	12	carolyn	carolyn	PROPN
fsr-3851	3	13	reichert	reichert	PROPN
fsr-3851	3	14	and	and	CCONJ
fsr-3851	3	15	j.	j.	PROPN
fsr-3851	3	16	douglas	douglas	PROPN
fsr-3851	3	17	t	t	PROPN
fsr-3851	4	1	i	i	PRON
fsr-3851	4	2	m	m	VERB
fsr-3851	4	3	m	m	VERB
fsr-3851	4	4	o	o	NOUN
fsr-3851	4	5	n	n	NOUN
fsr-3851	4	6	s	s	NOUN
fsr-3851	4	7	studies	study	NOUN
fsr-3851	4	8	conducted	conduct	VERB
fsr-3851	4	9	in	in	ADP
fsr-3851	4	10	the	the	DET
fsr-3851	4	11	past	past	NOUN
fsr-3851	4	12	have	have	AUX
fsr-3851	4	13	identified	identify	VERB
fsr-3851	4	14	inefficiencies	inefficiency	NOUN
fsr-3851	4	15	in	in	ADP
fsr-3851	4	16	the	the	DET
fsr-3851	4	17	market	market	NOUN
fsr-3851	4	18	for	for	ADP
fsr-3851	4	19	closed	closed	ADJ
fsr-3851	4	20	end	end	NOUN
fsr-3851	4	21	investment	investment	NOUN
fsr-3851	4	22	company	company	NOUN
fsr-3851	4	23	(	(	PUNCT
fsr-3851	4	24	ceic	ceic	NOUN
fsr-3851	4	25	)	)	PUNCT
fsr-3851	4	26	shares	share	NOUN
fsr-3851	4	27	.	.	PUNCT
fsr-3851	5	1	in	in	ADP
fsr-3851	5	2	addition	addition	NOUN
fsr-3851	5	3	,	,	PUNCT
fsr-3851	5	4	studies	study	NOUN
fsr-3851	5	5	have	have	AUX
fsr-3851	5	6	demonstrated	demonstrate	VERB
fsr-3851	5	7	the	the	DET
fsr-3851	5	8	potential	potential	NOUN
fsr-3851	5	9	for	for	ADP
fsr-3851	5	10	trading	trading	NOUN
fsr-3851	5	11	strategies	strategy	NOUN
fsr-3851	5	12	to	to	PART
fsr-3851	5	13	exploit	exploit	VERB
fsr-3851	5	14	these	these	DET
fsr-3851	5	15	inefficiencies	inefficiency	NOUN
fsr-3851	5	16	.	.	PUNCT
fsr-3851	6	1	the	the	DET
fsr-3851	6	2	purpose	purpose	NOUN
fsr-3851	6	3	of	of	ADP
fsr-3851	6	4	this	this	DET
fsr-3851	6	5	paper	paper	NOUN
fsr-3851	6	6	is	be	AUX
fsr-3851	6	7	to	to	PART
fsr-3851	6	8	investigate	investigate	VERB
fsr-3851	6	9	the	the	DET
fsr-3851	6	10	possibility	possibility	NOUN
fsr-3851	6	11	of	of	ADP
fsr-3851	6	12	achieving	achieve	VERB
fsr-3851	6	13	excess	excess	ADJ
fsr-3851	6	14	returns	return	NOUN
fsr-3851	6	15	through	through	ADP
fsr-3851	6	16	the	the	DET
fsr-3851	6	17	utilization	utilization	NOUN
fsr-3851	6	18	of	of	ADP
fsr-3851	6	19	rel	rel	NOUN
fsr-3851	6	20	atively	atively	ADV
fsr-3851	6	21	simple	simple	ADJ
fsr-3851	6	22	strategies	strategy	NOUN
fsr-3851	6	23	not	not	PART
fsr-3851	6	24	requiring	require	VERB
fsr-3851	6	25	continuous	continuous	ADJ
fsr-3851	6	26	monitoring	monitoring	NOUN
fsr-3851	6	27	of	of	ADP
fsr-3851	6	28	discount(s	discount(s	PROPN
fsr-3851	6	29	)	)	PUNCT
fsr-3851	6	30	or	or	CCONJ
fsr-3851	6	31	frequent	frequent	ADJ
fsr-3851	6	32	trading	trading	NOUN
fsr-3851	6	33	.	.	PUNCT
fsr-3851	7	1	our	our	PRON
fsr-3851	7	2	investigation	investigation	NOUN
fsr-3851	7	3	demonstrates	demonstrate	VERB
fsr-3851	7	4	that	that	SCONJ
fsr-3851	7	5	realizing	realize	VERB
fsr-3851	7	6	excess	excess	ADJ
fsr-3851	7	7	returns	return	NOUN
fsr-3851	7	8	through	through	ADP
fsr-3851	7	9	the	the	DET
fsr-3851	7	10	use	use	NOUN
fsr-3851	7	11	of	of	ADP
fsr-3851	7	12	simple	simple	ADJ
fsr-3851	7	13	mechanical	mechanical	ADJ
fsr-3851	7	14	trading	trading	NOUN
fsr-3851	7	15	strategies	strategy	NOUN
fsr-3851	7	16	will	will	AUX
fsr-3851	7	17	not	not	PART
fsr-3851	7	18	be	be	AUX
fsr-3851	7	19	possible	possible	ADJ
fsr-3851	7	20	.	.	PUNCT
fsr-3851	8	1	i.	i.	NOUN
fsr-3851	8	2	i	i	PRON
fsr-3851	8	3	n	n	VERB
fsr-3851	8	4	t	t	NOUN
fsr-3851	8	5	r	r	NOUN
fsr-3851	8	6	o	o	X
fsr-3851	9	1	d	d	X
fsr-3851	9	2	u	u	X
fsr-3851	9	3	c	c	NOUN
fsr-3851	9	4	t	t	NOUN
fsr-3851	10	1	i	i	PRON
fsr-3851	10	2	o	o	VERB
fsr-3851	10	3	n	n	CCONJ
fsr-3851	10	4	the	the	DET
fsr-3851	10	5	purpose	purpose	NOUN
fsr-3851	10	6	of	of	ADP
fsr-3851	10	7	this	this	DET
fsr-3851	10	8	study	study	NOUN
fsr-3851	10	9	is	be	AUX
fsr-3851	10	10	to	to	PART
fsr-3851	10	11	test	test	VERB
fsr-3851	10	12	for	for	ADP
fsr-3851	10	13	closed	close	VERB
fsr-3851	10	14	-	-	PUNCT
fsr-3851	10	15	end	end	NOUN
fsr-3851	10	16	investment	investment	NOUN
fsr-3851	10	17	company	company	NOUN
fsr-3851	10	18	(	(	PUNCT
fsr-3851	10	19	ceic	ceic	VERB
fsr-3851	10	20	)	)	PUNCT
fsr-3851	10	21	market	market	NOUN
fsr-3851	10	22	inefficiency	inefficiency	NOUN
fsr-3851	10	23	,	,	PUNCT
fsr-3851	10	24	and	and	CCONJ
fsr-3851	10	25	therefore	therefore	ADV
fsr-3851	10	26	the	the	DET
fsr-3851	10	27	possibility	possibility	NOUN
fsr-3851	10	28	of	of	ADP
fsr-3851	10	29	excess	excess	ADJ
fsr-3851	10	30	profits	profit	NOUN
fsr-3851	10	31	.	.	PUNCT
fsr-3851	11	1	prior	prior	ADJ
fsr-3851	11	2	studies	study	NOUN
fsr-3851	11	3	have	have	AUX
fsr-3851	11	4	developed	develop	VERB
fsr-3851	11	5	complex	complex	ADJ
fsr-3851	11	6	trading	trading	NOUN
fsr-3851	11	7	strategies	strategy	NOUN
fsr-3851	11	8	that	that	PRON
fsr-3851	11	9	outperformed	outperform	VERB
fsr-3851	11	10	the	the	DET
fsr-3851	11	11	market	market	NOUN
fsr-3851	11	12	.	.	PUNCT
fsr-3851	12	1	our	our	PRON
fsr-3851	12	2	concern	concern	NOUN
fsr-3851	12	3	is	be	AUX
fsr-3851	12	4	whether	whether	SCONJ
fsr-3851	12	5	small	small	ADJ
fsr-3851	12	6	investors	investor	NOUN
fsr-3851	12	7	can	can	AUX
fsr-3851	12	8	expect	expect	VERB
fsr-3851	12	9	to	to	PART
fsr-3851	12	10	exceed	exceed	VERB
fsr-3851	12	11	market	market	NOUN
fsr-3851	12	12	returns	return	NOUN
fsr-3851	12	13	using	use	VERB
fsr-3851	12	14	uncomplicated	uncomplicated	ADJ
fsr-3851	12	15	techniques	technique	NOUN
fsr-3851	12	16	to	to	PART
fsr-3851	12	17	select	select	VERB
fsr-3851	12	18	funds	fund	NOUN
fsr-3851	12	19	.	.	PUNCT
fsr-3851	13	1	the	the	DET
fsr-3851	13	2	plan	plan	NOUN
fsr-3851	13	3	to	to	PART
fsr-3851	13	4	be	be	AUX
fsr-3851	13	5	tested	test	VERB
fsr-3851	13	6	is	be	AUX
fsr-3851	13	7	much	much	ADV
fsr-3851	13	8	like	like	ADP
fsr-3851	13	9	the	the	DET
fsr-3851	13	10	"	"	PUNCT
fsr-3851	13	11	dow	dow	NOUN
fsr-3851	13	12	dogs	dog	NOUN
fsr-3851	13	13	"	"	PUNCT
fsr-3851	13	14	strategy	strategy	NOUN
fsr-3851	13	15	of	of	ADP
fsr-3851	13	16	buying	buy	VERB
fsr-3851	13	17	the	the	DET
fsr-3851	13	18	five	five	NUM
fsr-3851	13	19	dow	dow	PROPN
fsr-3851	13	20	jones	jones	PROPN
fsr-3851	13	21	industrial	industrial	PROPN
fsr-3851	13	22	stocks	stock	NOUN
fsr-3851	13	23	that	that	PRON
fsr-3851	13	24	have	have	VERB
fsr-3851	13	25	the	the	DET
fsr-3851	13	26	highest	high	ADJ
fsr-3851	13	27	yield	yield	NOUN
fsr-3851	13	28	.	.	PUNCT
fsr-3851	14	1	investors	investor	NOUN
fsr-3851	14	2	who	who	PRON
fsr-3851	14	3	bought	buy	VERB
fsr-3851	14	4	these	these	DET
fsr-3851	14	5	dow	dow	NOUN
fsr-3851	14	6	stocks	stock	NOUN
fsr-3851	14	7	at	at	ADP
fsr-3851	14	8	the	the	DET
fsr-3851	14	9	beginning	beginning	NOUN
fsr-3851	14	10	of	of	ADP
fsr-3851	14	11	each	each	DET
fsr-3851	14	12	year	year	NOUN
fsr-3851	14	13	,	,	PUNCT
fsr-3851	14	14	without	without	ADP
fsr-3851	14	15	consideration	consideration	NOUN
fsr-3851	14	16	of	of	ADP
fsr-3851	14	17	any	any	DET
fsr-3851	14	18	other	other	ADJ
fsr-3851	14	19	factors	factor	NOUN
fsr-3851	14	20	,	,	PUNCT
fsr-3851	14	21	have	have	AUX
fsr-3851	14	22	fared	fare	VERB
fsr-3851	14	23	well	well	INTJ
fsr-3851	14	24	(	(	PUNCT
fsr-3851	14	25	u.s	u.s	PROPN
fsr-3851	14	26	.	.	PROPN
fsr-3851	14	27	news	news	PROPN
fsr-3851	14	28	&	&	CCONJ
fsr-3851	14	29	world	world	PROPN
fsr-3851	14	30	report	report	PROPN
fsr-3851	14	31	,	,	PUNCT
fsr-3851	14	32	1996	1996	NUM
fsr-3851	14	33	)	)	PUNCT
fsr-3851	14	34	.	.	PUNCT
fsr-3851	15	1	should	should	AUX
fsr-3851	15	2	ceic	ceic	VERB
fsr-3851	15	3	investors	investor	NOUN
fsr-3851	15	4	who	who	PRON
fsr-3851	15	5	buy	buy	VERB
fsr-3851	15	6	discounted	discount	VERB
fsr-3851	15	7	funds	fund	NOUN
fsr-3851	15	8	at	at	ADP
fsr-3851	15	9	the	the	DET
fsr-3851	15	10	beginning	beginning	NOUN
fsr-3851	15	11	of	of	ADP
fsr-3851	15	12	the	the	DET
fsr-3851	15	13	year	year	NOUN
fsr-3851	15	14	,	,	PUNCT
fsr-3851	15	15	and	and	CCONJ
fsr-3851	15	16	rebalance	rebalance	VERB
fsr-3851	15	17	their	their	PRON
fsr-3851	15	18	investments	investment	NOUN
fsr-3851	15	19	after	after	SCONJ
fsr-3851	15	20	one	one	NUM
fsr-3851	15	21	-	-	PUNCT
fsr-3851	15	22	year	year	NOUN
fsr-3851	15	23	holding	hold	VERB
fsr-3851	15	24	periods	period	NOUN
fsr-3851	15	25	expect	expect	VERB
fsr-3851	15	26	to	to	PART
fsr-3851	15	27	profit	profit	VERB
fsr-3851	15	28	?	?	PUNCT
fsr-3851	16	1	this	this	DET
fsr-3851	16	2	study	study	NOUN
fsr-3851	16	3	evaluates	evaluate	VERB
fsr-3851	16	4	four	four	NUM
fsr-3851	16	5	simple	simple	ADJ
fsr-3851	16	6	ceic	ceic	VERB
fsr-3851	16	7	trading	trading	NOUN
fsr-3851	16	8	strategies	strategy	NOUN
fsr-3851	16	9	.	.	PUNCT
fsr-3851	17	1	using	use	VERB
fsr-3851	17	2	one	one	NUM
fsr-3851	17	3	year	year	NOUN
fsr-3851	17	4	holding	hold	VERB
fsr-3851	17	5	peri	peri	PROPN
fsr-3851	17	6	ods	ods	PROPN
fsr-3851	17	7	,	,	PUNCT
fsr-3851	17	8	the	the	DET
fsr-3851	17	9	plans	plan	NOUN
fsr-3851	17	10	select	select	VERB
fsr-3851	17	11	funds	fund	NOUN
fsr-3851	17	12	trading	trade	VERB
fsr-3851	17	13	at	at	ADP
fsr-3851	17	14	either	either	CCONJ
fsr-3851	17	15	maximum	maximum	ADJ
fsr-3851	17	16	discounts	discount	NOUN
fsr-3851	17	17	or	or	CCONJ
fsr-3851	17	18	higher	high	ADJ
fsr-3851	17	19	than	than	ADP
fsr-3851	17	20	average	average	ADJ
fsr-3851	17	21	dis	dis	PROPN
fsr-3851	17	22	counts	count	NOUN
fsr-3851	17	23	.	.	PUNCT
fsr-3851	18	1	the	the	DET
fsr-3851	18	2	appeal	appeal	NOUN
fsr-3851	18	3	of	of	ADP
fsr-3851	18	4	these	these	DET
fsr-3851	18	5	investment	investment	NOUN
fsr-3851	18	6	strategies	strategy	NOUN
fsr-3851	18	7	is	be	AUX
fsr-3851	18	8	their	their	PRON
fsr-3851	18	9	simplicity	simplicity	NOUN
fsr-3851	18	10	.	.	PUNCT
fsr-3851	19	1	they	they	PRON
fsr-3851	19	2	provide	provide	VERB
fsr-3851	19	3	a	a	DET
fsr-3851	19	4	longer	long	ADV
fsr-3851	19	5	holding	hold	VERB
fsr-3851	19	6	period	period	NOUN
fsr-3851	19	7	and	and	CCONJ
fsr-3851	19	8	fewer	few	ADJ
fsr-3851	19	9	transactions	transaction	NOUN
fsr-3851	19	10	than	than	ADP
fsr-3851	19	11	previous	previous	ADJ
fsr-3851	19	12	studies	study	NOUN
fsr-3851	19	13	.	.	PUNCT
fsr-3851	20	1	the	the	DET
fsr-3851	20	2	initial	initial	ADJ
fsr-3851	20	3	investment	investment	NOUN
fsr-3851	20	4	is	be	AUX
fsr-3851	20	5	smaller	small	ADJ
fsr-3851	20	6	,	,	PUNCT
fsr-3851	20	7	and	and	CCONJ
fsr-3851	20	8	short	short	ADJ
fsr-3851	20	9	selling	selling	NOUN
fsr-3851	20	10	is	be	AUX
fsr-3851	20	11	not	not	PART
fsr-3851	20	12	required	require	VERB
fsr-3851	20	13	.	.	PUNCT
fsr-3851	21	1	this	this	PRON
fsr-3851	21	2	makes	make	VERB
fsr-3851	21	3	the	the	DET
fsr-3851	21	4	strategies	strategy	NOUN
fsr-3851	21	5	particularly	particularly	ADV
fsr-3851	21	6	appealing	appeal	VERB
fsr-3851	21	7	to	to	ADP
fsr-3851	21	8	small	small	ADJ
fsr-3851	21	9	investors	investor	NOUN
fsr-3851	21	10	,	,	PUNCT
fsr-3851	21	11	who	who	PRON
fsr-3851	21	12	are	be	AUX
fsr-3851	21	13	active	active	ADJ
fsr-3851	21	14	in	in	ADP
fsr-3851	21	15	the	the	DET
fsr-3851	21	16	ceic	ceic	VERB
fsr-3851	21	17	market	market	NOUN
fsr-3851	21	18	.	.	PUNCT
fsr-3851	22	1	these	these	DET
fsr-3851	22	2	investors	investor	NOUN
fsr-3851	22	3	lack	lack	VERB
fsr-3851	22	4	the	the	DET
fsr-3851	22	5	time	time	NOUN
fsr-3851	22	6	and	and	CCONJ
fsr-3851	22	7	resources	resource	NOUN
fsr-3851	22	8	to	to	PART
fsr-3851	22	9	follow	follow	VERB
fsr-3851	22	10	the	the	DET
fsr-3851	22	11	more	more	ADV
fsr-3851	22	12	complex	complex	ADJ
fsr-3851	22	13	systems	system	NOUN
fsr-3851	22	14	developed	develop	VERB
fsr-3851	22	15	in	in	ADP
fsr-3851	22	16	earlier	early	ADJ
fsr-3851	22	17	studies	study	NOUN
fsr-3851	22	18	.	.	PUNCT
fsr-3851	23	1	in	in	ADP
fsr-3851	23	2	fact	fact	NOUN
fsr-3851	23	3	,	,	PUNCT
fsr-3851	23	4	any	any	DET
fsr-3851	23	5	investor	investor	NOUN
fsr-3851	23	6	could	could	AUX
fsr-3851	23	7	easily	easily	ADV
fsr-3851	23	8	duplicate	duplicate	VERB
fsr-3851	23	9	these	these	DET
fsr-3851	23	10	strategies	strategy	NOUN
fsr-3851	23	11	.	.	PUNCT
fsr-3851	24	1	carolyn	carolyn	PROPN
fsr-3851	24	2	reichert	reichert	PROPN
fsr-3851	24	3	°	°	PROPN
fsr-3851	25	1	southwest	southwest	PROPN
fsr-3851	25	2	texas	texas	PROPN
fsr-3851	25	3	state	state	PROPN
fsr-3851	25	4	university	university	PROPN
fsr-3851	25	5	.	.	PUNCT
fsr-3851	26	1	j.	j.	PROPN
fsr-3851	26	2	douglas	douglas	PROPN
fsr-3851	26	3	timmons	timmons	PROPN
fsr-3851	26	4	°	°	PROPN
fsr-3851	27	1	department	department	PROPN
fsr-3851	27	2	of	of	ADP
fsr-3851	27	3	economics	economic	NOUN
fsr-3851	27	4	and	and	CCONJ
fsr-3851	27	5	finance	finance	NOUN
fsr-3851	27	6	,	,	PUNCT
fsr-3851	27	7	p.o	p.o	PROPN
fsr-3851	27	8	.	.	PROPN
fsr-3851	27	9	box	box	PROPN
fsr-3851	27	10	27	27	NUM
fsr-3851	27	11	,	,	PUNCT
fsr-3851	27	12	middle	middle	PROPN
fsr-3851	27	13	tennessee	tennessee	PROPN
fsr-3851	27	14	state	state	PROPN
fsr-3851	27	15	university	university	PROPN
fsr-3851	27	16	,	,	PUNCT
fsr-3851	27	17	muffreesboro	muffreesboro	PROPN
fsr-3851	27	18	,	,	PUNCT
fsr-3851	27	19	tn	tn	PROPN
fsr-3851	27	20	37132	37132	NUM
fsr-3851	27	21	.	.	PUNCT
fsr-3851	28	1	84	84	NUM
fsr-3851	28	2	financial	financial	ADJ
fsr-3851	28	3	services	service	NOUN
fsr-3851	28	4	review	review	VERB
fsr-3851	28	5	7(2	7(2	NUM
fsr-3851	28	6	)	)	PUNCT
fsr-3851	28	7	1998	1998	NUM
fsr-3851	28	8	ii	ii	NOUN
fsr-3851	28	9	.	.	PUNCT
fsr-3851	29	1	l	l	NOUN
fsr-3851	30	1	i	i	PRON
fsr-3851	30	2	t	t	X
fsr-3851	31	1	e	e	X
fsr-3851	31	2	r	r	NOUN
fsr-3851	31	3	a	a	DET
fsr-3851	31	4	t	t	NOUN
fsr-3851	31	5	u	u	NOUN
fsr-3851	31	6	r	r	NOUN
fsr-3851	31	7	e	e	NOUN
fsr-3851	31	8	r	r	NOUN
fsr-3851	31	9	e	e	NOUN
fsr-3851	31	10	view	view	NOUN
fsr-3851	31	11	premiums	premium	NOUN
fsr-3851	31	12	and	and	CCONJ
fsr-3851	31	13	discounts	discount	NOUN
fsr-3851	31	14	on	on	ADP
fsr-3851	31	15	ceic	ceic	VERB
fsr-3851	31	16	shares	share	NOUN
fsr-3851	31	17	are	be	AUX
fsr-3851	31	18	determined	determine	VERB
fsr-3851	31	19	by	by	ADP
fsr-3851	31	20	comparing	compare	VERB
fsr-3851	31	21	the	the	DET
fsr-3851	31	22	market	market	NOUN
fsr-3851	31	23	price	price	NOUN
fsr-3851	31	24	of	of	ADP
fsr-3851	31	25	the	the	DET
fsr-3851	31	26	shares	share	NOUN
fsr-3851	31	27	to	to	ADP
fsr-3851	31	28	the	the	DET
fsr-3851	31	29	net	net	ADJ
fsr-3851	31	30	asset	asset	NOUN
fsr-3851	31	31	value	value	NOUN
fsr-3851	31	32	(	(	PUNCT
fsr-3851	31	33	nav	nav	NOUN
fsr-3851	31	34	)	)	PUNCT
fsr-3851	31	35	of	of	ADP
fsr-3851	31	36	the	the	DET
fsr-3851	31	37	fund	fund	NOUN
fsr-3851	31	38	'	'	PART
fsr-3851	31	39	s	s	PROPN
fsr-3851	31	40	holdings	holding	NOUN
fsr-3851	31	41	on	on	ADP
fsr-3851	31	42	a	a	DET
fsr-3851	31	43	per	per	ADP
fsr-3851	31	44	share	share	NOUN
fsr-3851	31	45	basis	basis	NOUN
fsr-3851	31	46	.	.	PUNCT
fsr-3851	32	1	if	if	SCONJ
fsr-3851	32	2	the	the	DET
fsr-3851	32	3	fund	fund	NOUN
fsr-3851	32	4	's	's	PART
fsr-3851	32	5	market	market	NOUN
fsr-3851	32	6	price	price	NOUN
fsr-3851	32	7	is	be	AUX
fsr-3851	32	8	less	less	ADJ
fsr-3851	32	9	than	than	ADP
fsr-3851	32	10	the	the	DET
fsr-3851	32	11	nav	nav	NOUN
fsr-3851	32	12	,	,	PUNCT
fsr-3851	32	13	then	then	ADV
fsr-3851	32	14	the	the	DET
fsr-3851	32	15	fund	fund	NOUN
fsr-3851	32	16	sells	sell	VERB
fsr-3851	32	17	at	at	ADP
fsr-3851	32	18	a	a	DET
fsr-3851	32	19	discount	discount	NOUN
fsr-3851	32	20	;	;	PUNCT
fsr-3851	32	21	if	if	SCONJ
fsr-3851	32	22	it	it	PRON
fsr-3851	32	23	is	be	AUX
fsr-3851	32	24	greater	great	ADJ
fsr-3851	32	25	than	than	ADP
fsr-3851	32	26	the	the	DET
fsr-3851	32	27	nav	nav	NOUN
fsr-3851	32	28	,	,	PUNCT
fsr-3851	32	29	it	it	PRON
fsr-3851	32	30	trades	trade	VERB
fsr-3851	32	31	at	at	ADP
fsr-3851	32	32	a	a	DET
fsr-3851	32	33	premium	premium	NOUN
fsr-3851	32	34	.	.	PUNCT
fsr-3851	33	1	when	when	SCONJ
fsr-3851	33	2	the	the	DET
fsr-3851	33	3	discount	discount	NOUN
fsr-3851	33	4	or	or	CCONJ
fsr-3851	33	5	premium	premium	NOUN
fsr-3851	33	6	exceeds	exceed	VERB
fsr-3851	33	7	a	a	DET
fsr-3851	33	8	value	value	NOUN
fsr-3851	33	9	that	that	PRON
fsr-3851	33	10	can	can	AUX
fsr-3851	33	11	be	be	AUX
fsr-3851	33	12	adequately	adequately	ADV
fsr-3851	33	13	explained	explain	VERB
fsr-3851	33	14	by	by	ADP
fsr-3851	33	15	market	market	NOUN
fsr-3851	33	16	forces	force	NOUN
fsr-3851	33	17	(	(	PUNCT
fsr-3851	33	18	malkiel	malkiel	ADJ
fsr-3851	33	19	,	,	PUNCT
fsr-3851	33	20	1977	1977	NUM
fsr-3851	33	21	;	;	PUNCT
fsr-3851	33	22	pratt	pratt	PROPN
fsr-3851	33	23	,	,	PUNCT
fsr-3851	33	24	1966	1966	NUM
fsr-3851	33	25	)	)	PUNCT
fsr-3851	33	26	,	,	PUNCT
fsr-3851	33	27	the	the	DET
fsr-3851	33	28	departure	departure	NOUN
fsr-3851	33	29	from	from	ADP
fsr-3851	33	30	nav	nav	PROPN
fsr-3851	33	31	is	be	AUX
fsr-3851	33	32	deemed	deem	VERB
fsr-3851	33	33	excessive	excessive	ADJ
fsr-3851	33	34	and	and	CCONJ
fsr-3851	33	35	suggests	suggest	VERB
fsr-3851	33	36	market	market	NOUN
fsr-3851	33	37	inefficiency	inefficiency	NOUN
fsr-3851	33	38	in	in	ADP
fsr-3851	33	39	setting	set	VERB
fsr-3851	33	40	fund	fund	NOUN
fsr-3851	33	41	prices	price	NOUN
fsr-3851	33	42	.	.	PUNCT
fsr-3851	34	1	thus	thus	ADV
fsr-3851	34	2	,	,	PUNCT
fsr-3851	34	3	the	the	DET
fsr-3851	34	4	size	size	NOUN
fsr-3851	34	5	of	of	ADP
fsr-3851	34	6	the	the	DET
fsr-3851	34	7	discount	discount	NOUN
fsr-3851	34	8	or	or	CCONJ
fsr-3851	34	9	premium	premium	NOUN
fsr-3851	34	10	is	be	AUX
fsr-3851	34	11	a	a	DET
fsr-3851	34	12	key	key	ADJ
fsr-3851	34	13	consideration	consideration	NOUN
fsr-3851	34	14	in	in	ADP
fsr-3851	34	15	selecting	select	VERB
fsr-3851	34	16	ceic	ceic	VERB
fsr-3851	34	17	shares	share	NOUN
fsr-3851	34	18	.	.	PUNCT
fsr-3851	35	1	most	most	ADJ
fsr-3851	35	2	closed	closed	ADJ
fsr-3851	35	3	-	-	PUNCT
fsr-3851	35	4	end	end	NOUN
fsr-3851	35	5	funds	fund	NOUN
fsr-3851	35	6	sell	sell	VERB
fsr-3851	35	7	at	at	ADP
fsr-3851	35	8	a	a	DET
fsr-3851	35	9	discount	discount	NOUN
fsr-3851	35	10	,	,	PUNCT
fsr-3851	35	11	and	and	CCONJ
fsr-3851	35	12	this	this	DET
fsr-3851	35	13	discount	discount	NOUN
fsr-3851	35	14	has	have	AUX
fsr-3851	35	15	persisted	persist	VERB
fsr-3851	35	16	over	over	ADP
fsr-3851	35	17	time	time	NOUN
fsr-3851	35	18	(	(	PUNCT
fsr-3851	35	19	pontiff	pontiff	ADJ
fsr-3851	35	20	,	,	PUNCT
fsr-3851	35	21	1994	1994	NUM
fsr-3851	35	22	)	)	PUNCT
fsr-3851	35	23	.	.	PUNCT
fsr-3851	36	1	this	this	DET
fsr-3851	36	2	paper	paper	NOUN
fsr-3851	36	3	focuses	focus	VERB
fsr-3851	36	4	on	on	ADP
fsr-3851	36	5	profitable	profitable	ADJ
fsr-3851	36	6	trading	trading	NOUN
fsr-3851	36	7	strategies	strategy	NOUN
fsr-3851	36	8	,	,	PUNCT
fsr-3851	36	9	rather	rather	ADV
fsr-3851	36	10	than	than	ADP
fsr-3851	36	11	explaining	explain	VERB
fsr-3851	36	12	the	the	DET
fsr-3851	36	13	exist	exist	ADJ
fsr-3851	36	14	ence	ence	NOUN
fsr-3851	36	15	of	of	ADP
fsr-3851	36	16	the	the	DET
fsr-3851	36	17	discount	discount	NOUN
fsr-3851	36	18	.	.	PUNCT
fsr-3851	37	1	several	several	ADJ
fsr-3851	37	2	researchers	researcher	NOUN
fsr-3851	37	3	have	have	AUX
fsr-3851	37	4	devised	devise	VERB
fsr-3851	37	5	trading	trading	NOUN
fsr-3851	37	6	strategies	strategy	NOUN
fsr-3851	37	7	that	that	PRON
fsr-3851	37	8	attempt	attempt	VERB
fsr-3851	37	9	to	to	PART
fsr-3851	37	10	select	select	VERB
fsr-3851	37	11	profitable	profitable	ADJ
fsr-3851	37	12	funds	fund	NOUN
fsr-3851	37	13	based	base	VERB
fsr-3851	37	14	on	on	ADP
fsr-3851	37	15	the	the	DET
fsr-3851	37	16	size	size	NOUN
fsr-3851	37	17	of	of	ADP
fsr-3851	37	18	the	the	DET
fsr-3851	37	19	discount	discount	NOUN
fsr-3851	37	20	or	or	CCONJ
fsr-3851	37	21	premium	premium	NOUN
fsr-3851	37	22	.	.	PUNCT
fsr-3851	38	1	thompson	thompson	NOUN
fsr-3851	38	2	(	(	PUNCT
fsr-3851	38	3	1978	1978	NUM
fsr-3851	38	4	)	)	PUNCT
fsr-3851	38	5	reveals	reveal	VERB
fsr-3851	38	6	that	that	SCONJ
fsr-3851	38	7	funds	fund	NOUN
fsr-3851	38	8	trading	trade	VERB
fsr-3851	38	9	at	at	ADP
fsr-3851	38	10	a	a	DET
fsr-3851	38	11	premium	premium	NOUN
fsr-3851	38	12	are	be	AUX
fsr-3851	38	13	bad	bad	ADJ
fsr-3851	38	14	investments	investment	NOUN
fsr-3851	38	15	.	.	PUNCT
fsr-3851	39	1	he	he	PRON
fsr-3851	39	2	creates	create	VERB
fsr-3851	39	3	portfolios	portfolio	NOUN
fsr-3851	39	4	that	that	PRON
fsr-3851	39	5	incorporate	incorporate	VERB
fsr-3851	39	6	all	all	DET
fsr-3851	39	7	funds	fund	NOUN
fsr-3851	39	8	trading	trade	VERB
fsr-3851	39	9	at	at	ADP
fsr-3851	39	10	a	a	DET
fsr-3851	39	11	discount	discount	NOUN
fsr-3851	39	12	.	.	PUNCT
fsr-3851	40	1	he	he	PRON
fsr-3851	40	2	finds	find	VERB
fsr-3851	40	3	significant	significant	ADJ
fsr-3851	40	4	performance	performance	NOUN
fsr-3851	40	5	that	that	PRON
fsr-3851	40	6	is	be	AUX
fsr-3851	40	7	consistent	consistent	ADJ
fsr-3851	40	8	across	across	ADP
fsr-3851	40	9	benchmark	benchmark	ADJ
fsr-3851	40	10	portfolios	portfolio	NOUN
fsr-3851	40	11	,	,	PUNCT
fsr-3851	40	12	even	even	ADV
fsr-3851	40	13	after	after	ADP
fsr-3851	40	14	adjusting	adjust	VERB
fsr-3851	40	15	the	the	DET
fsr-3851	40	16	returns	return	NOUN
fsr-3851	40	17	for	for	ADP
fsr-3851	40	18	tax	tax	NOUN
fsr-3851	40	19	receipt	receipt	NOUN
fsr-3851	40	20	distributions	distribution	NOUN
fsr-3851	40	21	and	and	CCONJ
fsr-3851	40	22	reinvestment	reinvestment	NOUN
fsr-3851	40	23	options	option	NOUN
fsr-3851	40	24	.	.	PUNCT
fsr-3851	41	1	richards	richard	NOUN
fsr-3851	41	2	,	,	PUNCT
fsr-3851	41	3	fraser	fraser	NOUN
fsr-3851	41	4	,	,	PUNCT
fsr-3851	41	5	and	and	CCONJ
fsr-3851	41	6	groth	groth	PROPN
fsr-3851	41	7	(	(	PUNCT
fsr-3851	41	8	1980	1980	NUM
fsr-3851	41	9	)	)	PUNCT
fsr-3851	41	10	focus	focus	NOUN
fsr-3851	41	11	on	on	ADP
fsr-3851	41	12	two	two	NUM
fsr-3851	41	13	strategies	strategy	NOUN
fsr-3851	41	14	:	:	PUNCT
fsr-3851	41	15	buy	buy	VERB
fsr-3851	41	16	and	and	CCONJ
fsr-3851	41	17	sell	sell	VERB
fsr-3851	41	18	trading	trading	NOUN
fsr-3851	41	19	points	point	NOUN
fsr-3851	41	20	and	and	CCONJ
fsr-3851	41	21	filter	filter	NOUN
fsr-3851	41	22	rules	rule	NOUN
fsr-3851	41	23	.	.	PUNCT
fsr-3851	42	1	their	their	PRON
fsr-3851	42	2	strategies	strategy	NOUN
fsr-3851	42	3	involve	involve	VERB
fsr-3851	42	4	buying	buy	VERB
fsr-3851	42	5	ceic	ceic	VERB
fsr-3851	42	6	shares	share	NOUN
fsr-3851	42	7	trading	trading	NOUN
fsr-3851	42	8	at	at	ADP
fsr-3851	42	9	a	a	DET
fsr-3851	42	10	discount	discount	NOUN
fsr-3851	42	11	and	and	CCONJ
fsr-3851	42	12	shorting	shorting	NOUN
fsr-3851	42	13	ceic	ceic	VERB
fsr-3851	42	14	shares	share	NOUN
fsr-3851	42	15	trading	trading	NOUN
fsr-3851	42	16	at	at	ADP
fsr-3851	42	17	a	a	DET
fsr-3851	42	18	premium	premium	NOUN
fsr-3851	42	19	.	.	PUNCT
fsr-3851	43	1	using	use	VERB
fsr-3851	43	2	weekly	weekly	ADJ
fsr-3851	43	3	rebalancing	rebalancing	NOUN
fsr-3851	43	4	,	,	PUNCT
fsr-3851	43	5	all	all	PRON
fsr-3851	43	6	of	of	ADP
fsr-3851	43	7	their	their	PRON
fsr-3851	43	8	strategies	strategy	NOUN
fsr-3851	43	9	outperform	outperform	VERB
fsr-3851	43	10	the	the	DET
fsr-3851	43	11	s&p	s&p	PROPN
fsr-3851	43	12	500	500	NUM
fsr-3851	43	13	.	.	PUNCT
fsr-3851	44	1	they	they	PRON
fsr-3851	44	2	find	find	VERB
fsr-3851	44	3	that	that	SCONJ
fsr-3851	44	4	the	the	DET
fsr-3851	44	5	extreme	extreme	ADJ
fsr-3851	44	6	buy	buy	NOUN
fsr-3851	44	7	and	and	CCONJ
fsr-3851	44	8	sell	sell	VERB
fsr-3851	44	9	points	point	NOUN
fsr-3851	44	10	and	and	CCONJ
fsr-3851	44	11	larg	larg	PROPN
fsr-3851	44	12	est	est	PROPN
fsr-3851	44	13	filters	filter	NOUN
fsr-3851	44	14	produce	produce	VERB
fsr-3851	44	15	the	the	DET
fsr-3851	44	16	highest	high	ADJ
fsr-3851	44	17	returns	return	NOUN
fsr-3851	44	18	.	.	PUNCT
fsr-3851	45	1	anderson	anderson	PROPN
fsr-3851	45	2	(	(	PUNCT
fsr-3851	45	3	1986	1986	NUM
fsr-3851	45	4	)	)	PUNCT
fsr-3851	45	5	extends	extend	VERB
fsr-3851	45	6	their	their	PRON
fsr-3851	45	7	study	study	NOUN
fsr-3851	45	8	to	to	PART
fsr-3851	45	9	investigate	investigate	VERB
fsr-3851	45	10	three	three	NUM
fsr-3851	45	11	different	different	ADJ
fsr-3851	45	12	time	time	NOUN
fsr-3851	45	13	periods	period	NOUN
fsr-3851	45	14	.	.	PUNCT
fsr-3851	46	1	he	he	PRON
fsr-3851	46	2	demonstrates	demonstrate	VERB
fsr-3851	46	3	that	that	SCONJ
fsr-3851	46	4	only	only	ADV
fsr-3851	46	5	the	the	DET
fsr-3851	46	6	buy	buy	NOUN
fsr-3851	46	7	and	and	CCONJ
fsr-3851	46	8	sell	sell	VERB
fsr-3851	46	9	points	point	NOUN
fsr-3851	46	10	provide	provide	VERB
fsr-3851	46	11	excess	excess	ADJ
fsr-3851	46	12	returns	return	NOUN
fsr-3851	46	13	for	for	ADP
fsr-3851	46	14	all	all	DET
fsr-3851	46	15	three	three	NUM
fsr-3851	46	16	periods	period	NOUN
fsr-3851	46	17	.	.	PUNCT
fsr-3851	47	1	brauer	brauer	PROPN
fsr-3851	47	2	(	(	PUNCT
fsr-3851	47	3	1988	1988	NUM
fsr-3851	47	4	)	)	PUNCT
fsr-3851	47	5	constructs	construct	VERB
fsr-3851	47	6	a	a	DET
fsr-3851	47	7	frequency	frequency	NOUN
fsr-3851	47	8	distribution	distribution	NOUN
fsr-3851	47	9	based	base	VERB
fsr-3851	47	10	on	on	ADP
fsr-3851	47	11	the	the	DET
fsr-3851	47	12	potential	potential	NOUN
fsr-3851	47	13	for	for	ADP
fsr-3851	47	14	open	open	ADJ
fsr-3851	47	15	ending	ending	NOUN
fsr-3851	47	16	to	to	PART
fsr-3851	47	17	get	get	VERB
fsr-3851	47	18	a	a	DET
fsr-3851	47	19	cutoff	cutoff	NOUN
fsr-3851	47	20	for	for	ADP
fsr-3851	47	21	inclusion	inclusion	NOUN
fsr-3851	47	22	in	in	ADP
fsr-3851	47	23	the	the	DET
fsr-3851	47	24	portfolio	portfolio	NOUN
fsr-3851	47	25	.	.	PUNCT
fsr-3851	48	1	his	his	PRON
fsr-3851	48	2	portfolios	portfolio	NOUN
fsr-3851	48	3	outperform	outperform	VERB
fsr-3851	48	4	the	the	DET
fsr-3851	48	5	s&p	s&p	PROPN
fsr-3851	48	6	500	500	NUM
fsr-3851	48	7	.	.	PUNCT
fsr-3851	49	1	pontiff	pontiff	ADJ
fsr-3851	49	2	(	(	PUNCT
fsr-3851	49	3	1994	1994	NUM
fsr-3851	49	4	)	)	PUNCT
fsr-3851	49	5	separates	separate	VERB
fsr-3851	49	6	the	the	DET
fsr-3851	49	7	funds	fund	NOUN
fsr-3851	49	8	into	into	ADP
fsr-3851	49	9	groups	group	NOUN
fsr-3851	49	10	based	base	VERB
fsr-3851	49	11	on	on	ADP
fsr-3851	49	12	the	the	DET
fsr-3851	49	13	size	size	NOUN
fsr-3851	49	14	of	of	ADP
fsr-3851	49	15	the	the	DET
fsr-3851	49	16	premium	premium	NOUN
fsr-3851	49	17	.	.	PUNCT
fsr-3851	50	1	he	he	PRON
fsr-3851	50	2	finds	find	VERB
fsr-3851	50	3	that	that	SCONJ
fsr-3851	50	4	premium	premium	NOUN
fsr-3851	50	5	funds	fund	NOUN
fsr-3851	50	6	are	be	AUX
fsr-3851	50	7	bad	bad	ADJ
fsr-3851	50	8	investments	investment	NOUN
fsr-3851	50	9	.	.	PUNCT
fsr-3851	51	1	he	he	PRON
fsr-3851	51	2	shows	show	VERB
fsr-3851	51	3	that	that	SCONJ
fsr-3851	51	4	funds	fund	NOUN
fsr-3851	51	5	with	with	ADP
fsr-3851	51	6	20	20	NUM
fsr-3851	51	7	%	%	NOUN
fsr-3851	51	8	discounts	discount	NOUN
fsr-3851	51	9	have	have	AUX
fsr-3851	51	10	expected	expect	VERB
fsr-3851	51	11	twelve	twelve	NUM
fsr-3851	51	12	-	-	PUNCT
fsr-3851	51	13	month	month	NOUN
fsr-3851	51	14	returns	return	NOUN
fsr-3851	51	15	that	that	PRON
fsr-3851	51	16	are	be	AUX
fsr-3851	51	17	6	6	NUM
fsr-3851	51	18	%	%	NOUN
fsr-3851	51	19	greater	great	ADJ
fsr-3851	51	20	return	return	NOUN
fsr-3851	51	21	than	than	ADP
fsr-3851	51	22	non	non	ADJ
fsr-3851	51	23	-	-	ADJ
fsr-3851	51	24	discounted	discounted	ADJ
fsr-3851	51	25	funds	fund	NOUN
fsr-3851	51	26	.	.	PUNCT
fsr-3851	52	1	prior	prior	ADJ
fsr-3851	52	2	studies	study	NOUN
fsr-3851	52	3	of	of	ADP
fsr-3851	52	4	closed	close	VERB
fsr-3851	52	5	-	-	PUNCT
fsr-3851	52	6	end	end	NOUN
fsr-3851	52	7	funds	fund	NOUN
fsr-3851	52	8	have	have	AUX
fsr-3851	52	9	not	not	PART
fsr-3851	52	10	explicitly	explicitly	ADV
fsr-3851	52	11	considered	consider	VERB
fsr-3851	52	12	transaction	transaction	NOUN
fsr-3851	52	13	costs	cost	NOUN
fsr-3851	52	14	,	,	PUNCT
fsr-3851	52	15	although	although	SCONJ
fsr-3851	52	16	pontiff	pontiff	ADJ
fsr-3851	52	17	(	(	PUNCT
fsr-3851	52	18	1994	1994	NUM
fsr-3851	52	19	)	)	PUNCT
fsr-3851	52	20	does	do	AUX
fsr-3851	52	21	state	state	VERB
fsr-3851	52	22	that	that	SCONJ
fsr-3851	52	23	the	the	DET
fsr-3851	52	24	round	round	ADJ
fsr-3851	52	25	trip	trip	NOUN
fsr-3851	52	26	transaction	transaction	NOUN
fsr-3851	52	27	costs	cost	NOUN
fsr-3851	52	28	needed	need	VERB
fsr-3851	52	29	to	to	PART
fsr-3851	52	30	eliminate	eliminate	VERB
fsr-3851	52	31	the	the	DET
fsr-3851	52	32	abnormal	abnormal	ADJ
fsr-3851	52	33	returns	return	NOUN
fsr-3851	52	34	in	in	ADP
fsr-3851	52	35	his	his	PRON
fsr-3851	52	36	study	study	NOUN
fsr-3851	52	37	are	be	AUX
fsr-3851	52	38	8.25	8.25	NUM
fsr-3851	52	39	%	%	NOUN
fsr-3851	52	40	for	for	ADP
fsr-3851	52	41	buying	buy	VERB
fsr-3851	52	42	securities	security	NOUN
fsr-3851	52	43	and	and	CCONJ
fsr-3851	52	44	3.13	3.13	NUM
fsr-3851	52	45	%	%	NOUN
fsr-3851	52	46	for	for	ADP
fsr-3851	52	47	shorting	short	VERB
fsr-3851	52	48	them	they	PRON
fsr-3851	52	49	.	.	PUNCT
fsr-3851	53	1	pesaran	pesaran	PROPN
fsr-3851	53	2	and	and	CCONJ
fsr-3851	53	3	timmerman	timmerman	PROPN
fsr-3851	53	4	(	(	PUNCT
fsr-3851	53	5	1994	1994	NUM
fsr-3851	53	6	)	)	PUNCT
fsr-3851	53	7	use	use	NOUN
fsr-3851	53	8	.5	.5	NUM
fsr-3851	53	9	%	%	NOUN
fsr-3851	53	10	and	and	CCONJ
fsr-3851	53	11	1	1	NUM
fsr-3851	53	12	%	%	NOUN
fsr-3851	53	13	rates	rate	NOUN
fsr-3851	53	14	in	in	ADP
fsr-3851	53	15	their	their	PRON
fsr-3851	53	16	paper	paper	NOUN
fsr-3851	53	17	on	on	ADP
fsr-3851	53	18	stock	stock	NOUN
fsr-3851	53	19	market	market	NOUN
fsr-3851	53	20	trading	trading	NOUN
fsr-3851	53	21	with	with	ADP
fsr-3851	53	22	transaction	transaction	NOUN
fsr-3851	53	23	costs	cost	NOUN
fsr-3851	53	24	.	.	PUNCT
fsr-3851	54	1	this	this	PRON
fsr-3851	54	2	produces	produce	VERB
fsr-3851	54	3	round	round	ADJ
fsr-3851	54	4	trip	trip	NOUN
fsr-3851	54	5	transaction	transaction	NOUN
fsr-3851	54	6	costs	cost	NOUN
fsr-3851	54	7	of	of	ADP
fsr-3851	54	8	1	1	NUM
fsr-3851	54	9	%	%	NOUN
fsr-3851	54	10	to	to	PART
fsr-3851	54	11	2	2	NUM
fsr-3851	54	12	%	%	NOUN
fsr-3851	54	13	per	per	ADP
fsr-3851	54	14	ceic	ceic	VERB
fsr-3851	54	15	share	share	NOUN
fsr-3851	54	16	.	.	PUNCT
fsr-3851	55	1	taxes	taxis	NOUN
fsr-3851	55	2	are	be	AUX
fsr-3851	55	3	another	another	DET
fsr-3851	55	4	important	important	ADJ
fsr-3851	55	5	consideration	consideration	NOUN
fsr-3851	55	6	.	.	PUNCT
fsr-3851	56	1	morris	morris	PROPN
fsr-3851	56	2	and	and	CCONJ
fsr-3851	56	3	scanlon	scanlon	PROPN
fsr-3851	56	4	(	(	PUNCT
fsr-3851	56	5	1996	1996	NUM
fsr-3851	56	6	)	)	PUNCT
fsr-3851	56	7	,	,	PUNCT
fsr-3851	56	8	malk	malk	PROPN
fsr-3851	56	9	iel	iel	PROPN
fsr-3851	56	10	(	(	PUNCT
fsr-3851	56	11	1977	1977	NUM
fsr-3851	56	12	)	)	PUNCT
fsr-3851	56	13	,	,	PUNCT
fsr-3851	56	14	and	and	CCONJ
fsr-3851	56	15	kim	kim	PROPN
fsr-3851	56	16	(	(	PUNCT
fsr-3851	56	17	1994	1994	NUM
fsr-3851	56	18	)	)	PUNCT
fsr-3851	56	19	examine	examine	VERB
fsr-3851	56	20	the	the	DET
fsr-3851	56	21	impact	impact	NOUN
fsr-3851	56	22	of	of	ADP
fsr-3851	56	23	taxes	taxis	NOUN
fsr-3851	56	24	in	in	ADP
fsr-3851	56	25	explaining	explain	VERB
fsr-3851	56	26	the	the	DET
fsr-3851	56	27	discount	discount	NOUN
fsr-3851	56	28	.	.	PUNCT
fsr-3851	57	1	they	they	PRON
fsr-3851	57	2	use	use	VERB
fsr-3851	57	3	a	a	DET
fsr-3851	57	4	variety	variety	NOUN
fsr-3851	57	5	of	of	ADP
fsr-3851	57	6	tax	tax	NOUN
fsr-3851	57	7	rates	rate	NOUN
fsr-3851	57	8	including	include	VERB
fsr-3851	57	9	25	25	NUM
fsr-3851	57	10	%	%	NOUN
fsr-3851	57	11	,	,	PUNCT
fsr-3851	57	12	31	31	NUM
fsr-3851	57	13	%	%	NOUN
fsr-3851	57	14	and	and	CCONJ
fsr-3851	57	15	split	split	ADJ
fsr-3851	57	16	rates	rate	NOUN
fsr-3851	57	17	(	(	PUNCT
fsr-3851	57	18	31	31	NUM
fsr-3851	57	19	%	%	NOUN
fsr-3851	57	20	on	on	ADP
fsr-3851	57	21	dividends	dividend	NOUN
fsr-3851	57	22	and	and	CCONJ
fsr-3851	57	23	28	28	NUM
fsr-3851	57	24	%	%	NOUN
fsr-3851	57	25	on	on	ADP
fsr-3851	57	26	capital	capital	NOUN
fsr-3851	57	27	gains	gain	NOUN
fsr-3851	57	28	)	)	PUNCT
fsr-3851	57	29	.	.	PUNCT
fsr-3851	58	1	they	they	PRON
fsr-3851	58	2	find	find	VERB
fsr-3851	58	3	that	that	SCONJ
fsr-3851	58	4	taxes	taxis	NOUN
fsr-3851	58	5	are	be	AUX
fsr-3851	58	6	an	an	DET
fsr-3851	58	7	important	important	ADJ
fsr-3851	58	8	factor	factor	NOUN
fsr-3851	58	9	in	in	ADP
fsr-3851	58	10	explaining	explain	VERB
fsr-3851	58	11	the	the	DET
fsr-3851	58	12	fund	fund	NOUN
fsr-3851	58	13	's	's	PART
fsr-3851	58	14	dis	dis	PROPN
fsr-3851	58	15	count	count	NOUN
fsr-3851	58	16	.	.	PUNCT
fsr-3851	59	1	small	small	ADJ
fsr-3851	59	2	investors	investor	NOUN
fsr-3851	59	3	are	be	AUX
fsr-3851	59	4	important	important	ADJ
fsr-3851	59	5	in	in	ADP
fsr-3851	59	6	the	the	DET
fsr-3851	59	7	closed	close	VERB
fsr-3851	59	8	-	-	PUNCT
fsr-3851	59	9	end	end	NOUN
fsr-3851	59	10	fund	fund	NOUN
fsr-3851	59	11	market	market	NOUN
fsr-3851	59	12	.	.	PUNCT
fsr-3851	60	1	palomino	palomino	PROPN
fsr-3851	60	2	(	(	PUNCT
fsr-3851	60	3	1996	1996	NUM
fsr-3851	60	4	)	)	PUNCT
fsr-3851	60	5	hypoth	hypoth	NOUN
fsr-3851	60	6	esizes	esize	VERB
fsr-3851	60	7	that	that	PRON
fsr-3851	60	8	small	small	ADJ
fsr-3851	60	9	(	(	PUNCT
fsr-3851	60	10	or	or	CCONJ
fsr-3851	60	11	noise	noise	NOUN
fsr-3851	60	12	)	)	PUNCT
fsr-3851	60	13	traders	trader	NOUN
fsr-3851	60	14	may	may	AUX
fsr-3851	60	15	earn	earn	VERB
fsr-3851	60	16	higher	high	ADJ
fsr-3851	60	17	expected	expect	VERB
fsr-3851	60	18	utility	utility	NOUN
fsr-3851	60	19	than	than	ADP
fsr-3851	60	20	rational	rational	ADJ
fsr-3851	60	21	investors	investor	NOUN
fsr-3851	60	22	(	(	PUNCT
fsr-3851	60	23	by	by	ADP
fsr-3851	60	24	deviating	deviate	VERB
fsr-3851	60	25	from	from	ADP
fsr-3851	60	26	the	the	DET
fsr-3851	60	27	nash	nash	PROPN
fsr-3851	60	28	equilibrium	equilibrium	NOUN
fsr-3851	60	29	strategy	strategy	NOUN
fsr-3851	60	30	)	)	PUNCT
fsr-3851	60	31	because	because	SCONJ
fsr-3851	60	32	they	they	PRON
fsr-3851	60	33	create	create	VERB
fsr-3851	60	34	additional	additional	ADJ
fsr-3851	60	35	market	market	NOUN
fsr-3851	60	36	volatility	volatility	NOUN
fsr-3851	60	37	.	.	PUNCT
fsr-3851	61	1	thus	thus	ADV
fsr-3851	61	2	,	,	PUNCT
fsr-3851	61	3	rational	rational	ADJ
fsr-3851	61	4	investors	investor	NOUN
fsr-3851	61	5	are	be	AUX
fsr-3851	61	6	reluctant	reluctant	ADJ
fsr-3851	61	7	to	to	PART
fsr-3851	61	8	trade	trade	VERB
fsr-3851	61	9	in	in	ADP
fsr-3851	61	10	small	small	ADJ
fsr-3851	61	11	markets	market	NOUN
fsr-3851	61	12	,	,	PUNCT
fsr-3851	61	13	and	and	CCONJ
fsr-3851	61	14	noise	noise	NOUN
fsr-3851	61	15	trader	trader	NOUN
fsr-3851	61	16	risk	risk	NOUN
fsr-3851	61	17	persists	persist	VERB
fsr-3851	61	18	.	.	PUNCT
fsr-3851	62	1	some	some	DET
fsr-3851	62	2	ceic	ceic	VERB
fsr-3851	62	3	funds	fund	NOUN
fsr-3851	62	4	are	be	AUX
fsr-3851	62	5	thinly	thinly	ADV
fsr-3851	62	6	traded	trade	VERB
fsr-3851	62	7	,	,	PUNCT
fsr-3851	62	8	and	and	CCONJ
fsr-3851	62	9	small	small	ADJ
fsr-3851	62	10	investors	investor	NOUN
fsr-3851	62	11	have	have	VERB
fsr-3851	62	12	a	a	DET
fsr-3851	62	13	greater	great	ADJ
fsr-3851	62	14	impact	impact	NOUN
fsr-3851	62	15	in	in	ADP
fsr-3851	62	16	these	these	DET
fsr-3851	62	17	markets	market	NOUN
fsr-3851	62	18	.	.	PUNCT
fsr-3851	63	1	the	the	DET
fsr-3851	63	2	initial	initial	ADJ
fsr-3851	63	3	public	public	ADJ
fsr-3851	63	4	offering	offering	NOUN
fsr-3851	63	5	(	(	PUNCT
fsr-3851	63	6	ipo	ipo	NOUN
fsr-3851	63	7	)	)	PUNCT
fsr-3851	63	8	evidence	evidence	NOUN
fsr-3851	63	9	supports	support	VERB
fsr-3851	63	10	the	the	DET
fsr-3851	63	11	idea	idea	NOUN
fsr-3851	63	12	that	that	SCONJ
fsr-3851	63	13	small	small	ADJ
fsr-3851	63	14	investors	investor	NOUN
fsr-3851	63	15	are	be	AUX
fsr-3851	63	16	active	active	ADJ
fsr-3851	63	17	in	in	ADP
fsr-3851	63	18	the	the	DET
fsr-3851	63	19	closed	close	VERB
fsr-3851	63	20	-	-	PUNCT
fsr-3851	63	21	end	end	NOUN
fsr-3851	63	22	fund	fund	NOUN
fsr-3851	63	23	market	market	NOUN
fsr-3851	63	24	.	.	PUNCT
fsr-3851	64	1	an	an	DET
fsr-3851	64	2	examination	examination	NOUN
fsr-3851	64	3	of	of	ADP
fsr-3851	64	4	closed	close	VERB
fsr-3851	64	5	-	-	PUNCT
fsr-3851	64	6	end	end	NOUN
fsr-3851	64	7	fund	fund	NOUN
fsr-3851	64	8	ipos	ipos	NOUN
fsr-3851	64	9	reveals	reveal	VERB
fsr-3851	64	10	no	no	DET
fsr-3851	64	11	abnormal	abnormal	ADJ
fsr-3851	64	12	performance	performance	NOUN
fsr-3851	64	13	in	in	ADP
fsr-3851	64	14	the	the	DET
fsr-3851	64	15	first	first	ADJ
fsr-3851	64	16	two	two	NUM
fsr-3851	64	17	days	day	NOUN
fsr-3851	64	18	of	of	ADP
fsr-3851	64	19	trading	trading	NOUN
fsr-3851	64	20	(	(	PUNCT
fsr-3851	64	21	barry	barry	PROPN
fsr-3851	64	22	&	&	CCONJ
fsr-3851	64	23	jennings	jennings	PROPN
fsr-3851	64	24	,	,	PUNCT
fsr-3851	64	25	closed.end	closed.end	X
fsr-3851	64	26	investment	investment	NOUN
fsr-3851	64	27	companies	company	NOUN
fsr-3851	64	28	85	85	NUM
fsr-3851	64	29	1993	1993	NUM
fsr-3851	64	30	)	)	PUNCT
fsr-3851	64	31	.	.	PUNCT
fsr-3851	65	1	subsequently	subsequently	ADV
fsr-3851	65	2	,	,	PUNCT
fsr-3851	65	3	the	the	DET
fsr-3851	65	4	price	price	NOUN
fsr-3851	65	5	declines	decline	VERB
fsr-3851	65	6	sharply	sharply	ADV
fsr-3851	65	7	as	as	SCONJ
fsr-3851	65	8	large	large	ADJ
fsr-3851	65	9	traders	trader	NOUN
fsr-3851	65	10	sell	sell	VERB
fsr-3851	65	11	to	to	ADP
fsr-3851	65	12	small	small	ADJ
fsr-3851	65	13	"	"	PUNCT
fsr-3851	65	14	noise	noise	NOUN
fsr-3851	65	15	"	"	PUNCT
fsr-3851	65	16	traders	trader	NOUN
fsr-3851	65	17	(	(	PUNCT
fsr-3851	65	18	barry	barry	PROPN
fsr-3851	65	19	&	&	CCONJ
fsr-3851	65	20	peavy	peavy	PROPN
fsr-3851	65	21	,	,	PUNCT
fsr-3851	65	22	1990	1990	NUM
fsr-3851	65	23	;	;	PUNCT
fsr-3851	65	24	weiss	weiss	PROPN
fsr-3851	65	25	-	-	PUNCT
fsr-3851	65	26	hanley	hanley	PROPN
fsr-3851	65	27	,	,	PUNCT
fsr-3851	65	28	lee	lee	PROPN
fsr-3851	65	29	,	,	PUNCT
fsr-3851	65	30	&	&	CCONJ
fsr-3851	65	31	seguin	seguin	PROPN
fsr-3851	65	32	,	,	PUNCT
fsr-3851	65	33	1996	1996	NUM
fsr-3851	65	34	)	)	PUNCT
fsr-3851	65	35	.	.	PUNCT
fsr-3851	66	1	the	the	DET
fsr-3851	66	2	primary	primary	ADJ
fsr-3851	66	3	goal	goal	NOUN
fsr-3851	66	4	of	of	ADP
fsr-3851	66	5	any	any	DET
fsr-3851	66	6	trading	trading	NOUN
fsr-3851	66	7	strategy	strategy	NOUN
fsr-3851	66	8	is	be	AUX
fsr-3851	66	9	to	to	PART
fsr-3851	66	10	outperform	outperform	VERB
fsr-3851	66	11	the	the	DET
fsr-3851	66	12	market	market	NOUN
fsr-3851	66	13	portfolio	portfolio	NOUN
fsr-3851	66	14	on	on	ADP
fsr-3851	66	15	a	a	DET
fsr-3851	66	16	risk	risk	NOUN
fsr-3851	66	17	-	-	PUNCT
fsr-3851	66	18	adjusted	adjust	VERB
fsr-3851	66	19	basis	basis	NOUN
fsr-3851	66	20	.	.	PUNCT
fsr-3851	67	1	brickley	brickley	PROPN
fsr-3851	67	2	and	and	CCONJ
fsr-3851	67	3	schallheim	schallheim	PROPN
fsr-3851	67	4	(	(	PUNCT
fsr-3851	67	5	1985	1985	NUM
fsr-3851	67	6	)	)	PUNCT
fsr-3851	67	7	,	,	PUNCT
fsr-3851	67	8	brauer	brauer	PROPN
fsr-3851	67	9	(	(	PUNCT
fsr-3851	67	10	1984	1984	NUM
fsr-3851	67	11	,	,	PUNCT
fsr-3851	67	12	1988	1988	NUM
fsr-3851	67	13	)	)	PUNCT
fsr-3851	67	14	,	,	PUNCT
fsr-3851	67	15	thompson	thompson	NOUN
fsr-3851	67	16	(	(	PUNCT
fsr-3851	67	17	1978	1978	NUM
fsr-3851	67	18	)	)	PUNCT
fsr-3851	67	19	and	and	CCONJ
fsr-3851	67	20	pontiff	pontiff	ADJ
fsr-3851	67	21	(	(	PUNCT
fsr-3851	67	22	1994	1994	NUM
fsr-3851	67	23	)	)	PUNCT
fsr-3851	67	24	all	all	PRON
fsr-3851	67	25	use	use	VERB
fsr-3851	67	26	market	market	NOUN
fsr-3851	67	27	and	and	CCONJ
fsr-3851	67	28	risk	risk	NOUN
fsr-3851	67	29	-	-	PUNCT
fsr-3851	67	30	adjusted	adjust	VERB
fsr-3851	67	31	returns	return	NOUN
fsr-3851	67	32	(	(	PUNCT
fsr-3851	67	33	market	market	NOUN
fsr-3851	67	34	model	model	NOUN
fsr-3851	67	35	)	)	PUNCT
fsr-3851	67	36	.	.	PUNCT
fsr-3851	68	1	how	how	SCONJ
fsr-3851	68	2	ever	ever	ADV
fsr-3851	68	3	,	,	PUNCT
fsr-3851	68	4	there	there	PRON
fsr-3851	68	5	is	be	VERB
fsr-3851	68	6	some	some	DET
fsr-3851	68	7	evidence	evidence	NOUN
fsr-3851	68	8	that	that	SCONJ
fsr-3851	68	9	the	the	DET
fsr-3851	68	10	market	market	NOUN
fsr-3851	68	11	model	model	NOUN
fsr-3851	68	12	may	may	AUX
fsr-3851	68	13	be	be	AUX
fsr-3851	68	14	inadequate	inadequate	ADJ
fsr-3851	68	15	for	for	ADP
fsr-3851	68	16	examining	examine	VERB
fsr-3851	68	17	ceic	ceic	VERB
fsr-3851	68	18	funds	fund	NOUN
fsr-3851	68	19	.	.	PUNCT
fsr-3851	69	1	thompson	thompson	NOUN
fsr-3851	69	2	(	(	PUNCT
fsr-3851	69	3	1978	1978	NUM
fsr-3851	69	4	)	)	PUNCT
fsr-3851	69	5	observes	observe	VERB
fsr-3851	69	6	that	that	SCONJ
fsr-3851	69	7	the	the	DET
fsr-3851	69	8	two	two	NUM
fsr-3851	69	9	-	-	PUNCT
fsr-3851	69	10	parameter	parameter	NOUN
fsr-3851	69	11	market	market	NOUN
fsr-3851	69	12	model	model	NOUN
fsr-3851	69	13	does	do	AUX
fsr-3851	69	14	not	not	PART
fsr-3851	69	15	describe	describe	VERB
fsr-3851	69	16	the	the	DET
fsr-3851	69	17	return	return	NOUN
fsr-3851	69	18	generating	generating	NOUN
fsr-3851	69	19	process	process	NOUN
fsr-3851	69	20	for	for	ADP
fsr-3851	69	21	ceic	ceic	VERB
fsr-3851	69	22	funds	fund	NOUN
fsr-3851	69	23	.	.	PUNCT
fsr-3851	70	1	brickley	brickley	PROPN
fsr-3851	70	2	and	and	CCONJ
fsr-3851	70	3	schallheim	schallheim	PROPN
fsr-3851	70	4	(	(	PUNCT
fsr-3851	70	5	1985	1985	NUM
fsr-3851	70	6	)	)	PUNCT
fsr-3851	70	7	find	find	VERB
fsr-3851	70	8	evi	evi	NOUN
fsr-3851	70	9	dence	dence	NOUN
fsr-3851	70	10	that	that	SCONJ
fsr-3851	70	11	the	the	DET
fsr-3851	70	12	market	market	NOUN
fsr-3851	70	13	model	model	NOUN
fsr-3851	70	14	may	may	AUX
fsr-3851	70	15	be	be	AUX
fsr-3851	70	16	inadequate	inadequate	ADJ
fsr-3851	70	17	if	if	SCONJ
fsr-3851	70	18	new	new	ADJ
fsr-3851	70	19	(	(	PUNCT
fsr-3851	70	20	uncertain	uncertain	ADJ
fsr-3851	70	21	)	)	PUNCT
fsr-3851	70	22	information	information	NOUN
fsr-3851	70	23	is	be	AUX
fsr-3851	70	24	likely	likely	ADJ
fsr-3851	70	25	to	to	PART
fsr-3851	70	26	occur	occur	VERB
fsr-3851	70	27	in	in	ADP
fsr-3851	70	28	the	the	DET
fsr-3851	70	29	marketplace	marketplace	NOUN
fsr-3851	70	30	.	.	PUNCT
fsr-3851	71	1	barry	barry	PROPN
fsr-3851	71	2	and	and	CCONJ
fsr-3851	71	3	peavy	peavy	PROPN
fsr-3851	71	4	(	(	PUNCT
fsr-3851	71	5	1990	1990	NUM
fsr-3851	71	6	)	)	PUNCT
fsr-3851	71	7	discover	discover	VERB
fsr-3851	71	8	that	that	SCONJ
fsr-3851	71	9	the	the	DET
fsr-3851	71	10	ipos	ipos	NOUN
fsr-3851	71	11	of	of	ADP
fsr-3851	71	12	ceic	ceic	VERB
fsr-3851	71	13	funds	fund	NOUN
fsr-3851	71	14	have	have	VERB
fsr-3851	71	15	low	low	ADJ
fsr-3851	71	16	betas	beta	NOUN
fsr-3851	71	17	in	in	ADP
fsr-3851	71	18	the	the	DET
fsr-3851	71	19	first	first	ADJ
fsr-3851	71	20	trading	trading	NOUN
fsr-3851	71	21	months	month	NOUN
fsr-3851	71	22	due	due	ADJ
fsr-3851	71	23	to	to	ADP
fsr-3851	71	24	extensive	extensive	ADJ
fsr-3851	71	25	price	price	NOUN
fsr-3851	71	26	stabilization	stabilization	NOUN
fsr-3851	71	27	.	.	PUNCT
fsr-3851	72	1	beta	beta	ADJ
fsr-3851	72	2	increases	increase	NOUN
fsr-3851	72	3	as	as	ADP
fsr-3851	72	4	funds	fund	NOUN
fsr-3851	72	5	season	season	NOUN
fsr-3851	72	6	in	in	ADP
fsr-3851	72	7	the	the	DET
fsr-3851	72	8	after	after	ADJ
fsr-3851	72	9	market	market	NOUN
fsr-3851	72	10	.	.	PUNCT
fsr-3851	73	1	pontiff	pontiff	ADJ
fsr-3851	73	2	(	(	PUNCT
fsr-3851	73	3	1994	1994	NUM
fsr-3851	73	4	)	)	PUNCT
fsr-3851	73	5	finds	find	VERB
fsr-3851	73	6	that	that	SCONJ
fsr-3851	73	7	beta	beta	ADJ
fsr-3851	73	8	increases	increase	NOUN
fsr-3851	73	9	as	as	SCONJ
fsr-3851	73	10	fund	fund	NOUN
fsr-3851	73	11	premiums	premium	NOUN
fsr-3851	73	12	increase	increase	VERB
fsr-3851	73	13	.	.	PUNCT
fsr-3851	74	1	if	if	SCONJ
fsr-3851	74	2	new	new	ADJ
fsr-3851	74	3	information	information	NOUN
fsr-3851	74	4	about	about	ADP
fsr-3851	74	5	the	the	DET
fsr-3851	74	6	ceic	ceic	VERB
fsr-3851	74	7	fund	fund	NOUN
fsr-3851	74	8	is	be	AUX
fsr-3851	74	9	contained	contain	VERB
fsr-3851	74	10	in	in	ADP
fsr-3851	74	11	the	the	DET
fsr-3851	74	12	pre	pre	NOUN
fsr-3851	74	13	mium	mium	NOUN
fsr-3851	74	14	,	,	PUNCT
fsr-3851	74	15	this	this	PRON
fsr-3851	74	16	could	could	AUX
fsr-3851	74	17	bias	bias	VERB
fsr-3851	74	18	the	the	DET
fsr-3851	74	19	market	market	NOUN
fsr-3851	74	20	model	model	NOUN
fsr-3851	74	21	results	result	NOUN
fsr-3851	74	22	.	.	PUNCT
fsr-3851	75	1	instead	instead	ADV
fsr-3851	75	2	of	of	ADP
fsr-3851	75	3	using	use	VERB
fsr-3851	75	4	the	the	DET
fsr-3851	75	5	market	market	NOUN
fsr-3851	75	6	model	model	NOUN
fsr-3851	75	7	,	,	PUNCT
fsr-3851	75	8	rich	rich	ADJ
fsr-3851	75	9	ards	ard	NOUN
fsr-3851	75	10	,	,	PUNCT
fsr-3851	75	11	fraser	fraser	NOUN
fsr-3851	75	12	,	,	PUNCT
fsr-3851	75	13	and	and	CCONJ
fsr-3851	75	14	groth	groth	PROPN
fsr-3851	75	15	(	(	PUNCT
fsr-3851	75	16	1980	1980	NUM
fsr-3851	75	17	)	)	PUNCT
fsr-3851	75	18	and	and	CCONJ
fsr-3851	75	19	anderson	anderson	PROPN
fsr-3851	75	20	(	(	PUNCT
fsr-3851	75	21	1986	1986	NUM
fsr-3851	75	22	)	)	PUNCT
fsr-3851	75	23	compare	compare	VERB
fsr-3851	75	24	the	the	DET
fsr-3851	75	25	return	return	NOUN
fsr-3851	75	26	and	and	CCONJ
fsr-3851	75	27	standard	standard	ADJ
fsr-3851	75	28	deviation	deviation	NOUN
fsr-3851	75	29	of	of	ADP
fsr-3851	75	30	the	the	DET
fsr-3851	75	31	proposed	propose	VERB
fsr-3851	75	32	strategies	strategy	NOUN
fsr-3851	75	33	to	to	ADP
fsr-3851	75	34	the	the	DET
fsr-3851	75	35	s&p	s&p	PROPN
fsr-3851	75	36	500	500	NUM
fsr-3851	75	37	.	.	PUNCT
fsr-3851	76	1	this	this	PRON
fsr-3851	76	2	avoids	avoid	VERB
fsr-3851	76	3	some	some	PRON
fsr-3851	76	4	of	of	ADP
fsr-3851	76	5	the	the	DET
fsr-3851	76	6	market	market	NOUN
fsr-3851	76	7	model	model	NOUN
fsr-3851	76	8	's	's	PART
fsr-3851	76	9	problems	problem	NOUN
fsr-3851	76	10	.	.	PUNCT
fsr-3851	77	1	closed	close	VERB
fsr-3851	77	2	-	-	PUNCT
fsr-3851	77	3	end	end	NOUN
fsr-3851	77	4	funds	fund	NOUN
fsr-3851	77	5	that	that	PRON
fsr-3851	77	6	convert	convert	VERB
fsr-3851	77	7	to	to	PART
fsr-3851	77	8	open	open	ADJ
fsr-3851	77	9	-	-	PUNCT
fsr-3851	77	10	end	end	NOUN
fsr-3851	77	11	could	could	AUX
fsr-3851	77	12	bias	bias	VERB
fsr-3851	77	13	the	the	DET
fsr-3851	77	14	results	result	NOUN
fsr-3851	77	15	.	.	PUNCT
fsr-3851	78	1	if	if	SCONJ
fsr-3851	78	2	the	the	DET
fsr-3851	78	3	fund	fund	NOUN
fsr-3851	78	4	liquidates	liquidate	VERB
fsr-3851	78	5	or	or	CCONJ
fsr-3851	78	6	open	open	ADJ
fsr-3851	78	7	-	-	PUNCT
fsr-3851	78	8	ends	end	NOUN
fsr-3851	78	9	,	,	PUNCT
fsr-3851	78	10	the	the	DET
fsr-3851	78	11	value	value	NOUN
fsr-3851	78	12	of	of	ADP
fsr-3851	78	13	the	the	DET
fsr-3851	78	14	fund	fund	NOUN
fsr-3851	78	15	's	's	PART
fsr-3851	78	16	shares	share	NOUN
fsr-3851	78	17	should	should	AUX
fsr-3851	78	18	return	return	VERB
fsr-3851	78	19	to	to	ADP
fsr-3851	78	20	the	the	DET
fsr-3851	78	21	nav	nav	NOUN
fsr-3851	78	22	.	.	PUNCT
fsr-3851	79	1	brickley	brickley	PROPN
fsr-3851	79	2	and	and	CCONJ
fsr-3851	79	3	schall	schall	PROPN
fsr-3851	79	4	heim	heim	PROPN
fsr-3851	79	5	(	(	PUNCT
fsr-3851	79	6	1985	1985	NUM
fsr-3851	79	7	)	)	PUNCT
fsr-3851	79	8	and	and	CCONJ
fsr-3851	79	9	brauer	brauer	PROPN
fsr-3851	79	10	(	(	PUNCT
fsr-3851	79	11	1984	1984	NUM
fsr-3851	79	12	,	,	PUNCT
fsr-3851	79	13	1988	1988	NUM
fsr-3851	79	14	)	)	PUNCT
fsr-3851	79	15	present	present	ADJ
fsr-3851	79	16	evidence	evidence	NOUN
fsr-3851	79	17	that	that	SCONJ
fsr-3851	79	18	funds	fund	NOUN
fsr-3851	79	19	with	with	ADP
fsr-3851	79	20	higher	high	ADJ
fsr-3851	79	21	than	than	ADP
fsr-3851	79	22	average	average	ADJ
fsr-3851	79	23	discounts	discount	NOUN
fsr-3851	79	24	are	be	AUX
fsr-3851	79	25	more	more	ADV
fsr-3851	79	26	likely	likely	ADJ
fsr-3851	79	27	to	to	PART
fsr-3851	79	28	open	open	VERB
fsr-3851	79	29	-	-	PUNCT
fsr-3851	79	30	end	end	NOUN
fsr-3851	79	31	.	.	PUNCT
fsr-3851	80	1	after	after	ADP
fsr-3851	80	2	the	the	DET
fsr-3851	80	3	announcement	announcement	NOUN
fsr-3851	80	4	date	date	NOUN
fsr-3851	80	5	,	,	PUNCT
fsr-3851	80	6	the	the	DET
fsr-3851	80	7	discount	discount	NOUN
fsr-3851	80	8	narrows	narrow	VERB
fsr-3851	80	9	.	.	PUNCT
fsr-3851	81	1	investors	investor	NOUN
fsr-3851	81	2	can	can	AUX
fsr-3851	81	3	earn	earn	VERB
fsr-3851	81	4	abnormal	abnormal	ADJ
fsr-3851	81	5	returns	return	NOUN
fsr-3851	81	6	if	if	SCONJ
fsr-3851	81	7	they	they	PRON
fsr-3851	81	8	buy	buy	VERB
fsr-3851	81	9	the	the	DET
fsr-3851	81	10	fund	fund	NOUN
fsr-3851	81	11	(	(	PUNCT
fsr-3851	81	12	even	even	ADV
fsr-3851	81	13	after	after	ADP
fsr-3851	81	14	the	the	DET
fsr-3851	81	15	announcement	announcement	NOUN
fsr-3851	81	16	)	)	PUNCT
fsr-3851	81	17	and	and	CCONJ
fsr-3851	81	18	hold	hold	VERB
fsr-3851	81	19	it	it	PRON
fsr-3851	81	20	until	until	SCONJ
fsr-3851	81	21	it	it	PRON
fsr-3851	81	22	is	be	AUX
fsr-3851	81	23	open	open	ADV
fsr-3851	81	24	-	-	PUNCT
fsr-3851	81	25	ended	end	VERB
fsr-3851	81	26	or	or	CCONJ
fsr-3851	81	27	liquidated	liquidate	VERB
fsr-3851	81	28	.	.	PUNCT
fsr-3851	82	1	iii	iii	X
fsr-3851	82	2	.	.	PUNCT
fsr-3851	83	1	strategies	strategy	NOUN
fsr-3851	83	2	and	and	CCONJ
fsr-3851	83	3	data	datum	NOUN
fsr-3851	83	4	previous	previous	ADJ
fsr-3851	83	5	studies	study	NOUN
fsr-3851	83	6	use	use	VERB
fsr-3851	83	7	strategies	strategy	NOUN
fsr-3851	83	8	with	with	ADP
fsr-3851	83	9	complex	complex	ADJ
fsr-3851	83	10	investing	investing	NOUN
fsr-3851	83	11	rules	rule	NOUN
fsr-3851	83	12	,	,	PUNCT
fsr-3851	83	13	weekly	weekly	ADJ
fsr-3851	83	14	trading	trading	NOUN
fsr-3851	83	15	and	and	CCONJ
fsr-3851	83	16	rebalanc	rebalanc	NOUN
fsr-3851	83	17	ing	ing	ADJ
fsr-3851	83	18	,	,	PUNCT
fsr-3851	83	19	large	large	ADJ
fsr-3851	83	20	initial	initial	ADJ
fsr-3851	83	21	investments	investment	NOUN
fsr-3851	83	22	,	,	PUNCT
fsr-3851	83	23	or	or	CCONJ
fsr-3851	83	24	short	short	ADJ
fsr-3851	83	25	selling	selling	NOUN
fsr-3851	83	26	.	.	PUNCT
fsr-3851	84	1	in	in	ADP
fsr-3851	84	2	contrast	contrast	NOUN
fsr-3851	84	3	,	,	PUNCT
fsr-3851	84	4	small	small	ADJ
fsr-3851	84	5	investors	investor	NOUN
fsr-3851	84	6	typically	typically	ADV
fsr-3851	84	7	want	want	VERB
fsr-3851	84	8	simple	simple	ADJ
fsr-3851	84	9	trading	trading	NOUN
fsr-3851	84	10	rules	rule	NOUN
fsr-3851	84	11	with	with	ADP
fsr-3851	84	12	a	a	DET
fsr-3851	84	13	minimum	minimum	NOUN
fsr-3851	84	14	of	of	ADP
fsr-3851	84	15	rebalancing	rebalancing	NOUN
fsr-3851	84	16	.	.	PUNCT
fsr-3851	85	1	they	they	PRON
fsr-3851	85	2	lack	lack	VERB
fsr-3851	85	3	the	the	DET
fsr-3851	85	4	time	time	NOUN
fsr-3851	85	5	for	for	ADP
fsr-3851	85	6	frequent	frequent	ADJ
fsr-3851	85	7	trad	trad	NOUN
fsr-3851	85	8	ing	ing	ADJ
fsr-3851	85	9	and	and	CCONJ
fsr-3851	85	10	the	the	DET
fsr-3851	85	11	money	money	NOUN
fsr-3851	85	12	for	for	ADP
fsr-3851	85	13	large	large	ADJ
fsr-3851	85	14	initial	initial	ADJ
fsr-3851	85	15	investments	investment	NOUN
fsr-3851	85	16	.	.	PUNCT
fsr-3851	86	1	small	small	ADJ
fsr-3851	86	2	investors	investor	NOUN
fsr-3851	86	3	are	be	AUX
fsr-3851	86	4	often	often	ADV
fsr-3851	86	5	encouraged	encourage	VERB
fsr-3851	86	6	to	to	PART
fsr-3851	86	7	buy	buy	VERB
fsr-3851	86	8	assets	asset	NOUN
fsr-3851	86	9	and	and	CCONJ
fsr-3851	86	10	hold	hold	VERB
fsr-3851	86	11	them	they	PRON
fsr-3851	86	12	for	for	ADP
fsr-3851	86	13	long	long	ADJ
fsr-3851	86	14	periods	period	NOUN
fsr-3851	86	15	of	of	ADP
fsr-3851	86	16	time	time	NOUN
fsr-3851	86	17	to	to	PART
fsr-3851	86	18	minimize	minimize	VERB
fsr-3851	86	19	transaction	transaction	NOUN
fsr-3851	86	20	costs	cost	NOUN
fsr-3851	86	21	.	.	PUNCT
fsr-3851	87	1	risk	risk	NOUN
fsr-3851	87	2	aver	aver	NOUN
fsr-3851	87	3	sion	sion	PROPN
fsr-3851	87	4	and	and	CCONJ
fsr-3851	87	5	limited	limited	ADJ
fsr-3851	87	6	investment	investment	NOUN
fsr-3851	87	7	knowledge	knowledge	NOUN
fsr-3851	87	8	deter	deter	VERB
fsr-3851	87	9	them	they	PRON
fsr-3851	87	10	from	from	ADP
fsr-3851	87	11	shorting	shorting	NOUN
fsr-3851	87	12	shares	share	NOUN
fsr-3851	87	13	.	.	PUNCT
fsr-3851	88	1	this	this	DET
fsr-3851	88	2	paper	paper	NOUN
fsr-3851	88	3	tests	test	VERB
fsr-3851	88	4	four	four	NUM
fsr-3851	88	5	simple	simple	ADJ
fsr-3851	88	6	trading	trading	NOUN
fsr-3851	88	7	strategies	strategy	NOUN
fsr-3851	88	8	to	to	PART
fsr-3851	88	9	determine	determine	VERB
fsr-3851	88	10	if	if	SCONJ
fsr-3851	88	11	small	small	ADJ
fsr-3851	88	12	investors	investor	NOUN
fsr-3851	88	13	can	can	AUX
fsr-3851	88	14	earn	earn	VERB
fsr-3851	88	15	abnormal	abnormal	ADJ
fsr-3851	88	16	returns	return	NOUN
fsr-3851	88	17	with	with	ADP
fsr-3851	88	18	minimal	minimal	ADJ
fsr-3851	88	19	effort	effort	NOUN
fsr-3851	88	20	.	.	PUNCT
fsr-3851	89	1	they	they	PRON
fsr-3851	89	2	are	be	AUX
fsr-3851	89	3	variations	variation	NOUN
fsr-3851	89	4	of	of	ADP
fsr-3851	89	5	buy	buy	VERB
fsr-3851	89	6	and	and	CCONJ
fsr-3851	89	7	hold	hold	VERB
fsr-3851	89	8	strategies	strategy	NOUN
fsr-3851	89	9	with	with	ADP
fsr-3851	89	10	annual	annual	ADJ
fsr-3851	89	11	rebalanc	rebalanc	NOUN
fsr-3851	89	12	ing	ing	ADJ
fsr-3851	89	13	.	.	PUNCT
fsr-3851	90	1	this	this	PRON
fsr-3851	90	2	allows	allow	VERB
fsr-3851	90	3	the	the	DET
fsr-3851	90	4	investor	investor	NOUN
fsr-3851	90	5	to	to	PART
fsr-3851	90	6	minimize	minimize	VERB
fsr-3851	90	7	transaction	transaction	NOUN
fsr-3851	90	8	and	and	CCONJ
fsr-3851	90	9	monitoring	monitoring	NOUN
fsr-3851	90	10	costs	cost	NOUN
fsr-3851	90	11	.	.	PUNCT
fsr-3851	91	1	they	they	PRON
fsr-3851	91	2	require	require	VERB
fsr-3851	91	3	five	five	NUM
fsr-3851	91	4	or	or	CCONJ
fsr-3851	91	5	fewer	few	ADJ
fsr-3851	91	6	funds	fund	NOUN
fsr-3851	91	7	,	,	PUNCT
fsr-3851	91	8	reducing	reduce	VERB
fsr-3851	91	9	the	the	DET
fsr-3851	91	10	investment	investment	NOUN
fsr-3851	91	11	size	size	NOUN
fsr-3851	91	12	,	,	PUNCT
fsr-3851	91	13	and	and	CCONJ
fsr-3851	91	14	they	they	PRON
fsr-3851	91	15	do	do	AUX
fsr-3851	91	16	not	not	PART
fsr-3851	91	17	involve	involve	VERB
fsr-3851	91	18	shorting	shorting	NOUN
fsr-3851	91	19	ceic	ceic	VERB
fsr-3851	91	20	shares	share	NOUN
fsr-3851	91	21	.	.	PUNCT
fsr-3851	92	1	four	four	NUM
fsr-3851	92	2	investment	investment	NOUN
fsr-3851	92	3	strategies	strategy	NOUN
fsr-3851	92	4	are	be	AUX
fsr-3851	92	5	tested	test	VERB
fsr-3851	92	6	:	:	PUNCT
fsr-3851	92	7	(	(	PUNCT
fsr-3851	92	8	1	1	X
fsr-3851	92	9	)	)	PUNCT
fsr-3851	92	10	single	single	ADJ
fsr-3851	92	11	most	most	ADV
fsr-3851	92	12	discounted	discount	VERB
fsr-3851	92	13	ceic	ceic	VERB
fsr-3851	92	14	;	;	PUNCT
fsr-3851	92	15	(	(	PUNCT
fsr-3851	92	16	2	2	X
fsr-3851	92	17	)	)	PUNCT
fsr-3851	92	18	single	single	ADJ
fsr-3851	92	19	most	most	ADV
fsr-3851	92	20	relatively	relatively	ADV
fsr-3851	92	21	discounted	discount	VERB
fsr-3851	92	22	ceic	ceic	VERB
fsr-3851	92	23	;	;	PUNCT
fsr-3851	92	24	(	(	PUNCT
fsr-3851	92	25	3	3	X
fsr-3851	92	26	)	)	PUNCT
fsr-3851	92	27	five	five	NUM
fsr-3851	92	28	most	most	ADV
fsr-3851	92	29	discounted	discount	VERB
fsr-3851	92	30	ceics	ceic	NOUN
fsr-3851	92	31	;	;	PUNCT
fsr-3851	92	32	and	and	CCONJ
fsr-3851	92	33	(	(	PUNCT
fsr-3851	92	34	4	4	X
fsr-3851	92	35	)	)	PUNCT
fsr-3851	92	36	five	five	NUM
fsr-3851	92	37	most	most	ADV
fsr-3851	92	38	relatively	relatively	ADV
fsr-3851	92	39	discounted	discount	VERB
fsr-3851	92	40	ceics	ceic	NOUN
fsr-3851	92	41	.	.	PUNCT
fsr-3851	93	1	for	for	ADP
fsr-3851	93	2	the	the	DET
fsr-3851	93	3	first	first	ADJ
fsr-3851	93	4	strategy	strategy	NOUN
fsr-3851	93	5	,	,	PUNCT
fsr-3851	93	6	the	the	DET
fsr-3851	93	7	investor	investor	NOUN
fsr-3851	93	8	selects	select	VERB
fsr-3851	93	9	the	the	DET
fsr-3851	93	10	fund	fund	NOUN
fsr-3851	93	11	trading	trading	NOUN
fsr-3851	93	12	at	at	ADP
fsr-3851	93	13	the	the	DET
fsr-3851	93	14	largest	large	ADJ
fsr-3851	93	15	percentage	percentage	NOUN
fsr-3851	93	16	discount	discount	NOUN
fsr-3851	93	17	from	from	ADP
fsr-3851	93	18	the	the	DET
fsr-3851	93	19	nav	nav	NOUN
fsr-3851	93	20	.	.	PUNCT
fsr-3851	94	1	this	this	PRON
fsr-3851	94	2	is	be	AUX
fsr-3851	94	3	the	the	DET
fsr-3851	94	4	most	most	ADV
fsr-3851	94	5	discounted	discount	VERB
fsr-3851	94	6	ceic	ceic	VERB
fsr-3851	94	7	.	.	PUNCT
fsr-3851	95	1	these	these	DET
fsr-3851	95	2	shares	share	NOUN
fsr-3851	95	3	are	be	AUX
fsr-3851	95	4	purchased	purchase	VERB
fsr-3851	95	5	and	and	CCONJ
fsr-3851	95	6	held	hold	VERB
fsr-3851	95	7	for	for	ADP
fsr-3851	95	8	one	one	NUM
fsr-3851	95	9	year	year	NOUN
fsr-3851	95	10	.	.	PUNCT
fsr-3851	96	1	the	the	DET
fsr-3851	96	2	process	process	NOUN
fsr-3851	96	3	is	be	AUX
fsr-3851	96	4	repeated	repeat	VERB
fsr-3851	96	5	at	at	ADP
fsr-3851	96	6	the	the	DET
fsr-3851	96	7	end	end	NOUN
fsr-3851	96	8	of	of	ADP
fsr-3851	96	9	each	each	DET
fsr-3851	96	10	year	year	NOUN
fsr-3851	96	11	.	.	PUNCT
fsr-3851	97	1	if	if	SCONJ
fsr-3851	97	2	the	the	DET
fsr-3851	97	3	year	year	NOUN
fsr-3851	97	4	end	end	NOUN
fsr-3851	97	5	calculations	calculation	NOUN
fsr-3851	97	6	show	show	VERB
fsr-3851	97	7	that	that	SCONJ
fsr-3851	97	8	the	the	DET
fsr-3851	97	9	most	most	ADV
fsr-3851	97	10	discounted	discount	VERB
fsr-3851	97	11	issue	issue	NOUN
fsr-3851	97	12	has	have	AUX
fsr-3851	97	13	changed	change	VERB
fsr-3851	97	14	,	,	PUNCT
fsr-3851	97	15	then	then	ADV
fsr-3851	97	16	the	the	DET
fsr-3851	97	17	original	original	ADJ
fsr-3851	97	18	shares	share	NOUN
fsr-3851	97	19	are	be	AUX
fsr-3851	97	20	sold	sell	VERB
fsr-3851	97	21	and	and	CCONJ
fsr-3851	97	22	the	the	DET
fsr-3851	97	23	new	new	ADJ
fsr-3851	97	24	most	most	ADV
fsr-3851	97	25	discounted	discount	VERB
fsr-3851	97	26	shares	share	NOUN
fsr-3851	97	27	are	be	AUX
fsr-3851	97	28	purchased	purchase	VERB
fsr-3851	97	29	,	,	PUNCT
fsr-3851	97	30	using	use	VERB
fsr-3851	97	31	all	all	PRON
fsr-3851	97	32	of	of	ADP
fsr-3851	97	33	the	the	DET
fsr-3851	97	34	funds	fund	NOUN
fsr-3851	97	35	released	release	VERB
fsr-3851	97	36	by	by	ADP
fsr-3851	97	37	the	the	DET
fsr-3851	97	38	sale	sale	NOUN
fsr-3851	97	39	of	of	ADP
fsr-3851	97	40	the	the	DET
fsr-3851	97	41	old	old	ADJ
fsr-3851	97	42	issue	issue	NOUN
fsr-3851	97	43	.	.	PUNCT
fsr-3851	98	1	86	86	NUM
fsr-3851	98	2	financial	financial	ADJ
fsr-3851	98	3	services	service	NOUN
fsr-3851	98	4	review	review	VERB
fsr-3851	98	5	7(2	7(2	NUM
fsr-3851	98	6	)	)	PUNCT
fsr-3851	99	1	1998	1998	NUM
fsr-3851	99	2	t	t	NOUN
fsr-3851	99	3	h	h	NOUN
fsr-3851	99	4	e	e	NOUN
fsr-3851	99	5	s	s	PROPN
fsr-3851	99	6	e	e	X
fsr-3851	99	7	c	c	NOUN
fsr-3851	99	8	o	o	PROPN
fsr-3851	99	9	n	n	X
fsr-3851	99	10	d	d	PROPN
fsr-3851	99	11	s	s	PROPN
fsr-3851	99	12	t	t	PROPN
fsr-3851	99	13	ra	ra	PROPN
fsr-3851	99	14	tegy	tegy	NOUN
fsr-3851	99	15	i	i	PRON
fsr-3851	99	16	nvo	nvo	PROPN
fsr-3851	99	17	lves	lve	VERB
fsr-3851	99	18	a	a	DET
fsr-3851	99	19	s	s	X
fsr-3851	99	20	imi	imi	PROPN
fsr-3851	99	21	la	la	PROPN
fsr-3851	99	22	r	r	PROPN
fsr-3851	99	23	p	p	PROPN
fsr-3851	99	24	rocess	rocess	ADV
fsr-3851	99	25	,	,	PUNCT
fsr-3851	99	26	excep	excep	VERB
fsr-3851	99	27	t	t	PROPN
fsr-3851	100	1	tha	tha	NOUN
fsr-3851	101	1	t	t	PROPN
fsr-3851	101	2	e	e	PROPN
fsr-3851	101	3	ach	ach	PROPN
fsr-3851	102	1	i	i	PRON
fsr-3851	102	2	s	s	VERB
fsr-3851	102	3	sue	sue	NOUN
fsr-3851	102	4	'	'	PUNCT
fsr-3851	102	5	s	s	PART
fsr-3851	103	1	d	d	X
fsr-3851	103	2	i	i	PRON
fsr-3851	103	3	s	s	PROPN
fsr-3851	103	4	coun	coun	PROPN
fsr-3851	103	5	t	t	PROPN
fsr-3851	103	6	is	be	AUX
fsr-3851	103	7	c	c	NOUN
fsr-3851	103	8	o	o	NOUN
fsr-3851	103	9	m	m	VERB
fsr-3851	103	10	p	p	NOUN
fsr-3851	103	11	a	a	DET
fsr-3851	103	12	r	r	NOUN
fsr-3851	103	13	e	e	NOUN
fsr-3851	103	14	d	d	NOUN
fsr-3851	103	15	to	to	ADP
fsr-3851	103	16	its	its	PRON
fsr-3851	103	17	f	f	NOUN
fsr-3851	103	18	i	i	PRON
fsr-3851	103	19	ve	ve	VERB
fsr-3851	103	20	-yea	-yea	NOUN
fsr-3851	103	21	r	r	NOUN
fsr-3851	103	22	r	r	NOUN
fsr-3851	103	23	u	u	NOUN
fsr-3851	103	24	n	n	CCONJ
fsr-3851	103	25	n	n	NOUN
fsr-3851	103	26	i	i	PRON
fsr-3851	103	27	n	n	CCONJ
fsr-3851	103	28	g	g	NOUN
fsr-3851	103	29	average	average	NOUN
fsr-3851	103	30	.	.	PUNCT
fsr-3851	104	1	t	t	NOUN
fsr-3851	104	2	h	h	NOUN
fsr-3851	104	3	e	e	PROPN
fsr-3851	104	4	issue	issue	NOUN
fsr-3851	104	5	tha	tha	INTJ
fsr-3851	104	6	t	t	PROPN
fsr-3851	104	7	is	be	AUX
fsr-3851	104	8	m	m	VERB
fsr-3851	104	9	o	o	NOUN
fsr-3851	104	10	s	s	NOUN
fsr-3851	104	11	t	t	X
fsr-3851	105	1	d	d	X
fsr-3851	105	2	i	i	PRON
fsr-3851	105	3	s	s	VERB
fsr-3851	105	4	c	c	NOUN
fsr-3851	105	5	o	o	X
fsr-3851	105	6	u	u	NOUN
fsr-3851	105	7	n	n	ADP
fsr-3851	105	8	t	t	X
fsr-3851	105	9	e	e	X
fsr-3851	105	10	d	d	X
fsr-3851	105	11	c	c	X
fsr-3851	106	1	o	o	NOUN
fsr-3851	106	2	m	m	VERB
fsr-3851	106	3	p	p	NOUN
fsr-3851	106	4	a	a	DET
fsr-3851	106	5	r	r	NOUN
fsr-3851	106	6	e	e	NOUN
fsr-3851	106	7	d	d	NOUN
fsr-3851	106	8	to	to	ADP
fsr-3851	106	9	its	its	PRON
fsr-3851	106	10	a	a	DET
fsr-3851	106	11	v	v	NOUN
fsr-3851	106	12	e	e	NOUN
fsr-3851	106	13	r	r	NOUN
fsr-3851	106	14	a	a	DET
fsr-3851	106	15	g	g	NOUN
fsr-3851	106	16	e	e	NOUN
fsr-3851	106	17	is	be	AUX
fsr-3851	106	18	the	the	DET
fsr-3851	106	19	m	m	PROPN
fsr-3851	106	20	o	o	NOUN
fsr-3851	106	21	s	s	NOUN
fsr-3851	106	22	t	t	NOUN
fsr-3851	107	1	relatively	relatively	ADV
fsr-3851	107	2	d	d	ADP
fsr-3851	108	1	i	i	PRON
fsr-3851	108	2	s	s	VERB
fsr-3851	108	3	c	c	NOUN
fsr-3851	108	4	o	o	X
fsr-3851	108	5	u	u	NOUN
fsr-3851	108	6	n	n	ADP
fsr-3851	108	7	t	t	X
fsr-3851	108	8	e	e	X
fsr-3851	108	9	d	d	X
fsr-3851	108	10	ceic	ceic	VERB
fsr-3851	108	11	.	.	PUNCT
fsr-3851	109	1	w	w	NOUN
fsr-3851	109	2	h	h	NOUN
fsr-3851	109	3	e	e	PROPN
fsr-3851	109	4	n	n	CCONJ
fsr-3851	109	5	f	f	PROPN
fsr-3851	110	1	i	i	PRON
fsr-3851	110	2	ve	ve	VERB
fsr-3851	110	3	years	year	NOUN
fsr-3851	111	1	o	o	INTJ
fsr-3851	111	2	f	f	NOUN
fsr-3851	112	1	h	h	NOUN
fsr-3851	113	1	i	i	PRON
fsr-3851	113	2	s	s	AUX
fsr-3851	113	3	to	to	PART
fsr-3851	113	4	ry	ry	VERB
fsr-3851	113	5	are	be	AUX
fsr-3851	113	6	unava	unava	ADJ
fsr-3851	114	1	i	i	PRON
fsr-3851	114	2	l	l	VERB
fsr-3851	114	3	able	able	ADJ
fsr-3851	114	4	,	,	PUNCT
fsr-3851	114	5	the	the	DET
fsr-3851	114	6	r	r	NOUN
fsr-3851	114	7	u	u	NOUN
fsr-3851	114	8	n	n	CCONJ
fsr-3851	114	9	n	n	NOUN
fsr-3851	114	10	i	i	PRON
fsr-3851	114	11	n	n	CCONJ
fsr-3851	114	12	g	g	PROPN
fsr-3851	114	13	ave	ave	NOUN
fsr-3851	114	14	r	r	NOUN
fsr-3851	114	15	age	age	NOUN
fsr-3851	114	16	is	be	AUX
fsr-3851	114	17	ba	ba	PROPN
fsr-3851	114	18	sed	se	VERB
fsr-3851	114	19	on	on	ADP
fsr-3851	114	20	ava	ava	PROPN
fsr-3851	114	21	i	i	PROPN
fsr-3851	114	22	l	l	PROPN
fsr-3851	114	23	ab	ab	PROPN
fsr-3851	114	24	le	le	X
fsr-3851	114	25	data	data	PROPN
fsr-3851	114	26	.	.	PUNCT
fsr-3851	115	1	t	t	PROPN
fsr-3851	115	2	h	h	NOUN
fsr-3851	116	1	e	e	X
fsr-3851	116	2	th	th	X
fsr-3851	116	3	i	i	PRON
fsr-3851	116	4	rd	rd	PROPN
fsr-3851	116	5	and	and	CCONJ
fsr-3851	116	6	four	four	NUM
fsr-3851	116	7	th	th	NOUN
fsr-3851	116	8	s	s	PROPN
fsr-3851	116	9	t	t	PROPN
fsr-3851	116	10	ra	ra	PROPN
fsr-3851	116	11	tegies	tegie	NOUN
fsr-3851	116	12	are	be	AUX
fsr-3851	116	13	mul	mul	PROPN
fsr-3851	116	14	t	t	PROPN
fsr-3851	116	15	ip	ip	NOUN
fsr-3851	116	16	le	le	X
fsr-3851	116	17	fund	fund	PROPN
fsr-3851	116	18	s	s	PROPN
fsr-3851	116	19	t	t	PROPN
fsr-3851	116	20	ra	ra	PROPN
fsr-3851	116	21	tegies	tegie	NOUN
fsr-3851	117	1	tha	tha	INTJ
fsr-3851	118	1	t	t	NOUN
fsr-3851	118	2	i	i	PRON
fsr-3851	118	3	nvo	nvo	PROPN
fsr-3851	118	4	l	l	PROPN
fsr-3851	118	5	ve	ve	VERB
fsr-3851	118	6	se	se	PROPN
fsr-3851	118	7	lec	lec	PROPN
fsr-3851	118	8	t	t	PROPN
fsr-3851	118	9	ing	e	VERB
fsr-3851	118	10	the	the	DET
fsr-3851	118	11	f	f	X
fsr-3851	119	1	i	i	PRON
fsr-3851	119	2	ve	ve	VERB
fsr-3851	119	3	m	m	VERB
fsr-3851	119	4	o	o	NOUN
fsr-3851	119	5	s	s	NOUN
fsr-3851	119	6	t	t	X
fsr-3851	120	1	d	d	X
fsr-3851	120	2	i	i	PRON
fsr-3851	120	3	s	s	VERB
fsr-3851	120	4	c	c	NOUN
fsr-3851	120	5	o	o	X
fsr-3851	120	6	u	u	NOUN
fsr-3851	120	7	n	n	ADP
fsr-3851	120	8	t	t	NOUN
fsr-3851	120	9	e	e	X
fsr-3851	120	10	d	d	NOUN
fsr-3851	120	11	or	or	CCONJ
fsr-3851	120	12	r	r	NOUN
fsr-3851	120	13	e	e	PROPN
fsr-3851	120	14	la	la	PROPN
fsr-3851	120	15	t	t	X
fsr-3851	121	1	i	i	PRON
fsr-3851	121	2	ve	ve	VERB
fsr-3851	121	3	ly	ly	ADP
fsr-3851	122	1	dis	dis	PROPN
fsr-3851	122	2	c	c	NOUN
fsr-3851	122	3	o	o	X
fsr-3851	122	4	u	u	NOUN
fsr-3851	122	5	n	n	ADP
fsr-3851	122	6	t	t	X
fsr-3851	122	7	e	e	X
fsr-3851	122	8	d	d	X
fsr-3851	122	9	funds	fund	NOUN
fsr-3851	122	10	.	.	PUNCT
fsr-3851	123	1	w	w	NOUN
fsr-3851	123	2	h	h	NOUN
fsr-3851	123	3	e	e	PROPN
fsr-3851	123	4	n	n	CCONJ
fsr-3851	123	5	us	us	PROPN
fsr-3851	123	6	ing	ing	PROPN
fsr-3851	123	7	mul	mul	PROPN
fsr-3851	123	8	t	t	PROPN
fsr-3851	123	9	ip	ip	NOUN
fsr-3851	123	10	le	le	X
fsr-3851	123	11	funds	fund	NOUN
fsr-3851	123	12	,	,	PUNCT
fsr-3851	123	13	the	the	DET
fsr-3851	123	14	i	i	PRON
fsr-3851	123	15	nves	nve	VERB
fsr-3851	123	16	to	to	ADP
fsr-3851	123	17	r	r	PROPN
fsr-3851	123	18	ho	ho	PROPN
fsr-3851	123	19	lds	ld	NOUN
fsr-3851	123	20	an	an	DET
fsr-3851	123	21	equa	equa	NOUN
fsr-3851	123	22	l	l	NOUN
fsr-3851	123	23	a	a	DET
fsr-3851	123	24	m	m	NOUN
fsr-3851	123	25	o	o	NOUN
fsr-3851	123	26	u	u	NOUN
fsr-3851	123	27	n	n	ADP
fsr-3851	123	28	t	t	NOUN
fsr-3851	124	1	o	o	X
fsr-3851	125	1	f	f	NOUN
fsr-3851	126	1	all	all	DET
fsr-3851	126	2	f	f	PROPN
fsr-3851	126	3	i	i	PRON
fsr-3851	126	4	ve	ve	VERB
fsr-3851	126	5	funds	fund	NOUN
fsr-3851	126	6	in	in	ADP
fsr-3851	126	7	a	a	DET
fsr-3851	126	8	por	por	NOUN
fsr-3851	126	9	t	t	NOUN
fsr-3851	126	10	fol	fol	X
fsr-3851	126	11	io	io	X
fsr-3851	126	12	.	.	PUNCT
fsr-3851	127	1	c	c	VERB
fsr-3851	127	2	a	a	DET
fsr-3851	127	3	r	r	NOUN
fsr-3851	127	4	r	r	NOUN
fsr-3851	127	5	y	y	NOUN
fsr-3851	127	6	o	o	X
fsr-3851	127	7	v	v	NUM
fsr-3851	127	8	e	e	NOUN
fsr-3851	127	9	r	r	NOUN
fsr-3851	127	10	funds	fund	NOUN
fsr-3851	127	11	are	be	AUX
fsr-3851	127	12	he	he	PRON
fsr-3851	127	13	ld	ld	PROPN
fsr-3851	128	1	w	w	NOUN
fsr-3851	128	2	i	i	PRON
fsr-3851	129	1	t	t	NOUN
fsr-3851	129	2	h	h	NOUN
fsr-3851	130	1	o	o	NOUN
fsr-3851	130	2	u	u	NOUN
fsr-3851	130	3	t	t	NOUN
fsr-3851	130	4	t	t	PROPN
fsr-3851	130	5	r	r	NOUN
fsr-3851	130	6	ansac	ansac	PROPN
fsr-3851	130	7	t	t	NOUN
fsr-3851	130	8	ions	ion	NOUN
fsr-3851	130	9	.	.	PUNCT
fsr-3851	131	1	i	i	PRON
fsr-3851	131	2	f	f	PROPN
fsr-3851	132	1	a	a	DET
fsr-3851	132	2	f	f	PROPN
fsr-3851	132	3	und	und	PROPN
fsr-3851	132	4	is	be	AUX
fsr-3851	132	5	rep	rep	NOUN
fsr-3851	132	6	laced	lace	VERB
fsr-3851	132	7	,	,	PUNCT
fsr-3851	132	8	the	the	DET
fsr-3851	132	9	p	p	NOUN
fsr-3851	132	10	roceeds	roceed	VERB
fsr-3851	132	11	f	f	NOUN
fsr-3851	132	12	r	r	NOUN
fsr-3851	132	13	o	o	NOUN
fsr-3851	132	14	m	m	VERB
fsr-3851	132	15	the	the	DET
fsr-3851	132	16	sale	sale	NOUN
fsr-3851	132	17	o	o	NOUN
fsr-3851	133	1	f	f	NOUN
fsr-3851	134	1	tha	tha	INTJ
fsr-3851	134	2	t	t	NOUN
fsr-3851	134	3	f	f	PROPN
fsr-3851	134	4	und	und	NOUN
fsr-3851	134	5	are	be	AUX
fsr-3851	134	6	e	e	X
fsr-3851	134	7	v	v	X
fsr-3851	134	8	e	e	X
fsr-3851	134	9	n	n	ADP
fsr-3851	134	10	l	l	NOUN
fsr-3851	134	11	y	y	PROPN
fsr-3851	135	1	d	d	NOUN
fsr-3851	135	2	i	i	PRON
fsr-3851	135	3	s	s	PROPN
fsr-3851	135	4	t	t	PROPN
fsr-3851	135	5	r	r	NOUN
fsr-3851	135	6	ibu	ibu	PROPN
fsr-3851	135	7	ted	te	VERB
fsr-3851	135	8	in	in	ADP
fsr-3851	135	9	to	to	ADP
fsr-3851	135	10	the	the	DET
fsr-3851	135	11	n	n	NOUN
fsr-3851	135	12	e	e	NOUN
fsr-3851	135	13	w	w	NOUN
fsr-3851	135	14	funds	fund	NOUN
fsr-3851	135	15	p	p	NOUN
fsr-3851	135	16	laced	lace	VERB
fsr-3851	135	17	in	in	ADP
fsr-3851	135	18	the	the	DET
fsr-3851	135	19	por	por	NOUN
fsr-3851	135	20	t	t	PROPN
fsr-3851	135	21	fol	fol	X
fsr-3851	135	22	io	io	PROPN
fsr-3851	135	23	.	.	PUNCT
fsr-3851	136	1	t	t	PROPN
fsr-3851	136	2	a	a	DET
fsr-3851	136	3	b	b	NOUN
fsr-3851	136	4	l	l	NOUN
fsr-3851	136	5	e	e	NOUN
fsr-3851	136	6	1	1	NUM
fsr-3851	136	7	f	f	PROPN
fsr-3851	136	8	-tes	-tes	PROPN
fsr-3851	136	9	t	t	PROPN
fsr-3851	136	10	for	for	ADP
fsr-3851	136	11	equa	equa	NOUN
fsr-3851	136	12	l	l	NOUN
fsr-3851	136	13	v	v	NOUN
fsr-3851	136	14	a	a	DET
fsr-3851	136	15	r	r	NOUN
fsr-3851	136	16	i	i	PRON
fsr-3851	136	17	a	a	PRON
fsr-3851	136	18	n	n	NOUN
fsr-3851	136	19	c	c	NOUN
fsr-3851	136	20	e	e	NOUN
fsr-3851	136	21	s	s	PROPN
fsr-3851	136	22	fund	fund	NOUN
fsr-3851	136	23	name	name	NOUN
fsr-3851	136	24	classification	classification	NOUN
fsr-3851	136	25	period	period	NOUN
fsr-3851	136	26	of	of	ADP
fsr-3851	136	27	inclusion	inclusion	NOUN
fsr-3851	136	28	adams	adam	NOUN
fsr-3851	136	29	express	express	VERB
fsr-3851	136	30	diversified	diversified	ADJ
fsr-3851	136	31	1971	1971	NUM
fsr-3851	136	32	1995	1995	NUM
fsr-3851	136	33	advance	advance	NOUN
fsr-3851	136	34	investors	investor	NOUN
fsr-3851	136	35	diversified	diversify	VERB
fsr-3851	136	36	1974	1974	NUM
fsr-3851	136	37	-	-	SYM
fsr-3851	136	38	1976	1976	NUM
fsr-3851	136	39	america	america	PROPN
fsr-3851	136	40	south	south	PROPN
fsr-3851	136	41	africa	africa	PROPN
fsr-3851	136	42	(	(	PUNCT
fsr-3851	136	43	asa	asa	PROPN
fsr-3851	136	44	)	)	PUNCT
fsr-3851	136	45	ltd	ltd	PROPN
fsr-3851	136	46	.	.	PROPN
fsr-3851	137	1	specialized	specialized	PROPN
fsr-3851	137	2	1971	1971	NUM
fsr-3851	137	3	1995	1995	NUM
fsr-3851	137	4	american	american	ADJ
fsr-3851	137	5	utility	utility	NOUN
fsr-3851	137	6	shares	share	NOUN
fsr-3851	137	7	specialized	specialize	VERB
fsr-3851	137	8	1973	1973	NUM
fsr-3851	137	9	-	-	SYM
fsr-3851	137	10	1978	1978	NUM
fsr-3851	137	11	carriers	carrier	NOUN
fsr-3851	137	12	-	-	PUNCT
fsr-3851	137	13	general	general	NOUN
fsr-3851	137	14	diversified	diversify	VERB
fsr-3851	137	15	1971	1971	NUM
fsr-3851	137	16	1981	1981	NUM
fsr-3851	137	17	central	central	ADJ
fsr-3851	137	18	fund	fund	NOUN
fsr-3851	137	19	of	of	ADP
fsr-3851	137	20	canada	canada	PROPN
fsr-3851	137	21	international	international	PROPN
fsr-3851	137	22	1988	1988	NUM
fsr-3851	137	23	-	-	SYM
fsr-3851	137	24	1990	1990	NUM
fsr-3851	137	25	central	central	PROPN
fsr-3851	137	26	securities	securities	PROPN
fsr-3851	137	27	corp	corp	PROPN
fsr-3851	137	28	.	.	PROPN
fsr-3851	138	1	specialized	specialized	PROPN
fsr-3851	138	2	1986	1986	NUM
fsr-3851	138	3	-	-	SYM
fsr-3851	138	4	1995	1995	NUM
fsr-3851	138	5	cypress	cypress	PROPN
fsr-3851	138	6	fund	fund	NOUN
fsr-3851	138	7	specialized	specialize	VERB
fsr-3851	138	8	1987	1987	NUM
fsr-3851	138	9	-	-	SYM
fsr-3851	138	10	1990	1990	NUM
fsr-3851	138	11	dominick	dominick	PROPN
fsr-3851	138	12	fund	fund	PROPN
fsr-3851	138	13	,	,	PUNCT
fsr-3851	138	14	inc	inc	PROPN
fsr-3851	138	15	.	.	PROPN
fsr-3851	138	16	,	,	PUNCT
fsr-3851	138	17	the	the	DET
fsr-3851	138	18	diversified	diversified	ADJ
fsr-3851	138	19	197	197	NUM
fsr-3851	138	20	l1974	l1974	PROPN
fsr-3851	138	21	drexel	drexel	PROPN
fsr-3851	138	22	utility	utility	NOUN
fsr-3851	138	23	shares	share	NOUN
fsr-3851	138	24	specialized	specialize	VERB
fsr-3851	138	25	1973	1973	NUM
fsr-3851	138	26	-	-	SYM
fsr-3851	138	27	198	198	NUM
fsr-3851	138	28	l	l	NOUN
fsr-3851	138	29	duff	duff	PROPN
fsr-3851	138	30	&	&	CCONJ
fsr-3851	138	31	phelps	phelps	PROPN
fsr-3851	138	32	sel	sel	PROPN
fsr-3851	138	33	.	.	PUNCT
fsr-3851	139	1	utility	utility	NOUN
fsr-3851	139	2	specialized	specialize	VERB
fsr-3851	139	3	1988	1988	NUM
fsr-3851	139	4	-	-	SYM
fsr-3851	139	5	1990	1990	NUM
fsr-3851	139	6	emerging	emerge	VERB
fsr-3851	139	7	medical	medical	ADJ
fsr-3851	139	8	specialized	specialized	NOUN
fsr-3851	139	9	1986	1986	NUM
fsr-3851	139	10	-	-	SYM
fsr-3851	139	11	1987	1987	NUM
fsr-3851	139	12	first	first	ADJ
fsr-3851	139	13	australia	australia	PROPN
fsr-3851	139	14	international	international	ADJ
fsr-3851	139	15	1987	1987	NUM
fsr-3851	139	16	-	-	SYM
fsr-3851	139	17	1995	1995	NUM
fsr-3851	139	18	general	general	ADJ
fsr-3851	139	19	american	american	ADJ
fsr-3851	139	20	investors	investor	NOUN
fsr-3851	139	21	diversified	diversify	VERB
fsr-3851	139	22	1971	1971	NUM
fsr-3851	139	23	-	-	SYM
fsr-3851	139	24	1994	1994	NUM
fsr-3851	139	25	germany	germany	PROPN
fsr-3851	139	26	fund	fund	PROPN
fsr-3851	139	27	international	international	ADJ
fsr-3851	139	28	1987	1987	NUM
fsr-3851	139	29	-	-	SYM
fsr-3851	139	30	1995	1995	NUM
fsr-3851	139	31	griesedieck	griesedieck	PROPN
fsr-3851	139	32	co.	co.	PROPN
fsr-3851	139	33	,	,	PUNCT
fsr-3851	139	34	the	the	DET
fsr-3851	139	35	diversified	diversify	VERB
fsr-3851	139	36	1971	1971	NUM
fsr-3851	139	37	1975	1975	NUM
fsr-3851	139	38	highland	highland	PROPN
fsr-3851	139	39	capital	capital	PROPN
fsr-3851	139	40	corp	corp	PROPN
fsr-3851	139	41	.	.	PROPN
fsr-3851	139	42	specialized	specialized	PROPN
fsr-3851	139	43	1976	1976	NUM
fsr-3851	139	44	-	-	SYM
fsr-3851	139	45	1982	1982	NUM
fsr-3851	139	46	international	international	ADJ
fsr-3851	139	47	holdings	holding	NOUN
fsr-3851	139	48	diversified	diversify	VERB
fsr-3851	139	49	1971	1971	NUM
fsr-3851	139	50	1975	1975	NUM
fsr-3851	139	51	japan	japan	PROPN
fsr-3851	139	52	fund	fund	PROPN
fsr-3851	139	53	,	,	PUNCT
fsr-3851	139	54	inc	inc	PROPN
fsr-3851	139	55	.	.	PROPN
fsr-3851	139	56	,	,	PUNCT
fsr-3851	139	57	the	the	DET
fsr-3851	139	58	international	international	ADJ
fsr-3851	139	59	1971	1971	NUM
fsr-3851	139	60	-	-	SYM
fsr-3851	139	61	1987	1987	NUM
fsr-3851	139	62	keystone	keystone	PROPN
fsr-3851	139	63	inc	inc	PROPN
fsr-3851	139	64	.	.	PROPN
fsr-3851	140	1	specialized	specialized	PROPN
fsr-3851	140	2	1973	1973	NUM
fsr-3851	140	3	-	-	SYM
fsr-3851	140	4	1977	1977	NUM
fsr-3851	140	5	korea	korea	PROPN
fsr-3851	140	6	fund	fund	PROPN
fsr-3851	140	7	international	international	PROPN
fsr-3851	140	8	1986	1986	NUM
fsr-3851	140	9	-	-	SYM
fsr-3851	140	10	1995	1995	NUM
fsr-3851	140	11	lehman	lehman	PROPN
fsr-3851	140	12	corp	corp	PROPN
fsr-3851	140	13	.	.	PROPN
fsr-3851	140	14	,	,	PUNCT
fsr-3851	140	15	the	the	DET
fsr-3851	140	16	diversified	diversify	VERB
fsr-3851	140	17	1971	1971	NUM
fsr-3851	140	18	1990	1990	NUM
fsr-3851	140	19	madison	madison	PROPN
fsr-3851	140	20	fund	fund	PROPN
fsr-3851	140	21	,	,	PUNCT
fsr-3851	140	22	inc	inc	PROPN
fsr-3851	140	23	.	.	PROPN
fsr-3851	140	24	diversified	diversify	VERB
fsr-3851	140	25	1971	1971	NUM
fsr-3851	140	26	1982	1982	NUM
fsr-3851	140	27	malaysia	malaysia	PROPN
fsr-3851	140	28	fund	fund	PROPN
fsr-3851	140	29	international	international	ADJ
fsr-3851	140	30	1988	1988	NUM
fsr-3851	140	31	-	-	SYM
fsr-3851	140	32	1990	1990	NUM
fsr-3851	140	33	mexico	mexico	PROPN
fsr-3851	140	34	fund	fund	NOUN
fsr-3851	140	35	international	international	ADJ
fsr-3851	140	36	1987	1987	NUM
fsr-3851	140	37	-	-	SYM
fsr-3851	140	38	1990	1990	NUM
fsr-3851	140	39	national	national	PROPN
fsr-3851	140	40	aviation	aviation	PROPN
fsr-3851	140	41	corp	corp	PROPN
fsr-3851	140	42	.	.	PROPN
fsr-3851	140	43	specialized	specialized	PROPN
fsr-3851	140	44	1971	1971	NUM
fsr-3851	140	45	1979	1979	NUM
fsr-3851	140	46	nautilus	nautilus	PROPN
fsr-3851	140	47	fund	fund	NOUN
fsr-3851	140	48	diversified	diversify	VERB
fsr-3851	140	49	1980	1980	NUM
fsr-3851	140	50	-	-	SYM
fsr-3851	140	51	1985	1985	NUM
fsr-3851	140	52	niagara	niagara	PROPN
fsr-3851	140	53	share	share	PROPN
fsr-3851	140	54	corp	corp	PROPN
fsr-3851	140	55	.	.	PROPN
fsr-3851	140	56	diversified	diversify	VERB
fsr-3851	140	57	197	197	NUM
fsr-3851	140	58	l1990	l1990	ADJ
fsr-3851	140	59	petroleum	petroleum	PROPN
fsr-3851	140	60	&	&	CCONJ
fsr-3851	140	61	resources	resources	PROPN
fsr-3851	140	62	corporation	corporation	PROPN
fsr-3851	140	63	specialized	specialize	VERB
fsr-3851	140	64	1971	1971	NUM
fsr-3851	140	65	-	-	SYM
fsr-3851	140	66	1995	1995	NUM
fsr-3851	140	67	pilgrim	pilgrim	PROPN
fsr-3851	140	68	regional	regional	ADJ
fsr-3851	140	69	specialized	specialized	ADJ
fsr-3851	140	70	1987	1987	NUM
fsr-3851	140	71	-	-	SYM
fsr-3851	140	72	1995	1995	NUM
fsr-3851	140	73	precious	precious	ADJ
fsr-3851	140	74	metals	metal	NOUN
fsr-3851	140	75	specialized	specialize	VERB
fsr-3851	140	76	1975	1975	NUM
fsr-3851	140	77	-	-	SYM
fsr-3851	140	78	1983	1983	NUM
fsr-3851	140	79	providence	providence	NOUN
fsr-3851	140	80	investors	investor	NOUN
fsr-3851	140	81	,	,	PUNCT
fsr-3851	140	82	inc	inc	PROPN
fsr-3851	140	83	.	.	PROPN
fsr-3851	140	84	diversified	diversify	VERB
fsr-3851	140	85	1971	1971	NUM
fsr-3851	140	86	-	-	SYM
fsr-3851	140	87	1976	1976	NUM
fsr-3851	140	88	reit	reit	PROPN
fsr-3851	140	89	income	income	NOUN
fsr-3851	140	90	fund	fund	NOUN
fsr-3851	140	91	specialized	specialize	VERB
fsr-3851	140	92	1973	1973	NUM
fsr-3851	140	93	-	-	SYM
fsr-3851	140	94	1980	1980	NUM
fsr-3851	140	95	s	s	NOUN
fsr-3851	140	96	-	-	PUNCT
fsr-3851	140	97	g	g	NOUN
fsr-3851	140	98	securities	securities	PROPN
fsr-3851	140	99	,	,	PUNCT
fsr-3851	140	100	inc	inc	PROPN
fsr-3851	140	101	.	.	PROPN
fsr-3851	140	102	specialized	specialized	PROPN
fsr-3851	140	103	1974	1974	NUM
fsr-3851	140	104	-	-	SYM
fsr-3851	140	105	1979	1979	NUM
fsr-3851	140	106	source	source	NOUN
fsr-3851	140	107	diversified	diversify	VERB
fsr-3851	140	108	1975	1975	NUM
fsr-3851	140	109	-	-	SYM
fsr-3851	140	110	1995	1995	NUM
fsr-3851	140	111	surveyor	surveyor	NOUN
fsr-3851	140	112	fund	fund	NOUN
fsr-3851	140	113	specialized	specialized	PROPN
fsr-3851	140	114	1971	1971	NUM
fsr-3851	140	115	1973	1973	NUM
fsr-3851	140	116	thai	thai	PROPN
fsr-3851	140	117	fund	fund	PROPN
fsr-3851	140	118	international	international	PROPN
fsr-3851	140	119	1989	1989	NUM
fsr-3851	140	120	-	-	SYM
fsr-3851	140	121	1990	1990	NUM
fsr-3851	140	122	tri	tri	ADJ
fsr-3851	140	123	-	-	PROPN
fsr-3851	140	124	continental	continental	PROPN
fsr-3851	140	125	corp	corp	PROPN
fsr-3851	140	126	.	.	PROPN
fsr-3851	140	127	diversified	diversify	VERB
fsr-3851	140	128	1971	1971	NUM
fsr-3851	140	129	1995	1995	NUM
fsr-3851	140	130	u.s	u.s	PROPN
fsr-3851	140	131	.	.	PROPN
fsr-3851	140	132	&	&	CCONJ
fsr-3851	140	133	foreign	foreign	PROPN
fsr-3851	140	134	securities	securities	PROPN
fsr-3851	140	135	corp	corp	PROPN
fsr-3851	140	136	.	.	PROPN
fsr-3851	141	1	diversified	diversify	VERB
fsr-3851	141	2	1971	1971	NUM
fsr-3851	141	3	-	-	SYM
fsr-3851	141	4	1984	1984	NUM
fsr-3851	141	5	value	value	NOUN
fsr-3851	141	6	line	line	NOUN
fsr-3851	141	7	development	development	NOUN
fsr-3851	141	8	specialized	specialize	VERB
fsr-3851	141	9	1976	1976	NUM
fsr-3851	141	10	-	-	SYM
fsr-3851	141	11	1979	1979	NUM
fsr-3851	141	12	zweig	zweig	NOUN
fsr-3851	141	13	fund	fund	NOUN
fsr-3851	141	14	diversified	diversify	VERB
fsr-3851	141	15	1987	1987	NUM
fsr-3851	141	16	-	-	SYM
fsr-3851	141	17	1995	1995	NUM
fsr-3851	141	18	closed.end	closed.end	X
fsr-3851	141	19	investment	investment	NOUN
fsr-3851	141	20	companies	company	NOUN
fsr-3851	141	21	87	87	NUM
fsr-3851	141	22	if	if	SCONJ
fsr-3851	141	23	funds	fund	NOUN
fsr-3851	141	24	that	that	PRON
fsr-3851	141	25	subsequently	subsequently	ADV
fsr-3851	141	26	liquidate	liquidate	VERB
fsr-3851	141	27	or	or	CCONJ
fsr-3851	141	28	open	open	ADJ
fsr-3851	141	29	-	-	PUNCT
fsr-3851	141	30	end	end	NOUN
fsr-3851	141	31	have	have	VERB
fsr-3851	141	32	larger	large	ADJ
fsr-3851	141	33	discounts	discount	NOUN
fsr-3851	141	34	than	than	ADP
fsr-3851	141	35	those	those	PRON
fsr-3851	141	36	that	that	PRON
fsr-3851	141	37	do	do	VERB
fsr-3851	141	38	not	not	PART
fsr-3851	141	39	,	,	PUNCT
fsr-3851	141	40	our	our	PRON
fsr-3851	141	41	strategies	strategy	NOUN
fsr-3851	141	42	would	would	AUX
fsr-3851	141	43	tend	tend	VERB
fsr-3851	141	44	to	to	PART
fsr-3851	141	45	pick	pick	VERB
fsr-3851	141	46	these	these	DET
fsr-3851	141	47	funds	fund	NOUN
fsr-3851	141	48	.	.	PUNCT
fsr-3851	142	1	if	if	SCONJ
fsr-3851	142	2	we	we	PRON
fsr-3851	142	3	find	find	VERB
fsr-3851	142	4	positive	positive	ADJ
fsr-3851	142	5	abnormal	abnormal	ADJ
fsr-3851	142	6	returns	return	NOUN
fsr-3851	142	7	,	,	PUNCT
fsr-3851	142	8	it	it	PRON
fsr-3851	142	9	could	could	AUX
fsr-3851	142	10	be	be	AUX
fsr-3851	142	11	due	due	ADJ
fsr-3851	142	12	to	to	ADP
fsr-3851	142	13	the	the	DET
fsr-3851	142	14	influence	influence	NOUN
fsr-3851	142	15	of	of	ADP
fsr-3851	142	16	these	these	DET
fsr-3851	142	17	funds	fund	NOUN
fsr-3851	142	18	on	on	ADP
fsr-3851	142	19	the	the	DET
fsr-3851	142	20	results	result	NOUN
fsr-3851	142	21	.	.	PUNCT
fsr-3851	143	1	since	since	SCONJ
fsr-3851	143	2	the	the	DET
fsr-3851	143	3	focus	focus	NOUN
fsr-3851	143	4	of	of	ADP
fsr-3851	143	5	the	the	DET
fsr-3851	143	6	paper	paper	NOUN
fsr-3851	143	7	is	be	AUX
fsr-3851	143	8	making	make	VERB
fsr-3851	143	9	abnormal	abnormal	ADJ
fsr-3851	143	10	profits	profit	NOUN
fsr-3851	143	11	using	use	VERB
fsr-3851	143	12	a	a	DET
fsr-3851	143	13	simple	simple	ADJ
fsr-3851	143	14	trading	trading	NOUN
fsr-3851	143	15	rule	rule	NOUN
fsr-3851	143	16	,	,	PUNCT
fsr-3851	143	17	this	this	PRON
fsr-3851	143	18	would	would	AUX
fsr-3851	143	19	support	support	VERB
fsr-3851	143	20	the	the	DET
fsr-3851	143	21	use	use	NOUN
fsr-3851	143	22	of	of	ADP
fsr-3851	143	23	our	our	PRON
fsr-3851	143	24	rules	rule	NOUN
fsr-3851	143	25	rather	rather	ADV
fsr-3851	143	26	than	than	ADP
fsr-3851	143	27	detract	detract	VERB
fsr-3851	143	28	from	from	ADP
fsr-3851	143	29	them	they	PRON
fsr-3851	143	30	.	.	PUNCT
fsr-3851	144	1	the	the	DET
fsr-3851	144	2	data	datum	NOUN
fsr-3851	144	3	set	set	VERB
fsr-3851	144	4	consists	consist	NOUN
fsr-3851	144	5	of	of	ADP
fsr-3851	144	6	funds	fund	NOUN
fsr-3851	144	7	from	from	ADP
fsr-3851	144	8	the	the	DET
fsr-3851	144	9	weisenberger	weisenberger	NOUN
fsr-3851	144	10	investment	investment	NOUN
fsr-3851	144	11	company	company	NOUN
fsr-3851	144	12	survey	survey	NOUN
fsr-3851	144	13	(	(	PUNCT
fsr-3851	144	14	1965	1965	NUM
fsr-3851	144	15	-	-	SYM
fsr-3851	144	16	1990	1990	NUM
fsr-3851	144	17	)	)	PUNCT
fsr-3851	144	18	defined	define	VERB
fsr-3851	144	19	as	as	ADP
fsr-3851	144	20	"	"	PUNCT
fsr-3851	144	21	specialized	specialized	ADJ
fsr-3851	144	22	,	,	PUNCT
fsr-3851	144	23	"	"	PUNCT
fsr-3851	144	24	"	"	PUNCT
fsr-3851	144	25	international	international	ADJ
fsr-3851	144	26	"	"	PUNCT
fsr-3851	144	27	or	or	CCONJ
fsr-3851	144	28	"	"	PUNCT
fsr-3851	144	29	diversified	diversified	ADJ
fsr-3851	144	30	.	.	PUNCT
fsr-3851	144	31	"	"	PUNCT
fsr-3851	145	1	specialized	specialized	ADJ
fsr-3851	145	2	funds	fund	NOUN
fsr-3851	145	3	consist	consist	VERB
fsr-3851	145	4	predominantly	predominantly	ADV
fsr-3851	145	5	of	of	ADP
fsr-3851	145	6	securities	security	NOUN
fsr-3851	145	7	from	from	ADP
fsr-3851	145	8	one	one	NUM
fsr-3851	145	9	industry	industry	NOUN
fsr-3851	145	10	or	or	CCONJ
fsr-3851	145	11	group	group	NOUN
fsr-3851	145	12	of	of	ADP
fsr-3851	145	13	closely	closely	ADV
fsr-3851	145	14	related	relate	VERB
fsr-3851	145	15	industries	industry	NOUN
fsr-3851	145	16	,	,	PUNCT
fsr-3851	145	17	or	or	CCONJ
fsr-3851	145	18	stocks	stock	NOUN
fsr-3851	145	19	of	of	ADP
fsr-3851	145	20	a	a	DET
fsr-3851	145	21	specific	specific	ADJ
fsr-3851	145	22	type	type	NOUN
fsr-3851	145	23	(	(	PUNCT
fsr-3851	145	24	i.e.	i.e.	X
fsr-3851	145	25	,	,	PUNCT
fsr-3851	145	26	letter	letter	NOUN
fsr-3851	145	27	stock	stock	NOUN
fsr-3851	145	28	)	)	PUNCT
fsr-3851	145	29	.	.	PUNCT
fsr-3851	146	1	international	international	ADJ
fsr-3851	146	2	funds	fund	NOUN
fsr-3851	146	3	invest	invest	VERB
fsr-3851	146	4	chiefly	chiefly	ADV
fsr-3851	146	5	in	in	ADP
fsr-3851	146	6	the	the	DET
fsr-3851	146	7	secu	secu	PROPN
fsr-3851	146	8	rities	ritie	NOUN
fsr-3851	146	9	of	of	ADP
fsr-3851	146	10	foreign	foreign	ADJ
fsr-3851	146	11	companies	company	NOUN
fsr-3851	146	12	.	.	PUNCT
fsr-3851	147	1	diversified	diversify	VERB
fsr-3851	147	2	funds	fund	NOUN
fsr-3851	147	3	hold	hold	VERB
fsr-3851	147	4	a	a	DET
fsr-3851	147	5	well	well	ADV
fsr-3851	147	6	-	-	PUNCT
fsr-3851	147	7	diversified	diversify	VERB
fsr-3851	147	8	portfolio	portfolio	NOUN
fsr-3851	147	9	of	of	ADP
fsr-3851	147	10	invest	invest	VERB
fsr-3851	147	11	ments	ment	NOUN
fsr-3851	147	12	.	.	PUNCT
fsr-3851	148	1	due	due	ADP
fsr-3851	148	2	to	to	ADP
fsr-3851	148	3	changes	change	NOUN
fsr-3851	148	4	in	in	ADP
fsr-3851	148	5	reporting	reporting	NOUN
fsr-3851	148	6	by	by	ADP
fsr-3851	148	7	weisenberger	weisenberger	NOUN
fsr-3851	148	8	,	,	PUNCT
fsr-3851	148	9	the	the	DET
fsr-3851	148	10	s&p	s&p	PROPN
fsr-3851	148	11	nyse	nyse	PROPN
fsr-3851	148	12	stock	stock	PROPN
fsr-3851	148	13	reports	report	NOUN
fsr-3851	148	14	(	(	PUNCT
fsr-3851	148	15	1995	1995	NUM
fsr-3851	148	16	1996	1996	NUM
fsr-3851	148	17	)	)	PUNCT
fsr-3851	148	18	are	be	AUX
fsr-3851	148	19	used	use	VERB
fsr-3851	148	20	for	for	ADP
fsr-3851	148	21	the	the	DET
fsr-3851	148	22	1991	1991	NUM
fsr-3851	148	23	-	-	SYM
fsr-3851	148	24	1995	1995	NUM
fsr-3851	148	25	data	datum	NOUN
fsr-3851	148	26	.	.	PUNCT
fsr-3851	149	1	the	the	DET
fsr-3851	149	2	final	final	ADJ
fsr-3851	149	3	database	database	NOUN
fsr-3851	149	4	includes	include	VERB
fsr-3851	149	5	41	41	NUM
fsr-3851	149	6	funds	fund	NOUN
fsr-3851	149	7	:	:	PUNCT
fsr-3851	149	8	17	17	NUM
fsr-3851	149	9	specialized	specialized	ADJ
fsr-3851	149	10	,	,	PUNCT
fsr-3851	149	11	8	8	NUM
fsr-3851	149	12	international	international	ADJ
fsr-3851	149	13	,	,	PUNCT
fsr-3851	149	14	and	and	CCONJ
fsr-3851	149	15	16	16	NUM
fsr-3851	149	16	diversi	diversi	NOUN
fsr-3851	149	17	fied	fie	VERB
fsr-3851	149	18	.	.	PUNCT
fsr-3851	150	1	a	a	DET
fsr-3851	150	2	complete	complete	ADJ
fsr-3851	150	3	listing	listing	NOUN
fsr-3851	150	4	of	of	ADP
fsr-3851	150	5	the	the	DET
fsr-3851	150	6	funds	fund	NOUN
fsr-3851	150	7	originally	originally	ADV
fsr-3851	150	8	included	include	VERB
fsr-3851	150	9	in	in	ADP
fsr-3851	150	10	the	the	DET
fsr-3851	150	11	database	database	NOUN
fsr-3851	150	12	is	be	AUX
fsr-3851	150	13	provided	provide	VERB
fsr-3851	150	14	in	in	ADP
fsr-3851	150	15	table	table	NOUN
fsr-3851	150	16	1	1	NUM
fsr-3851	150	17	.	.	PUNCT
fsr-3851	151	1	the	the	DET
fsr-3851	151	2	data	data	NOUN
fsr-3851	151	3	spans	span	VERB
fsr-3851	151	4	december	december	PROPN
fsr-3851	151	5	31	31	NUM
fsr-3851	151	6	,	,	PUNCT
fsr-3851	151	7	1965	1965	NUM
fsr-3851	151	8	,	,	PUNCT
fsr-3851	151	9	to	to	ADP
fsr-3851	151	10	december	december	PROPN
fsr-3851	151	11	31	31	NUM
fsr-3851	151	12	,	,	PUNCT
fsr-3851	151	13	1995	1995	NUM
fsr-3851	151	14	.	.	PUNCT
fsr-3851	152	1	five	five	NUM
fsr-3851	152	2	years	year	NOUN
fsr-3851	152	3	of	of	ADP
fsr-3851	152	4	data	datum	NOUN
fsr-3851	152	5	are	be	AUX
fsr-3851	152	6	needed	need	VERB
fsr-3851	152	7	to	to	PART
fsr-3851	152	8	construct	construct	VERB
fsr-3851	152	9	the	the	DET
fsr-3851	152	10	relatively	relatively	ADV
fsr-3851	152	11	most	most	ADV
fsr-3851	152	12	discounted	discount	VERB
fsr-3851	152	13	strategies	strategy	NOUN
fsr-3851	152	14	,	,	PUNCT
fsr-3851	152	15	thus	thus	ADV
fsr-3851	152	16	all	all	DET
fsr-3851	152	17	trading	trading	NOUN
fsr-3851	152	18	strategies	strategy	NOUN
fsr-3851	152	19	begin	begin	VERB
fsr-3851	152	20	at	at	ADP
fsr-3851	152	21	year	year	NOUN
fsr-3851	152	22	-	-	PUNCT
fsr-3851	152	23	end	end	NOUN
fsr-3851	152	24	1970	1970	NUM
fsr-3851	152	25	and	and	CCONJ
fsr-3851	152	26	end	end	VERB
fsr-3851	152	27	at	at	ADP
fsr-3851	152	28	year	year	NOUN
fsr-3851	152	29	-	-	PUNCT
fsr-3851	152	30	end	end	NOUN
fsr-3851	152	31	1995	1995	NUM
fsr-3851	152	32	.	.	PUNCT
fsr-3851	153	1	the	the	DET
fsr-3851	153	2	data	datum	NOUN
fsr-3851	153	3	collected	collect	VERB
fsr-3851	153	4	for	for	ADP
fsr-3851	153	5	each	each	DET
fsr-3851	153	6	fund	fund	NOUN
fsr-3851	153	7	includes	include	VERB
fsr-3851	153	8	classification	classification	NOUN
fsr-3851	153	9	,	,	PUNCT
fsr-3851	153	10	year	year	NOUN
fsr-3851	153	11	-	-	PUNCT
fsr-3851	153	12	end	end	NOUN
fsr-3851	153	13	price	price	NOUN
fsr-3851	153	14	and	and	CCONJ
fsr-3851	153	15	discount	discount	NOUN
fsr-3851	153	16	,	,	PUNCT
fsr-3851	153	17	and	and	CCONJ
fsr-3851	153	18	distributions	distribution	NOUN
fsr-3851	153	19	during	during	ADP
fsr-3851	153	20	the	the	DET
fsr-3851	153	21	year	year	NOUN
fsr-3851	153	22	.	.	PUNCT
fsr-3851	154	1	capital	capital	NOUN
fsr-3851	154	2	gains	gain	NOUN
fsr-3851	154	3	distributions	distribution	NOUN
fsr-3851	154	4	are	be	AUX
fsr-3851	154	5	included	include	VERB
fsr-3851	154	6	as	as	ADP
fsr-3851	154	7	distributions	distribution	NOUN
fsr-3851	154	8	.	.	PUNCT
fsr-3851	155	1	the	the	DET
fsr-3851	155	2	year	year	NOUN
fsr-3851	155	3	-	-	PUNCT
fsr-3851	155	4	end	end	NOUN
fsr-3851	155	5	price	price	NOUN
fsr-3851	155	6	is	be	AUX
fsr-3851	155	7	the	the	DET
fsr-3851	155	8	actual	actual	ADJ
fsr-3851	155	9	transaction	transaction	NOUN
fsr-3851	155	10	price	price	NOUN
fsr-3851	155	11	.	.	PUNCT
fsr-3851	156	1	for	for	ADP
fsr-3851	156	2	informational	informational	ADJ
fsr-3851	156	3	purposes	purpose	NOUN
fsr-3851	156	4	,	,	PUNCT
fsr-3851	156	5	results	result	NOUN
fsr-3851	156	6	are	be	AUX
fsr-3851	156	7	provided	provide	VERB
fsr-3851	156	8	for	for	ADP
fsr-3851	156	9	four	four	NUM
fsr-3851	156	10	"	"	PUNCT
fsr-3851	156	11	pooled	pool	VERB
fsr-3851	156	12	"	"	PUNCT
fsr-3851	156	13	portfolios	portfolio	NOUN
fsr-3851	156	14	:	:	PUNCT
fsr-3851	156	15	(	(	PUNCT
fsr-3851	156	16	1	1	X
fsr-3851	156	17	)	)	PUNCT
fsr-3851	156	18	all	all	DET
fsr-3851	156	19	specialized	specialized	ADJ
fsr-3851	156	20	funds	fund	NOUN
fsr-3851	156	21	;	;	PUNCT
fsr-3851	156	22	(	(	PUNCT
fsr-3851	156	23	2	2	X
fsr-3851	156	24	)	)	PUNCT
fsr-3851	156	25	all	all	DET
fsr-3851	156	26	diversified	diversified	ADJ
fsr-3851	156	27	funds	fund	NOUN
fsr-3851	156	28	;	;	PUNCT
fsr-3851	156	29	(	(	PUNCT
fsr-3851	156	30	3	3	X
fsr-3851	156	31	)	)	PUNCT
fsr-3851	156	32	all	all	DET
fsr-3851	156	33	international	international	ADJ
fsr-3851	156	34	funds	fund	NOUN
fsr-3851	156	35	;	;	PUNCT
fsr-3851	156	36	and	and	CCONJ
fsr-3851	156	37	(	(	PUNCT
fsr-3851	156	38	4	4	X
fsr-3851	156	39	)	)	PUNCT
fsr-3851	156	40	all	all	DET
fsr-3851	156	41	funds	fund	NOUN
fsr-3851	156	42	(	(	PUNCT
fsr-3851	156	43	aggregate	aggregate	NOUN
fsr-3851	156	44	)	)	PUNCT
fsr-3851	156	45	.	.	PUNCT
fsr-3851	157	1	since	since	SCONJ
fsr-3851	157	2	these	these	DET
fsr-3851	157	3	portfolios	portfolio	NOUN
fsr-3851	157	4	are	be	AUX
fsr-3851	157	5	for	for	ADP
fsr-3851	157	6	comparative	comparative	ADJ
fsr-3851	157	7	purposes	purpose	NOUN
fsr-3851	157	8	and	and	CCONJ
fsr-3851	157	9	assume	assume	VERB
fsr-3851	157	10	rebalancing	rebalancing	NOUN
fsr-3851	157	11	each	each	DET
fsr-3851	157	12	year	year	NOUN
fsr-3851	157	13	,	,	PUNCT
fsr-3851	157	14	they	they	PRON
fsr-3851	157	15	are	be	AUX
fsr-3851	157	16	assessed	assess	VERB
fsr-3851	157	17	transaction	transaction	NOUN
fsr-3851	157	18	costs	cost	NOUN
fsr-3851	157	19	annually	annually	ADV
fsr-3851	157	20	at	at	ADP
fsr-3851	157	21	the	the	DET
fsr-3851	157	22	full	full	ADJ
fsr-3851	157	23	value	value	NOUN
fsr-3851	157	24	of	of	ADP
fsr-3851	157	25	the	the	DET
fsr-3851	157	26	portfolio	portfolio	NOUN
fsr-3851	157	27	.	.	PUNCT
fsr-3851	158	1	this	this	PRON
fsr-3851	158	2	is	be	AUX
fsr-3851	158	3	necessary	necessary	ADJ
fsr-3851	158	4	to	to	PART
fsr-3851	158	5	avoid	avoid	VERB
fsr-3851	158	6	complex	complex	ADJ
fsr-3851	158	7	distribution	distribution	NOUN
fsr-3851	158	8	decision	decision	NOUN
fsr-3851	158	9	processes	process	NOUN
fsr-3851	158	10	that	that	PRON
fsr-3851	158	11	,	,	PUNCT
fsr-3851	158	12	in	in	ADP
fsr-3851	158	13	the	the	DET
fsr-3851	158	14	end	end	NOUN
fsr-3851	158	15	,	,	PUNCT
fsr-3851	158	16	would	would	AUX
fsr-3851	158	17	appear	appear	VERB
fsr-3851	158	18	arbitrary	arbitrary	ADJ
fsr-3851	158	19	and	and	CCONJ
fsr-3851	158	20	would	would	AUX
fsr-3851	158	21	cloud	cloud	VERB
fsr-3851	158	22	the	the	DET
fsr-3851	158	23	results	result	NOUN
fsr-3851	158	24	of	of	ADP
fsr-3851	158	25	the	the	DET
fsr-3851	158	26	strategies	strategy	NOUN
fsr-3851	158	27	above	above	ADV
fsr-3851	158	28	.	.	PUNCT
fsr-3851	159	1	for	for	ADP
fsr-3851	159	2	comparative	comparative	ADJ
fsr-3851	159	3	purposes	purpose	NOUN
fsr-3851	159	4	the	the	DET
fsr-3851	159	5	s&p	s&p	PROPN
fsr-3851	159	6	500	500	NUM
fsr-3851	159	7	index	index	NOUN
fsr-3851	159	8	is	be	AUX
fsr-3851	159	9	also	also	ADV
fsr-3851	159	10	presented	present	VERB
fsr-3851	159	11	.	.	PUNCT
fsr-3851	160	1	data	datum	NOUN
fsr-3851	160	2	for	for	ADP
fsr-3851	160	3	the	the	DET
fsr-3851	160	4	s&p	s&p	PROPN
fsr-3851	160	5	500	500	NUM
fsr-3851	160	6	index	index	NOUN
fsr-3851	160	7	comes	come	VERB
fsr-3851	160	8	from	from	ADP
fsr-3851	160	9	the	the	DET
fsr-3851	160	10	s&p	s&p	PROPN
fsr-3851	160	11	security	security	NOUN
fsr-3851	160	12	price	price	NOUN
fsr-3851	160	13	index	index	NOUN
fsr-3851	160	14	record	record	NOUN
fsr-3851	160	15	and	and	CCONJ
fsr-3851	160	16	the	the	DET
fsr-3851	160	17	s&p	s&p	PROPN
fsr-3851	160	18	stock	stock	NOUN
fsr-3851	160	19	market	market	NOUN
fsr-3851	160	20	ency	ency	NOUN
fsr-3851	160	21	clopedia	clopedia	NOUN
fsr-3851	160	22	.	.	PUNCT
fsr-3851	161	1	the	the	DET
fsr-3851	161	2	investor	investor	NOUN
fsr-3851	161	3	starts	start	VERB
fsr-3851	161	4	at	at	ADP
fsr-3851	161	5	year	year	NOUN
fsr-3851	161	6	-	-	PUNCT
fsr-3851	161	7	end	end	NOUN
fsr-3851	161	8	1970	1970	NUM
fsr-3851	161	9	by	by	ADP
fsr-3851	161	10	purchasing	purchase	VERB
fsr-3851	161	11	the	the	DET
fsr-3851	161	12	s&p	s&p	PROPN
fsr-3851	161	13	500	500	NUM
fsr-3851	161	14	index	index	NOUN
fsr-3851	161	15	,	,	PUNCT
fsr-3851	161	16	which	which	PRON
fsr-3851	161	17	is	be	AUX
fsr-3851	161	18	held	hold	VERB
fsr-3851	161	19	for	for	ADP
fsr-3851	161	20	the	the	DET
fsr-3851	161	21	entire	entire	ADJ
fsr-3851	161	22	sample	sample	NOUN
fsr-3851	161	23	period	period	NOUN
fsr-3851	161	24	.	.	PUNCT
fsr-3851	162	1	taxes	taxis	NOUN
fsr-3851	162	2	and	and	CCONJ
fsr-3851	162	3	transaction	transaction	NOUN
fsr-3851	162	4	costs	cost	NOUN
fsr-3851	162	5	are	be	AUX
fsr-3851	162	6	applied	apply	VERB
fsr-3851	162	7	to	to	ADP
fsr-3851	162	8	the	the	DET
fsr-3851	162	9	index	index	NOUN
fsr-3851	162	10	(	(	PUNCT
fsr-3851	162	11	on	on	ADP
fsr-3851	162	12	both	both	PRON
fsr-3851	162	13	capital	capital	NOUN
fsr-3851	162	14	gains	gain	NOUN
fsr-3851	162	15	and	and	CCONJ
fsr-3851	162	16	dividends	dividend	NOUN
fsr-3851	162	17	)	)	PUNCT
fsr-3851	162	18	.	.	PUNCT
fsr-3851	163	1	annualized	annualize	VERB
fsr-3851	163	2	yields	yield	NOUN
fsr-3851	163	3	on	on	ADP
fsr-3851	163	4	three	three	NUM
fsr-3851	163	5	month	month	NOUN
fsr-3851	163	6	t	t	PROPN
fsr-3851	163	7	-	-	PUNCT
fsr-3851	163	8	bills	bill	NOUN
fsr-3851	163	9	are	be	AUX
fsr-3851	163	10	used	use	VERB
fsr-3851	163	11	to	to	PART
fsr-3851	163	12	estimate	estimate	VERB
fsr-3851	163	13	the	the	DET
fsr-3851	163	14	risk	risk	NOUN
fsr-3851	163	15	-	-	PUNCT
fsr-3851	163	16	free	free	ADJ
fsr-3851	163	17	rate	rate	NOUN
fsr-3851	163	18	.	.	PUNCT
fsr-3851	164	1	this	this	DET
fsr-3851	164	2	information	information	NOUN
fsr-3851	164	3	is	be	AUX
fsr-3851	164	4	obtained	obtain	VERB
fsr-3851	164	5	from	from	ADP
fsr-3851	164	6	business	business	NOUN
fsr-3851	164	7	statistics	statistic	NOUN
fsr-3851	164	8	,	,	PUNCT
fsr-3851	164	9	(	(	PUNCT
fsr-3851	164	10	1963	1963	NUM
fsr-3851	164	11	91	91	NUM
fsr-3851	164	12	)	)	PUNCT
fsr-3851	164	13	,	,	PUNCT
fsr-3851	164	14	and	and	CCONJ
fsr-3851	164	15	the	the	DET
fsr-3851	164	16	statistical	statistical	ADJ
fsr-3851	164	17	abstract	abstract	NOUN
fsr-3851	164	18	of	of	ADP
fsr-3851	164	19	the	the	DET
fsr-3851	164	20	united	united	PROPN
fsr-3851	164	21	states	states	PROPN
fsr-3851	164	22	(	(	PUNCT
fsr-3851	164	23	1996	1996	NUM
fsr-3851	164	24	)	)	PUNCT
fsr-3851	164	25	.	.	PUNCT
fsr-3851	165	1	iv	iv	X
fsr-3851	165	2	.	.	PUNCT
fsr-3851	166	1	m	m	PROPN
fsr-3851	167	1	e	e	NOUN
fsr-3851	167	2	t	t	NOUN
fsr-3851	168	1	h	h	NOUN
fsr-3851	169	1	o	o	NOUN
fsr-3851	170	1	d	d	X
fsr-3851	170	2	o	o	X
fsr-3851	170	3	l	l	NOUN
fsr-3851	170	4	o	o	X
fsr-3851	170	5	g	g	PROPN
fsr-3851	170	6	y	y	PROPN
fsr-3851	170	7	annual	annual	ADJ
fsr-3851	170	8	holding	hold	VERB
fsr-3851	170	9	period	period	NOUN
fsr-3851	170	10	returns	return	NOUN
fsr-3851	170	11	are	be	AUX
fsr-3851	170	12	computed	compute	VERB
fsr-3851	170	13	as	as	SCONJ
fsr-3851	170	14	follows	follow	VERB
fsr-3851	170	15	:	:	PUNCT
fsr-3851	170	16	where	where	SCONJ
fsr-3851	170	17	rl	rl	AUX
fsr-3851	170	18	po	po	X
fsr-3851	170	19	pl	pl	X
fsr-3851	170	20	d1	d1	PROPN
fsr-3851	170	21	(	(	PUNCT
fsr-3851	170	22	pi	pi	NOUN
fsr-3851	170	23	p0	p0	NOUN
fsr-3851	170	24	)	)	PUNCT
fsr-3851	171	1	+	+	CCONJ
fsr-3851	171	2	dl	dl	X
fsr-3851	171	3	(	(	PUNCT
fsr-3851	171	4	1	1	NUM
fsr-3851	171	5	)	)	PUNCT
fsr-3851	171	6	r1	r1	NOUN
fsr-3851	171	7	=	=	SYM
fsr-3851	171	8	p0	p0	NOUN
fsr-3851	171	9	=	=	PUNCT
fsr-3851	171	10	annual	annual	ADJ
fsr-3851	171	11	return	return	NOUN
fsr-3851	171	12	=	=	PUNCT
fsr-3851	171	13	price	price	NOUN
fsr-3851	171	14	at	at	ADP
fsr-3851	171	15	end	end	NOUN
fsr-3851	171	16	of	of	ADP
fsr-3851	171	17	previous	previous	ADJ
fsr-3851	171	18	year	year	NOUN
fsr-3851	171	19	=	=	NOUN
fsr-3851	171	20	price	price	NOUN
fsr-3851	171	21	at	at	ADP
fsr-3851	171	22	end	end	NOUN
fsr-3851	171	23	of	of	ADP
fsr-3851	171	24	current	current	ADJ
fsr-3851	171	25	year	year	NOUN
fsr-3851	171	26	=	=	SYM
fsr-3851	172	1	distributions	distribution	NOUN
fsr-3851	172	2	made	make	VERB
fsr-3851	172	3	during	during	ADP
fsr-3851	172	4	the	the	DET
fsr-3851	172	5	current	current	ADJ
fsr-3851	172	6	year	year	NOUN
fsr-3851	172	7	88	88	NUM
fsr-3851	172	8	f	f	NOUN
fsr-3851	173	1	i	i	PRON
fsr-3851	173	2	n	n	PROPN
fsr-3851	173	3	a	a	PRON
fsr-3851	173	4	n	n	NOUN
fsr-3851	173	5	c	c	NOUN
fsr-3851	173	6	i	i	PRON
fsr-3851	173	7	a	a	DET
fsr-3851	173	8	l	l	NOUN
fsr-3851	173	9	s	s	X
fsr-3851	173	10	e	e	NOUN
fsr-3851	173	11	r	r	NOUN
fsr-3851	173	12	v	v	NOUN
fsr-3851	174	1	i	i	PRON
fsr-3851	174	2	c	c	NOUN
fsr-3851	175	1	e	e	NOUN
fsr-3851	175	2	s	s	NOUN
fsr-3851	175	3	r	r	NOUN
fsr-3851	175	4	e	e	NOUN
fsr-3851	175	5	v	v	NOUN
fsr-3851	175	6	i	i	NOUN
fsr-3851	175	7	e	e	VERB
fsr-3851	175	8	w	w	NOUN
fsr-3851	175	9	7(2	7(2	NUM
fsr-3851	175	10	)	)	PUNCT
fsr-3851	175	11	1998	1998	NUM
fsr-3851	175	12	two	two	NUM
fsr-3851	175	13	types	type	NOUN
fsr-3851	175	14	of	of	ADP
fsr-3851	175	15	costs	cost	NOUN
fsr-3851	175	16	are	be	AUX
fsr-3851	175	17	considered	consider	VERB
fsr-3851	175	18	in	in	ADP
fsr-3851	175	19	computing	compute	VERB
fsr-3851	175	20	the	the	DET
fsr-3851	175	21	holding	hold	VERB
fsr-3851	175	22	period	period	NOUN
fsr-3851	175	23	returns	return	NOUN
fsr-3851	175	24	:	:	PUNCT
fsr-3851	175	25	transaction	transaction	NOUN
fsr-3851	175	26	costs	cost	NOUN
fsr-3851	175	27	and	and	CCONJ
fsr-3851	175	28	taxes	taxis	NOUN
fsr-3851	175	29	.	.	PUNCT
fsr-3851	176	1	each	each	DET
fsr-3851	176	2	time	time	NOUN
fsr-3851	176	3	a	a	DET
fsr-3851	176	4	fund	fund	NOUN
fsr-3851	176	5	is	be	AUX
fsr-3851	176	6	bought	buy	VERB
fsr-3851	176	7	or	or	CCONJ
fsr-3851	176	8	sold	sell	VERB
fsr-3851	176	9	,	,	PUNCT
fsr-3851	176	10	transaction	transaction	NOUN
fsr-3851	176	11	costs	cost	NOUN
fsr-3851	176	12	are	be	AUX
fsr-3851	176	13	assessed	assess	VERB
fsr-3851	176	14	.	.	PUNCT
fsr-3851	177	1	for	for	ADP
fsr-3851	177	2	sim	sim	ADJ
fsr-3851	177	3	plicity	plicity	NOUN
fsr-3851	177	4	,	,	PUNCT
fsr-3851	177	5	a	a	DET
fsr-3851	177	6	flat	flat	ADJ
fsr-3851	177	7	fee	fee	NOUN
fsr-3851	177	8	is	be	AUX
fsr-3851	177	9	applied	apply	VERB
fsr-3851	177	10	to	to	ADP
fsr-3851	177	11	the	the	DET
fsr-3851	177	12	entire	entire	ADJ
fsr-3851	177	13	amount	amount	NOUN
fsr-3851	177	14	purchased	purchase	VERB
fsr-3851	177	15	or	or	CCONJ
fsr-3851	177	16	sold	sell	VERB
fsr-3851	177	17	by	by	ADP
fsr-3851	177	18	the	the	DET
fsr-3851	177	19	investor	investor	NOUN
fsr-3851	177	20	.	.	PUNCT
fsr-3851	178	1	when	when	SCONJ
fsr-3851	178	2	purchasing	purchase	VERB
fsr-3851	178	3	a	a	DET
fsr-3851	178	4	fund	fund	NOUN
fsr-3851	178	5	,	,	PUNCT
fsr-3851	178	6	the	the	DET
fsr-3851	178	7	investor	investor	NOUN
fsr-3851	178	8	pays	pay	VERB
fsr-3851	178	9	an	an	DET
fsr-3851	178	10	additional	additional	ADJ
fsr-3851	178	11	percentage	percentage	NOUN
fsr-3851	178	12	b	b	NOUN
fsr-3851	178	13	to	to	ADP
fsr-3851	178	14	the	the	DET
fsr-3851	178	15	broker	broker	NOUN
fsr-3851	178	16	,	,	PUNCT
fsr-3851	178	17	and	and	CCONJ
fsr-3851	178	18	p0(1	p0(1	NOUN
fsr-3851	178	19	+	+	CCONJ
fsr-3851	178	20	b	b	X
fsr-3851	178	21	)	)	PUNCT
fsr-3851	178	22	is	be	AUX
fsr-3851	178	23	used	use	VERB
fsr-3851	178	24	in	in	ADP
fsr-3851	178	25	place	place	NOUN
fsr-3851	178	26	of	of	ADP
fsr-3851	178	27	p0	p0	NOUN
fsr-3851	178	28	.	.	PUNCT
fsr-3851	179	1	when	when	SCONJ
fsr-3851	179	2	selling	sell	VERB
fsr-3851	179	3	a	a	DET
fsr-3851	179	4	fund	fund	NOUN
fsr-3851	179	5	,	,	PUNCT
fsr-3851	179	6	the	the	DET
fsr-3851	179	7	investor	investor	NOUN
fsr-3851	179	8	loses	lose	VERB
fsr-3851	179	9	percentage	percentage	NOUN
fsr-3851	179	10	b	b	NOUN
fsr-3851	179	11	to	to	ADP
fsr-3851	179	12	the	the	DET
fsr-3851	179	13	broker	broker	NOUN
fsr-3851	179	14	,	,	PUNCT
fsr-3851	179	15	and	and	CCONJ
fsr-3851	179	16	pi(1	pi(1	PROPN
fsr-3851	179	17	b	b	PROPN
fsr-3851	179	18	)	)	PUNCT
fsr-3851	179	19	is	be	AUX
fsr-3851	179	20	used	use	VERB
fsr-3851	179	21	in	in	ADP
fsr-3851	179	22	place	place	NOUN
fsr-3851	180	1	o	o	NOUN
fsr-3851	180	2	f	f	X
fsr-3851	181	1	p	p	PROPN
fsr-3851	181	2	1	1	NUM
fsr-3851	181	3	.	.	PUNCT
fsr-3851	182	1	two	two	NUM
fsr-3851	182	2	rates	rate	NOUN
fsr-3851	182	3	are	be	AUX
fsr-3851	182	4	tested	test	VERB
fsr-3851	182	5	:	:	PUNCT
fsr-3851	182	6	.5	.5	NUM
fsr-3851	182	7	%	%	NOUN
fsr-3851	182	8	for	for	ADP
fsr-3851	182	9	low	low	ADJ
fsr-3851	182	10	transaction	transaction	NOUN
fsr-3851	182	11	costs	cost	NOUN
fsr-3851	182	12	and	and	CCONJ
fsr-3851	182	13	1	1	NUM
fsr-3851	182	14	%	%	NOUN
fsr-3851	182	15	for	for	ADP
fsr-3851	182	16	high	high	ADJ
fsr-3851	182	17	transaction	transaction	NOUN
fsr-3851	182	18	costs	cost	NOUN
fsr-3851	182	19	.	.	PUNCT
fsr-3851	183	1	taxes	taxis	NOUN
fsr-3851	183	2	are	be	AUX
fsr-3851	183	3	more	more	ADV
fsr-3851	183	4	problematic	problematic	ADJ
fsr-3851	183	5	.	.	PUNCT
fsr-3851	184	1	the	the	DET
fsr-3851	184	2	data	data	NOUN
fsr-3851	184	3	spans	span	VERB
fsr-3851	184	4	a	a	DET
fsr-3851	184	5	longer	long	ADJ
fsr-3851	184	6	time	time	NOUN
fsr-3851	184	7	period	period	NOUN
fsr-3851	184	8	than	than	ADP
fsr-3851	184	9	previous	previous	ADJ
fsr-3851	184	10	studies	study	NOUN
fsr-3851	184	11	of	of	ADP
fsr-3851	184	12	taxes	taxis	NOUN
fsr-3851	184	13	and	and	CCONJ
fsr-3851	184	14	ceic	ceic	VERB
fsr-3851	184	15	funds	fund	NOUN
fsr-3851	184	16	,	,	PUNCT
fsr-3851	184	17	and	and	CCONJ
fsr-3851	184	18	individual	individual	ADJ
fsr-3851	184	19	tax	tax	NOUN
fsr-3851	184	20	rates	rate	NOUN
fsr-3851	184	21	vary	vary	VERB
fsr-3851	184	22	considerably	considerably	ADV
fsr-3851	184	23	over	over	ADP
fsr-3851	184	24	the	the	DET
fsr-3851	184	25	study	study	NOUN
fsr-3851	184	26	period	period	NOUN
fsr-3851	184	27	.	.	PUNCT
fsr-3851	185	1	in	in	ADP
fsr-3851	185	2	order	order	NOUN
fsr-3851	185	3	to	to	PART
fsr-3851	185	4	evaluate	evaluate	VERB
fsr-3851	185	5	trading	trading	NOUN
fsr-3851	185	6	strategies	strategy	NOUN
fsr-3851	185	7	rather	rather	ADV
fsr-3851	185	8	than	than	ADP
fsr-3851	185	9	tax	tax	NOUN
fsr-3851	185	10	rate	rate	NOUN
fsr-3851	185	11	changes	change	NOUN
fsr-3851	185	12	,	,	PUNCT
fsr-3851	185	13	this	this	DET
fsr-3851	185	14	study	study	NOUN
fsr-3851	185	15	uses	use	VERB
fsr-3851	185	16	a	a	DET
fsr-3851	185	17	fiat	fiat	ADJ
fsr-3851	185	18	tax	tax	NOUN
fsr-3851	185	19	rate	rate	NOUN
fsr-3851	185	20	of	of	ADP
fsr-3851	185	21	40	40	NUM
fsr-3851	185	22	%	%	NOUN
fsr-3851	185	23	.	.	PUNCT
fsr-3851	186	1	the	the	DET
fsr-3851	186	2	flat	flat	ADJ
fsr-3851	186	3	rate	rate	NOUN
fsr-3851	186	4	allows	allow	VERB
fsr-3851	186	5	consideration	consideration	NOUN
fsr-3851	186	6	of	of	ADP
fsr-3851	186	7	the	the	DET
fsr-3851	186	8	tax	tax	NOUN
fsr-3851	186	9	impact	impact	NOUN
fsr-3851	186	10	from	from	ADP
fsr-3851	186	11	trades	trade	NOUN
fsr-3851	186	12	without	without	ADP
fsr-3851	186	13	adding	add	VERB
fsr-3851	186	14	variability	variability	NOUN
fsr-3851	186	15	from	from	ADP
fsr-3851	186	16	changing	change	VERB
fsr-3851	186	17	tax	tax	NOUN
fsr-3851	186	18	rates	rate	NOUN
fsr-3851	186	19	.	.	PUNCT
fsr-3851	187	1	the	the	DET
fsr-3851	187	2	40	40	NUM
fsr-3851	187	3	%	%	NOUN
fsr-3851	187	4	rate	rate	NOUN
fsr-3851	187	5	accommodates	accommodate	VERB
fsr-3851	187	6	the	the	DET
fsr-3851	187	7	wide	wide	ADJ
fsr-3851	187	8	range	range	NOUN
fsr-3851	187	9	of	of	ADP
fsr-3851	187	10	tax	tax	NOUN
fsr-3851	187	11	rates	rate	NOUN
fsr-3851	187	12	on	on	ADP
fsr-3851	187	13	dividends	dividend	NOUN
fsr-3851	187	14	and	and	CCONJ
fsr-3851	187	15	capital	capital	NOUN
fsr-3851	187	16	gains	gain	NOUN
fsr-3851	187	17	over	over	ADP
fsr-3851	187	18	the	the	DET
fsr-3851	187	19	1965	1965	NUM
fsr-3851	187	20	to	to	ADP
fsr-3851	187	21	1995	1995	NUM
fsr-3851	187	22	time	time	NOUN
fsr-3851	187	23	period	period	NOUN
fsr-3851	187	24	(	(	PUNCT
fsr-3851	187	25	other	other	ADJ
fsr-3851	187	26	tax	tax	NOUN
fsr-3851	187	27	rates	rate	NOUN
fsr-3851	187	28	are	be	AUX
fsr-3851	187	29	also	also	ADV
fsr-3851	187	30	tested	test	VERB
fsr-3851	187	31	,	,	PUNCT
fsr-3851	187	32	with	with	ADP
fsr-3851	187	33	no	no	DET
fsr-3851	187	34	significant	significant	ADJ
fsr-3851	187	35	difference	difference	NOUN
fsr-3851	187	36	in	in	ADP
fsr-3851	187	37	the	the	DET
fsr-3851	187	38	results	result	NOUN
fsr-3851	187	39	)	)	PUNCT
fsr-3851	187	40	.	.	PUNCT
fsr-3851	188	1	when	when	SCONJ
fsr-3851	188	2	a	a	DET
fsr-3851	188	3	fund	fund	NOUN
fsr-3851	188	4	is	be	AUX
fsr-3851	188	5	sold	sell	VERB
fsr-3851	188	6	or	or	CCONJ
fsr-3851	188	7	liquidated	liquidate	VERB
fsr-3851	188	8	,	,	PUNCT
fsr-3851	188	9	capital	capital	NOUN
fsr-3851	188	10	gains	gain	NOUN
fsr-3851	188	11	(	(	PUNCT
fsr-3851	188	12	losses	loss	NOUN
fsr-3851	188	13	)	)	PUNCT
fsr-3851	188	14	are	be	AUX
fsr-3851	188	15	realized	realize	VERB
fsr-3851	188	16	.	.	PUNCT
fsr-3851	189	1	for	for	ADP
fsr-3851	189	2	convenience	convenience	NOUN
fsr-3851	189	3	,	,	PUNCT
fsr-3851	189	4	capital	capital	NOUN
fsr-3851	189	5	losses	loss	NOUN
fsr-3851	189	6	are	be	AUX
fsr-3851	189	7	assumed	assume	VERB
fsr-3851	189	8	to	to	PART
fsr-3851	189	9	offset	offset	VERB
fsr-3851	189	10	other	other	ADJ
fsr-3851	189	11	capital	capital	NOUN
fsr-3851	189	12	gains	gain	NOUN
fsr-3851	189	13	(	(	PUNCT
fsr-3851	189	14	so	so	ADV
fsr-3851	189	15	the	the	DET
fsr-3851	189	16	loss	loss	NOUN
fsr-3851	189	17	results	result	VERB
fsr-3851	189	18	in	in	ADP
fsr-3851	189	19	tax	tax	NOUN
fsr-3851	189	20	savings	saving	NOUN
fsr-3851	189	21	)	)	PUNCT
fsr-3851	189	22	.	.	PUNCT
fsr-3851	190	1	brokerage	brokerage	NOUN
fsr-3851	190	2	fees	fee	NOUN
fsr-3851	190	3	are	be	AUX
fsr-3851	190	4	included	include	VERB
fsr-3851	190	5	in	in	ADP
fsr-3851	190	6	assessing	assess	VERB
fsr-3851	190	7	the	the	DET
fsr-3851	190	8	taxable	taxable	ADJ
fsr-3851	190	9	amount	amount	NOUN
fsr-3851	190	10	of	of	ADP
fsr-3851	190	11	the	the	DET
fsr-3851	190	12	gain	gain	NOUN
fsr-3851	190	13	(	(	PUNCT
fsr-3851	190	14	loss	loss	NOUN
fsr-3851	190	15	)	)	PUNCT
fsr-3851	190	16	.	.	PUNCT
fsr-3851	191	1	two	two	NUM
fsr-3851	191	2	differ	differ	VERB
fsr-3851	191	3	ent	ent	NOUN
fsr-3851	191	4	methods	method	NOUN
fsr-3851	191	5	are	be	AUX
fsr-3851	191	6	used	use	VERB
fsr-3851	191	7	to	to	PART
fsr-3851	191	8	compute	compute	VERB
fsr-3851	191	9	capital	capital	NOUN
fsr-3851	191	10	gains	gain	NOUN
fsr-3851	191	11	.	.	PUNCT
fsr-3851	192	1	the	the	DET
fsr-3851	192	2	actual	actual	ADJ
fsr-3851	192	3	method	method	NOUN
fsr-3851	192	4	uses	use	VERB
fsr-3851	192	5	the	the	DET
fsr-3851	192	6	price	price	NOUN
fsr-3851	192	7	change	change	NOUN
fsr-3851	192	8	over	over	ADP
fsr-3851	192	9	the	the	DET
fsr-3851	192	10	fund	fund	NOUN
fsr-3851	192	11	's	's	PART
fsr-3851	192	12	entire	entire	ADJ
fsr-3851	192	13	holding	hold	VERB
fsr-3851	192	14	period	period	NOUN
fsr-3851	192	15	.	.	PUNCT
fsr-3851	193	1	since	since	SCONJ
fsr-3851	193	2	the	the	DET
fsr-3851	193	3	tax	tax	NOUN
fsr-3851	193	4	is	be	AUX
fsr-3851	193	5	only	only	ADV
fsr-3851	193	6	paid	pay	VERB
fsr-3851	193	7	when	when	SCONJ
fsr-3851	193	8	the	the	DET
fsr-3851	193	9	fund	fund	NOUN
fsr-3851	193	10	is	be	AUX
fsr-3851	193	11	sold	sell	VERB
fsr-3851	193	12	,	,	PUNCT
fsr-3851	193	13	there	there	PRON
fsr-3851	193	14	could	could	AUX
fsr-3851	193	15	be	be	AUX
fsr-3851	193	16	complications	complication	NOUN
fsr-3851	193	17	with	with	ADP
fsr-3851	193	18	using	use	VERB
fsr-3851	193	19	the	the	DET
fsr-3851	193	20	actual	actual	ADJ
fsr-3851	193	21	gain	gain	NOUN
fsr-3851	193	22	in	in	ADP
fsr-3851	193	23	computing	compute	VERB
fsr-3851	193	24	annual	annual	ADJ
fsr-3851	193	25	returns	return	NOUN
fsr-3851	193	26	.	.	PUNCT
fsr-3851	194	1	annual	annual	ADJ
fsr-3851	194	2	returns	return	NOUN
fsr-3851	194	3	examine	examine	VERB
fsr-3851	194	4	the	the	DET
fsr-3851	194	5	annual	annual	ADJ
fsr-3851	194	6	change	change	NOUN
fsr-3851	194	7	in	in	ADP
fsr-3851	194	8	price	price	NOUN
fsr-3851	194	9	,	,	PUNCT
fsr-3851	194	10	but	but	CCONJ
fsr-3851	194	11	the	the	DET
fsr-3851	194	12	taxable	taxable	ADJ
fsr-3851	194	13	amount	amount	NOUN
fsr-3851	194	14	is	be	AUX
fsr-3851	194	15	based	base	VERB
fsr-3851	194	16	on	on	ADP
fsr-3851	194	17	a	a	DET
fsr-3851	194	18	gain	gain	NOUN
fsr-3851	194	19	earned	earn	VERB
fsr-3851	194	20	over	over	ADP
fsr-3851	194	21	multiple	multiple	ADJ
fsr-3851	194	22	years	year	NOUN
fsr-3851	194	23	.	.	PUNCT
fsr-3851	195	1	to	to	PART
fsr-3851	195	2	remedy	remedy	VERB
fsr-3851	195	3	this	this	DET
fsr-3851	195	4	problem	problem	NOUN
fsr-3851	195	5	,	,	PUNCT
fsr-3851	195	6	the	the	DET
fsr-3851	195	7	approximate	approximate	ADJ
fsr-3851	195	8	method	method	NOUN
fsr-3851	195	9	uses	use	VERB
fsr-3851	195	10	the	the	DET
fsr-3851	195	11	fund	fund	NOUN
fsr-3851	195	12	's	's	PART
fsr-3851	195	13	price	price	NOUN
fsr-3851	195	14	change	change	NOUN
fsr-3851	195	15	over	over	ADP
fsr-3851	195	16	the	the	DET
fsr-3851	195	17	last	last	ADJ
fsr-3851	195	18	year	year	NOUN
fsr-3851	195	19	to	to	PART
fsr-3851	195	20	compute	compute	VERB
fsr-3851	195	21	the	the	DET
fsr-3851	195	22	taxable	taxable	ADJ
fsr-3851	195	23	gain	gain	NOUN
fsr-3851	195	24	.	.	PUNCT
fsr-3851	196	1	since	since	SCONJ
fsr-3851	196	2	both	both	DET
fsr-3851	196	3	methods	method	NOUN
fsr-3851	196	4	pro	pro	ADJ
fsr-3851	196	5	duce	duce	PROPN
fsr-3851	196	6	similar	similar	ADJ
fsr-3851	196	7	results	result	NOUN
fsr-3851	196	8	,	,	PUNCT
fsr-3851	196	9	only	only	ADV
fsr-3851	196	10	the	the	DET
fsr-3851	196	11	approximate	approximate	ADJ
fsr-3851	196	12	method	method	NOUN
fsr-3851	196	13	is	be	AUX
fsr-3851	196	14	reported	report	VERB
fsr-3851	196	15	.	.	PUNCT
fsr-3851	197	1	all	all	DET
fsr-3851	197	2	distributions	distribution	NOUN
fsr-3851	197	3	by	by	ADP
fsr-3851	197	4	the	the	DET
fsr-3851	197	5	fund	fund	NOUN
fsr-3851	197	6	are	be	AUX
fsr-3851	197	7	adjusted	adjust	VERB
fsr-3851	197	8	for	for	ADP
fsr-3851	197	9	taxes	taxis	NOUN
fsr-3851	197	10	.	.	PUNCT
fsr-3851	198	1	for	for	ADP
fsr-3851	198	2	informational	informational	ADJ
fsr-3851	198	3	purposes	purpose	NOUN
fsr-3851	198	4	,	,	PUNCT
fsr-3851	198	5	before	before	ADP
fsr-3851	198	6	-	-	PUNCT
fsr-3851	198	7	tax	tax	NOUN
fsr-3851	198	8	returns	return	NOUN
fsr-3851	198	9	with	with	ADP
fsr-3851	198	10	no	no	DET
fsr-3851	198	11	transaction	transaction	NOUN
fsr-3851	198	12	costs	cost	NOUN
fsr-3851	198	13	are	be	AUX
fsr-3851	198	14	also	also	ADV
fsr-3851	198	15	computed	compute	VERB
fsr-3851	198	16	.	.	PUNCT
fsr-3851	199	1	the	the	DET
fsr-3851	199	2	annual	annual	ADJ
fsr-3851	199	3	returns	return	NOUN
fsr-3851	199	4	are	be	AUX
fsr-3851	199	5	used	use	VERB
fsr-3851	199	6	to	to	PART
fsr-3851	199	7	calculate	calculate	VERB
fsr-3851	199	8	both	both	CCONJ
fsr-3851	199	9	geometric	geometric	ADJ
fsr-3851	199	10	and	and	CCONJ
fsr-3851	199	11	arithmetic	arithmetic	ADJ
fsr-3851	199	12	means	mean	NOUN
fsr-3851	199	13	.	.	PUNCT
fsr-3851	200	1	for	for	ADP
fsr-3851	200	2	sta	sta	NOUN
fsr-3851	200	3	tistical	tistical	ADJ
fsr-3851	200	4	analysis	analysis	NOUN
fsr-3851	200	5	requiring	require	VERB
fsr-3851	200	6	an	an	DET
fsr-3851	200	7	estimate	estimate	NOUN
fsr-3851	200	8	of	of	ADP
fsr-3851	200	9	the	the	DET
fsr-3851	200	10	mean	mean	NOUN
fsr-3851	200	11	,	,	PUNCT
fsr-3851	200	12	the	the	DET
fsr-3851	200	13	arithmetic	arithmetic	ADJ
fsr-3851	200	14	mean	mean	NOUN
fsr-3851	200	15	is	be	AUX
fsr-3851	200	16	used	use	VERB
fsr-3851	200	17	.	.	PUNCT
fsr-3851	201	1	the	the	DET
fsr-3851	201	2	sample	sample	NOUN
fsr-3851	201	3	standard	standard	ADJ
fsr-3851	201	4	deviation	deviation	NOUN
fsr-3851	201	5	is	be	AUX
fsr-3851	201	6	calculated	calculate	VERB
fsr-3851	201	7	for	for	SCONJ
fsr-3851	201	8	each	each	DET
fsr-3851	201	9	strategy	strategy	NOUN
fsr-3851	201	10	to	to	PART
fsr-3851	201	11	estimate	estimate	VERB
fsr-3851	201	12	overall	overall	ADJ
fsr-3851	201	13	risk	risk	NOUN
fsr-3851	201	14	.	.	PUNCT
fsr-3851	202	1	to	to	PART
fsr-3851	202	2	assess	assess	VERB
fsr-3851	202	3	market	market	NOUN
fsr-3851	202	4	table	table	NOUN
fsr-3851	202	5	2	2	NUM
fsr-3851	202	6	f	f	X
fsr-3851	202	7	-	-	PUNCT
fsr-3851	202	8	test	test	NOUN
fsr-3851	202	9	for	for	ADP
fsr-3851	202	10	equal	equal	ADJ
fsr-3851	202	11	variances	variance	NOUN
fsr-3851	202	12	after	after	ADP
fsr-3851	202	13	-	-	PUNCT
fsr-3851	202	14	tax	tax	NOUN
fsr-3851	202	15	returns	return	NOUN
fsr-3851	202	16	before	before	ADP
fsr-3851	202	17	-	-	PUNCT
fsr-3851	202	18	tax	tax	NOUN
fsr-3851	202	19	returns	return	NOUN
fsr-3851	202	20	1	1	NUM
fsr-3851	202	21	%	%	NOUN
fsr-3851	202	22	transaction	transaction	NOUN
fsr-3851	202	23	no	no	DET
fsr-3851	202	24	transaction	transaction	NOUN
fsr-3851	202	25	costs	cost	VERB
fsr-3851	202	26	costs	cost	NOUN
fsr-3851	202	27	strategy	strategy	NOUN
fsr-3851	202	28	computed	compute	VERB
fsr-3851	202	29	f	f	X
fsr-3851	202	30	-	-	PUNCT
fsr-3851	202	31	value	value	NOUN
fsr-3851	202	32	computed	compute	VERB
fsr-3851	202	33	f	f	NOUN
fsr-3851	202	34	-	-	PUNCT
fsr-3851	202	35	value	value	NOUN
fsr-3851	202	36	most	most	ADV
fsr-3851	202	37	discounted	discount	VERB
fsr-3851	202	38	1.67	1.67	NUM
fsr-3851	202	39	3.89	3.89	NUM
fsr-3851	202	40	*	*	PUNCT
fsr-3851	202	41	most	most	ADV
fsr-3851	202	42	relatively	relatively	ADV
fsr-3851	202	43	discounted	discount	VERB
fsr-3851	202	44	3.46	3.46	NUM
fsr-3851	202	45	*	*	SYM
fsr-3851	202	46	5.32	5.32	NUM
fsr-3851	202	47	"	"	SYM
fsr-3851	202	48	5	5	NUM
fsr-3851	202	49	most	most	ADV
fsr-3851	202	50	discounted	discount	VERB
fsr-3851	202	51	1.38	1.38	NUM
fsr-3851	202	52	2.25	2.25	NUM
fsr-3851	202	53	*	*	PUNCT
fsr-3851	202	54	*	*	SYM
fsr-3851	202	55	5	5	NUM
fsr-3851	202	56	most	most	ADV
fsr-3851	202	57	relative	relative	ADJ
fsr-3851	202	58	discounted	discount	VERB
fsr-3851	202	59	1.60	1.60	NUM
fsr-3851	202	60	2.13	2.13	NUM
fsr-3851	202	61	*	*	PUNCT
fsr-3851	202	62	*	*	PUNCT
fsr-3851	202	63	specialized	specialize	VERB
fsr-3851	202	64	0.79	0.79	NUM
fsr-3851	202	65	2.12	2.12	NUM
fsr-3851	202	66	*	*	PUNCT
fsr-3851	202	67	*	*	PUNCT
fsr-3851	202	68	diversified	diversify	VERB
fsr-3851	202	69	0.52	0.52	NUM
fsr-3851	202	70	1.39	1.39	NUM
fsr-3851	202	71	international	international	ADJ
fsr-3851	202	72	1.88	1.88	NUM
fsr-3851	202	73	*	*	PUNCT
fsr-3851	202	74	*	*	PUNCT
fsr-3851	202	75	*	*	PUNCT
fsr-3851	202	76	5.07	5.07	NUM
fsr-3851	202	77	*	*	PUNCT
fsr-3851	202	78	aggregate	aggregate	ADJ
fsr-3851	202	79	0.58	0.58	NUM
fsr-3851	202	80	1.58	1.58	NUM
fsr-3851	202	81	notes	note	NOUN
fsr-3851	202	82	:	:	PUNCT
fsr-3851	202	83	*	*	PUNCT
fsr-3851	202	84	significant	significant	ADJ
fsr-3851	202	85	at	at	ADP
fsr-3851	202	86	the	the	DET
fsr-3851	202	87	1	1	NUM
fsr-3851	202	88	%	%	NOUN
fsr-3851	202	89	level	level	NOUN
fsr-3851	202	90	(	(	PUNCT
fsr-3851	202	91	critical	critical	ADJ
fsr-3851	202	92	f	f	NOUN
fsr-3851	202	93	-	-	PUNCT
fsr-3851	202	94	value	value	NOUN
fsr-3851	202	95	=	=	NOUN
fsr-3851	202	96	2.66	2.66	NUM
fsr-3851	202	97	)	)	PUNCT
fsr-3851	202	98	.	.	PUNCT
fsr-3851	203	1	*	*	PUNCT
fsr-3851	203	2	*	*	PUNCT
fsr-3851	203	3	significant	significant	ADJ
fsr-3851	203	4	at	at	ADP
fsr-3851	203	5	the	the	DET
fsr-3851	203	6	5	5	NUM
fsr-3851	203	7	%	%	NOUN
fsr-3851	203	8	level	level	NOUN
fsr-3851	203	9	(	(	PUNCT
fsr-3851	203	10	critical	critical	ADJ
fsr-3851	203	11	f	f	NOUN
fsr-3851	203	12	-	-	PUNCT
fsr-3851	203	13	value	value	NOUN
fsr-3851	203	14	=	=	NOUN
fsr-3851	203	15	1.98	1.98	NUM
fsr-3851	203	16	)	)	PUNCT
fsr-3851	203	17	.	.	PUNCT
fsr-3851	204	1	*	*	PUNCT
fsr-3851	204	2	*	*	PUNCT
fsr-3851	204	3	*	*	PUNCT
fsr-3851	204	4	significant	significant	ADJ
fsr-3851	204	5	at	at	ADP
fsr-3851	204	6	the	the	DET
fsr-3851	204	7	10	10	NUM
fsr-3851	204	8	%	%	NOUN
fsr-3851	204	9	level	level	NOUN
fsr-3851	204	10	(	(	PUNCT
fsr-3851	204	11	critical	critical	ADJ
fsr-3851	204	12	f	f	NOUN
fsr-3851	204	13	-	-	PUNCT
fsr-3851	204	14	value	value	NOUN
fsr-3851	204	15	=	=	NOUN
fsr-3851	204	16	1.70	1.70	NUM
fsr-3851	204	17	)	)	PUNCT
fsr-3851	204	18	.	.	PUNCT
fsr-3851	205	1	t	t	PROPN
fsr-3851	205	2	a	a	DET
fsr-3851	205	3	b	b	PROPN
fsr-3851	205	4	l	l	NOUN
fsr-3851	205	5	e	e	NOUN
fsr-3851	205	6	3	3	NUM
fsr-3851	205	7	su	su	PROPN
fsr-3851	205	8	m	m	PROPN
fsr-3851	205	9	m	m	PROPN
fsr-3851	205	10	ar	ar	PROPN
fsr-3851	205	11	y	y	PROPN
fsr-3851	205	12	st	st	PROPN
fsr-3851	205	13	at	at	SCONJ
fsr-3851	205	14	is	be	AUX
fsr-3851	205	15	tic	tic	ADJ
fsr-3851	205	16	s	s	NOUN
fsr-3851	205	17	fo	fo	ADP
fsr-3851	205	18	r	r	NOUN
fsr-3851	206	1	a	a	PRON
fsr-3851	206	2	ft	ft	NOUN
fsr-3851	206	3	er	er	INTJ
fsr-3851	206	4	-t	-t	NOUN
fsr-3851	206	5	ax	ax	NOUN
fsr-3851	206	6	r	r	NOUN
fsr-3851	206	7	et	et	NOUN
fsr-3851	207	1	ur	ur	INTJ
fsr-3851	208	1	ns	ns	PROPN
fsr-3851	209	1	w	w	PROPN
fsr-3851	209	2	ith	ith	PROPN
fsr-3851	209	3	1	1	NUM
fsr-3851	209	4	%	%	NOUN
fsr-3851	210	1	t	t	PROPN
fsr-3851	210	2	ra	ra	PROPN
fsr-3851	210	3	ns	ns	INTJ
fsr-3851	210	4	ac	ac	PROPN
fsr-3851	210	5	tio	tio	PROPN
fsr-3851	210	6	n	n	PROPN
fsr-3851	210	7	c	c	X
fsr-3851	210	8	os	os	NOUN
fsr-3851	210	9	ts	ts	ADP
fsr-3851	210	10	r~	r~	PROPN
fsr-3851	210	11	,	,	PUNCT
fsr-3851	210	12	ig	ig	PROPN
fsr-3851	210	13	st	st	PROPN
fsr-3851	210	14	ra	ra	PROPN
fsr-3851	210	15	te	te	PROPN
fsr-3851	210	16	gy	gy	PROPN
fsr-3851	210	17	t	t	PROPN
fsr-3851	210	18	ra	ra	PROPN
fsr-3851	210	19	di	di	INTJ
fsr-3851	210	20	ng	ng	PROPN
fsr-3851	210	21	s	s	PART
fsr-3851	210	22	tr	tr	VERB
fsr-3851	210	23	at	at	ADP
fsr-3851	210	24	eg	eg	NOUN
fsr-3851	210	25	ie	ie	X
fsr-3851	210	26	s	s	PART
fsr-3851	210	27	:	:	PUNCT
fsr-3851	210	28	m	m	VERB
fsr-3851	210	29	os	os	NOUN
fsr-3851	211	1	t	t	PROPN
fsr-3851	211	2	d	d	NOUN
fsr-3851	211	3	is	be	AUX
fsr-3851	211	4	co	co	INTJ
fsr-3851	211	5	un	un	PROPN
fsr-3851	211	6	te	te	PROPN
fsr-3851	212	1	d	d	PROPN
fsr-3851	212	2	m	m	VERB
fsr-3851	212	3	os	os	NOUN
fsr-3851	212	4	t	t	PROPN
fsr-3851	212	5	r	r	PROPN
fsr-3851	212	6	el	el	PROPN
fsr-3851	212	7	at	at	ADP
fsr-3851	212	8	iv	iv	PROPN
fsr-3851	212	9	el	el	PROPN
fsr-3851	212	10	y	y	PROPN
fsr-3851	212	11	d	d	PROPN
fsr-3851	212	12	is	be	AUX
fsr-3851	212	13	co	co	INTJ
fsr-3851	212	14	un	un	PROPN
fsr-3851	212	15	te	te	PROPN
fsr-3851	212	16	d	d	PROPN
fsr-3851	212	17	5	5	NUM
fsr-3851	212	18	m	m	NOUN
fsr-3851	212	19	os	os	NOUN
fsr-3851	213	1	t	t	PROPN
fsr-3851	213	2	d	d	NOUN
fsr-3851	213	3	is	be	AUX
fsr-3851	213	4	co	co	INTJ
fsr-3851	213	5	un	un	PROPN
fsr-3851	213	6	te	te	PROPN
fsr-3851	213	7	d	d	PROPN
fsr-3851	213	8	5	5	NUM
fsr-3851	213	9	m	m	NOUN
fsr-3851	213	10	os	os	NOUN
fsr-3851	213	11	t	t	PROPN
fsr-3851	213	12	r	r	PROPN
fsr-3851	213	13	el	el	PROPN
fsr-3851	213	14	at	at	ADP
fsr-3851	213	15	iv	iv	NUM
fsr-3851	213	16	e	e	PROPN
fsr-3851	213	17	d	d	PROPN
fsr-3851	213	18	is	be	AUX
fsr-3851	213	19	co	co	INTJ
fsr-3851	213	20	un	un	PROPN
fsr-3851	213	21	te	te	PROPN
fsr-3851	213	22	d	d	PROPN
fsr-3851	213	23	po	po	NOUN
fsr-3851	213	24	ol	ol	PROPN
fsr-3851	213	25	ed	ed	PROPN
fsr-3851	213	26	p	p	PROPN
fsr-3851	214	1	or	or	CCONJ
fsr-3851	214	2	tf	tf	INTJ
fsr-3851	214	3	ol	ol	PROPN
fsr-3851	214	4	io	io	X
fsr-3851	214	5	s	s	PROPN
fsr-3851	214	6	:	:	PUNCT
fsr-3851	214	7	sp	sp	ADP
fsr-3851	214	8	ec	ec	PROPN
fsr-3851	214	9	ia	ia	PROPN
fsr-3851	214	10	li	li	PROPN
fsr-3851	214	11	ze	ze	PROPN
fsr-3851	214	12	d	d	PROPN
fsr-3851	214	13	d	d	PROPN
fsr-3851	214	14	iv	iv	NUM
fsr-3851	214	15	er	er	INTJ
fsr-3851	214	16	si	si	INTJ
fsr-3851	215	1	fi	fi	PROPN
fsr-3851	215	2	ed	ed	NOUN
fsr-3851	215	3	in	in	ADP
fsr-3851	215	4	te	te	PROPN
fsr-3851	215	5	rn	rn	PROPN
fsr-3851	215	6	at	at	ADP
fsr-3851	215	7	io	io	PROPN
fsr-3851	215	8	na	na	ADP
fsr-3851	215	9	l	l	NOUN
fsr-3851	215	10	a	a	DET
fsr-3851	215	11	gg	gg	PROPN
fsr-3851	215	12	re	re	X
fsr-3851	215	13	ga	ga	PROPN
fsr-3851	215	14	te	te	PROPN
fsr-3851	216	1	c	c	PROPN
fsr-3851	216	2	om	om	PROPN
fsr-3851	216	3	pa	pa	PROPN
fsr-3851	216	4	ri	ri	PROPN
fsr-3851	216	5	so	so	ADV
fsr-3851	216	6	n	n	CCONJ
fsr-3851	216	7	:	:	PUNCT
fsr-3851	216	8	s	s	PROPN
fsr-3851	216	9	&	&	CCONJ
fsr-3851	216	10	p	p	NOUN
fsr-3851	216	11	50	50	NUM
fsr-3851	216	12	0	0	NUM
fsr-3851	216	13	t	t	NOUN
fsr-3851	216	14	-b	-b	PUNCT
fsr-3851	216	15	il	il	PROPN
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fsr-3851	219	8	.	.	X
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fsr-3851	220	8	.	.	PUNCT
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fsr-3851	221	5	%	%	NOUN
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fsr-3851	221	8	.	.	X
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fsr-3851	223	8	.	.	X
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fsr-3851	223	20	.	.	PUNCT
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fsr-3851	224	5	%	%	NOUN
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fsr-3851	224	8	.	.	NOUN
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fsr-3851	224	13	0	0	NUM
fsr-3851	224	14	%	%	NOUN
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fsr-3851	224	16	.	.	PUNCT
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fsr-3851	225	4	.	.	PUNCT
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fsr-3851	226	3	.	.	NUM
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fsr-3851	227	4	.	.	PUNCT
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fsr-3851	228	8	.	.	SYM
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fsr-3851	229	5	.	.	NOUN
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fsr-3851	229	9	.	.	PUNCT
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fsr-3851	230	3	.	.	SYM
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fsr-3851	230	8	.	.	NOUN
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fsr-3851	230	19	.	.	PROPN
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fsr-3851	230	25	-2	-2	NOUN
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fsr-3851	230	27	.	.	NOUN
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fsr-3851	230	34	0	0	NUM
fsr-3851	230	35	.	.	NOUN
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fsr-3851	230	39	.	.	PUNCT
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fsr-3851	231	4	.	.	X
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fsr-3851	231	8	.	.	NUM
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fsr-3851	232	16	.	.	PUNCT
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fsr-3851	233	3	.	.	PUNCT
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fsr-3851	234	3	.	.	NOUN
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fsr-3851	234	6	.	.	PUNCT
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fsr-3851	234	9	.	.	PUNCT
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fsr-3851	235	3	.	.	PUNCT
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fsr-3851	236	3	.	.	PUNCT
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fsr-3851	237	3	.	.	X
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fsr-3851	238	3	.	.	PUNCT
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fsr-3851	239	3	.	.	PUNCT
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fsr-3851	241	3	.	.	PUNCT
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fsr-3851	264	8	5	5	NUM
fsr-3851	264	9	m	m	NOUN
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fsr-3851	264	11	t	t	PROPN
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fsr-3851	264	22	d	d	PROPN
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fsr-3851	269	15	%	%	NOUN
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fsr-3851	269	18	.	.	X
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fsr-3851	270	5	.	.	NOUN
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fsr-3851	271	6	-2	-2	INTJ
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fsr-3851	271	8	.	.	NOUN
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fsr-3851	271	20	.	.	PUNCT
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fsr-3851	272	8	.	.	SYM
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fsr-3851	272	16	.	.	PUNCT
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fsr-3851	272	20	.	.	PUNCT
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fsr-3851	272	28	.	.	PUNCT
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fsr-3851	273	18	-3	-3	INTJ
fsr-3851	273	19	0	0	NUM
fsr-3851	273	20	.	.	NOUN
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fsr-3851	273	25	1	1	NUM
fsr-3851	273	26	%	%	NOUN
fsr-3851	273	27	0	0	NUM
fsr-3851	273	28	.	.	NOUN
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fsr-3851	273	32	.	.	NOUN
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fsr-3851	273	37	%	%	NOUN
fsr-3851	273	38	-2	-2	NOUN
fsr-3851	273	39	0	0	NUM
fsr-3851	273	40	.	.	X
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fsr-3851	273	45	5	5	NUM
fsr-3851	273	46	%	%	NOUN
fsr-3851	273	47	0	0	NUM
fsr-3851	273	48	.	.	NOUN
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fsr-3851	273	52	.	.	PUNCT
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fsr-3851	274	5	%	%	NOUN
fsr-3851	274	6	-3	-3	INTJ
fsr-3851	274	7	5	5	NUM
fsr-3851	274	8	.	.	SYM
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fsr-3851	274	13	.	.	SYM
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fsr-3851	274	17	.	.	NOUN
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fsr-3851	274	21	.	.	NUM
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fsr-3851	274	24	.7	.7	NUM
fsr-3851	274	25	8	8	NUM
fsr-3851	274	26	%	%	NOUN
fsr-3851	274	27	-2	-2	NOUN
fsr-3851	274	28	4	4	NUM
fsr-3851	274	29	.	.	X
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fsr-3851	274	31	%	%	NOUN
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fsr-3851	274	34	9	9	NUM
fsr-3851	274	35	%	%	NOUN
fsr-3851	274	36	0	0	NUM
fsr-3851	274	37	.	.	NOUN
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fsr-3851	274	41	.	.	PUNCT
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fsr-3851	274	45	4	4	NUM
fsr-3851	274	46	%	%	NOUN
fsr-3851	274	47	-2	-2	INTJ
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fsr-3851	274	49	.	.	NOUN
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fsr-3851	274	51	%	%	NOUN
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fsr-3851	274	54	1	1	NUM
fsr-3851	274	55	%	%	NOUN
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fsr-3851	274	57	.	.	NOUN
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fsr-3851	274	61	.	.	PUNCT
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fsr-3851	275	2	.	.	NUM
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fsr-3851	275	5	3	3	NUM
fsr-3851	275	6	.	.	NOUN
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fsr-3851	275	8	%	%	NOUN
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fsr-3851	275	11	8	8	NUM
fsr-3851	275	12	%	%	NOUN
fsr-3851	275	13	0	0	NUM
fsr-3851	275	14	.	.	PUNCT
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fsr-3851	279	11	.	.	PUNCT
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fsr-3851	279	14	.	.	X
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fsr-3851	279	17	.	.	NOUN
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fsr-3851	279	20	.	.	NUM
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fsr-3851	280	2	.	.	PUNCT
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fsr-3851	280	5	.	.	PUNCT
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fsr-3851	280	8	.	.	PUNCT
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fsr-3851	281	3	.	.	PUNCT
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fsr-3851	281	6	.	.	NOUN
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fsr-3851	282	3	.	.	PUNCT
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fsr-3851	284	5	.	.	PUNCT
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fsr-3851	284	8	.	.	PUNCT
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fsr-3851	284	20	.	.	PUNCT
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fsr-3851	286	42	.	.	SYM
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fsr-3851	286	59	.	.	NOUN
fsr-3851	286	60	24	24	NUM
fsr-3851	286	61	9	9	NUM
fsr-3851	286	62	1	1	NUM
fsr-3851	286	63	.	.	NOUN
fsr-3851	286	64	18	18	NUM
fsr-3851	286	65	9	9	NUM
fsr-3851	286	66	1	1	NUM
fsr-3851	286	67	.	.	NUM
fsr-3851	287	1	40	40	NUM
fsr-3851	287	2	4	4	NUM
fsr-3851	287	3	*	*	SYM
fsr-3851	287	4	1	1	NUM
fsr-3851	287	5	.	.	NUM
fsr-3851	287	6	48	48	NUM
fsr-3851	287	7	6	6	NUM
fsr-3851	287	8	*	*	SYM
fsr-3851	287	9	0	0	NUM
fsr-3851	287	10	.	.	NOUN
fsr-3851	287	11	31	31	NUM
fsr-3851	287	12	9	9	NUM
fsr-3851	287	13	0	0	NUM
fsr-3851	287	14	.	.	PUNCT
fsr-3851	287	15	19	19	NUM
fsr-3851	287	16	0	0	NUM
fsr-3851	287	17	1	1	NUM
fsr-3851	287	18	.	.	PUNCT
fsr-3851	287	19	14	14	NUM
fsr-3851	287	20	0	0	NUM
fsr-3851	287	21	0	0	NUM
fsr-3851	287	22	.	.	PUNCT
fsr-3851	287	23	54	54	NUM
fsr-3851	287	24	5	5	NUM
fsr-3851	287	25	z	z	NOUN
fsr-3851	287	26	>	>	X
fsr-3851	287	27	z	z	X
fsr-3851	287	28	<	<	X
fsr-3851	287	29	n	n	X
fsr-3851	287	30	ot	ot	X
fsr-3851	287	31	e	e	NOUN
fsr-3851	287	32	:	:	PUNCT
fsr-3851	287	33	si	si	PROPN
fsr-3851	287	34	gm	gm	PROPN
fsr-3851	287	35	fi	fi	NOUN
fsr-3851	288	1	ca	can	AUX
fsr-3851	288	2	m	m	VERB
fsr-3851	288	3	at	at	ADP
fsr-3851	288	4	th	th	X
fsr-3851	288	5	e	e	ADP
fsr-3851	288	6	10	10	NUM
fsr-3851	288	7	%	%	NOUN
fsr-3851	288	8	le	le	AUX
fsr-3851	288	9	ve	ve	AUX
fsr-3851	288	10	l.	l.	PROPN
fsr-3851	288	11	<	<	X
fsr-3851	288	12	co	co	ADJ
fsr-3851	288	13	closed.end	closed.end	X
fsr-3851	288	14	investment	investment	NOUN
fsr-3851	288	15	companies	company	NOUN
fsr-3851	288	16	91	91	NUM
fsr-3851	288	17	risk	risk	NOUN
fsr-3851	288	18	,	,	PUNCT
fsr-3851	288	19	each	each	DET
fsr-3851	288	20	strategy	strategy	NOUN
fsr-3851	288	21	's	's	PART
fsr-3851	288	22	beta	beta	NOUN
fsr-3851	288	23	is	be	AUX
fsr-3851	288	24	computed	compute	VERB
fsr-3851	288	25	.	.	PUNCT
fsr-3851	289	1	the	the	DET
fsr-3851	289	2	coefficient	coefficient	NOUN
fsr-3851	289	3	of	of	ADP
fsr-3851	289	4	variation	variation	NOUN
fsr-3851	289	5	and	and	CCONJ
fsr-3851	289	6	the	the	DET
fsr-3851	289	7	sharpe	sharpe	PROPN
fsr-3851	289	8	index	index	PROPN
fsr-3851	289	9	allow	allow	VERB
fsr-3851	289	10	investors	investor	NOUN
fsr-3851	289	11	to	to	PART
fsr-3851	289	12	analyze	analyze	VERB
fsr-3851	289	13	return	return	VERB
fsr-3851	289	14	in	in	ADP
fsr-3851	289	15	conjunction	conjunction	NOUN
fsr-3851	289	16	with	with	ADP
fsr-3851	289	17	risk	risk	NOUN
fsr-3851	289	18	.	.	PUNCT
fsr-3851	290	1	investors	investor	NOUN
fsr-3851	290	2	want	want	VERB
fsr-3851	290	3	a	a	DET
fsr-3851	290	4	small	small	ADJ
fsr-3851	290	5	coeffi	coeffi	NOUN
fsr-3851	290	6	cient	cient	NOUN
fsr-3851	290	7	of	of	ADP
fsr-3851	290	8	variation	variation	NOUN
fsr-3851	290	9	since	since	SCONJ
fsr-3851	290	10	it	it	PRON
fsr-3851	290	11	indicates	indicate	VERB
fsr-3851	290	12	a	a	DET
fsr-3851	290	13	smaller	small	ADJ
fsr-3851	290	14	standard	standard	ADJ
fsr-3851	290	15	deviation	deviation	NOUN
fsr-3851	290	16	for	for	ADP
fsr-3851	290	17	a	a	DET
fsr-3851	290	18	given	give	VERB
fsr-3851	290	19	return	return	NOUN
fsr-3851	290	20	.	.	PUNCT
fsr-3851	291	1	in	in	ADP
fsr-3851	291	2	con	con	PROPN
fsr-3851	291	3	trast	trast	NOUN
fsr-3851	291	4	,	,	PUNCT
fsr-3851	291	5	they	they	PRON
fsr-3851	291	6	want	want	VERB
fsr-3851	291	7	a	a	DET
fsr-3851	291	8	large	large	ADJ
fsr-3851	291	9	sharpe	sharpe	NOUN
fsr-3851	291	10	index	index	NOUN
fsr-3851	291	11	because	because	SCONJ
fsr-3851	291	12	it	it	PRON
fsr-3851	291	13	means	mean	VERB
fsr-3851	291	14	a	a	DET
fsr-3851	291	15	better	well	ADJ
fsr-3851	291	16	yield	yield	NOUN
fsr-3851	291	17	with	with	ADP
fsr-3851	291	18	respect	respect	NOUN
fsr-3851	291	19	to	to	ADP
fsr-3851	291	20	the	the	DET
fsr-3851	291	21	standard	standard	ADJ
fsr-3851	291	22	deviation	deviation	NOUN
fsr-3851	291	23	.	.	PUNCT
fsr-3851	292	1	the	the	DET
fsr-3851	292	2	sharpe	sharpe	PROPN
fsr-3851	292	3	index	index	NOUN
fsr-3851	292	4	focuses	focus	VERB
fsr-3851	292	5	on	on	ADP
fsr-3851	292	6	the	the	DET
fsr-3851	292	7	risk	risk	NOUN
fsr-3851	292	8	premium	premium	NOUN
fsr-3851	292	9	,	,	PUNCT
fsr-3851	292	10	while	while	SCONJ
fsr-3851	292	11	the	the	DET
fsr-3851	292	12	coefficient	coefficient	NOUN
fsr-3851	292	13	of	of	ADP
fsr-3851	292	14	variation	variation	NOUN
fsr-3851	292	15	considers	consider	VERB
fsr-3851	292	16	the	the	DET
fsr-3851	292	17	total	total	ADJ
fsr-3851	292	18	return	return	NOUN
fsr-3851	292	19	.	.	PUNCT
fsr-3851	293	1	for	for	ADP
fsr-3851	293	2	each	each	DET
fsr-3851	293	3	fund	fund	NOUN
fsr-3851	293	4	,	,	PUNCT
fsr-3851	293	5	the	the	DET
fsr-3851	293	6	sharpe	sharpe	PROPN
fsr-3851	293	7	index	index	NOUN
fsr-3851	293	8	is	be	AUX
fsr-3851	293	9	divided	divide	VERB
fsr-3851	293	10	by	by	ADP
fsr-3851	293	11	the	the	DET
fsr-3851	293	12	s&p	s&p	PROPN
fsr-3851	293	13	500	500	NUM
fsr-3851	293	14	's	's	PART
fsr-3851	293	15	sharpe	sharpe	NOUN
fsr-3851	293	16	index	index	NOUN
fsr-3851	293	17	to	to	PART
fsr-3851	293	18	produce	produce	VERB
fsr-3851	293	19	a	a	DET
fsr-3851	293	20	relative	relative	ADJ
fsr-3851	293	21	index	index	NOUN
fsr-3851	293	22	value	value	NOUN
fsr-3851	293	23	.	.	PUNCT
fsr-3851	294	1	it	it	PRON
fsr-3851	294	2	is	be	AUX
fsr-3851	294	3	important	important	ADJ
fsr-3851	294	4	to	to	PART
fsr-3851	294	5	determine	determine	VERB
fsr-3851	294	6	if	if	SCONJ
fsr-3851	294	7	the	the	DET
fsr-3851	294	8	proposed	propose	VERB
fsr-3851	294	9	strategies	strategy	NOUN
fsr-3851	294	10	outperform	outperform	VERB
fsr-3851	294	11	the	the	DET
fsr-3851	294	12	market	market	NOUN
fsr-3851	294	13	on	on	ADP
fsr-3851	294	14	a	a	DET
fsr-3851	294	15	risk	risk	NOUN
fsr-3851	294	16	adjusted	adjust	VERB
fsr-3851	294	17	basis	basis	NOUN
fsr-3851	294	18	.	.	PUNCT
fsr-3851	295	1	the	the	DET
fsr-3851	295	2	market	market	NOUN
fsr-3851	295	3	model	model	NOUN
fsr-3851	295	4	requires	require	VERB
fsr-3851	295	5	either	either	CCONJ
fsr-3851	295	6	a	a	DET
fsr-3851	295	7	pre	pre	ADJ
fsr-3851	295	8	-	-	ADJ
fsr-3851	295	9	event	event	ADJ
fsr-3851	295	10	estimation	estimation	NOUN
fsr-3851	295	11	period	period	NOUN
fsr-3851	295	12	for	for	ADP
fsr-3851	295	13	deter	deter	NOUN
fsr-3851	295	14	mining	mining	NOUN
fsr-3851	295	15	beta	beta	NOUN
fsr-3851	295	16	or	or	CCONJ
fsr-3851	295	17	co	co	VERB
fsr-3851	295	18	-	-	ADJ
fsr-3851	295	19	estimating	estimate	VERB
fsr-3851	295	20	beta	beta	ADJ
fsr-3851	295	21	and	and	CCONJ
fsr-3851	295	22	abnormal	abnormal	ADJ
fsr-3851	295	23	returns	return	NOUN
fsr-3851	295	24	through	through	ADP
fsr-3851	295	25	the	the	DET
fsr-3851	295	26	construction	construction	NOUN
fsr-3851	295	27	of	of	ADP
fsr-3851	295	28	portfo	portfo	ADJ
fsr-3851	295	29	lios	lio	NOUN
fsr-3851	295	30	.	.	PUNCT
fsr-3851	296	1	data	datum	NOUN
fsr-3851	296	2	limitations	limitation	NOUN
fsr-3851	296	3	prevent	prevent	VERB
fsr-3851	296	4	either	either	PRON
fsr-3851	296	5	of	of	ADP
fsr-3851	296	6	these	these	DET
fsr-3851	296	7	techniques	technique	NOUN
fsr-3851	296	8	from	from	ADP
fsr-3851	296	9	being	be	AUX
fsr-3851	296	10	used	use	VERB
fsr-3851	296	11	in	in	ADP
fsr-3851	296	12	this	this	DET
fsr-3851	296	13	paper	paper	NOUN
fsr-3851	296	14	.	.	PUNCT
fsr-3851	297	1	in	in	ADP
fsr-3851	297	2	addition	addition	NOUN
fsr-3851	297	3	,	,	PUNCT
fsr-3851	297	4	the	the	DET
fsr-3851	297	5	market	market	NOUN
fsr-3851	297	6	model	model	NOUN
fsr-3851	297	7	may	may	AUX
fsr-3851	297	8	be	be	AUX
fsr-3851	297	9	inadequate	inadequate	ADJ
fsr-3851	297	10	for	for	ADP
fsr-3851	297	11	examining	examine	VERB
fsr-3851	297	12	ceic	ceic	VERB
fsr-3851	297	13	funds	fund	NOUN
fsr-3851	297	14	.	.	PUNCT
fsr-3851	298	1	consequently	consequently	ADV
fsr-3851	298	2	,	,	PUNCT
fsr-3851	298	3	this	this	DET
fsr-3851	298	4	paper	paper	NOUN
fsr-3851	298	5	compares	compare	VERB
fsr-3851	298	6	the	the	DET
fsr-3851	298	7	return	return	NOUN
fsr-3851	298	8	and	and	CCONJ
fsr-3851	298	9	standard	standard	ADJ
fsr-3851	298	10	deviation	deviation	NOUN
fsr-3851	298	11	of	of	ADP
fsr-3851	298	12	the	the	DET
fsr-3851	298	13	proposed	propose	VERB
fsr-3851	298	14	strategies	strategy	NOUN
fsr-3851	298	15	to	to	ADP
fsr-3851	298	16	the	the	DET
fsr-3851	298	17	s&p	s&p	PROPN
fsr-3851	298	18	500	500	NUM
fsr-3851	298	19	.	.	PUNCT
fsr-3851	299	1	a	a	DET
fsr-3851	299	2	two	two	NUM
fsr-3851	299	3	-	-	PUNCT
fsr-3851	299	4	sample	sample	NOUN
fsr-3851	299	5	t	t	PROPN
fsr-3851	299	6	-	-	PUNCT
fsr-3851	299	7	test	test	NOUN
fsr-3851	299	8	is	be	AUX
fsr-3851	299	9	performed	perform	VERB
fsr-3851	299	10	to	to	PART
fsr-3851	299	11	determine	determine	VERB
fsr-3851	299	12	if	if	SCONJ
fsr-3851	299	13	the	the	DET
fsr-3851	299	14	returns	return	NOUN
fsr-3851	299	15	for	for	ADP
fsr-3851	299	16	the	the	DET
fsr-3851	299	17	proposed	propose	VERB
fsr-3851	299	18	strategies	strategy	NOUN
fsr-3851	299	19	are	be	AUX
fsr-3851	299	20	significantly	significantly	ADV
fsr-3851	299	21	different	different	ADJ
fsr-3851	299	22	from	from	ADP
fsr-3851	299	23	the	the	DET
fsr-3851	299	24	s&p	s&p	PROPN
fsr-3851	299	25	500	500	NUM
fsr-3851	299	26	.	.	PUNCT
fsr-3851	300	1	v.	v.	ADP
fsr-3851	300	2	results	result	NOUN
fsr-3851	300	3	before	before	ADP
fsr-3851	300	4	performing	perform	VERB
fsr-3851	300	5	the	the	DET
fsr-3851	300	6	two	two	NUM
fsr-3851	300	7	-	-	PUNCT
fsr-3851	300	8	sample	sample	NOUN
fsr-3851	300	9	t	t	NOUN
fsr-3851	300	10	-	-	PUNCT
fsr-3851	300	11	test	test	NOUN
fsr-3851	300	12	,	,	PUNCT
fsr-3851	300	13	an	an	DET
fsr-3851	300	14	f	f	X
fsr-3851	300	15	-	-	PUNCT
fsr-3851	300	16	test	test	NOUN
fsr-3851	300	17	is	be	AUX
fsr-3851	300	18	used	use	VERB
fsr-3851	300	19	to	to	PART
fsr-3851	300	20	determine	determine	VERB
fsr-3851	300	21	if	if	SCONJ
fsr-3851	300	22	the	the	DET
fsr-3851	300	23	s&p	s&p	PROPN
fsr-3851	300	24	500	500	NUM
fsr-3851	300	25	and	and	CCONJ
fsr-3851	300	26	the	the	DET
fsr-3851	300	27	test	test	NOUN
fsr-3851	300	28	strategy	strategy	NOUN
fsr-3851	300	29	have	have	VERB
fsr-3851	300	30	equal	equal	ADJ
fsr-3851	300	31	variances	variance	NOUN
fsr-3851	300	32	.	.	PUNCT
fsr-3851	301	1	if	if	SCONJ
fsr-3851	301	2	the	the	DET
fsr-3851	301	3	variances	variance	NOUN
fsr-3851	301	4	are	be	AUX
fsr-3851	301	5	unequal	unequal	ADJ
fsr-3851	301	6	,	,	PUNCT
fsr-3851	301	7	it	it	PRON
fsr-3851	301	8	is	be	AUX
fsr-3851	301	9	necessary	necessary	ADJ
fsr-3851	301	10	to	to	PART
fsr-3851	301	11	adjust	adjust	VERB
fsr-3851	301	12	the	the	DET
fsr-3851	301	13	test	test	NOUN
fsr-3851	301	14	statistic	statistic	NOUN
fsr-3851	301	15	to	to	PART
fsr-3851	301	16	reflect	reflect	VERB
fsr-3851	301	17	this	this	DET
fsr-3851	301	18	fact	fact	NOUN
fsr-3851	301	19	.	.	PUNCT
fsr-3851	302	1	the	the	DET
fsr-3851	302	2	results	result	NOUN
fsr-3851	302	3	are	be	AUX
fsr-3851	302	4	presented	present	VERB
fsr-3851	302	5	in	in	ADP
fsr-3851	302	6	table	table	NOUN
fsr-3851	302	7	2	2	NUM
fsr-3851	302	8	.	.	PUNCT
fsr-3851	302	9	because	because	SCONJ
fsr-3851	302	10	transaction	transaction	NOUN
fsr-3851	302	11	costs	cost	NOUN
fsr-3851	302	12	of	of	ADP
fsr-3851	302	13	.5	.5	NUM
fsr-3851	302	14	%	%	NOUN
fsr-3851	302	15	and	and	CCONJ
fsr-3851	302	16	1	1	NUM
fsr-3851	302	17	%	%	NOUN
fsr-3851	302	18	produced	produce	VERB
fsr-3851	302	19	virtually	virtually	ADV
fsr-3851	302	20	identical	identical	ADJ
fsr-3851	302	21	results	result	NOUN
fsr-3851	302	22	,	,	PUNCT
fsr-3851	302	23	only	only	ADV
fsr-3851	302	24	the	the	DET
fsr-3851	302	25	statistics	statistic	NOUN
fsr-3851	302	26	for	for	ADP
fsr-3851	302	27	the	the	DET
fsr-3851	302	28	higher	high	ADJ
fsr-3851	302	29	transaction	transaction	NOUN
fsr-3851	302	30	costs	cost	NOUN
fsr-3851	302	31	are	be	AUX
fsr-3851	302	32	reported	report	VERB
fsr-3851	302	33	in	in	ADP
fsr-3851	302	34	tables	table	NOUN
fsr-3851	302	35	2	2	NUM
fsr-3851	302	36	and	and	CCONJ
fsr-3851	302	37	3	3	NUM
fsr-3851	302	38	.	.	PUNCT
fsr-3851	303	1	most	most	ADJ
fsr-3851	303	2	of	of	ADP
fsr-3851	303	3	the	the	DET
fsr-3851	303	4	after	after	ADP
fsr-3851	303	5	-	-	PUNCT
fsr-3851	303	6	tax	tax	NOUN
fsr-3851	303	7	returns	return	NOUN
fsr-3851	303	8	have	have	VERB
fsr-3851	303	9	equal	equal	ADJ
fsr-3851	303	10	variances	variance	NOUN
fsr-3851	303	11	to	to	ADP
fsr-3851	303	12	the	the	DET
fsr-3851	303	13	s&p	s&p	PROPN
fsr-3851	303	14	500	500	NUM
fsr-3851	303	15	.	.	PUNCT
fsr-3851	304	1	however	however	ADV
fsr-3851	304	2	,	,	PUNCT
fsr-3851	304	3	the	the	DET
fsr-3851	304	4	before	before	ADP
fsr-3851	304	5	-	-	PUNCT
fsr-3851	304	6	tax	tax	NOUN
fsr-3851	304	7	returns	return	NOUN
fsr-3851	304	8	do	do	VERB
fsr-3851	304	9	not	not	PART
fsr-3851	304	10	.	.	PUNCT
fsr-3851	305	1	when	when	SCONJ
fsr-3851	305	2	the	the	DET
fsr-3851	305	3	two	two	NUM
fsr-3851	305	4	-	-	PUNCT
fsr-3851	305	5	sample	sample	NOUN
fsr-3851	305	6	t	t	PROPN
fsr-3851	305	7	test	test	NOUN
fsr-3851	305	8	for	for	ADP
fsr-3851	305	9	equal	equal	ADJ
fsr-3851	305	10	means	mean	NOUN
fsr-3851	305	11	are	be	AUX
fsr-3851	305	12	re	re	VERB
fsr-3851	305	13	-	-	ADJ
fsr-3851	305	14	run	run	ADJ
fsr-3851	305	15	assuming	assume	VERB
fsr-3851	305	16	unequal	unequal	ADJ
fsr-3851	305	17	variances	variance	NOUN
fsr-3851	305	18	,	,	PUNCT
fsr-3851	305	19	similar	similar	ADJ
fsr-3851	305	20	results	result	NOUN
fsr-3851	305	21	occur	occur	VERB
fsr-3851	305	22	.	.	PUNCT
fsr-3851	306	1	only	only	ADV
fsr-3851	306	2	the	the	DET
fsr-3851	306	3	equal	equal	ADJ
fsr-3851	306	4	variance	variance	NOUN
fsr-3851	306	5	results	result	NOUN
fsr-3851	306	6	are	be	AUX
fsr-3851	306	7	reported	report	VERB
fsr-3851	306	8	.	.	PUNCT
fsr-3851	307	1	table	table	NOUN
fsr-3851	307	2	3	3	NUM
fsr-3851	307	3	contains	contain	VERB
fsr-3851	307	4	summary	summary	NOUN
fsr-3851	307	5	statistics	statistic	NOUN
fsr-3851	307	6	for	for	ADP
fsr-3851	307	7	the	the	DET
fsr-3851	307	8	after	after	ADP
fsr-3851	307	9	-	-	PUNCT
fsr-3851	307	10	tax	tax	NOUN
fsr-3851	307	11	returns	return	NOUN
fsr-3851	307	12	using	use	VERB
fsr-3851	307	13	transaction	transaction	NOUN
fsr-3851	307	14	costs	cost	NOUN
fsr-3851	307	15	of	of	ADP
fsr-3851	307	16	1	1	NUM
fsr-3851	307	17	%	%	NOUN
fsr-3851	307	18	.	.	PUNCT
fsr-3851	308	1	the	the	DET
fsr-3851	308	2	four	four	NUM
fsr-3851	308	3	trading	trading	NOUN
fsr-3851	308	4	strategies	strategy	NOUN
fsr-3851	308	5	have	have	VERB
fsr-3851	308	6	higher	high	ADJ
fsr-3851	308	7	arithmetic	arithmetic	ADJ
fsr-3851	308	8	and	and	CCONJ
fsr-3851	308	9	geometric	geometric	ADJ
fsr-3851	308	10	means	mean	NOUN
fsr-3851	308	11	than	than	ADP
fsr-3851	308	12	either	either	CCONJ
fsr-3851	308	13	the	the	DET
fsr-3851	308	14	s&p	s&p	PROPN
fsr-3851	308	15	500	500	NUM
fsr-3851	308	16	or	or	CCONJ
fsr-3851	308	17	the	the	DET
fsr-3851	308	18	pooled	pool	VERB
fsr-3851	308	19	portfolios	portfolio	NOUN
fsr-3851	308	20	.	.	PUNCT
fsr-3851	309	1	all	all	DET
fsr-3851	309	2	four	four	NUM
fsr-3851	309	3	also	also	ADV
fsr-3851	309	4	have	have	VERB
fsr-3851	309	5	higher	high	ADJ
fsr-3851	309	6	standard	standard	ADJ
fsr-3851	309	7	deviations	deviation	NOUN
fsr-3851	309	8	than	than	ADP
fsr-3851	309	9	the	the	DET
fsr-3851	309	10	s&p	s&p	PROPN
fsr-3851	309	11	500	500	NUM
fsr-3851	309	12	.	.	PUNCT
fsr-3851	310	1	since	since	SCONJ
fsr-3851	310	2	the	the	DET
fsr-3851	310	3	tested	test	VERB
fsr-3851	310	4	strategies	strategy	NOUN
fsr-3851	310	5	require	require	VERB
fsr-3851	310	6	annual	annual	ADJ
fsr-3851	310	7	rebalancing	rebalancing	NOUN
fsr-3851	310	8	while	while	SCONJ
fsr-3851	310	9	the	the	DET
fsr-3851	310	10	s&p	s&p	PROPN
fsr-3851	310	11	buy	buy	VERB
fsr-3851	310	12	and	and	CCONJ
fsr-3851	310	13	hold	hold	VERB
fsr-3851	310	14	strategy	strategy	NOUN
fsr-3851	310	15	does	do	AUX
fsr-3851	310	16	not	not	PART
fsr-3851	310	17	,	,	PUNCT
fsr-3851	310	18	taxes	taxis	NOUN
fsr-3851	310	19	and	and	CCONJ
fsr-3851	310	20	transaction	transaction	NOUN
fsr-3851	310	21	costs	cost	NOUN
fsr-3851	310	22	are	be	AUX
fsr-3851	310	23	incurred	incur	VERB
fsr-3851	310	24	more	more	ADV
fsr-3851	310	25	frequently	frequently	ADV
fsr-3851	310	26	.	.	PUNCT
fsr-3851	311	1	this	this	PRON
fsr-3851	311	2	could	could	AUX
fsr-3851	311	3	confound	confound	VERB
fsr-3851	311	4	the	the	DET
fsr-3851	311	5	after	after	ADP
fsr-3851	311	6	-	-	PUNCT
fsr-3851	311	7	tax	tax	NOUN
fsr-3851	311	8	measurement	measurement	NOUN
fsr-3851	311	9	of	of	ADP
fsr-3851	311	10	beta	beta	NOUN
fsr-3851	311	11	.	.	PUNCT
fsr-3851	312	1	the	the	DET
fsr-3851	312	2	coefficient	coefficient	NOUN
fsr-3851	312	3	of	of	ADP
fsr-3851	312	4	variation	variation	NOUN
fsr-3851	312	5	and	and	CCONJ
fsr-3851	312	6	sharpe	sharpe	PROPN
fsr-3851	312	7	index	index	NOUN
fsr-3851	312	8	provide	provide	VERB
fsr-3851	312	9	mixed	mixed	ADJ
fsr-3851	312	10	results	result	NOUN
fsr-3851	312	11	.	.	PUNCT
fsr-3851	313	1	three	three	NUM
fsr-3851	313	2	of	of	ADP
fsr-3851	313	3	the	the	DET
fsr-3851	313	4	trading	trading	NOUN
fsr-3851	313	5	strategies	strategy	NOUN
fsr-3851	313	6	have	have	VERB
fsr-3851	313	7	a	a	DET
fsr-3851	313	8	higher	high	ADJ
fsr-3851	313	9	sharpe	sharpe	NOUN
fsr-3851	313	10	index	index	NOUN
fsr-3851	313	11	than	than	ADP
fsr-3851	313	12	the	the	DET
fsr-3851	313	13	s&p	s&p	PROPN
fsr-3851	313	14	500	500	NUM
fsr-3851	313	15	.	.	PUNCT
fsr-3851	314	1	since	since	SCONJ
fsr-3851	314	2	a	a	DET
fsr-3851	314	3	higher	high	ADJ
fsr-3851	314	4	sharpe	sharpe	NOUN
fsr-3851	314	5	index	index	NOUN
fsr-3851	314	6	is	be	AUX
fsr-3851	314	7	desirable	desirable	ADJ
fsr-3851	314	8	,	,	PUNCT
fsr-3851	314	9	this	this	PRON
fsr-3851	314	10	supports	support	VERB
fsr-3851	314	11	the	the	DET
fsr-3851	314	12	use	use	NOUN
fsr-3851	314	13	of	of	ADP
fsr-3851	314	14	these	these	DET
fsr-3851	314	15	trading	trading	NOUN
fsr-3851	314	16	strategies	strategy	NOUN
fsr-3851	314	17	.	.	PUNCT
fsr-3851	315	1	with	with	ADP
fsr-3851	315	2	1	1	NUM
fsr-3851	315	3	%	%	NOUN
fsr-3851	315	4	transaction	transaction	NOUN
fsr-3851	315	5	costs	cost	NOUN
fsr-3851	315	6	,	,	PUNCT
fsr-3851	315	7	the	the	DET
fsr-3851	315	8	pooled	pool	VERB
fsr-3851	315	9	portfolios	portfolio	NOUN
fsr-3851	315	10	have	have	VERB
fsr-3851	315	11	a	a	DET
fsr-3851	315	12	higher	high	ADJ
fsr-3851	315	13	coefficient	coefficient	NOUN
fsr-3851	315	14	of	of	ADP
fsr-3851	315	15	variation	variation	NOUN
fsr-3851	315	16	than	than	ADP
fsr-3851	315	17	the	the	DET
fsr-3851	315	18	s&p	s&p	PROPN
fsr-3851	315	19	500	500	NUM
fsr-3851	315	20	.	.	PUNCT
fsr-3851	316	1	since	since	SCONJ
fsr-3851	316	2	investors	investor	NOUN
fsr-3851	316	3	want	want	VERB
fsr-3851	316	4	a	a	DET
fsr-3851	316	5	lower	low	ADJ
fsr-3851	316	6	coefficient	coefficient	NOUN
fsr-3851	316	7	of	of	ADP
fsr-3851	316	8	variation	variation	NOUN
fsr-3851	316	9	,	,	PUNCT
fsr-3851	316	10	this	this	DET
fsr-3851	316	11	result	result	NOUN
fsr-3851	316	12	does	do	AUX
fsr-3851	316	13	not	not	PART
fsr-3851	316	14	support	support	VERB
fsr-3851	316	15	the	the	DET
fsr-3851	316	16	use	use	NOUN
fsr-3851	316	17	of	of	ADP
fsr-3851	316	18	pooled	pool	VERB
fsr-3851	316	19	portfolios	portfolio	NOUN
fsr-3851	316	20	.	.	PUNCT
fsr-3851	317	1	the	the	DET
fsr-3851	317	2	two	two	NUM
fsr-3851	317	3	-	-	PUNCT
fsr-3851	317	4	sample	sample	NOUN
fsr-3851	317	5	t	t	NOUN
fsr-3851	317	6	-	-	PUNCT
fsr-3851	317	7	test	test	NOUN
fsr-3851	317	8	determines	determine	NOUN
fsr-3851	317	9	if	if	SCONJ
fsr-3851	317	10	a	a	DET
fsr-3851	317	11	trading	trading	NOUN
fsr-3851	317	12	strategy	strategy	NOUN
fsr-3851	317	13	or	or	CCONJ
fsr-3851	317	14	pooled	pool	VERB
fsr-3851	317	15	portfolio	portfolio	NOUN
fsr-3851	317	16	outperforms	outperform	VERB
fsr-3851	317	17	the	the	DET
fsr-3851	317	18	s&p	s&p	PROPN
fsr-3851	317	19	500	500	NUM
fsr-3851	317	20	on	on	ADP
fsr-3851	317	21	a	a	DET
fsr-3851	317	22	risk	risk	NOUN
fsr-3851	317	23	-	-	PUNCT
fsr-3851	317	24	adjusted	adjust	VERB
fsr-3851	317	25	basis	basis	NOUN
fsr-3851	317	26	.	.	PUNCT
fsr-3851	318	1	none	none	NOUN
fsr-3851	318	2	of	of	ADP
fsr-3851	318	3	the	the	DET
fsr-3851	318	4	t	t	PROPN
fsr-3851	318	5	-	-	PUNCT
fsr-3851	318	6	statistics	statistic	NOUN
fsr-3851	318	7	are	be	AUX
fsr-3851	318	8	significant	significant	ADJ
fsr-3851	318	9	,	,	PUNCT
fsr-3851	318	10	even	even	ADV
fsr-3851	318	11	at	at	ADP
fsr-3851	318	12	the	the	DET
fsr-3851	318	13	10	10	NUM
fsr-3851	318	14	%	%	NOUN
fsr-3851	318	15	level	level	NOUN
fsr-3851	318	16	.	.	PUNCT
fsr-3851	319	1	this	this	PRON
fsr-3851	319	2	suggests	suggest	VERB
fsr-3851	319	3	that	that	SCONJ
fsr-3851	319	4	none	none	NOUN
fsr-3851	319	5	of	of	ADP
fsr-3851	319	6	the	the	DET
fsr-3851	319	7	simple	simple	ADJ
fsr-3851	319	8	trading	trading	NOUN
fsr-3851	319	9	strategies	strategy	NOUN
fsr-3851	319	10	outperform	outperform	VERB
fsr-3851	319	11	the	the	DET
fsr-3851	319	12	s&p	s&p	PROPN
fsr-3851	319	13	500	500	NUM
fsr-3851	319	14	.	.	PUNCT
fsr-3851	320	1	the	the	DET
fsr-3851	320	2	summary	summary	NOUN
fsr-3851	320	3	statistics	statistic	NOUN
fsr-3851	320	4	for	for	ADP
fsr-3851	320	5	the	the	DET
fsr-3851	320	6	before	before	ADP
fsr-3851	320	7	-	-	PUNCT
fsr-3851	320	8	tax	tax	NOUN
fsr-3851	320	9	returns	return	NOUN
fsr-3851	320	10	(	(	PUNCT
fsr-3851	320	11	no	no	DET
fsr-3851	320	12	transaction	transaction	NOUN
fsr-3851	320	13	costs	cost	NOUN
fsr-3851	320	14	)	)	PUNCT
fsr-3851	320	15	are	be	AUX
fsr-3851	320	16	presented	present	VERB
fsr-3851	320	17	in	in	ADP
fsr-3851	320	18	table	table	NOUN
fsr-3851	320	19	4	4	NUM
fsr-3851	320	20	.	.	PUNCT
fsr-3851	321	1	both	both	CCONJ
fsr-3851	321	2	the	the	DET
fsr-3851	321	3	trading	trading	NOUN
fsr-3851	321	4	strategies	strategy	NOUN
fsr-3851	321	5	and	and	CCONJ
fsr-3851	321	6	the	the	DET
fsr-3851	321	7	pooled	pool	VERB
fsr-3851	321	8	portfolios	portfolio	NOUN
fsr-3851	321	9	have	have	VERB
fsr-3851	321	10	higher	high	ADJ
fsr-3851	321	11	arithmetic	arithmetic	ADJ
fsr-3851	321	12	and	and	CCONJ
fsr-3851	321	13	geometric	geometric	ADJ
fsr-3851	321	14	means	mean	NOUN
fsr-3851	321	15	than	than	ADP
fsr-3851	321	16	the	the	DET
fsr-3851	321	17	s&p	s&p	PROPN
fsr-3851	321	18	500	500	NUM
fsr-3851	321	19	.	.	PUNCT
fsr-3851	322	1	in	in	ADP
fsr-3851	322	2	addition	addition	NOUN
fsr-3851	322	3	,	,	PUNCT
fsr-3851	322	4	the	the	DET
fsr-3851	322	5	geometric	geometric	ADJ
fsr-3851	322	6	means	mean	NOUN
fsr-3851	322	7	of	of	ADP
fsr-3851	322	8	the	the	DET
fsr-3851	322	9	trading	trading	NOUN
fsr-3851	322	10	strate	strate	NOUN
fsr-3851	322	11	gies	gy	NOUN
fsr-3851	322	12	exceeds	exceed	VERB
fsr-3851	322	13	that	that	PRON
fsr-3851	322	14	of	of	ADP
fsr-3851	322	15	the	the	DET
fsr-3851	322	16	pooled	pool	VERB
fsr-3851	322	17	portfolios	portfolio	NOUN
fsr-3851	322	18	.	.	PUNCT
fsr-3851	323	1	all	all	PRON
fsr-3851	323	2	of	of	ADP
fsr-3851	323	3	the	the	DET
fsr-3851	323	4	trading	trading	NOUN
fsr-3851	323	5	strategies	strategy	NOUN
fsr-3851	323	6	have	have	VERB
fsr-3851	323	7	a	a	DET
fsr-3851	323	8	higher	high	ADJ
fsr-3851	323	9	mini	mini	ADJ
fsr-3851	323	10	mum	mum	NOUN
fsr-3851	323	11	and	and	CCONJ
fsr-3851	323	12	maximum	maximum	ADJ
fsr-3851	323	13	than	than	ADP
fsr-3851	323	14	the	the	DET
fsr-3851	323	15	s&p	s&p	PROPN
fsr-3851	323	16	500	500	NUM
fsr-3851	323	17	.	.	PUNCT
fsr-3851	324	1	the	the	DET
fsr-3851	324	2	s&p	s&p	PROPN
fsr-3851	324	3	500	500	NUM
fsr-3851	324	4	has	have	VERB
fsr-3851	324	5	a	a	DET
fsr-3851	324	6	lower	low	ADJ
fsr-3851	324	7	standard	standard	ADJ
fsr-3851	324	8	deviation	deviation	NOUN
fsr-3851	324	9	than	than	SCONJ
fsr-3851	324	10	92	92	NUM
fsr-3851	324	11	financial	financial	ADJ
fsr-3851	324	12	services	service	NOUN
fsr-3851	324	13	review	review	VERB
fsr-3851	324	14	7(2	7(2	NUM
fsr-3851	324	15	)	)	PUNCT
fsr-3851	324	16	1998	1998	NUM
fsr-3851	325	1	any	any	PRON
fsr-3851	325	2	of	of	ADP
fsr-3851	325	3	the	the	DET
fsr-3851	325	4	tested	test	VERB
fsr-3851	325	5	strategies	strategy	NOUN
fsr-3851	325	6	or	or	CCONJ
fsr-3851	325	7	pooled	pool	VERB
fsr-3851	325	8	portfolios	portfolio	NOUN
fsr-3851	325	9	.	.	PUNCT
fsr-3851	326	1	betas	beta	NOUN
fsr-3851	326	2	for	for	ADP
fsr-3851	326	3	the	the	DET
fsr-3851	326	4	trading	trading	NOUN
fsr-3851	326	5	strategies	strategy	NOUN
fsr-3851	326	6	range	range	VERB
fsr-3851	326	7	from	from	ADP
fsr-3851	326	8	.90	.90	NUM
fsr-3851	326	9	to	to	ADP
fsr-3851	326	10	1.14	1.14	NUM
fsr-3851	326	11	.	.	PUNCT
fsr-3851	327	1	most	most	ADJ
fsr-3851	327	2	of	of	ADP
fsr-3851	327	3	the	the	DET
fsr-3851	327	4	results	result	NOUN
fsr-3851	327	5	for	for	ADP
fsr-3851	327	6	the	the	DET
fsr-3851	327	7	coefficient	coefficient	NOUN
fsr-3851	327	8	of	of	ADP
fsr-3851	327	9	variation	variation	NOUN
fsr-3851	327	10	are	be	AUX
fsr-3851	327	11	mixed	mixed	ADJ
fsr-3851	327	12	,	,	PUNCT
fsr-3851	327	13	although	although	SCONJ
fsr-3851	327	14	the	the	DET
fsr-3851	327	15	pooled	pool	VERB
fsr-3851	327	16	portfolios	portfolio	NOUN
fsr-3851	327	17	do	do	AUX
fsr-3851	327	18	have	have	VERB
fsr-3851	327	19	higher	high	ADJ
fsr-3851	327	20	coefficients	coefficient	NOUN
fsr-3851	327	21	of	of	ADP
fsr-3851	327	22	variation	variation	NOUN
fsr-3851	327	23	than	than	ADP
fsr-3851	327	24	the	the	DET
fsr-3851	327	25	s&p	s&p	PROPN
fsr-3851	327	26	500	500	NUM
fsr-3851	327	27	.	.	PUNCT
fsr-3851	328	1	this	this	PRON
fsr-3851	328	2	suggests	suggest	VERB
fsr-3851	328	3	pooled	pool	VERB
fsr-3851	328	4	portfolios	portfolio	NOUN
fsr-3851	328	5	should	should	AUX
fsr-3851	328	6	not	not	PART
fsr-3851	328	7	be	be	AUX
fsr-3851	328	8	used	use	VERB
fsr-3851	328	9	.	.	PUNCT
fsr-3851	329	1	both	both	CCONJ
fsr-3851	329	2	the	the	DET
fsr-3851	329	3	trading	trading	NOUN
fsr-3851	329	4	strategies	strategy	NOUN
fsr-3851	329	5	and	and	CCONJ
fsr-3851	329	6	the	the	DET
fsr-3851	329	7	pooled	pool	VERB
fsr-3851	329	8	portfolios	portfolio	NOUN
fsr-3851	329	9	have	have	VERB
fsr-3851	329	10	sharpe	sharpe	NOUN
fsr-3851	329	11	indexes	index	NOUN
fsr-3851	329	12	in	in	ADP
fsr-3851	329	13	excess	excess	NOUN
fsr-3851	329	14	of	of	ADP
fsr-3851	329	15	1.0	1.0	NUM
fsr-3851	329	16	.	.	PUNCT
fsr-3851	330	1	this	this	PRON
fsr-3851	330	2	suggests	suggest	VERB
fsr-3851	330	3	the	the	DET
fsr-3851	330	4	use	use	NOUN
fsr-3851	330	5	of	of	ADP
fsr-3851	330	6	neither	neither	PRON
fsr-3851	330	7	of	of	ADP
fsr-3851	330	8	these	these	DET
fsr-3851	330	9	investing	investing	NOUN
fsr-3851	330	10	methods	method	NOUN
fsr-3851	330	11	.	.	PUNCT
fsr-3851	331	1	thus	thus	ADV
fsr-3851	331	2	,	,	PUNCT
fsr-3851	331	3	the	the	DET
fsr-3851	331	4	coefficient	coefficient	NOUN
fsr-3851	331	5	of	of	ADP
fsr-3851	331	6	variation	variation	NOUN
fsr-3851	331	7	and	and	CCONJ
fsr-3851	331	8	the	the	DET
fsr-3851	331	9	sharpe	sharpe	PROPN
fsr-3851	331	10	index	index	NOUN
fsr-3851	331	11	provide	provide	VERB
fsr-3851	331	12	conflicting	conflicting	ADJ
fsr-3851	331	13	evi	evi	NOUN
fsr-3851	331	14	dence	dence	NOUN
fsr-3851	331	15	on	on	ADP
fsr-3851	331	16	the	the	DET
fsr-3851	331	17	use	use	NOUN
fsr-3851	331	18	of	of	ADP
fsr-3851	331	19	pooled	pool	VERB
fsr-3851	331	20	portfolios	portfolio	NOUN
fsr-3851	331	21	.	.	PUNCT
fsr-3851	332	1	the	the	DET
fsr-3851	332	2	two	two	NUM
fsr-3851	332	3	-	-	PUNCT
fsr-3851	332	4	sample	sample	NOUN
fsr-3851	332	5	t	t	PROPN
fsr-3851	332	6	-	-	PUNCT
fsr-3851	332	7	test	test	NOUN
fsr-3851	332	8	is	be	AUX
fsr-3851	332	9	significant	significant	ADJ
fsr-3851	332	10	at	at	ADP
fsr-3851	332	11	the	the	DET
fsr-3851	332	12	10	10	NUM
fsr-3851	332	13	%	%	NOUN
fsr-3851	332	14	level	level	NOUN
fsr-3851	332	15	for	for	ADP
fsr-3851	332	16	only	only	ADV
fsr-3851	332	17	two	two	NUM
fsr-3851	332	18	of	of	ADP
fsr-3851	332	19	the	the	DET
fsr-3851	332	20	tested	test	VERB
fsr-3851	332	21	strategies	strategy	NOUN
fsr-3851	332	22	.	.	PUNCT
fsr-3851	333	1	none	none	NOUN
fsr-3851	333	2	of	of	ADP
fsr-3851	333	3	the	the	DET
fsr-3851	333	4	t	t	PROPN
fsr-3851	333	5	-	-	PUNCT
fsr-3851	333	6	statistics	statistic	NOUN
fsr-3851	333	7	for	for	ADP
fsr-3851	333	8	the	the	DET
fsr-3851	333	9	pooled	pool	VERB
fsr-3851	333	10	portfolios	portfolio	NOUN
fsr-3851	333	11	are	be	AUX
fsr-3851	333	12	significant	significant	ADJ
fsr-3851	333	13	.	.	PUNCT
fsr-3851	334	1	although	although	SCONJ
fsr-3851	334	2	two	two	NUM
fsr-3851	334	3	of	of	ADP
fsr-3851	334	4	the	the	DET
fsr-3851	334	5	trading	trading	NOUN
fsr-3851	334	6	strategies	strategy	NOUN
fsr-3851	334	7	marginally	marginally	ADV
fsr-3851	334	8	outperform	outperform	VERB
fsr-3851	334	9	the	the	DET
fsr-3851	334	10	s&p	s&p	PROPN
fsr-3851	334	11	500	500	NUM
fsr-3851	334	12	on	on	ADP
fsr-3851	334	13	a	a	DET
fsr-3851	334	14	risk	risk	NOUN
fsr-3851	334	15	-	-	PUNCT
fsr-3851	334	16	adjusted	adjust	VERB
fsr-3851	334	17	basis	basis	NOUN
fsr-3851	334	18	,	,	PUNCT
fsr-3851	334	19	taxes	taxis	NOUN
fsr-3851	334	20	and	and	CCONJ
fsr-3851	334	21	transaction	transaction	NOUN
fsr-3851	334	22	costs	cost	NOUN
fsr-3851	334	23	erode	erode	VERB
fsr-3851	334	24	away	away	ADV
fsr-3851	334	25	these	these	DET
fsr-3851	334	26	marginal	marginal	ADJ
fsr-3851	334	27	benefits	benefit	NOUN
fsr-3851	334	28	.	.	PUNCT
fsr-3851	335	1	vi	vi	X
fsr-3851	335	2	.	.	NOUN
fsr-3851	336	1	c	c	NOUN
fsr-3851	336	2	o	o	NOUN
fsr-3851	336	3	n	n	ADP
fsr-3851	336	4	c	c	NOUN
fsr-3851	336	5	l	l	NOUN
fsr-3851	336	6	u	u	NOUN
fsr-3851	336	7	s	s	VERB
fsr-3851	336	8	i	i	PRON
fsr-3851	336	9	o	o	VERB
fsr-3851	336	10	n	n	CCONJ
fsr-3851	336	11	the	the	DET
fsr-3851	336	12	most	most	ADV
fsr-3851	336	13	obvious	obvious	ADJ
fsr-3851	336	14	differences	difference	NOUN
fsr-3851	336	15	between	between	ADP
fsr-3851	336	16	this	this	DET
fsr-3851	336	17	study	study	NOUN
fsr-3851	336	18	and	and	CCONJ
fsr-3851	336	19	others	other	NOUN
fsr-3851	336	20	are	be	AUX
fsr-3851	336	21	the	the	DET
fsr-3851	336	22	temporal	temporal	ADJ
fsr-3851	336	23	distribution	distribution	NOUN
fsr-3851	336	24	of	of	ADP
fsr-3851	336	25	the	the	DET
fsr-3851	336	26	data	datum	NOUN
fsr-3851	336	27	and	and	CCONJ
fsr-3851	336	28	the	the	DET
fsr-3851	336	29	consideration	consideration	NOUN
fsr-3851	336	30	of	of	ADP
fsr-3851	336	31	taxes	taxis	NOUN
fsr-3851	336	32	and	and	CCONJ
fsr-3851	336	33	transaction	transaction	NOUN
fsr-3851	336	34	costs	cost	NOUN
fsr-3851	336	35	.	.	PUNCT
fsr-3851	337	1	the	the	DET
fsr-3851	337	2	strategies	strategy	NOUN
fsr-3851	337	3	tested	test	VERB
fsr-3851	337	4	in	in	ADP
fsr-3851	337	5	this	this	DET
fsr-3851	337	6	paper	paper	NOUN
fsr-3851	337	7	are	be	AUX
fsr-3851	337	8	simple	simple	ADJ
fsr-3851	337	9	and	and	CCONJ
fsr-3851	337	10	relatively	relatively	ADV
fsr-3851	337	11	inexpensive	inexpensive	ADJ
fsr-3851	337	12	.	.	PUNCT
fsr-3851	338	1	investors	investor	NOUN
fsr-3851	338	2	need	need	VERB
fsr-3851	338	3	to	to	PART
fsr-3851	338	4	purchase	purchase	VERB
fsr-3851	338	5	at	at	ADP
fsr-3851	338	6	most	most	ADJ
fsr-3851	338	7	five	five	NUM
fsr-3851	338	8	funds	fund	NOUN
fsr-3851	338	9	to	to	PART
fsr-3851	338	10	implement	implement	VERB
fsr-3851	338	11	the	the	DET
fsr-3851	338	12	trading	trading	NOUN
fsr-3851	338	13	plan	plan	NOUN
fsr-3851	338	14	.	.	PUNCT
fsr-3851	339	1	short	short	ADJ
fsr-3851	339	2	selling	selling	NOUN
fsr-3851	339	3	is	be	AUX
fsr-3851	339	4	not	not	PART
fsr-3851	339	5	used	use	VERB
fsr-3851	339	6	,	,	PUNCT
fsr-3851	339	7	and	and	CCONJ
fsr-3851	339	8	rebalancing	rebalancing	NOUN
fsr-3851	339	9	occurs	occur	VERB
fsr-3851	339	10	annually	annually	ADV
fsr-3851	339	11	.	.	PUNCT
fsr-3851	340	1	the	the	DET
fsr-3851	340	2	purpose	purpose	NOUN
fsr-3851	340	3	of	of	ADP
fsr-3851	340	4	the	the	DET
fsr-3851	340	5	study	study	NOUN
fsr-3851	340	6	is	be	AUX
fsr-3851	340	7	to	to	PART
fsr-3851	340	8	determine	determine	VERB
fsr-3851	340	9	if	if	SCONJ
fsr-3851	340	10	a	a	DET
fsr-3851	340	11	simple	simple	ADJ
fsr-3851	340	12	trading	trading	NOUN
fsr-3851	340	13	strategy	strategy	NOUN
fsr-3851	340	14	can	can	AUX
fsr-3851	340	15	yield	yield	VERB
fsr-3851	340	16	superior	superior	ADJ
fsr-3851	340	17	per	per	ADP
fsr-3851	340	18	formance	formance	NOUN
fsr-3851	340	19	without	without	ADP
fsr-3851	340	20	substantially	substantially	ADV
fsr-3851	340	21	increasing	increase	VERB
fsr-3851	340	22	risk	risk	NOUN
fsr-3851	340	23	.	.	PUNCT
fsr-3851	341	1	the	the	DET
fsr-3851	341	2	results	result	NOUN
fsr-3851	341	3	do	do	AUX
fsr-3851	341	4	not	not	PART
fsr-3851	341	5	support	support	VERB
fsr-3851	341	6	the	the	DET
fsr-3851	341	7	use	use	NOUN
fsr-3851	341	8	of	of	ADP
fsr-3851	341	9	a	a	DET
fsr-3851	341	10	simple	simple	ADJ
fsr-3851	341	11	mechanical	mechanical	ADJ
fsr-3851	341	12	strategy	strategy	NOUN
fsr-3851	341	13	.	.	PUNCT
fsr-3851	342	1	even	even	ADV
fsr-3851	342	2	when	when	SCONJ
fsr-3851	342	3	margin	margin	NOUN
fsr-3851	342	4	ally	ally	NOUN
fsr-3851	342	5	significant	significant	ADJ
fsr-3851	342	6	before	before	ADP
fsr-3851	342	7	-	-	PUNCT
fsr-3851	342	8	tax	tax	NOUN
fsr-3851	342	9	returns	return	NOUN
fsr-3851	342	10	are	be	AUX
fsr-3851	342	11	available	available	ADJ
fsr-3851	342	12	,	,	PUNCT
fsr-3851	342	13	transaction	transaction	NOUN
fsr-3851	342	14	costs	cost	NOUN
fsr-3851	342	15	and	and	CCONJ
fsr-3851	342	16	taxes	taxis	NOUN
fsr-3851	342	17	erode	erode	VERB
fsr-3851	342	18	the	the	DET
fsr-3851	342	19	ben	ben	PROPN
fsr-3851	342	20	efits	efit	NOUN
fsr-3851	342	21	.	.	PUNCT
fsr-3851	343	1	excess	excess	ADJ
fsr-3851	343	2	returns	return	NOUN
fsr-3851	343	3	are	be	AUX
fsr-3851	343	4	not	not	PART
fsr-3851	343	5	possible	possible	ADJ
fsr-3851	343	6	for	for	ADP
fsr-3851	343	7	investors	investor	NOUN
fsr-3851	343	8	lacking	lack	VERB
fsr-3851	343	9	the	the	DET
fsr-3851	343	10	time	time	NOUN
fsr-3851	343	11	or	or	CCONJ
fsr-3851	343	12	resources	resource	NOUN
fsr-3851	343	13	to	to	PART
fsr-3851	343	14	actively	actively	ADV
fsr-3851	343	15	trade	trade	VERB
fsr-3851	343	16	in	in	ADP
fsr-3851	343	17	the	the	DET
fsr-3851	343	18	marketplace	marketplace	NOUN
fsr-3851	343	19	.	.	PUNCT
fsr-3851	344	1	small	small	ADJ
fsr-3851	344	2	investors	investor	NOUN
fsr-3851	344	3	following	follow	VERB
fsr-3851	344	4	simple	simple	ADJ
fsr-3851	344	5	trading	trading	NOUN
fsr-3851	344	6	rules	rule	NOUN
fsr-3851	344	7	with	with	ADP
fsr-3851	344	8	a	a	DET
fsr-3851	344	9	minimum	minimum	NOUN
fsr-3851	344	10	of	of	ADP
fsr-3851	344	11	rebalancing	rebalancing	NOUN
fsr-3851	344	12	are	be	AUX
fsr-3851	344	13	unlikely	unlikely	ADJ
fsr-3851	344	14	to	to	PART
fsr-3851	344	15	earn	earn	VERB
fsr-3851	344	16	the	the	DET
fsr-3851	344	17	abnormal	abnormal	ADJ
fsr-3851	344	18	returns	return	NOUN
fsr-3851	344	19	documented	document	VERB
fsr-3851	344	20	in	in	ADP
fsr-3851	344	21	earlier	early	ADJ
fsr-3851	344	22	studies	study	NOUN
fsr-3851	344	23	.	.	PUNCT
fsr-3851	345	1	this	this	PRON
fsr-3851	345	2	should	should	AUX
fsr-3851	345	3	serve	serve	VERB
fsr-3851	345	4	as	as	ADP
fsr-3851	345	5	a	a	DET
fsr-3851	345	6	warning	warning	NOUN
fsr-3851	345	7	to	to	ADP
fsr-3851	345	8	investors	investor	NOUN
fsr-3851	345	9	lured	lure	VERB
fsr-3851	345	10	by	by	ADP
fsr-3851	345	11	the	the	DET
fsr-3851	345	12	promise	promise	NOUN
fsr-3851	345	13	of	of	ADP
fsr-3851	345	14	excess	excess	ADJ
fsr-3851	345	15	returns	return	NOUN
fsr-3851	345	16	from	from	ADP
fsr-3851	345	17	ceic	ceic	VERB
fsr-3851	345	18	funds	fund	NOUN
fsr-3851	345	19	selling	sell	VERB
fsr-3851	345	20	at	at	ADP
fsr-3851	345	21	discounts	discount	NOUN
fsr-3851	345	22	.	.	PUNCT
fsr-3851	346	1	it	it	PRON
fsr-3851	346	2	is	be	AUX
fsr-3851	346	3	important	important	ADJ
fsr-3851	346	4	for	for	SCONJ
fsr-3851	346	5	small	small	ADJ
fsr-3851	346	6	investors	investor	NOUN
fsr-3851	346	7	to	to	PART
fsr-3851	346	8	be	be	AUX
fsr-3851	346	9	aware	aware	ADJ
fsr-3851	346	10	of	of	ADP
fsr-3851	346	11	the	the	DET
fsr-3851	346	12	need	need	NOUN
fsr-3851	346	13	for	for	ADP
fsr-3851	346	14	additional	additional	ADJ
fsr-3851	346	15	monitoring	monitoring	NOUN
fsr-3851	346	16	,	,	PUNCT
fsr-3851	346	17	more	more	ADV
fsr-3851	346	18	frequent	frequent	ADJ
fsr-3851	346	19	trading	trading	NOUN
fsr-3851	346	20	,	,	PUNCT
fsr-3851	346	21	larger	large	ADJ
fsr-3851	346	22	initial	initial	ADJ
fsr-3851	346	23	investments	investment	NOUN
fsr-3851	346	24	,	,	PUNCT
fsr-3851	346	25	or	or	CCONJ
fsr-3851	346	26	short	short	ADJ
fsr-3851	346	27	selling	selling	NOUN
fsr-3851	346	28	if	if	SCONJ
fsr-3851	346	29	they	they	PRON
fsr-3851	346	30	want	want	VERB
fsr-3851	346	31	to	to	PART
fsr-3851	346	32	use	use	VERB
fsr-3851	346	33	ceic	ceic	VERB
fsr-3851	346	34	funds	fund	NOUN
fsr-3851	346	35	to	to	PART
fsr-3851	346	36	outperform	outperform	VERB
fsr-3851	346	37	the	the	DET
fsr-3851	346	38	market	market	NOUN
fsr-3851	346	39	.	.	PUNCT
fsr-3851	347	1	investors	investor	NOUN
fsr-3851	347	2	wanting	want	VERB
fsr-3851	347	3	to	to	PART
fsr-3851	347	4	avoid	avoid	VERB
fsr-3851	347	5	these	these	DET
fsr-3851	347	6	complications	complication	NOUN
fsr-3851	347	7	should	should	AUX
fsr-3851	347	8	consider	consider	VERB
fsr-3851	347	9	alternative	alternative	ADJ
fsr-3851	347	10	investments	investment	NOUN
fsr-3851	347	11	.	.	PUNCT
fsr-3851	348	1	references	reference	NOUN
fsr-3851	348	2	anderson	anderson	PROPN
fsr-3851	348	3	,	,	PUNCT
fsr-3851	348	4	s.	s.	PROPN
fsr-3851	348	5	c.	c.	PROPN
fsr-3851	348	6	(	(	PUNCT
fsr-3851	348	7	1986	1986	NUM
fsr-3851	348	8	)	)	PUNCT
fsr-3851	348	9	.	.	PUNCT
fsr-3851	349	1	closed	close	VERB
fsr-3851	349	2	-	-	PUNCT
fsr-3851	349	3	end	end	NOUN
fsr-3851	349	4	funds	fund	NOUN
fsr-3851	349	5	versus	versus	ADP
fsr-3851	349	6	market	market	NOUN
fsr-3851	349	7	efficiency	efficiency	NOUN
fsr-3851	349	8	.	.	PUNCT
fsr-3851	350	1	journal	journal	PROPN
fsr-3851	350	2	of	of	ADP
fsr-3851	350	3	portfolio	portfolio	NOUN
fsr-3851	350	4	manage	manage	VERB
fsr-3851	350	5	ment	ment	NOUN
fsr-3851	350	6	,	,	PUNCT
fsr-3851	350	7	fall	fall	NOUN
fsr-3851	350	8	,	,	PUNCT
fsr-3851	350	9	63	63	NUM
fsr-3851	350	10	-	-	SYM
fsr-3851	350	11	65	65	NUM
fsr-3851	350	12	.	.	PUNCT
fsr-3851	351	1	barry	barry	PROPN
fsr-3851	351	2	,	,	PUNCT
fsr-3851	351	3	c.	c.	PROPN
fsr-3851	351	4	b.	b.	PROPN
fsr-3851	351	5	,	,	PUNCT
fsr-3851	351	6	&	&	CCONJ
fsr-3851	351	7	jennings	jennings	PROPN
fsr-3851	351	8	,	,	PUNCT
fsr-3851	351	9	r.	r.	PROPN
fsr-3851	351	10	h.	h.	PROPN
fsr-3851	351	11	(	(	PUNCT
fsr-3851	351	12	1993	1993	NUM
fsr-3851	351	13	)	)	PUNCT
fsr-3851	351	14	.	.	PUNCT
fsr-3851	352	1	the	the	DET
fsr-3851	352	2	opening	opening	NOUN
fsr-3851	352	3	price	price	NOUN
fsr-3851	352	4	performance	performance	NOUN
fsr-3851	352	5	of	of	ADP
fsr-3851	352	6	initial	initial	ADJ
fsr-3851	352	7	public	public	ADJ
fsr-3851	352	8	offerings	offering	NOUN
fsr-3851	352	9	of	of	ADP
fsr-3851	352	10	common	common	ADJ
fsr-3851	352	11	stock	stock	NOUN
fsr-3851	352	12	.	.	PUNCT
fsr-3851	353	1	financial	financial	ADJ
fsr-3851	353	2	management	management	NOUN
fsr-3851	353	3	,	,	PUNCT
fsr-3851	353	4	22(1	22(1	NUM
fsr-3851	353	5	)	)	PUNCT
fsr-3851	353	6	,	,	PUNCT
fsr-3851	353	7	54	54	NUM
fsr-3851	353	8	-	-	NUM
fsr-3851	353	9	-63	-63	NUM
fsr-3851	353	10	.	.	PUNCT
fsr-3851	353	11	barry	barry	PROPN
fsr-3851	353	12	,	,	PUNCT
fsr-3851	353	13	c.	c.	PROPN
fsr-3851	353	14	b.	b.	PROPN
fsr-3851	353	15	,	,	PUNCT
fsr-3851	353	16	&	&	CCONJ
fsr-3851	353	17	peavy	peavy	PROPN
fsr-3851	353	18	,	,	PUNCT
fsr-3851	353	19	j.	j.	PROPN
fsr-3851	353	20	w.	w.	PROPN
fsr-3851	353	21	,	,	PUNCT
fsr-3851	353	22	iii	iii	PROPN
fsr-3851	353	23	.	.	PUNCT
fsr-3851	353	24	(	(	PUNCT
fsr-3851	353	25	1990	1990	NUM
fsr-3851	353	26	)	)	PUNCT
fsr-3851	353	27	.	.	PUNCT
fsr-3851	354	1	risk	risk	NOUN
fsr-3851	354	2	characteristics	characteristic	NOUN
fsr-3851	354	3	of	of	ADP
fsr-3851	354	4	closed	close	VERB
fsr-3851	354	5	-	-	PUNCT
fsr-3851	354	6	end	end	NOUN
fsr-3851	354	7	stock	stock	NOUN
fsr-3851	354	8	fund	fund	PROPN
fsr-3851	354	9	ipos	ipos	PROPN
fsr-3851	354	10	.	.	PUNCT
fsr-3851	355	1	journal	journal	PROPN
fsr-3851	355	2	of	of	ADP
fsr-3851	355	3	financial	financial	ADJ
fsr-3851	355	4	services	service	NOUN
fsr-3851	355	5	research	research	NOUN
fsr-3851	355	6	,	,	PUNCT
fsr-3851	355	7	4	4	NUM
fsr-3851	355	8	(	(	SYM
fsr-3851	355	9	1	1	NUM
fsr-3851	355	10	)	)	PUNCT
fsr-3851	355	11	,	,	PUNCT
fsr-3851	355	12	65	65	NUM
fsr-3851	355	13	-	-	SYM
fsr-3851	355	14	76	76	NUM
fsr-3851	355	15	.	.	PUNCT
fsr-3851	356	1	brauer	brauer	PROPN
fsr-3851	356	2	,	,	PUNCT
fsr-3851	356	3	g.	g.	PROPN
fsr-3851	356	4	a.	a.	PROPN
fsr-3851	356	5	(	(	PUNCT
fsr-3851	356	6	1984	1984	NUM
fsr-3851	356	7	)	)	PUNCT
fsr-3851	356	8	.	.	PUNCT
fsr-3851	357	1	'	'	PUNCT
fsr-3851	357	2	open	open	ADJ
fsr-3851	357	3	-	-	PUNCT
fsr-3851	357	4	ending	end	VERB
fsr-3851	357	5	'	'	PUNCT
fsr-3851	357	6	closed	closed	ADJ
fsr-3851	357	7	-	-	PUNCT
fsr-3851	357	8	end	end	NOUN
fsr-3851	357	9	funds	fund	NOUN
fsr-3851	357	10	.	.	PUNCT
fsr-3851	358	1	journal	journal	NOUN
fsr-3851	358	2	of	of	ADP
fsr-3851	358	3	financial	financial	ADJ
fsr-3851	358	4	economics	economic	NOUN
fsr-3851	358	5	,	,	PUNCT
fsr-3851	358	6	•3(4	•3(4	PROPN
fsr-3851	358	7	)	)	PUNCT
fsr-3851	358	8	,	,	PUNCT
fsr-3851	358	9	491	491	NUM
fsr-3851	358	10	507	507	NUM
fsr-3851	358	11	.	.	PUNCT
fsr-3851	359	1	brauer	brauer	PROPN
fsr-3851	359	2	,	,	PUNCT
fsr-3851	359	3	g.	g.	PROPN
fsr-3851	359	4	a.	a.	PROPN
fsr-3851	359	5	(	(	PUNCT
fsr-3851	359	6	1988	1988	NUM
fsr-3851	359	7	)	)	PUNCT
fsr-3851	359	8	.	.	PUNCT
fsr-3851	360	1	closed	close	VERB
fsr-3851	360	2	-	-	PUNCT
fsr-3851	360	3	end	end	NOUN
fsr-3851	360	4	fund	fund	NOUN
fsr-3851	360	5	shares	share	NOUN
fsr-3851	360	6	'	'	PART
fsr-3851	360	7	abnormal	abnormal	ADJ
fsr-3851	360	8	returns	return	NOUN
fsr-3851	360	9	and	and	CCONJ
fsr-3851	360	10	the	the	DET
fsr-3851	360	11	information	information	NOUN
fsr-3851	360	12	content	content	NOUN
fsr-3851	360	13	of	of	ADP
fsr-3851	360	14	dis	dis	PROPN
fsr-3851	360	15	counts	count	NOUN
fsr-3851	360	16	and	and	CCONJ
fsr-3851	360	17	premiums	premium	NOUN
fsr-3851	360	18	.	.	PUNCT
fsr-3851	361	1	journal	journal	PROPN
fsr-3851	361	2	of	of	ADP
fsr-3851	361	3	finance	finance	NOUN
fsr-3851	361	4	,	,	PUNCT
fsr-3851	361	5	43(1	43(1	NOUN
fsr-3851	361	6	)	)	PUNCT
fsr-3851	361	7	,	,	PUNCT
fsr-3851	361	8	113	113	NUM
fsr-3851	361	9	-	-	SYM
fsr-3851	361	10	127	127	NUM
fsr-3851	361	11	.	.	PUNCT
fsr-3851	362	1	brickley	brickley	PROPN
fsr-3851	362	2	,	,	PUNCT
fsr-3851	362	3	j.	j.	PROPN
fsr-3851	362	4	,	,	PUNCT
fsr-3851	362	5	&	&	CCONJ
fsr-3851	362	6	schallheim	schallheim	PROPN
fsr-3851	362	7	,	,	PUNCT
fsr-3851	362	8	j.	j.	PROPN
fsr-3851	362	9	s.	s.	PROPN
fsr-3851	362	10	(	(	PUNCT
fsr-3851	362	11	1985	1985	NUM
fsr-3851	362	12	)	)	PUNCT
fsr-3851	362	13	.	.	PUNCT
fsr-3851	363	1	lifting	lift	VERB
fsr-3851	363	2	the	the	DET
fsr-3851	363	3	lid	lid	NOUN
fsr-3851	363	4	on	on	ADP
fsr-3851	363	5	closed	closed	ADJ
fsr-3851	363	6	-	-	PUNCT
fsr-3851	363	7	end	end	NOUN
fsr-3851	363	8	investment	investment	NOUN
fsr-3851	363	9	companies	company	NOUN
fsr-3851	363	10	:	:	PUNCT
fsr-3851	363	11	a	a	DET
fsr-3851	363	12	case	case	NOUN
fsr-3851	363	13	of	of	ADP
fsr-3851	363	14	abnormal	abnormal	ADJ
fsr-3851	363	15	returns	return	NOUN
fsr-3851	363	16	.	.	PUNCT
fsr-3851	364	1	journal	journal	NOUN
fsr-3851	364	2	of	of	ADP
fsr-3851	364	3	financial	financial	ADJ
fsr-3851	364	4	and	and	CCONJ
fsr-3851	364	5	quantitative	quantitative	ADJ
fsr-3851	364	6	analysis	analysis	NOUN
fsr-3851	364	7	,	,	PUNCT
fsr-3851	364	8	20(1	20(1	NUM
fsr-3851	364	9	)	)	PUNCT
fsr-3851	364	10	,	,	PUNCT
fsr-3851	364	11	107	107	NUM
fsr-3851	364	12	-	-	SYM
fsr-3851	364	13	118	118	NUM
fsr-3851	364	14	.	.	PUNCT
fsr-3851	364	15	closed	close	VERB
fsr-3851	364	16	-	-	PUNCT
fsr-3851	364	17	end	end	NOUN
fsr-3851	364	18	investment	investment	NOUN
fsr-3851	364	19	companies	company	NOUN
fsr-3851	364	20	93	93	NUM
fsr-3851	364	21	federal	federal	PROPN
fsr-3851	364	22	reserve	reserve	PROPN
fsr-3851	364	23	board	board	PROPN
fsr-3851	364	24	(	(	PUNCT
fsr-3851	364	25	1975	1975	NUM
fsr-3851	364	26	,	,	PUNCT
fsr-3851	364	27	1979	1979	NUM
fsr-3851	364	28	,	,	PUNCT
fsr-3851	364	29	1982	1982	NUM
fsr-3851	364	30	,	,	PUNCT
fsr-3851	364	31	1985	1985	NUM
fsr-3851	364	32	,	,	PUNCT
fsr-3851	364	33	1988	1988	NUM
fsr-3851	364	34	,	,	PUNCT
fsr-3851	364	35	and	and	CCONJ
fsr-3851	364	36	1991	1991	NUM
fsr-3851	364	37	)	)	PUNCT
fsr-3851	364	38	.	.	PUNCT
fsr-3851	365	1	interest	interest	NOUN
fsr-3851	365	2	rates	rate	NOUN
fsr-3851	365	3	:	:	PUNCT
fsr-3851	365	4	money	money	NOUN
fsr-3851	365	5	and	and	CCONJ
fsr-3851	365	6	capital	capital	NOUN
fsr-3851	365	7	markets	market	NOUN
fsr-3851	365	8	(	(	PUNCT
fsr-3851	365	9	statistical	statistical	ADJ
fsr-3851	365	10	table	table	NOUN
fsr-3851	365	11	)	)	PUNCT
fsr-3851	365	12	.	.	PUNCT
fsr-3851	366	1	federal	federal	PROPN
fsr-3851	366	2	reserve	reserve	PROPN
fsr-3851	366	3	bulletin	bulletin	PROPN
fsr-3851	366	4	.	.	PUNCT
fsr-3851	367	1	kim	kim	PROPN
fsr-3851	367	2	,	,	PUNCT
fsr-3851	367	3	c.-s	c.-	NOUN
fsr-3851	367	4	.	.	PUNCT
fsr-3851	368	1	(	(	PUNCT
fsr-3851	368	2	1994	1994	NUM
fsr-3851	368	3	)	)	PUNCT
fsr-3851	368	4	.	.	PUNCT
fsr-3851	369	1	investor	investor	NOUN
fsr-3851	369	2	tax	tax	NOUN
fsr-3851	369	3	-	-	PUNCT
fsr-3851	369	4	trading	trading	NOUN
fsr-3851	369	5	opportunities	opportunity	NOUN
fsr-3851	369	6	and	and	CCONJ
fsr-3851	369	7	discounts	discount	NOUN
fsr-3851	369	8	on	on	ADP
fsr-3851	369	9	closed	closed	ADJ
fsr-3851	369	10	-	-	PUNCT
fsr-3851	369	11	end	end	NOUN
fsr-3851	369	12	mutual	mutual	ADJ
fsr-3851	369	13	funds	fund	NOUN
fsr-3851	369	14	.	.	PUNCT
fsr-3851	370	1	journal	journal	NOUN
fsr-3851	370	2	of	of	ADP
fsr-3851	370	3	financial	financial	ADJ
fsr-3851	370	4	research	research	NOUN
fsr-3851	370	5	,	,	PUNCT
fsr-3851	370	6	17(1	17(1	NUM
fsr-3851	370	7	)	)	PUNCT
fsr-3851	370	8	,	,	PUNCT
fsr-3851	370	9	65	65	NUM
fsr-3851	370	10	-	-	SYM
fsr-3851	370	11	75	75	NUM
fsr-3851	370	12	.	.	PUNCT
fsr-3851	371	1	malkiel	malkiel	PROPN
fsr-3851	371	2	,	,	PUNCT
fsr-3851	371	3	b.	b.	PROPN
fsr-3851	371	4	g.	g.	PROPN
fsr-3851	371	5	(	(	PUNCT
fsr-3851	371	6	1977	1977	NUM
fsr-3851	371	7	)	)	PUNCT
fsr-3851	371	8	.	.	PUNCT
fsr-3851	372	1	the	the	DET
fsr-3851	372	2	valuation	valuation	NOUN
fsr-3851	372	3	of	of	ADP
fsr-3851	372	4	closed	close	VERB
fsr-3851	372	5	-	-	PUNCT
fsr-3851	372	6	end	end	NOUN
fsr-3851	372	7	investment	investment	NOUN
fsr-3851	372	8	company	company	NOUN
fsr-3851	372	9	shares	share	NOUN
fsr-3851	372	10	.	.	PUNCT
fsr-3851	373	1	journal	journal	NOUN
fsr-3851	373	2	of	of	ADP
fsr-3851	373	3	finance	finance	PROPN
fsr-3851	373	4	,	,	PUNCT
fsr-3851	373	5	june	june	PROPN
fsr-3851	373	6	,	,	PUNCT
fsr-3851	373	7	847	847	NUM
fsr-3851	373	8	-	-	SYM
fsr-3851	373	9	-859	-859	PROPN
fsr-3851	373	10	.	.	PROPN
fsr-3851	373	11	morris	morris	PROPN
fsr-3851	373	12	,	,	PUNCT
fsr-3851	373	13	m.	m.	PROPN
fsr-3851	373	14	h.	h.	PROPN
fsr-3851	373	15	,	,	PUNCT
fsr-3851	373	16	&	&	CCONJ
fsr-3851	373	17	scanlon	scanlon	PROPN
fsr-3851	373	18	,	,	PUNCT
fsr-3851	373	19	k.	k.	PROPN
fsr-3851	373	20	(	(	PUNCT
fsr-3851	373	21	1996	1996	NUM
fsr-3851	373	22	)	)	PUNCT
fsr-3851	373	23	.	.	PUNCT
fsr-3851	374	1	a	a	DET
fsr-3851	374	2	reexamination	reexamination	NOUN
fsr-3851	374	3	of	of	ADP
fsr-3851	374	4	the	the	DET
fsr-3851	374	5	tax	tax	NOUN
fsr-3851	374	6	motivation	motivation	NOUN
fsr-3851	374	7	for	for	ADP
fsr-3851	374	8	closed	closed	ADJ
fsr-3851	374	9	-	-	PUNCT
fsr-3851	374	10	end	end	NOUN
fsr-3851	374	11	dis	dis	PROPN
fsr-3851	374	12	counts	count	NOUN
fsr-3851	374	13	.	.	PUNCT
fsr-3851	375	1	journal	journal	NOUN
fsr-3851	375	2	of	of	ADP
fsr-3851	375	3	accounting	accounting	NOUN
fsr-3851	375	4	,	,	PUNCT
fsr-3851	375	5	auditing	auditing	NOUN
fsr-3851	375	6	,	,	PUNCT
fsr-3851	375	7	and	and	CCONJ
fsr-3851	375	8	finance	finance	NOUN
fsr-3851	375	9	,	,	PUNCT
fsr-3851	375	10	11(2	11(2	NOUN
fsr-3851	375	11	)	)	PUNCT
fsr-3851	375	12	,	,	PUNCT
fsr-3851	375	13	323	323	NUM
fsr-3851	375	14	-	-	SYM
fsr-3851	375	15	332	332	NUM
fsr-3851	375	16	.	.	PUNCT
fsr-3851	376	1	palomino	palomino	PROPN
fsr-3851	376	2	,	,	PUNCT
fsr-3851	376	3	f.	f.	PROPN
fsr-3851	376	4	(	(	PUNCT
fsr-3851	376	5	1996	1996	NUM
fsr-3851	376	6	)	)	PUNCT
fsr-3851	376	7	.	.	PUNCT
fsr-3851	377	1	noise	noise	NOUN
fsr-3851	377	2	trading	trading	NOUN
fsr-3851	377	3	in	in	ADP
fsr-3851	377	4	small	small	ADJ
fsr-3851	377	5	markets	market	NOUN
fsr-3851	377	6	.	.	PUNCT
fsr-3851	378	1	journal	journal	PROPN
fsr-3851	378	2	of	of	ADP
fsr-3851	378	3	finance	finance	NOUN
fsr-3851	378	4	,	,	PUNCT
fsr-3851	378	5	5•(4	5•(4	NUM
fsr-3851	378	6	)	)	PUNCT
fsr-3851	378	7	,	,	PUNCT
fsr-3851	378	8	1537	1537	NUM
fsr-3851	378	9	-	-	SYM
fsr-3851	378	10	1550	1550	NUM
fsr-3851	378	11	.	.	PUNCT
fsr-3851	379	1	pesaran	pesaran	VERB
fsr-3851	379	2	,	,	PUNCT
fsr-3851	379	3	m.	m.	PROPN
fsr-3851	379	4	h.	h.	PROPN
fsr-3851	379	5	,	,	PUNCT
fsr-3851	379	6	&	&	CCONJ
fsr-3851	379	7	timmermann	timmermann	PROPN
fsr-3851	379	8	,	,	PUNCT
fsr-3851	379	9	a.	a.	NOUN
fsr-3851	379	10	(	(	PUNCT
fsr-3851	379	11	1994	1994	NUM
fsr-3851	379	12	)	)	PUNCT
fsr-3851	379	13	.	.	PUNCT
fsr-3851	380	1	forecasting	forecast	VERB
fsr-3851	380	2	stock	stock	NOUN
fsr-3851	380	3	returns	return	NOUN
fsr-3851	380	4	:	:	PUNCT
fsr-3851	380	5	an	an	DET
fsr-3851	380	6	examination	examination	NOUN
fsr-3851	380	7	of	of	ADP
fsr-3851	380	8	stock	stock	PROPN
fsr-3851	380	9	mar	mar	PROPN
fsr-3851	380	10	ket	ket	PROPN
fsr-3851	380	11	trading	trading	NOUN
fsr-3851	380	12	in	in	ADP
fsr-3851	380	13	the	the	DET
fsr-3851	380	14	presence	presence	NOUN
fsr-3851	380	15	of	of	ADP
fsr-3851	380	16	transaction	transaction	NOUN
fsr-3851	380	17	costs	cost	NOUN
fsr-3851	380	18	.	.	PUNCT
fsr-3851	381	1	journal	journal	NOUN
fsr-3851	381	2	of	of	ADP
fsr-3851	381	3	forecasting	forecasting	NOUN
fsr-3851	381	4	,	,	PUNCT
fsr-3851	381	5	•3(4	•3(4	PROPN
fsr-3851	381	6	)	)	PUNCT
fsr-3851	381	7	,	,	PUNCT
fsr-3851	381	8	335	335	NUM
fsr-3851	381	9	-	-	SYM
fsr-3851	381	10	367	367	NUM
fsr-3851	381	11	.	.	PUNCT
fsr-3851	381	12	pontiff	pontiff	NOUN
fsr-3851	381	13	,	,	PUNCT
fsr-3851	381	14	j.	j.	PROPN
fsr-3851	381	15	(	(	PUNCT
fsr-3851	381	16	1994	1994	NUM
fsr-3851	381	17	)	)	PUNCT
fsr-3851	381	18	.	.	PUNCT
fsr-3851	382	1	closed	close	VERB
fsr-3851	382	2	-	-	PUNCT
fsr-3851	382	3	end	end	NOUN
fsr-3851	382	4	fund	fund	NOUN
fsr-3851	382	5	premia	premia	NOUN
fsr-3851	382	6	and	and	CCONJ
fsr-3851	382	7	returns	return	NOUN
fsr-3851	382	8	:	:	PUNCT
fsr-3851	382	9	implications	implication	NOUN
fsr-3851	382	10	for	for	ADP
fsr-3851	382	11	financial	financial	ADJ
fsr-3851	382	12	market	market	NOUN
fsr-3851	382	13	equilibria	equilibrium	NOUN
fsr-3851	382	14	.	.	PUNCT
fsr-3851	383	1	journal	journal	NOUN
fsr-3851	383	2	of	of	ADP
fsr-3851	383	3	financial	financial	ADJ
fsr-3851	383	4	economics	economic	NOUN
fsr-3851	383	5	,	,	PUNCT
fsr-3851	383	6	3	3	NUM
fsr-3851	383	7	7(3	7(3	NUM
fsr-3851	383	8	)	)	PUNCT
fsr-3851	383	9	,	,	PUNCT
fsr-3851	383	10	341	341	NUM
fsr-3851	383	11	-	-	SYM
fsr-3851	383	12	370	370	NUM
fsr-3851	383	13	.	.	PUNCT
fsr-3851	384	1	pratt	pratt	PROPN
fsr-3851	384	2	,	,	PUNCT
fsr-3851	384	3	e.	e.	PROPN
fsr-3851	384	4	j.	j.	PROPN
fsr-3851	384	5	(	(	PUNCT
fsr-3851	384	6	1966	1966	NUM
fsr-3851	384	7	)	)	PUNCT
fsr-3851	384	8	.	.	PUNCT
fsr-3851	385	1	myths	myth	NOUN
fsr-3851	385	2	associated	associate	VERB
fsr-3851	385	3	with	with	ADP
fsr-3851	385	4	closed	close	VERB
fsr-3851	385	5	-	-	PUNCT
fsr-3851	385	6	end	end	NOUN
fsr-3851	385	7	investment	investment	NOUN
fsr-3851	385	8	company	company	NOUN
fsr-3851	385	9	discounts	discount	NOUN
fsr-3851	385	10	.	.	PUNCT
fsr-3851	386	1	financial	financial	ADJ
fsr-3851	386	2	ana	ana	PROPN
fsr-3851	386	3	lysts	lysts	PROPN
fsr-3851	386	4	journal	journal	PROPN
fsr-3851	386	5	,	,	PUNCT
fsr-3851	386	6	july	july	PROPN
fsr-3851	386	7	-	-	PUNCT
fsr-3851	386	8	august	august	PROPN
fsr-3851	386	9	.	.	PUNCT
fsr-3851	387	1	richards	richards	PROPN
fsr-3851	387	2	,	,	PUNCT
fsr-3851	387	3	r.	r.	PROPN
fsr-3851	387	4	m.	m.	PROPN
fsr-3851	387	5	,	,	PUNCT
fsr-3851	387	6	fraser	fraser	PROPN
fsr-3851	387	7	,	,	PUNCT
fsr-3851	387	8	d.	d.	PROPN
fsr-3851	387	9	r.	r.	PROPN
fsr-3851	387	10	,	,	PUNCT
fsr-3851	387	11	&	&	CCONJ
fsr-3851	387	12	groth	groth	PROPN
fsr-3851	387	13	,	,	PUNCT
fsr-3851	387	14	j.	j.	PROPN
fsr-3851	387	15	c.	c.	PROPN
fsr-3851	387	16	(	(	PUNCT
fsr-3851	387	17	1980	1980	NUM
fsr-3851	387	18	)	)	PUNCT
fsr-3851	387	19	.	.	PUNCT
fsr-3851	388	1	winning	win	VERB
fsr-3851	388	2	strategies	strategy	NOUN
fsr-3851	388	3	for	for	ADP
fsr-3851	388	4	closed	closed	ADJ
fsr-3851	388	5	-	-	PUNCT
fsr-3851	388	6	end	end	NOUN
fsr-3851	388	7	funds	fund	NOUN
fsr-3851	388	8	.	.	PUNCT
fsr-3851	389	1	jour	jour	PROPN
fsr-3851	389	2	nal	nal	PROPN
fsr-3851	389	3	of	of	ADP
fsr-3851	389	4	portfolio	portfolio	NOUN
fsr-3851	389	5	management	management	NOUN
fsr-3851	389	6	,	,	PUNCT
fsr-3851	389	7	fall	fall	NOUN
fsr-3851	389	8	,	,	PUNCT
fsr-3851	389	9	50	50	NUM
fsr-3851	389	10	-	-	SYM
fsr-3851	389	11	55	55	NUM
fsr-3851	389	12	.	.	PUNCT
fsr-3851	390	1	standard	standard	PROPN
fsr-3851	390	2	&	&	CCONJ
fsr-3851	390	3	poor	poor	PROPN
fsr-3851	390	4	's	's	PART
fsr-3851	390	5	.	.	PUNCT
fsr-3851	391	1	(	(	PUNCT
fsr-3851	391	2	1995	1995	NUM
fsr-3851	391	3	-	-	SYM
fsr-3851	391	4	1996	1996	NUM
fsr-3851	391	5	)	)	PUNCT
fsr-3851	391	6	.	.	PUNCT
fsr-3851	392	1	s&p	s&p	PROPN
fsr-3851	392	2	nyse	nyse	PROPN
fsr-3851	392	3	stock	stock	PROPN
fsr-3851	392	4	reports	report	NOUN
fsr-3851	392	5	.	.	PUNCT
fsr-3851	393	1	standard	standard	PROPN
fsr-3851	393	2	&	&	CCONJ
fsr-3851	393	3	poor	poor	PROPN
fsr-3851	393	4	's	's	PART
fsr-3851	393	5	.	.	PUNCT
fsr-3851	394	1	(	(	PUNCT
fsr-3851	394	2	1994	1994	NUM
fsr-3851	394	3	)	)	PUNCT
fsr-3851	394	4	.	.	PUNCT
fsr-3851	395	1	annual	annual	ADJ
fsr-3851	395	2	range	range	NOUN
fsr-3851	395	3	,	,	PUNCT
fsr-3851	395	4	and	and	CCONJ
fsr-3851	395	5	close	close	ADJ
fsr-3851	395	6	of	of	ADP
fsr-3851	395	7	daily	daily	ADJ
fsr-3851	395	8	indexes	index	NOUN
fsr-3851	395	9	(	(	PUNCT
fsr-3851	395	10	statistical	statistical	ADJ
fsr-3851	395	11	table	table	NOUN
fsr-3851	395	12	,	,	PUNCT
fsr-3851	395	13	p.	p.	NOUN
fsr-3851	395	14	1	1	NUM
fsr-3851	395	15	)	)	PUNCT
fsr-3851	395	16	.	.	PUNCT
fsr-3851	396	1	s&p	s&p	PROPN
fsr-3851	396	2	security	security	NOUN
fsr-3851	396	3	price	price	NOUN
fsr-3851	396	4	index	index	NOUN
fsr-3851	396	5	record	record	NOUN
fsr-3851	396	6	.	.	PUNCT
fsr-3851	397	1	standard	standard	PROPN
fsr-3851	397	2	&	&	CCONJ
fsr-3851	397	3	poor	poor	PROPN
fsr-3851	397	4	's	's	PART
fsr-3851	397	5	.	.	PUNCT
fsr-3851	398	1	(	(	PUNCT
fsr-3851	398	2	1994	1994	NUM
fsr-3851	398	3	)	)	PUNCT
fsr-3851	398	4	.	.	PUNCT
fsr-3851	399	1	yield	yield	NOUN
fsr-3851	399	2	of	of	ADP
fsr-3851	399	3	the	the	DET
fsr-3851	399	4	s&p	s&p	PROPN
fsr-3851	399	5	daily	daily	ADJ
fsr-3851	399	6	stock	stock	NOUN
fsr-3851	399	7	price	price	NOUN
fsr-3851	399	8	indexes	index	NOUN
fsr-3851	399	9	(	(	PUNCT
fsr-3851	399	10	statistical	statistical	ADJ
fsr-3851	399	11	table	table	NOUN
fsr-3851	399	12	,	,	PUNCT
fsr-3851	399	13	p.	p.	NOUN
fsr-3851	399	14	127	127	NUM
fsr-3851	399	15	)	)	PUNCT
fsr-3851	399	16	.	.	PUNCT
fsr-3851	400	1	s&p	s&p	PROPN
fsr-3851	400	2	security	security	NOUN
fsr-3851	400	3	price	price	NOUN
fsr-3851	400	4	index	index	NOUN
fsr-3851	400	5	record	record	NOUN
fsr-3851	400	6	.	.	PUNCT
fsr-3851	401	1	standard	standard	PROPN
fsr-3851	401	2	&	&	CCONJ
fsr-3851	401	3	poor	poor	PROPN
fsr-3851	401	4	's	's	PART
fsr-3851	401	5	.	.	PUNCT
fsr-3851	402	1	(	(	PUNCT
fsr-3851	402	2	1995	1995	NUM
fsr-3851	402	3	-	-	SYM
fsr-3851	402	4	1996	1996	NUM
fsr-3851	402	5	)	)	PUNCT
fsr-3851	402	6	.	.	PUNCT
fsr-3851	403	1	market	market	NOUN
fsr-3851	403	2	measures	measure	NOUN
fsr-3851	403	3	(	(	PUNCT
fsr-3851	403	4	statistical	statistical	ADJ
fsr-3851	403	5	table	table	NOUN
fsr-3851	403	6	)	)	PUNCT
fsr-3851	403	7	.	.	PUNCT
fsr-3851	404	1	s&p	s&p	PROPN
fsr-3851	404	2	stock	stock	NOUN
fsr-3851	404	3	market	market	NOUN
fsr-3851	404	4	encyclope	encyclope	NOUN
fsr-3851	404	5	dia	dia	PROPN
fsr-3851	404	6	,	,	PUNCT
fsr-3851	404	7	17(1	17(1	NUM
fsr-3851	404	8	)	)	PUNCT
fsr-3851	404	9	,	,	PUNCT
fsr-3851	404	10	3	3	X
fsr-3851	404	11	.	.	NOUN
fsr-3851	404	12	standard	standard	PROPN
fsr-3851	404	13	&	&	CCONJ
fsr-3851	404	14	poor	poor	PROPN
fsr-3851	404	15	's	's	PART
fsr-3851	404	16	.	.	PUNCT
fsr-3851	405	1	(	(	PUNCT
fsr-3851	405	2	1996	1996	NUM
fsr-3851	405	3	)	)	PUNCT
fsr-3851	405	4	.	.	PUNCT
fsr-3851	406	1	market	market	NOUN
fsr-3851	406	2	measures	measure	NOUN
fsr-3851	406	3	(	(	PUNCT
fsr-3851	406	4	statistical	statistical	ADJ
fsr-3851	406	5	table	table	NOUN
fsr-3851	406	6	)	)	PUNCT
fsr-3851	406	7	.	.	PUNCT
fsr-3851	407	1	s&p	s&p	PROPN
fsr-3851	407	2	stock	stock	NOUN
fsr-3851	407	3	market	market	NOUN
fsr-3851	407	4	encyclopedia	encyclopedia	NOUN
fsr-3851	407	5	,	,	PUNCT
fsr-3851	407	6	18(1	18(1	NUM
fsr-3851	407	7	)	)	PUNCT
fsr-3851	407	8	,	,	PUNCT
fsr-3851	407	9	3	3	X
fsr-3851	407	10	.	.	X
fsr-3851	407	11	thompson	thompson	PROPN
fsr-3851	407	12	,	,	PUNCT
fsr-3851	407	13	r.	r.	PROPN
fsr-3851	407	14	(	(	PUNCT
fsr-3851	407	15	1978	1978	NUM
fsr-3851	407	16	)	)	PUNCT
fsr-3851	407	17	.	.	PUNCT
fsr-3851	408	1	the	the	DET
fsr-3851	408	2	information	information	NOUN
fsr-3851	408	3	content	content	NOUN
fsr-3851	408	4	of	of	ADP
fsr-3851	408	5	discounts	discount	NOUN
fsr-3851	408	6	and	and	CCONJ
fsr-3851	408	7	premiums	premium	NOUN
fsr-3851	408	8	on	on	ADP
fsr-3851	408	9	closed	closed	ADJ
fsr-3851	408	10	-	-	PUNCT
fsr-3851	408	11	end	end	NOUN
fsr-3851	408	12	funds	fund	NOUN
fsr-3851	408	13	.	.	PUNCT
fsr-3851	409	1	journal	journal	NOUN
fsr-3851	409	2	of	of	ADP
fsr-3851	409	3	financial	financial	ADJ
fsr-3851	409	4	economics	economic	NOUN
fsr-3851	409	5	,	,	PUNCT
fsr-3851	409	6	6	6	NUM
fsr-3851	409	7	,	,	PUNCT
fsr-3851	409	8	151	151	NUM
fsr-3851	409	9	-	-	SYM
fsr-3851	409	10	186	186	NUM
fsr-3851	409	11	.	.	PUNCT
fsr-3851	410	1	u.s	u.s	PROPN
fsr-3851	410	2	.	.	PROPN
fsr-3851	410	3	department	department	PROPN
fsr-3851	410	4	of	of	ADP
fsr-3851	410	5	commerce	commerce	PROPN
fsr-3851	410	6	.	.	PUNCT
fsr-3851	411	1	(	(	PUNCT
fsr-3851	411	2	1992	1992	NUM
fsr-3851	411	3	)	)	PUNCT
fsr-3851	411	4	.	.	PUNCT
fsr-3851	412	1	money	money	NOUN
fsr-3851	412	2	and	and	CCONJ
fsr-3851	412	3	interest	interest	NOUN
fsr-3851	412	4	rates	rate	NOUN
fsr-3851	412	5	(	(	PUNCT
fsr-3851	412	6	statistical	statistical	ADJ
fsr-3851	412	7	table	table	NOUN
fsr-3851	412	8	)	)	PUNCT
fsr-3851	412	9	.	.	PUNCT
fsr-3851	413	1	business	business	NOUN
fsr-3851	413	2	statis	statis	PROPN
fsr-3851	413	3	tics	tic	NOUN
fsr-3851	413	4	1963	1963	NUM
fsr-3851	413	5	-	-	SYM
fsr-3851	413	6	91	91	NUM
fsr-3851	413	7	(	(	PUNCT
fsr-3851	413	8	27th	27th	ADJ
fsr-3851	413	9	ed	ed	NOUN
fsr-3851	413	10	.	.	PUNCT
fsr-3851	413	11	)	)	PUNCT
fsr-3851	413	12	.	.	PUNCT
fsr-3851	414	1	u.s	u.s	PROPN
fsr-3851	414	2	.	.	PROPN
fsr-3851	414	3	department	department	PROPN
fsr-3851	414	4	of	of	ADP
fsr-3851	414	5	commerce	commerce	PROPN
fsr-3851	414	6	.	.	PUNCT
fsr-3851	415	1	(	(	PUNCT
fsr-3851	415	2	1996	1996	NUM
fsr-3851	415	3	)	)	PUNCT
fsr-3851	415	4	.	.	PUNCT
fsr-3851	416	1	money	money	NOUN
fsr-3851	416	2	market	market	NOUN
fsr-3851	416	3	interest	interest	NOUN
fsr-3851	416	4	rates	rate	NOUN
fsr-3851	416	5	and	and	CCONJ
fsr-3851	416	6	mortgage	mortgage	NOUN
fsr-3851	416	7	rates	rate	NOUN
fsr-3851	416	8	:	:	PUNCT
fsr-3851	416	9	1980	1980	NUM
fsr-3851	416	10	to	to	ADP
fsr-3851	416	11	1995	1995	NUM
fsr-3851	416	12	(	(	PUNCT
fsr-3851	416	13	statistical	statistical	ADJ
fsr-3851	416	14	table	table	NOUN
fsr-3851	416	15	,	,	PUNCT
fsr-3851	416	16	p.	p.	NOUN
fsr-3851	416	17	520	520	NUM
fsr-3851	416	18	)	)	PUNCT
fsr-3851	416	19	.	.	PUNCT
fsr-3851	417	1	statistical	statistical	ADJ
fsr-3851	417	2	abstract	abstract	NOUN
fsr-3851	417	3	of	of	ADP
fsr-3851	417	4	the	the	DET
fsr-3851	417	5	united	united	PROPN
fsr-3851	417	6	states	states	PROPN
fsr-3851	417	7	1996	1996	NUM
fsr-3851	417	8	,	,	PUNCT
fsr-3851	417	9	(	(	PUNCT
fsr-3851	417	10	116th	116th	NOUN
fsr-3851	417	11	ed	ed	NOUN
fsr-3851	417	12	.	.	PUNCT
fsr-3851	417	13	)	)	PUNCT
fsr-3851	417	14	.	.	PUNCT
fsr-3851	418	1	u.s	u.s	PROPN
fsr-3851	418	2	.	.	PROPN
fsr-3851	418	3	news	news	PROPN
fsr-3851	418	4	&	&	CCONJ
fsr-3851	418	5	world	world	PROPN
fsr-3851	418	6	report	report	PROPN
fsr-3851	418	7	.	.	PUNCT
fsr-3851	419	1	(	(	PUNCT
fsr-3851	419	2	1996	1996	NUM
fsr-3851	419	3	)	)	PUNCT
fsr-3851	419	4	.	.	PUNCT
fsr-3851	420	1	going	go	VERB
fsr-3851	420	2	for	for	ADP
fsr-3851	420	3	the	the	DET
fsr-3851	420	4	gold	gold	NOUN
fsr-3851	420	5	,	,	PUNCT
fsr-3851	420	6	121(2	121(2	NUM
fsr-3851	420	7	)	)	PUNCT
fsr-3851	420	8	,	,	PUNCT
fsr-3851	420	9	71	71	NUM
fsr-3851	420	10	.	.	PUNCT
fsr-3851	421	1	weisenberger	weisenberger	NOUN
fsr-3851	421	2	,	,	PUNCT
fsr-3851	421	3	a.	a.	NOUN
fsr-3851	421	4	(	(	PUNCT
fsr-3851	421	5	1965	1965	NUM
fsr-3851	421	6	-	-	SYM
fsr-3851	421	7	1990	1990	NUM
fsr-3851	421	8	)	)	PUNCT
fsr-3851	421	9	.	.	PUNCT
fsr-3851	422	1	statistical	statistical	ADJ
fsr-3851	422	2	survey	survey	NOUN
fsr-3851	422	3	of	of	ADP
fsr-3851	422	4	closed	close	VERB
fsr-3851	422	5	-	-	PUNCT
fsr-3851	422	6	end	end	NOUN
fsr-3851	422	7	investment	investment	NOUN
fsr-3851	422	8	companies	company	NOUN
fsr-3851	422	9	(	(	PUNCT
fsr-3851	422	10	statistical	statistical	ADJ
fsr-3851	422	11	table	table	NOUN
fsr-3851	422	12	)	)	PUNCT
fsr-3851	422	13	.	.	PUNCT
fsr-3851	423	1	investment	investment	NOUN
fsr-3851	423	2	company	company	NOUN
fsr-3851	423	3	survey	survey	NOUN
fsr-3851	423	4	,	,	PUNCT
fsr-3851	423	5	part	part	NOUN
fsr-3851	423	6	iv	iv	NUM
fsr-3851	423	7	.	.	PUNCT
fsr-3851	423	8	weiss	weiss	PROPN
fsr-3851	423	9	-	-	PUNCT
fsr-3851	423	10	hanley	hanley	PROPN
fsr-3851	423	11	,	,	PUNCT
fsr-3851	423	12	k.	k.	PROPN
fsr-3851	423	13	,	,	PUNCT
fsr-3851	423	14	lee	lee	PROPN
fsr-3851	423	15	,	,	PUNCT
fsr-3851	423	16	c.	c.	PROPN
fsr-3851	423	17	m.	m.	PROPN
fsr-3851	423	18	c.	c.	PROPN
fsr-3851	423	19	,	,	PUNCT
fsr-3851	423	20	&	&	CCONJ
fsr-3851	423	21	seguin	seguin	PROPN
fsr-3851	423	22	,	,	PUNCT
fsr-3851	423	23	p.	p.	PROPN
fsr-3851	423	24	j.	j.	PROPN
fsr-3851	424	1	(	(	PUNCT
fsr-3851	424	2	1996	1996	NUM
fsr-3851	424	3	)	)	PUNCT
fsr-3851	424	4	.	.	PUNCT
fsr-3851	425	1	the	the	DET
fsr-3851	425	2	marketing	marketing	NOUN
fsr-3851	425	3	of	of	ADP
fsr-3851	425	4	closed	close	VERB
fsr-3851	425	5	-	-	PUNCT
fsr-3851	425	6	end	end	NOUN
fsr-3851	425	7	fund	fund	NOUN
fsr-3851	425	8	ipos	ipos	NOUN
fsr-3851	425	9	:	:	PUNCT
fsr-3851	425	10	evidence	evidence	NOUN
fsr-3851	425	11	from	from	ADP
fsr-3851	425	12	transactions	transaction	NOUN
fsr-3851	425	13	data	datum	NOUN
fsr-3851	425	14	.	.	PUNCT
fsr-3851	426	1	journal	journal	PROPN
fsr-3851	426	2	of	of	ADP
fsr-3851	426	3	financial	financial	ADJ
fsr-3851	426	4	intermediation	intermediation	NOUN
fsr-3851	426	5	,	,	PUNCT
fsr-3851	426	6	5(2	5(2	NUM
fsr-3851	426	7	)	)	PUNCT
fsr-3851	426	8	,	,	PUNCT
fsr-3851	426	9	127	127	NUM
fsr-3851	426	10	-	-	SYM
fsr-3851	426	11	159	159	NUM
fsr-3851	426	12	.	.	PUNCT